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Asset Manager ← All Institutions

Global Endowment Management, LP

Q3 2025 · Filed 2025-11-13
Market Value
$798M
+6.4%
Holdings
140
-13
New Purchases
14
Added To
49
Closed
14
Reduced
24
Top 10 Concentration
67.8%
Turnover
20.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 3.11% 0.29% +2.81% $25M
MSFT 3.16% 0.54% +2.62% $25M
TXO 4.73% 3.48% +1.25% $38M
IYR 1.66% 1.19% +0.47% $13M
CVLC 0.44% 0.00% +0.44% $3M
AAPL 2.46% 2.11% +0.35% $20M
EAGG 0.29% 0.00% +0.29% $2M
NVDA 2.83% 2.55% +0.28% $23M
VT 5.44% 5.17% +0.26% $43M
GDX 0.53% 0.38% +0.14% $4M
FEZ 0.13% 0.00% +0.13% $1M
PHYS 1.47% 1.34% +0.13% $12M
DJP 0.62% 0.49% +0.13% $5M
JNK 0.18% 0.06% +0.12% $1M
RSP 0.12% 0.00% +0.12% $948K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SPY 1.95% 7.36% -5.41% $16M
BND 18.05% 19.94% -1.89% $144M
VTI 12.63% 13.81% -1.18% $101M
VXUS 10.88% 11.53% -0.65% $87M
BBRE 4.52% 4.78% -0.25% $36M
INDA 0.10% 0.26% -0.16% $807K
VGK 0.05% 0.19% -0.14% $399K
META 0.71% 0.79% -0.08% $6M
GBDC 0.10% 0.18% -0.07% $821K
XLV 1.10% 1.17% -0.07% $9M
PMF 0.00% 0.06% -0.06% $0
CCK 0.00% 0.06% -0.06% $0
FOUR 0.00% 0.05% -0.05% $0
FA 0.00% 0.05% -0.05% $0
ENVA 0.00% 0.05% -0.05% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 16 $474M 59.4%
Large Cap 59 $173M 21.7%
Mid Cap 38 $53M 6.7%
Small Cap 22 $97M 12.1%
Micro Cap 5 $2M 0.2%

Portfolio Analytics

Avg Market Cap
$228.6B
Median Market Cap
$14.1B
Avg P/E
31.8
Median P/E
25.9
Avg Dividend Yield
0.02%
Avg Beta
0.98
# Stocks
65
# ETFs / Funds
75

