Q4 2025 · 13F-HR
Global Endowment Management, LPholdings as filed
Filed 2026-02-13 · accession 0001512237-26-000002
$801.1M
Reported value
138
Positions
2025-12-31
Period end
The Brief · Global Endowment Management, LP · Q4 2025
AI · grounded in 13F
Global Endowment Management, LP reduced its position in META by 58.72% and trimmed AMZN by 44.2%. The fund closed its position in GLD, resulting in a decrease of $3.91M. On the buy side, the fund increased its holdings in BBRE by 32.92% and EWJ by 31.41%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 921937835 | BND | VANGUARD BD INDEX FDS | $139.2M | 17.4% | 1,879,532 | Common | SOLE |
| 922908769 | VTI | VANGUARD INDEX FDS | $94.4M | 11.8% | 281,603 | Common | SOLE |
| 921909768 | VXUS | VANGUARD STAR FDS | $89.9M | 11.2% | 1,191,840 | Common | SOLE |
| 46641Q738 | BBRE | J P MORGAN EXCHANGE TRADED F | $46.5M | 5.81% | 502,455 | Common | SOLE |
| 922042742 | VT | VANGUARD INTL EQUITY INDEX F | $46.4M | 5.80% | 329,171 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $31.3M | 3.91% | 100,042 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $24.5M | 3.06% | 50,677 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $23.2M | 2.90% | 124,579 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $21.5M | 2.69% | 79,258 | Common | SOLE |
| 87313P103 | TXO | TXO PARTNERS LP | $19.9M | 2.49% | 1,868,298 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $19.7M | 2.46% | 28,852 | Common | SOLE |
| 922042858 | VWO | VANGUARD INTL EQUITY INDEX F | $16.0M | 2.00% | 298,000 | Common | SOLE |
| 464288182 | AAXJ | ISHARES TR | $15.4M | 1.92% | 165,409 | Common | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $15.3M | 1.91% | 24,463 | Common | SOLE |
| 464287739 | IYR | ISHARES TR | $14.9M | 1.86% | 158,940 | Common | SOLE |
| 464287226 | AGG | ISHARES TR | $14.1M | 1.76% | 141,206 | Common | SOLE |
| 85207H104 | PHYS | SPROTT ASSET MANAGEMENT LP | $13.1M | 1.63% | 396,000 | Common | SOLE |
| 808524201 | SCHX | SCHWAB STRATEGIC TR | $9.8M | 1.22% | 363,887 | Common | SOLE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $9.5M | 1.19% | 61,592 | Common | SOLE |
| 46434G822 | EWJ | ISHARES INC | $9.1M | 1.13% | 112,581 | Common | SOLE |
| 464287176 | TIP | ISHARES TR | $8.2M | 1.02% | 74,381 | Common | SOLE |
| 06738C778 | DJP | BARCLAYS BANK PLC | $5.7M | 0.71% | 151,240 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $4.3M | 0.54% | 50,000 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $4.0M | 0.50% | 7,925 | Common | SOLE |
| 78463X889 | SPDW | SPDR INDEX SHS FDS | $4.0M | 0.50% | 89,674 | Common | SOLE |
| 78464A649 | SPAB | SPDR SERIES TRUST | $3.8M | 0.48% | 148,581 | Common | SOLE |
| 61774R205 | CVLC | MORGAN STANLEY ETF TRUST | $3.5M | 0.44% | 42,101 | Common | SOLE |
| 78468R622 | JNK | SPDR SERIES TRUST | $3.5M | 0.43% | 35,550 | Common | SOLE |
| 922908553 | VNQ | VANGUARD INDEX FDS | $3.4M | 0.42% | 38,000 | Common | SOLE |
