CAMBRIDGE ASSOCIATES LLC /MA/ /ADV

Filed: 2/17/2026ACC: 0001062993-26-000953

📋 What this filing means

CAMBRIDGE ASSOCIATES LLC /MA/ /ADV filed this quarterly 13F‑HR report disclosing 61 equity positions with a total reported market value of $6.49B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$6.49B

Total AUM (reported)

57.16M

Total Shares

Allocation by class

S&P 500 ETF SHS$1.82B28.0%

TT WRLD ST ETF$1.23B18.9%

FTSE DEV MKT ETF$605.61M9.3%

TOTAL STK MKT$585.34M9.0%

STRM INFPROIDX$341.68M5.3%

INTER TERM TREAS$336.36M5.2%

FTSE EMR MKT ETF$181.19M2.8%

Portfolio Concentration

Top 3$3.65B56.3%

4–10$1.77B27.3%

11–25$727.19M11.2%

Rest$342.32M5.3%

Top 3 weight

56.3%

Top 10 weight

83.5%

Voting Authority Distribution

Total shares with voting rights: 57.16M

Sole

Full voting authority

3.20M

% of voting shares5.6%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

53.96M

% of voting shares94.4%

Investment Discretion (by position count)

Sole61

Shared0

Other0

Dominant voting typeNone · 94.4% of voting shares

Institutional Holdings61

Rows:

