Global Endowment Management, LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Global Endowment Management, LP reported 126 stock positions worth $896.1 million. Its top holding was Vanguard Tot World STK ETF (VT) at 15.7% of the portfolio, followed by Vanguard Total Intl Stock (VXUS, 12.4%) and Vanguard Total Bond Market (BND, 12.3%). Compared with Q4 2025, it opened 7 new positions, sold out of 19, added to 45 and reduced 26. The biggest buy was Vanguard Tot World STK ETF (VT, shares +209%) and the biggest sale Vanguard Total Bond Market (BND, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- CHARLOTTE, NC
- CIK
- 0001512237
- Portfolio Value
- $896.1M (Q1 2026)
- SEC Filing
- 0001512237-26-000003 ↗ filed May 14, 2026
Holdings Value
Holdings 126 stocks · $896.1M
| VT Vanguard Tot World STK ETF | 15.72% | 1,018,695 | $140.9M | Add +209.5% |
| VXUS Vanguard Total Intl Stock | 12.39% | 1,439,639 | $111.0M | Add +20.8% |
| BND Vanguard Total Bond Market | 12.26% | 1,491,319 | $109.8M | Reduce -20.6% |
| VTI VG Morningstar TS MKT ETF-US | 11.97% | 334,452 | $107.3M | Add +18.8% |
| BBRE JPM Betabldrs MSCI US REIT filed as J P MORGAN EXCHANGE TRADED F | 4.66% | 436,557 | $41.8M | Reduce -13.1% |
| AGG iShares Core U.S. Aggregate | 3.71% | 334,661 | $33.2M | Add +137.0% |
| GOOGL Alphabet Inc. Class A | 3.21% | 100,042 | $28.8M | No change |
| NVDA Nvidia Corp. | 2.42% | 124,579 | $21.7M | No change |
| AAPL Apple Inc. | 2.24% | 79,258 | $20.1M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.17% | 29,841 | $19.4M | Add +3.4% |
| IYR iShares US Real Estate ETF | 2.15% | 204,000 | $19.3M | Add +28.4% |
| MSFT Microsoft Corp. | 2.07% | 50,073 | $18.5M | Reduce -1.2% |
| VWO Vanguard Ftse Emerging Marke | 1.80% | 298,000 | $16.1M | No change |
| AAXJ iShares MSCI All Country Asi | 1.70% | 157,970 | $15.2M | Reduce -4.5% |
| VOO Vanguard S&P 500 ETF | 1.69% | 25,270 | $15.1M | Add +3.3% |
| PHYS Sprott Physical Gold Trust | 1.57% | 396,000 | $14.0M | No change |
| TIP iShares Tips Bond ETF | 1.24% | 100,485 | $11.1M | Add +35.1% |
| EWJ iShares MSCI Japan ETF | 1.16% | 123,377 | $10.4M | Add +9.6% |
| SCHX Schwab US Large-Cap ETF | 1.11% | 387,945 | $9.9M | Add +6.6% |
| DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC | 1.07% | 198,685 | $9.6M | Add +31.4% |
| XLV SS Health Care Select Sector | 1.01% | 61,592 | $9.0M | No change |
| CVLC Calvert US L-C CR Resp Index | 0.55% | 61,692 | $4.9M | Add +46.5% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.54% | 105,046 | $4.8M | Add +17.1% |
| GDX Vaneck Gold Miners ETF | 0.51% | 50,000 | $4.6M | No change |
| SPAB SS SPDR P Agg Bond ETF | 0.49% | 170,255 | $4.4M | Add +14.6% |
| TXO Txo Partners LP | 0.47% | 333,822 | $4.2M | Reduce -82.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.42% | 7,925 | $3.8M | No change |
