Yale Endowment Fund just reported its second quarter portfolio. The fund sold most of its ETF holdings and bought financial companies like Berkshire Hathaway, Franklin Resources, Higher One. As of 06/30/2011, Yale University owns 6 stocks with a total value of $17 million. These are the details of the buys and sells.
Yale endowment manager David Swensen is good at picking good investors. He manages a part of the endowment portfolio, too. Swensen’s management style has been widely imitated among endowment funds.
This is the portfolio chart of David Swensen. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.
This is the sector weightings of his portfolio:
These are the top 5 holdings of David Swensen
Added: Approach Resources Inc. (AREX, Financial)
David Swensen added to his holdings in Approach Resources Inc. by 23.92%. His purchase prices were between $19.62 and $32.2, with an estimated average price of $25.43. The impact to his portfolio due to this purchase was 2.53%. His holdings were 95,567 shares as of 06/30/2011.
New Purchase: Berkshire Hathaway Inc. Cl A (BRK.A, Financial)
David Swensen initiated holdings in Berkshire Hathaway Inc. Cl A. His purchase prices were between $110700 and $125360, with an estimated average price of $118427. The impact to his portfolio due to this purchase was 37.93%. His holdings were 54 shares as of 06/30/2011.
New Purchase: Franklin Resources Inc. (BEN, Financial)
David Swensen initiated holdings in Franklin Resources Inc.. His purchase prices were between $121.38 and $129.58, with an estimated average price of $125.22. The impact to his portfolio due to this purchase was 15.89%. His holdings were 20,000 shares as of 06/30/2011.
New Purchase: Higher One Holdings (ONE, Financial)
David Swensen initiated holdings in Higher One Holdings. His purchase prices were between $13.71 and $18.48, with an estimated average price of $15.68. The impact to his portfolio due to this purchase was 11.11%. His holdings were 97,053 shares as of 06/30/2011.
Reduced: Spdr S&p 500 Etf (SPY, Financial)
David Swensen reduced to his holdings in Spdr S&p 500 Etf by 92.42%. His sale prices were between $126.81 and $136.43, with an estimated average price of $131.92. The impact to his portfolio due to this sale was -28.87%. David Swensen still held 21,000 shares as of 06/30/2011.
Sold Out: Ishares Msci Emerging Market Income Etf (EEM, Financial)
David Swensen sold out his holdings in Ishares Msci Emerging Market Income Etf. His sale prices were between $45.5 and $50.2, with an estimated average price of $47.86.
Sold Out: Ishares S&p 100 Index Fund (OEF, Financial)
David Swensen sold out his holdings in Ishares S&p 100 Index Fund. His sale prices were between $56.44 and $60.95, with an estimated average price of $58.86.
Sold Out: Ishares Trust Msci Eafe Index Fund (EFA, Financial)
David Swensen sold out his holdings in Ishares Trust Msci Eafe Index Fund. His sale prices were between $57.1 and $63.76, with an estimated average price of $60.57.
Yale endowment manager David Swensen is good at picking good investors. He manages a part of the endowment portfolio, too. Swensen’s management style has been widely imitated among endowment funds.
This is the portfolio chart of David Swensen. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.
- New Purchases: BRK.A, BEN, ONE,
- Added Positions: AREX,
- Reduced Positions: SPY,
- Sold Out: EEM, OEF, EFA,
This is the sector weightings of his portfolio:
These are the top 5 holdings of David Swensen
- Berkshire Hathaway Inc. Cl A (BRK.A) - 54 shares, 37.9287% of the total portfolio. Shares added by 10000%
- SPDR S&P 500 ETF (SPY) - 21,000 shares, 16.7624% of the total portfolio. Shares reduced by 92.42%
- Franklin Resources Inc. (BEN) - 20,000 shares, 15.8853% of the total portfolio. Shares added by 10000%
- Approach Resources Inc. (AREX) - 95,567 shares, 13.1087% of the total portfolio. Shares added by 23.92%
- Higher One Holdings (ONE) - 97,053 shares, 11.1064% of the total portfolio. Shares added by 10000%
Added: Approach Resources Inc. (AREX, Financial)
David Swensen added to his holdings in Approach Resources Inc. by 23.92%. His purchase prices were between $19.62 and $32.2, with an estimated average price of $25.43. The impact to his portfolio due to this purchase was 2.53%. His holdings were 95,567 shares as of 06/30/2011.
New Purchase: Berkshire Hathaway Inc. Cl A (BRK.A, Financial)
David Swensen initiated holdings in Berkshire Hathaway Inc. Cl A. His purchase prices were between $110700 and $125360, with an estimated average price of $118427. The impact to his portfolio due to this purchase was 37.93%. His holdings were 54 shares as of 06/30/2011.
New Purchase: Franklin Resources Inc. (BEN, Financial)
David Swensen initiated holdings in Franklin Resources Inc.. His purchase prices were between $121.38 and $129.58, with an estimated average price of $125.22. The impact to his portfolio due to this purchase was 15.89%. His holdings were 20,000 shares as of 06/30/2011.
New Purchase: Higher One Holdings (ONE, Financial)
David Swensen initiated holdings in Higher One Holdings. His purchase prices were between $13.71 and $18.48, with an estimated average price of $15.68. The impact to his portfolio due to this purchase was 11.11%. His holdings were 97,053 shares as of 06/30/2011.
Reduced: Spdr S&p 500 Etf (SPY, Financial)
David Swensen reduced to his holdings in Spdr S&p 500 Etf by 92.42%. His sale prices were between $126.81 and $136.43, with an estimated average price of $131.92. The impact to his portfolio due to this sale was -28.87%. David Swensen still held 21,000 shares as of 06/30/2011.
Sold Out: Ishares Msci Emerging Market Income Etf (EEM, Financial)
David Swensen sold out his holdings in Ishares Msci Emerging Market Income Etf. His sale prices were between $45.5 and $50.2, with an estimated average price of $47.86.
Sold Out: Ishares S&p 100 Index Fund (OEF, Financial)
David Swensen sold out his holdings in Ishares S&p 100 Index Fund. His sale prices were between $56.44 and $60.95, with an estimated average price of $58.86.
Sold Out: Ishares Trust Msci Eafe Index Fund (EFA, Financial)
David Swensen sold out his holdings in Ishares Trust Msci Eafe Index Fund. His sale prices were between $57.1 and $63.76, with an estimated average price of $60.57.
