Q2 2026 13F · SEC CIK 1512237

Global Endowment Management, LP

Endowment & foundationFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $986.5M
Reported positions: 72
Top holdings a year, 3 yrs: +12.1%
Assets under management: $12.9B

Global Endowment Management, LP is an endowment & foundation that reported 72 positions worth $986.5M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Vanguard Total World Stock Index Fund Et (VT, 21.2%), Vanguard Index Fds (VTI, 11.9%), Vanguard Total Bond Market ETF (BND, 10.9%). A portfolio copying its top holdings returned 12.1% a year over the last 3 years, against 20.4% for the S&P 500.

Global Endowment Management, LP holdings largest 50 of 72 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Global Endowment Management, LP 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
VTVanguard Total World Stock Index Fund Et	21.2%	15.7%	1,331,484	+30.7%	$209.0M
VTIVanguard Index Fds	11.9%	12.0%	317,307	-5.1%	$117.4M
BNDVanguard Total Bond Market ETF	10.9%	12.3%	1,463,086	-1.9%	$107.4M
VXUSVanguard Star Fds Vanguard Total Intl St	10.5%	12.4%	1,217,344	-15.4%	$104.1M
BBREJp Morgan ETF Trust Betabuilders Msci US	4.6%	4.7%	427,282	-2.1%	$45.8M
AGGIshares Tr	3.6%	3.7%	362,472	+8.3%	$35.9M
GOOGLAlphabet Inc	3.6%	3.2%	100,042	+0.0%	$35.8M
NVDANvidia Corporation Com	2.5%	2.4%	124,579	+0.0%	$24.9M
AAPLApple Inc	2.2%	2.2%	74,820	-5.6%	$21.6M
IYRiShares US Real Estate ETF	2.1%	2.2%	204,000	+0.0%	$20.9M
MSFTMicrosoft Corp	1.9%	2.1%	49,241	-1.7%	$18.4M
AAXJIshares Tr	1.8%	1.7%	150,034	-5.0%	$17.9M
VOOVanguard S&p 500 ETF	1.8%	1.7%	26,062	+3.1%	$17.9M
VWOVanguard Intl Equity Index F	1.8%	1.8%	298,000	+0.0%	$17.8M
DARDarling Ingredients Inc	1.4%	—	261,500	—	$14.3M
SCHXSchwab Stratgc Tr	1.4%	1.1%	465,798	+20.1%	$13.7M
TIPiShares TIPS Bond ETF	1.2%	1.2%	109,883	+9.4%	$12.0M
PHYSSprott Asset Management LP	1.2%	1.6%	396,000	+0.0%	$11.9M
DJPIpath Bloomberg Commodity Index Total Re	1.1%	1.1%	254,683	+28.2%	$11.1M
EWJIshares Inc	1.1%	1.2%	116,963	-5.2%	$10.9M
TPBTurning Pt Brands Inc Com	1.1%	—	126,808	—	$10.8M
EWYIshares Inc	1.0%	—	50,923	—	$10.3M
VTGVanguard Malvern Fds	1.0%	—	133,210	—	$10.0M
CVLCMorgan Stanley ETF Trust	0.7%	0.6%	76,392	+23.8%	$7.2M
SPDWSPDR Portfolio Developed World	0.6%	0.5%	119,538	+13.8%	$6.0M
SPYSpdr S&p 500 ETF Tr	0.6%	2.2%	7,500	-74.9%	$5.6M
EAGGIshares Tr	0.5%	0.4%	93,604	+37.1%	$4.4M
JNKState Street Spdr Bloomberg High Yield B	0.4%	0.4%	40,340	+13.5%	$3.9M
SPABSpdr Series Trust	0.4%	0.5%	148,926	-12.5%	$3.8M
GDXVaneck Gold Miners ETF	0.3%	0.5%	40,000	-20.0%	$3.0M
DBCInvesco Db Commdy Indx Trck	0.3%	0.3%	107,752	+16.4%	$2.9M
HYGIshares Trust	0.3%	0.2%	33,266	+24.5%	$2.7M
SPEMState Street Spdr Portfolio Emerging Mar	0.3%	0.2%	51,206	+14.3%	$2.7M
FLKRFranklin Ftse South Korea ETF	0.2%	0.2%	33,565	-1.0%	$2.2M
SPHYSpdr Series Trust	0.2%	—	94,519	—	$2.2M
VGKVanguard Intl Equity Index F	0.2%	0.2%	25,000	+0.0%	$2.2M
KWEBKraneshares Trust	0.2%	0.2%	90,000	+16.9%	$2.2M
CCOICogent Comm Holdings Inc Com New	0.2%	—	158,582	—	$2.2M
SPLGSpdr Series Trust	0.2%	—	24,926	—	$2.2M
VEAVanguard Tax-Managed Fds	0.2%	0.3%	30,000	-37.5%	$2.1M
SPIBSpdr Series Trust	0.2%	0.1%	54,077	+45.9%	$1.8M
DXJWisdomtree Tr	0.2%	0.2%	10,000	+0.0%	$1.7M
EWUIshares Tr	0.2%	0.3%	37,000	-26.0%	$1.7M
AMZNAmazon Com Inc Com	0.2%	0.3%	6,896	-45.5%	$1.6M
ANGLVaneck ETF Trust	0.1%	0.2%	50,000	+0.0%	$1.5M
EWTiShares MSCI Taiwan ETF	0.1%	—	13,000	—	$1.4M
VNQVanguard Real Estate ETF	0.1%	0.3%	13,000	-59.2%	$1.3M
EWPIshares Msci Spain ETF	0.1%	0.2%	20,000	-33.3%	$1.2M
FEZSpdr Index Shs Fds	0.1%	0.1%	17,160	+0.0%	$1.2M
EWCiShares MSCI Canada	0.1%	—	20,000	—	$1.2M