Top Holdings (140 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BND 18.05% 1,936,795 $144M $74.37 -$6M -94,993 -4.7%
2 VTI 12.63% 307,139 $101M $328.17 -$3M -33,844 -9.9%
3 VXUS 10.88% 1,181,872 $87M $73.46 $290K -70,558 -5.6%
4 VT 5.44% 314,751 $43M $137.80 $5M +12,665 +4.2%
5 TXO 4.73% 2,686,017 $38M $14.05 $12M +952,257 +54.9%
6 BBRE 4.52% 378,027 $36M $95.48 $244K -11,183 -2.9%
7 MSFT 3.16% 48,638 $25M $517.95 $21M +40,523 +499.4%
8 GOOGL 3.11% 101,959 $25M $243.10 $23M +89,513 +719.2%
9 NVDA 2.83% 120,938 $23M $186.58 $3M
10 AAPL 2.46% 77,012 $20M $254.63 $4M
11 VWO 2.02% 298,000 $16M $54.18 $1M
12 SPY 1.95% 23,327 $16M $666.18 -$40M -66,036 -73.9%
13 VOO 1.89% 24,684 $15M $612.38 $1M +79 +0.3%
14 AAXJ 1.89% 165,578 $15M $91.22 $1M -3,694 -2.2%
15 AGG 1.77% 140,915 $14M $100.25 $589K +4,450 +3.3%
16 IYR 1.66% 136,080 $13M $97.08 $4M +42,200 +45.0%
17 PHYS 1.47% 396,000 $12M $29.62 $2M
18 SCHX 1.24% 375,122 $10M $26.34 $753K +1,634 +0.4%
19 XLV 1.10% 63,294 $9M $139.17 $28K -1,850 -2.8%
20 TIP 1.04% 74,381 $8M $111.22 $1M +9,184 +14.1%
21 EWJ 0.86% 85,674 $7M $80.21 $439K -127 -0.1%
22 META 0.71% 7,697 $6M $734.38 -$263K -318 -4.0%
23 DJP 0.62% 139,332 $5M $35.44 $1M +30,782 +28.4%
24 AMZN 0.62% 22,362 $5M $219.57 $267K +1,197 +5.7%
25 GDX 0.53% 55,000 $4M $76.40 $1M
26 BRK-B 0.52% 8,279 $4M $502.74 $178K +78 +0.9%
27 GLD 0.49% 11,000 $4M $355.47 $557K
28 SPDW 0.46% 85,266 $4M $42.79 $251K +1,354 +1.6%
29 CVLC 0.44% 42,446 $3M $81.87 +42,446 NEW
30 VNQ 0.44% 38,000 $3M $91.42 $90K
31 SHY 0.42% 40,000 $3M $82.96 $4K
32 SPAB 0.39% 119,444 $3M $25.85 $175K +5,672 +5.0%
33 VEA 0.36% 48,000 $3M $59.92 $140K
34 DBC 0.35% 124,252 $3M $22.53 $551K +21,164 +20.5%
35 BNDX 0.35% 56,568 $3M $49.46 $207K +4,237 +8.1%
36 VGIT 0.34% 44,700 $3M $60.03 $10K
37 VGLT 0.33% 46,770 $3M $56.86 $35K
38 IEI 0.30% 20,000 $2M $119.51 $8K
39 EAGG 0.29% 47,994 $2M $48.03 +47,994 NEW
40 HYG 0.27% 26,715 $2M $81.19 $166K +1,875 +7.5%
41 KWEB 0.26% 50,000 $2M $42.01 $384K
42 EWU 0.26% 50,000 $2M $41.97 $112K
43 SPEM 0.25% 42,104 $2M $46.81 $192K +477 +1.1%
44 LTPZ 0.20% 30,000 $2M $53.28 $24K
45 ANGL 0.19% 50,000 $1M $29.73 $22K
46 EWP 0.19% 30,000 $1M $49.50 $164K
47 JNK 0.18% 15,000 $1M $97.99 $984K +10,000 +200.0%
48 EWG 0.17% 33,500 $1M $41.61 -$23K
49 EWS 0.14% 40,000 $1M $28.34 $94K
50 PDD 0.14% 8,457 $1M $132.17 -$173K -3,880 -31.4%
51 EWA 0.14% 40,000 $1M $27.00 $27K
52 FEZ 0.13% 17,160 $1M $62.12 +17,160 NEW
53 RSP 0.12% 5,000 $948K $189.70 +5,000 NEW
54 XLC 0.12% 8,000 $947K $118.37 $79K
55 CVNA 0.11% 2,389 $901K $377.24 -$21K -347 -12.7%
