Stenham Asset Management (UK) Plc
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Stenham Asset Management (UK) Plc reported 15 stock positions worth $79.7 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 9.6% of the portfolio, followed by Microsoft (MSFT, 8.9%) and Amazon.com (AMZN, 8.6%). Compared with Q3 2025, it sold out of 1, added to 4 and reduced 11. The biggest buy was Visa Class A (V, shares +24%) and the biggest sale an exit from Zoetis (ZTS).
- Most Recent 13F
- Q1 2026
- Location
- LONDON, X0
- CIK
- 0002093782
- Portfolio Value
- $79.7M (Q4 2025)
- SEC Filing
- 0001214659-26-001987 ↗ filed Feb 17, 2026
Holdings Value
Holdings 15 stocks · $79.7M
| TSM Taiwan Semiconductor-SP ADR | 9.60% | 25,200 | $7.7M | Reduce -18.1% |
| MSFT Microsoft Corp. | 8.92% | 14,700 | $7.1M | Reduce -13.5% |
| AMZN Amazon.com Inc. | 8.60% | 29,700 | $6.9M | Reduce -4.2% |
| UNP Union Pacific Corp. | 8.10% | 27,917 | $6.5M | Reduce -3.9% |
| HLT Hilton Worldwide Holdings Inc. | 7.26% | 20,150 | $5.8M | Reduce -7.8% |
| DHR Danaher Corp. | 7.22% | 25,150 | $5.8M | Reduce -17.5% |
| V Visa Inc. Class A | 6.51% | 14,800 | $5.2M | Add +24.4% |
| MA Mastercard Inc. Class A | 6.48% | 9,050 | $5.2M | Reduce -35.6% |
| RACE Ferrari NV | 6.19% | 13,350 | $4.9M | Add +6.4% |
| AFG American Financial Group Inc. | 5.95% | 34,700 | $4.7M | Reduce -16.0% |
| FERG Ferguson Enterprises Inc. | 5.64% | 20,200 | $4.5M | Add +14.8% |
| CME Cme Group Inc. | 5.26% | 15,350 | $4.2M | Reduce -14.3% |
| META Meta Platforms Inc. Class A | 4.93% | 5,950 | $3.9M | Add +10.2% |
| SNPS Synopsys Inc. | 4.68% | 7,950 | $3.7M | Reduce -6.5% |
| GE General Electric filed as GE AEROSPACE | 4.67% | 12,100 | $3.7M | Reduce -23.7% |
Options reported separately and not counted above: TSM puts ($10.0M).
Portfolio Sells Q3 2025 → Q4 2025
| ZTS Zoetis Inc. | Sold out | 0.00% | −5.39 |
| MA Mastercard Inc. Class A | Reduce -35.6% | 6.48% | −2.05 |
| MSFT Microsoft Corp. | Reduce -13.5% | 8.92% | −0.48 |
| AFG American Financial Group Inc. | Reduce -16.0% | 5.95% | −0.47 |
| GE General Electric | Reduce -23.7% | 4.67% | −0.41 |
| CME Cme Group Inc. | Reduce -14.3% | 5.26% | +0.10 |
| SNPS Synopsys Inc. | Reduce -6.5% | 4.68% | +0.21 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -18.1% | 9.60% | +0.44 |
| DHR Danaher Corp. | Reduce -17.5% | 7.22% | +0.77 |
| UNP Union Pacific Corp. | Reduce -3.9% | 8.10% | +0.77 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -7.8% | 7.26% | +1.21 |
| AMZN Amazon.com Inc. | Reduce -4.2% | 8.60% | +1.33 |