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HMC

Harvard Management Company Portfolio holdings

AUM $1.82B
1-Year Est. Return 26.23%
This Fund
S&P 500
This Quarter Est. Return
+7.53%
1 Year Est. Return
+26.23%
3 Year Est. Return
+156.3%
5 Year Est. Return
+133.98%
10 Year Est. Return
+221.37%
AUM
$2.1B
AUM Growth
+$669M
Cap. Flow
+$583M
Cap. Flow %
27.68%
Top 10 Hldgs %
92.43%
Holding
19
New
5
Increased
3
Reduced
4
Closed
1

Top Buys

Rank Stock Value
1
IBIT icon
iShares Bitcoin Trust
IBIT
+$319M
2
GLD icon
SPDR Gold Trust
GLD
+$105M
3
Z icon
Zillow
Z
+$54.1M
4
TSM icon
TSMC
TSM
+$51.8M
5
LNW
Light & Wonder
LNW
+$46.3M

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$28.5M
2
PCT icon
PureCycle Technologies
PCT
+$16.5M
3
NVDA icon
NVIDIA
NVDA
+$13.4M
4
MAZE
Maze Therapeutics
MAZE
+$9.2M
5
PCTTW
PureCycle Technologies Inc Warrant
PCTTW
+$3.02M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 25.13%
2 Technology 24.89%
3 Communication Services 16.65%
4 Financials 0.8%
5 Healthcare 0.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IBIT icon
1
iShares Bitcoin Trust
IBIT
$47.2B
$443M 21.04%
6,813,612
+4,907,612
+257% +$319M
MSFT icon
2
Microsoft
MSFT
$2.84T
$323M 15.34%
623,300
– –
AMZN icon
3
Amazon
AMZN
$2.5T
$235M 11.17%
1,071,100
– –
GLD icon
4
SPDR Gold Trust
GLD
$131B
$235M 11.17%
661,391
+328,391
+99% +$105M
BKNG icon
5
Booking.com
BKNG
$138B
$170M 8.08%
787,475
– –
GOOGL icon
6
Alphabet (Google) Class A
GOOGL
$3.91T
$157M 7.46%
646,200
– –
META icon
7
Meta Platforms (Facebook)
META
$1.51T
$120M 5.7%
163,260
– –
NVDA icon
8
NVIDIA
NVDA
$5.01T
$109M 5.18%
583,931
-76,900
-12% -$13.4M
LNW
9
DELISTED
Light & Wonder
LNW
$94.5M 4.49%
1,125,210
+503,804
+81% +$46.3M
TSM icon
10
TSMC
TSM
$2.09T
$59.2M 2.81%
+211,790
New +$51.8M
Z icon
11
Zillow
Z
$7.04B
$51M 2.42%
+662,045
New +$54.1M
AVGO icon
12
Broadcom
AVGO
$1.82T
$33M 1.57%
99,900
-92,800
-48% -$28.5M
FLUT icon
13
Flutter Entertainment
FLUT
$17.6B
$29.3M 1.39%
+115,481
New +$33.8M
ZG icon
14
Zillow
ZG
$7.02B
$22.4M 1.06%
+301,122
New +$23.7M
KLAR
15
Klarna Group
KLAR
$6.56B
$16.8M 0.8%
+459,163
New +$19.7M
PCT icon
16
PureCycle Technologies
PCT
$1.17B
$2.41M 0.11%
714,285
-1,188,526
-62% -$16.5M
MAZE
17
Maze Therapeutics
MAZE
$1.53B
$2.4M 0.11%
92,396
-545,132
-86% -$9.2M
TXG icon
18
10x Genomics
TXG
$5.87B
$1.99M 0.09%
170,000
– –
PCTTW
19
PureCycle Technologies Inc Warrant
PCTTW
$9.5M
– –
-714,285
Closed -$3.02M

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MCC
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ST
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DE
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SI
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WIC
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GC
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RHJA
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Harvard Management Company's Q3 2025 Portfolio in Review

As of Q3 2025, Harvard Management Company held 19 positions worth $2.1B, up 47% from $1.44B the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Harvard Management Company deployed $583M of net new capital in Q3 2025, opening 5 new positions and adding to 3 existing holdings. Its largest new stake was Zillow: 662,045 shares worth $51M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, down from 33% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was Broadcom, an estimated $28.5M trimmed.

  • Harvard Management Company's largest Q3 2025 buy was Zillow: 662,045 shares worth $51M.
  • Harvard Management Company added most to iShares Bitcoin Trust in Q3 2025, an estimated $319M increase.
  • Harvard Management Company's biggest Q3 2025 reduction was Broadcom, cutting an estimated $28.5M.
  • Harvard Management Company fully exited PureCycle Technologies Inc Warrant in Q3 2025, selling an estimated $3.02M.
  • Harvard Management Company's ten largest holdings make up 92% of its $2.1B portfolio in Q3 2025.
  • Harvard Management Company opened 5 new positions and closed 1 in Q3 2025.
  • Harvard Management Company's portfolio value rose 47% quarter-over-quarter to $2.1B.

Based on Harvard Management Company's 13F filing for Q3 2025, filed 14 Nov 2025.