CAMBRIDGE ASSOCIATES LLC /MA/ /ADV

BOSTON, MA · CIK 733986 · 13F filing filed 2025-02-12

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.

$3.1bn reported value +16.9% vs Q3 2024

51positions

80.4%in top 10

2 new 16 added 14 reduced 15 sold out vs Q3 2024

Holdings, Q4 2024

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	1,904,550	$1.0bn32.85%	32.85%	Added +729.4k	+729,433 62.1%
2	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	4,608,531	$541.4m17.33%	17.33%	Added +428.3k	+428,251 10.2%
3	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	4,080,299	$197.6m6.32%	6.32%	Reduced -215.6k	-215,589 -5.0%
4	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	559,221	$162.1m5.19%	5.19%	Added +266.8k	+266,844 91.3%
5	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	2,796,358	$133.7m4.28%	4.28%	Reduced -207.6k	-207,617 -6.9%
6	VANGUARD SCOTTSDALE FDS LONG TERM TREAS VGLT	VGLT	1,755,179	$97.1m3.11%	3.11%	Added +190.9k	+190,883 12.2%
7	VANGUARD SCOTTSDALE FDS INTER TERM TREAS VGIT	VGIT	1,622,535	$94.1m3.01%	3.01%	Added +954.2k	+954,151 142.8%
8	ISHARES TR CORE S&P500 ETF IVV	IVV	149,103	$87.8m2.81%	2.81%	Reduced -20.6k	-20,588 -12.1%
9	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	1,982,903	$87.3m2.80%	2.80%	Added +490.6k	+490,566 32.9%
10	ISHARES TR CORE US AGGBD ET AGG	AGG	877,912	$85.1m2.72%	2.72%	Added +92.8k	+92,811 11.8%
11	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	155,193	$63.7m2.04%	2.04%	Unchanged
12	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	281,659	$50.2m1.61%	1.61%	Unchanged
13	ISHARES TR CORE MSCI EAFE IEFA	IEFA	686,679	$48.3m1.54%	1.54%	Added +38.1k	+38,078 5.9%
14	VANGUARD SCOTTSDALE FDS VNG RUS1000VAL VONV	VONV	591,430	$48.1m1.54%	1.54%	Reduced -47.7k	-47,699 -7.5%
15	ISHARES TR RUS 1000 ETF IWB	IWB	143,760	$46.3m1.48%	1.48%	Unchanged
16	ISHARES TR MSCI ACWI ETF ACWI	ACWI	298,797	$35.1m1.12%	1.12%	Reduced -74.3k	-74,300 -19.9%
17	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	559,659	$32.6m1.04%	1.04%	Added +77.1k	+77,058 16.0%
18	ISHARES INC CORE MSCI EMKT IEMG	IEMG	582,745	$30.4m0.97%	0.97%	Reduced -96.9k	-96,865 -14.2%
19	ISHARES GOLD TR ISHARES NEW IAU	IAU	521,274	$25.8m0.83%	0.83%	Reduced -66.6k	-66,559 -11.3%
20	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	214,515	$22.2m0.71%	0.71%	Unchanged
21	ISHARES TR US TREAS BD ETF GOVT	GOVT	908,045	$20.9m0.67%	0.67%	Added +122.7k	+122,725 15.6%
22	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	317,707	$18.7m0.60%	0.60%	New
23	ISHARES TR 7-10 YR TRSY BD IEF	IEF	192,708	$17.8m0.57%	0.57%	Reduced -109.8k	-109,827 -36.3%
24	SPDR INDEX SHS FDS GLB NAT RESRCE GNR	GNR	313,427	$15.6m0.50%	0.50%	Added +76.9k	+76,940 32.5%
25	VANGUARD INDEX FDS VALUE ETF VTV	VTV	81,110	$13.7m0.44%	0.44%	Unchanged
26	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	23,137	$13.6m0.43%	0.43%	Reduced -47.6k	-47,605 -67.3%
27	VANGUARD WORLD FD ENERGY ETF VDE	VDE	103,901	$12.6m0.40%	0.40%	Added +52.7k	+52,713 103.0%
28	ISHARES TR MSCI EAFE ETF EFA	EFA	127,639	$9.7m0.31%	0.31%	Unchanged
29	ISHARES TR TIPS BD ETF TIP	TIP	90,004	$9.6m0.31%	0.31%	Added +2.3k	+2,329 2.7%
30	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	124,963	$9.0m0.29%	0.29%	Added +6.9k	+6,894 5.8%
31	VANGUARD WORLD FD ESG US STK ETF ESGV	ESGV	84,892	$8.9m0.29%	0.29%	Added +70.9k	+70,865 505.2%
32	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	89,072	$6.9m0.22%	0.22%	Unchanged
33	ISHARES TR MSCI USA MIN VOL USMV	USMV	65,881	$5.8m0.19%	0.19%	Unchanged
34	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	62,903	$5.6m0.18%	0.18%	Reduced -23.0k	-23,029 -26.8%
35	VANGUARD SCOTTSDALE FDS VNG RUS1000IDX VONE	VONE	20,387	$5.4m0.17%	0.17%	Unchanged
36	VANGUARD WORLD FD ESG INTL STK ETF VSGX	VSGX	92,466	$5.2m0.17%	0.17%	Added +19.0k	+18,977 25.8%
37	ISHARES TR RUSSELL 3000 ETF IWV	IWV	14,063	$4.7m0.15%	0.15%	Unchanged
38	SPDR GOLD TR GOLD SHS GLD	GLD	15,984	$3.9m0.12%	0.12%	Unchanged
39	VANGUARD ADMIRAL FDS INC SMLLCP 600 IDX VIOO	VIOO	35,894	$3.8m0.12%	0.12%	Reduced -16.3k	-16,324 -31.3%
40	VANGUARD MUN BD FDS TAX EXEMPT BD VTEB	VTEB	59,172	$3.0m0.09%	0.09%	New
41	ISHARES TR ESG AW MSCI EAFE ESGD	ESGD	31,737	$2.4m0.08%	0.08%	Reduced -38.0k	-37,954 -54.5%
42	ISHARES TR CORE S&P SCP ETF IJR	IJR	20,598	$2.4m0.08%	0.08%	Unchanged
43	ISHARES TR 0-5 YR TIPS ETF STIP	STIP	21,910	$2.2m0.07%	0.07%	Unchanged
44	SPDR SER TR PORTFLI INTRMDIT SPTI	SPTI	64,010	$1.8m0.06%	0.06%	Unchanged
45	WORLD GOLD TR SPDR GLD MINIS GLDM	GLDM	30,631	$1.6m0.05%	0.05%	Unchanged
46	ISHARES TR CORE 1 5 YR USD ISTB	ISTB	28,066	$1.3m0.04%	0.04%	Unchanged
47	ISHARES INC MSCI CDA ETF EWC	EWC	20,200	$814.1k0.03%	0.03%	Reduced -47.0k	-46,974 -69.9%
48	VANECK ETF TRUST ISRAEL ETF ISRA	ISRA	15,615	$680.1k0.02%	0.02%	Unchanged
49	AMERICAN CENTY ETF TR AVANTIS US SMALL AVSC	AVSC	10,284	$559.0k0.02%	0.02%	Unchanged
50	GLOBAL X FDS GLOBAL X URANIUM URA	URA	19,100	$511.5k0.02%	0.02%	Unchanged
51	ISHARES TR 20 YR TR BD ETF TLT	TLT	2,749	$240.1k0.01%	0.01%	Reduced -80.7k	-80,693 -96.7%

