National Philanthropic Trust
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed May 15, 2026), National Philanthropic Trust reported 385 stock positions worth $10.1 billion. Its top holding was Nvidia (NVDA) at 17.9% of the portfolio, followed by Apollo Global Management (APO, 12.9%) and Alphabet Class A (GOOGL, 10.4%). Compared with Q3 2025, it opened 94 new positions, sold out of 34, added to 150 and reduced 53. The biggest buy was Alphabet Class A (GOOGL, shares +17%) and the biggest sale Broadcom (AVGO, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- Jenkintown, PA
- CIK
- 0001785342
- Portfolio Value
- $10.1B (Q4 2025)
- SEC Filing
- 0001193805-26-000630 ↗ filed May 15, 2026
Holdings Value
Holdings 385 stocks · $10.1B
| NVDA Nvidia Corp. | 17.93% | 9,739,956 | $1.8B | Add +0.4% |
| APO Apollo Global Management Inc. | 12.88% | 9,012,737 | $1.3B | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 10.37% | 3,355,334 | $1.1B | Add +16.9% |
| IVV iShares Core S&P 500 ETF | 10.03% | 1,482,724 | $1.0B | Add +20.1% |
| AVGO Broadcom Inc. | 5.37% | 1,570,417 | $543.5M | Reduce -7.8% |
| VOO Vanguard S&P 500 ETF | 3.16% | 509,785 | $319.7M | Add +5.4% |
| AMZN Amazon.com Inc. | 2.84% | 1,246,825 | $287.8M | Add +0.8% |
| CVNA Carvana Co. | 2.74% | 657,103 | $277.3M | Add +0.7% |
| GOOG Alphabet Inc. Class C | 2.59% | 835,873 | $262.3M | Reduce -1.1% |
| BX Blackstone Inc. | 2.44% | 1,603,820 | $247.2M | Add +11.6% |
| MSFT Microsoft Corp. | 2.28% | 477,339 | $230.9M | Add +2.6% |
| AMD Advanced Micro Devices | 1.61% | 762,439 | $163.3M | Add +3.5% |
| IEFA iShares Core MSCI Eafe ETF | 1.53% | 1,726,862 | $154.5M | Add +16.8% |
| AGG iShares Core U.S. Aggregate | 1.50% | 1,524,821 | $152.3M | Add +57.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.14% | 169,929 | $115.9M | Add +3.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.98% | 342,408 | $99.4M | Add +15.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.82% | 273,667 | $83.2M | Reduce -3.0% |
| IWM iShares Russell 2000 ETF | 0.76% | 314,615 | $77.4M | Add +18.0% |
| IAU iShares Gold Trust | 0.74% | 925,981 | $75.2M | Add +13.7% |
| IEMG iShares Core MSCI Emerging | 0.73% | 1,093,363 | $73.5M | Add +41.8% |
| OWL Blue Owl Capital Inc. | 0.66% | 4,492,000 | $67.1M | Add +76.2% |
| ABNB Airbnb Inc. Class A | 0.64% | 479,639 | $65.1M | Add +2.3% |
| BSV Vanguard Short-Term Bond ETF | 0.64% | 823,682 | $64.9M | Add +12.2% |
| URTH iShares MSCI World ETF | 0.63% | 344,447 | $64.0M | Add +3.8% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.59% | 743,623 | $60.0M | Add +8.9% |
| RBLX Roblox Corp. Class A | 0.54% | 677,666 | $54.9M | Reduce -2.4% |
| TDG Transdigm Group Inc. | 0.53% | 40,695 | $54.1M | Add +972.6% |
