Cambridge Associates LLC /Ma/
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed June 23, 2026), Cambridge Associates LLC /Ma/ reported 57 stock positions worth $6.1 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 28.2% of the portfolio, followed by Vanguard Tot World STK ETF (VT, 18.7%) and VG Morningstar TS MKT ETF-US (VTI, 9.5%). Compared with Q3 2025, it opened 6 new positions, sold out of 2, added to 19 and reduced 16. The biggest buy was Vanguard Tot World STK ETF (VT, shares +46%) and the biggest sale iShares Core U.S. Aggregate (AGG, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0000733986
- Portfolio Value
- $6.1B (Q4 2025)
- SEC Filing
- 0001062993-26-003309 ↗ filed Jun 23, 2026
Holdings Value
Holdings 57 stocks · $6.1B
| VOO Vanguard S&P 500 ETF | 28.18% | 2,745,610 | $1.7B | Add +10.2% |
| VT Vanguard Tot World STK ETF | 18.70% | 8,100,494 | $1.1B | Add +46.0% |
| VTI VG Morningstar TS MKT ETF-US | 9.47% | 1,726,016 | $578.7M | Add +1.8% |
| VEA Vanguard Ftse Developed ETF | 9.35% | 9,146,753 | $571.4M | Add +9.6% |
| VGIT Vanguard Intermediate-Term T | 5.47% | 5,577,346 | $334.3M | Add +1.5% |
| VTIP Vanguard Short-Term Tips | 4.57% | 5,645,661 | $279.2M | Add +13.9% |
| VWO Vanguard Ftse Emerging Marke | 2.87% | 3,264,859 | $175.5M | Add +2.0% |
| VGLT Vanguard Long-Term Treasury | 2.29% | 2,510,756 | $140.1M | Add +23.9% |
| AGG iShares Core U.S. Aggregate | 1.56% | 955,065 | $95.4M | Reduce -49.6% |
| IVV iShares Core S&P 500 ETF | 1.35% | 120,172 | $82.3M | Reduce -16.7% |
| VGSH Vanguard Short-Term Treasury | 1.16% | 1,202,093 | $70.6M | Reduce -4.7% |
| IEFA iShares Core MSCI Eafe ETF | 1.14% | 777,324 | $69.5M | Add +10.7% |
| IAU iShares Gold Trust | 1.00% | 750,805 | $60.9M | Reduce -14.0% |
| SGOV iShares 0-3 Month Treasury B | 0.93% | 563,997 | $56.6M | Reduce -27.9% |
| AVSC Avantis US Small Cap Equity | 0.89% | 922,735 | $54.2M | Add +10.2% |
| BND Vanguard Total Bond Market | 0.87% | 716,492 | $53.1M | Add +13.9% |
| IEMG iShares Core MSCI Emerging | 0.80% | 723,355 | $48.6M | Reduce -5.2% |
| VONV Vanguard Russell 1000 Value | 0.80% | 526,321 | $48.6M | Reduce -0.7% |
| IWB iShares Russell 1000 ETF | 0.76% | 124,298 | $46.4M | Reduce -15.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.71% | 89,359 | $43.6M | Reduce -13.3% |
| ACWI iShares MSCI Acwi ETF | 0.62% | 267,543 | $37.9M | Add +2.7% |
| QUAL iShares MSCI USA Quality Fac | 0.50% | 153,029 | $30.4M | Add +1.0% |
| VDE Vanguard Energy ETF | 0.44% | 211,153 | $26.6M | No change |
| VONG Vanguard Russell 1000 Growth | 0.41% | 208,274 | $25.4M | Reduce -0.8% |
| BIZD Vaneck BDC Income ETF | 0.41% | 1,747,956 | $24.8M | Add +279.0% |
| ESGV Vanguard ESG US Stock ETF | 0.40% | 200,115 | $24.2M | Add +217.7% |
| GQGU GQG US Equity ETF | 0.36% | 905,449 | $22.2M | No change |
| VXUS Vanguard Total Intl Stock | 0.34% | 271,724 | $20.5M | No change |
| GNR State Street SPDR S&P Global | 0.33% | 327,747 | $20.4M | No change |
| DMBS Doubleline Mortgage ETF | 0.33% | 408,860 | $20.3M | New |
| KRMN Karman Holdings Inc. | 0.30% | 249,011 | $18.2M | No change |
| TOV Jlens 500 Jewish Advy US ETF | 0.29% | 618,941 | $17.8M | Reduce -42.4% |
| IEF iShares 7-10 Year Treasury B | 0.28% | 175,948 | $16.9M | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.25% | 81,110 | $15.5M | No change |
| BSV Vanguard Short-Term Bond ETF | 0.24% | 186,624 | $14.7M | Add +211.6% |
| TIP iShares Tips Bond ETF | 0.22% | 124,184 | $13.6M | Add +108.7% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.16% | 87,956 | $9.8M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.16% | 14,105 | $9.6M | Add +0.0% |
| STIP iShares 0-5 Year Tips Bond E | 0.16% | 93,853 | $9.6M | No change |
| JSTC Adasina Social Justice GLB | 0.14% | 415,727 | $8.4M | New |
| VNQ Vanguard Real Estate ETF | 0.14% | 94,533 | $8.4M | No change |
| IWM iShares Russell 2000 ETF | 0.12% | 29,655 | $7.3M | New |
| ESGD iShares Trust iShares ESG Aw | 0.11% | 70,222 | $6.7M | New |
