Gray Foundation

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Gray Foundation reported 11 stock positions worth $320.7 million. Its top holding was Hilton Worldwide (HLT) at 51.9% of the portfolio, followed by iShares Expanded Tech Sector (IGM, 15.8%) and iShares MSCI India ETF (INDA, 7.9%). Compared with Q4 2024, it sold out of 3. The biggest sale was an exit from Analog Devices (ADI).

Most Recent 13F
Q2 2026
Location
Cohoes, NY
CIK
0002011602
Portfolio Value
$320.7M (Q1 2025)
SEC Filing
0000950123-25-004193 ↗ filed May 7, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $320.1M Q1 2024 Q2 2024: $327.0M Q2 2024 Q3 2024: $337.1M Q3 2024 Q4 2024: $350.7M Q4 2024 Q1 2025: $320.7M $320.7M Q1 2025 Q2 2025: $353.1M Q2 2025 Q3 2025: $351.3M Q3 2025 Q4 2025: $398.5M Q4 2025 Q1 2026: $396.8M Q1 2026 Q2 2026: $453.7M Q2 2026

Holdings 11 stocks · $320.7M
HLT Hilton Worldwide Holdings Inc. 51.92% 731,666 $166.5M No change
IGM iShares Expanded Tech Sector 15.81% 559,116 $50.7M No change
INDA iShares MSCI India ETF 7.88% 490,948 $25.3M No change
IBB iShares Biotechnology ETF 6.58% 164,872 $21.1M No change
GOOG Alphabet Inc. Class C 5.46% 112,000 $17.5M No change
INVH Invitation Homes Inc. 3.70% 340,734 $11.9M No change
ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU 3.29% 205,000 $10.6M No change
HGV Hilton Grand Vacations Inc. 2.48% 212,520 $8.0M No change
SOXX iShares Semiconductor ETF 2.02% 34,371 $6.5M No change
VHT Vanguard Health Care ETF 0.52% 6,300 $1.7M No change
AAXJ iShares MSCI All Country Asi 0.34% 14,800 $1.1M No change

Portfolio Sells Q4 2024 → Q1 2025
ADI Analog Devices Inc. Sold out 0.00% −0.48
CARR Carrier Global Corp. Sold out 0.00% −0.22
NKE Nike Inc. Class B Sold out 0.00% −0.16

Portfolio Buys Q4 2024 → Q1 2025
None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 9$453.7MHLT, IGM, GOOG, SOXX, INDA
Q1 2026 11$396.8MHLT, IGM, GOOG, INDA, ROBO
Q4 2025 11$398.5MHLT, IGM, GOOG, INDA, ROBO
Q3 2025 8$351.3MHLT, IGM, GOOG, INDA, ROBO
Q2 2025 9$353.1MHLT, IGM, INDA, GOOG, ROBO
Q1 2025 11$320.7MHLT, IGM, INDA, IBB, GOOG
Q4 2024 14$350.7MHLT, IGM, INDA, IBB, GOOG
Q3 2024 12$337.1MHLT, IGM, INDA, IBB, GOOG
Q2 2024 12$327.0MHLT, IGM, INDA, GOOG, IBB
Q1 2024 11$320.1MHLT, IGM, INDA, IBB, GOOG