Fund Holdings

Global Endowment Management, LP

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
ALPHABET INC(GOOG)12,446101,959+89,5132,193,35924,786,2333.10%+22,592,874
MICROSOFT CORP(MSFT)8,11548,638+40,5234,036,48225,192,0533.15%+21,155,571
SPROTT ASSET MANAGEMENT LP(PHYS)0396,000+396,000011,729,5201.47%+11,729,520
TXO PARTNERS LP1,733,7602,686,017+952,25726,075,75037,738,5394.73%+11,662,789
VANGUARD INTL EQUITY INDEX F302,086314,751+12,66538,824,09343,372,6885.43%+4,548,595
ISHARES TR93,880136,080+42,2008,897,00813,210,6461.65%+4,313,638
APPLE INC(AAPL)77,01277,012015,800,55219,609,5662.46%+3,809,014
MORGAN STANLEY ETF TRUST042,446+42,44603,475,0540.44%+3,475,054
NVIDIA CORPORATION(NVDA)120,938120,938019,106,99522,564,6122.83%+3,457,617
ISHARES TR047,994+47,99402,305,1520.29%+2,305,152
VANGUARD INTL EQUITY INDEX F298,000298,000014,739,08016,145,6402.02%+1,406,560
VANECK ETF TRUST55,00055,00002,863,3004,202,0000.53%+1,338,700
BARCLAYS BANK PLC(DJP)108,550139,332+30,7823,688,5294,937,9260.62%+1,249,397
VANGUARD INDEX FDS24,60524,684+7913,976,37815,115,9881.89%+1,139,610
ISHARES TR169,272165,578-3,69413,985,25315,104,0251.89%+1,118,772
ISHARES TR65,19774,381+9,1847,174,2788,272,6551.04%+1,098,377
SPDR INDEX SHS FDS017,160+17,16001,065,9790.13%+1,065,979
SPDR SERIES TRUST5,00015,000+10,000486,3501,469,8500.18%+983,500
INVESCO EXCHANGE TRADED FD T05,000+5,0000948,5000.12%+948,500
CROCS INC(CROX)09,436+9,4360788,3780.10%+788,378
SCHWAB STRATEGIC TR373,488375,122+1,6349,128,0479,880,7131.24%+752,666
ENSIGN GROUP INC(ENSG)04,341+4,3410749,9950.09%+749,995
ISHARES TR136,465140,915+4,45013,537,32814,126,7291.77%+589,401
SPDR GOLD TR(GLD)11,00011,00003,353,1303,910,1700.49%+557,040
INVESCO DB COMMDY INDX TRCK(DBC)103,088124,252+21,1642,248,3492,799,3980.35%+551,049
PIMCO MUN INCOME FD II064,352+64,3520509,0240.06%+509,024
HUMANA INC(HUM)01,922+1,9220500,0470.06%+500,047
DARLING INGREDIENTS INC(DAR)014,983+14,9830462,5250.06%+462,525
ILLUMINA INC(ILMN)04,866+4,8660462,1240.06%+462,124
AIR PRODS & CHEMS INC01,664+1,6640453,8060.06%+453,806
ISHARES INC85,80185,674-1276,432,5016,871,9120.86%+439,411
KRANESHARES TRUST50,00050,00001,716,5002,100,5000.26%+384,000
SALESFORCE INC(CRM)01,504+1,5040356,4480.04%+356,448
INVESCO EXCH TRADED FD TR II05,500+5,5000324,5550.04%+324,555
CREDIT ACCEP CORP MICH(CACC)1,1791,921+742600,618896,9730.11%+296,355
VANGUARD STAR FDS1,252,4301,181,872-70,55886,530,38986,820,31710.87%+289,928
AMAZON COM INC(AMZN)21,16522,362+1,1974,643,3894,910,0250.61%+266,636
FLUTTER ENTMT PLC(FLUT)01,043+1,0430264,9220.03%+264,922
SPDR INDEX SHS FDS83,91285,266+1,3543,397,5973,648,5320.46%+250,935
J P MORGAN EXCHANGE TRADED F389,210378,027-11,18335,850,13336,094,0184.52%+243,885
VANGUARD CHARLOTTE FDS52,33156,568+4,2372,590,9082,797,8530.35%+206,945
ISHARES INC03,000+3,0000204,6300.03%+204,630
SPDR INDEX SHS FDS41,62742,104+4771,779,1381,970,8880.25%+191,750
ROYAL GOLD INC(RGLD)2,2442,915+671399,073584,6910.07%+185,618
CRH PLC4,0944,657+563375,829558,3740.07%+182,545
BERKSHIRE HATHAWAY INC DEL8,2018,279+783,983,8004,162,1840.52%+178,384
SPDR SERIES TRUST113,772119,444+5,6722,912,5633,087,6270.39%+175,064
