Global Endowment Management, LP's SEC 13F Portfolio ($896.1M)

CIK: 0001512237

Diversified strategySector-focusedMomentum follower

Total reported value

$896.1M

Reporting period: 2026-03-31 · Number of holdings: 126

Global Endowment Management, LP disclosed 126 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $896.1M and a quarterly turnover rate of 30.1%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "G"

Personality snowflake

Concentration: 31.42
Portfolio Stability: 30.14
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 100
Sizing Uniformity: 70.05

Global Endowment Management, LP's disclosed holdings carry a Herfindahl concentration index of 0.079 — mathematically equivalent to about 13 equally-sized positions, well below its 126 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 2.99), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Sector classification currently covers about 12% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Add VT
+209.5%　$94.5M
Trim BND
-20.7%　-$29.4M
Trim TXO
-82.1%　-$15.7M
Add AGG
+137.0%　$19.1M
Add VXUS
+20.8%　$21.1M
Trim BBRE
-13.1%　-$4.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	VT	Vanguard Tot World Stk ETF	ETF-Other	15.72%	+9.92%	+209.47%
2	VXUS	Vanguard Total Intl Stock	ETF-Other	12.39%	+1.17%	+20.79%
3	BND	Vanguard Total Bond Market	ETF-Other	12.25%	-5.12%	-20.65%
4	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	11.97%	+0.18%	+18.77%
5	BBRE	JPM Betabldrs Msci US Reit	ETF-Other	4.66%	-1.15%	-13.12%
6	AGG	Ishares Core U.s. Aggregate	ETF-Other	3.71%	+1.95%	+137.00%
7	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	3.21%	-0.70%	—
8	NVDA	Nvidia CORP	Stock-Tech	2.42%	-0.48%	—
9	AAPL	Apple INC	Stock-Tech	2.24%	-0.45%	—
10	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	2.17%	—	+3.43%
11	IYR	Ishares US Real Estate ETF	ETF-Other	2.15%	+0.29%	+28.35%
12	MSFT	Microsoft CORP	Stock-Tech	2.07%	-0.99%	-1.19%
13	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	1.80%	—	—
14	AAXJ	Ishares Msci All Country Asi	ETF-Other	1.70%	—	-4.50%
15	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	1.69%	—	+3.30%
16	PHYS	Sprott Physical Gold Trust	Stock-Other	1.57%	-0.06%	—
17	TIP	Ishares Tips Bond ETF	ETF-Other	1.24%	+0.22%	+35.09%
18	EWJ	Ishares Msci Japan ETF	ETF-Other	1.16%	+0.03%	+9.59%
19	SCHX	Schwab US Large-cap ETF	ETF-Other	1.11%	—	+6.61%
20	DJP	Ipath Bloomberg Commodity In	ETF-Commodities	1.07%	+0.36%	+31.37%
21	XLV	Ss Health Care Select Sector	ETF-Other	1.01%	-0.18%	—
22	CVLC	Calvert US L-c Cr Resp Index	ETF-Large Cap & Growth	0.55%	+0.11%	+46.53%
23	SPDW	Ste Str Spdr Pt Dw EU ETF	ETF-Other	0.54%	+0.04%	+17.14%
24	GDX	Vaneck Gold Miners ETF	ETF-Commodities	0.51%	-0.03%	—
25	SPAB	Ss Spdr P Agg Bond ETF	ETF-Other	0.49%	+0.01%	+14.59%
26	TXO	Txo Partners LP	Stock-Other	0.47%	-2.02%	-82.13%
27	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.42%	—	—
28	JNK	Ss Spdr Bb High Yield Bond	ETF-High Yield	0.38%	—	—
29	SHY	Ishares 1-3 Year Treasury Bo	ETF-Gov Bonds	0.37%	—	—
30	EAGG	Ishares Esg Aware US Aggrega	ETF-Other	0.36%	+0.06%	+37.40%
31	VEA	Vanguard Ftse Developed ETF	ETF-Other	0.34%	—	—
32	BNDX	Vanguard Total Intl Bond ETF	ETF-Other	0.32%	—	+6.21%
33	VNQ	Vanguard Real Estate ETF	ETF-Other	0.32%	-0.10%	-16.05%
34	DBC	Invesco Db Commodity Index T	ETF-Commodities	0.30%	+0.05%	+5.33%
35	AMZN	Amazon.com INC	Stock-Consumer Disc	0.29%	—	+1.38%
36	IEI	Ishares 3-7 Year Treasury Bo	ETF-Gov Bonds	0.26%	—	—
37	EWU	Ishares Msci United Kingdom	ETF-Other	0.25%	—	—
38	KWEB	Kranesh Csi China Internet	ETF-Emerging Markets	0.24%	-0.09%	—
39	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	ETF-High Yield	0.24%	—	—
40	SPEM	State Street Sp Ptf Em ETF	ETF-Other	0.23%	—	+8.67%
41	VGK	Vanguard Ftse Europe ETF	ETF-Other	0.23%	+0.18%	+400.00%
42	META	Meta Platforms Inc-class A	Stock-Comm Services	0.21%	—	+4.72%
43	EWP	Ishares Msci Spain ETF	ETF-Other	0.18%	—	—
44	DXJ	Wisdomtree Japan Hedged Eq	ETF-Other	0.18%	+0.18%	NEW
45	ANGL	Vaneck Fallen Angel High Yld	ETF-Other	0.16%	—	—
46	FLKR	Franklin Ftse South Korea	ETF-Other	0.15%	+0.03%	+16.88%
47	EWG	Ishares Msci Germany ETF	ETF-Other	0.15%	—	—
48	SPIB	Ss Spdr P Int C CORP ETF	ETF-Other	0.14%	+0.05%	+83.16%
49	EWA	Ishares Msci Australia ETF	ETF-Other	0.12%	—	—
50	FEZ	State Street Spdr Euro Stoxx	ETF-Other	0.12%	—	—

1–50 of 126

Portfolio Performance

Performance for Q3 2026

+1.5%

Performance Last 4 Quarters

+15%

Based on 80% of reported portfolio value with available pricing

Stdev: +9.4%
Beta: +0.65
Alpha: -0.2%
Max Drawdown: -5.7%
Annualized Perf: +11.9%
Batting Avg vs S&P: +30.6%
Sortino: +2.42
Stutzer: +0.37
Treynor: +0.18
Sterling: +0.83
Calmar: +2.08
Information Ratio: -1.09
Tracking Error: +6.2%
Stdev Down: +4.9%
Winning Months %: +63.9%
Losing Months %: +36.1%
Best 12 Months: +23.2%
Worst 12 Months: +7.3%
Efficiency Ratio: +0.47
Sharpe: +1.25
Stdev Sectors: +17.6%
Skewness: +0.01
Kurtosis: -0.23
Upside Potential: +4.14

