Stenham Asset Management Ltd
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Stenham Asset Management Ltd reported 15 stock positions worth $139.6 million. Its top holding was SPDR Gold Shares (GLD) at 84.9% of the portfolio, followed by Northern Dynasty Minerals (NAK, 2.8%) and York Space Systems (YSS, 2.0%). Compared with Q1 2026, it opened 4 new positions, sold out of 7, added to 2 and reduced 3. The biggest buy was a new position in Sandisk (SNDK) and the biggest sale an exit from Honeywell International (HON).
- Most Recent 13F
- Q2 2026
- Location
- GUERNSEY, Y7
- CIK
- 0001840750
- Portfolio Value
- $139.6M (Q2 2026)
- SEC Filing
- 0001214659-26-010387 ↗ filed Aug 14, 2026
Holdings Value
Holdings 15 stocks · $139.6M
| GLD SPDR Gold Shares | 84.85% | 321,659 | $118.5M | Reduce -1.0% |
| NAK Northern Dynasty Minerals | 2.81% | 2,046,000 | $3.9M | No change |
| YSS York Space Systems Inc. | 1.95% | 110,651 | $2.7M | No change |
| IHAK iShares Cybersecurity & Tech | 1.42% | 32,723 | $2.0M | Add +38.9% |
| TSM Taiwan Semiconductor-SP ADR | 1.38% | 4,047 | $1.9M | Reduce -82.0% |
| SNDK Sandisk Corp. | 1.16% | 710 | $1.6M | New |
| HBM Hudbay Minerals Inc. | 1.11% | 65,600 | $1.5M | New |
| SLV iShares Silver Trust | 1.06% | 27,700 | $1.5M | No change |
| AMZN Amazon.com Inc. | 0.80% | 4,700 | $1.1M | Reduce -87.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.79% | 2,211 | $1.1M | Add +18.4% |
| TKO Tko Group Holdings Inc. | 0.76% | 5,300 | $1.1M | No change |
| MGM MGM Resorts International | 0.72% | 21,000 | $1.0M | New |
| CEF Sprott Physical Gold and Sil | 0.43% | 15,000 | $603K | No change |
| CORZ Core Scientific Inc. | 0.37% | 20,400 | $522K | New |
| PHO Invesco Water Resources ETF | 0.37% | 7,400 | $511K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| HON Honeywell International Inc. | Sold out | 0.00% | −4.11 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −3.69 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −3.33 |
| AMZN Amazon.com Inc. | Reduce -87.7% | 0.80% | −3.07 |
| AER Aercap Holdings NV | Sold out | 0.00% | −2.99 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −2.86 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -82.0% | 1.38% | −2.32 |
| HUT Hut 8 Corp. | Sold out | 0.00% | −1.54 |
| CRH CRH PLC | Sold out | 0.00% | −0.43 |
| GLD SPDR Gold Shares | Reduce -1.0% | 84.85% | +16.93 |