Howard Hughes Medical Institute
Long book
$415.8M
Q1 2026
Positions
31
Top-10 weight
83%
concentration
Last quarter
+20.9%
SPY +14.8%
Turnover
94%
of book per quarter
Strategy in plain words
auto-generated from filingsHoward Hughes Medical Institute is a diversified fundamental manager, specialised in technology (80% of the long book), running a $415.8M US long book across 31 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, NVIDIA CORP, APPLE INC, ALPHABET INC-CL A, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 0.6pp per quarter ahead of the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.3%
Q2 2024
+5.8%
Q3 2024
+2.2%
Q4 2024
-4.3%
Q1 2025
+10.8%
Q2 2025
+8.1%
Q3 2025
+2.7%
Q4 2025
-4.4%
Q1 2026
+20.9%
Sector allocation
Technology 79%
Industrials 8%
Consumer discretionary 8%
Services media 4%
Other 1%
Long book by quarter
What does Howard Hughes own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 322.1K | $56.2M | 13.5% | +6069.4% |
| AAPL APPLE INC | Technology | 198.8K | $50.4M | 12.1% | +6142.3% |
| GOOGL ALPHABET INC-CL A | Technology | 143.7K | $41.3M | 9.9% | +11393.2% |
| MSFT MICROSOFT CORP | Technology | 102.3K | $37.9M | 9.1% | +6294.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 132.9K | $27.7M | 6.7% | +6248.4% |
| AVGO BROADCOM INC | Technology | 65.0K | $20.1M | 4.8% | +6300.4% |
| META META PLATFORMS INC-CLASS A | Technology | 30.8K | $17.6M | 4.2% | +6464.4% |
| TSLA TESLA INC | Industrials | 41.2K | $15.3M | 3.7% | +6728.7% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 5.4K | $7.1M | 1.7% | New |
| NFLX NETFLIX INC | Services media | 58.7K | $5.6M | 1.4% | +6326.1% |
| MU MICRON TECHNOLOGY INC | Technology | 15.7K | $5.3M | 1.3% | +6416.2% |
| AMD ADVANCED MICRO DEVICES | Technology | 22.6K | $4.6M | 1.1% | +6364.0% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 30.8K | $4.5M | 1.1% | +6176.9% |
| CSCO CISCO SYSTEMS INC | Technology | 50.3K | $3.9M | 0.9% | +5820.7% |
| AMAT APPLIED MATERIALS INC | Technology | 11.0K | $3.8M | 0.9% | +6286.0% |
| LRCX LAM RESEARCH CORP | Industrials | 17.4K | $3.7M | 0.9% | +6343.0% |
| ORCL ORACLE CORP | Technology | 23.9K | $3.5M | 0.8% | +6525.3% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 13.0K | $3.2M | 0.8% | +6379.1% |
| KLAC KLA CORP | Other | 1.8K | $2.7M | 0.6% | +6417.9% |
| INTC INTEL CORP | Technology | 57.1K | $2.5M | 0.6% | +5821.5% |
| TXN TEXAS INSTRUMENTS INC | Technology | 12.6K | $2.5M | 0.6% | +6351.5% |
| DIS WALT DISNEY CO/THE | Services media | 24.7K | $2.4M | 0.6% | +6305.2% |
| CRM SALESFORCE INC | Technology | 12.6K | $2.4M | 0.6% | +6052.2% |
| UBER UBER TECHNOLOGIES INC | Services media | 28.9K | $2.1M | 0.5% | +6364.2% |
| QCOM QUALCOMM INC | Technology | 14.8K | $1.9M | 0.5% | +6295.7% |
| BKNG BOOKING HOLDINGS INC | Industrials | 444 | $1.9M | 0.4% | +6242.9% |
| ACN ACCENTURE PLC-CL A | Services media | 8.6K | $1.7M | 0.4% | +6323.1% |
| INTU INTUIT INC | Technology | 3.8K | $1.6M | 0.4% | +6223.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 31 | $415.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 500 | $174.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 500 | $170.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 501 | $250.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 2 | $202.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 2 | $568.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 2 | $630.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 1 | $466.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 2 | $332.9M | canonical | SEC ↗ |