Pennsylvania State University Portfolio Concentration: Analysis of Holdings as of September 30, 2026
Pennsylvania State University's portfolio, as of September 30, 2026, is highly concentrated with three holdings: IAU (gold), BBJP (JPMorgan FD fund), and VNQ (real estate).
As of September 30, 2026, the portfolio held by Pennsylvania State University, a prominent educational institution, shows a notable concentration in specific asset classes. The analysis focuses on the largest positions and the overall sector allocation, highlighting the limited diversification across different investments.
The university's portfolio consists of three distinct holdings, each representing a significant portion of the total assets. These holdings are:
- IAU, known as the iShares Gold ETF, accounting for 48.85% of the portfolio.
- BBJP, the JPMorgan Exchange Traded FD TR fund, making up 30.06%.
- VNQ, the Vanguard Real Estate ETF, representing 21.09%.
This concentration is evident not only in the number of holdings but also in the sector breakdown. According to the portfolio data, the entire investment base is categorized under "Unknown" sector, with a total value of $251,667,553. This allocation suggests that the portfolio's diversification is limited to these three specific ETFs, regardless of their underlying sectors.
The largest position, IAU, the gold ETF, holds 1,574,099 shares with a value of $122,937,132. This substantial allocation to gold underscores a significant part of the university's investment strategy in this asset class.
The second holding, BBJP, the JPMorgan fixed income fund, holds 963,675 shares valued at $75,648,488. This indicates a considerable allocation to fixed income securities within the portfolio.
The third holding, VNQ, the Vanguard real estate ETF, holds 592,234 shares with a value of $53,081,933. This allocation contributes to the university's exposure to the real estate sector.
Furthermore, the portfolio's holdings remained unchanged from the previous period, with zero change in shares for all three positions. This stability suggests that the university maintained its investment stance without any significant additions or removals during the reporting period.