13F HOLDINGS REPORT
Global Endowment Management, LP
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0001512237-25-000007
Total Value
$798.6M
Positions
128
Other Managers
0
Confidential Omitted
No
Holdings (128)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VANGUARD BD INDEX FDS | 921937835 | 1,936,795 | $144.0M | 18.04% |
| 2 | VANGUARD INDEX FDS | 922908769 | 307,139 | $100.8M | 12.62% |
| 3 | VANGUARD STAR FDS | 921909768 | 1,181,872 | $86.8M | 10.87% |
| 4 | VANGUARD INTL EQUITY INDEX F | 922042742 | 314,751 | $43.4M | 5.43% |
| 5 | TXO PARTNERS LP | TXO | 2,686,017 | $37.7M | 4.73% |
| 6 | J P MORGAN EXCHANGE TRADED F | 46641Q738 | 378,027 | $36.1M | 4.52% |
| 7 | MICROSOFT CORP | MSFT | 48,638 | $25.2M | 3.15% |
| 8 | ALPHABET INC | GOOG | 101,959 | $24.8M | 3.10% |
| 9 | NVIDIA CORPORATION | NVDA | 120,938 | $22.6M | 2.83% |
| 10 | APPLE INC | AAPL | 77,012 | $19.6M | 2.46% |
| 11 | VANGUARD INTL EQUITY INDEX F | 922042858 | 298,000 | $16.1M | 2.02% |
| 12 | SPDR S&P 500 ETF TR | SPY | 23,327 | $15.5M | 1.95% |
| 13 | VANGUARD INDEX FDS | 922908363 | 24,684 | $15.1M | 1.89% |
| 14 | ISHARES TR | 464288182 | 165,578 | $15.1M | 1.89% |
| 15 | ISHARES TR | 464287226 | 140,915 | $14.1M | 1.77% |
| 16 | ISHARES TR | 464287739 | 136,080 | $13.2M | 1.65% |
| 17 | SPROTT ASSET MANAGEMENT LP | SII | 396,000 | $11.7M | 1.47% |
| 18 | SCHWAB STRATEGIC TR | 808524201 | 375,122 | $9.9M | 1.24% |
| 19 | SELECT SECTOR SPDR TR | 81369Y209 | 63,294 | $8.8M | 1.10% |
| 20 | ISHARES TR | 464287176 | 74,381 | $8.3M | 1.04% |
| 21 | ISHARES INC | 46434G822 | 85,674 | $6.9M | 0.86% |
| 22 | META PLATFORMS INC | META | 7,697 | $5.7M | 0.71% |
| 23 | BARCLAYS BANK PLC | VXZ | 139,332 | $4.9M | 0.62% |
| 24 | AMAZON COM INC | AMZN | 22,362 | $4.9M | 0.61% |
| 25 | VANECK ETF TRUST | 92189F106 | 55,000 | $4.2M | 0.53% |
| 26 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 8,279 | $4.2M | 0.52% |
| 27 | SPDR GOLD TR | GLD | 11,000 | $3.9M | 0.49% |
| 28 | SPDR INDEX SHS FDS | 78463X889 | 85,266 | $3.6M | 0.46% |
| 29 | MORGAN STANLEY ETF TRUST | MS-PQ | 42,446 | $3.5M | 0.44% |
| 30 | VANGUARD INDEX FDS | 922908553 | 38,000 | $3.5M | 0.44% |
| 31 | ISHARES TR | 464287457 | 40,000 | $3.3M | 0.42% |
| 32 | SPDR SERIES TRUST | 78464A649 | 119,444 | $3.1M | 0.39% |
| 33 | VANGUARD TAX-MANAGED FDS | 921943858 | 48,000 | $2.9M | 0.36% |
| 34 | INVESCO DB COMMDY INDX TRCK | IVZ | 124,252 | $2.8M | 0.35% |
| 35 | VANGUARD CHARLOTTE FDS | 92203J407 | 56,568 | $2.8M | 0.35% |
| 36 | VANGUARD SCOTTSDALE FDS | 92206C706 | 44,700 | $2.7M | 0.34% |
| 37 | VANGUARD SCOTTSDALE FDS | 92206C847 | 46,770 | $2.7M | 0.33% |
| 38 | ISHARES TR | 464288661 | 20,000 | $2.4M | 0.30% |
| 39 | ISHARES TR | 46435U549 | 47,994 | $2.3M | 0.29% |
