Silphium Asset Management Ltd

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed January 30, 2025), Silphium Asset Management Ltd reported 44 stock positions worth $193.1 million. Its top holding was Pioneer Natural Resources (PXD) at 8.6% of the portfolio, followed by Juniper Networks (JNPR, 8.3%) and Westrock (WRK, 7.7%). Compared with Q4 2023, it opened 13 new positions, sold out of 10, added to 11 and reduced 4. The biggest buy was a new position in Juniper Networks (JNPR) and the biggest sale an exit from Splunk (SPLK).

Most Recent 13F
Q2 2026
Location
London, X0
CIK
0001758440
Portfolio Value
$193.1M (Q1 2024)
SEC Filing
0000919574-25-000732 ↗ filed Jan 30, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $193.1M $193.1M Q1 2024 Q2 2024: $209.0M Q2 2024 Q3 2024: $277.7M Q3 2024 Q4 2024: $274.4M Q4 2024 Q1 2025: $124.1M Q1 2025 Q2 2025: $280.7M Q2 2025 Q3 2025: $338.0M Q3 2025 Q4 2025: $235.9M Q4 2025 Q1 2026: $264.0M Q1 2026 Q2 2026: $296.6M Q2 2026

Holdings 44 stocks · $193.1M
PXD Pioneer Natural Resources Co. 8.65% 63,608 $16.7M No change
JNPR Juniper Networks Inc. 8.25% 430,000 $15.9M New
WRK Westrock Co. 7.68% 300,000 $14.8M No change
HES Hess Corp. 7.53% 95,215 $14.5M Add +534.8%
CTLT Catalent Inc. 6.72% 230,000 $13.0M New
X United States Steel Corp. 5.28% 250,000 $10.2M Add +66.7%
WMT Walmart Inc. 3.05% 97,800 $5.9M No change
MSFT Microsoft Corp. 2.93% 13,437 $5.7M Add +0.1%
COST Costco Wholesale Corp. 2.89% 7,622 $5.6M Add +1.6%
AMED Amedisys Inc. 2.86% 60,000 $5.5M Add +186.5%
GOOGL Alphabet Inc. Class A 2.83% 36,200 $5.5M No change
CME Cme Group Inc. 2.73% 24,487 $5.3M Add +1.8%
PEP Pepsico Inc. 2.71% 29,950 $5.2M No change
NVDA Nvidia Corp. 2.37% 5,066 $4.6M No change
ETN Eaton Corp. PLC 1.74% 10,750 $3.4M No change
META Meta Platforms Inc. Class A 1.69% 6,700 $3.3M No change
AMZN Amazon.com Inc. 1.66% 17,800 $3.2M No change
WM Waste Management Inc. 1.63% 14,766 $3.1M No change
RACE Ferrari NV 1.63% 7,205 $3.1M No change
BRO Brown & Brown Inc. 1.63% 35,841 $3.1M Add +0.1%
LLY Eli Lilly & Co. 1.61% 4,004 $3.1M Add +0.1%
EDR Endeavor Group Hold Class A 1.60% 120,000 $3.1M New
URTH iShares MSCI World ETF 1.59% 21,198 $3.1M No change
MANU Manchester United PLC Class A 1.59% 220,000 $3.1M Reduce -26.7%
FISV Fiserv Inc. 1.56% 18,888 $3.0M No change
MA Mastercard Inc. Class A 1.51% 6,072 $2.9M Add +0.1%
INTU Intuit Inc. 1.47% 4,359 $2.8M No change
FICO Fair Isaac Corp. 1.43% 2,204 $2.8M No change
HD Home Depot Inc. 1.35% 6,819 $2.6M Add +0.4%
TCN Tricon Residential Inc. 1.33% 230,000 $2.6M New
TXN Texas Instruments Inc. 1.26% 13,979 $2.4M Add +0.6%
CYTK Cytokinetics Inc. 1.18% 32,500 $2.3M Reduce -35.0%
ADBE Adobe Inc. 1.06% 4,050 $2.0M No change
VZIO Vizio Holding Corp. Class A 0.99% 175,000 $1.9M New
ACI Albertsons Cos Inc. Class A 0.61% 54,957 $1.2M Reduce -78.0%
RCM R1 RCM Inc. 0.57% 85,000 $1.1M New
EVBG Everbridge Inc. 0.47% 25,867 $901K New
SWAV Shockwave Medical Inc. 0.42% 2,500 $814K New
NVEI Nuvei Corp.-Subordinate VTG 0.41% 25,000 $791K New
AGR Avangrid Inc. 0.38% 20,000 $729K New
SPR Spirit Aerosystems Hold Class A 0.37% 20,000 $721K New
ITCI Intra-Cellular Therapies Inc. 0.36% 10,000 $692K New
SWTX Springworks Therapeutics Inc. 0.25% 10,000 $492K New
CVAC Curevac NV 0.16% 100,000 $303K Reduce -42.9%

Options reported separately and not counted above: X calls ($4.9M).

