Global Endowment Management, LP
- SEC CIK
- 0001512237
- Latest filing
- Aug 14, 2026
Holdings changes from Q2 2025 to Q3 2025
Long positions only; new, added, reduced and sold out are based on share counts. Pick any two quarters this institution filed.
- New
- 15
- Est. +$12.9M
- Added
- 49
- Est. +$69.7M
- Reduced
- 24
- Est. −$73.2M
- Sold out
- 15
- Est. −$4.93M
Portfolio value went from $751.2M to $798.6M (+$47.4M (+6.3%)); positions from 128 to 128 (0).
All Q3 2025 holdingsAll Q2 2025 holdings
In the shares, value and % of portfolio columns, the top figure is Q3 2025 and the gray one below is Q2 2025. For stocks that split between the two quarters, Q2 2025 shares are converted at the split ratio before comparing.
| Security | Action | Shares | Share change | Value | Est. bought or sold | % of portfolio | Weight change (pp) |
|---|---|---|---|---|---|---|---|
| Vanguard Total Bond Market ETF921937835 | Reduced– | 1,936,7952,031,788 | −94,993−4.7% | $144.0M$149.6M | −$7.06M | 18.0%19.9% | −1.88 |
| Vanguard Morningstar Total Stock Market ETF922908769 | Reduced– | 307,139340,983 | −33,844−9.9% | $100.8M$103.6M | −$11.1M | 12.6%13.8% | −1.17 |
| Vanguard Star FDS921909768 | Reduced– | 1,181,8721,252,430 | −70,558−5.6% | $86.8M$86.5M | −$5.18M | 10.9%11.5% | −0.65 |
| Vanguard Total World Stock ETF922042742 | Added– | 314,751302,086 | +12,665+4.2% | $43.4M$38.8M | +$1.75M | 5.4%5.2% | +0.26 |
| TXOTXO Partners, L.P. | AddedHistory | 2,686,0171,733,760 | +952,257+54.9% | $37.7M$26.1M | +$13.4M | 4.7%3.5% | +1.25 |
| J P Morgan Exchange-Traded F46641Q738 | Reduced– | 378,027389,210 | −11,183−2.9% | $36.1M$35.9M | −$1.07M | 4.5%4.8% | −0.25 |
| MSFTMicrosoft Corp | AddedHistory | 48,6388,115 | +40,523+499.4% | $25.2M$4.04M | +$21.0M | 3.2%0.5% | +2.62 |
| GOOGLAlphabet Inc. | AddedHistory | 101,95912,446 | +89,513+719.2% | $24.8M$2.19M | +$21.8M | 3.1%0.3% | +2.81 |
| NVDANVIDIA Corp | UnchangedHistory | 120,938120,938 | 00.0% | $22.6M$19.1M | $0 | 2.8%2.5% | +0.28 |
| AAPLApple Inc. | UnchangedHistory | 77,01277,012 | 00.0% | $19.6M$15.8M | $0 | 2.5%2.1% | +0.35 |
| Vanguard Ftse Emerging Markets ETF922042858 | Unchanged– | 298,000298,000 | 00.0% | $16.1M$14.7M | $0 | 2.0%2.0% | +0.06 |
| SPYSPDR S&P 500 ETF Trust | ReducedHistory | 23,32789,363 | −66,036−73.9% | $15.5M$55.2M | −$44.0M | 1.9%7.3% | −5.40 |
| Vanguard S&P 500 ETF922908363 | Added– | 24,68424,605 | +79+0.3% | $15.1M$14.0M | +$48.4K | 1.9%1.9% | +0.03 |
