Michelson Medical Research Foundation, Inc. Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$99.8B

Holdings

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (20 positions)

#	Stock	Shares	Value	% Portfolio
1	MTNVAIL RESORTS INC	86,000	$11.4B	11.45%
2	IVEISHARES TR	51,905	$11.0B	11.03%
3	UNHUNITEDHEALTH GROUP INC	30,000	$9.9B	9.93%
4	VEAVANGUARD TAX-MANAGED FDS	158,160	$9.9B	9.90%
5	DBRGDIGITALBRIDGE GROUP INC	609,500	$9.3B	9.37%
6	VWOVANGUARD INTL EQUITY INDEX F	127,630	$6.9B	6.88%
7	IBBISHARES TR	35,095	$5.9B	5.94%
8	IWCISHARES TR	35,385	$5.6B	5.59%
9	LVLNSPDR SERIES TRUST	63,510	$4.1B	4.13%
10	SAFESAFEHOLD INC	297,477	$4.1B	4.08%
11	MANUMANCHESTER UTD PLC NEW	200,000	$3.2B	3.19%
12	EWWISHARES INC	41,850	$2.9B	2.91%
13	VBVANGUARD INDEX FDS	11,010	$2.8B	2.85%
14	EWZISHARES INC	81,300	$2.6B	2.59%
15	EWYISHARES INC	20,155	$2.0B	1.96%
16	RGRSTURM RUGER & CO INC	57,500	$1.9B	1.88%
17	EWTISHARES INC	27,435	$1.7B	1.75%
18	EWJISHARES INC	20,100	$1.6B	1.63%
19	GXCSPDR INDEX SHS FDS	16,750	$1.6B	1.62%
20	CRGYCRESCENT ENERGY COMPANY	156,166	$1.3B	1.31%