JOHNS HOPKINS UNIVERSITY
Q3 2025 Form 13-F
BALTIMORE, MARYLAND
CIK 0001764756
· Institutional investment manager
$1.8B Reported Value Total
Reported value
$1.8B
Quarter over quarter
+3.1%
Holdings
16
Top-10 concentration
98.8%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
William Duncan IV
Managing Director, Investment Operations
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Q3 2025 13F record
Q3 2025 13F filing summary
| Period of report | September 30, 2025 |
|---|---|
| Filed | November 17, 2025 |
| Form | 13F-HR |
| Reported value | $1.8B |
| Positions | 16 |
| Change in reported value | -5.2% |
| New positions | 1 |
| Exited positions | 4 |
| Position turnover | 25.0% |
| Top-10 concentration | 98.8% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
18 | $1.5B |
|
Q1 2026 13F
Filed May 14, 2026
|
13 | $1.4B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
14 | $1.4B |
|
Q3 2025 13F
Filed Nov 17, 2025
|
16 | $1.8B |
|
Q2 2025 13F
Filed Aug 15, 2025
|
19 | $1.9B |
|
Q1 2025 13F
Filed May 6, 2025
|
15 | $2.7B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
14 | $2.7B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
14 | $2.7B |
|
Q2 2024 13F
Filed Aug 9, 2024
|
16 | $2.5B |
|
Q1 2024 13F
Filed May 15, 2024
|
17 | $2.6B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
17 | $2.4B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
13 | $1.8B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
12 | $1.8B |
|
Q1 2023 13F
Filed May 12, 2023
|
13 | $1.6B |
|
Q4 2022 13F
Filed Feb 9, 2023
|
10 | $1.7B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
12 | $1.7B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
10 | $1.0B |
|
Q1 2022 13F
Filed May 16, 2022
|
12 | $969.0M |
|
Q4 2021 13F
Filed Feb 14, 2022
|
11 | $1.0B |
|
Q3 2021 13F
Filed Nov 12, 2021
|
11 | $1.2B |
7 earlier quarters on file — choose one from the quarter menu above.
Top 16 holdings · Q3 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | AGG ISHARES TR | $1.2B | 64.53% |
| 2 | QQQ INVESCO QQQ TR | $155.2M | 8.65% |
| 3 | IWB ISHARES TR | $96.7M | 5.39% |
| 4 | EMXC ISHARES INC | $96.1M | 5.36% |
| 5 | GNR SPDR INDEX SHS FDS | $93.1M | 5.19% |
| 6 | ACWI ISHARES TR | $51.7M | 2.88% |
| 7 | USRT ISHARES TR | $51.0M | 2.84% |
| 8 | VGSH VANGUARD SCOTTSDALE FDS | $36.3M | 2.02% |
| 9 | MBB ISHARES TR | $18.4M | 1.03% |
| 10 | IGSB ISHARES TR | $17.1M | 0.95% |
| 11 | EWJ ISHARES INC | $11.7M | 0.65% |
| 12 | IWD ISHARES TR | $6.8M | 0.38% |
| 13 | PDD PDD HOLDINGS INC | $1.9M | 0.1% |
| 14 | VTI VANGUARD INDEX FDS | $287.1K | 0.02% |
| 15 | IOT SAMSARA INC | $217.2K | 0.01% |
| 16 | BRNS BARINTHUS BIOTHERAPEUTICS PLC | $152.8K | < 0.01% |
Values as reported on the Q3 2025 Form 13F. Every position is in the holdings table below.