Silphium Asset Management Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Silphium Asset Management Ltd reported 46 stock positions worth $235.9 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 39.9% of the portfolio, followed by Vanguard Ftse Pacific ETF (VPL, 6.8%) and Nvidia (NVDA, 3.6%). Compared with Q3 2025, it opened 22 new positions, sold out of 14, added to 3 and reduced 21. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +29%) and the biggest sale an exit from Vanguard Total Intl Stock (VXUS).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001758440
- Portfolio Value
- $235.9M (Q4 2025)
- SEC Filing
- 0000919574-26-000476 ↗ filed Jan 27, 2026
Holdings Value
Holdings 46 stocks · $235.9M
| VOO Vanguard S&P 500 ETF | 39.88% | 150,000 | $94.1M | Add +28.7% |
| VPL Vanguard Ftse Pacific ETF | 6.84% | 178,600 | $16.1M | New |
| NVDA Nvidia Corp. | 3.62% | 45,749 | $8.5M | Reduce -31.9% |
| MSFT Microsoft Corp. | 3.25% | 15,855 | $7.7M | Reduce -32.7% |
| VGK Vanguard Ftse Europe ETF | 3.17% | 89,300 | $7.5M | New |
| GOOGL Alphabet Inc. Class A | 2.98% | 22,437 | $7.0M | Reduce -55.2% |
| AAPL Apple Inc. | 2.75% | 23,820 | $6.5M | Reduce -34.4% |
| EWJ iShares MSCI Japan ETF | 2.73% | 79,761 | $6.4M | Add +111.0% |
| AMZN Amazon.com Inc. | 2.47% | 25,288 | $5.8M | Reduce -26.9% |
| FXI iShares China Large-Cap ETF | 2.25% | 138,400 | $5.3M | Reduce -13.8% |
| KBWB Invesco KBW Bank ETF | 2.14% | 59,806 | $5.0M | Add +16.1% |
| BBCA JPMorgan Betabuilders Canada | 1.69% | 42,900 | $4.0M | New |
| AVGO Broadcom Inc. | 1.63% | 11,081 | $3.8M | Reduce -1.9% |
| META Meta Platforms Inc. Class A | 1.60% | 5,719 | $3.8M | Reduce -48.0% |
| XLF SS Financial Select Sector | 1.39% | 59,800 | $3.3M | New |
| XLV SS Health Care Select Sector | 1.38% | 20,975 | $3.2M | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.36% | 74,960 | $3.2M | New |
| LLY Eli Lilly & Co. | 1.09% | 2,385 | $2.6M | Reduce -50.1% |
| WMT Walmart Inc. | 1.07% | 22,614 | $2.5M | Reduce -19.5% |
| MA Mastercard Inc. Class A | 0.93% | 3,853 | $2.2M | Reduce -55.2% |
| XLE SS Energy Select Sector | 0.93% | 48,970 | $2.2M | New |
| COST Costco Wholesale Corp. | 0.83% | 2,268 | $2.0M | Reduce -57.9% |
| EQT Eqt Corp. | 0.83% | 36,478 | $2.0M | New |
| ROK Rockwell Automation Inc. | 0.76% | 4,609 | $1.8M | New |
| KRE SS SPDR S&P Regional Bank | 0.73% | 26,518 | $1.7M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.72% | 11,132 | $1.7M | Reduce -64.2% |
| ETN Eaton Corp. PLC | 0.72% | 5,330 | $1.7M | Reduce -63.1% |
| IQV Iqvia Holdings Inc. | 0.69% | 7,220 | $1.6M | New |
| CME Cme Group Inc. | 0.69% | 5,933 | $1.6M | Reduce -43.8% |
| COPX Global X Copper Miners ETF | 0.68% | 22,400 | $1.6M | New |
| TER Teradyne Inc. | 0.68% | 8,300 | $1.6M | New |
| MCK McKesson Corp. | 0.68% | 1,951 | $1.6M | Reduce -49.2% |
| WM Waste Management Inc. | 0.67% | 7,204 | $1.6M | Reduce -44.2% |
| CP Canadian Pacific Kansas City | 0.66% | 21,066 | $1.6M | Reduce -57.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.57% | 4,568 | $1.4M | New |
| CACI Caci International Inc. Class A | 0.57% | 2,532 | $1.3M | Reduce -29.3% |
| APH Amphenol Corp. Class A | 0.57% | 9,900 | $1.3M | New |
| INTU Intuit Inc. | 0.56% | 2,007 | $1.3M | Reduce -66.5% |
| HQY Healthequity Inc. | 0.52% | 13,478 | $1.2M | Reduce -44.8% |
| XLB SS Materials Select Sector | 0.52% | 27,125 | $1.2M | New |
| JCI Johnson Controls Internation | 0.48% | 9,493 | $1.1M | New |
| ISRG Intuitive Surgical Inc. | 0.44% | 1,835 | $1.0M | New |
| MGA Magna International Inc. | 0.38% | 16,700 | $890K | New |
| ODFL Old Dominion Freight Line | 0.33% | 4,963 | $778K | New |
