Partners Capital Investment Group, LLP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), Partners Capital Investment Group, LLP reported 162 stock positions worth $2.5 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 20.5% of the portfolio, followed by Vanguard Short-Term Treasury (VGSH, 5.8%) and iShares Core MSCI Emerging (IEMG, 5.5%). Compared with Q2 2025, it opened 10 new positions, sold out of 9, added to 45 and reduced 32. The biggest buy was iShares 0-5 Year Tips Bond E (STIP, shares +13%) and the biggest sale iShares MSCI Emr MRK Ex Chna (EMXC, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001694870
- Portfolio Value
- $2.5B (Q3 2025)
- SEC Filing
- 0001104659-25-104708 ↗ filed Oct 31, 2025
Holdings Value
Holdings 162 stocks · $2.5B
| IVV iShares Core S&P 500 ETF | 20.46% | 769,341 | $514.9M | Reduce -5.6% |
| VGSH Vanguard Short-Term Treasury | 5.78% | 2,470,830 | $145.4M | Reduce -5.7% |
| IEMG iShares Core MSCI Emerging | 5.47% | 2,087,514 | $137.6M | Reduce -8.4% |
| HEFA Isha Curr Hedged MSCI Eafe | 5.25% | 3,334,727 | $132.1M | Add +4.5% |
| VOO Vanguard S&P 500 ETF | 4.82% | 197,963 | $121.2M | Reduce -2.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 4.57% | 616,349 | $114.9M | Reduce -7.0% |
| STIP iShares 0-5 Year Tips Bond E | 3.79% | 923,723 | $95.5M | Add +13.1% |
| VT Vanguard Tot World STK ETF | 3.21% | 586,353 | $80.8M | Reduce -9.2% |
| ITOT iShares Core S&P Total U.S. | 3.05% | 526,649 | $76.7M | Reduce -9.6% |
| EMXC iShares MSCI Emr MRK Ex Chna | 2.90% | 1,081,293 | $73.0M | Reduce -25.4% |
| TIP iShares Tips Bond ETF | 2.53% | 571,851 | $63.6M | Add +8.9% |
| IEFA iShares Core MSCI Eafe ETF | 2.42% | 698,646 | $61.0M | Reduce -18.0% |
| DBJP Xtrackers MSCI Japan Hedged | 2.34% | 691,554 | $58.8M | Reduce -1.6% |
| ACWI iShares MSCI Acwi ETF | 2.23% | 405,964 | $56.1M | Add +5.4% |
| IEF iShares 7-10 Year Treasury B | 1.63% | 424,554 | $41.0M | Add +7.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.51% | 56,862 | $37.9M | Add +0.3% |
| SNPS Synopsys Inc. | 1.51% | 56,862 | $37.9M | Add +0.3% |
| REET iShares Global REIT ETF | 1.44% | 1,413,342 | $36.1M | Add +5.6% |
| SGOV iShares 0-3 Month Treasury B | 1.24% | 311,037 | $31.3M | Add +18.5% |
| IAU iShares Gold Trust | 1.01% | 349,933 | $25.5M | No change |
| SUB iShares Short-Term National | 0.91% | 213,956 | $22.8M | Add +35.5% |
| HEWJ Isha Curr Hedged MSCI Japan | 0.86% | 436,920 | $21.5M | Reduce -3.9% |
| EWJ iShares MSCI Japan ETF | 0.81% | 253,972 | $20.4M | Reduce -22.4% |
| VGIT Vanguard Intermediate-Term T | 0.78% | 326,064 | $19.6M | Reduce -5.5% |
| USHY iShares Broad Usd High Yield | 0.76% | 504,949 | $19.1M | Add +1.2% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.64% | 161,239 | $16.0M | Reduce -45.3% |
