Global Endowment Management, L.P. 13F annual report
Global Endowment Management, L.P. is an investment fund managing more than $929 billion ran by Michael Smith. There are currently 84 companies in Mr. Smith’s portfolio. The largest investments include Vanguard Bd Index Fds and Vanguard Star Fds, together worth $340 billion.
$929 billion Assets Under Management (AUM)
As of 6th August 2024, Global Endowment Management, L.P.’s top holding is 3,126,820 shares of Vanguard Bd Index Fds currently worth over $225 billion and making up 24.2% of the portfolio value.
In addition, the fund holds 1,895,626 shares of Vanguard Star Fds worth $114 billion.
The third-largest holding is Vanguard Index Fds worth $105 billion and the next is J P Morgan Exchange Traded F worth $58.5 billion, with 667,338 shares owned.
Currently, Global Endowment Management, L.P.'s portfolio is worth at least $929 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Global Endowment Management, L.P.
The Global Endowment Management, L.P. office and employees reside in Charlotte, North Carolina. According to the last 13-F report filed with the SEC, Michael Smith serves as the Chief Investment Officer at Global Endowment Management, L.P..
Recent trades
In the most recent 13F filing, Global Endowment Management, L.P. revealed that it had opened a new position in
NVIDIA Corp and bought 131,720 shares worth $16.3 billion.
This means they effectively own approximately 0.1% of the company.
NVIDIA Corp makes up
36.9%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in J P Morgan Exchange Traded F by buying
1,155 additional shares.
This makes their stake in J P Morgan Exchange Traded F total 667,338 shares worth $58.5 billion.
On the other hand, there are companies that Global Endowment Management, L.P. is getting rid of from its portfolio.
Global Endowment Management, L.P. closed its position in Ishares Tr on 13th August 2024.
It sold the previously owned 89,660 shares for $4.43 billion.
Michael Smith also disclosed a decreased stake in Vanguard Bd Index Fds by approximately 0.1%.
This leaves the value of the investment at $225 billion and 3,126,820 shares.
One of the average hedge funds
The two most similar investment funds to Global Endowment Management, L.P. are Nicolet Advisory Services and Private Trust Co Na. They manage $929 billion and $929 billion respectively.
Michael Smith investment strategy
Global Endowment Management, L.P.’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Technology — making up 4.7% of
the total portfolio value.
The fund focuses on investments in the United States as
34.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
27% of the total holdings value.
On the other hand, small-cap stocks make up only 4.8% of the portfolio.
The average market cap of the portfolio companies is close to $204 billion.
The complete list of Global Endowment Management, L.P. trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Vanguard Bd Index Fds |
3.19%
3,126,820
|
$225,287,381,000 | 24.25% |
| Vanguard Star Fds |
11.62%
