Global Endowment Management, LP
CHARLOTTE, NC
$987m in 72 US stocks at the end of 30 June 2026. The top 10 are 73.3% of the money. It changed about 12.5% of the portfolio this quarter.
Value
$987m
Stocks
72
Top 10 share
73.3%
Turnover
12.5%
What changed this quarter
New
Bought for the first time this quarter.
- Turning Point BrandsTPB1.1% of the fund
- Vanguard Malvern FDSVTG1.0% of the fund
- Spdr Series TrustSPHY0.2% of the fund
- IsharesEWT0.1% of the fund
- Spdr Series TrustXOP<0.1% of the fund
- Simplify Exchange Traded FUNPFIX<0.1% of the fund
Added
Bought more of a stock they already held.
- Vanguard Intl Equity Index FVT21.2% of the fund+31%
- Ishares TRAGG3.6% of the fund+8%
- Vanguard Index FDSVOO1.8% of the fund+3%
- Darling IngredientsDAR1.4% of the fund+2699%
- Schwab Strategic TRSCHX1.4% of the fund+20%
- Ishares TRTIP1.2% of the fund+9%
- Barclays BankDJP1.1% of the fund+28%
- IsharesEWY1.0% of the fund+1173%
- Morgan Stanley ETF TrustCVLC0.7% of the fund+24%
- Spdr Index SHS FDSSPDW0.6% of the fund+14%
- Ishares TREAGG0.4% of the fund+37%
- Spdr Series TrustJNK0.4% of the fund+13%
- Invesco DB Commdy Indx TrckDBC0.3% of the fund+16%
- Ishares TRHYG0.3% of the fund+25%
- Spdr Index SHS FDSSPEM0.3% of the fund+14%
- Kraneshares TrustKWEB0.2% of the fund+17%
- Cogent Communications HoldingsCCOI0.2% of the fund+760%
- Spdr Series TrustSPYM0.2% of the fund+93%
- Spdr Series TrustSPIB0.2% of the fund+46%
- IsharesEWC0.1% of the fund+300%
- DBX ETF TRASHR<0.1% of the fund+30%
- Ishares TRGVI<0.1% of the fund+19%
- Ishares TRSTIP<0.1% of the fund+118%
Cut
Sold some of their stake.
- Vanguard Index FDSVTI11.9% of the fund-5%
- Vanguard Star FDSVXUS10.5% of the fund-15%
- J P Morgan Exchange Traded FBBRE4.6% of the fund-2%
- AppleAAPL2.2% of the fund-6%
- Ishares TRAAXJ1.8% of the fund-5%
- IsharesEWJ1.1% of the fund-5%
- State STR Spdr S&P 500 ETF TSPY0.6% of the fund-75%
- Spdr Series TrustSPAB0.4% of the fund-13%
- Vaneck ETF TrustGDX0.3% of the fund-20%
- Vanguard Tax-Managed FDSVEA0.2% of the fund-38%
- Ishares TREWU0.2% of the fund-26%
- Amazon.comAMZN0.2% of the fund-45%
- Vanguard Index FDSVNQ0.1% of the fund-59%
- IsharesEWP0.1% of the fund-33%
- Spyre TherapeuticsSYRE0.1% of the fund-33%
- Meta PlatformsMETA0.1% of the fund-46%
- Global X FDSARGT<0.1% of the fund-14%
- Schwab Strategic TRSCHG<0.1% of the fund-20%
- NYLI MacKay DefinedTerm Muni Opportunities FundMMD<0.1% of the fund-12%
- Ishares TRSHYG<0.1% of the fund-10%
- Ishares TRSHY<0.1% of the fund-90%
Sold out
Sold their entire stake.
