Harvard rebalances crypto exposure: trims Bitcoin, buys Ether ETF

Harvard Management Company (HMC), the investment arm of Harvard University’s endowment, reduced its stake in the iShares Bitcoin Trust (IBIT) by roughly 21%, trimming about 1.5 million shares, the firm’s latest SEC 13F filing shows.

Despite the cut, Bitcoin remained one of the endowment’s largest publicly disclosed positions, with a reported market value of approximately $265.8 million at the end of Q4 2025.

The filing also records a new position in the iShares Ethereum Trust (ETHA), with HMC acquiring about 3.87 million shares valued at roughly $86.8 million — its first publicly disclosed allocation to an Ether-linked ETF.

Alongside those crypto moves, the 13F reveals broader shifts across the endowment’s publicly reported equity holdings, including increases and reductions among major technology and industrial names, while the crypto positions remain among the most significant individual line items disclosed.

hmc, harvard, bitcoin, ibit, ethereum, etha, ether etf, sec 13f, endowment, q4 2025