SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Michael & Susan Dell Foundation

CIK 0001599858 · C/O DFO MANAGEMENT, LLC, 550 MADISON AVENUE, 20TH FLOOR, NEW YORK, NY, 10022 · (212) 303-1650

Reported Value
$149M
Q3 2021
Positions
3
Filings on Record
29
2019–present window
Filed
Nov 15, 2021
original filing

Summary

Michael & Susan Dell Foundation reported $149M in U.S.-listed holdings across 3 positions for Q3 2021.

The portfolio is heavily concentrated: Vanguard Tax Managed Intl Fd alone accounts for 80.7% of reported value.

The book was largely unchanged from Q2 2021.

Portfolio Metrics

Turnover
0.0%
vs prior filed quarter
Largest Position
+80.7%
Vanguard Tax Managed Intl Fd

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $104MQ1 ’19Q2 ’19: $113MQ3 ’19: $105MQ4 ’19: $489MQ1 ’20: $386MQ1 ’20Q2 ’20: $459MQ3 ’20: $501MQ4 ’20: $156MQ1 ’21: $148MQ1 ’21Q2 ’21: $183MQ3 ’21: $149MQ4 ’21: $139MQ1 ’22: $166MQ1 ’22Q2 ’22: $130MQ3 ’22: $106MQ4 ’22: $105MQ1 ’23: $94MQ1 ’23Q2 ’23: $87MQ3 ’23: $82MQ4 ’23: $1.9BQ1 ’24: $802MQ1 ’24Q2 ’24: $980MQ3 ’24: $1.4BQ4 ’24: $1.9BQ1 ’25: $2.0BQ1 ’25Q2 ’25: $2.3BQ3 ’25: $2.5BQ4 ’25: $2.9BQ1 ’26: $2.8BQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 80.7%Common Stock: 19.1%Other: 0.2%
  • ETP · 80.7% · $120M
  • Common Stock · 19.1% · $28M
  • Other · 0.2% · $298,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD TAX-MANAGED INTL FDTRIMMED−228.5K2.37M−$14M$120M
MPLNUSDMULTIPLAN CORPORATIONHELD+05.05M−$20M$28M
MULTIPLAN CORPORATIONHELD+0250.0K−$267,000$298,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2021

2 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD TAX-MANAGED INTL FDFTSE DEV MKT ETF80.66%$120M2.37M
2MPLNUSDMULTIPLAN CORPORATIONhistory →COM · *W EXP 02/13/20219.34%$29M5.30M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.8B8May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.9B8Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.5B4Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.3B4Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.0B4May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.9B4Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.4B4Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$980M2Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$802M6May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.9B9Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$82M2Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$87M2Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$94M2May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$105M3Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$106M4Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$130M4Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$166M5May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$139M3Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$149M3Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$183M3Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$148M3May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$156M3Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$501M4Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$459M4Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$386M4May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$489M3Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$105M30Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$113M32Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$104M13May 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.