M&
Michael & Susan Dell Foundation 13F Holdings (Q2 2026) — Stock Portfolio & Buys
Michael & Susan Dell FoundationCIK: 0001599858
Concentrated strategySector-focusedMomentum follower
Total reported value
$3.8B
Reporting period: 2026-06-30 · Number of holdings: 7
Michael & Susan Dell Foundation disclosed 7 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $3.8B and a quarterly turnover rate of 28.9%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 28.9
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 14
- Sizing Uniformity
- 83.46
Michael & Susan Dell Foundation's disclosed holdings carry a Herfindahl concentration index of 0.478 — mathematically equivalent to about 2 equally-sized positions, well below its 7 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.65), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 34% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd DELL
-8.3% $621.1M
Trim IVV
0.0% $305.0M
Trim AVGO
-20.0% -$4.7M
Trim VTI
0.0% $6.6M
Trim ARCC
+2.6% $1.3M
Sold out VEA
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 62.96% | -10.12% | — | |
| 2 | DELL | Dell Technologies -c | Stock-Tech | 27.99% | +12.54% | -8.30% | |
| 3 | AVGO | Broadcom Inc | Stock-Tech | 5.09% | -1.85% | -20.00% | |
| 4 | HAYW | Hayward Holdings Inc | Stock-Other | 1.98% | -0.06% | — | |
| 5 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.31% | -0.21% | — | |
| 6 | ARCC | Ares Capital CORP | Stock-Financials | 0.66% | -0.18% | +2.56% | |
| 7 | CAI | Caris Life Sciences Inc | Stock-Other | 0.01% | — | — |
Portfolio Performance
Performance for Q3 2026
+2.5%
Performance Last 4 Quarters
+48.7%
- Stdev
- +23.4%
- Beta
- +1
- Alpha
- +19.9%
- Max Drawdown
- -13.7%
- Annualized Perf
- +44.7%
- Batting Avg vs S&P
- +58.3%
- Sortino
- +5.61
- Stutzer
- +0.55
- Treynor
- +0.4
- Sterling
- +2.61
- Calmar
- +3.26
- Information Ratio
- +1.03
- Tracking Error
- +19.4%
- Stdev Down
- +7.1%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +77.2%
- Worst 12 Months
- +14.7%
- Efficiency Ratio
- +1.07
- Sharpe
- +1.71
- Stdev Sectors
- +48%
- Skewness
- +0.97
- Kurtosis
- +0.59
- Upside Potential
- +7.26
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 7 | $3.8B | 29 | ||
| 2026 Q1 | 8 | $2.8B | 8 | ||
| 2025 Q4 | 8 | $2.9B | 17 | ||
| 2025 Q3 | 4 | $2.5B | 25 | ||
| 2025 Q2 | 4 | $2.3B | 0 | ||
| 2025 Q1 | 4 | $2.0B | 100 | ||
| 2024 Q4 | 4 | $1.9B | 0 | ||
| 2024 Q3 | 4 | $1.4B | 0 | ||
| 2024 Q2 | 2 | $980.0M | 0 | ||
| 2024 Q1 | 6 | $802.2M | 0 | ||
| 2023 Q4 | 9 | $1.9B | 0 | ||
| 2023 Q3 | 2 | $82.4B | 0 | 1VEA262548M | |
| 2023 Q2 | 2 | $87.0B | 0 | 1VEA262548M | |
| 2023 Q1 | 2 | $94.0B | 0 | 1VEA262548M | |
| 2022 Q4 | 3 | $105.1M | 0 | ||
| 2022 Q3 | 4 | $106.0M | 0 | ||
| 2022 Q2 | 4 | $130.3M | 0 | ||
| 2022 Q1 | 5 | $165.9M | 0 | ||
| 2021 Q4 | 3 | $138.5M | 0 | ||
| 2021 Q3 | 3 | $148.6M | 0 | ||
| 2021 Q2 | 3 | $182.7M | 21 | ||
| 2021 Q1 | 3 | $148.2M | 11 | ||
| 2020 Q4 | 3 | $156.0M | 100 | ||
| 2020 Q3 | 4 | $501.2M | 9 | ||
| 2020 Q2 | 4 | $459.3M | 17 | ||
| 2020 Q1 | 4 | $385.9M | 79 | ||
| 2019 Q4 | 3 | $488.8M | 100 | ||
| 2019 Q3 | 30 | $105.1M | 23 | ||
| 2019 Q2 | 32 | $112.7M | 50 | ||
| 2019 Q1 | 13 | $103.7M | 100 | ||
| 2018 Q3 | 3 | $61.2M | 30 | ||
| 2018 Q2 | 6 | $70.1M | 18 | ||
| 2018 Q1 | 5 | $63.9M | 86 | ||
| 2017 Q4 | 7 | $150.1M | 100 | ||
| 2017 Q3 | 7 | $126.8M | 4 | ||
