Q2 2026 13F · SEC CIK 351083
Trustees of the University of Pennsylvania
Endowment & foundationFiled 2026-08-10 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $104.2M
- Reported positions
- 5
- Holdings vs S&P 500, 3 yrs
- —
- Average holding period
- 1 qtrs
Trustees of the University of Pennsylvania is an endowment & foundation that reported 5 positions worth $104.2M in its Q2 2026 13F, filed 2026-08-10. Its largest holdings were Karman Hldgs Inc (KRMN, 79.1%), USA Rare Earth Inc (USAR, 10.2%), Cerebras Systems Inc (CBRS, 6.8%).
Trustees of the University of Pennsylvania holdings all 5 positions.
Weights are shares of the filer's total reported 13F value, compared with Q2 2023. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| KRMNKarman Hldgs Inc | 79.1% | — | $82.5M |
| USARUSA Rare Earth Inc | 10.2% | — | $10.6M |
| CBRSCerebras Systems Inc | 6.8% | — | $7.1M |
| LUNRIntuitive Machines Inc | 3.7% | — | $3.9M |
| AMPXAmprius Technologies Inc | 0.1% | — | $151K |
What Trustees of the University of Pennsylvania bought and sold in Q2 2026, against Q2 2023.
New positions
- KRMN Karman Hldgs Inc79.1% of 13F
- USAR USA Rare Earth Inc10.2% of 13F
- CBRS Cerebras Systems Inc6.8% of 13F
- LUNR Intuitive Machines Inc3.7% of 13F
- AMPX Amprius Technologies Inc0.1% of 13F
Added to
No position grew by more than 5%.
Reduced
No position shrank by more than 5%.
Sold out
- LNW Light & Wonder Incwas 37.0%
- DNUT Krispy Kreme Incwas 22.3%
- KDP Keurig Dr Pepper Incwas 21.5%
- Carisma Therapeutics Incwas 14.4%
- PRCT Procept Biorobotics Corpwas 2.4%
- COUR Coursera Incwas 2.3%
Share counts compared with the Q2 2023 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- —
- 3 years
- —
- 5 years
- —
A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $104.2M | 5 |
| Q2 2023 | $132.7M | 6 |
| Q1 2023 | $95.6M | 6 |
| Q4 2022 | $84.4M | 5 |
| Q3 2022 | $75.6M | 5 |
| Q2 2022 | $82.0M | 5 |
| Q1 2022 | $132.3M | 6 |
| Q4 2021 | $245.7M | 5 |
Questions about Trustees of the University of Pennsylvania's portfolio
What stocks does Trustees of the University of Pennsylvania own?
Trustees of the University of Pennsylvania's latest 13F, for Q2 2026 and filed Aug 10, 2026, lists 5 positions worth $104.2M. The largest are Karman Hldgs Inc (KRMN) at 79.1%, USA Rare Earth Inc (USAR) at 10.2%, Cerebras Systems Inc (CBRS) at 6.8%, Intuitive Machines Inc (LUNR) at 3.7% and Amprius Technologies Inc (AMPX) at 0.1%.
What did Trustees of the University of Pennsylvania buy last quarter?
In Q2 2026, Trustees of the University of Pennsylvania added a new position in Karman Hldgs Inc (KRMN), a new position in USA Rare Earth Inc (USAR), a new position in Cerebras Systems Inc (CBRS), a new position in Intuitive Machines Inc (LUNR) and a new position in Amprius Technologies Inc (AMPX), compared with its Q2 2023 filing.
What did Trustees of the University of Pennsylvania sell last quarter?
In Q2 2026, Trustees of the University of Pennsylvania sold all of Light & Wonder Inc (LNW), sold all of Krispy Kreme Inc (DNUT), sold all of Keurig Dr Pepper Inc (KDP), sold all of Carisma Therapeutics Inc and sold all of Procept Biorobotics Corp (PRCT), compared with its Q2 2023 filing.
When is Trustees of the University of Pennsylvania's next 13F filing due?
13F filings are due 45 days after each quarter ends. Trustees of the University of Pennsylvania's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.