National Philanthropic Trust's Q3 2025 13F: 60 new positions, 18 exits
Form 13F-HR for the quarter ended Sep 30, 2025 · filed May 15, 2026 · 326 reported positions · accession 0001193805-26-000631
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | MICROSOFT CORP (MSFT) | 1.2% | 2.7% | +1.5 pts | +290K sh | +165% |
| Increased | AMAZON COM INC (AMZN) | 1.8% | 3.0% | +1.2 pts | +622K sh | +101% |
| New | ADVANCED MICRO DEVICES INC (AMD) | — | 1.3% | +1.3 pts | +737K sh | new |
| Increased | ALPHABET INC (GOOGL) | 5.8% | 7.8% | +2.0 pts | +411K sh | +17% |
| Increased | BROADCOM INC (AVGO) | 5.3% | 6.3% | +1.0 pts | +269K sh | +19% |
| Increased | APOLLO GLOBAL MGMT INC (APO) | 16.0% | 13.4% | −2.6 pts | +576K sh | +7% |
| Reduced | BLACKSTONE INC (BX) | 3.2% | 2.7% | −0.5 pts | −173K sh | −11% |
| Reduced | ISHARES TR (DSI) | 0.3% | 0.1% | −0.2 pts | −95,378 sh | −55% |
| New | TENET HEALTHCARE CORP (THC) | — | 0.1% | +0.1 pts | +50,834 sh | new |
| Exited | ISHARES INC (EWJ) | 0.1% | — | −0.1 pts | −110K sh | −100% |
| Exited | MAPLEBEAR INC (CART) | 0.1% | — | −0.1 pts | −159K sh | −100% |
| Reduced | ISHARES TR (IVV) | 10.4% | 9.2% | −1.1 pts | −12,659 sh | −1% |
| Increased | ISHARES GOLD TR (IAU) | 0.6% | 0.7% | +0.1 pts | +113K sh | +16% |
| Increased | COUPANG INC (CPNG) | 0.3% | 0.3% | +0.1 pts | +250K sh | +40% |
| Increased | VANGUARD INDEX FDS (VOO) | 3.6% | 3.3% | −0.3 pts | +12,937 sh | +3% |
| Reduced | TPG INC (TPG) | 0.2% | 0.1% | −0.1 pts | −108K sh | −38% |
| New | COASTALSOUTH BANCSHARES INC (COSO) | — | 0.1% | +0.1 pts | +278K sh | new |
| Increased | ORACLE CORP (ORCL) | 0.6% | 0.7% | +0.1 pts | +21,343 sh | +10% |
| Reduced | INTUITIVE MACHINES INC (LUNR) | 0.1% | 0.0% | −0.1 pts | −570K sh | −66% |
| New | CALAVO GROWERS INC (CVGW) | — | 0.1% | +0.1 pts | +225K sh | new |
| New | NU HLDGS LTD (NU) | — | 0.1% | +0.1 pts | +346K sh | new |
| New | IREN LIMITED (IREN) | — | 0.1% | +0.1 pts | +110K sh | new |
| Reduced | ISHARES TR (IWM) | 0.8% | 0.7% | −0.1 pts | −20,959 sh | −7% |
| Increased | ISHARES TR (ICF) | 0.3% | 0.3% | 0.0 pts | +81,573 sh | +25% |
| Reduced | BERKSHIRE HATHAWAY INC DEL (BRK-A) | 0.2% | 0.1% | −0.1 pts | −6 sh | −32% |
| Reduced | ISHARES TR (IEFA) | 1.7% | 1.4% | −0.3 pts | −44,497 sh | −3% |
| Reduced | DOORDASH INC (DASH) | 0.3% | 0.2% | −0.1 pts | −13,984 sh | −18% |
| Increased | VANGUARD TAX-MANAGED FDS (VEA) | 0.1% | 0.1% | 0.0 pts | +59,994 sh | +45% |
| Increased | DYNAVAX TECHNOLOGIES CORP (DVAX) | 0.0% | 0.1% | 0.0 pts | +330K sh | +165% |
