Global Endowment Management, LP
Sector Allocation
- Other62.4%$615.6M
- Industrials21.2%$209.0M
- Technology10.4%$103.1M
- Financials2.9%$28.9M
- Consumer Staples2.5%$25.0M
- Communication Services0.2%$2.2M
- Consumer Discretionary0.2%$1.6M
- Healthcare0.1%$1.1M
AUM History
13fpro.ai/research/fund/global-endowment-management-lp-1512237
Conviction and streaks
Concentrating · top 10 = 73.3%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
DOV
$209.0M- VANGUARD$117.4M
- VANGUARD$107.4M
- VANGUARD$104.1M
- J$45.8M
- ISHARES$35.9M
GOOGL
$35.8MNVDA
$24.9MAAPL
$21.6M- ISHARES$20.9M
MSFT
$18.4M- ISHARES$17.9M
- VANGUARD$17.9M
- VANGUARD$17.8M
DAR
$14.3M- SCHWAB$13.7M
- ISHARES$12.0M
PHYS
$11.9MDJP
$11.1M- ISHARES$10.9M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/global-endowment-management-lp-1512237
Global Endowment Management, LP 13F holdings — Q2 2026
$986.5M portfolio (+10.1% QoQ) · 72 holdings · Q2 2026 13F · top 10 are 73% of the stock portfolio
$209.0M
21.2% of stocks
+31%This quarter-2.2%Since filed10+ qtrsHeld- 2
VANGUARD INDEX FDS - TOTAL STK MKT
$117.4M
11.9% of stocks
-5%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
VANGUARD BD INDEX FDS - TOTAL BND MRKT
$107.4M
10.9% of stocks
-2%This quarter—Since filed—HeldAIQuality—Est. buy— - 4
VANGUARD STAR FDS - VG TL INTL STK F
$104.1M
10.6% of stocks
-15%This quarter—Since filed—HeldAIQuality—Est. buy— - 5
J P MORGAN EXCHANGE TRADED F - BETBULD MSCI
$45.8M
4.7% of stocks
-2%This quarter—Since filed—HeldAIQuality—Est. buy— - 6
ISHARES TR - CORE US AGGBD ET
$35.9M
3.6% of stocks
+8%This quarter—Since filed—HeldAIQuality—Est. buy— $35.8M
3.6% of stocks
No changeThis quarter-8.5%Since filed10+ qtrsHeld$24.9M
2.5% of stocks
No changeThis quarter-4.1%Since filed9 qtrsHeld$21.6M
2.2% of stocks
-6%This quarter+12.4%Since filed10+ qtrsHeld- 10
ISHARES TR - U.S. REAL ES ETF
$20.9M
2.1% of stocks
No changeThis quarter—Since filed—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $209.0M | 21.2% | +31% | -2.2% | 10+ qtrsAdded 4 qtrs in a row | 59.5#924 | Estimated buy price is Pro: unlock with a free trial | ||
| 2 | VANGUARD INDEX FDS - TOTAL STK MKT | $117.4M | 11.9% | -5% | — | — | — | — | |
| 3 | VANGUARD BD INDEX FDS - TOTAL BND MRKT | $107.4M | 10.9% | -2% | — | — | — | — | |
| 4 | VANGUARD STAR FDS - VG TL INTL STK F | $104.1M | 10.6% | -15% | — | — | — | — | |
| 5 | J P MORGAN EXCHANGE TRADED F - BETBULD MSCI | $45.8M | 4.7% | -2% | — | — | — | — | |
| 6 | ISHARES TR - CORE US AGGBD ET | $35.9M | 3.6% | +8% | — | — | — | — | |
| 7 | $35.8M | 3.6% | No change | -8.5% | 10+ qtrs | 77.7#61 | Estimated buy price is Pro: unlock with a free trial | ||
| 8 | $24.9M | 2.5% | No change | -4.1% | 9 qtrs | 86.0#3 | Estimated buy price is Pro: unlock with a free trial | ||
| 9 | $21.6M | 2.2% | -6% | +12.4% | 10+ qtrs | 75.7#88 | Estimated buy price is Pro: unlock with a free trial | ||
| 10 | ISHARES TR - U.S. REAL ES ETF | $20.9M | 2.1% | No change | — | — | — | — |
