Q3 2025 · 13F-HR
Global Endowment Management, LPholdings as filed
Filed 2025-11-13 · accession 0001512237-25-000007
$798.6M
Reported value
128
Positions
2025-09-30
Period end
The Brief · Global Endowment Management, LP · Q3 2025
AI · grounded in 13F
Global Endowment Management, LP established a new position in BND valued at $144.0M. The fund also initiated new stakes in VTI for $100.8M and VXUS for $86.8M. Additional new positions include VT at $43.4M, TXO at $37.7M, and BBRE at $36.1M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 921937835 | BND | VANGUARD BD INDEX FDS | $144.0M | 18.0% | 1,936,795 | Common | SOLE |
| 922908769 | VTI | VANGUARD INDEX FDS | $100.8M | 12.6% | 307,139 | Common | SOLE |
| 921909768 | VXUS | VANGUARD STAR FDS | $86.8M | 10.9% | 1,181,872 | Common | SOLE |
| 922042742 | VT | VANGUARD INTL EQUITY INDEX F | $43.4M | 5.43% | 314,751 | Common | SOLE |
| 87313P103 | TXO | TXO PARTNERS LP | $37.7M | 4.73% | 2,686,017 | Common | SOLE |
| 46641Q738 | BBRE | J P MORGAN EXCHANGE TRADED F | $36.1M | 4.52% | 378,027 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $25.2M | 3.15% | 48,638 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $24.8M | 3.10% | 101,959 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $22.6M | 2.83% | 120,938 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $19.6M | 2.46% | 77,012 | Common | SOLE |
| 922042858 | VWO | VANGUARD INTL EQUITY INDEX F | $16.1M | 2.02% | 298,000 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $15.5M | 1.95% | 23,327 | Common | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $15.1M | 1.89% | 24,684 | Common | SOLE |
| 464288182 | AAXJ | ISHARES TR | $15.1M | 1.89% | 165,578 | Common | SOLE |
| 464287226 | AGG | ISHARES TR | $14.1M | 1.77% | 140,915 | Common | SOLE |
| 464287739 | IYR | ISHARES TR | $13.2M | 1.65% | 136,080 | Common | SOLE |
| 85207H104 | PHYS | SPROTT ASSET MANAGEMENT LP | $11.7M | 1.47% | 396,000 | Common | SOLE |
| 808524201 | SCHX | SCHWAB STRATEGIC TR | $9.9M | 1.24% | 375,122 | Common | SOLE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $8.8M | 1.10% | 63,294 | Common | SOLE |
| 464287176 | TIP | ISHARES TR | $8.3M | 1.04% | 74,381 | Common | SOLE |
| 46434G822 | EWJ | ISHARES INC | $6.9M | 0.86% | 85,674 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $5.7M | 0.71% | 7,697 | Common | SOLE |
| 06738C778 | DJP | BARCLAYS BANK PLC | $4.9M | 0.62% | 139,332 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $4.9M | 0.61% | 22,362 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $4.2M | 0.53% | 55,000 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $4.2M | 0.52% | 8,279 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $3.9M | 0.49% | 11,000 | Common | SOLE |
| 78463X889 | SPDW | SPDR INDEX SHS FDS | $3.6M | 0.46% | 85,266 | Common | SOLE |
| 61774R205 | CVLC | MORGAN STANLEY ETF TRUST | $3.5M | 0.44% | 42,446 | Common | SOLE |
| 922908553 | VNQ | VANGUARD INDEX FDS | $3.5M | 0.44% | 38,000 | Common | SOLE |
| 464287457 | SHY | ISHARES TR | $3.3M | 0.42% | 40,000 | Common | SOLE |
| 78464A649 | SPAB | SPDR SERIES TRUST | $3.1M | 0.39% | 119,444 | Common | SOLE |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $2.9M | 0.36% | 48,000 | Common | SOLE |
| 46138B103 | DBC | INVESCO DB COMMDY INDX TRCK | $2.8M | 0.35% | 124,252 | Common | SOLE |
| 92203J407 | BNDX | VANGUARD CHARLOTTE FDS | $2.8M | 0.35% | 56,568 | Common | SOLE |
| 92206C706 | VGIT | VANGUARD SCOTTSDALE FDS | $2.7M | 0.34% | 44,700 | Common | SOLE |
| 92206C847 | VGLT | VANGUARD SCOTTSDALE FDS | $2.7M | 0.33% | 46,770 | Common | SOLE |
| 464288661 | IEI | ISHARES TR | $2.4M | 0.30% | 20,000 | Common | SOLE |
