Global Endowment Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M CO	COM	88579Y101	435	2,210	SH		SOLE		2,210	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	1,048	6,400	SH		SOLE		6,400	0	0
ACXIOM CORP	COM	005125109	365	12,210	SH		SOLE		12,210	0	0
ADAMS DIVERSIFIED EQUITY FD	COM	006212104	1,110	72,000	SH		SOLE		72,000	0	0
ADVANSIX INC	COM	00773T101	366	10,000	SH		SOLE		10,000	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	1,514	12,000	SH		SOLE		12,000	0	0
ALLERGAN PLC	SHS	G0177J108	6,175	37,040	SH		SOLE		37,040	0	0
ALLIANCE DATA SYSTEMS CORP	COM	018581108	459	1,970	SH		SOLE		1,970	0	0
ALLIANZGI EQUITY & CONV INCO	COM	018829101	1,335	60,000	SH		SOLE		60,000	0	0
ALPHABET INC	CAP STK CL C	02079K107	1,283	1,150	SH		SOLE		1,150	0	0
ALPHABET INC	CAP STK CL A	02079K305	9,034	8,000	SH		OTR	1	0	0	8,000
ALPHABET INC	CAP STK CL A	02079K305	6,787	6,010	SH		SOLE		6,010	0	0
ALTABA INC	COM	021346101	1,183	16,160	SH		SOLE		16,160	0	0
ALTRIA GROUP INC	COM	02209S103	430	7,570	SH		SOLE		7,570	0	0
AMAZON COM INC	COM	023135106	80,825	47,550	SH		SOLE		47,550	0	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	1,547	36,100	SH		SOLE		36,100	0	0
AMERICAN HOMES 4 RENT	CL A	02665T306	583	26,300	SH		SOLE		26,300	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	1,542	10,700	SH		SOLE		10,700	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	5,764	67,600	SH		SOLE		67,600	0	0
AMETEK INC NEW	COM	031100100	261	3,610	SH		SOLE		3,610	0	0
APARTMENT INVT & MGMT CO	CL A	03748R101	588	13,900	SH		SOLE		13,900	0	0
APPLE INC	COM	037833100	568	3,070	SH		SOLE		3,070	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	405	15,330	SH		SOLE		15,330	0	0
AUTOZONE INC	COM	053332102	456	680	SH		SOLE		680	0	0
AXALTA COATING SYS LTD	COM	G0750C108	310	10,230	SH		SOLE		10,230	0	0
BANK AMER CORP	COM	060505104	372	13,210	SH		SOLE		13,210	0	0
BANK AMER CORP	*W EXP 01/16/201	060505146	190	11,640	SH		SOLE		11,640	0	0
BANK OF THE OZARKS	COM	063904106	283	6,280	SH		SOLE		6,280	0	0
BARCLAYS BK PLC	DJUBS CMDT ETN36	06738C778	5,832	239,500	SH		SOLE		239,500	0	0
BARCLAYS BK PLC	ETN+ SEL MLP	06742C723	3,152	155,400	SH		SOLE		155,400	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	2,820	10	SH		OTR	1	0	0	10
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	140,578	753,170	SH		SOLE		753,170	0	0
BIOGEN INC	COM	09062X103	6,408	22,080	SH		SOLE		22,080	0	0
BOOKING HLDGS INC	COM	09857L108	487	240	SH		SOLE		240	0	0
BRANDYWINE RLTY TR	SH BEN INT NEW	105368203	1,535	91,000	SH		SOLE		91,000	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	6,474	117,000	SH		SOLE		117,000	0	0
CAMPBELL SOUP CO	COM	134429109	7,009	172,900	SH		SOLE		172,900	0	0
