George Kaiser Family Foundation

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), George Kaiser Family Foundation reported 68 stock positions worth $680.5 million. Its top holding was Bok Financial (BOKF) at 51.5% of the portfolio, followed by Excelerate Energy Class A (EE, 33.1%) and Aspen Aerogels (ASPN, 3.0%). Compared with Q4 2024, it opened 52 new positions, sold out of 1, added to 5 and reduced 2. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale an exit from Gxo Logistics (GXO).

Most Recent 13F
Q2 2026
Location
TULSA, OK
CIK
0001265376
Portfolio Value
$680.5M (Q1 2025)
SEC Filing
0001140361-25-018703 ↗ filed May 13, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $527.3M Q1 2024 Q2 2024: $565.9M Q2 2024 Q3 2024: $654.3M Q3 2024 Q4 2024: $678.8M Q4 2024 Q1 2025: $680.5M $680.5M Q1 2025 Q2 2025: $693.9M Q2 2025 Q3 2025: $712.6M Q3 2025 Q4 2025: $747.2M Q4 2025 Q1 2026: $882.8M Q1 2026 Q2 2026: $1.0B Q2 2026

Holdings 68 stocks · $680.5M
BOKF Bok Financial Corporation 51.45% 3,361,707 $350.1M No change
EE Excelerate Energy Inc. Class A 33.10% 7,854,167 $225.3M No change
ASPN Aspen Aerogels Inc. 2.97% 3,167,322 $20.2M No change
SPY SS SPDR S&P 500 ETF Trust-US 2.13% 25,920 $14.5M New
IWL iShares Russell Top 200 ETF 1.83% 90,755 $12.5M New
INTA Intapp Inc. 0.83% 97,225 $5.7M Reduce -18.4%
NOW ServiceNow Inc. 0.71% 6,074 $4.8M Add +5.4%
JBL Jabil Inc. 0.67% 33,628 $4.6M No change
PTC PTC Inc. 0.56% 24,555 $3.8M No change
FROG Jfrog Ltd. 0.55% 116,234 $3.7M Add +13.0%
DSGX The Descartes Systems Grp 0.51% 34,575 $3.5M No change
ALKT Alkami Technology Inc. 0.43% 112,315 $2.9M New
CYBR Cyberark Software Ltd./Israel 0.42% 8,554 $2.9M Reduce -31.2%
MORN Morningstar Inc. 0.41% 9,349 $2.8M Add +21.5%
TW Tradeweb Markets Inc. Class A 0.41% 18,791 $2.8M New
TYL Tyler Technologies Inc. 0.36% 4,177 $2.4M No change
BOC Boston Omaha Corp. Class A 0.30% 140,932 $2.1M No change
PCOR Procore Technologies Inc. 0.22% 22,928 $1.5M No change
UNH Unitedhealth Group Inc. 0.08% 1,100 $576K Add +135.6%
HURC Hurco Companies Inc. 0.07% 28,591 $443K Add +16.4%
BRO Brown & Brown Inc. 0.05% 2,666 $332K New
ORLY O'reilly Automotive Inc. 0.05% 225 $322K New
AZO AutoZone Inc. 0.05% 84 $320K New
BRK.B Berkshire Hathaway Inc. Class B 0.05% 597 $318K New
NFLX Netflix Inc. 0.05% 339 $316K New
AXON Axon Enterprise Inc. 0.05% 599 $315K New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.05% 899 $310K New
PGR Progressive Corp. 0.04% 1,072 $303K New
WM Waste Management Inc. 0.04% 1,298 $301K New
MA Mastercard Inc. Class A 0.04% 539 $295K New
CPRT Copart Inc. 0.04% 5,218 $295K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.04% 2,411 $294K New
VRTX Vertex Pharmaceuticals Inc. 0.04% 597 $289K New
TDG Transdigm Group Inc. 0.04% 209 $289K New
CTAS Cintas Corp. 0.04% 1,394 $287K New
INTU Intuit Inc. 0.04% 464 $285K New
LIN Linde PLC 0.04% 611 $285K New
CDNS Cadence Design SYS Inc. 0.04% 1,110 $282K New
MCO Moody's Corp. 0.04% 602 $280K New
SPGI S&P Global Inc. 0.04% 549 $279K New
AMZN Amazon.com Inc. 0.04% 1,460 $278K New
MSCI MSCI Inc. 0.04% 487 $275K New
COST Costco Wholesale Corp. 0.04% 291 $275K New
FICO Fair Isaac Corp. 0.04% 149 $275K New
AAPL Apple Inc. 0.04% 1,227 $273K New
BX Blackstone Inc. 0.04% 1,938 $271K New
SHW The Sherwin-Williams Co. 0.04% 775 $271K New
ISRG Intuitive Surgical Inc. 0.04% 546 $270K New
MELI MercadoLibre Inc. 0.04% 138 $269K New
PANW Palo Alto Networks Inc. 0.04% 1,572 $268K New
META Meta Platforms Inc. Class A 0.04% 460 $265K New
GOOGL Alphabet Inc. Class A 0.04% 1,708 $264K New
MSFT Microsoft Corp. 0.04% 701 $263K New
HD Home Depot Inc. 0.04% 718 $263K New
TT Trane Technologies PLC 0.04% 780 $263K New
KLAC KLA Corp. 0.04% 383 $260K New
LRCX Lam Research Corp. 0.04% 3,575 $260K New
AVGO Broadcom Inc. 0.04% 1,552 $260K New
TSM Taiwan Semiconductor-SP ADR 0.04% 1,558 $259K New
ETN Eaton Corp. PLC 0.04% 947 $257K New
SNPS Synopsys Inc. 0.04% 597 $256K New
NVDA Nvidia Corp. 0.04% 2,356 $255K New
TMO Thermo Fisher Scientific Inc. 0.04% 513 $255K New
LLY Eli Lilly & Co. 0.04% 309 $255K New
DHI D.R. Horton Inc. 0.04% 1,937 $246K New
ANET Arista Networks Inc. 0.04% 3,114 $241K New
IT Gartner Inc. 0.04% 570 $239K New
MPWR Monolithic Power Systems Inc. 0.03% 401 $233K New

