National Philanthropic Trust
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2026), National Philanthropic Trust reported 265 stock positions worth $6.2 billion. Its top holding was Nvidia (NVDA) at 20.6% of the portfolio, followed by Apollo Global Management (APO, 18.6%) and iShares Core S&P 500 ETF (IVV, 11.3%). Compared with Q4 2024, it opened 24 new positions, sold out of 28, added to 54 and reduced 73. The biggest buy was Broadcom (AVGO, shares +165%) and the biggest sale Nvidia (NVDA, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- Jenkintown, PA
- CIK
- 0001785342
- Portfolio Value
- $6.2B (Q1 2025)
- SEC Filing
- 0001193805-26-000634 ↗ filed May 15, 2026
Holdings Value
Holdings 265 stocks · $6.2B
| NVDA Nvidia Corp. | 20.65% | 11,793,715 | $1.3B | Reduce -7.8% |
| APO Apollo Global Management Inc. | 18.64% | 8,424,838 | $1.2B | Reduce 0.0% |
| IVV iShares Core S&P 500 ETF | 11.28% | 1,242,610 | $698.2M | Add +7.0% |
| GOOGL Alphabet Inc. Class A | 4.73% | 1,892,847 | $292.7M | Add +15.1% |
| BX Blackstone Inc. | 4.17% | 1,844,864 | $257.9M | Add +27.9% |
| AVGO Broadcom Inc. | 3.63% | 1,343,264 | $224.9M | Add +164.7% |
| GOOG Alphabet Inc. Class C | 2.54% | 1,007,106 | $157.3M | Add +6.2% |
| CVNA Carvana Co. | 2.23% | 658,771 | $137.7M | Add +6.2% |
| IEFA iShares Core MSCI Eafe ETF | 1.78% | 1,460,082 | $110.5M | Add +7.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.72% | 190,862 | $106.8M | Add +1.2% |
| AGG iShares Core U.S. Aggregate | 1.39% | 868,791 | $85.9M | Reduce -1.3% |
| VOO Vanguard S&P 500 ETF | 1.37% | 164,957 | $84.8M | Add +30.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.23% | 293,556 | $75.9M | Reduce -1.6% |
| AMZN Amazon.com Inc. | 1.08% | 352,411 | $67.0M | Add +150.8% |
| ABNB Airbnb Inc. Class A | 0.91% | 470,212 | $56.2M | Reduce -7.7% |
| KKR KKR & Co. Inc. | 0.91% | 485,565 | $56.1M | Reduce 0.0% |
| IWM iShares Russell 2000 ETF | 0.88% | 272,323 | $54.3M | Reduce -0.9% |
| UNH Unitedhealth Group Inc. | 0.85% | 99,918 | $52.3M | Reduce -5.8% |
| BSV Vanguard Short-Term Bond ETF | 0.84% | 667,322 | $52.2M | Add +4.0% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.84% | 656,173 | $51.8M | Add +5.2% |
| OWL Blue Owl Capital Inc. | 0.79% | 2,450,000 | $49.1M | Reduce -32.1% |
| URTH iShares MSCI World ETF | 0.78% | 313,315 | $48.0M | Add +3.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.74% | 166,062 | $45.6M | Add +9.3% |
| IEMG iShares Core MSCI Emerging | 0.69% | 791,764 | $42.7M | Add +3.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.68% | 252,653 | $41.9M | Reduce -68.1% |
| RBLX Roblox Corp. Class A | 0.65% | 686,049 | $40.0M | Reduce -0.1% |
| IAU iShares Gold Trust | 0.64% | 674,939 | $39.8M | Add +11.8% |
| VOTE TCW Transform 500 ETF | 0.50% | 476,634 | $31.2M | No change |
| ORCL Oracle Corp. | 0.48% | 213,677 | $29.9M | Add +2960.4% |
