The Harvard Management Company, which oversees the $26 billion Harvard University Endowment, recently filed a 13F-HR quarterly report with the Securities and Exchange Commission (SEC) disclosing its portfolio of publicly traded securities as of the end of Q1 2009.

Here are the most significant changes to Harvard’s portfolio:

Three dropouts

IShares MSCI UK Index Fund, iPath MSCI India Index Fund, and Western Asset Claymore Inflation-Linked Opportunities & Income Fund are no longer in the top 10. In fact, Harvard completely sold its UK index fund holding during Q1 2009.

Three additions

Vanguard Emerging Market ETF, iShares South Korea Index Fund, and China Mobile ADR are additions to the top 10. Moreover, both iShares South Korea and China Mobile are new Harvard holdings.

One U.S. holdout

Nine out of the top 10 holdings are in emerging markets. There is only one U.S. holdout – Stoneleigh Partners.

Two stocks, eight ETFs

Stoneleigh Partners is one of two stock holdings in Harvard’s top 10; the other stock (ADR) holding is China Mobile. All other holdings are emerging market ETFs.

Conclusion

It appears that Harvard is even more bullish investing in emerging markets than last quarter.

Table: Top 10 holdings in Harvard University Endowment’s public portfolio

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