| 46435U549 | EAGG | ISHARES TR | $2.3M | 0.29% | 47,994 | Common | SOLE |
| 464288513 | HYG | ISHARES TR | $2.2M | 0.27% | 26,715 | Common | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $2.1M | 0.26% | 50,000 | Common | SOLE |
| 46435G334 | EWU | ISHARES TR | $2.1M | 0.26% | 50,000 | Common | SOLE |
| 78463X509 | SPEM | SPDR INDEX SHS FDS | $2.0M | 0.25% | 42,104 | Common | SOLE |
| 72201R304 | LTPZ | PIMCO ETF TR | $1.6M | 0.20% | 30,000 | Common | SOLE |
| 92189F437 | ANGL | VANECK ETF TRUST | $1.5M | 0.19% | 50,000 | Common | SOLE |
| 464286764 | EWP | ISHARES INC | $1.5M | 0.19% | 30,000 | Common | SOLE |
| 78468R622 | JNK | SPDR SERIES TRUST | $1.5M | 0.18% | 15,000 | Common | SOLE |
| 464286806 | EWG | ISHARES INC | $1.4M | 0.17% | 33,500 | Common | SOLE |
| 46434G780 | EWS | ISHARES INC | $1.1M | 0.14% | 40,000 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $1.1M | 0.14% | 8,457 | Common | SOLE |
| 464286103 | EWA | ISHARES INC | $1.1M | 0.14% | 40,000 | Common | SOLE |
| 78463X202 | FEZ | SPDR INDEX SHS FDS | $1.1M | 0.13% | 17,160 | Common | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $948,500 | 0.12% | 5,000 | Common | SOLE |
| 81369Y852 | XLC | SELECT SECTOR SPDR TR | $946,960 | 0.12% | 8,000 | Common | SOLE |
| 146869102 | CVNA | CARVANA CO | $901,226 | 0.11% | 2,389 | Common | SOLE |
| 225310101 | CACC | CREDIT ACCEP CORP MICH | $896,973 | 0.11% | 1,921 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $895,240 | 0.11% | 2,976 | Common | SOLE |
| 808524300 | SCHG | SCHWAB STRATEGIC TR | $868,526 | 0.11% | 27,218 | Common | SOLE |
| 81369Y803 | XLK | SELECT SECTOR SPDR TR | $845,580 | 0.11% | 3,000 | Common | SOLE |
| 37950E259 | ARGT | GLOBAL X FDS | $837,120 | 0.10% | 12,000 | Common | SOLE |
| 38173M102 | GBDC | GOLUB CAP BDC INC | $821,400 | 0.10% | 60,000 | Common | SOLE |
| 92826C839 | V | VISA INC | $819,312 | 0.10% | 2,400 | Common | SOLE |
| 22266T109 | CPNG | COUPANG INC | $810,410 | 0.10% | 25,168 | Common | SOLE |
| 46429B598 | INDA | ISHARES TR | $806,930 | 0.10% | 15,500 | Common | SOLE |
| 227046109 | CROX | CROCS INC | $788,378 | 0.10% | 9,436 | Common | SOLE |
| 35473P710 | FLKR | FRANKLIN TEMPLETON ETF TR | $782,710 | 0.10% | 29,000 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $776,651 | 0.10% | 2,607 | Common | SOLE |
| 615369105 | MCO | MOODYS CORP | $755,221 | 0.09% | 1,585 | Common | SOLE |
| 29358P101 | ENSG | ENSIGN GROUP INC | $749,995 | 0.09% | 4,341 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $727,063 | 0.09% | 37,228 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $724,451 | 0.09% | 310 | Common | SOLE |
| 546347105 | LPX | LOUISIANA PAC CORP | $641,780 | 0.08% | 7,224 | Common | SOLE |
| 03783C100 | APPF | APPFOLIO INC | $627,678 | 0.08% | 2,277 | Common | SOLE |
| 464288612 | GVI | ISHARES TR | $614,862 | 0.08% | 5,723 | Common | SOLE |
| 780287108 | RGLD | ROYAL GOLD INC | $584,691 | 0.07% | 2,915 | Common | SOLE |
| 90139K100 | QLTY | 2023 ETF SERIES TRUST II | $579,040 | 0.07% | 16,000 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $558,374 | 0.07% | 4,657 | Common | SOLE |
| 78464A375 | SPIB | SPDR SERIES TRUST | $549,560 | 0.07% | 16,216 | Common | SOLE |
| 46434G830 | EWI | ISHARES INC | $519,500 | 0.07% | 10,000 | Common | SOLE |
| 78464A599 | XSW | SPDR SERIES TRUST | $514,176 | 0.06% | 2,600 | Common | SOLE |
| 72200W106 | PML | PIMCO MUN INCOME FD II | $509,024 | 0.06% | 64,352 | Common | SOLE |
| 46434G772 | EWT | ISHARES INC | $508,960 | 0.06% | 8,000 | Common | SOLE |
| 444859102 | HUM | HUMANA INC | $500,047 | 0.06% | 1,922 | Common | SOLE |
| 65249B109 | NWSA | NEWS CORP NEW | $495,229 | 0.06% | 16,126 | Common | SOLE |
