QSM Asset Management Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 15, 2026), QSM Asset Management Ltd reported 21 stock positions worth $174.7 million. Its top holding was Rio Tinto PLC-Spon ADR (RIO) at 10.6% of the portfolio, followed by Viatris (VTRS, 9.5%) and Intel (INTC, 7.7%). Compared with Q3 2025, it opened 2 new positions, sold out of 1, added to 12 and reduced 1. The biggest buy was a new position in Baxter International (BAX) and the biggest sale an exit from Sealed Air (SEE).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0002058325
- Portfolio Value
- $174.7M (Q4 2025)
- SEC Filing
- 0002058325-26-000001 ↗ filed Jan 15, 2026
Holdings Value
Holdings 21 stocks · $174.7M
| RIO Rio Tinto PLC-Spon ADR | 10.57% | 230,700 | $18.5M | Add +32.0% |
| VTRS Viatris Inc. | 9.47% | 1,329,640 | $16.6M | Add +10.0% |
| INTC Intel Corp. | 7.67% | 363,254 | $13.4M | No change |
| PFE Pfizer Inc. | 7.22% | 506,843 | $12.6M | Add +10.0% |
| CAG Conagra Brands Inc. | 6.98% | 704,805 | $12.2M | Add +33.2% |
| ZBH Zimmer Biomet Holdings Inc. | 6.76% | 131,450 | $11.8M | No change |
| MHK Mohawk Industries Inc. | 5.55% | 88,736 | $9.7M | Add +33.4% |
| FANG Diamondback Energy Inc. | 5.25% | 61,000 | $9.2M | Add +100.0% |
| CNH CNH Industrial NV | 5.17% | 979,320 | $9.0M | Add +66.7% |
| OXY Occidental Petroleum Corp. | 5.06% | 214,880 | $8.8M | Reduce -3.1% |
| EMN Eastman Chemical Co. | 4.39% | 120,258 | $7.7M | Add +27.0% |
| PYPL PayPal Holdings Inc. | 3.82% | 114,461 | $6.7M | Add +19.9% |
| BAX Baxter International Inc. | 3.73% | 340,700 | $6.5M | New |
| VFC VF Corp. | 3.58% | 346,347 | $6.3M | Add +9.1% |
| AA Alcoa Corp. | 2.74% | 90,000 | $4.8M | New |
| ACLS Axcelis Technologies Inc. | 2.44% | 53,166 | $4.3M | No change |
| NWL Newell Brands Inc. | 2.29% | 1,077,089 | $4.0M | No change |
| IPGP Ipg Photonics Corp. | 2.12% | 51,832 | $3.7M | No change |
| CE Celanese Corp. | 2.05% | 84,698 | $3.6M | Add +102.2% |
| WHR Whirlpool Corp. | 1.67% | 40,456 | $2.9M | No change |
| VSTS Vestis Corp. | 1.45% | 380,072 | $2.5M | Add +25.0% |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| BAX Baxter International Inc. | New | 3.73% | +3.73 |
| AA Alcoa Corp. | New | 2.74% | +2.74 |
| RIO Rio Tinto PLC-Spon ADR | Add +32.0% | 10.57% | +2.34 |
| FANG Diamondback Energy Inc. | Add +100.0% | 5.25% | +2.17 |
| VTRS Viatris Inc. | Add +10.0% | 9.47% | +1.18 |
| CE Celanese Corp. | Add +102.2% | 2.05% | +0.82 |
| CNH CNH Industrial NV | Add +66.7% | 5.17% | +0.64 |
| VSTS Vestis Corp. | Add +25.0% | 1.45% | +0.49 |
| VFC VF Corp. | Add +9.1% | 3.58% | +0.38 |
| EMN Eastman Chemical Co. | Add +27.0% | 4.39% | +0.19 |
| CAG Conagra Brands Inc. | Add +33.2% | 6.98% | +0.18 |
| MHK Mohawk Industries Inc. | Add +33.4% | 5.55% | −0.42 |
| PYPL PayPal Holdings Inc. | Add +19.9% | 3.82% | −0.82 |
| PFE Pfizer Inc. | Add +10.0% | 7.22% | −0.83 |
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 |