CAMBRIDGE ASSOCIATES LLC /MA/ /ADV

BOSTON, MA · CIK 733986 · 13F filing filed 2023-02-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$1.3bn reported value +6.2% vs Q3 2022

42positions

77.9%in top 10

4 new 15 added 14 reduced 6 sold out vs Q3 2022

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	938,105	$329.6m25.43%	25.43%	Added +29.4k	+29,383 3.2%
2	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	3,234,078	$278.7m21.50%	21.50%	Reduced -316.8k	-316,842 -8.9%
3	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	1,701,371	$71.4m5.51%	5.51%	Reduced -172.4k	-172,434 -9.2%
4	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	288,511	$55.2m4.26%	4.26%	Added +41.1k	+41,073 16.6%
5	ISHARES TR CORE US AGGBD ET AGG	AGG	531,030	$51.5m3.97%	3.97%	Reduced -88.5k	-88,499 -14.3%
6	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	1,098,974	$51.3m3.96%	3.96%	Added +14.8k	+14,761 1.4%
7	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	1,262,430	$49.2m3.80%	3.80%	Reduced -51.8k	-51,775 -3.9%
8	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	122,852	$47.0m3.62%	3.62%	Added +8.9k	+8,879 7.8%
9	SPDR GOLD TR GOLD SHS GLD	GLD	235,802	$40.0m3.09%	3.09%	Reduced -2.2k	-2,196 -0.9%
10	VANGUARD SCOTTSDALE FDS LONG TERM TREAS VGLT	VGLT	575,813	$35.5m2.74%	2.74%	Added +82.7k	+82,677 16.8%
11	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	160,330	$34.2m2.64%	2.64%	Added +3.8k	+3,767 2.4%
12	ISHARES INC CORE MSCI EMKT IEMG	IEMG	636,657	$29.7m2.29%	2.29%	Added +11.5k	+11,525 1.8%
13	ISHARES TR RUS 1000 VAL ETF IWD	IWD	171,956	$26.1m2.01%	2.01%	New
14	ISHARES TR 7-10 YR TRSY BD IEF	IEF	238,229	$22.8m1.76%	1.76%	Unchanged
15	ISHARES TR MSCI ACWI ETF ACWI	ACWI	240,157	$20.4m1.57%	1.57%	Added +38.8k	+38,760 19.2%
16	VANGUARD SCOTTSDALE FDS VNG RUS1000VAL VONV	VONV	262,826	$17.5m1.35%	1.35%	Reduced -10.2k	-10,171 -3.7%
17	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	179,444	$13.5m1.04%	1.04%	Added +16.9k	+16,902 10.4%
18	ISHARES TR CORE S&P500 ETF IVV	IVV	33,180	$12.7m0.98%	0.98%	Reduced -13.3k	-13,338 -28.7%
19	ISHARES TR CORE MSCI EAFE IEFA	IEFA	191,612	$11.8m0.91%	0.91%	Added +61.9k	+61,871 47.7%
20	SPDR INDEX SHS FDS GLB NAT RESRCE GNR	GNR	181,198	$10.3m0.80%	0.80%	Unchanged
21	ISHARES TR TIPS BD ETF TIP	TIP	85,899	$9.1m0.71%	0.71%	Added +1.3k	+1,302 1.5%
22	ISHARES TR CORE S&P SCP ETF IJR	IJR	89,378	$8.5m0.65%	0.65%	Added +1.9k	+1,945 2.2%
23	VANGUARD WORLD FD ESG US STK ETF ESGV	ESGV	125,834	$8.3m0.64%	0.64%	Added +116.5k	+116,497 1247.7%
24	ISHARES GOLD TR ISHARES NEW IAU	IAU	235,182	$8.1m0.63%	0.63%	Reduced -341.2k	-341,168 -59.2%
25	ISHARES TR 20 YR TR BD ETF TLT	TLT	74,206	$7.4m0.57%	0.57%	Added +10.6k	+10,556 16.6%
26	VANGUARD INDEX FDS VALUE ETF VTV	VTV	40,151	$5.6m0.43%	0.43%	Added +6.9k	+6,921 20.8%
27	ISHARES TR MSCI USA MIN VOL USMV	USMV	73,530	$5.3m0.41%	0.41%	New
28	VANGUARD SCOTTSDALE FDS VNG RUS1000IDX VONE	VONE	25,303	$4.4m0.34%	0.34%	Reduced -11.7k	-11,696 -31.6%
29	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	53,056	$4.4m0.34%	0.34%	Unchanged
30	ISHARES TR RUSSELL 2000 ETF IWM	IWM	24,225	$4.2m0.33%	0.33%	Unchanged
31	ISHARES TR CRE U S REIT ETF USRT	USRT	80,120	$4.0m0.31%	0.31%	Unchanged
32	SCHWAB STRATEGIC TR SHT TM US TRES SCHO	SCHO	80,542	$3.9m0.30%	0.30%	Reduced -62.2k	-62,152 -43.6%
33	VANGUARD WORLD FD ENERGY ETF VDE	VDE	19,309	$2.3m0.18%	0.18%	New
34	ISHARES TR 0-5 YR TIPS ETF STIP	STIP	23,967	$2.3m0.18%	0.18%	Reduced -1.4k	-1,441 -5.7%
35	VANGUARD SCOTTSDALE FDS VNG RUS2000IDX VTWO	VTWO	30,914	$2.2m0.17%	0.17%	Unchanged
36	WORLD GOLD TR SPDR GLD MINIS SPDR GLD MINIS		51,396	$1.9m0.14%	0.14%	Unchanged
37	VANGUARD WORLD FD ESG INTL STK ETF VSGX	VSGX	32,334	$1.6m0.12%	0.12%	Reduced -59.8k	-59,788 -64.9%
38	VANGUARD SCOTTSDALE FDS INTER TERM TREAS VGIT	VGIT	22,586	$1.3m0.10%	0.10%	Unchanged
39	VANGUARD BD INDEX FDS INTERMED TERM BIV	BIV	13,583	$1.0m0.08%	0.08%	New
40	SCHWAB STRATEGIC TR INT-TRM U.S TRES SCHR	SCHR	19,842	$976.8k0.08%	0.08%	Reduced -18.4k	-18,380 -48.1%
41	VANECK ETF TRUST ISRAEL ETF ISRA	ISRA	15,615	$557.3k0.04%	0.04%	Reduced -112.4k	-112,385 -87.8%
42	ISHARES TR HDG MSCI EAFE HEFA	HEFA	12,476	$336.9k0.03%	0.03%	Unchanged

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
ISHARES TR GOVT	GOVT	435,423	$9.9m435.4k shares
ISHARES INC EZA	EZA	132,939	$4.8m132.9k shares
SPDR S&P MIDCAP 400 ETF TR MDY	MDY	1,950	$783.0k1.9k shares
ISHARES INC EWC	EWC	22,481	$692.0k22.5k shares
ISHARES TR EFA	EFA	4,971	$278.0k5.0k shares
VANGUARD SCOTTSDALE FDS VCSH	VCSH	2,304	$171.0k2.3k shares