- Select Sector Spdr TRXLV-100%
- TXO Partners LPTXO-100%
- Berkshire HathawayBRK-B-100%
- Vanguard Charlotte FDSBNDX-100%
- Ishares TRIEI-100%
- IsharesEWG-100%
- Select Sector Spdr TRXLI-100%
- Ishares TREIRL-100%
- Invesco Exchange Traded FD TRSP-100%
- CrocsCROX-100%
- Select Sector Spdr TRXLC-100%
- Golub Capital BDCGBDC-100%
- Ishares TRINDA-100%
- Apogee TherapeuticsAPGE-100%
- PDD HoldingsPDD-100%
- Alamos GoldAGI-100%
- Ishares TRIGV-100%
- IsharesECH-100%
- IsharesEWI-100%
- Select Sector Spdr TRXLK-100%
- Credit AcceptanceCACC-100%
- CoupangCPNG-100%
- Joint Stock Co Kaspi.kzKSPI-100%
- Ishares TRFXI-100%
- First TR Exchange-Traded FDCIBR-100%
Holdings
- Vanguard Intl Equity Index FVT
- Share
- 21.2%
- Value
- $209m
- Shares
- 1,331,484
+31%
- Vanguard Index FDSVTI
- Share
- 11.9%
- Value
- $117m
- Shares
- 317,307
-5%
- Vanguard BD Index FDSBND
- Share
- 10.9%
- Value
- $107m
- Shares
- 1,463,086
Held
- Vanguard Star FDSVXUS
- Share
- 10.5%
- Value
- $104m
- Shares
- 1,217,344
-15%
- J P Morgan Exchange Traded FBBRE
- Share
- 4.6%
- Value
- $46m
- Shares
- 427,282
-2%
- Ishares TRAGG
- Share
- 3.6%
- Value
- $36m
- Shares
- 362,472
+8%
- Ishares TRIYR
- Share
- 2.1%
- Value
- $21m
- Shares
- 204,000
Held
- Ishares TRAAXJ
- Share
- 1.8%
- Value
- $18m
- Shares
- 150,034
-5%
- Vanguard Index FDSVOO
- Share
- 1.8%
- Value
- $18m
- Shares
- 26,062
+3%
- Vanguard Intl Equity Index FVWO
- Share
- 1.8%
- Value
- $18m
- Shares
- 298,000
Held
- Schwab Strategic TRSCHX
- Share
- 1.4%
- Value
- $14m
- Shares
- 465,798
+20%
- Ishares TRTIP
- Share
- 1.2%
- Value
- $12m
- Shares
- 109,883
+9%
- Sprott Asset Management LPPHYS
- Share
- 1.2%
- Value
- $12m
- Shares
- 396,000
Held
- Barclays BankDJP
- Share
- 1.1%
- Value
- $11m
- Shares
- 254,683
+28%
- IsharesEWJ
- Share
- 1.1%
- Value
- $11m
- Shares
- 116,963
-5%
- IsharesEWY
- Share
- 1.0%
- Value
- $10m
- Shares
- 50,923
+1173%
- Vanguard Malvern FDSVTG
- Share
- 1.0%
- Value
- $10m
- Shares
- 133,210
New
- Morgan Stanley ETF TrustCVLC
- Share
- 0.7%
- Value
- $7m
- Shares
- 76,392
+24%
- Spdr Index SHS FDSSPDW
- Share
- 0.6%
- Value
- $6m
- Shares
- 119,538
+14%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.6%
- Value
- $6m
- Shares
- 7,500
-75%
- Ishares TREAGG
- Share
- 0.4%
- Value
- $4m
- Shares
- 93,604
+37%
- Spdr Series TrustJNK
- Share
- 0.4%
- Value
- $4m
- Shares
- 40,340
+13%
- Spdr Series TrustSPAB
- Share
- 0.4%
- Value
- $4m
- Shares
- 148,926
-13%
- Vaneck ETF TrustGDX
- Share
- 0.3%
- Value
- $3m
- Shares
- 40,000
-20%
- Invesco DB Commdy Indx TrckDBC
- Share
- 0.3%
- Value
- $3m
- Shares
- 107,752
+16%
- Ishares TRHYG
- Share
- 0.3%
- Value
- $3m
- Shares
- 33,266
+25%
- Spdr Index SHS FDSSPEM
- Share
- 0.3%
- Value
- $3m
- Shares
- 51,206
+14%
- Franklin Templeton ETF TRFLKR
- Share
- 0.2%
- Value
- $2m
- Shares
- 33,565
Held
- Spdr Series TrustSPHY
- Share
- 0.2%
- Value
- $2m
- Shares
- 94,519
New
- Vanguard Intl Equity Index FVGK
- Share
- 0.2%
- Value
- $2m
- Shares
- 25,000
Held
- Kraneshares TrustKWEB
- Share
- 0.2%
- Value
- $2m
- Shares
- 90,000
+17%
- Spdr Series TrustSPYM
- Share
- 0.2%
- Value
- $2m
- Shares
- 24,926
+93%
- Vanguard Tax-Managed FDSVEA
- Share
- 0.2%
- Value
- $2m
- Shares
- 30,000
