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Global Endowment Management, LP

SEC CIK
0001512237
Latest filing
Aug 14, 2026

Holdings in Q4 2024

Holdings as of Dec 31, 2024, filed Feb 13, 2025. Long positions only; changes compare share counts with Q3 2024.

Institution overview
Positions
140
+9 vs. Q3 2024
Portfolio value
$781.8M
−$208.4M (−21.0%) vs. Q3 2024
Filed
Feb 13, 2025
SEC
Holdings of Global Endowment Management, LP in Q4 2024
SecurityClassSharesValue% of portfolioShare changeActionHistory
Vanguard Total Bond Market ETF921937835ETF2,334,551$167.9M21.5%−786,860−25.2%Reduced–
Vanguard Morningstar Total Stock Market ETF922908769ETF339,574$98.4M12.6%00.0%Unchanged–
Vanguard Star FDS921909768VG TL INTL STK F1,503,642$88.6M11.3%−49,184−3.2%Reduced–
J P Morgan Exchange-Traded F46641Q738BETBULD MSCI526,475$49.3M6.3%−20,033−3.7%Reduced–
TXOTXO Partners, L.P.COM UNIT1,985,130$33.4M4.3%00.0%UnchangedHistory
Vanguard Total World Stock ETF922042742ETF282,995$33.2M4.3%+27,850+10.9%Added–
AAPLApple Inc.Stock83,640$20.9M2.7%−7,434−8.2%ReducedHistory
NVDANVIDIA CorpStock130,842$17.6M2.2%−11,678−8.2%ReducedHistory
Vanguard Ftse Emerging Markets ETF922042858ETF298,000$13.1M1.7%00.0%Unchanged–
Vanguard S&P 500 ETF922908363ETF23,610$12.7M1.6%−589−2.4%Reduced–
Morgan Stanley ETF Trust61774R205CALVERT US LARCP169,980$12.5M1.6%+169,980New–
iShares Tr464288182MSCI AC ASIA ETF161,522$11.7M1.5%00.0%Unchanged–
iShares Inc46434G822MSCI JAPAN ETF158,941$10.7M1.4%−5,559−3.4%Reduced–
State Street Health Care Select Sector SPDR ETF81369Y209ETF68,535$9.43M1.2%−8,636−11.2%Reduced–
iShares Tr4642874571 3 YR TREAS BD111,250$9.12M1.2%00.0%Unchanged–
State Street Consumer Staples Select Sector SPDR ETF81369Y308ETF112,425$8.84M1.1%−12,610−10.1%Reduced–
iShares Esg Aware US Aggregate Bond ETF46435U549ETF179,779$8.35M1.1%+179,779New–
PHYSSprott Physical Gold TrustPHYSICAL GOLD TR396,000$7.98M1.0%00.0%UnchangedHistory
AMZNAmazon Com IncStock35,719$7.84M1.0%−1,718−4.6%ReducedHistory
METAMeta Platforms, Inc.Stock13,206$7.73M1.0%−32,830−71.3%ReducedHistory
BRK.BBerkshire Hathaway IncStock15,357$6.96M0.9%00.0%UnchangedHistory
iShares Tr4642886613 7 YR TREAS BD59,000$6.82M0.9%−3,000−4.8%Reduced–
MSFTMicrosoft CorpStock15,131$6.38M0.8%−70.0%ReducedHistory
DBCInvesco DB Commodity Index Tracking FundUNIT261,099$5.58M0.7%−19,925−7.1%ReducedHistory
State Street SPDR Portfolio S&P 500 ETF78464A854ETF59,658$4.11M0.5%+59,658New–
iShares Tr464287739U.S. REAL ES ETF41,880$3.90M0.5%00.0%Unchanged–
Vanguard Real Estate ETF922908553ETF41,930$3.74M0.5%−118,163−73.8%Reduced–
iShares Tr46435G334MSCI UK ETF NEW100,000$3.39M0.4%00.0%Unchanged–
GLDSPDR Gold TrustETF13,182$3.19M0.4%00.0%UnchangedHistory
Global X FDS37954Y293GLB X MLP ENRG I45,000$2.73M0.3%−14,619−24.5%Reduced–
State Street SPDR Portfolio Aggregate Bond ETF78464A649ETF108,738$2.72M0.3%+108,738New–
Vanguard Scottsdale FDS92206C706INTER TERM TREAS44,700$2.59M0.3%+44,700New–
Vanguard Long-Term Treasury ETF92206C847ETF46,770$2.59M0.3%+46,770New–
WIXWix.com Ltd.SHS12,064$2.59M0.3%−72,131−85.7%ReducedHistory
CPNGCoupang, Inc.CL A113,370$2.49M0.3%+39,962+54.4%AddedHistory
iShares Tr46429B507MSCI IRELAND ETF40,000$2.35M0.3%00.0%Unchanged–
Vanguard Ftse Developed Markets ETF921943858ETF48,000$2.30M0.3%−2,000−4.0%Reduced–
iShares Tips Bond ETF464287176ETF20,023$2.13M0.3%−58,857−74.6%Reduced–
GOOGLAlphabet Inc.Stock10,561$2.00M0.3%−7,487−41.5%ReducedHistory
iShares Core U.S. Aggregate Bond ETF464287226ETF19,600$1.90M0.2%+19,600New–
VanEck ETF Trust92189F106GOLD MINERS ETF55,000$1.87M0.2%00.0%Unchanged–
LPXLouisiana-Pacific CorpCOM17,724$1.84M0.2%+17,724NewHistory
iShares Inc46434G780MSCI SINGPOR ETF80,000$1.75M0.2%00.0%Unchanged–
WGOWinnebago Industries IncCOM35,309$1.69M0.2%00.0%UnchangedHistory
iShares Inc464286103MSCI AUST ETF69,997$1.67M0.2%00.0%Unchanged–
BTCGrayscale Bitcoin Mini Trust ETFETF39,593$1.66M0.2%+39,593NewHistory