| KKR KKR & Co. Inc. | 0.49% | 385,927 | $49.2M | Reduce -0.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.45% | 135,611 | $45.5M | Add +2.0% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.39% | 2,338,259 | $39.1M | Add +575.0% |
| VOTE TCW Transform 500 ETF | 0.38% | 476,634 | $38.2M | No change |
| UNH Unitedhealth Group Inc. | 0.32% | 99,616 | $32.9M | Reduce -0.8% |
| AAPL Apple Inc. | 0.32% | 119,782 | $32.6M | Add +79.0% |
| JIRE JPMorgan Int Res Enh Eqty | 0.27% | 366,523 | $27.4M | Add +17.6% |
| ICF iShares Select U.S. REIT ETF | 0.25% | 429,117 | $25.6M | Add +4.1% |
| VIG Vanguard Dividend Apprec ETF | 0.22% | 101,993 | $22.4M | Add +0.3% |
| PANW Palo Alto Networks Inc. | 0.21% | 113,917 | $21.0M | Add +0.6% |
| CPNG Coupang Inc. | 0.20% | 880,472 | $20.8M | No change |
| TPG TPG Inc. | 0.19% | 309,126 | $19.7M | Add +78.6% |
| EFA iShares MSCI Eafe ETF | 0.19% | 202,771 | $19.5M | Add +3.5% |
| VXUS Vanguard Total Intl Stock | 0.19% | 257,340 | $19.4M | No change |
| SUSL iShares ESG MSCI USA Leaders | 0.19% | 156,176 | $18.9M | New |
| TSLA Tesla Inc. | 0.18% | 40,883 | $18.4M | Add +121.4% |
| TLN Talen Energy Corp. | 0.17% | 46,688 | $17.5M | Add +6.1% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.16% | 221,025 | $16.0M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.15% | 25,351 | $15.6M | Add +49.1% |
| META Meta Platforms Inc. Class A | 0.15% | 22,858 | $15.1M | Add +36.4% |
| BND Vanguard Total Bond Market | 0.15% | 201,759 | $14.9M | Add +105.6% |
| DASH DoorDash Inc. Class A | 0.15% | 65,336 | $14.8M | Add +1.6% |
| KRMN Karman Holdings Inc. | 0.14% | 200,000 | $14.6M | New |
| GRBK Green Brick Partners Inc. | 0.14% | 231,556 | $14.5M | No change |
| HOOD Robinhood Markets Inc. Class A | 0.14% | 126,420 | $14.3M | Add +64.2% |
| CALM Cal-Maine Foods Inc. | 0.13% | 168,000 | $13.4M | New |
| DSI iShares ESG MSCI KLD 400 ETF | 0.12% | 96,130 | $12.4M | Add +25.6% |
| JPRE JPMorgan Realty Income ETF | 0.12% | 263,846 | $12.3M | Add +17.3% |
| PEP Pepsico Inc. | 0.12% | 83,373 | $12.0M | Add +3.3% |
| VEA Vanguard Ftse Developed ETF | 0.12% | 189,223 | $11.8M | Reduce -2.0% |
| RSP Invesco S&P 500 Equal Weight | 0.12% | 60,872 | $11.7M | Reduce -0.0% |
| HG Hamilton Insurance Grou Class B | 0.11% | 410,351 | $11.4M | New |
| IBIT iShares Bitcoin Trust ETF | 0.11% | 229,449 | $11.4M | Add +36.6% |
| APPN Appian Corp. Class A | 0.10% | 299,532 | $10.6M | Add +6.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.10% | 14 | $10.6M | Add +7.7% |
| BN Brookfield Corp. | 0.10% | 218,527 | $10.0M | No change |
| PAVE Global X US Infrastructure | 0.09% | 188,895 | $9.0M | Reduce -2.8% |
