TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA

Est. AUM

$296.8M

13F long equity, this entity only

Positions

Period

Mar 2026 (Q1)

SEC EDGAR

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	Karman Holdings Inc	COM	$156.3M	1952568	52.65%	SOLE
2	USA Rare Earth Inc	COM	$73.5M	4854970	24.75%	SOLE
3	Intuitive Machines Inc	COM	$60.3M	3246424	20.30%	SOLE
4	Krispy Kreme Inc	COM	$6.8M	2009111	2.29%	SOLE

Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.