| Increased | ISHARES INC (URTH) | 0.7% | 0.7% | 0.0 pts | +17,522 sh | +6% |
| Increased | ISHARES TR (AGG) | 1.2% | 1.1% | −0.2 pts | +31,537 sh | +3% |
| Reduced | HIMS & HERS HEALTH INC (HIMS) | 0.1% | 0.0% | 0.0 pts | −55,648 sh | −48% |
| Increased | PALANTIR TECHNOLOGIES INC (PLTR) | 0.0% | 0.1% | 0.0 pts | +16,481 sh | +67% |
| New | VANGUARD SCOTTSDALE FDS (VTWG) | — | 0.0% | 0.0 pts | +11,911 sh | new |
| New | EOS ENERGY ENTERPRISES INC (EOSE) | — | 0.0% | 0.0 pts | +244K sh | new |
| Exited | JACOBS SOLUTIONS INC (J) | 0.0% | — | 0.0 pts | −17,328 sh | −100% |
| Reduced | ISHARES TR (CRBN) | 0.1% | 0.1% | 0.0 pts | −11,401 sh | −31% |
| Reduced | SPDR S&P 500 ETF TR (SPY) | 1.4% | 1.2% | −0.2 pts | −3,808 sh | −2% |
| New | SIXTH STREET SPECIALTY LENDI (TSLX) | — | 0.0% | 0.0 pts | +100K sh | new |
| New | VERTIV HOLDINGS CO (VRT) | — | 0.0% | 0.0 pts | +14,385 sh | new |
| Increased | MSA SAFETY INC (MSA) | 0.0% | 0.1% | 0.0 pts | +12,255 sh | +83% |
| Increased | ELEVANCE HEALTH INC FORMERLY (ELV) | 0.1% | 0.1% | 0.0 pts | +6,216 sh | +37% |
| Increased | BLUE OWL CAPITAL INC (OWL) | 0.6% | 0.5% | −0.1 pts | +100K sh | +4% |
| Reduced | ISHARES INC (IEMG) | 0.6% | 0.6% | −0.1 pts | −24,407 sh | −3% |
| Reduced | VANGUARD INDEX FDS (VO) | 1.1% | 1.0% | −0.2 pts | −5,324 sh | −2% |
| New | ARM HOLDINGS PLC (ARM) | — | 0.0% | 0.0 pts | +11,000 sh | new |
| Increased | GLOBAL X FDS (AIQ) | 0.1% | 0.1% | 0.0 pts | +30,832 sh | +34% |
| Increased | ISHARES TR (EFA) | 0.2% | 0.2% | 0.0 pts | +15,200 sh | +8% |
| Increased | NVIDIA CORPORATION (NVDA) | 20.5% | 20.2% | −0.3 pts | +7,302 sh | 0% |
| Increased | APPLE INC (AAPL) | 0.2% | 0.2% | 0.0 pts | +5,287 sh | +9% |
The 50 largest of 226 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- VIPER ENERGY INC (VNOM): 927959106 → 64361Q101, 10,000 → 10,000 shares
Top 10 positions — 71.5% of the equity book
Changes in the top 10 this quarter: MSFT entered · GOOG left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | NVIDIA CORPORATION (NVDA) | 20.5% | 20.2% | |
| 2 | APOLLO GLOBAL MGMT INC (APO) | 16.0% | 13.4% | |
| 3 | ISHARES TR (IVV) | 10.4% | 9.2% | |
| 4 | ALPHABET INC (GOOGL) | 5.8% | 7.8% | |
| 5 | BROADCOM INC (AVGO) | 5.3% | 6.3% | |
| 6 | VANGUARD INDEX FDS (VOO) | 3.6% | 3.3% | |
| 7 | AMAZON COM INC (AMZN) | 1.8% | 3.0% | |
| 8 | CARVANA CO (CVNA) | 2.9% | 2.8% | |
| 9 | BLACKSTONE INC (BX) | 3.2% | 2.7% | |
| 10 | MICROSOFT CORP (MSFT) | 1.2% | 2.7% | Entered the top 10 |
| — | ALPHABET INC (GOOG) | 2.0% | 2.3% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).