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REGENTS OF THE UNIVERSITY OF CALIFORNIA

Endowment
Location
OAKLAND, CA
Portfolio Value
Mid $2,976,221,334
Diversification
Highly concentrated
Filing Date
Global Rank
#754 / 8,232 ▲ 111
Top Industry
Asset Management 81.8%
3Y Alpha vs SPY
+4.8%
Period ended 2 months ago
Filed May 28, 2026 · 16d
25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio
+98.6%
SPY
+76.5%
Annualised alpha
+4.8%
Max drawdown
−37.3%

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

10 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025
Top Position
42.8%
+2.3 pts
Top 5
93.2%
−4.6 pts
Top 10
100.0%
0.0 pts
HHI
2,589
Jun 2023 → Mar 2026 · range 2,457 – 10,000
Highly concentrated−74

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026
Sector % Portfolio Value
Financial Services 79.8% $2,375,006,148
Technology 15.6% $463,983,804
Unclassified 4.5% $133,351,063
Healthcare 0.1% $3,880,319

Last Quarter's Activity

Export CSV
Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased
2 positions
Ticker Δ Shares Shares Value Open

Trimmed

Positions the filer reduced
3 positions
Ticker Δ Shares Shares Value Open

New Positions

Positions the filer opened this quarter
3 positions
Ticker Shares Value Open

Sold Out

Positions the filer fully exited
1 positions
Ticker Shares Value Open

Portfolio Positions

Export CSV View 13F filing
10 positions · $2,976,221,334 total · as of Mar 31, 2026
Ticker Company Shares Value (USD) % of Portfolio History