Massachusetts Institute of Technology
The Massachusetts Institute of Technology Investment Management Company (MITIMCo) is the investment office for MIT, based in Cambridge, Massachusetts. It manages the Institute's endowment and pension funds with the goal of supporting MIT’s world-class education, research, and innovation. MITIMCo is a specialized asset manager serving MIT’s long-term financial needs. The endowment supports financial aid, research initiatives, faculty chairs, and campus operations. MIT was founded in 1861 and MITIMCo manages the investment program for the Institute, overseeing a staff of investment professionals and operational experts. MIT employs thousands across the university, though MITIMCo itself is a much smaller entity.
Investment Strategy
MITIMCo seeks to generate high real rates of return while minimizing exceptional volatility. The portfolio is broadly diversified, favoring equities over fixed income and emphasizing allocations to less efficient markets. MITIMCo primarily invests via external fund managers, targeting top-tier global investment talent across asset classes. As of 2024, the asset allocation included significant weights in equities (67%), marketable alternatives (14%), fixed income (10%), real estate (6%), real assets (1%), and cash/short-term assets (2%). The focus is on supporting MIT’s mission through prudent, long-term investing that preserves capital, maximizes purchasing power, and fulfills specific donor directives.
Top Holdings
Equity Positions (7)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
C CPNG | COUPANG INC | 69.46% | $691.4M | 23,078,672 | $23.80 | $29.96 | +$62.0M |
C CVNA | CARVANA CO | 21.42% | $213.3M | 632,924 | $336.96 | $336.96 | +$213.3M |
B BOC | BOSTON OMAHA CORP | 3.45% | $34.3M | 2,444,473 | $24.55 | $14.04 | -$1.3M |
I IOT | SAMSARA INC | 2.93% | $29.2M | 734,181 | $39.78 | $39.78 | +$29.2M |
N NNI | NELNET INC | 2.40% | $23.9M | 197,211 | $121.12 | $121.12 | +$23.9M |