Nepc LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Nepc LLC reported 47 stock positions worth $3.6 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 11.1% of the portfolio, followed by Vanguard S/T Corp. Bond ETF (VCSH, 10.6%) and Vanguard Intermediate-Term T (VGIT, 10.4%). Compared with Q4 2024, it opened 3 new positions, sold out of 3, added to 17 and reduced 12. The biggest buy was Vanguard S/T Corp. Bond ETF (VCSH, shares +16%) and the biggest sale SS SPDR P Corp. Bond ETF (SPBO, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001424799
- Portfolio Value
- $3.6B (Q1 2025)
- SEC Filing
- 0000929638-25-001891 ↗ filed May 15, 2025
Holdings Value
Holdings 47 stocks · $3.6B
| VOO Vanguard S&P 500 ETF | 11.08% | 778,921 | $400.3M | Add +9.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 10.63% | 4,864,970 | $384.0M | Add +15.7% |
| VGIT Vanguard Intermediate-Term T | 10.45% | 6,354,852 | $377.5M | Reduce -5.2% |
| VGLT Vanguard Long-Term Treasury | 10.14% | 6,357,273 | $366.2M | Add +4.9% |
| VCIT Vanguard Int-Term Corporate | 9.73% | 4,299,709 | $351.5M | Add +12.9% |
| VTC Vanguard Total Corporate BND | 5.22% | 2,455,525 | $188.6M | No change |
| SCHP Schwab U.S. Tips ETF | 4.27% | 5,736,286 | $154.2M | Reduce -24.9% |
| VT Vanguard Tot World STK ETF | 4.26% | 1,326,000 | $153.7M | Reduce -32.6% |
| VEA Vanguard Ftse Developed ETF | 4.00% | 2,840,808 | $144.4M | Add +23.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 3.64% | 761,166 | $131.5M | No change |
| VWO Vanguard Ftse Emerging Marke | 2.65% | 2,113,375 | $95.7M | Reduce -28.6% |
| USHY iShares Broad Usd High Yield | 2.61% | 2,563,323 | $94.4M | No change |
| SHYG iShares 0-5 YR HY Corp. Bond | 2.59% | 2,200,963 | $93.6M | No change |
| SPBO SS SPDR P Corp. Bond ETF | 2.53% | 3,144,313 | $91.3M | Reduce -51.3% |
| IEMG iShares Core MSCI Emerging | 2.33% | 1,559,913 | $84.2M | Add +0.9% |
| VXF Vanguard Extended Market ETF | 2.10% | 441,206 | $76.0M | Reduce -6.6% |
| VGSH Vanguard Short-Term Treasury | 1.99% | 1,226,718 | $72.0M | Reduce -35.9% |
| GLDM SPDR Gold Minishares Trust | 1.10% | 644,121 | $39.9M | Reduce -11.7% |
| BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 1.09% | 1,835,142 | $39.4M | Reduce -2.5% |
| GNR State Street SPDR S&P Global | 1.08% | 730,890 | $38.9M | Add +5.5% |
| IGF iShares Global Infrastructur | 1.07% | 709,810 | $38.8M | Add +2.7% |
| REET iShares Global REIT ETF | 1.05% | 1,562,057 | $37.9M | Add +5.5% |
| SPHY SS SPDR P High Yield ETF | 0.87% | 1,342,791 | $31.4M | Reduce -1.7% |
| PGR Progressive Corp. | 0.57% | 72,380 | $20.5M | Reduce -8.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.55% | 35,789 | $20.0M | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.27% | 129,344 | $9.8M | Add +73.8% |
| IWM iShares Russell 2000 ETF | 0.25% | 44,764 | $8.9M | No change |
| EFA iShares MSCI Eafe ETF | 0.24% | 104,912 | $8.6M | No change |
| IVV iShares Core S&P 500 ETF | 0.24% | 15,178 | $8.5M | Add +0.2% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.20% | 200,973 | $7.3M | No change |
| TOV Jlens 500 Jewish Advy US ETF | 0.19% | 297,975 | $7.0M | New |
| EAGG iShares ESG Aware US Aggrega | 0.16% | 124,292 | $5.9M | Reduce -17.7% |
| IWV iShares Russell 3000 ETF | 0.12% | 14,117 | $4.5M | New |
| IJH iShares Core S&P Midcap ETF | 0.12% | 74,989 | $4.4M | Add +0.8% |
