13F HOLDINGS REPORT
Global Endowment Management, LP
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001512237-26-000002
Total Value
$801.1M
Positions
138
Other Managers
0
Confidential Omitted
No
Holdings (138)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VANGUARD BD INDEX FDS | 921937835 | 1,879,532 | $139.2M | 17.38% |
| 2 | VANGUARD INDEX FDS | 922908769 | 281,603 | $94.4M | 11.79% |
| 3 | VANGUARD STAR FDS | 921909768 | 1,191,840 | $89.9M | 11.22% |
| 4 | J P MORGAN EXCHANGE TRADED F | 46641Q738 | 502,455 | $46.5M | 5.81% |
| 5 | VANGUARD INTL EQUITY INDEX F | 922042742 | 329,171 | $46.4M | 5.80% |
| 6 | ALPHABET INC | GOOG | 100,042 | $31.3M | 3.91% |
| 7 | MICROSOFT CORP | MSFT | 50,677 | $24.5M | 3.06% |
| 8 | NVIDIA CORPORATION | NVDA | 124,579 | $23.2M | 2.90% |
| 9 | APPLE INC | AAPL | 79,258 | $21.5M | 2.69% |
| 10 | TXO PARTNERS LP | TXO | 1,868,298 | $19.9M | 2.49% |
| 11 | SPDR S&P 500 ETF TR | SPY | 28,852 | $19.7M | 2.46% |
| 12 | VANGUARD INTL EQUITY INDEX F | 922042858 | 298,000 | $16.0M | 2.00% |
| 13 | ISHARES TR | 464288182 | 165,409 | $15.4M | 1.92% |
| 14 | VANGUARD INDEX FDS | 922908363 | 24,463 | $15.3M | 1.91% |
| 15 | ISHARES TR | 464287739 | 158,940 | $14.9M | 1.86% |
| 16 | ISHARES TR | 464287226 | 141,206 | $14.1M | 1.76% |
| 17 | SPROTT ASSET MANAGEMENT LP | SII | 396,000 | $13.1M | 1.63% |
| 18 | SCHWAB STRATEGIC TR | 808524201 | 363,887 | $9.8M | 1.22% |
| 19 | SELECT SECTOR SPDR TR | 81369Y209 | 61,592 | $9.5M | 1.19% |
| 20 | ISHARES INC | 46434G822 | 112,581 | $9.1M | 1.13% |
| 21 | ISHARES TR | 464287176 | 74,381 | $8.2M | 1.02% |
| 22 | BARCLAYS BANK PLC | VXZ | 151,240 | $5.7M | 0.71% |
| 23 | VANECK ETF TRUST | 92189F106 | 50,000 | $4.3M | 0.54% |
| 24 | SPDR INDEX SHS FDS | 78463X889 | 89,674 | $4.0M | 0.50% |
| 25 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 7,925 | $4.0M | 0.50% |
| 26 | SPDR SERIES TRUST | 78464A649 | 148,581 | $3.8M | 0.48% |
| 27 | MORGAN STANLEY ETF TRUST | MS-PQ | 42,101 | $3.5M | 0.44% |
| 28 | SPDR SERIES TRUST | 78468R622 | 35,550 | $3.5M | 0.43% |
| 29 | VANGUARD INDEX FDS | 922908553 | 38,000 | $3.4M | 0.42% |
| 30 | ISHARES TR | 464287457 | 40,000 | $3.3M | 0.41% |
| 31 | VANGUARD TAX-MANAGED FDS | 921943858 | 48,000 | $3.0M | 0.37% |
| 32 | AMAZON COM INC | AMZN | 12,478 | $2.9M | 0.36% |
| 33 | VANGUARD CHARLOTTE FDS | 92203J407 | 56,764 | $2.7M | 0.34% |
| 34 | VANGUARD SCOTTSDALE FDS | 92206C706 | 44,700 | $2.7M | 0.33% |
| 35 | KRANESHARES TRUST | 500767306 | 77,000 | $2.6M | 0.33% |
| 36 | VANGUARD SCOTTSDALE FDS | 92206C847 | 46,770 | $2.6M | 0.33% |
| 37 | ISHARES TR | 464288661 | 20,000 | $2.4M | 0.30% |
| 38 | ISHARES TR | 46435U549 | 49,674 | $2.4M | 0.30% |
| 39 | ISHARES TR | 46435G334 | 50,000 | $2.2M | 0.27% |
| 40 | ISHARES TR | 464288513 | 26,715 | $2.2M | 0.27% |
| 41 | META PLATFORMS INC | META | 3,177 | $2.1M | 0.26% |
| 42 | INVESCO DB COMMDY INDX TRCK | IVZ | 87,862 | $2.0M | 0.25% |
| 43 | SPDR INDEX SHS FDS | 78463X509 | 41,231 | $1.9M | 0.24% |
