Global Endowment Management, LP

Q3 2025 13F-HR Holdings

Location
Charlotte, NC
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
128
Total value ($000)
$798,594
Net value change ($000)
+47,367 (6.3%)
New positions
15
Sold out positions
14
Turnover %
2.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 22,593 1030.2%
MSFT 21,156 524.2%
TXO 11,663 44.7%
VT 4,549 11.7%
IYR 4,314 48.5%
AAPL 3,809 24.1%
CVLC 3,475 NEW
NVDA 3,458 18.1%
EAGG 2,305 NEW
PHYS 1,691 16.8%
Top Reduces (Value $000, Stocks/ETFs)
SPY -39,673 -71.9%
BND -5,562 -3.7%
VTI -2,841 -2.7%
INDA -1,142 -58.6%
VGK -996 -71.4%
GBDC -498 -37.8%
PIMCO MUNICIPAL INCOME FUND -479 -100.0%
CCK -457 -100.0%
FOUR -411 -100.0%
FA -384 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type