Not entirely... U Mich's is ~$20 billion, UVA & OSU are both around $8 billion, UCLA's is ~$5 billion, the Texas + Texas A&M system have nearly $50 billion in AUM.

https://en.wikipedia.org/wiki/List_of_colleges_and_universit...

I don't know why the University of Washington isn't on the list of public institutions, it should be number 6 with 9.4B in assets.

https://www.uwinco.uw.edu/

Lost in the commotion is the chaos that NIL is wreaking on universities and their donation funnels. The donations side of things seems to be rapidly drying up as a revenue source.