Silphium Asset Management Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Silphium Asset Management Ltd reported 38 stock positions worth $338.0 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 21.1% of the portfolio, followed by Vanguard Total Intl Stock (VXUS, 9.5%) and iShares Intl Aggregate Bond (IAGG, 7.1%). Compared with Q2 2025, it opened 4 new positions, sold out of 1, added to 12 and reduced 12. The biggest buy was Vanguard S/T Corp. Bond ETF (VCSH, shares +361%) and the biggest sale Walmart (WMT, shares −66%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001758440
- Portfolio Value
- $338.0M (Q3 2025)
- SEC Filing
- 0000919574-25-006407 ↗ filed Nov 4, 2025
Holdings Value
Holdings 38 stocks · $338.0M
| VOO Vanguard S&P 500 ETF | 21.11% | 116,530 | $71.4M | Add +17.1% |
| VXUS Vanguard Total Intl Stock | 9.54% | 439,000 | $32.2M | Add +7.2% |
| IAGG iShares Intl Aggregate Bond | 7.12% | 470,000 | $24.1M | Add +26.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 6.41% | 194,200 | $21.6M | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 4.14% | 175,000 | $14.0M | Add +360.5% |
| NVDA Nvidia Corp. | 3.71% | 67,130 | $12.5M | Add +17.3% |
| MSFT Microsoft Corp. | 3.61% | 23,558 | $12.2M | Add +39.9% |
| GOOGL Alphabet Inc. Class A | 3.60% | 50,100 | $12.2M | Add +105.3% |
| GOVT iShares US Treasury Bond ETF | 3.36% | 491,200 | $11.4M | No change |
| AAPL Apple Inc. | 2.73% | 36,300 | $9.2M | New |
| META Meta Platforms Inc. Class A | 2.39% | 10,990 | $8.1M | Add +14.6% |
| AMZN Amazon.com Inc. | 2.25% | 34,595 | $7.6M | Add +32.1% |
| URTH iShares MSCI World ETF | 1.96% | 36,530 | $6.6M | Reduce -18.5% |
| FXI iShares China Large-Cap ETF | 1.95% | 160,500 | $6.6M | No change |
| VCLT Vanguard Long-Term Corp. Bond | 1.84% | 80,000 | $6.2M | New |
| HD Home Depot Inc. | 1.62% | 13,544 | $5.5M | Add +77.2% |
| ETN Eaton Corp. PLC | 1.60% | 14,432 | $5.4M | Reduce -15.3% |
| COST Costco Wholesale Corp. | 1.48% | 5,389 | $5.0M | Reduce -11.5% |
| MA Mastercard Inc. Class A | 1.45% | 8,597 | $4.9M | No change |
| BRO Brown & Brown Inc. | 1.34% | 48,323 | $4.5M | Add +20.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.33% | 31,061 | $4.5M | Add +54.1% |
| INTU Intuit Inc. | 1.21% | 5,982 | $4.1M | Reduce -29.1% |
| KBWB Invesco KBW Bank ETF | 1.19% | 51,500 | $4.0M | New |
| FISV Fiserv Inc. | 1.14% | 29,931 | $3.9M | No change |
| AVGO Broadcom Inc. | 1.10% | 11,290 | $3.7M | Reduce -35.9% |
| CP Canadian Pacific Kansas City | 1.09% | 49,555 | $3.7M | No change |
| LLY Eli Lilly & Co. | 1.08% | 4,777 | $3.6M | No change |
| TXN Texas Instruments Inc. | 1.02% | 18,688 | $3.4M | Reduce -20.0% |
| EWJ iShares MSCI Japan ETF | 0.90% | 37,800 | $3.0M | New |
| MCK McKesson Corp. | 0.88% | 3,843 | $3.0M | No change |
| WMT Walmart Inc. | 0.86% | 28,079 | $2.9M | Reduce -65.6% |
| CME Cme Group Inc. | 0.84% | 10,556 | $2.9M | Reduce -40.9% |
| WM Waste Management Inc. | 0.84% | 12,915 | $2.9M | Reduce -40.0% |
| CRM Salesforce Inc. | 0.84% | 12,007 | $2.8M | No change |
| RACE Ferrari NV | 0.76% | 5,320 | $2.6M | Reduce -29.3% |
| HQY Healthequity Inc. | 0.68% | 24,400 | $2.3M | No change |
| CACI Caci International Inc. Class A | 0.53% | 3,580 | $1.8M | Reduce -52.1% |
| BIDU Baidu Inc. - Spon ADR | 0.49% | 12,500 | $1.6M | Reduce -30.7% |
Portfolio Sells Q2 2025 → Q3 2025
| WMT Walmart Inc. | Reduce -65.6% | 0.86% | −1.99 |
| INTU Intuit Inc. | Reduce -29.1% | 1.21% | −1.16 |
| WM Waste Management Inc. | Reduce -40.0% | 0.84% | −0.91 |
| CME Cme Group Inc. | Reduce -40.9% | 0.84% | −0.91 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.75 |
| URTH iShares MSCI World ETF | Reduce -18.5% | 1.96% | −0.74 |
| CACI Caci International Inc. Class A | Reduce -52.1% | 0.53% | −0.74 |
| TXN Texas Instruments Inc. | Reduce -20.0% | 1.02% | −0.71 |
| COST Costco Wholesale Corp. | Reduce -11.5% | 1.48% | −0.67 |
| AVGO Broadcom Inc. | Reduce -35.9% | 1.10% | −0.63 |
| ETN Eaton Corp. PLC | Reduce -15.3% | 1.60% | −0.57 |
| RACE Ferrari NV | Reduce -29.3% | 0.76% | −0.55 |
| BIDU Baidu Inc. - Spon ADR | Reduce -30.7% | 0.49% | −0.06 |
Portfolio Buys Q2 2025 → Q3 2025
| VCSH Vanguard S/T Corp. Bond ETF | Add +360.5% | 4.14% | +3.06 |
| AAPL Apple Inc. | New | 2.73% | +2.73 |
| GOOGL Alphabet Inc. Class A | Add +105.3% | 3.60% | +2.07 |
| VCLT Vanguard Long-Term Corp. Bond | New | 1.84% | +1.84 |
| KBWB Invesco KBW Bank ETF | New | 1.19% | +1.19 |
| VOO Vanguard S&P 500 ETF | Add +17.1% | 21.11% | +0.98 |
| EWJ iShares MSCI Japan ETF | New | 0.90% | +0.90 |
| MSFT Microsoft Corp. | Add +39.9% | 3.61% | +0.63 |
| HD Home Depot Inc. | Add +77.2% | 1.62% | +0.63 |
| NVDA Nvidia Corp. | Add +17.3% | 3.71% | +0.49 |
| TJX TJX Companies Inc. | Add +54.1% | 1.33% | +0.44 |
| IAGG iShares Intl Aggregate Bond | Add +26.0% | 7.12% | +0.34 |
| AMZN Amazon.com Inc. | Add +32.1% | 2.25% | +0.20 |
| META Meta Platforms Inc. Class A | Add +14.6% | 2.39% | −0.13 |
| BRO Brown & Brown Inc. | Add +20.1% | 1.34% | −0.25 |
| VXUS Vanguard Total Intl Stock | Add +7.2% | 9.54% | −0.54 |
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 |