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	126	$896.1M	30	1VT 2VXUS 3BND Top holdings2026-03-31 1.VT 2.VXUS 3.BND 4.VTI 5.BBRE 6.AGG 7.GOOGL 8.NVDA 9.AAPL 10.SPY
2025-12-31	138	$801.1M	13	1BND 2VTI 3VXUS Top holdings2025-12-31 1.BND 2.VTI 3.VXUS 4.BBRE 5.VT 6.GOOGL 7.MSFT 8.NVDA 9.AAPL 10.TXO
2025-09-30	128	$798.6M	31	1BND 2VTI 3VXUS Top holdings2025-09-30 1.BND 2.VTI 3.VXUS 4.VT 5.TXO 6.BBRE 7.MSFT 8.GOOGL 9.NVDA 10.AAPL
2025-06-30	128	$751.2M	0	1BND 2VTI 3VXUS Top holdings2025-06-30 1.BND 2.VTI 3.VXUS 4.SPY 5.VT 6.BBRE 7.TXO 8.NVDA 9.AAPL 10.VWO
2025-03-31	142	$769.3M	100	1BND 2VTI 3VXUS Top holdings2025-03-31 1.BND 2.VTI 3.VXUS 4.BBRE 5.SPY 6.TXO 7.VT 8.AAPL 9.VWO 10.NVDA
2024-12-31	140	$781.8M	0	1BND 2VTI 3VXUS Top holdings2024-12-31 1.BND 2.VTI 3.VXUS 4.BBRE 5.TXO 6.VT 7.AAPL 8.NVDA 9.VWO 10.VOO
2024-09-30	131	$990.2M	0	1BND 2VXUS 3VTI Top holdings2024-09-30 1.BND 2.VXUS 3.VTI 4.BBRE 5.TXO 6.CVNA 7.VT 8.META 9.AAPL 10.NVDA
2024-06-30	122	$944.9M	0	1BND 2VXUS 3VTI Top holdings2024-06-30 1.BND 2.VXUS 3.VTI 4.BBRE 5.SPY 6.TXO 7.VT 8.AAPL 9.NVDA 10.VWO
2024-03-31	128	$959.8M	0	1BND 2VXUS 3VTI Top holdings2024-03-31 1.BND 2.VXUS 3.VTI 4.BBRE 5.SPY 6.TXO 7.VT 8.XLV 9.EWJ 10.XLP
2023-12-31	127	$898.4M	0	1BND 2VXUS 3VTI Top holdings2023-12-31 1.BND 2.VXUS 3.VTI 4.BBRE 5.SPY 6.TXO 7.XLV 8.AAPL 9.EWJ 10.XLP
2023-09-30	118	$934.4M	0	1BND 2VXUS 3VTI Top holdings2023-09-30 1.BND 2.VXUS 3.VTI 4.SPY 5.TXO 6.BBRE 7.XLV 8.XLP 9.VWO 10.VOO
2023-06-30	85	$842.0M	0	1BND 2VXUS 3VTI Top holdings2023-06-30 1.BND 2.VXUS 3.VTI 4.SPY 5.BBRE 6.XLV 7.XLP 8.VWO 9.VOO 10.VT
2023-03-31	103	$939.3M	0	1BND 2VXUS 3VTI Top holdings2023-03-31 1.BND 2.VXUS 3.VTI 4.SPY 5.BBRE 6.MGC 7.AMZN 8.XLV 9.XLP 10.VWO
2022-12-31	107	$902.8M	0	1BND 2VXUS 3VTI Top holdings2022-12-31 1.BND 2.VXUS 3.VTI 4.SPY 5.AMZN 6.BBRE 7.MGC 8.VWO 9.MLPX 10.VT
2022-09-30	111	$991.0M	0	1BND 2AMZN 3VTI Top holdings2022-09-30 1.BND 2.AMZN 3.VTI 4.MGC 5.VXUS 6.SPY 7.BBRE 8.GOOGL 9.META 10.AAPL
2022-06-30	123	$1.1B	0	1BND 2AMZN 3VTI Top holdings2022-06-30 1.BND 2.AMZN 3.VTI 4.MGC 5.VXUS 6.SPY 7.BBRE 8.VNQ 9.GOOGL 10.META
2022-03-31	118	$1.4B	0	1BND 2AMZN 3VTI Top holdings2022-03-31 1.BND 2.AMZN 3.VTI 4.MGC 5.GOOGL 6.SPY 7.VXUS 8.BBRE 9.Z 10.MSFT
2021-12-31	116	$1.4B	0	1BND 2VTI 3MGC Top holdings2021-12-31 1.BND 2.VTI 3.MGC 4.SPY 5.META 6.GOOGL 7.VXUS 8.AMZN 9.BBRE 10.GDDY
2021-09-30	111	$1.5B	0	1BRK-B 2BND 3VTI Top holdings2021-09-30 1.BRK-B 2.BND 3.VTI 4.MGC 5.SPY 6.VXUS 7.META 8.GDDY 9.GOOGL 10.G
2021-06-30	113	$1.8B	95	1BRK-B 2MGC 3VTI Top holdings2021-06-30 1.BRK-B 2.MGC 3.VTI 4.BND 5.LNWO 6.SPY 7.META 8.GDDY 9.VXUS 10.VNQ
2021-03-31	106	$1.6B	16	1BRK-B 2MGC 3VTI Top holdings2021-03-31 1.BRK-B 2.MGC 3.VTI 4.BND 5.SPY 6.LNWO 7.META 8.BBRE 9.GDDY 10.VXUS
2020-12-31	127	$1.5B	24	1BRK-B 2VTI 3BND Top holdings2020-12-31 1.BRK-B 2.VTI 3.BND 4.MGC 5.SPY 6.LNWO 7.META 8.VXUS 9.BBRE 10.VNQ
2020-09-30	120	$1.3B	29	1BRK-B 2VTI 3BND Top holdings2020-09-30 1.BRK-B 2.VTI 3.BND 4.MGC 5.SPY 6.VXUS 7.BBRE 8.VNQ 9.META 10.GDX
2020-06-30	107	$1.3B	25	1BRK-B 2VTI 3MGC Top holdings2020-06-30 1.BRK-B 2.VTI 3.MGC 4.BND 5.AMZN 6.META 7.VXUS 8.CACC 9.WIX 10.SPY
2020-03-31	103	$1.1B	40	1BRK-B 2BND 3VTI Top holdings2020-03-31 1.BRK-B 2.BND 3.VTI 4.MGC 5.AMZN 6.VXUS 7.SPY 8.META 9.BBRE 10.CACC
2019-12-31	102	$1.4B	40	1VTI 2BRK-B 3BND Top holdings2019-12-31 1.VTI 2.BRK-B 3.BND 4.BBRE 5.MGC 6.AMZN 7.VXUS 8.SPY 9.VWO 10.G
