Global Endowment Management, LP

SEC CIK: 0001512237
Latest filing: Aug 14, 2026

SEC filings (opens in a new tab)

Holdings changes from Q2 2021 to Q3 2021

Long positions only; new, added, reduced and sold out are based on share counts. Pick any two quarters this institution filed.

New: 9; Est. +$25.6M
Added: 18; Est. +$60.6M
Reduced: 27; Est. −$213.4M
Sold out: 11; Est. −$106.8M

Portfolio value went from $1.78B to $1.52B (−$258.5M (−14.6%)); positions from 113 to 111 (−2).

All Q3 2021 holdings All Q2 2021 holdings

In the shares, value and % of portfolio columns, the top figure is Q3 2021 and the gray one below is Q2 2021. For stocks that split between the two quarters, Q2 2021 shares are converted at the split ratio before comparing.

Holdings of Global Endowment Management, LP in Q2 2021 and Q3 2021 compared
Security	Action	Shares	Share change	Value	Est. bought or sold	% of portfolio	Weight change (pp)
BRK.BBerkshire Hathaway Inc	ReducedHistory	830,5451,143,795	−313,250−27.4%	$226.7M$317.9M	−$85.5M	14.9%17.9%	−2.96
Vanguard Total Bond Market ETF921937835	Added–	2,555,6002,278,300	+277,300+12.2%	$218.4M$195.7M	+$23.7M	14.4%11.0%	+3.37
Vanguard Morningstar Total Stock Market ETF922908769	Reduced–	797,500879,320	−81,820−9.3%	$177.1M$195.9M	−$18.2M	11.7%11.0%	+0.64
Vanguard World FD921910873	Reduced–	943,7501,330,600	−386,850−29.1%	$143.8M$202.7M	−$59.0M	9.5%11.4%	−1.94
SPYSPDR S&P 500 ETF Trust	UnchangedHistory	147,000147,000	00.0%	$63.1M$62.9M	$0	4.2%3.5%	+0.61
Vanguard Star FDS921909768	Added–	739,500603,000	+136,500+22.6%	$46.8M$39.6M	+$8.64M	3.1%2.2%	+0.85
METAMeta Platforms, Inc.	ReducedHistory	126,003135,461	−9,458−7.0%	$42.8M$47.1M	−$3.21M	2.8%2.7%	+0.17
GDDYGoDaddy Inc.	ReducedHistory	493,016514,189	−21,173−4.1%	$34.4M$44.7M	−$1.48M	2.3%2.5%	−0.25
GOOGLAlphabet Inc.	AddedHistory	11,78310,360	+1,423+13.7%	$31.5M$25.3M	+$3.80M	2.1%1.4%	+0.65
GGenpact LTD	UnchangedHistory	630,950630,950	00.0%	$30.0M$28.7M	$0	2.0%1.6%	+0.36
J P Morgan Exchange-Traded F46641Q738	Reduced–	293,290368,190	−74,900−20.3%	$28.2M$35.3M	−$7.20M	1.9%2.0%	−0.13
CRMSalesforce, Inc.	AddedHistory	86,40366,430	+19,973+30.1%	$23.4M$16.2M	+$5.42M	1.5%0.9%	+0.63
VanEck ETF Trust92189F106	Added–	758,000748,000	+10,000+1.3%	$22.3M$25.4M	+$294.7K	1.5%1.4%	+0.04
MSFTMicrosoft Corp	AddedHistory	78,14470,616	+7,528+10.7%	$22.0M$19.1M	+$2.12M	1.5%1.1%	+0.37
Vanguard Real Estate ETF922908553	Reduced–	211,930386,200	−174,270−45.1%	$21.6M$39.3M	−$17.7M	1.4%2.2%	−0.79
CACCCredit Acceptance Corp	ReducedHistory	34,52135,694	−1,173−3.3%	$20.2M$16.2M	−$686.6K	1.3%0.9%	+0.42
NFLXNetflix Inc	AddedHistory	32,46815,422	+17,046+110.5%	$19.8M$8.15M	+$10.4M	1.3%0.5%	+0.85
