HARVARD MANAGEMENT CO INC Diversified Active

CIK: 0001082621 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $2,079,274 (100.0% shares, 0.0% debt)

Holdings (19)

New Positions (4)

UNP UNION PAC CORP 6.8%

Value ($000) $141,390 Shares 611,233 Est. Cost $227.32 Unrealized 0.0%

ETHA ISHARES ETHEREUM TR 4.2%

Value ($000) $86,824 Shares 3,870,900 Est. Cost $22.43 Unrealized —

FIG FIGMA INC 0.1%

Value ($000) $1,885 Shares 50,454 Est. Cost $45.19 Unrealized 0.0%

PCTTW PURECYCLE TECHNOLOGIES INC 0.0%

Value ($000) $550 Shares 714,285 Est. Cost $0.77 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UNP	UNION PAC CORP	611,233	$141,390	6.8%	$227.32	0.0%	COM	907818108
ETHA	ISHARES ETHEREUM TR	3,870,900	$86,824	4.2%	$22.43	—	SHS	46438R105
FIG	FIGMA INC	50,454	$1,885	0.1%	$45.19	0.0%	CLASS A COM STK	316841105
PCTTW	PURECYCLE TECHNOLOGIES INC	714,285	$550	0.0%	$0.77	—	*W EXP 03/17/202	74623V111

Increased Positions (5)

GOOGL ALPHABET INC 12.2%

Value ($000) $252,873 (+61.0%) Shares 807,900 (+25.0%) Est. Cost $158.39 Unrealized +80.3%

AVGO BROADCOM INC 5.4%

Value ($000) $111,363 (+237.9%) Shares 321,766 (+222.1%) Est. Cost $294.86 Unrealized +21.1%

TSM TAIWAN SEMICONDUCTOR MFG LTD 4.5%

Value ($000) $93,232 (+57.6%) Shares 306,796 (+44.9%) Est. Cost $286.91 Unrealized —

BKNG BOOKING HOLDINGS INC 8.7%

Value ($000) $180,250 (+6.0%) Shares 33,658 (+6.9%) Est. Cost $4303.36 Unrealized +19.4%

META META PLATFORMS INC 5.8%

Value ($000) $119,981 (+0.1%) Shares 181,765 (+11.3%) Est. Cost $410.24 Unrealized +62.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	807,900 (+25.0%)	$252,873 (+61.0%)	12.2%	$158.39	+80.3%	CAP STK CL A	02079K305
AVGO	BROADCOM INC	321,766 (+222.1%)	$111,363 (+237.9%)	5.4%	$294.86	+21.1%	COM	11135F101
TSM	TAIWAN SEMICONDUCTOR MFG LTD	306,796 (+44.9%)	$93,232 (+57.6%)	4.5%	$286.91	—	SPONSORED ADS	874039100
BKNG	BOOKING HOLDINGS INC	33,658 (+6.9%)	$180,250 (+6.0%)	8.7%	$4303.36	+19.4%	COM	09857L108
META	META PLATFORMS INC	181,765 (+11.3%)	$119,981 (+0.1%)	5.8%	$410.24	+62.7%	CL A	30303M102

Exited Positions (3)

LNWO LIGHT & WONDER INC 4.5%

Value ($000) $94,450 Shares 1,125,210 Est. Cost $52.94 Unrealized +66.5%

PCT PURECYCLE TECHNOLOGIES INC 0.1%

Value ($000) $2,414 Shares 714,285 Est. Cost $8.78 Unrealized +21.0%

MAZE MAZE THERAPEUTICS INC 0.1%

Value ($000) $2,396 Shares 92,396 Est. Cost $12.04 Unrealized +185.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LNWO	LIGHT & WONDER INC	1,125,210	$94,450	4.5%	$52.94	+66.5%	—	80874P109
PCT	PURECYCLE TECHNOLOGIES INC	714,285	$2,414	0.1%	$8.78	+21.0%	—	74623V103
MAZE	MAZE THERAPEUTICS INC	92,396	$2,396	0.1%	$12.04	+185.5%	—	578784100

Decreased Positions (5)

IBIT ISHARES BITCOIN TRUST ETF 12.8%

Value ($000) $265,807 (-40.0%) Shares 5,353,612 (-21.4%) Est. Cost $63.94 Unrealized —

MSFT MICROSOFT CORP 11.4%

Value ($000) $236,818 (-26.6%) Shares 489,678 (-21.4%) Est. Cost $415.47 Unrealized +20.5%

AMZN AMAZON COM INC 7.5%

Value ($000) $156,922 (-33.3%) Shares 679,845 (-36.5%) Est. Cost $197.89 Unrealized +15.6%

NVDA NVIDIA CORPORATION 3.7%

Value ($000) $76,519 (-29.8%) Shares 410,291 (-29.7%) Est. Cost $107.17 Unrealized +73.7%

GLD SPDR GOLD TR 11.9%

Value ($000) $248,268 (+5.6%) Shares 626,450 (-5.3%) Est. Cost $329.97 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBIT	ISHARES BITCOIN TRUST ETF	5,353,612 (-21.4%)	$265,807 (-40.0%)	12.8%	$63.94	—	SHS BEN INT	46438F101
MSFT	MICROSOFT CORP	489,678 (-21.4%)	$236,818 (-26.6%)	11.4%	$415.47	+20.5%	COM	594918104
AMZN	AMAZON COM INC	679,845 (-36.5%)	$156,922 (-33.3%)	7.5%	$197.89	+15.6%	COM	023135106
NVDA	NVIDIA CORPORATION	410,291 (-29.7%)	$76,519 (-29.8%)	3.7%	$107.17	+73.7%	COM	67066G104
GLD	SPDR GOLD TR	626,450 (-5.3%)	$248,268 (+5.6%)	11.9%	$329.97	—	GOLD SHS	78463V107

Unchanged Positions (5)

Z ZILLOW GROUP INC 2.2%

Value ($000) $45,165 Shares 662,045 Est. Cost $81.72 Unrealized -11.4%

FLUT FLUTTER ENTMT PLC 1.2%

Value ($000) $24,833 Shares 115,481 Est. Cost $292.68 Unrealized -23.2%

KLAR KLARNA GROUP PLC 0.6%

Value ($000) $13,274 Shares 459,163 Est. Cost $42.59 Unrealized -19.4%

ZG ZILLOW GROUP INC 1.0%

Value ($000) $20,546 Shares 301,122 Est. Cost $78.72 Unrealized -10.7%

TXG 10X GENOMICS INC 0.1%

Value ($000) $2,773 Shares 170,000 Est. Cost $176.99 Unrealized -91.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
Z	ZILLOW GROUP INC	662,045	$45,165	2.2%	$81.72	-11.4%	CL C CAP STK	98954M200
FLUT	FLUTTER ENTMT PLC	115,481	$24,833	1.2%	$292.68	-23.2%	SHS	G3643J108
KLAR	KLARNA GROUP PLC	459,163	$13,274	0.6%	$42.59	-19.4%	SHS	G5279N105
ZG	ZILLOW GROUP INC	301,122	$20,546	1.0%	$78.72	-10.7%	CL A	98954M101
TXG	10X GENOMICS INC	170,000	$2,773	0.1%	$176.99	-91.5%	CL A COM	88025U109