PSquared Asset Management AG
ZURICH, V8
$305m in 15 US stocks at the end of 30 June 2026. The top 10 are 92.2% of the money. It changed about 45.7% of the portfolio this quarter.
Value
$305m
Stocks
15
Top 10 share
92.2%
Turnover
45.7%
What changed this quarter
New
Bought for the first time this quarter.
- Electronic ArtsEA10.1% of the fund
- LindeLIN10.0% of the fund
- Kimberly-ClarkKMB5.4% of the fund
- Txnm EnergyTXNM5.0% of the fund
- Eldorado GoldEGO4.2% of the fund
- Esperion Therapeutics INC NE3.4% of the fund
- UnifirstUNF1.9% of the fund
- QXOQXO<0.1% of the fund
Added
Bought more of a stock they already held.
- Warner Bros. DiscoveryWBD19.9% of the fund+37%
- Abivax SAABVX1.8% of the fund+154%
- Structure TherapeuticsGPCR0.7% of the fund+6%
Cut
Sold some of their stake.
- Revolution MedicinesRVMD4.9% of the fund-42%
Sold out
Sold their entire stake.
- Hologic-100%
- Chart Inds-100%
- Allied GoldAAUC-100%
- Amicus Therapeutics-100%
- PenumbraPEN-100%
- Proassurance-100%
- Arcellx-100%
- Olaplex Hldgs-100%
Holdings
- Solaris ResourcesSLSR
- Share
- 11.2%
- Value
- $34m
- Shares
- 4,080,050
Held
- Electronic ArtsEA
- Share
- 10.1%
- Value
- $31m
- Shares
- 150,684
New
- Eldorado GoldEGO
- Share
- 4.2%
- Value
- $13m
- Shares
- 409,853
New
- Esperion Therapeutics INC NE
- Share
- 3.4%
- Value
- $10m
- Shares
- 3,300,000
New
- Abivax SAABVX
- Share
- 1.8%
- Value
- $5m
- Shares
- 41,200
+154%
- Structure TherapeuticsGPCR
- Share
- 0.7%
- Value
- $2m
- Shares
- 37,200
+6%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Warner Bros. DiscoveryWBD | 19.9% | $61m | 2,274,997 | +37% |
| IHS HoldingIHS | 11.7% | $36m | 4,321,436 | Held |
| Solaris ResourcesSLSR | 11.2% | $34m | 4,080,050 | Held |
| Electronic ArtsEA | 10.1% | $31m | 150,684 | New |
| LindeLIN | 10.0% | $30m | 58,580 | New |
| Norfolk SouthernNSC | 9.9% | $30m | 95,704 | Held |
| Kimberly-ClarkKMB | 5.4% | $16m | 150,147 | New |
| Txnm EnergyTXNM | 5.0% | $15m | 274,400 | New |
| Revolution MedicinesRVMD | 4.9% | $15m | 80,000 | -42% |
| Eldorado GoldEGO | 4.2% | $13m | 409,853 | New |
| Esperion Therapeutics INC NE | 3.4% | $10m | 3,300,000 | New |
| UnifirstUNF | 1.9% | $6m | 22,365 | New |
| Abivax SAABVX | 1.8% | $5m | 41,200 | +154% |
| Structure TherapeuticsGPCR | 0.7% | $2m | 37,200 | +6% |
| QXOQXO | <0.1% | $829 | 48 | New |
Options (3)
- Revolution MedicinesRVMD
- Type
- Call
- Value
- $444,000
- Contracts
- 600
- Warner Bros. DiscoveryWBD
- Type
- Put
- Value
- $130,000
- Contracts
- 10,000
- Revolution MedicinesRVMD
- Type
- Put
- Value
- $36,750
- Contracts
- 700
| Company | Type | Value | Contracts |
|---|---|---|---|
| Revolution MedicinesRVMD | Call | $444,000 | 600 |
| Warner Bros. DiscoveryWBD | Put | $130,000 | 10,000 |
| Revolution MedicinesRVMD | Put | $36,750 | 700 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 32.9% since 30 June 2025.
Where the money is
Media & telecom31.5%
Materials25.4%
Technology10.1%
Industrials9.9%
Everyday goods5.4%
Utilities5.0%
Health care4.9%
Retail & consumer1.9%
Other5.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.