13F Insight
DOSSIER · 13F-HR · Q2 2026

Michelson Medical Research Foundation, Inc.

$108M in tracked AUM across 21 positions as of Q2 2026.

MM
CIK 0001965304 · last filed Jun 30, 2026
Total AUM
$108M
as of Q2 2026
Holdings
21
—
positions
Whale Score
62
62
tracked
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

Portfolio Overview

The Michelson Medical Research Foundation, Inc. presents a highly concentrated and actively managed portfolio with a total valuation of $56.06 million as of September 30, 2025. The portfolio comprises only 10 holdings, indicating a strategy focused on high conviction rather than broad diversification. Notably, the portfolio experienced a significant reduction in value, decreasing by 46.2% from the previous quarter's $104.23 million. This drastic shrinkage is not attributa...

Key Holdings

The portfolio is dominated by two primary positions that together constitute over half of the total assets. The VanEck Gold Miners ETF (GDX) is the largest holding, valued at $17.90 million, representing a significant 31.93% allocation. This heavy weighting suggests a strong defensive posture or a bullish outlook on gold prices. The second largest position is Vail Resorts Inc. (MTN), a Consumer Cyclical stock valued at $12.86 million (22.95% of the portfolio). This indicates a contrary bet on the discretionary consumer sector, possibly anticipating a post-pandemic or seasonal recovery in travel and leisure.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
IVE
ISHARES TR
$12M52K10.9%02
VEA
VANGUARD TAX-MANAGED FDS
$11M158K10.4%03
BLDR
BUILDERS FIRSTSOURCE INC
$9M97K8.0%04
CME
CME GROUP INC
$9M39K8.0%05
VWO
VANGUARD INTL EQUITY INDEX F
$8M128K7.0%06
IWC
ISHARES TR
$7M35K6.5%07
CNNE
CANNAE HLDGS INC
$7M481K6.4%08
IBB
ISHARES TR
$7M35K6.2%09
KRE
SPDR SERIES TRUST
$5M64K4.4%10
SAFE
SAFEHOLD INC
$5M297K4.3%

Filing history

2026Q2Jun 30
$108M▲ 8.5%
21 positionsView →2025Q4Dec 31
$100M▲ 77.9%
20 positionsView →2025Q3Sep 30
$56M▼ 46.2%
10 positionsLocked2025Q2Jun 30
$104M▲ 126.5%
20 positionsLocked2025Q1Mar 31
$46M▼ 61.4%
13 positionsLocked2024Q4Dec 31
$119M▼ 15.9%
28 positionsLocked2024Q3Sep 30
$142M▲ 22.0%
28 positionsLocked2024Q2Jun 30
$116M▼ 29.5%
25 positionsLocked2024Q1Mar 31
$165M▲ 8.8%
28 positionsLocked2023Q4Dec 31
$152M▲ 2.4%
28 positionsLocked2023Q3Sep 30
$148M▲ 5.4%
27 positionsLocked2023Q2Jun 30
$141M▲ 10.2%
20 positionsLocked
Showing 12 of 14