| IJH iShares Core S&P Midcap ETF | 0.09% | 136,413 | $9.0M | Reduce -2.6% |
| GLD SPDR Gold Shares | 0.09% | 22,554 | $8.9M | Add +0.9% |
| ORCL Oracle Corp. | 0.09% | 45,294 | $8.8M | Reduce -80.7% |
| BABA Alibaba Group Holding-SP ADR | 0.08% | 57,995 | $8.5M | Add +152.5% |
| LYFT LYFT Inc. Class A | 0.08% | 433,721 | $8.4M | Reduce -50.0% |
| ETON Eton Pharmaceuticals Inc. | 0.08% | 492,112 | $8.3M | No change |
| SCHW Schwab (charles) Corp. | 0.08% | 82,389 | $8.2M | Reduce -18.7% |
| ARLO Arlo Technologies Inc. | 0.08% | 563,293 | $7.9M | New |
| ITOT iShares Core S&P Total U.S. | 0.08% | 52,856 | $7.9M | Add +14.9% |
| NMFC New Mountain Finance Corp. filed as NEW MTN FIN CORP | 0.08% | 852,921 | $7.9M | No change |
| CUBI Customers Bancorp Inc. | 0.07% | 103,200 | $7.5M | No change |
| ALGN Align Technology Inc. | 0.07% | 47,824 | $7.5M | Add +51.1% |
| PLTR Palantir Technologies Inc. Class A | 0.07% | 41,903 | $7.4M | Add +2.1% |
| JPM JPMorgan Chase & Co. | 0.07% | 23,032 | $7.4M | Add +45.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.07% | 88,560 | $7.3M | Add +2.6% |
| DVA Davita Inc. | 0.07% | 62,931 | $7.1M | No change |
| GS Goldman Sachs Group Inc. | 0.07% | 8,103 | $7.1M | Add +0.4% |
| ALAB Astera Labs Inc. | 0.07% | 42,700 | $7.1M | Add +49.8% |
| CVGW Calavo Growers Inc. | 0.07% | 325,000 | $7.1M | Add +44.4% |
| ARES Ares Management Corp. Class A | 0.07% | 43,228 | $7.0M | Add +3.9% |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.07% | 29,935 | $6.9M | Add +19.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.07% | 13,466 | $6.8M | Add +8.0% |
| INCY Incyte Corp. | 0.07% | 67,655 | $6.7M | No change |
| ELV Elevance Health Inc. | 0.07% | 18,821 | $6.6M | Reduce -18.1% |
| MCO Moody's Corp. | 0.06% | 12,481 | $6.4M | No change |
| COF Capital One Financial Corp. | 0.06% | 26,035 | $6.3M | Reduce -18.8% |
| CP Canadian Pacific Kansas City | 0.06% | 82,361 | $6.1M | Add +6.7% |
| ICE Intercontinental Exchange Inc. | 0.06% | 37,440 | $6.1M | Reduce -17.5% |
| JFLX JPMorgan Flexible Debt ETF | 0.06% | 118,233 | $5.9M | New |
| SLV iShares Silver Trust | 0.06% | 91,657 | $5.9M | New |
| CVX Chevron Corp. | 0.06% | 37,864 | $5.8M | Add +47.0% |
| AIQ Global X Art Intel & Tech | 0.06% | 112,495 | $5.7M | Reduce -6.8% |
| LBRDK Liberty Broadband-C | 0.05% | 113,384 | $5.5M | Reduce -4.2% |
| JNJ Johnson & Johnson | 0.05% | 24,744 | $5.1M | Add +9.7% |
| TXRH Texas Roadhouse Inc. | 0.05% | 30,000 | $5.0M | No change |
| CRCL Circle Internet Group Inc. | 0.05% | 61,614 | $4.9M | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $77K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | 17,377 | $77K | No change |
Total filed on the 13F, all lines: $10.1B.
