Global Endowment Management’s SPDR Gold Trust GLD Stock Holding History

Global Endowment Management’s Portfolio GLD Stock Details GLD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-11,000	Closed	-$3.91M	–	142
2025 Q3	$3.91M	Hold	11,000	–	–	0.49%	27
2025 Q2	$3.35M	Sell	11,000 -2,182	-17%	-$661K	0.45%	27
2025 Q1	$3.8M	Hold	13,182	–	–	0.49%	27
2024 Q4	$3.19M	Hold	13,182	–	–	0.41%	29
2024 Q3	$3.2M	Sell	13,182 -4,418	-25%	-$1.01M	0.32%	38
2024 Q2	$3.78M	Hold	17,600	–	–	0.4%	33
2024 Q1	$3.62M	Hold	17,600	–	–	0.38%	31
2023 Q4	$3.36M	Sell	17,600 -2,400	-12%	-$440K	0.37%	29
2023 Q3	$3.43M	Hold	20,000	–	–	0.37%	31
2023 Q2	$3.57M	Hold	20,000	–	–	0.42%	25
2023 Q1	$3.66M	Hold	20,000	–	–	0.39%	31
2022 Q4	$3.39M	Hold	20,000	–	–	0.38%	32
2022 Q3	$3.09M	Sell	20,000 -10,000	-33%	-$1.61M	0.31%	41
2022 Q2	$5.05M	Hold	30,000	–	–	0.44%	38
2022 Q1	$5.42M	Hold	30,000	–	–	0.39%	41
2021 Q4	$5.13M	Hold	30,000	–	–	0.37%	37
2021 Q3	$4.93M	Hold	30,000	–	–	0.32%	44
2021 Q2	$4.97M	Hold	30,000	–	–	0.28%	44
2021 Q1	$4.8M	Hold	30,000	–	–	0.3%	43
2020 Q4	$5.35M	Hold	30,000	–	–	0.35%	40
2020 Q3	$5.31M	Hold	30,000	–	–	0.42%	32
2020 Q2	$5.02M	Hold	30,000	–	–	0.38%	29
2020 Q1	$4.44M	Buy	30,000 +2,000	+7%	+$298K	0.4%	28
2019 Q4	$4M	Hold	28,000	–	–	0.28%	29
2019 Q3	$3.89M	Hold	28,000	–	–	0.34%	24
2019 Q2	$3.73M	Hold	28,000	–	–	0.36%	27
2019 Q1	$3.42M	Buy	28,000 +8,000	+40%	+$986K	0.48%	41
2018 Q4	$2.42M	Hold	20,000	–	–	0.52%	22
2018 Q3	$2.25M	Hold	20,000	–	–	0.3%	51
2018 Q2	$2.37M	Hold	20,000	–	–	0.31%	52
2018 Q1	$2.52M	Hold	20,000	–	–	0.36%	47
2017 Q4	$2.47M	Hold	20,000	–	–	0.36%	48
2017 Q3	$2.43M	Hold	20,000	–	–	0.34%	71
2017 Q2	$2.36M	Buy	20,000 +4,000	+25%	+$479K	0.32%	71
2017 Q1	$1.9M	Hold	16,000	–	–	0.28%	76
2016 Q4	$1.75M	Hold	16,000	–	–	0.27%	69
2016 Q3	$2.01M	Hold	16,000	–	–	0.33%	48
2016 Q2	$2.02M	Hold	16,000	–	–	0.43%	27
2016 Q1	$1.88M	Hold	16,000	–	–	0.4%	29
2015 Q4	$1.62M	Hold	16,000	–	–	0.3%	70
2015 Q3	$1.71M	Hold	16,000	–	–	0.25%	107
2015 Q2	$1.8M	Hold	16,000	–	–	0.25%	122
2015 Q1	$1.82M	Hold	16,000	–	–	0.28%	105
2014 Q4	$1.82M	Hold	16,000	–	–	0.3%	107
2014 Q3	$1.86M	Buy	16,000 +3,000	+23%	+$370K	0.28%	108
2014 Q2	$1.67M	Buy	13,000 +8,600	+195%	+$1.07M	0.25%	116
2014 Q1	$544K	Buy	4,400 +2,000	+83%	+$249K	0.09%	173
2013 Q4	$279K	Hold	2,400	–	–	0.06%	187
2013 Q3	$308K	Hold	2,400	–	–	0.08%	155
2013 Q2	$286K	Buy	+2,400	New	+$329K	0.08%	138

Other funds holding GLD

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

First Eagle Investment Management New York $60.8B AUM 26.63% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $369B AUM 28.27% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Global Endowment Management's GLD Position: Q4 2025 in Review

Global Endowment Management sold out of SPDR Gold Trust (GLD) in Q4 2025, closing a stake of 11,000 shares — an estimated $3.91M sold.

Global Endowment Management first reported a position in GLD in Q2 2013 and held it in 50 quarters. The position peaked at $5.42M in Q1 2022. 3,079 funds tracked by Wall St. Rank hold GLD as of Q4 2025.

Global Endowment Management reported no remaining SPDR Gold Trust position as of Q4 2025 after selling out during the quarter.
Global Endowment Management sold 11,000 SPDR Gold Trust shares in Q4 2025, an estimated $3.91M.
Global Endowment Management first reported a position in SPDR Gold Trust in Q2 2013 and held it in 50 quarters.
Global Endowment Management's SPDR Gold Trust position peaked at $5.42M in Q1 2022.
3,079 funds tracked by Wall St. Rank held SPDR Gold Trust as of Q4 2025.

Based on Global Endowment Management's 13F filing for Q4 2025, filed 13 Feb 2026.