| JIRE JPMorgan Int Res Enh Eqty | 0.35% | 340,050 | $21.7M | Add +3.1% |
| ICF iShares Select U.S. REIT ETF | 0.33% | 334,084 | $20.6M | Add +4.2% |
| VIG Vanguard Dividend Apprec ETF | 0.32% | 101,722 | $19.7M | Add +914.0% |
| PANW Palo Alto Networks Inc. | 0.31% | 113,078 | $19.3M | Reduce -0.0% |
| AAPL Apple Inc. | 0.28% | 76,681 | $17.0M | Reduce -5.6% |
| VXUS Vanguard Total Intl Stock | 0.27% | 269,981 | $16.8M | No change |
| DSI iShares ESG MSCI KLD 400 ETF | 0.27% | 162,874 | $16.7M | Reduce -23.4% |
| EFA iShares MSCI Eafe ETF | 0.26% | 195,244 | $16.0M | Add +1.8% |
| MSFT Microsoft Corp. | 0.25% | 41,031 | $15.4M | Reduce -2.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.25% | 19 | $15.2M | No change |
| LYFT LYFT Inc. Class A | 0.24% | 1,242,421 | $14.7M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.23% | 30,025 | $14.1M | No change |
| GRBK Green Brick Partners Inc. | 0.22% | 231,556 | $13.5M | No change |
| PEP Pepsico Inc. | 0.21% | 86,604 | $13.0M | Reduce -0.1% |
| DASH DoorDash Inc. Class A | 0.20% | 68,448 | $12.5M | Reduce -1.7% |
| CPNG Coupang Inc. | 0.18% | 520,238 | $11.4M | Reduce -2.1% |
| LBRDK Liberty Broadband-C | 0.17% | 123,815 | $10.5M | No change |
| DVA Davita Inc. | 0.16% | 62,931 | $9.6M | No change |
| NMFC New Mountain Finance Corp. filed as NEW MTN FIN CORP | 0.15% | 852,921 | $9.4M | No change |
| META Meta Platforms Inc. Class A | 0.15% | 16,244 | $9.4M | Reduce -19.6% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.15% | 220,617 | $9.3M | No change |
| JPRE JPMorgan Realty Income ETF | 0.15% | 187,810 | $9.1M | Add +7.0% |
| IJH iShares Core S&P Midcap ETF | 0.15% | 154,151 | $9.0M | Add +4.2% |
| TLN Talen Energy Corp. | 0.14% | 43,993 | $8.8M | No change |
| TPG TPG Inc. | 0.13% | 173,126 | $8.2M | Reduce -30.8% |
| APPN Appian Corp. Class A | 0.13% | 281,682 | $8.1M | No change |
| PAVE Global X US Infrastructure | 0.13% | 213,640 | $8.1M | Add +26.6% |
| SCHW Schwab (charles) Corp. | 0.13% | 101,279 | $7.9M | Reduce -37.8% |
| ICE Intercontinental Exchange Inc. | 0.13% | 45,427 | $7.8M | Reduce -57.2% |
| EWJ iShares MSCI Japan ETF | 0.13% | 113,188 | $7.8M | Add +13.9% |
| BN Brookfield Corp. | 0.12% | 145,262 | $7.6M | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.12% | 89,293 | $7.4M | Reduce -15.5% |
| ELV Elevance Health Inc. | 0.12% | 16,917 | $7.4M | Reduce -31.7% |
| RSP Invesco S&P 500 Equal Weight | 0.12% | 41,892 | $7.3M | Add +91.2% |
| BND Vanguard Total Bond Market | 0.12% | 98,138 | $7.2M | No change |
| VEA Vanguard Ftse Developed ETF | 0.11% | 139,910 | $7.1M | Reduce -7.5% |
| LYB Lyondellbasell Indu Class A | 0.11% | 100,087 | $7.0M | Reduce -0.0% |
| ITOT iShares Core S&P Total U.S. | 0.11% | 57,062 | $7.0M | Add +6.4% |
| ENPH Enphase Energy Inc. | 0.11% | 108,000 | $6.7M | Reduce -0.0% |
| LUNR Intuitive Machines Inc. | 0.10% | 870,000 | $6.5M | Add +190.0% |