2019-09-30	94	$1.1B	34	1VTI 2BRK-B 3BND Top holdings2019-09-30 1.VTI 2.BRK-B 3.BND 4.VXUS 5.AMZN 6.SPY 7.BBRE 8.G 9.BOLDEUR 10.CACC
2019-06-30	173	$1.0B	71	1BRK-B 2BND 3VTI Top holdings2019-06-30 1.BRK-B 2.BND 3.VTI 4.AMZN 5.VXUS 6.SPY 7.G 8.Z 9.BBRE 10.BOLDEUR
2019-03-31	207	$707.7M	47	1BRK-B 2AMZN 3SPY Top holdings2019-03-31 1.BRK-B 2.AMZN 3.SPY 4.G 5.CACC 6.BOLDEUR 7.Z 8.V 9.BBRE 10.META
2018-12-31	155	$468.1M	66	1BRK-B 2AMZN 3SPY Top holdings2018-12-31 1.BRK-B 2.AMZN 3.SPY 4.G 5.Z 6.CACC 7.BOLDEUR 8.GDX 9.V 10.IEF
2018-09-30	223	$754.5M	33	1BRK-B 2AMZN 3SPY Top holdings2018-09-30 1.BRK-B 2.AMZN 3.SPY 4.CACC 5.META 6.Z 7.G 8.GOOGL 9.DXJ 10.V
2018-06-30	224	$764.0M	31	1BRK-B 2AMZN 3SPY Top holdings2018-06-30 1.BRK-B 2.AMZN 3.SPY 4.CACC 5.Z 6.META 7.G 8.GOOGL 9.DXJ 10.V
2018-03-31	223	$694.3M	32	1BRK-B 2AMZN 3SPY Top holdings2018-03-31 1.BRK-B 2.AMZN 3.SPY 4.CACC 5.Z 6.G 7.DXJ 8.GOOGL 9.META 10.VWO
2017-12-31	212	$685.7M	28	1BRK-B 2AMZN 3SPY Top holdings2017-12-31 1.BRK-B 2.AMZN 3.SPY 4.CACC 5.OAK 6.G 7.GOOGL 8.Z 9.DXJ 10.VWO
2017-09-30	237	$709.5M	35	1BRK-B 2AMZN 3SPY Top holdings2017-09-30 1.BRK-B 2.AMZN 3.SPY 4.CACC 5.OAK 6.G 7.Z 8.GOOGL 9.DXJ 10.BND
2017-06-30	244	$734.5M	28	1BRK-B 2AMZN 3OAK Top holdings2017-06-30 1.BRK-B 2.AMZN 3.OAK 4.SPY 5.CACC 6.Z 7.G 8.PM 9.GOOGL 10.DXJ
2017-03-31	249	$687.1M	25	1BRK-B 2OAK 3AMZN Top holdings2017-03-31 1.BRK-B 2.OAK 3.AMZN 4.SPY 5.GOOGL 6.PM 7.CACC 8.G 9.Z 10.BND
2016-12-31	256	$643.8M	39	1BRK-B 2OAK 3AMZN Top holdings2016-12-31 1.BRK-B 2.OAK 3.AMZN 4.SPY 5.GOOGL 6.CACC 7.G 8.Z 9.PM 10.BND
2016-09-30	218	$603.4M	38	1BRK-B 2AMZN 3OAK Top holdings2016-09-30 1.BRK-B 2.AMZN 3.OAK 4.SPY 5.GOOGL 6.CACC 7.G 8.PM 9.BND 10.Z
2016-06-30	211	$469.0M	24	1BRK-B 2AMZN 3SPY Top holdings2016-06-30 1.BRK-B 2.AMZN 3.SPY 4.OAK 5.G 6.PM 7.Z 8.BND 9.GOOGL 10.CACC
2016-03-31	215	$467.1M	38	1BRK-B 2AMZN 3OAK Top holdings2016-03-31 1.BRK-B 2.AMZN 3.OAK 4.SPY 5.G 6.PM 7.BND 8.GOOGL 9.ENOV 10.Z
2015-12-31	207	$543.9M	41	1BRK-B 2AMZN 3OAK Top holdings2015-12-31 1.BRK-B 2.AMZN 3.OAK 4.SPY 5.G 6.JD 7.GOOGL 8.PM 9.BND 10.DXJ
2015-09-30	218	$673.9M	47	1BRK-B 2AMZN 3OAK Top holdings2015-09-30 1.BRK-B 2.AMZN 3.OAK 4.SPY 5.G 6.Z 7.PM 8.BND 9.ENOV 10.JD
2015-06-30	241	$719.7M	36	1AMZN 2BRK-B 3OAK Top holdings2015-06-30 1.AMZN 2.BRK-B 3.OAK 4.SPY 5.ZG 6.ENOV 7.JD 8.PM 9.984305 10.G
2015-03-31	236	$638.4M	49	1BRK-B 2AMZN 3OAK Top holdings2015-03-31 1.BRK-B 2.AMZN 3.OAK 4.ZG 5.SPY 6.G 7.984305 8.BND 9.NFE 10.VEA
2014-12-31	246	$598.8M	56	1BRK-B 2AMZN 3OAK Top holdings2014-12-31 1.BRK-B 2.AMZN 3.OAK 4.SPY 5.Z 6.984305 7.G 8.92763A 9.BND 10.VEA
2014-09-30	252	$652.6M	38	1BRK-B 2Z3897888 Top holdings2014-09-30 1.BRK-B 2.Z 3.897888 4.SPY 5.AMZN 6.OAK 7.984305 8.92763A 9.G 10.BND
2014-06-30	238	$660.0M	50	1BRK-B 2Z3897888 Top holdings2014-06-30 1.BRK-B 2.Z 3.897888 4.SPY 5.AMZN 6.G 7.OAK 8.ABX 9.VEA 10.BND
2014-03-31	235	$638.7M	57	1BRK-B 2Z 3SPY Top holdings2014-03-31 1.BRK-B 2.Z 3.SPY 4.897888 5.OAK 6.92209W 7.VEA 8.BND 9.SCHW 10.GOOG
2013-12-31	219	$495.5M	57	1BRK-B 2Z 3SPY Top holdings2013-12-31 1.BRK-B 2.Z 3.SPY 4.897888 5.OAK 6.GOOG 7.BND 8.AIG 9.SGOL 10.ABX
2013-09-30	185	$399.0M	44	1BRK-B 2Z3897888 Top holdings2013-09-30 1.BRK-B 2.Z 3.897888 4.BND 5.GOOG 6.OAK 7.SPY 8.SMHC 9.META 10.RFPUSD
2013-06-30	164	$359.7M	0	1BRK-B 2Z 3BND Top holdings2013-06-30 1.BRK-B 2.Z 3.BND 4.897888 5.OAK 6.GOOG 7.SPY 8.SMHC 9.EPD 10.45841V

