Michelson Medical Research Foundation, Inc.

Endowment

CIK

1965304

Location

Los Angeles, CA

Portfolio Value

Micro $36,036,876

Diversification

Moderately concentrated

Filing Date

Global Rank

#7,236 / 8,608 ▼ 40 · as of Mar 2026

Top Industry

Resorts & Casinos 30.6%

3Y Alpha vs SPY

-4.3%

Period ended 3 months ago

Filed May 15, 2026 · 58d

14 quarters · since Dec 2022

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+57.7%

SPY

+75.2%

Annualised alpha

-4.2%

Max drawdown

−26.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

7 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

30.6%

+2.8 pts

Top 5

88.8%

−3.4 pts

Top 10

100.0%

0.0 pts

HHI

1,950

Moderately concentrated−108

Portfolio Trend

14 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	45.8%	$16,499,942	2
Healthcare	22.5%	$8,117,700	1
Real Estate	11.2%	$4,024,863	1
Communication Services	9.3%	$3,364,000	1
Energy	5.9%	$2,108,241	1
Financial Services	5.3%	$1,922,130	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

No qualifying positions this quarter.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
CNNE	Cannae Holdings, Inc.	480,600	$5,464,422
OCSL	Oaktree Specialty Lending Corp	170,100	$1,922,130
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
DBRG	DigitalBridge Group, Inc.	609,500	$9,349,730
RGR	Sturm Ruger & Co Inc	57,500	$1,877,375
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

7 positions · $36,036,876 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Energy Financial Services Healthcare Real Estate

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MTN	Vail Resorts Inc Consumer Cyclical	Held	86,000	0	$11,035,520	−3.4%	30.62%
UNH	Unitedhealth Group Inc Healthcare	Held	30,000	0	$8,117,700	−18.0%	22.53%
CNNE	Cannae Holdings, Inc. Consumer Cyclical	NEW	480,600	NEW	$5,464,422	NEW	15.16%
SAFE	Safehold Inc. Real Estate	Held	297,477	0	$4,024,863	−1.2%	11.17%
MANU	Manchester United plc Communication Services	Held	200,000	0	$3,364,000	+5.7%	9.33%
CRGY	Crescent Energy Co Energy	Held	156,166	0	$2,108,241	+60.9%	5.85%
OCSL	Oaktree Specialty Lending Corp Financial Services	NEW	170,100	NEW	$1,922,130	NEW	5.33%