Global Endowment Management

Global Endowment Management as of March 31, 2014

Portfolio Holdings for Global Endowment Management

Global Endowment Management holds 233 positions in its portfolio as reported in the March 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Berkshire Hathaway (BRK.B) 11.9 $76M 610k 124.97
Zillow 5.0 $32M 364k 88.10
Spdr S&p 500 Etf (SPY) 3.2 $21M 110k 187.04
Trulia 2.3 $15M 437k 33.20
Oaktree Cap 1.4 $8.7M 150k 58.16
Vanguard Europe Pacific ETF (VEA) 1.3 $8.3M 200k 41.27
Vantagesouth Bancshares 1.3 $8.3M 1.2M 7.03
Vanguard Total Bond Market ETF (BND) 1.2 $8.0M 98k 81.19
Charles Schwab Corporation (SCHW) 0.9 $5.8M 214k 27.33
Google 0.9 $5.8M 5.2k 1114.44
Two Harbors Investment 0.8 $5.2M 507k 10.25
Vanguard Emerging Markets ETF (VWO) 0.8 $5.0M 122k 40.58
Wells Fargo & Company (WFC) 0.8 $4.8M 97k 49.74
Barrick Gold Corp (GOLD) 0.7 $4.6M 260k 17.83
Essex Property Trust (ESS) 0.7 $4.6M 27k 170.04
Equity Lifestyle Properties (ELS) 0.7 $4.6M 113k 40.65
Extra Space Storage (EXR) 0.7 $4.6M 95k 48.51
Cousins Properties 0.7 $4.5M 394k 11.47
BRE Properties 0.7 $4.5M 72k 62.79
Federal Realty Inv. Trust 0.7 $4.6M 40k 114.71
DCT Industrial Trust 0.7 $4.6M 578k 7.88
Prologis (PLD) 0.7 $4.5M 111k 40.83
Equity Residential (EQR) 0.7 $4.4M 77k 58.00
AvalonBay Communities (AVB) 0.7 $4.5M 34k 131.32
Vornado Realty Trust (VNO) 0.7 $4.4M 45k 98.56
Education Realty Trust 0.7 $4.5M 452k 9.87
Accelrys 0.7 $4.5M 358k 12.46
Alexandria Real Estate Equities (ARE) 0.7 $4.5M 62k 72.56
Boston Properties (BXP) 0.7 $4.5M 39k 114.53
Retail Properties Of America 0.7 $4.5M 332k 13.54
Healthcare Tr Amer Inc cl a 0.7 $4.5M 392k 11.39
Regency Centers Corporation (REG) 0.7 $4.4M 86k 51.06
FleetCor Technologies (FLT) 0.7 $4.4M 39k 115.09
Rlj Lodging Trust (RLJ) 0.7 $4.4M 166k 26.74
Violin Memory 0.7 $4.4M 1.1M 4.00
Post Properties 0.7 $4.3M 89k 49.10
Simon Property (SPG) 0.7 $4.3M 26k 163.99
WisdomTree Japan Total Dividend (DXJ) 0.7 $4.3M 92k 47.34
Sunstone Hotel Investors (SHO) 0.7 $4.3M 311k 13.73
United Rentals (URI) 0.7 $4.2M 44k 94.93
CBL & Associates Properties 0.7 $4.2M 239k 17.75
Nuveen Insured Tax-Free Adv Munici (NEA) 0.7 $4.2M 327k 12.94
Aeropostale 0.6 $4.1M 818k 5.02
Ventas (VTR) 0.6 $4.1M 68k 60.57
Goldcorp 0.6 $4.1M 166k 24.48
American Tower Reit (AMT) 0.6 $4.1M 50k 81.86
Fox News 0.6 $4.1M 131k 31.12
Tempur-Pedic International (TPX) 0.6 $4.0M 80k 50.66
Marathon Petroleum Corp (MPC) 0.6 $4.0M 46k 87.04
Pennsylvania R.E.I.T. 0.6 $4.0M 221k 18.05
DuPont Fabros Technology 0.6 $4.0M 165k 24.07
Plains All American Pipeline (PAA) 0.6 $3.8M 69k 55.12
TransDigm Group Incorporated (TDG) 0.6 $3.8M 21k 185.19
EQT Corporation (EQT) 0.6 $3.7M 38k 96.98
Newmont Mining Corporation (NEM) 0.6 $3.7M 156k 23.44
MFA Mortgage Investments 0.6 $3.6M 466k 7.75
Resolute Fst Prods In 0.6 $3.6M 180k 20.09
PennyMac Mortgage Investment Trust (PMT) 0.6 $3.5M 146k 23.90
Nuveen Div Adv Muni Fd 3 Ben Int (NZF) 0.6 $3.5M 267k 13.10