SIMPLIFY EXCHANGE TRADED FUN4,0008,000+4,000211,360385,3600.05%+174,000
VEEVA SYS INC(VEEV)2,1012,607+506605,046776,6510.10%+171,605
ISHARES TR24,84026,715+1,8752,003,3462,168,9910.27%+165,645
ISHARES INC30,00030,00001,320,9001,485,0000.19%+164,100
NEWS CORP NEW(NWS)11,16716,126+4,959331,883495,2290.06%+163,346
COUPANG INC(CPNG)21,60025,168+3,568647,136810,4100.10%+163,274
VANGUARD TAX-MANAGED FDS48,00048,00002,736,4802,876,1600.36%+139,680
WARNER BROS DISCOVERY INC(WBD)51,56137,228-14,333590,889727,0630.09%+136,174
COGENT COMMUNICATIONS HLDGS5,52310,465+4,942266,264401,3330.05%+135,069
FAIR ISAAC CORP(FICO)119232+113217,527347,1950.04%+129,668
APPFOLIO INC(APPF)2,1942,277+83505,234627,6780.08%+122,444
PG&E CORP(PCG)25,50631,650+6,144355,554477,2820.06%+121,728
MERCADOLIBRE INC(MELI)231310+79603,749724,4510.09%+120,702
KASPI KZ JSC(KSPI)3,7925,330+1,538321,903435,3540.05%+113,451
ISHARES TR50,00050,00001,986,0002,098,5000.26%+112,500
ISHARES INC40,00040,00001,039,2001,133,6000.14%+94,400
VANGUARD INDEX FDS38,00038,00003,384,2803,473,9600.44%+89,680
SELECT SECTOR SPDR TR3,0003,0000759,690845,5800.11%+85,890
IAC INC(PPLI)8,75712,062+3,305326,986410,9520.05%+83,966
WATERS CORP(WAT)7121,105+393248,516331,2900.04%+82,774
MARSH & MCLENNAN COS INC(MRSH)1,0951,592+497239,411320,8360.04%+81,425
SELECT SECTOR SPDR TR8,0008,0000868,240946,9600.12%+78,720
FRANKLIN TEMPLETON ETF TR29,00029,0000708,760782,7100.10%+73,950
SCHWAB STRATEGIC TR27,26027,218-42796,265868,5260.11%+72,261
MATCH GROUP INC NEW(MTCH)10,52611,224+698325,148396,4320.05%+71,284
GLOBAL X FDS7,9207,9200307,375377,5460.05%+70,171
HEALTHCARE RLTY TR(HR)21,17822,498+1,320335,883405,6390.05%+69,756
BECTON DICKINSON & CO(BDX)1,9102,123+213328,998397,3620.05%+68,364
DBX ETF TR10,00010,0000275,400329,8000.04%+54,400
ISHARES INC6,1106,1100438,576489,4110.06%+50,835
VISA INC(V)2,1662,400+234769,038819,3120.10%+50,274
ISHARES INC8,0008,0000459,200508,9600.06%+49,760
AUTODESK INC1,1391,259+120352,600399,9470.05%+47,347
ISHARES TR5,3345,723+389569,618614,8620.08%+45,244
ISHARES INC10,00010,0000481,400519,5000.07%+38,100
VANGUARD SCOTTSDALE FDS46,77046,77002,624,7322,659,3420.33%+34,610
SPYRE THERAPEUTICS INC(SYRE)18,18418,1840272,214304,7640.04%+32,550
2023 ETF SERIES TRUST II16,00016,0000548,160579,0400.07%+30,880
SPDR SERIES TRUST15,46316,216+753519,248549,5600.07%+30,312
ISHARES BITCOIN TRUST ETF(IBIT)7,3637,3630450,689478,5950.06%+27,906
SELECT SECTOR SPDR TR65,14463,294-1,8508,780,7608,808,6261.10%+27,866
ISHARES INC40,00040,00001,052,8001,080,0000.14%+27,200
QORVO INC(QRVO)4,5104,474-36382,944407,4920.05%+24,548
PIMCO ETF TR30,00030,00001,574,1001,598,4000.20%+24,300
ISHARES TR9,63710,150+513415,740439,4950.06%+23,755
INTERCONTINENTAL EXCHANGE IN(ICE)1,4261,692+266261,628285,0680.04%+23,440
SPDR SERIES TRUST13,90314,555+652313,791336,5120.04%+22,721
VANECK ETF TRUST50,00050,00001,464,0001,486,5000.19%+22,500
ISHARES INC5,0005,0000231,000252,7500.03%+21,750
ISHARES INC14,00014,0000440,300461,4400.06%+21,140
KRANESHARES TRUST13,38913,3890207,797228,5500.03%+20,753
SPDR SERIES TRUST2,6002,6000493,532514,1760.06%+20,644
SPDR SERIES TRUST2,7002,7000339,660356,9400.04%+17,280
Page 1 of 2