# Global Endowment Management, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1512237. Source: https://holderbook.com/funds/1512237-global-endowment-management-lp/

- Reported value: $986.5M
- Positions: 72
- Weight of the ten largest: 73.3%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $209.0M | 1,331,484 | 21.2% | 10 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $117.4M | 317,307 | 11.9% | 29 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $107.4M | 1,463,086 | 10.9% | 31 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $104.1M | 1,217,344 | 10.5% | 29 |
| J P MORGAN EXCHANGE TRADED F | [BBRE](https://holderbook.com/stocks/BBRE/) | $45.8M | 427,282 | 4.6% | 30 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $35.9M | 362,472 | 3.6% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $35.8M | 100,042 | 3.6% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $24.9M | 124,579 | 2.5% | 9 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $21.6M | 74,820 | 2.2% | 19 |
| ISHARES TR | [IYR](https://holderbook.com/stocks/IYR/) | $20.9M | 204,000 | 2.1% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $18.4M | 49,241 | 1.9% | 24 |
| ISHARES TR | [AAXJ](https://holderbook.com/stocks/AAXJ/) | $17.9M | 150,034 | 1.8% | 9 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $17.9M | 26,062 | 1.8% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $17.8M | 298,000 | 1.8% | 30 |
| DARLING INGREDIENTS INC | [DAR](https://holderbook.com/stocks/DAR/) | $14.3M | 261,500 | 1.4% | 4 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $13.7M | 465,798 | 1.4% | 5 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $12.0M | 109,883 | 1.2% | 31 |
| SPROTT ASSET MANAGEMENT LP | [PHYS](https://holderbook.com/stocks/PHYS/) | $11.9M | 396,000 | 1.2% | 25 |
| BARCLAYS BANK PLC | [DJP](https://holderbook.com/stocks/DJP/) | $11.1M | 254,683 | 1.1% | 6 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $10.9M | 116,963 | 1.1% | 31 |
| TURNING PT BRANDS INC | [TPB](https://holderbook.com/stocks/TPB/) | $10.8M | 126,808 | 1.1% | 1 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $10.3M | 50,923 | 1.0% | 6 |
| VANGUARD MALVERN FDS | [VTG](https://holderbook.com/stocks/VTG/) | $10.0M | 133,210 | 1.0% | 1 |
| MORGAN STANLEY ETF TRUST | [CVLC](https://holderbook.com/stocks/CVLC/) | $7.2M | 76,392 | 0.7% | 4 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $6.0M | 119,538 | 0.6% | 7 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $5.6M | 7,500 | 0.6% | 6 |
| ISHARES TR | [EAGG](https://holderbook.com/stocks/EAGG/) | $4.4M | 93,604 | 0.4% | 4 |
| SPDR SERIES TRUST | [JNK](https://holderbook.com/stocks/JNK/) | $3.9M | 40,340 | 0.4% | 8 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $3.8M | 148,926 | 0.4% | 7 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $3.0M | 40,000 | 0.3% | 31 |
| INVESCO DB COMMDY INDX TRCK | [DBC](https://holderbook.com/stocks/DBC/) | $2.9M | 107,752 | 0.3% | 19 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $2.7M | 33,266 | 0.3% | 15 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $2.7M | 51,206 | 0.3% | 7 |
| FRANKLIN TEMPLETON ETF TR | [FLKR](https://holderbook.com/stocks/FLKR/) | $2.2M | 33,565 | 0.2% | 6 |
| SPDR SERIES TRUST | [SPHY](https://holderbook.com/stocks/SPHY/) | $2.2M | 94,519 | 0.2% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $2.2M | 25,000 | 0.2% | 6 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $2.2M | 90,000 | 0.2% | 10 |
| COGENT COMM HOLDINGS INC | [CCOI](https://holderbook.com/stocks/CCOI/) | $2.2M | 158,582 | 0.2% | 12 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $2.2M | 24,926 | 0.2% | 3 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.1M | 30,000 | 0.2% | 31 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $1.8M | 54,077 | 0.2% | 7 |
