— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Global Endowment Management, LP

Q4 2025 · Filed 2026-02-13
Market Value
$800M
+0.3%
Holdings
140
New Purchases
14
Added To
32
Closed
4
Reduced
51
Top 10 Concentration
67.1%
Turnover
12.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BBRE 5.81% 4.52% +1.29% $47M
GOOGL 3.91% 3.11% +0.81% $31M
SPY 2.46% 1.95% +0.51% $20M
VT 5.80% 5.44% +0.37% $46M
VXUS 11.24% 10.88% +0.36% $90M
EWJ 1.14% 0.86% +0.27% $9M
JNK 0.43% 0.18% +0.25% $3M
AAPL 2.69% 2.46% +0.24% $22M
IYR 1.86% 1.66% +0.21% $15M
PHYS 1.63% 1.47% +0.16% $13M
AVGO 0.16% 0.00% +0.16% $1M
EIRL 0.14% 0.00% +0.14% $1M
XLI 0.13% 0.00% +0.13% $1M
SPLG 0.12% 0.00% +0.12% $941K
DJP 0.71% 0.62% +0.09% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TXO 2.49% 4.73% -2.24% $20M
VTI 11.80% 12.63% -0.83% $94M
BND 17.40% 18.05% -0.65% $139M
GLD 0.00% 0.49% -0.49% $0
META 0.26% 0.71% -0.45% $2M
AMZN 0.36% 0.62% -0.26% $3M
DBC 0.25% 0.35% -0.11% $2M
MSFT 3.06% 3.16% -0.09% $25M
MCO 0.03% 0.09% -0.06% $255K
COF 0.00% 0.06% -0.06% $0
CPNG 0.04% 0.10% -0.06% $336K
VEEV 0.04% 0.10% -0.06% $310K
FERG 0.00% 0.06% -0.06% $0
PDD 0.09% 0.14% -0.05% $721K
ENSG 0.05% 0.09% -0.04% $393K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 17 $474M 59.2%
Large Cap 60 $173M 21.7%
Mid Cap 37 $60M 7.5%
Small Cap 20 $90M 11.2%
Micro Cap 6 $3M 0.4%

Portfolio Analytics

Avg Market Cap
$255.4B
Median Market Cap
$14.6B
Avg P/E
30.1
Median P/E
28.5
Avg Dividend Yield
0.02%
Avg Beta
1.00
# Stocks
57
# ETFs / Funds
83