| JNK SS SPDR BB High Yield Bond | 0.38% | 35,550 | $3.4M | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.37% | 40,000 | $3.3M | No change |
| EAGG iShares ESG Aware US Aggrega | 0.36% | 68,254 | $3.2M | Add +37.4% |
| VEA Vanguard Ftse Developed ETF | 0.34% | 48,000 | $3.1M | No change |
| BNDX Vanguard Total Intl Bond ETF | 0.32% | 60,287 | $2.9M | Add +6.2% |
| VNQ Vanguard Real Estate ETF | 0.32% | 31,900 | $2.8M | Reduce -16.1% |
| DBC Invesco DB Commodity Index T | 0.30% | 92,547 | $2.7M | Add +5.3% |
| AMZN Amazon.com Inc. | 0.29% | 12,650 | $2.6M | Add +1.4% |
| IEI iShares 3-7 Year Treasury Bo | 0.26% | 20,000 | $2.4M | No change |
| EWU iShares MSCI United Kingdom | 0.25% | 50,000 | $2.3M | No change |
| KWEB Kranesh Csi China Internet | 0.24% | 77,000 | $2.2M | No change |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.24% | 26,715 | $2.1M | No change |
| SPEM State Street SP PTF Em ETF | 0.23% | 44,805 | $2.1M | Add +8.7% |
| VGK Vanguard Ftse Europe ETF | 0.23% | 25,000 | $2.1M | Add +400.0% |
| META Meta Platforms Inc. Class A | 0.21% | 3,327 | $1.9M | Add +4.7% |
| EWP iShares MSCI Spain ETF | 0.18% | 30,000 | $1.6M | No change |
| DXJ Wisdomtree Japan Hedged Eq | 0.18% | 10,000 | $1.6M | New |
| ANGL Vaneck Fallen Angel High YLD | 0.16% | 50,000 | $1.4M | No change |
| FLKR Franklin Ftse South Korea | 0.15% | 33,895 | $1.4M | Add +16.9% |
| EWG iShares MSCI Germany ETF | 0.15% | 33,500 | $1.3M | No change |
| SPIB SS SPDR P Int C Corp. ETF | 0.14% | 37,054 | $1.2M | Add +83.2% |
| EWA iShares MSCI Australia ETF | 0.12% | 40,000 | $1.1M | No change |
| FEZ State Street SPDR Euro Stoxx | 0.12% | 17,160 | $1.1M | No change |
| XLI SS Industrial Select Sector | 0.12% | 6,500 | $1.1M | No change |
| EIRL iShares MSCI Ireland ETF | 0.12% | 15,000 | $1.0M | No change |
| LTPZ PIMCO 15+ YR US Tips Indx | 0.11% | 20,000 | $1.0M | Reduce -33.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.11% | 12,914 | $988K | Add +10.1% |
| RSP Invesco S&P 500 Equal Weight | 0.11% | 5,000 | $960K | No change |
| SYRE Spyre Therapeutics Inc. | 0.10% | 18,184 | $917K | No change |
| CROX Crocs Inc. | 0.10% | 10,915 | $906K | No change |
| XLC SS Comm Select Sector SPDR | 0.10% | 8,000 | $887K | No change |
| GBDC Golub Capital BDC Inc. | 0.10% | 70,000 | $886K | No change |
| EWS iShares MSCI Singapore ETF | 0.09% | 30,000 | $847K | Reduce -25.0% |
| AVGO Broadcom Inc. | 0.09% | 2,722 | $842K | Reduce -25.3% |
| INDA iShares MSCI India ETF | 0.08% | 15,500 | $726K | No change |
| APGE Apogee Therapeutics Inc. | 0.07% | 7,797 | $656K | No change |
| ASHR Xtrackers Harvest Csi 300 CH | 0.07% | 20,000 | $653K | Add +100.0% |
| ARGT Global X MSCI Argentina ETF | 0.07% | 7,000 | $653K | Reduce -30.0% |