Portfolio Sells Q4 2023 → Q1 2024
SPLK Splunk Inc. Sold out 0.00% −12.17
AVGO Broadcom Inc. Sold out 0.00% −10.54
TGH Textainer Group Holdings Ltd. Sold out 0.00% −2.62
ACI Albertsons Cos Inc. Class A Reduce -78.0% 0.61% −2.45
NEM Newmont Corp. Sold out 0.00% −2.20
MANU Manchester United PLC Class A Reduce -26.7% 1.59% −1.67
CPRI Capri Holdings Ltd. Sold out 0.00% −1.61
IRBTQ Irobot Corp. Sold out 0.00% −1.24
TXNM TXNM Energy Inc. Sold out 0.00% −1.11
CYTK Cytokinetics Inc. Reduce -35.0% 1.18% −1.04
IMGN Immunogen Inc. Sold out 0.00% −1.03
CCC CCC Intelligent Solutions Ho Sold out 0.00% −0.30
CVAC Curevac NV Reduce -42.9% 0.16% −0.24
ANSS Ansys Inc. Sold out 0.00% −0.19

Portfolio Buys Q4 2023 → Q1 2024
JNPR Juniper Networks Inc. New 8.25% +8.25
CTLT Catalent Inc. New 6.72% +6.72
HES Hess Corp. Add +534.8% 7.53% +6.38
AMED Amedisys Inc. Add +186.5% 2.86% +1.80
EDR Endeavor Group Hold Class A New 1.60% +1.60
X United States Steel Corp. Add +66.7% 5.28% +1.39
TCN Tricon Residential Inc. New 1.33% +1.33
VZIO Vizio Holding Corp. Class A New 0.99% +0.99
RCM R1 RCM Inc. New 0.57% +0.57
EVBG Everbridge Inc. New 0.47% +0.47
SWAV Shockwave Medical Inc. New 0.42% +0.42
NVEI Nuvei Corp.-Subordinate VTG New 0.41% +0.41
AGR Avangrid Inc. New 0.38% +0.38
SPR Spirit Aerosystems Hold Class A New 0.37% +0.37
LLY Eli Lilly & Co. Add +0.1% 1.61% +0.37
ITCI Intra-Cellular Therapies Inc. New 0.36% +0.36
BRO Brown & Brown Inc. Add +0.1% 1.63% +0.27
COST Costco Wholesale Corp. Add +1.6% 2.89% +0.26
SWTX Springworks Therapeutics Inc. New 0.25% +0.25
MSFT Microsoft Corp. Add +0.1% 2.93% +0.24
MA Mastercard Inc. Class A Add +0.1% 1.51% +0.14
HD Home Depot Inc. Add +0.4% 1.35% +0.10
CME Cme Group Inc. Add +1.8% 2.73% +0.03
TXN Texas Instruments Inc. Add +0.6% 1.26% −0.00

Options Activity Q4 2023 → Q1 2024
X United States Steel Corp. call New 120,000 $4.9M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 55$296.6MVOO, VPL, VGK, NVDA, FXI
Q1 2026 48$264.0MVOO, VPL, URTH, FXI, VGK
Q4 2025 46$235.9MVOO, VPL, NVDA, MSFT, VGK
Q3 2025 38$338.0MVOO, VXUS, IAGG, LQD, VCSH
Q2 2025 35$280.7MVOO, VXUS, LQD, IAGG, GOVT
Q1 2025 29$124.1MWMT, COST, FISV, CME, BRO
Q4 2024 51$274.4MJNPR, HES, K, HCP, FYBR
Q3 2024 47$277.7MEDR, CTLT, JNPR, HES, HCP
Q2 2024 50$209.0MCTLT, JNPR, X, WRK, EDR
Q1 2024 44$193.1MPXD, JNPR, WRK, HES, CTLT