CAMBRIDGE ASSOCIATES LLC /MA/ /ADV

BOSTON, MA · CIK 733986 · 13F filing filed 2026-08-14

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.

$6.9bn reported value +10.6% vs Q1 2026

56positions

84.2%in top 10

3 new 17 added 20 reduced 7 sold out vs Q1 2026

Holdings, Q2 2026

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	2,754,197	$1.9bn27.30%	27.30%	Reduced -15.4k	-15,365 -0.6%
2	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	9,031,741	$1.4bn20.46%	20.46%	Added +422.8k	+422,781 4.9%
3	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	9,431,210	$672.0m9.70%	9.70%	Reduced -26.6k	-26,611 -0.3%
4	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	1,678,930	$621.3m8.97%	8.97%	Reduced -36.5k	-36,531 -2.1%
5	VANGUARD SCOTTSDALE FDS INTER TERM TREAS VGIT	VGIT	6,332,861	$373.5m5.39%	5.39%	Added +209.2k	+209,204 3.4%
6	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	5,683,131	$285.5m4.12%	4.12%	Added +235.4k	+235,450 4.3%
7	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	3,083,657	$184.1m2.66%	2.66%	Added +151.1k	+151,110 5.2%
8	VANGUARD SCOTTSDALE FDS LONG TERM TREAS VGLT	VGLT	2,732,359	$150.8m2.18%	2.18%	Added +41.9k	+41,876 1.6%
9	ISHARES TR CORE US AGGBD ET AGG	AGG	1,308,098	$129.5m1.87%	1.87%	Added +332.2k	+332,211 34.0%
10	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	1,835,215	$106.8m1.54%	1.54%	Added +161.2k	+161,248 9.6%
11	ISHARES TR CORE S&P500 ETF IVV	IVV	126,494	$94.7m1.37%	1.37%	Reduced -29.5k	-29,547 -18.9%
12	ISHARES TR CORE MSCI EAFE IEFA	IEFA	909,003	$87.8m1.27%	1.27%	Added +26.5k	+26,464 3.0%
13	ISHARES INC CORE MSCI EMKT IEMG	IEMG	850,353	$70.4m1.02%	1.02%	Reduced -113.1k	-113,051 -11.7%
14	AMERICAN CENTY ETF TR AVANTIS US SMALL AVSC	AVSC	954,982	$70.0m1.01%	1.01%	Added +32.2k	+32,247 3.5%
15	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	767,510	$56.3m0.81%	0.81%	Added +54.3k	+54,310 7.6%
16	VANGUARD SCOTTSDALE FDS VNG RUS1000VAL VONV	VONV	509,576	$54.2m0.78%	0.78%	Reduced -2.4k	-2,433 -0.5%
17	ISHARES GOLD TR ISHARES NEW IAU	IAU	707,800	$53.4m0.77%	0.77%	Reduced -32.8k	-32,791 -4.4%
18	ISHARES TR RUS 1000 ETF IWB	IWB	124,298	$50.9m0.73%	0.73%	Unchanged
19	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	540,084	$46.5m0.67%	0.67%	Added +3.9k	+3,930 0.7%
20	ISHARES TR MSCI ACWI ETF ACWI	ACWI	222,227	$34.9m0.50%	0.50%	Reduced -52.5k	-52,479 -19.1%
21	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	146,581	$34.7m0.50%	0.50%	Reduced -61.7k	-61,725 -29.6%
22	ISHARES TR CORE MSCI INTL IDEV	IDEV	388,432	$34.6m0.50%	0.50%	Added +147.7k	+147,718 61.4%
23	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	153,029	$33.6m0.48%	0.48%	Unchanged
24	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	378,196	$29.5m0.43%	0.43%	Added +191.6k	+191,572 102.7%
25	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	201,440	$25.7m0.37%	0.37%	Reduced -6.8k	-6,834 -3.3%
26	ISHARES TR 0-3 MNTH TREASRY SGOV	SGOV	244,364	$24.6m0.36%	0.36%	Reduced -198.8k	-198,756 -44.9%