| PDD PDD Holdings Inc. | 0.07% | 6,358 | $650K | No change |
| GVI iShares Intermediate Governm | 0.07% | 5,769 | $615K | Reduce -1.7% |
| AGI Alamos Gold Inc. Class A | 0.07% | 13,738 | $610K | New |
| IGV iShares Expanded Tech-Softwa | 0.07% | 7,500 | $600K | New |
| QLTY GMO U.S. Quality ETF | 0.06% | 16,000 | $579K | No change |
| DAR Darling Ingredients Inc. | 0.06% | 9,344 | $578K | Add +1.3% |
| ECH iShares MSCI Chile ETF | 0.06% | 14,000 | $557K | No change |
| SCHG Schwab US Large-Cap Growth | 0.06% | 18,368 | $535K | Reduce -29.6% |
| EWI iShares MSCI Italy ETF | 0.06% | 10,000 | $534K | No change |
| XLK SS Technology Select Sector | 0.06% | 4,000 | $532K | Reduce -33.3% |
| CACC Credit Acceptance Corp. | 0.06% | 1,249 | $529K | Reduce -4.8% |
| CPNG Coupang Inc. | 0.06% | 27,185 | $513K | Add +90.9% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.06% | 6,915 | $512K | Add +13.5% |
| SHOC Shoc US Semicon Equity ETF | 0.06% | 7,000 | $504K | No change |
| FXI iShares China Large-Cap ETF | 0.06% | 14,000 | $503K | No change |
| CIBR First Trust Nasdaq Cybersecu | 0.06% | 8,000 | $501K | Add +100.0% |
| EWY iShares MSCI South Korea ETF | 0.05% | 4,000 | $492K | Reduce -55.6% |
| PML PIMCO Municipal Income FD II | 0.05% | 64,352 | $487K | No change |
| VEEV Veeva Systems Inc. Class A | 0.05% | 2,757 | $484K | Add +98.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.05% | 1,429 | $483K | No change |
| CVNA Carvana Co. | 0.05% | 1,509 | $474K | Reduce -18.3% |
| EWL iShares MSCI Switzerland ETF | 0.05% | 8,000 | $470K | No change |
| CQQQ Invesco China Technology ETF | 0.05% | 10,000 | $460K | No change |
| ENSG The Ensign Group Inc. | 0.05% | 2,258 | $455K | No change |
| CRH CRH PLC | 0.05% | 4,311 | $453K | Add +12.1% |
| APPF Appfolio Inc. Class A | 0.05% | 2,859 | $451K | Add +78.3% |
| MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI | 0.05% | 30,000 | $446K | No change |
| IBIT iShares Bitcoin Trust ETF | 0.05% | 11,541 | $443K | No change |
| MELI MercadoLibre Inc. | 0.05% | 250 | $432K | Add +30.2% |
| KRE SS SPDR S&P Regional Bank | 0.04% | 6,000 | $391K | Reduce -25.0% |
| URA Global X Uranium ETF | 0.04% | 8,000 | $387K | No change |
| GE General Electric filed as GE AEROSPACE | 0.04% | 1,349 | $383K | Reduce -37.0% |
| ENVA Enova International Inc. | 0.04% | 2,811 | $382K | Add +16.5% |
| LPX Louisiana-Pacific Corp. | 0.04% | 5,201 | $378K | No change |
| V Visa Inc. Class A | 0.04% | 1,228 | $371K | Reduce -37.0% |
Portfolio Sells Q4 2025 → Q1 2026
| BND Vanguard Total Bond Market | Reduce -20.6% | 12.26% | −5.12 |
| TXO Txo Partners LP | Reduce -82.1% | 0.47% | −2.02 |
| BBRE JPM Betabldrs MSCI US REIT | Reduce -13.1% | 4.66% | −1.15 |
| MSFT Microsoft Corp. | Reduce -1.2% | 2.07% | −0.99 |
| VGIT Vanguard Intermediate-Term T | Sold out | 0.00% | −0.33 |
