Harvard Just Disclosed a $2.2 Billion Stake in This Tech Stock
Key Points
Harvard's fund is about $57 billion, with a heavy dose of mega tech stocks.
Public equities comprise just $4.3 billion, of which SpaceX shares are worth $2.2 billion.
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Harvard University's endowment, known as Harvard Management, just disclosed a $2.2 billion investment in Space Exploration Technologies (NASDAQ: SPCX) , commonly known as SpaceX.
Harvard's endowment, officially named Harvard Management, is the largest in the world with an estimated value of about $57 billion.
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SpaceX is far and away the largest single stock holding for the fund. Other large holdings include Taiwan Semiconductor Manufacturing, Amazon, Microsoft, and Cerebras Systems. The fund's equity holdings come to about $4.3 billion and include many large technology companies. Interestingly, the fund also holds about $101 million in Bitcoin, via the iShares Bitcoin Trust ETF.
Publicly traded stocks make up just a small portion of the fund, while investments in private equity and hedge funds made up about 72% as of fiscal 2025.
Image source: Getty Images.
The fund posted a return of about 12% last year and has done relatively well in recent years, including a 33.6% gain in 2021. It suffered a historic 27.3% loss in 2009, about $11 billion, due to the global financial crisis. Harvard's investments were tied up in illiquid assets like private equity and real estate, which lost significant value during the crisis. It took the fund seven years to recover from that loss.
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Matthew Benjamin has positions in Microsoft. The Motley Fool has positions in and recommends Amazon, Microsoft, Taiwan Semiconductor Manufacturing, and iShares Bitcoin Trust. The Motley Fool has a disclosure policy.
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