Partners Capital Investment Group, LLP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Partners Capital Investment Group, LLP reported 186 stock positions worth $5.9 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 17.3% of the portfolio, followed by iShares MSCI Emr MRK Ex Chna (EMXC, 8.8%) and Vanguard S&P 500 ETF (VOO, 5.4%). Compared with Q1 2024, it opened 52 new positions, sold out of 5, added to 97 and reduced 25. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +131%) and the biggest sale iShares Core MSCI World (IRRRF, shares −15%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001694870
Portfolio Value
$5.9B (Q2 2024)
SEC Filing
0001104659-24-089035 ↗ filed Aug 13, 2024

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $3.3B Q1 2024 Q2 2024: $5.9B $5.9B Q2 2024 Q3 2024: $6.3B Q3 2024 Q4 2024: $3.6B Q4 2024 Q1 2025: $5.9B Q1 2025 Q2 2025: $2.5B Q2 2025 Q3 2025: $2.5B Q3 2025 Q4 2025: $2.7B Q4 2025 Q1 2026: $2.7B Q1 2026 Q2 2026: $2.8B Q2 2026

Holdings 186 stocks · $5.9B
IVV iShares Core S&P 500 ETF 17.26% 1,863,210 $1.0B Add +131.1%
EMXC iShares MSCI Emr MRK Ex Chna 8.83% 8,840,764 $522.4M Add +66.8%
VOO Vanguard S&P 500 ETF 5.42% 638,695 $320.7M Add +225.7%
VGSH Vanguard Short-Term Treasury 4.44% 4,531,170 $262.7M Add +80.3%
VTV Vanguard Mrngstr Val ETF-Aui 4.10% 1,516,488 $242.8M Add +22.6%
IRRRF iShares Core MSCI World 4.07% 30,035 $241.0M Reduce -14.6%
VT Vanguard Tot World STK ETF 3.71% 1,948,359 $219.6M Add +442.8%
IEMG iShares Core MSCI Emerging 3.05% 3,373,131 $180.3M Add +115.7%
SGOV iShares 0-3 Month Treasury B 2.85% 1,675,488 $168.7M Add +84.7%
BIL SS SPDR BB 1-3M T-Bill ETF 2.57% 1,660,913 $152.4M Add +37.3%
TIP iShares Tips Bond ETF 2.39% 1,323,840 $141.6M Add +153.2%
HEFA Isha Curr Hedged MSCI Eafe 2.16% 3,591,970 $127.7M Add +253.2%
SPY SS SPDR S&P 500 ETF Trust-US 2.14% 232,017 $126.5M Add +107.7%
SRLN SS Blackstone Sr Loan ETF 1.90% 2,693,954 $112.6M Add +68.0%
DBJP Xtrackers MSCI Japan Hedged 1.72% 1,358,559 $102.1M Add +103.5%
ITOT iShares Core S&P Total U.S. 1.68% 835,298 $99.4M Add +146.2%
IEF iShares 7-10 Year Treasury B 1.65% 1,039,792 $97.7M Add +40.5%
STIP iShares 0-5 Year Tips Bond E 1.51% 900,609 $89.6M Add +78.4%
VWSUX Vangrd Ultra SH TM TX Ex-Adm filed as VANGUARD SH TX ADM 1.40% 5,269,533 $82.8M Reduce -11.6%
BILS SS Spdrb B 3-12M T-Bill ETF 1.33% 793,190 $78.8M Add +109.0%
