Global Endowment Management

Global Endowment Management as of Sept. 30, 2014

Portfolio Holdings for Global Endowment Management

Global Endowment Management holds 250 positions in its portfolio as reported in the September 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Berkshire Hathaway (BRK.B) 7.8 $51M 366k 138.14
Zillow 7.0 $46M 393k 115.99
Trulia 3.7 $24M 493k 48.90
Spdr S&p 500 Etf (SPY) 3.3 $22M 110k 197.02
Amazon (AMZN) 2.9 $19M 59k 322.43
Oaktree Cap 2.6 $17M 332k 51.10
Yadkin Finl Corp 2.0 $13M 724k 18.16
Violin Memory 1.7 $11M 2.3M 4.87
Genpact (G) 1.7 $11M 670k 16.32
Vanguard Total Bond Market ETF (BND) 1.2 $8.0M 98k 81.93
Vanguard Europe Pacific ETF (VEA) 1.2 $8.0M 200k 39.75
News (NWSA) 0.9 $6.2M 381k 16.35
Vanguard Emerging Markets ETF (VWO) 0.9 $5.6M 134k 41.71
WisdomTree Japan Total Dividend (DXJ) 0.8 $5.4M 104k 52.32
Two Harbors Investment 0.8 $4.9M 507k 9.67
Teekay Shipping Marshall Isl 0.7 $4.7M 72k 66.36
Shutterfly 0.7 $4.7M 96k 48.74
General Dynamics Corporation (GD) 0.7 $4.4M 35k 127.10
FleetCor Technologies 0.7 $4.3M 30k 142.11
TransDigm Group Incorporated (TDG) 0.6 $4.1M 23k 184.31
Post Properties 0.6 $4.1M 81k 51.33
American Tower Reit (AMT) 0.6 $4.1M 44k 93.63
Barrick Gold Corp (GOLD) 0.6 $4.0M 276k 14.66
Wells Fargo & Company (WFC) 0.6 $4.0M 77k 51.87
Yelp Inc cl a (YELP) 0.6 $4.1M 60k 68.25
Grubhub 0.6 $4.0M 118k 34.24
NCR Corporation (VYX) 0.6 $4.0M 118k 33.41
Kofax 0.6 $4.0M 518k 7.74
Health Care REIT 0.6 $3.9M 63k 62.37
Strategic Hotels & Resorts 0.6 $3.9M 335k 11.65
Simon Property (SPG) 0.6 $3.9M 24k 164.43
Six Flags Entertainment (SIX) 0.6 $3.9M 114k 34.39
Apartment Investment and Management 0.6 $3.9M 122k 31.82
Equity Residential (EQR) 0.6 $3.8M 62k 61.59
Tibco Software 0.6 $3.8M 163k 23.63
Goldcorp 0.6 $3.8M 166k 23.03
Federal Realty Inv. Trust 0.6 $3.8M 32k 118.47
Boston Properties (BXP) 0.6 $3.9M 33k 115.77
Douglas Emmett (DEI) 0.6 $3.8M 147k 25.67
Tempur-Pedic International (SGI) 0.6 $3.8M 67k 56.16
Equity Lifestyle Properties (ELS) 0.6 $3.8M 89k 42.36
Kimco Realty Corporation (KIM) 0.6 $3.8M 171k 21.91
Camden Property Trust (CPT) 0.6 $3.8M 55k 68.53
Cubesmart (CUBE) 0.6 $3.8M 212k 17.98
Spirit Realty reit 0.6 $3.8M 343k 10.97
Vornado Realty Trust (VNO) 0.6 $3.7M 37k 99.97
Actuant Corporation 0.6 $3.7M 121k 30.52
Education Realty Trust 0.6 $3.7M 361k 10.28
Taubman Centers 0.6 $3.7M 51k 73.01
Healthcare Tr Amer Inc cl a 0.6 $3.7M 319k 11.60
MFA Mortgage Investments 0.6 $3.6M 466k 7.78
