Global Endowment Management

Global Endowment Management as of Sept. 30, 2013

Portfolio Holdings for Global Endowment Management

Global Endowment Management holds 182 positions in its portfolio as reported in the September 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Berkshire Hathaway (BRK.B) 12.5 $50M 439k 113.51
Zillow 7.3 $29M 347k 84.37
Trulia 4.3 $17M 367k 47.03
Vanguard Total Bond Market ETF (BND) 2.8 $11M 140k 80.88
Google 2.0 $7.9M 9.0k 875.99
Oaktree Cap 2.0 $7.9M 150k 52.35
Spdr S&p 500 Etf (SPY) 1.8 $7.0M 42k 168.02
Market Vectors Gold Miners ETF 1.7 $6.6M 264k 25.06
Facebook Inc cl a (META) 1.1 $4.4M 88k 50.24
Resolute Fst Prods In 1.0 $4.1M 307k 13.22
Enterprise Products Partners (EPD) 1.0 $4.0M 66k 61.04
American International (AIG) 1.0 $4.0M 82k 48.63
FleetCor Technologies (FLT) 1.0 $3.9M 35k 110.17
Intl Fcstone 1.0 $3.8M 187k 20.45
Wells Fargo & Company (WFC) 0.9 $3.8M 91k 41.32
Lear Corporation (LEA) 0.9 $3.7M 51k 71.56
TransDigm Group Incorporated (TDG) 0.9 $3.7M 26k 138.71
Fox News 0.9 $3.5M 105k 33.40
General Dynamics Corporation (GD) 0.8 $3.4M 39k 87.52
Tempur-Pedic International (TPX) 0.8 $3.4M 77k 43.96
Magellan Midstream Partners 0.8 $3.4M 60k 56.43
Xpo Logistics Inc equity (XPO) 0.8 $3.4M 157k 21.67
Accelrys 0.8 $3.3M 332k 9.86
Oneok Partners 0.8 $3.2M 60k 53.02
Liberty Global Inc Com Ser A 0.8 $3.1M 40k 79.34
Outerwall 0.8 $3.1M 63k 49.98
Targa Res Corp (TRGP) 0.8 $3.1M 42k 72.95
Time Warner Cable 0.8 $3.0M 27k 111.59
Vodafone 0.8 $3.0M 85k 35.18
Kinder Morgan Management 0.7 $3.0M 40k 74.95
Utilities SPDR (XLU) 0.7 $3.0M 79k 37.35
Lender Processing Services 0.7 $2.9M 86k 33.27
Semgroup Corp cl a 0.7 $2.9M 50k 57.03
Charles Schwab Corporation (SCHW) 0.7 $2.8M 134k 21.14
Six Flags Entertainment (SIX) 0.7 $2.8M 83k 33.79
Macquarie Infrastructure Company 0.7 $2.8M 52k 53.53
Targa Resources Partners 0.7 $2.8M 54k 51.47
Phillips 66 (PSX) 0.7 $2.7M 46k 57.81
Microsoft Corporation (MSFT) 0.7 $2.6M 79k 33.30
Rock-Tenn Company 0.7 $2.6M 26k 101.29
Signet Jewelers (SIG) 0.7 $2.6M 36k 71.66
Bank of America Corporation (BAC) 0.6 $2.5M 185k 13.80
Plains All American Pipeline (PAA) 0.6 $2.6M 49k 52.66
Western Gas Partners 0.6 $2.5M 42k 60.13
Colgate-Palmolive Company (CL) 0.6 $2.5M 42k 59.31
NCR Corporation (VYX) 0.6 $2.4M 61k 39.60
MarkWest Energy Partners 0.6 $2.3M 33k 72.24
Support 0.6 $2.3M 426k 5.45
Uti Worldwide 0.6 $2.3M 152k 15.11
Sunoco Logistics Partners 0.6 $2.3M 34k 66.44
Level 3 Communications 0.6 $2.2M 84k 26.69
Lpl Financial Holdings (LPLA) 0.6 $2.2M 59k 38.31
Access Midstream Partners, L.p 0.6 $2.2M 46k 48.31
Spectra Energy 0.5 $2.2M 63k 34.23
American Capital 0.5 $2.1M 154k 13.75
El Paso Pipeline Partners 0.5 $2.1M 50k 42.22
Oneok (OKE) 0.5 $2.1M 40k 53.31
DiamondRock Hospitality Company (DRH) 0.5 $2.1M 194k 10.67
Shutterfly 0.5 $2.0M 36k 55.89
American Express Company (AXP) 0.5 $2.0M 26k 75.52
Extra Space Storage (EXR) 0.5 $2.0M 43k 45.76
Citigroup (C) 0.5 $2.0M 40k 48.51
WESTERN GAS EQUITY Partners 0.5 $2.0M 53k 37.19
