Global Endowment Management, LP 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Global Endowment Management, LP disclosed 142 US equity positions worth $769.3m in its Q1 2025 13F filing. The largest position was BND at 19.4% of the reported book, followed by VTI and VXUS. Against the Q4 2024 filing, it opened 2 new positions, added to 18 and reduced 18 among the top 50 holdings.
What did Global Endowment Management, LP own in Q1 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | BND VANGUARD BD INDEX FDS | 19.4% | $149.0m | 2,027,950 | -13% | reduced | |
| 2 | VTI VANGUARD INDEX FDS | 14.0% | $108.0m | 393,124 | 16% | added | |
| 3 | VXUS VANGUARD STAR FDS | 10.7% | $82.7m | 1,331,290 | -11% | reduced | |
| 4 | J P MORGAN EXCHANGE TRADED F | 5.7% | $43.6m | 463,443 | -12% | reduced | |
| 5 | SPY SPDR S&P 500 ETF TR | 5.5% | $42.0m | 75,083 | – | new | |
| 6 | TXO PARTNERS LP | 4.9% | $38.0m | 1,985,130 | 0% | held | |
| 7 | VT VANGUARD INTL EQUITY INDEX F | 4.5% | $34.7m | 299,101 | 6% | added | |
| 8 | AAPL APPLE INC | Technology | 2.2% | $17.1m | 77,012 | -8% | reduced |
| 9 | VWO VANGUARD INTL EQUITY INDEX F | 1.8% | $13.5m | 298,000 | 0% | held | |
| 10 | NVDA NVIDIA CORPORATION | Technology | 1.7% | $13.1m | 120,938 | -8% | reduced |
| 11 | VOO VANGUARD INDEX FDS | 1.7% | $12.7m | 24,784 | 5% | added | |
| 12 | AAXJ ISHARES TR | 1.6% | $12.6m | 170,667 | 6% | added | |
| 13 | MORGAN STANLEY ETF TRUST | 1.6% | $12.2m | 177,349 | 4% | added | |
| 14 | SPROTT PHYSICAL GOLD TR | 1.2% | $9.5m | 396,000 | 0% | held | |
| 15 | XLV SELECT SECTOR SPDR TR | 1.2% | $9.3m | 63,644 | -7% | reduced | |
| 16 | AGG ISHARES TR | 1.1% | $8.6m | 86,579 | 342% | added | |
| 17 | XLP SELECT SECTOR SPDR TR | 1.1% | $8.5m | 103,674 | -8% | reduced | |
| 18 | SPYM SPDR SER TR | 1.1% | $8.1m | 123,634 | 107% | added | |
| 19 | EAGG ISHARES TR | 1.0% | $8.0m | 169,079 | -6% | reduced | |
| 20 | EWJ ISHARES INC | 1.0% | $7.6m | 110,993 | -30% | reduced | |
| 21 | TIP ISHARES TR | 0.9% | $6.9m | 62,519 | 212% | added | |
| 22 | IYR ISHARES TR | 0.9% | $6.6m | 68,880 | 64% | added | |
| 23 | BRK/B BERKSHIRE HATHAWAY INC DEL | 0.7% | $5.4m | 10,111 | -34% | reduced | |
| 24 | META META PLATFORMS INC | Communication Services | 0.6% | $4.8m | 8,338 | -37% | reduced |
| 25 | DBC INVESCO DB COMMDY INDX TRCK | 0.6% | $4.4m | 196,736 | -25% | reduced | |
| 26 | AMZN AMAZON COM INC | Consumer Cyclical | 0.5% | $4.0m | 21,149 | -41% | reduced |
| 27 | GLD SPDR GOLD TR | 0.5% | $3.8m | 13,182 | 0% | held | |
| 28 | VNQ VANGUARD INDEX FDS | 0.5% | $3.8m | 41,930 | 0% | held | |
| 29 | SHY ISHARES TR | 0.4% | $3.3m | 40,000 | -64% | reduced | |
| 30 | MSFT MICROSOFT CORP | Technology | 0.4% | $3.2m | 8,563 | -43% | reduced |
| 31 | SPDW SPDR INDEX SHS FDS | 0.4% | $3.2m | 87,808 | 95% | added | |
| 32 | SPAB SPDR SER TR | 0.4% | $2.8m | 109,679 | 1% | added | |
| 33 | VGLT VANGUARD SCOTTSDALE FDS | 0.4% | $2.7m | 46,770 | 0% | held | |
| 34 | VGIT VANGUARD SCOTTSDALE FDS | 0.3% | $2.7m | 44,700 | 0% | held | |
| 35 | GDX VANECK ETF TRUST | 0.3% | $2.5m | 55,000 | 0% | held | |
| 36 | MLPX GLOBAL X FDS | 0.3% | $2.5m | 39,000 | -13% | reduced | |
| 37 | VEA VANGUARD TAX-MANAGED FDS | 0.3% | $2.4m | 48,000 | 0% | held | |
| 38 | IEI ISHARES TR | 0.3% | $2.4m | 20,000 | -66% | reduced | |
| 39 | GOOGL ALPHABET INC | Communication Services | 0.3% | $2.0m | 12,784 | 21% | added |
| 40 | DJP BARCLAYS BANK PLC | 0.2% | $1.9m | 54,000 | – | new | |
| 41 | EWU ISHARES TR | 0.2% | $1.9m | 50,000 | -50% | reduced | |
| 42 | INDA ISHARES TR | 0.2% | $1.8m | 35,000 | 17% | added | |
| 43 | HYG ISHARES TR | 0.2% | $1.8m | 22,753 | 110% | added | |
| 44 | KWEB KRANESHARES TRUST | 0.2% | $1.7m | 50,000 | 150% | added | |
| 45 | SPEM SPDR INDEX SHS FDS | 0.2% | $1.7m | 43,580 | 127% | added | |
| 46 | QQQ INVESCO QQQ TR | 0.2% | $1.6m | 3,481 | 358% | added | |
| 47 | ADAMS DIVERSIFIED EQUITY FD | 0.2% | $1.5m | 77,652 | 2% | added | |
| 48 | BTC GRAYSCALE BITCOIN MINI TR ET | 0.2% | $1.4m | 39,593 | 0% | held | |
| 49 | ANGL VANECK ETF TRUST | 0.2% | $1.4m | 50,000 | 0% | held | |
| 50 | JNK SPDR SER TR | 0.2% | $1.4m | 15,096 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.