Filed: 11/14/2025ACC: 0000929638-25-004272
📋 What this filing means
NEPC LLC filed this quarterly 13F‑HR report disclosing 49 equity positions with a total reported market value of $3.80B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
49
Positions
$3.80B
Total AUM (reported)
55.14M
Total Shares
Allocation by class
S&P 500 ETF SHS$501.29M13.2%
SHRT TRM CORP BD$400.48M10.5%
LONG TERM TREAS$391.43M10.3%
INTER TERM TREAS$388.55M10.2%
INT-TERM CORP$372.04M9.8%
TOTAL CORP BND$192.46M5.1%
VAN FTSE DEV MKT$164.96M4.3%
Portfolio Concentration
Top 3$1.29B34.0%
4–10$1.46B38.4%
11–25$902.92M23.8%
Rest$143.67M3.8%
Top 3 weight
34.0%
Top 10 weight
72.5%
Voting Authority Distribution
Total shares with voting rights: 60.28M
Sole
Full voting authority
60.28M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% 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
SOLEShares818.60K
TypeSH
Market value$501.29M
13.19%
Sole
6.35M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares5.01M
TypeSH
Market value$400.48M
10.54%
Sole
6.52M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares6.88M
TypeSH
Market value$391.43M
10.30%
Sole
4.42M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares6.47M
TypeSH
Market value$388.55M
10.23%
Sole
8.11K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares4.42M
TypeSH
Market value$372.04M
9.79%
Sole
2.23M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares2.46M
TypeSH
Market value$192.46M
5.07%
Sole
2.46M
Shared
0.00
None
0.00
VANGUARD TAX-MANAGED FDS
SOLEShares2.75M
TypeSH
Market value$164.96M
4.34%
Sole
659.57K
Shared
0.00
None
0.00
SCHWAB STRATEGIC TR
SOLEShares4.59M
TypeSH
Market value$123.76M
3.26%
Sole
7.65K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares587.40K
TypeSH
Market value$109.54M
2.88%
Sole
3.76M
Shared
0.00
None
0.00
VANGUARD INTL EQUITY INDEX F
SOLEShares2M
TypeSH
Market value$108.18M
2.85%
Sole
65.56K
Shared
0.00
None
0.00
ISHARES INC
SOLEShares1.59M
TypeSH
Market value$104.90M
2.76%
Sole
31.07K
Shared
0.00
None
0.00
VANGUARD INTL EQUITY INDEX F
SOLEShares755.78K
TypeSH
Market value$104.15M
2.74%
Sole
692.54K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2.56M
TypeSH
Market value$96.84M
2.55%
Sole
160.00
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2.20M
TypeSH
Market value$95.30M
2.51%
Sole
9.24K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares372K
TypeSH
Market value$77.88M
2.05%
Sole
456.36K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares1.23M
TypeSH
Market value$72.19M
1.90%
Sole
1.23M
Shared
0.00
None
0.00
SPDR SERIES TRUST
SOLEShares1.64M
TypeSH
Market value$48.58M
1.28%
Sole
2.55M
Shared
0.00
None
0.00
WORLD GOLD TR
SOLEShares614.87K
TypeSH
Market value$47.01M
1.24%
Sole
861.13K
Shared
0.00
None
0.00
SPDR INDEX SHS FDS
SOLEShares730.89K
TypeSH
Market value$43.28M
1.14%
Sole
973.56K
Shared
0.00
None
0.00
ABRDN ETFS
SOLEShares1.98M
TypeSH
Market value$42.69M
1.12%
Sole
2.18M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.64M
TypeSH
Market value$41.99M
1.11%
Sole
149.54K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares665.98K
TypeSH
Market value$40.70M
1.07%
Sole
2.20M
Shared
0.00
None
0.00
SPDR SERIES TRUST
SOLEShares1.40M
TypeSH
Market value$33.53M
0.88%
Sole
1.85M
Shared
0.00
None
0.00
SPDR S&P 500 ETF TRUST
SOLEShares41.61K
TypeSH
Market value$27.72M
0.73%
Sole
35.72K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares89.09K
TypeSH
Market value$26.17M
0.69%
Sole
1.33M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 818.60K | SH | $501.29M 13.19% | 6.35M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHRT TRM CORP BD | 5.01M | SH | $400.48M 10.54% | 6.52M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | LONG TERM TREAS | 6.88M | SH | $391.43M 10.30% | 4.42M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | INTER TERM TREAS | 6.47M | SH | $388.55M 10.23% | 8.11K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | INT-TERM CORP | 4.42M | SH | $372.04M 9.79% | 2.23M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | TOTAL CORP BND | 2.46M | SH | $192.46M 5.07% | 2.46M | 0.00 | 0.00 |
VANGUARD TAX-MANAGED FDSSOLE | VAN FTSE DEV MKT | 2.75M | SH | $164.96M 4.34% | 659.57K | 0.00 | 0.00 |
SCHWAB STRATEGIC TRSOLE | US TIPS ETF | 4.59M | SH | $123.76M 3.26% | 7.65K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | VALUE ETF | 587.40K | SH | $109.54M 2.88% | 3.76M | 0.00 | 0.00 |
VANGUARD INTL EQUITY INDEX FSOLE | FTSE EMR MKT ETF | 2M | SH | $108.18M 2.85% | 65.56K | 0.00 | 0.00 |
ISHARES INCSOLE | CORE MSCI EMKT | 1.59M | SH | $104.90M 2.76% | 31.07K | 0.00 | 0.00 |
VANGUARD INTL EQUITY INDEX FSOLE | TT WRLD ST ETF | 755.78K | SH | $104.15M 2.74% | 692.54K | 0.00 | 0.00 |
ISHARES TRSOLE | BROAD USD HIGH | 2.56M | SH | $96.84M 2.55% | 160.00 | 0.00 | 0.00 |
ISHARES TRSOLE | 0-5YR HI YL CP | 2.20M | SH | $95.30M 2.51% | 9.24K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | EXTEND MKT ETF | 372K | SH | $77.88M 2.05% | 456.36K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHORT TERM TREAS | 1.23M | SH | $72.19M 1.90% | 1.23M | 0.00 | 0.00 |
SPDR SERIES TRUSTSOLE | PORTFOLIO CRPORT | 1.64M | SH | $48.58M 1.28% | 2.55M | 0.00 | 0.00 |
WORLD GOLD TRSOLE | SPDR GLD MINIS | 614.87K | SH | $47.01M 1.24% | 861.13K | 0.00 | 0.00 |
SPDR INDEX SHS FDSSOLE | GLB NAT RESRCE | 730.89K | SH | $43.28M 1.14% | 973.56K | 0.00 | 0.00 |
ABRDN ETFSSOLE | BBRG ALL COMD K1 | 1.98M | SH | $42.69M 1.12% | 2.18M | 0.00 | 0.00 |
ISHARES TRSOLE | GLOBAL REIT ETF | 1.64M | SH | $41.99M 1.11% | 149.54K | 0.00 | 0.00 |
ISHARES TRSOLE | GLB INFRASTR ETF | 665.98K | SH | $40.70M 1.07% | 2.20M | 0.00 | 0.00 |
SPDR SERIES TRUSTSOLE | PORTFLI HIGH YLD | 1.40M | SH | $33.53M 0.88% | 1.85M | 0.00 | 0.00 |
SPDR S&P 500 ETF TRUSTSOLE | TR UNIT | 41.61K | SH | $27.72M 0.73% | 35.72K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | MID CAP ETF | 89.09K | SH | $26.17M 0.69% | 1.33M | 0.00 | 0.00 |
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