National Philanthropic Trust
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed May 15, 2026), National Philanthropic Trust reported 325 stock positions worth $8.9 billion. Its top holding was Nvidia (NVDA) at 20.2% of the portfolio, followed by Apollo Global Management (APO, 13.4%) and iShares Core S&P 500 ETF (IVV, 9.2%). Compared with Q2 2025, it opened 61 new positions, sold out of 19, added to 95 and reduced 52. The biggest buy was Alphabet Class A (GOOGL, shares +17%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- Jenkintown, PA
- CIK
- 0001785342
- Portfolio Value
- $8.9B (Q3 2025)
- SEC Filing
- 0001193805-26-000631 ↗ filed May 15, 2026
Holdings Value
Holdings 325 stocks · $8.9B
| NVDA Nvidia Corp. | 20.25% | 9,705,329 | $1.8B | Add +0.1% |
| APO Apollo Global Management Inc. | 13.41% | 9,000,968 | $1.2B | Add +6.8% |
| IVV iShares Core S&P 500 ETF | 9.24% | 1,234,913 | $826.5M | Reduce -1.0% |
| GOOGL Alphabet Inc. Class A | 7.80% | 2,870,845 | $697.9M | Add +16.7% |
| AVGO Broadcom Inc. | 6.28% | 1,703,024 | $561.8M | Add +18.8% |
| VOO Vanguard S&P 500 ETF | 3.31% | 483,783 | $296.3M | Add +2.8% |
| AMZN Amazon.com Inc. | 3.04% | 1,237,290 | $271.7M | Add +101.0% |
| CVNA Carvana Co. | 2.75% | 652,811 | $246.3M | Add +0.0% |
| BX Blackstone Inc. | 2.75% | 1,437,683 | $245.6M | Reduce -10.8% |
| MSFT Microsoft Corp. | 2.69% | 465,076 | $240.9M | Add +165.2% |
| GOOG Alphabet Inc. Class C | 2.30% | 845,573 | $205.9M | Add +0.1% |
| IEFA iShares Core MSCI Eafe ETF | 1.44% | 1,478,120 | $129.1M | Reduce -2.9% |
| AMD Advanced Micro Devices | 1.33% | 737,017 | $119.2M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.22% | 163,677 | $109.0M | Reduce -2.3% |
| AGG iShares Core U.S. Aggregate | 1.09% | 970,825 | $97.3M | Add +3.4% |
| RBLX Roblox Corp. Class A | 1.08% | 694,226 | $96.2M | Add +1.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.98% | 297,426 | $87.4M | Reduce -1.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.88% | 282,256 | $78.8M | Add +0.2% |
| ORCL Oracle Corp. | 0.74% | 234,960 | $66.1M | Add +10.0% |
| IWM iShares Russell 2000 ETF | 0.72% | 266,696 | $64.5M | Reduce -7.3% |
| URTH iShares MSCI World ETF | 0.67% | 331,715 | $60.2M | Add +5.6% |
| IAU iShares Gold Trust | 0.66% | 814,760 | $59.3M | Add +16.0% |
| BSV Vanguard Short-Term Bond ETF | 0.65% | 734,092 | $57.9M | Add +0.4% |
| ABNB Airbnb Inc. Class A | 0.64% | 468,764 | $56.9M | Reduce -0.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.62% | 682,852 | $55.4M | Add +1.3% |
| IEMG iShares Core MSCI Emerging | 0.57% | 771,251 | $50.8M | Reduce -3.1% |
| KKR KKR & Co. Inc. | 0.56% | 386,002 | $50.2M | Add +0.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.49% | 132,907 | $43.6M | Reduce -2.2% |
| OWL Blue Owl Capital Inc. | 0.48% | 2,550,000 | $43.2M | Add +4.1% |
| VOTE TCW Transform 500 ETF | 0.42% | 476,634 | $37.4M | No change |
| UNH Unitedhealth Group Inc. | 0.39% | 100,441 | $34.7M | Add +0.6% |
| CPNG Coupang Inc. | 0.32% | 880,472 | $28.4M | Add +39.6% |
| ICF iShares Select U.S. REIT ETF | 0.28% | 412,247 | $25.4M | Add +24.7% |
| PANW Palo Alto Networks Inc. | 0.26% | 113,296 | $23.1M | Add +0.2% |
| JIRE JPMorgan Int Res Enh Eqty | 0.26% | 311,707 | $22.9M | Reduce -4.2% |
| VIG Vanguard Dividend Apprec ETF | 0.25% | 101,722 | $22.0M | No change |
| LYFT LYFT Inc. Class A | 0.21% | 867,421 | $19.1M | No change |
| VXUS Vanguard Total Intl Stock | 0.21% | 257,340 | $18.9M | Reduce -2.8% |
| TLN Talen Energy Corp. | 0.21% | 43,993 | $18.7M | No change |