| WISDOMTREE TR | [DXJ](https://holderbook.com/stocks/DXJ/) | $1.7M | 10,000 | 0.2% | 2 |
| ISHARES TR | [EWU](https://holderbook.com/stocks/EWU/) | $1.7M | 37,000 | 0.2% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.6M | 6,896 | 0.2% | 21 |
| VANECK ETF TRUST | [ANGL](https://holderbook.com/stocks/ANGL/) | $1.5M | 50,000 | 0.1% | 25 |
| ISHARES INC | [EWT](https://holderbook.com/stocks/EWT/) | $1.4M | 13,000 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $1.3M | 13,000 | 0.1% | 25 |
| ISHARES INC | [EWP](https://holderbook.com/stocks/EWP/) | $1.2M | 20,000 | 0.1% | 22 |
| SPDR INDEX SHS FDS | [FEZ](https://holderbook.com/stocks/FEZ/) | $1.2M | 17,160 | 0.1% | 4 |
| ISHARES INC | [EWC](https://holderbook.com/stocks/EWC/) | $1.2M | 20,000 | 0.1% | 27 |
| ISHARES INC | [EWA](https://holderbook.com/stocks/EWA/) | $1.1M | 40,000 | 0.1% | 24 |
| SPYRE THERAPEUTICS INC | [SYRE](https://holderbook.com/stocks/SYRE/) | $1.1M | 12,123 | 0.1% | 11 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.0M | 2,722 | 0.1% | 3 |
| PIMCO ETF TR | [LTPZ](https://holderbook.com/stocks/LTPZ/) | $1.0M | 20,000 | 0.1% | 5 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.0M | 1,785 | 0.1% | 31 |
| DBX ETF TR | [ASHR](https://holderbook.com/stocks/ASHR/) | $953.0K | 26,000 | 0.1% | 15 |
| ISHARES INC | [EWS](https://holderbook.com/stocks/EWS/) | $888.0K | 30,000 | 0.1% | 12 |
| EA SERIES TRUST | [SHOC](https://holderbook.com/stocks/SHOC/) | $854.0K | 7,000 | 0.1% | 9 |
| ISHARES TR | [GVI](https://holderbook.com/stocks/GVI/) | $729.0K | 6,872 | 0.1% | 9 |
| GMO ETF TRUST | [QLTY](https://holderbook.com/stocks/QLTY/) | $666.0K | 16,000 | 0.1% | 8 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $628.0K | 6,151 | 0.1% | 2 |
| INVESCO EXCH TRADED FD TR II | [CQQQ](https://holderbook.com/stocks/CQQQ/) | $570.0K | 10,000 | 0.1% | 4 |
| GLOBAL X FDS | [ARGT](https://holderbook.com/stocks/ARGT/) | $548.0K | 6,000 | 0.1% | 19 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $496.0K | 14,654 | 0.1% | 5 |
| PIMCO MUN INCOME FD II | [PML](https://holderbook.com/stocks/PML/) | $490.0K | 64,352 | 0.0% | 4 |
| SPDR SERIES TRUST | [XOP](https://holderbook.com/stocks/XOP/) | $463.0K | 3,000 | 0.0% | 1 |
| NYLI MACKAY DEFINEDTERM MUNI | [MMD](https://holderbook.com/stocks/MMD/) | $409.0K | 26,413 | 0.0% | 5 |
| GLOBAL X FDS | [URA](https://holderbook.com/stocks/URA/) | $350.0K | 8,000 | 0.0% | 7 |
| SIMPLIFY EXCHANGE TRADED FUN | [PFIX](https://holderbook.com/stocks/PFIX/) | $347.0K | 8,000 | 0.0% | 1 |
| ROUNDHILL ETF TRUST | [HUMN](https://holderbook.com/stocks/HUMN/) | $344.0K | 9,760 | 0.0% | 3 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $316.0K | 7,459 | 0.0% | 7 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $315.0K | 3,842 | 0.0% | 12 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.6% | +14.8% | -5.3% | 100% |
| Q1 2026 | -1.3% | -4.6% | +3.3% | 100% |
| Q4 2025 | +0.8% | +2.4% | -1.6% | 100% |
| Q3 2025 | +5.7% | +7.8% | -2.1% | 100% |
| Q2 2025 | +5.3% | +10.5% | -5.2% | 100% |
| Q1 2025 | +0.4% | -4.6% | +5.0% | 100% |
| Q4 2024 | -2.4% | +2.1% | -4.5% | 100% |
| Q3 2024 | +6.0% | +5.4% | +0.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $986.5M | 72 |
| Q1 2026 | $896.1M | 126 |
| Q4 2025 | $801.1M | 138 |
| Q3 2025 | $798.6M | 128 |
| Q2 2025 | $751.2M | 128 |
| Q1 2025 | $769.3M | 142 |
| Q4 2024 | $781.8M | 140 |
| Q3 2024 | $990.2M | 131 |
| Q2 2024 | $944.9M | 122 |
| Q1 2024 | $959.8M | 128 |
| Q4 2023 | $898.4M | 127 |
| Q3 2023 | $934.4M | 118 |