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Windmill Hill Asset Management Ltd 13F Holdings Overview (23 Positions)
Windmill Hill Asset Management LtdCIK: 0001831132
Concentrated strategyMomentum followerSector-focused
Total reported value
$320.7M
Reporting period: 2026-03-31 · Number of holdings: 23
Windmill Hill Asset Management Ltd disclosed 23 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $320.7M and a quarterly turnover rate of 53.3%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 53.27
- Momentum/Contrarian
- 100
- Sector conviction
- 80.76
- Diversification
- 46
- Sizing Uniformity
- 67.93
Windmill Hill Asset Management Ltd's disclosed holdings carry a Herfindahl concentration index of 0.471 — mathematically equivalent to about 2 equally-sized positions, well below its 23 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.21), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 13% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Recent moves
Trim SPYX
-36.4% -$142.5M
Add EEMX
+862.2% $43.8M
Trim MSFT
-76.2% -$4.8M
Add EFAX
0.0% -$159.6K
Add GE
+0.2% -$747.6K
Add GOOGL
+13.8% $248.3K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPYX | Ss Spdr S&p 500 Foss Fl ETF | ETF-Large Cap & Growth | 66.68% | -16.80% | -36.42% | |
| 2 | EEMX | State Street Spdr Msci Emerg | ETF-Other | 15.19% | +14.05% | +862.18% | |
| 3 | EFAX | State Street Spdr Msci Eafe | ETF-Other | 3.54% | +0.85% | — | |
| 4 | GE | General Electric | Stock-Industrials | 2.81% | +0.53% | +0.23% | |
| 5 | V | Visa Inc-class A Shares | Stock-Financials | 1.89% | +0.24% | — | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.79% | +0.50% | +13.76% | |
| 7 | MCO | Moody's CORP | Stock-Financials | 1.48% | +0.36% | +16.83% | |
| 8 | SPGI | S&p Global INC | Stock-Financials | 1.35% | +0.38% | +28.65% | |
| 9 | URA | Global X Uranium ETF | ETF-Other | 1.27% | +0.43% | — | |
| 10 | CP | Canadian Pacific Kansas City | Stock-Industrials | 0.70% | +0.08% | -20.98% | |
| 11 | RKLB | Rocket Lab CORP | Stock-Industrials | 0.44% | +0.08% | — | |
| 12 | MSFT | Microsoft CORP | Stock-Tech | 0.33% | -1.05% | -76.19% | |
| 13 | CCJ | Cameco CORP | Stock-Energy | 0.32% | +0.12% | — | |
| 14 | VALE | Vale Sa-sp Adr | Stock-Materials | 0.30% | +0.11% | — | |
| 15 | XOM | Exxon Mobil CORP | Stock-Energy | 0.28% | +0.13% | — | |
| 16 | FCX | Freeport-mcmoran INC | Stock-Materials | 0.28% | +0.10% | — | |
| 17 | VCTR | Victory Capital Holding - A | Stock-Other | 0.27% | +0.07% | — | |
| 18 | COP | Conocophillips | Stock-Energy | 0.25% | +0.12% | — | |
| 19 | SLB | Slb LTD | Stock-Energy | 0.23% | +0.10% | — | |
| 20 | LND | Brasilagro-cia Bra - Spn Adr | Stock-Other | 0.19% | +0.07% | — | |
| 21 | MOS | Mosaic Co/the | Stock-Materials | 0.18% | +0.05% | — | |
| 22 | FIGR | Figure Technology Solut-cl A | Stock-Other | 0.13% | +0.13% | NEW | |
| 23 | FIG | Figma Inc-cl A | Stock-Other | 0.09% | -0.03% | — |
Portfolio Performance
Performance for Q3 2026
—
Performance Last 4 Quarters
—
Based on 0 months of available history
Based on 10% of reported portfolio value with available pricing
- Stdev
- —
- Beta
- —
- Alpha
- —
- Max Drawdown
- —
- Annualized Perf
- —
- Batting Avg vs S&P
- —
- Sortino
- —
- Stutzer
- —
- Treynor
- —
- Sterling
- —
- Calmar
- —
- Information Ratio
- —
- Tracking Error
- —
- Stdev Down
- —
- Winning Months %
- —
- Losing Months %
- —
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- —
- Sharpe
- —
- Stdev Sectors
- +13.1%
- Skewness
- —
- Kurtosis
- —
- Upside Potential
- —
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 23 | $320.7M | 53 | |
| 2025-12-31 | 26 | $426.9M | 14 | |
| 2025-09-30 | 24 | $381.4M | 22 | |
| 2025-06-30 | 26 | $363.1M | 0 | |
| 2025-03-31 | 26 | $323.1M | 100 | |
| 2024-12-31 | 27 | $305.6M | 0 | |
| 2024-09-30 | 24 | $187.2M | 0 | |
| 2024-06-30 | 27 | $238.3M | 0 | |
| 2024-03-31 | 27 | $279.3M | 0 | |
| 2023-12-31 | 38 | $171.6M | 0 | |
| 2023-09-30 | 31 | $230.7M | 0 | |
| 2023-06-30 | 30 | $223.1M | 0 | |
| 2023-03-31 | 29 | $144.4M | 0 | |
| 2022-12-31 | 31 | $155.5M | 0 | |
| 2022-09-30 | 23 | $171.4M | 0 | |
| 2022-06-30 | 18 | $193.7M | 0 | |
| 2022-03-31 | 20 | $198.3M | 0 | |
| 2021-12-31 | 10 | $138.9M | 0 | |
| 2021-06-30 | 12 | $188.1M | 100 | |
| 2021-03-31 | 10 | $186.6M | 80 | |
| 2020-12-31 | 21 | $339.9M | 100 | |
| 2020-09-30 | 21 | $272.9M | — |
Holding changes this quarter
