Hedge funds and mutual funds aren't the only organizations that manage money. University endowment funds also direct large amounts of investments.

In recent weeks, Stockpickr reviewed the portfolios of Harvard, Yale and the University of California. This week, we look at the University of Texas and Texas A&M systems, whose investments are overseen by University of Texas Investment Management, or UTIMC.

Stockpickr has reviewed the management company's stockholdings and compiled a portfolio of stocks of the University of Texas and Texas A&M.

One UTIMC stock that made the marks is Texas Instruments (TXN), the Dallas-based high-technology company. In early December, the company cut its sales and earnings forecasts, and later in the month the stock was downgraded by Jeffries from hold to underperform. It has a price-to-earnings ratio of 8, better than the semiconductor industry average of 9. It also has a very favorable P/E-to-growth ratio of 0.7, far better than the PEG ratios some of its competitors, such as Qualcomm (QCOM) at 1.3 and STMicroelectronics (STM) at 2.4. Texas Instruments also pays a yield of 2.6%.

Texas Instruments is also owned by the Vanguard PrimeCap Core Fund, which is rated five stars by Morningstar and is managed by Joel P. Fried. The fund has rank in the top 5% of all funds in its category of large-growth funds for the last six months, the last year and the last three years. Vanguard also owns Eli Lilly (LLY), with a P/E of 18 and a PEG of 1.6; Novartis (NVS), with a P/E of 15 and a PEG of 1.8; and Amgen (AMGN), with a P/E of 16 and a PEG of 1.3.

Another UTIMC stock is Volcano Corporation (VOLC), which makes and markets products for the diagnosis and treatment of vascular and structural heart disease, such as intravascular ultrasound products and functional measurement products. The stock, which was up about 20% last year, just announced that it agreed to acquire Axsun Technologies, a privately held company that develops and manufactures lasers and optical engines. The stock has a forward P/E of 82 and a PEG of 48.4.

Volcano is one of the companies featured in the upcoming JPMorgan 27th Annual Healthcare Conference. Other companies featured at the conference include Coventry Health Care (CVH), with a P/E of 5 and a PEG of 0.5; Orthofix International (OFIX), with a forward P/E of 12; and VCA Antech (WOOF), the aptly-tickered animal health care company, which has a P/E of 13 and a PEG of 0.8.

For more ideas, check out the University of Texas Investment Management portfolio at Stockpickr.com.

Posted on Jan. 6, 2009