Chief Investment Officer

0001085146-16-003713.txt : 20160513 0001085146-16-003713.hdr.sgml : 20160513 20160513064826 ACCESSION NUMBER: 0001085146-16-003713 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160331 FILED AS OF DATE: 20160513 DATE AS OF CHANGE: 20160513 EFFECTIVENESS DATE: 20160513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Global Endowment Management, LP CENTRAL INDEX KEY: 0001512237 IRS NUMBER: 651297607 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14333 FILM NUMBER: 161645832 BUSINESS ADDRESS: STREET 1: 550 S. TRYON ST. STREET 2: SUITE 3500 CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 704-333-8282 MAIL ADDRESS: STREET 1: 550 S. TRYON ST. STREET 2: SUITE 3500 CITY: CHARLOTTE STATE: NC ZIP: 28202 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001512237 XXXXXXXX 03-31-2016 03-31-2016 false Global Endowment Management, LP

550 S. TRYON ST. SUITE 3500 CHARLOTTE NC 28202

13F HOLDINGS REPORT 028-14333 N Michael D. Smith Chief Investment Officer 704-333-8282 /s/ Michael D. Smith Charlotte NC 05-03-2016 1 215 467072 1 RV Capital GmbH INFORMATION TABLE 2 form13fInfoTable.xml DESCRIPTION FOR INFORMATION TABLE 3M CO COM 88579Y101 368 2210 SH SOLE 2210 0 0 ACCENTURE PLC IRELAND SHS CLASS A G1151C101 457 3960 SH SOLE 3960 0 0 ADAMS DIVERSIFIED EQUITY FD COM 006212104 886 70000 SH SOLE 70000 0 0 ALLIANZGI EQUITY & CONV INCO COM 018829101 1091 60000 SH SOLE 60000 0 0 ALPHABET INC CAP STK CL A 02079K305 13732 18000 SH OTR 0 0 18000 ALTRIA GROUP INC COM 02209S103 474 7570 SH SOLE 7570 0 0 AMAZON COM INC COM 023135106 47105 79350 SH SOLE 79350 0 0 AMERICAN CAP LTD COM 02503Y103 229 15000 SH SOLE 15000 0 0 AMERICAN CAPITAL AGENCY CORP COM 02503X105 466 25000 SH SOLE 25000 0 0 APOLLO GLOBAL MGMT LLC CL A SHS 037612306 265 15450 SH SOLE 15450 0 0 APPLE INC COM 037833100 465 4270 SH SOLE 4270 0 0 ASPEN TECHNOLOGY INC COM 045327103 224 6200 SH SOLE 6200 0 0 AUTOZONE INC COM 053332102 542 680 SH SOLE 680 0 0 BAIDU INC SPON ADR REP A 056752108 7635 40000 SH OTR 0 0 40000 BANK NEW YORK MELLON CORP COM 064058100 446 12100 SH SOLE 12100 0 0 BARD C R INC COM 067383109 355 1750 SH SOLE 1750 0 0 BARRICK GOLD CORP COM 067901108 3748 276000 SH SOLE 276000 0 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 5336 25 SH OTR 0 0 25 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 77679 547500 SH SOLE 547500 0 0 BIOGEN INC COM 09062X103 255 980 SH SOLE 980 0 0 BLACKROCK CR ALLCTN INC TR COM 092508100 1252 100000 SH SOLE 100000 0 0 BLACKROCK DEBT STRAT FD INC COM 09255R103 243 70000 SH SOLE 70000 0 0 BLACKROCK GLOBAL OPP EQTY TR COM 092501105 191 16100 SH SOLE 16100 0 0 BLACKROCK INTL GRWTH & INC T COM BENE INTER 092524107 296 50000 SH SOLE 50000 0 0 BLACKROCK RES & COMM STRAT T SHS 09257A108 425 58880 SH SOLE 58880 0 0 BLACKSTONE GROUP L P COM UNIT LTD 09253U108 6657 237300 SH SOLE 237300 0 0 BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 992 67300 SH SOLE 67300 0 0 BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 1495 22000 SH SOLE 22000 0 0 CAMDEN PPTY TR SH BEN INT 133131102 1219 14500 SH SOLE 14500 0 0 CAPSTEAD MTG CORP COM NO PAR 14067E506 198 20000 SH