| 44 | ISHARES INC | 464286764 | 30,000 | $1.6M | 0.20% |
| 45 | PIMCO ETF TR | 72201R304 | 30,000 | $1.6M | 0.19% |
| 46 | VANECK ETF TRUST | 92189F437 | 50,000 | $1.5M | 0.18% |
| 47 | ISHARES INC | 464286806 | 33,500 | $1.4M | 0.18% |
| 48 | BROADCOM INC | AVGO | 3,646 | $1.3M | 0.16% |
| 49 | SPDR INDEX SHS FDS | 78463X202 | 17,160 | $1.1M | 0.14% |
| 50 | ISHARES TR | 46429B507 | 15,000 | $1.1M | 0.14% |
| 51 | ISHARES INC | 46434G780 | 40,000 | $1.1M | 0.14% |
| 52 | ISHARES INC | 464286103 | 40,000 | $1.0M | 0.13% |
| 53 | SELECT SECTOR SPDR TR | 81369Y704 | 6,500 | $1.0M | 0.13% |
| 54 | INVESCO EXCHANGE TRADED FD T | IVZ | 5,000 | $958,000 | 0.12% |
| 55 | GOLUB CAP BDC INC | 38173M102 | 70,000 | $950,000 | 0.12% |
| 56 | SELECT SECTOR SPDR TR | 81369Y852 | 8,000 | $942,000 | 0.12% |
| 57 | SPDR SERIES TRUST | 78464A854 | 11,731 | $941,000 | 0.12% |
| 58 | CROCS INC | CROX | 10,915 | $933,000 | 0.12% |
| 59 | FRANKLIN TEMPLETON ETF TR | FGDL | 29,000 | $929,000 | 0.12% |
| 60 | GLOBAL X FDS | 37950E259 | 10,000 | $914,000 | 0.11% |
| 61 | ISHARES INC | 464286772 | 9,000 | $875,000 | 0.11% |
| 62 | SELECT SECTOR SPDR TR | 81369Y803 | 6,000 | $864,000 | 0.11% |
| 63 | SCHWAB STRATEGIC TR | 808524300 | 26,100 | $851,000 | 0.11% |
| 64 | ISHARES TR | 46429B598 | 15,500 | $838,000 | 0.10% |
| 65 | CARVANA CO | CVNA | 1,848 | $780,000 | 0.10% |
| 66 | PDD HOLDINGS INC | PDD | 6,358 | $721,000 | 0.09% |
| 67 | VISA INC | V | 1,949 | $684,000 | 0.09% |
| 68 | SPDR SERIES TRUST | 78464A375 | 20,230 | $684,000 | 0.09% |
| 69 | GE AEROSPACE | 369604301 | 2,142 | $660,000 | 0.08% |
| 70 | ISHARES TR | 464288612 | 5,868 | $630,000 | 0.08% |
| 71 | GMO ETF TRUST | 90139K100 | 16,000 | $615,000 | 0.08% |
| 72 | SPYRE THERAPEUTICS INC | SYRE | 18,184 | $596,000 | 0.07% |
| 73 | APOGEE THERAPEUTICS INC | APGE | 7,797 | $589,000 | 0.07% |
| 74 | CREDIT ACCEP CORP MICH | 225310101 | 1,312 | $582,000 | 0.07% |
| 75 | ISHARES BITCOIN TRUST ETF | IBIT | 11,541 | $573,000 | 0.07% |
| 76 | ISHARES INC | 464286640 | 14,000 | $566,000 | 0.07% |
| 77 | ROYAL GOLD INC | RGLD | 2,475 | $550,000 | 0.07% |
| 78 | ISHARES TR | 46434V407 | 12,773 | $547,000 | 0.07% |
| 79 | ISHARES INC | 46434G830 | 10,000 | $543,000 | 0.07% |
| 80 | ISHARES TR | 464287184 | 14,000 | $536,000 | 0.07% |
| 81 | INVESCO EXCH TRADED FD TR II | IVZ | 10,000 | $520,000 | 0.06% |
| 82 | SPDR SERIES TRUST | 78464A698 | 8,000 | $518,000 | 0.06% |
| 83 | ISHARES INC | 46434G772 | 8,000 | $508,000 | 0.06% |
| 84 | SPDR SERIES TRUST | 78464A599 | 2,600 | $487,000 | 0.06% |
| 85 | PIMCO MUN INCOME FD II | 72200W106 | 64,352 | $485,000 | 0.06% |
| 86 | ISHARES INC | 464286749 | 8,000 | $480,000 | 0.06% |
| 87 | CRH PLC | CRH | 3,846 | $480,000 | 0.06% |
| 88 | EA SERIES TRUST | 02072L672 | 7,000 | $480,000 | 0.06% |
| 89 | KASPI KZ JSC | 48581R205 | 6,091 | $476,000 | 0.06% |
| 90 | NYLI MACKAY DEFINEDTERM MUNI | MMD | 30,000 | $446,000 | 0.06% |
