CAMBRIDGE ASSOCIATES LLC /MA/ /ADV

Filed: 5/15/2025ACC: 0001062993-25-009495

📋 What this filing means

CAMBRIDGE ASSOCIATES LLC /MA/ /ADV filed this quarterly 13F‑HR report disclosing 48 equity positions with a total reported market value of $3.50B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$3.50B

Total AUM (reported)

31.03M

Total Shares

Allocation by class

S&P 500 ETF SHS$1.23B35.0%

TT WRLD ST ETF$555.39M15.9%

STRM INFPROIDX$211.93M6.1%

INTER TERM TREAS$179.77M5.1%

FTSE DEV MKT ETF$163.58M4.7%

TOTAL STK MKT$154.33M4.4%

LONG TERM TREAS$119.21M3.4%

Portfolio Concentration

Top 3$1.99B56.9%

4–10$893.72M25.5%

11–25$487.21M13.9%

Rest$127.12M3.6%

Top 3 weight

56.9%

Top 10 weight

82.5%

Voting Authority Distribution

Total shares with voting rights: 31.03M

Sole

Full voting authority

2.47M

% of voting shares8.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

28.56M

% of voting shares92.0%

Investment Discretion (by position count)

Sole48

Shared0

Other0

Dominant voting typeNone · 92.0% of voting shares

Institutional Holdings48

Rows:

