Trustees of the University of Pennsylvania

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Trustees of the University of Pennsylvania reported 3 stock positions worth $203.6 million. Its top holding was Karman (KRMN) at 70.2% of the portfolio, followed by Intuitive Machines (LUNR, 25.9%) and Krispy Kreme (DNUT, 4.0%).

Most Recent 13F
Q2 2026
Location
Philadelphia, PA
CIK
0000351083
Portfolio Value
$203.6M (Q4 2025)
SEC Filing
0001193125-26-040951 ↗ filed Feb 6, 2026

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $43.5M Q1 2024 Q2 2024: $25.7M Q2 2024 Q3 2024: $28.2M Q3 2024 Q4 2025: $203.6M $203.6M Q4 2025 Q1 2026: $296.8M Q1 2026 Q2 2026: $104.2M Q2 2026

Holdings 3 stocks · $203.6M
KRMN Karman Holdings Inc. 70.16% 1,952,568 $142.9M —
LUNR Intuitive Machines Inc. 25.87% 3,246,424 $52.7M —
DNUT Krispy Kreme Inc. 3.97% 2,009,111 $8.1M —

Portfolio Sells Q4 2025

No earlier filing to compare with.

Portfolio Buys Q4 2025

No earlier filing to compare with.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 5$104.2MKRMN, USAR, CBRS, LUNR, AMPX
Q1 2026 4$296.8MKRMN, USAR, LUNR, DNUT
Q4 2025 3$203.6MKRMN, LUNR, DNUT
Q3 2024 3$28.2MDNUT, LUNR, CARM
Q2 2024 3$25.7MDNUT, LUNR, CARM
Q1 2024 4$43.5MDNUT, COIN, LUNR, CARM