Universities: Oxford University and Colleges
Below is a list of the value of shares held by each university. The most recent figures generally refer to investments held in June 2008 in the top six UK-based arms exporting companies and the top eight American arms companies. The other figures mostly refer to shares held in March 2006 in the top seven US and UK arms companies at that time. The date of the information is provided in all cases.
The figures are taken from responses to Freedom of Information Act requests made to each university. Whilst the greatest care has been taken to ensure the accuracy of all the figures in this report, CAAT recognises the possibility of human error, and recommends that this fact be kept in mind when referring to the information.
Oxford University has a very active Socially Responsible Investment campaign.
University of Oxford
UK arms company shareholdings:
BAE Systems £1,691,638
Cobham £392,142
GKN £202,740
Qinetiq £106,780
Rolls Royce £757,112
VT Group £130,528
US arms company shareholdings:
Boeing £307,854
General Dynamics £165,243
General Electric £1,628,759
KBR £35,433
Lockheed Martin £202,972
L3 Communications £210,594
Northrup Grumman £129,614
Raytheon £138,692
Shares held indirectly through collective funds. These investments derive from endowments funds.
Total Assets Invested (all shares) £713m
Arms shares as % of total investments 0.86
Information refers to June 2008
To verify information, email:
FOI Officer
To register concerns, email:
Giles Kerr,
Director of Finance
Colleges
All Souls College
No figures provided. The College's investments are managed through tracker funds (Barclays Global Investors and Dresdner RCM). The College has no lists of the holdings in any of their trackers.
Total Assets Invested (all shares) £236m
Arms shares as % of total investments ?
Information refers to June 2008
Send an email to: Thomas Seaman, Bursar
Balliol College
No direct arms company shareholding. All College investments have been delegated to investment managers. These funds may or may not contain arms shares.
Total Assets Invested (all shares) £65m
Arms shares as % of total investments ?
Information refers to July 2008
To verify information, email:
Anna Sander,
Freedom of Information Officer
To register concerns, email:
Richard Collier,
Finance Bursar
Blackfriar's Hall
No figures provided. Private hall- not considered public authority.
Information refers to June 2008
Send an email to: Benjamin Earl, Bursar
Brasenose College
FOI request acknowledged however still awaiting response.
Information refers to September 2008
Send an email to: the Dr Knowland, Bursar
Campion Hall
No figures provided. Private hall- not considered public authority.
Information refers to September 2006
Send an email to: Gerard Hughes, Master
Christ Church
No shares held in arms companies. Investments held in tracker funds which may contain arms shares at any given time, however no further information provided.
Total Assets Invested (all shares) £257m
Arms shares as % of total investments ?
Information refers to August 2008
Send an email to: James Lawrie, Treasurer
Corpus Christi College
UK arms company shareholdings:
BAE Systems £224,613
Total Assets Invested (all shares) £57m
Arms shares as % of total investments 0.4
Information refers to June 2008
To verify information, email:
Freedom of Information Officer
To register concerns, email:
Ben Ruck Keene,
Bursar
Exeter College
No arms company shareholdings.
Total Assets Invested (all shares) £50m
Information refers to September 2006
Send an email to: P Johnson, Finance and Estates Bursar
Green College
No arms company shareholdings.
Total Assets Invested (all shares) £6m
Information refers to September 2006
Send an email to: C J Fabes, College Accountant
Greyfriars Hall
College no longer forms part of Oxford University and has no university investments.
Information refers to June 2008
Send an email to: Doreen Thomson, Bursar
Harris Manchester College
No shares held directly in arms companies.
Total Assets Invested (all shares) ?
Arms shares as % of total investments ?
Information refers to June 2008
Send an email to: Annette Duffell, Bursar
Hertford College
Investments held in tracker funds which will include arms companies, but no further information provided
Total Assets Invested (all shares) £26m
Arms shares as % of total investments ?
Information refers to June 2008
Send an email to: Steve New, Bursar
Jesus College
UK arms company shareholdings:
BAE Systems £36,000
Qinetiq £4,500
US arms company shareholdings:
General Electric £46,000
KBR £3,400
College also holds investments in a number of tracker funds. These will contain shares in all major arms companies, however the College was unable to provide precise figures on these since their value changes so regularly.
