NEPC LLC

Filed: 8/14/2025ACC: 0000929638-25-003024

📋 What this filing means

NEPC LLC filed this quarterly 13F‑HR report disclosing 49 equity positions with a total reported market value of $3.93B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$3.93B

Total AUM (reported)

60.28M

Total Shares

Allocation by class

S&P 500 ETF SHS$464.99M11.8%

SHRT TRM CORP BD$401.40M10.2%

INTER TERM TREAS$380.08M9.7%

INT-TERM CORP$366.78M9.3%

LONG TERM TREAS$365.90M9.3%

VAN FTSE DEV MKT$214.38M5.5%

TOTAL CORP BND$189.89M4.8%

Portfolio Concentration

Top 3$1.25B31.7%

4–10$1.56B39.7%

11–25$997.25M25.4%

Rest$126.65M3.2%

Top 3 weight

31.7%

Top 10 weight

71.4%

Voting Authority Distribution

Total shares with voting rights: 60.28M

Sole

Full voting authority

60.28M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole49

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings49

Rows:

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares818.60K

TypeSH

Market value$464.99M

11.84%

Sole

818.60K

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

SHRT TRM CORP BD

Shares5.05M

TypeSH

Market value$401.40M

10.22%

Sole

5.05M

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

INTER TERM TREAS

Shares6.35M

TypeSH

Market value$380.08M

9.68%

Sole

6.35M

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares4.42M

TypeSH

Market value$366.78M

9.34%

Sole

4.42M

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

LONG TERM TREAS

Shares6.52M

TypeSH

Market value$365.90M

9.32%

Sole

6.52M

Shared

0.00

None

0.00

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares3.76M

TypeSH

Market value$214.38M

5.46%

Sole

3.76M

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

TOTAL CORP BND

Shares2.46M

TypeSH

Market value$189.89M

4.83%

Sole

2.46M

Shared

0.00

None

0.00

VANGUARD INTL EQUITY INDEX F

SOLE

TT WRLD ST ETF

Shares1.33M

TypeSH

Market value$170.42M

4.34%

Sole

1.33M

Shared

0.00

None

0.00

SCHWAB STRATEGIC TR

SOLE

US TIPS ETF

Shares5.01M

TypeSH

Market value$133.71M

3.40%

Sole

5.01M

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares659.57K

TypeSH

Market value$116.57M

2.97%

Sole

659.57K

Shared

0.00

None

0.00

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares2.23M

TypeSH

Market value$110.53M

2.81%

Sole

2.23M

Shared

0.00

None

0.00

ISHARES TR

SOLE

BROAD USD HIGH

Shares2.56M

TypeSH

Market value$96.15M

2.45%

Sole

2.56M

Shared

0.00

None

0.00

ISHARES TR

SOLE

0-5YR HI YL CP

Shares2.20M

TypeSH

Market value$94.95M

2.42%

Sole

2.20M

Shared

0.00

None

0.00

ISHARES INC

SOLE

CORE MSCI EMKT

Shares1.57M

TypeSH

Market value$94.32M

2.40%

Sole

1.57M

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

EXTEND MKT ETF

Shares456.36K

TypeSH

Market value$87.94M

2.24%

Sole

456.36K

Shared

0.00

None

0.00

SPDR SERIES TRUST

SOLE

PORTFOLIO CRPORT

Shares2.55M

TypeSH

Market value$74.65M

1.90%

Sole

2.55M

