# National Philanthropic Trust

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1785342. Source: https://holderbook.com/funds/1785342-national-philanthropic-trust/

- Reported value: $6.9B
- Positions: 409
- Weight of the ten largest: 62.0%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.1B | 1,524,853 | 16.5% | 10 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $1.1B | 9,138,579 | 15.6% | 10 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $384.7M | 560,071 | 5.6% | 10 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $374.7M | 1,048,556 | 5.4% | 10 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $291.0M | 823,597 | 4.2% | 10 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $255.3M | 1,275,873 | 3.7% | 10 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $228.1M | 1,938,866 | 3.3% | 10 |
| CARVANA CO | [CVNA](https://holderbook.com/stocks/CVNA/) | $181.4M | 2,755,452 | 2.6% | 10 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $180.3M | 1,821,278 | 2.6% | 10 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $168.1M | 1,740,104 | 2.4% | 10 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $130.4M | 174,645 | 1.9% | 10 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $127.8M | 267,676 | 1.8% | 10 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $120.5M | 1,546,257 | 1.7% | 10 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $112.8M | 1,400,393 | 1.6% | 10 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $100.3M | 333,772 | 1.5% | 10 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $83.2M | 1,004,623 | 1.2% | 10 |
| ISHARES INC | [URTH](https://holderbook.com/stocks/URTH/) | $81.7M | 403,374 | 1.2% | 10 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $67.6M | 472,076 | 1.0% | 10 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $61.5M | 769,151 | 0.9% | 10 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $56.1M | 742,991 | 0.8% | 10 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $53.2M | 39,940 | 0.8% | 10 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $52.7M | 142,520 | 0.8% | 10 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $52.3M | 611,628 | 0.8% | 10 |
| TCW ETF TRUST | [VOTE](https://holderbook.com/stocks/VOTE/) | $42.0M | 476,634 | 0.6% | 10 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $41.9M | 175,961 | 0.6% | 10 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $41.2M | 99,208 | 0.6% | 10 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $40.1M | 437,327 | 0.6% | 10 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $39.1M | 114,582 | 0.6% | 10 |
| ROBLOX CORP | [RBLX](https://holderbook.com/stocks/RBLX/) | $36.3M | 667,666 | 0.5% | 10 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $35.3M | 340,191 | 0.5% | 10 |
| ISHARES TR | [ICF](https://holderbook.com/stocks/ICF/) | $30.2M | 447,284 | 0.4% | 10 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $30.2M | 2,262,556 | 0.4% | 4 |
| BLUE OWL CAPITAL INC | [OWL](https://holderbook.com/stocks/OWL/) | $30.2M | 3,452,000 | 0.4% | 10 |
| J P MORGAN EXCHANGE TRADED F | [JIRE](https://holderbook.com/stocks/JIRE/) | $29.0M | 352,131 | 0.4% | 10 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $28.4M | 50,330 | 0.4% | 10 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $26.8M | 92,556 | 0.4% | 10 |
| HARTFORD FDS EXCHANGE TRADED | [HTRB](https://holderbook.com/stocks/HTRB/) | $24.4M | 722,126 | 0.4% | 2 |
| MEDLINE INC | [MDLN](https://holderbook.com/stocks/MDLN/) | $22.5M | 570,606 | 0.3% | 2 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $21.9M | 45,429 | 0.3% | 7 |
| ISHARES TR | [DSI](https://holderbook.com/stocks/DSI/) | $21.1M | 148,426 | 0.3% | 10 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $20.8M | 292,015 | 0.3% | 10 |
| GREEN BRICK PARTNERS INC | [GRBK](https://holderbook.com/stocks/GRBK/) | $18.5M | 231,556 | 0.3% | 10 |
| TALEN ENERGY CORP | [TLN](https://holderbook.com/stocks/TLN/) | $17.9M | 46,688 | 0.3% | 7 |
| ETON PHARMACEUTICALS INC | [ETON](https://holderbook.com/stocks/ETON/) | $17.8M | 492,112 | 0.3% | 10 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $17.3M | 235,653 | 0.3% | 10 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $17.0M | 23,109 | 0.2% | 10 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $16.8M | 44,976 | 0.2% | 10 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $15.6M | 73,187 | 0.2% | 10 |
| RYANAIR HOLDINGS PLC | [RYAAY](https://holderbook.com/stocks/RYAAY/) | $14.3M | 221,025 | 0.2% | 10 |
| COUPANG INC | [CPNG](https://holderbook.com/stocks/CPNG/) | $14.3M | 822,079 | 0.2% | 10 |
| DAVITA INC | [DVA](https://holderbook.com/stocks/DVA/) | $14.0M | 62,931 | 0.2% | 10 |
| CAL MAINE FOODS INC | [CALM](https://holderbook.com/stocks/CALM/) | $13.5M | 168,000 | 0.2% | 3 |