SOLE 20000 0 0 CARMAX INC COM 143130102 2555 50000 SH OTR 0 0 50000 CBRE CLARION GLOBAL REAL EST COM 12504G100 1328 170000 SH SOLE 170000 0 0 CLOROX CO DEL COM 189054109 309 2450 SH SOLE 2450 0 0 CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 575 60000 SH SOLE 60000 0 0 COHEN & STEERS INFRASTRUCTUR COM 19248A109 396 20000 SH SOLE 20000 0 0 COLFAX CORP COM 194014106 9904 346400 SH SOLE 346400 0 0 COLONY CAP INC CL A 19624R106 201 12000 SH SOLE 12000 0 0 CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 1317 50200 SH SOLE 50200 0 0 CREDIT ACCEP CORP MICH COM 225310101 8805 48500 SH OTR 0 0 48500 CREDIT ACCEP CORP MICH COM 225310101 272 1500 SH SOLE 1500 0 0 DCT INDUSTRIAL TRUST INC COM NEW 233153204 1184 30000 SH SOLE 30000 0 0 DDR CORP COM 23317H102 342 19200 SH SOLE 19200 0 0 DIGITAL RLTY TR INC COM 253868103 1275 14400 SH SOLE 14400 0 0 DOLLAR GEN CORP NEW COM 256677105 248 2900 SH SOLE 2900 0 0 DOUBLELINE INCOME SOLUTIONS COM 258622109 504 30000 SH SOLE 30000 0 0 EASTGROUP PPTY INC COM 277276101 1207 20000 SH SOLE 20000 0 0 EATON VANCE TAX MNGD GBL DV COM 27829F108 439 50000 SH SOLE 50000 0 0 ELLINGTON FINANCIAL LLC COM 288522303 333 19115 SH SOLE 19115 0 0 ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 1141 35290 SH SOLE 35290 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 1533 62258 SH SOLE 62258 0 0 EQT MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 916 12300 SH SOLE 12300 0 0 EQUITY COMWLTH COM SH BEN INT 294628102 1131 40100 SH SOLE 40100 0 0 EQUITY ONE COM 294752100 1172 40900 SH SOLE 40900 0 0 EQUITY RESIDENTIAL SH BEN INT 29476L107 772 10290 SH SOLE 10290 0 0 F5 NETWORKS INC COM 315616102 392 3700 SH SOLE 3700 0 0 FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 1186 7600 SH SOLE 7600 0 0 FIAT CHRYSLER AUTOMOBILES N SHS N31738102 267 33100 SH SOLE 33100 0 0 FIFTH STR ASSET MGMT INC CL A COM 31679P109 69 22500 SH SOLE 22500 0 0 FIRST TR HIGH INCOME L/S FD COM 33738E109 234 16000 SH SOLE 16000 0 0 FLEETCOR TECHNOLOGIES INC COM 339041105 327 2200 SH SOLE 2200 0 0 FORTRESS INVESTMENT GROUP LL CL A 34958B106 483 101010 SH SOLE 101010 0 0 GABELLI DIVD & INCOME TR COM 36242H104 1478 80000 SH SOLE 80000 0 0 GENERAL GROWTH PPTYS INC NEW COM 370023103 354 11900 SH SOLE 11900 0 0 GENERAL MTRS CO COM 37045V100 236 7500 SH SOLE 7500 0 0 GENPACT LIMITED SHS G3922B107 19217 706750 SH SOLE 706750 0 0 GENUINE PARTS CO COM 372460105 370 3720 SH SOLE 3720 0 0 GLOBAL X FDS MSCI GREECE ETF 37950E366 151 20000 SH SOLE 20000 0 0 GOLDCORP INC NEW COM 380956409 2699 166300 SH SOLE 166300 0 0 GULFMARK OFFSHORE INC CL A NEW 402629208 297 48100 SH SOLE 48100 0 0 GULFPORT ENERGY CORP COM NEW 402635304 224 7900 SH SOLE 7900 0 0 HATTERAS FINL CORP COM 41902R103 572 40000 SH SOLE 40000 0 0 HOLLY ENERGY PARTNERS L P COM UT LTD PTN 435763107 720 21300 SH SOLE 21300 0 0 HOME DEPOT INC COM 437076102 444 3330 SH SOLE 3330 0 0 HORMEL FOODS CORP COM 440452100 564 13040 SH SOLE 13040 0 0 HOST HOTELS & RESORTS INC COM 44107P104 1206 72200 SH SOLE 72200 0 0 INVESCO MORTGAGE CAPITAL INC COM 46131B100 487 40000 SH SOLE 40000 0 0 INVESCO MUN TR COM 46131J103 434 32602 SH SOLE 32602 0 0 IRON