CARDINAL HEALTH INC	COM	14149Y108	5,718	117,100	SH		SOLE		117,100	0	0
CARMAX INC	COM	143130102	382	5,240	SH		SOLE		5,240	0	0
CDW CORP	COM	12514G108	376	4,650	SH		SOLE		4,650	0	0
CHARTER COMMUNICATIONS INC N	CL A	16119P108	782	2,670	SH		SOLE		2,670	0	0
CIMPRESS N V	SHS EURO	N20146101	573	3,950	SH		SOLE		3,950	0	0
CITIGROUP INC	COM NEW	172967424	366	5,460	SH		SOLE		5,460	0	0
CLOROX CO DEL	COM	189054109	331	2,450	SH		SOLE		2,450	0	0
COMCAST CORP NEW	CL A	20030N101	6,482	197,550	SH		SOLE		197,550	0	0
COMMSCOPE HLDG CO INC	COM	20337X109	672	23,030	SH		SOLE		23,030	0	0
COMPASS MINERALS INTL INC	COM	20451N101	6,292	95,700	SH		SOLE		95,700	0	0
CORESITE RLTY CORP	COM	21870Q105	1,539	13,890	SH		SOLE		13,890	0	0
CORNERSTONE ONDEMAND INC	COM	21925Y103	833	17,560	SH		SOLE		17,560	0	0
COSTAR GROUP INC	COM	22160N109	429	1,040	SH		SOLE		1,040	0	0
CREDIT ACCEP CORP MICH	COM	225310101	17,140	48,500	SH		OTR	1	0	0	48,500
CREDIT ACCEP CORP MICH	COM	225310101	13,422	37,980	SH		SOLE		37,980	0	0
CUBESMART	COM	229663109	1,540	47,800	SH		SOLE		47,800	0	0
CVS HEALTH CORP	COM	126650100	5,888	91,500	SH		SOLE		91,500	0	0
DBX ETF TR	XTRACK MSCI CHNA	233051762	969	15,000	SH		SOLE		15,000	0	0
DBX ETF TR	XTRACK HRVST CSI	233051879	886	33,400	SH		SOLE		33,400	0	0
DCT INDUSTRIAL TRUST INC	COM NEW	233153204	591	8,850	SH		SOLE		8,850	0	0
DEERE & CO	COM	244199105	375	2,680	SH		SOLE		2,680	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	340	6,860	SH		SOLE		6,860	0	0
DISNEY WALT CO	COM DISNEY	254687106	6,175	58,920	SH		SOLE		58,920	0	0
DOMINION ENERGY MIDSTRM PRTN	COM UT REP LTD	257454108	6,593	96,700	SH		SOLE		96,700	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	466	3,820	SH		SOLE		3,820	0	0
ELLINGTON FINANCIAL LLC	COM	288522303	468	30,000	SH		SOLE		30,000	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	1,504	88,000	SH		SOLE		88,000	0	0
EQT CORP	COM	26884L109	347	6,280	SH		SOLE		6,280	0	0
EQUINIX INC	COM PAR $0.001	29444U700	1,991	4,630	SH		SOLE		4,630	0	0
EXPEDIA GROUP INC	COM NEW	30212P303	713	5,930	SH		SOLE		5,930	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	6,054	78,410	SH		SOLE		78,410	0	0
F5 NETWORKS INC	COM	315616102	638	3,700	SH		SOLE		3,700	0	0
FACEBOOK INC	CL A	30303M102	11,659	60,000	SH		OTR	1	0	0	60,000
FACEBOOK INC	CL A	30303M102	6,801	35,000	SH		SOLE		35,000	0	0
FASTENAL CO	COM	311900104	632	13,130	SH		SOLE		13,130	0	0
FEDEX CORP	COM	31428X106	315	1,390	SH		SOLE		1,390	0	0
FIRST INDUSTRIAL REALTY TRUS	COM	32054K103	927	27,800	SH		SOLE		27,800	0	0
FOREST CITY RLTY TR INC	COM CL A	345605109	342	15,000	SH		SOLE		15,000	0	0
GARTNER INC	COM	366651107	310	2,330	SH		SOLE		2,330	0	0