| 464287457 | SHY | ISHARES TR | $3.3M | 0.41% | 40,000 | Common | SOLE |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $3.0M | 0.37% | 48,000 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $2.9M | 0.36% | 12,478 | Common | SOLE |
| 92203J407 | BNDX | VANGUARD CHARLOTTE FDS | $2.7M | 0.34% | 56,764 | Common | SOLE |
| 92206C706 | VGIT | VANGUARD SCOTTSDALE FDS | $2.7M | 0.33% | 44,700 | Common | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $2.6M | 0.33% | 77,000 | Common | SOLE |
| 92206C847 | VGLT | VANGUARD SCOTTSDALE FDS | $2.6M | 0.33% | 46,770 | Common | SOLE |
| 464288661 | IEI | ISHARES TR | $2.4M | 0.30% | 20,000 | Common | SOLE |
| 46435U549 | EAGG | ISHARES TR | $2.4M | 0.30% | 49,674 | Common | SOLE |
| 46435G334 | EWU | ISHARES TR | $2.2M | 0.27% | 50,000 | Common | SOLE |
| 464288513 | HYG | ISHARES TR | $2.2M | 0.27% | 26,715 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $2.1M | 0.26% | 3,177 | Common | SOLE |
| 46138B103 | DBC | INVESCO DB COMMDY INDX TRCK | $2.0M | 0.25% | 87,862 | Common | SOLE |
| 78463X509 | SPEM | SPDR INDEX SHS FDS | $1.9M | 0.24% | 41,231 | Common | SOLE |
| 464286764 | EWP | ISHARES INC | $1.6M | 0.20% | 30,000 | Common | SOLE |
| 72201R304 | LTPZ | PIMCO ETF TR | $1.6M | 0.19% | 30,000 | Common | SOLE |
| 92189F437 | ANGL | VANECK ETF TRUST | $1.5M | 0.18% | 50,000 | Common | SOLE |
| 464286806 | EWG | ISHARES INC | $1.4M | 0.18% | 33,500 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $1.3M | 0.16% | 3,646 | Common | SOLE |
| 78463X202 | FEZ | SPDR INDEX SHS FDS | $1.1M | 0.14% | 17,160 | Common | SOLE |
| 46429B507 | EIRL | ISHARES TR | $1.1M | 0.14% | 15,000 | Common | SOLE |
| 46434G780 | EWS | ISHARES INC | $1.1M | 0.14% | 40,000 | Common | SOLE |
| 464286103 | EWA | ISHARES INC | $1.0M | 0.13% | 40,000 | Common | SOLE |
| 81369Y704 | XLI | SELECT SECTOR SPDR TR | $1.0M | 0.13% | 6,500 | Common | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $958,000 | 0.12% | 5,000 | Common | SOLE |
| 38173M102 | GBDC | GOLUB CAP BDC INC | $950,000 | 0.12% | 70,000 | Common | SOLE |
| 81369Y852 | XLC | SELECT SECTOR SPDR TR | $942,000 | 0.12% | 8,000 | Common | SOLE |
| 78464A854 | SPYM | SPDR SERIES TRUST | $941,000 | 0.12% | 11,731 | Common | SOLE |
| 227046109 | CROX | CROCS INC | $933,000 | 0.12% | 10,915 | Common | SOLE |
| 35473P710 | FLKR | FRANKLIN TEMPLETON ETF TR | $929,000 | 0.12% | 29,000 | Common | SOLE |
| 37950E259 | ARGT | GLOBAL X FDS | $914,000 | 0.11% | 10,000 | Common | SOLE |
| 464286772 | EWY | ISHARES INC | $875,000 | 0.11% | 9,000 | Common | SOLE |
| 81369Y803 | XLK | SELECT SECTOR SPDR TR | $864,000 | 0.11% | 6,000 | Common | SOLE |
| 808524300 | SCHG | SCHWAB STRATEGIC TR | $851,000 | 0.11% | 26,100 | Common | SOLE |
| 46429B598 | INDA | ISHARES TR | $838,000 | 0.10% | 15,500 | Common | SOLE |
| 146869102 | CVNA | CARVANA CO | $780,000 | 0.10% | 1,848 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $721,000 | 0.09% | 6,358 | Common | SOLE |
