Global Endowment Management

Global Endowment Management as of Dec. 31, 2013

Portfolio Holdings for Global Endowment Management

Global Endowment Management holds 219 positions in its portfolio as reported in the December 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Berkshire Hathaway (BRK.B) 10.5 $52M 439k 118.56
Zillow 5.9 $29M 358k 81.73
Spdr S&p 500 Etf (SPY) 2.8 $14M 75k 184.69
Trulia 2.6 $13M 372k 35.27
Oaktree Cap 1.8 $8.8M 150k 58.84
Google 1.7 $8.6M 7.7k 1120.80
Vanguard Total Bond Market ETF (BND) 1.6 $7.9M 98k 79.99
American International (AIG) 0.9 $4.6M 90k 51.05
Aberdeen Asia-Pacific Income Fund 0.9 $4.6M 800k 5.76
Barrick Gold Corp (GOLD) 0.9 $4.5M 258k 17.63
Wells Fargo & Company (WFC) 0.9 $4.4M 96k 45.40
Time Warner Cable 0.8 $4.2M 31k 135.49
FleetCor Technologies 0.8 $4.2M 36k 117.16
Plains All American Pipeline (PAA) 0.8 $4.0M 78k 51.77
Corporate Executive Board Company 0.8 $3.9M 51k 77.43
Nuveen Insured Tax-Free Adv Munici (NEA) 0.8 $3.9M 327k 12.04
Fox News 0.8 $3.9M 113k 34.60
Lear Corporation (LEA) 0.8 $3.9M 48k 80.96
TransDigm Group Incorporated (TDG) 0.8 $3.8M 24k 161.02
Resolute Fst Prods In 0.8 $3.7M 233k 16.02
Actuant Corporation 0.7 $3.6M 100k 36.64
Access Midstream Partners, L.p 0.7 $3.6M 64k 56.58
Newmont Mining Corporation (NEM) 0.7 $3.6M 155k 23.03
Goldcorp 0.7 $3.6M 165k 21.67
Liberty Global Inc Com Ser A 0.7 $3.6M 40k 89.00
Targa Resources Partners 0.7 $3.5M 67k 52.30
Accelrys 0.7 $3.5M 364k 9.54
General Dynamics Corporation (GD) 0.7 $3.4M 35k 95.56
Tempur-Pedic International (SGI) 0.7 $3.3M 61k 53.96
Nuveen Div Adv Muni Fd 3 Ben Int (NZF) 0.7 $3.3M 267k 12.35
Charles Schwab Corporation (SCHW) 0.7 $3.3M 126k 26.00
Charter Communications 0.7 $3.3M 24k 136.78
Wesco Aircraft Holdings 0.7 $3.2M 148k 21.92
Six Flags Entertainment (SIX) 0.7 $3.2M 88k 36.82
Signet Jewelers (SIG) 0.6 $3.2M 40k 78.71
Facebook Inc cl a (META) 0.6 $3.1M 57k 54.66
Magellan Midstream Partners 0.6 $3.1M 48k 63.27
Nuveen Premium Income Muni Fund 2 0.6 $3.1M 243k 12.55
Nuveen Select Quality Municipal Fund 0.6 $3.1M 246k 12.40
Lpl Financial Holdings (LPLA) 0.6 $3.1M 65k 47.03
Sunoco Logistics Partners 0.6 $3.0M 40k 75.48
Nuveen Municipal Advantage Fund 0.6 $3.0M 247k 12.16
Enterprise Products Partners (EPD) 0.6 $3.0M 45k 66.30
American Capital 0.6 $2.9M 187k 15.64
Nuveen Munpl Markt Opp Fund 0.6 $2.9M 244k 12.00
Outerwall 0.6 $2.9M 43k 67.27
Rock-Tenn Company 0.6 $2.8M 27k 105.00
United Rentals (URI) 0.6 $2.8M 36k 77.94
Vodafone 0.6 $2.8M 70k 39.30
Macquarie Infrastructure Company 0.6 $2.8M 51k 54.43
Nuveen Div. Advantage Muni. Fund (NAD) 0.6 $2.8M 221k 12.59
Utilities SPDR (XLU) 0.6 $2.7M 72k 37.97
General Motors Company (GM) 0.6 $2.7M 67k 40.87