56 CACC 0.11% 1,921 $897K $466.93 $296K +742 +62.9%
57 GE 0.11% 2,976 $895K $300.82 -$35K -639 -17.7%
58 SCHG 0.11% 27,218 $869K $31.91 $72K -42 -0.1%
59 XLK 0.11% 3,000 $846K $281.86 $86K
60 ARGT 0.10% 12,000 $837K $69.76 -$180K
61 GBDC 0.10% 60,000 $821K $13.69 -$497K -30,000 -33.3%
62 V 0.10% 2,400 $819K $341.38 $50K +234 +10.8%
63 CPNG 0.10% 25,168 $810K $32.20 $163K +3,568 +16.5%
64 INDA 0.10% 15,500 $807K $52.06 -$1M -19,500 -55.7%
65 CROX 0.10% 9,436 $788K $83.55 +9,436 NEW
66 FLKR 0.10% 29,000 $783K $26.99 $74K
67 VEEV 0.10% 2,607 $777K $297.91 $172K +506 +24.1%
68 MCO 0.09% 1,585 $755K $476.48 -$60K -40 -2.5%
69 ENSG 0.09% 4,341 $750K $172.77 +4,341 NEW
70 WBD 0.09% 37,228 $727K $19.53 $136K -14,333 -27.8%
71 MELI 0.09% 310 $724K $2,336.94 $121K +79 +34.2%
72 LPX 0.08% 7,224 $642K $88.84 -$43K -743 -9.3%
73 APPF 0.08% 2,277 $628K $275.66 $122K +83 +3.8%
74 GVI 0.08% 5,723 $615K $107.44 $45K +389 +7.3%
75 RGLD 0.07% 2,915 $585K $200.58 $186K +671 +29.9%
76 QLTY 0.07% 16,000 $579K $36.19 $31K
77 CRH.L 0.07% 4,657 $558K $119.90 $183K +563 +13.8%
78 SPIB 0.07% 16,216 $550K $33.89 $30K +753 +4.9%
79 EWI 0.07% 10,000 $520K $51.95 $38K
80 XSW 0.06% 2,600 $514K $197.76 $21K
81 PML 0.06% 64,352 $509K $7.91 +64,352 NEW
82 EWT 0.06% 8,000 $509K $63.62 $50K
83 HUM 0.06% 1,922 $500K $260.17 +1,922 NEW
84 NWSA 0.06% 16,126 $495K $30.71 $163K +4,959 +44.4%
85 EWY 0.06% 6,110 $489K $80.10 $51K
86 COF 0.06% 2,254 $479K $212.58 -$13K -58 -2.5%
87 IBIT 0.06% 7,363 $479K $65.00 $28K
88 PCG 0.06% 31,650 $477K $15.08 $122K +6,144 +24.1%
89 DAR 0.06% 14,983 $463K $30.87 +14,983 NEW
90 ILMN 0.06% 4,866 $462K $94.97 +4,866 NEW
91 ECH 0.06% 14,000 $461K $32.96 $21K
92 FERG 0.06% 2,027 $455K $224.58 -$53K -306 -13.1%
93 MMD 0.06% 30,000 $454K $15.13 $10K
94 APD 0.06% 1,664 $454K $272.72 +1,664 NEW
95 EWL 0.06% 8,000 $442K $55.24 $3K
96 SHYG 0.06% 10,150 $439K $43.30 $24K +513 +5.3%
97 SHOC 0.05% 7,000 $437K $62.47 -$41K -2,000 -22.2%
98 KSPI 0.05% 5,330 $435K $81.68 $113K +1,538 +40.6%
99 IAC 0.05% 12,062 $411K $34.07 $84K +3,305 +37.7%
100 QRVO 0.05% 4,474 $407K $91.08 $25K -36 -0.8%

New Positions

SymbolValue% Port
CVLC $3M 0.44%
EAGG $2M 0.29%
FEZ $1M 0.13%
RSP $948K 0.12%
CROX $788K 0.10%
ENSG $750K 0.09%
PML $509K 0.06%
HUM $500K 0.06%
DAR $463K 0.06%
ILMN $462K 0.06%
APD $454K 0.06%
CRM $356K 0.04%
CQQQ $325K 0.04%
EWW $205K 0.03%

Sold Out Positions

SymbolValue% Port
FOUR —%
ENVA —%
STLA —%
ALLY —%
CCK —%
LRN —%
OSCR —%
IBKR —%
FA —%
ULCC —%
UPWK —%
BABA —%
ESGR —%
PMF —%
View SEC EDGAR Filings for Global Endowment Management, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms