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Livermore
Livermore
ZHEN

Global Endowment Management, LP

SEC CIK
0001512237
Latest filing
Aug 14, 2026

Holdings in Q3 2023

Holdings as of Sep 30, 2023, filed Nov 13, 2023. Long positions only; changes compare share counts with Q2 2023.

Institution overview
Positions
118
+33 vs. Q2 2023
Portfolio value
$934.4M
+$92.4M (+11.0%) vs. Q2 2023
Filed
Nov 13, 2023
SEC
Holdings of Global Endowment Management, LP in Q3 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
JQCNuveen Credit Strategies Income FundCOM SHS20,000$101.2K<0.1%00.0%UnchangedHistory
JEQAbrdn Japan Equity Fund, Inc.COM21,511$115.1K<0.1%+423+2.0%AddedHistory
BXMXNuveen S&P 500 BuyWrite Income FundCOM10,000$126.6K<0.1%00.0%UnchangedHistory
Barrick Gold Corp067901108COM10,920$158.9K<0.1%00.0%Unchanged–
iShares Tr46429B309MSCI INDONIA ETF10,400$231.6K<0.1%00.0%Unchanged–
Healthpeak Properties, Inc.71943U104COM19,248$234.6K<0.1%+1,052+5.8%Added–
CPTCamden Property TrustREIT3,087$292.0K<0.1%−329−9.6%ReducedHistory
FRFirst Industrial Realty Trust IncCOM6,194$294.8K<0.1%+6,194NewHistory
iShares Inc46434G830MSCI ITALY ETF10,000$304.2K<0.1%−35,970−78.2%Reduced–
iShares Tr464288612INTRM GOV CR ETF3,043$308.3K<0.1%−25−0.8%Reduced–
iShares Inc46434G772MSCI TAIWAN ETF7,000$311.9K<0.1%00.0%Unchanged–
Kraneshares Tr500767702CHIN COM PAPER10,658$322.9K<0.1%00.0%Unchanged–
DOCHealthpeak Properties, Inc.COM18,404$337.9K<0.1%+2,806+18.0%AddedHistory
iShares Inc464286871MSCI HONG KG ETF20,000$343.0K<0.1%00.0%Unchanged–
PLDPrologis, Inc.REIT3,059$343.3K<0.1%−223−6.8%ReducedHistory
VanEck Vectors ETF Tr92189F817VIETNAM ETF26,320$356.4K<0.1%00.0%Unchanged–
iShares Inc464286640MSCI CHILE ETF14,000$366.7K<0.1%00.0%Unchanged–
State Street SPDR S&P Biotech ETF78464A870ETF5,200$379.7K<0.1%00.0%Unchanged–
SPDR Series Trust78464A581ST STR SP HCEQ5,750$448.9K<0.1%00.0%Unchanged–
State Street SPDR S&P Software & Services ETF78464A599ETF4,000$507.5K0.1%00.0%Unchanged–
DBX ETF Tr233051879XTRACK HRVST CSI20,000$520.2K0.1%−20,800−51.0%Reduced–
VanEck ETF Trust92189F106GOLD MINERS ETF20,000$538.2K0.1%00.0%Unchanged–
ULCCFrontier Group Holdings, Inc.COM125,674$608.3K0.1%+125,674NewHistory
State Street Financial Select Sector SPDR ETF81369Y605ETF19,030$631.2K0.1%00.0%Unchanged–
HYBNew America High Income Fund IncCOM NEW100,000$648.0K0.1%+100,000NewHistory
State Street Communication Services Select Sector SPDR ETF81369Y852ETF10,000$655.7K0.1%00.0%Unchanged–
UPWKUpwork, IncCOM59,048$670.8K0.1%+59,048NewHistory
iShares Tr46434V4070-5YR HI YL CP16,975$696.5K0.1%−57,136−77.1%Reduced–
iShares Inc464286749MSCI SWITZERLAND16,000$697.1K0.1%00.0%Unchanged–
RGLDRoyal Gold IncStock6,808$723.9K0.1%+6,808NewHistory
