The University of Cambridge men's rowing eight won the annual Great Race on the Waikato River on Sunday.
It's the seventh running of the event, in which Waikato University competes against a team from either Cambridge or Oxford from England, or Harvard from the United States.
Cambridge led all the way on the 4.2km upstream course, beating Waikato by 2.4 seconds.
It is only the second time in the race's history that Waikato has been beaten.
Cambridge University also won in 2004.
The relatively young Waikato crew did include veteran olympic rower Nathan Twaddle, but while they kept the pressure on Cambridge, they were unable to catch them.
Thousands of people lined the river bank and the four Hamilton bridges the rowers passed under, in their effort to take the Harry Mahon Trophy.
Earlier the Waikato University women's eight beat a crew from the University of Sydney by a record two and a half minute margin.