| J P MORGAN EXCHANGE TRADED F | [JPRE](https://holderbook.com/stocks/JPRE/) | $13.3M | 255,407 | 0.2% | 10 |
| TPG INC | [TPG](https://holderbook.com/stocks/TPG/) | $12.5M | 309,126 | 0.2% | 10 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $12.3M | 66,728 | 0.2% | 7 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $11.4M | 44,790 | 0.2% | 10 |
| GLOBAL X FDS | [PAVE](https://holderbook.com/stocks/PAVE/) | $11.4M | 192,783 | 0.2% | 10 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $11.3M | 83,643 | 0.2% | 10 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $11.2M | 112,059 | 0.2% | 7 |
| SSGA ACTIVE TR | [ALLW](https://holderbook.com/stocks/ALLW/) | $10.7M | 364,309 | 0.2% | 2 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $10.5M | 136,413 | 0.2% | 10 |
| ADMA BIOLOGICS INC | [ADMA](https://holderbook.com/stocks/ADMA/) | $10.0M | 1,195,496 | 0.1% | 1 |
| KARMAN HLDGS INC | [KRMN](https://holderbook.com/stocks/KRMN/) | $10.0M | 200,000 | 0.1% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $9.9M | 30,367 | 0.1% | 10 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $9.3M | 219,350 | 0.1% | 10 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $8.3M | 50,548 | 0.1% | 10 |
| CUSTOMERS BANCORP INC | [CUBI](https://holderbook.com/stocks/CUBI/) | $8.2M | 103,200 | 0.1% | 10 |
| ISHARES TR | [CRBN](https://holderbook.com/stocks/CRBN/) | $8.1M | 32,130 | 0.1% | 10 |
| ALIGN TECHNOLOGY INC | [ALGN](https://holderbook.com/stocks/ALGN/) | $8.0M | 47,531 | 0.1% | 10 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $8.0M | 30,721 | 0.1% | 10 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $7.7M | 21,014 | 0.1% | 10 |
| INCYTE CORP | [INCY](https://holderbook.com/stocks/INCY/) | $7.7M | 67,655 | 0.1% | 10 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $7.6M | 7,553 | 0.1% | 7 |
| ARLO TECHNOLOGIES INC | [ARLO](https://holderbook.com/stocks/ARLO/) | $7.6M | 563,293 | 0.1% | 3 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $7.2M | 82,747 | 0.1% | 10 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $6.9M | 16,524 | 0.1% | 10 |
| APPIAN CORP | [APPN](https://holderbook.com/stocks/APPN/) | $6.9M | 299,532 | 0.1% | 10 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $6.6M | 26,110 | 0.1% | 10 |
| GLOBAL X FDS | [AIQ](https://holderbook.com/stocks/AIQ/) | $6.5M | 99,175 | 0.1% | 9 |
| HORIZON QUANTUM HOLDINGS LTD | [HQ](https://holderbook.com/stocks/HQ/) | $6.4M | 231,520 | 0.1% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $6.4M | 38,666 | 0.1% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $6.3M | 16,584 | 0.1% | 10 |
| NEW MTN FIN CORP | [NMFC](https://holderbook.com/stocks/NMFC/) | $6.1M | 852,921 | 0.1% | 10 |
| GREEN DOT CORP | [GDOT](https://holderbook.com/stocks/GDOT/) | $6.1M | 450,000 | 0.1% | 1 |
| SIXTH STREET SPECIALTY LENDI | [TSLX](https://holderbook.com/stocks/TSLX/) | $6.0M | 351,000 | 0.1% | 4 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $5.8M | 63,328 | 0.1% | 10 |
| TEXAS ROADHOUSE INC | [TXRH](https://holderbook.com/stocks/TXRH/) | $5.8M | 30,000 | 0.1% | 10 |
| LINEAGE INC | [LINE](https://holderbook.com/stocks/LINE/) | $5.8M | 133,628 | 0.1% | 5 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $5.7M | 12,481 | 0.1% | 10 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $5.6M | 32,396 | 0.1% | 7 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $5.6M | 25,309 | 0.1% | 5 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $5.6M | 11,092 | 0.1% | 10 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $5.5M | 66,890 | 0.1% | 10 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $5.4M | 39,332 | 0.1% | 10 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $5.4M | 36,212 | 0.1% | 10 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $5.4M | 101,780 | 0.1% | 8 |
| ENPHASE ENERGY INC | [ENPH](https://holderbook.com/stocks/ENPH/) | $5.3M | 108,000 | 0.1% | 10 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $5.3M | 15,827 | 0.1% | 4 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $5.3M | 13,588 | 0.1% | 10 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $5.2M | 25,740 | 0.1% | 10 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.0% | +14.8% | -0.8% | 100% |
| Q1 2026 | -9.9% | -4.6% | -5.2% | 100% |
| Q4 2025 | +4.5% | +2.4% | +2.2% | 100% |
| Q3 2025 | +10.7% | +7.8% | +2.8% | 100% |
| Q2 2025 | +19.9% | +10.5% | +9.4% | 100% |
| Q1 2025 | -12.2% | -4.6% | -7.7% | 100% |
| Q4 2024 | +10.8% | +2.1% | +8.6% | 100% |
| Q3 2024 | +4.3% | +5.4% | -1.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $6.9B | 409 |
| Q1 2026 | $9.4B | 365 |
| Q4 2025 | $10.1B | 386 |
| Q3 2025 | $8.9B | 326 |
| Q2 2025 | $7.5B | 283 |
| Q1 2025 | $6.2B | 265 |
| Q4 2024 | $6.9B | 269 |
| Q3 2024 | $5.5B | 253 |
| Q2 2024 | $5.2B | 258 |
| Q1 2024 | $4.6B | 269 |