| ETON Eton Pharmaceuticals Inc. | 0.10% | 492,112 | $6.4M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.10% | 11,899 | $6.3M | Reduce -31.3% |
| MELI MercadoLibre Inc. | 0.10% | 3,210 | $6.3M | No change |
| ARES Ares Management Corp. Class A | 0.10% | 41,408 | $6.1M | Add +242.2% |
| MCO Moody's Corp. | 0.09% | 12,430 | $5.8M | Reduce -0.1% |
| GLD SPDR Gold Shares | 0.09% | 19,968 | $5.8M | Add +8.8% |
| COF Capital One Financial Corp. | 0.09% | 32,029 | $5.7M | Reduce -31.7% |
| HOOD Robinhood Markets Inc. Class A | 0.09% | 134,264 | $5.6M | No change |
| CP Canadian Pacific Kansas City | 0.09% | 76,826 | $5.4M | Add +78.1% |
| FWONK Liberty Media Corp. Class C | 0.09% | 58,526 | $5.3M | Reduce -41.2% |
| TDG Transdigm Group Inc. | 0.08% | 3,782 | $5.2M | Reduce -39.8% |
| CUBI Customers Bancorp Inc. | 0.08% | 103,200 | $5.2M | No change |
| ALGN Align Technology Inc. | 0.08% | 31,642 | $5.0M | Add +266.1% |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.08% | 26,268 | $5.0M | Reduce -17.5% |
| ICLR Icon PLC | 0.08% | 28,654 | $5.0M | No change |
| TXRH Texas Roadhouse Inc. | 0.08% | 30,000 | $5.0M | Reduce -0.7% |
| HIMS Hims & Hers Health Inc. | 0.08% | 165,186 | $4.9M | New |
| CHTR Charter Communications Inc. Class A | 0.08% | 13,118 | $4.8M | Add +21.2% |
| ABX Abacus Global Management Inc. | 0.08% | 625,000 | $4.7M | No change |
| CACC Credit Acceptance Corp. | 0.07% | 8,961 | $4.6M | Reduce -32.2% |
| COST Costco Wholesale Corp. | 0.07% | 4,775 | $4.5M | Reduce -0.3% |
| DBX Dropbox Inc. Class A | 0.07% | 158,204 | $4.2M | No change |
| IVW iShares S&P 500 Growth ETF | 0.07% | 44,350 | $4.1M | Add +5.7% |
| INCY Incyte Corp. | 0.07% | 67,655 | $4.1M | No change |
| CVX Chevron Corp. | 0.07% | 24,051 | $4.0M | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.06% | 22,440 | $3.9M | Add +0.4% |
| ESGU iShares ESG Aware MSCI USA | 0.06% | 31,704 | $3.9M | No change |
| JNJ Johnson & Johnson | 0.06% | 22,927 | $3.8M | No change |
| AIQ Global X Art Intel & Tech | 0.06% | 100,422 | $3.7M | Add +27.8% |
| IJR iShares Core S&P Small-Cap E | 0.06% | 33,798 | $3.5M | No change |
| ACWI iShares MSCI Acwi ETF | 0.06% | 30,329 | $3.5M | New |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -7.8% | 20.65% | −4.13 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -68.1% | 0.68% | −1.58 |
| APO Apollo Global Management Inc. | Reduce 0.0% | 18.64% | −1.42 |
| OWL Blue Owl Capital Inc. | Reduce -32.1% | 0.79% | −0.42 |
| HG Hamilton Insurance Grou Class B | Sold out | 0.00% | −0.23 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.23 |
| NCNO Ncino Inc. | Sold out | 0.00% | −0.21 |
| KKR KKR & Co. Inc. | Reduce 0.0% | 0.91% | −0.13 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.12 |
| PRGO Perrigo Co. PLC | Sold out | 0.00% | −0.12 |
| ICE Intercontinental Exchange Inc. | Reduce -57.2% | 0.13% | −0.10 |
