Nepc LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Nepc LLC reported 53 stock positions worth $5.4 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 12.1% of the portfolio, followed by Vanguard Int-Term Corporate (VCIT, 11.4%) and Vanguard Intermediate-Term T (VGIT, 9.3%). Compared with Q1 2026, it opened 2 new positions, added to 16 and reduced 16. The biggest buy was Vanguard Int-Term Corporate (VCIT, shares +16%) and the biggest sale Vanguard Core Bond ETF (VCRB, shares −1%).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001424799
Portfolio Value
$5.4B (Q2 2026)
SEC Filing
0000929638-26-003046 ↗ filed Aug 14, 2026

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $2.9B Q1 2024 Q2 2024: $3.0B Q2 2024 Q3 2024: $3.3B Q3 2024 Q4 2024: $3.7B Q4 2024 Q1 2025: $3.6B Q1 2025 Q2 2025: $4.0B Q2 2025 Q3 2025: $3.8B Q3 2025 Q4 2025: $4.7B Q4 2025 Q1 2026: $5.0B Q1 2026 Q2 2026: $5.4B $5.4B Q2 2026

Holdings 53 stocks · $5.4B
VOO Vanguard S&P 500 ETF 12.07% 941,895 $646.9M Reduce -3.7%
VCIT Vanguard Int-Term Corporate 11.44% 7,419,110 $613.2M Add +16.1%
VGIT Vanguard Intermediate-Term T 9.33% 8,475,832 $499.9M Add +4.2%
VCSH Vanguard S/T Corp. Bond ETF 9.22% 6,254,317 $494.3M Add +3.1%
VGLT Vanguard Long-Term Treasury 9.12% 8,860,856 $488.9M Add +5.5%
VTC Vanguard Total Corporate BND 7.08% 4,943,439 $379.7M Add +5.6%
VEA Vanguard Ftse Developed ETF 5.72% 4,298,995 $306.3M Reduce -4.2%
SCHP Schwab U.S. Tips ETF 4.12% 8,321,737 $220.5M Add +4.7%
USHY iShares Broad Usd High Yield 3.61% 5,230,809 $193.6M No change
VWO Vanguard Ftse Emerging Marke 3.36% 3,017,415 $180.1M No change
VCRB Vanguard Core Bond ETF 3.31% 2,299,200 $177.6M Reduce -1.4%
VXF Vanguard Extended Market ETF 2.78% 605,088 $149.0M Reduce -3.4%
VTV Vanguard Mrngstr Val ETF-Aui 2.64% 648,293 $141.3M Reduce -8.0%
VT Vanguard Tot World STK ETF 2.35% 800,713 $125.7M Reduce -9.2%
VGSH Vanguard Short-Term Treasury 2.16% 1,993,299 $116.0M No change
SHYG iShares 0-5 YR HY Corp. Bond 2.08% 2,632,283 $111.6M No change
REET iShares Global REIT ETF 1.07% 2,080,016 $57.5M No change
GLDM SPDR Gold Minishares Trust 0.98% 664,100 $52.7M Add +28.6%
IGF iShares Global Infrastructur 0.97% 781,673 $52.1M No change
BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.96% 2,308,438 $51.6M No change
GNR State Street SPDR S&P Global 0.92% 731,730 $49.3M No change
SPBO SS SPDR P Corp. Bond ETF 0.90% 1,669,124 $48.5M Add +130.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.46% 33,248 $24.8M Reduce -16.9%
IEFA iShares Core MSCI Eafe ETF 0.46% 253,188 $24.5M Add +0.0%
IWV iShares Russell 3000 ETF 0.37% 46,031 $19.6M No change
SPHY SS SPDR P High Yield ETF 0.33% 750,656 $17.6M Add +127.3%
IEMG iShares Core MSCI Emerging 0.28% 183,589 $15.2M Add +0.0%
IWM iShares Russell 2000 ETF 0.26% 45,557 $13.7M Reduce -10.5%
TOV Jlens 500 Jewish Advy US ETF 0.24% 404,606 $12.8M Reduce -6.2%
EFA iShares MSCI Eafe ETF 0.21% 108,493 $11.3M Reduce -10.6%
IVV iShares Core S&P 500 ETF 0.19% 13,913 $10.4M Add +0.2%
HEFA Isha Curr Hedged MSCI Eafe 0.18% 204,177 $9.6M Reduce -15.3%
EAGG iShares ESG Aware US Aggrega 0.12% 130,692 $6.2M No change
IJH iShares Core S&P Midcap ETF 0.11% 75,763 $5.8M Add +0.2%
IJR iShares Core S&P Small-Cap E 0.09% 33,886 $5.0M Add +0.3%
EIS iShares MSCI Israel ETF 0.08% 36,534 $4.4M Add +17.6%
ITOT iShares Core S&P Total U.S. 0.08% 25,076 $4.1M No change
VTIP Vanguard Short-Term Tips 0.06% 65,564 $3.3M No change
EFAX State Street SPDR MSCI Eafe 0.05% 53,260 $2.9M No change
EEM iShares MSCI Emerging Market 0.05% 36,131 $2.5M Reduce -37.6%
IYR iShares US Real Estate ETF 0.04% 22,426 $2.3M Add +0.5%
ESGU iShares ESG Aware MSCI USA 0.04% 13,905 $2.3M No change
SUSA iShares ESG Optimized MSCI U 0.03% 9,903 $1.5M No change
ESGD iShares Trust iShares ESG Aw 0.03% 13,340 $1.4M No change
SNPE Xtrckr S&P 500 Scor&scrn ETF 0.01% 9,245 $637K No change
VSS Vanguard Ftse All Wo X-US SC 0.01% 2,768 $427K Reduce -74.6%
ITA iShares U.S. Aerospace & Def 0.00% 1,000 $242K New
SPYM Ste STR SPDR PT S&P 500 ETF 0.00% 1,387 $122K Reduce -3.5%
VXUS Vanguard Total Intl Stock 0.00% 759 $65K Reduce -7.5%
AGG iShares Core U.S. Aggregate 0.00% 362 $36K New
VTEB Vanguard Tax-Exempt Bond ETF 0.00% 675 $34K No change
VTES Vanguard SH Term Tax-Ex Bond 0.00% 261 $26K Reduce -5.8%
IGIB iShares 5-10Y Inv Grade Corp. 0.00% 160 $9K No change