| HAWX iShares Cur HDG MSCI Acwi-X | 0.63% | 421,211 | $15.9M | Add +6.1% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.62% | 285,493 | $15.7M | Add +48.6% |
| DXJ Wisdomtree Japan Hedged Eq | 0.60% | 118,241 | $15.1M | Reduce -6.2% |
| XCEM Columbia Em Core Ex-China | 0.59% | 406,326 | $14.8M | No change |
| XLE SS Energy Select Sector | 0.52% | 146,916 | $13.1M | Add +0.8% |
| VNQ Vanguard Real Estate ETF | 0.52% | 141,786 | $13.0M | Add +2.2% |
| EFA iShares MSCI Eafe ETF | 0.49% | 130,751 | $12.2M | Reduce -61.6% |
| IWV iShares Russell 3000 ETF | 0.45% | 29,764 | $11.3M | Add +0.3% |
| VTWO Vanguard Russell 2000 ETF | 0.44% | 114,119 | $11.2M | Add +0.3% |
| MCHI iShares MSCI China ETF | 0.44% | 167,230 | $11.0M | No change |
| PWRD TCW Transform Systems ETF | 0.41% | 105,340 | $10.3M | Add +55.6% |
| MSFT Microsoft Corp. | 0.35% | 17,053 | $8.8M | Add +1.0% |
| IWM iShares Russell 2000 ETF | 0.33% | 34,255 | $8.3M | Add +28.8% |
| ISRA Vaneck Israel ETF | 0.31% | 145,123 | $7.9M | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.30% | 91,729 | $7.6M | Reduce -12.3% |
| META Meta Platforms Inc. Class A | 0.29% | 9,855 | $7.2M | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.29% | 78,679 | $7.2M | Reduce -36.0% |
| SHV iShares 0-1 Year Treasury Bo | 0.27% | 61,490 | $6.8M | Add +1.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.26% | 11,090 | $6.7M | Add +1.5% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.26% | 143,246 | $6.6M | Reduce -6.2% |
| GOOGL Alphabet Inc. Class A | 0.24% | 25,276 | $6.1M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.24% | 21,935 | $6.1M | No change |
| EPP iShares MSCI Pacific Ex Japa | 0.24% | 116,360 | $6.0M | Reduce -16.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.24% | 18,267 | $6.0M | Add +0.3% |
| QUAL iShares MSCI USA Quality Fac | 0.23% | 29,716 | $5.8M | Add +0.2% |
| RSP Invesco S&P 500 Equal Weight | 0.22% | 28,572 | $5.4M | Add +0.4% |
| AVGO Broadcom Inc. | 0.21% | 16,249 | $5.4M | Add +50.0% |
| ABLZF Abb Ltd.-Reg | 0.21% | 74,204 | $5.3M | No change |
| NVSEF Novartis AG-Reg | 0.21% | 42,461 | $5.3M | No change |
| URTH iShares MSCI World ETF | 0.21% | 28,943 | $5.3M | Reduce -0.1% |
| ICE Intercontinental Exchange Inc. | 0.20% | 30,404 | $5.1M | No change |
| SCHW Schwab (charles) Corp. | 0.20% | 53,093 | $5.1M | No change |
| V Visa Inc. Class A | 0.19% | 14,364 | $4.9M | Add +0.0% |
| VMC Vulcan Materials Co. | 0.19% | 15,741 | $4.8M | No change |
| BN Brookfield Corp. | 0.19% | 70,457 | $4.8M | No change |
| GPDNF Danone | 0.19% | 70,457 | $4.8M | No change |
| TYL Tyler Technologies Inc. | 0.19% | 9,197 | $4.8M | No change |
| CTVA Corteva Inc. | 0.19% | 71,127 | $4.8M | No change |
| TDG Transdigm Group Inc. | 0.19% | 3,648 | $4.8M | No change |
| URI United Rentals Inc. | 0.19% | 5,022 | $4.8M | New |
| HLT Hilton Worldwide Holdings Inc. | 0.19% | 18,053 | $4.7M | New |
