Stocks/Funds/CIK 315054

REGENTS OF THE UNIVERSITY OF CALIFORNIA

concentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 315054
Assets
$3.01B
+541.9% YoY
Holdings
12
Lifetime alpha vs market
+4.44% annual
Average hold time
1.1 yr
median 0.9 yr

Quarterly history

Cum return +81% vs S&P +52% · α +29% lifetimeAUM $3.0B · peak $3.0BFlow $316M (+11%)2016-062017-122019-062020-122022-062023-122025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
-3.89%
trims when stocks drop
when a holding falls −10%+
Middle response
-2.01%
baseline attrition
Rally response
-10.38%
trims into rallies
when a holding rises +10%+

Top positions · 12

Ticker$ value% portYoYHold time
STTState Street Corporation$1.27B42.4%+44.6%0.8 yr
OTFBlue Owl Technology Fina$541M18.0%1.0 yr
ASMLASML Holding N.V.$464M15.4%+100.9%0.8 yr
BNBrookfield Corporation$363M12.1%+16.5%1.5 yr
GLDMSPDR Gold MiniShares Tru$133M4.4%0.3 yr
BXBlackstone Inc.$74M2.5%-14.9%0.3 yr
CGThe Carlyle Group Inc.$73M2.4%+13.9%0.3 yr
FDSFactSet Research Systems$49M1.6%-51.6%0.5 yr
QTOPiShares Nasdaq Top 30 St$30M1.0%1.5 yr
$4M0.1%1.5 yr
OWLBlue Owl Capital Inc.$1M0.0%-51.8%3.8 yr
SRZNWSurrozen, Inc.$0M0.0%1.5 yr

Portfolio composition (YoY)

Industry mix
Asset Management82.8%-14.9pp$2.49B
Semiconductors15.4%$464M
Financial - Data & Stock Exchanges1.6%$49M
Unknown0.1%-0.2pp$4M
Biotechnology0.0%-0.3pp$0M
Country
US72.3%+41.6pp
NL15.4%
CA12.1%-54.9pp
Unknown0.1%-0.2pp
Top 5: 92.3% · Top 10: 100.0% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
BN$314M+0.03B16.5%
OWL$120M-0.06B-51.8%

Losers

TickerPrev $PnLYoY %
OWL$120M-0.06B-51.8%

Top buys this quarter · 5

STT State Street Corporation+$171M
BX Blackstone Inc.new+$74M
CG The Carlyle Group Inc.new+$73M
FDS FactSet Research Systems Inc.+$27M
GLDM SPDR Gold MiniShares Trustnew+$0M

Top sells this quarter · 4

ASML ASML Holding N.V.$457M
OWL Blue Owl Capital Inc.$54M
BN Brookfield Corporation$0M
0YY7.L DigitalBridge Group, Inc.exit$0M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$3.01B12+15.81%+17.59%-1.78%+0.32B
2025-12-31$2.81B10+7.53%+17.72%-10.19%+0.83B
2025-09-30$1.84B8+18.44%+17.52%+0.92%+0.64B
2025-06-30$1.18B6+25.54%+14.94%+10.59%+0.66B
2025-03-31$468M7+11.26%+8.30%+2.96%+0.18B
2024-12-31$323M5+46.42%+24.89%+21.54%+0.14B
2024-09-30$155M2+38.98%+36.04%+2.94%-0.04B
2024-06-30$183M7+38.29%+24.49%+13.80%-0.15B
2024-03-31$344M26+52.62%+29.62%+22.99%-0.59B
2023-12-31$796M27+42.01%+26.18%+15.83%-0.08B
2023-09-30$779M28+42.42%+21.57%+20.85%-0.08B
2023-06-30$799M29+15.51%+19.42%-3.92%+0.22B
2023-03-31$538M29-7.92%-7.82%-0.11%-0.04B
2022-12-31$527M34+12.34%+7.56%+4.78%-0.03B
2022-09-30$493M37-12.97%-4.93%-8.04%+0.06B
2022-06-30$499M34-13.63%-16.11%+2.48%-0.08B