Real-world academics
The Krause Fund blends a challenging finance elective with an endowed equity portfolio. Our student analysts dive into the economy, explore industries, research companies, and build extensive valuation models using the same techniques as the professionals. This semester-length project culminates with a presentation to a team of financial professional for possible inclusion in the Krause Fund portfolio.
Fall 2024 analysts
The student analysts managing our fund are enrolled in Applied Equity Valuation, which seeks to make students experts in the valuation techniques and analytical tools used by real-world analysts. Students work in teams to evaluate companies based on industry and provide detailed investment recommendations.
Analysts employ a top-down approach to research that integrates economic, industry, and company analysis, and use valuation techniques including discounted cash flow (DCF), economic value added (EVA), relative multiple (P/E, P/B, PEG ratio), and fundamental multiple analysis. Finally, all models are sensitivity tested against critical assumptions.
At the end of the course, analysts deliver investment presentations to our Investment Advisory Committee.
Communications
Connor Dalen, Ugo Orjinta, Brendan Smith, Landon Stoll, Robert Wilson
- Alphabet Inc. (pdf)
- T-Mobile U.S. Inc. (pdf)
Consumer Discretionary
Nick Macke, Michael Murnin, Luke Pawlowski, Michael Stoltze
- Chipotle Mexican Grill Inc. (pdf)
- Nike Inc. (pdf)
Consumer Staples
Lauren Denning, Nathan Kramer, Cade Nickell, Lucy Rector
- General Mills (pdf)
- Walmart Inc. (pdf)
Utilities
Lindsey Akason, Jack Gorsche, Kaiden Stoneking
- NextEra Energy Inc. (pdf)
- NiSource Inc. (pdf)
Health Care
Jared Fitch, John Reisfield, Marisa Schmidt, Kali Zahn
- DexCom Inc. (pdf)
- Jazz Pharmaceuticals PLC (pdf)
Industrials
Brayden Burnett, Tanner Jacklitch, Logan Shearer
- FedEx Corp. (pdf)
- United Rentals Inc. (pdf)
Technology — Alpha
Connor Cook, Michael Juskiewicz, Tim Kozhukhov
- Apple Inc. (pdf)
- Taiwan Semiconductor Co. (pdf)
Technology — Beta
Blake Ament, Patrick Fornatto, Katie Nguyen, Matthew Riedl
- Salesforce Inc. (pdf)
- ON Semiconductor Corp. (pdf)
Real Estate
Elio Celentino, Carter Diebold, Jackson Kozak, Brayden Rickertsen, Tyler Sherman
Investment Advisory Committee
Our Investment Advisory Committee plays a key role in management of the Krause Fund. Students present their final research to the board each semester and the committee mentors our students while helping to prepare them for financial services careers.
Bryce Engelbart, CFA
AEGON Asset Management
John Heinrich, CFA
UI Center for Advancement
Tim Insko
Wealth Enhancement Group
Ryan Jordan
Principal Asset Management
Kayla Kremer, CFA
AEGON Asset Management
Tiffany Lavastida, CFA
Principal Asset Management
Paige Brincks
Aligned Investors
Jonah Parker, CFA
AEGON Asset Management
Emily Phelps, CFA
AEGON Asset Management
Aaron Schaefer
Hills Bank & Trust Co.
James F. Wessels, CPA, CFA
Vision Financial Group
Catherine Zaharis, CFA
Tippie College of Business
More fund research
Spring 2024
Fall 2023
- Alphabet Inc. (pdf)
- Apple, Inc. (pdf)
- Cheniere Energy (pdf)
- Chipotle Mexican Grill (pdf)
- CNA (pdf)
- Dexcom Inc. (pdf)
- Elevance Health (pdf)
- e.l.f. (pdf)
- FedEx (pdf)
- Fortinet Inc. (pdf)
- General Mills (pdf)
- KeyCorp (pdf)
- Lockheed Martin (pdf)
- Micron Technology, Inc. (pdf)
- Moderna (pdf)
- NextEra Energy (pdf)
- Northrop Grumman (pdf)
- ON Semiconductor (pdf)
- Pfizer Inc. (pdf)
- Terex (pdf)
- Verizon (pdf)
- Alphabet Inc. (pdf)
- Apple Inc. (pdf)
- Chipotle Mexican Grill Inc. (pdf)
- CNA Financial Corp. (pdf)
- Crown Castle, Inc. (pdf)
- FedEx Corp. (pdf)
- Fortinet Inc. (pdf)
- General Mills Inc. (pdf)
- Pfizer Inc. (pdf)
- Pioneer Natural Resources (pdf)
- Terex (pdf)
- Texas Instruments (pdf)
Fund overview
The Krause Fund was created in 1998 when Bill Krause, founder and CEO of the Krause-Gentle Corporation, made a generous donation to the University of Iowa and other schools in the state to establish undergraduate student-managed equity funds. These schools compete in the Krause Investment Challenge, an annual contest matching the performance of each institution's portfolio during the academic year.
Our portfolio and performance
To review the year-to-date performance of our active portfolio holdings, view our Google spreadsheet. The document also contains information on our historical performance dating back to 1999.