Michelson Medical Research Foundation, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Michelson Medical Research Foundation, Inc. reported 20 stock positions worth $104.2 million. Its top holding was Vail Resorts (MTN) at 13.0% of the portfolio, followed by Vaneck Gold Miners ETF (GDX, 11.7%) and Rentokil Initial PLC-SP ADR (RTO, 10.5%). Compared with Q1 2025, it opened 2 new positions, sold out of 7 and reduced 3. The biggest buy was a new position in Digitalbridge (DBRG) and the biggest sale an exit from iShares S&P Small-Cap 600 Va (IJS).
- Most Recent 13F
- Q2 2026
- Location
- Los Angeles, CA
- CIK
- 0001965304
- Portfolio Value
- $104.2M (Q2 2025)
- SEC Filing
- 0001085146-25-005258 ↗ filed Aug 14, 2025
Holdings Value
Holdings 20 stocks · $104.2M
| MTN Vail Resorts Inc. | 12.97% | 86,000 | $13.5M | No change |
| GDX Vaneck Gold Miners ETF | 11.70% | 234,305 | $12.2M | No change |
| RTO Rentokil Initial PLC-SP ADR | 10.54% | 457,815 | $11.0M | Reduce -8.4% |
| IVE iShares S&P 500 Value ETF | 9.73% | 51,905 | $10.1M | No change |
| VEA Vanguard Ftse Developed ETF | 8.65% | 158,160 | $9.0M | No change |
| VWO Vanguard Ftse Emerging Marke | 6.06% | 127,630 | $6.3M | No change |
| DBRG Digitalbridge Group Inc. | 6.05% | 609,500 | $6.3M | New |
| SAFE Safehold Inc. | 4.44% | 297,477 | $4.6M | New |
| IWC iShares Micro-Cap ETF | 4.33% | 35,385 | $4.5M | No change |
| IBB iShares Biotechnology ETF | 4.26% | 35,095 | $4.4M | Reduce -19.1% |
| KRE SS SPDR S&P Regional Bank | 3.62% | 63,510 | $3.8M | Reduce -17.6% |
| MANU Manchester United PLC Class A | 3.42% | 200,000 | $3.6M | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 2.50% | 11,010 | $2.6M | No change |
| EWW iShares MSCI Mexico ETF | 2.43% | 41,850 | $2.5M | No change |
| EWZ iShares MSCI Brazil ETF | 2.25% | 81,300 | $2.3M | No change |
| EWT iShares MSCI Taiwan ETF | 1.51% | 27,435 | $1.6M | No change |
| EWJ iShares MSCI Japan ETF | 1.45% | 20,100 | $1.5M | No change |
| GXC State Street SPDR S&P China | 1.41% | 16,750 | $1.5M | No change |
| EWY iShares MSCI South Korea ETF | 1.39% | 20,155 | $1.4M | No change |
| CRGY Crescent Energy Inc. Class A | 1.29% | 156,166 | $1.3M | No change |
Portfolio Sells Q1 2025 → Q2 2025
| IJS iShares S&P Small-Cap 600 Va | Sold out | 0.00% | −10.60 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −7.05 |
| PLD Prologis Inc. | Sold out | 0.00% | −2.63 |
| BUR Burford Capital Ltd. | Sold out | 0.00% | −1.99 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −1.31 |
| NML Neuberger Energy Infrastruct | Sold out | 0.00% | −0.81 |
| CMP Compass Minerals Internation | Sold out | 0.00% | −0.47 |
| IBB iShares Biotechnology ETF | Reduce -19.1% | 4.26% | −0.38 |
| KRE SS SPDR S&P Regional Bank | Reduce -17.6% | 3.62% | −0.05 |
| RTO Rentokil Initial PLC-SP ADR | Reduce -8.4% | 10.54% | +0.96 |
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $108.2M | IVE, VEA, BLDR, CME, VWO |
| Q1 2026 | 21 | $98.5M | MTN, IVE, VEA, UNH, VWO |
| Q4 2025 | 20 | $99.8M | MTN, IVE, UNH, VEA, DBRG |
| Q3 2025 | 20 | $115.0M | GDX, MTN, SGOV, IVE, VEA |
| Q2 2025 | 20 | $104.2M | MTN, GDX, RTO, IVE, VEA |
| Q1 2025 | 25 | $119.5M | MTN, IJS, RTO, GDX, IVE |
| Q4 2024 | 28 | $119.3M | MTN, IVE, IVV, GDX, VEA |
| Q3 2024 | 28 | $141.9M | VEA, VWO, IVE, GDX, MTN |
| Q2 2024 | 25 | $116.3M | VEA, VWO, IVE, AVB, IVV |
| Q1 2024 | 28 | $165.0M | HYG, VEA, BKLN, BSV, VWO |