| 40 | ISHARES TR | 464288513 | 26,715 | $2.2M | 0.27% |
| 41 | KRANESHARES TRUST | 500767306 | 50,000 | $2.1M | 0.26% |
| 42 | ISHARES TR | 46435G334 | 50,000 | $2.1M | 0.26% |
| 43 | SPDR INDEX SHS FDS | 78463X509 | 42,104 | $2.0M | 0.25% |
| 44 | PIMCO ETF TR | 72201R304 | 30,000 | $1.6M | 0.20% |
| 45 | VANECK ETF TRUST | 92189F437 | 50,000 | $1.5M | 0.19% |
| 46 | ISHARES INC | 464286764 | 30,000 | $1.5M | 0.19% |
| 47 | SPDR SERIES TRUST | 78468R622 | 15,000 | $1.5M | 0.18% |
| 48 | ISHARES INC | 464286806 | 33,500 | $1.4M | 0.17% |
| 49 | ISHARES INC | 46434G780 | 40,000 | $1.1M | 0.14% |
| 50 | PDD HOLDINGS INC | PDD | 8,457 | $1.1M | 0.14% |
| 51 | ISHARES INC | 464286103 | 40,000 | $1.1M | 0.14% |
| 52 | SPDR INDEX SHS FDS | 78463X202 | 17,160 | $1.1M | 0.13% |
| 53 | INVESCO EXCHANGE TRADED FD T | IVZ | 5,000 | $948,500 | 0.12% |
| 54 | SELECT SECTOR SPDR TR | 81369Y852 | 8,000 | $946,960 | 0.12% |
| 55 | CARVANA CO | CVNA | 2,389 | $901,226 | 0.11% |
| 56 | CREDIT ACCEP CORP MICH | 225310101 | 1,921 | $896,973 | 0.11% |
| 57 | GE AEROSPACE | 369604301 | 2,976 | $895,240 | 0.11% |
| 58 | SCHWAB STRATEGIC TR | 808524300 | 27,218 | $868,526 | 0.11% |
| 59 | SELECT SECTOR SPDR TR | 81369Y803 | 3,000 | $845,580 | 0.11% |
| 60 | GLOBAL X FDS | 37950E259 | 12,000 | $837,120 | 0.10% |
| 61 | GOLUB CAP BDC INC | 38173M102 | 60,000 | $821,400 | 0.10% |
| 62 | VISA INC | V | 2,400 | $819,312 | 0.10% |
| 63 | COUPANG INC | CPNG | 25,168 | $810,410 | 0.10% |
| 64 | ISHARES TR | 46429B598 | 15,500 | $806,930 | 0.10% |
| 65 | CROCS INC | CROX | 9,436 | $788,378 | 0.10% |
| 66 | FRANKLIN TEMPLETON ETF TR | FGDL | 29,000 | $782,710 | 0.10% |
| 67 | VEEVA SYS INC | VEEV | 2,607 | $776,651 | 0.10% |
| 68 | MOODYS CORP | MCO | 1,585 | $755,221 | 0.09% |
| 69 | ENSIGN GROUP INC | ENSG | 4,341 | $749,995 | 0.09% |
| 70 | WARNER BROS DISCOVERY INC | WBD | 37,228 | $727,063 | 0.09% |
| 71 | MERCADOLIBRE INC | MELI | 310 | $724,451 | 0.09% |
| 72 | LOUISIANA PAC CORP | LPX | 7,224 | $641,780 | 0.08% |
| 73 | APPFOLIO INC | APPF | 2,277 | $627,678 | 0.08% |
| 74 | ISHARES TR | 464288612 | 5,723 | $614,862 | 0.08% |
| 75 | ROYAL GOLD INC | RGLD | 2,915 | $584,691 | 0.07% |
| 76 | 2023 ETF SERIES TRUST II | 90139K100 | 16,000 | $579,040 | 0.07% |
| 77 | CRH PLC | CRH | 4,657 | $558,374 | 0.07% |
| 78 | SPDR SERIES TRUST | 78464A375 | 16,216 | $549,560 | 0.07% |
| 79 | ISHARES INC | 46434G830 | 10,000 | $519,500 | 0.07% |
| 80 | SPDR SERIES TRUST | 78464A599 | 2,600 | $514,176 | 0.06% |
| 81 | PIMCO MUN INCOME FD II | 72200W106 | 64,352 | $509,024 | 0.06% |
| 82 | ISHARES INC | 46434G772 | 8,000 | $508,960 | 0.06% |
| 83 | HUMANA INC | HUM | 1,922 | $500,047 | 0.06% |
| 84 | NEWS CORP NEW | NWSLL | 16,126 | $495,229 | 0.06% |
| 85 | ISHARES INC | 464286772 | 6,110 | $489,411 | 0.06% |
