In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), SALT Holding Corp. reported 12 stock positions worth $107.9 million . Its top holding was ASML Holding NV-NY Reg SHS (ASML) at 34.0% of the portfolio, followed by Logitech International-Reg (LOGI, 22.3% ) and Rio Tinto PLC-Spon ADR (RIO, 22.1% ). Compared with Q4 2024, it opened 1 new position and added to 3. The biggest buy was a new position in Ferrari (RACE).
Location WILMINGTON, DE
CIK 0001996109
Portfolio Value $107.9M (Q1 2025) Holdings 12 stocks · $107.9M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 ASML ASML Holding NV-NY Reg SHS 55,400 $36.7M No change LOGI Logitech International-Reg 285,337 $24.1M Add +181.1% RIO Rio Tinto PLC-Spon ADR 396,278 $23.8M No change RACE Ferrari NV 30,010 $12.8M New GSK GSK PLC-Spon ADR 90,659 $3.5M Add +47.1% NVO Novo-Nordisk A/S-Spons ADR 39,984 $2.8M Add +33.4% AZN Astrazeneca PLC-Spons ADR 15,200 $1.1M No change VOD Vodafone Group PLC-SP ADR 115,414 $1.1M No change ARGX Argenx SE - ADR 1,149 $680K No change MT Arcelormittal-NY Registered 19,700 $568K No change BTI British American Tob-SP ADR 9,000 $372K No change FRO Frontline PLC 23,700 $352K No change
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ None this quarter.
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ RACE Ferrari NV New 11.90% +11.90 LOGI Logitech International-Reg Add +181.1% 22.32% +11.68 GSK GSK PLC-Spon ADR Add +47.1% 3.25% +0.60 NVO Novo-Nordisk A/S-Spons ADR Add +33.4% 2.57% −0.71
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ NVO Novo-Nordisk A/S-Spons ADR put Sold out 20,000 $1.7Mbefore exit NVO Novo-Nordisk A/S-Spons ADR call Sold out 14,800 $1.3Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 25 $188.8M VOD, RACE, AZN, NOK, BUD Q1 2026 23 $162.8M VOD, RACE, AZN, BUD, NVS Q4 2025 19 $126.7M VOD, RACE, AZN, BUD, NOK Q3 2025 13 $79.2M VOD, RACE, BUD, DEO, STM Q2 2025 7 $65.3M VOD, RACE, STM, NVO, LOGI Q1 2025 12 $107.9M ASML, LOGI, RIO, RACE, GSK Q4 2024 11 $78.5M ASML, RIO, LOGI, NVO, GSK