| EFA iShares MSCI Eafe ETF | 0.20% | 196,016 | $18.3M | Add +8.4% |
| DASH DoorDash Inc. Class A | 0.20% | 64,330 | $17.5M | Reduce -17.9% |
| GRBK Green Brick Partners Inc. | 0.19% | 231,556 | $17.1M | No change |
| AAPL Apple Inc. | 0.19% | 66,926 | $17.0M | Add +8.6% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.15% | 221,025 | $13.3M | Add +0.2% |
| META Meta Platforms Inc. Class A | 0.14% | 16,764 | $12.3M | Reduce -2.0% |
| VEA Vanguard Ftse Developed ETF | 0.13% | 193,130 | $11.6M | Add +45.1% |
| RSP Invesco S&P 500 Equal Weight | 0.13% | 60,882 | $11.5M | Reduce -0.0% |
| PEP Pepsico Inc. | 0.13% | 80,722 | $11.3M | Reduce -7.0% |
| HOOD Robinhood Markets Inc. Class A | 0.12% | 77,002 | $11.0M | Add +0.1% |
| IBIT iShares Bitcoin Trust ETF | 0.12% | 167,981 | $10.9M | Add +7.2% |
| JPRE JPMorgan Realty Income ETF | 0.12% | 225,015 | $10.8M | Add +8.0% |
| ETON Eton Pharmaceuticals Inc. | 0.12% | 492,112 | $10.7M | No change |
| THC Tenet Healthcare Corp. | 0.12% | 50,834 | $10.3M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.11% | 17,006 | $10.2M | Reduce -2.5% |
| BN Brookfield Corp. | 0.11% | 145,685 | $10.0M | Add +0.3% |
| TPG TPG Inc. | 0.11% | 173,126 | $9.9M | Reduce -38.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.11% | 13 | $9.8M | Reduce -31.6% |
| SCHW Schwab (charles) Corp. | 0.11% | 101,310 | $9.7M | Add +0.9% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.11% | 76,511 | $9.6M | Reduce -55.5% |
| PAVE Global X US Infrastructure | 0.10% | 194,403 | $9.3M | Reduce -0.1% |
| IJH iShares Core S&P Midcap ETF | 0.10% | 140,017 | $9.1M | Reduce -5.3% |
| APPN Appian Corp. Class A | 0.10% | 281,682 | $8.6M | No change |
| DVA Davita Inc. | 0.09% | 62,931 | $8.4M | No change |
| NMFC New Mountain Finance Corp. filed as NEW MTN FIN CORP | 0.09% | 852,921 | $8.2M | No change |
| TSLA Tesla Inc. | 0.09% | 18,463 | $8.2M | Add +12.8% |
| GLD SPDR Gold Shares | 0.09% | 22,354 | $7.9M | Add +11.9% |
| ICE Intercontinental Exchange Inc. | 0.09% | 45,385 | $7.6M | Add +0.8% |
| LBRDK Liberty Broadband-C | 0.08% | 118,363 | $7.5M | No change |
| PLTR Palantir Technologies Inc. Class A | 0.08% | 41,031 | $7.5M | Add +67.1% |
| ELV Elevance Health Inc. | 0.08% | 22,990 | $7.4M | Add +37.1% |
| BND Vanguard Total Bond Market | 0.08% | 98,138 | $7.3M | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.08% | 86,307 | $7.2M | Add +0.1% |
| COF Capital One Financial Corp. | 0.08% | 32,059 | $6.8M | Add +0.7% |
| CUBI Customers Bancorp Inc. | 0.08% | 103,200 | $6.7M | No change |
| ITOT iShares Core S&P Total U.S. | 0.07% | 46,008 | $6.7M | Reduce -8.8% |
| ARES Ares Management Corp. Class A | 0.07% | 41,604 | $6.7M | Add +0.5% |
| GS Goldman Sachs Group Inc. | 0.07% | 8,068 | $6.4M | Reduce -7.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.07% | 12,472 | $6.3M | Add +5.7% |
| COSO Coastal South Bancshares Inc. | 0.07% | 278,138 | $6.1M | New |
| FWONK Liberty Media Corp. Class C | 0.07% | 57,853 | $6.0M | No change |
| AIQ Global X Art Intel & Tech | 0.07% | 120,672 | $6.0M | Add +34.3% |
| MCO Moody's Corp. | 0.07% | 12,481 | $5.9M | Add +0.3% |
| CVGW Calavo Growers Inc. | 0.06% | 225,000 | $5.8M | New |
| CP Canadian Pacific Kansas City | 0.06% | 77,161 | $5.7M | Add +0.4% |
| INCY Incyte Corp. | 0.06% | 67,655 | $5.7M | No change |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.06% | 24,986 | $5.7M | Reduce -31.3% |
| ALAB Astera Labs Inc. | 0.06% | 28,500 | $5.6M | Reduce -19.1% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.06% | 346,404 | $5.5M | New |
