Cambridge Associates LLC /Ma/
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed June 23, 2026), Cambridge Associates LLC /Ma/ reported 46 stock positions worth $4.5 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 29.6% of the portfolio, followed by Vanguard Tot World STK ETF (VT, 15.7%) and iShares Core U.S. Aggregate (AGG, 7.5%). Compared with Q1 2025, it opened 2 new positions, sold out of 2, added to 15 and reduced 15. The biggest buy was a new position in iShares MSCI Eafe ETF (EFA) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0000733986
- Portfolio Value
- $4.5B (Q2 2025)
- SEC Filing
- 0001062993-26-003306 ↗ filed Jun 23, 2026
Holdings Value
Holdings 46 stocks · $4.5B
| VOO Vanguard S&P 500 ETF | 29.58% | 2,364,420 | $1.3B | Reduce -0.8% |
| VT Vanguard Tot World STK ETF | 15.73% | 5,554,415 | $714.1M | Add +16.0% |
| AGG iShares Core U.S. Aggregate | 7.52% | 3,440,357 | $341.3M | Add +276.2% |
| EFA iShares MSCI Eafe ETF | 6.91% | 3,508,740 | $313.6M | New |
| VTIP Vanguard Short-Term Tips | 5.33% | 4,810,623 | $241.8M | Add +13.3% |
| VGIT Vanguard Intermediate-Term T | 4.95% | 3,757,356 | $224.6M | Add +24.1% |
| VTI VG Morningstar TS MKT ETF-US | 4.29% | 640,269 | $194.7M | Add +14.0% |
| VEA Vanguard Ftse Developed ETF | 4.05% | 3,220,210 | $183.8M | Add +0.1% |
| VGLT Vanguard Long-Term Treasury | 3.01% | 2,644,422 | $136.5M | Add +27.8% |
| VWO Vanguard Ftse Emerging Marke | 2.51% | 2,298,708 | $113.8M | Add +0.7% |
| IVV iShares Core S&P 500 ETF | 1.74% | 127,502 | $79.2M | Reduce -13.8% |
| QUAL iShares MSCI USA Quality Fac | 1.29% | 319,388 | $58.4M | Reduce -7.1% |
| IAU iShares Gold Trust | 1.17% | 854,826 | $53.1M | Add +52.5% |
| VGSH Vanguard Short-Term Treasury | 1.11% | 867,511 | $50.3M | Add +82.8% |
| IWB iShares Russell 1000 ETF | 1.08% | 143,760 | $48.8M | No change |
| IEFA iShares Core MSCI Eafe ETF | 1.03% | 558,980 | $46.7M | Reduce -6.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.03% | 106,315 | $46.6M | No change |
| VONV Vanguard Russell 1000 Value | 0.97% | 519,237 | $44.2M | Add +9.1% |
| IEMG iShares Core MSCI Emerging | 0.83% | 626,187 | $37.6M | Reduce -20.2% |
| ACWI iShares MSCI Acwi ETF | 0.66% | 232,948 | $30.0M | Reduce -2.4% |
| IEF iShares 7-10 Year Treasury B | 0.66% | 312,963 | $30.0M | Add +62.4% |
| BND Vanguard Total Bond Market | 0.64% | 391,617 | $28.8M | Add +114.3% |
| VONG Vanguard Russell 1000 Growth | 0.50% | 206,440 | $22.5M | No change |
| VDE Vanguard Energy ETF | 0.48% | 184,100 | $21.9M | Add +10.0% |
| VXUS Vanguard Total Intl Stock | 0.41% | 271,724 | $18.8M | Reduce -48.5% |
| GNR State Street SPDR S&P Global | 0.37% | 309,990 | $16.8M | No change |
| TOV Jlens 500 Jewish Advy US ETF | 0.37% | 636,677 | $16.6M | New |
| GOVT iShares US Treasury Bond ETF | 0.33% | 644,870 | $14.8M | Reduce -29.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.32% | 81,110 | $14.3M | No change |
| VIOO Vanguard S&P Small-Cap 600 E | 0.20% | 87,956 | $8.9M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.19% | 14,034 | $8.7M | Reduce -33.6% |
| VNQ Vanguard Real Estate ETF | 0.12% | 62,903 | $5.6M | No change |
| IWV iShares Russell 3000 ETF | 0.11% | 14,597 | $5.1M | Add +3.8% |