WESTERN GAS EQUITY Partners 0.5 $2.7M 68k 39.51
Nuveen Dividend Advantage Municipal Fd 2 0.5 $2.6M 206k 12.69
Bank of America Corporation (BAC) 0.5 $2.5M 163k 15.57
Nuveen Premium Income Municipal Fund 0.5 $2.5M 202k 12.33
Invesco Van Kampen Muni Opp Trust (VMO) 0.5 $2.4M 207k 11.71
News (NWSA) 0.5 $2.4M 135k 18.02
Invesco Van Kampen Municipal Trust (VKQ) 0.5 $2.4M 206k 11.59
Pennsylvania R.E.I.T. 0.5 $2.3M 123k 18.98
Oneok Partners 0.5 $2.3M 45k 52.66
USD.001 Atlas Energy Lp ltd part 0.5 $2.3M 50k 46.85
Host Hotels & Resorts (HST) 0.5 $2.3M 118k 19.44
Atlas Pipeline Partners 0.5 $2.3M 64k 35.06
Western Gas Partners 0.5 $2.3M 37k 61.68
Post Properties 0.5 $2.3M 51k 45.24
Guidance Software 0.5 $2.3M 224k 10.10
Liberty Property Trust 0.5 $2.3M 68k 33.87
Vitesse Semiconductor Corporate 0.5 $2.3M 781k 2.92
Equity Residential (EQR) 0.5 $2.3M 43k 51.88
Liberty Media 0.5 $2.2M 75k 29.35
AvalonBay Communities (AVB) 0.5 $2.2M 19k 118.25
Highwoods Properties (HIW) 0.5 $2.2M 61k 36.16
DiamondRock Hospitality Company (DRH) 0.5 $2.2M 193k 11.55
Education Realty Trust 0.5 $2.2M 251k 8.82
Equity Lifestyle Properties (ELS) 0.5 $2.2M 61k 36.24
Simon Property (SPG) 0.5 $2.2M 15k 152.13
Invesco Van Kampen Trust For Inv Grd Mun (VGM) 0.5 $2.2M 184k 12.18
Nuveen Quality Income Municipal Fund 0.5 $2.2M 181k 12.25
American Tower Reit (AMT) 0.5 $2.2M 28k 79.82
Plains Gp Hldgs L P shs a rep ltpn 0.5 $2.2M 83k 26.77
Kinder Morgan Management 0.4 $2.2M 29k 75.66
Ventas (VTR) 0.4 $2.2M 38k 57.28
American Campus Communities 0.4 $2.2M 68k 32.21
Kilroy Realty Corporation (KRC) 0.4 $2.2M 43k 50.17
NuStar Energy 0.4 $2.2M 42k 50.99
Alexandria Real Estate Equities (ARE) 0.4 $2.2M 34k 63.63
Boston Properties (BXP) 0.4 $2.2M 22k 100.37
Equity One 0.4 $2.2M 97k 22.44
Udr (UDR) 0.4 $2.2M 94k 23.35
MarkWest Energy Partners 0.4 $2.1M 33k 66.14
PS Business Parks 0.4 $2.1M 28k 76.41
HCP 0.4 $2.1M 59k 36.33
Taubman Centers 0.4 $2.1M 33k 63.91
Shutterfly 0.4 $2.1M 42k 50.93
Putnam Municipal Opportunities Trust (PMO) 0.4 $2.1M 198k 10.74
Crestwood Eqty Ptrns Lp equs 0.4 $2.2M 156k 13.83
Acadia Realty Trust (AKR) 0.4 $2.1M 84k 24.83
Nuveen Insured Quality Muncipal Fund 0.4 $2.1M 174k 12.08
Ddr Corp 0.4 $2.1M 136k 15.37
Energy Select Sector SPDR (XLE) 0.4 $1.9M 22k 88.51
Sunstone Hotel Investors (SHO) 0.4 $1.9M 145k 13.40
Tripadvisor (TRIP) 0.4 $1.9M 24k 82.85
Support 0.4 $1.9M 494k 3.79
Nuveen Insured Municipal Opp. Fund 0.4 $1.9M 143k 13.22
Targa Res Corp (TRGP) 0.4 $1.9M 21k 88.18
Mplx (MPLX) 0.4 $1.9M 42k 44.55
Nuveen Intermediate 0.4 $1.9M 165k 11.51
American Express Company (AXP) 0.4 $1.8M 19k 90.72
Spectra Energy 0.4 $1.8M 50k 35.62
Crosstex Energy 0.4 $1.8M 50k 36.15
Tanger Factory Outlet Centers (SKT) 0.4 $1.8M 56k 32.02
