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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
+4.07%
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
$903M
AUM Growth
-$88.3M
Cap. Flow
-$109M
Cap. Flow %
-12.04%
Top 10 Hldgs %
74.72%
Holding
116
New
5
Increased
9
Reduced
34
Closed
9

Top Buys

Rank Stock Value
1
VXUS icon
Vanguard Total International Stock ETF
VXUS
+$45.6M
2
BND icon
Vanguard Total Bond Market
BND
+$6.92M
3
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$3.32M
4
BBRE icon
JPMorgan BetaBuilders MSCI US REIT ETF
BBRE
+$3.22M
5
ADBE icon
Adobe
ADBE
+$1.43M

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$32.3M
2
MGC icon
Vanguard Mega Cap 300 Index ETF
MGC
+$31.7M
3
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$17.4M
4
AAPL icon
Apple
AAPL
+$17.2M
5
META icon
Meta Platforms (Facebook)
META
+$13.7M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 5.59%
2 Technology 2.89%
3 Financials 2.28%
4 Energy 1.25%
5 Communication Services 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GBDC icon
76
Golub Capital BDC
GBDC
$3.33B
$658K 0.07%
50,000
– –
XLF icon
77
State Street Financial Select Sector SPDR ETF
XLF
$56.1B
$651K 0.07%
19,030
– –
ARGT icon
78
Global X MSCI Argentina ETF
ARGT
$842M
$634K 0.07%
18,660
– –
EWI icon
79
iShares MSCI Italy ETF
EWI
$911M
$610K 0.07%
22,650
– –
GDX icon
80
VanEck Gold Miners ETF
GDX
$23B
$573K 0.06%
20,000
– –
XLV icon
81
State Street Health Care Select Sector SPDR ETF
XLV
$42B
$543K 0.06%
4,000
– –
XHE icon
82
State Street SPDR S&P Health Care Equipment ETF
XHE
$147M
$517K 0.06%
5,750
– –
USO icon
83
United States Oil Fund
USO
$2.27B
$491K 0.05%
+7,000
New +$490K
XLC icon
84
State Street Communication Services Select Sector SPDR ETF
XLC
$21.9B
$480K 0.05%
10,000
– –
XSW icon
85
State Street SPDR S&P Software & Services ETF
XSW
$417M
$435K 0.05%
4,000
– –
PFIX icon
86
Simplify Interest Rate Hedge ETF
PFIX
$172M
$430K 0.05%
6,000
– –
EWH icon
87
iShares MSCI Hong Kong ETF
EWH
$1.22B
$420K 0.05%
20,000
– –
ECH icon
88
iShares MSCI Chile ETF
ECH
$1.01B
$379K 0.04%
14,000
– –
AMH icon
89
American Homes 4 Rent
AMH
$12B
$355K 0.04%
11,783
-8,803
-43% -$279K
CPT icon
90
Camden Property Trust
CPT
$11.3B
$348K 0.04%
3,112
-2,433
-44% -$278K
KBND
91
DELISTED
KraneShares Bloomberg China Bond Inclusion Index ETF
KBND
$330K 0.04%
10,658
– –
AIRC
92
DELISTED
Apartment Income REIT Corp.
AIRC
$329K 0.04%
9,578
-8,557
-47% -$314K
VNM icon
93
VanEck Vietnam ETF
VNM
$476M
$312K 0.03%
26,320
– –
AVB icon
94
AvalonBay Communities
AVB
$27.1B
$290K 0.03%
1,795
+107
+6% +$18.2K
EQR icon
95
Equity Residential
EQR
$25.4B
$284K 0.03%
4,814
+130
+3% +$8.13K
DOC
96
DELISTED
PHYSICIANS REALTY TRUST
DOC
$282K 0.03%
19,512
-14,985
-43% -$218K
EWT icon
97
iShares MSCI Taiwan ETF
EWT
$10B
$281K 0.03%
7,000
– –
INVH icon
98
Invitation Homes
INVH
$17.7B
$280K 0.03%
9,452
-10,067
-52% -$319K
CRBN icon
99
iShares Low Carbon Optimized MSCI ACWI ETF
CRBN
$1.12B
$258K 0.03%
1,871
– –
EIDO icon
100
iShares MSCI Indonesia ETF
EIDO
$476M
$233K 0.03%
10,400
– –
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 2022 Portfolio in Review

As of Q4 2022, Global Endowment Management held 116 positions worth $903M, down 8.9% from $991M the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Global Endowment Management withdrew a net $109M in Q4 2022, closing 9 positions and reducing 34 holdings. Its most notable exit was Zillow, an estimated $5.77M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 5.6% of assets, down from 11% a quarter earlier, followed by Technology and Financials.

Against the trend, Global Endowment Management opened a new position in iShares iBoxx $ High Yield Corporate Bond ETF worth $3.31M.

  • Global Endowment Management's largest Q4 2022 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 45,000 shares worth $3.31M.
  • Global Endowment Management added most to Vanguard Total International Stock ETF in Q4 2022, an estimated $45.6M increase.
  • Global Endowment Management's biggest Q4 2022 reduction was Amazon, cutting an estimated $32.3M.
  • Global Endowment Management fully exited Zillow in Q4 2022, selling an estimated $5.77M.
  • Global Endowment Management's ten largest holdings make up 75% of its $903M portfolio in Q4 2022.
  • Global Endowment Management opened 5 new positions and closed 9 in Q4 2022.
  • Global Endowment Management's portfolio value fell 8.9% quarter-over-quarter to $903M.

Based on Global Endowment Management's 13F filing for Q4 2022, filed 13 Feb 2023.