Trustees of the University of Pennsylvania

CIK 351083 · View on SEC EDGAR ↗

Portfolio value
$104.2M
#8,279 of 9,443 by 13F value · top 87.7%
Positions
5
As of
June 30, 2026

Portfolio value QoQ: -64.9% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
4
Effective number of positions
1.6

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 3.62% Est. buys $7,253,311 · sells $181,507,118

New positions
2
Increased
0
Decreased
3
Closed
1
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Performance vs S&P 500

Tracked Q4 2025–Q2 2026
+3.0%
S&P 500 total return (same window)
+8.7%
Excess return
-5.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 100.0% · Options excluded: 0.0%

Sector breakdown

Industrials
83.0%
Materials
10.2%
Other/Unmapped
6.8%

Full portfolio 5 positions

Type Streak 8Q trend
KRMN Karman Holdings Inc. Common Stock $82,496,195 79.14% 1,652,568 $-73,806,873 Down ×1
USAR USA Rare Earth, Inc. - Common Stock $10,640,969 10.21% 493,094 $-62,839,002 Down ×1
Unknown issuer (CUSIP: 15675D103) $7,101,835 6.81% 32,135 Up ×1
LUNR Intuitive Machines, Inc. - Class A Common Stock $3,850,072 3.69% 179,994 $-56,403,557 Down ×1
AMPX Amprius Technologies, Inc. Common Stock $151,476 0.15% 10,929 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 15675D103) $7,101,835 32,135 6.81%
AMPX $151,476 10,929 0.15%

Top movers (QoQ)

Security Action Shares Δ Value Δ
KRMN Trimmed -300K -$73.8M

2 positions hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
DNUT June 30, 2026 2,009,111 $6,810,886 1.0%