Board of Trustees of The Leland Stanford Junior University
STANFORD, CA
$533m in 19 US stocks at the end of 30 June 2026. The top 10 are 99.4% of the money. It changed about 21.7% of the portfolio this quarter.
Value
$533m
Stocks
19
Top 10 share
99.4%
Turnover
21.7%
What changed this quarter
New
Bought for the first time this quarter.
- CrowdStrike HoldingsCRWD1.0% of the fund
- Invesco Exchange Traded FD TRSP0.2% of the fund
- IntelINTC<0.1% of the fund
- Bitgo HoldingsBTGO<0.1% of the fund
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- Ishares TREEM69.4% of the fund-40%
- AlphabetGOOGL22.0% of the fund-17%
Sold out
Sold their entire stake.
- IsharesEWJ-100%
- Ishares TREFA-100%
- State STR Spdr S&P 500 ETF TSPY-100%
- MapLight TherapeuticsMPLT-100%
- WealthfrontWLTH-100%
- HeartCore EnterprisesHTCR-100%
- SkinHealth SystemsSKIN-100%
Holdings
- Ishares TREEM
- Share
- 69.4%
- Value
- $370m
- Shares
- 5,406,282
-40%
- Black Stone Minerals L PBSM
- Share
- 0.4%
- Value
- $2m
- Shares
- 147,852
Held
- Kimbell RTY Partners LPKRP
- Share
- 0.3%
- Value
- $2m
- Shares
- 111,638
Held
- Invesco Exchange Traded FD TRSP
- Share
- 0.2%
- Value
- $932,145
- Shares
- 4,381
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Ishares TREEM | 69.4% | $370m | 5,406,282 | -40% |
| AlphabetGOOGL | 22.0% | $117m | 327,884 | -17% |
| Kodiak SciencesKOD | 5.1% | $27m | 691,767 | Held |
| CrowdStrike HoldingsCRWD | 1.0% | $5m | 6,713 | New |
| AnnexonANNX | 0.5% | $3m | 482,550 | Held |
| NavanNAVN | 0.5% | $3m | 110,554 | Held |
| Black Stone Minerals L PBSM | 0.4% | $2m | 147,852 | Held |
| Kimbell RTY Partners LPKRP | 0.3% | $2m | 111,638 | Held |
| Viper EnergyVNOM | 0.2% | $1m | 25,000 | Held |
| Invesco Exchange Traded FD TRSP | 0.2% | $932,145 | 4,381 | New |
| Chime FinancialCHYM | 0.2% | $862,413 | 42,110 | Held |
| Ethos TechnologiesLIFE | 0.1% | $579,392 | 31,940 | Held |
| MatsonMATX | <0.1% | $519,021 | 2,700 | Held |
| IntelINTC | <0.1% | $321,149 | 2,300 | New |
| Bitgo HoldingsBTGO | <0.1% | $218,192 | 42,122 | New |
| MerlinMRLN | <0.1% | $185,881 | 32,668 | Held |
| Bolt BiotherapeuticsBOLT | <0.1% | $138,511 | 35,977 | Held |
| CarlsmedCARL | <0.1% | $129,916 | 12,516 | Held |
| AemetisAMTX | <0.1% | $41,491 | 25,300 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 42.3% since 30 June 2025.
Where the money is
Media & telecom22.0%
Health care5.6%
Technology1.5%
Financial services0.3%
Energy0.2%
Industrials0.1%
Materials0.0%
Other70.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.