| 78464A375 | SPIB | SPDR SERIES TRUST | $684,000 | 0.09% | 20,230 | Common | SOLE |
| 92826C839 | V | VISA INC | $684,000 | 0.09% | 1,949 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $660,000 | 0.08% | 2,142 | Common | SOLE |
| 464288612 | GVI | ISHARES TR | $630,000 | 0.08% | 5,868 | Common | SOLE |
| 90139K100 | QLTY | GMO ETF TRUST | $615,000 | 0.08% | 16,000 | Common | SOLE |
| 00773J202 | SYRE | SPYRE THERAPEUTICS INC | $596,000 | 0.07% | 18,184 | Common | SOLE |
| 03770N101 | APGE | APOGEE THERAPEUTICS INC | $589,000 | 0.07% | 7,797 | Common | SOLE |
| 225310101 | CACC | CREDIT ACCEP CORP MICH | $582,000 | 0.07% | 1,312 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $573,000 | 0.07% | 11,541 | Common | SOLE |
| 464286640 | ECH | ISHARES INC | $566,000 | 0.07% | 14,000 | Common | SOLE |
| 780287108 | RGLD | ROYAL GOLD INC | $550,000 | 0.07% | 2,475 | Common | SOLE |
| 46434V407 | SHYG | ISHARES TR | $547,000 | 0.07% | 12,773 | Common | SOLE |
| 46434G830 | EWI | ISHARES INC | $543,000 | 0.07% | 10,000 | Common | SOLE |
| 464287184 | FXI | ISHARES TR | $536,000 | 0.07% | 14,000 | Common | SOLE |
| 46138E800 | CQQQ | INVESCO EXCH TRADED FD TR II | $520,000 | 0.06% | 10,000 | Common | SOLE |
| 78464A698 | KRE | SPDR SERIES TRUST | $518,000 | 0.06% | 8,000 | Common | SOLE |
| 46434G772 | EWT | ISHARES INC | $508,000 | 0.06% | 8,000 | Common | SOLE |
| 78464A599 | XSW | SPDR SERIES TRUST | $487,000 | 0.06% | 2,600 | Common | SOLE |
| 72200W106 | PML | PIMCO MUN INCOME FD II | $485,000 | 0.06% | 64,352 | Common | SOLE |
| 02072L672 | SHOC | EA SERIES TRUST | $480,000 | 0.06% | 7,000 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $480,000 | 0.06% | 3,846 | Common | SOLE |
| 464286749 | EWL | ISHARES INC | $480,000 | 0.06% | 8,000 | Common | SOLE |
| 48581R205 | KSPI | KASPI KZ JSC | $476,000 | 0.06% | 6,091 | Common | SOLE |
| 56064K100 | MMD | NYLI MACKAY DEFINEDTERM MUNI | $446,000 | 0.06% | 30,000 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $434,000 | 0.05% | 1,429 | Common | SOLE |
| 546347105 | LPX | LOUISIANA PAC CORP | $420,000 | 0.05% | 5,201 | Common | SOLE |
| 922042874 | VGK | VANGUARD INTL EQUITY INDEX F | $418,000 | 0.05% | 5,000 | Common | SOLE |
| 78464A367 | SPLB | SPDR SERIES TRUST | $409,000 | 0.05% | 18,080 | Common | SOLE |
| 29358P101 | ENSG | ENSIGN GROUP INC | $393,000 | 0.05% | 2,258 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $391,000 | 0.05% | 13,556 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $387,000 | 0.05% | 192 | Common | SOLE |
| 82889N855 | PFIX | SIMPLIFY EXCHANGE TRADED FUN | $383,000 | 0.05% | 8,000 | Common | SOLE |
| 29357K103 | ENVA | ENOVA INTL INC | $379,000 | 0.05% | 2,412 | Common | SOLE |
| 427096508 | HTGC | HERCULES CAPITAL INC | $376,000 | 0.05% | 20,000 | Common | SOLE |
| 03783C100 | APPF | APPFOLIO INC | $373,000 | 0.05% | 1,603 | Common | SOLE |
| 44891N208 | IAC | IAC INC | $355,000 | 0.04% | 9,088 | Common | SOLE |
