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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
ENVA icon
76
Enova International
ENVA
$5.91B
$928K 0.1%
+18,244
New +$952K
KRBN icon
77
KraneShares Global Carbon Strategy ETF
KRBN
$141M
$903K 0.1%
25,000
– –
STLA icon
78
Stellantis
STLA
$16.5B
$891K 0.1%
+46,598
New +$872K
K
79
DELISTED
Kellanova
K
$885K 0.09%
+15,846
New +$943K
SAVE
80
DELISTED
Spirit Airlines, Inc.
SAVE
$843K 0.09%
+51,093
New +$870K
FRO icon
81
Frontline
FRO
$8.75B
$837K 0.09%
+44,548
New +$750K
WBD icon
82
Warner Bros
WBD
$64.6B
$830K 0.09%
+76,471
New +$954K
BABA icon
83
Alibaba
BABA
$269B
$828K 0.09%
+9,550
New +$874K
IBKR icon
84
Interactive Brokers
IBKR
$40.9B
$795K 0.09%
+36,728
New +$817K
ARGT icon
85
Global X MSCI Argentina ETF
ARGT
$842M
$770K 0.08%
18,660
– –
PPLI
86
People Inc
PPLI
$3.1B
$750K 0.08%
+18,142
New +$880K
EOG icon
87
EOG Resources
EOG
$78B
$738K 0.08%
+5,822
New +$741K
GBDC icon
88
Golub Capital BDC
GBDC
$3.33B
$734K 0.08%
50,000
– –
RGLD icon
89
Royal Gold
RGLD
$17.1B
$724K 0.08%
+6,808
New +$774K
EWL icon
90
iShares MSCI Switzerland ETF
EWL
$2.12B
$697K 0.07%
16,000
– –
SHYG icon
91
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.57B
$696K 0.07%
16,975
-57,136
-77% -$2.36M
UPWK icon
92
Upwork
UPWK
$1.09B
$671K 0.07%
+59,048
New +$733K
XLC icon
93
State Street Communication Services Select Sector SPDR ETF
XLC
$21.9B
$656K 0.07%
10,000
– –
HYB
94
DELISTED
New America High Income Fund, Inc.
HYB
$648K 0.07%
+100,000
New +$670K
XLF icon
95
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
$631K 0.07%
19,030
– –
ULCC icon
96
Frontier Group Holdings
ULCC
$1.34B
$608K 0.07%
+125,674
New +$941K
GDX icon
97
VanEck Gold Miners ETF
GDX
$23B
$538K 0.06%
20,000
– –
ASHR icon
98
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.35B
$520K 0.06%
20,000
-20,800
-51% -$557K
XSW icon
99
State Street SPDR S&P Software & Services ETF
XSW
$417M
$508K 0.05%
4,000
– –
XHE icon
100
State Street SPDR S&P Health Care Equipment ETF
XHE
$147M
$449K 0.05%
5,750
– –
2 3
4
5 6

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 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.