Harvard's Top Ten Common Stocks, 1966

1. I.B.M. -- 87,634 -- $30,716,000
2. Texaco -- 375,326 -- $26,414,000
3. General Motors -- 284,089 -- $22,869,000
4. Gulf Oil -- 341,884 -- $17,094,000
5. Standard Oil (N.J.) -- 223,523 -- $15,367,000
6. Eastman Kodak -- 117,756 -- $15,132,000
7. Middle South Utilities -- 542,114 -- $13,621,000
8. Ford Motor -- 293,076 -- $13,298,000
9. AT&T -- 210,688 -- $11,588,000
10. Standard Oil (Cal.) -- 170,279 -- $10,898,000

(Source, Harvard Crimson, April 22, 1967)

These are the top ten common stocks held in Harvard's portfolio in 1966 as reported by the Harvard Crimson in 1967. It's worth noting that four of the ten positions are in petroleum (Texaco, Gulf, Standard Oil N.J. and Cal.) and two others are in automotive (General Motors and Ford). That is sixty percent of Harvard's most popular holdings had to do with the automobile or powering it. No wonder we've gotten where we are today on environmental issues if 50 years ago, the car was so undeniably king.