Silphium Asset Management Ltd In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 6, 2025), Silphium Asset Management Ltd reported 51 stock positions worth $274.4 million . Its top holding was Juniper Networks (JNPR) at 10.2% of the portfolio, followed by Hess (HES, 8.0% ) and Kellanova (K, 7.4% ). Compared with Q3 2024, it opened 20 new positions, sold out of 16, added to 22 and reduced 8. The biggest buy was Kellanova (K, shares +178% ) and the biggest sale an exit from Endeavor Group Hold Class A (EDR).
Location London, X0
CIK 0001758440
Portfolio Value $274.4M (Q4 2024) Holdings 51 stocks · $274.4M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2024 JNPR Juniper Networks Inc. 750,000 $28.1M Add +50.0% HES Hess Corp. 165,000 $21.9M Add +50.0% K Kellanova 250,000 $20.2M Add +177.8% HCP Hashicorp Inc. Class A 525,000 $18.0M Add +51.1% FYBR Frontier Communications Pare 300,000 $10.4M New CHX Championx Corp. 366,132 $10.0M Add +88.1% BERY Berry Global Group Inc. 147,760 $9.6M New WMT Walmart Inc. 98,449 $8.9M No change X United States Steel Corp. 210,000 $7.1M Reduce -6.7% COST Costco Wholesale Corp. 7,628 $7.0M Add +0.1% DFS Discover Financial Services 39,704 $6.9M New AMED Amedisys Inc. 75,000 $6.8M Reduce -37.3% MSFT Microsoft Corp. 15,824 $6.7M Add +17.6% FISV Fiserv Inc. 28,451 $5.8M Add +16.1% ETN Eaton Corp. PLC 17,256 $5.7M Add +19.4% AMZN Amazon.com Inc. 25,659 $5.6M Add +6.6% CME Cme Group Inc. 22,823 $5.3M Reduce -9.6% INTU Intuit Inc. 8,009 $5.0M Add +18.2% BRO Brown & Brown Inc. 48,776 $5.0M Add +27.5% NVDA Nvidia Corp. 37,047 $5.0M Add +0.0% MA Mastercard Inc. Class A 9,111 $4.8M Add +12.4% META Meta Platforms Inc. Class A 7,978 $4.7M Add +18.8% TSM Taiwan Semiconductor-SP ADR 23,420 $4.6M Add +29.1% WM Waste Management Inc. 21,462 $4.3M Add +36.2% TXN Texas Instruments Inc. 18,591 $3.5M Add +31.1% GOOGL Alphabet Inc. Class A 18,254 $3.5M New RACE Ferrari NV 8,123 $3.5M Add +12.7% LLY Eli Lilly & Co. 4,401 $3.4M Add +0.1% HD Home Depot Inc. 8,548 $3.3M Reduce -9.3% VLTO Veralto Corp. 29,715 $3.0M Add +25.4% AAPL Apple Inc. 11,866 $3.0M Reduce -2.8% HQY Healthequity Inc. 27,500 $2.6M New PARAA Paramount Global Class B 250,000 $2.6M New MCK McKesson Corp. 4,580 $2.6M New CRM Salesforce Inc. 7,500 $2.5M New FICO Fair Isaac Corp. 1,230 $2.4M New ADBE Adobe Inc. 5,067 $2.3M Reduce -16.5% RNW Renew Energy Global PLC-A 300,000 $2.0M New TECK Teck Resources Ltd.-CLS B 50,000 $2.0M New CP Canadian Pacific Kansas City 26,454 $1.9M Reduce -18.4% ARMK Aramark 50,000 $1.9M New PPTA Perpetua Resources Corp. 150,000 $1.6M New ACI Albertsons Cos Inc. Class A 80,000 $1.6M Add +45.6% CYTK Cytokinetics Inc. 30,000 $1.4M Reduce -69.6% AVGO Broadcom Inc. 5,180 $1.2M New JPM JPMorgan Chase & Co. 4,240 $1.0M New BAC Bank of America Corp. filed as BANK AMERICA CORP 22,974 $1.0M New WFC Wells Fargo & Co. 14,208 $998K New GS Goldman Sachs Group Inc. 1,742 $998K New NXE Nexgen Energy Ltd. 150,000 $990K New SLSR Solaris Resources Inc. 50,000 $155K New
Options reported separately and not counted above: SUM calls ($15.2M), INTC calls ($5.0M), AU calls ($4.9M), CLF calls ($2.4M), ACI puts ($786K), PARAA puts ($523K), X calls ($340K).
