Common Fund for Nonprofit Organizations
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Common Fund for Nonprofit Organizations reported 25 stock positions worth $1.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 48.3% of the portfolio, followed by NT Mstar GLBL NR ETF (GUNR, 16.5%) and Vanguard S&P 500 ETF (VOO, 9.3%). Compared with Q2 2025, it opened 2 new positions, sold out of 3, added to 11 and reduced 9. The biggest buy was a new position in NT Mstar GLBL NR ETF (GUNR) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- NORWALK, CT
- CIK
- 0002022949
- Portfolio Value
- $1.2B (Q3 2025)
- SEC Filing
- 0000905148-25-004010 ↗ filed Nov 14, 2025
Holdings Value
Holdings 25 stocks · $1.2B
| SPY SS SPDR S&P 500 ETF Trust-US | 48.31% | 843,755 | $562.1M | Reduce -15.2% |
| GUNR NT Mstar GLBL NR ETF | 16.54% | 4,395,091 | $192.4M | New |
| VOO Vanguard S&P 500 ETF | 9.30% | 176,756 | $108.2M | Add +31.8% |
| ACWI iShares MSCI Acwi ETF | 5.90% | 496,559 | $68.6M | Reduce -4.2% |
| RSP Invesco S&P 500 Equal Weight | 3.62% | 221,847 | $42.1M | Add +37.8% |
| AGG iShares Core U.S. Aggregate | 3.52% | 408,843 | $41.0M | Add +37.8% |
| ACWV iShares MSCI Global Min Vol | 2.65% | 257,027 | $30.8M | New |
| VEA Vanguard Ftse Developed ETF | 2.37% | 460,061 | $27.6M | Add +294.4% |
| IVV iShares Core S&P 500 ETF | 1.66% | 28,833 | $19.3M | Reduce -43.7% |
| EFA iShares MSCI Eafe ETF | 1.50% | 187,422 | $17.5M | Add +21.6% |
| IJH iShares Core S&P Midcap ETF | 0.86% | 153,826 | $10.0M | Reduce -37.4% |
| CATH Global X S&P 500 Ca Val ETF | 0.86% | 122,814 | $10.0M | Reduce -6.7% |
| IJR iShares Core S&P Small-Cap E | 0.79% | 77,375 | $9.2M | Reduce -30.2% |
| IEF iShares 7-10 Year Treasury B | 0.75% | 90,284 | $8.7M | Add +1.0% |
| VNQ Vanguard Real Estate ETF | 0.49% | 62,066 | $5.7M | Reduce -68.3% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.22% | 39,276 | $2.6M | Add +8.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.17% | 28,147 | $2.0M | Add +0.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 2,585 | $1.6M | Add +0.5% |
| ISRA Vaneck Israel ETF | 0.09% | 18,255 | $997K | No change |
| CMDY iShares Bloomberg Roll Selec | 0.08% | 17,134 | $901K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.07% | 15,948 | $864K | Reduce -88.6% |
| SUSA iShares ESG Optimized MSCI U | 0.04% | 3,669 | $498K | Add +7.3% |
| EEM iShares MSCI Emerging Market | 0.03% | 7,525 | $402K | No change |
| EAGG iShares ESG Aware US Aggrega | 0.03% | 7,871 | $378K | Add +10.9% |
| GVI iShares Intermediate Governm | 0.02% | 1,941 | $209K | Reduce -30.1% |
Portfolio Sells Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -15.2% | 48.31% | −15.17 |
| IVV iShares Core S&P 500 ETF | Reduce -43.7% | 1.66% | −1.63 |
| IOT Samsara Inc. Class A | Sold out | 0.00% | −1.59 |
| VNQ Vanguard Real Estate ETF | Reduce -68.3% | 0.49% | −1.31 |
| ACWI iShares MSCI Acwi ETF | Reduce -4.2% | 5.90% | −0.98 |
| IJH iShares Core S&P Midcap ETF | Reduce -37.4% | 0.86% | −0.71 |
| VWO Vanguard Ftse Emerging Marke | Reduce -88.6% | 0.07% | −0.64 |
| IWO iShares Russell 2000 Growth | Sold out | 0.00% | −0.53 |
| IJR iShares Core S&P Small-Cap E | Reduce -30.2% | 0.79% | −0.46 |
| CATH Global X S&P 500 Ca Val ETF | Reduce -6.7% | 0.86% | −0.17 |
| PONY Pony AI Inc. | Sold out | 0.00% | −0.05 |
| GVI iShares Intermediate Governm | Reduce -30.1% | 0.02% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| GUNR NT Mstar GLBL NR ETF | New | 16.54% | +16.54 |
| ACWV iShares MSCI Global Min Vol | New | 2.65% | +2.65 |
| VEA Vanguard Ftse Developed ETF | Add +294.4% | 2.37% | +1.68 |
| VOO Vanguard S&P 500 ETF | Add +31.8% | 9.30% | +1.43 |
| RSP Invesco S&P 500 Equal Weight | Add +37.8% | 3.62% | +0.59 |
| AGG iShares Core U.S. Aggregate | Add +37.8% | 3.52% | +0.48 |
| EFA iShares MSCI Eafe ETF | Add +21.6% | 1.50% | +0.08 |
| SUSA iShares ESG Optimized MSCI U | Add +7.3% | 0.04% | −0.00 |
| EAGG iShares ESG Aware US Aggrega | Add +10.9% | 0.03% | −0.00 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +8.2% | 0.22% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.5% | 0.13% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.5% | 0.17% | −0.02 |
| IEF iShares 7-10 Year Treasury B | Add +1.0% | 0.75% | −0.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 29 | $1.1B | SPY, GUNR, ACWI, VOO, AGG |
| Q1 2026 | 26 | $1.0B | SPY, GUNR, ACWI, VOO, AGG |
| Q4 2025 | 26 | $1.2B | SPY, GUNR, ACWI, VOO, AGG |
| Q3 2025 | 25 | $1.2B | SPY, GUNR, VOO, ACWI, RSP |
| Q2 2025 | 26 | $968.2M | SPY, VOO, ACWI, IVV, AGG |
| Q1 2025 | 22 | $899.4M | SPY, VOO, ACWI, IVV, AGG |
| Q4 2024 | 23 | $888.2M | SPY, VOO, ACWI, IVV, EWJ |
| Q3 2024 | 24 | $834.4M | SPY, VOO, EWJ, IVV, ACWI |
| Q2 2024 | 16 | $724.9M | SPY, VOO, EWJ, IOT, CATH |
| Q1 2024 | 13 | $589.0M | SPY, EWJ, VOO, IOT, CATH |