Nepc LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Nepc LLC reported 47 stock positions worth $3.7 billion. Its top holding was Vanguard Intermediate-Term T (VGIT) at 10.4% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 10.3%) and Vanguard Long-Term Treasury (VGLT, 9.0%). Compared with Q3 2024, it opened 6 new positions, added to 27 and reduced 7. The biggest buy was SS SPDR P Corp. Bond ETF (SPBO, shares +162%) and the biggest sale Vanguard S/T Corp. Bond ETF (VCSH, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001424799
- Portfolio Value
- $3.7B (Q4 2024)
- SEC Filing
- 0000929638-25-000743 ↗ filed Feb 14, 2025
Holdings Value
Holdings 47 stocks · $3.7B
| VGIT Vanguard Intermediate-Term T | 10.43% | 6,699,794 | $388.6M | Add +5.2% |
| VOO Vanguard S&P 500 ETF | 10.27% | 709,881 | $382.5M | Add +18.8% |
| VGLT Vanguard Long-Term Treasury | 9.01% | 6,061,870 | $335.5M | Add +50.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 8.81% | 4,206,197 | $328.1M | Reduce -1.8% |
| VCIT Vanguard Int-Term Corporate | 8.21% | 3,808,917 | $305.7M | Add +1.2% |
| VT Vanguard Tot World STK ETF | 6.20% | 1,967,195 | $231.1M | Reduce -3.1% |
| SCHP Schwab U.S. Tips ETF | 5.29% | 7,637,467 | $197.3M | Add +28.5% |
| VTC Vanguard Total Corporate BND | 4.99% | 2,455,525 | $185.9M | Add +35.5% |
| SPBO SS SPDR P Corp. Bond ETF | 4.97% | 6,459,529 | $185.0M | Add +162.2% |
| VWO Vanguard Ftse Emerging Marke | 3.50% | 2,957,938 | $130.3M | Reduce -1.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 3.46% | 761,166 | $128.9M | Add +17.5% |
| VGSH Vanguard Short-Term Treasury | 2.99% | 1,913,635 | $111.3M | No change |
| VEA Vanguard Ftse Developed ETF | 2.94% | 2,293,981 | $109.7M | Add +11.4% |
| USHY iShares Broad Usd High Yield | 2.53% | 2,563,323 | $94.3M | Add +35.3% |
| SHYG iShares 0-5 YR HY Corp. Bond | 2.52% | 2,200,963 | $93.8M | Add +35.8% |
| VXF Vanguard Extended Market ETF | 2.41% | 472,231 | $89.7M | Add +20.3% |
| IEMG iShares Core MSCI Emerging | 2.17% | 1,546,393 | $80.8M | No change |
| GLDM SPDR Gold Minishares Trust | 1.02% | 729,530 | $37.9M | Add +27.3% |
| BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 1.00% | 1,883,198 | $37.2M | Add +30.0% |
| IGF iShares Global Infrastructur | 0.97% | 691,199 | $36.1M | Add +18.0% |
| REET iShares Global REIT ETF | 0.95% | 1,480,023 | $35.5M | Add +28.8% |
| GNR State Street SPDR S&P Global | 0.93% | 693,040 | $34.5M | Add +32.7% |
| SPHY SS SPDR P High Yield ETF | 0.86% | 1,365,482 | $32.0M | Add +162.6% |
| AGG iShares Core U.S. Aggregate | 0.68% | 262,471 | $25.4M | Reduce -33.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.56% | 35,789 | $21.0M | Reduce -0.2% |
| PGR Progressive Corp. | 0.51% | 78,640 | $18.8M | Reduce -2.5% |
| IWM iShares Russell 2000 ETF | 0.27% | 44,764 | $9.9M | No change |
| IVV iShares Core S&P 500 ETF | 0.24% | 15,150 | $8.9M | Add +0.1% |
| EFA iShares MSCI Eafe ETF | 0.21% | 104,912 | $7.9M | No change |
| EAGG iShares ESG Aware US Aggrega | 0.19% | 151,042 | $7.0M | Reduce -17.4% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.19% | 200,973 | $7.0M | Add +4.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.14% | 74,431 | $5.2M | Add +0.1% |
| IJH iShares Core S&P Midcap ETF | 0.12% | 74,365 | $4.6M | Add +5.2% |
| IJR iShares Core S&P Small-Cap E | 0.10% | 33,476 | $3.9M | Add +1.4% |
| VTIP Vanguard Short-Term Tips | 0.09% | 65,564 | $3.2M | Add +28.0% |
| EIS iShares MSCI Israel ETF | 0.06% | 31,069 | $2.4M | No change |
| EEM iShares MSCI Emerging Market | 0.05% | 47,357 | $2.0M | Add +2.8% |
| IYR iShares US Real Estate ETF | 0.05% | 21,276 | $2.0M | Add +2.6% |
| ESGU iShares ESG Aware MSCI USA | 0.03% | 8,664 | $1.1M | New |
| SUSA iShares ESG Optimized MSCI U | 0.03% | 7,771 | $945K | Add +56.9% |