| NWSA News Corp. Class A | 0.18% | 150,884 | $4.6M | No change |
| LIN Linde PLC | 0.18% | 9,599 | $4.6M | Add +3.3% |
| SRLN SS Blackstone Sr Loan ETF | 0.18% | 109,234 | $4.5M | Reduce -18.1% |
| GLD SPDR Gold Shares | 0.17% | 12,310 | $4.4M | No change |
| EEM iShares MSCI Emerging Market | 0.17% | 80,306 | $4.3M | New |
| DE Deere & Co. | 0.17% | 9,328 | $4.3M | No change |
| QSR Restaurant Brands Intern | 0.16% | 63,878 | $4.1M | No change |
| FERG Ferguson Jersey Ltd. | 0.16% | 17,835 | $4.0M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.16% | 8,056 | $3.9M | No change |
| ONC Beone Medicines Ltd.-ADR | 0.14% | 10,360 | $3.5M | No change |
| ESGU iShares ESG Aware MSCI USA | 0.14% | 23,933 | $3.5M | Add +0.3% |
| SPGI S&P Global Inc. | 0.14% | 7,158 | $3.5M | New |
| VPL Vanguard Ftse Pacific ETF | 0.14% | 39,623 | $3.5M | Add +0.6% |
| DBEU Xtrackers MSCI Europe Hedged | 0.13% | 73,209 | $3.4M | Reduce -19.6% |
| MUB iShares National Muni Bond E | 0.13% | 30,632 | $3.3M | Add +4.8% |
| BMY Bristol-Myers Squibb Co. | 0.13% | 72,210 | $3.3M | No change |
| NOW ServiceNow Inc. | 0.13% | 3,535 | $3.3M | No change |
| AAPL Apple Inc. | 0.13% | 12,423 | $3.2M | Reduce -1.6% |
| CRM Salesforce Inc. | 0.12% | 13,075 | $3.1M | No change |
| USMV iShares MSCI USA Min Vol Fac | 0.11% | 29,220 | $2.8M | Add +0.4% |
| VTIP Vanguard Short-Term Tips | 0.10% | 51,649 | $2.6M | Reduce -10.2% |
| ARGX Argenx SE - ADR | 0.10% | 3,504 | $2.6M | No change |
| INCY Incyte Corp. | 0.10% | 29,579 | $2.5M | No change |
| REZ Ishars Res and Multi Reales | 0.10% | 28,990 | $2.5M | No change |
| UTHR United Therapeutics Corp. | 0.10% | 5,839 | $2.4M | No change |
| JBTM JBT Marel Corp. | 0.10% | 17,252 | $2.4M | No change |
| INDA iShares MSCI India ETF | 0.09% | 41,894 | $2.2M | No change |
| KWEB Kranesh Csi China Internet | 0.08% | 46,890 | $2.0M | No change |
| SNAP Snap Inc. Class A | 0.07% | 218,359 | $1.7M | Add +53.3% |
| IEI iShares 3-7 Year Treasury Bo | 0.06% | 12,644 | $1.5M | Add +0.9% |
| IWR iShares Russell Mid-Cap ETF | 0.06% | 15,178 | $1.5M | Reduce -14.8% |
| IGIFF Igm Financial Inc. | 0.06% | 11,626 | $1.5M | No change |
| IGM iShares Expanded Tech Sector | 0.06% | 11,626 | $1.5M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -25.4% | 2.90% | −0.80 |
| EFA iShares MSCI Eafe ETF | Reduce -61.6% | 0.49% | −0.75 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -45.3% | 0.64% | −0.55 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -18.0% | 2.42% | −0.45 |
| VGSH Vanguard Short-Term Treasury | Reduce -5.7% | 5.78% | −0.44 |
| VNO Vornado Realty Trust | Sold out | 0.00% | −0.31 |
| SL GREEN REALTY CORP | Sold out | 0.00% | −0.25 |
| MUSA Murphy USA Inc. | Sold out | 0.00% | −0.21 |
