1y return+52.1%S&P 500 +20.9%
3y return+192.3%S&P 500 +68.5%
5y return+105.5%S&P 500 +74.5%
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 March 31, 2019: $289 against $264 in the S&P 500.2
Michael & Susan Dell 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 |
|---|---|---|---|
| IVVIshares Tr | $2.4B | 63.0% | |
| DELLDell Technologies Inc | $1.1B | 28.0% | −8.3% |
| AVGOBroadcom Inc | $193.0M | 5.1% | −20.0% |
| HAYWHayward Hldgs Inc | $75.1M | 2.0% | |
| VTIVanguard Index Fds | $49.8M | 1.3% | |
| ARCCAres Capital Corp | $25.2M | 0.7% | +2.6% |
| CAICaris Life Sciences Inc | $218K | 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 |
|---|---|---|---|
| DELLDell Technologies Inc | December 31, 2024 | +274.4% | $1.1B |
| AVGOBroadcom Inc | December 31, 2023 | +238.4% | $193.0M |
| IVVIshares Tr | September 30, 2024 | +29.8% | $2.4B |
| HAYWHayward Hldgs Inc | September 30, 2024 | +12.8% | $75.1M |
| VTIVanguard Index Fds | December 31, 2025 | +10.4% | $49.8M |
| ARCCAres Capital Corp | December 31, 2025 | −8.4% | $25.2M |
| CAICaris Life Sciences Inc | December 31, 2025 | −34.0% | $218K |
Sold off last quarter
- VEAVanguard Tax-managed Fds was $4.0M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +38.3% | +14.8% |
| March 31, 2026 | −1.2% | −4.6% |
| December 31, 2025 | +2.2% | +2.4% |
| September 30, 2025 | +9.0% | +7.8% |
| June 30, 2025 | +13.2% | +10.5% |
| March 31, 2025 | −10.9% | −4.6% |
| December 31, 2024 | +14.9% | +2.1% |
| September 30, 2024 | +7.2% | +5.4% |
| June 30, 2024 | +18.4% | +4.0% |
| March 31, 2024 | +25.9% | +10.0% |
| December 31, 2023 | +9.6% | +11.2% |
| September 30, 2023 | −5.3% | −3.6% |
| June 30, 2023 | +2.2% | +8.3% |
| March 31, 2023 | +8.0% | +7.0% |
| December 31, 2022 | +4.7% | +7.1% |
| September 30, 2022 | −18.5% | −5.3% |
| June 30, 2022 | −8.2% | −16.5% |
| March 31, 2022 | −4.1% | −4.9% |
| December 31, 2021 | −3.2% | +10.7% |
| September 30, 2021 | −12.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Michael & Susan Dell Foundation Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1599858&type=13F-HR&dateb=&owner=include&count=40CIK 1599858
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1599858/000110465926097229/Filed August 14, 2026 · accession 0001104659-26-097229