Global Endowment Management, LP
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| VANGUARD INTL EQUITY INDEX F | VT | $209.0M | 1,331,484 | +5.46pp | 10q | +30.7%+$49.1M | |
| VANGUARD INDEX FDS | VTI | $117.4M | 317,307 | -0.07pp | 29q | -5.1%-$6.3M | |
| VANGUARD BD INDEX FDS | BND | $107.4M | 1,463,086 | -1.37pp | 31q | -1.9%-$2.1M | |
| VANGUARD STAR FDS | VXUS | $104.1M | 1,217,344 | -1.84pp | 29q | -15.4%-$19.0M | |
| J P MORGAN EXCHANGE TRADED F | BBRE | $45.8M | 427,282 | -0.02pp | 30q | -2.1%-$994.9K | |
| ISHARES TR | AGG | $35.9M | 362,472 | -0.07pp | 7q | +8.3%+$2.8M | |
| ALPHABET INC | GOOGL | $35.8M | 100,042 | +0.41pp | 31q | HELD | |
| NVIDIA CORPORATION | NVDA | $24.9M | 124,579 | +0.10pp | 9q | HELD | |
| APPLE INC | AAPL | $21.6M | 74,820 | -0.05pp | 19q | -5.6%-$1.3M | |
| ISHARES TR | IYR | $20.9M | 204,000 | -0.04pp | 11q | HELD | |
| MICROSOFT CORP | MSFT | $18.4M | 49,241 | -0.21pp | 24q | -1.7%-$310.4K | |
| ISHARES TR | AAXJ | $17.9M | 150,034 | +0.12pp | 9q | -5.0%-$947.0K | |
| VANGUARD INDEX FDS | VOO | $17.9M | 26,062 | +0.13pp | 9q | +3.1%+$544.0K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $17.8M | 298,000 | +0.01pp | 30q | HELD | |
| DARLING INGREDIENTS INC | DAR | $14.3M | 261,500 | +1.38pp | 4q | +2698.6%+$13.8M | |
| SCHWAB STRATEGIC TR | SCHX | $13.7M | 465,798 | +0.28pp | 5q | +20.1%+$2.3M | |
| ISHARES TR | TIP | $12.0M | 109,883 | -0.02pp | 31q | +9.4%+$1.0M | |
| SPROTT ASSET MANAGEMENT LP | PHYS | $11.9M | 396,000 | -0.35pp | 25q | HELD | |
| BARCLAYS BANK PLC | DJP | $11.1M | 254,683 | +0.06pp | 6q | +28.2%+$2.4M | |
| ISHARES INC | EWJ | $10.9M | 116,963 | -0.06pp | 31q | -5.2%-$598.2K | |
| TURNING PT BRANDS INC | TPB | $10.8M | 126,808 | - | new | NEW | |
| ISHARES INC | EWY | $10.3M | 50,923 | +0.99pp | 6q | +1173.1%+$9.5M | |
| VANGUARD MALVERN FDS | VTG | $10.0M | 133,210 | - | new | NEW | |
| MORGAN STANLEY ETF TRUST | CVLC | $7.2M | 76,392 | +0.18pp | 4q | +23.8%+$1.4M | |
| SPDR INDEX SHS FDS | SPDW | $6.0M | 119,538 | +0.08pp | 7q | +13.8%+$730.3K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $5.6M | 7,500 | -1.60pp | 6q | -74.9%-$16.7M | |
| ISHARES TR | EAGG | $4.4M | 93,604 | +0.09pp | 4q | +37.1%+$1.2M | |
| SPDR SERIES TRUST | JNK | $3.9M | 40,340 | +0.01pp | 8q | +13.5%+$461.7K | |
| SPDR SERIES TRUST | SPAB | $3.8M | 148,926 | -0.10pp | 7q | -12.5%-$544.2K | |
| VANECK ETF TRUST | GDX | $3.0M | 40,000 | -0.21pp | 31q | -20.0%-$754.5K | |
| INVESCO DB COMMDY INDX TRCK | DBC | $2.9M | 107,752 | -0.01pp | 19q | +16.4%+$405.4K | |
| ISHARES TR | HYG | $2.7M | 33,266 | +0.03pp | 15q | +24.5%+$523.8K | |
