Board of Trustees of The Leland Stanford Junior University

CIK 0001315828 · Q1 2026

13F Equity AUM

$848.7M

+71.0% QoQ

Positions

0 QoQ

AUM Rank

#3,130

Top 25%

Skill Alpha (FF)

-0.6%/yr^ns

No Clear Edge

Rank #3,146 · Top 38%

vs S&P -10.0%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 94.8%Top 10: 99.2%Top 20: 100.0%

EEM60.5%

GOOGL13.4%

EWJ9.7%

EFA5.8%

SPY5.6%

KOD3.1%

MPLT0.5%

ANNX0.3%

BSM0.3%

WLTH0.2%

Others (12)0.8%

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

Sector Allocation

Financial Services81.6%

Communication Services13.4%

Healthcare3.9%

Other1.1%

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

Position Sizing

Positions: 22Median: 0.18%Avg: 4.55%

0–0.5%

16(2.0%)

0.5–1%

0(0.0%)

1–3%

0(0.0%)

3–5%

1(3.1%)

5%+

5(94.8%)

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

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Portfolio Overlap

Shared: 19Unique: 3vs 20 funds

0.3%Low

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

0.4%

FMR LLC

0.5%

MORGAN STANLEY

0.3%

BANK OF AMERICA CORP /DE/

0.3%

VANGUARD CAPITAL MANAGEMENT LLC

0.4%

GEODE CAPITAL MANAGEMENT, LLC

0.4%

STATE STREET CORP

0.4%

JPMORGAN CHASE & CO

0.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.4%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New6Increased1Decreased2Exited6

New Positions

GOOGL13.4%

+394K

EFA5.8%

+504K

SPY5.6%

+73K

WLTH0.2%

+208K

ETHOS TECHNOLOGIES I…0.0%

+32K

MERLIN INC0.0%

+33K

Increased

EEM60.5%

+4.6M(+103%)

Decreased

CARL0.0%

-12,514(-50%)

MPLT0.5%

-2(0%)

Exited

-394,353

-312,234

-31,303

-4,000

-13,521

NXGL

-32,500

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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