Michael & Susan Dell Foundation
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Michael & Susan Dell Foundation reported 8 stock positions worth $2.9 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 75.7% of the portfolio, followed by Dell Technologies -C (DELL, 11.7%) and Broadcom (AVGO, 7.7%). Compared with Q3 2025, it opened 4 new positions, added to 2 and reduced 1. The biggest buy was Dell Technologies -C (DELL, shares +533%) and the biggest sale Hayward (HAYW, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001599858
- Portfolio Value
- $2.9B (Q4 2025)
- SEC Filing
- 0001104659-26-016582 ↗ filed Feb 17, 2026
Holdings Value
Holdings 8 stocks · $2.9B
| IVV iShares Core S&P 500 ETF | 75.69% | 3,187,927 | $2.2B | Add +1.3% |
| DELL Dell Technologies -C | 11.71% | 2,682,335 | $337.7M | Add +533.3% |
| AVGO Broadcom Inc. | 7.66% | 638,545 | $221.0M | No change |
| HAYW Hayward Holdings Inc. | 2.32% | 4,340,559 | $67.1M | Reduce -14.5% |
| VTI VG Morningstar TS MKT ETF-US | 1.56% | 134,575 | $45.1M | New |
| ARCC Ares Capital Corp. | 0.90% | 1,289,594 | $26.1M | New |
| VEA Vanguard Ftse Developed ETF | 0.13% | 61,900 | $3.9M | New |
| CAI Caris Life Sciences Inc. | 0.01% | 12,235 | $330K | New |
Portfolio Sells Q3 2025 → Q4 2025
| HAYW Hayward Holdings Inc. | Reduce -14.5% | 2.32% | −0.81 |
Portfolio Buys Q3 2025 → Q4 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 7 | $3.8B | IVV, DELL, AVGO, HAYW, VTI |
| Q1 2026 | 8 | $2.8B | IVV, DELL, AVGO, HAYW, VTI |
| Q4 2025 | 8 | $2.9B | IVV, DELL, AVGO, HAYW, VTI |
| Q3 2025 | 4 | $2.5B | IVV, AVGO, HAYW, DELL |
| Q2 2025 | 4 | $2.3B | IVV, AVGO, HAYW, DELL |
| Q1 2025 | 4 | $2.0B | IVV, HAYW, AVGO, DELL |
| Q4 2024 | 4 | $1.9B | IVV, AVGO, DELL, HAYW |
| Q3 2024 | 4 | $1.4B | AVGO, VEA, IVV, HAYW |
| Q2 2024 | 2 | $980.0M | AVGO, VEA |
| Q1 2024 | 6 | $802.2M | AVGO, VEA, PANW, TOST, DASH |