Global Endowment Management

Global Endowment Management as of Dec. 31, 2010

Portfolio Holdings for Global Endowment Management

Global Endowment Management holds 114 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Emerging Markets ETF (VWO) 11.0 $20M 422k 48.15
Energy Select Sector SPDR (XLE) 6.5 $12M 175k 68.25
PennyMac Mortgage Investment Trust (PMT) 3.5 $6.5M 359k 18.15
Colgate-Palmolive Company (CL) 2.2 $4.0M 50k 80.39
Amicus Therapeutics (FOLD) 1.7 $3.1M 668k 4.61
Enterprise Products Partners (EPD) 1.6 $3.0M 72k 41.60
Microsoft Corporation (MSFT) 1.6 $3.0M 106k 27.92
Kinder Morgan Energy Partners 1.6 $2.9M 42k 70.25
Magellan Midstream Partners 1.5 $2.8M 50k 56.50
Oneok Partners 1.5 $2.7M 34k 79.50
Automatic Data Processing (ADP) 1.4 $2.6M 57k 46.28
Medtronic 1.4 $2.5M 69k 37.04
Plains All American Pipeline (PAA) 1.4 $2.5M 41k 62.79
International Business Machines (IBM) 1.4 $2.5M 17k 146.78
Honeywell International (HON) 1.3 $2.4M 46k 53.16
Cme (CME) 1.3 $2.3M 7.3k 321.72
Emerson Electric (EMR) 1.2 $2.3M 40k 57.16
Lockheed Martin Corporation (LMT) 1.2 $2.3M 32k 69.91
Sherwin-Williams Company (SHW) 1.2 $2.2M 27k 83.76
Philip Morris International (PM) 1.2 $2.2M 37k 58.53
Bristol Myers Squibb (BMY) 1.2 $2.1M 81k 26.48
Texas Instruments Incorporated (TXN) 1.2 $2.2M 66k 32.51
United Technologies Corporation 1.1 $2.1M 27k 78.72
Google 1.1 $2.1M 3.5k 593.89
Campbell Soup Company (CPB) 1.1 $2.0M 59k 34.75
Exxon Mobil Corporation (XOM) 1.1 $2.0M 28k 73.13
Nike (NKE) 1.1 $2.0M 24k 85.40
Johnson & Johnson (JNJ) 1.1 $2.0M 32k 61.86
Pepsi (PEP) 1.1 $2.0M 30k 65.32
Becton, Dickinson and (BDX) 1.1 $1.9M 23k 84.54
NuStar Energy (NS) 1.1 $1.9M 28k 69.49
Kellogg Company (K) 1.0 $1.9M 38k 51.09
Enbridge Energy Partners 1.0 $1.9M 31k 62.39
Buckeye Partners 1.0 $1.8M 27k 66.85
3M Company (MMM) 1.0 $1.8M 21k 86.28
Kimberly-Clark Corporation (KMB) 0.9 $1.7M 28k 63.04
Altria (MO) 0.9 $1.7M 71k 24.63
Hallmark Financial Services 0.9 $1.7M 192k 9.10
Clorox Company (CLX) 0.9 $1.7M 27k 63.27
Wal-Mart Stores (WMT) 0.9 $1.6M 30k 53.95
Brookfield Ppty Corp Cad 0.8 $1.6M 90k 17.53
Abbott Laboratories (ABT) 0.8 $1.6M 33k 47.91
El Paso Pipeline Partners 0.7 $1.3M 40k 33.45
Six Flags Entertainment (SIX) 0.7 $1.3M 24k 54.40
Enzon Pharmaceuticals (ENZN) 0.7 $1.3M 106k 12.17
Enbridge (ENB) 0.7 $1.2M 22k 56.42
Boardwalk Pipeline Partners 0.7 $1.2M 39k 31.14
Schlumberger (SLB) 0.6 $1.2M 14k 83.48
Charter Communications 0.6 $1.2M 30k 38.93
James River Coal Company 0.6 $1.1M 45k 25.33
Sunoco Logistics Partners 0.6 $1.2M 14k 83.62
Erie Indemnity Company (ERIE) 0.6 $1.1M 17k 65.47
Zhongpin 0.6 $1.1M 53k 20.40