-38%
- Spdr Series TrustSPIB
- Share
- 0.2%
- Value
- $2m
- Shares
- 54,077
+46%
- Wisdomtree TRDXJ
- Share
- 0.2%
- Value
- $2m
- Shares
- 10,000
Held
- Ishares TREWU
- Share
- 0.2%
- Value
- $2m
- Shares
- 37,000
-26%
- Vaneck ETF TrustANGL
- Share
- 0.1%
- Value
- $1m
- Shares
- 50,000
Held
- IsharesEWT
- Share
- 0.1%
- Value
- $1m
- Shares
- 13,000
New
- Vanguard Index FDSVNQ
- Share
- 0.1%
- Value
- $1m
- Shares
- 13,000
-59%
- IsharesEWP
- Share
- 0.1%
- Value
- $1m
- Shares
- 20,000
-33%
- Spdr Index SHS FDSFEZ
- Share
- 0.1%
- Value
- $1m
- Shares
- 17,160
Held
- IsharesEWC
- Share
- 0.1%
- Value
- $1m
- Shares
- 20,000
+300%
- IsharesEWA
- Share
- 0.1%
- Value
- $1m
- Shares
- 40,000
Held
- Pimco ETF TRLTPZ
- Share
- 0.1%
- Value
- $1m
- Shares
- 20,000
Held
- DBX ETF TRASHR
- Share
- <0.1%
- Value
- $953,000
- Shares
- 26,000
+30%
- IsharesEWS
- Share
- <0.1%
- Value
- $888,000
- Shares
- 30,000
Held
- EA Series TrustSHOC
- Share
- <0.1%
- Value
- $854,000
- Shares
- 7,000
Held
- Ishares TRGVI
- Share
- <0.1%
- Value
- $729,000
- Shares
- 6,872
+19%
- GMO ETF TrustQLTY
- Share
- <0.1%
- Value
- $666,000
- Shares
- 16,000
Held
- Ishares TRSTIP
- Share
- <0.1%
- Value
- $628,000
- Shares
- 6,151
+118%
- Invesco Exch Traded FD TR IICQQQ
- Share
- <0.1%
- Value
- $570,000
- Shares
- 10,000
Held
- Global X FDSARGT
- Share
- <0.1%
- Value
- $548,000
- Shares
- 6,000
-14%
- Schwab Strategic TRSCHG
- Share
- <0.1%
- Value
- $496,000
- Shares
- 14,654
-20%
- Pimco Municipal Income Fund IIPML
- Share
- <0.1%
- Value
- $490,000
- Shares
- 64,352
Held
- Spdr Series TrustXOP
- Share
- <0.1%
- Value
- $463,000
- Shares
- 3,000
New
- NYLI MacKay DefinedTerm Muni Opportunities FundMMD
- Share
- <0.1%
- Value
- $409,000
- Shares
- 26,413
-12%
- Global X FDSURA
- Share
- <0.1%
- Value
- $350,000
- Shares
- 8,000
Held
- Simplify Exchange Traded FUNPFIX
- Share
- <0.1%
- Value
- $347,000
- Shares
- 8,000
New
- Roundhill ETF TrustHUMN
- Share
- <0.1%
- Value
- $344,000
- Shares
- 9,760
Held
- Ishares TRSHYG
- Share
- <0.1%
- Value
- $316,000
- Shares
- 7,459
-10%
- Ishares TRSHY
- Share
- <0.1%
- Value
- $315,000
- Shares
- 3,842
-90%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Vanguard Intl Equity Index FVT | 21.2% | $209m | 1,331,484 | +31% |
| Vanguard Index FDSVTI | 11.9% | $117m | 317,307 | -5% |
| Vanguard BD Index FDSBND | 10.9% | $107m | 1,463,086 | Held |
| Vanguard Star FDSVXUS | 10.5% | $104m | 1,217,344 | -15% |
| J P Morgan Exchange Traded FBBRE | 4.6% | $46m | 427,282 | -2% |
| Ishares TRAGG | 3.6% | $36m | 362,472 | +8% |
| AlphabetGOOGL | 3.6% | $36m | 100,042 | Held |
| NvidiaNVDA | 2.5% | $25m | 124,579 | Held |
| AppleAAPL | 2.2% | $22m | 74,820 | -6% |
| Ishares TRIYR | 2.1% | $21m | 204,000 | Held |
| MicrosoftMSFT | 1.9% | $18m | 49,241 | Held |
| Ishares TRAAXJ | 1.8% | $18m | 150,034 | -5% |
| Vanguard Index FDSVOO | 1.8% | $18m | 26,062 | +3% |
| Vanguard Intl Equity Index FVWO | 1.8% | $18m | 298,000 | Held |
| Darling IngredientsDAR | 1.4% | $14m | 261,500 | +2699% |
| Schwab Strategic TRSCHX | 1.4% | $14m | 465,798 | +20% |
| Ishares TRTIP | 1.2% | $12m | 109,883 | +9% |
| Sprott Asset Management LPPHYS | 1.2% | $12m | 396,000 | Held |
