QSM Asset Management Ltd
Long book
$204.2M
Q1 2026
Positions
25
Top-10 weight
58%
concentration
Last quarter
+12.3%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsQSM Asset Management Ltd is a concentrated fundamental stock-picker, running a $204.2M US long book across 25 positions.
The portfolio is concentrated: the top 10 names carry 58% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: OCCIDENTAL PETROLEUM CORP, PFIZER INC, ZIMMER BIOMET HOLDINGS INC, VIATRIS INC, RIO TINTO PLC-SPON ADR.
Over the last 6 quarters its long book ran on average 3.2pp per quarter behind the S&P 500, beating the index in 1 of 6 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-11.4%
Q1 2025
-9.8%
Q2 2025
+4.7%
Q3 2025
-0.4%
Q4 2025
+12.8%
Q1 2026
+12.3%
Sector allocation
Healthcare 26%
Energy 18%
Industrials 12%
Services media 10%
Technology 10%
Other 9%
Materials 7%
Consumer staples 6%
Long book by quarter
What does QSM Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 208.4K | $14.0M | 6.9% | -3.0% |
| PFE PFIZER INC | Healthcare | 491.6K | $13.7M | 6.7% | -3.0% |
| ZBH ZIMMER BIOMET HOLDINGS INC | Healthcare | 154.4K | $13.7M | 6.7% | +17.4% |
| VTRS VIATRIS INC | Healthcare | 996.1K | $13.3M | 6.5% | -25.1% |
| FANG DIAMONDBACK ENERGY INC | Energy | 59.2K | $12.0M | 5.9% | -3.0% |
| CAG CONAGRA BRANDS INC | Consumer staples | 683.7K | $10.7M | 5.2% | -3.0% |
| CNH CNH INDUSTRIAL NV | Industrials | 949.9K | $10.1M | 5.0% | -3.0% |
| INTC INTEL CORP | Technology | 233.9K | $10.0M | 4.9% | -35.6% |
| BAX BAXTER INTERNATIONAL INC | Healthcare | 567.9K | $9.2M | 4.5% | +66.7% |
| EMN EASTMAN CHEMICAL CO | Materials | 116.7K | $8.8M | 4.3% | -3.0% |
| PYPL PAYPAL HOLDINGS INC | Services media | 192.1K | $8.7M | 4.2% | +67.8% |
| HAL HALLIBURTON CO | Energy | 212.1K | $8.5M | 4.2% | New |
| MHK MOHAWK INDUSTRIES INC | Other | 86.1K | $8.4M | 4.1% | -3.0% |
| MAN MANPOWERGROUP INC | Services media | 197.1K | $5.9M | 2.9% | New |
| AA ALCOA CORP | Industrials | 87.3K | $5.8M | 2.8% | -3.0% |
| CE CELANESE CORP | Materials | 82.2K | $5.5M | 2.7% | -3.0% |
| RHI ROBERT HALF INC | Services media | 202.8K | $5.2M | 2.5% | New |
| VFC VF CORP | Other | 280.0K | $4.7M | 2.3% | -19.2% |
| ACLS AXCELIS TECHNOLOGIES INC | Industrials | 51.6K | $4.6M | 2.3% | -3.0% |
| IPGP IPG PHOTONICS CORP | Technology | 38.6K | $4.3M | 2.1% | -25.5% |
| NWL NEWELL BRANDS INC | Other | 1.3M | $4.3M | 2.1% | +17.0% |
| MBLY MOBILEYE GLOBAL INC-A | Technology | 611.0K | $4.1M | 2.0% | New |
| VSTS VESTIS CORP | Consumer discretionary | 442.4K | $3.4M | 1.7% | +16.4% |
| WHR WHIRLPOOL CORP | Industrials | 56.7K | $3.0M | 1.5% | +40.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 15, 2026 | 25 | $204.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 15, 2026 | 21 | $174.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 16, 2025 | 20 | $140.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 15, 2025 | 17 | $108.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 24, 2025 | 18 | $133.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 28, 2025 | 17 | $116.4M | canonical | SEC ↗ |
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