GEM

Global Endowment Management Portfolio holdings

AUM $769M

AUM

$769M

AUM Growth

-$12.5M (-2%)

Cap. Flow

-$8.75M

Cap. Flow % of AUM

-1.14%

Top 10 Holdings %Top 10 Hldgs %

70.41%

Holding

155

New

15

Increased

23

Reduced

74

Closed

13

Top Buys

1	SPDR S&P 500 ETF Trust SPY	$42M
2	Vanguard Total Stock Market ETF VTI	$14.7M
3	iShares Core US Aggregate Bond ETF AGG	$6.63M
4	iShares TIPS Bond ETF TIP	$4.72M
5	SPDR Portfolio S&P 500 ETF SPLG	$4.21M

Top Sells

1	Vanguard Total Bond Market BND	$22.5M
2	Vanguard Total International Stock ETF VXUS	$10.7M
3	JPMorgan BetaBuilders MSCI US REIT ETF BBRE	$5.93M
4	iShares 1-3 Year Treasury Bond ETF SHY	$5.89M
5	iShares 3-7 Year Treasury Bond ETF IEI	$4.61M

Sector Composition

1	Technology	4.84%
2	Financials	1.53%
3	Communication Services	1.15%
4	Consumer Discretionary	0.97%
5	Healthcare	0.37%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
151	151 United States Oil Fund USO $901M	$0	0%	0 -3,500	Closed	–
152	152 Vital Energy VTLE $592M	$0	0%	0 -20,007	Closed	–
153	153 Winnebago Industries WGO $913M	$0	0%	0 -35,309	Closed	–
154	154 XP XP $10.3B	$0	0%	0 -51,263	Closed	–
155	ETHA 155 iShares Ethereum Trust ETF ETHA $3.45B	$0	0%	0 -10,090	Closed	–