13F Insight
DOSSIER · 13F-HR · Q4 2025

Michelson Medical Research Foundation, Inc.

$100M in tracked AUM across 20 positions as of Q4 2025.

MM
CIK 0001965304 · last filed Dec 31, 2025
Total AUM
$100M
as of Q4 2025
Holdings
20
—
positions
Whale Score
53
53
tracked
Activity
—
no data
changes this Q
AI Analysis · Q4 2025

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.

Quarter at a glance — Q4 2025

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q4 2025.

#HoldingValueSharesWeight
01
MTN
VAIL RESORTS INC
$11M86K11.4%02
IVE
ISHARES TR
$11M52K11.0%03
UNH
UNITEDHEALTH GROUP INC
$10M30K9.9%04
VEA
VANGUARD TAX-MANAGED FDS
$10M158K9.9%05
DBRG
DIGITALBRIDGE GROUP INC
$9M610K9.4%06
VWO
VANGUARD INTL EQUITY INDEX F
$7M128K6.9%07
IBB
ISHARES TR
$6M35K5.9%08
IWC
ISHARES TR
$6M35K5.6%09
KRE
SPDR SERIES TRUST
$4M64K4.1%10
SAFE
SAFEHOLD INC
$4M297K4.1%

Filing history

2025Q4Dec 31
$100M▲ 77.9%
20 positionsView →2025Q3Sep 30
$56M▼ 46.2%
10 positionsView →2025Q2Jun 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 positionsLocked2023Q1Mar 31
$128M▼ 17.4%
21 positionsLocked
Showing 12 of 13