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares1.23M

TypeSH

Market value$72.11M

1.84%

Sole

1.23M

Shared

0.00

None

0.00

SPDR SERIES TRUST

SOLE

PORTFOLIO S&P500

Shares973.56K

TypeSH

Market value$70.77M

1.80%

Sole

973.56K

Shared

0.00

None

0.00

SPDR INDEX SHS FDS

SOLE

GLB NAT RESRCE

Shares861.13K

TypeSH

Market value$46.71M

1.19%

Sole

861.13K

Shared

0.00

None

0.00

ISHARES TR

SOLE

GLB INFRASTR ETF

Shares787.54K

TypeSH

Market value$46.62M

1.19%

Sole

787.54K

Shared

0.00

None

0.00

ISHARES TR

SOLE

GLOBAL REIT ETF

Shares1.85M

TypeSH

Market value$45.74M

1.16%

Sole

1.85M

Shared

0.00

None

0.00

WORLD GOLD TR

SOLE

SPDR GLD MINIS

Shares692.54K

TypeSH

Market value$45.38M

1.16%

Sole

692.54K

Shared

0.00

None

0.00

ABRDN ETFS

SOLE

BBRG ALL COMD K1

Shares2.18M

TypeSH

Market value$45.18M

1.15%

Sole

2.18M

Shared

0.00

None

0.00

SPDR SERIES TRUST

SOLE

PORTFLI HIGH YLD

Shares1.85M

TypeSH

Market value$44.14M

1.12%

Sole

1.85M

Shared

0.00

None

0.00

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares35.72K

TypeSH

Market value$22.07M

0.56%

Sole

35.72K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	818.60K	SH	$464.99M 11.84%	818.60K
VANGUARD SCOTTSDALE FDSSOLE	SHRT TRM CORP BD	5.05M	SH	$401.40M 10.22%	5.05M
VANGUARD SCOTTSDALE FDSSOLE	INTER TERM TREAS	6.35M	SH	$380.08M 9.68%	6.35M
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	4.42M	SH	$366.78M 9.34%	4.42M
VANGUARD SCOTTSDALE FDSSOLE	LONG TERM TREAS	6.52M	SH	$365.90M 9.32%	6.52M
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	3.76M	SH	$214.38M 5.46%	3.76M
VANGUARD SCOTTSDALE FDSSOLE	TOTAL CORP BND	2.46M	SH	$189.89M 4.83%	2.46M
VANGUARD INTL EQUITY INDEX FSOLE	TT WRLD ST ETF	1.33M	SH	$170.42M 4.34%	1.33M
SCHWAB STRATEGIC TRSOLE	US TIPS ETF	5.01M	SH	$133.71M 3.40%	5.01M
VANGUARD INDEX FDSSOLE	VALUE ETF	659.57K	SH	$116.57M 2.97%	659.57K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	2.23M	SH	$110.53M 2.81%	2.23M
ISHARES TRSOLE	BROAD USD HIGH	2.56M	SH	$96.15M 2.45%	2.56M
ISHARES TRSOLE	0-5YR HI YL CP	2.20M	SH	$94.95M 2.42%	2.20M
ISHARES INCSOLE	CORE MSCI EMKT	1.57M	SH	$94.32M 2.40%	1.57M
VANGUARD INDEX FDSSOLE	EXTEND MKT ETF	456.36K	SH	$87.94M 2.24%	456.36K
SPDR SERIES TRUSTSOLE	PORTFOLIO CRPORT	2.55M	SH	$74.65M 1.90%	2.55M
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	1.23M	SH	$72.11M 1.84%	1.23M
SPDR SERIES TRUSTSOLE	PORTFOLIO S&P500	973.56K	SH	$70.77M 1.80%	973.56K
SPDR INDEX SHS FDSSOLE	GLB NAT RESRCE	861.13K	SH	$46.71M 1.19%	861.13K
ISHARES TRSOLE	GLB INFRASTR ETF	787.54K	SH	$46.62M 1.19%	787.54K
ISHARES TRSOLE	GLOBAL REIT ETF	1.85M	SH	$45.74M 1.16%	1.85M
WORLD GOLD TRSOLE	SPDR GLD MINIS	692.54K	SH	$45.38M 1.16%	692.54K
ABRDN ETFSSOLE	BBRG ALL COMD K1	2.18M	SH	$45.18M 1.15%	2.18M
SPDR SERIES TRUSTSOLE	PORTFLI HIGH YLD	1.85M	SH	$44.14M 1.12%	1.85M
SPDR S&P 500 ETF TRSOLE	TR UNIT	35.72K	SH	$22.07M 0.56%	35.72K

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