Board of Trustees of The Leland Stanford Junior University
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Board of Trustees of The Leland Stanford Junior University reported 22 stock positions worth $496.2 million. Its top holding was iShares MSCI Emerging Market (EEM) at 49.2% of the portfolio, followed by Alphabet Class C (GOOG, 24.9%) and iShares MSCI Japan ETF (EWJ, 15.8%). Compared with Q3 2025, it opened 8 new positions, sold out of 6, added to 1 and reduced 1. The biggest buy was iShares MSCI Emerging Market (EEM, shares +26%) and the biggest sale an exit from iShares MSCI Eafe ETF (EFA).
- Most Recent 13F
- Q2 2026
- Location
- STANFORD, CA
- CIK
- 0001315828
- Portfolio Value
- $496.2M (Q4 2025)
- SEC Filing
- 0001062993-26-000949 ↗ filed Feb 17, 2026
Holdings Value
Holdings 22 stocks · $496.2M
| EEM iShares MSCI Emerging Market | 49.16% | 4,458,700 | $243.9M | Add +25.8% |
| GOOG Alphabet Inc. Class C | 24.88% | 394,353 | $123.4M | New |
| EWJ iShares MSCI Japan ETF | 15.80% | 971,270 | $78.4M | No change |
| KOD Kodiak Sciences Inc. | 3.90% | 691,767 | $19.3M | No change |
| HTFL Heartflow Inc. | 1.83% | 312,234 | $9.1M | No change |
| NTRA Natera Inc. | 1.45% | 31,303 | $7.2M | New |
| MPLT Maplight Therapeutics Inc. | 0.71% | 199,233 | $3.5M | New |
| ANNX Annexon Inc. | 0.49% | 482,550 | $2.4M | No change |
| BSM Black Stone Minerals LP | 0.40% | 147,852 | $2.0M | No change |
| NAVN Navan Inc. Class A | 0.38% | 110,554 | $1.9M | New |
| KRP Kimbell Royalty Partners LP | 0.26% | 111,638 | $1.3M | No change |
| CHYM Chime Financial Inc. Class A | 0.21% | 42,110 | $1.1M | No change |
| VNOM Viper Energy Inc. Class A | 0.19% | 25,000 | $966K | No change |
| PFSI Pennymac Financial Services | 0.11% | 4,000 | $530K | New |
| MATX Matson Inc. | 0.07% | 2,700 | $334K | No change |
| CARL Carlsmed Inc. | 0.06% | 25,030 | $309K | No change |
| BOLT Bolt Biotherapeutics Inc. | 0.04% | 35,977 | $197K | Reduce 0.0% |
| SI Shoulder Innovations Inc. | 0.04% | 13,521 | $193K | No change |
| NXGL Nexgel Inc. | 0.01% | 32,500 | $52K | New |
| AMTX Aemetis Inc. | 0.01% | 25,300 | $35K | No change |
| HTCR Heartcore Enterprises Inc. | 0.01% | 100,000 | $31K | New |
| SKIN Skinhealth Systems Inc. filed as THE BEAUTY HEALTH COMPANY | 0.00% | 10,000 | $14K | New |
Portfolio Sells Q3 2025 → Q4 2025
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −36.73 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −22.42 |
| LNWO Light & Wonder Inc. | Sold out | 0.00% | −2.62 |
| QS Quantumscape Corp. | Sold out | 0.00% | −2.12 |
| CRCL Circle Internet Group Inc. | Sold out | 0.00% | −1.16 |
| SRZN Surrozen Inc. | Sold out | 0.00% | −0.08 |
| BOLT Bolt Biotherapeutics Inc. | Reduce 0.0% | 0.04% | +0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| EEM iShares MSCI Emerging Market | Add +25.8% | 49.16% | +26.92 |
| GOOG Alphabet Inc. Class C | New | 24.88% | +24.88 |
| NTRA Natera Inc. | New | 1.45% | +1.45 |
| MPLT Maplight Therapeutics Inc. | New | 0.71% | +0.71 |
| NAVN Navan Inc. Class A | New | 0.38% | +0.38 |
| PFSI Pennymac Financial Services | New | 0.11% | +0.11 |
| NXGL Nexgel Inc. | New | 0.01% | +0.01 |
| HTCR Heartcore Enterprises Inc. | New | 0.01% | +0.01 |
| SKIN Skinhealth Systems Inc. | New | 0.00% | +0.00 |
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 |