TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
Long book
$296.8M
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
-7.8%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filingsTRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA is a diversified fundamental manager, running a $296.8M US long book across 4 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: KARMAN HOLDINGS INC, USA RARE EARTH INC, INTUITIVE MACHINES INC, KRISPY KREME INC.
Over the last 5 quarters its long book ran on average 4.9pp per quarter behind the S&P 500, beating the index in 3 of 5 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
-29.4%
Q2 2024
+9.9%
Q3 2024
+16.1%
Q4 2025
+9.7%
Q1 2026
-7.8%
Sector allocation
Industrials 53%
Materials 25%
Technology 20%
Consumer discretionary 2%
Long book by quarter
What does TRUSTEES OF own?
Q1 2026 13F13F filing history
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