National Philanthropic Trust
Long book
$9.38B
Q1 2026
Positions
365
Top-10 weight
70%
concentration
Last quarter
+13.9%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsNational Philanthropic Trust is an institutional manager, running a $9.38B US long book across 365 positions.
The portfolio is concentrated: the top 10 names carry 70% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, ALPHABET INC-CL A, APOLLO GLOBAL MANAGEMENT INC, ISHARES CORE S&P 500 ETF, BROADCOM INC.
Over the last 9 quarters its long book ran on average 1.7pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+12.1%
Q2 2024
+4.6%
Q3 2024
+11.1%
Q4 2024
-12.0%
Q1 2025
+20.2%
Q2 2025
+10.9%
Q3 2025
+4.8%
Q4 2025
-9.7%
Q1 2026
+13.9%
Sector allocation
Technology 60%
Financials 23%
Consumer discretionary 10%
Industrials 2%
Services media 2%
Healthcare 2%
Consumer staples 1%
Other 1%
Long book by quarter
What does National Philanthropic own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 9.7M | $1.70B | 18.1% | -0.1% |
| GOOGL ALPHABET INC-CL A | Technology | 3.7M | $1.08B | 11.5% | +11.5% |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 9.0M | $1.00B | 10.7% | -0.1% |
| AVGO BROADCOM INC | Technology | 1.6M | $483.3M | 5.2% | -0.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.8M | $374.8M | 4.0% | +44.3% |
| GOOG ALPHABET INC-CL C | Technology | 821.8K | $235.7M | 2.5% | -1.7% |
| BX BLACKSTONE INC | Financials | 2.0M | $227.2M | 2.4% | +23.2% |
| CVNA CARVANA CO | Consumer discretionary | 657.1K | $206.6M | 2.2% | 0.0% |
| MSFT MICROSOFT CORP | Technology | 460.4K | $170.4M | 1.8% | -3.6% |
| ABNB AIRBNB INC-CLASS A | Services media | 479.6K | $60.6M | 0.6% | Held |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 37.9K | $50.1M | 0.5% | +2273.9% |
| TDG TRANSDIGM GROUP INC | Industrials | 39.9K | $46.2M | 0.5% | -2.0% |
| RBLX ROBLOX CORP -CLASS A | Technology | 667.7K | $37.8M | 0.4% | -1.5% |
| KKR KKR & CO INC | Financials | 385.9K | $35.7M | 0.4% | Held |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 2.3M | $33.5M | 0.4% | -0.4% |
| OWL BLUE OWL CAPITAL INC | Financials | 3.5M | $31.9M | 0.3% | -22.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 99.4K | $26.9M | 0.3% | -0.3% |
| MDLN MEDLINE INC-CL A | Healthcare | 554.9K | $24.7M | 0.3% | New |
| AAPL APPLE INC | Technology | 90.4K | $22.9M | 0.2% | -24.5% |
| PANW PALO ALTO NETWORKS INC | Technology | 113.4K | $18.2M | 0.2% | -0.4% |
| CPNG COUPANG INC | Consumer discretionary | 890.2K | $16.8M | 0.2% | +1.1% |
| KRMN KARMAN HOLDINGS INC | Industrials | 200.0K | $16.0M | 0.2% | Held |
| GRBK GREEN BRICK PARTNERS INC | Industrials | 231.6K | $14.9M | 0.2% | Held |
| TLN TALEN ENERGY CORP | Utilities | 46.7K | $14.9M | 0.2% | Held |
| CALM CAL-MAINE FOODS INC | Consumer staples | 168.0K | $13.3M | 0.1% | Held |
| PEP PEPSICO INC | Consumer staples | 83.4K | $12.9M | 0.1% | 0.0% |
| TPG TPG INC | Financials | 309.1K | $12.5M | 0.1% | Held |
| ETON ETON PHARMACEUTICALS INC | Healthcare | 492.1K | $12.1M | 0.1% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 21.1K | $12.1M | 0.1% | -7.8% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 14 | $10.1M | 0.1% | Held |
| DASH DOORDASH INC - A | Services media | 66.6K | $10.0M | 0.1% | +1.9% |
| DVA DAVITA INC | Healthcare | 62.9K | $9.7M | 0.1% | Held |
| BN BROOKFIELD CORP | Real estate | 218.5K | $8.8M | 0.1% | Held |
| LYB LYONDELLBASELL INDU-CL A | Other | 101.8K | $8.2M | 0.1% | +1.7% |
| ALGN ALIGN TECHNOLOGY INC | Healthcare | 47.7K | $8.2M | 0.1% | -0.3% |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 116.5K | $8.1M | 0.1% | -7.8% |
| ARLO ARLO TECHNOLOGIES INC | Services media | 563.3K | $8.0M | 0.1% | Held |
| CVX CHEVRON CORP | Energy | 38.3K | $7.9M | 0.1% | +1.1% |
| APPN APPIAN CORP-A | Technology | 299.5K | $7.2M | 0.1% | Held |
| CUBI CUSTOMERS BANCORP INC | Financials | 103.2K | $7.2M | 0.1% | Held |
| SLNOEUR SOLENO THERAPEUTICS INC | — | 200.0K | $6.7M | 0.1% | +187.6% |
| GS GOLDMAN SACHS GROUP INC | Financials | 7.9K | $6.7M | 0.1% | -3.0% |
| NMFC NEW MOUNTAIN FINANCE CORP | — | 852.9K | $6.6M | 0.1% | Held |
| ORCL ORACLE CORP | Technology | 44.8K | $6.6M | 0.1% | -1.0% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 82.4K | $6.5M | 0.1% | Held |
| INCY INCYTE CORP | Healthcare | 67.7K | $6.4M | 0.1% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 21.3K | $6.3M | 0.1% | -7.4% |
| TSLA TESLA INC | Industrials | 16.7K | $6.2M | 0.1% | -59.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 24.7K | $6.0M | 0.1% | -0.2% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 41.0K | $6.0M | 0.1% | -2.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 365 | $9.38B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | May 15, 2026 | 386 | $10.13B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | May 15, 2026 | 326 | $8.94B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | May 15, 2026 | 283 | $7.47B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2026 | 265 | $6.19B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | May 15, 2026 | 269 | $6.94B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | May 15, 2026 | 253 | $5.51B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | May 15, 2026 | 258 | $5.24B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2026 | 269 | $4.58B | canonical | SEC ↗ |
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