Holding changes this quarter

Global Endowment Management, LP's most significant position changes for 2026-03-31: Sold out: Vanguard Intermediate-term T (VGIT); Sold out: Vanguard Long-term Treasury (VGLT); New buy: Wisdomtree Japan Hedged Eq (DXJ); New buy: Alamos Gold Inc-class A (AGI); New buy: Ishares Expanded Tech-softwa (IGV).

Position changes disclosed by Global Endowment Management, LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VT	Vanguard Tot World Stk ETF	+9.9%	+209.47%	Add
2	AGG	Ishares Core U.s. Aggregate	+2%	+137.00%	Add
3	VXUS	Vanguard Total Intl Stock	+1.2%	+20.79%	Add
4	DJP	Ipath Bloomberg Commodity In	+0.4%	+31.37%	Add
5	IYR	Ishares US Real Estate ETF	+0.3%	+28.35%	Add
6	TIP	Ishares Tips Bond ETF	+0.2%	+35.09%	Add
7	VTI	Vanguard Total Stock Mkt ETF	+0.2%	+18.77%	Add
8	VGK	Vanguard Ftse Europe ETF	+0.2%	+400.00%	Add
9	CVLC	Calvert US L-c Cr Resp Index	+0.1%	+46.53%	Add
10	EAGG	Ishares Esg Aware US Aggrega	+0.1%	+37.40%	Add
11	DBC	Invesco Db Commodity Index T	+0.1%	+5.33%	Add
12	SPIB	Ss Spdr P Int C CORP ETF	+0.1%	+83.16%	Add
13	SPDW	Ste Str Spdr Pt Dw EU ETF	0%	+17.14%	Add
14	EWJ	Ishares Msci Japan ETF	0%	+9.59%	Add
15	FLKR	Franklin Ftse South Korea	0%	+16.88%	Add
16	ASHR	Xtrackers Harvest Csi 300 Ch	0%	+100.00%	Add
17	SYRE	Spyre Therapeutics INC	0%	—	Unchanged
18	SPAB	Ss Spdr P Agg Bond ETF	0%	+14.59%	Add
19	GDX	Vaneck Gold Miners ETF	0%	—	Unchanged
20	XLK	Ss Technology Select Sector	-0.1%	-33.33%	Trim
21	SCHG	Schwab US Large-cap Growth	-0.1%	-29.62%	Trim
22	V	Visa Inc-class A Shares	-0.1%	-36.99%	Trim
23	CVNA	Carvana Co	-0.1%	-18.34%	Trim
24	PHYS	Sprott Physical Gold Trust	-0.1%	—	Unchanged
25	EWY	Ishares Msci South Korea ETF	-0.1%	-55.56%	Trim
26	AVGO	Broadcom INC	-0.1%	-25.34%	Trim
27	LTPZ	Pimco 15+ Yr US Tips Indx	-0.1%	-33.33%	Trim
28	KWEB	Kranesh Csi China Internet	-0.1%	—	Unchanged
29	VNQ	Vanguard Real Estate ETF	-0.1%	-16.05%	Trim
30	XLV	Ss Health Care Select Sector	-0.2%	—	Unchanged
31	AAPL	Apple INC	-0.5%	—	Unchanged
32	NVDA	Nvidia CORP	-0.5%	—	Unchanged
33	GOOGL	Alphabet Inc-cl A	-0.7%	—	Unchanged
34	MSFT	Microsoft CORP	-1%	-1.19%	Trim
35	BBRE	JPM Betabldrs Msci US Reit	-1.2%	-13.12%	Trim
36	TXO	Txo Partners LP	-2%	-82.13%	Trim
37	BND	Vanguard Total Bond Market	-5.1%	-20.65%	Trim
38	VGIT	Vanguard Intermediate-term T	—	EXIT	Sold out
39	VGLT	Vanguard Long-term Treasury	—	EXIT	Sold out
40	DXJ	Wisdomtree Japan Hedged Eq	—	NEW	New buy
41	AGI	Alamos Gold Inc-class A	—	NEW	New buy
42	IGV	Ishares Expanded Tech-softwa	—	NEW	New buy
43	RGLD	Royal Gold INC	—	EXIT	Sold out
44	EWT	Ishares Msci Taiwan ETF	—	EXIT	Sold out
45	XSW	Ss Spdr S&p Soft & Serv ETF	—	EXIT	Sold out
46	PFIX	Simplify Interest Rate Hedge	—	EXIT	Sold out
47	PPLI	People INC	—	EXIT	Sold out
48	USO	United States Oil Fund LP	—	EXIT	Sold out
49	XOP	Ss Spdr S&p Og Exp & Prod	—	EXIT	Sold out
50	SOLS	Solstice Adv Materials INC	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-14	13F-HR	View on EDGAR
2025-12-31	2026-02-13	13F-HR	View on EDGAR
2025-09-30	2025-11-13	13F-HR	View on EDGAR
2025-06-30	2025-08-13	13F-HR	View on EDGAR
2025-03-31	2025-05-13	13F-HR	View on EDGAR
2024-12-31	2025-02-13	13F-HR	View on EDGAR
2024-09-30	2024-11-13	13F-HR	View on EDGAR
2024-06-30	2024-08-13	13F-HR	View on EDGAR
2024-03-31	2024-05-13	13F-HR	View on EDGAR
2023-12-31	2024-02-12	13F-HR	View on EDGAR
2023-09-30	2023-11-13	13F-HR	View on EDGAR
2023-06-30	2023-08-11	13F-HR	View on EDGAR
2023-03-31	2023-05-12	13F-HR	View on EDGAR
2022-12-31	2023-02-13	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-12	13F-HR	View on EDGAR
2022-03-31	2022-05-13	13F-HR	View on EDGAR
2021-12-31	2022-02-10	13F-HR	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-10	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-11	13F-HR	View on EDGAR
2020-09-30	2020-11-13	13F-HR	View on EDGAR
2020-06-30	2020-08-13	13F-HR	View on EDGAR
2020-03-31	2020-05-14	13F-HR	View on EDGAR
2019-12-31	2020-02-12	13F-HR	View on EDGAR
2019-09-30	2019-11-13	13F-HR	View on EDGAR
2019-06-30	2019-08-12	13F-HR	View on EDGAR
2019-03-31	2019-05-14	13F-HR	View on EDGAR
2018-12-31	2019-02-12	13F-HR	View on EDGAR
2018-09-30	2018-11-09	13F-HR	View on EDGAR
2018-06-30	2018-08-10	13F-HR	View on EDGAR
2018-03-31	2018-05-11	13F-HR	View on EDGAR
2017-12-31	2018-02-12	13F-HR	View on EDGAR
2017-09-30	2017-11-13	13F-HR	View on EDGAR
2017-06-30	2017-08-11	13F-HR	View on EDGAR
2017-03-31	2017-05-12	13F-HR	View on EDGAR
2016-12-31	2017-02-13	13F-HR	View on EDGAR
2016-09-30	2016-11-18	Amendment	View on EDGAR
2016-09-30	2016-11-10	13F-HR	View on EDGAR
2016-06-30	2016-08-12	13F-HR	View on EDGAR
2016-03-31	2016-05-13	13F-HR	View on EDGAR
2015-12-31	2016-02-12	13F-HR	View on EDGAR
2015-09-30	2015-11-09	13F-HR	View on EDGAR
2015-06-30	2015-08-13	13F-HR	View on EDGAR
2015-03-31	2015-05-14	13F-HR	View on EDGAR
2014-12-31	2015-02-17	13F-HR	View on EDGAR
2014-09-30	2014-11-13	13F-HR	View on EDGAR
2014-06-30	2014-08-13	13F-HR	View on EDGAR
2014-03-31	2014-05-15	13F-HR	View on EDGAR
2013-12-31	2014-02-13	13F-HR	View on EDGAR
2013-09-30	2013-11-14	13F-HR	View on EDGAR
2013-06-30	2013-08-13	13F-HR	View on EDGAR

FAQ

What is Global Endowment Management, LP and what type of investor is it?

Global Endowment Management, LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $896.1M, spread across 126 disclosed positions.

What are Global Endowment Management, LP's largest equity positions?

Based on the latest 13F filing, Global Endowment Management, LP's top holdings by market value are: 1. Vanguard Tot World Stk ETF (VT) — $140.9M (15.7%) 2. Vanguard Total Intl Stock (VXUS) — $111.0M (12.4%) 3. Vanguard Total Bond Market (BND) — $109.8M (12.3%) 4. Vanguard Total Stock Mkt ETF (VTI) — $107.3M (12.0%) 5. JPM Betabldrs Msci US Reit (BBRE) — $41.8M (4.7%)

What changes did Global Endowment Management, LP make in its most recent portfolio filing?

In the latest reported quarter, Global Endowment Management, LP made 42 notable position adjustments: 4 new positions were initiated, 17 existing holdings were added to, 12 positions were partially reduced, and 9 were completely exited. The largest of these moves: Sold out: Vanguard Intermediate-term T (VGIT); Sold out: Vanguard Long-term Treasury (VGLT); New buy: Wisdomtree Japan Hedged Eq (DXJ); New buy: Alamos Gold Inc-class A (AGI); New buy: Ishares Expanded Tech-softwa (IGV)

What sectors does Global Endowment Management, LP focus on?

