Global Endowment Management, LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Global Endowment Management, LP reported 131 stock positions worth $990.2 million. Its top holding was Vanguard Total Bond Market (BND) at 23.7% of the portfolio, followed by Vanguard Total Intl Stock (VXUS, 10.2%) and VG Morningstar TS MKT ETF-US (VTI, 9.7%). Compared with Q2 2024, it opened 18 new positions, sold out of 9, added to 36 and reduced 43. The biggest buy was Carvana (CVNA, shares +1122%) and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTE, NC
- CIK
- 0001512237
- Portfolio Value
- $990.2M (Q3 2024)
- SEC Filing
- 0001085146-24-005647 ↗ filed Nov 13, 2024
Holdings Value
Holdings 131 stocks · $990.2M
| BND Vanguard Total Bond Market | 23.68% | 3,121,411 | $234.4M | Reduce -0.2% |
| VXUS Vanguard Total Intl Stock | 10.15% | 1,552,826 | $100.5M | Reduce -18.1% |
| VTI VG Morningstar TS MKT ETF-US | 9.71% | 339,574 | $96.2M | No change |
| BBRE JPM Betabldrs MSCI US REIT filed as J P MORGAN EXCHANGE TRADED F | 5.57% | 546,508 | $55.1M | Reduce -18.1% |
| TXO Txo Partners LP | 3.97% | 1,985,130 | $39.3M | No change |
| CVNA Carvana Co. | 3.17% | 180,021 | $31.3M | Add +1121.8% |
| VT Vanguard Tot World STK ETF | 3.08% | 255,145 | $30.5M | Add +13.4% |
| META Meta Platforms Inc. Class A | 2.66% | 46,036 | $26.4M | Add +174.5% |
| AAPL Apple Inc. | 2.14% | 91,074 | $21.2M | Reduce -2.7% |
| NVDA Nvidia Corp. | 1.75% | 142,520 | $17.3M | Add +8.2% |
| VNQ Vanguard Real Estate ETF | 1.58% | 160,093 | $15.6M | Reduce -2.6% |
| VWO Vanguard Ftse Emerging Marke | 1.44% | 298,000 | $14.3M | Reduce -9.2% |
| CACC Credit Acceptance Corp. | 1.44% | 32,102 | $14.2M | Add +825.1% |
| WIX Wix.com Ltd. | 1.42% | 84,195 | $14.1M | Add +1361.0% |
| VOO Vanguard S&P 500 ETF | 1.29% | 24,199 | $12.8M | Add +1.4% |
| AAXJ iShares MSCI All Country Asi | 1.28% | 161,522 | $12.7M | Reduce -2.9% |
| XLV SS Health Care Select Sector | 1.20% | 77,171 | $11.9M | No change |
| EWJ iShares MSCI Japan ETF | 1.19% | 164,500 | $11.8M | Add +7.2% |
| XLP SS Consumer Staples Sel Sect | 1.05% | 125,035 | $10.4M | No change |
| IBKR Interactive Brokers Gro Class A | 0.98% | 69,876 | $9.7M | Add +1030.7% |
| PDD PDD Holdings Inc. | 0.98% | 71,700 | $9.7M | New |
| SHY iShares 1-3 Year Treasury Bo | 0.93% | 111,250 | $9.3M | No change |
| TIP iShares Tips Bond ETF | 0.88% | 78,880 | $8.7M | Add +1.5% |
| KRBN KS Global Carbon Stratgy ETF | 0.83% | 258,300 | $8.2M | No change |
| PHYS Sprott Physical Gold Trust | 0.82% | 396,000 | $8.1M | Reduce -16.8% |
| IEI iShares 3-7 Year Treasury Bo | 0.75% | 62,000 | $7.4M | Add +5.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.71% | 15,357 | $7.1M | Reduce -37.5% |
| AMZN Amazon.com Inc. | 0.70% | 37,437 | $7.0M | Reduce -7.4% |
| MSFT Microsoft Corp. | 0.66% | 15,138 | $6.5M | Add +6.5% |
| DBC Invesco DB Commodity Index T | 0.63% | 281,024 | $6.3M | Add +11.1% |
