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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
-12.37%
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
$468M
AUM Growth
-$286M
(-38%)
Cap. Flow
-$214M
Cap. Flow
% of AUM
-45.7%
Top 10 Holdings %
Top 10 Hldgs %
69.54%
Holding
246
New
27
Increased
22
Reduced
81
Closed
92
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$28.3M |
| 2 |
BOLD
Audentes Therapeutics, Inc
BOLD
|
+$13M |
| 3 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$5.91M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.04M |
| 5 |
United States Oil Fund
USO
|
+$2.86M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Credit Acceptance
CACC
|
+$21.5M |
| 2 |
WisdomTree Japan Hedged Equity Fund
DXJ
|
+$10.6M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$9.62M |
| 4 |
Meta Platforms (Facebook)
META
|
+$9.03M |
| 5 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$9.02M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 37.18% |
| 2 | Consumer Discretionary | 14.97% |
| 3 | Communication Services | 7.1% |
| 4 | Real Estate | 6.54% |
| 5 | Technology | 4.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Kinder Morgan
KMI
$73.1B
| – | – |
-26,610
| Closed | -$472K |
|
202
CarMax
KMX
$8.27B
| – | – |
-5,840
| Closed | -$436K |
|
203
Liberty Global Class A
LBTYA
$3.31B
| – | – |
-15,650
| Closed | -$453K |
|
204
Liberty Global Class C
LBTYK
$3.27B
| – | – |
-20,180
| Closed | -$568K |
|
205
Mid-America Apartment Communities
MAA
$15.6B
| – | – |
-5,780
| Closed | -$579K |
|
206
Manhattan Associates
MANH
$8.97B
| – | – |
-7,200
| Closed | -$394K |
|
207
Mondelez International
MDLZ
$77.7B
| – | – |
-151,700
| Closed | -$6.52M |
|
208
VanEck Agribusiness ETF
MOO
$989M
| – | – |
-5,000
| Closed | -$329K |
|
209
MPLX
MPLX
$59.5B
| – | – |
-7,430
| Closed | -$258K |
|
210
Manitowoc
MTW
$516M
| – | – |
-15,010
| Closed | -$360K |
|
211
Omega Healthcare
OHI
$15.4B
| – | – |
-49,200
| Closed | -$1.61M |
|
212
Bank OZK
OZK
$5.49B
| – | – |
-7,680
| Closed | -$292K |
|
213
Procter & Gamble
PG
$343B
| – | – |
-77,900
| Closed | -$6.48M |
|
214
Prologis
PLD
$138B
| – | – |
-9,027
| Closed | -$612K |
|
215
Philip Morris
PM
$301B
| – | – |
-85,440
| Closed | -$6.97M |
|
216
PTC
PTC
$13.7B
| – | – |
-5,800
| Closed | -$616K |
|
217
Qualcomm
QCOM
$176B
| – | – |
-4,504
| Closed | -$324K |
|
218
Regency Centers
REG
$15B
| – | – |
-24,690
| Closed | -$1.6M |
|
219
Comscore
SCOR
$110M
| – | – |
-870
| Closed | -$317K |
|
220
Shake Shack
SHAK
$2.3B
| – | – |
-90,000
| Closed | -$5.67M |
|
221
Molson Coors Class B
TAP
$7.68B
| – | – |
-3,400
| Closed | -$209K |
|
222
TripAdvisor
TRIP
$1.59B
| – | – |
-7,300
| Closed | -$373K |
|
223
Trupanion
TRUP
$1.05B
| – | – |
-238,400
| Closed | -$8.52M |
|
224
iShares MSCI Turkey ETF
TUR
$206M
| – | – |
-10,000
| Closed | -$238K |
|
225
Tyler Technologies
TYL
$12.2B
| – | – |
-1,290
| Closed | -$317K |
|
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Global Endowment Management's Q4 2018 Portfolio in Review
As of Q4 2018, Global Endowment Management held 246 positions worth $468M, down 38% from $754M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Global Endowment Management withdrew a net $214M in Q4 2018, closing 92 positions and reducing 81 holdings. Its most notable exit was Vanguard FTSE Emerging Markets ETF, an estimated $9.02M position sold in full.
By sector, the portfolio is most concentrated in Financials at 37% of assets, up from 31% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Global Endowment Management opened a new position in Audentes Therapeutics, Inc worth $10.7M.
- Global Endowment Management's largest Q4 2018 buy was Audentes Therapeutics, Inc: 502,339 shares worth $10.7M.
- Global Endowment Management added most to Amazon in Q4 2018, an estimated $28.3M increase.
- Global Endowment Management's biggest Q4 2018 reduction was Credit Acceptance, cutting an estimated $21.5M.
- Global Endowment Management fully exited Vanguard FTSE Emerging Markets ETF in Q4 2018, selling an estimated $9.02M.
- Global Endowment Management's ten largest holdings make up 70% of its $468M portfolio in Q4 2018.
- Global Endowment Management opened 27 new positions and closed 92 in Q4 2018.
- Global Endowment Management's portfolio value fell 38% quarter-over-quarter to $468M.
Based on Global Endowment Management's 13F filing for Q4 2018, filed 12 Feb 2019.