Global Endowment Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 57.0% • Communication Services: 28.2% • Financials: 5.0% • Consumer Discretionary: 5.0% • Materials: 1.5% • Health Care: 1.3%

Peer Institutions

Institutions with a similar AUM

IAG Wealth Partners, LLC

CIK 0001827261

Total reported value

$895.9M

509 stks

2026-03-31

Concentration11.9

Portfolio Stability9.1

Sector conviction53.4

AUM within 0.0% of this institution

View detail

Water Island Capital LLC

CIK 0001222765

Total reported value

$895.6M

98 stks

2026-03-31

Concentration11.9

Portfolio Stability100.0

Sector conviction54.8

AUM within 0.1% of this institution

View detail

First Turn Management, LLC

CIK 0001993440

Total reported value

$895.1M

33 stks

2026-03-31

Concentration15.2

Portfolio Stability42.4

Sector conviction100.0

AUM within 0.1% of this institution

View detail

Similar Holdings Style

Institutions with overlapping top holdings

Vanguard Advisers INC

CIK 0000947529

Total reported value

$25.5B

668 stks

2026-03-31

Concentration94.4

Portfolio Stability0.0

Sector conviction71.9

3 of the top 5 holdings overlap, including Vanguard Total Stock Mkt ETF

View detail

Verus Financial Partners, Inc.

CIK 0001481714

Total reported value

$1.1B

121 stks

2026-03-31

Concentration38.5

Portfolio Stability5.4

Sector conviction50.0

3 of the top 5 holdings overlap, including Vanguard Total Stock Mkt ETF

View detail

Burrus Financial Services, INC.

CIK 0001573947

Total reported value

$218.5M

11 stks

2026-03-31

Concentration84.5

Portfolio Stability31.4

Sector conviction100.0

3 of the top 5 holdings overlap, including Vanguard Total Bond Market

View detail

Global Endowment Management, LP's SEC 13F Portfolio ($896.1M)

CIK: 0001512237

Diversified strategySector-focusedMomentum follower

Total reported value

$896.1M

Reporting period: 2026-03-31 · Number of holdings: 126

Global Endowment Management, LP disclosed 126 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $896.1M and a quarterly turnover rate of 30.1%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "G"

Personality snowflake

Concentration: 31.42
Portfolio Stability: 30.14
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 100
Sizing Uniformity: 70.05

Position sizes vary widely across the portfolio (a coefficient of variation of 2.99), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Add VT
+209.5%　$94.5M
Trim BND
-20.7%　-$29.4M
Trim TXO
-82.1%　-$15.7M
Add AGG
+137.0%　$19.1M
Add VXUS
+20.8%　$21.1M
Trim BBRE
-13.1%　-$4.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	VT	Vanguard Tot World Stk ETF	ETF-Other	15.72%	+9.92%	+209.47%
2	VXUS	Vanguard Total Intl Stock	ETF-Other	12.39%	+1.17%	+20.79%
3	BND	Vanguard Total Bond Market	ETF-Other	12.25%	-5.12%	-20.65%
4	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	11.97%	+0.18%	+18.77%
5	BBRE	JPM Betabldrs Msci US Reit	ETF-Other	4.66%	-1.15%	-13.12%
6	AGG	Ishares Core U.s. Aggregate	ETF-Other	3.71%	+1.95%	+137.00%
7	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	3.21%	-0.70%	—
8	NVDA	Nvidia CORP	Stock-Tech	2.42%	-0.48%	—
9	AAPL	Apple INC	Stock-Tech	2.24%	-0.45%	—
10	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	2.17%	—	+3.43%
11	IYR	Ishares US Real Estate ETF	ETF-Other	2.15%	+0.29%	+28.35%
12	MSFT	Microsoft CORP	Stock-Tech	2.07%	-0.99%	-1.19%
13	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	1.80%	—	—
14	AAXJ	Ishares Msci All Country Asi	ETF-Other	1.70%	—	-4.50%
15	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	1.69%	—	+3.30%
16	PHYS	Sprott Physical Gold Trust	Stock-Other	1.57%	-0.06%	—
17	TIP	Ishares Tips Bond ETF	ETF-Other	1.24%	+0.22%	+35.09%
18	EWJ	Ishares Msci Japan ETF	ETF-Other	1.16%	+0.03%	+9.59%
19	SCHX	Schwab US Large-cap ETF	ETF-Other	1.11%	—	+6.61%
20	DJP	Ipath Bloomberg Commodity In	ETF-Commodities	1.07%	+0.36%	+31.37%
21	XLV	Ss Health Care Select Sector	ETF-Other	1.01%	-0.18%	—
22	CVLC	Calvert US L-c Cr Resp Index	ETF-Large Cap & Growth	0.55%	+0.11%	+46.53%
23	SPDW	Ste Str Spdr Pt Dw EU ETF	ETF-Other	0.54%	+0.04%	+17.14%
24	GDX	Vaneck Gold Miners ETF	ETF-Commodities	0.51%	-0.03%	—
25	SPAB	Ss Spdr P Agg Bond ETF	ETF-Other	0.49%	+0.01%	+14.59%
26	TXO	Txo Partners LP	Stock-Other	0.47%	-2.02%	-82.13%
27	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.42%	—	—
28	JNK	Ss Spdr Bb High Yield Bond	ETF-High Yield	0.38%	—	—
29	SHY	Ishares 1-3 Year Treasury Bo	ETF-Gov Bonds	0.37%	—	—
30	EAGG	Ishares Esg Aware US Aggrega	ETF-Other	0.36%	+0.06%	+37.40%
31	VEA	Vanguard Ftse Developed ETF	ETF-Other	0.34%	—	—
32	BNDX	Vanguard Total Intl Bond ETF	ETF-Other	0.32%	—	+6.21%
33	VNQ	Vanguard Real Estate ETF	ETF-Other	0.32%	-0.10%	-16.05%
34	DBC	Invesco Db Commodity Index T	ETF-Commodities	0.30%	+0.05%	+5.33%
35	AMZN	Amazon.com INC	Stock-Consumer Disc	0.29%	—	+1.38%
36	IEI	Ishares 3-7 Year Treasury Bo	ETF-Gov Bonds	0.26%	—	—
37	EWU	Ishares Msci United Kingdom	ETF-Other	0.25%	—	—
38	KWEB	Kranesh Csi China Internet	ETF-Emerging Markets	0.24%	-0.09%	—
39	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	ETF-High Yield	0.24%	—	—
40	SPEM	State Street Sp Ptf Em ETF	ETF-Other	0.23%	—	+8.67%
41	VGK	Vanguard Ftse Europe ETF	ETF-Other	0.23%	+0.18%	+400.00%
42	META	Meta Platforms Inc-class A	Stock-Comm Services	0.21%	—	+4.72%
43	EWP	Ishares Msci Spain ETF	ETF-Other	0.18%	—	—
44	DXJ	Wisdomtree Japan Hedged Eq	ETF-Other	0.18%	+0.18%	NEW
45	ANGL	Vaneck Fallen Angel High Yld	ETF-Other	0.16%	—	—
46	FLKR	Franklin Ftse South Korea	ETF-Other	0.15%	+0.03%	+16.88%
47	EWG	Ishares Msci Germany ETF	ETF-Other	0.15%	—	—
48	SPIB	Ss Spdr P Int C CORP ETF	ETF-Other	0.14%	+0.05%	+83.16%
49	EWA	Ishares Msci Australia ETF	ETF-Other	0.12%	—	—
50	FEZ	State Street Spdr Euro Stoxx	ETF-Other	0.12%	—	—

