Stanford Management Co. generated a 13.1 percent net investment return for the fiscal year ended June 30, according to a statement from Stanford University. Stanford Management Co. is the university’s investments office and manages Stanford’s $26.9 billion merged pool of total investments.

“We are pleased to report $3.2 billion of investment gains for the year,” said Robert Wallace, CEO of Stanford Management Co. “Although comprising only a quarter of the total portfolio, public equity holdings led our result with very strong absolute and relative performance.”

The broad universe of U.S. colleges and universities generated a median 12.9 percent return for the same period, according to preliminary data tracked by Cambridge Associates.

For the past five and 10 years, respectively, Stanford generated a 9.5 percent and 5.8 percent annualized net return, compared with the 7.9 percent and 4.4 percent annualized median returns for colleges and universities