Yale University
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Date updated:11-20-2009

The Yale University endowment, which totals over $22 billion, has been managed by David Swensen since 1985. Realizing an annual return of more than 17.2 percent on his investments over the last ten years. Swensen has added more than $16 billion to Yale's coffers, and his consistent track record has attracted the notice of Wall Street portfolio managers.

Prior to becoming the manager at Yale, Swensen was a 6 year veteran of Wall Street at Lehman Brothers and at Solomon Brothers, focusing on complicated swap transactions and development of new technologies related to finance. When he joined the Yale Endowment as Portfolio Manager at the age of 31, he was an unconventional choice, as he was relatively young for someone entrusted with so much money and had no experience as a portfolio manager. Before his tenure, the Endowment had most of its funds invested in stocks, bonds and cash. Swensen decided that this was not diversified enough, and that they were missing out on reliable returns in other asset classes. As a result he diversified the fund’s investments into foreign stocks, real assets, private equity and more absolute return type strategies.

This portfolio only includes public equities and not necessarily all holdings of Yale University's endowment.

As of 9/30/2009 funds were valued at $5.2 million.

During the quarter some of the following notable actions were taken:

Positions closed out (4 positions): DEI, TIVO, ARST, AKR, INFN
New positions (2 positions): RAX, JPM
Decreased positions (1 position): EFA
Increased positions (0 positions): none

Here are the top 30 holdings as of September 30, 2009.

symbol name last price % change open
  • +
  • OEF
    Ishare Sp 100 Ind
  • $51.63
  • +0.29%
  • $52.19

48.71% of portfolio. Position was unchanged.

People owning OEF also tend to own: CELGEFAJPMRAXWWWXTXIEEM

TheStreet.com Rating: No Rating What is this?

  • +
  • EFA
    Ishares Msci Eafe
  • $56.67
  • -0.35%
  • $57.36

21.00% of portfolio. Position was reduced by -73%.

People owning EFA also tend to own: AAPLBACBBYBGTCSCOCTSHDEO

TheStreet.com Rating: No Rating What is this?

  • +
  • WWW
    Wolverine Worldwi
  • $26.94
  • +1.74%
  • $26.88

9.83% of portfolio. Position was unchanged.

People owning WWW also tend to own: BENCSCOIWOVLZMATNVSNWS

TheStreet.com Rating: B What is this?

  • +
  • RAX
    Rackspace Hosting
  • $20.81
  • +6.55%
  • $20.00

6.76% of portfolio. Position was new.

People owning RAX also tend to own: CELGEFAJPMOEFWWWXTXIBRCD

TheStreet.com Rating: No Rating What is this?

  • +
  • CELG
    Celgene Corporati
  • $55.97
  • -0.99%
  • $57.17

6.76% of portfolio. Position was unchanged.

People owning CELG also tend to own: GTIACIRADSTXNVARASHBNI

TheStreet.com Rating: B- What is this?

  • +
  • JPM
    Jp Morgan Chase C
  • $41.74
  • +0.82%
  • $42.25

4.20% of portfolio. Position was new.

People owning JPM also tend to own: AAAIGIBMINTCJNJKOMSFT

TheStreet.com Rating: B- What is this?

  • +
  • XTXI
    Crosstex Energy
  • $4.18
  • -1.88%
  • $4.30

2.74% of portfolio. Position was unchanged.

People owning XTXI also tend to own: CMCSKFMDMCOQMARUNHWTMAE

TheStreet.com Rating: D What is this?

Portfolio not tracked!

10/09/2007 10:09 AM CDT Asked by Paintball Guns
I like your portfolio. Looks like a good list. Any thoughts on how long you plan to hold WYE?

Paintball Guns

08/26/2007 02:05 AM CDT Asked by SPARKY 114
Sewensen = 20% growth a year is great.
Here are some of my stocks.
CHK / CROX / CSCO / EMC / HAL / MON / MSFT / ORCL / RS / T / TEVA / TRN / TXN / VOD / WFC.
SPARKY114
wgensler114@yahoo.com

07/25/2007 14:26 PM CDT Asked by Gad Pinkas
Swensen

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