Managers / Q1 2026
Michelson Medical Research Foundation, Inc.
CIK 0001965304 · 11755 WILSHIRE BLVD., SUITE 1400, LOS ANGELES, CA, 90025 · (310) 806-9700
Summary
Michelson Medical Research Foundation, Inc. reported $99M in U.S.-listed holdings across 21 positions for Q1 2026.
The portfolio is heavily concentrated: IVE alone accounts for 22.9% of reported value.
Compared with Q4 2025, the fund opened 3 new positions and exited 2.
Portfolio Metrics
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 61.5% · $61M
- Common Stock · 31.0% · $31M
- REIT · 4.1% · $4M
- Other · 3.4% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CNNECANNAE HLDGS INC | NEW | +480.6K | 480.6K | +$5M | $5M |
| BATRKATLANTA BRAVES HLDGS INC | NEW | +45.1K | 45.1K | +$2M | $2M |
| OCSLOAKTREE SPECIALTY LENDING | NEW | +170.1K | 170.1K | +$2M | $2M |
| DBRGDIGITALBRIDGE GROUP INC | SOLD OUT | −609.5K | 0 | −$9M | $0 |
| RGRSTURM RUGER & CO INC | SOLD OUT | −57.5K | 0 | −$2M | $0 |
| UNHUNITEDHEALTH GROUP INC | HELD | +0 | 30.0K | −$2M | $8M |
| CRGYCRESCENT ENERGY COMPANY | HELD | +0 | 156.2K | +$798,008 | $2M |
| EWZISHARES INC | HELD | +0 | 81.3K | +$538,206 | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IVEISHARES TR | S&P 500 VAL ETF · ISHARES BIOTECH · MICRO-CAP ETF | 22.88% | $23M | 122.4K |
| 2 | EWWISHARES INC | MSCI MEXICO ETF · MSCI BRAZIL ETF · MSCI STH KOR ETF · MSCI TAIWAN ETF · MSCI JAPAN ETF | 12.58% | $12M | 190.8K |
| 3 | MTNVAIL RESORTS INChistory → | COM | 11.20% | $11M | 86.0K |
| 4 | VEAVANGUARD TAX-MANAGED FDShistory → | VAN FTSE DEV MKT | 10.29% | $10M | 158.2K |
| 5 | UNHUNITEDHEALTH GROUP INChistory → | COM | 8.24% | $8M | 30.0K |
| 6 | VWOVANGUARD INTL EQUITY INDEX Fhistory → | FTSE EMR MKT ETF | 7.00% | $7M | 127.6K |
| 7 | CNNECANNAE HLDGS INChistory → | COM | 5.55% | $5M | 480.6K |
| 8 | KRESPDR SERIES TRUSThistory → | STATE STREET SPD | 4.20% | $4M | 63.5K |
| 9 | SAFESAFEHOLD INChistory → | COM | 4.09% | $4M | 297.5K |
| 10 | MANCHESTER UTD PLC NEW | ORD CL A | 3.42% | $3M | 200.0K |
| 11 | VBVANGUARD INDEX FDShistory → | SMALL CP ETF | 2.93% | $3M | 11.0K |
| 12 | CRGYCRESCENT ENERGY COMPANYhistory → | CL A COM | 2.14% | $2M | 156.2K |
| 13 | BATRKATLANTA BRAVES HLDGS INChistory → | COM SER C | 1.96% | $2M | 45.1K |
| 14 | OCSLOAKTREE SPECIALTY LENDINGhistory → | COM | 1.95% | $2M | 170.1K |
| 15 | GXCSPDR INDEX SHS FDShistory → | STATE STREET SPD | 1.58% | $2M | 16.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $99M | 21 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $100M | 20 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $115M | 20 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $104M | 20 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $120M | 25 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $119M | 28 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $142M | 28 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $116M | 25 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $165M | 28 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $152M | 28 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $148M | 27 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $141M | 20 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $128M | 21 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $154M | 31 | Feb 13, 2023 | 13F-HR | changes · 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 ↗.