Stanford Management Co. on Thursday reported a net 13.1% return for the year ended June 30, according to a news release from the Palo Alto, Calif.-based Stanford University.
"Although comprising only a quarter of the total portfolio, public equity holdings led our result with very strong absolute and relative performance," said Robert Wallace, CEO of Stanford Management Co., in the news release.
Mr. Wallace said the endowment recorded $3.2 billion in investment gains for the year.
The value of the endowment was $24.8 billion at the end of the fiscal year on Aug. 31, up 10.7% from the year before. With merged investment pools including the endowment, Stanford Health Care and Lucile Packard Children's Hospital, Stanford Management Co. manages $26.9 billion.