1–50 of 126

Portfolio Performance

Performance for Q3 2026

+1.5%

Performance Last 4 Quarters

+15%

Based on 80% of reported portfolio value with available pricing

Stdev: +9.4%
Beta: +0.65
Alpha: -0.2%
Max Drawdown: -5.7%
Annualized Perf: +11.9%
Batting Avg vs S&P: +30.6%
Sortino: +2.42
Stutzer: +0.37
Treynor: +0.18
Sterling: +0.83
Calmar: +2.08
Information Ratio: -1.09
Tracking Error: +6.2%
Stdev Down: +4.9%
Winning Months %: +63.9%
Losing Months %: +36.1%
Best 12 Months: +23.2%
Worst 12 Months: +7.3%
Efficiency Ratio: +0.47
Sharpe: +1.25
Stdev Sectors: +17.6%
Skewness: +0.01
Kurtosis: -0.23
Upside Potential: +4.14

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	126	$896.1M	30	1VT 2VXUS 3BND Top holdings2026-03-31 1.VT 2.VXUS 3.BND 4.VTI 5.BBRE 6.AGG 7.GOOGL 8.NVDA 9.AAPL 10.SPY
2025-12-31	138	$801.1M	13	1BND 2VTI 3VXUS Top holdings2025-12-31 1.BND 2.VTI 3.VXUS 4.BBRE 5.VT 6.GOOGL 7.MSFT 8.NVDA 9.AAPL 10.TXO
2025-09-30	128	$798.6M	31	1BND 2VTI 3VXUS Top holdings2025-09-30 1.BND 2.VTI 3.VXUS 4.VT 5.TXO 6.BBRE 7.MSFT 8.GOOGL 9.NVDA 10.AAPL
2025-06-30	128	$751.2M	0	1BND 2VTI 3VXUS Top holdings2025-06-30 1.BND 2.VTI 3.VXUS 4.SPY 5.VT 6.BBRE 7.TXO 8.NVDA 9.AAPL 10.VWO
2025-03-31	142	$769.3M	100	1BND 2VTI 3VXUS Top holdings2025-03-31 1.BND 2.VTI 3.VXUS 4.BBRE 5.SPY 6.TXO 7.VT 8.AAPL 9.VWO 10.NVDA
2024-12-31	140	$781.8M	0	1BND 2VTI 3VXUS Top holdings2024-12-31 1.BND 2.VTI 3.VXUS 4.BBRE 5.TXO 6.VT 7.AAPL 8.NVDA 9.VWO 10.VOO
2024-09-30	131	$990.2M	0	1BND 2VXUS 3VTI Top holdings2024-09-30 1.BND 2.VXUS 3.VTI 4.BBRE 5.TXO 6.CVNA 7.VT 8.META 9.AAPL 10.NVDA
2024-06-30	122	$944.9M	0	1BND 2VXUS 3VTI Top holdings2024-06-30 1.BND 2.VXUS 3.VTI 4.BBRE 5.SPY 6.TXO 7.VT 8.AAPL 9.NVDA 10.VWO
2024-03-31	128	$959.8M	0	1BND 2VXUS 3VTI Top holdings2024-03-31 1.BND 2.VXUS 3.VTI 4.BBRE 5.SPY 6.TXO 7.VT 8.XLV 9.EWJ 10.XLP
2023-12-31	127	$898.4M	0	1BND 2VXUS 3VTI Top holdings2023-12-31 1.BND 2.VXUS 3.VTI 4.BBRE 5.SPY 6.TXO 7.XLV 8.AAPL 9.EWJ 10.XLP
2023-09-30	118	$934.4M	0	1BND 2VXUS 3VTI Top holdings2023-09-30 1.BND 2.VXUS 3.VTI 4.SPY 5.TXO 6.BBRE 7.XLV 8.XLP 9.VWO 10.VOO
2023-06-30	85	$842.0M	0	1BND 2VXUS 3VTI Top holdings2023-06-30 1.BND 2.VXUS 3.VTI 4.SPY 5.BBRE 6.XLV 7.XLP 8.VWO 9.VOO 10.VT
2023-03-31	103	$939.3M	0	1BND 2VXUS 3VTI Top holdings2023-03-31 1.BND 2.VXUS 3.VTI 4.SPY 5.BBRE 6.MGC 7.AMZN 8.XLV 9.XLP 10.VWO
2022-12-31	107	$902.8M	0	1BND 2VXUS 3VTI Top holdings2022-12-31 1.BND 2.VXUS 3.VTI 4.SPY 5.AMZN 6.BBRE 7.MGC 8.VWO 9.MLPX 10.VT
2022-09-30	111	$991.0M	0	1BND 2AMZN 3VTI Top holdings2022-09-30 1.BND 2.AMZN 3.VTI 4.MGC 5.VXUS 6.SPY 7.BBRE 8.GOOGL 9.META 10.AAPL
2022-06-30	123	$1.1B	0	1BND 2AMZN 3VTI Top holdings2022-06-30 1.BND 2.AMZN 3.VTI 4.MGC 5.VXUS 6.SPY 7.BBRE 8.VNQ 9.GOOGL 10.META
2022-03-31	118	$1.4B	0	1BND 2AMZN 3VTI Top holdings2022-03-31 1.BND 2.AMZN 3.VTI 4.MGC 5.GOOGL 6.SPY 7.VXUS 8.BBRE 9.Z 10.MSFT
2021-12-31	116	$1.4B	0	1BND 2VTI 3MGC Top holdings2021-12-31 1.BND 2.VTI 3.MGC 4.SPY 5.META 6.GOOGL 7.VXUS 8.AMZN 9.BBRE 10.GDDY
2021-09-30	111	$1.5B	0	1BRK-B 2BND 3VTI Top holdings2021-09-30 1.BRK-B 2.BND 3.VTI 4.MGC 5.SPY 6.VXUS 7.META 8.GDDY 9.GOOGL 10.G
2021-06-30	113	$1.8B	95	1BRK-B 2MGC 3VTI Top holdings2021-06-30 1.BRK-B 2.MGC 3.VTI 4.BND 5.LNWO 6.SPY 7.META 8.GDDY 9.VXUS 10.VNQ
2021-03-31	106	$1.6B	16	1BRK-B 2MGC 3VTI Top holdings2021-03-31 1.BRK-B 2.MGC 3.VTI 4.BND 5.SPY 6.LNWO 7.META 8.BBRE 9.GDDY 10.VXUS
2020-12-31	127	$1.5B	24	1BRK-B 2VTI 3BND Top holdings2020-12-31 1.BRK-B 2.VTI 3.BND 4.MGC 5.SPY 6.LNWO 7.META 8.VXUS 9.BBRE 10.VNQ
2020-09-30	120	$1.3B	29	1BRK-B 2VTI 3BND Top holdings2020-09-30 1.BRK-B 2.VTI 3.BND 4.MGC 5.SPY 6.VXUS 7.BBRE 8.VNQ 9.META 10.GDX
2020-06-30	107	$1.3B	25	1BRK-B 2VTI 3MGC Top holdings2020-06-30 1.BRK-B 2.VTI 3.MGC 4.BND 5.AMZN 6.META 7.VXUS 8.CACC 9.WIX 10.SPY