PowerShares QQQ Trust, Series 1 0.4 $1.8M 20k 87.95
iShares MSCI United Kingdom Index 0.4 $1.8M 85k 20.88
Van Kampen Advantage Muni Incm Tr II (VKI) 0.4 $1.8M 168k 10.52
Williams Companies (WMB) 0.3 $1.7M 45k 38.58
Crosstex Energy 0.3 $1.7M 63k 27.60
Hallmark Financial Services 0.3 $1.7M 193k 8.88
Nuveen Performance Plus Municipal Fund 0.3 $1.7M 128k 13.53
Invesco Van Kampen Cal Val Mun Inc Trust (VCV) 0.3 $1.7M 146k 11.40
Crestwood Midstream Partners 0.3 $1.7M 68k 24.89
Nuveen Quality Pref. Inc. Fund II 0.3 $1.6M 200k 8.14
Level 3 Communications 0.3 $1.6M 49k 33.17
Two Harbors Investment 0.3 $1.5M 162k 9.28
Blackrock Muniassets Fund (MUA) 0.3 $1.5M 130k 11.55
BlackRock MuniHolding Insured Investm 0.3 $1.5M 117k 12.52
iShares MSCI Germany Index Fund (EWG) 0.3 $1.4M 46k 31.76
Nuveen Ins Ca Tx Fr Adv Mun (NKX) 0.3 $1.4M 117k 12.17
W.R. Grace & Co. 0.3 $1.4M 14k 98.85
Nuveen Insd Dividend Advantage (NVG) 0.3 $1.4M 110k 12.52
Blackrock Muniyield California Ins Fund 0.3 $1.4M 103k 13.64
Blackrock Build America Bond Trust (BBN) 0.3 $1.4M 73k 19.15
Cbre Clarion Global Real Estat re (IGR) 0.3 $1.3M 170k 7.92
BlackRock Credit All Inc Trust IV (BTZ) 0.3 $1.3M 100k 13.06
Semgroup Corp cl a 0.3 $1.3M 20k 65.23
Alpha Natural Resources 0.2 $1.2M 174k 7.14
Oneok (OKE) 0.2 $1.2M 20k 62.17
Allianzgi Equity & Conv In 0.2 $1.2M 63k 19.53
Nuveen Investment Quality Munl Fund 0.2 $1.2M 87k 13.53
Energy Transfer Equity (ET) 0.2 $1.2M 14k 81.73
Industrial SPDR (XLI) 0.2 $1.0M 20k 52.27
Eaton Vance Municipal Bond Fund (EIM) 0.2 $949k 84k 11.30
Technology SPDR (XLK) 0.2 $876k 25k 35.76
SPDR S&P Metals and Mining (XME) 0.2 $915k 22k 42.07
Nuveen Maryland Premium Income Municipal 0.2 $908k 76k 11.93
Financial Select Sector SPDR (XLF) 0.2 $831k 38k 21.87
iShares MSCI Switzerland Index Fund (EWL) 0.2 $826k 25k 32.97
Putnam Managed Municipal Income Trust (PMM) 0.2 $850k 128k 6.64
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.2 $811k 7.1k 114.23
Morgan Stanley Emerging Markets Domestic (EDD) 0.2 $781k 60k 13.02
Nuveen Mortgage opportunity trm fd2 0.2 $804k 35k 22.97
Cme (CME) 0.1 $741k 9.4k 78.49
iShares MSCI Canada Index (EWC) 0.1 $726k 25k 29.17
AllianceBernstein Income Fund 0.1 $713k 100k 7.13
PowerShares Build America Bond Portfolio 0.1 $685k 25k 27.29
Nuveen Multi-Strategy Income & Growth (JPC) 0.1 $672k 76k 8.87
MCG Capital Corporation 0.1 $660k 150k 4.40
Putnam Premier Income Trust (PPT) 0.1 $653k 120k 5.44
Doubleline Income Solutions (DSL) 0.1 $633k 30k 21.10
Solar Cap (SLRC) 0.1 $613k 27k 22.54
Nuveen Premier Mun Income 0.1 $607k 49k 12.36
Consumer Discretionary SPDR (XLY) 0.1 $561k 8.4k 66.79
Eaton Vance Tax-Managed Global Dive Eq (EXG) 0.1 $500k 50k 10.00
