Cambridge Associates LLC /Ma/
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed June 23, 2026), Cambridge Associates LLC /Ma/ reported 53 stock positions worth $5.5 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 28.0% of the portfolio, followed by Vanguard Tot World STK ETF (VT, 14.0%) and VG Morningstar TS MKT ETF-US (VTI, 10.2%). Compared with Q2 2025, it opened 10 new positions, sold out of 3, added to 27 and reduced 6. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +165%) and the biggest sale an exit from iShares MSCI Eafe ETF (EFA).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0000733986
- Portfolio Value
- $5.5B (Q3 2025)
- SEC Filing
- 0001062993-26-003307 ↗ filed Jun 23, 2026
Holdings Value
Holdings 53 stocks · $5.5B
| VOO Vanguard S&P 500 ETF | 27.98% | 2,491,448 | $1.5B | Add +5.4% |
| VT Vanguard Tot World STK ETF | 14.02% | 5,547,664 | $764.5M | Reduce -0.1% |
| VTI VG Morningstar TS MKT ETF-US | 10.20% | 1,694,819 | $556.2M | Add +164.7% |
| VEA Vanguard Ftse Developed ETF | 9.17% | 8,347,622 | $500.2M | Add +159.2% |
| VGIT Vanguard Intermediate-Term T | 6.05% | 5,495,265 | $329.9M | Add +46.3% |
| VTIP Vanguard Short-Term Tips | 4.60% | 4,957,303 | $250.8M | Add +3.0% |
| AGG iShares Core U.S. Aggregate | 3.48% | 1,894,657 | $189.9M | Reduce -44.9% |
| VWO Vanguard Ftse Emerging Marke | 3.18% | 3,202,086 | $173.5M | Add +39.3% |
| VGLT Vanguard Long-Term Treasury | 2.34% | 2,027,018 | $127.6M | Reduce -23.4% |
| IVV iShares Core S&P 500 ETF | 1.77% | 144,201 | $96.5M | Add +13.1% |
| SGOV iShares 0-3 Month Treasury B | 1.45% | 782,642 | $78.8M | New |
| VGSH Vanguard Short-Term Treasury | 1.36% | 1,261,797 | $74.2M | Add +45.5% |
| IAU iShares Gold Trust | 1.17% | 873,240 | $63.5M | Add +2.1% |
| IEFA iShares Core MSCI Eafe ETF | 1.12% | 702,407 | $61.3M | Add +25.7% |
| IWB iShares Russell 1000 ETF | 0.98% | 146,323 | $53.5M | Add +1.8% |
| IEMG iShares Core MSCI Emerging | 0.92% | 763,309 | $50.3M | Add +21.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.91% | 103,033 | $49.4M | Reduce -3.1% |
| AVSC Avantis US Small Cap Equity | 0.88% | 837,617 | $48.0M | Add +1420.1% |
| VONV Vanguard Russell 1000 Value | 0.87% | 530,123 | $47.4M | Add +2.1% |
| BND Vanguard Total Bond Market | 0.86% | 629,074 | $46.8M | Add +60.6% |
| ACWI iShares MSCI Acwi ETF | 0.66% | 260,477 | $36.0M | Add +11.8% |
| TOV Jlens 500 Jewish Advy US ETF | 0.55% | 1,075,222 | $30.2M | Add +68.9% |
| QUAL iShares MSCI USA Quality Fac | 0.54% | 151,546 | $29.5M | Reduce -52.5% |
| VDE Vanguard Energy ETF | 0.49% | 211,153 | $26.6M | Add +14.7% |
| VONG Vanguard Russell 1000 Growth | 0.46% | 209,908 | $25.3M | Add +1.7% |
| GQGU GQG US Equity ETF | 0.42% | 905,449 | $22.9M | New |
| VXUS Vanguard Total Intl Stock | 0.37% | 271,724 | $20.0M | No change |
| GNR State Street SPDR S&P Global | 0.36% | 327,747 | $19.4M | Add +5.7% |
| IEF iShares 7-10 Year Treasury B | 0.31% | 175,948 | $17.0M | Reduce -43.8% |
| KRMN Karman Holdings Inc. | 0.28% | 249,011 | $15.5M | New |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.28% | 81,110 | $15.1M | No change |
| GOVT iShares US Treasury Bond ETF | 0.27% | 644,870 | $14.9M | No change |
| VIOO Vanguard S&P Small-Cap 600 E | 0.18% | 87,956 | $9.7M | No change |
| STIP iShares 0-5 Year Tips Bond E | 0.18% | 93,853 | $9.7M | Add +324.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 14,100 | $9.4M | Add +0.5% |
| VNQ Vanguard Real Estate ETF | 0.16% | 94,533 | $8.6M | Add +50.3% |
| ESGV Vanguard ESG US Stock ETF | 0.14% | 62,992 | $7.5M | Add +106.1% |
| BIZD Vaneck BDC Income ETF | 0.13% | 461,182 | $6.9M | New |
| TIP iShares Tips Bond ETF | 0.12% | 59,496 | $6.6M | Add +233.5% |
| IWV iShares Russell 3000 ETF | 0.10% | 14,597 | $5.5M | No change |
| BSV Vanguard Short-Term Bond ETF | 0.09% | 59,893 | $4.7M | No change |