MTN INC NEW COM 46284V101 234 6900 SH SOLE 6900 0 0 ISHARES AUSTRIA CAPD ETF 464286202 267 17000 SH SOLE 17000 0 0 ISHARES MSCI CDA ETF 464286509 590 24890 SH SOLE 24890 0 0 ISHARES MSCI SINGAP ETF 464286673 212 19540 SH SOLE 19540 0 0 ISHARES MSCI FRANCE ETF 464286707 546 22570 SH SOLE 22570 0 0 ISHARES MSCI TURKEY ETF 464286715 219 5000 SH SOLE 5000 0 0 ISHARES MSCI TAIWAN ETF 464286731 284 20500 SH SOLE 20500 0 0 ISHARES MSCI SZ CAP ETF 464286749 745 25050 SH SOLE 25050 0 0 ISHARES MSCI SWEDEN ETF 464286756 327 11090 SH SOLE 11090 0 0 ISHARES MSCI SPAN CP ETF 464286764 1041 38300 SH SOLE 38300 0 0 ISHARES MSCI GERMANY ETF 464286806 1480 57530 SH SOLE 57530 0 0 ISHARES MSCI NETHERL ETF 464286814 223 9060 SH SOLE 9060 0 0 ISHARES MSCI MEX CAP ETF 464286822 537 10000 SH SOLE 10000 0 0 ISHARES MSCI MALAYSI ETF 464286830 178 20000 SH SOLE 20000 0 0 ISHARES MSCI JAPAN ETF 464286848 1479 129600 SH SOLE 129600 0 0 ISHARES MSCI ITALCPD ETF 464286855 363 29790 SH SOLE 29790 0 0 ISHARES TR CHINA LG-CAP ETF 464287184 1351 40000 SH SOLE 40000 0 0 ISHARES TR IBOXX INV CP ETF 464287242 2376 20000 SH SOLE 20000 0 0 ISHARES TR 20 YR TR BD ETF 464287432 522 4000 SH SOLE 4000 0 0 ISHARES TR 7-10 Y TR BD ETF 464287440 1639 14850 SH SOLE 14850 0 0 ISHARES TR 3-7 YR TR BD ETF 464288661 1700 13500 SH SOLE 13500 0 0 ISHARES TR CORE US TR BD 46429B267 1032 40000 SH SOLE 40000 0 0 ISHARES TR MSCI PHILIPS ETF 46429B408 367 10000 SH SOLE 10000 0 0 ISHARES TR MSCI INDIA ETF 46429B598 732 27000 SH SOLE 27000 0 0 ISHARES TR MSCI UTD KNGDM 46434V548 2119 135120 SH SOLE 135120 0 0 KIMCO RLTY CORP COM 49446R109 1157 40200 SH SOLE 40200 0 0 KINDER MORGAN INC DEL COM 49456B101 417 23340 SH SOLE 23340 0 0 KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 3 80586 SH SOLE 80586 0 0 KKR & CO L P DEL COM UNITS 48248M102 344 23440 SH SOLE 23440 0 0 L BRANDS INC COM 501797104 290 3300 SH SOLE 3300 0 0 LAM RESEARCH CORP COM 512807108 281 3400 SH SOLE 3400 0 0 LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 547 110000 SH SOLE 110000 0 0 LIBERTY GLOBAL PLC SHS CL C G5480U120 466 12400 SH SOLE 12400 0 0 LOCKHEED MARTIN CORP COM 539830109 427 1930 SH SOLE 1930 0 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 328 3830 SH SOLE 3830 0 0 MACQUARIE GLBL INFRA TOTL RE COM 55608D101 502 25000 SH SOLE 25000 0 0 MACQUARIE INFRASTRUCTURE COR COM 55608B105 243 3600 SH SOLE 3600 0 0 MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 1431 20800 SH SOLE 20800 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 400 20000 SH SOLE 20000 0 0 MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 233 5000 SH SOLE 5000 0 0 MERCK & CO INC NEW COM 58933Y105 316 5980 SH SOLE 5980 0 0 MFS CHARTER INCOME TR SH BEN INT 552727109 163 20000 SH SOLE 20000 0 0 MORGAN STANLEY CHINA A SH FD COM 617468103 677 40000 SH SOLE 40000 0 0 MORGAN STANLEY EM MKTS DM DE COM 617477104 458 60000 SH SOLE 60000 0 0 MORGAN STANLEY EMER MKTS DEB COM 61744H105 263 30000 SH SOLE 30000 0 0 MPLX LP COM UNIT REP LTD 55336V100 565 19043 SH SOLE 19043 0 0 NATIONAL GEN HLDGS CORP COM 636220303 219 10150 SH SOLE 10150 0 0 NATIONAL RETAIL PPTYS INC COM 637417106 1279 27670 