Windmill Hill Asset Management Ltd's most significant position changes for 2026-03-31: Sold out: Samsara Inc-cl A (IOT); Sold out: Carvana Co (CVNA); Sold out: Sprinklr Inc-a (CXM); New buy: Figure Technology Solut-cl A (FIGR); Sold out: Doordash INC - A (DASH).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | EEMX | State Street Spdr Msci Emerg | +14.1% | +862.18% | Add |
| 2 | EFAX | State Street Spdr Msci Eafe | +0.9% | — | Unchanged |
| 3 | GE | General Electric | +0.5% | +0.23% | Add |
| 4 | GOOGL | Alphabet Inc-cl A | +0.5% | +13.76% | Add |
| 5 | URA | Global X Uranium ETF | +0.4% | — | Unchanged |
| 6 | SPGI | S&p Global INC | +0.4% | +28.65% | Add |
| 7 | MCO | Moody's CORP | +0.4% | +16.83% | Add |
| 8 | V | Visa Inc-class A Shares | +0.2% | — | Unchanged |
| 9 | XOM | Exxon Mobil CORP | +0.1% | — | Unchanged |
| 10 | COP | Conocophillips | +0.1% | — | Unchanged |
| 11 | CCJ | Cameco CORP | +0.1% | — | Unchanged |
| 12 | VALE | Vale Sa-sp Adr | +0.1% | — | Unchanged |
| 13 | SLB | Slb LTD | +0.1% | — | Unchanged |
| 14 | FCX | Freeport-mcmoran INC | +0.1% | — | Unchanged |
| 15 | CP | Canadian Pacific Kansas City | +0.1% | -20.98% | Trim |
| 16 | RKLB | Rocket Lab CORP | +0.1% | — | Unchanged |
| 17 | LND | Brasilagro-cia Bra - Spn Adr | +0.1% | — | Unchanged |
| 18 | VCTR | Victory Capital Holding - A | +0.1% | — | Unchanged |
| 19 | MOS | Mosaic Co/the | +0.1% | — | Unchanged |
| 20 | FIG | Figma Inc-cl A | 0% | — | Unchanged |
| 21 | MSFT | Microsoft CORP | -1.1% | -76.19% | Trim |
| 22 | SPYX | Ss Spdr S&p 500 Foss Fl ETF | -16.8% | -36.42% | Trim |
| 23 | IOT | Samsara Inc-cl A | — | EXIT | Sold out |
| 24 | CVNA | Carvana Co | — | EXIT | Sold out |
| 25 | CXM | Sprinklr Inc-a | — | EXIT | Sold out |
| 26 | FIGR | Figure Technology Solut-cl A | — | NEW | New buy |
| 27 | DASH | Doordash INC - A | — | EXIT | Sold out |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-06 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-06 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-31 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-28 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-07 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-26 | Amendment | View on EDGAR |
| 2024-12-31 | 2025-01-28 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-15 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-17 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-22 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-26 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-20 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-20 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-10 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-13 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-20 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-26 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-04 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-08 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-23 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-11 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-22 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-10 | 13F-HR | View on EDGAR |
FAQ
What is Windmill Hill Asset Management Ltd and what type of investor is it?
Windmill Hill Asset Management Ltd is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $320.7M, spread across 23 disclosed positions.
What are Windmill Hill Asset Management Ltd's largest equity positions?
Based on the latest 13F filing, Windmill Hill Asset Management Ltd's top holdings by market value are:
1. Ss Spdr S&p 500 Foss Fl ETF (SPYX) — $213.8M (66.7%)
2. State Street Spdr Msci Emerg (EEMX) — $48.7M (15.2%)
3. State Street Spdr Msci Eafe (EFAX) — $11.3M (3.5%)
4. General Electric (GE) — $9.0M (2.8%)
5. Visa Inc-class A Shares (V) — $6.1M (1.9%)
What changes did Windmill Hill Asset Management Ltd make in its most recent portfolio filing?
In the latest reported quarter, Windmill Hill Asset Management Ltd made 13 notable position adjustments: 1 new positions were initiated, 5 existing holdings were added to, 3 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: Samsara Inc-cl A (IOT); Sold out: Carvana Co (CVNA); Sold out: Sprinklr Inc-a (CXM); New buy: Figure Technology Solut-cl A (FIGR); Sold out: Doordash INC - A (DASH)
What sectors does Windmill Hill Asset Management Ltd focus on?
Windmill Hill Asset Management Ltd is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 37.4%
• Industrials: 31.3%
• Communication Services: 14.2%
• Energy: 8.5%
• Materials: 6.0%
• Information Technology: 2.6%
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