Regents of the University of California

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed May 28, 2026), Regents of the University of California reported 9 stock positions worth $2.8 billion. Its top holding was State Street (STT) at 40.0% of the portfolio, followed by Blue Owl Technology Finance (OTF, 22.5%) and ASML Holding NV-NY Reg SHS (ASML, 16.3%). Compared with Q3 2025, it opened 2 new positions and added to 1. The biggest buy was State Street (STT, shares +211%).

Most Recent 13F
Q2 2026
Location
OAKLAND, CA
CIK
0000315054
Portfolio Value
$2.8B (Q4 2025)
SEC Filing
0001140361-26-023130 ↗ filed May 28, 2026

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 Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.8B Q3 2025 Q4 2025: $2.8B $2.8B Q4 2025 Q1 2026: $3.0B Q1 2026 Q2 2026: $4.4B Q2 2026

Holdings 9 stocks · $2.8B
STT State Street Corp. 40.03% 8,706,195 $1.1B Add +211.2%
OTF Blue Owl Technology Finance 22.52% 43,624,472 $631.7M No change
ASML ASML Holding NV-NY Reg SHS 16.28% 426,959 $456.8M No change
BN Brookfield Corp. 14.69% 8,979,206 $412.1M No change
OWL Blue Owl Capital Inc. 3.19% 5,991,575 $89.5M No change
QTOP iShares NSDQ Top 30 Stocks 1.15% 1,005,773 $32.1M No change
FDS Factset Research Systems Inc. 1.07% 103,764 $30.1M New
DBRG Digitalbridge Group Inc. 0.96% 1,763,937 $27.1M New
SRZN Surrozen Inc. 0.11% 133,207 $3.0M No change
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$2KNo change

Total filed on the 13F, all lines: $2.8B.

Portfolio Sells Q3 2025 → Q4 2025
None this quarter.

Portfolio Buys Q3 2025 → Q4 2025
STT State Street Corp. Add +211.2% 40.03% +22.41
FDS Factset Research Systems Inc. New 1.07% +1.07
DBRG Digitalbridge Group Inc. New 0.96% +0.96

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