| TPG TPG Inc. | Reduce -30.8% | 0.13% | −0.09 |
| VDE Vanguard Energy ETF | Sold out | 0.00% | −0.07 |
| AER Aercap Holdings NV | Sold out | 0.00% | −0.07 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -23.4% | 0.27% | −0.07 |
| ABNB Airbnb Inc. Class A | Reduce -7.7% | 0.91% | −0.06 |
| FWONK Liberty Media Corp. Class C | Reduce -41.2% | 0.09% | −0.05 |
| SCHW Schwab (charles) Corp. | Reduce -37.8% | 0.13% | −0.05 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -70.4% | 0.02% | −0.04 |
| TDG Transdigm Group Inc. | Reduce -39.8% | 0.08% | −0.03 |
| COF Capital One Financial Corp. | Reduce -31.7% | 0.09% | −0.03 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.02 |
| ROIV Roivant Sciences Ltd. | Sold out | 0.00% | −0.02 |
| HALO Halozyme Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -19.6% | 0.15% | −0.02 |
| DXJ Wisdomtree Japan Hedged Eq | Sold out | 0.00% | −0.02 |
| AAPL Apple Inc. | Reduce -5.6% | 0.28% | −0.02 |
| MNDY Monday.com Ltd. | Reduce -50.0% | 0.02% | −0.02 |
| J Jacobs Solutions Inc. | Reduce -31.7% | 0.04% | −0.02 |
| RVNC Revance Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| CACC Credit Acceptance Corp. | Reduce -32.2% | 0.07% | −0.01 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -29.6% | 0.04% | −0.01 |
| ELV Elevance Health Inc. | Reduce -31.7% | 0.12% | −0.01 |
| OBDC Blue Owl Capital Corp. | Reduce -75.9% | 0.00% | −0.01 |
| FNA Paragon 28 Inc. | Sold out | 0.00% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -31.3% | 0.10% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -25.1% | 0.05% | −0.01 |
| RDNW Ridenow Group Inc. | Sold out | 0.00% | −0.01 |
| CRBN Ish Low Car Opt Ms Ac ETF-US | Reduce -17.5% | 0.08% | −0.01 |
| CART Maplebear Inc. | Sold out | 0.00% | −0.01 |
| MSFT Microsoft Corp. | Reduce -2.3% | 0.25% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -15.5% | 0.12% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -15.6% | 0.05% | −0.01 |
| AMTM Amentum Holdings Inc. | Reduce -32.1% | 0.01% | −0.01 |
| CRS Carpenter Technology | Sold out | 0.00% | −0.00 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.00 |
| MRNA Moderna Inc. | Sold out | 0.00% | −0.00 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Add +164.7% | 3.63% | +1.94 |
| IVV iShares Core S&P 500 ETF | Add +7.0% | 11.28% | +1.42 |
| AMZN Amazon.com Inc. | Add +150.8% | 1.08% | +0.64 |
| BX Blackstone Inc. | Add +27.9% | 4.17% | +0.58 |
| ORCL Oracle Corp. | Add +2960.4% | 0.48% | +0.47 |
| CVNA Carvana Co. | Add +6.2% | 2.23% | +0.41 |
| IEFA iShares Core MSCI Eafe ETF | Add +7.0% | 1.78% | +0.40 |
| VOO Vanguard S&P 500 ETF | Add +30.5% | 1.37% | +0.39 |
| VIG Vanguard Dividend Apprec ETF | Add +914.0% | 0.32% | +0.29 |
| GOOGL Alphabet Inc. Class A | Add +15.1% | 4.73% | +0.24 |
| IAU iShares Gold Trust | Add +11.8% | 0.64% | +0.21 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.2% | 1.72% | +0.13 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +5.2% | 0.84% | +0.13 |
