Instuitional Investor - Global Endowment Management, Lp

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Bond Index Funds	BND	3,047,900	$224,173,045	24.95%
2.	Vanguard Star Fds		2,144,826	$124,314,115	13.83%
3.	Vanguard Index Fds		339,574	$80,553,744	8.96%
4.	J P Morgan Exchange Traded F		628,283	$56,137,086	6.24%
5.	Spdr S & P 500 Etf Trust	SPY	103,760	$49,318,166	5.48%