1,895,626
|
$114,306,248,000 | 12.30% |
| Vanguard Index Fds |
No change
503,987
|
$104,610,674,000 | 11.26% |
| J P Morgan Exchange Traded F |
0.17%
667,338
|
$58,538,890,000 | 6.30% |
| Spdr Sp 500 Etf Tr |
No change
103,760
|
$56,468,267,000 | 6.08% |
| Txo Partners Lp |
4.32%
1,985,130
|
$40,020,221,000 | 4.31% |
| Vanguard Intl Equity Index F |
0.97%
553,020
|
$39,697,283,000 | 4.27% |
| Apple Inc |
No change
93,625
|
$19,719,297,000 | 2.12% |
| NVIDIA Corp |
Opened
131,720
|
$16,272,689,000 | 1.75% |
| Ishares Tr |
Opened
170,851
|
$12,440,571,000 | 1.34% |
| Vanguard Index Fds |
Opened
23,862
|
$11,934,102,000 | 1.28% |
| Select Sector Spdr Tr |
41.21%
232,236
|
$22,688,006,000 | 2.44% |
| Ishares Inc |
27.37%
516,472
|
$21,867,571,000 | 2.35% |
| Berkshire Hathaway Inc. |
No change
24,562
|
$9,991,822,000 | 1.08% |
| Ishares Tr |
13.13%
719,530
|
$56,501,383,000 | 6.08% |
| Meta Platforms Inc |
9.15%
16,769
|
$8,455,265,000 | 0.91% |
| KraneShares Trust |
181.30%
368,500
|
$11,193,676,000 | 1.20% |
| Amazon.com Inc. |
8.89%
40,432
|
$7,813,484,000 | 0.84% |
| Microsoft Corporation |
1.99%
14,211
|
$6,351,607,000 | 0.68% |
| Global X Fds |
No change
128,660
|
$6,675,575,000 | 0.72% |
| Alphabet Inc |
3.59%
22,528
|
$4,103,475,000 | 0.44% |
| Vanguard Whitehall Fds |
17.24%
63,350
|
$3,985,349,000 | 0.43% |
| Ally Finl Inc |
0.07%
98,067
|
$3,890,318,000 | 0.42% |
| Spdr Gold Tr |
No change
17,600
|
$3,784,176,000 | 0.41% |
| Ishares Tr |
Closed
89,660
|
$4,426,064,000 | |
| Vanguard Tax-managed Fds |
31.51%
50,000
|
$2,471,000,000 | 0.27% |
| Spdr Ser Tr |
6.76%
69,000
|
$4,035,003,000 | 0.43% |
| Kaspi Kz Jsc |
26.60%
16,212
|
$2,091,510,000 | 0.23% |
| Carvana Co. |
Opened
14,734
|
$1,896,560,000 | 0.20% |
| Appfolio Inc |
No change
7,683
|
$1,879,031,000 | 0.20% |
| VanEck ETF Trust |
5.00%
105,000
|
$3,281,150,000 | 0.35% |
| Invesco Exch Traded Fd Tr Ii |
No change
85,000
|
$1,788,400,000 | 0.19% |
| Credit Accep Corp Mich |
8.91%
3,470
|
$1,785,940,000 | 0.19% |
| MercadoLibre Inc |
No change
990
|
$1,626,966,000 | 0.18% |
| Moodys Corp |
14.61%
3,727
|
$1,568,806,000 | 0.17% |
| Adams Diversified Equity Fd |
No change
67,979
|
$1,460,869,000 | 0.16% |
| Transdigm Group Incorporated |
Closed
1,179
|
$1,452,056,000 | |
| First Ctzns Bancshares Inc N |
2.61%
859
|
$1,446,221,000 | 0.16% |
| Brookfield Corp |
Closed
34,079
|
$1,426,888,000 | |
| Virtus Equity Conv Incm Fd |
No change
60,000
|
$1,394,400,000 | 0.15% |
| Visa Inc |
12.82%
5,299
|
$1,390,829,000 | 0.15% |
| Vanguard Malvern Fds |
43.60%
28,200
|
$1,368,828,000 | 0.15% |
| GE Aerospace |
8.70%
8,602
|
$1,367,460,000 | 0.15% |
| Vanguard World Fd |
No change
6,900
|
$1,329,147,000 | 0.14% |
| Enstar Group Limited |
No change
4,152
|
$1,269,266,000 | 0.14% |
| Workday Inc |
23.05%
5,669
|
$1,267,362,000 | 0.14% |
| Coupang, Inc. |
47.64%
57,949
|
$1,214,032,000 | 0.13% |
| SEMrush Holdings, Inc. |
76.68%
88,298
|
$1,182,310,000 | 0.13% |
| IAC Inc |
No change
21,768
|
$1,019,831,000 | 0.11% |
| AECOM |
Closed
9,900
|
