Cambridge Associates LLC /Ma/
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed June 23, 2026), Cambridge Associates LLC /Ma/ reported 46 stock positions worth $3.5 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 35.2% of the portfolio, followed by Vanguard Tot World STK ETF (VT, 15.9%) and Vanguard Short-Term Tips (VTIP, 6.1%). Compared with Q4 2024, it opened 1 new position, sold out of 6, added to 21 and reduced 12. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +25%) and the biggest sale Vanguard Mrngstar GR ETF-Sui (VUG, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0000733986
- Portfolio Value
- $3.5B (Q1 2025)
- SEC Filing
- 0001062993-26-003304 ↗ filed Jun 23, 2026
Holdings Value
Holdings 46 stocks · $3.5B
| VOO Vanguard S&P 500 ETF | 35.17% | 2,384,296 | $1.2B | Add +25.2% |
| VT Vanguard Tot World STK ETF | 15.94% | 4,789,871 | $555.4M | Add +3.9% |
| VTIP Vanguard Short-Term Tips | 6.08% | 4,247,177 | $211.9M | Add +4.1% |
| VGIT Vanguard Intermediate-Term T | 5.16% | 3,026,348 | $179.8M | Add +86.5% |
| VEA Vanguard Ftse Developed ETF | 4.70% | 3,218,144 | $163.6M | Add +15.1% |
| VTI VG Morningstar TS MKT ETF-US | 4.43% | 561,534 | $154.3M | Add +0.4% |
| VGLT Vanguard Long-Term Treasury | 3.42% | 2,069,208 | $119.2M | Add +17.9% |
| VWO Vanguard Ftse Emerging Marke | 2.96% | 2,282,415 | $103.3M | Add +15.1% |
| AGG iShares Core U.S. Aggregate | 2.60% | 914,509 | $90.5M | Add +4.2% |
| IVV iShares Core S&P 500 ETF | 2.38% | 147,847 | $83.1M | Reduce -0.8% |
| QUAL iShares MSCI USA Quality Fac | 1.69% | 343,760 | $58.7M | Add +22.1% |
| IEFA iShares Core MSCI Eafe ETF | 1.30% | 598,189 | $45.3M | Reduce -12.9% |
| IWB iShares Russell 1000 ETF | 1.27% | 143,760 | $44.1M | No change |
| IEMG iShares Core MSCI Emerging | 1.22% | 784,634 | $42.3M | Add +34.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.13% | 106,315 | $39.4M | Reduce -31.5% |
| VONV Vanguard Russell 1000 Value | 1.13% | 475,879 | $39.3M | Reduce -19.5% |
| IAU iShares Gold Trust | 0.95% | 560,628 | $33.1M | Add +7.5% |
| VXUS Vanguard Total Intl Stock | 0.94% | 527,342 | $32.7M | Add +66.0% |
| VGSH Vanguard Short-Term Treasury | 0.80% | 474,526 | $27.8M | Reduce -15.2% |
| ACWI iShares MSCI Acwi ETF | 0.80% | 238,733 | $27.8M | Reduce -20.1% |
| VDE Vanguard Energy ETF | 0.62% | 167,408 | $21.7M | Add +61.1% |
| GOVT iShares US Treasury Bond ETF | 0.60% | 908,045 | $20.9M | No change |
| VONG Vanguard Russell 1000 Growth | 0.55% | 206,440 | $19.2M | Reduce -3.8% |
| IEF iShares 7-10 Year Treasury B | 0.53% | 192,708 | $18.4M | No change |
| GNR State Street SPDR S&P Global | 0.47% | 309,990 | $16.5M | Reduce -1.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.40% | 81,110 | $14.0M | No change |
| BND Vanguard Total Bond Market | 0.39% | 182,733 | $13.4M | Add +46.2% |
| ESGV Vanguard ESG US Stock ETF | 0.36% | 127,632 | $12.5M | Add +50.4% |
| TIP iShares Tips Bond ETF | 0.35% | 110,883 | $12.3M | Add +23.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.34% | 21,142 | $11.8M | Reduce -8.6% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.24% | 87,956 | $8.5M | Add +145.0% |
| BSV Vanguard Short-Term Bond ETF | 0.20% | 88,603 | $6.9M | Reduce -0.5% |
| VNQ Vanguard Real Estate ETF | 0.16% | 62,903 | $5.7M | No change |
| VSGX Vanguard ESG Intl Stock ETF | 0.13% | 76,183 | $4.5M | Reduce -17.6% |
| IWV iShares Russell 3000 ETF | 0.13% | 14,063 | $4.5M | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.08% | 59,172 | $2.9M | No change |
| STIP iShares 0-5 Year Tips Bond E | 0.08% | 26,871 | $2.8M | Add +22.6% |
| AVSC Avantis US Small Cap Equity | 0.08% | 55,103 | $2.7M | Add +435.8% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.07% | 47,033 | $2.3M | Add +67.6% |