Nuveen Qual Preferred Inc. Fund III 0.1 $471k 60k 7.85
Blackrock Res & Commodities Strategy Tr (BCX) 0.1 $498k 43k 11.58
BlackRock Global Energy & Resources Trus (BGR) 0.1 $462k 19k 24.32
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.1 $397k 4.0k 99.25
Cohen & Steers infrastucture Fund (UTF) 0.1 $412k 20k 20.60
Invesco Mortgage Capital 0.1 $401k 27k 14.69
iShares MSCI Sweden Index (EWD) 0.1 $397k 11k 35.80
Central Gold-Trust 0.1 $415k 10k 41.50
Kinder Morgan Inc/delaware Wts 0.1 $400k 99k 4.06
Apple (AAPL) 0.1 $342k 610.00 560.66
International Business Machines (IBM) 0.1 $326k 1.7k 187.36
Accenture (ACN) 0.1 $326k 4.0k 82.32
AutoZone (AZO) 0.1 $325k 680.00 477.94
Scripps Networks Interactive 0.1 $340k 3.9k 86.29
Hatteras Financial 0.1 $327k 20k 16.35
Invesco Municipal Income Opp Trust (OIA) 0.1 $359k 58k 6.20
Mattel (MAT) 0.1 $293k 6.2k 47.64
Altria (MO) 0.1 $279k 7.3k 38.32
Philip Morris International (PM) 0.1 $281k 3.2k 87.27
Oracle Corporation (ORCL) 0.1 $297k 7.8k 38.32
SPDR Gold Trust (GLD) 0.1 $279k 2.4k 116.25
Intuit (INTU) 0.1 $308k 4.0k 76.24
iShares MSCI France Index (EWQ) 0.1 $306k 11k 28.41
BLACKROCK INTL GRWTH & INC T COM Bene Inter (BGY) 0.1 $292k 36k 8.13
Abbott Laboratories (ABT) 0.1 $263k 6.9k 38.28
3M Company (MMM) 0.1 $250k 1.8k 140.45
Intel Corporation (INTC) 0.1 $250k 9.6k 25.99
C.R. Bard 0.1 $234k 1.8k 133.71
Emerson Electric (EMR) 0.1 $233k 3.3k 70.18
Endo Pharmaceuticals 0.1 $266k 3.9k 67.51
Rockwell Collins 0.1 $249k 3.4k 73.89
Campbell Soup Company (CPB) 0.1 $233k 5.4k 43.23
Sigma-Aldrich Corporation 0.1 $249k 2.7k 93.96
Texas Instruments Incorporated (TXN) 0.1 $249k 5.7k 43.92
Clorox Company (CLX) 0.1 $246k 2.7k 92.83
Visa (V) 0.1 $252k 1.1k 223.01
iShares MSCI Japan Index 0.1 $250k 21k 12.14
Hormel Foods Corporation (HRL) 0.1 $264k 5.9k 45.13
BlackRock Income Trust 0.1 $268k 41k 6.49
BlackRock Global Opportunities Equity Tr (BOE) 0.1 $241k 16k 14.97
iShares MSCI Singapore Index Fund 0.1 $257k 20k 13.15
iShares MSCI Netherlands Investable (EWN) 0.1 $235k 9.1k 25.94
Fort Dearborn Income Securities 0.1 $244k 18k 13.79
Qualcomm (QCOM) 0.0 $221k 3.0k 74.41
SL Green Realty 0.0 $200k 2.2k 92.59
iShares MSCI Malaysia Index Fund 0.0 $188k 12k 15.84
Flaherty & Crumrine/Claymore Preferred S (FFC) 0.0 $175k 10k 17.50
MFS Charter Income Trust (MCR) 0.0 $181k 20k 9.05
iShares MSCI Italy Index 0.0 $218k 14k 15.58
Ellington Financial 0.0 $204k 9.0k 22.67
Western Asset Global High Income Fnd (EHI) 0.0 $202k 17k 12.24
Western Asset Emerging Mrkts Dbt Fnd (EMD) 0.0 $172k 10k 17.20
Western Asset Municipal Hgh Incm Fnd (MHF) 0.0 $120k 18k 6.70
MFS Investment Grade Municipal Trust (CXH) 0.0 $103k 12k 8.58
Morgan Stanley Emerging Markets Debt (MSD) 0.0 $95k 10k 9.50