| iShares Tr464288182 | Reduced– | 165,578169,272 | −3,694−2.2% | $15.1M$14.0M | −$337.0K | 1.9%1.9% | +0.03 |
| iShares Core U.S. Aggregate Bond ETF464287226 | Added– | 140,915136,465 | +4,450+3.3% | $14.1M$13.5M | +$446.1K | 1.8%1.8% | −0.03 |
| iShares Tr464287739 | Added– | 136,08093,880 | +42,200+45.0% | $13.2M$8.90M | +$4.10M | 1.7%1.2% | +0.47 |
| PHYSSprott Physical Gold Trust | UnchangedHistory | 396,000396,000 | 00.0% | $11.7M$10.0M | $0 | 1.5%1.3% | +0.13 |
| Schwab U.S. Large-Cap ETF808524201 | Added– | 375,122373,488 | +1,634+0.4% | $9.88M$9.13M | +$43.0K | 1.2%1.2% | +0.02 |
| State Street Health Care Select Sector SPDR ETF81369Y209 | Reduced– | 63,29465,144 | −1,850−2.8% | $8.81M$8.78M | −$257.5K | 1.1%1.2% | −0.07 |
| iShares Tips Bond ETF464287176 | Added– | 74,38165,197 | +9,184+14.1% | $8.27M$7.17M | +$1.02M | 1.0%1.0% | +0.08 |
| iShares Inc46434G822 | Reduced– | 85,67485,801 | −127−0.1% | $6.87M$6.43M | −$10.2K | 0.9%0.9% | 0.00 |
| METAMeta Platforms, Inc. | ReducedHistory | 7,6978,015 | −318−4.0% | $5.65M$5.92M | −$233.5K | 0.7%0.8% | −0.08 |
| DJPBarclays Bank PLC | AddedHistory | 139,332108,550 | +30,782+28.4% | $4.94M$3.69M | +$1.09M | 0.6%0.5% | +0.13 |
| AMZNAmazon Com Inc | AddedHistory | 22,36221,165 | +1,197+5.7% | $4.91M$4.64M | +$262.8K | 0.6%0.6% | 0.00 |
| VanEck ETF Trust92189F106 | Unchanged– | 55,00055,000 | 00.0% | $4.20M$2.86M | $0 | 0.5%0.4% | +0.15 |
| BRK.BBerkshire Hathaway Inc | AddedHistory | 8,2798,201 | +78+1.0% | $4.16M$3.98M | +$39.2K | 0.5%0.5% | −0.01 |
| GLDSPDR Gold Trust | UnchangedHistory | 11,00011,000 | 00.0% | $3.91M$3.35M | $0 | 0.5%0.4% | +0.04 |
| State Street SPDR Portfolio Developed World Ex-US ETF78463X889 | Added– | 85,26683,912 | +1,354+1.6% | $3.65M$3.40M | +$57.9K | 0.5%0.5% | 0.00 |
| Morgan Stanley ETF Trust61774R205 | New– | 42,4460 | +42,446 | $3.48M$0 | +$3.48M | 0.4%0.0% | +0.44 |
| Vanguard Real Estate ETF922908553 | Unchanged– | 38,00038,000 | 00.0% | $3.47M$3.38M | $0 | 0.4%0.5% | −0.02 |
| iShares Tr464287457 | Unchanged– | 40,00040,000 | 00.0% | $3.32M$3.31M | $0 | 0.4%0.4% | −0.03 |
| State Street SPDR Portfolio Aggregate Bond ETF78464A649 | Added– | 119,444113,772 | +5,672+5.0% | $3.09M$2.91M | +$146.6K | 0.4%0.4% | 0.00 |
| Vanguard Ftse Developed Markets ETF921943858 | Unchanged– | 48,00048,000 | 00.0% | $2.88M$2.74M | $0 | 0.4%0.4% | 0.00 |
| DBCInvesco DB Commodity Index Tracking Fund | AddedHistory | 124,252103,088 | +21,164+20.5% | $2.80M$2.25M | +$476.8K | 0.4%0.3% | +0.05 |
