Harvard University Stocks List: Top 5 Picks

In this piece, we will take a look at Harvard University stocks list: Top 5 Picks. If you want to read our introduction to the institutional investor, then take a look at Harvard University Stocks List: Top 12 Picks.

5. NVIDIA Corporation (NASDAQ:NVDA)

Harvard Management Company’s equity Stake: $21.88 Million
Year to Date Gain: 236%

NVIDIA Corporation (NASDAQ:NVDA) is arguably Harvard University’s most successful stock pick, given its 200% plus rally in 2023.

In the investor letter for Q3 2023, the Artisan Developing World Fund made the following observation concerning NVIDIA Corporation (NASDAQ:NVDA):

“Our focus on scalable business models has its roots in our economic framework. As potential output moderated in most emerging countries, it became clear to us affordability was not improving and that low penetration was necessary but not sufficient for value creation. We eliminated companies from the portfolio that were struggling to generate revenue significantly in excess of fixed costs, often replacing them with passport companies such as NVIDIA Corporation (NASDAQ:NVDA) and Airbnb that were economically tied to emerging markets. Over a period of time, we have been successful in redefining the emerging markets opportunity set around real per capita GDP increases, growth in the middle class, revenue velocity and demand fulfilment. Combined with changes in the market backdrop that have resulted in privileged competitive positions for companies with financial strength and access to capital, we find our opportunity set expanding anew to include companies that are both based in emerging markets and conducive to value creation.”

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