TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
EndowmentCIK
351083
Location
Philadelphia, PA
Portfolio Value
Small
$296,847,553
Diversification
Highly concentrated
Filing Date
Global Rank
#3,438
/ 8,592
▲ 850
Top Industry
Aerospace & Defense
73.0%
3Y Alpha vs SPY
-41.8%
Period ended 3 months ago
Filed May 14, 2026 · 36d
13 quarters · since Dec 2021
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
-50.6%
SPY
+76.8%
Annualised alpha
-41.8%
Max drawdown
−72.1%
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
4 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
52.7%
−17.5 pts
Top 5
100.0%
0.0 pts
Top 10
100.0%
0.0 pts
HHI
3,802
Highly concentrated−1,805
Portfolio Trend
13 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Industrials | 73.0% | $216,556,697 |
| Basic Materials | 24.8% | $73,479,970 |
| Consumer Defensive | 2.3% | $6,810,886 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reducedNo qualifying positions this quarter.
New Positions
Positions the filer opened this quarter
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| USAR | USA Rare Earth, Inc. | 4,854,970 | $73,479,970 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
4 positions ·
$296,847,553 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| KRMN |
Karman Holdings Inc.
Industrials
|
Held | 1,952,568 | $156,303,068 | 52.65% | |
| USAR |
USA Rare Earth, Inc.
Basic Materials
|
NEW | 4,854,970 | $73,479,970 | 24.75% | |
| LUNR |
Intuitive Machines, Inc.
Industrials
|
Held | 3,246,424 | $60,253,629 | 20.30% | |
| DNUT |
Krispy Kreme, Inc.
Consumer Defensive
|
Held | 2,009,111 | $6,810,886 | 2.29% |