Windmill Hill Asset Management Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Windmill Hill Asset Management Ltd reported 26 stock positions worth $426.9 million. Its top holding was SS SPDR S&P 500 Foss FL ETF (SPYX) at 83.5% of the portfolio, followed by State Street SPDR MSCI Eafe (EFAX, 2.7%) and General Electric (GE, 2.3%). Compared with Q3 2025, it opened 4 new positions, sold out of 2, added to 2 and reduced 8. The biggest buy was a new position in State Street SPDR MSCI Eafe (EFAX) and the biggest sale an exit from Centessa Pharmaceuticals (CNTA).
- Most Recent 13F
- Q2 2026
- Location
- WADDESDON, X0
- CIK
- 0001831132
- Portfolio Value
- $426.9M (Q4 2025)
- SEC Filing
- 0001831132-26-000001 ↗ filed Feb 6, 2026
Holdings Value
Holdings 26 stocks · $426.9M
| SPYX SS SPDR S&P 500 Foss FL ETF | 83.48% | 6,341,875 | $356.3M | Add +6.9% |
| EFAX State Street SPDR MSCI Eafe | 2.69% | 227,939 | $11.5M | New |
| GE General Electric filed as GE AEROSPACE | 2.28% | 31,658 | $9.8M | Reduce -0.8% |
| V Visa Inc. Class A | 1.65% | 20,075 | $7.0M | Reduce -1.1% |
| MSFT Microsoft Corp. | 1.38% | 12,175 | $5.9M | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 1.29% | 17,581 | $5.5M | No change |
| EEMX State Street SPDR MSCI Emerg | 1.14% | 114,575 | $4.9M | New |
| MCO Moody's Corp. | 1.12% | 9,340 | $4.8M | Reduce -1.6% |
| SPGI S&P Global Inc. | 0.97% | 7,907 | $4.1M | Reduce -0.7% |
| URA Global X Uranium ETF | 0.84% | 84,163 | $3.6M | Reduce -2.1% |
| CP Canadian Pacific Kansas City | 0.62% | 36,205 | $2.7M | Reduce -1.5% |
| RKLB Rocket Lab Corp. | 0.36% | 22,089 | $1.5M | No change |
| CCJ Cameco Corp. | 0.20% | 9,328 | $853K | Reduce -24.0% |
| VCTR Victory Capital Holding - A | 0.20% | 13,329 | $841K | No change |
| VALE Vale SA-SP ADR | 0.19% | 61,344 | $799K | No change |
| IOT Samsara Inc. Class A | 0.19% | 22,456 | $796K | No change |
| CVNA Carvana Co. | 0.18% | 1,836 | $775K | New |
| FCX Freeport-McMoran Inc. | 0.18% | 15,020 | $763K | No change |
| CXM Sprinklr Inc. Class A | 0.18% | 97,318 | $757K | No change |
| XOM Exxon Mobil Corp. | 0.15% | 5,288 | $636K | No change |
| MOS The Mosaic Co. | 0.13% | 23,208 | $559K | No change |
| COP Conocophillips | 0.13% | 5,968 | $559K | No change |
| SLB SLB Ltd. filed as SLB LIMITED | 0.13% | 14,229 | $546K | No change |
| LND Brasilagro-Cia Bra - SPN ADR | 0.12% | 141,796 | $508K | Add +100.0% |
| FIG Figma Inc. Class A | 0.12% | 13,274 | $496K | New |
| DASH DoorDash Inc. Class A | 0.08% | 1,565 | $354K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| CNTA Centessa Pharmaceuticals Ltd. | Sold out | 0.00% | −1.04 |
| MSFT Microsoft Corp. | Reduce -1.3% | 1.38% | −0.30 |
| GE General Electric | Reduce -0.8% | 2.28% | −0.23 |
| URA Global X Uranium ETF | Reduce -2.1% | 0.84% | −0.23 |
| V Visa Inc. Class A | Reduce -1.1% | 1.65% | −0.17 |
| TECX Tectonic Therapeutic Inc. | Sold out | 0.00% | −0.16 |
| CP Canadian Pacific Kansas City | Reduce -1.5% | 0.62% | −0.09 |
| CCJ Cameco Corp. | Reduce -24.0% | 0.20% | −0.07 |
| MCO Moody's Corp. | Reduce -1.6% | 1.12% | −0.07 |
| SPGI S&P Global Inc. | Reduce -0.7% | 0.97% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $448.1M | SPYX, EEMX, EFAX, GE, V |
| Q1 2026 | 23 | $320.7M | SPYX, EEMX, EFAX, GE, V |
| Q4 2025 | 26 | $426.9M | SPYX, EFAX, GE, V, MSFT |
| Q3 2025 | 24 | $381.4M | SPYX, GE, V, MSFT, MCO |
| Q2 2025 | 26 | $363.1M | SPYX, GE, HOOD, MSFT, OKLO |
| Q1 2025 | 26 | $323.1M | SPYX, GE, MSFT, MCO, GOOGL |
| Q4 2024Amended | 27 | $305.6M | SPYX, GOOGL, GE, MCO, MSFT |
| Q3 2024 | 24 | $187.2M | SPYX, GOOGL, URA, GE, MCO |
| Q2 2024 | 27 | $238.3M | SPYX, URA, GOOGL, PLTR, GE |
| Q1 2024 | 27 | $279.3M | SPYX, NU, URA, GOOGL, PLTR |