General Dynamics Corporation (GD) 0.6 $1.1M 15k 70.99
Corporate Executive Board Company 0.6 $1.0M 28k 37.55
Crown Castle International 0.6 $1.0M 23k 43.83
Pioneer Natural Resources (PXD) 0.6 $1.0M 12k 86.84
Energy Transfer Equity (ET) 0.5 $992k 25k 39.06
Accelrys 0.5 $956k 115k 8.30
Tyler Technologies (TYL) 0.5 $951k 46k 20.76
National Fuel Gas (NFG) 0.5 $949k 15k 65.64
Republic Services (RSG) 0.5 $914k 31k 29.87
Citi 0.5 $893k 189k 4.73
Liberty Global 0.5 $877k 25k 35.36
Move 0.5 $870k 339k 2.57
Life Technologies 0.5 $870k 16k 55.48
Apple (AAPL) 0.5 $839k 2.6k 322.69
Vodafone 0.5 $825k 31k 26.44
Campus Crest Communities 0.5 $829k 59k 14.03
BioMed Realty Trust 0.4 $808k 43k 18.66
HCP 0.4 $808k 22k 36.81
CoreSite Realty 0.4 $814k 60k 13.63
Equity Residential (EQR) 0.4 $787k 15k 51.95
Associated Estates Realty Corporation 0.4 $791k 52k 15.29
Harvest Natural Resources 0.4 $796k 65k 12.17
Post Properties 0.4 $802k 22k 36.29
Simon Property (SPG) 0.4 $789k 7.9k 99.50
Equity One 0.4 $803k 44k 18.19
Nordion 0.4 $796k 70k 11.39
Washington Real Estate Investment Trust (ELME) 0.4 $786k 25k 31.01
AvalonBay Communities (AVB) 0.4 $783k 7.0k 112.58
Glimcher Realty Trust 0.4 $783k 93k 8.40
Education Realty Trust 0.4 $785k 101k 7.77
Extra Space Storage (EXR) 0.4 $770k 44k 17.40
Corporate Office Properties Trust (CDP) 0.4 $779k 22k 34.93
AMB Property Corporation 0.4 $781k 25k 31.72
Hyatt Hotels Corporation (H) 0.4 $778k 17k 45.76
Boston Properties (BXP) 0.4 $780k 9.1k 86.10
Regency Centers Corporation (REG) 0.4 $782k 19k 42.22
Retail Opportunity Investments (ROIC) 0.4 $774k 78k 9.91
Marriott International (MAR) 0.4 $756k 18k 41.54
JPMorgan Chase & Co. (JPM) 0.4 $749k 18k 42.40
Williams Companies (WMB) 0.4 $743k 30k 24.73
Minerals Technologies (MTX) 0.4 $733k 11k 65.45
Interactive Intelligence 0.4 $746k 29k 26.16
Signet Jewelers (SIG) 0.4 $738k 17k 43.41
Jacobs Engineering 0.4 $718k 16k 45.83
Shaw 0.4 $730k 21k 34.21
TransDigm Group Incorporated (TDG) 0.4 $727k 10k 71.98
SLM Corporation (SLM) 0.4 $699k 56k 12.59
Liberty Media 0.3 $648k 41k 15.77
Western Gas Partners 0.3 $641k 21k 30.31
Amazon (AMZN) 0.3 $630k 3.5k 180.00
Electro Scientific Industries 0.3 $622k 39k 16.03
Alliance Holdings GP 0.3 $633k 13k 47.95
Qualcomm (QCOM) 0.3 $619k 13k 49.52
NuStar GP Holdings 0.3 $618k 17k 36.35
Duncan Energy Partners (DEP) 0.3 $589k 18k 32.11
Holly Energy Partners 0.3 $569k 11k 50.88
International Assets Holding Corporation (IAAC) 0.3 $574k 24k 23.60
Spectra Energy Partners 0.3 $544k 17k 32.82
Leap Wireless International 0.2 $315k 26k 12.26
MedQuist (MEDQ) 0.1 $225k 26k 8.64
Fluor Corporation (FLR) 0.1 $178k 2.7k 66.17