What Global Endowment Management, LP bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +14.3% /yr; S&P 500 +20.1%
3 years: +12.1% /yr; S&P 500 +20.4%
5 years: +4.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$986.5M	72
Q1 2026	$896.1M	126
Q4 2025	$801.1M	138
Q3 2025	$798.6M	128
Q2 2025	$751.2M	128
Q1 2025	$769.3M	142
Q4 2024	$781.8M	140
Q3 2024	$990.2M	131
Q2 2024	$944.9M	122
Q1 2024	$959.8M	128
Q4 2023	$898.4M	127
Q3 2023	$934.4M	118

Questions about Global Endowment Management, LP's portfolio

What stocks does Global Endowment Management, LP own?

Global Endowment Management, LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 72 positions worth $986.5M. The largest are Vanguard Total World Stock Index Fund Et (VT) at 21.2%, Vanguard Index Fds (VTI) at 11.9%, Vanguard Total Bond Market ETF (BND) at 10.9%, Vanguard Star Fds Vanguard Total Intl St (VXUS) at 10.5% and Jp Morgan ETF Trust Betabuilders Msci US (BBRE) at 4.6%.

What did Global Endowment Management, LP buy last quarter?

In Q2 2026, Global Endowment Management, LP added Spdr Series Trust (SPIB) (+45.9% shares), Ishares Tr (EAGG) (+37.1% shares) and Vanguard Total World Stock Index Fund Et (VT) (+30.7% shares), compared with its Q1 2026 filing.

What did Global Endowment Management, LP sell last quarter?

In Q2 2026, Global Endowment Management, LP cut from its top 50 Select Sector Spdr Tr (XLV), cut from its top 50 TXO Partners LP (TXO), cut from its top 50 Berkshire Hathaway Inc Del (BRK-B), cut from its top 50 iShs Lehman 1-3Tsy (SHY), cut from its top 50 Vanguard Charlotte Fds (BNDX), Spdr S&p 500 ETF Tr (SPY) (-74.9% shares), Vanguard Real Estate ETF (VNQ) (-59.2% shares) and Amazon Com Inc Com (AMZN) (-45.5% shares), compared with its Q1 2026 filing.

How has Global Endowment Management, LP's portfolio performed?

A portfolio copying Global Endowment Management, LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +12.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +14.3% against +20.1%. Over 5 years: +4.1% a year against +11.6%.

When is Global Endowment Management, LP's next 13F filing due?

13F filings are due 45 days after each quarter ends. Global Endowment Management, LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Global Endowment Management, LP manage?

Global Endowment Management, LP reported $12.9B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $986.5M.