All holdings — Global Endowment Management, LP (Q2 2026)
72 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | MICROSOFT CORP | Technology | $18.4M | 1.9% | 49K | -2% | 10+ qtrsTrimmed 2 qtrs in a row | 79.8 | 13F | |
| 12 | — | ISHARES TR - MSCI AC ASIA ETFetf/fund | — | $17.9M | 1.8% | 150K | -5% | — | — | 13F |
| 13 | — | VANGUARD INDEX FDS - S&P 500 ETF SHSetf/fund | — | $17.9M | 1.8% | 26K | +3% | — | — | 13F |
| 14 | — | VANGUARD INTL EQUITY INDEX F - FTSE EMR MKT ETFetf/fund | — | $17.8M | 1.8% | 298K | — | — | — | 13F |
| 15 | DARLING INGREDIENTS INC. | Consumer Staples | $14.3M | 1.4% | 262K | +2699% | 4 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | — | SCHWAB STRATEGIC TR - US LRG CAP ETFetf/fund | — | $13.7M | 1.4% | 466K | +20% | — | — | 13F |
| 17 | — | ISHARES TR - TIPS BD ETFetf/fund | — | $12.0M | 1.2% | 110K | +9% | — | — | 13F |
| 18 | Sprott Physical Gold Trust | Financials | $11.9M | 1.2% | 396K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | BARCLAYS BANK PLC | Financials | $11.1M | 1.1% | 255K | +28% | 6 qtrsAdded 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | — | ISHARES INC - MSCI JAPAN ETFetf/fund | — | $10.9M | 1.1% | 117K | -5% | — | — | 13F |
| 21 | Turning Point Brands, Inc. | Consumer Staples | $10.8M | 1.1% | 127K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | — | ISHARES INC - MSCI STH KOR ETFetf/fund | — | $10.3M | 1.0% | 51K | +1173% | — | — | 13F |
| 23 | — | VANGUARD MALVERN FDS - TOTAL TREASURYetf/fund | — | $10.0M | 1.0% | 133K | New | — | — | 13F |
| 24 | — | MORGAN STANLEY ETF TRUST - CALVERT US LARCPetf/fund | — | $7.2M | 0.7% | 76K | +24% | — | — | 13F |
| 25 | — | SPDR INDEX SHS FDS - ST STR PO EX ETFetf/fund | — | $6.0M | 0.6% | 120K | +14% | — | — | 13F |
| 26 | $SPY | SPDR S&P 500 ETF TRUST | — | $5.6M | 0.6% | 7,500 | -75% | |||
| 27 | — | ISHARES TR - ESG AWR US AGRGT | — | $4.4M | 0.5% | 94K | +37% | |||
| 28 | — | SPDR SERIES TRUST - ST BLOO HIGH ETF | — | $3.9M | 0.4% | 40K | +13% | |||
| 29 | — | SPDR SERIES TRUST - ST STR AGGRE ETF | — | $3.8M | 0.4% | 149K | -13% | |||
| 30 | — | VANECK ETF TRUST - GOLD MINERS ETF | — | $3.0M | 0.3% | 40K | -20% | |||
| 31 | $DBC | Invesco DB Commodity Index Tracking Fund | Financials | $2.9M | 0.3% | 108K | +16% | |||
| 32 | — | ISHARES TR - IBOXX HI YD ETF | — | $2.7M | 0.3% | 33K | +25% | |||
| 33 | — | SPDR INDEX SHS FDS - ST PORT MARK ETF | — | $2.7M | 0.3% | 51K | +14% | |||
| 34 | — | FRANKLIN TEMPLETON ETF TR - FTSE SOUTH KOREA | — | $2.2M | 0.2% | 34K | -1.0% | |||
| 35 | — | SPDR SERIES TRUST - ST PORT HIGH ETF | — | $2.2M | 0.2% | 95K | New | |||
| 36 | — | VANGUARD INTL EQUITY INDEX F - FTSE EUROPE ETF | — | $2.2M | 0.2% | 25K | — | |||
| 37 | — | KRANESHARES TRUST - CSI CHI INTERNET | — | $2.2M | 0.2% | 90K | +17% | |||
| 38 | $CCOI | COGENT COMMUNICATIONS HOLDINGS, INC. | Communication Services | $2.2M | 0.2% | 159K | +760% | |||