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares2.38M

TypeSH

Market value$1.23B

35.00%

Sole

156.75K

Shared

0.00

None

2.23M

VANGUARD INTL EQUITY INDEX F

SOLE

TT WRLD ST ETF

Shares4.79M

TypeSH

Market value$555.39M

15.87%

Sole

359.71K

Shared

0.00

None

4.43M

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares4.25M

TypeSH

Market value$211.93M

6.05%

Sole

1.14M

Shared

0.00

None

3.10M

VANGUARD SCOTTSDALE FDS

SOLE

INTER TERM TREAS

Shares3.03M

TypeSH

Market value$179.77M

5.14%

Sole

18.30K

Shared

0.00

None

3.01M

VANGUARD TAX-MANAGED INTL FD

SOLE

FTSE DEV MKT ETF

Shares3.22M

TypeSH

Market value$163.58M

4.67%

Sole

262.07K

Shared

0.00

None

2.96M

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares561.53K

TypeSH

Market value$154.33M

4.41%

Sole

0.00

Shared

0.00

None

561.53K

VANGUARD SCOTTSDALE FDS

SOLE

LONG TERM TREAS

Shares2.07M

TypeSH

Market value$119.21M

3.41%

Sole

0.00

Shared

0.00

None

2.07M

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares2.28M

TypeSH

Market value$103.30M

2.95%

Sole

10.35K

Shared

0.00

None

2.27M

ISHARES TR

SOLE

CORE US AGGBD ET

Shares914.51K

TypeSH

Market value$90.46M

2.58%

Sole

46.49K

Shared

0.00

None

868.02K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares147.85K

TypeSH

Market value$83.08M

2.37%

Sole

0.00

Shared

0.00

None

147.85K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares343.76K

TypeSH

Market value$58.75M

1.68%

Sole

0.00

Shared

0.00

None

343.76K

ISHARES TR

SOLE

CORE MSCI EAFE

Shares598.19K

TypeSH

Market value$45.25M

1.29%

Sole

0.00

Shared

0.00

None

598.19K

ISHARES TR

SOLE

RUS 1000 ETF

Shares143.76K

TypeSH

Market value$44.10M

1.26%

Sole

0.00

Shared

0.00

None

143.76K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares784.63K

TypeSH

Market value$42.35M

1.21%

Sole

56.87K

Shared

0.00

None

727.76K

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares106.31K

TypeSH

Market value$39.42M

1.13%

Sole

28K

Shared

0.00

None

78.31K

VANGUARD SCOTTSDALE FDS

SOLE

VNG RUS1000VAL

Shares475.88K

TypeSH

Market value$39.28M

1.12%

Sole

0.00

Shared

0.00

None

475.88K

ISHARES GOLD TR

SOLE

ISHARES NEW

Shares560.63K

TypeSH

Market value$33.05M

0.94%

Sole

8.16K

Shared

0.00

None

560.63K

VANGUARD STAR FDS

SOLE

VG TL INTL STK F

Shares527.34K

TypeSH

Market value$32.75M

0.94%

Sole

0.00

Shared

0.00

None

527.34K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares474.53K

TypeSH

Market value$27.85M

0.80%

Sole

0.00

Shared

0.00

None

474.53K

ISHARES TR

SOLE

MSCI ACWI ETF

Shares238.73K

TypeSH

Market value$27.79M

0.79%

Sole

0.00

Shared

0.00

None

238.73K

VANGUARD WORLD FDS

SOLE

ENERGY ETF

Shares167.41K

TypeSH

Market value$21.71M

0.62%

Sole

0.00

Shared

0.00

None

167.41K

ISHARES TR

SOLE

US TREAS BD ETF

Shares908.04K

TypeSH

Market value$20.87M

0.60%

Sole

0.00

Shared

0.00

None

908.04K

VANGUARD SCOTTSDALE FDS

SOLE

VNG RUS1000GRW

Shares206.44K

TypeSH

Market value$19.16M

0.55%

Sole

0.00

Shared

0.00

None

206.44K

ISHARES TR

SOLE

BARCLAYS 7 10 YR

Shares192.71K

TypeSH

Market value$18.38M

0.52%

Sole

12.88K

Shared

0.00

None

179.83K

SPDR INDEX SHS FDS

SOLE

GLB NAT RESRCE

Shares309.99K

TypeSH

Market value$16.51M

0.47%

Sole

150.34K

Shared

0.00

None

159.65K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	2.38M	SH	$1.23B 35.00%	156.75K	2.23M
VANGUARD INTL EQUITY INDEX FSOLE	TT WRLD ST ETF	4.79M	SH	$555.39M 15.87%	359.71K	4.43M
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	4.25M	SH	$211.93M 6.05%	1.14M	3.10M
VANGUARD SCOTTSDALE FDSSOLE	INTER TERM TREAS	3.03M	SH	$179.77M 5.14%	18.30K	3.01M
VANGUARD TAX-MANAGED INTL FDSOLE	FTSE DEV MKT ETF	3.22M	SH	$163.58M 4.67%	262.07K	2.96M
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	561.53K	SH	$154.33M 4.41%	0.00	561.53K
VANGUARD SCOTTSDALE FDSSOLE	LONG TERM TREAS	2.07M	SH	$119.21M 3.41%	0.00	2.07M
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	2.28M	SH	$103.30M 2.95%	10.35K	2.27M
ISHARES TRSOLE	CORE US AGGBD ET	914.51K	SH	$90.46M 2.58%	46.49K	868.02K
ISHARES TRSOLE	CORE S&P500 ETF	147.85K	SH	$83.08M 2.37%	0.00	147.85K
ISHARES TRSOLE	MSCI USA QLT FCT	343.76K	SH	$58.75M 1.68%	0.00	343.76K
ISHARES TRSOLE	CORE MSCI EAFE	598.19K	SH	$45.25M 1.29%	0.00	598.19K
ISHARES TRSOLE	RUS 1000 ETF	143.76K	SH	$44.10M 1.26%	0.00	143.76K
ISHARES INCSOLE	CORE MSCI EMKT	784.63K	SH	$42.35M 1.21%	56.87K	727.76K
VANGUARD INDEX FDSSOLE	GROWTH ETF	106.31K	SH	$39.42M 1.13%	28K	78.31K
VANGUARD SCOTTSDALE FDSSOLE	VNG RUS1000VAL	475.88K	SH	$39.28M 1.12%	0.00	475.88K
ISHARES GOLD TRSOLE	ISHARES NEW	560.63K	SH	$33.05M 0.94%	8.16K	560.63K
VANGUARD STAR FDSSOLE	VG TL INTL STK F	527.34K	SH	$32.75M 0.94%	0.00	527.34K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	474.53K	SH	$27.85M 0.80%	0.00	474.53K
ISHARES TRSOLE	MSCI ACWI ETF	238.73K	SH	$27.79M 0.79%	0.00	238.73K
VANGUARD WORLD FDSSOLE	ENERGY ETF	167.41K	SH	$21.71M 0.62%	0.00	167.41K
ISHARES TRSOLE	US TREAS BD ETF	908.04K	SH	$20.87M 0.60%	0.00	908.04K
VANGUARD SCOTTSDALE FDSSOLE	VNG RUS1000GRW	206.44K	SH	$19.16M 0.55%	0.00	206.44K
ISHARES TRSOLE	BARCLAYS 7 10 YR	192.71K	SH	$18.38M 0.52%	12.88K	179.83K
SPDR INDEX SHS FDSSOLE	GLB NAT RESRCE	309.99K	SH	$16.51M 0.47%	150.34K	159.65K

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