Harvard University's endowment reported an unchanged position in BlackRock’s iShares Bitcoin Trust (IBIT) at the end of the second quarter, pausing two consecutive quarters of selling, according to its latest 13F filing.
Per the filing, Harvard Management Company reported 3,044,612 shares of IBIT worth $101.4 million as of June 30, the same share count it disclosed three months earlier. The $15.6 million drop in the position's value tracked IBIT's decline in price over the quarter.
Harvard held 6,813,612 IBIT shares at the end of September 2025, which it cut to 5,353,612 in the fourth quarter of last year and then to 3,044,612 in the first quarter of 2026. Harvard had also fully exited the $86.8 million BlackRock spot Ethereum ETF position it had initiated only the prior quarter, and has not added any Ethereum positions as of the most recent filing.
The endowment now holds more value in gold-related products than in bitcoin funds. Harvard held $149.5 million of the iShares Gold Trust (IAU) and $21.7 million of the SPDR Gold Trust (GLD) at the end of June for a total of $171.2 million in gold against $101.4 million in IBIT.
IBIT ranked 11th among Harvard's 19 disclosed positions and made up 2.4% of the $4.26 billion portfolio's value. Harvard's filing, like other 13F filings, covers only directly held U.S.-listed securities and excludes private funds that account for most of the university's roughly $57 billion endowment.
