Nepc LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Nepc LLC reported 51 stock positions worth $5.0 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 11.6% of the portfolio, followed by Vanguard Int-Term Corporate (VCIT, 10.5%) and Vanguard Intermediate-Term T (VGIT, 9.6%). Compared with Q4 2025, it opened 1 new position, sold out of 1, added to 20 and reduced 11. The biggest buy was a new position in Vanguard Core Bond ETF (VCRB) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −4%).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001424799
Portfolio Value
$5.0B (Q1 2026)
SEC Filing
0000929638-26-001872 ↗ filed May 15, 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 $5.0B Q1 2026 Q2 2026: $5.4B Q2 2026

Holdings 51 stocks · $5.0B
VOO Vanguard S&P 500 ETF 11.64% 978,154 $584.5M Reduce -3.9%
VCIT Vanguard Int-Term Corporate 10.53% 6,390,771 $528.8M Add +4.9%
VGIT Vanguard Intermediate-Term T 9.65% 8,137,837 $484.6M No change
VCSH Vanguard S/T Corp. Bond ETF 9.57% 6,065,567 $480.8M Add +5.2%
VGLT Vanguard Long-Term Treasury 9.26% 8,403,065 $465.2M Add +8.2%
VTC Vanguard Total Corporate BND 7.16% 4,682,853 $359.8M Add +32.5%
VEA Vanguard Ftse Developed ETF 5.72% 4,487,383 $287.6M Reduce -1.9%
SCHP Schwab U.S. Tips ETF 4.21% 7,947,486 $211.5M Add +5.0%
USHY iShares Broad Usd High Yield 3.84% 5,230,809 $192.7M Add +25.2%
VCRB Vanguard Core Bond ETF 3.59% 2,331,700 $180.4M New
VWO Vanguard Ftse Emerging Marke 3.25% 3,017,415 $163.1M No change
VTV Vanguard Mrngstr Val ETF-Aui 2.75% 704,920 $138.3M No change
VXF Vanguard Extended Market ETF 2.57% 626,535 $128.9M No change
VT Vanguard Tot World STK ETF 2.43% 881,834 $122.0M Reduce -5.3%
VGSH Vanguard Short-Term Treasury 2.32% 1,993,299 $116.7M No change
SHYG iShares 0-5 YR HY Corp. Bond 2.22% 2,632,283 $111.4M No change
BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS 1.12% 2,308,438 $56.1M Add +0.0%
GNR State Street SPDR S&P Global 1.09% 731,730 $54.6M Reduce -15.9%
IGF iShares Global Infrastructur 1.04% 781,673 $52.4M Reduce -6.3%
REET iShares Global REIT ETF 1.04% 2,080,016 $52.3M Add +1.9%
GLDM SPDR Gold Minishares Trust 0.95% 516,438 $47.9M Reduce -18.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.52% 40,025 $26.0M Reduce -3.3%
IEFA iShares Core MSCI Eafe ETF 0.46% 253,170 $22.9M Add +1.9%
SPBO SS SPDR P Corp. Bond ETF 0.42% 724,227 $21.0M Add +179.9%
IWV iShares Russell 3000 ETF 0.34% 46,031 $17.1M Add +0.1%
IEMG iShares Core MSCI Emerging 0.25% 183,588 $12.8M Reduce -1.2%
IWM iShares Russell 2000 ETF 0.25% 50,924 $12.6M Add +0.1%
EFA iShares MSCI Eafe ETF 0.23% 121,382 $11.8M Add +0.2%
TOV Jlens 500 Jewish Advy US ETF 0.23% 431,110 $11.8M Add +2.3%
HEFA Isha Curr Hedged MSCI Eafe 0.20% 241,150 $10.2M No change
IVV iShares Core S&P 500 ETF 0.18% 13,882 $9.1M Reduce -9.5%
SPHY SS SPDR P High Yield ETF 0.15% 330,232 $7.7M Add +101.9%
EAGG iShares ESG Aware US Aggrega 0.12% 130,692 $6.2M Add +66.6%
IJH iShares Core S&P Midcap ETF 0.10% 75,615 $5.1M Add +0.2%
IJR iShares Core S&P Small-Cap E 0.08% 33,803 $4.2M Add +0.1%
EIS iShares MSCI Israel ETF 0.07% 31,069 $3.6M No change
ITOT iShares Core S&P Total U.S. 0.07% 25,076 $3.6M No change
EEM iShares MSCI Emerging Market 0.07% 57,953 $3.3M Reduce -16.4%
VTIP Vanguard Short-Term Tips 0.07% 65,564 $3.3M No change
EFAX State Street SPDR MSCI Eafe 0.05% 53,260 $2.7M No change
IYR iShares US Real Estate ETF 0.04% 22,318 $2.1M Add +2.6%
ESGU iShares ESG Aware MSCI USA 0.04% 13,905 $2.0M No change
VSS Vanguard Ftse All Wo X-US SC 0.03% 10,882 $1.6M No change
SUSA iShares ESG Optimized MSCI U 0.03% 9,903 $1.3M Add +29.5%
ESGD iShares Trust iShares ESG Aw 0.03% 13,340 $1.3M No change
SNPE Xtrckr S&P 500 Scor&scrn ETF 0.01% 9,245 $551K No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.00% 1,438 $110K No change
VXUS Vanguard Total Intl Stock 0.00% 821 $63K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.00% 675 $34K No change
VTES Vanguard SH Term Tax-Ex Bond 0.00% 277 $28K Reduce -7.4%
IGIB iShares 5-10Y Inv Grade Corp. 0.00% 160 $9K No change

