YALE UNIVERSITY

CIK 0000938582 · Q3 2025

13F Equity AUM

$2.1M

+143.9% QoQ

Positions

+2 QoQ

AUM Rank

#11,877

Top 95%

Skill Alpha (FF)

-4.2%/yr^ns

No Clear Edge

vs S&P -16.0%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 100.0%Top 10: 100.0%Top 20: 100.0%

ISHARES TR CORE S&P TTL STK44.4%

VERA32.3%

DOO22.7%

REI0.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Fund44.4%

Healthcare32.3%

Consumer Cyclical22.7%

Other0.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 4Median: 27.48%Avg: 25.00%

0–0.5%

0(0.0%)

0.5–1%

1(0.7%)

1–3%

0(0.0%)

3–5%

0(0.0%)

5%+

3(99.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 4vs 20 funds

0%Low

Fund positions

7,177

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New2Increased1Decreased0Exited0

New Positions

VERA32.3%

+23K

DOO22.7%

+8K

Increased

ISHARES TR CORE S&am…44.4%

+96(+2%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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