| Vanguard Total International Bond ETF92203J407 | Added– | 56,56852,331 | +4,237+8.1% | $2.80M$2.59M | +$209.6K | 0.4%0.3% | +0.01 |
| Vanguard Scottsdale FDS92206C706 | Unchanged– | 44,70044,700 | 00.0% | $2.68M$2.67M | $0 | 0.3%0.4% | −0.02 |
| Vanguard Long-Term Treasury ETF92206C847 | Unchanged– | 46,77046,770 | 00.0% | $2.66M$2.62M | $0 | 0.3%0.3% | −0.02 |
| iShares Tr464288661 | Unchanged– | 20,00020,000 | 00.0% | $2.39M$2.38M | $0 | 0.3%0.3% | −0.02 |
| iShares Esg Aware US Aggregate Bond ETF46435U549 | New– | 47,9940 | +47,994 | $2.31M$0 | +$2.31M | 0.3%0.0% | +0.29 |
| iShares Tr464288513 | Added– | 26,71524,840 | +1,875+7.5% | $2.17M$2.00M | +$152.2K | 0.3%0.3% | 0.00 |
| Kraneshares Trust500767306 | Unchanged– | 50,00050,000 | 00.0% | $2.10M$1.72M | $0 | 0.3%0.2% | +0.03 |
| iShares Tr46435G334 | Unchanged– | 50,00050,000 | 00.0% | $2.10M$1.99M | $0 | 0.3%0.3% | 0.00 |
| SPDR Index Shs FDS78463X509 | Added– | 42,10441,627 | +477+1.1% | $1.97M$1.78M | +$22.3K | 0.2%0.2% | +0.01 |
| PIMCO ETF Tr72201R304 | Unchanged– | 30,00030,000 | 00.0% | $1.60M$1.57M | $0 | 0.2%0.2% | −0.01 |
| VanEck ETF Trust92189F437 | Unchanged– | 50,00050,000 | 00.0% | $1.49M$1.46M | $0 | 0.2%0.2% | −0.01 |
| iShares Inc464286764 | Unchanged– | 30,00030,000 | 00.0% | $1.49M$1.32M | $0 | 0.2%0.2% | +0.01 |
| SPDR Series Trust78468R622 | Added– | 15,0005,000 | +10,000+200.0% | $1.47M$486.4K | +$979.9K | 0.2%0.1% | +0.12 |
| iShares Inc464286806 | Unchanged– | 33,50033,500 | 00.0% | $1.39M$1.42M | $0 | 0.2%0.2% | −0.01 |
| iShares Inc46434G780 | Unchanged– | 40,00040,000 | 00.0% | $1.13M$1.04M | $0 | 0.1%0.1% | 0.00 |
| PDDPDD Holdings Inc. | ReducedHistory | 8,45712,337 | −3,880−31.5% | $1.12M$1.29M | −$512.8K | 0.1%0.2% | −0.03 |
| iShares Inc464286103 | Unchanged– | 40,00040,000 | 00.0% | $1.08M$1.05M | $0 | 0.1%0.1% | 0.00 |
| SPDR Index Shs FDS78463X202 | New– | 17,1600 | +17,160 | $1.07M$0 | +$1.07M | 0.1%0.0% | +0.13 |
| Invesco Exchange Traded FD T46137V357 | New– | 5,0000 | +5,000 | $948.5K$0 | +$948.5K | 0.1%0.0% | +0.12 |
| State Street Communication Services Select Sector SPDR ETF81369Y852 | Unchanged– | 8,0008,000 | 00.0% | $947.0K$868.2K | $0 | 0.1%0.1% | 0.00 |
| CVNACarvana Co. | ReducedHistory | 2,3892,736 | −347−12.7% | $901.2K$921.9K | −$130.9K | 0.1%0.1% | −0.01 |
| CACCCredit Acceptance Corp | AddedHistory | 1,9211,179 | +742+62.9% | $897.0K$600.6K | +$346.5K | 0.1%0.1% | +0.03 |
