1y return+13.0%S&P 500 +20.9%
3y return+75.0%S&P 500 +68.5%
5y return+41.9%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 June 30, 2020: $167 against $242 in the S&P 500.2
Regents Of The University Of CaliforniaS&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 |
|---|---|---|---|
| STTState Street Corp | $1.7B | 38.5% | −1.5% |
| SPCXSpace Exploration Techn Cl A | $1.0B | 23.5% | New |
| Asml Holding Nv Ny Reg ShsCUSIP N07059210 | $698.9M | 16.0% | |
| OTFBlue Owl Technology Finance | $451.5M | 10.3% | |
| BNBrookfield Corp | $382.4M | 8.8% | |
| GLDMSpdr Gold Minishares Trust | $114.3M | 2.6% | |
| BLLNBilliontoone Inc Cl A | $4.9M | 0.1% | New |
| SRZNSurrozen Inc | $3.5M | 0.1% | |
| OWLBlue Owl Capital Inc | $581K | 0.0% | |
| CHYMChime Financial Inc Cl A | $293K | 0.0% | New |
| Surrozen IncCUSIP 86889P117 | $1,400 | 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 |
|---|---|---|---|
| Asml Holding Nv Ny Reg ShsCUSIP N07059210 | September 30, 2025 | +105.5% | $698.9M |
| SRZNSurrozen Inc | December 31, 2024 | +80.8% | $3.5M |
| STTState Street Corp | September 30, 2025 | +46.2% | $1.7B |
| OWLBlue Owl Capital Inc | September 30, 2022 | −5.2% | $581K |
| GLDMSpdr Gold Minishares Trust | March 31, 2026 | −14.3% | $114.3M |
| BNBrookfield Corp | December 31, 2024 | −25.9% | $382.4M |
| OTFBlue Owl Technology Finance | June 30, 2025 | −32.1% | $451.5M |
| Surrozen IncCUSIP 86889P117 | March 31, 2025 | −45.0% | $1,400 |
Sold off last quarter
- BXBlackstone Inc was $74.2M
- CGCarlyle Group Inc/the was $73.4M
- FDSFactset Research Systems Inc was $49.1M
- QTOPIshares Nasdaq Top 30 Stocks E was $30.1M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +19.4% | +14.8% |
| March 31, 2026 | −2.1% | −4.6% |
| December 31, 2025 | −3.2% | +2.4% |
| September 30, 2025 | −0.1% | +7.8% |
| June 30, 2025 | +12.5% | +10.5% |
| March 31, 2025 | −11.1% | −4.6% |
| December 31, 2024 | +20.1% | +2.1% |
| September 30, 2024 | +6.1% | +5.4% |
| June 30, 2024 | −3.5% | +4.0% |
| March 31, 2024 | +12.1% | +10.0% |
| December 31, 2023 | +10.3% | +11.2% |
| September 30, 2023 | +2.0% | −3.6% |
| June 30, 2023 | +6.0% | +8.3% |
| March 31, 2023 | +7.0% | +7.0% |
| December 31, 2022 | +10.4% | +7.1% |
| September 30, 2022 | −8.5% | −5.3% |
| June 30, 2022 | −18.7% | −16.5% |
| March 31, 2022 | −6.8% | −4.9% |
| December 31, 2021 | −6.8% | +10.7% |
| September 30, 2021 | +0.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Regents Of The University Of California Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=315054&type=13F-HR&dateb=&owner=include&count=40CIK 315054
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/315054/000114036126032196/Filed August 11, 2026 · accession 0001140361-26-032196