Total Assets Invested (all shares) £122.2m
Arms shares as % of total investments 0.7
Information refers to July 2008
Send an email to: Peter Mirfield, Estates Bursar
Keble College
No arms company shareholdings.
Total Assets Invested (all shares) £21m
Information refers to August 2006
Send an email to: Averil Cameron, Warden
Kellogg College
No information as college is technically only a department and does not have its own charter, its funds therefore held as part of Oxford University's General Trust Fund.
Information refers to June 2008
Send an email to: Angus Hawkins, Bursar
Lady Margaret Hall
No arms company shareholdings.
Total Assets Invested (all shares) £29m
Information refers to August 2006
Send an email to: M H Robson, Treasurer
Linacre College
No direct arms company shareholdings. Invests in number of pooled funds, including Cazenove Investments funds which may contain arms companies.
Total Assets Invested (all shares) £8m
Arms shares as % of total investments ?
Information refers to June 2008
Send an email to: Alison Reid, Finance Bursar
Lincoln College
No direct arms company shareholdings. The College invests in 'collective investment vehicles' which may or may not from time to time invest in arms companies.The college has not issued an instruction to its managers to prohibit investment in arms companies.
Total Assets Invested (all shares) ?
Arms shares as % of total investments ?
Information refers to October 2006
Send an email to: Tim Knowles, Bursar
Magdalen College
UK arms company shareholdings:
BAE Systems £741,616
Total Assets Invested (all shares) £148m
Arms shares as % of total investments 0.5
Information refers to August 2008
Send an email to: Charles Young, Senior Bursar
Mansfield College
No arms company shareholdings. The College does not directly invest in companies whose primary business is manufacture of arms or tobacco.
Total Assets Invested (all shares) £7m
Information refers to September 2006
Send an email to: Steve Waterman, Bursar
Merton College
No direct arms company shareholdings. Invests in funds which undoubtedly include arms companies but the College is unable to provide further detail.
Total Assets Invested (all shares) £145m
Arms shares as % of total investments ?
Information refers to June 2008
Send an email to: Clifford Webb, Bursar
New College
UK arms company shareholdings:
Cobham £427,248
Shares held in the college endowment fund, managed by Newton investment managers.
Total Assets Invested (all shares) £136m
Arms shares as % of total investments 0.3
Information refers to June 2008
Send an email to: David Palfreyman, Bursar
Nuffield College
UK arms company shareholdings:
VT Group £1,250,000
Total Assets Invested (all shares) 94m
Arms shares as % of total investments 1.3
NB Also invests in number of pooled funds- may contain arms company shares.
Information refers to June 2008
Send an email to: Mr Gwilym Hughes, Bursar
Oriel College
College does not invest directly in arms companies and only invests in pooled funds. No further information provided as to whether or not these contain arms shares.
Total Assets Invested (all shares) 43m
Arms shares as % of total investments ?
Information refers to August 2008
Send an email to: E W Stephenson, Treasurer and Bursar
Pembroke College
FOI request acknowledged however still awaiting response.
Information refers to September 2008
Send an email to: John Church, Bursar
Regent's Park College
No arms company shareholdings. Portfolio manager follows investment policy for equities based on ethical considerations e.g. avoiding weapons manufacturers.
Total Assets Invested (all shares) £1m
Information refers to June 2008
Send an email to: David Harper, Bursar, or Robert Blyth, Treasurer
Ruskin College
FOI request acknowledged however still awaiting response.
Information refers to September 2008
Send an email to: Chris Wilkes, General Secretary
Somerville College
No shares held in arms companies either directly or through managed or collective funds.
Total Assets Invested (all shares) £35m
Arms shares as % of total investments 0
Information refers to June 2008.
Send an email to: Helen Morton, Treasurer
St. Anne's College
No shares held in arms companies.
Total Assets Invested (all shares) £19m
Information refers to June 2008
Send an email to: Christopher Wigg, Treasurer
St. Antony's College
UK arms company shareholdings
BAE Systems £457,589
Rolls Royce B £2,339
Investments held through Black Rock. College has an ethical investment policy; although this does not exclude arms companies, it allows disengagement from companies that cause 'serious concern' over human rights issues, for example.