HEWJ Isha Curr Hedged MSCI Japan 1.28% 1,741,939 $75.7M Add +74.3%
USHY iShares Broad Usd High Yield 1.07% 1,747,565 $63.5M Add +84.7%
SNPS Synopsys Inc. 1.07% 116,008 $63.1M New
ESGU iShares ESG Aware MSCI USA 1.03% 510,920 $61.2M Add +1.1%
ERIXF Ericsson LM-B SHS filed as Telefonaktiebolaget LM Ericsson 0.97% 877,994 $57.4M Reduce -8.4%
VIPIX Vanguard Infl Proct Sec-Inst 0.91% 5,709,396 $54.1M Add +0.4%
REET iShares Global REIT ETF 0.91% 2,332,572 $53.9M Add +40.3%
EWJ iShares MSCI Japan ETF 0.76% 662,815 $45.0M Add +214.3%
VINIX Vanguard Inst Index-Inst 0.66% 86,054 $39.0M Reduce -1.6%
SHY iShares 1-3 Year Treasury Bo 0.59% 428,249 $35.0M Add +88.3%
DXJ Wisdomtree Japan Hedged Eq 0.57% 298,905 $33.5M Add +93.9%
SPYX SS SPDR S&P 500 Foss FL ETF 0.56% 736,154 $32.9M Add +198.1%
ESGV Vanguard ESG US Stock ETF 0.53% 320,974 $31.1M Add +50.7%
ACWI iShares MSCI Acwi ETF 0.49% 258,412 $29.1M Reduce -12.4%
SUB iShares Short-Term National 0.49% 277,067 $29.0M Add +97.1%
VTWO Vanguard Russell 2000 ETF 0.43% 309,726 $25.3M Add +100.0%
VGIT Vanguard Intermediate-Term T 0.43% 434,593 $25.3M Add +214.7%
URTH iShares MSCI World ETF 0.37% 147,563 $21.8M Reduce -22.7%
VNQ Vanguard Real Estate ETF 0.36% 253,113 $21.2M Add +213.4%
VFIAX Vanguard 500 Index-Adm 0.34% 39,551 $20.1M Reduce -6.3%
APHKX Artisan Intl Val-Inst 0.30% 369,075 $18.0M No change
XCEM Columbia Em Core Ex-China 0.29% 546,304 $17.4M Add +262.4%
IEFA iShares Core MSCI Eafe ETF 0.29% 234,469 $17.0M Add +38.6%
ESGD iShares Trust iShares ESG Aw 0.27% 201,757 $15.9M Reduce -5.2%
IYW iShares Ustechnology ETF 0.24% 95,969 $14.5M Add +8.1%
VSGX Vanguard ESG Intl Stock ETF 0.24% 244,661 $14.0M Add +67.9%
MCHI iShares MSCI China ETF 0.23% 328,555 $13.8M Add +368.8%
KKR KKR & Co. Inc. 0.22% 123,939 $13.1M Add +76.2%
XLE SS Energy Select Sector 0.22% 141,066 $12.9M New
GOOGL Alphabet Inc. Class A 0.22% 69,630 $12.8M Add +73.6%
EPP iShares MSCI Pacific Ex Japa 0.22% 296,703 $12.8M Add +118.9%
TDG Transdigm Group Inc. 0.21% 9,738 $12.5M Add +77.3%
ISVVF Is MSCI All Cntry WRD ETF-Ua 0.21% 145,432 $12.2M Add +81.6%
HAWX iShares Cur HDG MSCI Acwi-X 0.20% 373,570 $12.1M New
IAU iShares Gold Trust 0.20% 267,057 $11.7M Add +534.5%
VVIAX VNGD Mrgstr Value Idx FD-Adm filed as VANGUARD VALUE INDEX ADM 0.20% 187,807 $11.7M Reduce -41.9%
VWIUX Vanguard I/T Tax Exmpt-Adm 0.20% 855,452 $11.6M Reduce -5.4%