| 86 | CAPITAL ONE FINL CORP | 14040H105 | 2,254 | $479,155 | 0.06% |
| 87 | ISHARES BITCOIN TRUST ETF | IBIT | 7,363 | $478,595 | 0.06% |
| 88 | PG&E CORP | PCG-PX | 31,650 | $477,282 | 0.06% |
| 89 | DARLING INGREDIENTS INC | DAR | 14,983 | $462,525 | 0.06% |
| 90 | ILLUMINA INC | ILMN | 4,866 | $462,124 | 0.06% |
| 91 | ISHARES INC | 464286640 | 14,000 | $461,440 | 0.06% |
| 92 | FERGUSON ENTERPRISES INC | FERG | 2,027 | $455,224 | 0.06% |
| 93 | NYLI MACKAY DEFINEDTERM MUNI | MMD | 30,000 | $453,900 | 0.06% |
| 94 | AIR PRODS & CHEMS INC | AIIR | 1,664 | $453,806 | 0.06% |
| 95 | ISHARES INC | 464286749 | 8,000 | $441,920 | 0.06% |
| 96 | ISHARES TR | 46434V407 | 10,150 | $439,495 | 0.06% |
| 97 | EA SERIES TRUST | 02072L672 | 7,000 | $437,271 | 0.05% |
| 98 | KASPI KZ JSC | 48581R205 | 5,330 | $435,354 | 0.05% |
| 99 | IAC INC | IAC | 12,062 | $410,952 | 0.05% |
| 100 | QORVO INC | QRVO | 4,474 | $407,492 | 0.05% |
| 101 | HEALTHCARE RLTY TR | 42226K105 | 22,498 | $405,639 | 0.05% |
| 102 | COGENT COMMUNICATIONS HLDGS | CCOI | 10,465 | $401,333 | 0.05% |
| 103 | AUTODESK INC | ADSK | 1,259 | $399,947 | 0.05% |
| 104 | VANGUARD INTL EQUITY INDEX F | 922042874 | 5,000 | $399,000 | 0.05% |
| 105 | BECTON DICKINSON & CO | BDX | 2,123 | $397,362 | 0.05% |
| 106 | MATCH GROUP INC NEW | MTCH | 11,224 | $396,432 | 0.05% |
| 107 | SIMPLIFY EXCHANGE TRADED FUN | 82889N855 | 8,000 | $385,360 | 0.05% |
| 108 | GLOBAL X FDS | 37954Y871 | 7,920 | $377,546 | 0.05% |
| 109 | GEN DIGITAL INC | GENVR | 13,068 | $371,001 | 0.05% |
| 110 | SPDR SERIES TRUST | 78468R556 | 2,700 | $356,940 | 0.04% |
| 111 | SALESFORCE INC | CRM | 1,504 | $356,448 | 0.04% |
| 112 | FAIR ISAAC CORP | FICO | 232 | $347,195 | 0.04% |
| 113 | SPDR SERIES TRUST | 78464A367 | 14,555 | $336,512 | 0.04% |
| 114 | WATERS CORP | 941848103 | 1,105 | $331,290 | 0.04% |
| 115 | DBX ETF TR | 233051879 | 10,000 | $329,800 | 0.04% |
| 116 | INVESCO EXCH TRADED FD TR II | IVZ | 5,500 | $324,555 | 0.04% |
| 117 | MARSH & MCLENNAN COS INC | 571748102 | 1,592 | $320,836 | 0.04% |
| 118 | APOGEE THERAPEUTICS INC | APGE | 7,797 | $309,775 | 0.04% |
| 119 | SPYRE THERAPEUTICS INC | SYRE | 18,184 | $304,764 | 0.04% |
| 120 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 1,692 | $285,068 | 0.04% |
| 121 | HERCULES CAPITAL INC | HCXY | 15,000 | $283,650 | 0.04% |
| 122 | KENVUE INC | KVUE | 17,149 | $278,328 | 0.03% |
| 123 | INTUIT | INTU | 401 | $273,847 | 0.03% |
| 124 | FLUTTER ENTMT PLC | G3643J108 | 1,043 | $264,922 | 0.03% |
| 125 | ISHARES INC | 464286509 | 5,000 | $252,750 | 0.03% |
| 126 | ALIGHT INC | ALIT | 74,034 | $241,351 | 0.03% |
| 127 | KRANESHARES TRUST | 500767553 | 13,389 | $228,550 | 0.03% |
| 128 | ISHARES INC | 464286822 | 3,000 | $204,630 | 0.03% |