| VGLT Vanguard Long-Term Treasury | Sold out | 0.00% | −0.33 |
| AAXJ iShares MSCI All Country Asi | Reduce -4.5% | 1.70% | −0.23 |
| VNQ Vanguard Real Estate ETF | Reduce -16.1% | 0.32% | −0.10 |
| LTPZ PIMCO 15+ YR US Tips Indx | Reduce -33.3% | 0.11% | −0.08 |
| RGLD Royal Gold Inc. | Sold out | 0.00% | −0.07 |
| AVGO Broadcom Inc. | Reduce -25.3% | 0.09% | −0.06 |
| EWT iShares MSCI Taiwan ETF | Sold out | 0.00% | −0.06 |
| XSW SS SPDR S&P Soft & Serv ETF | Sold out | 0.00% | −0.06 |
| EWY iShares MSCI South Korea ETF | Reduce -55.6% | 0.05% | −0.05 |
| XLK SS Technology Select Sector | Reduce -33.3% | 0.06% | −0.05 |
| PFIX Simplify Interest Rate Hedge | Sold out | 0.00% | −0.05 |
| SCHG Schwab US Large-Cap Growth | Reduce -29.6% | 0.06% | −0.05 |
| CVNA Carvana Co. | Reduce -18.3% | 0.05% | −0.04 |
| PPLI People Inc. | Sold out | 0.00% | −0.04 |
| V Visa Inc. Class A | Reduce -37.0% | 0.04% | −0.04 |
| USO United States Oil Fund LP | Sold out | 0.00% | −0.04 |
| EWS iShares MSCI Singapore ETF | Reduce -25.0% | 0.09% | −0.04 |
| XOP SS SPDR S&P Og Exp & Prod | Sold out | 0.00% | −0.04 |
| ARGT Global X MSCI Argentina ETF | Reduce -30.0% | 0.07% | −0.04 |
| GE General Electric | Reduce -37.0% | 0.04% | −0.04 |
| NWSA News Corp. Class A | Sold out | 0.00% | −0.04 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.03 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.03 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.03 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.03 |
| WAT Waters Corp. | Sold out | 0.00% | −0.03 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.03 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −0.03 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -35.2% | 0.04% | −0.03 |
| KCCA Kraneshares California Carbo | Sold out | 0.00% | −0.03 |
| HTGC Hercules Capital Inc. | Reduce -40.0% | 0.02% | −0.03 |
| SPLB SS SPDR P Long Term C ETF | Reduce -42.3% | 0.03% | −0.03 |
| ALIT Alight Inc. Class A | Sold out | 0.00% | −0.02 |
| KRE SS SPDR S&P Regional Bank | Reduce -25.0% | 0.04% | −0.02 |
| SHC Sotera Health Co. | Reduce -17.7% | 0.03% | −0.02 |
| WBD Warner Bros Discovery Inc. | Reduce -21.5% | 0.03% | −0.02 |
| CACC Credit Acceptance Corp. | Reduce -4.8% | 0.06% | −0.01 |
| ILMN Illumina Inc. | Reduce -14.8% | 0.03% | −0.01 |
| GVI iShares Intermediate Governm | Reduce -1.7% | 0.07% | −0.01 |
| APD Air Products & Chemicals Inc. | Reduce -11.6% | 0.03% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| VT Vanguard Tot World STK ETF | Add +209.5% | 15.72% | +9.93 |
| AGG iShares Core U.S. Aggregate | Add +137.0% | 3.71% | +1.95 |
| VXUS Vanguard Total Intl Stock | Add +20.8% | 12.39% | +1.16 |
| DJP Ipath Bloomberg Commodity Inc. | Add +31.4% | 1.07% | +0.36 |