| BSV Vanguard Short-Term Bond ETF | Add +4.0% | 0.84% | +0.13 |
| IEMG iShares Core MSCI Emerging | Add +3.6% | 0.69% | +0.12 |
| VTI VG Morningstar TS MKT ETF-US | Add +9.3% | 0.74% | +0.10 |
| URTH iShares MSCI World ETF | Add +3.9% | 0.78% | +0.10 |
| HIMS Hims & Hers Health Inc. | New | 0.08% | +0.08 |
| JIRE JPMorgan Int Res Enh Eqty | Add +3.1% | 0.35% | +0.07 |
| ARES Ares Management Corp. Class A | Add +242.2% | 0.10% | +0.07 |
| RSP Invesco S&P 500 Equal Weight | Add +91.2% | 0.12% | +0.06 |
| ACWI iShares MSCI Acwi ETF | New | 0.06% | +0.06 |
| ALGN Align Technology Inc. | Add +266.1% | 0.08% | +0.06 |
| ICF iShares Select U.S. REIT ETF | Add +4.2% | 0.33% | +0.05 |
| EFA iShares MSCI Eafe ETF | Add +1.8% | 0.26% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | New | 0.05% | +0.05 |
| CP Canadian Pacific Kansas City | Add +78.1% | 0.09% | +0.04 |
| PAVE Global X US Infrastructure | Add +26.6% | 0.13% | +0.03 |
| TSLA Tesla Inc. | Add +550.7% | 0.04% | +0.03 |
| EWJ iShares MSCI Japan ETF | Add +13.9% | 0.13% | +0.03 |
| GLD SPDR Gold Shares | Add +8.8% | 0.09% | +0.03 |
| JPRE JPMorgan Realty Income ETF | Add +7.0% | 0.15% | +0.03 |
| LUNR Intuitive Machines Inc. | Add +190.0% | 0.10% | +0.03 |
| CHTR Charter Communications Inc. Class A | Add +21.2% | 0.08% | +0.02 |
| ML Moneylion Inc. | New | 0.02% | +0.02 |
| USRT iShares Core US REIT ETF | New | 0.02% | +0.02 |
| LOW Lowe's Cos Inc. | New | 0.02% | +0.02 |
| XMTR Xometry Inc. Class A | New | 0.02% | +0.02 |
| AIQ Global X Art Intel & Tech | Add +27.8% | 0.06% | +0.02 |
| ITOT iShares Core S&P Total U.S. | Add +6.4% | 0.11% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +4.2% | 0.15% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +42.9% | 0.03% | +0.01 |
| FA First Advantage Corp. | New | 0.01% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +0.4% | 0.06% | +0.01 |
| IVE iShares S&P 500 Value ETF | Add +4.6% | 0.05% | +0.01 |
| LLY Eli Lilly & Co. | Add +31.4% | 0.02% | +0.01 |
| TOST Toast Inc. Class A | New | 0.01% | +0.01 |
| IVW iShares S&P 500 Growth ETF | Add +5.7% | 0.07% | +0.01 |
| IQLT iShares MSCI International Q | New | 0.01% | +0.01 |
| SBLK Star Bulk Carriers Corp. | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 409 | $6.9B | IVV, APO, VOO, GOOGL, GOOG |
| Q1 2026 | 364 | $9.4B | NVDA, GOOGL, APO, IVV, AVGO |
| Q4 2025 | 385 | $10.1B | NVDA, APO, GOOGL, IVV, AVGO |
| Q3 2025 | 325 | $8.9B | NVDA, APO, IVV, GOOGL, AVGO |
| Q2 2025 | 282 | $7.5B | NVDA, APO, IVV, GOOGL, AVGO |
| Q1 2025 | 265 | $6.2B | NVDA, APO, IVV, GOOGL, BX |
| Q4 2024 | 269 | $6.9B | NVDA, APO, IVV, GOOGL, BX |
| Q3 2024 | 253 | $5.5B | NVDA, APO, IVV, BX, CVNA |
| Q2 2024 | 258 | $5.2B | NVDA, APO, IVV, BX, SPY |
| Q1 2024 | 269 | $4.6B | NVDA, APO, IVV, BX, SPY |