SALT Holding Corp.

WILMINGTON, DE · CIK 1996109 · 13F filing filed 2026-05-15

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$162.8m reported value +28.5% vs Q4 2025

23positions

91.9%in top 10

5 new 4 added 0 reduced 1 sold out vs Q4 2025

Options: 0 call positions (— notional), 1 put positions ($2.7m notional) – listed below, not included above.

This report includes the holdings of 2 other managers that share the investment decisions:

SAL Equity Trading, GP – reports through this filing
SAL Trading, LLC – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q1 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VODAFONE GROUP PLC NEW SPONSORED ADR VOD	VOD	3,821,000	$57.4m35.26%	35.26%	Unchanged
2	FERRARI N V COM RACE	RACE	66,772	$22.6m13.88%	13.88%	Unchanged
3	ASTRAZENECA PLC ORD AZN	AZN	93,250	$18.4m11.30%	11.30%	New
4	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR BUD	BUD	154,173	$10.7m6.57%	6.57%	Added +39.8k	+39,758 34.8%
5	NOVARTIS AG SPONSORED ADR NVS	NVS	66,844	$10.2m6.27%	6.27%	New
6	NOVO-NORDISK A S ADR NVO	NVO	256,134	$9.4m5.78%	5.78%	New
7	NOKIA CORP SPONSORED ADR NOK	NOK	1,075,200	$8.6m5.31%	5.31%	Unchanged
8	BRITISH AMERN TOB PLC SPONSORED ADR BTI	BTI	95,589	$5.6m3.43%	3.43%	Unchanged
9	STMICROELECTRONICS N V NY REGISTRY STM	STM	125,900	$4.3m2.67%	2.67%	Added +50.0k	+50,000 65.9%
10	DIAGEO PLC SPON ADR NEW DEO	DEO	31,855	$2.4m1.46%	1.46%	Unchanged
11	TELEFONAKTIEBOLAGET LM ERICS ADR B SEK 10 ERIC	ERIC	200,000	$2.3m1.38%	1.38%	Unchanged
12	FRONTLINE PLC COM FRO	FRO	62,700	$2.2m1.34%	1.34%	Added +47.5k	+47,500 312.5%
13	SAP SE SPON ADR SAP	SAP	6,632	$1.1m0.70%	0.70%	Added +400	+400 6.4%
14	STELLANTIS N.V SHS STLA	STLA	150,493	$1.1m0.66%	0.66%	Unchanged
15	ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH MT	MT	19,700	$1.0m0.63%	0.63%	Unchanged
16	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	728	$961.6k0.59%	0.59%	New
17	EQUINOR ASA SPONSORED ADR EQNR	EQNR	22,000	$928.4k0.57%	0.57%	Unchanged
18	SHELL PLC SPON ADS SHEL	SHEL	9,938	$924.2k0.57%	0.57%	Unchanged
19	LOGITECH INTL S A SHS LOGI	LOGI	9,763	$889.6k0.55%	0.55%	Unchanged
20	MIAMI INTL HLDGS INC COM MIAX	MIAX	15,173	$590.5k0.36%	0.36%	Unchanged
21	WOODSIDE ENERGY GROUP LTD SPONSORED ADR WDS	WDS	23,908	$570.9k0.35%	0.35%	Unchanged
22	ARGENX SE SPONSORED ADR ARGX	ARGX	500	$365.1k0.22%	0.22%	Unchanged
23	BP PLC SPONSORED ADR BP	BP	4,800	$225.6k0.14%	0.14%	New

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
ASTRAZENECA PLC		93,250	$17.1m93.2k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
STMICROELECTRONICS N V STM · Put	STM	Put	78,300	$2.7m78.3k shares	New