APPFAppfolio IncCOM CL A6,549$1.62M0.2%−1,134−14.8%ReducedHistory
CACCCredit Acceptance CorpCOM3,410$1.60M0.2%−28,692−89.4%ReducedHistory
iShares MSCI India ETF46429B598ETF30,000$1.58M0.2%00.0%Unchanged–
Global X FDS37950E259GB MSCI AR ETF18,660$1.54M0.2%00.0%Unchanged–
State Street SPDR Portfolio Developed World Ex-US ETF78463X889ETF45,027$1.54M0.2%+45,027New–
ADXAdams Diversified Equity Fund, Inc.COM75,943$1.53M0.2%+6,560+9.5%AddedHistory
GBDCGolub Capital BDC, Inc.COM100,000$1.52M0.2%00.0%UnchangedHistory
MCOMoodys CorpStock3,159$1.50M0.2%+11+0.3%AddedHistory
NIEVirtus Equity & Convertible Income FundCOM60,000$1.48M0.2%00.0%UnchangedHistory
SPDR Series Trust78468R622ST BLOO HIGH ETF15,096$1.44M0.2%−21,474−58.7%Reduced–
VanEck ETF Trust92189F437FALLEN ANGEL HG50,000$1.43M0.2%00.0%Unchanged–
MELIMercadolibre IncCOM843$1.43M0.2%−147−14.8%ReducedHistory
GEGeneral Electric CoStock8,223$1.37M0.2%−626−7.1%ReducedHistory
KSPIJoint Stock Co Kaspi.kzSPONSORED ADS14,466$1.37M0.2%−2,548−15.0%ReducedHistory
BNBROOKFIELD CorpCL A LTD VT SH23,797$1.37M0.2%+1,952+8.9%AddedHistory
FTREFortrea Holdings Inc.COMMON STOCK72,483$1.35M0.2%+20,485+39.4%AddedHistory
ALLYAlly Financial Inc.Stock37,205$1.34M0.2%+4,953+15.4%AddedHistory
CVNACarvana Co.CL A6,419$1.31M0.2%−173,602−96.4%ReducedHistory
PDDPDD Holdings Inc.SPONSORED ADS12,976$1.26M0.2%−58,724−81.9%ReducedHistory
iShares Inc464286764MSCI SPAIN ETF40,000$1.24M0.2%00.0%Unchanged–
Global X Uranium ETF37954Y871ETF43,262$1.16M0.1%+43,262New–
ESGREnstar Group LTDSHS3,401$1.10M0.1%−8−0.2%ReducedHistory
ENVAEnova International, Inc.COM11,126$1.07M0.1%+11,126NewHistory
SPGIS&P Global Inc.Stock2,054$1.02M0.1%+2,054NewHistory
CCOICogent Communications Holdings, Inc.COM NEW12,962$999.0K0.1%−3,435−20.9%ReducedHistory
State Street Communication Services Select Sector SPDR ETF81369Y852ETF10,000$968.1K0.1%00.0%Unchanged–
State Street Technology Select Sector SPDR ETF81369Y803ETF4,000$930.1K0.1%00.0%Unchanged–
SPDR Series Trust78468R556SP O&G EXPL PRO7,000$926.6K0.1%−8,000−53.3%Reduced–
Vanguard Materials ETF92204A801ETF4,920$924.2K0.1%00.0%Unchanged–
State Street Financial Select Sector SPDR ETF81369Y605ETF19,030$919.7K0.1%00.0%Unchanged–
WBDWarner Bros. Discovery, Inc.Stock83,531$882.9K0.1%+83,531NewHistory
PPLIPeople IncCOM NEW20,320$876.6K0.1%−2,909−12.5%ReducedHistory
iShares Tr464288513IBOXX HI YD ETF10,844$852.9K0.1%−14,968−58.0%Reduced–
CRHCRH Public Ltd CoORD8,973$830.2K0.1%−1,235−12.1%ReducedHistory
RGLDRoyal Gold IncStock6,132$808.5K0.1%+290+5.0%AddedHistory
SPDR Series Trust78468R408ST TERM HIGH ETF32,000$808.0K0.1%−18,000−36.0%Reduced–
ULCCFrontier Group Holdings, Inc.COM112,664$801.0K0.1%−60,544−35.0%ReducedHistory
USFDUS Foods Holding Corp.COM11,759$793.3K0.1%+11,759NewHistory
DFSDiscover Financial ServicesCOM4,472$774.7K0.1%−1,259−22.0%ReducedHistory
State Street SPDR S&P Software & Services ETF78464A599ETF4,000$755.8K0.1%00.0%Unchanged–
SPDR Index Shs FDS78463X509ST PORT MARK ETF19,229$737.8K0.1%+19,229New–
iShares Inc464286749MSCI SWITZERLAND16,000$735.4K0.1%00.0%Unchanged–
Despegar Com CorpG27358103ORD SHS36,476$702.2K0.1%−12,827−26.0%Reduced–
CCKCrown Holdings, Inc.COM8,423$696.5K0.1%−179−2.1%ReducedHistory
BABAAlibaba Group Holding LtdADR7,570$641.9K0.1%+106+1.4%AddedHistory
UPWKUpwork, IncCOM38,791$634.2K0.1%−24,886−39.1%ReducedHistory
STLAStellantis N.V.SHS48,453$632.3K0.1%+12,878+36.2%AddedHistory
VTLEVital Energy, Inc.COM20,007$618.6K0.1%+3,632+22.2%AddedHistory
XPXP Inc.CL A51,263$607.5K0.1%+2,109+4.3%AddedHistory
IBKRInteractive Brokers Group, Inc.Stock3,392$599.3K0.1%−66,484−95.1%ReducedHistory
GDDYGoDaddy Inc.CL A2,965$585.2K0.1%−1,151−28.0%ReducedHistory
Kraneshares Trust500767306CSI CHI INTERNET20,000$584.8K0.1%−8,600−30.1%Reduced–
CRMSalesforce, Inc.Stock1,691$565.4K0.1%−827−32.8%ReducedHistory
MTCHMatch Group, Inc.COM16,896$552.7K0.1%+16,896NewHistory

