Silphium Asset Management Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Silphium Asset Management Ltd reported 35 stock positions worth $280.7 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 20.1% of the portfolio, followed by Vanguard Total Intl Stock (VXUS, 10.1%) and Ishr Ibx Usd Invgd CB ETF-Ui (LQD, 7.6%). Compared with Q1 2025, it opened 8 new positions, sold out of 2, added to 14 and reduced 13. The biggest buy was a new position in Vanguard S&P 500 ETF (VOO) and the biggest sale Walmart (WMT, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001758440
- Portfolio Value
- $280.7M (Q2 2025)
- SEC Filing
- 0000919574-25-004495 ↗ filed Aug 13, 2025
Holdings Value
Holdings 35 stocks · $280.7M
| VOO Vanguard S&P 500 ETF | 20.14% | 99,530 | $56.5M | New |
| VXUS Vanguard Total Intl Stock | 10.08% | 409,500 | $28.3M | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 7.58% | 194,200 | $21.3M | New |
| IAGG iShares Intl Aggregate Bond | 6.79% | 372,900 | $19.1M | New |
| GOVT iShares US Treasury Bond ETF | 4.02% | 491,200 | $11.3M | New |
| NVDA Nvidia Corp. | 3.22% | 57,230 | $9.0M | Add +68.1% |
| MSFT Microsoft Corp. | 2.98% | 16,838 | $8.4M | Add +6.3% |
| WMT Walmart Inc. | 2.84% | 81,579 | $8.0M | Reduce -17.3% |
| URTH iShares MSCI World ETF | 2.70% | 44,830 | $7.6M | New |
| META Meta Platforms Inc. Class A | 2.52% | 9,590 | $7.1M | Add +6.9% |
| INTU Intuit Inc. | 2.37% | 8,438 | $6.6M | Add +5.4% |
| ETN Eaton Corp. PLC | 2.17% | 17,046 | $6.1M | Reduce -11.8% |
| COST Costco Wholesale Corp. | 2.15% | 6,089 | $6.0M | Reduce -20.2% |
| FXI iShares China Large-Cap ETF | 2.10% | 160,500 | $5.9M | Add +16.7% |
| AMZN Amazon.com Inc. | 2.05% | 26,195 | $5.7M | Reduce -8.8% |
| FISV Fiserv Inc. | 1.84% | 29,931 | $5.2M | Add +5.2% |
| WM Waste Management Inc. | 1.75% | 21,515 | $4.9M | Add +0.3% |
| CME Cme Group Inc. | 1.75% | 17,856 | $4.9M | Reduce -23.1% |
| AVGO Broadcom Inc. | 1.73% | 17,605 | $4.9M | Add +2.3% |
| TXN Texas Instruments Inc. | 1.73% | 23,372 | $4.9M | Add +25.1% |
| MA Mastercard Inc. Class A | 1.72% | 8,597 | $4.8M | Reduce -5.7% |
| BRO Brown & Brown Inc. | 1.59% | 40,223 | $4.5M | Reduce -17.6% |
| GOOGL Alphabet Inc. Class A | 1.53% | 24,400 | $4.3M | Add +11.2% |
| CP Canadian Pacific Kansas City | 1.40% | 49,555 | $3.9M | Add +43.2% |
| LLY Eli Lilly & Co. | 1.33% | 4,777 | $3.7M | Add +8.4% |
| RACE Ferrari NV | 1.31% | 7,520 | $3.7M | Reduce -7.4% |
| CACI Caci International Inc. Class A | 1.27% | 7,480 | $3.6M | New |
| CRM Salesforce Inc. | 1.17% | 12,007 | $3.3M | Reduce -9.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.08% | 38,000 | $3.0M | New |
| MCK McKesson Corp. | 1.00% | 3,843 | $2.8M | Reduce -16.1% |
| HD Home Depot Inc. | 1.00% | 7,644 | $2.8M | Reduce -10.6% |
| HQY Healthequity Inc. | 0.91% | 24,400 | $2.6M | Reduce -11.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.89% | 20,161 | $2.5M | Add +11.8% |
| FICO Fair Isaac Corp. | 0.75% | 1,152 | $2.1M | Reduce -24.9% |
| BIDU Baidu Inc. - Spon ADR | 0.55% | 18,030 | $1.5M | Add +44.2% |
Portfolio Sells Q1 2025 → Q2 2025
| WMT Walmart Inc. | Reduce -17.3% | 2.84% | −4.14 |
| COST Costco Wholesale Corp. | Reduce -20.2% | 2.15% | −3.67 |
| BRO Brown & Brown Inc. | Reduce -17.6% | 1.59% | −3.31 |
| CME Cme Group Inc. | Reduce -23.1% | 1.75% | −3.21 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −3.14 |
| AMZN Amazon.com Inc. | Reduce -8.8% | 2.05% | −2.36 |
| VLTO Veralto Corp. | Sold out | 0.00% | −2.34 |
| MA Mastercard Inc. Class A | Reduce -5.7% | 1.72% | −2.31 |
| ETN Eaton Corp. PLC | Reduce -11.8% | 2.17% | −2.07 |
| CRM Salesforce Inc. | Reduce -9.0% | 1.17% | −1.69 |
| FICO Fair Isaac Corp. | Reduce -24.9% | 0.75% | −1.53 |
| HD Home Depot Inc. | Reduce -10.6% | 1.00% | −1.53 |
| RACE Ferrari NV | Reduce -7.4% | 1.31% | −1.49 |
| MCK McKesson Corp. | Reduce -16.1% | 1.00% | −1.48 |
| HQY Healthequity Inc. | Reduce -11.3% | 0.91% | −1.05 |
Portfolio Buys Q1 2025 → Q2 2025
| VOO Vanguard S&P 500 ETF | New | 20.14% | +20.14 |
| VXUS Vanguard Total Intl Stock | New | 10.08% | +10.08 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 7.58% | +7.58 |
| IAGG iShares Intl Aggregate Bond | New | 6.79% | +6.79 |
| GOVT iShares US Treasury Bond ETF | New | 4.02% | +4.02 |
| URTH iShares MSCI World ETF | New | 2.70% | +2.70 |
| CACI Caci International Inc. Class A | New | 1.27% | +1.27 |
| VCSH Vanguard S/T Corp. Bond ETF | New | 1.08% | +1.08 |
| NVDA Nvidia Corp. | Add +68.1% | 3.22% | +0.25 |
| BIDU Baidu Inc. - Spon ADR | Add +44.2% | 0.55% | −0.38 |
| CP Canadian Pacific Kansas City | Add +43.2% | 1.40% | −0.56 |
| AVGO Broadcom Inc. | Add +2.3% | 1.73% | −0.59 |
| TJX TJX Companies Inc. | Add +11.8% | 0.89% | −0.88 |
| TXN Texas Instruments Inc. | Add +25.1% | 1.73% | −0.98 |
| GOOGL Alphabet Inc. Class A | Add +11.2% | 1.53% | −1.20 |
| INTU Intuit Inc. | Add +5.4% | 2.37% | −1.60 |
| LLY Eli Lilly & Co. | Add +8.4% | 1.33% | −1.61 |
| META Meta Platforms Inc. Class A | Add +6.9% | 2.52% | −1.65 |
| MSFT Microsoft Corp. | Add +6.3% | 2.98% | −1.81 |
| FXI iShares China Large-Cap ETF | Add +16.7% | 2.10% | −1.87 |
| WM Waste Management Inc. | Add +0.3% | 1.75% | −2.25 |
| FISV Fiserv Inc. | Add +5.2% | 1.84% | −3.23 |
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 |