| GEGeneral Electric Co | ReducedHistory | 2,9763,615 | −639−17.7% | $895.2K$930.5K | −$192.2K | 0.1%0.1% | −0.01 |
| Schwab U.S. Large-Cap Growth ETF808524300 | Reduced– | 27,21827,260 | −42−0.2% | $868.5K$796.3K | −$1.34K | 0.1%0.1% | 0.00 |
| State Street Technology Select Sector SPDR ETF81369Y803 | Unchanged– | 3,0003,000 | 00.0% | $845.6K$759.7K | $0 | 0.1%0.1% | 0.00 |
| Global X FDS37950E259 | Unchanged– | 12,00012,000 | 00.0% | $837.1K$1.02M | $0 | 0.1%0.1% | −0.03 |
| GBDCGolub Capital BDC, Inc. | ReducedHistory | 60,00090,000 | −30,000−33.3% | $821.4K$1.32M | −$410.7K | 0.1%0.2% | −0.07 |
| VVisa Inc. | AddedHistory | 2,4002,166 | +234+10.8% | $819.3K$769.0K | +$79.9K | 0.1%0.1% | 0.00 |
| CPNGCoupang, Inc. | AddedHistory | 25,16821,600 | +3,568+16.5% | $810.4K$647.1K | +$114.9K | 0.1%0.1% | +0.02 |
| iShares MSCI India ETF46429B598 | Reduced– | 15,50035,000 | −19,500−55.7% | $806.9K$1.95M | −$1.02M | 0.1%0.3% | −0.16 |
| CROXCrocs, Inc. | NewHistory | 9,4360 | +9,436 | $788.4K$0 | +$788.4K | 0.1%0.0% | +0.10 |
| Franklin Templeton ETF Tr35473P710 | Unchanged– | 29,00029,000 | 00.0% | $782.7K$708.8K | $0 | 0.1%0.1% | 0.00 |
| VEEVVeeva Systems Inc | AddedHistory | 2,6072,101 | +506+24.1% | $776.7K$605.0K | +$150.7K | 0.1%0.1% | +0.02 |
| MCOMoodys Corp | ReducedHistory | 1,5851,625 | −40−2.5% | $755.2K$815.1K | −$19.1K | 0.1%0.1% | −0.01 |
| ENSGEnsign Group, Inc | NewHistory | 4,3410 | +4,341 | $750.0K$0 | +$750.0K | 0.1%0.0% | +0.09 |
| WBDWarner Bros. Discovery, Inc. | ReducedHistory | 37,22851,561 | −14,333−27.8% | $727.1K$590.9K | −$279.9K | 0.1%0.1% | +0.01 |
| MELIMercadolibre Inc | AddedHistory | 310231 | +79+34.2% | $724.5K$603.7K | +$184.6K | 0.1%0.1% | +0.01 |
| LPXLouisiana-Pacific Corp | ReducedHistory | 7,2247,967 | −743−9.3% | $641.8K$685.1K | −$66.0K | 0.1%0.1% | −0.01 |
| APPFAppfolio Inc | AddedHistory | 2,2772,194 | +83+3.8% | $627.7K$505.2K | +$22.9K | 0.1%0.1% | +0.01 |
| iShares Tr464288612 | Added– | 5,7235,334 | +389+7.3% | $614.9K$569.6K | +$41.8K | 0.1%0.1% | 0.00 |
| RGLDRoyal Gold Inc | AddedHistory | 2,9152,244 | +671+29.9% | $584.7K$399.1K | +$134.6K | 0.1%0.1% | +0.02 |
| Gmo ETF Trust90139K100 | Unchanged– | 16,00016,000 | 00.0% | $579.0K$548.2K | $0 | 0.1%0.1% | 0.00 |
| CRHCRH Public Ltd Co | AddedHistory | 4,6574,094 | +563+13.8% | $558.4K$375.8K | +$67.5K | 0.1%0.1% | +0.02 |
| State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375 | Added– | 16,21615,463 | +753+4.9% | $549.6K$519.2K | +$25.5K | 0.1%0.1% | 0.00 |
