Instuitional Investor - Global Endowment Management, Lp

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Bond Index Funds	BND	2,031,788	$149,600,550	19.91%
2.	Vanguard Index Fds		340,983	$103,634,963	13.8%
3.	Vanguard Star Fds		1,252,430	$86,530,389	11.52%
4.	Spdr S & P 500 Etf Trust	SPY	89,363	$55,212,930	7.35%
5.	Vanguard Intl Equity Index Funds	VWO	302,086	$38,824,093	5.17%