Board of Trustees of The Leland Stanford Junior University
Strategy in plain words
auto-generated from filingsBoard of Trustees of The Leland Stanford Junior University is a wealth-management firm allocating client money, specialised in technology (73% of the long book), running a $848.7M US long book across 22 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES MSCI EMERGING MARKET, ALPHABET INC-CL A, ISHARES MSCI JAPAN ETF, ISHARES MSCI EAFE ETF, SS SPDR S&P 500 ETF TRUST-US.
Over the last 9 quarters its long book ran on average 1.9pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/optionsSector allocation
Long book by quarter
What does Board of own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 394.4K | $113.4M | 13.4% | New |
| KOD KODIAK SCIENCES INC | Healthcare | 691.8K | $26.4M | 3.1% | Held |
| MPLT MAPLIGHT THERAPEUTICS INC | Healthcare | 199.2K | $4.1M | 0.5% | 0.0% |
| ANNX ANNEXON INC | Healthcare | 482.6K | $2.7M | 0.3% | Held |
| BSM BLACK STONE MINERALS LP | Energy | 147.9K | $2.2M | 0.3% | Held |
| WLTH WEALTHFRONT CORP | Financials | 208.5K | $1.9M | 0.2% | New |
| NAVN NAVAN INC-CL A | Technology | 110.6K | $1.5M | 0.2% | Held |
| VNOM VIPER ENERGY INC-CL A | Energy | 25.0K | $1.2M | 0.1% | Held |
| CHYM CHIME FINANCIAL INC-CL A | Financials | 42.1K | $789K | 0.1% | Held |
| MATX MATSON INC | Industrials | 2.7K | $443K | 0.1% | Held |
| LIFE ETHOS TECHNOLOGIES INC CL-A | Financials | 31.9K | $357K | 0.0% | New |
| MRLN MERLIN INC | Technology | 32.7K | $240K | 0.0% | New |
| BOLT BOLT BIOTHERAPEUTICS INC | Healthcare | 36.0K | $145K | 0.0% | Held |
| CARL CARLSMED INC | Healthcare | 12.5K | $113K | 0.0% | -50.0% |
| AMTX AEMETIS INC | Other | 25.3K | $81K | 0.0% | Held |
| HTCR HEARTCORE ENTERPRISES INC | Technology | 100.0K | $22K | 0.0% | Held |
| SKIN SKINHEALTH SYSTEMS INC | Healthcare | 10.0K | $9K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 22 | $848.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 22 | $496.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 5, 2025 | 20 | $850.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 21 | $923.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 20 | $1.18B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 23 | $1.17B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 25 | $1.17B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 28 | $1.47B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 26 | $1.14B | canonical | SEC ↗ |