| 91 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,429 | $434,000 | 0.05% |
| 92 | LOUISIANA PAC CORP | LPX | 5,201 | $420,000 | 0.05% |
| 93 | VANGUARD INTL EQUITY INDEX F | 922042874 | 5,000 | $418,000 | 0.05% |
| 94 | SPDR SERIES TRUST | 78464A367 | 18,080 | $409,000 | 0.05% |
| 95 | ENSIGN GROUP INC | ENSG | 2,258 | $393,000 | 0.05% |
| 96 | WARNER BROS DISCOVERY INC | WBD | 13,556 | $391,000 | 0.05% |
| 97 | MERCADOLIBRE INC | MELI | 192 | $387,000 | 0.05% |
| 98 | SIMPLIFY EXCHANGE TRADED FUN | 82889N855 | 8,000 | $383,000 | 0.05% |
| 99 | ENOVA INTL INC | 29357K103 | 2,412 | $379,000 | 0.05% |
| 100 | HERCULES CAPITAL INC | HCXY | 20,000 | $376,000 | 0.05% |
| 101 | APPFOLIO INC | APPF | 1,603 | $373,000 | 0.05% |
| 102 | IAC INC | IAC | 9,088 | $355,000 | 0.04% |
| 103 | UNITED STS OIL FD LP | UNTCW | 5,000 | $346,000 | 0.04% |
| 104 | SOTERA HEALTH CO | SHC | 19,468 | $343,000 | 0.04% |
| 105 | GLOBAL X FDS | 37954Y871 | 8,000 | $342,000 | 0.04% |
| 106 | SPDR SERIES TRUST | 78468R556 | 2,700 | $341,000 | 0.04% |
| 107 | COUPANG INC | CPNG | 14,240 | $336,000 | 0.04% |
| 108 | DARLING INGREDIENTS INC | DAR | 9,222 | $332,000 | 0.04% |
| 109 | ILLUMINA INC | ILMN | 2,509 | $329,000 | 0.04% |
| 110 | DBX ETF TR | 233051879 | 10,000 | $329,000 | 0.04% |
| 111 | HUMANA INC | HUM | 1,218 | $312,000 | 0.04% |
| 112 | VEEVA SYS INC | VEEV | 1,389 | $310,000 | 0.04% |
| 113 | PG&E CORP | PCG-PX | 18,602 | $299,000 | 0.04% |
| 114 | NEWS CORP NEW | NWSLL | 11,280 | $295,000 | 0.04% |
| 115 | AIR PRODS & CHEMS INC | AIIR | 1,178 | $291,000 | 0.04% |
| 116 | ROUNDHILL ETF TRUST | 77926X650 | 9,760 | $291,000 | 0.04% |
| 117 | FIRST TR EXCHANGE TRADED FD | 33734X846 | 4,000 | $286,000 | 0.04% |
| 118 | ISHARES INC | 464286509 | 5,000 | $270,000 | 0.03% |
| 119 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 1,635 | $265,000 | 0.03% |
| 120 | COGENT COMMUNICATIONS HLDGS | CCOI | 12,297 | $265,000 | 0.03% |
| 121 | BILL HOLDINGS INC | BILL | 4,720 | $257,000 | 0.03% |
| 122 | MOODYS CORP | MCO | 499 | $255,000 | 0.03% |
| 123 | MARSH & MCLENNAN COS INC | 571748102 | 1,352 | $251,000 | 0.03% |
| 124 | INTUIT | INTU | 379 | $251,000 | 0.03% |
| 125 | WATERS CORP | 941848103 | 655 | $249,000 | 0.03% |
| 126 | ISHARES TR | 464288760 | 1,140 | $245,000 | 0.03% |
| 127 | SALESFORCE INC | CRM | 899 | $238,000 | 0.03% |
| 128 | BECTON DICKINSON & CO | BDX | 1,218 | $236,000 | 0.03% |
| 129 | FLUTTER ENTMT PLC | G3643J108 | 1,094 | $235,000 | 0.03% |
| 130 | GEN DIGITAL INC | GENVR | 8,420 | $229,000 | 0.03% |
| 131 | KRANESHARES TRUST | 500767553 | 13,389 | $225,000 | 0.03% |
| 132 | KENVUE INC | KVUE | 12,807 | $221,000 | 0.03% |
| 133 | AUTODESK INC | ADSK | 727 | $215,000 | 0.03% |
| 134 | QORVO INC | QRVO | 2,522 | $213,000 | 0.03% |
| 135 | MATCH GROUP INC NEW | MTCH | 6,514 | $210,000 | 0.03% |
| 136 | ISHARES INC | 464286822 | 3,000 | $208,000 | 0.03% |
| 137 | HEALTHCARE RLTY TR | 42226K105 | 11,841 | $201,000 | 0.03% |
| 138 | ALIGHT INC | ALIT | 93,980 | $183,000 | 0.02% |