SH SOLE 27670 0 0 NEWMONT MINING CORP COM 651639106 4146 156000 SH SOLE 156000 0 0 NUVEEN AMT-FREE MUN INCOME F COM 670657105 495 34867 SH SOLE 34867 0 0 NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 396 50000 SH SOLE 50000 0 0 NUVEEN DIV ADVANTAGE MUN FD COM 67070F100 320 21525 SH SOLE 21525 0 0 NUVEEN DIVID ADV MUN FD 3 COM SH BEN INT 67070X101 561 37500 SH SOLE 37500 0 0 NUVEEN DIVID ADVANTAGE MUN F COM 67066V101 195 13206 SH SOLE 13206 0 0 NUVEEN MTG OPPTY TERM FD 2 COM 67074R100 762 35000 SH SOLE 35000 0 0 NUVEEN MUN ADVANTAGE FD INC COM 67062H106 544 37935 SH SOLE 37935 0 0 NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 522 36675 SH SOLE 36675 0 0 NUVEEN NASDAQ 100 DYNAMIC OV COM SHS 670699107 369 20000 SH SOLE 20000 0 0 NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 709 75800 SH SOLE 75800 0 0 NUVEEN PREM INCOME MUN FD COM 67062T100 492 33750 SH SOLE 33750 0 0 NUVEEN PREM INCOME MUN FD 2 COM 67063W102 438 29722 SH SOLE 29722 0 0 NUVEEN QUALITY INCOME MUN FD COM 670977107 441 29962 SH SOLE 29962 0 0 NUVEEN QUALITY PFD INC FD 3 COM 67072W101 514 60000 SH SOLE 60000 0 0 NUVEEN QUALITY PFD INCOME FD COM 67072C105 1663 185000 SH SOLE 185000 0 0 NUVEEN SELECT QUALITY MUN FD COM 670973106 477 32565 SH SOLE 32565 0 0 OAKTREE CAP GROUP LLC UNIT CL A 674001201 29220 592340 SH SOLE 592340 0 0 OCWEN FINL CORP COM NEW 675746309 104 42100 SH SOLE 42100 0 0 OMEGA HEALTHCARE INVS INC COM 681936100 1095 31020 SH SOLE 31020 0 0 ORACLE CORP COM 68389X105 315 7710 SH SOLE 7710 0 0 PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 1143 52300 SH SOLE 52300 0 0 PHILIP MORRIS INTL INC COM 718172109 15760 160640 SH SOLE 160640 0 0 PIEDMONT OFFICE REALTY TR IN COM CL A 720190206 1190 58600 SH SOLE 58600 0 0 PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 1046 60000 SH SOLE 60000 0 0 PIONEER NAT RES CO COM 723787107 253 1800 SH SOLE 1800 0 0 PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 658 31400 SH SOLE 31400 0 0 PLATFORM SPECIALTY PRODS COR COM 72766Q105 186 21600 SH SOLE 21600 0 0 POLARIS INDS INC COM 731068102 280 2840 SH SOLE 2840 0 0 POST PPTYS INC COM 737464107 1116 18670 SH SOLE 18670 0 0 POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1638 15000 SH SOLE 15000 0 0 PPG INDS INC COM 693506107 321 2880 SH SOLE 2880 0 0 PUBLIC STORAGE COM 74460D109 1242 4500 SH SOLE 4500 0 0 PUTNAM PREMIER INCOME TR SH BEN INT 746853100 569 120000 SH SOLE 120000 0 0 QUALCOMM INC COM 747525103 305 5970 SH SOLE 5970 0 0 RANGE RES CORP COM 75281A109 321 9900 SH SOLE 9900 0 0 RICE ENERGY INC COM 762760106 366 26200 SH SOLE 26200 0 0 ROCKWELL COLLINS INC COM 774341101 327 3550 SH SOLE 3550 0 0 ROYCE VALUE TR INC COM 780910105 1731 147855 SH SOLE 147855 0 0 SCHWAB CHARLES CORP NEW COM 808513105 210 7500 SH SOLE 7500 0 0 SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 678 10000 SH SOLE 10000 0 0 SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 632 8000 SH SOLE 8000 0 0 SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 1152 18600 SH SOLE 18600 0 0 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 675 30000 SH SOLE 30000 0 0 SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 