SLQD iShares 0-5 YR Inv GRD Corp. 0.19% 233,618 $11.5M Add +3.0%
TMO Thermo Fisher Scientific Inc. 0.19% 20,488 $11.3M Add +75.0%
POSIX Principal GLBL R/E Sec-Inst 0.19% 1,228,920 $11.0M No change
IWV iShares Russell 3000 ETF 0.18% 35,208 $10.9M Add +501.0%
VMC Vulcan Materials Co. 0.18% 43,413 $10.8M Add +74.5%
QUAL iShares MSCI USA Quality Fac 0.18% 62,467 $10.7M Add +90.1%
EXPRO GROUP HOLDINGS NV COM 0.18% 71,488 $10.7M Add +74.6%
USB US Bancorp 0.18% 267,371 $10.6M New
FOXA Fox Corp. Class A 0.18% 306,940 $10.5M Add +78.0%
CBRE CBRE Group Inc. Class A 0.17% 113,423 $10.1M Add +75.6%
ESGE iShares Inc. iShares ESG Awar 0.17% 300,203 $10.0M No change
NYT New York Times Co. Class A 0.17% 193,045 $9.8M Add +76.3%
LOW Lowe's Cos Inc. 0.16% 44,220 $9.7M Add +73.7%
V Visa Inc. Class A 0.16% 36,747 $9.7M Add +76.1%
CRM Salesforce Inc. 0.16% 36,087 $9.2M Add +74.7%
CSX CSX Corp. 0.15% 271,146 $9.0M Add +73.7%
MSFT Microsoft Corp. 0.15% 20,080 $9.0M New
VFIRX Vanguard SHRT TRM Treas-Adm 0.15% 899,492 $8.8M Add +118.1%
UNP Union Pacific Corp. 0.15% 39,053 $8.8M Add +73.2%
QQQ Invesco QQQ Trust Series 1 0.14% 17,847 $8.6M Add +123.7%
ISTXF iShares Usd Trsry 1-3Y Usd A 0.14% 1,537,188 $8.4M Add +47.1%
AON Aon PLC Class A 0.14% 27,862 $8.2M Add +73.6%
VWEAX Vanguard Hi YLD Corp.-Adm 0.14% 1,501,664 $8.1M New
LW Lamb Weston Holdings Inc. 0.13% 89,652 $7.5M Add +73.9%
BMY Bristol-Myers Squibb Co. 0.13% 180,682 $7.5M Add +73.3%
IWM iShares Russell 2000 ETF 0.12% 36,223 $7.3M Add +100.6%
DBEU Xtrackers MSCI Europe Hedged 0.12% 172,582 $7.2M Add +149.0%
NOW ServiceNow Inc. 0.11% 8,207 $6.4M Add +109.8%
XOM Exxon Mobil Corp. 0.10% 54,007 $6.2M No change
VLUE iShares MSCI USA Value Facto 0.10% 57,877 $5.9M No change
ABLZF Abb Ltd.-Reg 0.10% 105,436 $5.9M New
SL GREEN REALTY CORP 0.10% 101,607 $5.8M New
NWSA News Corp. Class A 0.09% 203,746 $5.6M New
BN Brookfield Corp. 0.09% 133,081 $5.5M Add +79.4%
EWU iShares MSCI United Kingdom 0.09% 155,629 $5.4M Add +9.5%
KWEB Kranesh Csi China Internet 0.09% 199,829 $5.4M Add +77.2%
HUBS HubSpot Inc. 0.09% 9,110 $5.4M Add +73.6%
VNO Vornado Realty Trust 0.09% 203,558 $5.4M New
GLD SPDR Gold Shares 0.09% 24,620 $5.3M Add +30.4%
VTI VG Morningstar TS MKT ETF-US 0.09% 19,568 $5.3M Reduce -85.8%
VAIPX Vanguard Infl Proct Sec-Adm 0.09% 224,765 $5.2M Reduce -20.9%
ESLOF Essilorluxottica 0.09% 24,910 $5.1M Reduce -7.3%
IVE iShares S&P 500 Value ETF 0.08% 27,030 $4.9M Add +100.9%

