Funds · 13F filer · Philadelphia, PA

Trustees of the University of Pennsylvania

$104.2M in 5 U.S. stocks and ETFs at the end of June 30, 2026, as reported to the SEC.1

Returns–Not enough quarters yet

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.

Top holdings

At the end of June 30, 2026. Change is in shares since the quarter before.2

StockValueShare of portfolioChange
KRMNKarman Holdings Inc$82.5M79.1%−15.4%
USARUSA Rare Earth Inc$10.6M10.2%−89.8%
CBRSCerebras Systems Inc$7.1M6.8%New
LUNRIntuitive Machines Inc$3.9M3.7%−94.5%
AMPXAmprius Technologies Inc$151K0.1%New

Best picks still held

How each current holding has done since the quarter it first appeared in its filings (up to six years back).

StockHeld sinceReturn sinceNow worth
USARUSA Rare Earth IncMarch 31, 2026+42.6%$10.6M
LUNRIntuitive Machines IncDecember 31, 2025+31.8%$3.9M
KRMNKarman Holdings IncDecember 31, 2025−31.8%$82.5M

Sold off last quarter

  • DNUTKrispy Kreme Inc was $6.8M

Quarter by quarter

QuarterIts picksS&P 500
June 30, 2026−6.1%+14.8%
March 31, 2026+9.7%−4.6%
December 31, 2024+15.9%+2.1%
September 30, 2024+9.7%+5.4%
June 30, 2024−29.6%+4.0%
March 31, 2024+5.5%+10.0%
December 31, 2023+6.4%+11.2%
September 30, 2023−8.5%−3.6%
June 30, 2023+20.6%+8.3%
March 31, 2023+12.6%+7.0%
December 31, 2022+12.2%+7.1%
September 30, 2022−10.5%−5.3%
June 30, 2022−14.9%−16.5%
March 31, 2022−5.4%−4.9%

Sources

Every number on this page points here. Each one links to the public record.

  1. 1
    CIK 351083
  2. 2
    SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/351083/000119312526342162/
    Filed August 10, 2026 · accession 0001193125-26-342162