| IBKR Interactive Brokers Gro Class A | 0.30% | 10,847 | $698K | New |
| TRMB Trimble Inc. | 0.29% | 8,634 | $676K | New |
Portfolio Sells Q3 2025 → Q4 2025
| VXUS Vanguard Total Intl Stock | Sold out | 0.00% | −9.54 |
| IAGG iShares Intl Aggregate Bond | Sold out | 0.00% | −7.12 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Sold out | 0.00% | −6.41 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −4.14 |
| GOVT iShares US Treasury Bond ETF | Sold out | 0.00% | −3.36 |
| URTH iShares MSCI World ETF | Sold out | 0.00% | −1.96 |
| VCLT Vanguard Long-Term Corp. Bond | Sold out | 0.00% | −1.84 |
| HD Home Depot Inc. | Sold out | 0.00% | −1.62 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −1.34 |
| FISV Fiserv Inc. | Sold out | 0.00% | −1.14 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −1.02 |
| ETN Eaton Corp. PLC | Reduce -63.1% | 0.72% | −0.88 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.84 |
| META Meta Platforms Inc. Class A | Reduce -48.0% | 1.60% | −0.79 |
| RACE Ferrari NV | Sold out | 0.00% | −0.76 |
| COST Costco Wholesale Corp. | Reduce -57.9% | 0.83% | −0.65 |
| INTU Intuit Inc. | Reduce -66.5% | 0.56% | −0.65 |
| GOOGL Alphabet Inc. Class A | Reduce -55.2% | 2.98% | −0.63 |
| TJX TJX Companies Inc. | Reduce -64.2% | 0.72% | −0.60 |
| MA Mastercard Inc. Class A | Reduce -55.2% | 0.93% | −0.51 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.49 |
| CP Canadian Pacific Kansas City | Reduce -57.5% | 0.66% | −0.43 |
| MSFT Microsoft Corp. | Reduce -32.7% | 3.25% | −0.36 |
| MCK McKesson Corp. | Reduce -49.2% | 0.68% | −0.20 |
| WM Waste Management Inc. | Reduce -44.2% | 0.67% | −0.17 |
| HQY Healthequity Inc. | Reduce -44.8% | 0.52% | −0.16 |
| CME Cme Group Inc. | Reduce -43.8% | 0.69% | −0.16 |
| NVDA Nvidia Corp. | Reduce -31.9% | 3.62% | −0.09 |
| LLY Eli Lilly & Co. | Reduce -50.1% | 1.09% | +0.01 |
| AAPL Apple Inc. | Reduce -34.4% | 2.75% | +0.01 |
| CACI Caci International Inc. Class A | Reduce -29.3% | 0.57% | +0.04 |
| WMT Walmart Inc. | Reduce -19.5% | 1.07% | +0.21 |
| AMZN Amazon.com Inc. | Reduce -26.9% | 2.47% | +0.23 |
| FXI iShares China Large-Cap ETF | Reduce -13.8% | 2.25% | +0.29 |
| AVGO Broadcom Inc. | Reduce -1.9% | 1.63% | +0.52 |
Portfolio Buys Q3 2025 → Q4 2025
| VOO Vanguard S&P 500 ETF | Add +28.7% | 39.88% | +18.77 |
| VPL Vanguard Ftse Pacific ETF | New | 6.84% | +6.84 |
| VGK Vanguard Ftse Europe ETF | New | 3.17% | +3.17 |
| EWJ iShares MSCI Japan ETF | Add +111.0% | 2.73% | +1.83 |
| BBCA JPMorgan Betabuilders Canada | New | 1.69% | +1.69 |
| XLF SS Financial Select Sector | New | 1.39% | +1.39 |
| XLV SS Health Care Select Sector | New | 1.38% | +1.38 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 1.36% | +1.36 |
| KBWB Invesco KBW Bank ETF | Add +16.1% | 2.14% | +0.95 |
| XLE SS Energy Select Sector | New | 0.93% | +0.93 |
| EQT Eqt Corp. | New | 0.83% | +0.83 |
| ROK Rockwell Automation Inc. | New | 0.76% | +0.76 |
| KRE SS SPDR S&P Regional Bank | New | 0.73% | +0.73 |
| IQV Iqvia Holdings Inc. | New | 0.69% | +0.69 |
| COPX Global X Copper Miners ETF | New | 0.68% | +0.68 |
| TER Teradyne Inc. | New | 0.68% | +0.68 |
| IBM Intl Business Machines Corp. | New | 0.57% | +0.57 |
| APH Amphenol Corp. Class A | New | 0.57% | +0.57 |
| XLB SS Materials Select Sector | New | 0.52% | +0.52 |
| JCI Johnson Controls Internation | New | 0.48% | +0.48 |
| ISRG Intuitive Surgical Inc. | New | 0.44% | +0.44 |
| MGA Magna International Inc. | New | 0.38% | +0.38 |
| ODFL Old Dominion Freight Line | New | 0.33% | +0.33 |
| IBKR Interactive Brokers Gro Class A | New | 0.30% | +0.30 |
| TRMB Trimble Inc. | New | 0.29% | +0.29 |
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 |