Trustees of the University of Pennsylvania 13F: Quarter-over-Quarter Portfolio Changes
Trustees of the University of Pennsylvania reported a disclosed portfolio value of approximately $104.2 million in its latest SEC Form 13F-HR filing for Q2 2026, down 64.9% quarter on quarter. Over the quarter, the endowment initiated 2 new positions, trimmed 3 holdings, and exited 1 position.
Trustees of the University of Pennsylvania's top buy was a new stake in Cerebras Systems INC (CBRS) , equal to 6.8% of the disclosed portfolio. Its top sell was Intuitive Machines INC (LUNR) . The endowment sold 94.5% of its previously reported shares, reducing the position's portfolio weight by 16.6 percentage points.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| CEREBRAS SYSTEMS INC | CBRS | 6.8% | History → |
| AMPRIUS TECHNOLOGIES INC | AMPX | 0.1% | History → |
Top SellsQ2 2026
The endowment's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| INTUITIVE MACHINES INC | LUNR | -16.6% | 94.5% | History → |
| USA RARE EARTH INC | USAR | -14.5% | 89.8% | History → |
| KARMAN HLDGS INC | KRMN | 26.5% | 15.4% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| KRISPY KREME INC | DNUT | 2.3% |
Net Portfolio Value ChangeQ2 2026
- $0.3BPrior quarter
- $0.1BCurrent quarter
- $-0.2BNet delta
- -64.9%% change
Methodology & FAQ
How Trustees of the University of Pennsylvania Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Trustees of the University of Pennsylvania: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Trustees of the University of Pennsylvania buy in Q2 2026?
In Q2 2026, Trustees of the University of Pennsylvania initiated 2 new positions (CEREBRAS SYSTEMS INC (CBRS), AMPRIUS TECHNOLOGIES INC (AMPX)).
What stocks did Trustees of the University of Pennsylvania sell in Q2 2026?
In Q2 2026, Trustees of the University of Pennsylvania fully sold 1 position (KRISPY KREME INC (DNUT)); reduced holdings in INTUITIVE MACHINES INC (LUNR), USA RARE EARTH INC (USAR), KARMAN HLDGS INC (KRMN).
Which positions did Trustees of the University of Pennsylvania initiate in Q2 2026?
Trustees of the University of Pennsylvania established 2 new positions in Q2 2026: CEREBRAS SYSTEMS INC (CBRS, 6.8%), AMPRIUS TECHNOLOGIES INC (AMPX, 0.1%).
Which existing positions saw the largest allocation increases for Trustees of the University of Pennsylvania in Q2 2026?
Trustees of the University of Pennsylvania reported no material allocation increases in existing positions in Q2 2026.
Which positions did Trustees of the University of Pennsylvania fully exit in Q2 2026?
Trustees of the University of Pennsylvania fully exited 1 position in Q2 2026: KRISPY KREME INC (DNUT, last-reported weight 2.3%).
Which existing positions saw the largest allocation reductions for Trustees of the University of Pennsylvania in Q2 2026?
Of 3 existing positions with share-count reductions in Q2 2026, the largest were: INTUITIVE MACHINES INC (LUNR, -16.6% weight, -94.5% shares), USA RARE EARTH INC (USAR, -14.5% weight, -89.8% shares), KARMAN HLDGS INC (KRMN, 26.5% weight, -15.4% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.