Michael & Susan Dell Foundation
Long book
$2.85B
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
+34.7%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsMichael & Susan Dell Foundation is a wealth-management firm allocating client money, specialised in technology (92% of the long book), running a $2.85B US long book across 8 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES CORE S&P 500 ETF, DELL TECHNOLOGIES -C, BROADCOM INC, HAYWARD HOLDINGS INC, VANGUARD TOTAL STOCK MKT ETF.
Over the last 9 quarters its long book ran on average 5.6pp per quarter ahead of the S&P 500, beating the index in 7 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/options Fund long book S&P 500
Q1 2024
+18.9%
Q2 2024
+7.6%
Q3 2024
+15.5%
Q4 2024
-10.6%
Q1 2025
+13.5%
Q2 2025
+9.3%
Q3 2025
+2.6%
Q4 2025
-0.9%
Q1 2026
+34.7%
Sector allocation
Technology 89%
Industrials 8%
Other 3%
Healthcare 0%
Long book by quarter
What does Michael & own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 8 | $2.85B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 8 | $2.88B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 4 | $2.45B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 4 | $2.30B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 4 | $1.95B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 4 | $1.86B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 4 | $1.40B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 2 | $980.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 6 | $802.2M | canonical | SEC ↗ |