Now through October 31, we're waiving application fees for all domestic freshman and transfer applicants!
*Common app code: Central27
Celani Investment Portfolio
The Celani Fund gives CMU students hands-on experience managing a large-cap equity portfolio while learning how investment teams analyze companies, evaluate market conditions and make strategic investment decisions.
Established through the support of CMU alumnus Tom Celani, the fund is benchmarked against the S&P 500 and represents the largest student-managed investment portfolio within the Finance and Law Department.
S&P 500
benchmark used for portfolio performance analysis.
$3M+
student-managed large-cap equity portfolio.
Hands-on
experience with equity research and investment presentations.
Weekly presentations and portfolio analysis
Students involved in the Celani Fund meet weekly to present company analysis, discuss market conditions and evaluate potential investment opportunities. Presentations include industry research, risk analysis and discussion surrounding portfolio strategy and long-term performance.
Students also gain experience with valuation methods, ratio analysis and portfolio management while presenting recommendations to faculty mentors, advisory board members, alumni and industry professionals.
Student investment presentations
Students regularly present buy-and-sell recommendations, company analysis and portfolio insights as part of the Celani Fund experience. Presentation materials and supporting analysis will be posted here throughout the academic year.
| Date | Company | Presented By | Passed | Shares | Net Value |
|---|---|---|---|---|---|
| Mar. 2026 | CRH PLC | Jose Neto, Jack Bach, Suanshi Kachapur, and Evan Waters | Yes | 1,113 | $117,118.59 |
| Feb. 2026 | NVIDIA | Ethan Schweitzer, Alex Ciolac, and Nathan Welch | Yes | 1,487 | $267,815 |
| Feb. 2026 | Microsoft | Blake Jimenez, John Angerman, Lucas Pratt, and Ryan Blanton | Yes | 448 | $176,268.58 |
| Feb. 2026 | J.P. Morgan | Ethan Sutter, Dylan Gergely, and Anthony Liss | Yes | 190 | $60,582.00 |
| Nov. 2025 | First Solar | Trevor Carnovsky, Nathan Green, Collin Marsh, Logan Walsh and Aalekh Chaturvedi | Yes | $150,470.03 | |
| Oct. 2025 | Lockheed Martin & SCI | John Angerman, Alexandru Ciolac, Ethan Schweitzer, Henry Ripple | Yes | $137,700.26 | |
| Oct. 2025 | AbbVie | Jose Marcotti and Caleb Baron | Yes | 100 | $23,192.70 |
| Sept. 2025 | H&R Block | Trevor Carnovsky, Lucas Ventline, Dhruv Kumar | Yes | 2,618 | $130,148.48 |
| Apr. 2025 | FedEx | Carter Sonnichsen, Anthony Liss, and Alexandru Ciolac | Yes | 263 | $55,488.54 |
| Mar. 2025 | Disney & SPDR Trust Gold | Trevor Carnovsky, Adam Rose and Jose Marcotti | Yes | $102,805.08 |
Connected opportunities
Students involved in the Celani Fund often also participate in Michigan Finance Scholars, national finance competitions and employer-connected learning experiences that help strengthen technical skills and professional confidence.
About the fund
A $1 million gift from CMU alumnus Tom Celani established the fund in 2005, creating a lasting opportunity for students to gain hands-on investment management experience.