| 39 | — | SPDR SERIES TRUST - ST STR P500ETF | — | $2.2M | 0.2% | 25K | +93% | |||
| 40 | — | VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT | — | $2.1M | 0.2% | 30K | -38% | |||
| 41 | — | SPDR SERIES TRUST - ST INTER BD ETF | — | $1.8M | 0.2% | 54K | +46% | |||
| 42 | $WT | WisdomTree, Inc. | Financials | $1.7M | 0.2% | 10K | — | |||
| 43 | — | ISHARES TR - MSCI UK ETF NEW | — | $1.7M | 0.2% | 37K | -26% | |||
| 44 | $AMZN | AMAZON COM INC | Consumer Discretionary | $1.6M | 0.2% | 6,896 | -45% | |||
| 45 | — | VANECK ETF TRUST - FALLEN ANGEL HG | — | $1.5M | 0.1% | 50K | — | |||
| 46 | — | ISHARES INC - MSCI TAIWAN ETF | — | $1.4M | 0.1% | 13K | New | |||
| 47 | — | VANGUARD INDEX FDS - REAL ESTATE ETF | — | $1.3M | 0.1% | 13K | -59% | |||
| 48 | — | ISHARES INC - MSCI SPAIN ETF | — | $1.2M | 0.1% | 20K | -33% | |||
| 49 | $STT | STATE STREET CORP | Financials | $1.2M | 0.1% | 17K | — | |||
| 50 | — | ISHARES INC - MSCI CDA ETF | — | $1.2M | 0.1% | 20K | +300% | |||
| 51 | — | ISHARES INC - MSCI AUST ETF | — | $1.1M | 0.1% | 40K | — | |||
| 52 | $SYRE | Spyre Therapeutics, Inc. | Healthcare | $1.1M | 0.1% | 12K | -33% | |||
| 53 | $AVGO | Broadcom Inc. | Technology | $1.0M | 0.1% | 2,722 | — | |||
| 54 | — | PIMCO ETF TR - 15+ YR US TIPS | — | $1.0M | 0.1% | 20K | — | |||
| 55 | $META | Meta Platforms, Inc. | Technology | $1.0M | 0.1% | 1,785 | -46% | |||
| 56 | — | DBX ETF TR - XTRACK HRVST CSI | — | $953K | 0.1% | 26K | +30% | |||
| 57 | — | ISHARES INC - MSCI SINGPOR ETF | — | $888K | 0.1% | 30K | — | |||
| 58 | — | EA SERIES TRUST - STRIVE US SEMICO | — | $854K | 0.1% | 7,000 | — | |||
| 59 | — | ISHARES TR - INTRM GOV CR ETF | — | $729K | 0.1% | 6,872 | +19% | |||
| 60 | — | GMO ETF TRUST - US QUALITY ETF | — | $666K | 0.1% | 16K | — | |||
| 61 | — | ISHARES TR - 0-5 YR TIPS ETF | — | $628K | 0.1% | 6,151 | +118% | |||
| 62 | — | INVESCO EXCH TRADED FD TR II - CHINA TECHNLGY | — | $570K | 0.1% | 10K | — | |||
| 63 | — | GLOBAL X FDS - GB MSCI AR ETF | — | $548K | 0.1% | 6,000 | -14% | |||
| 64 | — | SCHWAB STRATEGIC TR - US LCAP GR ETF | — | $496K | 0.1% | 15K | -20% | |||
| 65 | $PML | PIMCO MUNICIPAL INCOME FUND II | Other | $490K | 0.1% | 64K | — | |||
| 66 | — | SPDR SERIES TRUST - SP O&G EXPL PRO | — | $463K | 0.1% | 3,000 | New | |||
| 67 | $MMD | NYLIM MacKay DefinedTerm Muni Opportunities Fund | Other | $409K | 0.0% | 26K | -12% | |||
| 68 | $YMM | Full Truck Alliance Co. Ltd. | Technology | $350K | 0.0% | 8,000 | — | |||
| 69 | — | SIMPLIFY EXCHANGE TRADED FUN - SIMPLIFY INTERST | — | $347K | 0.0% | 8,000 | New | |||
| 70 | — | ROUNDHILL ETF TRUST - HUMAN ROBOT ETF | — | $344K | 0.0% | 9,760 | — | |||
| 71 | — | ISHARES TR - 0-5YR HI YL CP | — | $316K | 0.0% | 7,459 | -10% | |||
| 72 | — | ISHARES TR - 1 3 YR TREAS BD | — | $315K | 0.0% | 3,842 | -90% |
What changed in Q2 2026
Against the previous quarter's 13F: 6 new, 23 added to, 24 trimmed, 60 sold out. Share-count changes; largest moves by dollar size first.