Sold out since Q3 2024

Security	Ticker	Shares held before	Value then
INVESCO QQQ TR QQQ	QQQ	21,600	$10.5m21.6k shares
ISHARES TR ICF	ICF	141,329	$9.3m141.3k shares
ISHARES INC EWJ	EWJ	119,779	$8.6m119.8k shares
SCHWAB STRATEGIC TR SCHP	SCHP	218,504	$5.9m218.5k shares
ISHARES TR USRT	USRT	80,120	$4.9m80.1k shares
VANGUARD INTL EQUITY INDEX F VGK	VGK	66,116	$4.7m66.1k shares
ISHARES TR IJH	IJH	65,691	$4.1m65.7k shares
INVESCO EXCHANGE TRADED FD T RSP	RSP	22,354	$4.0m22.4k shares
SELECT SECTOR SPDR TR XLF	XLF	50,276	$2.3m50.3k shares
SELECT SECTOR SPDR TR XLV	XLV	14,400	$2.2m14.4k shares
VANECK ETF TRUST SMH	SMH	8,615	$2.1m8.6k shares
VANECK ETF TRUST OIH	OIH	6,224	$1.8m6.2k shares
VANECK ETF TRUST GDX	GDX	43,267	$1.7m43.3k shares
ISHARES TR EUFN	EUFN	65,350	$1.6m65.3k shares
ISHARES TR EWU	EWU	39,792	$1.5m39.8k shares