| SPDR INDEX SHS FDS | SPEM | $2.7M | 51,206 | +0.03pp | 7q | +14.3%+$331.5K | |
| FRANKLIN TEMPLETON ETF TR | FLKR | $2.2M | 33,565 | +0.07pp | 6q | -1.0%-$21.8K | |
| SPDR SERIES TRUST | SPHY | $2.2M | 94,519 | - | new | NEW | |
| VANGUARD INTL EQUITY INDEX F | VGK | $2.2M | 25,000 | -0.01pp | 6q | HELD | |
| KRANESHARES TRUST | KWEB | $2.2M | 90,000 | -0.02pp | 10q | +16.9%+$318.1K | |
| COGENT COMM HOLDINGS INC | CCOI | $2.2M | 158,582 | +0.18pp | 12q | +759.9%+$1.9M | |
| SPDR SERIES TRUST | SPYM | $2.2M | 24,926 | +0.11pp | 3q | +93.0%+$1.1M | |
| VANGUARD TAX-MANAGED FDS | VEA | $2.1M | 30,000 | -0.13pp | 31q | -37.5%-$1.3M | |
| SPDR SERIES TRUST | SPIB | $1.8M | 54,077 | +0.04pp | 7q | +45.9%+$569.5K | |
| WISDOMTREE TR | DXJ | $1.7M | 10,000 | flat | 2q | HELD | |
| ISHARES TR | EWU | $1.7M | 37,000 | -0.08pp | 31q | -26.0%-$599.8K | |
| AMAZON COM INC | AMZN | $1.6M | 6,896 | -0.13pp | 21q | -45.5%-$1.4M | |
| VANECK ETF TRUST | ANGL | $1.5M | 50,000 | -0.01pp | 25q | HELD | |
| ISHARES INC | EWT | $1.4M | 13,000 | - | new | NEW | |
| VANGUARD INDEX FDS | VNQ | $1.3M | 13,000 | -0.19pp | 25q | -59.2%-$1.8M | |
| ISHARES INC | EWP | $1.2M | 20,000 | -0.06pp | 22q | -33.3%-$594.0K | |
| SPDR INDEX SHS FDS | FEZ | $1.2M | 17,160 | flat | 4q | HELD | |
| ISHARES INC | EWC | $1.2M | 20,000 | +0.09pp | 27q | +300.0%+$864.8K | |
| ISHARES INC | EWA | $1.1M | 40,000 | -0.01pp | 24q | HELD | |
| SPYRE THERAPEUTICS INC | SYRE | $1.1M | 12,123 | +0.01pp | 11q | -33.3%-$538.0K | |
| BROADCOM INC | AVGO | $1.0M | 2,722 | +0.01pp | 3q | HELD | |
| PIMCO ETF TR | LTPZ | $1.0M | 20,000 | -0.01pp | 5q | HELD | |
| META PLATFORMS INC | META | $1.0M | 1,785 | -0.11pp | 31q | -46.3%-$868.2K | |
| DBX ETF TR | ASHR | $953.0K | 26,000 | +0.02pp | 15q | +30.0%+$219.9K | |
| ISHARES INC | EWS | $888.0K | 30,000 | flat | 12q | HELD | |
| EA SERIES TRUST | SHOC | $854.0K | 7,000 | +0.03pp | 9q | HELD | |
| ISHARES TR | GVI | $729.0K | 6,872 | +0.01pp | 9q | +19.1%+$117.0K | |
| GMO ETF TRUST | QLTY | $666.0K | 16,000 | flat | 8q | HELD | |
| ISHARES TR | STIP | $628.0K | 6,151 | +0.03pp | 2q | +118.4%+$340.4K | |
| INVESCO EXCH TRADED FD TR II | CQQQ | $570.0K | 10,000 | +0.01pp | 4q | HELD | |
| GLOBAL X FDS | ARGT | $548.0K | 6,000 | -0.02pp | 19q | -14.3%-$91.3K | |
| SCHWAB STRATEGIC TR | SCHG | $496.0K | 14,654 | -0.01pp | 5q | -20.2%-$125.7K | |
| PIMCO MUN INCOME FD II | PML | $490.0K | 64,352 | flat | 4q | HELD | |
| SPDR SERIES TRUST | XOP | $463.0K | 3,000 | - | new | NEW | |
| NYLI MACKAY DEFINEDTERM MUNI | MMD | $409.0K | 26,413 | -0.01pp | 5q | -12.0%-$55.5K | |