Show all 186 holdings

Portfolio Sells Q1 2024 → Q2 2024
IRRRF iShares Core MSCI World Reduce -14.6% 4.07% −4.15
VWSUX Vangrd Ultra SH TM TX Ex-Adm Reduce -11.6% 1.40% −1.41
VTI VG Morningstar TS MKT ETF-US Reduce -85.8% 0.09% −0.98
ERIXF Ericsson LM-B SHS Reduce -8.4% 0.97% −0.68
VTWAX Vanguard TTL WRL STK Ind-Adm Sold out 0.00% −0.59
ACWI iShares MSCI Acwi ETF Reduce -12.4% 0.49% −0.48
VINIX Vanguard Inst Index-Inst Reduce -1.6% 0.66% −0.47
URTH iShares MSCI World ETF Reduce -22.7% 0.37% −0.46
VVIAX VNGD Mrgstr Value Idx FD-Adm Reduce -41.9% 0.20% −0.42
VFIAX Vanguard 500 Index-Adm Reduce -6.3% 0.34% −0.27
FIHBX FH Inst Hi YLD BND-Is Sold out 0.00% −0.24
ESGD iShares Trust iShares ESG Aw Reduce -5.2% 0.27% −0.24
EEM iShares MSCI Emerging Market Reduce -83.1% 0.02% −0.18
DHR Danaher Corp. Sold out 0.00% −0.18
VWIUX Vanguard I/T Tax Exmpt-Adm Reduce -5.4% 0.20% −0.17
EIBIX Eaton Vance Inc. FD Bostn-Ins Reduce -48.6% 0.07% −0.17
UPS United Parcel Service Class B Sold out 0.00% −0.15
SHV iShares 0-1 Year Treasury Bo Reduce -85.2% 0.01% −0.11
IEI iShares 3-7 Year Treasury Bo Reduce -31.1% 0.07% −0.11
VAIPX Vanguard Infl Proct Sec-Adm Reduce -20.9% 0.09% −0.11
EFV iShares MSCI Eafe Value ETF Reduce -80.7% 0.01% −0.10
ESLOF Essilorluxottica Reduce -7.3% 0.09% −0.08
LRLCF L'oreal Reduce -8.3% 0.07% −0.07
VUSB Vanguard Ultra Short Bond Et Reduce -32.5% 0.04% −0.07
IXSRF iShares MSCI Em Xchina Reduce -50.1% 0.02% −0.05
EFAX State Street SPDR MSCI Eafe Reduce -57.2% 0.01% −0.03
COIN Coinbase Global Inc. Class A Reduce -60.3% 0.01% −0.03
VTMGX Vanguard Dev MKT Indx-Adm Sold out 0.00% −0.02
ICLN iShares Global Clean Energy Reduce -42.9% 0.01% −0.02
DBLTX Doubleline TTL RTRN BND-I Reduce -3.6% 0.02% −0.01

Portfolio Buys Q1 2024 → Q2 2024
IVV iShares Core S&P 500 ETF Add +131.1% 17.26% +4.57
VOO Vanguard S&P 500 ETF Add +225.7% 5.42% +2.60
VT Vanguard Tot World STK ETF Add +442.8% 3.71% +2.52
HEFA Isha Curr Hedged MSCI Eafe Add +253.2% 2.16% +1.09
SNPS Synopsys Inc. New 1.07% +1.07
TIP iShares Tips Bond ETF Add +153.2% 2.39% +0.71
IEMG iShares Core MSCI Emerging Add +115.7% 3.05% +0.63
ITOT iShares Core S&P Total U.S. Add +146.2% 1.68% +0.51
SPY SS SPDR S&P 500 ETF Trust-US Add +107.7% 2.14% +0.39
EWJ iShares MSCI Japan ETF Add +214.3% 0.76% +0.31
SPYX SS SPDR S&P 500 Foss FL ETF Add +198.1% 0.56% +0.24
