Global Endowment Management, LP
Long book
$896.1M
Q1 2026
Positions
126
Top-10 weight
71%
concentration
Last quarter
+10.1%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsGlobal Endowment Management, LP is a wealth-management firm allocating client money, specialised in technology (66% of the long book), running a $896.1M US long book across 126 positions.
The portfolio is concentrated: the top 10 names carry 71% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD TOT WORLD STK ETF, VANGUARD TOTAL INTL STOCK, VANGUARD TOTAL BOND MARKET, VANGUARD TOTAL STOCK MKT ETF, JPM BETABLDRS MSCI US REIT.
Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.9%
Q2 2024
+6.7%
Q3 2024
-1.5%
Q4 2024
+1.0%
Q1 2025
+6.1%
Q2 2025
+6.4%
Q3 2025
+1.8%
Q4 2025
-0.9%
Q1 2026
+10.1%
Sector allocation
Technology 84%
Financials 4%
Consumer discretionary 3%
Other 2%
Healthcare 2%
Materials 1%
Communications 1%
Industrials 1%
Long book by quarter
What does Global Endowment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 100.0K | $28.8M | 3.2% | Held |
| NVDA NVIDIA CORP | Technology | 124.6K | $21.7M | 2.4% | Held |
| AAPL APPLE INC | Technology | 79.3K | $20.1M | 2.2% | Held |
| MSFT MICROSOFT CORP | Technology | 50.1K | $18.5M | 2.1% | -1.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 7.9K | $3.8M | 0.4% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 12.7K | $2.6M | 0.3% | +1.4% |
| META META PLATFORMS INC-CLASS A | Technology | 3.3K | $1.9M | 0.2% | +4.7% |
| SYRE SPYRE THERAPEUTICS INC | Healthcare | 18.2K | $917K | 0.1% | Held |
| CROX CROCS INC | Other | 10.9K | $906K | 0.1% | Held |
| GBDC GOLUB CAPITAL BDC INC | — | 70.0K | $886K | 0.1% | Held |
| AVGO BROADCOM INC | Technology | 2.7K | $842K | 0.1% | -25.3% |
| APGE APOGEE THERAPEUTICS INC | Healthcare | 7.8K | $656K | 0.1% | Held |
| AGI ALAMOS GOLD INC-CLASS A | Materials | 13.7K | $610K | 0.1% | New |
| DAR DARLING INGREDIENTS INC | Consumer staples | 9.3K | $578K | 0.1% | +1.3% |
| CACC CREDIT ACCEPTANCE CORP | Financials | 1.2K | $529K | 0.1% | -4.8% |
| CPNG COUPANG INC | Consumer discretionary | 27.2K | $513K | 0.1% | +90.9% |
| VEEV VEEVA SYSTEMS INC-CLASS A | Technology | 2.8K | $484K | 0.1% | +98.5% |
| CVNA CARVANA CO | Consumer discretionary | 1.5K | $474K | 0.1% | -18.3% |
| ENSG ENSIGN GROUP INC/THE | Healthcare | 2.3K | $455K | 0.1% | Held |
| CRH CRH PLC | Industrials | 4.3K | $453K | 0.1% | +12.1% |
| APPF APPFOLIO INC - A | Technology | 2.9K | $451K | 0.1% | +78.4% |
| MELI MERCADOLIBRE INC | Services media | 250 | $432K | 0.0% | +30.2% |
| GE GENERAL ELECTRIC | Industrials | 1.3K | $383K | 0.0% | -37.0% |
| ENVA ENOVA INTERNATIONAL INC | Financials | 2.8K | $382K | 0.0% | +16.5% |
| LPX LOUISIANA-PACIFIC CORP | Other | 5.2K | $378K | 0.0% | Held |
| V VISA INC-CLASS A SHARES | Services media | 1.2K | $371K | 0.0% | -37.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 126 | $896.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 138 | $801.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 128 | $798.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 128 | $751.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 142 | $769.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 140 | $781.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 131 | $990.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 122 | $944.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 128 | $959.8M | canonical | SEC ↗ |