Nepc LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Nepc LLC reported 41 stock positions worth $3.3 billion. Its top holding was Vanguard Intermediate-Term T (VGIT) at 11.6% of the portfolio, followed by Vanguard S/T Corp. Bond ETF (VCSH, 10.3%) and Vanguard S&P 500 ETF (VOO, 9.5%). Compared with Q2 2024, it opened 1 new position, sold out of 1, added to 9 and reduced 4. The biggest buy was Vanguard Tot World STK ETF (VT, shares +53%) and the biggest sale SS SPDR P High Yield ETF (SPHY, shares −82%).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001424799
Portfolio Value
$3.3B (Q3 2024)
SEC Filing
0000929638-24-003871 ↗ filed Nov 14, 2024

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 $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 Q2 2026

Holdings 41 stocks · $3.3B
VGIT Vanguard Intermediate-Term T 11.60% 6,368,230 $384.8M Add +0.8%
VCSH Vanguard S/T Corp. Bond ETF 10.26% 4,283,339 $340.2M Reduce -1.7%
VOO Vanguard S&P 500 ETF 9.51% 597,515 $315.3M Add +18.2%
VCIT Vanguard Int-Term Corporate 9.50% 3,763,505 $315.2M No change
VGLT Vanguard Long-Term Treasury 7.48% 4,029,312 $248.0M No change
VT Vanguard Tot World STK ETF 7.33% 2,030,809 $243.1M Add +53.1%
SCHP Schwab U.S. Tips ETF 4.80% 2,971,211 $159.3M No change
VWO Vanguard Ftse Emerging Marke 4.34% 3,007,274 $143.9M Add +9.1%
VTC Vanguard Total Corporate BND 4.33% 1,812,712 $143.7M No change
VTV Vanguard Mrngstr Val ETF-Aui 3.41% 647,673 $113.1M No change
VGSH Vanguard Short-Term Treasury 3.40% 1,913,635 $112.9M No change
VEA Vanguard Ftse Developed ETF 3.28% 2,059,233 $108.7M Reduce -7.5%
IEMG iShares Core MSCI Emerging 2.68% 1,546,393 $88.8M No change
SPBO SS SPDR P Corp. Bond ETF 2.23% 2,463,594 $74.0M No change
VXF Vanguard Extended Market ETF 2.15% 392,612 $71.5M No change
USHY iShares Broad Usd High Yield 2.15% 1,894,929 $71.3M No change
SHYG iShares 0-5 YR HY Corp. Bond 2.12% 1,621,106 $70.4M No change
AGG iShares Core U.S. Aggregate 1.21% 395,413 $40.0M New
IGF iShares Global Infrastructur 0.96% 585,886 $31.9M No change
REET iShares Global REIT ETF 0.93% 1,149,567 $30.7M No change
GNR State Street SPDR S&P Global 0.91% 522,131 $30.1M Add +12.1%
GLDM SPDR Gold Minishares Trust 0.90% 573,070 $29.9M No change
BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.89% 1,448,272 $29.6M Add +12.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.62% 35,872 $20.6M Add +6.9%
PGR Progressive Corp. 0.62% 80,668 $20.5M Reduce -0.0%
SPHY SS SPDR P High Yield ETF 0.38% 519,904 $12.5M Reduce -81.7%
IWM iShares Russell 2000 ETF 0.30% 44,764 $9.9M Add +13.9%
EAGG iShares ESG Aware US Aggrega 0.27% 182,869 $8.9M No change
EFA iShares MSCI Eafe ETF 0.26% 104,912 $8.8M No change
IVV iShares Core S&P 500 ETF 0.26% 15,127 $8.7M No change
HEFA Isha Curr Hedged MSCI Eafe 0.20% 191,997 $6.8M No change
IEFA iShares Core MSCI Eafe ETF 0.17% 74,335 $5.8M No change
IJH iShares Core S&P Midcap ETF 0.13% 70,687 $4.4M No change
IJR iShares Core S&P Small-Cap E 0.12% 33,029 $3.9M No change
VTIP Vanguard Short-Term Tips 0.08% 51,214 $2.5M No change
EEM iShares MSCI Emerging Market 0.06% 46,072 $2.1M No change
IYR iShares US Real Estate ETF 0.06% 20,732 $2.1M No change
EIS iShares MSCI Israel ETF 0.06% 31,069 $2.1M No change
SUSA iShares ESG Optimized MSCI U 0.02% 4,953 $596K Add +3.5%
ICLN iShares Global Clean Energy 0.02% 35,461 $521K No change
IGIB iShares 5-10Y Inv Grade Corp. 0.00% 179 $10K No change

Portfolio Sells Q2 2024 → Q3 2024
SPHY SS SPDR P High Yield ETF Reduce -81.7% 0.38% −1.79
VCSH Vanguard S/T Corp. Bond ETF Reduce -1.7% 10.26% −0.85
VEA Vanguard Ftse Developed ETF Reduce -7.5% 3.28% −0.35
VUG Vanguard Mrngstar GR ETF-Sui Sold out 0.00% −0.06
PGR Progressive Corp. Reduce -0.0% 0.62% +0.06

Portfolio Buys Q2 2024 → Q3 2024
VT Vanguard Tot World STK ETF Add +53.1% 7.33% +2.40
AGG iShares Core U.S. Aggregate New 1.21% +1.21
VOO Vanguard S&P 500 ETF Add +18.2% 9.51% +1.17
VWO Vanguard Ftse Emerging Marke Add +9.1% 4.34% +0.36
GNR State Street SPDR S&P Global Add +12.1% 0.91% +0.05
IWM iShares Russell 2000 ETF Add +13.9% 0.30% +0.04
BCI Abrdn Bloomberg All Commodit Add +12.1% 0.89% +0.03
SPY SS SPDR S&P 500 ETF Trust-US Add +6.9% 0.62% +0.02
SUSA iShares ESG Optimized MSCI U Add +3.5% 0.02% +0.00
VGIT Vanguard Intermediate-Term T Add +0.8% 11.60% −0.53

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