| YUMC Yum China Holdings Inc. | 0.56% | 122,502 | $5.5M | New |
| HTHT H World Group Ltd.-ADR | 0.51% | 136,860 | $5.1M | New |
| IYR iShares US Real Estate ETF | 0.43% | 41,880 | $4.3M | Reduce -31.2% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.42% | 63,350 | $4.2M | No change |
| EWU iShares MSCI United Kingdom | 0.38% | 100,000 | $3.7M | No change |
| JNK SS SPDR BB High Yield Bond | 0.36% | 36,570 | $3.6M | New |
| MLPX Global X MLP & Energy Infras | 0.33% | 59,619 | $3.2M | Reduce -45.8% |
| GLD SPDR Gold Shares | 0.32% | 13,182 | $3.2M | Reduce -25.1% |
| GOOGL Alphabet Inc. Class A | 0.30% | 18,048 | $3.0M | Reduce -19.9% |
| TLT iShares 20+ Year Treasury BD | 0.28% | 28,000 | $2.7M | Add +7.7% |
| EIRL iShares MSCI Ireland ETF | 0.28% | 40,000 | $2.7M | Reduce -26.5% |
| VEA Vanguard Ftse Developed ETF | 0.27% | 50,000 | $2.6M | No change |
| IEF iShares 7-10 Year Treasury B | 0.23% | 23,000 | $2.3M | New |
| TLH iShares 10-20 Year Treasury | 0.22% | 20,210 | $2.2M | No change |
| GDX Vaneck Gold Miners ETF | 0.22% | 55,000 | $2.2M | No change |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.21% | 25,812 | $2.1M | Reduce -15.6% |
| EWQ iShares MSCI France ETF | 0.21% | 50,870 | $2.1M | New |
| WGO Winnebago Industries | 0.21% | 35,309 | $2.1M | New |
| MELI MercadoLibre Inc. | 0.21% | 990 | $2.0M | No change |
| XOP SS SPDR S&P Og Exp & Prod | 0.20% | 15,000 | $2.0M | No change |
| EWA iShares MSCI Australia ETF | 0.19% | 69,997 | $1.9M | No change |
| USO United States Oil Fund LP | 0.19% | 26,500 | $1.9M | Add +65.6% |
| APPF Appfolio Inc. Class A | 0.18% | 7,683 | $1.8M | No change |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.18% | 17,014 | $1.8M | Add +5.0% |
| CPNG Coupang Inc. | 0.18% | 73,408 | $1.8M | Add +26.7% |
| EWS iShares MSCI Singapore ETF | 0.18% | 80,000 | $1.8M | No change |
| INDA iShares MSCI India ETF | 0.18% | 30,000 | $1.8M | Reduce -25.0% |
| GE General Electric filed as GE AEROSPACE | 0.17% | 8,849 | $1.7M | Add +2.9% |
| WDAY Workday Inc. Class A | 0.15% | 6,268 | $1.5M | Add +10.6% |
| GBDC Golub Capital BDC Inc. | 0.15% | 100,000 | $1.5M | Add +100.0% |
| ADX Adams Diversified Equity | 0.15% | 69,383 | $1.5M | Add +2.1% |
| MCO Moody's Corp. | 0.15% | 3,148 | $1.5M | Reduce -15.5% |
| ANGL Vaneck Fallen Angel High YLD | 0.15% | 50,000 | $1.5M | No change |
| EWP iShares MSCI Spain ETF | 0.14% | 40,000 | $1.4M | No change |
| VTIP Vanguard Short-Term Tips | 0.14% | 28,200 | $1.4M | No change |
| XNIEX Virtus Equity & Convertible | 0.14% | 60,000 | $1.4M | No change |
| SJNK SS SPDR BB St Hi Yield ETF | 0.13% | 50,000 | $1.3M | No change |
| PPLI People Inc. filed as IAC INC | 0.13% | 23,229 | $1.3M | Add +6.7% |
| CCOI Cogent Communications Holdin | 0.13% | 16,397 | $1.2M | Add +7.8% |
| ARGT Global X MSCI Argentina ETF | 0.12% | 18,660 | $1.2M | No change |
