Silphium Asset Management Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 5, 2026), Silphium Asset Management Ltd reported 48 stock positions worth $264.0 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 46.8% of the portfolio, followed by Vanguard Ftse Pacific ETF (VPL, 7.5%) and iShares MSCI World ETF (URTH, 4.7%). Compared with Q4 2025, it opened 10 new positions, sold out of 8, added to 11 and reduced 27. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +38%) and the biggest sale Microsoft (MSFT, shares −11%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001758440
- Portfolio Value
- $264.0M (Q1 2026)
- SEC Filing
- 0000919574-26-002639 ↗ filed May 5, 2026
Holdings Value
Holdings 48 stocks · $264.0M
| VOO Vanguard S&P 500 ETF | 46.84% | 206,920 | $123.6M | Add +38.0% |
| VPL Vanguard Ftse Pacific ETF | 7.50% | 202,700 | $19.8M | Add +13.5% |
| URTH iShares MSCI World ETF | 4.65% | 68,200 | $12.3M | New |
| FXI iShares China Large-Cap ETF | 3.57% | 262,400 | $9.4M | Add +89.6% |
| VGK Vanguard Ftse Europe ETF | 3.17% | 101,400 | $8.4M | Add +13.6% |
| NVDA Nvidia Corp. | 2.68% | 40,569 | $7.1M | Reduce -11.3% |
| EWJ iShares MSCI Japan ETF | 2.13% | 66,461 | $5.6M | Reduce -16.7% |
| BBCA JPMorgan Betabuilders Canada | 2.07% | 58,000 | $5.5M | Add +35.2% |
| MSFT Microsoft Corp. | 1.98% | 14,155 | $5.2M | Reduce -10.7% |
| GOOGL Alphabet Inc. Class A | 1.93% | 17,710 | $5.1M | Reduce -21.1% |
| AAPL Apple Inc. | 1.92% | 19,920 | $5.1M | Reduce -16.4% |
| KBWB Invesco KBW Bank ETF | 1.72% | 57,406 | $4.5M | Reduce -4.0% |
| AMZN Amazon.com Inc. | 1.66% | 21,088 | $4.4M | Reduce -16.6% |
| XLV SS Health Care Select Sector | 1.44% | 25,895 | $3.8M | Add +23.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.39% | 79,787 | $3.7M | Add +6.4% |
| XLE SS Energy Select Sector | 1.32% | 56,920 | $3.5M | Add +16.2% |
| META Meta Platforms Inc. Class A | 1.27% | 5,859 | $3.4M | Add +2.5% |
| AVGO Broadcom Inc. | 1.08% | 9,241 | $2.9M | Reduce -16.6% |
| XLF SS Financial Select Sector | 0.93% | 49,800 | $2.5M | Reduce -16.7% |
| XLB SS Materials Select Sector | 0.83% | 43,925 | $2.2M | Add +61.9% |
| LLY Eli Lilly & Co. | 0.81% | 2,335 | $2.1M | Reduce -2.1% |
| WMT Walmart Inc. | 0.74% | 15,714 | $2.0M | Reduce -30.5% |
| COST Costco Wholesale Corp. | 0.72% | 1,908 | $1.9M | Reduce -15.9% |
| COPX Global X Copper Miners ETF | 0.54% | 18,500 | $1.4M | Reduce -17.4% |
| MCK McKesson Corp. | 0.53% | 1,631 | $1.4M | Reduce -16.4% |
| ETN Eaton Corp. PLC | 0.50% | 3,715 | $1.3M | Reduce -30.3% |
| CME Cme Group Inc. | 0.47% | 4,193 | $1.2M | Reduce -29.3% |
| CAT Caterpillar Inc. | 0.46% | 1,723 | $1.2M | New |
| EQT Eqt Corp. | 0.42% | 17,578 | $1.1M | Reduce -51.8% |
| MGA Magna International Inc. | 0.42% | 20,000 | $1.1M | Add +19.8% |
| ROST Ross Stores Inc. | 0.42% | 5,070 | $1.1M | New |
| TER Teradyne Inc. | 0.39% | 3,490 | $1.0M | Reduce -58.0% |
| APH Amphenol Corp. Class A | 0.36% | 7,620 | $963K | Reduce -23.0% |
| KRE SS SPDR S&P Regional Bank | 0.31% | 12,718 | $829K | Reduce -52.0% |
| MA Mastercard Inc. Class A | 0.28% | 1,493 | $746K | Reduce -61.3% |
| MU Micron Technology Inc. | 0.26% | 2,035 | $688K | New |
| WM Waste Management Inc. | 0.25% | 2,854 | $656K | Reduce -60.4% |
| ISRG Intuitive Surgical Inc. | 0.25% | 1,422 | $656K | Reduce -22.5% |
| BA The Boeing Co. | 0.24% | 3,200 | $637K | New |
| ODFL Old Dominion Freight Line | 0.22% | 3,028 | $592K | Reduce -39.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.19% | 3,222 | $515K | Reduce -71.1% |
| IBKR Interactive Brokers Gro Class A | 0.19% | 7,547 | $506K | Reduce -30.4% |
| NOK Nokia Corp.-Spon ADR | 0.19% | 62,100 | $499K | New |