Vanguard Ftse Emerging Markets ETF922042858	Unchanged–	337,700337,700	00.0%	$16.9M$18.3M	$0	1.1%1.0%	+0.08
KKRKKR & Co. Inc.	ReducedHistory	229,612293,664	−64,052−21.8%	$14.0M$17.4M	−$3.90M	0.9%1.0%	−0.06
FISVFiserv Inc	AddedHistory	128,12497,850	+30,274+30.9%	$13.9M$10.5M	+$3.28M	0.9%0.6%	+0.33
MNTVMomentive Global Inc.	ReducedHistory	696,299827,289	−130,990−15.8%	$13.6M$17.4M	−$2.57M	0.9%1.0%	−0.08
iShares Tips Bond ETF464287176	Added–	105,20096,030	+9,170+9.5%	$13.4M$12.3M	+$1.17M	0.9%0.7%	+0.19
CHTRCharter Communications, Inc.	ReducedHistory	18,32321,885	−3,562−16.3%	$13.3M$15.8M	−$2.59M	0.9%0.9%	−0.01
AONAon plc	ReducedHistory	42,60343,656	−1,053−2.4%	$12.2M$10.4M	−$300.9K	0.8%0.6%	+0.22
DGDollar General Corp	ReducedHistory	55,37957,405	−2,026−3.5%	$11.7M$12.4M	−$429.8K	0.8%0.7%	+0.07
APPAppLovin Corp	NewHistory	160,5950	+160,595	$11.6M$0	+$11.6M	0.8%0.0%	+0.77
ABTAbbott Laboratories	NewHistory	83,8760	+83,876	$9.91M$0	+$9.91M	0.7%0.0%	+0.65
PINGPing Identity Holding Corp.	ReducedHistory	393,265434,668	−41,403−9.5%	$9.66M$9.95M	−$1.02M	0.6%0.6%	+0.08
WIXWix.com Ltd.	ReducedHistory	48,44649,520	−1,074−2.2%	$9.49M$14.4M	−$210.5K	0.6%0.8%	−0.18
Arco Platform LtdG04553106	Added–	414,630406,273	+8,357+2.1%	$9.00M$12.5M	+$181.4K	0.6%0.7%	−0.11
SSNCSS&C Technologies Holdings Inc	ReducedHistory	128,390131,545	−3,155−2.4%	$8.91M$9.48M	−$219.0K	0.6%0.5%	+0.05
iShares Tr464287440	Unchanged–	74,87074,870	00.0%	$8.63M$8.65M	$0	0.6%0.5%	+0.08
ADPAutomatic Data Processing Inc	ReducedHistory	42,91451,009	−8,095−15.9%	$8.58M$10.1M	−$1.62M	0.6%0.6%	−0.01
Vanguard Ftse Developed Markets ETF921943858	Unchanged–	168,300168,300	00.0%	$8.50M$8.67M	$0	0.6%0.5%	+0.07
Invesco Exchange Traded FD T46137V258	Unchanged–	109,000109,000	00.0%	$8.26M$8.41M	$0	0.5%0.5%	+0.07
Vanguard Emerging Markets Government Bond ETF921946885	Unchanged–	104,000104,000	00.0%	$8.14M$8.30M	$0	0.5%0.5%	+0.07
SPDR Index Shs FDS78463X202	Unchanged–	169,500169,500	00.0%	$7.68M$7.94M	$0	0.5%0.4%	+0.06
TRUTransUnion	ReducedHistory	67,242101,265	−34,023−33.6%	$7.55M$11.1M	−$3.82M	0.5%0.6%	−0.13
Global X FDS37954Y293	Reduced–	199,600215,400	−15,800−7.3%	$7.16M$7.83M	−$567.1K	0.5%0.4%	+0.03
AMZNAmazon Com Inc	ReducedHistory	1,9232,123	−200−9.4%	$6.32M$7.30M	−$657.0K	0.4%0.4%	+0.01
BABAAlibaba Group Holding Ltd	ReducedHistory	40,68643,352	−2,666−6.1%	$6.02M$9.83M	−$394.7K	0.4%0.6%	−0.16
PHYSSprott Physical Gold Trust	UnchangedHistory	380,000380,000	00.0%	$5.24M$5.33M	$0	0.3%0.3%	+0.05
Vanguard S&P 500 ETF922908363	Reduced–	13,25713,362	−105−0.8%	$5.23M$5.26M	−$41.4K	0.3%0.3%	+0.05
GLDSPDR Gold Trust	UnchangedHistory	30,00030,000	00.0%	$4.93M$4.97M	$0	0.3%0.3%	+0.04
iShares Inc46434G822	Unchanged–	60,00060,000	00.0%	$4.21M$4.05M	$0	0.3%0.2%	+0.05
