CAMBRIDGE ASSOCIATES LLC /MA/ /ADV

BOSTON, MA · CIK 733986 · 13F filing filed 2024-02-14

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.

$1.7bn reported value +11.9% vs Q3 2023

57positions

75.6%in top 10

14 new 12 added 15 reduced 5 sold out vs Q3 2023

Holdings, Q4 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	919,352	$401.6m23.85%	23.85%	Reduced -43.2k	-43,212 -4.5%
2	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	2,968,986	$305.4m18.14%	18.14%	Added +710.2k	+710,197 31.4%
3	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	2,483,929	$119.0m7.07%	7.07%	Added +331.6k	+331,627 15.4%
4	ISHARES TR CORE S&P500 ETF IVV	IVV	184,738	$88.2m5.24%	5.24%	Added +9.4k	+9,375 5.3%
5	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	321,750	$76.3m4.53%	4.53%	Reduced -102.0k	-102,004 -24.1%
6	VANGUARD SCOTTSDALE FDS VNG RUS1000VAL VONV	VONV	938,665	$68.1m4.04%	4.04%	Reduced -52.0k	-52,031 -5.2%
7	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	1,242,259	$59.0m3.50%	3.50%	Reduced -118.4k	-118,383 -8.7%
8	VANGUARD SCOTTSDALE FDS LONG TERM TREAS VGLT	VGLT	865,302	$53.2m3.16%	3.16%	Reduced -47.3k	-47,293 -5.2%
9	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	1,246,716	$51.2m3.04%	3.04%	Reduced -212.7k	-212,747 -14.6%
10	ISHARES TR CORE US AGGBD ET AGG	AGG	514,570	$51.1m3.03%	3.03%	Reduced -125.8k	-125,803 -19.6%
11	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	155,193	$48.2m2.87%	2.87%	Unchanged
12	ISHARES TR CORE MSCI EAFE IEFA	IEFA	441,857	$31.1m1.85%	1.85%	Reduced -489.3k	-489,296 -52.5%
13	VANGUARD SCOTTSDALE FDS INTER TERM TREAS VGIT	VGIT	505,541	$30.0m1.78%	1.78%	Added +57.9k	+57,928 12.9%
14	ISHARES TR 7-10 YR TRSY BD IEF	IEF	238,229	$23.0m1.36%	1.36%	Unchanged
15	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	44,280	$21.0m1.25%	1.25%	Added +5.3k	+5,263 13.5%
16	ISHARES INC CORE MSCI EMKT IEMG	IEMG	374,496	$18.9m1.13%	1.13%	Added +36.6k	+36,648 10.8%
17	ISHARES TR US TREAS BD ETF GOVT	GOVT	788,721	$18.2m1.08%	1.08%	Reduced -178.3k	-178,255 -18.4%
18	ISHARES TR MSCI ACWI ETF ACWI	ACWI	157,340	$16.0m0.95%	0.95%	Reduced -87.8k	-87,772 -35.8%
19	VANGUARD INDEX FDS VALUE ETF VTV	VTV	103,026	$15.4m0.91%	0.91%	Added +62.9k	+62,875 156.6%
20	ISHARES GOLD TR ISHARES NEW IAU	IAU	368,310	$14.4m0.85%	0.85%	Reduced -39.0k	-38,987 -9.6%
21	SPDR INDEX SHS FDS GLB NAT RESRCE GNR	GNR	223,130	$12.6m0.75%	0.75%	Unchanged
22	SCHWAB STRATEGIC TR US LCAP GR ETF SCHG	SCHG	119,452	$9.9m0.59%	0.59%	New
23	ISHARES TR TIPS BD ETF TIP	TIP	90,076	$9.7m0.58%	0.58%	Reduced -12.9k	-12,939 -12.6%
24	SCHWAB STRATEGIC TR FUNDAMENTAL INTL FNDF	FNDF	281,151	$9.5m0.56%	0.56%	New
25	SSGA ACTIVE ETF TR BLACKSTONE SENR SRLN	SRLN	203,969	$8.6m0.51%	0.51%	New
26	INVESCO ACTIVELY MANAGED ETF ACTIVE US REAL PSR	PSR	87,961	$8.0m0.48%	0.48%	New
