University of Wisconsin Foundation

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), University of Wisconsin Foundation reported 8 stock positions worth $117.8 million. Its top holding was Sea Ltd.-ADR (SE) at 24.6% of the portfolio, followed by Pearl Diver Credit Compy (PDCC, 23.4%) and Madrigal Pharmaceuticals (MDGL, 13.6%). Compared with Q4 2024, it opened 1 new position, added to 2 and reduced 3. The biggest buy was Madrigal Pharmaceuticals (MDGL, shares +16%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −74%).

Most Recent 13F
Q2 2026
Location
MADISON, WI
CIK
0001697228
Portfolio Value
$117.8M (Q1 2025)
SEC Filing
0001697228-25-000003 ↗ filed May 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $88.6M Q1 2024 Q2 2024: $88.8M Q2 2024 Q3 2024: $153.3M Q3 2024 Q4 2024: $137.6M Q4 2024 Q1 2025: $117.8M $117.8M Q1 2025 Q2 2025: $89.4M Q2 2025 Q3 2025: $118.1M Q3 2025 Q4 2025: $118.9M Q4 2025 Q1 2026: $112.6M Q1 2026 Q2 2026: $126.3M Q2 2026

Holdings 8 stocks · $117.8M
SE Sea Ltd.-ADR 24.63% 307,504 $29.0M Reduce -2.5%
PDCC Pearl Diver Credit Compy Inc. 23.44% 1,459,221 $27.6M No change
MDGL Madrigal Pharmaceuticals Inc. 13.60% 48,376 $16.0M Add +16.4%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 12.44% 1,431,951 $14.7M No change
AKRO Akero Therapeutics Inc. 11.28% 328,504 $13.3M Reduce -20.0%
ETNB 89BIO Inc. 7.12% 1,153,357 $8.4M Add +25.7%
IVV iShares Core S&P 500 ETF 5.99% 12,555 $7.1M Reduce -74.3%
SRPT Sarepta Therapeutics Inc. 1.50% 27,717 $1.8M New

Portfolio Sells Q4 2024 → Q1 2025
IVV iShares Core S&P 500 ETF Reduce -74.3% 5.99% −14.87
SE Sea Ltd.-ADR Reduce -2.5% 24.63% +0.75
AKRO Akero Therapeutics Inc. Reduce -20.0% 11.28% +2.98

Portfolio Buys Q4 2024 → Q1 2025
MDGL Madrigal Pharmaceuticals Inc. Add +16.4% 13.60% +4.28
ETNB 89BIO Inc. Add +25.7% 7.12% +1.90
SRPT Sarepta Therapeutics Inc. New 1.50% +1.50

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 9$126.3MSMH, CBRS, PDCC, PCVX, NU
Q1 2026 10$112.6MPDCC, NU, PCVX, AAPL, SE
Q4 2025 8$118.9MNU, PDCC, AAPL, NVDA, MSFT
Q3 2025 9$118.1MPDCC, NU, AKRO, RNAM, NVDA
Q2 2025 5$89.4MPDCC, NU, AKRO, MDGL, ETNB
Q1 2025 8$117.8MSE, PDCC, MDGL, NU, AKRO
Q4 2024 7$137.6MSE, PDCC, IVV, NU, MDGL
Q3 2024 7$153.3MSE, IVV, PDCC, NU, AKRO
Q2 2024 6$88.8MIVV, NU, MDGL, GE, AKRO
Q1 2024 6$88.6MIVV, NU, MDGL, GE, AKRO