CAMBRIDGE ASSOCIATES LLC /MA/ /ADV

Filed: 11/13/2025ACC: 0001062993-25-016756

📋 What this filing means

CAMBRIDGE ASSOCIATES LLC /MA/ /ADV filed this quarterly 13F‑HR report disclosing 53 equity positions with a total reported market value of $5.46B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$5.46B

Total AUM (reported)

48.41M

Total Shares

Allocation by class

S&P 500 ETF SHS$1.53B27.9%

TT WRLD ST ETF$764.46M14.0%

TOTAL STK MKT$556.19M10.2%

FTSE DEV MKT ETF$508.72M9.3%

INTER TERM TREAS$329.88M6.0%

STRM INFPROIDX$250.79M4.6%

CORE US AGGBD ET$189.94M3.5%

Portfolio Concentration

Top 3$2.85B52.1%

4–10$1.68B30.7%

11–25$720.80M13.2%

Rest$217.76M4.0%

Top 3 weight

52.1%

Top 10 weight

82.8%

Voting Authority Distribution

Total shares with voting rights: 48.41M

Sole

Full voting authority

2.74M

% of voting shares5.7%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

45.67M

% of voting shares94.3%

Investment Discretion (by position count)

Sole53

Shared0

Other0

Dominant voting typeNone · 94.3% of voting shares

Institutional Holdings53

Rows:

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares2.49M

TypeSH

Market value$1.53B

27.93%

Sole

156.65K

Shared

0.00

None

2.33M

VANGUARD INTL EQUITY INDEX F

SOLE

TT WRLD ST ETF

Shares5.55M

TypeSH

Market value$764.46M

14.00%

Sole

410.96K

Shared

0.00

None

5.14M

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares1.69M

TypeSH

Market value$556.19M

10.18%

Sole

0.00

Shared

0.00

None

1.69M

VANGUARD TAX-MANAGED INTL FD

SOLE

FTSE DEV MKT ETF

Shares8.49M

TypeSH

Market value$508.72M

9.31%

Sole

366.03K

Shared

0.00

None

8.12M

VANGUARD SCOTTSDALE FDS

SOLE

INTER TERM TREAS

Shares5.50M

TypeSH

Market value$329.88M

6.04%

Sole

35.28K

Shared

0.00

None

5.46M

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares4.96M

TypeSH

Market value$250.79M

4.59%

Sole

1.21M

Shared

0.00

None

3.74M

ISHARES TR

SOLE

CORE US AGGBD ET

Shares1.89M

TypeSH

Market value$189.94M

3.48%

Sole

82.33K

Shared

0.00

None

1.81M

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares3.20M

TypeSH

Market value$173.52M

3.18%

Sole

0.00

Shared

0.00

None

3.20M

VANGUARD SCOTTSDALE FDS

SOLE

LONG TERM TREAS

Shares2.03M

TypeSH

Market value$127.59M

2.34%

Sole

0.00

Shared

0.00

None

2.03M

ISHARES TR

SOLE

CORE S&P500 ETF

Shares144.20K

TypeSH

Market value$96.51M

1.77%

Sole

0.00

Shared

0.00

None

144.20K

ISHARES TR

SOLE

0-3 MNTH TREASRY

Shares782.64K

TypeSH

Market value$78.81M

1.44%

Sole

0.00

Shared

0.00

None

782.64K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares1.26M

TypeSH

Market value$74.23M

1.36%

Sole

0.00

Shared

0.00

None

1.26M

ISHARES GOLD TR

SOLE

ISHARES NEW

Shares873.24K

TypeSH

Market value$63.55M

1.16%

Sole

0.00

Shared

0.00

None

873.24K

ISHARES TR

SOLE

CORE MSCI EAFE

Shares702.41K

TypeSH

Market value$61.33M

1.12%

Sole

0.00

Shared

0.00

None

702.41K

ISHARES TR

SOLE

RUS 1000 ETF

Shares146.32K

TypeSH

Market value$53.48M

0.98%

Sole

0.00

Shared

0.00

None

146.32K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares763.31K

TypeSH

Market value$50.32M

0.92%

Sole

38.16K

Shared

0.00

None

725.15K

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares103.03K

TypeSH

Market value$49.42M

0.90%

Sole

23.84K

Shared

0.00

None

79.19K

AMERICAN CENTY ETF TR

SOLE

AVANTIS US SMALL

Shares837.62K

TypeSH

Market value$47.95M

0.88%

Sole

0.00

Shared

0.00

None

837.62K

VANGUARD SCOTTSDALE FDS

SOLE

VNG RUS1000VAL

Shares530.12K

TypeSH

Market value$47.38M

0.87%

Sole

0.00

Shared

0.00

None

530.12K

VANGUARD BD INDEX FDS

SOLE

TOTAL BND MRKT

Shares629.07K

TypeSH

Market value$46.78M

0.86%

Sole

0.00

Shared

0.00

None

629.07K

ISHARES TR

SOLE

MSCI ACWI ETF

Shares260.48K

TypeSH

Market value$36.01M

0.66%

Sole

19.23K

Shared

0.00

None

241.24K

EA SERIES TRUST

SOLE

JLENS 500 JEWISH

Shares1.08M

TypeSH

Market value$30.21M

0.55%

Sole

0.00

Shared

0.00

None

1.08M

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares151.55K

TypeSH

Market value$29.48M

0.54%

Sole

0.00

Shared

0.00

None

151.55K

VANGUARD WORLD FDS

SOLE

ENERGY ETF

Shares211.15K

TypeSH

Market value$26.58M

0.49%

Sole

0.00

Shared

0.00

None

211.15K

VANGUARD SCOTTSDALE FDS

SOLE

VNG RUS1000GRW

Shares209.91K

TypeSH

Market value$25.29M

0.46%

Sole

0.00

Shared

0.00

None

209.91K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	2.49M	SH	$1.53B 27.93%	156.65K	2.33M
VANGUARD INTL EQUITY INDEX FSOLE	TT WRLD ST ETF	5.55M	SH	$764.46M 14.00%	410.96K	5.14M
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	1.69M	SH	$556.19M 10.18%	0.00	1.69M
VANGUARD TAX-MANAGED INTL FDSOLE	FTSE DEV MKT ETF	8.49M	SH	$508.72M 9.31%	366.03K	8.12M
VANGUARD SCOTTSDALE FDSSOLE	INTER TERM TREAS	5.50M	SH	$329.88M 6.04%	35.28K	5.46M
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	4.96M	SH	$250.79M 4.59%	1.21M	3.74M
ISHARES TRSOLE	CORE US AGGBD ET	1.89M	SH	$189.94M 3.48%	82.33K	1.81M
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	3.20M	SH	$173.52M 3.18%	0.00	3.20M
VANGUARD SCOTTSDALE FDSSOLE	LONG TERM TREAS	2.03M	SH	$127.59M 2.34%	0.00	2.03M
ISHARES TRSOLE	CORE S&P500 ETF	144.20K	SH	$96.51M 1.77%	0.00	144.20K
ISHARES TRSOLE	0-3 MNTH TREASRY	782.64K	SH	$78.81M 1.44%	0.00	782.64K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	1.26M	SH	$74.23M 1.36%	0.00	1.26M
ISHARES GOLD TRSOLE	ISHARES NEW	873.24K	SH	$63.55M 1.16%	0.00	873.24K
ISHARES TRSOLE	CORE MSCI EAFE	702.41K	SH	$61.33M 1.12%	0.00	702.41K
ISHARES TRSOLE	RUS 1000 ETF	146.32K	SH	$53.48M 0.98%	0.00	146.32K
ISHARES INCSOLE	CORE MSCI EMKT	763.31K	SH	$50.32M 0.92%	38.16K	725.15K
VANGUARD INDEX FDSSOLE	GROWTH ETF	103.03K	SH	$49.42M 0.90%	23.84K	79.19K
AMERICAN CENTY ETF TRSOLE	AVANTIS US SMALL	837.62K	SH	$47.95M 0.88%	0.00	837.62K
VANGUARD SCOTTSDALE FDSSOLE	VNG RUS1000VAL	530.12K	SH	$47.38M 0.87%	0.00	530.12K
VANGUARD BD INDEX FDSSOLE	TOTAL BND MRKT	629.07K	SH	$46.78M 0.86%	0.00	629.07K
ISHARES TRSOLE	MSCI ACWI ETF	260.48K	SH	$36.01M 0.66%	19.23K	241.24K
EA SERIES TRUSTSOLE	JLENS 500 JEWISH	1.08M	SH	$30.21M 0.55%	0.00	1.08M
ISHARES TRSOLE	MSCI USA QLT FCT	151.55K	SH	$29.48M 0.54%	0.00	151.55K
VANGUARD WORLD FDSSOLE	ENERGY ETF	211.15K	SH	$26.58M 0.49%	0.00	211.15K
VANGUARD SCOTTSDALE FDSSOLE	VNG RUS1000GRW	209.91K	SH	$25.29M 0.46%	0.00	209.91K

Page 1 of 3