| VONE Vanguard Russell 1000 | 0.08% | 14,513 | $4.4M | New |
| EWC iShares MSCI Canada ETF | 0.07% | 77,244 | $3.9M | Add +400.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.06% | 61,762 | $3.1M | New |
| VSGX Vanguard ESG Intl Stock ETF | 0.05% | 37,954 | $2.6M | Add +87.6% |
| GLDM SPDR Gold Minishares Trust | 0.04% | 30,631 | $2.3M | No change |
| ISTB iShares Core 1-5 Year Usd Bo | 0.04% | 47,033 | $2.3M | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.03% | 4,992 | $1.5M | New |
| IWR iShares Russell Mid-Cap ETF | 0.02% | 12,198 | $1.2M | New |
| RSP Invesco S&P 500 Equal Weight | 0.02% | 5,412 | $1.0M | New |
| URA Global X Uranium ETF | 0.02% | 19,100 | $910K | No change |
| ISRA Vaneck Israel ETF | 0.02% | 15,615 | $853K | No change |
| VXF Vanguard Extended Market ETF | 0.00% | 1,229 | $257K | New |
Portfolio Sells Q2 2025 → Q3 2025
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −6.91 |
| AGG iShares Core U.S. Aggregate | Reduce -44.9% | 3.48% | −4.03 |
| VT Vanguard Tot World STK ETF | Reduce -0.1% | 14.02% | −1.71 |
| QUAL iShares MSCI USA Quality Fac | Reduce -52.5% | 0.54% | −0.75 |
| VGLT Vanguard Long-Term Treasury | Reduce -23.4% | 2.34% | −0.67 |
| IEF iShares 7-10 Year Treasury B | Reduce -43.8% | 0.31% | −0.35 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -3.1% | 0.91% | −0.12 |
| IGLB iShares 10+ Year Inv GR Corp. | Sold out | 0.00% | −0.02 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| VTI VG Morningstar TS MKT ETF-US | Add +164.7% | 10.20% | +5.91 |
| VEA Vanguard Ftse Developed ETF | Add +159.2% | 9.17% | +5.12 |
| SGOV iShares 0-3 Month Treasury B | New | 1.45% | +1.45 |
| VGIT Vanguard Intermediate-Term T | Add +46.3% | 6.05% | +1.10 |
| AVSC Avantis US Small Cap Equity | Add +1420.1% | 0.88% | +0.82 |
| VWO Vanguard Ftse Emerging Marke | Add +39.3% | 3.18% | +0.67 |
| GQGU GQG US Equity ETF | New | 0.42% | +0.42 |
| KRMN Karman Holdings Inc. | New | 0.28% | +0.28 |
| VGSH Vanguard Short-Term Treasury | Add +45.5% | 1.36% | +0.25 |
| BND Vanguard Total Bond Market | Add +60.6% | 0.86% | +0.22 |
| TOV Jlens 500 Jewish Advy US ETF | Add +68.9% | 0.55% | +0.19 |
| STIP iShares 0-5 Year Tips Bond E | Add +324.6% | 0.18% | +0.13 |
| BIZD Vaneck BDC Income ETF | New | 0.13% | +0.13 |
| IEFA iShares Core MSCI Eafe ETF | Add +25.7% | 1.12% | +0.10 |
| IEMG iShares Core MSCI Emerging | Add +21.9% | 0.92% | +0.09 |
| VONE Vanguard Russell 1000 | New | 0.08% | +0.08 |
| TIP iShares Tips Bond ETF | Add +233.5% | 0.12% | +0.08 |
| ESGV Vanguard ESG US Stock ETF | Add +106.1% | 0.14% | +0.06 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.06% | +0.06 |
| EWC iShares MSCI Canada ETF | Add +400.0% | 0.07% | +0.06 |
| VNQ Vanguard Real Estate ETF | Add +50.3% | 0.16% | +0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.03% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +13.1% | 1.77% | +0.03 |
| IWR iShares Russell Mid-Cap ETF | New | 0.02% | +0.02 |
| VSGX Vanguard ESG Intl Stock ETF | Add +87.6% | 0.05% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | New | 0.02% | +0.02 |
| VXF Vanguard Extended Market ETF | New | 0.00% | +0.00 |
| VDE Vanguard Energy ETF | Add +14.7% | 0.49% | +0.00 |
| ACWI iShares MSCI Acwi ETF | Add +11.8% | 0.66% | −0.00 |
| IAU iShares Gold Trust | Add +2.1% | 1.17% | −0.00 |
| GNR State Street SPDR S&P Global | Add +5.7% | 0.36% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.5% | 0.17% | −0.02 |
| VONG Vanguard Russell 1000 Growth | Add +1.7% | 0.46% | −0.03 |
| IWB iShares Russell 1000 ETF | Add +1.8% | 0.98% | −0.09 |
| VONV Vanguard Russell 1000 Value | Add +2.1% | 0.87% | −0.11 |
| VTIP Vanguard Short-Term Tips | Add +3.0% | 4.60% | −0.73 |
| VOO Vanguard S&P 500 ETF | Add +5.4% | 27.98% | −1.61 |
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 |