Gray Foundation

Concentrated strategySector-focusedContrarian

Total reported value

$396.8M

Reporting period: 2026-03-31 · Number of holdings: 11

Gray Foundation disclosed 11 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $396.8M and a quarterly turnover rate of 8.9%.

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Personality snowflake

Concentration: 100
Portfolio Stability: 8.93
Momentum/Contrarian: 0
Sector conviction: 100
Diversification: 22
Sizing Uniformity: 82.13

Recent moves

Add HLT
0.0%　$12.3M
Trim IGM
0.0%　-$6.0M
Trim INDA
0.0%　-$3.1M
Trim GOOG
0.0%　-$3.0M
Trim HGV
0.0%　-$1.2M
Trim INVH
0.0%　-$1.0M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	HLT	Hilton Worldwide Holdings In	Stock-Consumer Disc	56.08%	+3.34%	—
2	IGM	Ishares Expanded Tech Sector	ETF-Tech	16.70%	-1.42%	—
3	GOOG	Alphabet Inc-cl C	Stock-Comm Services	8.10%	-0.72%	—
4	INDA	Ishares Msci India ETF	ETF-Other	5.03%	-0.74%	—
5	ROBO	Robo Global Robotics And Aut	ETF-Other	3.54%	-0.03%	—
6	SOXX	Ishares Semiconductor ETF	ETF-Other	2.85%	+0.25%	—
7	INVH	Invitation Homes INC	Stock-Real Estate	2.13%	-0.25%	—
8	HGV	Hilton Grand Vacations INC	Stock-Other	2.10%	-0.29%	—
9	BA	Boeing Co/the	Stock-Industrials	1.32%	-0.12%	—
10	NBIX	Neurocrine Biosciences INC	Stock-Healthcare	1.26%	-0.09%	—
11	AZN	AstraZeneca PLC	Stock-Healthcare	0.91%	+0.91%	NEW

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	11	$396.8M	9	1HLT 2IGM 3GOOG Top holdings2026-03-31 1.HLT 2.IGM 3.GOOG 4.INDA 5.ROBO 6.SOXX 7.INVH 8.HGV 9.BA 10.NBIX
2025-12-31	11	$398.5M	13	1HLT 2IGM 3GOOG Top holdings2025-12-31 1.HLT 2.IGM 3.GOOG 4.INDA 5.ROBO 6.SOXX 7.HGV 8.INVH 9.BA 10.NBIX
2025-09-30	8	$351.3M	25	1HLT 2IGM 3GOOG Top holdings2025-09-30 1.HLT 2.IGM 3.GOOG 4.INDA 5.ROBO 6.INVH 7.SOXX 8.HGV
2025-06-30	9	$353.1M	0	1HLT 2IGM 3INDA Top holdings2025-06-30 1.HLT 2.IGM 3.INDA 4.GOOG 5.ROBO 6.INVH 7.HGV 8.SOXX 9.IBB
2025-03-31	11	$320.7M	0	1HLT 2IGM 3INDA Top holdings2025-03-31 1.HLT 2.IGM 3.INDA 4.IBB 5.GOOG 6.INVH 7.ROBO 8.HGV 9.SOXX 10.VHT
2024-12-31	14	$350.7M	0	1HLT 2IGM 3INDA Top holdings2024-12-31 1.HLT 2.IGM 3.INDA 4.IBB 5.GOOG 6.ROBO 7.INVH 8.HGV 9.SOXX 10.ADI
2024-09-30	12	$337.1M	0	1HLT 2IGM 3INDA Top holdings2024-09-30 1.HLT 2.IGM 3.INDA 4.IBB 5.GOOG 6.INVH 7.ROBO 8.SOXX 9.ASND 10.HGV
2024-06-30	12	$327.0M	0	1HLT 2IGM 3INDA Top holdings2024-06-30 1.HLT 2.IGM 3.INDA 4.GOOG 5.IBB 6.INVH 7.ROBO 8.HGV 9.SOXX 10.ASND
2024-03-31	11	$320.1M	0	1HLT 2IGM 3INDA Top holdings2024-03-31 1.HLT 2.IGM 3.INDA 4.IBB 5.GOOG 6.SOXX 7.INVH 8.ROBO 9.HGV 10.ASND
2023-12-31	11	$282.7M	0	1HLT 2IGM 3INDA Top holdings2023-12-31 1.HLT 2.IGM 3.INDA 4.IBB 5.GOOG 6.ROBO 7.INVH 8.SOXX 9.HGV 10.ASND

Holding changes this quarter

Gray Foundation's most significant position changes for 2026-03-31: New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN).

Position changes disclosed by Gray Foundation for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	HLT	Hilton Worldwide Holdings In	+3.3%	—	Unchanged
2	SOXX	Ishares Semiconductor ETF	+0.3%	—	Unchanged
3	ROBO	Robo Global Robotics And Aut	0%	—	Unchanged
4	NBIX	Neurocrine Biosciences INC	-0.1%	—	Unchanged
5	BA	Boeing Co/the	-0.1%	—	Unchanged
6	INVH	Invitation Homes INC	-0.3%	—	Unchanged
7	HGV	Hilton Grand Vacations INC	-0.3%	—	Unchanged
8	GOOG	Alphabet Inc-cl C	-0.7%	—	Unchanged
9	INDA	Ishares Msci India ETF	-0.7%	—	Unchanged
10	IGM	Ishares Expanded Tech Sector	-1.4%	—	Unchanged
11	AZN	AstraZeneca PLC	—	NEW	New buy
12	AZNN	Astrazeneca Plc-spons Adr	—	EXIT	Sold out

FAQ

What is Gray Foundation and what type of investor is it?

Gray Foundation is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $396.8M, spread across 11 disclosed positions.

What are Gray Foundation's largest equity positions?

Based on the latest 13F filing, Gray Foundation's top holdings by market value are: 1. Hilton Worldwide Holdings In (HLT) — $222.5M (56.1%) 2. Ishares Expanded Tech Sector (IGM) — $66.3M (16.7%) 3. Alphabet Inc-cl C (GOOG) — $32.1M (8.1%) 4. Ishares Msci India ETF (INDA) — $19.9M (5.0%) 5. Robo Global Robotics And Aut (ROBO) — $14.0M (3.5%)

What changes did Gray Foundation make in its most recent portfolio filing?

In the latest reported quarter, Gray Foundation made 2 notable position adjustments: 1 new positions were initiated, 0 existing holdings were added to, 0 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN)

What sectors does Gray Foundation focus on?

Gray Foundation is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Discretionary: 85.6% • Communication Services: 12.4% • Industrials: 2.0%