New positions (6)
$TPBTurning Point Brands, Inc.$10.8M
first bought this quarter
- VANGUARD MALVERN FDS - TOTAL TREASURY$10.0M
first bought this quarter
- SPDR SERIES TRUST - ST PORT HIGH ETF$2.2M
first bought this quarter
- ISHARES INC - MSCI TAIWAN ETF$1.4M
first bought this quarter
- SPDR SERIES TRUST - SP O&G EXPL PRO$463K
first bought this quarter
- SIMPLIFY EXCHANGE TRADED FUN - SIMPLIFY INTERST$347K
first bought this quarter
Added to (23)
now $209.0M · held 10+ qtrs, 4 adds in a row
now $14.3M · held 4 qtrs, 2 adds in a row
- ISHARES INC - MSCI STH KOR ETF+1173%
now $10.3M
- ISHARES TR - CORE US AGGBD ET+8%
now $35.9M
now $11.1M · held 6 qtrs, 6 adds in a row
- SCHWAB STRATEGIC TR - US LRG CAP ETF+20%
now $13.7M
+17 more in the Excel export
Trimmed (24)
- VANGUARD STAR FDS - VG TL INTL STK F-15%
now $104.1M
$SPYSPDR S&P 500 ETF TRUST-75%
now $5.6M · held 6 qtrs
- VANGUARD INDEX FDS - TOTAL STK MKT-5%
now $117.4M
- ISHARES TR - 1 3 YR TREAS BD-90%
now $315K
- VANGUARD BD INDEX FDS - TOTAL BND MRKT-2%
now $107.4M
- VANGUARD INDEX FDS - REAL ESTATE ETF-59%
now $1.3M
+18 more in the Excel export
Holdings by quarter
Every 13F Global Endowment Management, LP has filed, 40 earlier quarters. Pick one to see what it held then.
Is it too late to follow Global Endowment Management?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Global Endowment Management's top 20 holdings: 65/100 (our AI quality score, weighted by position size; 13 of the 20 are scored)
Top 10 since filing
-2.7%
Value-weighted move of the 10 largest stock positions
Turnover
12%
Last quarter; 35% over the last 4
Top 10 weight
73%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
96%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Global Endowment Management, LP disclosed 72 positions worth $986.5M in its Form 13F-HR for Q2 2026, led by $DOV (DOVER Corp) at 21.2% of the equity portfolio. During the quarter the fund opened 6 new positions and exited 60 — including a new stake in $TPB. The portfolio is most concentrated in Other (62.4% of disclosed assets). All figures are sourced directly from Global Endowment Management, LP’s Form 13F-HR filing with the SEC under CIK 1512237.
Funds like this
managers whose biggest positions overlap Global Endowment Management'sBrowse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
AI-Powered Hedge Fund Analysis: Global Endowment Management, LP
13F Pro is an AI hedge fund tracker and stock research platform. For Global Endowment Management, LP (SEC CIK: 1512237), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Global Endowment Management, LP's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.