The University of Notre Dame bought streaming company Netflix Inc.’s stock, slashed its holdings in Microsoft Corp. as well as the Class C shares of Alphabet Inc., and sold its stake in Open Text Corp., Barron’s reported on Sunday, citing the university’s filing with the U.S. Securities and Exchange Commission.
Barron’s has previously reportedthat the base of the Fighting Irish sports teams is competitive on the financial front, as well. Notre Dame’s endowment edged out theS&P 500 in its latest reported fiscal year ended June 30, 2018. The university saw a 12.2% return after manager fees, compared with a 12.1% rise in the index.
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