QSM Asset Management Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 15, 2025), QSM Asset Management Ltd reported 17 stock positions worth $108.5 million. Its top holding was Viatris (VTRS) at 9.7% of the portfolio, followed by Zimmer Biomet (ZBH, 9.4%) and Intel (INTC, 8.2%). Compared with Q1 2025, it opened 3 new positions, sold out of 4, added to 6 and reduced 8. The biggest buy was a new position in Whirlpool (WHR) and the biggest sale an exit from Kraft Heinz (KHC).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0002058325
- Portfolio Value
- $108.5M (Q2 2025)
- SEC Filing
- 0002058325-25-000003 ↗ filed Jul 15, 2025
Holdings Value
Holdings 17 stocks · $108.5M
| VTRS Viatris Inc. | 9.71% | 1,177,250 | $10.5M | Add +51.2% |
| ZBH Zimmer Biomet Holdings Inc. | 9.37% | 111,500 | $10.2M | Add +36.1% |
| INTC Intel Corp. | 8.23% | 396,652 | $8.9M | Reduce -10.0% |
| PYPL PayPal Holdings Inc. | 7.43% | 108,478 | $8.1M | Reduce -10.0% |
| NWL Newell Brands Inc. | 7.30% | 1,472,105 | $7.9M | Add +36.5% |
| MHK Mohawk Industries Inc. | 7.29% | 75,609 | $7.9M | Add +18.9% |
| WHR Whirlpool Corp. | 7.14% | 76,300 | $7.7M | New |
| CNH CNH Industrial NV | 6.38% | 534,602 | $6.9M | Reduce -19.3% |
| CAG Conagra Brands Inc. | 5.79% | 307,256 | $6.3M | Reduce -5.2% |
| VFC VF Corp. | 5.49% | 507,735 | $6.0M | Reduce -2.8% |
| CE Celanese Corp. | 5.08% | 99,275 | $5.5M | Add +21.4% |
| SEE Sealed Air Corp. | 4.26% | 148,655 | $4.6M | Reduce -10.0% |
| PFE Pfizer Inc. | 4.11% | 183,844 | $4.5M | Reduce -54.6% |
| ACLS Axcelis Technologies Inc. | 3.89% | 60,416 | $4.2M | New |
| EMN Eastman Chemical Co. | 3.71% | 53,811 | $4.0M | Reduce -19.0% |
| VSTS Vestis Corp. | 2.84% | 532,859 | $3.1M | Add +2.9% |
| IPGP Ipg Photonics Corp. | 1.97% | 26,500 | $2.1M | New |
Portfolio Sells Q1 2025 → Q2 2025
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −6.50 |
| UHS Universal Health Services-B | Sold out | 0.00% | −6.50 |
| CPB The Campbell's Company | Sold out | 0.00% | −6.03 |
| GEN Gen Digital Inc. | Sold out | 0.00% | −3.87 |
| PFE Pfizer Inc. | Reduce -54.6% | 4.11% | −3.48 |
| CAG Conagra Brands Inc. | Reduce -5.2% | 5.79% | −0.78 |
| EMN Eastman Chemical Co. | Reduce -19.0% | 3.71% | −0.63 |
| VFC VF Corp. | Reduce -2.8% | 5.49% | −0.49 |
| CNH CNH Industrial NV | Reduce -19.3% | 6.38% | +0.32 |
| SEE Sealed Air Corp. | Reduce -10.0% | 4.26% | +0.67 |
| INTC Intel Corp. | Reduce -10.0% | 8.23% | +0.83 |
| PYPL PayPal Holdings Inc. | Reduce -10.0% | 7.43% | +1.61 |
Portfolio Buys Q1 2025 → Q2 2025
| WHR Whirlpool Corp. | New | 7.14% | +7.14 |
| VTRS Viatris Inc. | Add +51.2% | 9.71% | +4.59 |
| ACLS Axcelis Technologies Inc. | New | 3.89% | +3.89 |
| ZBH Zimmer Biomet Holdings Inc. | Add +36.1% | 9.37% | +2.40 |
| NWL Newell Brands Inc. | Add +36.5% | 7.30% | +2.36 |
| IPGP Ipg Photonics Corp. | New | 1.97% | +1.97 |
| MHK Mohawk Industries Inc. | Add +18.9% | 7.29% | +1.91 |
| CE Celanese Corp. | Add +21.4% | 5.08% | +1.62 |
| VSTS Vestis Corp. | Add +2.9% | 2.84% | −1.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 24 | $192.9M | VTRS, PFE, MHK, ZBH, BAX |
| Q1 2026 | 25 | $204.2M | OXY, PFE, ZBH, VTRS, RIO |
| Q4 2025 | 21 | $174.7M | RIO, VTRS, INTC, PFE, CAG |
| Q3 2025 | 20 | $140.0M | ZBH, INTC, VTRS, RIO, PFE |
| Q2 2025 | 17 | $108.5M | VTRS, ZBH, INTC, PYPL, NWL |
| Q1 2025 | 18 | $133.2M | PFE, INTC, ZBH, CAG, KHC |
| Q4 2024 | 17 | $116.4M | PYPL, NWL, VTRS, CAG, CNH |