222 4000 SH SOLE 4000 0 0 SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 2440 55000 SH SOLE 55000 0 0 SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 3970 80000 SH SOLE 80000 0 0 SHELL MIDSTREAM PARTNERS L P UNIT LTD INT 822634101 491 13400 SH SOLE 13400 0 0 SHUTTERFLY INC COM 82568P304 422 9100 SH SOLE 9100 0 0 SIMON PPTY GROUP INC NEW COM 828806109 802 3860 SH SOLE 3860 0 0 SIX FLAGS ENTMT CORP NEW COM 83001A102 377 6800 SH SOLE 6800 0 0 SOLAR CAP LTD COM 83413U100 916 53000 SH SOLE 53000 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 1882 16000 SH SOLE 16000 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 28265 137500 SH SOLE 137500 0 0 SPDR SERIES TRUST S&P METALS MNG 78464A755 205 10000 SH SOLE 10000 0 0 SPECTRA ENERGY PARTNERS LP COM 84756N109 698 14500 SH SOLE 14500 0 0 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 1785 176432 SH SOLE 176432 0 0 STORE CAP CORP COM 862121100 1245 48100 SH SOLE 48100 0 0 SUN CMNTYS INC COM 866674104 337 4700 SH SOLE 4700 0 0 SUNOCO LOGISTICS PRTNRS L P COM UNITS 86764L108 878 35036 SH SOLE 35036 0 0 SUNSTONE HOTEL INVS INC NEW COM 867892101 1267 90500 SH SOLE 90500 0 0 TALLGRASS ENERGY GP LP SHS CL A 874696107 349 18900 SH SOLE 18900 0 0 TALLGRASS ENERGY PARTNERS LP COM UNIT 874697105 304 7930 SH SOLE 7930 0 0 TAUBMAN CTRS INC COM 876664103 1033 14500 SH SOLE 14500 0 0 TC PIPELINES LP UT COM LTD PRT 87233Q108 535 11100 SH SOLE 11100 0 0 TEMPLETON GLOBAL INCOME FD COM 880198106 391 60000 SH SOLE 60000 0 0 TEMPUR SEALY INTL INC COM 88023U101 237 3900 SH SOLE 3900 0 0 TESORO LOGISTICS LP COM UNIT LP 88160T107 690 15100 SH SOLE 15100 0 0 TEXAS INSTRS INC COM 882508104 326 5670 SH SOLE 5670 0 0 TIME WARNER CABLE INC COM 88732J207 246 1200 SH SOLE 1200 0 0 TRANSDIGM GROUP INC COM 893641100 286 1300 SH SOLE 1300 0 0 TRUPANION INC COM 898202106 4321 438700 SH OTR 0 0 438700 TWENTY FIRST CENTY FOX INC CL B 90130A200 220 7800 SH SOLE 7800 0 0 TWO HBRS INVT CORP COM 90187B101 1282 161500 SH SOLE 161500 0 0 UBS GROUP AG SHS H42097107 3051 190500 SH SOLE 190500 0 0 VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 14074 170000 SH SOLE 170000 0 0 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 5688 164500 SH SOLE 164500 0 0 VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 984 11000 SH SOLE 11000 0 0 VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 8302 231500 SH SOLE 231500 0 0 VORNADO RLTY TR SH BEN INT 929042109 1048 11100 SH SOLE 11100 0 0 WELLS FARGO & CO NEW COM 949746101 256 5300 SH SOLE 5300 0 0 WELLTOWER INC COM 95040Q104 1109 16000 SH SOLE 16000 0 0 WESCO AIRCRAFT HLDGS INC COM 950814103 288 20000 SH SOLE 20000 0 0 WESTERN ASSET EMRG MKT DEBT COM 95766A101 145 10000 SH SOLE 10000 0 0 WESTERN ASSET GLB HI INCOME COM 95766B109 271 30000 SH SOLE 30000 0 0 WESTERN ASSET MUN HI INCM FD COM 95766N103 109 13425 SH SOLE 13425 0 0 WISDOMTREE TR JAPN HEDGE EQT 97717W851 7955 182000 SH SOLE 182000 0 0 WISDOMTREE TR EUROPE SMCP DV 97717W869 1027 18000 SH SOLE 18000 0 0 ZILLOW GROUP INC CL A 98954M101 4623 180906 SH SOLE 180906 0 0 ZILLOW GROUP INC CL C CAP STK 98954M200 9575 403512 SH SOLE 403512 0 0