Breaking Down Harvard's Stock Portfolio — The Good, the Bad & the Ugly! – 10/05/26

Harvard has a $50+ billion endowment—but where is some of that money actually invested?

Today on TraderMerlin, we're cracking open the latest 13F filing from Harvard Management Company and taking a look inside Harvard's publicly disclosed stock portfolio.

And I have to say...

This portfolio probably isn't what most people would expect.

Harvard's latest filing reports approximately $4.26 BILLION across just 19 positions, and rather than finding an ultra-conservative portfolio dominated by boring dividend stocks, utilities and defensive investments, we find significant exposure to technology, semiconductors, artificial intelligence, gold and even Bitcoin.

At the top of the list?

SpaceX. Taiwan Semiconductor. Cerebras. Amazon. Alphabet. Nvidia.

That's a pretty interesting collection of names!

So today we're going to do something simple:

If Harvard handed us its portfolio and asked us to grade it...would we call it GOOD, BAD or UGLY?

We'll break down:

Harvard's Latest 13F – What the university actually disclosed to the SEC The 19 Holdings – What's in the portfolio and how much Harvard has invested in each position SpaceX – Why Harvard's largest disclosed position immediately jumps off the page Semiconductors & AI – TSMC, Cerebras, Nvidia and Broadcom give Harvard some serious exposure to the AI infrastructure boom Big Tech – Amazon, Alphabet, Microsoft and Meta remain important pieces of the portfolio Gold – Why Harvard owns exposure through both IAU and GLD Bitcoin – Harvard's exposure through BlackRock's iShares Bitcoin Trust Concentration Risk – Is Harvard making smart high-conviction investments—or taking more risk than you might expect? Diversification – Does 19 positions really constitute a diversified portfolio? Valuation – Are some of these companies simply too expensive at today's prices? The Good, Bad & Ugly – What I like, what concerns me and what I would change But there's an important disclaimer here.