Board of Trustees of The Leland Stanford Junior University

Family Office

Board of Trustees of The Leland Stanford Junior University is a Family Office based in Clayton, MO led by Anthony Stanley Waskiewicz, managing $850.7M across 20 long positions as of Q3 2025 with 68% ETF concentration, 99% concentrated in top 10 holdings, and 37% allocation to EFA.

Managing PartnerAnthony Stanley Waskiewicz

Portfolio Value: $850.7M
Positions: 20
Top Holding: EFA at 36.73%
Last Reported: Q3 2025

Address8301 Maryland Ave, Suite 300, Clayton, MO, 63105, United States

Top Holdings

Largest long holdings in Board of Trustees of The Leland Stanford Junior University's portfolio (99.2% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares MSCI EAFE EFA	ETF ETF	$312.5M	36.73%	—	— 3.3M shares	Q2 2024 Held for 1y 5m
2 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$190.8M	22.42%	-$150.4M Sold	0.01% 784.8K shares	Q4 2024 Held for 11 months
3 iShares MSCI Emerging Markets EEM	ETF ETF	$189.2M	22.24%	—	— 3.5M shares	Q3 2021 Held for 4y 2m
4 iShares MSCI Japan EWJ	ETF ETF	$77.9M	9.16%	—	— 971.3K shares	Q1 2023 Held for 2y 8m
5 Light & Wonder, Inc. LNW	Gambling, Resorts & Casinos Consumer Cyclical	$22.3M	2.62%	—	0.32% 265.2K shares	Q4 2021 Held for 3y 11m
6 QuantumScape QS	Auto - Parts Consumer Cyclical	$18.0M	2.12%	-$12.5M Sold	0.26% 1.5M shares	Q4 2020 Held for 4y 11m
7 Kodiak Sciences Inc KOD	Biotechnology Healthcare	$11.3M	1.33%	—	1.31% 691.8K shares	Q4 2018 Held for 6y 11m
8 HTFL Heartflow, Inc. Common Stock HTFL	Unknown Unknown	$10.5M	1.24%	+$10.5M New	0.37% 312.2K shares	Q3 2025 Held for 2 months
9 Circle Internet Group, Inc. CRCL	Financial - Capital Markets Financial Services	$9.8M	1.16%	-$580.4K Sold	0.03% 74.3K shares	Q2 2025 Held for 5 months
10 Black Stone Minerals BSM	Oil & Gas Exploration & Production Energy	$1.9M	0.23%	—	0.07% 147.9K shares	Q2 2016 Held for 9y 5m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Board of Trustees of The Leland Stanford Junior University's latest filing

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GthenC

Market Value

$850.7M

Prior: $923.7M

Q/Q Change

-7.9%

-$73.0M

Net Flows % of MV

-25.73%

Turnover Ratio

14.16%

New Purchases

3 stocks

$11.0M

Added To

0 stocks

Sold Out Of

4 stocks

$66.3M

Reduced Holdings

3 stocks

-$163.5M

Increased Positions

Position	Shares Δ	Change
1 HTFL Heartflow, Inc. Common Stock HTFL	New	0 → 312.2K +$10.5M
2 Carlsmed, Inc. Common Stock CARL	New	0 → 25.0K +$335.2K
3 Siemens AG SI	New	0 → 13.5K +$169.7K

Decreased Positions

Position	Shares Δ	Change
1 SPDR S&P 500 ETF Trust SPY	Sold	96.5K → 0 −$59.6M
2 Amprius Technologies AMPX	Sold	1.1M → 0 −$4.8M
3 Samsara IOT	Sold	45.3K → 0 −$1.8M
4 CARGO Therapeutics, Inc. CRGX	Sold	23.3K → 0 −$95.9K
5 Alphabet Inc. GOOGL	-44.09%	1.4M → 784.8K −$150.4M