| BSV Vanguard Short-Term Bond ETF | 0.10% | 59,893 | $4.7M | Reduce -32.4% |
| ESGV Vanguard ESG US Stock ETF | 0.07% | 30,566 | $3.4M | Reduce -76.0% |
| AVSC Avantis US Small Cap Equity | 0.06% | 55,103 | $2.8M | No change |
| ISTB iShares Core 1-5 Year Usd Bo | 0.05% | 47,033 | $2.3M | No change |
| STIP iShares 0-5 Year Tips Bond E | 0.05% | 22,105 | $2.3M | Reduce -17.7% |
| GLDM SPDR Gold Minishares Trust | 0.04% | 30,631 | $2.0M | No change |
| TIP iShares Tips Bond ETF | 0.04% | 17,842 | $2.0M | Reduce -83.9% |
| VSGX Vanguard ESG Intl Stock ETF | 0.03% | 20,232 | $1.3M | Reduce -73.4% |
| IGLB iShares 10+ Year Inv GR Corp. | 0.02% | 20,000 | $1.0M | No change |
| ISRA Vaneck Israel ETF | 0.02% | 15,615 | $809K | No change |
| URA Global X Uranium ETF | 0.02% | 19,100 | $741K | No change |
| EWC iShares MSCI Canada ETF | 0.02% | 15,450 | $714K | Reduce -23.5% |
| GLD SPDR Gold Shares | 0.01% | 2,196 | $669K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| VOO Vanguard S&P 500 ETF | Reduce -0.8% | 29.58% | −5.59 |
| IVV iShares Core S&P 500 ETF | Reduce -13.8% | 1.74% | −0.64 |
| VXUS Vanguard Total Intl Stock | Reduce -48.5% | 0.41% | −0.53 |
| QUAL iShares MSCI USA Quality Fac | Reduce -7.1% | 1.29% | −0.40 |
| IEMG iShares Core MSCI Emerging | Reduce -20.2% | 0.83% | −0.39 |
| TIP iShares Tips Bond ETF | Reduce -83.9% | 0.04% | −0.31 |
| ESGV Vanguard ESG US Stock ETF | Reduce -76.0% | 0.07% | −0.28 |
| GOVT iShares US Treasury Bond ETF | Reduce -29.0% | 0.33% | −0.27 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -6.5% | 1.03% | −0.27 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -33.6% | 0.19% | −0.15 |
| ACWI iShares MSCI Acwi ETF | Reduce -2.4% | 0.66% | −0.14 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -73.4% | 0.03% | −0.10 |
| BSV Vanguard Short-Term Bond ETF | Reduce -32.4% | 0.10% | −0.10 |
| VTEB Vanguard Tax-Exempt Bond ETF | Sold out | 0.00% | −0.08 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -17.7% | 0.05% | −0.03 |
| EWC iShares MSCI Canada ETF | Reduce -23.5% | 0.02% | −0.01 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| EFA iShares MSCI Eafe ETF | New | 6.91% | +6.91 |
| AGG iShares Core U.S. Aggregate | Add +276.2% | 7.52% | +4.92 |
| TOV Jlens 500 Jewish Advy US ETF | New | 0.37% | +0.37 |
| VGSH Vanguard Short-Term Treasury | Add +82.8% | 1.11% | +0.31 |
| BND Vanguard Total Bond Market | Add +114.3% | 0.64% | +0.25 |
| IAU iShares Gold Trust | Add +52.5% | 1.17% | +0.22 |
| IEF iShares 7-10 Year Treasury B | Add +62.4% | 0.66% | +0.13 |
| IWV iShares Russell 3000 ETF | Add +3.8% | 0.11% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Add +14.0% | 4.29% | −0.14 |
| VDE Vanguard Energy ETF | Add +10.0% | 0.48% | −0.14 |
| VONV Vanguard Russell 1000 Value | Add +9.1% | 0.97% | −0.15 |
| VT Vanguard Tot World STK ETF | Add +16.0% | 15.73% | −0.21 |
| VGIT Vanguard Intermediate-Term T | Add +24.1% | 4.95% | −0.21 |
| VGLT Vanguard Long-Term Treasury | Add +27.8% | 3.01% | −0.41 |
| VWO Vanguard Ftse Emerging Marke | Add +0.7% | 2.51% | −0.46 |
| VEA Vanguard Ftse Developed ETF | Add +0.1% | 4.05% | −0.65 |
| VTIP Vanguard Short-Term Tips | Add +13.3% | 5.33% | −0.76 |
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 |