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 2022 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.
Consumer discretionary & consumer staples
Cael Kellogg, Austin Marquart, Jiselle Rivas, Jacob Carlson
- Chipotle Mexican Grill Inc. (pdf)
- Walmart Inc. (pdf)
Financial services & real estate
Clayton DeBrower, Ryan DeWilkins, Hayden Passmore, Julia Tomczyk
- CNA Financial Corp. (pdf)
- Crown Castle International Inc. (pdf)
Industrials
Ben Cook, Isabella Smillie
- FedEx Corp. (pdf)
Technology & communications
Spencer Goode, Michael Kemp, Benson Lin, Eric Rhum
- Apple Inc. (pdf)
- Adobe Inc. (pdf)
Energy & utilities
Gabriel Miller, Sagar Patel, Connor Umbright, Aaron Wendel
- Pioneer Natural Resources Co. (pdf)
- NextEra Energy Inc. (pdf)
Health care
Mick Bartelme, Lizzy Li, Francis O'Hara, Geoff Unterberg
- Vertex Pharmaceuticals Inc. (pdf)
- Pfizer Inc. (pdf)
Technology
Tommy Brander, Anthony Collins, Carter Madden, Austin Quinn, Xiang Yuan
- Akamai Technologies Inc. (pdf)
- ASML Holding NV (pdf)
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.
Ryan Baue, CFA
AEGON Asset Management
Bryce Engelbart, CFA
AEGON Asset Management
John Heinrich
UI Center for Advancement
Tim Insko
Wealth Enhancement Group
Ryan Jordan
Principal Global Investors
Jeff Kilkenny, CFA
Principal Global Investors
Kayla Kremer, CFA
AEGON Asset Management
Tiffany Lavastida, CFA
Principal Global Investors
Jonah Parker, CFA
AEGON Asset Management
Aaron Schaefer
Hills Bank & Trust Co.
Phyllis Vance, CFA
Vision Financial Group
James F. Wessels, CPA, CFA
Vision Financial Group
Catherine Zaharis, CFA
Tippie College of Business
More fund research
Spring 2022
Fall 2021
- Adobe Inc. (pdf)
- Advance Auto Parts Inc. (pdf)
- Akamai Technologies Inc. (pdf)
- Alphabet Inc. (pdf)
- Chipotle Mexican Grill Inc. (pdf)
- CNA Financial Corp. (pdf)
- Colgate-Palmolive Co. (pdf)
- Crown Castle International Corp. (pdf)
- Evercore Inc. (pdf)
- FedEx Corp. (pdf)
- Lockheed Martin Corp. (pdf)
- Meta Platforms Inc. (pdf)
- NextEra Energy Inc. (pdf)
- Pioneer Natural Resources Co. (pdf)
- Qorvo Inc. (pdf)
- Salesforce Inc. (pdf)
- STAG Industrial Inc. (pdf)
- UnitedHealth Group Inc. (pdf)
- Vertex Pharmaceuticals Inc. (pdf)
- Walmart, Inc. (pdf)
- Advance Auto Parts Inc. (pdf)
- Alphabet Inc. (pdf)
- Anheuser-Busch InBev (pdf)
- BlackRock Inc. (pdf)
- Crown Castle International Corp. (pdf)
- eBay Inc. (pdf)
- Evercore Inc. (pdf)
- Extra Space Storage Inc. (pdf)
- FedEx Corp. (pdf)
- Meta Platforms Inc. (pdf)
- NextEra Energy Inc. (pdf)
- Northrop Grumman Corp. (pdf)
- NVIDIA Corp. (pdf)
- Pioneer Natural Resources Co. (pdf)
- Regeneron Pharmaceuticals Inc. (pdf)
- Vertex Pharmaceuticals Inc. (pdf)
- Walmart Inc. (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.