Q2 2025 · 13F-HR
Global Endowment Management, LPholdings as filed
Filed 2025-08-13 · accession 0001085146-25-004969
$751.2M
Reported value
128
Positions
2025-06-30
Period end
The Brief · Global Endowment Management, LP · Q2 2025
AI · grounded in 13F
Global Endowment Management, LP established a new position in BND valued at $149.6M. The fund also initiated new stakes in VTI for $103.6M and VXUS for $86.5M. Additional new positions include SPY at $55.2M, VT at $38.8M, and BBRE at $35.9M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 921937835 | BND | VANGUARD BD INDEX FDS | $149.6M | 19.9% | 2,031,788 | Common | SOLE |
| 922908769 | VTI | VANGUARD INDEX FDS | $103.6M | 13.8% | 340,983 | Common | SOLE |
| 921909768 | VXUS | VANGUARD STAR FDS | $86.5M | 11.5% | 1,252,430 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $55.2M | 7.35% | 89,363 | Common | SOLE |
| 922042742 | VT | VANGUARD INTL EQUITY INDEX F | $38.8M | 5.17% | 302,086 | Common | SOLE |
| 46641Q738 | BBRE | J P MORGAN EXCHANGE TRADED F | $35.9M | 4.77% | 389,210 | Common | SOLE |
| 87313P103 | TXO | TXO PARTNERS LP | $26.1M | 3.47% | 1,733,760 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $19.1M | 2.54% | 120,938 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $15.8M | 2.10% | 77,012 | Common | SOLE |
| 922042858 | VWO | VANGUARD INTL EQUITY INDEX F | $14.7M | 1.96% | 298,000 | Common | SOLE |
| 464288182 | AAXJ | ISHARES TR | $14.0M | 1.86% | 169,272 | Common | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $14.0M | 1.86% | 24,605 | Common | SOLE |
| 464287226 | AGG | ISHARES TR | $13.5M | 1.80% | 136,465 | Common | SOLE |
| 85207H104 | PHYS | SPROTT PHYSICAL GOLD TR | $10.0M | 1.34% | 396,000 | Common | SOLE |
| 808524201 | SCHX | SCHWAB STRATEGIC TR | $9.1M | 1.22% | 373,488 | Common | SOLE |
| 464287739 | IYR | ISHARES TR | $8.9M | 1.18% | 93,880 | Common | SOLE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $8.8M | 1.17% | 65,144 | Common | SOLE |
| 464287176 | TIP | ISHARES TR | $7.2M | 0.96% | 65,197 | Common | SOLE |
| 46434G822 | EWJ | ISHARES INC | $6.4M | 0.86% | 85,801 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $5.9M | 0.79% | 8,015 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $4.6M | 0.62% | 21,165 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $4.0M | 0.54% | 8,115 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $4.0M | 0.53% | 8,201 | Common | SOLE |
| 06738C778 | DJP | BARCLAYS BANK PLC | $3.7M | 0.49% | 108,550 | Common | SOLE |
| 78463X889 | SPDW | SPDR INDEX SHS FDS | $3.4M | 0.45% | 83,912 | Common | SOLE |
| 922908553 | VNQ | VANGUARD INDEX FDS | $3.4M | 0.45% | 38,000 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $3.4M | 0.45% | 11,000 | Common | SOLE |
| 464287457 | SHY | ISHARES TR | $3.3M | 0.44% | 40,000 | Common | SOLE |
| 78464A649 | SPAB | SPDR SERIES TRUST | $2.9M | 0.39% | 113,772 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $2.9M | 0.38% | 55,000 | Common | SOLE |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $2.7M | 0.36% | 48,000 | Common | SOLE |
| 92206C706 | VGIT | VANGUARD SCOTTSDALE FDS | $2.7M | 0.36% | 44,700 | Common | SOLE |
| 92206C847 | VGLT | VANGUARD SCOTTSDALE FDS | $2.6M | 0.35% | 46,770 | Common | SOLE |
| 92203J407 | BNDX | VANGUARD CHARLOTTE FDS | $2.6M | 0.34% | 52,331 | Common | SOLE |
| 464288661 | IEI | ISHARES TR | $2.4M | 0.32% | 20,000 | Common | SOLE |
| 46138B103 | DBC | INVESCO DB COMMDY INDX TRCK | $2.2M | 0.30% | 103,088 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $2.2M | 0.29% | 12,446 | Common | SOLE |
| 464288513 | HYG | ISHARES TR | $2.0M | 0.27% | 24,840 | Common | SOLE |
