1y return+1.4%S&P 500 +20.9%
3y return+103.9%S&P 500 +68.5%
5y return+61.5%S&P 500 +74.5%
10y return+209.3%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: $309 against $357 in the S&P 500.2
Harvard Management Co IncS&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 |
|---|---|---|---|
| SPCXSpace Exploration Techn Corp | $2.2B | 51.8% | New |
| TSMTaiwan Semiconductor Manufac | $349.6M | 8.2% | +6.6% |
| CBRSCerebras Systems Inc | $239.0M | 5.6% | New |
| AMZNAmazon Com Inc | $234.2M | 5.5% | +37.0% |
| GOOGLAlphabet Inc | $165.2M | 3.9% | −25.1% |
| NVDANvidia Corporation | $157.6M | 3.7% | +5.9% |
| IAUIshares Gold Tr | $149.5M | 3.5% | New |
| MSFTMicrosoft Corp | $146.3M | 3.4% | −23.5% |
| AVGOBroadcom Inc | $127.8M | 3.0% | −28.6% |
| METAMeta Platforms Inc | $120.8M | 2.8% | +10.3% |
| IBITIshares Bitcoin Trust Etf | $101.4M | 2.4% | |
| NFLXNetflix Inc. | $78.8M | 1.8% | New |
| BKNGBooking Holdings Inc | $73.9M | 1.7% | −52.5% |
| FRVOFervo Energy Co | $36.7M | 0.9% | New |
| LITELumentum Hldgs Inc | $23.4M | 0.5% | New |
| GLDSpdr Gold Tr | $21.7M | 0.5% | −87.3% |
| GENBGenerate Biomedicines Inc | $18.7M | 0.4% | |
| TXG10x Genomics Inc | $6.5M | 0.2% | |
| PCTTWPurecycle Technologies Inc | $1.9M | 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 |
|---|---|---|---|
| NVDANvidia Corporation | December 31, 2021 | +580.3% | $157.6M |
| GOOGLAlphabet Inc | September 30, 2021 | +167.3% | $165.2M |
| METAMeta Platforms Inc | June 30, 2020 | +148.1% | $120.8M |
| AVGOBroadcom Inc | June 30, 2024 | +135.3% | $127.8M |
| TSMTaiwan Semiconductor Manufac | September 30, 2025 | +71.0% | $349.6M |
| GENBGenerate Biomedicines Inc | March 31, 2026 | +35.0% | $18.7M |
| GLDSpdr Gold Tr | June 30, 2025 | +20.8% | $21.7M |
| AMZNAmazon Com Inc | June 30, 2025 | +8.6% | $234.2M |
| BKNGBooking Holdings Inc | September 30, 2024 | +5.8% | $73.9M |
| MSFTMicrosoft Corp | December 31, 2024 | −11.5% | $146.3M |
Sold off last quarter
- UNPUnion Pac Corp was $153.9M
- ZZillow Group Inc was $23.3M
- ZGZillow Group Inc was $11.8M
- Flutter Entmt PLCCUSIP G3643J108 was $8.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.7% | +14.8% |
| March 31, 2026 | −12.3% | −4.6% |
| December 31, 2025 | −2.1% | +2.4% |
| September 30, 2025 | +6.7% | +7.8% |
| June 30, 2025 | +28.5% | +10.5% |
| March 31, 2025 | −8.4% | −4.6% |
| December 31, 2024 | +5.8% | +2.1% |
| September 30, 2024 | +1.4% | +5.4% |
| June 30, 2024 | +10.9% | +4.0% |
| March 31, 2024 | +25.2% | +10.0% |
| December 31, 2023 | +12.2% | +11.2% |
| September 30, 2023 | +2.1% | −3.6% |
| June 30, 2023 | +19.2% | +8.3% |
| March 31, 2023 | +19.7% | +7.0% |
| December 31, 2022 | −0.4% | +7.1% |
| September 30, 2022 | −8.7% | −5.3% |
| June 30, 2022 | −22.1% | −16.5% |
| March 31, 2022 | −20.5% | −4.9% |
| December 31, 2021 | −0.5% | +10.7% |
| September 30, 2021 | −1.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Harvard Management Co Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1082621&type=13F-HR&dateb=&owner=include&count=40CIK 1082621
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1082621/000119312526352412/Filed August 14, 2026 · accession 0001193125-26-352412