Portfolio Sells Q4 2024 → Q1 2025
GXO Gxo Logistics Inc. Sold out 0.00% −0.32
INTA Intapp Inc. Reduce -18.4% 0.83% −0.29
CYBR Cyberark Software Ltd./Israel Reduce -31.2% 0.42% −0.19

Portfolio Buys Q4 2024 → Q1 2025
SPY SS SPDR S&P 500 ETF Trust-US New 2.13% +2.13
IWL iShares Russell Top 200 ETF New 1.83% +1.83
ALKT Alkami Technology Inc. New 0.43% +0.43
TW Tradeweb Markets Inc. Class A New 0.41% +0.41
FROG Jfrog Ltd. Add +13.0% 0.55% +0.10
UNH Unitedhealth Group Inc. Add +135.6% 0.08% +0.05
BRO Brown & Brown Inc. New 0.05% +0.05
ORLY O'reilly Automotive Inc. New 0.05% +0.05
AZO AutoZone Inc. New 0.05% +0.05
BRK.B Berkshire Hathaway Inc. Class B New 0.05% +0.05
NFLX Netflix Inc. New 0.05% +0.05
AXON Axon Enterprise Inc. New 0.05% +0.05
AJG Arthur J Gallagher & Co. New 0.05% +0.05
PGR Progressive Corp. New 0.04% +0.04
WM Waste Management Inc. New 0.04% +0.04
CPRT Copart Inc. New 0.04% +0.04
MA Mastercard Inc. Class A New 0.04% +0.04
TJX TJX Companies Inc. New 0.04% +0.04
TDG Transdigm Group Inc. New 0.04% +0.04
VRTX Vertex Pharmaceuticals Inc. New 0.04% +0.04
CTAS Cintas Corp. New 0.04% +0.04
INTU Intuit Inc. New 0.04% +0.04
LIN Linde PLC New 0.04% +0.04
CDNS Cadence Design SYS Inc. New 0.04% +0.04
MCO Moody's Corp. New 0.04% +0.04
SPGI S&P Global Inc. New 0.04% +0.04
AMZN Amazon.com Inc. New 0.04% +0.04
MSCI MSCI Inc. New 0.04% +0.04
COST Costco Wholesale Corp. New 0.04% +0.04
FICO Fair Isaac Corp. New 0.04% +0.04
AAPL Apple Inc. New 0.04% +0.04
BX Blackstone Inc. New 0.04% +0.04
SHW The Sherwin-Williams Co. New 0.04% +0.04
ISRG Intuitive Surgical Inc. New 0.04% +0.04
MELI MercadoLibre Inc. New 0.04% +0.04
PANW Palo Alto Networks Inc. New 0.04% +0.04
META Meta Platforms Inc. Class A New 0.04% +0.04
GOOGL Alphabet Inc. Class A New 0.04% +0.04
HD Home Depot Inc. New 0.04% +0.04
MSFT Microsoft Corp. New 0.04% +0.04
TT Trane Technologies PLC New 0.04% +0.04
KLAC KLA Corp. New 0.04% +0.04
AVGO Broadcom Inc. New 0.04% +0.04
LRCX Lam Research Corp. New 0.04% +0.04
TSM Taiwan Semiconductor-SP ADR New 0.04% +0.04
ETN Eaton Corp. PLC New 0.04% +0.04
SNPS Synopsys Inc. New 0.04% +0.04
LLY Eli Lilly & Co. New 0.04% +0.04
NVDA Nvidia Corp. New 0.04% +0.04
TMO Thermo Fisher Scientific Inc. New 0.04% +0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 105$1.0BBOKF, EE, SPY, IWL, BIL
Q1 2026 71$882.8MBOKF, EE, BIL, SPY, SGOV
Q4 2025 67$747.2MBOKF, EE, SPY, IWL, ASPN
Q3 2025 68$712.6MBOKF, EE, SPY, IWL, ASPN
Q2 2025 68$693.9MBOKF, EE, SPY, IWL, ASPN
Q1 2025 68$680.5MBOKF, EE, ASPN, SPY, IWL
Q4 2024 17$678.8MBOKF, EE, ASPN, INTA, NOW
Q3 2024 17$654.3MBOKF, EE, ASPN, INTA, NOW
Q2 2024 18$565.9MBOKF, EE, ASPN, NOW, PTC
Q1 2024 18$527.3MBOKF, EE, ASPN, NOW, PTCT