iShares Tr464287432	Unchanged–	27,01027,010	00.0%	$3.90M$3.90M	$0	0.3%0.2%	+0.04
iShares Tr464288661	Unchanged–	28,70028,700	00.0%	$3.74M$3.75M	$0	0.2%0.2%	+0.04
iShares Tr464288182	Reduced–	41,79342,264	−471−1.1%	$3.55M$3.99M	−$40.0K	0.2%0.2%	+0.01
iShares Tr46429B507	Unchanged–	54,40054,400	00.0%	$3.17M$3.12M	$0	0.2%0.2%	+0.03
Invesco Exch Traded FD Tr II46138G508	Reduced–	142,800155,500	−12,700−8.2%	$3.16M$3.44M	−$280.8K	0.2%0.2%	+0.01
Vanguard Materials ETF92204A801	Reduced–	14,40020,400	−6,000−29.4%	$2.49M$3.69M	−$1.04M	0.2%0.2%	−0.04
iShares Inc464286103	Unchanged–	90,60090,600	00.0%	$2.25M$2.35M	$0	0.1%0.1%	+0.02
Goldman Sachs ETF Tr381430545	Unchanged–	21,60021,600	00.0%	$2.13M$2.20M	$0	0.1%0.1%	+0.02
iShares MSCI India ETF46429B598	Unchanged–	40,00040,000	00.0%	$1.95M$1.77M	$0	0.1%0.1%	+0.03
DBX ETF Tr233051879	Added–	50,00045,260	+4,740+10.5%	$1.91M$1.83M	+$180.7K	0.1%0.1%	+0.02
iShares Inc464286772	Unchanged–	23,50023,500	00.0%	$1.90M$2.19M	$0	0.1%0.1%	0.00
JBGSJBG Smith Properties	AddedHistory	64,03660,503	+3,533+5.8%	$1.90M$1.91M	+$104.6K	0.1%0.1%	+0.02
HDBHDFC Bank Ltd	AddedHistory	25,58925,532	+57+0.2%	$1.87M$1.87M	+$4.17K	0.1%0.1%	+0.02
CPTCamden Property Trust	ReducedHistory	12,09515,404	−3,309−21.5%	$1.78M$2.04M	−$488.1K	0.1%0.1%	0.00
NIEVirtus Equity & Convertible Income Fund	UnchangedHistory	60,00060,000	00.0%	$1.77M$1.81M	$0	0.1%0.1%	+0.01
GBDCGolub Capital BDC, Inc.	UnchangedHistory	110,000110,000	00.0%	$1.74M$1.70M	$0	0.1%0.1%	+0.02
VanEck ETF Trust92189F437	Unchanged–	50,00050,000	00.0%	$1.65M$1.65M	$0	0.1%0.1%	+0.02
EICEagle Point Income Co	UnchangedHistory	93,65293,652	00.0%	$1.65M$1.51M	$0	0.1%0.1%	+0.02
iShares Inc464286509	Unchanged–	43,70043,700	00.0%	$1.59M$1.63M	$0	0.1%0.1%	+0.01
iShares Inc464286806	Unchanged–	46,46046,460	00.0%	$1.53M$1.61M	$0	0.1%0.1%	+0.01
iShares Inc464286749	Unchanged–	29,95029,950	00.0%	$1.40M$1.46M	$0	0.1%0.1%	+0.01
ZZillow Group, Inc.	UnchangedHistory	15,81815,818	00.0%	$1.39M$1.93M	$0	0.1%0.1%	−0.02
Healthcare Realty Trust Inc42225P501	New–	45,2130	+45,213	$1.34M$0	+$1.34M	0.1%0.0%	+0.09
iShares Tr46435G334	Unchanged–	40,00040,000	00.0%	$1.29M$1.31M	$0	0.1%0.1%	+0.01
iShares Inc464286400	Unchanged–	40,00040,000	00.0%	$1.28M$1.62M	$0	0.1%0.1%	−0.01
iShares Inc46434G764	Unchanged–	20,00020,000	00.0%	$1.21M$1.25M	$0	0.1%0.1%	+0.01
iShares Inc464286822	Unchanged–	25,00025,000	00.0%	$1.21M$1.20M	$0	0.1%0.1%	+0.01
ADXAdams Diversified Equity Fund, Inc.	UnchangedHistory	60,00060,000	00.0%	$1.19M$1.19M	$0	0.1%0.1%	+0.01
WisdomTree Tr97717W851	Unchanged–	18,64518,645	00.0%	$1.18M$1.14M	$0	0.1%0.1%	+0.01
AIRCApartment Income REIT Corp.	AddedHistory	22,39122,179	+212+1.0%	$1.09M$1.05M	+$10.3K	0.1%0.1%	+0.01