$970,992,000 | |
| Fortrea Hldgs Inc |
61.30%
39,326
|
$917,869,000 | 0.10% |
| Wix.com Ltd |
72.21%
5,763
|
$916,720,000 | 0.10% |
| Gen Digital Inc |
15.92%
35,105
|
$876,923,000 | 0.09% |
| Dbx Etf Tr |
35.96%
36,500
|
$860,305,000 | 0.09% |
| Cogent Communications Hldgs |
No change
15,209
|
$858,396,000 | 0.09% |
| Humana Inc. |
10.53%
2,166
|
$809,326,000 | 0.09% |
| Royal Gold, Inc. |
2.82%
6,352
|
$795,016,000 | 0.09% |
| Golub Cap Bdc Inc |
No change
50,000
|
$785,500,000 | 0.08% |
| Discover Finl Svcs |
Opened
5,884
|
$769,686,000 | 0.08% |
| Equitable Holdings, Inc. |
17.87%
18,835
|
$769,598,000 | 0.08% |
| Interactive Brokers Group In |
8.44%
6,180
|
$757,668,000 | 0.08% |
| Godaddy Inc |
32.00%
5,388
|
$752,757,000 | 0.08% |
| New Amer High Income Fd Inc |
No change
100,000
|
$733,000,000 | 0.08% |
| CRH Plc |
1.25%
9,585
|
$718,683,000 | 0.08% |
| Kellanova Co |
11.64%
12,285
|
$708,599,000 | 0.08% |
| Upwork Inc |
39.46%
64,178
|
$689,914,000 | 0.07% |
| Garrett Motion Inc |
8.66%
78,884
|
$677,614,000 | 0.07% |
| Fair Isaac Corp. |
20.42%
454
|
$675,852,000 | 0.07% |
| Despegar.com Corp |
Opened
51,025
|
$675,061,000 | 0.07% |
| Stellantis N.V |
45.04%
33,881
|
$672,538,000 | 0.07% |
| Warner Bros.Discovery Inc |
Closed
74,593
|
$651,197,000 | |
| Salesforce Inc |
17.19%
2,509
|
$645,064,000 | 0.07% |
| Frontier Group Hldgs Inc |
57.16%
128,897
|
$635,462,000 | 0.07% |
| Alibaba Group Hldg Ltd |
9.14%
8,645
|
$622,440,000 | 0.07% |
| Expedia Group Inc |
Closed
4,447
|
$612,574,000 | |
| Zoetis Inc |
37.41%
3,401
|
$589,597,000 | 0.06% |
| Intercontinental Exchange In |
14.82%
4,299
|
$588,490,000 | 0.06% |
| Intuit Inc |
20.62%
889
|
$584,260,000 | 0.06% |
| Alight Inc. |
Opened
74,281
|
$548,194,000 | 0.06% |
| Thermo Fisher Scientific Inc. |
Opened
984
|
$544,152,000 | 0.06% |
| Oscar Health, Inc. |
Opened
34,032
|
$538,386,000 | 0.06% |
| Linde Plc. |
Closed
1,149
|
$533,504,000 | |
| Bloomin Brands Inc |
Opened
27,707
|
$532,806,000 | 0.06% |
| Otis Worldwide Corporation |
Closed
5,205
|
$516,700,000 | |
| Waters Corp. |
19.76%
1,764
|
$511,772,000 | 0.06% |
| Spdr Ser Tr |
Closed
13,950
|
$1,284,683,000 | |
| EA Series Trust |
Opened
10,000
|
$505,200,000 | 0.05% |
| Ansys Inc. |
Closed
1,399
|
$485,677,000 | |
| Lauder Estee Cos Inc |
36.28%
4,339
|
$461,670,000 | 0.05% |
| Spyre Therapeutics Inc |
No change
18,184
|
$427,506,000 | 0.05% |
| Simplify Exchange Traded Fun |
No change
8,400
|
$401,940,000 | 0.04% |
| Invesco Exchange Traded Fd T |
No change
4,900
|
$395,087,000 | 0.04% |
| VanEck ETF Trust |
Closed
26,320
|
$365,848,000 | |
| Ishares Inc |
Closed
20,000
|
$311,000,000 | |
| Apogee Therapeutics Inc |
No change
7,797
|
$306,812,000 | 0.03% |
| abrdn Japan Equity Fund Inc |
Closed
22,284
|
$138,829,000 | |
| Nuveen Sp 500 Buy-write Inc |
No change
10,000
|
$135,000,000 | 0.01% |
| Nuveen Cr Strategies Income |
Closed
20,000
|
$111,400,000 | |
| No transactions found | |||
| Showing first 500 out of 98 holdings | |||
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