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Portfolio (Quarterly) Guide ↗

Gray Foundation

· CIK 0002011602
13F Portfolio $399M AUM 11 positions Filed Jan 29, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 3 New
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 HLT HILTON WORLDWIDE HLDGS INC Consumer Cyclical 731,666.0 $210.2M 52.74% $287.25 +12.4%
2 IGM ISHARES TR 559,116.0 $72.2M 18.12% $129.16 +20.6%
3 GOOG ALPHABET INC Communication Services 112,000.0 $35.1M 8.82% $313.80 +22.2%
4 INDA ISHARES TR 425,748.0 $23.0M 5.77% $54.05 -11.1%
5 ROBO EXCHANGE TRADED CONCEPTS TR 205,000.0 $14.2M 3.56% $69.31 +23.0%
6 SOXX ISHARES TR 34,371.0 $10.4M 2.60% $301.15 +74.4%
7 HGV HILTON GRAND VACATIONS INC Consumer Cyclical 212,520.0 $9.5M 2.39% $44.75 +9.4%
8 INVH INVITATION HOMES INC Real Estate 340,734.0 $9.5M 2.38% $27.79 +4.5%
9 BA BOEING CO Industrials 26,400.0 $5.7M 1.44% NEW $217.12 +1.1%
10 NBIX NEUROCRINE BIOSCIENCES INC Healthcare 37,800.0 $5.4M 1.34% NEW $141.83 +9.6%
11 ASTRAZENECA PLC 36,537.0 $3.4M 0.84% NEW $91.93

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Consumer Cyclical 79.8%
Communication Services 12.8%
Real Estate 3.4%
Industrials 2.1%
Healthcare 1.9%