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HARVARD MANAGEMENT CO INC

Q4 2025 · Filed 2026-02-13
Market Value
$2.0B
-0.9%
Holdings
20
+3
New Purchases
4
Added To
5
Closed
3
Reduced
5
Top 10 Concentration
88.5%
Turnover
35.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNP 6.93% 0.00% +6.93% $141M
GOOGL 12.39% 7.63% +4.76% $253M
ETHA 4.25% 0.00% +4.25% $87M
AVGO 5.46% 1.60% +3.86% $111M
TSM 4.57% 2.87% +1.69% $93M
GLD 12.16% 11.42% +0.74% $248M
BKNG 8.83% 8.26% +0.57% $180M
FIG 0.09% 0.00% +0.09% $2M
META 5.88% 5.82% +0.05% $120M
TXG 0.14% 0.10% +0.04% $3M
PCTTW 0.03% 0.00% +0.03% $550K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IBIT 13.02% 21.51% -8.49% $266M
LNW 0.00% 4.59% -4.59% $0
MSFT 11.60% 15.68% -4.08% $237M
AMZN 7.69% 11.42% -3.74% $157M
NVDA 3.75% 5.29% -1.54% $77M
Z 2.21% 2.48% -0.26% $45M
PCT 0.00% 0.12% -0.12% $0
MAZE 0.00% 0.12% -0.12% $0
ZG 1.01% 1.09% -0.08% $21M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 7 $1.0B 51.3%
Large Cap 5 $838M 41.0%
Mid Cap 6 $155M 7.6%
Small Cap 2 $550K 0.0%

Portfolio Analytics

Avg Market Cap
$1.1T
Median Market Cap
$92.7B
Avg P/E
49.6
Median P/E
29.6
Avg Dividend Yield
0.00%
Avg Beta
1.58
# Stocks
17
# ETFs / Funds
3

Top Holdings (20 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IBIT 13.02% 5,353,612 $266M $49.65 -$177M -1,460,000 -21.4%
2 GOOGL 12.39% 807,900 $253M $313.00 $96M +161,700 +25.0%
3 GLD 12.16% 626,450 $248M $396.31 $13M -34,941 -5.3%
4 MSFT 11.60% 489,678 $237M $483.62 -$86M -133,622 -21.4%
5 BKNG 8.83% 33,658 $180M $5,355.33 $10M +2,159 +6.8%
6 AMZN 7.69% 679,845 $157M $230.82 -$78M -391,255 -36.5%
7 UNP 6.93% 611,233 $141M $231.32 +611,233 NEW
8 META 5.88% 181,765 $120M $660.09 $86K +18,505 +11.3%
9 AVGO 5.46% 321,766 $111M $346.10 $78M +221,866 +222.1%
10 TSM 4.57% 306,796 $93M $303.89 $34M +95,006 +44.9%
11 ETHA 4.25% 3,870,900 $87M $22.43 +3,870,900 NEW
12 NVDA 3.75% 410,291 $77M $186.50 -$32M -173,640 -29.7%
13 Z 2.21% 662,045 $45M $68.22 -$6M
14 ZG 1.01% 301,122 $21M $68.23 -$2M
15 TXG 0.14% 170,000 $3M $16.31 $785K
16 FIG 0.09% 50,454 $2M $37.37 +50,454 NEW
17 PCTTW 0.03% 714,285 $550K $0.77 +714,285 NEW
18 LNW —% -$94M -1,125,210 -100.0% SOLD
19 MAZE —% -$2M -92,396 -100.0% SOLD
20 PCT —% -$2M -714,285 -100.0% SOLD

New Positions

SymbolValue% Port
UNP $141M 6.93%
ETHA $87M 4.25%
FIG $2M 0.09%
PCTTW $550K 0.03%

Sold Out Positions

SymbolValue% Port
MAZE —%
PCT —%
LNW —%
View SEC EDGAR Filings for HARVARD MANAGEMENT CO INC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms