Harvard Management Company owns approximately 1.9 million shares of IBIT, valued at $116.6 million as of the end of June 2024.
Harvard University's asset management fund ranks IBIT in fifth place, surpassing Alphabet but trailing Microsoft, Amazon, Booking Holdings, and Meta.
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Harvard Management Company holds 1.9 million shares of IBIT valued at approximately $116.6 million.
IBIT is the fifth largest investment in the fund's portfolio as of June 2024.
IBIT ranks above Alphabet but below major corporations like Microsoft, Amazon, Booking Holdings, and Meta.
How has Harvard Management Company invested in IBIT?
As of the end of Q2 2024, Harvard Management Company owned nearly 1.9 million shares of IBIT, equivalent to approximately $116.6 million according to filings submitted to the SEC.
This investment is considered a significant part of Harvard University's $53 billion fund, demonstrating strong confidence in IBIT's profit potential compared to other traditional investments.
The attractiveness of IBIT is evidenced by this investment position ranking fifth, surpassing the investment in Google's parent company, Alphabet.
How does Harvard Management Company's investment portfolio rank?
In the second quarter of 2024, Harvard Management Company allocated the largest assets to tech giants such as Microsoft, Amazon, Booking Holdings, and Meta.
IBIT, with an investment of nearly $117 million, ranks fifth, indicating the strategy of diversification and prioritizing stocks with superior growth potential of the fund.
IBIT's ranking above Alphabet is a testament to the appeal of the new technology sector and digital assets in the investment strategies of large institutions.
Investing in IBIT reflects Harvard's long-term vision and strategy to enhance asset value in line with technology trends and new financial markets.
James Rothenberg, Chairman of Harvard Management Company, 2024
The reason Harvard Management Company prioritizes IBIT in its investment portfolio.
IBIT is highly valued for its stable growth potential, helping Harvard optimize the performance of the world's largest fund.
The investment of hundreds of millions of USD in IBIT reflects Harvard's serious assessment of the technology and digital asset investment environment, aiming to diversify risk and increase profits.
A diversified portfolio helps the asset management fund maintain a leading position and sustainable growth under various market conditions.
Frequently Asked Questions
1. What is Harvard Management Company?
This is Harvard University's $53 billion asset management fund, specializing in investing across multiple sectors for long-term asset growth.
2. What type of share is IBIT?
IBIT is a share of a publicly listed company that the Harvard fund invests in, with high growth potential in the fintech portfolio.
3. Why is investing in IBIT important for Harvard?
IBIT helps the fund diversify investments and optimize returns thanks to its sustainable growth potential in the technology sector.
4. What major names are in Harvard's investment portfolio?
Microsoft, Amazon, Booking Holdings, Meta, and Alphabet are key investments alongside IBIT.
5. When was the report on Harvard's shares published?
The filing submitted to the U.S. Securities and Exchange Commission reflects data as of June 30, 2024.
Source: https://tintucbitcoin.com/bitcoin-etf-harvard-dau-tu-116-trieu-usd/
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