| IWV iShares Russell 3000 ETF | 0.09% | 14,597 | $5.6M | No change |
| VONE Vanguard Russell 1000 | 0.07% | 13,818 | $4.3M | Reduce -4.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.07% | 79,200 | $4.0M | Add +28.2% |
| VSGX Vanguard ESG Intl Stock ETF | 0.04% | 32,277 | $2.3M | Reduce -15.0% |
| EWC iShares MSCI Canada ETF | 0.04% | 40,962 | $2.2M | Reduce -47.0% |
| GOVT iShares US Treasury Bond ETF | 0.03% | 82,896 | $1.9M | Reduce -87.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.02% | 4,992 | $1.4M | No change |
| IWR iShares Russell Mid-Cap ETF | 0.02% | 12,198 | $1.2M | No change |
| RSP Invesco S&P 500 Equal Weight | 0.02% | 5,412 | $1.0M | No change |
| ISRA Vaneck Israel ETF | 0.01% | 15,615 | $918K | No change |
| ESGE iShares Inc. iShares ESG Awar | 0.01% | 18,650 | $824K | New |
| URA Global X Uranium ETF | 0.01% | 19,100 | $816K | No change |
| ISTB iShares Core 1-5 Year Usd Bo | 0.01% | 14,033 | $684K | Reduce -70.2% |
| IBIT iShares Bitcoin Trust ETF | 0.01% | 12,531 | $622K | New |
Portfolio Sells Q3 2025 → Q4 2025
| AGG iShares Core U.S. Aggregate | Reduce -49.6% | 1.56% | −1.92 |
| SGOV iShares 0-3 Month Treasury B | Reduce -27.9% | 0.93% | −0.52 |
| IVV iShares Core S&P 500 ETF | Reduce -16.7% | 1.35% | −0.42 |
| TOV Jlens 500 Jewish Advy US ETF | Reduce -42.4% | 0.29% | −0.26 |
| GOVT iShares US Treasury Bond ETF | Reduce -87.2% | 0.03% | −0.24 |
| IWB iShares Russell 1000 ETF | Reduce -15.1% | 0.76% | −0.22 |
| VGSH Vanguard Short-Term Treasury | Reduce -4.7% | 1.16% | −0.21 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -13.3% | 0.71% | −0.19 |
| IAU iShares Gold Trust | Reduce -14.0% | 1.00% | −0.17 |
| IEMG iShares Core MSCI Emerging | Reduce -5.2% | 0.80% | −0.13 |
| VONV Vanguard Russell 1000 Value | Reduce -0.7% | 0.80% | −0.07 |
| VONG Vanguard Russell 1000 Growth | Reduce -0.8% | 0.41% | −0.05 |
| GLDM SPDR Gold Minishares Trust | Sold out | 0.00% | −0.04 |
| EWC iShares MSCI Canada ETF | Reduce -47.0% | 0.04% | −0.04 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -70.2% | 0.01% | −0.03 |
| VONE Vanguard Russell 1000 | Reduce -4.8% | 0.07% | −0.01 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -15.0% | 0.04% | −0.01 |
| VXF Vanguard Extended Market ETF | Sold out | 0.00% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| VT Vanguard Tot World STK ETF | Add +46.0% | 18.70% | +4.68 |
| DMBS Doubleline Mortgage ETF | New | 0.33% | +0.33 |
| BIZD Vaneck BDC Income ETF | Add +279.0% | 0.41% | +0.28 |
| ESGV Vanguard ESG US Stock ETF | Add +217.7% | 0.40% | +0.26 |
| VOO Vanguard S&P 500 ETF | Add +10.2% | 28.18% | +0.20 |
| VEA Vanguard Ftse Developed ETF | Add +9.6% | 9.35% | +0.18 |
| BSV Vanguard Short-Term Bond ETF | Add +211.6% | 0.24% | +0.15 |
| JSTC Adasina Social Justice GLB | New | 0.14% | +0.14 |
| IWM iShares Russell 2000 ETF | New | 0.12% | +0.12 |
| ESGD iShares Trust iShares ESG Aw | New | 0.11% | +0.11 |
| TIP iShares Tips Bond ETF | Add +108.7% | 0.22% | +0.10 |
| ESGE iShares Inc. iShares ESG Awar | New | 0.01% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +10.7% | 1.14% | +0.01 |
| BND Vanguard Total Bond Market | Add +13.9% | 0.87% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | New | 0.01% | +0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +28.2% | 0.07% | +0.01 |
| AVSC Avantis US Small Cap Equity | Add +10.2% | 0.89% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.0% | 0.16% | −0.01 |
| VTIP Vanguard Short-Term Tips | Add +13.9% | 4.57% | −0.03 |
| ACWI iShares MSCI Acwi ETF | Add +2.7% | 0.62% | −0.04 |
| QUAL iShares MSCI USA Quality Fac | Add +1.0% | 0.50% | −0.04 |
| VGLT Vanguard Long-Term Treasury | Add +23.9% | 2.29% | −0.05 |
| VWO Vanguard Ftse Emerging Marke | Add +2.0% | 2.87% | −0.31 |
| VGIT Vanguard Intermediate-Term T | Add +1.5% | 5.47% | −0.58 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.8% | 9.47% | −0.73 |
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 |