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares2.90M

TypeSH

Market value$1.82B

28.00%

Sole

152.58K

Shared

0.00

None

2.75M

VANGUARD INTL EQUITY INDEX F

SOLE

TT WRLD ST ETF

Shares8.71M

TypeSH

Market value$1.23B

18.92%

Sole

608.80K

Shared

0.00

None

8.10M

VANGUARD TAX-MANAGED INTL FD

SOLE

FTSE DEV MKT ETF

Shares9.69M

TypeSH

Market value$605.61M

9.33%

Sole

405.41K

Shared

0.00

None

9.29M

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares1.75M

TypeSH

Market value$585.34M

9.02%

Sole

0.00

Shared

0.00

None

1.75M

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares6.91M

TypeSH

Market value$341.68M

5.26%

Sole

1.26M

Shared

0.00

None

5.65M

VANGUARD SCOTTSDALE FDS

SOLE

INTER TERM TREAS

Shares5.61M

TypeSH

Market value$336.36M

5.18%

Sole

35.28K

Shared

0.00

None

5.58M

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares3.37M

TypeSH

Market value$181.19M

2.79%

Sole

37.08K

Shared

0.00

None

3.33M

VANGUARD SCOTTSDALE FDS

SOLE

LONG TERM TREAS

Shares2.51M

TypeSH

Market value$140.10M

2.16%

Sole

0.00

Shared

0.00

None

2.51M

ISHARES TR

SOLE

CORE US AGGBD ET

Shares1.04M

TypeSH

Market value$103.62M

1.60%

Sole

82.33K

Shared

0.00

None

955.07K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares120.17K

TypeSH

Market value$82.31M

1.27%

Sole

0.00

Shared

0.00

None

120.17K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares1.20M

TypeSH

Market value$70.60M

1.09%

Sole

0.00

Shared

0.00

None

1.20M

ISHARES TR

SOLE

CORE MSCI EAFE

Shares777.32K

TypeSH

Market value$69.54M

1.07%

Sole

0.00

Shared

0.00

None

777.32K

ISHARES GOLD TR

SOLE

ISHARES NEW

Shares750.80K

TypeSH

Market value$60.94M

0.94%

Sole

0.00

Shared

0.00

None

750.80K

ISHARES TR

SOLE

0-3 MNTH TREASRY

Shares564K

TypeSH

Market value$56.61M

0.87%

Sole

0.00

Shared

0.00

None

564K

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares113.20K

TypeSH

Market value$55.22M

0.85%

Sole

23.84K

Shared

0.00

None

89.36K

AMERICAN CENTY ETF TR

SOLE

AVANTIS US SMALL

Shares922.74K

TypeSH

Market value$54.20M

0.83%

Sole

0.00

Shared

0.00

None

922.74K

VANGUARD BD INDEX FDS

SOLE

TOTAL BND MRKT

Shares716.49K

TypeSH

Market value$53.07M

0.82%

Sole

0.00

Shared

0.00

None

716.49K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares786.72K

TypeSH

Market value$52.88M

0.81%

Sole

38.16K

Shared

0.00

None

748.56K

VANGUARD SCOTTSDALE FDS

SOLE

VNG RUS1000VAL

Shares526.32K

TypeSH

Market value$48.58M

0.75%

Sole

0.00

Shared

0.00

None

526.32K

ISHARES TR

SOLE

RUS 1000 ETF

Shares124.30K

TypeSH

Market value$46.42M

0.72%

Sole

0.00

Shared

0.00

None

124.30K

ISHARES TR

SOLE

MSCI ACWI ETF

Shares286.78K

TypeSH

Market value$40.58M

0.63%

Sole

19.23K

Shared

0.00

None

267.54K

SPDR INDEX SHS FDS

SOLE

GLB NAT RESRCE

Shares495.84K

TypeSH

Market value$30.81M

0.47%

Sole

168.10K

Shared

0.00

None

327.75K

KARMAN HLDGS INC

SOLE

COMMON STOCK

Shares420.24K

TypeSH

Market value$30.75M

0.47%

Sole

171.23K

Shared

0.00

None

249.01K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares153.03K

TypeSH

Market value$30.39M

0.47%

Sole

0.00

Shared

0.00

None

153.03K

VANGUARD WORLD FDS

SOLE

ENERGY ETF

Shares211.15K

TypeSH

Market value$26.59M

0.41%

Sole

0.00

Shared

0.00

None

211.15K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	2.90M	SH	$1.82B 28.00%	152.58K	2.75M
VANGUARD INTL EQUITY INDEX FSOLE	TT WRLD ST ETF	8.71M	SH	$1.23B 18.92%	608.80K	8.10M
VANGUARD TAX-MANAGED INTL FDSOLE	FTSE DEV MKT ETF	9.69M	SH	$605.61M 9.33%	405.41K	9.29M
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	1.75M	SH	$585.34M 9.02%	0.00	1.75M
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	6.91M	SH	$341.68M 5.26%	1.26M	5.65M
VANGUARD SCOTTSDALE FDSSOLE	INTER TERM TREAS	5.61M	SH	$336.36M 5.18%	35.28K	5.58M
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	3.37M	SH	$181.19M 2.79%	37.08K	3.33M
VANGUARD SCOTTSDALE FDSSOLE	LONG TERM TREAS	2.51M	SH	$140.10M 2.16%	0.00	2.51M
ISHARES TRSOLE	CORE US AGGBD ET	1.04M	SH	$103.62M 1.60%	82.33K	955.07K
ISHARES TRSOLE	CORE S&P500 ETF	120.17K	SH	$82.31M 1.27%	0.00	120.17K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	1.20M	SH	$70.60M 1.09%	0.00	1.20M
ISHARES TRSOLE	CORE MSCI EAFE	777.32K	SH	$69.54M 1.07%	0.00	777.32K
ISHARES GOLD TRSOLE	ISHARES NEW	750.80K	SH	$60.94M 0.94%	0.00	750.80K
ISHARES TRSOLE	0-3 MNTH TREASRY	564K	SH	$56.61M 0.87%	0.00	564K
VANGUARD INDEX FDSSOLE	GROWTH ETF	113.20K	SH	$55.22M 0.85%	23.84K	89.36K
AMERICAN CENTY ETF TRSOLE	AVANTIS US SMALL	922.74K	SH	$54.20M 0.83%	0.00	922.74K
VANGUARD BD INDEX FDSSOLE	TOTAL BND MRKT	716.49K	SH	$53.07M 0.82%	0.00	716.49K
ISHARES INCSOLE	CORE MSCI EMKT	786.72K	SH	$52.88M 0.81%	38.16K	748.56K
VANGUARD SCOTTSDALE FDSSOLE	VNG RUS1000VAL	526.32K	SH	$48.58M 0.75%	0.00	526.32K
ISHARES TRSOLE	RUS 1000 ETF	124.30K	SH	$46.42M 0.72%	0.00	124.30K
ISHARES TRSOLE	MSCI ACWI ETF	286.78K	SH	$40.58M 0.63%	19.23K	267.54K
SPDR INDEX SHS FDSSOLE	GLB NAT RESRCE	495.84K	SH	$30.81M 0.47%	168.10K	327.75K
KARMAN HLDGS INCSOLE	COMMON STOCK	420.24K	SH	$30.75M 0.47%	171.23K	249.01K
ISHARES TRSOLE	MSCI USA QLT FCT	153.03K	SH	$30.39M 0.47%	0.00	153.03K
VANGUARD WORLD FDSSOLE	ENERGY ETF	211.15K	SH	$26.59M 0.41%	0.00	211.15K

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