| GLOBAL X FDS | URA | $350.0K | 8,000 | -0.01pp | 7q | HELD | |
| SIMPLIFY EXCHANGE TRADED FUN | PFIX | $347.0K | 8,000 | - | new | NEW | |
| ROUNDHILL ETF TRUST | HUMN | $344.0K | 9,760 | flat | 3q | HELD | |
| ISHARES TR | SHYG | $316.0K | 7,459 | -0.01pp | 7q | -9.9%-$34.6K | |
| ISHARES TR | SHY | $315.0K | 3,842 | -0.34pp | 12q | -90.4%-$3.0M |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $55.1M | 5.6% |
| Semiconductors & Electronics | $26.0M | 2.6% |
| Food, Drink & Tobacco | $25.0M | 2.5% |
| Computer Hardware | $21.6M | 2.2% |
| Capital Markets | $14.8M | 1.5% |
| Other sectors | $22.6M | 2.3% |
| Not classified | $821.4M | 83.3% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $986.5M | 72 | 6 | 23 | 24 | 60 | 73.3% | 45 |
| Q1 2026 | $896.1M | 126 | 7 | 45 | 26 | 19 | 70.8% | 44 |
| Q4 2025 | $801.1M | 138 | 14 | 31 | 50 | 4 | 67.0% | 44 |
| Q3 2025 | $798.6M | 128 | 15 | 47 | 22 | 15 | 67.7% | 44 |
| Q2 2025 | $751.2M | 128 | 14 | 36 | 41 | 28 | 72.6% | 44 |
| Q1 2025 | $769.3M | 142 | 15 | 23 | 73 | 13 | 70.4% | 43 |
| Q4 2024 | $781.8M | 140 | 25 | 15 | 55 | 16 | 68.5% | 44 |
| Q3 2024 | $990.2M | 131 | 18 | 35 | 41 | 9 | 65.9% | 44 |
| Q2 2024 | $944.9M | 122 | 12 | 23 | 46 | 18 | 70.0% | 44 |
| Q1 2024 | $959.8M | 128 | 15 | 30 | 26 | 14 | 71.0% | 43 |
| Q4 2023 | $898.4M | 127 | 21 | 16 | 45 | 12 | 71.5% | 43 |
| Q3 2023 | $934.4M | 118 | 42 | 16 | 14 | 9 | 72.6% | 44 |
| Q2 2023 | $842.0M | 85 | 1 | 10 | 18 | 19 | 77.8% | 42 |
| Q1 2023 | $939.3M | 103 | 10 | 18 | 23 | 14 | 74.3% | 42 |
| Q4 2022 | $902.8M | 107 | 6 | 9 | 32 | 10 | 74.7% | 44 |
| Q3 2022 | $991.0M | 111 | 6 | 18 | 32 | 18 | 70.6% | 45 |
| Q2 2022 | $1.1B | 123 | 16 | 15 | 23 | 11 | 66.0% | 43 |
| Q1 2022 | $1.4B | 118 | 10 | 29 | 20 | 8 | 64.7% | 43 |
| Q4 2021 | $1.4B | 116 | 15 | 44 | 14 | 10 | 63.8% | 41 |
| Q3 2021 | $1.5B | 111 | 9 | 17 | 27 | 11 | 66.9% | 46 |
| Q2 2021 | $1.8B | 113 | 16 | 22 | 21 | 9 | 69.6% | 41 |
| Q1 2021 | $1.6B | 106 | 11 | 20 | 23 | 32 | 70.7% | 47 |
| Q4 2020 | $1.5B | 127 | 18 | 29 | 39 | 11 | 67.7% | 42 |
| Q3 2020 | $1.3B | 120 | 19 | 16 | 16 | 2 | 73.1% | 44 |
| Q2 2020 | $1.3B | 103 | 16 | 15 | 27 | 12 | 77.2% | 44 |
| Q1 2020 | $1.1B | 99 | 12 | 18 | 13 | 15 | 79.0% | 44 |
| Q4 2019 | $1.4B | 102 | 19 | 42 | 10 | 11 | 81.3% | 43 |
| Q3 2019 | $1.1B | 94 | 6 | 13 | 44 | 84 | 85.2% | 44 |
| Q2 2019 | $1.0B | 172 | 28 | 18 | 76 | 62 | 75.0% | 43 |
| Q1 2019 | $707.7M | 206 | 74 | 50 | 23 | 22 | 56.4% | 44 |
| Q4 2018 | $468.1M | 154 | 0 | 0 | 0 | 0 | 69.5% | 43 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.