Gray Foundation
•CIK: 2011602•Filing: Q4 2025
**Gray Foundation** manages $399M across a concentrated portfolio of 11 positions. The fund exhibits significant conviction in healthcare technology, with its top holding, HLT, representing $210.2M. Further allocations include substantial exposure to IGM at $72.2M and GOOG at $35.1M. This structure suggests a focused, high-conviction approach targeting growth leaders within key sectors.
Total AUM
$398.5M
QoQ Performance
+13.4%
Positions
9
Top 10 Concentration
99.2%
Latest Filing
Q4 2025
Top Holdings Allocation
HLT
IGM
GOOG
INDA
HLT52.7%
IGM18.1%
GOOG8.8%
INDA5.8%
ROBO3.6%
SOXX2.6%
HGV2.4%
INVH2.4%
📈 Biggest Buys
📉 Biggest Sells
No reductions this quarter
Sector Breakdown
Consumer52.7%
Other37.0%
Technology8.8%
Industrial1.4%
Changes from Q3 2025
NEW3 new positions
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023