CAMBRIDGE ASSOCIATES LLC /MA/ /ADV

BOSTON, MA · CIK 733986 · 13F filing filed 2023-08-14

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 +3.6% vs Q1 2023

41positions

80.9%in top 10

5 new 15 added 7 reduced 8 sold out vs Q1 2023

Holdings, Q2 2023

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	942,795	$384.0m28.70%	28.70%	Reduced -37.0k	-37,011 -3.8%
2	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	2,463,680	$238.9m17.86%	17.86%	Added +39.4k	+39,381 1.6%
3	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	1,841,756	$85.1m6.36%	6.36%	Added +244.3k	+244,301 15.3%
4	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	349,387	$77.0m5.75%	5.75%	Added +127.8k	+127,822 57.7%
5	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	1,417,265	$57.7m4.31%	4.31%	Added +132.7k	+132,698 10.3%
6	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	1,175,108	$55.7m4.16%	4.16%	Added +142.0k	+142,004 13.8%
7	VANGUARD SCOTTSDALE FDS LONG TERM TREAS VGLT	VGLT	738,511	$46.9m3.51%	3.51%	Added +57.3k	+57,278 8.4%
8	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	104,589	$46.4m3.47%	3.47%	Added +1.5k	+1,477 1.4%
9	ISHARES TR CORE US AGGBD ET AGG	AGG	464,855	$45.5m3.40%	3.40%	Reduced -61.4k	-61,438 -11.7%
10	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	160,330	$45.4m3.39%	3.39%	Unchanged
11	SPDR GOLD TR GOLD SHS GLD	GLD	193,033	$34.4m2.57%	2.57%	Unchanged
12	VANGUARD SCOTTSDALE FDS VNG RUS1000VAL VONV	VONV	340,536	$23.6m1.76%	1.76%	Added +87.8k	+87,789 34.7%
13	ISHARES TR 7-10 YR TRSY BD IEF	IEF	238,229	$23.0m1.72%	1.72%	Unchanged
14	VANGUARD SCOTTSDALE FDS INTER TERM TREAS VGIT	VGIT	329,295	$19.3m1.44%	1.44%	Added +281.6k	+281,563 589.9%
15	ISHARES TR RUS 1000 VAL ETF IWD	IWD	102,779	$16.2m1.21%	1.21%	Unchanged
16	ISHARES TR US TREAS BD ETF GOVT	GOVT	686,087	$15.7m1.17%	1.17%	Reduced -214.6k	-214,550 -23.8%
17	ISHARES GOLD TR ISHARES NEW IAU	IAU	352,072	$12.8m0.96%	0.96%	Added +108.7k	+108,695 44.7%
18	SPDR INDEX SHS FDS GLB NAT RESRCE GNR	GNR	189,254	$12.7m0.95%	0.95%	Reduced -33.9k	-33,876 -15.2%
19	ISHARES TR TIPS BD ETF TIP	TIP	92,779	$10.0m0.75%	0.75%	Added +24.6k	+24,625 36.1%
20	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	130,736	$9.9m0.74%	0.74%	Unchanged
21	ISHARES TR CORE S&P500 ETF IVV	IVV	19,766	$8.8m0.66%	0.66%	Unchanged
22	ISHARES TR 20 YR TR BD ETF TLT	TLT	64,739	$6.7m0.50%	0.50%	Unchanged
23	ISHARES TR 0-5 YR TIPS ETF STIP	STIP	64,725	$6.3m0.47%	0.47%	Added +40.8k	+40,758 170.1%
24	VANGUARD WORLD FD ESG INTL STK ETF VSGX	VSGX	114,022	$6.1m0.45%	0.45%	New
25	VANGUARD INDEX FDS VALUE ETF VTV	VTV	40,151	$5.7m0.43%	0.43%	Unchanged
26	ISHARES TR CORE S&P SCP ETF IJR	IJR	56,372	$5.6m0.42%	0.42%	Unchanged
27	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	61,453	$5.1m0.38%	0.38%	Added +8.4k	+8,397 15.8%
28	VANGUARD SCOTTSDALE FDS VNG RUS1000IDX VONE	VONE	25,303	$5.1m0.38%	0.38%	Unchanged
29	ISHARES TR RUSSELL 2000 ETF IWM	IWM	24,225	$4.5m0.34%	0.34%	Unchanged
30	ISHARES TR CRE U S REIT ETF USRT	USRT	80,120	$4.1m0.31%	0.31%	Unchanged
31	VANGUARD WORLD FD ENERGY ETF VDE	VDE	32,972	$3.7m0.28%	0.28%	Added +13.7k	+13,663 70.8%
32	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	50,602	$3.7m0.27%	0.27%	New
33	VANGUARD WORLD FD ESG US STK ETF ESGV	ESGV	38,208	$3.0m0.22%	0.22%	Reduced -32.1k	-32,051 -45.6%
34	ISHARES TR 1 3 YR TREAS BD SHY	SHY	36,808	$3.0m0.22%	0.22%	Added +33.2k	+33,153 907.1%
35	VANGUARD SCOTTSDALE FDS VNG RUS2000IDX VTWO	VTWO	30,914	$2.3m0.17%	0.17%	Unchanged
36	WORLD GOLD TR SPDR GLD MINIS GLDM	GLDM	51,396	$2.0m0.15%	0.15%	New
37	SCHWAB STRATEGIC TR INT-TRM U.S TRES SCHR	SCHR	18,389	$906.2k0.07%	0.07%	Reduced -1.5k	-1,453 -7.3%
38	VANECK ETF TRUST ISRAEL ETF ISRA	ISRA	15,615	$550.6k0.04%	0.04%	Unchanged
39	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	14,475	$435.8k0.03%	0.03%	New
40	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	2,304	$174.3k0.01%	0.01%	New
41	SCHWAB STRATEGIC TR SHT TM US TRES SCHO	SCHO	406	$19.5k0.00%	0.00%	Reduced -49.3k	-49,287 -99.2%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
ISHARES TR IEFA	IEFA	419,429	$28.0m419.4k shares
ISHARES INC IEMG	IEMG	543,706	$26.5m543.7k shares
ISHARES TR ACWI	ACWI	278,598	$25.4m278.6k shares
ISHARES TR USMV	USMV	59,435	$4.2m59.4k shares
WORLD GOLD TR		51,396	$2.0m51.4k shares
ISHARES INC EWC	EWC	24,128	$824.7k24.1k shares
ISHARES TR ESGU	ESGU	4,544	$411.0k4.5k shares
ISHARES TR ESGD	ESGD	4,329	$311.0k4.3k shares