Regents of the University of California

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Regents of the University of California reported 6 stock positions worth $468.4 million. Its top holding was Brookfield (BN) at 67.0% of the portfolio, followed by Blue Owl Capital (OWL, 25.6%) and iShares NSDQ Top 30 Stocks (QTOP, 5.1%). Compared with Q4 2024, it opened 2 new positions, sold out of 1 and added to 1. The biggest buy was Brookfield (BN, shares +123%) and the biggest sale an exit from Rubrik Class A (RBRK).

Most Recent 13F
Q2 2026
Location
OAKLAND, CA
CIK
0000315054
Portfolio Value
$468.4M (Q1 2025)
SEC Filing
0001140361-25-018427 ↗ filed May 13, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $344.0M Q1 2024 Q2 2024: $182.9M Q2 2024 Q3 2024: $154.7M Q3 2024 Q4 2024: $322.8M Q4 2024 Q1 2025: $468.4M $468.4M Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.8B Q3 2025 Q4 2025: $2.8B Q4 2025 Q1 2026: $3.0B Q1 2026 Q2 2026: $4.4B Q2 2026

Holdings 6 stocks · $468.4M
BN Brookfield Corp. 66.98% 5,986,137 $313.7M Add +123.1%
OWL Blue Owl Capital Inc. 25.64% 5,991,575 $120.1M No change
QTOP iShares NSDQ Top 30 Stocks 5.10% 1,005,773 $23.9M No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 1.70% 778,855 $8.0M New
SRZN Surrozen Inc. 0.33% 133,207 $1.6M No change
CNTA Centessa Pharmaceuticals Ltd. 0.25% 81,884 $1.2M New
Other holdings (1): bonds, preferreds, convertibles and warrants · $2K (not counted above)
SecurityClassShares / PrincipalValueChange
SRZNW Surrozen Inc.-CW25 *W EXP 08/01/203 83,333$2KNew

Total filed on the 13F, all lines: $468.4M.

Portfolio Sells Q4 2024 → Q1 2025
RBRK Rubrik Inc. Class A Sold out 0.00% −0.30

Portfolio Buys Q4 2024 → Q1 2025
BN Brookfield Corp. Add +123.1% 66.98% +19.23
NU Nu Holdings Ltd./Cayman Isl-A New 1.70% +1.70
CNTA Centessa Pharmaceuticals Ltd. New 0.25% +0.25

Notes & Other Activity Q4 2024 → Q1 2025
SRZNW Surrozen Inc.-CW25 *W EXP 08/01/203 New 83,333 $2K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 10$4.4BSTT, SPCX, ASML, OTF, BN
Q1 2026Amended 11$3.0BSTT, OTF, ASML, BN, GLDM
Q4 2025Amended 9$2.8BSTT, OTF, ASML, BN, OWL
Q3 2025Amended 7$1.8BOTF, ASML, BN, STT, OWL
Q2 2025Amended 5$1.2BOTF, BN, OWL, QTOP, SRZN
Q1 2025 6$468.4MBN, OWL, QTOP, NU, SRZN
Q4 2024 5$322.8MBN, OWL, QTOP, SRZN, RBRK
Q3 2024 1$154.7MOWL
Q2 2024 7$182.9MOWL, OBDC, NTLA, BRK.B, SANA
Q1 2024 26$344.0MOBDC, OWL, EL, XOM, NTLA