Portfolio Sells Q3 2025 → Q4 2025
| AVGO Broadcom Inc. | Reduce -7.8% | 5.37% | −0.92 |
| ORCL Oracle Corp. | Reduce -80.7% | 0.09% | −0.65 |
| RBLX Roblox Corp. Class A | Reduce -2.4% | 0.54% | −0.53 |
| LYFT LYFT Inc. Class A | Reduce -50.0% | 0.08% | −0.13 |
| THC Tenet Healthcare Corp. | Sold out | 0.00% | −0.12 |
| KKR KKR & Co. Inc. | Reduce -0.0% | 0.49% | −0.08 |
| COSO Coastal South Bancshares Inc. | Sold out | 0.00% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -0.8% | 0.32% | −0.06 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -3.0% | 0.82% | −0.06 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −0.05 |
| LBRDK Liberty Broadband-C | Reduce -4.2% | 0.05% | −0.03 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.03 |
| FWONK Liberty Media Corp. Class C | Reduce -28.3% | 0.04% | −0.03 |
| SCHW Schwab (charles) Corp. | Reduce -18.7% | 0.08% | −0.03 |
| ICE Intercontinental Exchange Inc. | Reduce -17.5% | 0.06% | −0.03 |
| IREN Iren Ltd. | Reduce -11.0% | 0.04% | −0.02 |
| DVAX Dynavax Technologies Corp. | Reduce -52.0% | 0.04% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -27.6% | 0.04% | −0.02 |
| HIMS Hims & Hers Health Inc. | Reduce -4.9% | 0.02% | −0.02 |
| ELV Elevance Health Inc. | Reduce -18.1% | 0.07% | −0.02 |
| ICLR Icon PLC | Reduce -25.3% | 0.04% | −0.02 |
| CACC Credit Acceptance Corp. | Reduce -24.3% | 0.03% | −0.02 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.02 |
| PAVE Global X US Infrastructure | Reduce -2.8% | 0.09% | −0.01 |
| MSA Msa Safety Inc. | Reduce -11.4% | 0.04% | −0.01 |
| CHTR Charter Communications Inc. Class A | Reduce -2.8% | 0.03% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -0.0% | 0.12% | −0.01 |
| COF Capital One Financial Corp. | Reduce -18.8% | 0.06% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -2.6% | 0.09% | −0.01 |
| XMTR Xometry Inc. Class A | Reduce -33.3% | 0.02% | −0.01 |
| AMS American Shared Hospital Ser | Sold out | 0.00% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -2.0% | 0.12% | −0.01 |
| DAWN Day One Biopharmaceuticals I | Sold out | 0.00% | −0.01 |
| AIQ Global X Art Intel & Tech | Reduce -6.8% | 0.06% | −0.01 |
| K Kellanova | Sold out | 0.00% | −0.01 |
| CIEN Ciena Corp. | Sold out | 0.00% | −0.01 |
| WD Walker & Dunlop Inc. | Sold out | 0.00% | −0.01 |
| BAM Brookfield Asset Mgmt-A | Sold out | 0.00% | −0.01 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.01 |
| CRGO Freightos Ltd. | Reduce -10.5% | 0.01% | −0.01 |
| APPF Appfolio Inc. Class A | Sold out | 0.00% | −0.01 |
| AB Alliancebernstein Holding LP | Sold out | 0.00% | −0.01 |
| GLW Corning Inc. | Reduce -7.2% | 0.04% | −0.01 |
| IWP iShares Russell Mid-Cap Grow | Reduce -20.2% | 0.01% | −0.01 |
| LBRDA Liberty Broadband-A | Sold out | 0.00% | −0.01 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.01 |
| VEEV Veeva Systems Inc. Class A | Reduce -41.2% | 0.00% | −0.00 |
| XMMO Invesco S&P Midcap Momentum | Sold out | 0.00% | −0.00 |
