1y return+52.0%S&P 500 +20.9%
3y return+93.6%S&P 500 +68.5%
5y return+51.8%S&P 500 +74.5%
10y return+164.8%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $265 against $357 in the S&P 500.2
Board of Trustees of The Leland Stanford Junior UniversityS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| EEMIshares Tr | $369.8M | 69.4% | −40.2% |
| GOOGLAlphabet Inc | $117.2M | 22.0% | −16.9% |
| KODKodiak Sciences Inc | $27.0M | 5.1% | |
| CRWDCrowdstrike Hldgs Inc | $5.1M | 1.0% | New |
| ANNXAnnexon Inc | $2.8M | 0.5% | |
| NAVNNavan Inc | $2.5M | 0.5% | |
| BSMBlack Stone Minerals L P | $2.1M | 0.4% | |
| KRPKimbell Rty Partners LP | $1.6M | 0.3% | |
| VNOMViper Energy Inc | $1.1M | 0.2% | |
| RSPInvesco Exchange Traded Fd T | $932K | 0.2% | New |
| CHYMChime Finl Inc | $862K | 0.2% | |
| LIFEEthos Technologies Inc | $579K | 0.1% | |
| MATXMatson Inc | $519K | 0.1% | |
| INTCIntel Corp | $321K | 0.1% | New |
| BTGOBitgo Holdings Inc | $218K | 0.0% | New |
| MRLNMerlin Inc | $186K | 0.0% | |
| BOLTBolt Biotherapeutics Inc | $139K | 0.0% | |
| CARLCarlsmed Inc | $130K | 0.0% | |
| AMTXAemetis Inc | $41K | 0.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| MATXMatson Inc | June 30, 2023 | +147.3% | $519K |
| BSMBlack Stone Minerals L P | June 30, 2020 | +114.9% | $2.1M |
| KRPKimbell Rty Partners LP | June 30, 2020 | +69.0% | $1.6M |
| LIFEEthos Technologies Inc | March 31, 2026 | +62.4% | $579K |
| EEMIshares Tr | June 30, 2024 | +60.6% | $369.8M |
| NAVNNavan Inc | December 31, 2025 | +33.9% | $2.5M |
| GOOGLAlphabet Inc | March 31, 2026 | +24.3% | $117.2M |
| VNOMViper Energy Inc | September 30, 2025 | +10.9% | $1.1M |
| CARLCarlsmed Inc | September 30, 2025 | −22.5% | $130K |
| MRLNMerlin Inc | March 31, 2026 | −22.6% | $186K |
Sold off last quarter
- EWJIshares Inc was $82.0M
- EFAIshares Tr was $48.9M
- SPYState Str Spdr S&p 500 Etf T was $47.5M
- MPLTMaplight Therapeutics Inc was $4.1M
- WLTHWealthfront Corp was $1.9M
- Heartcore Enterprises IncCUSIP 42240Q104 was $22K
- The Beauty Health CompanyCUSIP 88331L108 was $8,900
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +18.4% | +14.8% |
| March 31, 2026 | +1.5% | −4.6% |
| December 31, 2025 | +8.9% | +2.4% |
| September 30, 2025 | +16.2% | +7.8% |
| June 30, 2025 | +11.5% | +10.5% |
| March 31, 2025 | −5.2% | −4.6% |
| December 31, 2024 | −3.0% | +2.1% |
| September 30, 2024 | +5.3% | +5.4% |
| June 30, 2024 | +1.3% | +4.0% |
| March 31, 2024 | +9.4% | +10.0% |
| December 31, 2023 | +10.4% | +11.2% |
| September 30, 2023 | −3.5% | −3.6% |
| June 30, 2023 | +2.5% | +8.3% |
| March 31, 2023 | +8.4% | +7.0% |
| December 31, 2022 | +8.3% | +7.1% |
| September 30, 2022 | −10.3% | −5.3% |
| June 30, 2022 | −15.6% | −16.5% |
| March 31, 2022 | −2.2% | −4.9% |
| December 31, 2021 | −4.1% | +10.7% |
| September 30, 2021 | −8.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Board of Trustees of The Leland Stanford Junior University Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1315828&type=13F-HR&dateb=&owner=include&count=40CIK 1315828
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1315828/000106299326004217/Filed August 12, 2026 · accession 0001062993-26-004217