| EWJ iShares MSCI Japan ETF | Reduce -22.4% | 0.81% | −0.18 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -36.0% | 0.29% | −0.17 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -7.0% | 4.57% | −0.17 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.16 |
| USB US Bancorp | Sold out | 0.00% | −0.15 |
| VT Vanguard Tot World STK ETF | Reduce -9.2% | 3.21% | −0.14 |
| ITOT iShares Core S&P Total U.S. | Reduce -9.6% | 3.05% | −0.13 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −0.09 |
| FUL H.B. Fuller Co. | Sold out | 0.00% | −0.07 |
| IEMG iShares Core MSCI Emerging | Reduce -8.4% | 5.47% | −0.06 |
| SLQD iShares 0-5 YR Inv GRD Corp. | Sold out | 0.00% | −0.06 |
| VGIT Vanguard Intermediate-Term T | Reduce -5.5% | 0.78% | −0.06 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -12.3% | 0.30% | −0.05 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -18.1% | 0.18% | −0.04 |
| EPP iShares MSCI Pacific Ex Japa | Reduce -16.0% | 0.24% | −0.04 |
| DBEU Xtrackers MSCI Europe Hedged | Reduce -19.6% | 0.13% | −0.03 |
| VTIP Vanguard Short-Term Tips | Reduce -10.2% | 0.10% | −0.01 |
| EXPRO GROUP HOLDINGS NV COM | Sold out | 0.00% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -14.8% | 0.06% | −0.01 |
| EWU iShares MSCI United Kingdom | Reduce -16.9% | 0.04% | −0.01 |
| DBEF Xtrackers MSCI Eafe Hedged E | Reduce -6.2% | 0.26% | −0.01 |
| ETR Entergy Corp. | Reduce -32.9% | 0.01% | −0.00 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -6.8% | 0.01% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.3% | 0.01% | −0.00 |
| VRT Vertiv Holdings Co. Class A | Reduce -14.5% | 0.02% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -5.6% | 20.46% | +0.00 |
| URTH iShares MSCI World ETF | Reduce -0.1% | 0.21% | +0.01 |
| OPEN Opendoor Technologies Inc. | Reduce -23.9% | 0.01% | +0.01 |
| DXJ Wisdomtree Japan Hedged Eq | Reduce -6.2% | 0.60% | +0.02 |
| AAPL Apple Inc. | Reduce -1.6% | 0.13% | +0.02 |
| HEWJ Isha Curr Hedged MSCI Japan | Reduce -3.9% | 0.86% | +0.03 |
| DBJP Xtrackers MSCI Japan Hedged | Reduce -1.6% | 2.34% | +0.16 |
| VOO Vanguard S&P 500 ETF | Reduce -2.3% | 4.82% | +0.16 |
Portfolio Buys Q2 2025 → Q3 2025
| STIP iShares 0-5 Year Tips Bond E | Add +13.1% | 3.79% | +0.40 |
| HEFA Isha Curr Hedged MSCI Eafe | Add +4.5% | 5.25% | +0.35 |
| SUB iShares Short-Term National | Add +35.5% | 0.91% | +0.23 |
| ACWI iShares MSCI Acwi ETF | Add +5.4% | 2.23% | +0.23 |
| SPYX SS SPDR S&P 500 Foss FL ETF | Add +48.6% | 0.62% | +0.23 |
| TIP iShares Tips Bond ETF | Add +8.9% | 2.53% | +0.19 |
| URI United Rentals Inc. | New | 0.19% | +0.19 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.19% | +0.19 |
| SGOV iShares 0-3 Month Treasury B | Add +18.5% | 1.24% | +0.18 |
| EEM iShares MSCI Emerging Market | New | 0.17% | +0.17 |
| PWRD TCW Transform Systems ETF | Add +55.6% | 0.41% | +0.16 |
| SPGI S&P Global Inc. | New | 0.14% | +0.14 |