2020-03-31	103	$1.1B	40	1BRK-B 2BND 3VTI Top holdings2020-03-31 1.BRK-B 2.BND 3.VTI 4.MGC 5.AMZN 6.VXUS 7.SPY 8.META 9.BBRE 10.CACC
2019-12-31	102	$1.4B	40	1VTI 2BRK-B 3BND Top holdings2019-12-31 1.VTI 2.BRK-B 3.BND 4.BBRE 5.MGC 6.AMZN 7.VXUS 8.SPY 9.VWO 10.G
2019-09-30	94	$1.1B	34	1VTI 2BRK-B 3BND Top holdings2019-09-30 1.VTI 2.BRK-B 3.BND 4.VXUS 5.AMZN 6.SPY 7.BBRE 8.G 9.BOLDEUR 10.CACC
2019-06-30	173	$1.0B	71	1BRK-B 2BND 3VTI Top holdings2019-06-30 1.BRK-B 2.BND 3.VTI 4.AMZN 5.VXUS 6.SPY 7.G 8.Z 9.BBRE 10.BOLDEUR
2019-03-31	207	$707.7M	47	1BRK-B 2AMZN 3SPY Top holdings2019-03-31 1.BRK-B 2.AMZN 3.SPY 4.G 5.CACC 6.BOLDEUR 7.Z 8.V 9.BBRE 10.META
2018-12-31	155	$468.1M	66	1BRK-B 2AMZN 3SPY Top holdings2018-12-31 1.BRK-B 2.AMZN 3.SPY 4.G 5.Z 6.CACC 7.BOLDEUR 8.GDX 9.V 10.IEF
2018-09-30	223	$754.5M	33	1BRK-B 2AMZN 3SPY Top holdings2018-09-30 1.BRK-B 2.AMZN 3.SPY 4.CACC 5.META 6.Z 7.G 8.GOOGL 9.DXJ 10.V
2018-06-30	224	$764.0M	31	1BRK-B 2AMZN 3SPY Top holdings2018-06-30 1.BRK-B 2.AMZN 3.SPY 4.CACC 5.Z 6.META 7.G 8.GOOGL 9.DXJ 10.V
2018-03-31	223	$694.3M	32	1BRK-B 2AMZN 3SPY Top holdings2018-03-31 1.BRK-B 2.AMZN 3.SPY 4.CACC 5.Z 6.G 7.DXJ 8.GOOGL 9.META 10.VWO
2017-12-31	212	$685.7M	28	1BRK-B 2AMZN 3SPY Top holdings2017-12-31 1.BRK-B 2.AMZN 3.SPY 4.CACC 5.OAK 6.G 7.GOOGL 8.Z 9.DXJ 10.VWO
2017-09-30	237	$709.5M	35	1BRK-B 2AMZN 3SPY Top holdings2017-09-30 1.BRK-B 2.AMZN 3.SPY 4.CACC 5.OAK 6.G 7.Z 8.GOOGL 9.DXJ 10.BND
2017-06-30	244	$734.5M	28	1BRK-B 2AMZN 3OAK Top holdings2017-06-30 1.BRK-B 2.AMZN 3.OAK 4.SPY 5.CACC 6.Z 7.G 8.PM 9.GOOGL 10.DXJ
2017-03-31	249	$687.1M	25	1BRK-B 2OAK 3AMZN Top holdings2017-03-31 1.BRK-B 2.OAK 3.AMZN 4.SPY 5.GOOGL 6.PM 7.CACC 8.G 9.Z 10.BND
2016-12-31	256	$643.8M	39	1BRK-B 2OAK 3AMZN Top holdings2016-12-31 1.BRK-B 2.OAK 3.AMZN 4.SPY 5.GOOGL 6.CACC 7.G 8.Z 9.PM 10.BND
2016-09-30	218	$603.4M	38	1BRK-B 2AMZN 3OAK Top holdings2016-09-30 1.BRK-B 2.AMZN 3.OAK 4.SPY 5.GOOGL 6.CACC 7.G 8.PM 9.BND 10.Z
2016-06-30	211	$469.0M	24	1BRK-B 2AMZN 3SPY Top holdings2016-06-30 1.BRK-B 2.AMZN 3.SPY 4.OAK 5.G 6.PM 7.Z 8.BND 9.GOOGL 10.CACC
2016-03-31	215	$467.1M	38	1BRK-B 2AMZN 3OAK Top holdings2016-03-31 1.BRK-B 2.AMZN 3.OAK 4.SPY 5.G 6.PM 7.BND 8.GOOGL 9.ENOV 10.Z
2015-12-31	207	$543.9M	41	1BRK-B 2AMZN 3OAK Top holdings2015-12-31 1.BRK-B 2.AMZN 3.OAK 4.SPY 5.G 6.JD 7.GOOGL 8.PM 9.BND 10.DXJ
2015-09-30	218	$673.9M	47	1BRK-B 2AMZN 3OAK Top holdings2015-09-30 1.BRK-B 2.AMZN 3.OAK 4.SPY 5.G 6.Z 7.PM 8.BND 9.ENOV 10.JD
2015-06-30	241	$719.7M	36	1AMZN 2BRK-B 3OAK Top holdings2015-06-30 1.AMZN 2.BRK-B 3.OAK 4.SPY 5.ZG 6.ENOV 7.JD 8.PM 9.984305 10.G
2015-03-31	236	$638.4M	49	1BRK-B 2AMZN 3OAK Top holdings2015-03-31 1.BRK-B 2.AMZN 3.OAK 4.ZG 5.SPY 6.G 7.984305 8.BND 9.NFE 10.VEA
2014-12-31	246	$598.8M	56	1BRK-B 2AMZN 3OAK Top holdings2014-12-31 1.BRK-B 2.AMZN 3.OAK 4.SPY 5.Z 6.984305 7.G 8.92763A 9.BND 10.VEA
2014-09-30	252	$652.6M	38	1BRK-B 2Z3897888 Top holdings2014-09-30 1.BRK-B 2.Z 3.897888 4.SPY 5.AMZN 6.OAK 7.984305 8.92763A 9.G 10.BND
2014-06-30	238	$660.0M	50	1BRK-B 2Z3897888 Top holdings2014-06-30 1.BRK-B 2.Z 3.897888 4.SPY 5.AMZN 6.G 7.OAK 8.ABX 9.VEA 10.BND
2014-03-31	235	$638.7M	57	1BRK-B 2Z 3SPY Top holdings2014-03-31 1.BRK-B 2.Z 3.SPY 4.897888 5.OAK 6.92209W 7.VEA 8.BND 9.SCHW 10.GOOG
2013-12-31	219	$495.5M	57	1BRK-B 2Z 3SPY Top holdings2013-12-31 1.BRK-B 2.Z 3.SPY 4.897888 5.OAK 6.GOOG 7.BND 8.AIG 9.SGOL 10.ABX
2013-09-30	185	$399.0M	44	1BRK-B 2Z3897888 Top holdings2013-09-30 1.BRK-B 2.Z 3.897888 4.BND 5.GOOG 6.OAK 7.SPY 8.SMHC 9.META 10.RFPUSD
2013-06-30	164	$359.7M	0	1BRK-B 2Z 3BND Top holdings2013-06-30 1.BRK-B 2.Z 3.BND 4.897888 5.OAK 6.GOOG 7.SPY 8.SMHC 9.EPD 10.45841V

