Global Endowment Management, LP

Q4 2025 13F-HR Holdings

Location
Charlotte, NC
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
138
Total value ($000)
$801,101
Net value change ($000)
+2,507 (0.3%)
New positions
14
Sold out positions
4
Turnover %
1.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
BBRE 10,428 28.9%
GOOGL 6,528 26.3%
SPY 4,135 26.6%
VXUS 3,093 3.6%
VT 3,060 7.1%
EWJ 2,219 32.3%
JNK 1,986 135.1%
AAPL 1,937 9.9%
IYR 1,712 13.0%
PHYS 1,346 11.5%
Top Reduces (Value $000, Stocks/ETFs)
TXO -17,805 -47.2%
VTI -6,381 -6.3%
BND -4,822 -3.3%
GLD -3,910 -100.0%
META -3,556 -62.9%
AMZN -2,030 -41.3%
DBC -834 -29.8%
MSFT -683 -2.7%
MCO -500 -66.2%
COF -479 -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