Stocks/Funds/CIK 1599858

Michael & Susan Dell Foundation

long-term holderconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1599858
Assets
$2.85B
+45.8% YoY
Holdings
8
Lifetime alpha vs market
+21.78% annual
Average hold time
1.8 yr
median 1.8 yr

Quarterly history

Cum return +254% vs S&P +53% · α +201% lifetimeAUM $2.8B · peak $2.9BFlow $-343M (-12%)2016-032017-092019-062020-122022-062023-122025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
-2.24%
trims when stocks drop
when a holding falls −10%+
Middle response
+12.92%
steady accumulation
Rally response
-18.26%
trims into rallies
when a holding rises +10%+

Top positions · 8

Ticker$ value% portYoYHold time
IVViShares Core S&P 500 ETF$2.08B73.1%1.8 yr
DELLDell Technologies Inc.$440M15.4%+83.4%1.8 yr
AVGOBroadcom Inc.$198M6.9%+86.0%2.5 yr
HAYWHayward Holdings, Inc.$58M2.0%-3.9%1.8 yr
VTIVanguard Total Stock Mar$43M1.5%0.5 yr
ARCCAres Capital Corporation$24M0.8%-10.7%0.5 yr
VEAVanguard FTSE Developed $4M0.1%5.3 yr
CAICaris Life Sciences, Inc$0M0.0%0.5 yr

Portfolio composition (YoY)

Industry mix
Asset Management75.6%-10.6pp$2.15B
Computer Hardware15.4%+13.5pp$440M
Semiconductors6.9%+1.5pp$198M
Electrical Equipment & Parts2.0%-4.3pp$58M
Biotechnology0.0%$0M
Country
US100.0%+0.0pp
Top 5: 99.0% · Top 10: 100.0% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
AVGO$107M+0.09B86.0%
DELL$39M+0.03B83.4%
HAYW$124M-0.00B-3.9%

Losers

TickerPrev $PnLYoY %
HAYW$124M-0.00B-3.9%

Top buys this quarter · 1

ARCC Ares Capital Corporation+$24M

Top sells this quarter · 0

No sells this quarter

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$2.85B8+69.70%+17.59%+52.11%-0.34B
2025-12-31$2.88B8+20.75%+17.72%+3.03%+0.39B
2025-09-30$2.45B4+67.12%+17.52%+49.61%-0.21B
2025-06-30$2.30B4+60.63%+14.94%+45.69%-0.24B
2025-03-31$1.95B4+49.14%+8.30%+40.84%+0.49B
2024-12-31$1.86B4+134.03%+24.89%+109.14%-0.11B
2024-09-30$1.40B4+11.20%+5.75%+5.45%+0.31B
2024-06-30$980M2+20.99%+4.38%+16.62%+0.01B
2024-03-31$802M6+23.58%+10.39%+13.19%-1.56B
2023-12-31$1.91B9+1.83B
2023-09-30$82M2-0.00B
2023-06-30$87M2-0.01B
2023-03-31$94M2+1.18%-7.82%+9.00%-0.06B
2022-12-31$105M3-45.12%+7.56%-52.68%+0.05B
2022-09-30$106M4+37.15%-4.93%+42.08%-0.07B
2022-06-30$130M4-7.58%-16.11%+8.53%-0.02B