GEM

Global Endowment Management Portfolio holdings

AUM $751M
This Quarter Return
-15.75%
1 Year Return
+11.47%
3 Year Return
+32.65%
5 Year Return
+50.86%
10 Year Return
+150.34%
AUM
$1.11B
AUM Growth
+$1.11B
Cap. Flow
-$75.1M
Cap. Flow %
-6.8%
Top 10 Hldgs %
79.01%
Holding
114
New
12
Increased
18
Reduced
13
Closed
14

Top Buys

1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
$46.6M
2
MGC icon
Vanguard Mega Cap 300 Index ETF
MGC
$29.5M
3
META icon
Meta Platforms (Facebook)
META
$22.9M
4
WIX icon
WIX.com
WIX
$19.2M
5
CACC icon
Credit Acceptance
CACC
$13.1M

Top Sells

1
BBRE icon
JPMorgan BetaBuilders MSCI US REIT ETF
BBRE
$83.2M
2
VTI icon
Vanguard Total Stock Market ETF
VTI
$53.4M
3
BND icon
Vanguard Total Bond Market
BND
$39.8M
4
VGK icon
Vanguard FTSE Europe ETF
VGK
$16.1M
5
AMZN icon
Amazon
AMZN
$6.2M

Sector Composition

1 Financials 24.8%
2 Communication Services 6.86%
3 Consumer Discretionary 6.09%
4 Technology 3.77%
5 Industrials 0.54%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
KKR icon
26
KKR & Co
KKR
$120B
$4.49M 0.41%
+191,130
New +$4.49M
TLT icon
27
iShares 20+ Year Treasury Bond ETF
TLT
$47.8B
$4.46M 0.4%
27,010
– –
GLD icon
28
SPDR Gold Trust
GLD
$111B
$4.44M 0.4%
30,000
+2,000
+7% +$296K
IEI icon
29
iShares 3-7 Year Treasury Bond ETF
IEI
$16.8B
$3.83M 0.35%
28,700
– –
MSFT icon
30
Microsoft
MSFT
$3.76T
$3.8M 0.34%
+24,090
New +$3.8M
EWJ icon
31
iShares MSCI Japan ETF
EWJ
$15.2B
$3.61M 0.33%
73,040
– –
TIP icon
32
iShares TIPS Bond ETF
TIP
$13.5B
$3.19M 0.29%
27,030
– –
FXI icon
33
iShares China Large-Cap ETF
FXI
$6.65B
$2.71M 0.24%
72,100
-15,070
-17% -$566K
JBGS
34
JBG SMITH
JBGS
$1.33B
$1.78M 0.16%
55,830
+14,120
+34% +$449K
VWOB icon
35
Vanguard Emerging Markets Government Bond ETF
VWOB
$4.53B
$1.68M 0.15%
23,860
– –
DXJ icon
36
WisdomTree Japan Hedged Equity Fund
DXJ
$3.72B
$1.57M 0.14%
37,290
– –
HYD icon
37
VanEck High Yield Muni ETF
HYD
$3.29B
$1.57M 0.14%
+30,000
New +$1.57M
MCHI icon
38
iShares MSCI China ETF
MCHI
$7.91B
$1.53M 0.14%
26,670
– –
EIC
39
Eagle Point Income Co
EIC
$352M
$1.51M 0.14%
141,019
– –
CVNA icon
40
Carvana
CVNA
$50B
$1.49M 0.14%
+27,097
New +$1.49M
GVIP icon
41
Goldman Sachs Hedge Industry VIP ETF
GVIP
$373M
$1.45M 0.13%
28,390
– –
INDA icon
42
iShares MSCI India ETF
INDA
$9.29B
$1.37M 0.12%
56,750
– –
AXSM icon
43
Axsome Therapeutics
AXSM
$6.09B
$1.24M 0.11%
+21,020
New +$1.24M
NIE
44
Virtus Equity & Convertible Income Fund
NIE
$686M
$1.12M 0.1%
60,000
– –
NAD icon
45
Nuveen Quality Municipal Income Fund
NAD
$2.64B
$1.1M 0.1%
80,000
– –
XLC icon
46
The Communication Services Select Sector SPDR Fund
XLC
$25.4B
$1.08M 0.1%
24,470
+2,725
+13% +$121K
EWL icon
47
iShares MSCI Switzerland ETF
EWL
$1.32B
$1.06M 0.1%
29,950
– –
GBDC icon
48
Golub Capital BDC
GBDC
$3.91B
$1.01M 0.09%
+81,680
New +$1.01M
EWG icon
49
iShares MSCI Germany ETF
EWG
$2.49B
$998K 0.09%
46,460
– –
EWY icon
50
iShares MSCI South Korea ETF
EWY
$5.17B
$972K 0.09%
20,710
– –
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