| DVAX Dynavax Technologies Corp. | 0.06% | 530,160 | $5.3M | Add +165.1% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.06% | 110,401 | $5.2M | New |
| IVW iShares S&P 500 Growth ETF | 0.06% | 42,594 | $5.1M | No change |
| ICLR Icon PLC | 0.06% | 29,225 | $5.1M | No change |
| LINE Lineage Inc. | 0.06% | 132,295 | $5.1M | Add +0.8% |
| TDG Transdigm Group Inc. | 0.06% | 3,794 | $5.0M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 0.06% | 15,805 | $5.0M | Add +6.3% |
| TXRH Texas Roadhouse Inc. | 0.06% | 30,000 | $5.0M | No change |
| LYB Lyondellbasell Indu Class A | 0.05% | 100,087 | $4.9M | No change |
| DBX Dropbox Inc. Class A | 0.05% | 158,204 | $4.8M | No change |
| MSA Msa Safety Inc. | 0.05% | 27,019 | $4.6M | Add +83.0% |
| ESGU iShares ESG Aware MSCI USA | 0.05% | 31,704 | $4.6M | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $121K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 17,377 | $121K | No change |
Total filed on the 13F, all lines: $8.9B.
Portfolio Sells Q2 2025 → Q3 2025
| IVV iShares Core S&P 500 ETF | Reduce -1.0% | 9.24% | −1.13 |
| BX Blackstone Inc. | Reduce -10.8% | 2.75% | −0.48 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -2.9% | 1.44% | −0.26 |
| ABNB Airbnb Inc. Class A | Reduce -0.2% | 0.64% | −0.20 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.3% | 1.22% | −0.17 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -55.5% | 0.11% | −0.16 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.8% | 0.98% | −0.16 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.11 |
| IWM iShares Russell 2000 ETF | Reduce -7.3% | 0.72% | −0.11 |
| CART Maplebear Inc. | Sold out | 0.00% | −0.10 |
| LUNR Intuitive Machines Inc. | Reduce -65.5% | 0.04% | −0.09 |
| TPG TPG Inc. | Reduce -38.4% | 0.11% | −0.09 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -31.6% | 0.11% | −0.08 |
| IEMG iShares Core MSCI Emerging | Reduce -3.1% | 0.57% | −0.07 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.2% | 0.49% | −0.07 |
| DASH DoorDash Inc. Class A | Reduce -17.9% | 0.20% | −0.06 |
| JIRE JPMorgan Int Res Enh Eqty | Reduce -4.2% | 0.26% | −0.05 |
| CRBN Ish Low Car Opt Ms Ac ETF-US | Reduce -31.3% | 0.06% | −0.04 |
| HIMS Hims & Hers Health Inc. | Reduce -48.0% | 0.04% | −0.04 |
| VXUS Vanguard Total Intl Stock | Reduce -2.8% | 0.21% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -2.0% | 0.14% | −0.03 |
| J Jacobs Solutions Inc. | Sold out | 0.00% | −0.03 |
| PEP Pepsico Inc. | Reduce -7.0% | 0.13% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -5.3% | 0.10% | −0.02 |
| RSP Invesco S&P 500 Equal Weight | Reduce -0.0% | 0.13% | −0.02 |
| ITOT iShares Core S&P Total U.S. | Reduce -8.8% | 0.07% | −0.02 |
| DLTR Dollar Tree Inc. | Reduce -35.5% | 0.02% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.5% | 0.11% | −0.01 |
| LII Lennox International Inc. | Sold out | 0.00% | −0.01 |
| HALO Halozyme Therapeutics Inc. | Sold out | 0.00% | −0.01 |
| VEEV Veeva Systems Inc. Class A | Reduce -59.2% | 0.01% | −0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -60.8% | 0.01% | −0.01 |
| PYPL PayPal Holdings Inc. | Reduce -47.8% | 0.01% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -7.0% | 0.07% | −0.01 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −0.01 |
| PAVE Global X US Infrastructure | Reduce -0.1% | 0.10% | −0.01 |
| MCB Metropolitan Bank Holding Co. | Sold out | 0.00% | −0.01 |
| USFR Wisdomtree Floating Rate Tre | Reduce -49.1% | 0.01% | −0.01 |