GBDCGolub Capital BDC, Inc.COM50,000$733.5K0.1%00.0%UnchangedHistory
EOGEOG Resources IncStock5,822$738.0K0.1%+5,822NewHistory
PPLIPeople IncCOM NEW14,883$750.0K0.1%+14,883NewHistory
Global X FDS37950E259GB MSCI AR ETF18,660$770.3K0.1%00.0%Unchanged–
IBKRInteractive Brokers Group, Inc.Stock9,182$794.8K0.1%+9,182NewHistory
BABAAlibaba Group Holding LtdADR9,550$828.4K0.1%+9,550NewHistory
WBDWarner Bros. Discovery, Inc.Stock76,471$830.5K0.1%+76,471NewHistory
FROFrontline plcCOM44,548$836.6K0.1%+44,548NewHistory
FLYYSpirit Aviation Holdings, Inc.COM51,093$843.0K0.1%+51,093NewHistory
KKellanovaStock14,879$885.4K0.1%+14,879NewHistory
STLAStellantis N.V.SHS46,598$891.4K0.1%+46,598NewHistory
Kraneshares Trust500767678GLOBAL CARB STRA25,000$903.3K0.1%00.0%Unchanged–
ENVAEnova International, Inc.COM18,244$928.1K0.1%+18,244NewHistory
Invesco Exchange Traded FD T46137V571GLOBAL DRGN CN35,000$947.1K0.1%+35,000New–
ESGREnstar Group LTDSHS3,957$957.6K0.1%+3,957NewHistory
EQHEquitable Holdings, Inc.COM34,502$979.5K0.1%+34,502NewHistory
CXMSprinklr, Inc.CL A71,740$992.9K0.1%+71,740NewHistory
OWLBlue Owl Capital Inc.COM CL A80,074$1.04M0.1%+80,074NewHistory
CCOICogent Communications Holdings, Inc.COM NEW16,925$1.05M0.1%+16,925NewHistory
TAT&T Inc.Stock69,958$1.05M0.1%+69,958NewHistory
ADXAdams Diversified Equity Fund, Inc.COM63,677$1.06M0.1%00.0%UnchangedHistory
iShares Inc464286764MSCI SPAIN ETF40,000$1.10M0.1%−23,970−37.5%Reduced–
VVisa Inc.Stock4,817$1.11M0.1%+4,817NewHistory
GEGeneral Electric CoStock10,235$1.13M0.1%+10,235NewHistory
NIEVirtus Equity & Convertible Income FundCOM60,000$1.19M0.1%00.0%UnchangedHistory
iShares Tr464287390LATN AMER 40 ETF50,000$1.28M0.1%+50,000New–
WDAYWorkday, Inc.CL A6,017$1.29M0.1%+6,017NewHistory
TDGTransDigm Group INCCOM1,541$1.30M0.1%+1,541NewHistory
BNBROOKFIELD CorpCL A LTD VT SH42,488$1.33M0.1%+42,488NewHistory
VanEck ETF Trust92189F437FALLEN ANGEL HG50,000$1.35M0.1%00.0%Unchanged–
iShares Inc464286772MSCI STH KOR ETF23,500$1.39M0.1%00.0%Unchanged–
KKRKKR & Co. Inc.COM23,295$1.43M0.2%+23,295NewHistory
iShares Inc464286822MSCI MEXICO ETF25,000$1.46M0.2%00.0%Unchanged–
CRMSalesforce, Inc.Stock8,002$1.62M0.2%+8,002NewHistory
CPNGCoupang, Inc.CL A96,477$1.64M0.2%+96,477NewHistory
MELIMercadolibre IncCOM1,304$1.65M0.2%+1,304NewHistory
FCNCAFirst Citizens Bancshares IncCL A1,274$1.76M0.2%+1,274NewHistory
iShares Inc464286103MSCI AUST ETF82,192$1.77M0.2%00.0%Unchanged–
SPDR Series Trust78468R556SP O&G EXPL PRO12,000$1.77M0.2%00.0%Unchanged–
Chindata Group Hldgs Ltd16955F107ADS218,078$1.81M0.2%+218,078New–
iShares Inc46434G780MSCI SINGPOR ETF100,000$1.83M0.2%+100,000New–
iShares Tr46428865310-20 YR TRS ETF20,210$1.99M0.2%+20,210New–