| 91232N207 | USO | UNITED STS OIL FD LP | $346,000 | 0.04% | 5,000 | Common | SOLE |
| 83601L102 | SHC | SOTERA HEALTH CO | $343,000 | 0.04% | 19,468 | Common | SOLE |
| 37954Y871 | URA | GLOBAL X FDS | $342,000 | 0.04% | 8,000 | Common | SOLE |
| 78468R556 | XOP | SPDR SERIES TRUST | $341,000 | 0.04% | 2,700 | Common | SOLE |
| 22266T109 | CPNG | COUPANG INC | $336,000 | 0.04% | 14,240 | Common | SOLE |
| 237266101 | DAR | DARLING INGREDIENTS INC | $332,000 | 0.04% | 9,222 | Common | SOLE |
| 233051879 | ASHR | DBX ETF TR | $329,000 | 0.04% | 10,000 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $329,000 | 0.04% | 2,509 | Common | SOLE |
| 444859102 | HUM | HUMANA INC | $312,000 | 0.04% | 1,218 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $310,000 | 0.04% | 1,389 | Common | SOLE |
| 69331C108 | PCG | PG&E CORP | $299,000 | 0.04% | 18,602 | Common | SOLE |
| 65249B109 | NWSA | NEWS CORP NEW | $295,000 | 0.04% | 11,280 | Common | SOLE |
| 77926X650 | HUMN | ROUNDHILL ETF TRUST | $291,000 | 0.04% | 9,760 | Common | SOLE |
| 009158106 | APD | AIR PRODS & CHEMS INC | $291,000 | 0.04% | 1,178 | Common | SOLE |
| 33734X846 | CIBR | FIRST TR EXCHANGE TRADED FD | $286,000 | 0.04% | 4,000 | Common | SOLE |
| 464286509 | EWC | ISHARES INC | $270,000 | 0.03% | 5,000 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $265,000 | 0.03% | 1,635 | Common | SOLE |
| 19239V302 | CCOI | COGENT COMMUNICATIONS HLDGS | $265,000 | 0.03% | 12,297 | Common | SOLE |
| 090043100 | BILL | BILL HOLDINGS INC | $257,000 | 0.03% | 4,720 | Common | SOLE |
| 615369105 | MCO | MOODYS CORP | $255,000 | 0.03% | 499 | Common | SOLE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $251,000 | 0.03% | 1,352 | Common | SOLE |
| 461202103 | INTU | INTUIT | $251,000 | 0.03% | 379 | Common | SOLE |
| 941848103 | WAT | WATERS CORP | $249,000 | 0.03% | 655 | Common | SOLE |
| 464288760 | ITA | ISHARES TR | $245,000 | 0.03% | 1,140 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $238,000 | 0.03% | 899 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON & CO | $236,000 | 0.03% | 1,218 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $235,000 | 0.03% | 1,094 | Common | SOLE |
| 668771108 | GEN | GEN DIGITAL INC | $229,000 | 0.03% | 8,420 | Common | SOLE |
| 500767553 | KCCA | KRANESHARES TRUST | $225,000 | 0.03% | 13,389 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $221,000 | 0.03% | 12,807 | Common | SOLE |
| 052769106 | ADSK | AUTODESK INC | $215,000 | 0.03% | 727 | Common | SOLE |
| 74736K101 | QRVO | QORVO INC | $213,000 | 0.03% | 2,522 | Common | SOLE |
| 57667L107 | MTCH | MATCH GROUP INC NEW | $210,000 | 0.03% | 6,514 | Common | SOLE |
| 464286822 | EWW | ISHARES INC | $208,000 | 0.03% | 3,000 | Common | SOLE |
| 42226K105 | HR | HEALTHCARE RLTY TR | $201,000 | 0.03% | 11,841 | Common | SOLE |
| 01626W101 | ALIT | ALIGHT INC | $183,000 | 0.02% | 93,980 | 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.