1y return+32.9%S&P 500 +20.9%
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 December 31, 2023: $176 against $157 in the S&P 500.2
Gray FoundationS&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 |
|---|---|---|---|
| HLTHilton Worldwide Hldgs Inc | $241.8M | 53.3% | |
| IGMIshares Tr | $91.5M | 20.2% | |
| GOOGAlphabet Inc | $39.6M | 8.7% | |
| SOXXIshares Tr | $22.0M | 4.9% | |
| INDAIshares Tr | $19.0M | 4.2% | −9.8% |
| ROBOExchange Traded Concepts Tr | $17.6M | 3.9% | |
| INVHInvitation Homes Inc | $10.3M | 2.3% | |
| NBIXNeurocrine Biosciences Inc | $6.4M | 1.4% | |
| BABoeing Co | $5.7M | 1.3% |
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 |
|---|---|---|---|
| SOXXIshares Tr | December 31, 2023 | +233.7% | $22.0M |
| GOOGAlphabet Inc | December 31, 2023 | +150.7% | $39.6M |
| IGMIshares Tr | December 31, 2023 | +119.0% | $91.5M |
| HLTHilton Worldwide Hldgs Inc | December 31, 2023 | +81.5% | $241.8M |
| ROBOExchange Traded Concepts Tr | December 31, 2023 | +49.5% | $17.6M |
| NBIXNeurocrine Biosciences Inc | December 31, 2025 | +18.8% | $6.4M |
| INDAIshares Tr | December 31, 2023 | +1.2% | $19.0M |
| BABoeing Co | December 31, 2025 | −0.3% | $5.7M |
| INVHInvitation Homes Inc | December 31, 2023 | −11.4% | $10.3M |
Sold off last quarter
- HGVHilton Grand Vacations Inc was $8.3M
- Astrazeneca PLCCUSIP G0593M107 was $3.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +18.6% | +14.8% |
| March 31, 2026 | −0.4% | −4.6% |
| December 31, 2025 | +9.3% | +2.4% |
| September 30, 2025 | +3.0% | +7.8% |
| June 30, 2025 | +15.1% | +10.5% |
| March 31, 2025 | −7.8% | −4.6% |
| December 31, 2024 | +3.3% | +2.1% |
| September 30, 2024 | +3.1% | +5.4% |
| June 30, 2024 | +3.7% | +4.0% |
| March 31, 2024 | +13.2% | +10.0% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Gray Foundation Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2011602&type=13F-HR&dateb=&owner=include&count=40CIK 2011602
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2011602/000119312526335164/Filed August 5, 2026 · accession 0001193125-26-335164