GCI LIBERTY INC	COM CLASS A	36164V305	711	15,770	SH		SOLE		15,770	0	0
GENERAL ELECTRIC CO	COM	369604103	6,565	482,300	SH		SOLE		482,300	0	0
GENERAL MLS INC	COM	370334104	6,250	141,200	SH		SOLE		141,200	0	0
GENPACT LIMITED	SHS	G3922B107	16,830	581,750	SH		SOLE		581,750	0	0
GENUINE PARTS CO	COM	372460105	341	3,720	SH		SOLE		3,720	0	0
GLOBAL X FDS	GB MSCI AR ETF	37950E259	647	24,000	SH		SOLE		24,000	0	0
GLOBAL X FDS	MSCI GREECE ETF	37950E366	183	20,000	SH		SOLE		20,000	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	408	1,850	SH		SOLE		1,850	0	0
GRANITE PT MTG TR INC	COM	38741L107	826	45,000	SH		SOLE		45,000	0	0
GRUBHUB INC	COM	400110102	671	6,400	SH		SOLE		6,400	0	0
GULFPORT ENERGY CORP	COM NEW	402635304	491	39,070	SH		SOLE		39,070	0	0
HEALTHCARE TR AMER INC	CL A NEW	42225P501	1,549	57,460	SH		SOLE		57,460	0	0
HERBALIFE NUTRITION LTD	COM SHS	G4412G101	325	6,050	SH		SOLE		6,050	0	0
HERSHEY CO	COM	427866108	6,356	68,300	SH		SOLE		68,300	0	0
HIGHWOODS PPTYS INC	COM	431284108	1,557	30,700	SH		SOLE		30,700	0	0
HOME DEPOT INC	COM	437076102	650	3,330	SH		SOLE		3,330	0	0
HONEYWELL INTL INC	COM	438516106	432	3,000	SH		SOLE		3,000	0	0
HORMEL FOODS CORP	COM	440452100	485	13,040	SH		SOLE		13,040	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	1,476	70,060	SH		SOLE		70,060	0	0
INTERACTIVE BROKERS GROUP IN	COM	45841N107	689	10,690	SH		SOLE		10,690	0	0
INVESCO DB MLTI SECTR CMMTY	AGRICULTURE FD	46140H106	2,524	140,000	SH		SOLE		140,000	0	0
INVESCO EXCHNG TRADED FD TR	SR LN ETF	46138G508	1,489	65,000	SH		SOLE		65,000	0	0
INVESCO MORTGAGE CAPITAL INC	COM	46131B100	477	30,000	SH		SOLE		30,000	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	2,901	16,900	SH		SOLE		16,900	0	0
INVESCO QUALITY MUNI INC TRS	COM	46133G107	238	20,000	SH		SOLE		20,000	0	0
INVITATION HOMES INC	COM	46187W107	962	41,713	SH		SOLE		41,713	0	0
ISHARES GOLD TRUST	ISHARES	464285105	232	19,300	SH		SOLE		19,300	0	0
ISHARES INC	MSCI CDA ETF	464286509	710	24,890	SH		SOLE		24,890	0	0
ISHARES INC	MSCI FRANCE ETF	464286707	689	22,570	SH		SOLE		22,570	0	0
ISHARES INC	MSCI SWITZERLAND	464286749	911	27,950	SH		SOLE		27,950	0	0
ISHARES INC	MSCI SWEDEN ETF	464286756	338	11,090	SH		SOLE		11,090	0	0
ISHARES INC	MSCI SPAIN ETF	464286764	2,018	66,500	SH		SOLE		66,500	0	0
ISHARES INC	MSCI STH KOR ETF	464286772	1,320	19,500	SH		SOLE		19,500	0	0
ISHARES INC	MSCI GERMANY ETF	464286806	1,911	63,730	SH		SOLE		63,730	0	0
ISHARES INC	MSCI NETHERL ETF	464286814	276	9,060	SH		SOLE		9,060	0	0
ISHARES INC	MSCI MEXICO ETF	464286822	2,357	50,000	SH		SOLE		50,000	0	0
ISHARES INC	MSCI HONG KG ETF	464286871	242	10,000	SH		SOLE		10,000	0	0
ISHARES INC	MSCI TAIWAN ETF	46434G772	1,181	32,800	SH		SOLE		32,800	0	0
