HARVARD MANAGEMENT CO INC

Fundamental concentrated ★Highest signal CIK 1082621
League rank
#668
in Fundamental concentrated · #4391 overall
Long book
$1.82B
Q1 2026
Positions
17
Top-10 weight
90%
concentration
Last quarter
+10.9%
SPY +14.8%
Turnover
20%
of book per quarter

Strategy in plain words

auto-generated from filings

HARVARD MANAGEMENT CO INC is a concentrated fundamental stock-picker, running a $1.82B US long book across 17 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: TAIWAN SEMICONDUCTOR-SP ADR, SPDR GOLD SHARES, MICROSOFT CORP, ALPHABET INC-CL A, UNION PACIFIC CORP.

Over the last 9 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+11.1%
Q2 2024
+0.9%
Q3 2024
+5.5%
Q4 2024
-8.2%
Q1 2025
+28.5%
Q2 2025
+6.8%
Q3 2025
-1.7%
Q4 2025
-11.7%
Q1 2026
+10.9%

Sector allocation

Technology
60%
Industrials
24%
Consumer discretionary
12%
Services media
3%
Healthcare
1%
Other
1%

Long book by quarter

$1.59B
Q1 2024
$1.66B
Q2 2024
$1.74B
Q3 2024
$1.69B
Q4 2024
$1.13B
Q1 2025
$1.44B
Q2 2025
$2.10B
Q3 2025
$2.08B
Q4 2025
$1.82B
Q1 2026

What does HARVARD MANAGEMENT own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MSFT MICROSOFT CORPTechnology513.1K$189.9M10.5%+4.8%
GOOGL ALPHABET INC-CL ATechnology617.0K$177.4M9.8%-23.6%
UNP UNION PACIFIC CORPIndustrials634.4K$153.9M8.5%+3.8%
AMZN AMAZON.COM INCConsumer discretionary717.5K$149.4M8.2%+5.5%
BKNG BOOKING HOLDINGS INCIndustrials34.9K$147.1M8.1%+3.8%
AVGO BROADCOM INCTechnology473.9K$146.7M8.1%+47.3%
NVDA NVIDIA CORPTechnology743.8K$129.7M7.1%+81.3%
META META PLATFORMS INC-CLASS ATechnology194.6K$111.3M6.1%+7.0%
Z ZILLOW GROUP INC - CServices media562.0K$23.3M1.3%-15.1%
GENB GENERATE BIOMEDICINES INCHealthcare1.1M$13.9M0.8%New
ZG ZILLOW GROUP INC - AServices media284.8K$11.8M0.6%-5.4%
PPB FLUTTER ENTERTAINMENT PLC-DI80.3K$8.2M0.5%-30.4%
TXG 10X GENOMICS INC-CLASS AHealthcare170.0K$3.6M0.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202617$1.82B canonicalSEC ↗
Q4 202513F-HRFeb 13, 202619$2.08B canonicalSEC ↗
Q3 202513F-HRNov 14, 202518$2.10B canonicalSEC ↗
Q2 202513F-HRAug 8, 202514$1.44B canonicalSEC ↗
Q1 202513F-HRMay 9, 202514$1.13B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202516$1.69B canonicalSEC ↗
Q3 202413F-HRNov 14, 202415$1.74B canonicalSEC ↗
Q2 202413F-HRAug 9, 202415$1.66B canonicalSEC ↗
Q1 202413F-HRMay 10, 202412$1.59B canonicalSEC ↗