| BN Brookfield Corp. | 0.12% | 21,845 | $1.2M | New |
| ALLY Ally Financial Inc. | 0.12% | 32,252 | $1.1M | Reduce -67.1% |
| KCCA Kraneshares California Carbo | 0.11% | 51,230 | $1.1M | Add +24.9% |
| ESGR Enstar Group Ltd. | 0.11% | 3,409 | $1.1M | Reduce -17.9% |
| VAW Vanguard Materials ETF | 0.11% | 4,920 | $1.0M | Reduce -28.7% |
| FTRE Fortrea Holdings Inc. | 0.10% | 51,998 | $1.0M | Add +32.2% |
| EWZ iShares MSCI Brazil ETF | 0.10% | 35,000 | $1.0M | Reduce -30.0% |
| KWEB Kranesh Csi China Internet | 0.10% | 28,600 | $973K | Reduce -58.7% |
| EWY iShares MSCI South Korea ETF | 0.10% | 15,000 | $959K | No change |
| CRH CRH PLC | 0.10% | 10,208 | $947K | Add +6.5% |
| K Kellanova | 0.10% | 11,724 | $946K | Reduce -4.6% |
| ULCC Frontier Group Holdings Inc. | 0.09% | 173,208 | $927K | Add +34.4% |
| XLC SS Comm Select Sector SPDR | 0.09% | 10,000 | $904K | No change |
| XLK SS Technology Select Sector | 0.09% | 4,000 | $903K | Add +300.0% |
| XP XP Inc. Class A | 0.09% | 49,154 | $882K | New |
| XLF SS Financial Select Sector | 0.09% | 19,030 | $862K | No change |
| EWL iShares MSCI Switzerland ETF | 0.08% | 16,000 | $834K | No change |
| CCK Crown Holdings Inc. | 0.08% | 8,602 | $825K | New |
| RGLD Royal Gold Inc. | 0.08% | 5,842 | $820K | Reduce -8.0% |
| FXI iShares China Large-Cap ETF | 0.08% | 25,750 | $818K | Reduce -30.1% |
| DFS Discover Financial Services | 0.08% | 5,731 | $804K | Reduce -2.6% |
| BABA Alibaba Group Holding-SP ADR | 0.08% | 7,464 | $792K | Reduce -13.7% |
| EQH Equitable Holdings Inc. | 0.08% | 18,764 | $789K | Reduce -0.4% |
| ASHR Xtrackers Harvest Csi 300 CH | 0.08% | 27,400 | $783K | Reduce -24.9% |
| GTX Garrett Motion Inc. | 0.07% | 89,607 | $733K | Add +13.6% |
| OSCR Oscar Health Inc. Class A | 0.07% | 34,401 | $730K | Add +1.1% |
| ADSK Autodesk Inc. | 0.07% | 2,610 | $719K | New |
| CRM Salesforce Inc. | 0.07% | 2,518 | $689K | Add +0.4% |
| GEN Gen Digital Inc. | 0.07% | 24,483 | $672K | Reduce -30.3% |
| UPWK Upwork Inc. | 0.07% | 63,677 | $665K | Reduce -0.8% |
Portfolio Sells Q2 2024 → Q3 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −5.98 |
| VXUS Vanguard Total Intl Stock | Reduce -18.1% | 10.15% | −1.94 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −1.06 |
| BBRE JPM Betabldrs MSCI US REIT | Reduce -18.1% | 5.57% | −0.63 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -37.5% | 0.71% | −0.34 |
| ALLY Ally Financial Inc. | Reduce -67.1% | 0.12% | −0.30 |
| MLPX Global X MLP & Energy Infras | Reduce -45.8% | 0.33% | −0.27 |
| BKLN Invesco Senior Loan ETF | Sold out | 0.00% | −0.19 |
| BND Vanguard Total Bond Market | Reduce -0.2% | 23.68% | −0.17 |
| FCNCA First Citizens Bcshs Class A | Sold out | 0.00% | −0.15 |
| EWC iShares MSCI Canada ETF | Reduce -87.5% | 0.02% | −0.14 |
| IYR iShares US Real Estate ETF | Reduce -31.2% | 0.43% | −0.13 |
| GOOGL Alphabet Inc. Class A | Reduce -19.9% | 0.30% | −0.13 |