| REET iShares Global REIT ETF | Add +5.6% | 1.44% | +0.10 |
| IWM iShares Russell 2000 ETF | Add +28.8% | 0.33% | +0.10 |
| IEF iShares 7-10 Year Treasury B | Add +7.2% | 1.63% | +0.09 |
| AVGO Broadcom Inc. | Add +50.0% | 0.21% | +0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 1.51% | +0.09 |
| SNPS Synopsys Inc. | Add +0.3% | 1.51% | +0.09 |
| HAWX iShares Cur HDG MSCI Acwi-X | Add +6.1% | 0.63% | +0.07 |
| VTWO Vanguard Russell 2000 ETF | Add +0.3% | 0.44% | +0.04 |
| IVE iShares S&P 500 Value ETF | New | 0.04% | +0.04 |
| IREN Iren Ltd. | New | 0.03% | +0.03 |
| IWV iShares Russell 3000 ETF | Add +0.3% | 0.45% | +0.03 |
| XLE SS Energy Select Sector | Add +0.8% | 0.52% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.5% | 0.26% | +0.02 |
| SNAP Snap Inc. Class A | Add +53.3% | 0.07% | +0.02 |
| XEL Xcel Energy Inc. | New | 0.02% | +0.02 |
| CNP Centerpoint Energy Inc. | New | 0.02% | +0.02 |
| VNQ Vanguard Real Estate ETF | Add +2.2% | 0.52% | +0.02 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 0.24% | +0.01 |
| MSFT Microsoft Corp. | Add +1.0% | 0.35% | +0.01 |
| QUAL iShares MSCI USA Quality Fac | Add +0.2% | 0.23% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | New | 0.01% | +0.01 |
| FOXA Fox Corp. Class A | New | 0.01% | +0.01 |
| ESGU iShares ESG Aware MSCI USA | Add +0.3% | 0.14% | +0.01 |
| VPL Vanguard Ftse Pacific ETF | Add +0.6% | 0.14% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +0.4% | 0.22% | +0.01 |
| MUB iShares National Muni Bond E | Add +4.8% | 0.13% | +0.01 |
| LIN Linde PLC | Add +3.3% | 0.18% | +0.00 |
| SOXX iShares Semiconductor ETF | Add +0.2% | 0.03% | +0.00 |
| BX Blackstone Inc. | Add +0.1% | 0.03% | +0.00 |
| WM Waste Management Inc. | Add +23.6% | 0.02% | +0.00 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +5.0% | 0.04% | +0.00 |
| RSG Republic Services Inc. | Add +24.6% | 0.02% | +0.00 |
| GFL GFL Environmental Inc.-Sub VT | Add +20.3% | 0.02% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +0.4% | 0.04% | +0.00 |
| USHY iShares Broad Usd High Yield | Add +1.2% | 0.76% | +0.00 |
| LEN Lennar Corp. Class A | Add +0.5% | 0.01% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Add +0.5% | 0.02% | +0.00 |
| USMV iShares MSCI USA Min Vol Fac | Add +0.4% | 0.11% | 0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 186 | $2.8B | IVV, IEMG, VGSH, HEFA, VTV |
| Q1 2026 | 174 | $2.7B | IVV, VGSH, IEMG, HEFA, VTV |
| Q4 2025 | 166 | $2.7B | IVV, VGSH, HEFA, IEMG, STIP |
| Q3 2025 | 162 | $2.5B | IVV, VGSH, IEMG, HEFA, VOO |
| Q2 2025 | 161 | $2.5B | IVV, VGSH, IEMG, HEFA, VTV |
| Q1 2025 | 182 | $5.9B | IVV, VOO, VTV, VT, VGSH |
| Q4 2024 | 125 | $3.6B | IVV, VOO, EMXC, BIL, VT |
| Q3 2024 | 177 | $6.3B | IVV, VOO, EMXC, VGSH, VT |
| Q2 2024 | 186 | $5.9B | IVV, EMXC, VOO, VGSH, VTV |
| Q1 2024 | 139 | $3.3B | IVV, EMXC, IRRRF, VTV, VGSH |