| 464286772 | EWY | ISHARES INC | $489,411 | 0.06% | 6,110 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $479,155 | 0.06% | 2,254 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $478,595 | 0.06% | 7,363 | Common | SOLE |
| 69331C108 | PCG | PG&E CORP | $477,282 | 0.06% | 31,650 | Common | SOLE |
| 237266101 | DAR | DARLING INGREDIENTS INC | $462,525 | 0.06% | 14,983 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $462,124 | 0.06% | 4,866 | Common | SOLE |
| 464286640 | ECH | ISHARES INC | $461,440 | 0.06% | 14,000 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $455,224 | 0.06% | 2,027 | Common | SOLE |
| 56064K100 | MMD | NYLI MACKAY DEFINEDTERM MUNI | $453,900 | 0.06% | 30,000 | Common | SOLE |
| 009158106 | APD | AIR PRODS & CHEMS INC | $453,806 | 0.06% | 1,664 | Common | SOLE |
| 464286749 | EWL | ISHARES INC | $441,920 | 0.06% | 8,000 | Common | SOLE |
| 46434V407 | SHYG | ISHARES TR | $439,495 | 0.06% | 10,150 | Common | SOLE |
| 02072L672 | SHOC | EA SERIES TRUST | $437,271 | 0.05% | 7,000 | Common | SOLE |
| 48581R205 | KSPI | KASPI KZ JSC | $435,354 | 0.05% | 5,330 | Common | SOLE |
| 44891N208 | IAC | IAC INC | $410,952 | 0.05% | 12,062 | Common | SOLE |
| 74736K101 | QRVO | QORVO INC | $407,492 | 0.05% | 4,474 | Common | SOLE |
| 42226K105 | HR | HEALTHCARE RLTY TR | $405,639 | 0.05% | 22,498 | Common | SOLE |
| 19239V302 | CCOI | COGENT COMMUNICATIONS HLDGS | $401,333 | 0.05% | 10,465 | Common | SOLE |
| 052769106 | ADSK | AUTODESK INC | $399,947 | 0.05% | 1,259 | Common | SOLE |
| 922042874 | VGK | VANGUARD INTL EQUITY INDEX F | $399,000 | 0.05% | 5,000 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON & CO | $397,362 | 0.05% | 2,123 | Common | SOLE |
| 57667L107 | MTCH | MATCH GROUP INC NEW | $396,432 | 0.05% | 11,224 | Common | SOLE |
| 82889N855 | PFIX | SIMPLIFY EXCHANGE TRADED FUN | $385,360 | 0.05% | 8,000 | Common | SOLE |
| 37954Y871 | URA | GLOBAL X FDS | $377,546 | 0.05% | 7,920 | Common | SOLE |
| 668771108 | GEN | GEN DIGITAL INC | $371,001 | 0.05% | 13,068 | Common | SOLE |
| 78468R556 | XOP | SPDR SERIES TRUST | $356,940 | 0.04% | 2,700 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $356,448 | 0.04% | 1,504 | Common | SOLE |
| 303250104 | FICO | FAIR ISAAC CORP | $347,195 | 0.04% | 232 | Common | SOLE |
| 78464A367 | SPLB | SPDR SERIES TRUST | $336,512 | 0.04% | 14,555 | Common | SOLE |
| 941848103 | WAT | WATERS CORP | $331,290 | 0.04% | 1,105 | Common | SOLE |
| 233051879 | ASHR | DBX ETF TR | $329,800 | 0.04% | 10,000 | Common | SOLE |
| 46138E800 | CQQQ | INVESCO EXCH TRADED FD TR II | $324,555 | 0.04% | 5,500 | Common | SOLE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $320,836 | 0.04% | 1,592 | Common | SOLE |
| 03770N101 | APGE | APOGEE THERAPEUTICS INC | $309,775 | 0.04% | 7,797 | Common | SOLE |
| 00773J202 | SYRE | SPYRE THERAPEUTICS INC | $304,764 | 0.04% | 18,184 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $285,068 | 0.04% | 1,692 | Common | SOLE |
| 427096508 | HTGC | HERCULES CAPITAL INC | $283,650 | 0.04% | 15,000 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $278,328 | 0.03% | 17,149 | Common | SOLE |
| 461202103 | INTU | INTUIT | $273,847 | 0.03% | 401 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $264,922 | 0.03% | 1,043 | Common | SOLE |
| 464286509 | EWC | ISHARES INC | $252,750 | 0.03% | 5,000 | Common | SOLE |
| 01626W101 | ALIT | ALIGHT INC | $241,351 | 0.03% | 74,034 | Common | SOLE |
| 500767553 | KCCA | KRANESHARES TRUST | $228,550 | 0.03% | 13,389 | Common | SOLE |
| 464286822 | EWW | ISHARES INC | $204,630 | 0.03% | 3,000 | 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.