Harvard Endowment Sets Record at $68 Billion

Harvard University’s endowment reached a record $68 billion at the close of fiscal 2026, after a 27.1% investment return and an increase of about $11 billion from the prior year, the university reported. The fiscal year ended June 30, 2026. Harvard Management Company, which manages the endowment, disclosed a SpaceX holding valued at about $2.2 billion on June 30. The position represented more than half of the company’s $4.3 billion U.S. equities portfolio at that time, making it the endowment’s largest single publicly traded stock holding, according to the disclosures. The reported value is a snapshot, not a statement of the holding’s current worth or when Harvard acquired it. The disclosure does not give the purchase price or acquisition date. SpaceX went public in June, shortly before the fiscal year ended. Harvard Management Company also reported a position of about $239 million in Cerebras Systems and increased its holdings in Nvidia and Taiwan Semiconductor Manufacturing. Chief executive N.P. Narvekar credited venture capital, public equities and hedge funds with contributing to the endowment’s annual performance. The investment gains came alongside financial pressures...