Harvard Management Co. includes Bitcoin and Gold in portfolio while reducing Tech holdings.
Harvard Management Co. made some strategic investment decisions during the second quarter of 2025, as revealed in its latest 13F filing. The $51 billion endowment diversified its portfolio by adding new positions in a Bitcoin exchange-traded fund along with a gold ETF. Additionally, the endowment re-entered the Amazon stock market by acquiring a substantial 1 million shares of the e-commerce giant, valued at $235 million.
The esteemed Harvard University endowment made a notable investment in the iShares Bitcoin Trust ETF, acquiring over 1.9 million shares, valued at approximately $117 million as of June’s end. It also made an initial foray into investing in the SPDR Gold Shares ETF, procuring 333,000 shares with an approximate value of $101.5 million.
Conversely, Harvard Management Co. decided to decrease its stake in various large- and mega-cap technology stocks during the same quarter. The endowment notably reduced its positions in Meta Platforms by a substantial 67% compared to the end of the first quarter, and liquidated 40% of its Broadcom shares. In addition, it divested 73,000 shares of Google-parent Alphabet’s stock, diminishing its total holdings in the tech giant by 10%.
Harvard Management Co. also opted to sell off its entire shareholdings in rideshare company Uber Technologies, amounting to 885,000 shares valued at approximately $65 million at the time of sale. Additionally, the endowment divested its 132,111 shares in cybersecurity firm Rubrik, totaling an approximate value of $8.1 million, and reduced its stake in gaming manufacturer Light & Wonder by 41%.
Despite the reduction in technology stock holdings, Harvard Management Co. decided to acquire shares in two tech companies. The endowment increased its investments by more than 200,000 shares in Microsoft, resulting in a 48% surge in its holdings of the company. It also raised its allocation in Nvidia Corp. by 30%.
Interestingly, Harvard Management Co. opted to sell all of its 211,820 shares in ETF Invesco QQQ during the first quarter of the year, amounting to a significant $99.3 million. This ETF tracks the performance of the 100 largest non-financial companies listed on the Nasdaq Stock Market based on market capitalization. Additionally, the endowment reduced its exposure to travel services company Booking Holdings by 16% and downsized its holdings in Purecycle Technologies, a producer of recycled polypropylene, by 24%.
In conclusion, Harvard Management Co. has made strategic moves in its investment portfolio by diversifying into Bitcoin and gold ETFs while reducing its exposure to certain technology stocks. These decisions align with the endowment’s investment strategy, reflecting a balanced approach to wealth management and portfolio optimization.