DBJP Xtrackers MSCI Japan Hedged Add +103.5% 1.72% +0.23
XLE SS Energy Select Sector New 0.22% +0.22
HAWX iShares Cur HDG MSCI Acwi-X New 0.20% +0.20
BILS SS Spdrb B 3-12M T-Bill ETF Add +109.0% 1.33% +0.20
VGIT Vanguard Intermediate-Term T Add +214.7% 0.43% +0.19
USB US Bancorp New 0.18% +0.18
XCEM Columbia Em Core Ex-China Add +262.4% 0.29% +0.15
MSFT Microsoft Corp. New 0.15% +0.15
MCHI iShares MSCI China ETF Add +368.8% 0.23% +0.15
VNQ Vanguard Real Estate ETF Add +213.4% 0.36% +0.15
IAU iShares Gold Trust Add +534.5% 0.20% +0.15
VWEAX Vanguard Hi YLD Corp.-Adm New 0.14% +0.14
IWV iShares Russell 3000 ETF Add +501.0% 0.18% +0.13
SGOV iShares 0-3 Month Treasury B Add +84.7% 2.85% +0.11
ABLZF Abb Ltd.-Reg New 0.10% +0.10
SL GREEN REALTY CORP New 0.10% +0.10
NWSA News Corp. Class A New 0.09% +0.09
VNO Vornado Realty Trust New 0.09% +0.09
NVSEF Novartis AG-Reg New 0.08% +0.08
VGSH Vanguard Short-Term Treasury Add +80.3% 4.44% +0.07
DXJ Wisdomtree Japan Hedged Eq Add +93.9% 0.57% +0.07
DGEAF Diageo PLC New 0.07% +0.07
AAPL Apple Inc. New 0.05% +0.05
AMD Advanced Micro Devices New 0.05% +0.05
SUB iShares Short-Term National Add +97.1% 0.49% +0.05
UTHR United Therapeutics Corp. New 0.05% +0.05
USMV iShares MSCI USA Min Vol Fac New 0.05% +0.05
GPDNF Danone New 0.05% +0.05
VPL Vanguard Ftse Pacific ETF New 0.04% +0.04
CDNS Cadence Design SYS Inc. New 0.04% +0.04
EXPE Expedia Group Inc. New 0.04% +0.04
EPP iShares MSCI Pacific Ex Japa Add +118.9% 0.22% +0.04
INCY Incyte Corp. New 0.04% +0.04
QQQ Invesco QQQ Trust Series 1 Add +123.7% 0.14% +0.04
DBEF Xtrackers MSCI Eafe Hedged E Add +267.2% 0.07% +0.04
SNAP Snap Inc. Class A New 0.04% +0.04
DBEU Xtrackers MSCI Europe Hedged Add +149.0% 0.12% +0.04
USHY iShares Broad Usd High Yield Add +84.7% 1.07% +0.04
GOOGL Alphabet Inc. Class A Add +73.6% 0.22% +0.04

Notes & Other Activity Q1 2024 → Q2 2024
US TREASURY N/B (T 0.375 01/31/26) Fixed Income Sold out 3,865,700 $357.5Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 186$2.8BIVV, IEMG, VGSH, HEFA, VTV
Q1 2026 174$2.7BIVV, VGSH, IEMG, HEFA, VTV
Q4 2025 166$2.7BIVV, VGSH, HEFA, IEMG, STIP
Q3 2025 162$2.5BIVV, VGSH, IEMG, HEFA, VOO
Q2 2025 161$2.5BIVV, VGSH, IEMG, HEFA, VTV
Q1 2025 182$5.9BIVV, VOO, VTV, VT, VGSH
Q4 2024 125$3.6BIVV, VOO, EMXC, BIL, VT
Q3 2024 177$6.3BIVV, VOO, EMXC, VGSH, VT
Q2 2024 186$5.9BIVV, EMXC, VOO, VGSH, VTV
Q1 2024 139$3.3BIVV, EMXC, IRRRF, VTV, VGSH