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GEM

Global Endowment Management Portfolio holdings

AUM $987M
1-Year Est. Return 17.98%
This Fund
S&P 500
This Quarter Est. Return
+2.45%
1 Year Est. Return
+17.98%
3 Year Est. Return
+46.12%
5 Year Est. Return
+27.87%
10 Year Est. Return
+180.58%
AUM
$842M
AUM Growth
-$97.3M
Cap. Flow
-$120M
Cap. Flow %
-14.22%
Top 10 Hldgs %
77.79%
Holding
104
New
1
Increased
12
Reduced
19
Closed
19

Top Buys

Rank Stock Value
1
XLP icon
State Street Consumer Staples Select Sector SPDR ETF
XLP
+$8.66M
2
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$7.96M
3
MBB icon
iShares MBS ETF
MBB
+$6.03M
4
VNQ icon
Vanguard Real Estate ETF
VNQ
+$4.96M
5
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$2.42M

Top Sells

Rank Stock Value
1
MGC icon
Vanguard Morningstar Mega Cap ETF
MGC
+$44.5M
2
AMZN icon
Amazon
AMZN
+$30.9M
3
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$13.6M
4
VXUS icon
Vanguard Total International Stock ETF
VXUS
+$6.98M
5
CACC icon
Credit Acceptance
CACC
+$6.26M

Sector Composition

Rank Sector Weight
1 Miscellaneous 97.59%
2 Financials 0.94%
3 Communication Services 0.47%
4 Technology 0.47%
5 Consumer Discretionary 0.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BND icon
1
Vanguard Total Bond Market
BND
$161B
$237M 28.14%
3,259,900
– –
VXUS icon
2
Vanguard Total International Stock ETF
VXUS
$165B
$120M 14.21%
2,134,172
-124,750
-6% -$6.98M
VTI icon
3
Vanguard Morningstar Total Stock Market ETF
VTI
$688B
$95.7M 11.37%
434,605
-65,150
-13% -$13.6M
SPY icon
4
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$65.2M 7.74%
147,000
– –
BBRE icon
5
JPMorgan BetaBuilders MSCI US REIT ETF
BBRE
$1.23B
$46.7M 5.55%
553,089
-40,735
-7% -$3.36M
XLV icon
6
State Street Health Care Select Sector SPDR ETF
XLV
$43B
$25.2M 2.99%
189,988
+60,400
+47% +$7.96M
XLP icon
7
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
$24.7M 2.93%
333,067
+115,350
+53% +$8.66M
VWO icon
8
Vanguard FTSE Emerging Markets ETF
VWO
$127B
$14.1M 1.68%
347,700
– –
VOO icon
9
Vanguard S&P 500 ETF
VOO
$1.05T
$13.6M 1.61%
33,276
-177
-0.5% -$68.3K
VT icon
10
Vanguard Total World Stock ETF
VT
$81.8B
$13.2M 1.57%
135,900
– –
VNQ icon
11
Vanguard Real Estate ETF
VNQ
$37.4B
$12M 1.42%
143,163
+60,563
+73% +$4.96M
DXJ icon
12
WisdomTree Japan Hedged Equity Fund
DXJ
$7.22B
$10.8M 1.29%
130,140
+30,140
+30% +$2.29M
TIP icon
13
iShares TIPS Bond ETF
TIP
$14.7B
$10.7M 1.27%
99,550
– –
MLPX icon
14
Global X MLP & Energy Infrastructure ETF
MLPX
$3.64B
$8.94M 1.06%
215,000
-50,000
-19% -$2M
RPV icon
15
Invesco S&P 500 Pure Value ETF
RPV
$1.74B
$8.32M 0.99%
107,267
-42,733
-28% -$3.19M
VEA icon
16
Vanguard FTSE Developed Markets ETF
VEA
$238B
$7.77M 0.92%
168,300
– –
TLT icon
17
iShares 20+ Year Treasury Bond ETF
TLT
$46.6B
$7.72M 0.92%
75,000
– –
IEF icon
18
iShares 7-10 Year Treasury Bond ETF
IEF
$41.6B
$7.23M 0.86%
74,870
– –
AAXJ icon
19
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.91B
$7.15M 0.85%
107,656
+55
+0.1% +$3.67K
PHYS icon
20
Sprott Physical Gold
PHYS
$15.7B
$7.1M 0.84%
476,000
– –
BRK.B icon
21
Berkshire Hathaway Class B
BRK.B
$1.09T
$6.48M 0.77%
19,000
-5,381
-22% -$1.76M
MBB icon
22
iShares MBS ETF
MBB
$39B
$5.98M 0.71%
+64,100
New +$6.03M
EWJ icon
23
iShares MSCI Japan ETF
EWJ
$23.7B
$5.57M 0.66%
90,000
– –
EWU icon
24
iShares MSCI United Kingdom ETF
EWU
$3.75B
$4.53M 0.54%
140,000
– –
GLD icon
25
SPDR Gold Trust
GLD
$148B
$3.57M 0.42%
20,000
– –
1
2 3 4 5

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NG
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FPGK
Financial Partners Group (Kansas) Overland Park, Kansas $985M AUM 29.69% 1-Year Est. Return
SAA
Southeast Asset Advisors Thomasville, Georgia $984M AUM 34.75% 1-Year Est. Return
APFP
Action Point Financial Planning Grand Rapids, Michigan $984M AUM
LI
LVZ Inc Holland, Michigan $984M AUM 17.9% 1-Year Est. Return
SLG
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CPBTD
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Global Endowment Management's Q2 2023 Portfolio in Review

As of Q2 2023, Global Endowment Management held 104 positions worth $842M, down 10% from $939M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Global Endowment Management withdrew a net $120M in Q2 2023, closing 19 positions and reducing 19 holdings. Its most notable exit was Vanguard Morningstar Mega Cap ETF, an estimated $44.5M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 98% of assets, up from 91% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Global Endowment Management opened a new position in iShares MBS ETF worth $5.98M.

  • Global Endowment Management's largest Q2 2023 buy was iShares MBS ETF: 64,100 shares worth $5.98M.
  • Global Endowment Management added most to State Street Consumer Staples Select Sector SPDR ETF in Q2 2023, an estimated $8.66M increase.
  • Global Endowment Management's biggest Q2 2023 reduction was Amazon, cutting an estimated $30.9M.
  • Global Endowment Management fully exited Vanguard Morningstar Mega Cap ETF in Q2 2023, selling an estimated $44.5M.
  • Global Endowment Management's ten largest holdings make up 78% of its $842M portfolio in Q2 2023.
  • Global Endowment Management opened 1 new position and closed 19 in Q2 2023.
  • Global Endowment Management's portfolio value fell 10% quarter-over-quarter to $842M.

Based on Global Endowment Management's 13F filing for Q2 2023, filed 11 Aug 2023.