Sunstone Hotel Investors (SHO) 0.6 $3.6M 262k 13.82
CBL & Associates Properties 0.6 $3.7M 205k 17.90
Post Holdings Inc Common (POST) 0.6 $3.7M 110k 33.18
Retail Properties Of America 0.6 $3.7M 252k 14.63
Newmont Mining Corporation (NEM) 0.6 $3.6M 156k 23.05
Charter Communications 0.6 $3.6M 24k 151.39
Prologis (PLD) 0.6 $3.6M 95k 37.70
Fox News 0.6 $3.6M 108k 33.31
Aeropostale 0.5 $3.5M 1.1M 3.29
Cdw (CDW) 0.5 $3.4M 109k 31.05
Google 0.5 $3.3M 5.7k 588.33
American Capital Mortgage In 0.5 $3.3M 178k 18.82
Rice Energy 0.5 $3.3M 124k 26.60
Microsoft Corporation (MSFT) 0.5 $3.2M 69k 46.36
Anworth Mortgage Asset Corporation 0.5 $3.2M 665k 4.79
Wesco Aircraft Holdings 0.5 $3.2M 185k 17.40
PennyMac Mortgage Investment Trust (PMT) 0.5 $3.1M 146k 21.43
Gulfport Energy Corporation 0.5 $3.1M 58k 53.41
CoreSite Realty 0.5 $3.2M 96k 32.88
Resolute Fst Prods In 0.5 $3.1M 200k 15.64
Equinix 0.5 $3.0M 14k 212.45
Utilities SPDR (XLU) 0.5 $3.0M 72k 42.09
Nuveen Select Quality Municipal Fund 0.5 $3.0M 222k 13.67
Apollo Residential Mortgage 0.5 $3.1M 198k 15.43
Aviv Reit 0.5 $3.0M 115k 26.35
Vitesse Semiconductor Corporate 0.5 $3.0M 837k 3.60
Exterran Holdings 0.5 $2.9M 66k 44.30
PS Business Parks 0.5 $3.0M 39k 76.14
Nuveen Div Adv Muni Fd 3 Ben Int (NZF) 0.5 $2.9M 215k 13.67
Wisdomtree Tr intl hedge eqt (HEDJ) 0.4 $2.9M 50k 57.78
Zynga 0.4 $2.8M 1.1M 2.70
Nuveen Munpl Markt Opp Fund 0.4 $2.8M 212k 13.26
Goodyear Tire & Rubber Company (GT) 0.4 $2.8M 122k 22.59
Guidance Software 0.4 $2.7M 404k 6.73
Lpl Financial Holdings (LPLA) 0.4 $2.7M 60k 46.06
Foster Wheeler Ltd Com Stk 0.4 $2.7M 84k 31.62
Nuveen Premium Income Muni Fund 2 0.4 $2.7M 193k 13.75
Charles Schwab Corporation (SCHW) 0.4 $2.6M 90k 29.39
Nuveen Dividend Advantage Municipal Fd 2 0.4 $2.6M 186k 13.93
Ishares msci uk 0.4 $2.6M 135k 19.38
General Motors Company (GM) 0.4 $2.5M 79k 31.94
Energy Select Sector SPDR (XLE) 0.4 $2.5M 27k 90.62
Masonite International 0.4 $2.5M 45k 55.38
Nuveen Municipal Advantage Fund 0.4 $2.4M 181k 13.49
Horsehead Holding 0.4 $2.3M 141k 16.53
Ellington Financial 0.3 $2.3M 102k 22.22
Nuveen Premium Income Municipal Fund 0.3 $2.2M 162k 13.41
National Gen Hldgs 0.3 $2.1M 126k 16.89
Yandex Nv-a (NBIS) 0.3 $2.1M 76k 27.79
Move 0.3 $2.1M 100k 20.96
Globalstar 0.3 $2.0M 558k 3.66
Invesco Van Kampen Municipal Trust (VKQ) 0.3 $2.0M 162k 12.55
Semgroup Corp cl a 0.3 $2.0M 24k 83.25
Hallmark Financial Services 0.3 $2.0M 193k 10.31
PowerShares QQQ Trust, Series 1 0.3 $2.0M 20k 98.80
