CARNEGIE MELLON UNIVERSITY

**CARNEGIE MELLON UNIVERSITY** maintains a concentrated portfolio of five positions with $89M in assets under management. The fund's largest allocation is to DUOL, representing $51.7M, followed by a significant holding in NDQ at $37.5M. This structure indicates a focused, high-conviction approach within its current market exposure. The remaining positions, IHT, AGPU, and BACRP, currently hold negligible weightings.

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