Jasper Ridge Partners, L.P.

Fund of Funds

Jasper Ridge Partners, L.P. is a Fund of Funds based in Fort Worth, TX led by Raymond Lee Durham, reporting $40.1B in AUM as of Q3 2025 with 83% ETF concentration, 83% concentrated in top 10 holdings, and 28% allocation to VEA.

CFORaymond Lee Durham

Portfolio Value: $4.4B
Positions: 144
Top Holding: VEA at 28.02%
Last Reported: Q3 2025

Address201 Main Street, Suite 1000, Fort Worth, TX, 76102, United States

Top Holdings

Largest long holdings in Jasper Ridge Partners, L.P.'s portfolio (83.2% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard FTSE Developed Markets VEA	ETF ETF	$1.2B	28.02%	+$326.7M Bought	— 20.8M shares	Q3 2015 Held for 10y 2m
2 iShares Core S&P 500 ETF IVV	ETF ETF	$1.1B	24.57%	-$176.1M Sold	— 1.6M shares	≤ Q2 2013 Held for 12y 5m+
3 iShares Russell 1000 Value IWD	ETF ETF	$514.0M	11.58%	—	— 2.5M shares	≤ Q2 2013 Held for 12y 5m+
4 Vanguard FTSE Emerging Markets VWO	ETF ETF	$353.9M	7.97%	+$14.9M Bought	— 6.5M shares	≤ Q2 2013 Held for 12y 5m+
5 Schwab U.S. TIPS SCHP	ETF ETF	$192.5M	4.34%	-$4.0M Sold	— 7.1M shares	Q4 2023 Held for 1y 11m
6 Roblox RBLX	Electronic Gaming & Multimedia Technology	$102.4M	2.31%	-$764.5K Sold	0.11% 739.4K shares	Q1 2021 Held for 4y 8m
7 Vanguard S&P 500 ETF VOO	ETF ETF	$63.7M	1.43%	-$9.7M Sold	— 104.0K shares	Q3 2015 Held for 10y 2m
8 iShares Russell 2000 Value IWN	ETF ETF	$56.9M	1.28%	—	— 321.7K shares	≤ Q2 2013 Held for 12y 5m+
9 Microsoft MSFT	Software - Infrastructure Technology	$39.4M	0.89%	—	0.00% 76.1K shares	Q1 2019 Held for 6y 8m
10 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$35.2M	0.79%	—	0.00% 144.7K shares	Q2 2015 Held for 10y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Jasper Ridge Partners, L.P.'s latest filing

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Market Value

$4.4B

Prior: $4.0B

Q/Q Change

+11.13%

+$444.6M

Net Flows % of MV

+3.75%

Turnover Ratio

6.38%

New Purchases

1 stocks

$1.5M

Added To

15 stocks

+$363.8M

Sold Out Of

5 stocks

$2.4M

Reduced Holdings

13 stocks

-$196.5M

Increased Positions

Position	Shares Δ	Change
1 Joby Aviation JOBY	New	0 → 90.0K +$1.5M
2 Vanguard Total World Stock VT	+216.23%	22.2K → 70.1K +$6.6M
3 Hims & Hers Health HIMS	+172.37%	112.1K → 305.3K +$11.0M
4 Alector, Inc. ALEC	+134.32%	30.6K → 71.8K +$121.8K
5 Samsara IOT	+45.59%	32.4K → 47.2K +$550.1K

Decreased Positions

Position	Shares Δ	Change
1 Rubrik RBRK	Sold	13.8K → 0 −$1.2M
2 Reddit RDDT	Sold	4.6K → 0 −$689.0K
3 Philip Morris International PM	Sold	1.2K → 0 −$219.5K
4 Atlassian TEAM	Sold	1.0K → 0 −$211.0K
5 Mersana Therapeutics, Inc. MRSN	Sold	924.0 → 0 −$6.8K