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$51 Billion Harvard Fund Dumps Tech Stocks, Loads Up on Gold and Crypto

$51 Billion Harvard Fund Dumps Tech Stocks, Loads Up on Gold and Crypto

Harvard Management Company made significant portfolio shifts in Q2 2025, most notably adding Bitcoin and gold exposure for the first time. The $51 billion endowment invested $117 million in the iShares Bitcoin Trust ETF and $101.5 million in the SPDR Gold Shares ETF, signaling a move toward alternative assets and inflation hedges.

The endowment dramatically reduced its technology sector exposure, cutting Meta holdings by 67%, Broadcom by 40%, and completely exiting Uber and cybersecurity firm Rubrik. However, Harvard showed selective confidence in certain tech giants, increasing Microsoft holdings by 48% and Nvidia by 30%. The fund also returned to Amazon with a substantial $235 million investment.

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