Sold out since Q3 2024 (16)

Positions held at the end of Q3 2024 that are gone from this filing.

Positions of Global Endowment Management, LP sold out since Q3 2024
SecurityClassShares in Q3 2024Value in Q3 2024% of portfolio in Q3 2024History
Kraneshares Trust500767678GLOBAL CARB STRA258,300$8.18M0.8%–
YUMCYum China Holdings, Inc.COM122,502$5.52M0.6%History
HTHTH World Group LtdSPONSORED ADS136,860$5.09M0.5%History
Vanguard Emerging Markets Government Bond ETF921946885ETF63,350$4.20M0.4%–
iShares Tr46428743220 YR TR BD ETF28,000$2.75M0.3%–
iShares Tr4642874407-10 YR TRSY BD23,000$2.26M0.2%–
iShares Tr46428865310-20 YR TRS ETF20,210$2.21M0.2%–
iShares Inc464286707MSCI FRANCE ETF50,870$2.06M0.2%–
WDAYWorkday, Inc.CL A6,268$1.53M0.2%History
Vanguard Malvern FDS922020805STRM INFPROIDX28,200$1.39M0.1%–
iShares Inc464286400MSCI BRAZIL ETF35,000$1.03M0.1%–
iShares Inc464286772MSCI STH KOR ETF15,000$959.4K0.1%–
KKellanovaStock11,724$946.2K0.1%History
iShares Tr464287184CHINA LG-CAP ETF25,750$818.3K0.1%–
EQHEquitable Holdings, Inc.COM18,764$788.7K0.1%History
GTXGarrett Motion Inc.Stock89,607$733.0K0.1%History