Total Assets Invested (all shares) £28.6m
Arms shares as % of total investments 1.6
Information refers to June 2008
Send an email to: Allan Taylor, Bursar
St. Benet's Hall
No shares held directly in arms companies. St Benet's is a private hall and not considered to be a public authority, so is subject to the Charities Commission rather than the Freedom of Information Act.
Information refers to June 2008
Send an email to: Rev J Felix Stephens, Master & Bursar
St. Catherine's College
No direct arms company share holdings. College not aware of any indirect arms company holdings, but stated "it is not possible to know the details of underlying positions e.g. in hedge funds."
Total Assets Invested (all shares) 36m
Arms shares as % of total investments ?
Information refers to June 2008
Send an email to: James Bennett, Home Bursar
St. Cross College
College holds no direct investments. All shareholdings held indirectly through a wealth management company. Unable to confirm or deny with certainty whether these funds include arms company shares.
Information refers to July 2008
To verify information, email:
Faye Hatton,
Freedom of Information Officer
To register concerns, email:
Maureen Doherty,
Bursar
St. Edmund Hall
UK arms companies:
Cobham £64,350
Total Assets Invested (all shares) £23m
Arms shares as % of total investments 0.3
NB- The College informs its Investment Managers about responsible investment, and the Investment Managers take advice from expert ethical investment advisors.
Information refers to June 2008
Send an email to: Martin Slater, Finance Bursar
St. Hilda's College
Bulk of college funds are invested through Sarsins Investment managers, who have an ethical investment policy in place. This prohibits investment in any company which derives a substantial part (more than 10%) of its turnover from arms manufacture.
Total Assets Invested (all shares) £33m
Arms shares as % of total investments 0
Information refers to June 2008
Send an email to: Richard Berry, Bursar
St. Hugh's College
US arms company shareholdings:
General Electric £40,379
Shares held indirectly via Barclays Global Investors (BGI) North America Fund. All investments held through BGI, which may contain other arms company shares not listed in their most recent report.
Total Assets Invested (all shares) £21m
Arms shares as % of total investments 0.2
Information refers to June 2008
Send an email to: Mary Kerr, Bursar
St. John's College
UK arms company shareholdings
BAE Systems £978,730
GKN £11,208
Qinetiq 512,436
Rolls Royce £683,361
Rolls Royce B £17,876
Total Assets Invested (all shares) £317m
Arms shares as % of total investments 0.7
Information refers to June 2008
Send an email to: Anthony J Boyce, Principle Bursar
St. Peter's College
No shares held directly in arms companies. Arms investments may be held through University Trust Pool, however no details held.
Total Assets Invested (all shares) £23m
Arms shares as % of total investments ?
Information refers to July 2008
Send an email to: Richard Gordon, Bursar
Templeton College
No arms company shareholdings.
Total Assets Invested (all shares) ?
Information refers to August 2006
Send an email to: G Pritchard, Chief Financial Officer
The Queen's College
All college investments held in investment funds, no shares held directly in arms companies.
Information refers to July 2008
Send an email to: Paul Madden, Provost
Trinity College
Bursar claims that response to FOI request sent, however never received.
Information refers to September 2008
Send an email to: Kevin Knott, Bursar
University College
No direct shareholdings in arms companies. Investments are held in two tracker funds which would be expected to have exposure to arms companies, although no further details provided.
Total Assets Invested (all shares) £104m
Arms shares as % of total investments ?
Information refers to June 2008
Send an email to: Frank Marshall, Estates Bursar
Wadham College
No direct arms company shareholdings. Investments held in a number of tracker funds which may hold shares in arms companies.
Total Assets Invested (all shares) £63m
Arms shares as % of total investments ?
Information refers to June 2008
Send an email to: Ian Thompson, Finance Bursar
Wolfson College
UK arms company shareholdings:
Rolls Royce £112,213
Rolls Royce B £2,496
US arms company shareholdings:
General Electric £78,210
Total Assets Invested (all shares) £24m
Arms shares as % of total investments 0.8
NB- The College also invests in undisclosed pooled funds.
Information refers to March 2008
Send an email to: Stephen Palmer, Bursar
Worcester College
No direct arms company shareholdings.
Total Assets Invested (all shares) £19m
Information refers to August 2006
Send an email to: R G Smethurst, Provost
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