ISHARES INC	MSCI SINGPOR ETF	46434G780	806	33,600	SH		SOLE		33,600	0	0
ISHARES INC	MSCI JPN ETF NEW	46434G822	2,160	37,300	SH		SOLE		37,300	0	0
ISHARES INC	MSCI ITALY ETF	46434G830	430	14,895	SH		SOLE		14,895	0	0
ISHARES TR	TIPS BD ETF	464287176	2,935	26,000	SH		SOLE		26,000	0	0
ISHARES TR	S&P 500 VAL ETF	464287408	2,170	19,700	SH		SOLE		19,700	0	0
ISHARES TR	20 YR TR BD ETF	464287432	1,254	10,300	SH		SOLE		10,300	0	0
ISHARES TR	BARCLAYS 7 10 YR	464287440	2,388	23,300	SH		SOLE		23,300	0	0
ISHARES TR	NASDAQ BIOTECH	464287556	563	5,125	SH		SOLE		5,125	0	0
ISHARES TR	3 7 YR TREAS BD	464288661	1,824	15,200	SH		SOLE		15,200	0	0
ISHARES TR	MSCI PHILIPS ETF	46429B408	302	10,000	SH		SOLE		10,000	0	0
ISHARES TR	MSCI IRELAND ETF	46429B507	1,188	25,100	SH		SOLE		25,100	0	0
ISHARES TR	MSCI INDIA ETF	46429B598	1,987	59,700	SH		SOLE		59,700	0	0
ISHARES TR	MSCI UK ETF NEW	46435G334	3,808	109,500	SH		SOLE		109,500	0	0
JBG SMITH PPTYS	COM	46590V100	401	11,000	SH		SOLE		11,000	0	0
JPMORGAN CHASE & CO	COM	46625H100	327	3,140	SH		SOLE		3,140	0	0
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	6,478	243,700	SH		SOLE		243,700	0	0
KINDER MORGAN INC DEL	COM	49456B101	417	23,610	SH		SOLE		23,610	0	0
L BRANDS INC	COM	501797104	6,502	176,300	SH		SOLE		176,300	0	0
LAM RESEARCH CORP	COM	512807108	302	1,750	SH		SOLE		1,750	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	382	13,850	SH		SOLE		13,850	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	529	19,880	SH		SOLE		19,880	0	0
LIBERTY MEDIA CORP DELAWARE	COM C SIRIUSXM	531229607	375	8,260	SH		SOLE		8,260	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	1,494	33,700	SH		SOLE		33,700	0	0
LOCKHEED MARTIN CORP	COM	539830109	570	1,930	SH		SOLE		1,930	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	421	3,830	SH		SOLE		3,830	0	0
MACERICH CO	COM	554382101	568	10,000	SH		SOLE		10,000	0	0
MANITOWOC CO INC	COM NEW	563571405	363	14,010	SH		SOLE		14,010	0	0
MCKESSON CORP	COM	58155Q103	5,973	44,770	SH		SOLE		44,770	0	0
MID AMER APT CMNTYS INC	COM	59522J103	1,569	15,580	SH		SOLE		15,580	0	0
MONDELEZ INTL INC	CL A	609207105	6,446	157,200	SH		SOLE		157,200	0	0
MONRO INC	COM	610236101	209	3,600	SH		SOLE		3,600	0	0
MORGAN STANLEY CHINA A SH FD	COM	617468103	923	40,000	SH		SOLE		40,000	0	0
MPLX LP	COM UNIT REP LTD	55336V100	275	8,030	SH		SOLE		8,030	0	0
NATIONAL INSTRS CORP	COM	636518102	307	7,330	SH		SOLE		7,330	0	0
NUVEEN MARYLAND QLT MUN INC	COM	67061Q107	182	15,000	SH		SOLE		15,000	0	0
NUVEEN PFD & INCM OPPORTNYS	COM	67073B106	746	80,000	SH		SOLE		80,000	0	0
NUVEEN QUALITY MUNCP INCOME	COM	67066V101	798	60,000	SH		SOLE		60,000	0	0
