Gray Foundation

Portfolio Overview

The Gray Foundation’s 13F filing for the period ending September 30, 2025, reveals a highly concentrated, non-diversified portfolio characterized by a significant reduction in assets and a pivot away from broad market exposure. The total portfolio value decreased by 26.9%, dropping from $353.13 million to $258.14 million. This decline in value is driven not only by potential market fluctuations but also by substantial capital reallocation, evidenced by the exit from four ...