Host Hotels & Resorts (HST) 0.5 $1.9M 106k 17.67
EastGroup Properties (EGP) 0.5 $1.9M 32k 59.22
SL Green Realty 0.5 $1.8M 21k 88.86
DCT Industrial Trust 0.5 $1.8M 253k 7.19
Boston Properties (BXP) 0.5 $1.8M 17k 106.89
Guidance Software 0.5 $1.8M 203k 9.07
American Tower Reit (AMT) 0.5 $1.8M 25k 74.13
Vornado Realty Trust (VNO) 0.5 $1.8M 22k 84.06
Energy Select Sector SPDR (XLE) 0.5 $1.8M 22k 82.90
Pennsylvania R.E.I.T. 0.5 $1.8M 95k 18.70
Acadia Realty Trust (AKR) 0.5 $1.8M 73k 24.67
USD.001 Atlas Energy Lp ltd part 0.5 $1.8M 33k 54.62
Equity One 0.4 $1.7M 80k 21.86
General Growth Properties 0.4 $1.7M 91k 19.29
Hallmark Financial Services 0.4 $1.7M 193k 8.87
Ddr Corp 0.4 $1.7M 109k 15.71
Apartment Investment and Management 0.4 $1.7M 60k 27.93
Equity Residential (EQR) 0.4 $1.7M 31k 53.56
AvalonBay Communities (AVB) 0.4 $1.7M 13k 127.06
Atlas Pipeline Partners 0.4 $1.7M 43k 38.80
Simon Property (SPG) 0.4 $1.7M 11k 148.25
iShares MSCI United Kingdom Index 0.4 $1.7M 85k 19.62
Healthcare Realty Trust Incorporated 0.4 $1.6M 71k 23.11
Post Properties 0.4 $1.6M 36k 45.03
Corporate Office Properties Trust (CDP) 0.4 $1.6M 70k 23.11
BioMed Realty Trust 0.4 $1.7M 89k 18.58
HCP 0.4 $1.6M 40k 40.96
Education Realty Trust 0.4 $1.6M 175k 9.10
Taubman Centers 0.4 $1.6M 24k 67.31
PowerShares QQQ Trust, Series 1 0.4 $1.6M 20k 78.85
Two Harbors Investment 0.4 $1.6M 162k 9.71
Equity Lifestyle Properties (ELS) 0.4 $1.5M 45k 34.18
Vitesse Semiconductor Corporate 0.4 $1.5M 508k 3.04
Tesoro Logistics Lp us equity 0.4 $1.6M 27k 58.01
American Campus Communities 0.4 $1.5M 44k 34.15
Dcp Midstream Partners 0.4 $1.5M 30k 49.65
W.R. Grace & Co. 0.4 $1.5M 17k 87.43
iShares MSCI Germany Index Fund (EWG) 0.3 $1.3M 46k 27.81
Nuveen Quality Pref. Inc. Fund II 0.3 $1.2M 150k 8.16
Energy Transfer Equity (ET) 0.3 $1.2M 18k 65.79
Alpha Natural Resources 0.3 $1.1M 192k 5.96
BlackRock Credit All Inc Trust IV (BTZ) 0.3 $1.2M 90k 13.04
Allianzgi Equity & Conv In 0.3 $1.2M 63k 18.56
Cbre Clarion Global Real Estat re (IGR) 0.3 $1.1M 140k 8.09
Tiffany & Co. 0.3 $1.1M 14k 76.64
Mplx (MPLX) 0.3 $1.1M 30k 36.43
Kinder Morgan (KMI) 0.2 $1.0M 29k 35.57
Industrial SPDR (XLI) 0.2 $931k 20k 46.39
SPDR S&P Metals and Mining (XME) 0.2 $929k 25k 36.65
Hatteras Financial 0.2 $834k 45k 18.70
Nuveen Mortgage opportunity trm fd2 0.2 $840k 35k 24.00
Technology SPDR (XLK) 0.2 $785k 25k 32.04
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.2 $806k 7.1k 113.52
iShares MSCI Switzerland Index Fund (EWL) 0.2 $784k 25k 31.30
Financial Select Sector SPDR (XLF) 0.2 $756k 38k 19.89
AllianceBernstein Income Fund 0.2 $704k 100k 7.04
iShares MSCI Canada Index (EWC) 0.2 $705k 25k 28.32
PowerShares Build America Bond Portfolio 0.2 $685k 25k 27.29
Annaly Capital Management 0.2 $637k 55k 11.58
Putnam Premier Income Trust (PPT) 0.2 $631k 120k 5.26
Nuveen Multi-Strategy Income & Growth (JPC) 0.2 $658k 76k 8.68
Blackrock Build America Bond Trust (BBN) 0.2 $632k 34k 18.81
Solar Cap (SLRC) 0.1 $603k 27k 22.17
MCG Capital Corporation 0.1 $586k 116k 5.04
