Harvard Just Disclosed a $2.2 Billion Stake in This Tech Stock
SpaceX is now the largest single stock holding in the university endowment fund.
Overview
Harvard University's endowment, known as Harvard Management, just disclosed a $2.2 billion investment in Space Exploration Technologies (NASDAQ: SPCX) , commonly known as SpaceX.
Harvard's endowment, officially named Harvard Management, is the largest in the world with an estimated value of about $57 billion.
Details
SpaceX is far and away the largest single stock holding for the fund. Other large holdings include Taiwan Semiconductor Manufacturing, Amazon, Microsoft, and Cerebras Systems. The fund's equity holdings come to about $4.3 billion and include many large technology companies. Interestingly, the fund also holds about $101 million in Bitcoin, via the iShares Bitcoin Trust ETF.
Source
Originally published at www.fool.com.