TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA

Portfolio Overview

TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA disclosed 5 positions worth $104.2M in its Form 13F-HR for Q2 2026, led by $KRMN (Karman Holdings Inc.) at 79.1% of the equity portfolio, followed by $USAR and $CBRS. During the quarter the fund opened 2 new positions and exited 1 — including a new stake in $CBRS and a full exit from $DNUT. The portfolio is most concentrated in Industrials (79.1% of disclosed assets). All figures are sourced directly from TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA’s Form 13F-HR filing with the SEC under CIK 351083.

• 

  Karman Holdings Inc.

  $KRMN

  57.0#1,103

  Quality

  $82.5M1,652,568 sh
• 

  USA Rare Earth, Inc.

  $USAR

  15.9#2,778

  Quality

  $10.6M493,094 sh
• 

  Cerebras Systems Inc.

  $CBRS

  —

  Quality

  $7.1M32,135 sh
• 

  Intuitive Machines, Inc.

  $LUNR

  40.6

  Quality

  $3.9M179,994 sh
• 

  Amprius Technologies, Inc.

  $AMPX

  34.4

  Quality

  $151.5K10,929 sh

Company	Quality	Value	Shares
Karman Holdings Inc.$KRMN	57.0#1,103	$82.5M	1,652,568
USA Rare Earth, Inc.$USAR	15.9#2,778	$10.6M	493,094
Cerebras Systems Inc.$CBRS	—	$7.1M	32,135
Intuitive Machines, Inc.$LUNR	40.6	$3.9M	179,994
Amprius Technologies, Inc.$AMPX	34.4	$151.5K	10,929

Showing top 5 of 5 holdings.

Full Holdings — TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA (Q2 2026)

All 5 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$KRMN	Karman Holdings Inc.	$82.5M	79.1%	-15%	57
2	$USAR	USA Rare Earth, Inc.	$10.6M	10.2%	-90%	15.9
3	$CBRS	Cerebras Systems Inc.	$7.1M	6.8%	NEW	—
4	$LUNR	Intuitive Machines, Inc.	$3.9M	3.7%	-94%	40.6
5	$AMPX	Amprius Technologies, Inc.	$151,476	0.1%	NEW	34.4