Top Holdings (140 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BND 17.40% 1,879,532 $139M $74.07 -$5M -57,263 -3.0%
2 VTI 11.80% 281,603 $94M $335.27 -$6M -25,536 -8.3%
3 VXUS 11.24% 1,191,840 $90M $75.44 $3M +9,968 +0.8%
4 BBRE 5.81% 502,455 $47M $92.59 $10M +124,428 +32.9%
5 VT 5.80% 329,171 $46M $141.06 $3M +14,420 +4.6%
6 GOOGL 3.91% 100,042 $31M $313.01 $7M -1,917 -1.9%
7 MSFT 3.06% 50,677 $25M $483.63 -$683K +2,039 +4.2%
8 NVDA 2.90% 124,579 $23M $186.50 $669K +3,641 +3.0%
9 AAPL 2.69% 79,258 $22M $271.86 $2M +2,246 +2.9%
10 TXO 2.49% 1,868,298 $20M $10.67 -$18M -817,719 -30.4%
11 SPY 2.46% 28,852 $20M $681.93 $4M +5,525 +23.7%
12 VWO 2.00% 298,000 $16M $53.76 -$126K
13 AAXJ 1.92% 165,409 $15M $93.12 $299K -169 -0.1%
14 VOO 1.92% 24,463 $15M $627.11 $225K -221 -0.9%
15 IYR 1.86% 158,940 $15M $93.89 $2M +22,860 +16.8%
16 AGG 1.76% 141,206 $14M $99.88 -$23K +291 +0.2%
17 PHYS 1.63% 396,000 $13M $33.02 $1M
18 SCHX 1.22% 363,887 $10M $26.91 -$89K -11,235 -3.0%
19 XLV 1.19% 61,592 $10M $154.79 $725K -1,702 -2.7%
20 EWJ 1.14% 112,581 $9M $80.75 $2M +26,907 +31.4%
21 TIP 1.02% 74,381 $8M $109.91 -$98K
22 DJP 0.71% 151,240 $6M $37.61 $750K +11,908 +8.6%
23 GDX 0.54% 50,000 $4M $85.78 $87K -5,000 -9.1%
24 SPDW 0.50% 89,674 $4M $44.42 $334K +4,408 +5.2%
25 BRK-B 0.50% 7,925 $4M $502.59 -$179K -354 -4.3%
26 SPAB 0.48% 148,581 $4M $25.75 $738K +29,137 +24.4%
27 CVLC 0.44% 42,101 $4M $84.25 $72K -345 -0.8%
28 JNK 0.43% 35,550 $3M $97.22 $2M +20,550 +137.0%
29 VNQ 0.42% 38,000 $3M $88.50 -$111K
30 SHY 0.41% 40,000 $3M $82.83 -$5K
31 VEA 0.37% 48,000 $3M $62.48 $123K
32 AMZN 0.36% 12,478 $3M $230.81 -$2M -9,884 -44.2%
33 BNDX 0.34% 56,764 $3M $48.32 -$55K +196 +0.3%
34 VGIT 0.33% 44,700 $3M $59.93 -$4K
35 KWEB 0.33% 77,000 $3M $34.05 $522K +27,000 +54.0%
36 VGLT 0.33% 46,770 $3M $55.81 -$49K
37 IEI 0.30% 20,000 $2M $119.35 -$3K
38 EAGG 0.30% 49,674 $2M $47.85 $72K +1,680 +3.5%
39 EWU 0.27% 50,000 $2M $43.98 $100K
40 HYG 0.27% 26,715 $2M $80.63 -$15K
41 META 0.26% 3,177 $2M $660.06 -$4M -4,520 -58.7%
42 DBC 0.25% 87,862 $2M $22.36 -$834K -36,390 -29.3%
43 SPEM 0.24% 41,231 $2M $46.81 -$41K -873 -2.1%
44 EWP 0.20% 30,000 $2M $53.90 $132K
45 LTPZ 0.19% 30,000 $2M $51.77 -$45K
46 ANGL 0.18% 50,000 $1M $29.36 -$18K
47 EWG 0.18% 33,500 $1M $42.51 $30K
48 AVGO 0.16% 3,646 $1M $346.13 +3,646 NEW
49 FEZ 0.14% 17,160 $1M $64.39 $39K
50 EIRL 0.14% 15,000 $1M $73.53 +15,000 NEW
51 EWS 0.14% 40,000 $1M $27.50 -$34K
52 EWA 0.13% 40,000 $1M $26.20 -$32K
53 XLI 0.13% 6,500 $1M $155.08 +6,500 NEW
54 RSP 0.12% 5,000 $958K $191.60 $10K
55 GBDC 0.12% 70,000 $950K $13.57 $129K +10,000 +16.7%
56 XLC 0.12% 8,000 $942K $117.75 -$5K
57 SPLG 0.12% 11,731 $941K $80.21 +11,731 NEW
58 CROX 0.12% 10,915 $933K $85.48 $145K +1,479 +15.7%
59 FLKR 0.12% 29,000 $929K $32.03 $146K
60 ARGT 0.11% 10,000 $914K $91.40 $77K -2,000 -16.7%
61 EWY 0.11% 9,000 $875K $97.22 $386K +2,890 +47.3%
62 XLK 0.11% 6,000 $864K $144.00 $18K +3,000 +100.0%
63 SCHG 0.11% 26,100 $851K $32.61 -$18K -1,118 -4.1%
64 INDA 0.10% 15,500 $838K $54.06 $31K
65 CVNA 0.10% 1,848 $780K $422.08 -$121K -541 -22.6%
66 PDD 0.09% 6,358 $721K $113.40 -$397K -2,099 -24.8%
67 V 0.09% 1,949 $684K $350.95 -$135K -451 -18.8%
68 SPIB 0.09% 20,230 $684K $33.81 $134K +4,014 +24.8%
69 GE 0.08% 2,142 $660K $308.12 -$235K -834 -28.0%
70 GVI 0.08% 5,868 $630K $107.36 $15K +145 +2.5%
71 QLTY 0.08% 16,000 $615K $38.44 $36K
72 SYRE 0.07% 18,184 $596K $32.78 $291K
73 CACC 0.07% 1,312 $582K $443.60 -$315K -609 -31.7%
74 IBIT 0.07% 11,541 $573K $49.65 $94K +4,178 +56.7%
75 ECH 0.07% 14,000 $566K $40.43 $105K
76 RGLD 0.07% 2,475 $550K $222.22 -$35K -440 -15.1%
77 SHYG 0.07% 12,773 $547K $42.82 $108K +2,623 +25.8%
78 EWI 0.07% 10,000 $543K $54.30 $24K
79 FXI 0.07% 14,000 $536K $38.29 +14,000 NEW
80 CQQQ 0.06% 10,000 $520K $52.00 $195K +4,500 +81.8%
81 KRE 0.06% 8,000 $518K $64.75 +8,000 NEW
82 EWT 0.06% 8,000 $508K $63.50 -$960
83 XSW 0.06% 2,600 $487K $187.31 -$27K
84 PML 0.06% 64,352 $485K $7.54 -$24K
85 EWL 0.06% 8,000 $480K $60.00 $38K
86 CRH.L 0.06% 3,846 $480K $124.80 -$78K -811 -17.4%
87 SHOC 0.06% 7,000 $480K $68.57 $43K
88 KSPI 0.06% 6,091 $476K $78.15 $41K +761 +14.3%
89 MMD 0.06% 30,000 $446K $14.87 -$8K
90 TSM 0.05% 1,429 $434K $303.71 +1,429 NEW
91 LPX 0.05% 5,201 $420K $80.75 -$222K -2,023 -28.0%
92 VGK 0.05% 5,000 $418K $83.60 $19K
93 SPLB 0.05% 18,080 $409K $22.62 $72K +3,525 +24.2%
94 ENSG 0.05% 2,258 $393K $174.05 -$357K -2,083 -48.0%
95 WBD 0.05% 13,556 $391K $28.84 -$336K -23,672 -63.6%
96 MELI 0.05% 192 $387K $2,015.63 -$337K -118 -38.1%
97 PFIX 0.05% 8,000 $383K $47.88 -$2K
98 ENVA 0.05% 2,412 $379K $157.13 +2,412 NEW
99 HTGC 0.05% 20,000 $376K $18.80 $92K +5,000 +33.3%
100 APPF 0.05% 1,603 $373K $232.69 -$255K -674 -29.6%

New Positions

SymbolValue% Port
AVGO $1M 0.16%
EIRL $1M 0.14%
XLI $1M 0.13%
SPLG $941K 0.12%
FXI $536K 0.07%
KRE $518K 0.06%
TSM $434K 0.05%
ENVA $379K 0.05%
USO $346K 0.04%
SHC $343K 0.04%
HUMN $291K 0.04%
CIBR $286K 0.04%
BILL $257K 0.03%
ITA $245K 0.03%

Sold Out Positions

SymbolValue% Port
FERG —%
COF —%
FICO —%
GLD —%
View SEC EDGAR Filings for Global Endowment Management, LP →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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