Harvard Management
BOSTON, MAfiles as HARVARD MANAGEMENT CO INC
$4.3bn in 19 US stocks at the end of 30 June 2026. The top 10 are 91.5% of the money. It changed about 64.2% of the portfolio this quarter.
Value
$4.3bn
Stocks
19
Top 10 share
91.5%
Turnover
64.2%
What changed this quarter
New
Bought for the first time this quarter.
- Space Exploration TechnologiesSPCX51.8% of the fund
- Cerebras SystemsCBRS5.6% of the fund
- Ishares Gold TRIAU3.5% of the fund
- NetflixNFLX1.8% of the fund
- Fervo EnergyFRVO0.9% of the fund
- Lumentum HoldingsLITE0.5% of the fund
Added
Bought more of a stock they already held.
- Taiwan Semiconductor ManufacturingTSM8.2% of the fund+7%
- Amazon.comAMZN5.5% of the fund+37%
- NvidiaNVDA3.7% of the fund+6%
- Meta PlatformsMETA2.8% of the fund+10%
Cut
Sold some of their stake.
- AlphabetGOOGL3.9% of the fund-25%
- MicrosoftMSFT3.4% of the fund-24%
- BroadcomAVGO3.0% of the fund-29%
- Booking HoldingsBKNG1.7% of the fund-53%
- Spdr Gold TRGLD0.5% of the fund-87%
Sold out
Sold their entire stake.
- Union PacificUNP-100%
- Zillow GroupZ-100%
- Zillow GroupZG-100%
- Flutter EntertainmentFLUT-100%
Holdings
- Space Exploration TechnologiesSPCX
- Share
- 51.8%
- Value
- $2.2bn
- Shares
- 12,935,100
New
- Cerebras SystemsCBRS
- Share
- 5.6%
- Value
- $239m
- Shares
- 1,081,283
New
- Ishares Gold TRIAU
- Share
- 3.5%
- Value
- $150m
- Shares
- 1,980,085
New
- Ishares Bitcoin Trust ETFIBIT
- Share
- 2.4%
- Value
- $101m
- Shares
- 3,044,612
Held
- Fervo EnergyFRVO
- Share
- 0.9%
- Value
- $37m
- Shares
- 1,255,365
New
- Spdr Gold TRGLD
- Share
- 0.5%
- Value
- $22m
- Shares
- 58,862
-87%
- Generate BiomedicinesGENB
- Share
- 0.4%
- Value
- $19m
- Shares
- 1,111,100
Held
- Purecycle TechnologiesPCTTW
- Share
- <0.1%
- Value
- $2m
- Shares
- 714,285
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Space Exploration TechnologiesSPCX | 51.8% | $2.2bn | 12,935,100 | New |
| Taiwan Semiconductor ManufacturingTSM | 8.2% | $350m | 732,022 | +7% |
| Cerebras SystemsCBRS | 5.6% | $239m | 1,081,283 | New |
| Amazon.comAMZN | 5.5% | $234m | 982,839 | +37% |
| AlphabetGOOGL | 3.9% | $165m | 462,160 | -25% |
| NvidiaNVDA | 3.7% | $158m | 787,721 | +6% |
| Ishares Gold TRIAU | 3.5% | $150m | 1,980,085 | New |
| MicrosoftMSFT | 3.4% | $146m | 392,265 | -24% |
| BroadcomAVGO | 3.0% | $128m | 338,346 | -29% |
| Meta PlatformsMETA | 2.8% | $121m | 214,504 | +10% |
| Ishares Bitcoin Trust ETFIBIT | 2.4% | $101m | 3,044,612 | Held |
| NetflixNFLX | 1.8% | $79m | 1,104,000 | New |
| Booking HoldingsBKNG | 1.7% | $74m | 414,600 | -53% |
| Fervo EnergyFRVO | 0.9% | $37m | 1,255,365 | New |
| Lumentum HoldingsLITE | 0.5% | $23m | 27,243 | New |
| Spdr Gold TRGLD | 0.5% | $22m | 58,862 | -87% |
| Generate BiomedicinesGENB | 0.4% | $19m | 1,111,100 | Held |
| 10x GenomicsTXG | 0.2% | $7m | 170,000 | Held |
| Purecycle TechnologiesPCTTW | <0.1% | $2m | 714,285 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 196.8% since 30 June 2025.
Where the money is
Technology76.3%
Media & telecom8.6%
Retail & consumer7.2%
Utilities0.9%
Health care0.6%
Other6.4%
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.