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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
ACM icon
76
Aecom
ACM
$9.07B
$902K 0.1%
+9,760
New +$828K
WBD icon
77
Warner Bros
WBD
$64.6B
$893K 0.1%
78,491
+2,020
+3% +$21.8K
K
78
DELISTED
Kellanova
K
$864K 0.1%
15,459
-387
-2% -$20.2K
ESGR
79
DELISTED
Enstar Group
ESGR
$853K 0.09%
2,897
-1,060
-27% -$277K
PPLI
80
People Inc
PPLI
$3.1B
$841K 0.09%
19,581
+1,439
+8% +$56.4K
ENVA icon
81
Enova International
ENVA
$5.91B
$841K 0.09%
15,193
-3,051
-17% -$141K
OWL icon
82
Blue Owl Capital
OWL
$6.39B
$832K 0.09%
55,824
-24,250
-30% -$326K
CCOI icon
83
Cogent Communications
CCOI
$594M
$799K 0.09%
10,505
-6,420
-38% -$429K
EWL icon
84
iShares MSCI Switzerland ETF
EWL
$2.12B
$772K 0.09%
16,000
– –
HUM icon
85
Humana
HUM
$46.7B
$769K 0.09%
+1,680
New +$828K
GBDC icon
86
Golub Capital BDC
GBDC
$3.33B
$755K 0.08%
50,000
– –
XLC icon
87
State Street Communication Services Select Sector SPDR ETF
XLC
$21.9B
$727K 0.08%
10,000
– –
XLF icon
88
State Street Financial Select Sector SPDR ETF
XLF
$56.1B
$716K 0.08%
19,030
– –
HYB
89
DELISTED
New America High Income Fund, Inc.
HYB
$704K 0.08%
100,000
– –
RGLD icon
90
Royal Gold
RGLD
$17.1B
$704K 0.08%
5,818
-990
-15% -$112K
SAVE
91
DELISTED
Spirit Airlines, Inc.
SAVE
$646K 0.07%
39,414
-11,679
-23% -$168K
STLA icon
92
Stellantis
STLA
$16.5B
$643K 0.07%
27,565
-19,033
-41% -$393K
IBKR icon
93
Interactive Brokers
IBKR
$40.9B
$642K 0.07%
30,992
-5,736
-16% -$117K
ULCC icon
94
Frontier Group Holdings
ULCC
$1.34B
$628K 0.07%
115,017
-10,657
-8% -$46.6K
GDX icon
95
VanEck Gold Miners ETF
GDX
$23B
$620K 0.07%
20,000
– –
UPWK icon
96
Upwork
UPWK
$1.09B
$618K 0.07%
41,591
-17,457
-30% -$225K
BABA icon
97
Alibaba
BABA
$269B
$610K 0.07%
7,864
-1,686
-18% -$134K
CXM icon
98
Sprinklr
CXM
$1.33B
$607K 0.07%
50,440
-21,300
-30% -$292K
XSW icon
99
State Street SPDR S&P Software & Services ETF
XSW
$417M
$601K 0.07%
4,000
– –
EOG icon
100
EOG Resources
EOG
$78B
$580K 0.06%
4,792
-1,030
-18% -$128K
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 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.