CAMBRIDGE ASSOCIATES LLC /MA/ /ADV

Filed: 8/14/2025ACC: 0001062993-25-014452

📋 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 $4.58B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$4.58B

Total AUM (reported)

40.58M

Total Shares

Allocation by class

S&P 500 ETF SHS$1.34B29.4%

TT WRLD ST ETF$714.06M15.6%

CORE US AGGBD ET$341.28M7.5%

MSCI EAFE ETF$325.06M7.1%

STRM INFPROIDX$241.83M5.3%

INTER TERM TREAS$224.58M4.9%

TOTAL STK MKT$201.58M4.4%

Portfolio Concentration

Top 3$2.40B52.4%

4–10$1.44B31.4%

11–25$618.53M13.5%

Rest$123.67M2.7%

Top 3 weight

52.4%

Top 10 weight

83.8%

Voting Authority Distribution

Total shares with voting rights: 40.58M

Sole

Full voting authority

2.79M

% of voting shares6.9%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

37.79M

% of voting shares93.1%

Investment Discretion (by position count)

Sole48

Shared0

Other0

Dominant voting typeNone · 93.1% of voting shares

Institutional Holdings48

Rows:

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares2.36M

TypeSH

Market value$1.34B

29.35%

Sole

158.21K

Shared

0.00

None

2.21M

VANGUARD INTL EQUITY INDEX F

SOLE

TT WRLD ST ETF

Shares5.55M

TypeSH

Market value$714.06M

15.60%

Sole

462.21K

Shared

0.00

None

5.09M

ISHARES TR

SOLE

CORE US AGGBD ET

Shares3.44M

TypeSH

Market value$341.28M

7.46%

Sole

57.03K

Shared

0.00

None

3.38M

ISHARES TR

SOLE

MSCI EAFE ETF

Shares3.64M

TypeSH

Market value$325.06M

7.10%

Sole

127.64K

Shared

0.00

None

3.51M

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares4.81M

TypeSH

Market value$241.83M

5.28%

Sole

1.21M

Shared

0.00

None

3.60M

VANGUARD SCOTTSDALE FDS

SOLE

INTER TERM TREAS

Shares3.76M

TypeSH

Market value$224.58M

4.91%

Sole

35.28K

Shared

0.00

None

3.72M

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares664.32K

TypeSH

Market value$201.58M

4.41%

Sole

0.00

Shared

0.00

None

664.32K

VANGUARD TAX-MANAGED INTL FD

SOLE

FTSE DEV MKT ETF

Shares3.36M

TypeSH

Market value$191.92M

4.19%

Sole

424.38K

Shared

0.00

None

2.94M

VANGUARD SCOTTSDALE FDS

SOLE

LONG TERM TREAS

Shares2.64M

TypeSH

Market value$136.51M

2.98%

Sole

0.00

Shared

0.00

None

2.64M

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares2.30M

TypeSH

Market value$113.84M

2.49%

Sole

10.35K

Shared

0.00

None

2.29M

ISHARES TR

SOLE

CORE S&P500 ETF

Shares127.50K

TypeSH

Market value$79.17M

1.73%

Sole

0.00

Shared

0.00

None

127.50K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares319.39K

TypeSH

Market value$58.39M

1.28%

Sole

0.00

Shared

0.00

None

319.39K

ISHARES GOLD TR

SOLE

ISHARES NEW

Shares854.83K

TypeSH

Market value$53.12M

1.16%

Sole

0.00

Shared

0.00

None

854.83K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares867.51K

TypeSH

Market value$50.34M

1.10%

Sole

0.00

Shared

0.00

None

867.51K

ISHARES TR

SOLE

RUS 1000 ETF

Shares143.76K

TypeSH

Market value$48.82M

1.07%

Sole

0.00

Shared

0.00

None

143.76K

ISHARES TR

SOLE

CORE MSCI EAFE

Shares558.98K

TypeSH

Market value$46.66M

1.02%

Sole

0.00

Shared

0.00

None

558.98K