Putnam Municipal Opportunities Trust (PMO) 0.3 $1.9M 162k 11.70
SPDR Gold Trust (GLD) 0.3 $1.9M 16k 116.19
Invesco Van Kampen Muni Opp Trust (VMO) 0.3 $1.8M 145k 12.53
Nuveen Insured Tax-Free Adv Munici (NEA) 0.3 $1.8M 133k 13.53
Nuveen Insured Quality Muncipal Fund 0.3 $1.8M 140k 12.93
Nuveen Quality Pref. Inc. Fund II 0.3 $1.7M 200k 8.71
Sunoco Logistics Partners 0.3 $1.7M 35k 48.28
Invesco Van Kampen Trust For Inv Grd Mun (VGM) 0.3 $1.7M 130k 13.11
Eqt Midstream Partners 0.3 $1.7M 19k 89.63
Nuveen Quality Income Municipal Fund 0.2 $1.6M 120k 13.69
Google Inc Class C 0.2 $1.6M 2.8k 577.25
Technology SPDR (XLK) 0.2 $1.6M 40k 39.90
iShares MSCI Germany Index Fund (EWG) 0.2 $1.6M 58k 27.71
Access Midstream Partners, L.p 0.2 $1.6M 25k 63.65
Van Kampen Advantage Muni Incm Tr II (VKI) 0.2 $1.5M 134k 11.38
Energy Transfer Partners 0.2 $1.4M 22k 63.98
Cbre Clarion Global Real Estat re (IGR) 0.2 $1.4M 170k 8.38
Industrial SPDR (XLI) 0.2 $1.4M 26k 53.14
BlackRock Credit All Inc Trust IV (BTZ) 0.2 $1.3M 100k 13.31
Invesco Van Kampen Cal Val Mun Inc Trust (VCV) 0.2 $1.3M 106k 12.22
Allianzgi Equity & Conv In 0.2 $1.3M 65k 19.87
Enlink Midstream (ENLC) 0.2 $1.3M 32k 41.34
Williams Companies (WMB) 0.2 $1.2M 22k 55.35
Western Gas Partners 0.2 $1.3M 17k 75.04
Tesoro Logistics Lp us equity 0.2 $1.3M 18k 70.79
Enterprise Products Partners (EPD) 0.2 $1.1M 29k 40.32
Plains All American Pipeline (PAA) 0.2 $1.2M 20k 58.85
Magellan Midstream Partners 0.2 $1.2M 14k 84.15
Support 0.2 $1.1M 531k 2.16
BlackRock MuniHolding Insured Investm 0.2 $1.2M 85k 13.90
El Paso Pipeline Partners 0.2 $1.1M 28k 40.15
Kinder Morgan Energy Partners 0.2 $1.1M 12k 93.27
MCG Capital Corporation 0.2 $1.1M 323k 3.52
Essex Property Trust (ESS) 0.2 $1.0M 5.7k 178.75
Regency Energy Partners 0.2 $1.1M 32k 32.62
Nuveen Div. Advantage Muni. Fund (NAD) 0.2 $1.1M 77k 13.84
Kinder Morgan (KMI) 0.2 $1.0M 27k 38.32
Mplx (MPLX) 0.2 $1.0M 17k 58.99
Teekay Offshore Partners 0.1 $1.0M 30k 33.61
Oneok (OKE) 0.1 $1.0M 15k 65.58
USD.001 Atlas Energy Lp ltd part 0.1 $998k 23k 44.00
WESTERN GAS EQUITY Partners 0.1 $970k 16k 60.89
Crestwood Midstream Partners 0.1 $994k 44k 22.66
Nuveen Insd Dividend Advantage (NVG) 0.1 $899k 64k 14.11
WisdomTree Europe SmallCap Div (DFE) 0.1 $943k 18k 52.39
Zais Financial 0.1 $903k 52k 17.27
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $839k 7.1k 118.17
Financial Select Sector SPDR (XLF) 0.1 $880k 38k 23.16