| SEMR Semrush Holdings Inc. Class A | Sold out | 0.00% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -7.4% | 0.70% | −0.12 |
| EWW iShares MSCI Mexico ETF | Sold out | 0.00% | −0.12 |
| KWEB Kranesh Csi China Internet | Reduce -58.7% | 0.10% | −0.10 |
| V Visa Inc. Class A | Reduce -67.3% | 0.05% | −0.10 |
| PHYS Sprott Physical Gold Trust | Reduce -16.8% | 0.82% | −0.09 |
| EIRL iShares MSCI Ireland ETF | Reduce -26.5% | 0.28% | −0.09 |
| VWO Vanguard Ftse Emerging Marke | Reduce -9.2% | 1.44% | −0.08 |
| NEW AMERICA HIGH INCOME FUND | Sold out | 0.00% | −0.08 |
| GLD SPDR Gold Shares | Reduce -25.1% | 0.32% | −0.08 |
| INDA iShares MSCI India ETF | Reduce -25.0% | 0.18% | −0.06 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.05 |
| RSPG Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.04 |
| EWZ iShares MSCI Brazil ETF | Reduce -30.0% | 0.10% | −0.04 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -15.6% | 0.21% | −0.04 |
| VAW Vanguard Materials ETF | Reduce -28.7% | 0.11% | −0.04 |
| HUM Humana Inc. | Reduce -21.7% | 0.05% | −0.03 |
| GEN Gen Digital Inc. | Reduce -30.3% | 0.07% | −0.03 |
| ESGR Enstar Group Ltd. | Reduce -17.9% | 0.11% | −0.02 |
| FXI iShares China Large-Cap ETF | Reduce -30.1% | 0.08% | −0.02 |
| INTU Intuit Inc. | Reduce -16.4% | 0.05% | −0.02 |
| MCO Moody's Corp. | Reduce -15.5% | 0.15% | −0.02 |
| GDDY GoDaddy Inc. Class A | Reduce -23.6% | 0.07% | −0.01 |
| FICO Fair Isaac Corp. | Reduce -34.8% | 0.06% | −0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -29.0% | 0.05% | −0.01 |
| ZTS Zoetis Inc. | Reduce -25.0% | 0.05% | −0.01 |
| ASHR Xtrackers Harvest Csi 300 CH | Reduce -24.9% | 0.08% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -23.9% | 0.05% | −0.01 |
| DESP Despegar.com Corp. | Reduce -3.4% | 0.06% | −0.01 |
| UPWK Upwork Inc. | Reduce -0.8% | 0.07% | −0.01 |
| WAT Waters Corp. | Reduce -22.1% | 0.05% | −0.00 |
| EQH Equitable Holdings Inc. | Reduce -0.4% | 0.08% | −0.00 |
| RGLD Royal Gold Inc. | Reduce -8.0% | 0.08% | −0.00 |
| DFS Discover Financial Services | Reduce -2.6% | 0.08% | −0.00 |
| AAXJ iShares MSCI All Country Asi | Reduce -2.9% | 1.28% | +0.01 |
| BABA Alibaba Group Holding-SP ADR | Reduce -13.7% | 0.08% | +0.01 |
| K Kellanova | Reduce -4.6% | 0.10% | +0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| CVNA Carvana Co. | Add +1121.8% | 3.17% | +2.96 |
| META Meta Platforms Inc. Class A | Add +174.5% | 2.66% | +1.77 |
| WIX Wix.com Ltd. | Add +1361.0% | 1.42% | +1.32 |
| CACC Credit Acceptance Corp. | Add +825.1% | 1.44% | +1.25 |
| PDD PDD Holdings Inc. | New | 0.98% | +0.98 |
| IBKR Interactive Brokers Gro Class A | Add +1030.7% | 0.98% | +0.90 |
| YUMC Yum China Holdings Inc. | New | 0.56% | +0.56 |
| HTHT H World Group Ltd.-ADR | New | 0.51% | +0.51 |
| VT Vanguard Tot World STK ETF | Add +13.4% | 3.08% | +0.40 |