27	VANGUARD WORLD FD ENERGY ETF VDE	VDE	161,826	$24.3m0.35%	0.35%	Unchanged
28	VANECK ETF TRUST BDC INCOME ETF BIZD	BIZD	1,907,532	$24.1m0.35%	0.35%	Reduced -517.1k	-517,096 -21.3%
29	ADVISORS INNER CIRCLE FD III GQG US EQUITY ET GQGU	GQGU	875,949	$22.2m0.32%	0.32%	Unchanged
30	DOUBLELINE ETF TRUST MORTGAGE ETF DMBS	DMBS	441,639	$21.7m0.31%	0.31%	Added +32.8k	+32,779 8.0%
31	ISHARES TR TIPS BD ETF TIP	TIP	184,819	$20.2m0.29%	0.29%	Reduced -70.8k	-70,850 -27.7%
32	EA SERIES TRUST JLENS 500 JEWISH TOV	TOV	626,403	$19.7m0.28%	0.28%	Unchanged
33	ISHARES TR 7-10 YR TRSY BD IEF	IEF	202,783	$19.2m0.28%	0.28%	Added +794	+794 0.4%
34	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	23,071	$17.2m0.25%	0.25%	Added +529	+529 2.4%
35	SPDR INDEX SHS FDS GLB NAT RESRCE GNR	GNR	229,803	$15.5m0.22%	0.22%	Reduced -78.3k	-78,334 -25.4%
36	VANGUARD WORLD FD ESG US STK ETF ESGV	ESGV	101,457	$13.4m0.19%	0.19%	Reduced -111.3k	-111,272 -52.3%
37	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	61,010	$13.0m0.19%	0.19%	Added +55.6k	+55,598 1027.3%
38	VANGUARD ADMIRAL FDS INC SMLLCP 600 IDX VIOO	VIOO	85,513	$11.8m0.17%	0.17%	Reduced -2.4k	-2,443 -2.8%
39	ISHARES TR 0-5 YR TIPS ETF STIP	STIP	98,340	$10.0m0.14%	0.14%	Unchanged
40	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	94,533	$9.1m0.13%	0.13%	Unchanged
41	ISHARES TR RUSSELL 2000 ETF IWM	IWM	26,269	$7.9m0.11%	0.11%	Unchanged
42	ISHARES TR CONSER ALLOC ETF AOK	AOK	170,773	$7.1m0.10%	0.10%	New
43	ISHARES TR RUSSELL 3000 ETF IWV	IWV	14,597	$6.2m0.09%	0.09%	Unchanged
44	GMO ETF TRUST GMO US QUALITY E QLTY	QLTY	148,114	$6.2m0.09%	0.09%	New
45	VANGUARD SCOTTSDALE FDS VNG RUS1000IDX VONE	VONE	13,818	$4.7m0.07%	0.07%	Unchanged
46	KARMAN HLDGS INC COMMON STOCK KRMN	KRMN	68,493	$3.4m0.05%	0.05%	Reduced -180.5k	-180,518 -72.5%
47	TIDAL ETF TR ADASINA SOCIAL JSTC	JSTC	148,918	$3.4m0.05%	0.05%	Reduced -94.0k	-94,027 -38.7%
48	VANGUARD MUN BD FDS TAX EXEMPT BD VTEB	VTEB	57,113	$2.9m0.04%	0.04%	Reduced -23.6k	-23,617 -29.2%
49	2023 ETF SERIES TRUST EAGLE CAPITAL SE EAGL	EAGL	84,697	$2.7m0.04%	0.04%	New
50	VANGUARD WORLD FD ESG INTL STK ETF VSGX	VSGX	31,570	$2.6m0.04%	0.04%	Reduced -2.5k	-2,517 -7.4%
51	VANGUARD INDEX FDS MID CAP ETF VO	VO	19,968	$1.6m0.02%	0.02%	Unchanged
52	ISHARES TR RUS MID CAP ETF IWR	IWR	12,198	$1.3m0.02%	0.02%	Unchanged
53	VANECK ETF TRUST ISRAEL ETF ISRA	ISRA	15,615	$1.0m0.01%	0.01%	Unchanged
54	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	29,497	$982.0k0.01%	0.01%	Unchanged
55	ISHARES TR CORE 1 5 YR USD ISTB	ISTB	14,033	$677.1k0.01%	0.01%	Unchanged
56	ISHARES INC MSCI CDA ETF EWC	EWC	9,471	$545.9k0.01%	0.01%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
VANGUARD STAR FDS VXUS	VXUS	291,594	$22.5m291.6k shares
VANGUARD INDEX FDS VTV	VTV	81,110	$15.9m81.1k shares
ISHARES TR ESGD	ESGD	63,109	$6.0m63.1k shares
ISHARES TR IJH	IJH	26,049	$1.8m26.0k shares
ISHARES INC ESGE	ESGE	34,980	$1.6m35.0k shares
INVESCO EXCH TRADED FD TR II BKLN	BKLN	72,046	$1.5m72.0k shares
GLOBAL X FDS URA	URA	19,100	$925.0k19.1k shares