Aster Capital Management (DIFC) Ltd

Diversified mechanical Mechanical CIK 2040915
League rank
#205
in Diversified mechanical · #5145 overall
Long book
$306.0M
Q1 2026
Positions
809
Top-10 weight
26%
concentration
Last quarter
+10.0%
SPY +14.8%
Turnover
73%
of book per quarter

Strategy in plain words

auto-generated from filings

Aster Capital Management (DIFC) Ltd is a mechanically diversified allocator, running a $306.0M US long book across 809 positions.

The portfolio is moderately concentrated (top 10 ≈ 26% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ISHARES RUSSELL 2000 ETF, SS SPDR S&P INSURANCE ETF, SS SPDR S&P HOMEBLDRS ETF, ST SR UTL SL SE SPDR ETF-USD, SS HEALTH CARE SELECT SECTOR.

Over the last 7 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 3 of 7 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q3 2024
-0.1%
Q4 2024
-3.6%
Q1 2025
+6.9%
Q2 2025
+10.6%
Q3 2025
+1.8%
Q4 2025
-1.2%
Q1 2026
+10.0%

Sector allocation

Financials
23%
Technology
13%
Industrials
12%
Energy
11%
Consumer discretionary
9%
Other
8%
Services media
6%
Consumer staples
5%

Long book by quarter

$461.9M
Q3 2024
$261.9M
Q4 2024
$540.2M
Q1 2025
$441.4M
Q2 2025
$198.0M
Q3 2025
$228.3M
Q4 2025
$306.0M
Q1 2026

What does Aster Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CCEP COCA-COLA EUROPACIFIC PARTNEConsumer staples68.9K$6.0M2.0%New
WMT WALMART INCConsumer discretionary61.5K$5.4M1.8%-39.8%
BLK BLACKROCK INCFinancials5.1K$4.8M1.6%New
USB US BANCORPFinancials102.0K$4.3M1.4%+856.6%
MPLX MPLX LPEnergy74.5K$4.0M1.3%New
PAA PLAINS ALL AMER PIPELINE LPEnergy175.3K$3.5M1.1%New
RDN RADIAN GROUP INCFinancials99.2K$3.3M1.1%New
CRC CALIFORNIA RESOURCES CORPEnergy72.0K$3.2M1.0%+82608.0%
CFG CITIZENS FINANCIAL GROUPFinancials75.3K$3.1M1.0%New
FSK FS KKR CAPITAL CORP144.7K$3.0M1.0%New
MA MASTERCARD INC - AServices media5.5K$3.0M1.0%+137.2%
XOM EXXON MOBIL CORPEnergy24.9K$3.0M1.0%New
SLM SLM CORPFinancials98.4K$2.9M0.9%New
BAM BROOKFIELD ASSET MGMT-AFinancials58.3K$2.8M0.9%+2413.6%
MTG MGIC INVESTMENT CORPFinancials106.5K$2.6M0.9%New
PFE PFIZER INCHealthcare98.9K$2.5M0.8%+195.7%
META META PLATFORMS INC-CLASS ATechnology4.2K$2.4M0.8%New
MGY MAGNOLIA OIL & GAS CORP - AEnergy95.5K$2.4M0.8%+2175.4%
SHOP SHOPIFY INC - CLASS ATechnology22.0K$2.1M0.7%New
QRVO QORVO INCTechnology27.4K$2.0M0.6%New
MTB M & T BANK CORPFinancials10.4K$1.9M0.6%+10574.2%
KEY KEYCORPFinancials110.2K$1.8M0.6%+923.3%
AIG AMERICAN INTERNATIONAL GROUPFinancials19.9K$1.7M0.6%New
ZION ZIONS BANCORP NAFinancials34.7K$1.7M0.6%+845.0%
MSFT MICROSOFT CORPTechnology4.6K$1.7M0.6%-43.9%
CNH CNH INDUSTRIAL NVIndustrials133.3K$1.6M0.5%+527.9%
EPD ENTERPRISE PRODUCTS PARTNERSUtilities44.3K$1.5M0.5%New
MDLZ MONDELEZ INTERNATIONAL INC-AConsumer staples22.1K$1.5M0.5%+1993.8%
ALLE ALLEGION PLCServices media10.6K$1.4M0.5%+796.8%
SM SM ENERGY COEnergy45.7K$1.4M0.4%+22654.2%
PPLI PEOPLE INCTechnology29.5K$1.4M0.4%New
PG PROCTER & GAMBLE CO/THEOther7.9K$1.3M0.4%New
TMUS T-MOBILE US INCCommunications5.0K$1.3M0.4%New
MCD MCDONALD'S CORPConsumer discretionary4.3K$1.3M0.4%+279.0%
CTAS CINTAS CORPOther6.3K$1.3M0.4%+334.0%
AGI ALAMOS GOLD INC-CLASS AMaterials47.9K$1.3M0.4%New
CAT CATERPILLAR INCIndustrials3.8K$1.3M0.4%New
HBAN HUNTINGTON BANCSHARES INCFinancials82.7K$1.2M0.4%+139.1%
SARO STANDARDAERO INCIndustrials46.3K$1.2M0.4%+1162.6%
CMCSA COMCAST CORP-CLASS ACommunications32.5K$1.2M0.4%-81.3%
LBRT LIBERTY ENERGY INCEnergy75.4K$1.2M0.4%+1411.6%
KO COCA-COLA CO/THEConsumer staples16.6K$1.2M0.4%New
EXLS EXLSERVICE HOLDINGS INCServices media24.5K$1.2M0.4%+354.2%
WOR WORTHINGTON ENTERPRISES INCIndustrials22.6K$1.1M0.4%New
CVX CHEVRON CORPEnergy6.7K$1.1M0.4%+493.4%
GRMN GARMIN LTDTechnology5.1K$1.1M0.4%+4128.3%
NVDA NVIDIA CORPTechnology9.8K$1.1M0.3%-40.5%
EXPD EXPEDITORS INTL WASH INCIndustrials8.8K$1.1M0.3%+148.2%
LIN LINDE PLCMaterials2.3K$1.1M0.3%New
CHRW C.H. ROBINSON WORLDWIDE INCIndustrials10.2K$1.0M0.3%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 13, 2026809$306.0M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20261054$228.3M canonicalSEC ↗
Q3 202513F-HRNov 12, 2025930$198.0M canonicalSEC ↗
Q2 202513F-HRAug 14, 2025974$441.4M canonicalSEC ↗
Q1 202513F-HRMay 15, 20251201$540.2M canonicalSEC ↗
Q4 202413F-HRFeb 13, 20251076$261.9M canonicalSEC ↗
Q3 202413F-HRNov 13, 20241075$461.9M canonicalSEC ↗