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares106.31K

TypeSH

Market value$46.61M

1.02%

Sole

28K

Shared

0.00

None

78.31K

VANGUARD SCOTTSDALE FDS

SOLE

VNG RUS1000VAL

Shares519.24K

TypeSH

Market value$44.24M

0.97%

Sole

0.00

Shared

0.00

None

519.24K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares652.03K

TypeSH

Market value$39.14M

0.86%

Sole

38.16K

Shared

0.00

None

613.87K

ISHARES TR

SOLE

MSCI ACWI ETF

Shares232.95K

TypeSH

Market value$29.99M

0.66%

Sole

0.00

Shared

0.00

None

232.95K

ISHARES TR

SOLE

BARCLAYS 7 10 YR

Shares312.96K

TypeSH

Market value$29.97M

0.65%

Sole

0.00

Shared

0.00

None

312.96K

VANGUARD BD INDEX FDS

SOLE

TOTAL BND MRKT

Shares391.62K

TypeSH

Market value$28.83M

0.63%

Sole

0.00

Shared

0.00

None

391.62K

VANGUARD SCOTTSDALE FDS

SOLE

VNG RUS1000GRW

Shares206.44K

TypeSH

Market value$22.54M

0.49%

Sole

0.00

Shared

0.00

None

206.44K

VANGUARD WORLD FDS

SOLE

ENERGY ETF

Shares184.10K

TypeSH

Market value$21.93M

0.48%

Sole

0.00

Shared

0.00

None

184.10K

VANGUARD STAR FDS

SOLE

VG TL INTL STK F

Shares271.72K

TypeSH

Market value$18.77M

0.41%

Sole

0.00

Shared

0.00

None

271.72K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	2.36M	SH	$1.34B 29.35%	158.21K	2.21M
VANGUARD INTL EQUITY INDEX FSOLE	TT WRLD ST ETF	5.55M	SH	$714.06M 15.60%	462.21K	5.09M
ISHARES TRSOLE	CORE US AGGBD ET	3.44M	SH	$341.28M 7.46%	57.03K	3.38M
ISHARES TRSOLE	MSCI EAFE ETF	3.64M	SH	$325.06M 7.10%	127.64K	3.51M
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	4.81M	SH	$241.83M 5.28%	1.21M	3.60M
VANGUARD SCOTTSDALE FDSSOLE	INTER TERM TREAS	3.76M	SH	$224.58M 4.91%	35.28K	3.72M
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	664.32K	SH	$201.58M 4.41%	0.00	664.32K
VANGUARD TAX-MANAGED INTL FDSOLE	FTSE DEV MKT ETF	3.36M	SH	$191.92M 4.19%	424.38K	2.94M
VANGUARD SCOTTSDALE FDSSOLE	LONG TERM TREAS	2.64M	SH	$136.51M 2.98%	0.00	2.64M
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	2.30M	SH	$113.84M 2.49%	10.35K	2.29M
ISHARES TRSOLE	CORE S&P500 ETF	127.50K	SH	$79.17M 1.73%	0.00	127.50K
ISHARES TRSOLE	MSCI USA QLT FCT	319.39K	SH	$58.39M 1.28%	0.00	319.39K
ISHARES GOLD TRSOLE	ISHARES NEW	854.83K	SH	$53.12M 1.16%	0.00	854.83K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	867.51K	SH	$50.34M 1.10%	0.00	867.51K
ISHARES TRSOLE	RUS 1000 ETF	143.76K	SH	$48.82M 1.07%	0.00	143.76K
ISHARES TRSOLE	CORE MSCI EAFE	558.98K	SH	$46.66M 1.02%	0.00	558.98K
VANGUARD INDEX FDSSOLE	GROWTH ETF	106.31K	SH	$46.61M 1.02%	28K	78.31K
VANGUARD SCOTTSDALE FDSSOLE	VNG RUS1000VAL	519.24K	SH	$44.24M 0.97%	0.00	519.24K
ISHARES INCSOLE	CORE MSCI EMKT	652.03K	SH	$39.14M 0.86%	38.16K	613.87K
ISHARES TRSOLE	MSCI ACWI ETF	232.95K	SH	$29.99M 0.66%	0.00	232.95K
ISHARES TRSOLE	BARCLAYS 7 10 YR	312.96K	SH	$29.97M 0.65%	0.00	312.96K
VANGUARD BD INDEX FDSSOLE	TOTAL BND MRKT	391.62K	SH	$28.83M 0.63%	0.00	391.62K
VANGUARD SCOTTSDALE FDSSOLE	VNG RUS1000GRW	206.44K	SH	$22.54M 0.49%	0.00	206.44K
VANGUARD WORLD FDSSOLE	ENERGY ETF	184.10K	SH	$21.93M 0.48%	0.00	184.10K
VANGUARD STAR FDSSOLE	VG TL INTL STK F	271.72K	SH	$18.77M 0.41%	0.00	271.72K

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