| VSS Vanguard Ftse All Wo X-US SC | 0.02% | 8,114 | $929K | New |
| ESGD iShares Trust iShares ESG Aw | 0.01% | 6,878 | $524K | New |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | 0.01% | 9,245 | $492K | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.01% | 6,170 | $425K | New |
| ICLN iShares Global Clean Energy | 0.01% | 35,461 | $404K | No change |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.00% | 179 | $9K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.00% | 53 | $4K | New |
Portfolio Sells Q3 2024 → Q4 2024
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -1.8% | 8.81% | −1.45 |
| VT Vanguard Tot World STK ETF | Reduce -3.1% | 6.20% | −1.13 |
| VWO Vanguard Ftse Emerging Marke | Reduce -1.6% | 3.50% | −0.84 |
| AGG iShares Core U.S. Aggregate | Reduce -33.6% | 0.68% | −0.52 |
| PGR Progressive Corp. | Reduce -2.5% | 0.51% | −0.11 |
| EAGG iShares ESG Aware US Aggrega | Reduce -17.4% | 0.19% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.2% | 0.56% | −0.06 |
Portfolio Buys Q3 2024 → Q4 2024
| SPBO SS SPDR P Corp. Bond ETF | Add +162.2% | 4.97% | +2.73 |
| VGLT Vanguard Long-Term Treasury | Add +50.4% | 9.01% | +1.53 |
| VOO Vanguard S&P 500 ETF | Add +18.8% | 10.27% | +0.76 |
| VTC Vanguard Total Corporate BND | Add +35.5% | 4.99% | +0.66 |
| SCHP Schwab U.S. Tips ETF | Add +28.5% | 5.29% | +0.49 |
| SPHY SS SPDR P High Yield ETF | Add +162.6% | 0.86% | +0.48 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +35.8% | 2.52% | +0.40 |
| USHY iShares Broad Usd High Yield | Add +35.3% | 2.53% | +0.38 |
| VXF Vanguard Extended Market ETF | Add +20.3% | 2.41% | +0.25 |
| GLDM SPDR Gold Minishares Trust | Add +27.3% | 1.02% | +0.12 |
| BCI Abrdn Bloomberg All Commodit | Add +30.0% | 1.00% | +0.11 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +17.5% | 3.46% | +0.05 |
| ESGU iShares ESG Aware MSCI USA | New | 0.03% | +0.03 |
| REET iShares Global REIT ETF | Add +28.8% | 0.95% | +0.03 |
| VSS Vanguard Ftse All Wo X-US SC | New | 0.02% | +0.02 |
| GNR State Street SPDR S&P Global | Add +32.7% | 0.93% | +0.02 |
| ESGD iShares Trust iShares ESG Aw | New | 0.01% | +0.01 |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | New | 0.01% | +0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.01% | +0.01 |
| VTIP Vanguard Short-Term Tips | Add +28.0% | 0.09% | +0.01 |
| IGF iShares Global Infrastructur | Add +18.0% | 0.97% | +0.01 |
| SUSA iShares ESG Optimized MSCI U | Add +56.9% | 0.03% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.00% | +0.00 |
| IJH iShares Core S&P Midcap ETF | Add +5.2% | 0.12% | −0.01 |
| EEM iShares MSCI Emerging Market | Add +2.8% | 0.05% | −0.01 |
| IYR iShares US Real Estate ETF | Add +2.6% | 0.05% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Add +1.4% | 0.10% | −0.01 |
| HEFA Isha Curr Hedged MSCI Eafe | Add +4.7% | 0.19% | −0.02 |
| IVV iShares Core S&P 500 ETF | Add +0.1% | 0.24% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.1% | 0.14% | −0.03 |
| VEA Vanguard Ftse Developed ETF | Add +11.4% | 2.94% | −0.33 |
| VGIT Vanguard Intermediate-Term T | Add +5.2% | 10.43% | −1.17 |
| VCIT Vanguard Int-Term Corporate | Add +1.2% | 8.21% | −1.30 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 53 | $5.4B | VOO, VCIT, VGIT, VCSH, VGLT |
| Q1 2026 | 51 | $5.0B | VOO, VCIT, VGIT, VCSH, VGLT |
| Q4 2025 | 51 | $4.7B | VOO, VCIT, VGIT, VCSH, VGLT |
| Q3 2025 | 49 | $3.8B | VOO, VCSH, VGLT, VGIT, VCIT |
| Q2 2025Amended | 50 | $4.0B | VOO, VCSH, VGIT, VCIT, VGLT |
| Q1 2025Amended | 47 | $3.6B | VOO, VCSH, VGIT, VGLT, VCIT |
| Q4 2024 | 47 | $3.7B | VGIT, VOO, VGLT, VCSH, VCIT |
| Q3 2024 | 41 | $3.3B | VGIT, VCSH, VOO, VCIT, VGLT |
| Q2 2024 | 41 | $3.0B | VGIT, VCSH, VCIT, VOO, VGLT |
| Q1 2024 | 40 | $2.9B | VGIT, VCSH, VCIT, VOO, VGLT |