Trustees of the University of Pennsylvania

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Trustees of the University of Pennsylvania reported 4 stock positions worth $296.8 million. Its top holding was Karman (KRMN) at 52.7% of the portfolio, followed by USA Rare Earth (USAR, 24.8%) and Intuitive Machines (LUNR, 20.3%). Compared with Q4 2025, it opened 1 new position. The biggest buy was a new position in USA Rare Earth (USAR).