INVHInvitation Homes Inc.	AddedHistory	27,71619,665	+8,051+40.9%	$1.06M$733.0K	+$308.5K	0.1%<0.1%	+0.03
Ribbit Leap LtdG7552B121	Unchanged–	100,000100,000	00.0%	$1.05M$1.11M	$0	0.1%0.1%	+0.01
AMHAmerican Homes 4 Rent	AddedHistory	27,29818,987	+8,311+43.8%	$1.04M$738.0K	+$316.9K	0.1%<0.1%	+0.03
Sustainable Develp Acqu I Co86934L202	Unchanged–	100,000100,000	00.0%	$1.01M$1.02M	$0	0.1%0.1%	+0.01
IGRCbre Global Real Estate Income Fund	UnchangedHistory	120,000120,000	00.0%	$1.00M$1.06M	$0	0.1%0.1%	+0.01
iShares Inc464286764	Unchanged–	37,00037,000	00.0%	$998.0K$1.05M	$0	0.1%0.1%	+0.01
Kraneshares Trust500767678	Added–	24,3008,100	+16,200+200.0%	$998.0K$300.0K	+$665.3K	0.1%<0.1%	+0.05
State Street Utilities Select Sector SPDR ETF81369Y886	Unchanged–	15,50015,500	00.0%	$990.0K$980.0K	$0	0.1%0.1%	+0.01
ZGZillow Group, Inc.	UnchangedHistory	10,88410,884	00.0%	$964.0K$1.33M	$0	0.1%0.1%	−0.01
ECCEagle Point Credit Co	UnchangedHistory	70,00070,000	00.0%	$953.0K$949.0K	$0	0.1%0.1%	+0.01
iShares Global Clean Energy ETF464288224	New–	44,0000	+44,000	$953.0K$0	+$953.0K	0.1%0.0%	+0.06
State Street Technology Select Sector SPDR ETF81369Y803	Unchanged–	5,9805,980	00.0%	$893.0K$883.0K	$0	0.1%<0.1%	+0.01
iShares Tr46434V407	Unchanged–	19,39519,395	00.0%	$886.0K$893.0K	$0	0.1%0.1%	+0.01
State Street Communication Services Select Sector SPDR ETF81369Y852	Unchanged–	10,91010,910	00.0%	$874.0K$883.0K	$0	0.1%<0.1%	+0.01
iShares Tr464287390	New–	29,0000	+29,000	$770.0K$0	+$770.0K	0.1%0.0%	+0.05
State Street Financial Select Sector SPDR ETF81369Y605	Unchanged–	19,03019,030	00.0%	$714.0K$698.0K	$0	<0.1%<0.1%	+0.01
Vy Global GrowthG9444H126	Unchanged–	70,00070,000	00.0%	$704.0K$725.0K	$0	<0.1%<0.1%	+0.01
State Street Energy Select Sector SPDR ETF81369Y506	Unchanged–	13,50013,500	00.0%	$703.0K$727.0K	$0	<0.1%<0.1%	+0.01
Global X FDS37954Y830	Unchanged–	17,30017,300	00.0%	$592.0K$643.0K	$0	<0.1%<0.1%	0.00
iShares Inc464286814	Unchanged–	12,01012,010	00.0%	$591.0K$582.0K	$0	<0.1%<0.1%	+0.01
SLViShares Silver Trust	UnchangedHistory	28,00028,000	00.0%	$575.0K$678.0K	$0	<0.1%<0.1%	0.00
Vy Global GrowthG9444H100	New–	54,6100	+54,610	$536.0K$0	+$536.0K	<0.1%0.0%	+0.04
VanEck Vectors ETF Tr92189F817	Unchanged–	26,32026,320	00.0%	$507.0K$547.0K	$0	<0.1%<0.1%	0.00
iShares Inc464286871	Reduced–	20,00030,000	−10,000−33.3%	$480.0K$802.0K	−$240.0K	<0.1%<0.1%	−0.01
iShares Inc46434G772	Unchanged–	7,0007,000	00.0%	$434.0K$448.0K	$0	<0.1%<0.1%	0.00

Estimated amounts multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares): new positions use this quarter's value and sold-out positions last quarter's; positions reported only as principal (PRN) cannot be estimated. 13F shows only quarter-end holdings, not when trades happened or at what price.