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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
+7.53%
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
$2.1B
AUM Growth
+$669M
(+47%)
Cap. Flow
+$583M
Cap. Flow
% of AUM
27.68%
Top 10 Holdings %
Top 10 Hldgs %
92.43%
Holding
19
New
5
Increased
3
Reduced
4
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Bitcoin Trust
IBIT
|
+$319M |
| 2 |
SPDR Gold Trust
GLD
|
+$105M |
| 3 |
Zillow
Z
|
+$54.1M |
| 4 |
TSMC
TSM
|
+$51.8M |
| 5 |
LNW
Light & Wonder
LNW
|
+$46.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$28.5M |
| 2 |
PureCycle Technologies
PCT
|
+$16.5M |
| 3 |
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 | Miscellaneous | 32.21% |
| 2 | Consumer Discretionary | 25.13% |
| 3 | Technology | 24.89% |
| 4 | Communication Services | 16.65% |
| 5 | Financials | 0.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
iShares Bitcoin Trust
IBIT
$61.2B
| $443M | 21.04% |
6,813,612
+4,907,612
| +257% | +$319M |
|
2
Microsoft
MSFT
$3.65T
| $323M | 15.34% |
623,300
| – | – |
|
3
Amazon
AMZN
$2.71T
| $235M | 11.17% |
1,071,100
| – | – |
|
|
4
SPDR Gold Trust
GLD
$149B
| $235M | 11.17% |
661,391
+328,391
| +99% | +$105M |
|
5
Booking.com
BKNG
$129B
| $170M | 8.08% |
787,475
| – | – |
|
6
Alphabet (Google) Class A
GOOGL
$4.03T
| $157M | 7.46% |
646,200
| – | – |
|
7
Meta Platforms (Facebook)
META
$1.65T
| $120M | 5.7% |
163,260
| – | – |
|
|
8
NVIDIA
NVDA
$5.42T
| $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 |
|
|
10
TSMC
TSM
$2.25T
| $59.2M | 2.81% |
+211,790
| New | +$51.8M |
|
|
11
Zillow
Z
$7.23B
| $51M | 2.42% |
+662,045
| New | +$54.1M |
|
|
12
Broadcom
AVGO
$1.72T
| $33M | 1.57% |
99,900
-92,800
| -48% | -$28.5M |
|
13
Flutter Entertainment
FLUT
$17B
| $29.3M | 1.39% |
+115,481
| New | +$33.8M |
|
14
Zillow
ZG
$7.36B
| $22.4M | 1.06% |
+301,122
| New | +$23.7M |
|
|
KLAR
15
Klarna Group
KLAR
$5.29B
| $16.8M | 0.8% |
+459,163
| New | +$19.7M |
|
|
16
PureCycle Technologies
PCT
$1.28B
| $2.41M | 0.11% |
714,285
-1,188,526
| -62% | -$16.5M |
|
|
MAZE
17
Maze Therapeutics
MAZE
$1.4B
| $2.4M | 0.11% |
92,396
-545,132
| -86% | -$9.2M |
|
18
10x Genomics
TXG
$8.67B
| $1.99M | 0.09% |
170,000
| – | – |
|
|
PCTTW
19
PureCycle Technologies Inc Warrant
PCTTW
$8.58M
| – | – |
-714,285
| Closed | -$3.02M |
|
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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 Miscellaneous at 32% of assets, up from 15% a quarter earlier, followed by Consumer Discretionary and Technology.
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.