Trustees of the University of Pennsylvania

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), Trustees of the University of Pennsylvania reported 5 stock positions worth $104.2 million. Its top holding was Karman (KRMN) at 79.1% of the portfolio, followed by USA Rare Earth (USAR, 10.2%) and Cerebras Systems Class A (CBRS, 6.8%). Compared with Q1 2026, it opened 2 new positions, sold out of 1 and reduced 3. The biggest buy was a new position in Cerebras Systems Class A (CBRS) and the biggest sale Intuitive Machines (LUNR, shares −94%).