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Asset Manager ← All Institutions

Board of Trustees of The Leland Stanford Junior University

485 BROADWAY, REDWOOD CITY, CA 94063 • (650) 721-1709

Q4 2025 · Filed 2026-02-17
Market Value
$496M
-41.6%
Holdings
25
+3
New Purchases
7
Added To
1
Closed
5
Reduced
1
Top 10 Concentration
99.0%
Turnover
48.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EEM 49.18% 22.26% +26.92% $244M
GOOG 24.89% 0.00% +24.89% $123M
EWJ 15.81% 9.17% +6.64% $78M
KOD 3.90% 1.33% +2.57% $19M
NTRA 1.45% 0.00% +1.45% $7M
MPLT 0.71% 0.00% +0.71% $3M
HTFL 1.84% 1.24% +0.60% $9M
NAVN 0.38% 0.00% +0.38% $2M
ANNX 0.49% 0.17% +0.32% $2M
BSM 0.40% 0.23% +0.17% $2M
CHYM 0.21% 0.10% +0.11% $1M
PFSI 0.11% 0.00% +0.11% $530K
KRP 0.26% 0.18% +0.09% $1M
VNOM 0.19% 0.11% +0.08% $966K
MATX 0.07% 0.03% +0.04% $334K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EFA 0.00% 36.76% -36.76% $0
GOOGL 0.00% 22.45% -22.45% $0
LNW 0.00% 2.62% -2.62% $0
QS 0.00% 2.12% -2.12% $0
CRCL 0.00% 1.16% -1.16% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 81.7%
Communication Services 13.4%
Healthcare 3.9%
Energy 0.6%
Technology 0.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 2 $123M 24.9%
Large Cap 6 $330M 66.6%
Mid Cap 8 $15M 3.0%
Small Cap 4 $23M 4.7%
Micro Cap 5 $4M 0.8%

Portfolio Analytics

Avg Market Cap
$378.7B
Median Market Cap
$4.7B
Avg P/E
18.2
Median P/E
19.0
Avg Dividend Yield
0.01%
Avg Beta
1.18
# Stocks
22
# ETFs / Funds
3

Top Holdings (25 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 EEM 49.18% 4,458,700 $244M $54.71 $55M +915,248 +25.8%
2 GOOG 24.89% 394,353 $123M $313.00 +394,353 NEW
3 EWJ 15.81% 971,270 $78M $80.74 $515K
4 KOD 3.90% 691,767 $19M $27.96 $8M
5 HTFL 1.84% 312,234 $9M $29.15 -$1M
6 NTRA 1.45% 31,303 $7M $229.09 +31,303 NEW
7 MPLT 0.71% 199,233 $3M $17.56 +199,233 NEW
8 ANNX 0.49% 482,550 $2M $5.02 $951K
9 BSM 0.40% 147,852 $2M $13.29 $22K
10 NAVN 0.38% 110,554 $2M $17.08 +110,554 NEW
11 KRP 0.26% 111,638 $1M $11.76 -$193K
12 CHYM 0.21% 42,110 $1M $25.17 $211K
13 VNOM 0.19% 25,000 $966K $38.63 $10K
14 PFSI 0.11% 4,000 $530K $132.60 +4,000 NEW
15 MATX 0.07% 2,700 $334K $123.55 $67K
16 CARL 0.06% 25,030 $309K $12.35 -$26K
17 BOLT 0.04% 35,977 $197K $5.47 $5K -1
18 NXGL 0.01% 32,500 $52K $1.61 +32,500 NEW
19 AMTX 0.01% 25,300 $35K $1.39 -$22K
20 SKIN —% 10,000 $14K $1.39 +10,000 NEW
21 CRCL —% -$10M -74,284 -100.0% SOLD
22 QS —% -$18M -1,463,438 -100.0% SOLD
23 EFA —% -$312M -3,346,434 -100.0% SOLD
24 GOOGL —% -$191M -784,750 -100.0% SOLD
25 LNW —% -$22M -265,220 -100.0% SOLD

New Positions

SymbolValue% Port
GOOG $123M 24.89%
NTRA $7M 1.45%
MPLT $3M 0.71%
NAVN $2M 0.38%
PFSI $530K 0.11%
NXGL $52K 0.01%
SKIN $14K —%

Sold Out Positions

SymbolValue% Port
CRCL —%
QS —%
EFA —%
GOOGL —%
LNW —%
View SEC EDGAR Filings for Board of Trustees of The Leland Stanford Junior University →

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