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ EDR Endeavor Group Hold Class A Sold out 0.00% −9.26 CTLT Catalent Inc. Sold out 0.00% −8.29 SWN Southwestern Energy Co. Sold out 0.00% −2.56 AXONICS INC Sold out 0.00% −2.00 AGR Avangrid Inc. Sold out 0.00% −1.93 PEP Pepsico Inc. Sold out 0.00% −1.86 AMED Amedisys Inc. Reduce -37.3% 2.48% −1.68 URTH iShares MSCI World ETF Sold out 0.00% −1.63 SRCL Stericycle Inc. Sold out 0.00% −1.59 PRFT Perficient Inc. Sold out 0.00% −1.49 RCM R1 RCM Inc. Sold out 0.00% −1.45 CYTK Cytokinetics Inc. Reduce -69.6% 0.51% −1.36 TELL Tellurian Inc. Sold out 0.00% −1.22 MANU Manchester United PLC Class A Sold out 0.00% −1.17 VZIO Vizio Holding Corp. Class A Sold out 0.00% −0.70 INTC Intel Corp. Sold out 0.00% −0.42 CPRI Capri Holdings Ltd. Sold out 0.00% −0.38 ADBE Adobe Inc. Reduce -16.5% 0.82% −0.31 CP Canadian Pacific Kansas City Reduce -18.4% 0.70% −0.30 X United States Steel Corp. Reduce -6.7% 2.60% −0.26 EVH Evolent Health Inc. Class A Sold out 0.00% −0.25 HD Home Depot Inc. Reduce -9.3% 1.21% −0.16 CME Cme Group Inc. Reduce -9.6% 1.93% −0.07 AAPL Apple Inc. Reduce -2.8% 1.08% +0.06
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ K Kellanova Add +177.8% 7.38% +4.76 FYBR Frontier Communications Pare New 3.79% +3.79 BERY Berry Global Group Inc. New 3.48% +3.48 JNPR Juniper Networks Inc. Add +50.0% 10.23% +3.22 HES Hess Corp. Add +50.0% 8.00% +2.62 DFS Discover Financial Services New 2.51% +2.51 HCP Hashicorp Inc. Class A Add +51.1% 6.54% +2.31 CHX Championx Corp. Add +88.1% 3.63% +1.51 GOOGL Alphabet Inc. Class A New 1.26% +1.26 HQY Healthequity Inc. New 0.96% +0.96 PARAA Paramount Global Class B New 0.95% +0.95 MCK McKesson Corp. New 0.95% +0.95 CRM Salesforce Inc. New 0.91% +0.91 FICO Fair Isaac Corp. New 0.89% +0.89 RNW Renew Energy Global PLC-A New 0.75% +0.75 TECK Teck Resources Ltd.-CLS B New 0.74% +0.74 ARMK Aramark New 0.68% +0.68 PPTA Perpetua Resources Corp. New 0.58% +0.58 TSM Taiwan Semiconductor-SP ADR Add +29.1% 1.69% +0.55 FISV Fiserv Inc. Add +16.1% 2.13% +0.54 AVGO Broadcom Inc. New 0.44% +0.44 AMZN Amazon.com Inc. Add +6.6% 2.05% +0.44 WM Waste Management Inc. Add +36.2% 1.58% +0.40 BRO Brown & Brown Inc. Add +27.5% 1.81% +0.39 JPM JPMorgan Chase & Co. New 0.37% +0.37 BAC Bank of America Corp. New 0.37% +0.37 WFC Wells Fargo & Co. New 0.36% +0.36 GS Goldman Sachs Group Inc. New 0.36% +0.36 ETN Eaton Corp. PLC Add +19.4% 2.09% +0.36 NXE Nexgen Energy Ltd. New 0.36% +0.36 MSFT Microsoft Corp. Add +17.6% 2.43% +0.35 INTU Intuit Inc. Add +18.2% 1.83% +0.32 META Meta Platforms Inc. Class A Add +18.8% 1.70% +0.32 MA Mastercard Inc. Class A Add +12.4% 1.75% +0.31 TXN Texas Instruments Inc. Add +31.1% 1.27% +0.22 ACI Albertsons Cos Inc. Class A Add +45.6% 0.57% +0.21 NVDA Nvidia Corp. Add +0.0% 1.81% +0.19 VLTO Veralto Corp. Add +25.4% 1.10% +0.15 COST Costco Wholesale Corp. Add +0.1% 2.55% +0.11 SLSR Solaris Resources Inc. New 0.06% +0.06 RACE Ferrari NV Add +12.7% 1.26% +0.04 LLY Eli Lilly & Co. Add +0.1% 1.24% −0.16
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ SUM Summit Materials Inc. Class A call New 300,000 $15.2M INTC Intel Corp. call New 250,000 $5.0M AU Anglogold Ashanti PLC call New 212,500 $4.9M CLF Cleveland-Cliffs Inc. call New 250,000 $2.4M CYTK Cytokinetics Inc. put Sold out 35,000 $1.8Mbefore exit ACI Albertsons Cos Inc. Class A put New 40,000 $786K CYTK Cytokinetics Inc. call Sold out 10,000 $528Kbefore exit PARAA Paramount Global Class B put New 50,000 $523K
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 55 $296.6M VOO, VPL, VGK, NVDA, FXI Q1 2026 48 $264.0M VOO, VPL, URTH, FXI, VGK Q4 2025 46 $235.9M VOO, VPL, NVDA, MSFT, VGK Q3 2025 38 $338.0M VOO, VXUS, IAGG, LQD, VCSH Q2 2025 35 $280.7M VOO, VXUS, LQD, IAGG, GOVT Q1 2025 29 $124.1M WMT, COST, FISV, CME, BRO Q4 2024 51 $274.4M JNPR, HES, K, HCP, FYBR Q3 2024 47 $277.7M EDR, CTLT, JNPR, HES, HCP Q2 2024 50 $209.0M CTLT, JNPR, X, WRK, EDR Q1 2024 44 $193.1M PXD, JNPR, WRK, HES, CTLT