Stocks/Funds/CIK 873687

NORTHWESTERN UNIVERSITY

microcap filerlong-term holderconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 873687
Assets
$51M
-17.5% YoY
Holdings
3
Lifetime alpha vs market
-21.85% annual
Average hold time
5.1 yr
median 3.5 yr

Quarterly history

Cum return -17% vs S&P +86% · α -102% lifetimeAUM $51M · peak $269MFlow $17M (+31%)2016-092018-122020-062021-092022-122024-032025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+10.16%
adds when stocks drop
when a holding falls −10%+
Middle response
-24.81%
baseline attrition
Rally response
+0.00%
adds into rallies
when a holding rises +10%+

Top positions · 3

Ticker$ value% portYoYHold time
BRK-ABerkshire Hathaway Inc.$47M92.1%8.3 yr
RYANRyan Specialty Holdings,$4M7.8%-46.8%3.5 yr
$0M0.1%3.5 yr

Portfolio composition (YoY)

Industry mix
Insurance - Diversified92.1%+5.9pp$47M
Insurance - Specialty7.8%-4.4pp$4M
Unknown0.1%-0.1pp$0M
Country
US99.9%+0.1pp
Unknown0.1%-0.1pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
RYAN$8M-0.00B-46.8%

Losers

TickerPrev $PnLYoY %
RYAN$8M-0.00B-46.8%

Top buys this quarter · 0

No buys this quarter

Top sells this quarter · 1

ACTU Actuate Therapeutics Incexit$0M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$51M3-45.24%+9.65%-54.89%+0.02B
2025-09-30$57M4-9.44%+17.52%-26.96%+0.01B
2025-06-30$56M4+22.94%+14.94%+7.99%-0.00B
2025-03-31$62M5+32.77%+8.30%+24.47%-0.01B
2024-12-31$62M6+20.47%+24.89%-4.42%-0.02B
2024-09-30$85M6+21.39%+36.04%-14.65%-0.02B
2024-06-30$93M6+22.85%+24.49%-1.65%-0.02B
2024-03-31$108M6+35.06%+29.62%+5.44%-0.01B
2023-12-31$112M6+23.74%+26.18%-2.44%-0.02B
2023-09-30$129M7+25.95%+21.57%+4.38%+0.01B
2023-06-30$102M6+11.42%+8.68%+2.74%-0.02B
2023-03-31$112M7-3.69%+7.46%-11.14%+0.01B
2022-12-31$104M7+2.19%+7.56%-5.37%+0.00B
2022-09-30$102M6+0.01B
2022-06-30$95M5-0.03B
2022-03-31$121M5+0.01B