OAKTREE CAP GROUP LLC	UNIT CL A	674001201	407	10,000	SH		SOLE		10,000	0	0
ORACLE CORP	COM	68389X105	340	7,710	SH		SOLE		7,710	0	0
PENNSYLVANIA RL ESTATE INVT	SH BEN INT	709102107	1,496	136,110	SH		SOLE		136,110	0	0
PHILIP MORRIS INTL INC	COM	718172109	6,656	82,440	SH		SOLE		82,440	0	0
POST HLDGS INC	COM	737446104	540	6,270	SH		SOLE		6,270	0	0
PROCTER AND GAMBLE CO	COM	742718109	6,471	82,900	SH		SOLE		82,900	0	0
PTC INC	COM	69370C100	535	5,700	SH		SOLE		5,700	0	0
QUALCOMM INC	COM	747525103	253	4,504	SH		SOLE		4,504	0	0
QURATE RETAIL INC	COM SER A	74915M100	2,035	95,889	SH		OTR	2	0	0	95,889
QURATE RETAIL INC	COM SER A	74915M100	457	21,520	SH		SOLE		21,520	0	0
REGENCY CTRS CORP	COM	758849103	1,577	25,390	SH		SOLE		25,390	0	0
RETAIL PPTYS AMER INC	CL A	76131V202	1,564	122,400	SH		SOLE		122,400	0	0
ROCKWELL COLLINS INC	COM	774341101	478	3,550	SH		SOLE		3,550	0	0
RYANAIR HLDGS PLC	SPONSORED ADR NE	783513203	1,265	11,076	SH		OTR	2	0	0	11,076
SBA COMMUNICATIONS CORP NEW	CL A	78410G104	307	1,860	SH		SOLE		1,860	0	0
SCHWAB CHARLES CORP NEW	COM	808513105	915	17,910	SH		SOLE		17,910	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	603	11,700	SH		SOLE		11,700	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	584	5,340	SH		SOLE		5,340	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	558	21,000	SH		SOLE		21,000	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	1,561	22,465	SH		SOLE		22,465	0	0
SELECT SECTOR SPDR TR	COMMUNICATION	81369Y852	461	9,300	SH		SOLE		9,300	0	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	5,108	98,300	SH		SOLE		98,300	0	0
SHAKE SHACK INC	CL A	819047101	5,956	90,000	SH		OTR	1	0	0	90,000
SIMON PPTY GROUP INC NEW	COM	828806109	1,549	9,100	SH		SOLE		9,100	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	1,190	16,980	SH		SOLE		16,980	0	0
SOLAR CAP LTD	COM	83413U100	715	35,000	SH		SOLE		35,000	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	2,373	20,000	SH		SOLE		20,000	0	0
SPDR INDEX SHS FDS	EURO STOXX 50	78463X202	6,286	164,000	SH		SOLE		164,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	35,809	132,000	SH		SOLE		132,000	0	0
SPDR SERIES TRUST	S&P REGL BKG	78464A698	305	5,000	SH		SOLE		5,000	0	0
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	2,071	48,100	SH		SOLE		48,100	0	0
SPDR SERIES TRUST	OILGAS EQUIP	78464A748	1,803	106,300	SH		SOLE		106,300	0	0
SPDR SERIES TRUST	S&P METALS MNG	78464A755	355	10,000	SH		SOLE		10,000	0	0
SPDR SERIES TRUST	S&P HOMEBUILD	78464A888	558	14,100	SH		SOLE		14,100	0	0
SPIRIT RLTY CAP INC NEW	COM	84860W102	466	58,000	SH		SOLE		58,000	0	0
STORE CAP CORP	COM	862121100	1,542	56,300	SH		SOLE		56,300	0	0
SUN CMNTYS INC	COM	866674104	1,505	15,380	SH		SOLE		15,380	0	0
