Board of Trustees of The Leland Stanford Junior University
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Board of Trustees of The Leland Stanford Junior University reported 20 stock positions worth $850.7 million. Its top holding was iShares MSCI Eafe ETF (EFA) at 36.7% of the portfolio, followed by Alphabet Class A (GOOGL, 22.4%) and iShares MSCI Emerging Market (EEM, 22.2%). Compared with Q2 2025, it opened 4 new positions, sold out of 5 and reduced 3. The biggest buy was a new position in Heartflow (HTFL) and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).
- Most Recent 13F
- Q2 2026
- Location
- STANFORD, CA
- CIK
- 0001315828
- Portfolio Value
- $850.7M (Q3 2025)
- SEC Filing
- 0001062993-25-016460 ↗ filed Nov 5, 2025
Holdings Value
Holdings 20 stocks · $850.7M
| EFA iShares MSCI Eafe ETF | 36.73% | 3,346,434 | $312.5M | No change |
| GOOGL Alphabet Inc. Class A | 22.42% | 784,750 | $190.8M | Reduce -44.1% |
| EEM iShares MSCI Emerging Market | 22.24% | 3,543,452 | $189.2M | No change |
| EWJ iShares MSCI Japan ETF | 9.16% | 971,270 | $77.9M | No change |
| LNWO Light & Wonder Inc. | 2.62% | 265,220 | $22.3M | No change |
| QS Quantumscape Corp. | 2.12% | 1,463,438 | $18.0M | Reduce -41.0% |
| KOD Kodiak Sciences Inc. | 1.33% | 691,767 | $11.3M | No change |
| HTFL Heartflow Inc. | 1.24% | 312,234 | $10.5M | New |
| CRCL Circle Internet Group Inc. | 1.16% | 74,284 | $9.8M | Reduce -5.6% |
| BSM Black Stone Minerals LP | 0.23% | 147,852 | $1.9M | No change |
| KRP Kimbell Royalty Partners LP | 0.18% | 111,638 | $1.5M | No change |
| ANNX Annexon Inc. | 0.17% | 482,550 | $1.5M | No change |
| VNOM Viper Energy Inc. Class A | 0.11% | 25,000 | $956K | New |
| CHYM Chime Financial Inc. Class A | 0.10% | 42,110 | $849K | No change |
| SRZN Surrozen Inc. | 0.08% | 52,130 | $672K | No change |
| CARL Carlsmed Inc. | 0.04% | 25,030 | $335K | New |
| MATX Matson Inc. | 0.03% | 2,700 | $266K | No change |
| BOLT Bolt Biotherapeutics Inc. | 0.02% | 35,978 | $191K | No change |
| SI Shoulder Innovations Inc. | 0.02% | 13,521 | $170K | New |
| AMTX Aemetis Inc. | 0.01% | 25,300 | $57K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −6.45 |
| GOOGL Alphabet Inc. Class A | Reduce -44.1% | 22.42% | −4.35 |
| AMPX Amprius Technologies Inc. | Sold out | 0.00% | −0.52 |
| CRCL Circle Internet Group Inc. | Reduce -5.6% | 1.16% | −0.39 |
| IOT Samsara Inc. Class A | Sold out | 0.00% | −0.20 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.10 |
| CRGX Cargo Therapeutics Inc. | Sold out | 0.00% | −0.01 |
| QS Quantumscape Corp. | Reduce -41.0% | 2.12% | +0.31 |
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 19 | $533.1M | EEM, GOOGL, KOD, CRWD, ANNX |
| Q1 2026 | 22 | $848.7M | EEM, GOOGL, EWJ, EFA, SPY |
| Q4 2025 | 22 | $496.2M | EEM, GOOG, EWJ, KOD, HTFL |
| Q3 2025 | 20 | $850.7M | EFA, GOOGL, EEM, EWJ, LNWO |
| Q2 2025 | 21 | $923.7M | EFA, GOOGL, EEM, EWJ, SPY |
| Q1 2025 | 20 | $1.2B | SPY, GOOGL, EEM, EFA, EWJ |
| Q4 2024 | 23 | $1.2B | SPY, GOOGL, EEM, EFA, EWJ |
| Q3 2024 | 25 | $1.2B | SPY, EFA, EEM, EWJ, LNWO |
| Q2 2024 | 28 | $1.5B | SPY, EFA, EEM, EWJ, LNWO |
| Q1 2024 | 26 | $1.1B | SPY, VNQ, LNWO, EWJ, QS |