| JNK SS SPDR BB High Yield Bond | New | 0.36% | +0.36 |
| IEF iShares 7-10 Year Treasury B | New | 0.23% | +0.23 |
| EWQ iShares MSCI France ETF | New | 0.21% | +0.21 |
| WGO Winnebago Industries | New | 0.21% | +0.21 |
| BN Brookfield Corp. | New | 0.12% | +0.12 |
| XP XP Inc. Class A | New | 0.09% | +0.09 |
| CCK Crown Holdings Inc. | New | 0.08% | +0.08 |
| EWJ iShares MSCI Japan ETF | Add +7.2% | 1.19% | +0.08 |
| ADSK Autodesk Inc. | New | 0.07% | +0.07 |
| GBDC Golub Capital BDC Inc. | Add +100.0% | 0.15% | +0.07 |
| XLK SS Technology Select Sector | Add +300.0% | 0.09% | +0.07 |
| CPNG Coupang Inc. | Add +26.7% | 0.18% | +0.05 |
| QLTY GMO U.S. Quality ETF | New | 0.05% | +0.05 |
| USO United States Oil Fund LP | Add +65.6% | 0.19% | +0.05 |
| MRSH Marsh & McLennan Cos | New | 0.05% | +0.05 |
| VTLE Vital Energy Inc. | New | 0.04% | +0.04 |
| HTGC Hercules Capital Inc. | New | 0.04% | +0.04 |
| CCOI Cogent Communications Holdin | Add +7.8% | 0.13% | +0.03 |
| IEI iShares 3-7 Year Treasury Bo | Add +5.1% | 0.75% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +1.4% | 1.29% | +0.03 |
| ULCC Frontier Group Holdings Inc. | Add +34.4% | 0.09% | +0.03 |
| NVDA Nvidia Corp. | Add +8.2% | 1.75% | +0.03 |
| TLT iShares 20+ Year Treasury BD | Add +7.7% | 0.28% | +0.02 |
| GE General Electric | Add +2.9% | 0.17% | +0.02 |
| BCSF Bain Capital Specialty Finan | New | 0.02% | +0.02 |
| WDAY Workday Inc. Class A | Add +10.6% | 0.15% | +0.02 |
| ETHA iShares Ethereum Trust ETF | New | 0.02% | +0.02 |
| FSK FS KKR Capital Corp. | New | 0.02% | +0.02 |
| CRH CRH PLC | Add +6.5% | 0.10% | +0.02 |
| PPLI People Inc. | Add +6.7% | 0.13% | +0.02 |
| OSCR Oscar Health Inc. Class A | Add +1.1% | 0.07% | +0.02 |
| KCCA Kraneshares California Carbo | Add +24.9% | 0.11% | +0.01 |
| DBC Invesco DB Commodity Index T | Add +11.1% | 0.63% | +0.01 |
| FTRE Fortrea Holdings Inc. | Add +32.2% | 0.10% | +0.01 |
| ALIT Alight Inc. Class A | Add +15.9% | 0.06% | +0.01 |
| GVI iShares Intermediate Governm | Add +7.4% | 0.05% | +0.00 |
| GTX Garrett Motion Inc. | Add +13.6% | 0.07% | +0.00 |
| TIP iShares Tips Bond ETF | Add +1.5% | 0.88% | +0.00 |
| CRM Salesforce Inc. | Add +0.4% | 0.07% | +0.00 |
| PFIX Simplify Interest Rate Hedge | Add +13.1% | 0.04% | −0.00 |
| ADX Adams Diversified Equity | Add +2.1% | 0.15% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 72 | $986.5M | VT, VTI, BND, VXUS, BBRE |
| Q1 2026 | 126 | $896.1M | VT, VXUS, BND, VTI, BBRE |
| Q4 2025 | 138 | $801.1M | BND, VTI, VXUS, BBRE, VT |
| Q3 2025 | 128 | $798.6M | BND, VTI, VXUS, VT, TXO |
| Q2 2025 | 128 | $751.2M | BND, VTI, VXUS, SPY, VT |
| Q1 2025 | 142 | $769.3M | BND, VTI, VXUS, BBRE, SPY |
| Q4 2024 | 140 | $781.8M | BND, VTI, VXUS, BBRE, TXO |
| Q3 2024 | 131 | $990.2M | BND, VXUS, VTI, BBRE, TXO |
| Q2 2024 | 122 | $944.9M | BND, VXUS, VTI, BBRE, SPY |
| Q1 2024 | 128 | $959.8M | BND, VXUS, VTI, BBRE, SPY |