Portfolio Sells Q1 2026 → Q2 2026
VCRB Vanguard Core Bond ETF Reduce -1.4% 3.31% −0.28
VTV Vanguard Mrngstr Val ETF-Aui Reduce -8.0% 2.64% −0.12
VT Vanguard Tot World STK ETF Reduce -9.2% 2.35% −0.08
SPY SS SPDR S&P 500 ETF Trust-US Reduce -16.9% 0.46% −0.05
HEFA Isha Curr Hedged MSCI Eafe Reduce -15.3% 0.18% −0.03
EFA iShares MSCI Eafe ETF Reduce -10.6% 0.21% −0.02
VSS Vanguard Ftse All Wo X-US SC Reduce -74.6% 0.01% −0.02
EEM iShares MSCI Emerging Market Reduce -37.6% 0.05% −0.02
VEA Vanguard Ftse Developed ETF Reduce -4.2% 5.72% −0.01
VTES Vanguard SH Term Tax-Ex Bond Reduce -5.8% 0.00% −0.00
VXUS Vanguard Total Intl Stock Reduce -7.5% 0.00% 0.00
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -3.5% 0.00% +0.00
TOV Jlens 500 Jewish Advy US ETF Reduce -6.2% 0.24% +0.00
IWM iShares Russell 2000 ETF Reduce -10.5% 0.26% +0.00
VXF Vanguard Extended Market ETF Reduce -3.4% 2.78% +0.21
VOO Vanguard S&P 500 ETF Reduce -3.7% 12.07% +0.44

Portfolio Buys Q1 2026 → Q2 2026
VCIT Vanguard Int-Term Corporate Add +16.1% 11.44% +0.92
SPBO SS SPDR P Corp. Bond ETF Add +130.5% 0.90% +0.49
SPHY SS SPDR P High Yield ETF Add +127.3% 0.33% +0.17
GLDM SPDR Gold Minishares Trust Add +28.6% 0.98% +0.03
IEMG iShares Core MSCI Emerging Add +0.0% 0.28% +0.03
IVV iShares Core S&P 500 ETF Add +0.2% 0.19% +0.01
EIS iShares MSCI Israel ETF Add +17.6% 0.08% +0.01
IJR iShares Core S&P Small-Cap E Add +0.3% 0.09% +0.01
IJH iShares Core S&P Midcap ETF Add +0.2% 0.11% +0.01
ITA iShares U.S. Aerospace & Def New 0.00% +0.00
IYR iShares US Real Estate ETF Add +0.5% 0.04% +0.00
AGG iShares Core U.S. Aggregate New 0.00% +0.00
IEFA iShares Core MSCI Eafe ETF Add +0.0% 0.46% +0.00
VTC Vanguard Total Corporate BND Add +5.6% 7.08% −0.08
SCHP Schwab U.S. Tips ETF Add +4.7% 4.12% −0.09
VGLT Vanguard Long-Term Treasury Add +5.5% 9.12% −0.14
VGIT Vanguard Intermediate-Term T Add +4.2% 9.33% −0.32
VCSH Vanguard S/T Corp. Bond ETF Add +3.1% 9.22% −0.35

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 53$5.4BVOO, VCIT, VGIT, VCSH, VGLT
Q1 2026 51$5.0BVOO, VCIT, VGIT, VCSH, VGLT
Q4 2025 51$4.7BVOO, VCIT, VGIT, VCSH, VGLT
Q3 2025 49$3.8BVOO, VCSH, VGLT, VGIT, VCIT
Q2 2025Amended 50$4.0BVOO, VCSH, VGIT, VCIT, VGLT
Q1 2025Amended 47$3.6BVOO, VCSH, VGIT, VGLT, VCIT
Q4 2024 47$3.7BVGIT, VOO, VGLT, VCSH, VCIT
Q3 2024 41$3.3BVGIT, VCSH, VOO, VCIT, VGLT
Q2 2024 41$3.0BVGIT, VCSH, VCIT, VOO, VGLT
Q1 2024 40$2.9BVGIT, VCSH, VCIT, VOO, VGLT