Shutterfly 0.5 $3.4M 81k 42.68
Vitesse Semiconductor Corporate 0.5 $3.5M 822k 4.20
Post Holdings Inc Common (POST) 0.5 $3.4M 61k 55.12
Actuant Corporation 0.5 $3.3M 97k 34.15
Anworth Mortgage Asset Corporation 0.5 $3.3M 665k 4.96
American Capital Mortgage In 0.5 $3.3M 178k 18.77
Time Warner Cable 0.5 $3.2M 24k 137.16
Nuveen Premium Income Muni Fund 2 0.5 $3.3M 243k 13.39
Nuveen Select Quality Municipal Fund 0.5 $3.3M 246k 13.24
NCR Corporation (VYX) 0.5 $3.2M 87k 36.56
Targa Resources Partners 0.5 $3.2M 56k 56.26
Nuveen Municipal Advantage Fund 0.5 $3.2M 247k 12.98
Apollo Residential Mortgage 0.5 $3.2M 198k 16.23
Rock-Tenn Company 0.5 $3.2M 30k 105.59
Nuveen Munpl Markt Opp Fund 0.5 $3.1M 244k 12.76
General Dynamics Corporation (GD) 0.5 $3.1M 28k 108.93
Macquarie Infrastructure Company 0.5 $3.1M 54k 57.28
Access Midstream Partners, L.p 0.5 $3.1M 53k 57.55
Utilities SPDR (XLU) 0.5 $3.0M 72k 41.46
Lpl Financial Holdings (LPLA) 0.5 $3.0M 57k 52.53
Sunoco Logistics Partners 0.5 $3.0M 33k 90.90
Nuveen Div. Advantage Muni. Fund (NAD) 0.5 $3.0M 221k 13.39
WESTERN GAS EQUITY Partners 0.5 $3.0M 60k 49.12
Wesco Aircraft Holdings 0.5 $2.9M 131k 22.01
Six Flags Entertainment (SIX) 0.4 $2.8M 70k 40.14
iShares MSCI United Kingdom Index 0.4 $2.8M 135k 20.59
Nuveen Dividend Advantage Municipal Fd 2 0.4 $2.8M 206k 13.50
Microsoft Corporation (MSFT) 0.4 $2.7M 67k 40.99
General Motors Company (GM) 0.4 $2.8M 81k 34.42
Magellan Midstream Partners 0.4 $2.7M 39k 69.74
Visteon Corporation (VC) 0.4 $2.7M 31k 88.43
Enterprise Products Partners (EPD) 0.4 $2.6M 38k 69.35
Nuveen Premium Income Municipal Fund 0.4 $2.6M 202k 13.11
Invesco Van Kampen Muni Opp Trust (VMO) 0.4 $2.5M 207k 12.20
Bank of America Corporation (BAC) 0.4 $2.5M 146k 17.20
Liberty Media 0.4 $2.5M 87k 28.87
Invesco Van Kampen Municipal Trust (VKQ) 0.4 $2.5M 206k 12.10
News (NWSA) 0.4 $2.5M 146k 17.22
Energy Select Sector SPDR (XLE) 0.4 $2.4M 27k 89.05
Ellington Financial 0.4 $2.4M 102k 23.82
Nuveen Quality Income Municipal Fund 0.4 $2.4M 181k 13.29
Invesco Van Kampen Trust For Inv Grd Mun (VGM) 0.4 $2.4M 184k 12.80
NuStar Energy (NS) 0.3 $2.2M 41k 54.95
Putnam Municipal Opportunities Trust (PMO) 0.3 $2.3M 198k 11.37
Nuveen Insured Quality Muncipal Fund 0.3 $2.2M 174k 12.76
Masonite International (DOOR) 0.3 $2.3M 40k 56.52
Western Gas Partners 0.3 $2.2M 33k 66.18
Guidance Software 0.3 $2.2M 195k 11.06
Plains Gp Hldgs L P shs a rep ltpn 0.3 $2.2M 78k 27.98
MarkWest Energy Partners 0.3 $2.1M 33k 65.31
Crestwood Eqty Ptrns Lp equs 0.3 $2.1M 154k 13.84
Oneok Partners 0.3 $2.0M 38k 53.54
Nuveen Insured Municipal Opp. Fund 0.3 $2.0M 143k 13.76
Nuveen Intermediate 0.3 $2.0M 165k 11.96
Kinder Morgan Management 0.3 $1.9M 27k 71.65
Atlas Pipeline Partners 0.3 $1.9M 59k 32.10
World Wrestling Entertainment 0.3 $1.9M 65k 28.88
Nuveen Performance Plus Municipal Fund 0.3 $1.9M 128k 14.47
Van Kampen Advantage Muni Incm Tr II (VKI) 0.3 $1.8M 168k 10.99
