Investment Statement
The College’s current investment approach, last updated in October 2019, is that we have no direct investments in businesses which are predominantly involved in tobacco, arms, or fossil fuels. When considering whether to invest in pooled funds, where it is often impossible to specify exceptions, the level and materiality of investment is carefully considered.
Pembroke College has a portfolio valued at 30th June 2023 of £114.4m (audited) and it is made up as follows:
£'000 | |
Cash | 3,964 |
GMO Global Equity Allocation Investment fund | 8,232 |
Vanguard Developed World ex-UK equity index fund | 15,292 |
Vanguard Developed FTSE 250 tracker | 0 |
Stern Global equities (see below) | 11,178 |
Cambridge University Endowment Fund | 18,381 |
Cantab Balanced Fund | 8,927 |
Clipstone Industrial REIT Fund | 11,634 |
Loans to Fellows (declared as benefits in kind) | 758 |
Morgan Stanley private equity fund | 16 |
Cambridge Associates venture capital funds I and II | 1,156 |
NVP IV venture capital fund | 38 |
Agricultural land let by Bidwells (Agricultural land holdings / Agricultural land estate plan) | 10,062 |
Commercial property let by Cheffins | 2,660 |
Residential property | 22,146 |
Total | 114,443 |
Givaudan AG CHF 10 | CHF |
Sika AG CHF | CHF |
Eaton Corp PLC Common USD | USD |
Honeywell Intl Inc USD | USD |
Otis Worldwide Corp USD | USD |
Xylem | USD |
LVMH Moet Hennessey EUR 0.30 | EUR |
Amazon Com Inc Common USD | USD |
Diageo Plc GBP | GBP |
Nestle SA CHF 0.10 CHF | CHF |
Pernod-Ricard NPV EUR | EUR |
L'Oreal SA EUR | EUR |
Abbott Labs Common USD | USD |
Alcon Inc CHF0.04 | CHF |
Becton Dickinson & Co USD | USD |
Essilor International SA EUR | EUR |
Roche Hldings AG NPV GS CHF | CHF |
Thermo Fisher Scientific Inc USD | USD |
Adobe Inc USD | USD |
Mastercard Inc Class A USD | USD |
Salesforce.com USD | USD |
Amphenol Corp Class A USD | USD |
ASML Holding NV | EUR |
Nvidia Corp Common | USD |
Alphabet Inc Class C USD | USD |
Facebook Inc USD - Meta Platforms Inc | USD |
Walt Disney Co. | USD |
American Tower Corp Common USD | USD |