| 2017 Q2 | 7 | $126.5M | 8 | ||
| 2017 Q1 | 7 | $117.1M | 22 | ||
| 2016 Q4 | 7 | $134.6M | 66 | ||
| 2016 Q3 | 7 | $99.2M | 10 | ||
| 2016 Q2 | 7 | $96.4M | 21 | ||
| 2016 Q1 | 8 | $103.0M | 27 | ||
| 2015 Q4 | 7 | $117.5M | 40 | ||
| 2015 Q3 | 9 | $137.1M | 24 | ||
| 2015 Q2 | 9 | $174.0M | 13 | ||
| 2015 Q1 | 8 | $163.4M | 21 | ||
| 2014 Q4 | 7 | $133.7M | 72 | ||
| 2014 Q3 | 7 | $120.4M | 6 | ||
| 2014 Q2 | 7 | $118.8M | 60 | ||
| 2014 Q1 | 8 | $113.8M | 38 | ||
| 2013 Q4 | 9 | $123.6M | 0 |
Holding changes this quarter
Michael & Susan Dell Foundation's most significant position changes for 2026-06-30: Sold out: Vanguard Ftse Developed ETF (VEA); Trim: Dell Technologies -c (DELL) — shares -8.30%; Trim: Broadcom Inc (AVGO) — shares -20.00%; Add: Ares Capital CORP (ARCC) — shares +2.56%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DELL | Dell Technologies -c | +12.5% | -8.30% | Trim |
| 2 | CAI | Caris Life Sciences Inc | — | — | Unchanged |
| 3 | HAYW | Hayward Holdings Inc | -0.1% | — | Unchanged |
| 4 | VEA | Vanguard Ftse Developed ETF | -0.1% | EXIT | Sold out |
| 5 | ARCC | Ares Capital CORP | -0.2% | +2.56% | Add |
| 6 | VTI | Vanguard Total Stock Mkt ETF | -0.2% | — | Unchanged |
| 7 | AVGO | Broadcom Inc | -1.9% | -20.00% | Trim |
| 8 | IVV | Ishares Core S&p 500 ETF | -10.1% | — | Unchanged |
Filing History
FAQ
What is Michael & Susan Dell Foundation and what type of investor is it?
Michael & Susan Dell Foundation is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $3.8B, spread across 7 disclosed positions.
What are Michael & Susan Dell Foundation's largest equity positions?
Based on the latest 13F filing, Michael & Susan Dell Foundation's top holdings by market value are:
1. Ishares Core S&p 500 ETF (IVV) — $2.4B (63.0%)
2. Dell Technologies -c (DELL) — $1.1B (28.0%)
3. Broadcom Inc (AVGO) — $193.0M (5.1%)
4. Hayward Holdings Inc (HAYW) — $75.1M (2.0%)
5. Vanguard Total Stock Mkt ETF (VTI) — $49.8M (1.3%)
What changes did Michael & Susan Dell Foundation make in its most recent portfolio filing?
In the latest reported quarter, Michael & Susan Dell Foundation made 4 notable position adjustments: 0 new positions were initiated, 1 existing holdings were added to, 2 positions were partially reduced, and 1 were completely exited. The largest of these moves: Sold out: Vanguard Ftse Developed ETF (VEA); Trim: Dell Technologies -c (DELL) — shares -8.30%; Trim: Broadcom Inc (AVGO) — shares -20.00%; Add: Ares Capital CORP (ARCC) — shares +2.56%
What sectors does Michael & Susan Dell Foundation focus on?
Michael & Susan Dell Foundation is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 98.0%
• Financials: 2.0%
Investment Profile
Michael & Susan Dell Foundation returned an annualized 44.7% over the trailing 36 months — outperforming the S&P 500 by 19.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.00 (roughly in line with the market) and a 58% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 98.0% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 29 over the past 4 quarters — a shift toward more active trading.
It has added to its DELL position over the past two quarters (+$723.7M, now $1.1B), while trimming AVGO over the same stretch (-$28.0M, still holding $193.0M).
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Developer Access
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