GEM

Global Endowment Management Portfolio holdings

AUM $751M
This Quarter Return
+5.25%
1 Year Return
+11.47%
3 Year Return
+32.65%
5 Year Return
+50.86%
10 Year Return
+150.34%
AUM
$544M
AUM Growth
+$544M
Cap. Flow
-$143M
Cap. Flow %
-26.28%
Top 10 Hldgs %
47.99%
Holding
234
New
16
Increased
4
Reduced
48
Closed
27

Top Buys

1
GOOGL icon
Alphabet (Google) Class A
GOOGL
$14M
2
DLR icon
Digital Realty Trust
DLR
$2.68M
3
STOR
STORE Capital Corporation
STOR
$2.6M
4
HR icon
Healthcare Realty
HR
$2.55M
5
DRE
Duke Realty Corp.
DRE
$2.55M

Top Sells

1
GOOG icon
Alphabet (Google) Class C
GOOG
$11.5M
2
AMZN icon
Amazon
AMZN
$9.8M
3
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
$6.65M
4
ALV icon
Autoliv
ALV
$6.34M
5
SIX
Six Flags Entertainment Corp.
SIX
$5.92M

Sector Composition

1 Financials 23.31%
2 Consumer Discretionary 13.73%
3 Real Estate 10.32%
4 Communication Services 6.55%
5 Energy 5.54%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
SEP
76
DELISTED
Spectra Engy Parters Lp
SEP
$1.43M 0.26%
30,000
– –
FXI icon
77
iShares China Large-Cap ETF
FXI
$6.65B
$1.41M 0.26%
40,000
– –
TWO
78
Two Harbors Investment
TWO
$1.05B
$1.31M 0.24%
20,188
– –
WMB icon
79
Williams Companies
WMB
$70.5B
$1.3M 0.24%
50,680
– –
IGR
80
CBRE Global Real Estate Income Fund
IGR
$702M
$1.3M 0.24%
170,000
– –
PAGP icon
81
Plains GP Holdings
PAGP
$3.71B
$1.3M 0.24%
51,510
– –
BTZ icon
82
BlackRock Credit Allocation Income Trust
BTZ
$1.02B
$1.23M 0.23%
100,000
– –
DKL icon
83
Delek Logistics
DKL
$2.36B
$1.2M 0.22%
33,700
– –
XLE icon
84
Energy Select Sector SPDR Fund
XLE
$27.1B
$1.13M 0.21%
18,600
– –
EWP icon
85
iShares MSCI Spain ETF
EWP
$1.34B
$1.08M 0.2%
38,300
– –
PCI
86
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$1.08M 0.2%
60,000
– –
NIE
87
Virtus Equity & Convertible Income Fund
NIE
$686M
$1.08M 0.2%
60,000
– –
DFE icon
88
WisdomTree Europe SmallCap Dividend Fund
DFE
$176M
$1.01M 0.19%
18,000
– –
SLRC icon
89
SLR Investment Corp
SLRC
$903M
$871K 0.16%
53,000
+25,800
+95% +$424K
TGE
90
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
$806K 0.15%
50,500
– –
CAF
91
Morgan Stanley China A Share Fund
CAF
$264M
$796K 0.15%
40,000
-110,000
-73% -$2.19M
JMT
92
DELISTED
Nuveen Mortgage Opportunity Term Fund 2
JMT
$780K 0.14%
35,000
– –
TRGP icon
93
Targa Resources
TRGP
$35.2B
$779K 0.14%
28,790
– –
EWL icon
94
iShares MSCI Switzerland ETF
EWL
$1.32B
$778K 0.14%
25,050
– –
XLV icon
95
Health Care Select Sector SPDR Fund
XLV
$33.8B
$721K 0.13%
10,000
– –
NZF icon
96
Nuveen Municipal Credit Income Fund
NZF
$2.31B
$718K 0.13%
50,000
– –
XLF icon
97
Financial Select Sector SPDR Fund
XLF
$53.6B
$713K 0.13%
34,174
– –
NMA
98
DELISTED
NUVEEN MUNI ADVANTAGE FUND
NMA
$701K 0.13%
50,580
– –
JPC icon
99
Nuveen Preferred & Income Opportunities Fund
JPC
$2.61B
$694K 0.13%
75,800
– –
NMO
100
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
$674K 0.12%
48,900
– –
2 3
4
5 6