| 46435G334 | EWU | ISHARES TR | $2.0M | 0.26% | 50,000 | Common | SOLE |
| 46429B598 | INDA | ISHARES TR | $1.9M | 0.26% | 35,000 | Common | SOLE |
| 78463X509 | SPEM | SPDR INDEX SHS FDS | $1.8M | 0.24% | 41,627 | Common | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $1.7M | 0.23% | 50,000 | Common | SOLE |
| 72201R304 | LTPZ | PIMCO ETF TR | $1.6M | 0.21% | 30,000 | Common | SOLE |
| 92189F437 | ANGL | VANECK ETF TRUST | $1.5M | 0.19% | 50,000 | Common | SOLE |
| 464286806 | EWG | ISHARES INC | $1.4M | 0.19% | 33,500 | Common | SOLE |
| 922042874 | VGK | VANGUARD INTL EQUITY INDEX F | $1.4M | 0.19% | 18,000 | Common | SOLE |
| 464286764 | EWP | ISHARES INC | $1.3M | 0.18% | 30,000 | Common | SOLE |
| 38173M102 | GBDC | GOLUB CAP BDC INC | $1.3M | 0.18% | 90,000 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $1.3M | 0.17% | 12,337 | Common | SOLE |
| 464286103 | EWA | ISHARES INC | $1.1M | 0.14% | 40,000 | Common | SOLE |
| 46434G780 | EWS | ISHARES INC | $1.0M | 0.14% | 40,000 | Common | SOLE |
| 37950E259 | ARGT | GLOBAL X FDS | $1.0M | 0.14% | 12,000 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $930,465 | 0.12% | 3,615 | Common | SOLE |
| 146869102 | CVNA | CARVANA CO | $921,923 | 0.12% | 2,736 | Common | SOLE |
| 81369Y852 | XLC | SELECT SECTOR SPDR TR | $868,240 | 0.12% | 8,000 | Common | SOLE |
| 615369105 | MCO | MOODYS CORP | $815,084 | 0.11% | 1,625 | Common | SOLE |
| 808524300 | SCHG | SCHWAB STRATEGIC TR | $796,265 | 0.11% | 27,260 | Common | SOLE |
| 92826C839 | V | VISA INC | $769,038 | 0.10% | 2,166 | Common | SOLE |
| 81369Y803 | XLK | SELECT SECTOR SPDR TR | $759,690 | 0.10% | 3,000 | Common | SOLE |
| 35473P710 | FLKR | FRANKLIN TEMPLETON ETF TR | $708,760 | 0.09% | 29,000 | Common | SOLE |
| 546347105 | LPX | LOUISIANA PAC CORP | $685,082 | 0.09% | 7,967 | Common | SOLE |
| 22266T109 | CPNG | COUPANG INC | $647,136 | 0.09% | 21,600 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $605,046 | 0.08% | 2,101 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $603,749 | 0.08% | 231 | Common | SOLE |
| 225310101 | CACC | CREDIT ACCEP CORP MICH | $600,618 | 0.08% | 1,179 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $590,889 | 0.08% | 51,561 | Common | SOLE |
| 464288612 | GVI | ISHARES TR | $569,618 | 0.08% | 5,334 | Common | SOLE |
| 92940WAD1 | WIX 0 08/15/25 | WIX COM LTD | $554,610 | 0.07% | 3,500 | Common | SOLE |
| 90139K100 | QLTY | 2023 ETF SERIES TRUST II | $548,160 | 0.07% | 16,000 | Common | SOLE |
| 78464A375 | SPIB | SPDR SERIES TRUST | $519,248 | 0.07% | 15,463 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $508,011 | 0.07% | 2,333 | Common | SOLE |
| 03783C100 | APPF | APPFOLIO INC | $505,234 | 0.07% | 2,194 | Common | SOLE |
| 78464A599 | XSW | SPDR SERIES TRUST | $493,532 | 0.07% | 2,600 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $491,901 | 0.07% | 2,312 | Common | SOLE |
| 78468R622 | JNK | SPDR SERIES TRUST | $486,350 | 0.06% | 5,000 | Common | SOLE |
| 46434G830 | EWI | ISHARES INC | $481,400 | 0.06% | 10,000 | Common | SOLE |
| 72200R107 | — | PIMCO MUN INCOME FD | $478,800 | 0.06% | 60,000 | Common | SOLE |
| 02072L672 | SHOC | EA SERIES TRUST | $478,178 | 0.06% | 9,000 | Common | SOLE |
| 46434G772 | EWT | ISHARES INC | $459,200 | 0.06% | 8,000 | Common | SOLE |
| 228368106 | CCK | CROWN HLDGS INC | $457,128 | 0.06% | 4,439 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $450,689 | 0.06% | 7,363 | Common | SOLE |
| 56064K100 | MMD | NYLI MACKAY DEFINEDTERM MUNI | $443,700 | 0.06% | 30,000 | Common | SOLE |
| 464286640 | ECH | ISHARES INC | $440,300 | 0.06% | 14,000 | Common | SOLE |
| 464286772 | EWY | ISHARES INC | $438,576 | 0.06% | 6,110 | Common | SOLE |
