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Trustees Of THE University Of Pennsylvania 13F Disclosure (Q2 2026) — Portfolio & Holdings
Trustees Of THE University Of PennsylvaniaCIK: 0000351083
High-turnover traderConcentrated strategySector-focused
Total reported value
$104.2M
Reporting period: 2026-06-30 · Number of holdings: 5
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA disclosed 5 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $104.2M and a quarterly turnover rate of 103.3%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 10
- Sizing Uniformity
- 83.37
Trustees Of THE University Of Pennsylvania's disclosed holdings carry a Herfindahl concentration index of 0.643 — mathematically equivalent to about 2 equally-sized positions, well below its 5 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 1.66), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 3.5 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd KRMN
-15.4% -$73.8M
Trim LUNR
-94.5% -$56.4M
Trim USAR
-89.8% -$62.8M
New buy 15675D103
Sold out DNUT
New buy AMPX
Holdings Map
New buyAddUnchangedTrim
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | KRMN | Karman Holdings Inc | Stock-Industrials | 79.14% | +26.49% | -15.36% | |
| 2 | USAR | USA Rare Earth Inc | Stock-Other | 10.21% | -14.54% | -89.84% | |
| 3 | ✓ | Stock-Other | 6.81% | +6.81% | NEW | ||
| 4 | LUNR | Intuitive Machines Inc | Stock-Other | 3.69% | -16.61% | -94.46% | |
| 5 | AMPX | Amprius Technologies Inc | Stock-Other | 0.15% | +0.15% | NEW |
Portfolio Performance
Performance for Q3 2026
-41.4%
Performance Last 4 Quarters
-7.5%
- Stdev
- +48.7%
- Beta
- +1.89
- Alpha
- -57%
- Max Drawdown
- -70.7%
- Annualized Perf
- -27.5%
- Batting Avg vs S&P
- +38.9%
- Sortino
- -0.49
- Stutzer
- -0.12
- Treynor
- -0.1
- Sterling
- -0.49
- Calmar
- -0.39
- Information Ratio
- -0.9
- Tracking Error
- +43.7%
- Stdev Down
- +39.2%
- Winning Months %
- +44.4%
- Losing Months %
- +55.6%
- Best 12 Months
- +52.8%
- Worst 12 Months
- -60.4%
- Efficiency Ratio
- +0.17
- Sharpe
- -0.39
- Stdev Sectors
- 0%
- Skewness
- -0.46
- Kurtosis
- +0.1
- Upside Potential
- +1.33
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 5 | $104.2M | 100 | ||
| 2026 Q1 | 4 | $296.8M | 38 | ||
| 2025 Q4 | 3 | $203.6M | 100 | ||
| 2024 Q3 | 3 | $28.2M | 0 | ||
| 2024 Q2 | 3 | $25.7M | 0 | ||
| 2024 Q1 | 4 | $43.5M | 0 | ||
| 2023 Q4 | 3 | $36.5M | 0 | ||
| 2023 Q3 | 3 | $35.0M | 0 | ||
| 2023 Q2 | 6 | $132.7M | 0 | ||
| 2023 Q1 | 6 | $95.6M | 0 | ||
| 2022 Q4 | 5 | $84.4M | 0 | ||
| 2022 Q3 | 5 | $75.6M | 0 | ||
| 2022 Q2 | 5 | $82.0M | 0 | ||
| 2022 Q1 | 6 | $132.3M | 0 | ||
| 2021 Q4 | 5 | $245.7M | 0 | ||
| 2014 Q4 | 2 | $33.0M | 80 | ||
| 2014 Q3 | 2 | $38.1M | 23 | 1EEM2007624 | |
| 2014 Q2 | 3 | $48.1M | 25 | ||
| 2014 Q1 | 2 | $37.6M | 2 | 1EEM2007624 | |
| 2013 Q4 | 4 | $38.4M | 0 |
Holding changes this quarter
Trustees Of THE University Of Pennsylvania's most significant position changes for 2026-06-30: New buy: ; Sold out: Krispy Kreme Inc (DNUT); New buy: Amprius Technologies Inc (AMPX); Trim: Karman Holdings Inc (KRMN) — shares -15.36%; Trim: Intuitive Machines Inc (LUNR) — shares -94.46%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | KRMN | Karman Holdings Inc | +26.5% | -15.36% | Trim |
| 2 | ✓ | +6.8% | NEW | New buy | |
| 3 | AMPX | Amprius Technologies Inc | +0.2% | NEW | New buy |
| 4 | DNUT | Krispy Kreme Inc | -2.3% | EXIT | Sold out |
| 5 | USAR | USA Rare Earth Inc | -14.5% | -89.84% | Trim |
| 6 | LUNR | Intuitive Machines Inc | -16.6% | -94.46% | Trim |
Filing History
FAQ
What is Trustees Of THE University Of Pennsylvania and what type of investor is it?
Trustees Of THE University Of Pennsylvania 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 $104.2M, spread across 5 disclosed positions.
What are Trustees Of THE University Of Pennsylvania's largest equity positions?
Based on the latest 13F filing, Trustees Of THE University Of Pennsylvania's top holdings by market value are:
1. Karman Holdings Inc (KRMN) — $82.5M (79.1%)
2. USA Rare Earth Inc (USAR) — $10.6M (10.2%)
3. — $7.1M (6.8%)
4. Intuitive Machines Inc (LUNR) — $3.9M (3.7%)
5. Amprius Technologies Inc (AMPX) — $151.5K (0.1%)
What changes did Trustees Of THE University Of Pennsylvania make in its most recent portfolio filing?
In the latest reported quarter, Trustees Of THE University Of Pennsylvania made 6 notable position adjustments: 2 new positions were initiated, 0 existing holdings were added to, 3 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: ; Sold out: Krispy Kreme Inc (DNUT); New buy: Amprius Technologies Inc (AMPX); Trim: Karman Holdings Inc (KRMN) — shares -15.36%; Trim: Intuitive Machines Inc (LUNR) — shares -94.46%
What sectors does Trustees Of THE University Of Pennsylvania focus on?
Trustees Of THE University Of Pennsylvania is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 100.0%
Investment Profile
Trustees Of THE University Of Pennsylvania returned an annualized -27.5% over the trailing 36 months — underperforming the S&P 500 by 57.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.89 (more volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is concentrated and fast-trading, with 100.0% of the portfolio concentrated in Industrials.
Its turnover score has risen from 0 to 100 over the past 4 quarters — a shift toward more active trading.
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Developer Access
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