iShares Inc464286400MSCI BRAZIL ETF65,000$1.99M0.2%+13,000+25.0%Added–
iShares Inc464286509MSCI CDA ETF59,840$2.00M0.2%00.0%Unchanged–
iShares MSCI India ETF46429B598ETF46,273$2.05M0.2%00.0%Unchanged–
Invesco Exch Traded FD Tr II46138G508SR LN ETF100,000$2.10M0.2%00.0%Unchanged–
CACCCredit Acceptance CorpCOM4,693$2.16M0.2%+4,693NewHistory
Kraneshares Tr500767553CALIFORNIA CARB79,154$2.25M0.2%00.0%Unchanged–
SPDR Series Trust78468R408ST TERM HIGH ETF96,000$2.35M0.3%+96,000New–
Vanguard Malvern FDS922020805STRM INFPROIDX50,000$2.36M0.3%00.0%Unchanged–
iShares Tr4642874407-10 YR TRSY BD29,260$2.68M0.3%−45,610−60.9%Reduced–
DBCInvesco DB Commodity Index Tracking FundUNIT113,000$2.82M0.3%00.0%UnchangedHistory
iShares Tr46429B507MSCI IRELAND ETF54,400$2.94M0.3%00.0%Unchanged–
iShares Tr46428743220 YR TR BD ETF33,990$3.01M0.3%−41,010−54.7%Reduced–
ALLYAlly Financial Inc.Stock114,765$3.06M0.3%+114,765NewHistory
Vanguard Emerging Markets Government Bond ETF921946885ETF52,000$3.08M0.3%00.0%Unchanged–
Vanguard Materials ETF92204A801ETF19,300$3.33M0.4%+2,180+12.7%Added–
GLDSPDR Gold TrustETF20,000$3.43M0.4%00.0%UnchangedHistory
iShares Tr464288513IBOXX HI YD ETF49,380$3.64M0.4%+11,000+28.7%Added–
iShares Tr46435G334MSCI UK ETF NEW123,000$3.89M0.4%−17,000−12.1%Reduced–
GOOGLAlphabet Inc.Stock32,517$4.26M0.5%+18,417+130.6%AddedHistory
MSFTMicrosoft CorpStock14,064$4.44M0.5%+8,298+143.9%AddedHistory
iShares Inc46434G822MSCI JAPAN ETF90,000$5.43M0.6%00.0%Unchanged–
AMZNAmazon Com IncStock46,423$5.90M0.6%+30,363+189.1%AddedHistory
Invesco Nasdaq 100 ETF46138G649ETF40,100$5.91M0.6%+40,100New–
METAMeta Platforms, Inc.Stock21,592$6.48M0.7%+13,638+171.5%AddedHistory
iShares Tr464288182MSCI AC ASIA ETF106,473$6.76M0.7%−1,183−1.1%Reduced–
PHYSSprott Physical Gold TrustPHYSICAL GOLD TR476,000$6.82M0.7%00.0%UnchangedHistory
Vanguard Ftse Developed Markets ETF921943858ETF168,300$7.36M0.8%00.0%Unchanged–
iShares Tips Bond ETF464287176ETF74,800$7.76M0.8%−24,750−24.9%Reduced–

Sold out since Q2 2023 (9)

Positions held at the end of Q2 2023 that are gone from this filing.

Positions of Global Endowment Management, LP sold out since Q2 2023
SecurityClassShares in Q2 2023Value in Q2 2023% of portfolio in Q2 2023History
Invesco Exchange Traded FD T46137V258S&P500 PUR VAL107,267$8.32M1.0%–
iShares Tr464288588MBS ETF64,100$5.98M0.7%–
iShares Inc464286806MSCI GERMANY ETF63,220$1.81M0.2%–
HTGCHercules Capital, Inc.COM50,000$740.0K0.1%History
Simplify Exchange Traded Fun82889N855SIMPLIFY INTERST6,000$376.7K<0.1%–
AMHAmerican Homes 4 RentCL A9,928$351.9K<0.1%History
AIRCApartment Income REIT Corp.COM9,094$328.2K<0.1%History
SPDR Index Shs FDS78463X202ST STR EU 50 ETF5,000$229.9K<0.1%–
NEMNEWMONT CorpStock4,858$207.2K<0.1%History