USD.001 Atlas Energy Lp ltd part 0.3 $1.8M 42k 43.05
PowerShares QQQ Trust, Series 1 0.3 $1.8M 20k 87.70
Nuveen Quality Pref. Inc. Fund II 0.3 $1.7M 200k 8.68
Targa Res Corp (TRGP) 0.3 $1.7M 17k 99.24
Invesco Van Kampen Cal Val Mun Inc Trust (VCV) 0.3 $1.7M 144k 11.80
Enlink Midstream Ptrs 0.3 $1.6M 54k 30.43
Hallmark Financial Services 0.2 $1.6M 193k 8.31
Blackrock Muniassets Fund (MUA) 0.2 $1.6M 130k 12.32
BlackRock MuniHolding Insured Investm 0.2 $1.6M 117k 13.40
Level 3 Communications 0.2 $1.6M 41k 39.14
Mplx (MPLX) 0.2 $1.6M 32k 49.00
Spectra Energy 0.2 $1.5M 41k 36.95
Williams Companies (WMB) 0.2 $1.5M 37k 40.57
W.R. Grace & Co. 0.2 $1.5M 15k 99.16
Nuveen Ins Ca Tx Fr Adv Mun (NKX) 0.2 $1.6M 117k 13.30
Vodafone Group New Adr F (VOD) 0.2 $1.5M 41k 36.81
Technology SPDR (XLK) 0.2 $1.5M 40k 36.35
Support 0.2 $1.5M 588k 2.55
Nuveen Insd Dividend Advantage (NVG) 0.2 $1.5M 110k 13.33
Blackrock Muniyield California Ins Fund 0.2 $1.5M 103k 14.48
Blackrock Build America Bond Trust (BBN) 0.2 $1.5M 73k 20.23
Crestwood Midstream Partners 0.2 $1.5M 64k 22.54
iShares MSCI Germany Index Fund (EWG) 0.2 $1.4M 46k 31.34
Cbre Clarion Global Real Estat re (IGR) 0.2 $1.4M 170k 8.35
Alpha Natural Resources 0.2 $1.3M 314k 4.25
Industrial SPDR (XLI) 0.2 $1.3M 26k 52.31
BlackRock Credit All Inc Trust IV (BTZ) 0.2 $1.4M 100k 13.52
Enlink Midstream (ENLC) 0.2 $1.3M 39k 33.93
Allianzgi Equity & Conv In 0.2 $1.3M 65k 19.45
Nuveen Investment Quality Munl Fund 0.2 $1.2M 87k 14.12
Energy Transfer Equity (ET) 0.2 $1.1M 24k 46.74
Semgroup Corp cl a 0.2 $1.1M 17k 65.66
Eaton Vance Municipal Bond Fund (EIM) 0.2 $998k 84k 11.88
Verizon Communications (VZ) 0.1 $936k 20k 47.58
Nuveen Maryland Premium Income Municipal 0.1 $943k 76k 12.39
Oneok (OKE) 0.1 $885k 15k 59.28
SPDR S&P Metals and Mining (XME) 0.1 $908k 22k 41.75
Putnam Managed Municipal Income Trust (PMM) 0.1 $891k 128k 6.96
Zais Financial 0.1 $871k 52k 16.65
Ellington Residential Mortga reit (EARN) 0.1 $890k 53k 16.92
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $830k 7.1k 116.90
Financial Select Sector SPDR (XLF) 0.1 $849k 38k 22.34
iShares MSCI Switzerland Index Fund (EWL) 0.1 $860k 25k 34.33
Nuveen Mortgage opportunity trm fd2 0.1 $817k 35k 23.34
iShares MSCI Canada Index (EWC) 0.1 $735k 25k 29.53
Morgan Stanley Emerging Markets Domestic (EDD) 0.1 $787k 60k 13.12
PowerShares Build America Bond Portfolio 0.1 $722k 25k 28.76
Nuveen Multi-Strategy Income & Growth (JPC) 0.1 $704k 76k 9.29
Wisdomtree Tr intl hedge eqt (HEDJ) 0.1 $729k 13k 56.51
MCG Capital Corporation 0.1 $644k 170k 3.79
Putnam Premier Income Trust (PPT) 0.1 $664k 120k 5.53
Nuveen Premier Mun Income 0.1 $645k 49k 13.14
Doubleline Income Solutions (DSL) 0.1 $637k 30k 21.23
Solar Cap (SLRC) 0.1 $592k 27k 21.76
SPDR Gold Trust (GLD) 0.1 $544k 4.4k 123.64
Consumer Discretionary SPDR (XLY) 0.1 $544k 8.4k 64.76
Eaton Vance Tax-Managed Global Dive Eq (EXG) 0.1 $505k 50k 10.10