27	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	103,202	$7.9m0.47%	0.47%	Added +16.7k	+16,657 19.2%
28	ISHARES TR 20 YR TR BD ETF TLT	TLT	72,767	$7.2m0.43%	0.43%	Added +2.7k	+2,749 3.9%
29	VANGUARD WORLD FD ESG US STK ETF ESGV	ESGV	83,303	$7.1m0.42%	0.42%	Added +55.6k	+55,579 200.5%
30	ISHARES TR CORE S&P SCP ETF IJR	IJR	56,372	$6.1m0.36%	0.36%	Unchanged
31	VANGUARD WORLD FD ENERGY ETF VDE	VDE	51,188	$6.0m0.36%	0.36%	Added +18.2k	+18,216 55.2%
32	VANGUARD WORLD FD ESG INTL STK ETF VSGX	VSGX	103,291	$5.7m0.34%	0.34%	Reduced -7.6k	-7,642 -6.9%
33	VANGUARD ADMIRAL FDS INC SMLLCP 600 IDX VIOO	VIOO	55,315	$5.5m0.33%	0.33%	Unchanged
34	ISHARES TR IBOXX HI YD ETF HYG	HYG	66,804	$5.2m0.31%	0.31%	New
35	ISHARES TR MSCI USA MIN VOL USMV	USMV	65,881	$5.1m0.30%	0.30%	Unchanged
36	SCHWAB STRATEGIC TR US TIPS ETF SCHP	SCHP	93,389	$4.9m0.29%	0.29%	New
37	VANGUARD SCOTTSDALE FDS VNG RUS1000IDX VONE	VONE	20,387	$4.4m0.26%	0.26%	Unchanged
38	ISHARES TR EAFE SML CP ETF SCZ	SCZ	70,421	$4.4m0.26%	0.26%	New
39	ISHARES TR CRE U S REIT ETF USRT	USRT	80,120	$4.3m0.26%	0.26%	Unchanged
40	SPDR GOLD TR GOLD SHS GLD	GLD	22,566	$4.3m0.26%	0.26%	Added +2.0k	+2,015 9.8%
41	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	47,607	$4.2m0.25%	0.25%	Reduced -13.8k	-13,846 -22.5%
42	ISHARES TR CONV BD ETF ICVT	ICVT	53,194	$4.2m0.25%	0.25%	New
43	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	43,235	$3.2m0.19%	0.19%	Reduced -13.6k	-13,579 -23.9%
44	ISHARES TR 1 3 YR TREAS BD SHY	SHY	38,080	$3.1m0.19%	0.19%	Unchanged
45	ISHARES TR RUSSELL 3000 ETF IWV	IWV	10,764	$2.9m0.18%	0.18%	New
46	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	34,134	$2.7m0.16%	0.16%	Unchanged
47	VANGUARD SCOTTSDALE FDS VNG RUS2000IDX VTWO	VTWO	30,914	$2.5m0.15%	0.15%	Unchanged
48	ISHARES TR 0-5 YR TIPS ETF STIP	STIP	23,967	$2.4m0.14%	0.14%	Unchanged
49	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	12,423	$2.2m0.13%	0.13%	New
50	VANGUARD INDEX FDS SML CP GRW ETF VBK	VBK	9,189	$2.2m0.13%	0.13%	New
51	VANGUARD INDEX FDS MCAP VL IDXVIP VOE	VOE	15,130	$2.2m0.13%	0.13%	New
52	INVESCO EXCHANGE TRADED FD T S&P MDCP MOMNTUM XMMO	XMMO	24,340	$2.2m0.13%	0.13%	New
53	SCHWAB STRATEGIC TR INT-TRM U.S TRES SCHR	SCHR	24,598	$1.2m0.07%	0.07%	Unchanged
54	ISHARES INC MSCI CDA ETF EWC	EWC	24,128	$885.0k0.05%	0.05%	Unchanged
55	ISHARES TR CORE 1 5 YR USD ISTB	ISTB	14,033	$667.4k0.04%	0.04%	New
56	VANECK ETF TRUST ISRAEL ETF ISRA	ISRA	15,615	$546.2k0.03%	0.03%	Unchanged
57	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	14,475	$448.9k0.03%	0.03%	Unchanged

Sold out since Q3 2023

Security	Ticker	Shares held before	Value then
ISHARES TR IWD	IWD	81,471	$12.4m81.5k shares
ISHARES TR IWM	IWM	24,225	$4.3m24.2k shares
ISHARES TR ESGD	ESGD	8,441	$583.5k8.4k shares
VANGUARD SCOTTSDALE FDS VCSH	VCSH	2,304	$173.1k2.3k shares
SCHWAB STRATEGIC TR SCHO	SCHO	406	$19.4k406 shares