Harvard Management Co. Inc.
Harvard Management Company Inc. (HMC), founded in 1974, is the investment management company responsible for overseeing Harvard University's endowment and related financial assets. Based in Boston, MA, HMC manages over $53 billion in assets and plays a pivotal role in funding Harvard's teaching and research mission. The firm employs approximately 100 professionals and is recognized for pioneering institutional approaches to absolute return, private equity, and sustainable investing. HMC primarily serves Harvard University, supporting its financial aid, faculty positions, and research initiatives.
Investment Strategy
Harvard Management Company employs a diversified, long-term investment strategy focusing on maximizing risk-adjusted returns to support Harvard University's financial needs. The portfolio is allocated across public equities, private equity, hedge funds, real assets (including real estate and natural resources), and fixed income. HMC has historically emphasized being an early institutional investor in less crowded sectors, such as venture capital and timberland, and adapts its approach by growing private equity allocations while reducing illiquid holdings. The firm integrates ESG (Environmental, Social, Governance) factors into its investment process, aiming for sustainable returns and long-term growth. Periodically, HMC reviews its asset mix to optimize performance while maintaining sufficient liquidity and risk management discipline.
Top Holdings
Equity Positions (13)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MSFT | MICROSOFT CORP | 21.59% | $310.0M | 623,300 | $419.13 | $497.41 | +$152.4M |
A AMZN | AMAZON COM INC | 16.36% | $235.0M | 1,071,100 | $219.39 | $219.39 | +$235.0M |
B BKNG | BOOKING HOLDINGS INC | 12.70% | $182.4M | 31,499 | $4399.02 | $5789.24 | +$9.1M |
M META | META PLATFORMS INC | 8.39% | $120.5M | 163,260 | $398.13 | $738.09 | -$166.7M |
I IBIT | ISHARES BITCOIN TRUST ETF | 8.12% | $116.7M | 1,906,000 | $61.21 | $61.21 | +$116.7M |