| Barclays BankDJP | 1.1% | $11m | 254,683 | +28% |
| IsharesEWJ | 1.1% | $11m | 116,963 | -5% |
| Turning Point BrandsTPB | 1.1% | $11m | 126,808 | New |
| IsharesEWY | 1.0% | $10m | 50,923 | +1173% |
| Vanguard Malvern FDSVTG | 1.0% | $10m | 133,210 | New |
| Morgan Stanley ETF TrustCVLC | 0.7% | $7m | 76,392 | +24% |
| Spdr Index SHS FDSSPDW | 0.6% | $6m | 119,538 | +14% |
| State STR Spdr S&P 500 ETF TSPY | 0.6% | $6m | 7,500 | -75% |
| Ishares TREAGG | 0.4% | $4m | 93,604 | +37% |
| Spdr Series TrustJNK | 0.4% | $4m | 40,340 | +13% |
| Spdr Series TrustSPAB | 0.4% | $4m | 148,926 | -13% |
| Vaneck ETF TrustGDX | 0.3% | $3m | 40,000 | -20% |
| Invesco DB Commdy Indx TrckDBC | 0.3% | $3m | 107,752 | +16% |
| Ishares TRHYG | 0.3% | $3m | 33,266 | +25% |
| Spdr Index SHS FDSSPEM | 0.3% | $3m | 51,206 | +14% |
| Franklin Templeton ETF TRFLKR | 0.2% | $2m | 33,565 | Held |
| Spdr Series TrustSPHY | 0.2% | $2m | 94,519 | New |
| Vanguard Intl Equity Index FVGK | 0.2% | $2m | 25,000 | Held |
| Kraneshares TrustKWEB | 0.2% | $2m | 90,000 | +17% |
| Cogent Communications HoldingsCCOI | 0.2% | $2m | 158,582 | +760% |
| Spdr Series TrustSPYM | 0.2% | $2m | 24,926 | +93% |
| Vanguard Tax-Managed FDSVEA | 0.2% | $2m | 30,000 | -38% |
| Spdr Series TrustSPIB | 0.2% | $2m | 54,077 | +46% |
| Wisdomtree TRDXJ | 0.2% | $2m | 10,000 | Held |
| Ishares TREWU | 0.2% | $2m | 37,000 | -26% |
| Amazon.comAMZN | 0.2% | $2m | 6,896 | -45% |
| Vaneck ETF TrustANGL | 0.1% | $1m | 50,000 | Held |
| IsharesEWT | 0.1% | $1m | 13,000 | New |
| Vanguard Index FDSVNQ | 0.1% | $1m | 13,000 | -59% |
| IsharesEWP | 0.1% | $1m | 20,000 | -33% |
| Spdr Index SHS FDSFEZ | 0.1% | $1m | 17,160 | Held |
| IsharesEWC | 0.1% | $1m | 20,000 | +300% |
| IsharesEWA | 0.1% | $1m | 40,000 | Held |
| Spyre TherapeuticsSYRE | 0.1% | $1m | 12,123 | -33% |
| BroadcomAVGO | 0.1% | $1m | 2,722 | Held |
| Pimco ETF TRLTPZ | 0.1% | $1m | 20,000 | Held |
| Meta PlatformsMETA | 0.1% | $1m | 1,785 | -46% |
| DBX ETF TRASHR | <0.1% | $953,000 | 26,000 | +30% |
| IsharesEWS | <0.1% | $888,000 | 30,000 | Held |
| EA Series TrustSHOC | <0.1% | $854,000 | 7,000 | Held |
| Ishares TRGVI | <0.1% | $729,000 | 6,872 | +19% |
| GMO ETF TrustQLTY | <0.1% | $666,000 | 16,000 | Held |
| Ishares TRSTIP | <0.1% | $628,000 | 6,151 | +118% |
| Invesco Exch Traded FD TR IICQQQ | <0.1% | $570,000 | 10,000 | Held |
| Global X FDSARGT | <0.1% | $548,000 | 6,000 | -14% |
| Schwab Strategic TRSCHG | <0.1% | $496,000 | 14,654 | -20% |
| Pimco Municipal Income Fund IIPML | <0.1% | $490,000 | 64,352 | Held |
| Spdr Series TrustXOP | <0.1% | $463,000 | 3,000 | New |
| NYLI MacKay DefinedTerm Muni Opportunities FundMMD | <0.1% | $409,000 | 26,413 | -12% |
| Global X FDSURA | <0.1% | $350,000 | 8,000 | Held |
| Simplify Exchange Traded FUNPFIX | <0.1% | $347,000 | 8,000 | New |
| Roundhill ETF TrustHUMN | <0.1% | $344,000 | 9,760 | Held |
| Ishares TRSHYG | <0.1% | $316,000 | 7,459 | -10% |
| Ishares TRSHY | <0.1% | $315,000 | 3,842 | -90% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 31.3% since 30 June 2025.
Where the money is
Technology6.7%
Media & telecom3.9%
Everyday goods2.5%
Retail & consumer0.2%
Health care0.1%
Other86.5%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.