Nuveen Qual Preferred Inc. Fund III 0.1 $502k 60k 8.37
Blackrock Res & Commodities Strategy Tr (BCX) 0.1 $495k 43k 11.51
Cohen & Steers infrastucture Fund (UTF) 0.1 $442k 20k 22.10
Invesco Mortgage Capital 0.1 $450k 27k 16.48
BlackRock Global Energy & Resources Trus (BGR) 0.1 $459k 19k 24.16
Central Gold-Trust 0.1 $452k 10k 45.20
AutoZone (AZO) 0.1 $365k 680.00 536.76
Douglas Emmett (DEI) 0.1 $398k 15k 27.17
Hatteras Financial 0.1 $377k 20k 18.85
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.1 $407k 4.0k 101.75
iShares MSCI Sweden Index (EWD) 0.1 $406k 11k 36.61
Invesco Municipal Income Opp Trust (OIA) 0.1 $382k 58k 6.60
Caesars Entertainment 0.1 $362k 19k 19.01
Apple (AAPL) 0.1 $327k 610.00 536.07
International Business Machines (IBM) 0.1 $335k 1.7k 192.53
Oracle Corporation (ORCL) 0.1 $317k 7.8k 40.90
American Capital 0.1 $316k 20k 15.80
Hormel Foods Corporation (HRL) 0.1 $288k 5.9k 49.23
Intuit (INTU) 0.1 $314k 4.0k 77.72
Scripps Networks Interactive 0.1 $299k 3.9k 75.89
Ishares Tr Phill Invstmrk (EPHE) 0.1 $341k 10k 34.10
iShares MSCI France Index (EWQ) 0.1 $315k 11k 29.25
BLACKROCK INTL GRWTH & INC T COM Bene Inter (BGY) 0.1 $289k 36k 8.05
Abbott Laboratories (ABT) 0.0 $265k 6.9k 38.57
3M Company (MMM) 0.0 $241k 1.8k 135.39
Mattel (MAT) 0.0 $247k 6.2k 40.16
Intel Corporation (INTC) 0.0 $248k 9.6k 25.78
C.R. Bard 0.0 $259k 1.8k 148.00
Rockwell Collins 0.0 $268k 3.4k 79.53
Campbell Soup Company (CPB) 0.0 $242k 5.4k 44.90
Altria (MO) 0.0 $272k 7.3k 37.36
Philip Morris International (PM) 0.0 $264k 3.2k 81.99
Sigma-Aldrich Corporation 0.0 $247k 2.7k 93.21
Texas Instruments Incorporated (TXN) 0.0 $267k 5.7k 47.09
Qualcomm (QCOM) 0.0 $234k 3.0k 78.79
Clorox Company (CLX) 0.0 $233k 2.7k 87.92
Visa (V) 0.0 $244k 1.1k 215.93
iShares MSCI Japan Index 0.0 $233k 21k 11.31
BlackRock Income Trust 0.0 $269k 41k 6.51
iShares MSCI Turkey Index Fund (TUR) 0.0 $243k 5.0k 48.60
BlackRock Global Opportunities Equity Tr (BOE) 0.0 $236k 16k 14.66
iShares MSCI Singapore Index Fund 0.0 $255k 20k 13.05
iShares MSCI Netherlands Investable (EWN) 0.0 $237k 9.1k 26.16
iShares MSCI Italy Index 0.0 $248k 14k 17.73
Fort Dearborn Income Securities 0.0 $255k 18k 14.41
Nuveen Energy Mlp Total Return etf 0.0 $230k 12k 19.17
First Tr Energy Infrastrctr (FIF) 0.0 $252k 12k 21.00
Emerson Electric (EMR) 0.0 $222k 3.3k 66.87
iShares MSCI Malaysia Index Fund 0.0 $186k 12k 15.67
Flaherty & Crumrine/Claymore Preferred S (FFC) 0.0 $192k 10k 19.20
Western Asset Emerging Mrkts Dbt Fnd (EMD) 0.0 $174k 10k 17.40
MFS Charter Income Trust (MCR) 0.0 $183k 20k 9.15
BlackRock Real Asset Trust 0.0 $187k 21k 8.90
Western Asset Global High Income Fnd (EHI) 0.0 $203k 17k 12.30
Kinder Morgan Inc/delaware Wts 0.0 $174k 99k 1.76
Western Asset Municipal Hgh Incm Fnd (MHF) 0.0 $125k 18k 6.98
MFS Investment Grade Municipal Trust (CXH) 0.0 $108k 12k 9.00
Morgan Stanley Emerging Markets Debt (MSD) 0.0 $99k 10k 9.90