The University has invested in India in particular during the last year, including $6 million in WisdomTree Trust and $45 million in a Barclays India exchange-traded note.
Recently, the University has also built ties with Indian business giants. The University announced last week an $11 million gift from Siddhartha Yog, the founder of The Xander Group Inc., an investment firm. Last year the Business School received $50 million from the Tata Foundation and $25 million from Anand Mahindra of Mahindra Motors. University President Drew G. Faust plans to visit India this January.
But according to the filing, the University unloaded most of its investments in the Indian conglomerate Tata Motors since last quarter. The previous quarter’s filings indicated that the University held 80,000 shares in Tata valued at $1.8 million. Now the University has only 10,000 shares, valued at $154,000.
Harvard continues to hold the same number of shares in real estate group Pebblebrook Hotel Trust, though the value of the shares dropped from $52.4 million to $41 million this quarter.
The University also has invested $67 million in Goodrich Corporation, an aerospace manufacturing company that supplies the defense industry. Previous filings indicate that the University purchased these stocks in the last quarter.
HMC announced in June that Harvard’s endowment saw a 21.4 percent return in fiscal year 2011. This increase represents the first major gains after the financial crisis caused the value of the endowment to plunge nearly 30 percent.
The University’s holdings were reported last week in a mandatory quarterly Securities and Exchange Commission filing disclosing Harvard’s direct holdings of U.S.-listed securities.
—Staff writer Zoe A. Y. Weinberg can be reached at zoe.weinberg@college.harvard.edu.
This story has been revised to reflect the following clarification.
CLARIFICATION: NOV. 13, 2011
The Nov. 12 story "Harvard’s Equity Holdings Drop by 24 Percent in Last Quarter" did not make clear whether the decrease in value was the result of market losses or the selling of equities.