Global Endowment Management

Global Endowment Management as of March 31, 2013

Portfolio Holdings for Global Endowment Management

Global Endowment Management holds 139 positions in its portfolio as reported in the March 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Berkshire Hathaway (BRK.B) 15.9 $59M 570k 104.20
Market Vectors Gold Miners ETF 4.2 $16M 420k 37.85
Zillow 3.6 $14M 247k 54.67
Vanguard Total Bond Market ETF (BND) 3.1 $12M 140k 83.64
Oaktree Cap 2.0 $7.7M 150k 51.02
Trulia 2.0 $7.5M 239k 31.38
Facebook Inc cl a (META) 2.0 $7.3M 286k 25.58
Magellan Midstream Partners 1.9 $7.3M 137k 53.43
Enterprise Products Partners (EPD) 1.9 $7.1M 118k 60.29
Spdr S&p 500 Etf (SPY) 1.8 $6.6M 42k 156.54
Plains All American Pipeline (PAA) 1.5 $5.5M 98k 56.48
El Paso Pipeline Partners 1.4 $5.3M 120k 43.86
Energy Transfer Partners 1.4 $5.2M 103k 50.69
Google 1.4 $5.1M 6.5k 793.94
Semgroup Corp cl a 1.3 $4.9M 95k 51.72
Oneok Partners 1.3 $4.7M 82k 57.40
MarkWest Energy Partners 1.2 $4.4M 73k 60.75
Kinder Morgan Management 1.2 $4.4M 50k 87.86
General Dynamics Corporation (GD) 1.0 $3.9M 55k 70.51
Macquarie Infrastructure Company 1.0 $3.7M 68k 54.03
Wells Fargo & Company (WFC) 1.0 $3.6M 97k 36.99
Charter Communications 0.9 $3.6M 34k 104.17
Williams Companies (WMB) 0.9 $3.4M 91k 37.46
Interactive Intelligence Group 0.9 $3.3M 75k 44.35
Utilities SPDR (XLU) 0.8 $3.2M 82k 39.05
Six Flags Entertainment (SIX) 0.8 $3.2M 44k 72.48
Phillips 66 (PSX) 0.8 $2.9M 42k 69.98
Targa Res Corp (TRGP) 0.8 $2.8M 42k 67.97
FleetCor Technologies 0.8 $2.8M 36k 76.68
Western Gas Partners 0.7 $2.8M 47k 59.41
Resolute Fst Prods In 0.7 $2.7M 169k 16.18
Mplx (MPLX) 0.7 $2.7M 71k 37.45
Coinstar 0.7 $2.6M 45k 58.43
Rock-Tenn Company 0.7 $2.6M 28k 92.79
WESTERN GAS EQUITY Partners 0.7 $2.5M 74k 34.22
American International (AIG) 0.7 $2.5M 64k 38.82
Kinder Morgan (KMI) 0.7 $2.4M 63k 38.68
Liberty Global 0.6 $2.4M 33k 73.41
Enbridge (ENB) 0.6 $2.4M 52k 46.55
Enbridge Energy Management 0.6 $2.4M 79k 30.23
Williams Partners 0.6 $2.4M 46k 51.80
PS Business Parks 0.6 $2.4M 30k 78.93
News Corporation 0.6 $2.3M 74k 30.76
TransDigm Group Incorporated (TDG) 0.6 $2.3M 15k 152.95
Healthcare Tr Amer Inc cl a 0.6 $2.3M 196k 11.75
Calpine Corporation 0.6 $2.2M 109k 20.60
Health Care REIT 0.6 $2.2M 33k 67.90
Equity Lifestyle Properties (ELS) 0.6 $2.2M 29k 76.81
Regency Centers Corporation (REG) 0.6 $2.2M 42k 52.91
Equity One 0.6 $2.2M 92k 23.97
SL Green Realty 0.6 $2.2M 25k 86.10
Corrections Corporation of America 0.6 $2.2M 56k 39.07
BioMed Realty Trust 0.6 $2.2M 101k 21.60
Host Hotels & Resorts (HST) 0.6 $2.1M 122k 17.49
CBL & Associates Properties 0.6 $2.1M 91k 23.60
Msci (MSCI) 0.6 $2.1M 61k 33.93
Douglas Emmett (DEI) 0.6 $2.1M 84k 24.93
Extra Space Storage (EXR) 0.6 $2.1M 53k 39.27
Lear Corporation (LEA) 0.6 $2.0M 37k 54.87
Te Connectivity Ltd for 0.6 $2.0M 49k 41.93
Udr (UDR) 0.5 $2.0M 83k 24.20
Oracle Corporation (ORCL) 0.5 $2.0M 62k 32.34
DiamondRock Hospitality Company (DRH) 0.5 $2.0M 214k 9.31
Liberty Property Trust 0.5 $2.0M 50k 39.74
Simon Property (SPG) 0.5 $2.0M 13k 158.54
American Tower Reit (AMT) 0.5 $2.0M 26k 76.94
American Campus Communities 0.5 $1.9M 43k 45.34
Accelrys 0.5 $2.0M 200k 9.76
Taubman Centers 0.5 $1.9M 25k 77.66
Equity Residential (EQR) 0.5 $1.9M 35k 55.06
Energy Transfer Equity (ET) 0.5 $1.9M 33k 58.49
LaSalle Hotel Properties 0.5 $1.9M 75k 25.39
