Institutional Manager · CIK 0002011602
Gray Foundation
Cohoes, NY · File #028-23797
Latest AUM
$398.5M
Positions
11
Top-10 Concentration
99.2%
Filings
8
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | BOEING CO | BA-PA | +26,400 | +$5.7M | $0 |
| NEW | NEUROCRINE BIOSCIENCES INC | NBIX | +37,800 | +$5.4M | $0 |
| NEW | ASTRAZENECA PLC | AZN | +36,537 | +$3.4M | $0 |
| REDUCE | ALPHABET INC | GOOG | 0 | $0 | +$7.9M |
| REDUCE | HILTON GRAND VACATIONS INC | HGV | 0 | $0 | +$624,809 |
| REDUCE | ISHARES TR | 464287523 | 0 | $0 | +$1.0M |
| REDUCE | ISHARES TR | 464287549 | 0 | $0 | +$1.8M |
| REDUCE | ISHARES TR | 46429B598 | 0 | $0 | +$847,238 |
| REDUCE | EXCHANGE TRADED CONCEPTS TR | 301505707 | 0 | $0 | +$768,750 |
| REDUCE | INVITATION HOMES INC | INVH | 0 | $0 | -$524,730 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202511 pos · $398.5M
- 13F HOLDINGS REPORTQ/E Sep 20258 pos · $351.3M
- 13F HOLDINGS REPORTQ/E Jun 20259 pos · $353.1M
- 13F HOLDINGS REPORTQ/E Mar 202511 pos · $320.7M
- 13F HOLDINGS REPORTQ/E Dec 202414 pos · $350.7M
- 13F HOLDINGS REPORTQ/E Sep 202412 pos · $337.1M
- 13F HOLDINGS REPORTQ/E Jun 202412 pos · $327.0M
- 13F HOLDINGS REPORTQ/E Mar 202411 pos · $320.1M
Top 11 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | HILTON WORLDWIDE HLDGS INC | HLT | 731,666 | $210.2M | 52.74% |
| 2 | ISHARES TR | 464287549 | 559,116 | $72.2M | 18.12% |
| 3 | ALPHABET INC | GOOG | 112,000 | $35.1M | 8.82% |
| 4 | ISHARES TR | 46429B598 | 425,748 | $23.0M | 5.77% |
| 5 | EXCHANGE TRADED CONCEPTS TR | 301505707 | 205,000 | $14.2M | 3.57% |
| 6 | ISHARES TR | 464287523 | 34,371 | $10.4M | 2.60% |
| 7 | HILTON GRAND VACATIONS INC | HGV | 212,520 | $9.5M | 2.39% |
| 8 | INVITATION HOMES INC | INVH | 340,734 | $9.5M | 2.38% |
| 9 | BOEING CO | BA-PA | 26,400 | $5.7M | 1.44% |
| 10 | NEUROCRINE BIOSCIENCES INC | NBIX | 37,800 | $5.4M | 1.35% |
| 11 | ASTRAZENECA PLC | AZN | 36,537 | $3.4M | 0.84% |