| GLDM SPDR Gold Minishares Trust | 0.05% | 30,631 | $1.9M | No change |
| IGLB iShares 10+ Year Inv GR Corp. | 0.03% | 20,000 | $1.0M | New |
| EWC iShares MSCI Canada ETF | 0.02% | 20,200 | $823K | No change |
| ISRA Vaneck Israel ETF | 0.02% | 15,615 | $659K | No change |
| GLD SPDR Gold Shares | 0.02% | 2,196 | $633K | Reduce -86.3% |
| URA Global X Uranium ETF | 0.01% | 19,100 | $438K | No change |
| TLT iShares 20+ Year Treasury BD | 0.01% | 2,749 | $250K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -31.5% | 1.13% | −0.91 |
| IVV iShares Core S&P 500 ETF | Reduce -0.8% | 2.38% | −0.43 |
| VONV Vanguard Russell 1000 Value | Reduce -19.5% | 1.13% | −0.41 |
| ACWI iShares MSCI Acwi ETF | Reduce -20.1% | 0.80% | −0.33 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.31 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -12.9% | 1.30% | −0.25 |
| VGSH Vanguard Short-Term Treasury | Reduce -15.2% | 0.80% | −0.24 |
| USMV iShares MSCI USA Min Vol Fac | Sold out | 0.00% | −0.19 |
| VONE Vanguard Russell 1000 | Sold out | 0.00% | −0.17 |
| VONG Vanguard Russell 1000 Growth | Reduce -3.8% | 0.55% | −0.16 |
| GLD SPDR Gold Shares | Reduce -86.3% | 0.02% | −0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.6% | 0.34% | −0.09 |
| ESGD iShares Trust iShares ESG Aw | Sold out | 0.00% | −0.08 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −0.08 |
| SPTI SS SPDR P Int Term TSY ETF | Sold out | 0.00% | −0.06 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -17.6% | 0.13% | −0.04 |
| GNR State Street SPDR S&P Global | Reduce -1.1% | 0.47% | −0.03 |
| BSV Vanguard Short-Term Bond ETF | Reduce -0.5% | 0.20% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| VOO Vanguard S&P 500 ETF | Add +25.2% | 35.17% | +2.32 |
| VGIT Vanguard Intermediate-Term T | Add +86.5% | 5.16% | +2.15 |
| VEA Vanguard Ftse Developed ETF | Add +15.1% | 4.70% | +0.41 |
| VXUS Vanguard Total Intl Stock | Add +66.0% | 0.94% | +0.34 |
| VGLT Vanguard Long-Term Treasury | Add +17.9% | 3.42% | +0.31 |
| IEMG iShares Core MSCI Emerging | Add +34.6% | 1.22% | +0.24 |
| VDE Vanguard Energy ETF | Add +61.1% | 0.62% | +0.22 |
| VWO Vanguard Ftse Emerging Marke | Add +15.1% | 2.96% | +0.17 |
| IAU iShares Gold Trust | Add +7.5% | 0.95% | +0.12 |
| VIOO Vanguard S&P Small-Cap 600 E | Add +145.0% | 0.24% | +0.12 |
| BND Vanguard Total Bond Market | Add +46.2% | 0.39% | +0.10 |
| QUAL iShares MSCI USA Quality Fac | Add +22.1% | 1.69% | +0.08 |
| ESGV Vanguard ESG US Stock ETF | Add +50.4% | 0.36% | +0.07 |
| AVSC Avantis US Small Cap Equity | Add +435.8% | 0.08% | +0.06 |
| TIP iShares Tips Bond ETF | Add +23.2% | 0.35% | +0.05 |
| IGLB iShares 10+ Year Inv GR Corp. | New | 0.03% | +0.03 |
| ISTB iShares Core 1-5 Year Usd Bo | Add +67.6% | 0.07% | +0.02 |
| STIP iShares 0-5 Year Tips Bond E | Add +22.6% | 0.08% | +0.01 |
| AGG iShares Core U.S. Aggregate | Add +4.2% | 2.60% | −0.13 |
| VTIP Vanguard Short-Term Tips | Add +4.1% | 6.08% | −0.24 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.4% | 4.43% | −0.76 |
| VT Vanguard Tot World STK ETF | Add +3.9% | 15.94% | −1.39 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 56 | $6.9B | VOO, VT, VEA, VTI, VGIT |
| Q1 2026Amended | 60 | $6.3B | VOO, VT, VEA, VTI, VGIT |
| Q4 2025Amended | 57 | $6.1B | VOO, VT, VTI, VEA, VGIT |
| Q3 2025Amended | 53 | $5.5B | VOO, VT, VTI, VEA, VGIT |
| Q2 2025Amended | 46 | $4.5B | VOO, VT, AGG, EFA, VTIP |
| Q1 2025Amended | 46 | $3.5B | VOO, VT, VTIP, VGIT, VEA |
| Q4 2024 | 51 | $3.1B | VOO, VT, VTIP, VTI, VEA |
| Q3 2024 | 64 | $2.7B | VOO, VT, VTIP, VEA, IVV |
| Q2 2024 | 50 | $2.2B | VOO, VT, VTIP, VEA, VTI |
| Q1 2024 | 51 | $1.9B | VOO, VT, VEA, IVV, VTI |