Nuveen Municipal Advantage Fund 0.1 $585k 47k 12.51
Consumer Discretionary SPDR (XLY) 0.1 $509k 8.4k 60.60
Invesco Van Kampen Trust For Inv Grd Mun (VGM) 0.1 $508k 41k 12.47
Nuveen Premium Income Muni Fund 2 0.1 $517k 40k 13.05
Invesco Van Kampen Municipal Trust (VKQ) 0.1 $509k 44k 11.71
Invesco Van Kampen Muni Opp Trust (VMO) 0.1 $505k 43k 11.79
Nuveen Munpl Markt Opp Fund 0.1 $510k 42k 12.27
Nuveen Insured Tax-Free Adv Munici (NEA) 0.1 $512k 41k 12.49
Nuveen Div. Advantage Muni. Fund (NAD) 0.1 $506k 39k 13.03
Nuveen Div Adv Muni Fd 3 Ben Int (NZF) 0.1 $508k 40k 12.70
Nuveen Quality Income Municipal Fund 0.1 $504k 40k 12.62
Putnam Municipal Opportunities Trust (PMO) 0.1 $505k 46k 10.94
Nuveen Premium Income Municipal Fund 0.1 $515k 40k 12.77
Van Kampen Advantage Muni Incm Tr II (VKI) 0.1 $512k 48k 10.70
Invesco Insured Municipal Income Trust (IIM) 0.1 $505k 37k 13.55
Nuveen Select Quality Municipal Fund 0.1 $503k 40k 12.70
Eaton Vance Tax-Managed Global Dive Eq (EXG) 0.1 $469k 50k 9.38
BlackRock Global Energy & Resources Trus (BGR) 0.1 $490k 19k 25.79
Central Gold-Trust 0.1 $462k 10k 46.20
Invesco Mortgage Capital 0.1 $420k 27k 15.38
Blackrock Muniassets Fund (MUA) 0.1 $424k 36k 11.91
Market Vectors Agribusiness 0.1 $403k 7.9k 51.30
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.1 $408k 4.0k 102.00
iShares Lehman MBS Bond Fund (MBB) 0.1 $387k 3.7k 106.03
iShares MSCI Sweden Index (EWD) 0.1 $379k 11k 34.17
Invesco Municipal Income Opp Trust (OIA) 0.1 $367k 58k 6.34
Putnam Managed Municipal Income Trust (PMM) 0.1 $367k 54k 6.83
SPDR Gold Trust (GLD) 0.1 $308k 2.4k 128.33
Ishares Tr msci russ indx 0.1 $303k 14k 21.64
BlackRock Income Trust 0.1 $276k 41k 6.68
iShares MSCI Singapore Index Fund 0.1 $261k 20k 13.36
iShares MSCI France Index (EWQ) 0.1 $289k 11k 26.83
Nuveen Qual Preferred Inc. Fund III 0.1 $286k 36k 7.88
BLACKROCK INTL GRWTH & INC T COM Bene Inter (BGY) 0.1 $276k 36k 7.69
SPDR Nuveen Barclays Capital Municpl Bnd 0.1 $274k 12k 22.85
MasterCard Incorporated (MA) 0.1 $225k 335.00 671.64
Apple (AAPL) 0.1 $239k 501.00 477.05
iShares MSCI Japan Index 0.1 $245k 21k 11.89
Scripps Networks Interactive 0.1 $256k 3.3k 78.12
Aberdeen Asia-Pacific Income Fund (FAX) 0.1 $238k 39k 6.06
BlackRock Global Opportunities Equity Tr (BOE) 0.1 $225k 16k 13.98
Nuveen Dividend Advantage Municipal Fd 2 0.1 $259k 20k 12.95
Fort Dearborn Income Securities 0.1 $247k 18k 13.96
Allianzgi Nfj Divid Int Prem S cefs 0.1 $253k 15k 16.87
Western Union Company (WU) 0.1 $199k 11k 18.67
AutoZone (AZO) 0.1 $211k 500.00 422.00
Intuit (INTU) 0.1 $219k 3.3k 66.22
iShares MSCI Netherlands Investable (EWN) 0.1 $216k 9.1k 23.84
iShares MSCI Italy Index 0.1 $198k 14k 14.15
Ellington Financial 0.1 $202k 9.0k 22.44
Western Asset Global High Income Fnd (EHI) 0.1 $204k 17k 12.36
iShares MSCI Malaysia Index Fund 0.0 $179k 12k 15.08
MFS Charter Income Trust (MCR) 0.0 $179k 20k 8.95
Blackrock Res & Commodities Strategy Tr (BCX) 0.0 $174k 15k 11.60
Western Asset Municipal Hgh Incm Fnd (MHF) 0.0 $122k 18k 6.82