Common Fund FOR Nonprofit Organizations

NORWALK, CT

$1.1bn in 29 US stocks at the end of 30 June 2026. The top 10 are 94.3% of the money. It changed about 9.3% of the portfolio this quarter.

Value

$1.1bn

Stocks

Top 10 share

94.3%

Turnover

9.3%

What changed this quarter

New

Bought for the first time this quarter.

Vanguard Index FDSVTV
1.0% of the fund
Vanguard Scottsdale FDSVMBS
0.3% of the fund
MedlineMDLN
<0.1% of the fund

Added

Bought more of a stock they already held.

Ishares TRACWI
15.0% of the fund
+17%
Ishares TREEM
2.3% of the fund
+15%
Ishares TREAGG
<0.1% of the fund
+3%

Cut

Sold some of their stake.

Flexshares TRGUNR
15.4% of the fund
-15%
Ishares TRAGG
4.6% of the fund
-6%
Invesco Exchange Traded FD TRSP
2.8% of the fund
-13%
Ishares TRIVV
1.9% of the fund
-14%
Ishares TREFA
0.4% of the fund
-49%
Vanguard Index FDSVNQ
0.4% of the fund
-84%
Vanguard Tax-Managed FDSVEA
0.2% of the fund
-15%
Ishares TRSUSA
<0.1% of the fund
-3%
Vanguard Intl Equity Index FVWO
<0.1% of the fund
-10%
Ishares TRESGD
<0.1% of the fund
-5%

Sold out

Sold their entire stake.

None this quarter.

Holdings

State STR Spdr S&P 500 ETF TSPY
Share
38.2%
Value
$415m
Shares
556,383
Held
Flexshares TRGUNR
Share
15.4%
Value
$168m
Shares
3,408,196
-15%
Ishares TRACWI
Share
15.0%
Value
$163m
Shares
1,038,012
+17%
Vanguard Index FDSVOO
Share
12.1%
Value
$131m
Shares
191,152
Held
Ishares TRAGG
Share
4.6%
Value
$50m
Shares
501,042
-6%
Invesco Exchange Traded FD TRSP
Share
2.8%
Value
$30m
Shares
141,947
-13%
Ishares TREEM
Share
2.3%
Value
$25m
Shares
361,267
+15%
Ishares TRIVV
Share
1.9%
Value
$21m
Shares
27,668
-14%
Ishares TRIJH
Share
1.1%
Value
$12m
Shares
155,337
Held
Ishares TRIJR
Share
1.1%
Value
$12m
Shares
78,096
Held
Vanguard Index FDSVTV
Share
1.0%
Value
$11m
Shares
51,021
New
Global X FDSCATH
Share
1.0%
Value
$11m
Shares
121,008
Held
Ishares TRIEF
Share
0.8%
Value
$9m
Shares
91,631
Held
Vanguard Scottsdale FDSVCSH
Share
0.4%
Value
$5m
Shares
61,240
Held
Ishares TREFA
Share
0.4%
Value
$4m
Shares
40,228
-49%
Ishares TRACWX
Share
0.4%
Value
$4m
Shares
53,489
Held
Vanguard Index FDSVNQ
Share
0.4%
Value
$4m
Shares
41,481
-84%
Vanguard Scottsdale FDSVMBS
Share
0.3%
Value
$3m
Shares
63,833
New
Vanguard Intl Equity Index FVEU
Share
0.2%
Value
$2m
Shares
28,805
Held
Vanguard Tax-Managed FDSVEA
Share
0.2%
Value
$2m
Shares
27,857
-15%
Invesco QQQ TRQQQ
Share
0.2%
Value
$2m
Shares
2,595
Held
Vaneck ETF TrustISRA
Share
0.1%
Value
$1m
Shares
18,518
Held
Via TransportationVIA
Share
0.1%
Value
$1m
Shares
65,922
Held
Ishares TRSUSA
Share
<0.1%
Value
$692,449
Shares
4,488
-3%
Ishares TREAGG
Share
<0.1%
Value
$498,856
Shares
10,522
+3%
MedlineMDLN
Share
<0.1%
Value
$337,251
Shares
8,551
New
Vanguard Intl Equity Index FVWO
Share
<0.1%
Value
$324,541
Shares
5,437
-10%
Ishares TRGVI
Share
<0.1%
Value
$260,675
Shares
2,457
Held
Ishares TRESGD
Share
<0.1%
Value
$253,329
Shares
2,464
-5%

Company	Share of fund	Value	Shares	Change
State STR Spdr S&P 500 ETF TSPY	38.2%	$415m	556,383	Held
Flexshares TRGUNR	15.4%	$168m	3,408,196	-15%
Ishares TRACWI	15.0%	$163m	1,038,012	+17%
Vanguard Index FDSVOO	12.1%	$131m	191,152	Held
Ishares TRAGG	4.6%	$50m	501,042	-6%
Invesco Exchange Traded FD TRSP	2.8%	$30m	141,947	-13%
Ishares TREEM	2.3%	$25m	361,267	+15%
Ishares TRIVV	1.9%	$21m	27,668	-14%
Ishares TRIJH	1.1%	$12m	155,337	Held
Ishares TRIJR	1.1%	$12m	78,096	Held
Vanguard Index FDSVTV	1.0%	$11m	51,021	New
Global X FDSCATH	1.0%	$11m	121,008	Held
Ishares TRIEF	0.8%	$9m	91,631	Held
Vanguard Scottsdale FDSVCSH	0.4%	$5m	61,240	Held
Ishares TREFA	0.4%	$4m	40,228	-49%
Ishares TRACWX	0.4%	$4m	53,489	Held
Vanguard Index FDSVNQ	0.4%	$4m	41,481	-84%
Vanguard Scottsdale FDSVMBS	0.3%	$3m	63,833	New
Vanguard Intl Equity Index FVEU	0.2%	$2m	28,805	Held
Vanguard Tax-Managed FDSVEA	0.2%	$2m	27,857	-15%
Invesco QQQ TRQQQ	0.2%	$2m	2,595	Held
Vaneck ETF TrustISRA	0.1%	$1m	18,518	Held
Via TransportationVIA	0.1%	$1m	65,922	Held
Ishares TRSUSA	<0.1%	$692,449	4,488	-3%
Ishares TREAGG	<0.1%	$498,856	10,522	+3%
MedlineMDLN	<0.1%	$337,251	8,551	New
Vanguard Intl Equity Index FVWO	<0.1%	$324,541	5,437	-10%
Ishares TRGVI	<0.1%	$260,675	2,457	Held
Ishares TRESGD	<0.1%	$253,329	2,464	-5%

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 12.4% since 30 June 2025.

Where the money is

Technology0.1%

Health care0.0%

Other99.9%

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.