Guidance Software 0.5 $1.9M 178k 10.85
Bank of America Corporation (BAC) 0.5 $1.9M 153k 12.18
AvalonBay Communities (AVB) 0.5 $1.9M 15k 126.69
Vornado Realty Trust (VNO) 0.5 $1.9M 22k 83.66
Energy Select Sector SPDR (XLE) 0.5 $1.9M 23k 79.33
Boston Properties (BXP) 0.5 $1.9M 19k 101.07
Shutterfly 0.5 $1.9M 43k 44.18
Intl Fcstone 0.5 $1.9M 106k 17.41
Access Midstream Partners, L.p 0.5 $1.8M 44k 40.37
Colgate-Palmolive Company (CL) 0.5 $1.7M 15k 118.06
American Express Company (AXP) 0.5 $1.7M 25k 67.47
NuStar GP Holdings 0.5 $1.7M 53k 32.50
Teekay Offshore Partners 0.5 $1.7M 57k 30.19
Hallmark Financial Services 0.5 $1.7M 193k 9.00
Tempur-Pedic International (SGI) 0.5 $1.7M 34k 49.64
Inergy 0.4 $1.7M 81k 20.43
Oneok (OKE) 0.4 $1.6M 35k 47.66
Uti Worldwide 0.4 $1.6M 110k 14.48
iShares MSCI United Kingdom Index 0.4 $1.6M 85k 18.27
Citigroup (C) 0.4 $1.5M 35k 44.25
Signet Jewelers (SIG) 0.4 $1.5M 22k 67.00
Support 0.4 $1.4M 333k 4.18
Level 3 Communications 0.4 $1.4M 68k 20.29
Alpha Natural Resources 0.3 $1.1M 136k 8.21
iShares MSCI Germany Index Fund (EWG) 0.3 $1.1M 46k 24.47
SPDR Nuveen Barclays Capital Municpl Bnd 0.3 $1.1M 45k 24.05
Heckmann Corporation 0.3 $1.0M 236k 4.29
W.R. Grace & Co. 0.2 $946k 12k 77.54
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.2 $851k 7.1k 119.86
PowerShares Build America Bond Portfolio 0.2 $760k 25k 30.28
iShares MSCI Switzerland Index Fund (EWL) 0.2 $735k 25k 29.34
iShares MSCI Canada Index (EWC) 0.2 $710k 25k 28.53
Solar Cap (SLRC) 0.2 $639k 27k 23.49
PowerShares QQQ Trust, Series 1 0.2 $592k 8.6k 68.92
Thomas Properties 0.1 $513k 100k 5.13
Putnam Premier Income Trust (PPT) 0.1 $526k 95k 5.54
Financial Select Sector SPDR (XLF) 0.1 $483k 27k 18.18
Eaton Vance Tax-Managed Global Dive Eq (EXG) 0.1 $466k 50k 9.32
Blackrock Build America Bond Trust (BBN) 0.1 $450k 20k 22.50
Market Vectors Agribusiness 0.1 $425k 7.9k 54.10
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.1 $429k 4.0k 107.25
iShares Lehman MBS Bond Fund (MBB) 0.1 $394k 3.7k 107.95
Nuveen Div Adv Muni Fd 3 Ben Int (NZF) 0.1 $426k 29k 14.95
SPDR Gold Trust (GLD) 0.1 $371k 2.4k 154.58
Consumer Discretionary SPDR (XLY) 0.1 $359k 6.8k 53.03
iShares MSCI Sweden Index (EWD) 0.1 $361k 11k 32.55
MCG Capital Corporation 0.1 $326k 68k 4.77
SPDR S&P Metals and Mining (XME) 0.1 $337k 8.4k 40.35
iShares FTSE/Xinhua China 25 Index (FXI) 0.1 $306k 8.3k 36.91
Greenlight Capital Re Ltd cl a (GLRE) 0.1 $293k 12k 24.42
Industrial SPDR (XLI) 0.1 $308k 7.4k 41.73
BlackRock Global Energy & Resources Trus (BGR) 0.1 $300k 12k 25.86
Ishares Tr msci russ indx 0.1 $308k 14k 22.00
Credit Suisse Nassau Brh etn lkd 32 0.1 $311k 10k 31.10
iShares MSCI Singapore Index Fund 0.1 $273k 20k 13.97
iShares MSCI France Index (EWQ) 0.1 $250k 11k 23.21
BLACKROCK INTL GRWTH & INC T COM Bene Inter (BGY) 0.1 $274k 36k 7.63
Allianzgi Nfj Divid Int Prem S cefs 0.1 $252k 15k 16.80
iShares MSCI Japan Index 0.1 $222k 21k 10.78
BlackRock Global Opportunities Equity Tr (BOE) 0.1 $223k 16k 13.85
Nuveen Dividend Advantage Municipal Fd 2 0.1 $228k 15k 15.20
Sunstone Hotel Investors (SHO) 0.1 $183k 15k 12.31
iShares MSCI Malaysia Index Fund 0.1 $178k 12k 15.00
iShares MSCI Italy Index 0.0 $165k 14k 11.79
Nuveen Quality Pref. Inc. Fund II 0.0 $141k 15k 9.40
Nuveen Qual Preferred Inc. Fund III 0.0 $136k 15k 9.07
BlackRock Income Trust 0.0 $91k 13k 7.22