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Dow Chemical Co. /de/

CIK:0000029915
Venture Capital
$100M AUM
4 holdings
Midland, MI, United States
Founded:1897
36,000 employees
Latest filing:Jun 30, 2025

The Dow Chemical Company—headquartered in Midland, Michigan—is a leading American multinational chemical manufacturer and a subsidiary of Dow Inc. Founded in 1897, Dow operates in over 160 countries and employs approximately 36,000 people globally. Its investment arm, Dow Venture Capital, focuses on deploying capital to support Dow’s strategic growth in materials science and specialty chemicals, serving both internal innovation needs and external startup partnerships.

Investment Strategy

Dow Venture Capital pursues strategic investments in startups and businesses that align with and accelerate Dow's core materials science businesses. The approach leverages Dow’s broad research expertise, global resources, and market knowledge, focusing on sectors such as alternative energy, agricultural/life sciences, advanced materials, and technologies that enable sustainable solutions and value creation. The firm emphasizes partnerships where it can provide both financial investment and operational/technical support, aiming for long-term value and accelerating commercialization for portfolio companies.

Latest 13F Filing Activity

Dow Chemical Co. /de/ filed their most recent 13F report on Jun 30, 2025 disclosing 4 equity positions with a total 13F market value of $238M. The fund increased holdings in C3 Ai Inc., Ishares TR, Vanguard Scottsdale FDS among other positions. Dow Chemical Co. /de/ reduced exposure to SPDR S&P 500 Etf TR, Vanguard Scottsdale FDS, Ishares TR among others.

Top Buys
S
SPYSPDR S&P 500 ETF TR
-$448.5M
A
AIC3 AI INC
+$781.8K
A
AGGISHARES TR
+$4.5K
V
VCLTVANGUARD SCOTTSDALE FDS
-$2.6K
Top Sells
S
SPYSPDR S&P 500 ETF TR
-$448.5M
A
AIC3 AI INC
+$781.8K
A
AGGISHARES TR
+$4.5K
V
VCLTVANGUARD SCOTTSDALE FDS
-$2.6K

Top Holdings

S
SPYSPDR S&P 500 ETF TR
+88.6%$210.5M
V
VCLTVANGUARD SCOTTSDALE FDS
+8.4%$20.1M
A
AIC3 AI INC
+2.3%$5.5M
A
AGGISHARES TR
+0.7%$1.6M

Equity Positions (4)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
SPDR S&P 500 ETF TR88.60%$210.5M340,662$540.97$617.85-$448.5M
VANGUARD SCOTTSDALE FDS8.44%$20.1M264,221$74.85$75.90-$2.6K
C3 AI INC2.30%$5.5M222,098$65.91$24.57+$781.8K
ISHARES TR0.66%$1.6M15,912$113.89$99.20+$4.5K

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+1.5%