Ellington Residential Mortga reit (EARN) 0.1 $852k 53k 16.20
Alpha Natural Resources 0.1 $789k 318k 2.48
World Wrestling Entertainment 0.1 $761k 55k 13.76
iShares MSCI Canada Index (EWC) 0.1 $764k 25k 30.70
iShares MSCI Switzerland Index Fund (EWL) 0.1 $814k 25k 32.50
SPDR S&P Metals and Mining (XME) 0.1 $800k 22k 36.78
Nuveen Mortgage opportunity trm fd2 0.1 $815k 35k 23.29
Plains Gp Hldgs L P shs a rep ltpn 0.1 $761k 25k 30.67
PowerShares Build America Bond Portfolio 0.1 $744k 25k 29.64
Morgan Stanley Emerging Markets Domestic (EDD) 0.1 $709k 60k 11.82
Nuveen Multi-Strategy Income & Growth (JPC) 0.1 $697k 76k 9.20
Targa Res Corp (TRGP) 0.1 $704k 5.2k 136.17
Nuveen Maryland Premium Income Municipal 0.1 $727k 58k 12.51
iShares Lehman 7-10 Yr Treas. Bond (IEF) 0.1 $674k 6.5k 103.69
Putnam Premier Income Trust (PPT) 0.1 $658k 120k 5.48
Pimco Dynamic Credit Income other 0.1 $674k 30k 22.47
Doubleline Income Solutions (DSL) 0.1 $650k 30k 21.67
iShares FTSE/Xinhua China 25 Index (FXI) 0.1 $574k 15k 38.27
Regency Centers Corporation (REG) 0.1 $561k 10k 53.84
Consumer Discretionary SPDR (XLY) 0.1 $560k 8.4k 66.67
iShares MSCI France Index (EWQ) 0.1 $599k 23k 26.54
Putnam Managed Municipal Income Trust (PMM) 0.1 $566k 80k 7.08
American Residential Pptys I 0.1 $569k 31k 18.35
American Homes 4 Rent-a reit (AMH) 0.1 $557k 33k 16.88
Solar Cap (SLRC) 0.1 $508k 27k 18.68
DCT Industrial Trust 0.1 $490k 65k 7.52
Eaton Vance Tax-Managed Global Dive Eq (EXG) 0.1 $502k 50k 10.04
Nuveen Qual Preferred Inc. Fund III 0.1 $502k 60k 8.37
Apple (AAPL) 0.1 $430k 4.3k 100.70
Templeton Global Income Fund 0.1 $477k 60k 7.95
SPDR S&P Oil & Gas Explore & Prod. 0.1 $461k 6.7k 68.81
Cohen & Steers infrastucture Fund (UTF) 0.1 $463k 20k 23.15
Invesco Mortgage Capital 0.1 $429k 27k 15.71
Tortoise Energy Infrastructure 0.1 $481k 10k 48.10
iShares MSCI Italy Index 0.1 $467k 30k 15.68
Nuveen Premier Mun Income 0.1 $472k 35k 13.45
BlackRock Global Energy & Resources Trus (BGR) 0.1 $454k 19k 23.89
Nuveen Investment Quality Munl Fund 0.1 $486k 33k 14.86
Nuveen Ins Ca Tx Fr Adv Mun (NKX) 0.1 $473k 34k 13.91
Blackrock Res & Commodities Strategy Tr (BCX) 0.1 $483k 43k 11.23
Sigma-Aldrich Corporation 0.1 $360k 2.7k 135.85
AvalonBay Communities (AVB) 0.1 $379k 2.7k 140.94
Hatteras Financial 0.1 $359k 20k 17.95
Ishares Tr Phill Invstmrk (EPHE) 0.1 $381k 10k 38.10
iShares MSCI Sweden Index (EWD) 0.1 $367k 11k 33.09
Nuveen Performance Plus Municipal Fund 0.1 $392k 27k 14.52
