QSM Asset Management Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 16, 2025), QSM Asset Management Ltd reported 20 stock positions worth $140.0 million. Its top holding was Zimmer Biomet (ZBH) at 9.2% of the portfolio, followed by Intel (INTC, 8.7%) and Viatris (VTRS, 8.3%). Compared with Q2 2025, it opened 3 new positions, added to 7 and reduced 10. The biggest buy was a new position in Rio Tinto PLC-Spon ADR (RIO) and the biggest sale Whirlpool (WHR, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0002058325
- Portfolio Value
- $140.0M (Q3 2025)
- SEC Filing
- 0002058325-25-000005 ↗ filed Oct 16, 2025
Holdings Value
Holdings 20 stocks · $140.0M
| ZBH Zimmer Biomet Holdings Inc. | 9.20% | 131,450 | $12.9M | Add +17.9% |
| INTC Intel Corp. | 8.70% | 363,254 | $12.2M | Reduce -8.4% |
| VTRS Viatris Inc. | 8.29% | 1,208,640 | $11.6M | Add +2.7% |
| RIO Rio Tinto PLC-Spon ADR | 8.22% | 174,700 | $11.5M | New |
| PFE Pfizer Inc. | 8.06% | 460,743 | $11.3M | Add +150.6% |
| OXY Occidental Petroleum Corp. | 7.37% | 221,760 | $10.3M | New |
| CAG Conagra Brands Inc. | 6.80% | 529,205 | $9.5M | Add +72.2% |
| MHK Mohawk Industries Inc. | 5.97% | 66,536 | $8.4M | Reduce -12.0% |
| PYPL PayPal Holdings Inc. | 4.64% | 95,461 | $6.5M | Reduce -12.0% |
| CNH CNH Industrial NV | 4.53% | 587,490 | $6.3M | Add +9.9% |
| EMN Eastman Chemical Co. | 4.20% | 94,708 | $5.9M | Add +76.0% |
| NWL Newell Brands Inc. | 3.82% | 1,077,089 | $5.4M | Reduce -26.8% |
| ACLS Axcelis Technologies Inc. | 3.69% | 53,166 | $5.2M | Reduce -12.0% |
| VFC VF Corp. | 3.21% | 317,447 | $4.5M | Reduce -37.5% |
| FANG Diamondback Energy Inc. | 3.08% | 30,500 | $4.3M | New |
| SEE Sealed Air Corp. | 2.91% | 117,616 | $4.1M | Reduce -20.9% |
| IPGP Ipg Photonics Corp. | 2.90% | 51,832 | $4.1M | Add +95.6% |
| WHR Whirlpool Corp. | 2.24% | 40,456 | $3.1M | Reduce -47.0% |
| CE Celanese Corp. | 1.23% | 41,898 | $1.7M | Reduce -57.8% |
| VSTS Vestis Corp. | 0.96% | 304,036 | $1.3M | Reduce -42.9% |
Portfolio Sells Q2 2025 → Q3 2025
| WHR Whirlpool Corp. | Reduce -47.0% | 2.24% | −4.90 |
| CE Celanese Corp. | Reduce -57.8% | 1.23% | −3.85 |
| NWL Newell Brands Inc. | Reduce -26.8% | 3.82% | −3.48 |
| PYPL PayPal Holdings Inc. | Reduce -12.0% | 4.64% | −2.79 |
| VFC VF Corp. | Reduce -37.5% | 3.21% | −2.29 |
| VSTS Vestis Corp. | Reduce -42.9% | 0.96% | −1.88 |
| SEE Sealed Air Corp. | Reduce -20.9% | 2.91% | −1.35 |
| MHK Mohawk Industries Inc. | Reduce -12.0% | 5.97% | −1.32 |
| ACLS Axcelis Technologies Inc. | Reduce -12.0% | 3.69% | −0.20 |
| INTC Intel Corp. | Reduce -8.4% | 8.70% | +0.47 |
Portfolio Buys Q2 2025 → Q3 2025
| RIO Rio Tinto PLC-Spon ADR | New | 8.22% | +8.22 |
| OXY Occidental Petroleum Corp. | New | 7.37% | +7.37 |
| PFE Pfizer Inc. | Add +150.6% | 8.06% | +3.94 |
| FANG Diamondback Energy Inc. | New | 3.08% | +3.08 |
| CAG Conagra Brands Inc. | Add +72.2% | 6.80% | +1.00 |
| IPGP Ipg Photonics Corp. | Add +95.6% | 2.90% | +0.93 |
| EMN Eastman Chemical Co. | Add +76.0% | 4.20% | +0.49 |
| ZBH Zimmer Biomet Holdings Inc. | Add +17.9% | 9.20% | −0.18 |
| VTRS Viatris Inc. | Add +2.7% | 8.29% | −1.42 |
| CNH CNH Industrial NV | Add +9.9% | 4.53% | −1.85 |
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 |