| IJR iShares Core S&P Small-Cap E | 0.10% | 33,543 | $3.5M | Add +0.2% |
| VTIP Vanguard Short-Term Tips | 0.09% | 65,564 | $3.3M | No change |
| ITOT iShares Core S&P Total U.S. | 0.08% | 25,076 | $3.1M | New |
| EIS iShares MSCI Israel ETF | 0.06% | 31,069 | $2.3M | No change |
| EEM iShares MSCI Emerging Market | 0.06% | 47,387 | $2.1M | Add +0.1% |
| IYR iShares US Real Estate ETF | 0.06% | 21,276 | $2.0M | No change |
| ESGU iShares ESG Aware MSCI USA | 0.05% | 13,905 | $1.7M | Add +60.5% |
| ESGD iShares Trust iShares ESG Aw | 0.03% | 12,495 | $1.0M | Add +81.7% |
| VSS Vanguard Ftse All Wo X-US SC | 0.03% | 8,114 | $938K | No change |
| SUSA iShares ESG Optimized MSCI U | 0.03% | 7,924 | $910K | Add +2.0% |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | 0.01% | 9,245 | $466K | No change |
| ICLN iShares Global Clean Energy | 0.01% | 35,461 | $405K | No change |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.00% | 179 | $9K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| SPBO SS SPDR P Corp. Bond ETF | Reduce -51.3% | 2.53% | −2.44 |
| VT Vanguard Tot World STK ETF | Reduce -32.6% | 4.26% | −1.95 |
| SCHP Schwab U.S. Tips ETF | Reduce -24.9% | 4.27% | −1.02 |
| VGSH Vanguard Short-Term Treasury | Reduce -35.9% | 1.99% | −1.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -28.6% | 2.65% | −0.85 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.68 |
| VXF Vanguard Extended Market ETF | Reduce -6.6% | 2.10% | −0.30 |
| EAGG iShares ESG Aware US Aggrega | Reduce -17.7% | 0.16% | −0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Sold out | 0.00% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.00 |
| SPHY SS SPDR P High Yield ETF | Reduce -1.7% | 0.87% | +0.01 |
| VGIT Vanguard Intermediate-Term T | Reduce -5.2% | 10.45% | +0.02 |
| PGR Progressive Corp. | Reduce -8.0% | 0.57% | +0.06 |
| GLDM SPDR Gold Minishares Trust | Reduce -11.7% | 1.10% | +0.09 |
| BCI Abrdn Bloomberg All Commodit | Reduce -2.5% | 1.09% | +0.09 |
Portfolio Buys Q4 2024 → Q1 2025
| VCSH Vanguard S/T Corp. Bond ETF | Add +15.7% | 10.63% | +1.82 |
| VCIT Vanguard Int-Term Corporate | Add +12.9% | 9.73% | +1.53 |
| VGLT Vanguard Long-Term Treasury | Add +4.9% | 10.14% | +1.13 |
| VEA Vanguard Ftse Developed ETF | Add +23.8% | 4.00% | +1.05 |
| VOO Vanguard S&P 500 ETF | Add +9.7% | 11.08% | +0.81 |
| TOV Jlens 500 Jewish Advy US ETF | New | 0.19% | +0.19 |
| IEMG iShares Core MSCI Emerging | Add +0.9% | 2.33% | +0.16 |
| GNR State Street SPDR S&P Global | Add +5.5% | 1.08% | +0.15 |
| IEFA iShares Core MSCI Eafe ETF | Add +73.8% | 0.27% | +0.13 |
| IWV iShares Russell 3000 ETF | New | 0.12% | +0.12 |
| IGF iShares Global Infrastructur | Add +2.7% | 1.07% | +0.10 |
| REET iShares Global REIT ETF | Add +5.5% | 1.05% | +0.10 |
| ITOT iShares Core S&P Total U.S. | New | 0.08% | +0.08 |
| ESGU iShares ESG Aware MSCI USA | Add +60.5% | 0.05% | +0.02 |
| ESGD iShares Trust iShares ESG Aw | Add +81.7% | 0.03% | +0.01 |
| EEM iShares MSCI Emerging Market | Add +0.1% | 0.06% | +0.00 |
| SUSA iShares ESG Optimized MSCI U | Add +2.0% | 0.03% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Add +0.8% | 0.12% | −0.00 |
| IVV iShares Core S&P 500 ETF | Add +0.2% | 0.24% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Add +0.2% | 0.10% | −0.01 |
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 |