Holding changes this quarter

Position changes disclosed by Global Endowment Management, LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VT	Vanguard Tot World Stk ETF	+9.9%	+209.47%	Add
2	AGG	Ishares Core U.s. Aggregate	+2%	+137.00%	Add
3	VXUS	Vanguard Total Intl Stock	+1.2%	+20.79%	Add
4	DJP	Ipath Bloomberg Commodity In	+0.4%	+31.37%	Add
5	IYR	Ishares US Real Estate ETF	+0.3%	+28.35%	Add
6	TIP	Ishares Tips Bond ETF	+0.2%	+35.09%	Add
7	VTI	Vanguard Total Stock Mkt ETF	+0.2%	+18.77%	Add
8	VGK	Vanguard Ftse Europe ETF	+0.2%	+400.00%	Add
9	CVLC	Calvert US L-c Cr Resp Index	+0.1%	+46.53%	Add
10	EAGG	Ishares Esg Aware US Aggrega	+0.1%	+37.40%	Add
11	DBC	Invesco Db Commodity Index T	+0.1%	+5.33%	Add
12	SPIB	Ss Spdr P Int C CORP ETF	+0.1%	+83.16%	Add
13	SPDW	Ste Str Spdr Pt Dw EU ETF	0%	+17.14%	Add
14	EWJ	Ishares Msci Japan ETF	0%	+9.59%	Add
15	FLKR	Franklin Ftse South Korea	0%	+16.88%	Add
16	ASHR	Xtrackers Harvest Csi 300 Ch	0%	+100.00%	Add
17	SYRE	Spyre Therapeutics INC	0%	—	Unchanged
18	SPAB	Ss Spdr P Agg Bond ETF	0%	+14.59%	Add
19	GDX	Vaneck Gold Miners ETF	0%	—	Unchanged
20	XLK	Ss Technology Select Sector	-0.1%	-33.33%	Trim
21	SCHG	Schwab US Large-cap Growth	-0.1%	-29.62%	Trim
22	V	Visa Inc-class A Shares	-0.1%	-36.99%	Trim
23	CVNA	Carvana Co	-0.1%	-18.34%	Trim
24	PHYS	Sprott Physical Gold Trust	-0.1%	—	Unchanged
25	EWY	Ishares Msci South Korea ETF	-0.1%	-55.56%	Trim
26	AVGO	Broadcom INC	-0.1%	-25.34%	Trim
27	LTPZ	Pimco 15+ Yr US Tips Indx	-0.1%	-33.33%	Trim
28	KWEB	Kranesh Csi China Internet	-0.1%	—	Unchanged
29	VNQ	Vanguard Real Estate ETF	-0.1%	-16.05%	Trim
30	XLV	Ss Health Care Select Sector	-0.2%	—	Unchanged
31	AAPL	Apple INC	-0.5%	—	Unchanged
32	NVDA	Nvidia CORP	-0.5%	—	Unchanged
33	GOOGL	Alphabet Inc-cl A	-0.7%	—	Unchanged
34	MSFT	Microsoft CORP	-1%	-1.19%	Trim
35	BBRE	JPM Betabldrs Msci US Reit	-1.2%	-13.12%	Trim
36	TXO	Txo Partners LP	-2%	-82.13%	Trim
37	BND	Vanguard Total Bond Market	-5.1%	-20.65%	Trim
38	VGIT	Vanguard Intermediate-term T	—	EXIT	Sold out
39	VGLT	Vanguard Long-term Treasury	—	EXIT	Sold out
40	DXJ	Wisdomtree Japan Hedged Eq	—	NEW	New buy
41	AGI	Alamos Gold Inc-class A	—	NEW	New buy
42	IGV	Ishares Expanded Tech-softwa	—	NEW	New buy
43	RGLD	Royal Gold INC	—	EXIT	Sold out
44	EWT	Ishares Msci Taiwan ETF	—	EXIT	Sold out
45	XSW	Ss Spdr S&p Soft & Serv ETF	—	EXIT	Sold out
46	PFIX	Simplify Interest Rate Hedge	—	EXIT	Sold out
47	PPLI	People INC	—	EXIT	Sold out
48	USO	United States Oil Fund LP	—	EXIT	Sold out
49	XOP	Ss Spdr S&p Og Exp & Prod	—	EXIT	Sold out
50	SOLS	Solstice Adv Materials INC	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-14	13F-HR	View on EDGAR
2025-12-31	2026-02-13	13F-HR	View on EDGAR
2025-09-30	2025-11-13	13F-HR	View on EDGAR
2025-06-30	2025-08-13	13F-HR	View on EDGAR
2025-03-31	2025-05-13	13F-HR	View on EDGAR
2024-12-31	2025-02-13	13F-HR	View on EDGAR
2024-09-30	2024-11-13	13F-HR	View on EDGAR
2024-06-30	2024-08-13	13F-HR	View on EDGAR
2024-03-31	2024-05-13	13F-HR	View on EDGAR
2023-12-31	2024-02-12	13F-HR	View on EDGAR
2023-09-30	2023-11-13	13F-HR	View on EDGAR
2023-06-30	2023-08-11	13F-HR	View on EDGAR
2023-03-31	2023-05-12	13F-HR	View on EDGAR
2022-12-31	2023-02-13	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-12	13F-HR	View on EDGAR
2022-03-31	2022-05-13	13F-HR	View on EDGAR
2021-12-31	2022-02-10	13F-HR	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-10	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-11	13F-HR	View on EDGAR
2020-09-30	2020-11-13	13F-HR	View on EDGAR
2020-06-30	2020-08-13	13F-HR	View on EDGAR
2020-03-31	2020-05-14	13F-HR	View on EDGAR
2019-12-31	2020-02-12	13F-HR	View on EDGAR
2019-09-30	2019-11-13	13F-HR	View on EDGAR
2019-06-30	2019-08-12	13F-HR	View on EDGAR
2019-03-31	2019-05-14	13F-HR	View on EDGAR
2018-12-31	2019-02-12	13F-HR	View on EDGAR
2018-09-30	2018-11-09	13F-HR	View on EDGAR
2018-06-30	2018-08-10	13F-HR	View on EDGAR
2018-03-31	2018-05-11	13F-HR	View on EDGAR
2017-12-31	2018-02-12	13F-HR	View on EDGAR
2017-09-30	2017-11-13	13F-HR	View on EDGAR
2017-06-30	2017-08-11	13F-HR	View on EDGAR
2017-03-31	2017-05-12	13F-HR	View on EDGAR
2016-12-31	2017-02-13	13F-HR	View on EDGAR
2016-09-30	2016-11-18	Amendment	View on EDGAR
2016-09-30	2016-11-10	13F-HR	View on EDGAR
2016-06-30	2016-08-12	13F-HR	View on EDGAR
2016-03-31	2016-05-13	13F-HR	View on EDGAR
2015-12-31	2016-02-12	13F-HR	View on EDGAR
2015-09-30	2015-11-09	13F-HR	View on EDGAR
2015-06-30	2015-08-13	13F-HR	View on EDGAR
2015-03-31	2015-05-14	13F-HR	View on EDGAR
2014-12-31	2015-02-17	13F-HR	View on EDGAR
2014-09-30	2014-11-13	13F-HR	View on EDGAR
2014-06-30	2014-08-13	13F-HR	View on EDGAR
2014-03-31	2014-05-15	13F-HR	View on EDGAR
2013-12-31	2014-02-13	13F-HR	View on EDGAR
2013-09-30	2013-11-14	13F-HR	View on EDGAR
2013-06-30	2013-08-13	13F-HR	View on EDGAR