| 464286749 | EWL | ISHARES INC | $438,480 | 0.06% | 8,000 | Common | SOLE |
| 46434V407 | SHYG | ISHARES TR | $415,740 | 0.06% | 9,637 | Common | SOLE |
| 82452J109 | FOUR | SHIFT4 PMTS INC | $411,009 | 0.05% | 4,147 | Common | SOLE |
| 780287108 | RGLD | ROYAL GOLD INC | $399,073 | 0.05% | 2,244 | Common | SOLE |
| 31846B108 | FA | FIRST ADVANTAGE CORP NEW | $383,807 | 0.05% | 23,107 | Common | SOLE |
| 74736K101 | QRVO | QORVO INC | $382,944 | 0.05% | 4,510 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $375,829 | 0.05% | 4,094 | Common | SOLE |
| 29357K103 | ENVA | ENOVA INTL INC | $368,797 | 0.05% | 3,307 | Common | SOLE |
| 427096508 | HTGC | HERCULES CAPITAL INC | $365,600 | 0.05% | 20,000 | Common | SOLE |
| 668771108 | GEN | GEN DIGITAL INC | $363,854 | 0.05% | 12,376 | Common | SOLE |
| 69331C108 | PCG | PG&E CORP | $355,554 | 0.05% | 25,506 | Common | SOLE |
| 052769106 | ADSK | AUTODESK INC | $352,600 | 0.05% | 1,139 | Common | SOLE |
| 687793109 | OSCR | OSCAR HEALTH INC | $347,628 | 0.05% | 16,214 | Common | SOLE |
| 01626W101 | ALIT | ALIGHT INC | $343,845 | 0.05% | 60,750 | Common | SOLE |
| 78468R556 | XOP | SPDR SERIES TRUST | $339,660 | 0.05% | 2,700 | Common | SOLE |
| 03770N101 | APGE | APOGEE THERAPEUTICS INC | $338,624 | 0.05% | 7,797 | Common | SOLE |
| 42226K105 | HR | HEALTHCARE RLTY TR | $335,883 | 0.04% | 21,178 | Common | SOLE |
| 65249B109 | NWSA | NEWS CORP NEW | $331,883 | 0.04% | 11,167 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON & CO | $328,998 | 0.04% | 1,910 | Common | SOLE |
| 44891N208 | IAC | IAC INC | $326,986 | 0.04% | 8,757 | Common | SOLE |
| 57667L107 | MTCH | MATCH GROUP INC NEW | $325,148 | 0.04% | 10,526 | Common | SOLE |
| 48581R205 | KSPI | KASPI KZ JSC | $321,903 | 0.04% | 3,792 | Common | SOLE |
| 78464A367 | SPLB | SPDR SERIES TRUST | $313,791 | 0.04% | 13,903 | Common | SOLE |
| G3075P101 | ESGRUSD | ENSTAR GROUP LIMITED | $312,142 | 0.04% | 928 | Common | SOLE |
| 86333M108 | LRN | STRIDE INC | $309,545 | 0.04% | 2,132 | Common | SOLE |
| 461202103 | INTU | INTUIT | $309,539 | 0.04% | 393 | Common | SOLE |
| 37954Y871 | URA | GLOBAL X FDS | $307,375 | 0.04% | 7,920 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $282,367 | 0.04% | 13,491 | Common | SOLE |
| 233051879 | ASHR | DBX ETF TR | $275,400 | 0.04% | 10,000 | Common | SOLE |
| 00773J202 | SYRE | SPYRE THERAPEUTICS INC | $272,214 | 0.04% | 18,184 | Common | SOLE |
| 19239V302 | CCOI | COGENT COMMUNICATIONS HLDGS | $266,264 | 0.04% | 5,523 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $261,628 | 0.03% | 1,426 | Common | SOLE |
| 941848103 | WAT | WATERS CORP | $248,516 | 0.03% | 712 | Common | SOLE |
| 02005N100 | ALLY | ALLY FINL INC | $247,021 | 0.03% | 6,342 | Common | SOLE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $239,411 | 0.03% | 1,095 | Common | SOLE |
| 45841N107 | IBKR | INTERACTIVE BROKERS GROUP IN | $236,933 | 0.03% | 4,276 | Common | SOLE |
| 464286509 | EWC | ISHARES INC | $231,000 | 0.03% | 5,000 | Common | SOLE |
| N82405106 | STLA | STELLANTIS N.V | $217,671 | 0.03% | 21,702 | Common | SOLE |
| 303250104 | FICO | FAIR ISAAC CORP | $217,527 | 0.03% | 119 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $216,500 | 0.03% | 1,909 | Common | SOLE |
| 82889N855 | PFIX | SIMPLIFY EXCHANGE TRADED FUN | $211,360 | 0.03% | 4,000 | Common | SOLE |
| 500767553 | KCCA | KRANESHARES TRUST | $207,797 | 0.03% | 13,389 | Common | SOLE |
| 35909R108 | ULCC | FRONTIER GROUP HLDGS INC | $198,586 | 0.03% | 54,707 | Common | SOLE |
| 91688F104 | UPWK | UPWORK INC | $192,649 | 0.03% | 14,334 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.