| CP Canadian Pacific Kansas City | 0.19% | 6,316 | $497K | Reduce -70.0% |
| XHB SS SPDR S&P Homebldrs ETF | 0.16% | 4,392 | $434K | New |
| AMD Advanced Micro Devices | 0.16% | 2,120 | $431K | New |
| INTC Intel Corp. | 0.14% | 8,200 | $362K | New |
| SOLS Solstice Adv Materials Inc. | 0.08% | 2,700 | $206K | New |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -10.7% | 1.98% | −1.27 |
| GOOGL Alphabet Inc. Class A | Reduce -21.1% | 1.93% | −1.05 |
| NVDA Nvidia Corp. | Reduce -11.3% | 2.68% | −0.94 |
| AAPL Apple Inc. | Reduce -16.4% | 1.92% | −0.83 |
| AMZN Amazon.com Inc. | Reduce -16.6% | 1.66% | −0.81 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.76 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.69 |
| MA Mastercard Inc. Class A | Reduce -61.3% | 0.28% | −0.65 |
| EWJ iShares MSCI Japan ETF | Reduce -16.7% | 2.13% | −0.60 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.57 |
| CACI Caci International Inc. Class A | Sold out | 0.00% | −0.57 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.56 |
| AVGO Broadcom Inc. | Reduce -16.6% | 1.08% | −0.54 |
| TJX TJX Companies Inc. | Reduce -71.1% | 0.19% | −0.53 |
| HQY Healthequity Inc. | Sold out | 0.00% | −0.52 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.48 |
| CP Canadian Pacific Kansas City | Reduce -70.0% | 0.19% | −0.47 |
| XLF SS Financial Select Sector | Reduce -16.7% | 0.93% | −0.46 |
| WM Waste Management Inc. | Reduce -60.4% | 0.25% | −0.42 |
| KBWB Invesco KBW Bank ETF | Reduce -4.0% | 1.72% | −0.42 |
| KRE SS SPDR S&P Regional Bank | Reduce -52.0% | 0.31% | −0.41 |
| EQT Eqt Corp. | Reduce -51.8% | 0.42% | −0.41 |
| WMT Walmart Inc. | Reduce -30.5% | 0.74% | −0.33 |
| TER Teradyne Inc. | Reduce -58.0% | 0.39% | −0.29 |
| TRMB Trimble Inc. | Sold out | 0.00% | −0.29 |
| LLY Eli Lilly & Co. | Reduce -2.1% | 0.81% | −0.27 |
| CME Cme Group Inc. | Reduce -29.3% | 0.47% | −0.22 |
| ETN Eaton Corp. PLC | Reduce -30.3% | 0.50% | −0.22 |
| APH Amphenol Corp. Class A | Reduce -23.0% | 0.36% | −0.20 |
| ISRG Intuitive Surgical Inc. | Reduce -22.5% | 0.25% | −0.19 |
| COPX Global X Copper Miners ETF | Reduce -17.4% | 0.54% | −0.15 |
| MCK McKesson Corp. | Reduce -16.4% | 0.53% | −0.14 |
| COST Costco Wholesale Corp. | Reduce -15.9% | 0.72% | −0.11 |
| ODFL Old Dominion Freight Line | Reduce -39.0% | 0.22% | −0.11 |
| IBKR Interactive Brokers Gro Class A | Reduce -30.4% | 0.19% | −0.10 |
Portfolio Buys Q4 2025 → Q1 2026
| VOO Vanguard S&P 500 ETF | Add +38.0% | 46.84% | +6.96 |
| URTH iShares MSCI World ETF | New | 4.65% | +4.65 |
| FXI iShares China Large-Cap ETF | Add +89.6% | 3.57% | +1.32 |
| VPL Vanguard Ftse Pacific ETF | Add +13.5% | 7.50% | +0.66 |
| CAT Caterpillar Inc. | New | 0.46% | +0.46 |
| ROST Ross Stores Inc. | New | 0.42% | +0.42 |
| XLE SS Energy Select Sector | Add +16.2% | 1.32% | +0.39 |
| BBCA JPMorgan Betabuilders Canada | Add +35.2% | 2.07% | +0.38 |
| XLB SS Materials Select Sector | Add +61.9% | 0.83% | +0.31 |
| MU Micron Technology Inc. | New | 0.26% | +0.26 |
| BA The Boeing Co. | New | 0.24% | +0.24 |
| NOK Nokia Corp.-Spon ADR | New | 0.19% | +0.19 |
| XHB SS SPDR S&P Homebldrs ETF | New | 0.16% | +0.16 |
| AMD Advanced Micro Devices | New | 0.16% | +0.16 |
| INTC Intel Corp. | New | 0.14% | +0.14 |
| SOLS Solstice Adv Materials Inc. | New | 0.08% | +0.08 |
| XLV SS Health Care Select Sector | Add +23.5% | 1.44% | +0.06 |
| MGA Magna International Inc. | Add +19.8% | 0.42% | +0.05 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +6.4% | 1.39% | +0.03 |
| VGK Vanguard Ftse Europe ETF | Add +13.6% | 3.17% | +0.00 |
| META Meta Platforms Inc. Class A | Add +2.5% | 1.27% | −0.33 |
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 |