| IYR iShares US Real Estate ETF | Add +28.4% | 2.15% | +0.29 |
| TIP iShares Tips Bond ETF | Add +35.1% | 1.24% | +0.22 |
| VTI VG Morningstar TS MKT ETF-US | Add +18.8% | 11.97% | +0.19 |
| VGK Vanguard Ftse Europe ETF | Add +400.0% | 0.23% | +0.18 |
| DXJ Wisdomtree Japan Hedged Eq | New | 0.18% | +0.18 |
| CVLC Calvert US L-C CR Resp Index | Add +46.5% | 0.55% | +0.11 |
| AGI Alamos Gold Inc. Class A | New | 0.07% | +0.07 |
| IGV iShares Expanded Tech-Softwa | New | 0.07% | +0.07 |
| EAGG iShares ESG Aware US Aggrega | Add +37.4% | 0.36% | +0.07 |
| DBC Invesco DB Commodity Index T | Add +5.3% | 0.30% | +0.05 |
| SPIB SS SPDR P Int C Corp. ETF | Add +83.2% | 0.14% | +0.05 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +17.1% | 0.54% | +0.04 |
| SOLS Solstice Adv Materials Inc. | New | 0.04% | +0.04 |
| FLKR Franklin Ftse South Korea | Add +16.9% | 0.15% | +0.03 |
| STIP iShares 0-5 Year Tips Bond E | New | 0.03% | +0.03 |
| ASHR Xtrackers Harvest Csi 300 CH | Add +100.0% | 0.07% | +0.03 |
| CWAN Clearwater Analytics HDS-A | New | 0.03% | +0.03 |
| FWONK Liberty Media Corp. Class C | New | 0.03% | +0.03 |
| EWJ iShares MSCI Japan ETF | Add +9.6% | 1.16% | +0.03 |
| DAR Darling Ingredients Inc. | Add +1.3% | 0.06% | +0.02 |
| CIBR First Trust Nasdaq Cybersecu | Add +100.0% | 0.06% | +0.02 |
| CPNG Coupang Inc. | Add +90.9% | 0.06% | +0.02 |
| VEEV Veeva Systems Inc. Class A | Add +98.5% | 0.05% | +0.02 |
| SPAB SS SPDR P Agg Bond ETF | Add +14.6% | 0.49% | +0.01 |
| CCOI Cogent Communications Holdin | Add +50.0% | 0.04% | +0.01 |
| HR Healthcare Realty Trust Inc. | Add +34.5% | 0.03% | +0.01 |
| MTCH Match Group Inc. | Add +39.7% | 0.03% | +0.00 |
| APPF Appfolio Inc. Class A | Add +78.3% | 0.05% | +0.00 |
| ADSK Autodesk Inc. | Add +50.2% | 0.03% | +0.00 |
| QRVO Qorvo Inc. | Add +32.4% | 0.03% | +0.00 |
| KVUE Kenvue Inc. | Add +16.8% | 0.03% | +0.00 |
| MELI MercadoLibre Inc. | Add +30.2% | 0.05% | −0.00 |
| PCG P G & E Corp. | Add +1.4% | 0.04% | −0.00 |
| BILL Bill Holdings Inc. | Add +50.4% | 0.03% | −0.00 |
| CRM Salesforce Inc. | Add +48.9% | 0.03% | −0.00 |
| KSPI JSC Kaspi.kz ADR | Add +13.5% | 0.06% | −0.00 |
| GEN Gen Digital Inc. | Add +39.1% | 0.02% | −0.00 |
| ENVA Enova International Inc. | Add +16.5% | 0.04% | −0.00 |
| SPEM State Street SP PTF Em ETF | Add +8.7% | 0.23% | −0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +10.1% | 0.11% | −0.01 |
| CRH CRH PLC | Add +12.1% | 0.05% | −0.01 |
| HUM Humana Inc. | Add +23.1% | 0.03% | −0.01 |
| BNDX Vanguard Total Intl Bond ETF | Add +6.2% | 0.32% | −0.02 |
| META Meta Platforms Inc. Class A | Add +4.7% | 0.21% | −0.05 |
| AMZN Amazon.com Inc. | Add +1.4% | 0.29% | −0.07 |
| SCHX Schwab US Large-Cap ETF | Add +6.6% | 1.11% | −0.11 |
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 |