Portfolio Sells Q4 2025 → Q1 2026
VOO Vanguard S&P 500 ETF Reduce -3.9% 11.64% −1.96
VT Vanguard Tot World STK ETF Reduce -5.3% 2.43% −0.37
VEA Vanguard Ftse Developed ETF Reduce -1.9% 5.72% −0.37
PGR Progressive Corp. Sold out 0.00% −0.32
GLDM SPDR Gold Minishares Trust Reduce -18.7% 0.95% −0.20
SPY SS SPDR S&P 500 ETF Trust-US Reduce -3.3% 0.52% −0.08
GNR State Street SPDR S&P Global Reduce -15.9% 1.09% −0.06
IGF iShares Global Infrastructur Reduce -6.3% 1.04% −0.05
IVV iShares Core S&P 500 ETF Reduce -9.5% 0.18% −0.04
EEM iShares MSCI Emerging Market Reduce -16.4% 0.07% −0.02
IEMG iShares Core MSCI Emerging Reduce -1.2% 0.25% −0.01
VTES Vanguard SH Term Tax-Ex Bond Reduce -7.4% 0.00% −0.00

Portfolio Buys Q4 2025 → Q1 2026
VCRB Vanguard Core Bond ETF New 3.59% +3.59
VTC Vanguard Total Corporate BND Add +32.5% 7.16% +1.32
USHY iShares Broad Usd High Yield Add +25.2% 3.84% +0.51
SPBO SS SPDR P Corp. Bond ETF Add +179.9% 0.42% +0.26
BCI Abrdn Bloomberg All Commodit Add +0.0% 1.12% +0.16
SPHY SS SPDR P High Yield ETF Add +101.9% 0.15% +0.07
EAGG iShares ESG Aware US Aggrega Add +66.6% 0.12% +0.04
VGLT Vanguard Long-Term Treasury Add +8.2% 9.26% +0.03
SUSA iShares ESG Optimized MSCI U Add +29.5% 0.03% +0.00
IYR iShares US Real Estate ETF Add +2.6% 0.04% −0.00
IJR iShares Core S&P Small-Cap E Add +0.1% 0.08% −0.00
IJH iShares Core S&P Midcap ETF Add +0.2% 0.10% −0.00
EFA iShares MSCI Eafe ETF Add +0.2% 0.23% −0.01
IWM iShares Russell 2000 ETF Add +0.1% 0.25% −0.02
IEFA iShares Core MSCI Eafe ETF Add +1.9% 0.46% −0.02
TOV Jlens 500 Jewish Advy US ETF Add +2.3% 0.23% −0.02
IWV iShares Russell 3000 ETF Add +0.1% 0.34% −0.04
REET iShares Global REIT ETF Add +1.9% 1.04% −0.04
SCHP Schwab U.S. Tips ETF Add +5.0% 4.21% −0.06
VCSH Vanguard S/T Corp. Bond ETF Add +5.2% 9.57% −0.22
VCIT Vanguard Int-Term Corporate Add +4.9% 10.53% −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