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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
+8.76%
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
$898M
AUM Growth
-$36.1M
Cap. Flow
-$102M
Cap. Flow %
-11.39%
Top 10 Hldgs %
71.5%
Holding
139
New
21
Increased
15
Reduced
47
Closed
12

Top Buys

Rank Stock Value
1
EWJ icon
iShares MSCI Japan ETF
EWJ
+$10.9M
2
SYRE icon
Spyre Therapeutics
SYRE
+$7.07M
3
AAPL icon
Apple
AAPL
+$6.68M
4
AAXJ icon
iShares MSCI All Country Asia ex Japan ETF
AAXJ
+$2.36M
5
USO icon
United States Oil Fund
USO
+$1.31M

Top Sells

Rank Stock Value
1
VTI icon
Vanguard Total Stock Market ETF
VTI
+$21M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$19.3M
3
TXO icon
TXO Partners LP
TXO
+$18.3M
4
VT icon
Vanguard Total World Stock ETF
VT
+$12.7M
5
DXJ icon
WisdomTree Japan Hedged Equity Fund
DXJ
+$11.5M

Sector Composition

Rank Sector Weight
1 Technology 3.42%
2 Financials 2.92%
3 Communication Services 1.58%
4 Healthcare 1.48%
5 Consumer Discretionary 1.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EWY icon
51
iShares MSCI South Korea ETF
EWY
$21.7B
$1.54M 0.17%
23,500
– –
V icon
52
Visa
V
$677B
$1.47M 0.16%
5,647
+830
+17% +$205K
ILF icon
53
iShares Latin America 40 ETF
ILF
$3.77B
$1.45M 0.16%
50,000
– –
ANGL icon
54
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.07B
$1.44M 0.16%
50,000
– –
FCNCA icon
55
First Citizens BancShares
FCNCA
$24.6B
$1.4M 0.16%
990
-284
-22% -$399K
CPNG icon
56
Coupang
CPNG
$27.8B
$1.28M 0.14%
79,127
-17,350
-18% -$286K
BN icon
57
Brookfield
BN
$102B
$1.26M 0.14%
47,268
-16,464
-26% -$374K
SJNK icon
58
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.89B
$1.26M 0.14%
50,000
-46,000
-48% -$1.13M
KKR icon
59
KKR & Co
KKR
$89.2B
$1.26M 0.14%
15,164
-8,131
-35% -$551K
NIE
60
Virtus Equity & Convertible Income Fund
NIE
$718M
$1.25M 0.14%
60,000
– –
KCCA icon
61
KraneShares California Carbon Allowance Strategy ETF
KCCA
$114M
$1.24M 0.14%
41,000
-38,154
-48% -$1.13M
EWP icon
62
iShares MSCI Spain ETF
EWP
$1.98B
$1.22M 0.14%
40,000
– –
ADX icon
63
Adams Diversified Equity Fund
ADX
$3.17B
$1.2M 0.13%
67,979
+4,302
+7% +$73.1K
USO icon
64
United States Oil Fund
USO
$2.45B
$1.2M 0.13%
+18,000
New +$1.31M
WDAY icon
65
Workday
WDAY
$33.4B
$1.12M 0.12%
4,039
-1,978
-33% -$471K
TDG icon
66
TransDigm Group
TDG
$69.2B
$1.11M 0.12%
1,101
-440
-29% -$406K
GTX icon
67
Garrett Motion
GTX
$5.9B
$1.05M 0.12%
+108,710
New +$839K
FXI icon
68
iShares China Large-Cap ETF
FXI
$4.31B
$985K 0.11%
+41,000
New +$1.04M
EQH icon
69
Equitable Holdings
EQH
$13.1B
$969K 0.11%
29,102
-5,400
-16% -$158K
FTRE icon
70
Fortrea Holdings
FTRE
$1.85B
$964K 0.11%
+27,620
New +$844K
ARGT icon
71
Global X MSCI Argentina ETF
ARGT
$842M
$958K 0.11%
18,660
– –
GDDY icon
72
GoDaddy
GDDY
$12.3B
$934K 0.1%
+8,797
New +$787K
ASHR icon
73
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.35B
$932K 0.1%
39,000
+19,000
+95% +$469K
GEN icon
74
Gen Digital
GEN
$15.6B
$929K 0.1%
+40,716
New +$806K
PGJ icon
75
Invesco Golden Dragon China ETF
PGJ
$92.8M
$911K 0.1%
35,000
– –
1 2
3
4 5

Similar funds

IWP
IAG Wealth Partners Waukesha, Wisconsin $896M AUM 15.29% 1-Year Est. Return
WIC
Water Island Capital New York $896M AUM 107.59% 1-Year Est. Return
FTM
First Turn Management Del Mar, California $895M AUM 261.28% 1-Year Est. Return
WP
WealthShield Partners Cary, North Carolina $898M AUM 19.35% 1-Year Est. Return
SI
Squadra Investments Rio De Janeiro, Brazil $894M AUM 33.04% 1-Year Est. Return
BFFIM
Baring Fintech Fund III Managers St Peter Port, Guernsey $893M AUM 20.23% 1-Year Est. Return
DA
Denali Advisors San Diego, California $900M AUM 28.25% 1-Year Est. Return
BWP
BlueStem Wealth Partners Minnetonka, Minnesota $900M AUM 15.24% 1-Year Est. Return

Global Endowment Management's Q4 2023 Portfolio in Review

As of Q4 2023, Global Endowment Management held 139 positions worth $898M, down 3.9% from $934M the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Global Endowment Management withdrew a net $102M in Q4 2023, closing 12 positions and reducing 47 holdings. Its most notable exit was Vanguard Total World Stock ETF, an estimated $12.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 3.4% of assets, up from 1.9% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Global Endowment Management opened a new position in Spyre Therapeutics worth $11M.

  • Global Endowment Management's largest Q4 2023 buy was Spyre Therapeutics: 513,436 shares worth $11M.
  • Global Endowment Management added most to iShares MSCI Japan ETF in Q4 2023, an estimated $10.9M increase.
  • Global Endowment Management's biggest Q4 2023 reduction was Vanguard Total Stock Market ETF, cutting an estimated $21M.
  • Global Endowment Management fully exited Vanguard Total World Stock ETF in Q4 2023, selling an estimated $12.7M.
  • Global Endowment Management's ten largest holdings make up 72% of its $898M portfolio in Q4 2023.
  • Global Endowment Management opened 21 new positions and closed 12 in Q4 2023.
  • Global Endowment Management's portfolio value fell 3.9% quarter-over-quarter to $898M.

Based on Global Endowment Management's 13F filing for Q4 2023, filed 12 Feb 2024.