Central Gold-Trust 0.1 $414k 10k 41.40
Intel Corporation (INTC) 0.1 $335k 9.6k 34.82
Altria (MO) 0.1 $334k 7.3k 45.88
International Business Machines (IBM) 0.1 $330k 1.7k 189.66
Accenture (ACN) 0.1 $322k 4.0k 81.31
AutoZone (AZO) 0.1 $347k 680.00 510.29
Oracle Corporation (ORCL) 0.1 $297k 7.8k 38.32
Hormel Foods Corporation (HRL) 0.1 $301k 5.9k 51.45
Intuit (INTU) 0.1 $354k 4.0k 87.62
Scripps Networks Interactive 0.1 $308k 3.9k 78.17
Blackrock Muniyield California Ins Fund 0.1 $341k 23k 14.57
Abbott Laboratories (ABT) 0.0 $286k 6.9k 41.63
3M Company (MMM) 0.0 $252k 1.8k 141.57
C.R. Bard 0.0 $250k 1.8k 142.86
Rockwell Collins 0.0 $265k 3.4k 78.64
Campbell Soup Company (CPB) 0.0 $230k 5.4k 42.67
Philip Morris International (PM) 0.0 $269k 3.2k 83.54
Texas Instruments Incorporated (TXN) 0.0 $270k 5.7k 47.62
Clorox Company (CLX) 0.0 $255k 2.7k 96.23
Visa (V) 0.0 $241k 1.1k 213.27
American Capital 0.0 $283k 20k 14.15
iShares MSCI Japan Index 0.0 $242k 21k 11.75
BlackRock Income Trust 0.0 $262k 41k 6.34
iShares MSCI Turkey Index Fund (TUR) 0.0 $245k 5.0k 49.00
Chatham Lodging Trust (CLDT) 0.0 $231k 10k 23.10
iShares MSCI Singapore Index Fund 0.0 $261k 20k 13.36
iShares MSCI Spain Index (EWP) 0.0 $257k 6.6k 38.94
BLACKROCK INTL GRWTH & INC T COM Bene Inter (BGY) 0.0 $270k 36k 7.52
Eaton Vance Municipal Bond Fund (EIM) 0.0 $250k 20k 12.50
Fort Dearborn Income Securities 0.0 $256k 18k 14.46
Nuveen Energy Mlp Total Return etf 0.0 $265k 12k 22.08
First Tr Energy Infrastrctr 0.0 $286k 12k 23.83
Perrigo Company (PRGO) 0.0 $230k 1.5k 150.33
Endo International 0.0 $269k 3.9k 68.27
Emerson Electric (EMR) 0.0 $208k 3.3k 62.65
Qualcomm (QCOM) 0.0 $222k 3.0k 74.75
iShares MSCI Malaysia Index Fund 0.0 $183k 12k 15.42
BlackRock Global Opportunities Equity Tr (BOE) 0.0 $227k 16k 14.10
Flaherty & Crumrine/Claymore Preferred S (FFC) 0.0 $193k 10k 19.30
Western Asset Emerging Mrkts Dbt Fnd (EMD) 0.0 $171k 10k 17.10
MFS Charter Income Trust (MCR) 0.0 $177k 20k 8.85
BlackRock Real Asset Trust 0.0 $178k 21k 8.48
iShares MSCI Netherlands Investable (EWN) 0.0 $219k 9.1k 24.17
Blackrock Muniassets Fund (MUA) 0.0 $202k 15k 13.15
Western Asset Global High Income Fnd (EHI) 0.0 $201k 17k 12.18
Western Asset Municipal Hgh Incm Fnd (MHF) 0.0 $130k 18k 7.26
MFS Investment Grade Municipal Trust (CXH) 0.0 $110k 12k 9.17
Zhaopin 0.0 $135k 10k 12.92
Nuveen Multi-Strategy Inc & Growth Fd 2 (JQC) 0.0 $89k 10k 8.90
Morgan Stanley Emerging Markets Debt (MSD) 0.0 $97k 10k 9.70