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GEM

Global Endowment Management Portfolio holdings

AUM $896M
1-Year Est. Return 13.86%
This Fund
S&P 500
This Quarter Est. Return
-3.88%
1 Year Est. Return
+13.86%
3 Year Est. Return
+35.84%
5 Year Est. Return
+30.88%
10 Year Est. Return
+166.37%
AUM
$934M
AUM Growth
+$92.4M
Cap. Flow
+$132M
Cap. Flow %
14.17%
Top 10 Hldgs %
72.58%
Holding
127
New
42
Increased
17
Reduced
14
Closed
9

Top Buys

Rank Stock Value
1
TXO icon
TXO Partners LP
TXO
+$65.2M
2
BBRE icon
JPMorgan BetaBuilders MSCI US REIT ETF
BBRE
+$9.7M
3
SHY icon
iShares 1-3 Year Treasury Bond ETF
SHY
+$9.01M
4
AAPL icon
Apple
AAPL
+$8.67M
5
IEI icon
iShares 3-7 Year Treasury Bond ETF
IEI
+$6.68M

Top Sells

Rank Stock Value
1
RPV icon
Invesco S&P 500 Pure Value ETF
RPV
+$8.32M
2
BND icon
Vanguard Total Bond Market
BND
+$7.57M
3
MBB icon
iShares MBS ETF
MBB
+$5.98M
4
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$4.3M
5
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$3.94M

Sector Composition

Rank Sector Weight
1 Financials 2.8%
2 Technology 1.95%
3 Communication Services 1.81%
4 Consumer Discretionary 1.17%
5 Industrials 0.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EWJ icon
26
iShares MSCI Japan ETF
EWJ
$21.7B
$5.43M 0.58%
90,000
– –
MSFT icon
27
Microsoft
MSFT
$2.84T
$4.44M 0.48%
14,064
+8,298
+144% +$2.74M
GOOGL icon
28
Alphabet (Google) Class A
GOOGL
$3.91T
$4.26M 0.46%
32,517
+18,417
+131% +$2.38M
EWU icon
29
iShares MSCI United Kingdom ETF
EWU
$4.04B
$3.89M 0.42%
123,000
-17,000
-12% -$548K
HYG icon
30
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$3.64M 0.39%
49,380
+11,000
+29% +$821K
GLD icon
31
SPDR Gold Trust
GLD
$131B
$3.43M 0.37%
20,000
– –
VAW icon
32
Vanguard Materials ETF
VAW
$3B
$3.33M 0.36%
19,300
+2,180
+13% +$394K
VWOB icon
33
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.15B
$3.08M 0.33%
52,000
– –
ALLY icon
34
Ally Financial
ALLY
$13.1B
$3.06M 0.33%
+114,765
New +$3.2M
TLT icon
35
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$3.01M 0.32%
33,990
-41,010
-55% -$3.94M
EIRL icon
36
iShares MSCI Ireland ETF
EIRL
$74.9M
$2.94M 0.31%
54,400
– –
DBC icon
37
Invesco DB Commodity Index Tracking Fund
DBC
$1.73B
$2.82M 0.3%
113,000
– –
IEF icon
38
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
$2.68M 0.29%
29,260
-45,610
-61% -$4.3M
VTIP icon
39
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
$2.36M 0.25%
50,000
– –
SJNK icon
40
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.89B
$2.35M 0.25%
+96,000
New +$2.36M
KCCA icon
41
KraneShares California Carbon Allowance Strategy ETF
KCCA
$114M
$2.25M 0.24%
79,154
– –
CACC icon
42
Credit Acceptance
CACC
$6B
$2.16M 0.23%
+4,693
New +$2.38M
BKLN icon
43
Invesco Senior Loan ETF
BKLN
$7.1B
$2.1M 0.22%
100,000
– –
INDA icon
44
iShares MSCI India ETF
INDA
$6.71B
$2.05M 0.22%
46,273
– –
EWC icon
45
iShares MSCI Canada ETF
EWC
$6.04B
$2M 0.21%
59,840
– –
EWZ icon
46
iShares MSCI Brazil ETF
EWZ
$9.05B
$1.99M 0.21%
65,000
+13,000
+25% +$413K
TLH icon
47
iShares 10-20 Year Treasury Bond ETF
TLH
$11B
$1.99M 0.21%
+20,210
New +$2.12M
EWS icon
48
iShares MSCI Singapore ETF
EWS
$1.01B
$1.83M 0.2%
+100,000
New +$1.87M
CD
49
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
$1.81M 0.19%
+218,078
New +$1.77M
XOP icon
50
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.42B
$1.77M 0.19%
12,000
– –
1
2
3 4 5

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WIC
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FTM
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WealthShield Partners Cary, North Carolina $898M AUM 19.35% 1-Year Est. Return
SI
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BFFIM
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Global Endowment Management's Q3 2023 Portfolio in Review

As of Q3 2023, Global Endowment Management held 127 positions worth $934M, up 11% from $842M the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Global Endowment Management deployed $132M of net new capital in Q3 2023, opening 42 new positions and adding to 17 existing holdings. Its largest new stake was TXO Partners LP: 3,043,232 shares worth $61.8M.

By sector, the portfolio is most concentrated in Financials at 2.8% of assets, up from 0.94% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was Vanguard Total Bond Market, an estimated $7.57M trimmed.

  • Global Endowment Management's largest Q3 2023 buy was TXO Partners LP: 3,043,232 shares worth $61.8M.
  • Global Endowment Management added most to JPMorgan BetaBuilders MSCI US REIT ETF in Q3 2023, an estimated $9.7M increase.
  • Global Endowment Management's biggest Q3 2023 reduction was Vanguard Total Bond Market, cutting an estimated $7.57M.
  • Global Endowment Management fully exited Invesco S&P 500 Pure Value ETF in Q3 2023, selling an estimated $8.32M.
  • Global Endowment Management's ten largest holdings make up 73% of its $934M portfolio in Q3 2023.
  • Global Endowment Management opened 42 new positions and closed 9 in Q3 2023.
  • Global Endowment Management's portfolio value rose 11% quarter-over-quarter to $934M.

Based on Global Endowment Management's 13F filing for Q3 2023, filed 13 Nov 2023.