George Kaiser Family Foundation

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), George Kaiser Family Foundation reported 68 stock positions worth $712.6 million. Its top holding was Bok Financial (BOKF) at 52.6% of the portfolio, followed by Excelerate Energy Class A (EE, 27.8%) and SS SPDR S&P 500 ETF Trust-US (SPY, 3.7%). Compared with Q2 2025, it opened 2 new positions, sold out of 2, added to 3 and reduced 1. The biggest buy was Procore Technologies (PCOR, shares +125%) and the biggest sale an exit from Cyberark Software Ltd./Israel (CYBR).

Most Recent 13F
Q2 2026
Location
TULSA, OK
CIK
0001265376
Portfolio Value
$712.6M (Q3 2025)
SEC Filing
0001140361-25-041634 ↗ filed Nov 12, 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 Q1 2025 Q2 2025: $693.9M Q2 2025 Q3 2025: $712.6M $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 · $712.6M
BOKF Bok Financial Corporation 52.57% 3,361,707 $374.6M No change
EE Excelerate Energy Inc. Class A 27.76% 7,854,167 $197.8M No change
SPY SS SPDR S&P 500 ETF Trust-US 3.70% 39,583 $26.4M No change
IWL iShares Russell Top 200 ETF 3.13% 134,450 $22.3M No change
ASPN Aspen Aerogels Inc. 3.09% 3,167,322 $22.0M No change
JBL Jabil Inc. 1.04% 33,980 $7.4M No change
INTA Intapp Inc. 0.77% 133,817 $5.5M Add +30.1%
FROG Jfrog Ltd. 0.73% 110,101 $5.2M No change
NOW ServiceNow Inc. 0.71% 5,550 $5.1M No change
TDG Transdigm Group Inc. 0.62% 3,377 $4.5M No change
ALKT Alkami Technology Inc. 0.54% 154,678 $3.8M Add +35.5%
PCOR Procore Technologies Inc. 0.53% 52,065 $3.8M Add +124.7%
TW Tradeweb Markets Inc. Class A 0.34% 21,848 $2.4M No change
TYL Tyler Technologies Inc. 0.31% 4,221 $2.2M No change
BOC Boston Omaha Corp. Class A 0.26% 140,932 $1.8M No change
DSGX The Descartes Systems Grp 0.26% 19,459 $1.8M Reduce -44.3%
ALTI Alti Global Inc. 0.15% 291,763 $1.0M New
UNH Unitedhealth Group Inc. 0.12% 2,395 $827K No change
HURC Hurco Companies Inc. 0.11% 44,968 $782K No change
AVGO Broadcom Inc. 0.11% 2,287 $755K No change
LRCX Lam Research Corp. 0.10% 5,514 $738K No change
ANET Arista Networks Inc. 0.10% 4,884 $712K No change
TSM Taiwan Semiconductor-SP ADR 0.09% 2,386 $666K No change
NVDA Nvidia Corp. 0.09% 3,527 $658K No change
KLAC KLA Corp. 0.09% 576 $621K No change
GOOGL Alphabet Inc. Class A 0.09% 2,541 $618K No change
MPWR Monolithic Power Systems Inc. 0.08% 647 $596K No change
AXON Axon Enterprise Inc. 0.08% 823 $591K No change
CDNS Cadence Design SYS Inc. 0.08% 1,623 $570K No change
NFLX Netflix Inc. 0.08% 470 $563K No change
MSFT Microsoft Corp. 0.08% 1,038 $538K No change
ETN Eaton Corp. PLC 0.07% 1,425 $533K No change
ORLY O'reilly Automotive Inc. 0.07% 4,740 $511K No change
AZO AutoZone Inc. 0.07% 119 $511K No change
META Meta Platforms Inc. Class A 0.07% 686 $504K No change
BX Blackstone Inc. 0.07% 2,940 $502K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.07% 3,411 $493K No change
DHI D.R. Horton Inc. 0.07% 2,905 $492K No change
TT Trane Technologies PLC 0.07% 1,161 $490K No change
WK Workiva Inc. 0.07% 5,686 $489K New
AAPL Apple Inc. 0.07% 1,908 $486K No change
PANW Palo Alto Networks Inc. 0.07% 2,330 $474K No change
AMZN Amazon.com Inc. 0.07% 2,156 $473K No change
MELI MercadoLibre Inc. 0.07% 202 $472K No change
INTU Intuit Inc. 0.07% 685 $468K No change
SNPS Synopsys Inc. 0.06% 916 $452K No change
MA Mastercard Inc. Class A 0.06% 794 $452K No change
HD Home Depot Inc. 0.06% 1,083 $439K No change
MCO Moody's Corp. 0.06% 904 $431K No change
LIN Linde PLC 0.06% 905 $430K No change
BRK.B Berkshire Hathaway Inc. Class B 0.06% 849 $427K No change
CTAS Cintas Corp. 0.06% 2,022 $415K No change
MSCI MSCI Inc. 0.06% 729 $414K No change
WM Waste Management Inc. 0.06% 1,865 $412K No change
SHW The Sherwin-Williams Co. 0.06% 1,168 $404K No change
SPGI S&P Global Inc. 0.06% 826 $402K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.06% 1,291 $400K No change
TMO Thermo Fisher Scientific Inc. 0.06% 815 $395K No change
COST Costco Wholesale Corp. 0.05% 420 $389K No change
PGR Progressive Corp. 0.05% 1,547 $382K No change
LLY Eli Lilly & Co. 0.05% 486 $371K No change
ISRG Intuitive Surgical Inc. 0.05% 802 $359K No change
BRO Brown & Brown Inc. 0.05% 3,768 $353K No change
VRTX Vertex Pharmaceuticals Inc. 0.05% 869 $340K No change
CPRT Copart Inc. 0.05% 7,449 $335K No change
FICO Fair Isaac Corp. 0.05% 217 $325K No change
IT Gartner Inc. 0.03% 895 $235K No change
TLF Tandy Leather Factory Inc. 0.02% 41,143 $123K No change

Portfolio Sells Q2 2025 → Q3 2025
CYBR Cyberark Software Ltd./Israel Sold out 0.00% −0.44
DSGX The Descartes Systems Grp Reduce -44.3% 0.26% −0.25
AMRN Amarin Corp. PLC -ADR Sold out 0.00% −0.09

Portfolio Buys Q2 2025 → Q3 2025
PCOR Procore Technologies Inc. Add +124.7% 0.53% +0.30
ALTI Alti Global Inc. New 0.15% +0.15
WK Workiva Inc. New 0.07% +0.07
ALKT Alkami Technology Inc. Add +35.5% 0.54% +0.04
INTA Intapp Inc. Add +30.1% 0.77% +0.00

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