| PRDO Perdoceo Education Corp. | Sold out | 0.00% | −0.00 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +16.9% | 10.37% | +2.56 |
| IVV iShares Core S&P 500 ETF | Add +20.1% | 10.03% | +0.78 |
| TDG Transdigm Group Inc. | Add +972.6% | 0.53% | +0.48 |
| AGG iShares Core U.S. Aggregate | Add +57.1% | 1.50% | +0.42 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +575.0% | 0.39% | +0.32 |
| AMD Advanced Micro Devices | Add +3.5% | 1.61% | +0.28 |
| SUSL iShares ESG MSCI USA Leaders | New | 0.19% | +0.19 |
| OWL Blue Owl Capital Inc. | Add +76.2% | 0.66% | +0.18 |
| IEMG iShares Core MSCI Emerging | Add +41.8% | 0.73% | +0.16 |
| KRMN Karman Holdings Inc. | New | 0.14% | +0.14 |
| CALM Cal-Maine Foods Inc. | New | 0.13% | +0.13 |
| AAPL Apple Inc. | Add +79.0% | 0.32% | +0.13 |
| HG Hamilton Insurance Grou Class B | New | 0.11% | +0.11 |
| TSLA Tesla Inc. | Add +121.4% | 0.18% | +0.09 |
| TPG TPG Inc. | Add +78.6% | 0.19% | +0.08 |
| IEFA iShares Core MSCI Eafe ETF | Add +16.8% | 1.53% | +0.08 |
| IAU iShares Gold Trust | Add +13.7% | 0.74% | +0.08 |
| ARLO Arlo Technologies Inc. | New | 0.08% | +0.08 |
| BND Vanguard Total Bond Market | Add +105.6% | 0.15% | +0.07 |
| JFLX JPMorgan Flexible Debt ETF | New | 0.06% | +0.06 |
| SLV iShares Silver Trust | New | 0.06% | +0.06 |
| CRCL Circle Internet Group Inc. | New | 0.05% | +0.05 |
| IWM iShares Russell 2000 ETF | Add +18.0% | 0.76% | +0.04 |
| QQQM Invesco Nasdaq 100 ETF | Add +1805.4% | 0.04% | +0.04 |
| QQQ Invesco QQQ Trust Series 1 | Add +49.1% | 0.15% | +0.04 |
| HCA HCA Healthcare Inc. | New | 0.04% | +0.04 |
| BABA Alibaba Group Holding-SP ADR | Add +152.5% | 0.08% | +0.04 |
| PM Philip Morris International | New | 0.03% | +0.03 |
| ACN Accenture PLC Class A | Add +365.4% | 0.04% | +0.03 |
| SLNO Soleno Therapeutics Inc. | New | 0.03% | +0.03 |
| ALGN Align Technology Inc. | Add +51.1% | 0.07% | +0.03 |
| SGI Somnigroup International Inc. | Add +961.7% | 0.03% | +0.03 |
| VGK Vanguard Ftse Europe ETF | New | 0.03% | +0.03 |
| SE Sea Ltd.-ADR | New | 0.03% | +0.03 |
| EWJ iShares MSCI Japan ETF | New | 0.03% | +0.03 |
| IONQ Ionq Inc. | New | 0.02% | +0.02 |
| IWD iShares Russell 1000 Value E | Add +193.3% | 0.04% | +0.02 |
| SNOW Snowflake Inc. | Add +340.0% | 0.03% | +0.02 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +256.7% | 0.03% | +0.02 |
| HGTY Hagerty Inc. Class A | New | 0.02% | +0.02 |
| PRCT Procept Biorobotics Corp. | New | 0.02% | +0.02 |
| XLK SS Technology Select Sector | Add +131.1% | 0.03% | +0.02 |
| HOOD Robinhood Markets Inc. Class A | Add +64.2% | 0.14% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +45.7% | 0.07% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +79.6% | 0.05% | +0.02 |
| DDOG Datadog Inc. Class A | Add +92.9% | 0.04% | +0.02 |
| EWY iShares MSCI South Korea ETF | New | 0.02% | +0.02 |
| QCOM Qualcomm Inc. | Add +170.7% | 0.03% | +0.02 |
| JIRE JPMorgan Int Res Enh Eqty | Add +17.6% | 0.27% | +0.01 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +25.6% | 0.12% | +0.01 |
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 |