SUNSTONE HOTEL INVS INC NEW	COM	867892101	1,462	87,900	SH		SOLE		87,900	0	0
TABLEAU SOFTWARE INC	CL A	87336U105	308	3,150	SH		SOLE		3,150	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	1,576	67,100	SH		SOLE		67,100	0	0
TAUBMAN CTRS INC	COM	876664103	1,575	26,800	SH		SOLE		26,800	0	0
TEMPUR SEALY INTL INC	COM	88023U101	783	16,280	SH		SOLE		16,280	0	0
TEXAS INSTRS INC	COM	882508104	625	5,670	SH		SOLE		5,670	0	0
TRANSDIGM GROUP INC	COM	893641100	883	2,560	SH		SOLE		2,560	0	0
TRUPANION INC	COM	898202106	9,202	238,400	SH		OTR	1	0	0	238,400
TWENTY FIRST CENTY FOX INC	CL A	90130A101	757	15,240	SH		SOLE		15,240	0	0
TWO HBRS INVT CORP	COM NEW	90187B408	316	20,000	SH		SOLE		20,000	0	0
TYLER TECHNOLOGIES INC	COM	902252105	309	1,390	SH		SOLE		1,390	0	0
UDR INC	COM	902653104	942	25,100	SH		SOLE		25,100	0	0
UNITED CONTL HLDGS INC	COM	910047109	1,426	20,460	SH		SOLE		20,460	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	258	1,050	SH		SOLE		1,050	0	0
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	4,127	185,000	SH		SOLE		185,000	0	0
VANECK VECTORS ETF TR	RUSSIA ETF	92189F403	637	30,000	SH		SOLE		30,000	0	0
VANECK VECTORS ETF TR	AGRIBUSINESS ETF	92189F700	311	5,000	SH		SOLE		5,000	0	0
VANECK VECTORS ETF TR	VIETNAM ETF	92189F817	224	14,000	SH		SOLE		14,000	0	0
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	10,485	132,400	SH		SOLE		132,400	0	0
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	4,154	51,000	SH		SOLE		51,000	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	8,326	197,300	SH		SOLE		197,300	0	0
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	8,370	195,100	SH		SOLE		195,100	0	0
VANGUARD WORLD FDS	ENERGY ETF	92204A306	2,780	25,971	SH		SOLE		25,971	0	0
VANGUARD WORLD FDS	MATERIALS ETF	92204A801	1,434	10,900	SH		SOLE		10,900	0	0
VENTAS INC	COM	92276F100	1,538	27,000	SH		SOLE		27,000	0	0
VERINT SYS INC	COM	92343X100	438	9,880	SH		SOLE		9,880	0	0
VISA INC	COM CL A	92826C839	12,057	91,030	SH		SOLE		91,030	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	1,558	50,600	SH		SOLE		50,600	0	0
WELLS FARGO CO NEW	COM	949746101	439	7,910	SH		SOLE		7,910	0	0
WESCO AIRCRAFT HLDGS INC	COM	950814103	363	32,220	SH		SOLE		32,220	0	0
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	14,305	265,000	SH		SOLE		265,000	0	0
WISDOMTREE TR	EUROPE SMCP DV	97717W869	1,266	19,400	SH		SOLE		19,400	0	0
WISDOMTREE TR	EUROPE HEDGED EQ	97717X701	1,200	19,000	SH		SOLE		19,000	0	0
ZEBRA TECHNOLOGIES CORP	CL A	989207105	382	2,670	SH		SOLE		2,670	0	0
ZILLOW GROUP INC	CL A	98954M101	10,512	175,941	SH		SOLE		175,941	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	24,057	407,342	SH		SOLE		407,342	0	0