| TLT iShares 20+ Year Treasury BD | Reduce -29.0% | 0.01% | −0.01 |
| APPF Appfolio Inc. Class A | Reduce -50.0% | 0.01% | −0.01 |
| VGT Vanguard Info Tech ETF | Reduce -15.5% | 0.02% | −0.01 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.01 |
| ZLAB Zai Lab Ltd.-ADR | Sold out | 0.00% | −0.00 |
| SBLK Star Bulk Carriers Corp. | Sold out | 0.00% | −0.00 |
| URA Global X Uranium ETF | Sold out | 0.00% | −0.00 |
| NLOP Net Lease Office Property | Sold out | 0.00% | −0.00 |
| USRT iShares Core US REIT ETF | Reduce -10.7% | 0.01% | −0.00 |
| SNEX Stonex Group Inc. | Reduce -10.5% | 0.02% | −0.00 |
| ADBE Adobe Inc. | Reduce -33.9% | 0.00% | −0.00 |
| TOST Toast Inc. Class A | Reduce -44.8% | 0.00% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +16.7% | 7.80% | +2.00 |
| MSFT Microsoft Corp. | Add +165.2% | 2.69% | +1.53 |
| AMD Advanced Micro Devices | New | 1.33% | +1.33 |
| AMZN Amazon.com Inc. | Add +101.0% | 3.04% | +1.23 |
| AVGO Broadcom Inc. | Add +18.8% | 6.28% | +0.99 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 2.30% | +0.30 |
| THC Tenet Healthcare Corp. | New | 0.12% | +0.12 |
| ORCL Oracle Corp. | Add +10.0% | 0.74% | +0.11 |
| RBLX Roblox Corp. Class A | Add +1.2% | 1.08% | +0.11 |
| IAU iShares Gold Trust | Add +16.0% | 0.66% | +0.08 |
| COSO Coastal South Bancshares Inc. | New | 0.07% | +0.07 |
| CVGW Calavo Growers Inc. | New | 0.06% | +0.06 |
| CPNG Coupang Inc. | Add +39.6% | 0.32% | +0.06 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.06% | +0.06 |
| IREN Iren Ltd. | New | 0.06% | +0.06 |
| PLTR Palantir Technologies Inc. Class A | Add +67.1% | 0.08% | +0.04 |
| DVAX Dynavax Technologies Corp. | Add +165.1% | 0.06% | +0.03 |
| EOSE Eos Energy Enterprises Inc. | New | 0.03% | +0.03 |
| VTWG Vanguard Russell 2000 Growth | New | 0.03% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +45.1% | 0.13% | +0.03 |
| HOOD Robinhood Markets Inc. Class A | Add +0.1% | 0.12% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.2% | 0.88% | +0.03 |
| TSLX Sixth Street Specialty Lendi | New | 0.03% | +0.03 |
| VRT Vertiv Holdings Co. Class A | New | 0.02% | +0.02 |
| TSLA Tesla Inc. | Add +12.8% | 0.09% | +0.02 |
| AAPL Apple Inc. | Add +8.6% | 0.19% | +0.02 |
| MSA Msa Safety Inc. | Add +83.0% | 0.05% | +0.02 |
| XMTR Xometry Inc. Class A | Add +50.0% | 0.04% | +0.02 |
| ARM Arm Holdings PLC-ADR | New | 0.02% | +0.02 |
| AIQ Global X Art Intel & Tech | Add +34.3% | 0.07% | +0.01 |
| TECH Bio-Techne Corp. | New | 0.01% | +0.01 |
| ICF iShares Select U.S. REIT ETF | Add +24.7% | 0.28% | +0.01 |
| AMS American Shared Hospital Ser | New | 0.01% | +0.01 |
| XAR SS SPDR S&P Aerospace Def | New | 0.01% | +0.01 |
| GLW Corning Inc. | Add +0.5% | 0.04% | +0.01 |
| CIEN Ciena Corp. | New | 0.01% | +0.01 |
| WD Walker & Dunlop Inc. | New | 0.01% | +0.01 |
| CIFR Cipher Digital Inc. | New | 0.01% | +0.01 |
| GLD SPDR Gold Shares | Add +11.9% | 0.09% | +0.01 |
| PDD PDD Holdings Inc. | New | 0.01% | +0.01 |
| DBA Invesco DB Agriculture Fund | New | 0.01% | +0.01 |
| IBTL iShares Ibonds Dec 2031 Term | New | 0.01% | +0.01 |
| IBTH iShares Ibonds Dec 2027 Term | New | 0.01% | +0.01 |
| VRNA Verona Pharma Ltd. | New | 0.01% | +0.01 |
| VNOM Viper Energy Inc. Class A | New | 0.00% | +0.00 |
| NMM Navios Maritime Partners LP | New | 0.00% | +0.00 |
| HD Home Depot Inc. | New | 0.00% | +0.00 |
| WMT Walmart Inc. | New | 0.00% | +0.00 |
| GE General Electric | New | 0.00% | +0.00 |
| PRDO Perdoceo Education 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 |