Global Endowment Management's Q3 2022 vs. Q4 2022 Portfolio Changes

Global Endowment Management, LP, a prominent New York-based investment management firm, recently released its Q3 2022 vs. Q4 2022 13F Holdings Comparison report. This report details the firm's changes in holdings from the third quarter to the fourth quarter of 2022. In this blog post, we will provide an in-depth analysis of the report and highlight the most significant changes in the firm's portfolio.

Vanguard Continues to Dominate the Portfolio

Global Endowment Management, LP's portfolio is dominated by Vanguard funds. The three Vanguard funds, namely the Vanguard BD Index Fund, the Vanguard Star Fund, and the Vanguard Index Fund, accounted for the most significant changes in the firm's holdings. The Vanguard BD Fund and the Vanguard Index Fund both saw minor increases of 3.8% and 4.8%, respectively. The real standout was the Vanguard Star Fund, which had a massive increase of 89.4%. The fund's shares increased from 1,347,940 to 2,258,922. Its value also increased from $61,695,000 to $116,831,000.

Amazon and JP Morgan Chase ETFs See Significant Decreases

While the Vanguard funds saw gains, some companies saw significant decreases in their holdings in the firm's portfolio. Amazon takes the biggest hit, with a decrease of 52.2% in shares and a decrease of 49.7% in value. The JP Morgan Chase ETF was not spared as well, with a decrease of 11.9% in shares and a decrease of 10.6% in value.

Other Noteworthy Changes

Chevron, the American multinational energy corporation, had a noteworthy increase in shares and value. Its shares increased from 33,660 to 33,660, while its value increased from $4,836,000 to $6,041,000, a 24.9% increase.

Some companies saw minor changes in their holdings in the firm's portfolio. The SPDR S&P 500 ETF Trust, the iShares 20+ Year Treasury Bond ETF, and the iShares U.S. Treasury Bond ETF all experienced minor increases in shares and value. The SPDR S&P 500 ETF Trust increased by 7.1%, the iShares 20+ Year Treasury Bond ETF increased by 0.5%, while the iShares U.S. Treasury Bond ETF increased by 1.5%.

Conclusion

In conclusion, Global Endowment Management's Q3 2022 vs. Q4 2022 13F Holdings Comparison report shows that the portfolio's performance in the fourth quarter is generally positive. Vanguard funds continue to dominate the portfolio, with some seeing significant increases in shares and value. While some companies, such as Amazon and JP Morgan Chase ETF, saw a decrease in the firm's holdings, other companies such as Chevron saw an increase. These changes show that Global Endowment Management, LP is continually fine-tuning its portfolio for better returns.