| iShares Inc46434G830 | Unchanged– | 10,00010,000 | 00.0% | $519.5K$481.4K | $0 | 0.1%0.1% | 0.00 |
| State Street SPDR S&P Software & Services ETF78464A599 | Unchanged– | 2,6002,600 | 00.0% | $514.2K$493.5K | $0 | 0.1%0.1% | 0.00 |
| PMLPIMCO Municipal Income Fund II | NewHistory | 64,3520 | +64,352 | $509.0K$0 | +$509.0K | 0.1%0.0% | +0.06 |
| iShares Inc46434G772 | Unchanged– | 8,0008,000 | 00.0% | $509.0K$459.2K | $0 | 0.1%0.1% | 0.00 |
| HUMHumana Inc | NewHistory | 1,9220 | +1,922 | $500.0K$0 | +$500.0K | 0.1%0.0% | +0.06 |
| NWSANews Corp | AddedHistory | 16,12611,167 | +4,959+44.4% | $495.2K$331.9K | +$152.3K | 0.1%<0.1% | +0.02 |
| iShares Inc464286772 | Unchanged– | 6,1106,110 | 00.0% | $489.4K$438.6K | $0 | 0.1%0.1% | 0.00 |
| COFCapital One Financial Corp | ReducedHistory | 2,2542,312 | −58−2.5% | $479.2K$491.9K | −$12.3K | 0.1%0.1% | −0.01 |
| IBITiShares Bitcoin Trust ETF | UnchangedHistory | 7,3637,363 | 00.0% | $478.6K$450.7K | $0 | 0.1%0.1% | 0.00 |
| PCGPG&E Corp | AddedHistory | 31,65025,506 | +6,144+24.1% | $477.3K$355.6K | +$92.7K | 0.1%<0.1% | +0.01 |
| DARDarling Ingredients Inc. | NewHistory | 14,9830 | +14,983 | $462.5K$0 | +$462.5K | 0.1%0.0% | +0.06 |
| ILMNIllumina, Inc. | NewHistory | 4,8660 | +4,866 | $462.1K$0 | +$462.1K | 0.1%0.0% | +0.06 |
| iShares Inc464286640 | Unchanged– | 14,00014,000 | 00.0% | $461.4K$440.3K | $0 | 0.1%0.1% | 0.00 |
| FERGFerguson Enterprises Inc. | ReducedHistory | 2,0272,333 | −306−13.1% | $455.2K$508.0K | −$68.7K | 0.1%0.1% | −0.01 |
| MMDNYLI MacKay DefinedTerm Muni Opportunities Fund | UnchangedHistory | 30,00030,000 | 00.0% | $453.9K$443.7K | $0 | 0.1%0.1% | 0.00 |
| APDAir Products & Chemicals, Inc. | NewHistory | 1,6640 | +1,664 | $453.8K$0 | +$453.8K | 0.1%0.0% | +0.06 |
| iShares Inc464286749 | Unchanged– | 8,0008,000 | 00.0% | $441.9K$438.5K | $0 | 0.1%0.1% | 0.00 |
| iShares Tr46434V407 | Added– | 10,1509,637 | +513+5.3% | $439.5K$415.7K | +$22.2K | 0.1%0.1% | 0.00 |
| Ea Series Trust02072L672 | Reduced– | 7,0009,000 | −2,000−22.2% | $437.3K$478.2K | −$124.9K | 0.1%0.1% | −0.01 |
| KSPIJoint Stock Co Kaspi.kz | AddedHistory | 5,3303,792 | +1,538+40.6% | $435.4K$321.9K | +$125.6K | 0.1%<0.1% | +0.01 |
| PPLIPeople Inc | AddedHistory | 12,0628,757 | +3,305+37.7% | $411.0K$327.0K | +$112.6K | 0.1%<0.1% | +0.01 |
| QRVOQorvo, Inc. | ReducedHistory | 4,4744,510 | −36−0.8% | $407.5K$382.9K | −$3.28K | 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.