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HMC
Harvard Management Company Portfolio holdings
AUM
$4.26B
1-Year Est. Return
5.81%
This Fund
S&P 500
This Quarter
Est. Return
+6.96%
1 Year Est. Return
+5.81%
3 Year Est. Return
+122.55%
5 Year Est. Return
+118.8%
10 Year Est. Return
+239.18%
AUM
$4.26B
AUM Growth
+$2.45B
(+135%)
Cap. Flow
+$2.29B
Cap. Flow
% of AUM
53.73%
Top 10 Holdings %
Top 10 Hldgs %
91.49%
Holding
23
New
6
Increased
4
Reduced
5
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPCX
SpaceX
SPCX
|
+$2.2B |
| 2 |
CBRS
Cerebras Systems
CBRS
|
+$254M |
| 3 |
iShares Gold Trust
IAU
|
+$168M |
| 4 |
Netflix
NFLX
|
+$97.2M |
| 5 |
Amazon
AMZN
|
+$66.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPDR Gold Trust
GLD
|
+$168M |
| 2 |
Union Pacific
UNP
|
+$154M |
| 3 |
Booking.com
BKNG
|
+$78.2M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$55.7M |
| 5 |
Broadcom
AVGO
|
+$54.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 51.84% |
| 2 | Technology | 24.48% |
| 3 | Communication Services | 8.56% |
| 4 | Consumer Discretionary | 7.23% |
| 5 | Miscellaneous | 6.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SPCX
1
SpaceX
SPCX
$1.97T
| $2.21B | 51.84% |
+12,935,100
| New | +$2.2B |
|
2
TSMC
TSM
$2.16T
| $350M | 8.2% |
732,022
+45,226
| +7% | +$18.4M |
|
|
CBRS
3
Cerebras Systems
CBRS
$45.2B
| $239M | 5.61% |
+1,081,283
| New | +$254M |
|
|
4
Amazon
AMZN
$2.79T
| $234M | 5.49% |
982,839
+265,300
| +37% | +$66.6M |
|
|
5
Alphabet (Google) Class A
GOOGL
$4.19T
| $165M | 3.87% |
462,160
-154,800
| -25% | -$55.7M |
|
6
NVIDIA
NVDA
$5.52T
| $158M | 3.7% |
787,721
+43,930
| +6% | +$9.03M |
|
|
7
iShares Gold Trust
IAU
$66.3B
| $150M | 3.51% |
+1,980,085
| New | +$168M |
|
8
Microsoft
MSFT
$3.79T
| $146M | 3.43% |
392,265
-120,800
| -24% | -$48.9M |
|
|
9
Broadcom
AVGO
$1.7T
| $128M | 3% |
338,346
-135,570
| -29% | -$54.4M |
|
10
Meta Platforms (Facebook)
META
$1.56T
| $121M | 2.83% |
214,504
+19,950
| +10% | +$12.2M |
|
11
iShares Bitcoin Trust
IBIT
$63.4B
| $101M | 2.38% |
3,044,612
| – | – |
|
|
12
Netflix
NFLX
$344B
| $78.8M | 1.85% |
+1,104,000
| New | +$97.2M |
|
|
13
Booking.com
BKNG
$147B
| $73.9M | 1.73% |
414,600
-458,600
| -53% | -$78.2M |
|
|
FRVO
14
Fervo Energy
FRVO
$5.06B
| $36.7M | 0.86% |
+1,255,365
| New | +$45.3M |
|
15
Lumentum
LITE
$76B
| $23.4M | 0.55% |
+27,243
| New | +$24.3M |
|
|
16
SPDR Gold Trust
GLD
$150B
| $21.7M | 0.51% |
58,862
-405,588
| -87% | -$168M |
|
|
GENB
17
Generate Biomedicines
GENB
$2.1B
| $18.7M | 0.44% |
1,111,100
| – | – |
|
18
10x Genomics
TXG
$8.24B
| $6.52M | 0.15% |
170,000
| – | – |
|
|
PCTTW
19
PureCycle Technologies Inc Warrant
PCTTW
| $1.86M | 0.04% |
714,285
| – | – |
|
|
20
Union Pacific
UNP
$172B
| – | – |
-634,376
| Closed | -$154M |
|
21
Zillow
Z
$7.95B
| – | – |
-562,045
| Closed | -$23.3M |
|
22
Zillow
ZG
$8.1B
| – | – |
-284,800
| Closed | -$11.8M |
|
23
Flutter Entertainment
FLUT
$17.8B
| – | – |
-80,341
| Closed | -$8.19M |
|
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AP
Harvard Management Company's Q2 2026 Portfolio in Review
As of Q2 2026, Harvard Management Company held 23 positions worth $4.26B, up 135% from $1.82B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Harvard Management Company deployed $2.29B of net new capital in Q2 2026, opening 6 new positions and adding to 4 existing holdings. Its largest new stake was SpaceX: 12,935,100 shares worth $2.21B.
By sector, the portfolio is most concentrated in Industrials at 52% of assets, up from 8.5% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was SPDR Gold Trust, an estimated $168M trimmed.
- Harvard Management Company's largest Q2 2026 buy was SpaceX: 12,935,100 shares worth $2.21B.
- Harvard Management Company added most to Amazon in Q2 2026, an estimated $66.6M increase.
- Harvard Management Company's biggest Q2 2026 reduction was SPDR Gold Trust, cutting an estimated $168M.
- Harvard Management Company fully exited Union Pacific in Q2 2026, selling an estimated $154M.
- Harvard Management Company's ten largest holdings make up 91% of its $4.26B portfolio in Q2 2026.
- Harvard Management Company opened 6 new positions and closed 4 in Q2 2026.
- Harvard Management Company's portfolio value rose 135% quarter-over-quarter to $4.26B.
Based on Harvard Management Company's 13F filing for Q2 2026, filed 14 Aug 2026.