GEM

Global Endowment Management Portfolio holdings

AUM $751M
This Quarter Return
+1%
1 Year Return
+11.47%
3 Year Return
+32.65%
5 Year Return
+50.86%
10 Year Return
+150.34%
AUM
$599M
AUM Growth
+$599M
Cap. Flow
-$76.2M
Cap. Flow %
-12.72%
Top 10 Hldgs %
32.13%
Holding
295
New
46
Increased
34
Reduced
51
Closed
49

Top Buys

1
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
$11.7M
2
AMZN icon
Amazon
AMZN
$10.9M
3
RRC icon
Range Resources
RRC
$7.21M
4
BK icon
Bank of New York Mellon
BK
$5.44M
5
BBWI icon
Bath & Body Works
BBWI
$5.3M

Top Sells

1
ZG icon
Zillow
ZG
$20.1M
2
BRK.B icon
Berkshire Hathaway Class B
BRK.B
$18.3M
3
TRLA
TRULIA INC (DEL)
TRLA
$15.6M
4
YELP icon
Yelp
YELP
$4.06M
5
GRUB
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$4.04M

Sector Composition

1 Real Estate 14.72%
2 Financials 12.98%
3 Consumer Discretionary 9.87%
4 Energy 9.4%
5 Technology 7.48%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
PMO
101
Putnam Municipal Opportunities Trust
PMO
$276M
$1.95M 0.33%
162,270
– –
AR icon
102
Antero Resources
AR
$9.82B
$1.88M 0.31%
+46,250
New +$1.88M
ET icon
103
Energy Transfer Partners
ET
$60.3B
$1.87M 0.31%
+32,650
New +$1.87M
VMO icon
104
Invesco Municipal Opportunity Trust
VMO
$619M
$1.86M 0.31%
144,830
– –
NQI
105
DELISTED
NUVEEN QUALITY MUNICIPAL FUND INC
NQI
$1.85M 0.31%
140,100
– –
NEA icon
106
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.29B
$1.83M 0.31%
132,690
– –
GLD icon
107
SPDR Gold Trust
GLD
$111B
$1.82M 0.3%
16,000
– –
VGM icon
108
Invesco Trust Investment Grade Municipals
VGM
$517M
$1.73M 0.29%
129,950
– –
CHRD icon
109
Chord Energy
CHRD
$6.12B
$1.72M 0.29%
+103,830
New +$1.72M
HEDJ icon
110
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.78B
$1.71M 0.29%
30,800
-18,700
-38% -$1.04M
NQU
111
DELISTED
NUVEEN QUALITY INCOME MUNI FD
NQU
$1.68M 0.28%
119,950
– –
WPZ
112
DELISTED
Williams Partners L.P.
WPZ
$1.66M 0.28%
30,660
+5,600
+22% +$304K
XLK icon
113
Technology Select Sector SPDR Fund
XLK
$83.6B
$1.65M 0.28%
40,000
– –
JPS
114
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$1.65M 0.28%
185,000
-15,000
-8% -$134K
GTU
115
DELISTED
CENTRAL GOLD TR (CANADA)
GTU
$1.63M 0.27%
40,000
+30,000
+300% +$1.22M
TWO
116
Two Harbors Investment
TWO
$1.05B
$1.62M 0.27%
161,500
-345,000
-68% -$3.46M
BUD icon
117
AB InBev
BUD
$116B
$1.6M 0.27%
+14,260
New +$1.6M
EWG icon
118
iShares MSCI Germany ETF
EWG
$2.49B
$1.58M 0.26%
57,530
– –
MORN icon
119
Morningstar
MORN
$10.8B
$1.55M 0.26%
+24,000
New +$1.55M
IGR
120
CBRE Global Real Estate Income Fund
IGR
$702M
$1.53M 0.26%
170,000
– –
SEMG
121
DELISTED
SEMGROUP CORPORATION
SEMG
$1.48M 0.25%
21,600
-2,400
-10% -$164K
ETP
122
DELISTED
Energy Transfer Partners, L.P.
ETP
$1.48M 0.25%
35,326
+800
+2% +$33.4K
XLE icon
123
Energy Select Sector SPDR Fund
XLE
$27.1B
$1.47M 0.25%
18,600
-8,800
-32% -$696K
XLI icon
124
Industrial Select Sector SPDR Fund
XLI
$23B
$1.44M 0.24%
25,500
– –
EQM
125
DELISTED
EQM Midstream Partners, LP
EQM
$1.42M 0.24%
16,090
-3,000
-16% -$264K
3 4
5
6 7