Filed: 2/17/2026ACC: 0000929638-26-000646
📋 What this filing means
NEPC LLC filed this quarterly 13F‑HR report disclosing 51 equity positions with a total reported market value of $4.69B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
51
Positions
$4.69B
Total AUM (reported)
67.60M
Total Shares
Allocation by class
S&P 500 ETF SHS$638.10M13.6%
INT-TERM CORP$510.32M10.9%
INTER TERM TREAS$487.70M10.4%
SHRT TRM CORP BD$459.51M9.8%
LONG TERM TREAS$433.18M9.2%
VAN FTSE DEV MKT$285.86M6.1%
TOTAL CORP BND$274.34M5.8%
Portfolio Concentration
Top 3$1.64B34.9%
4–10$1.97B42.0%
11–25$977.88M20.8%
Rest$106.65M2.3%
Top 3 weight
34.9%
Top 10 weight
76.9%
Voting Authority Distribution
Total shares with voting rights: 67.60M
Sole
Full voting authority
67.60M
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)
Sole51
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings51
Rows:
VANGUARD INDEX FDS
SOLEShares1.02M
TypeSH
Market value$638.10M
13.60%
Sole
1.02M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares6.09M
TypeSH
Market value$510.32M
10.87%
Sole
6.09M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares8.14M
TypeSH
Market value$487.70M
10.39%
Sole
8.14M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares5.76M
TypeSH
Market value$459.51M
9.79%
Sole
5.76M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares7.76M
TypeSH
Market value$433.18M
9.23%
Sole
7.76M
Shared
0.00
None
0.00
VANGUARD TAX-MANAGED FDS
SOLEShares4.58M
TypeSH
Market value$285.86M
6.09%
Sole
4.58M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares3.53M
TypeSH
Market value$274.34M
5.85%
Sole
3.53M
Shared
0.00
None
0.00
SCHWAB STRATEGIC TR
SOLEShares7.57M
TypeSH
Market value$200.59M
4.27%
Sole
7.57M
Shared
0.00
None
0.00
VANGUARD INTL EQUITY INDEX F
SOLEShares3.02M
TypeSH
Market value$162.22M
3.46%
Sole
3.02M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares4.18M
TypeSH
Market value$156.28M
3.33%
Sole
4.18M
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares704.92K
TypeSH
Market value$134.63M
2.87%
Sole
704.92K
Shared
0.00
None
0.00
VANGUARD INTL EQUITY INDEX F
SOLEShares930.78K
TypeSH
Market value$131.30M
2.80%
Sole
930.78K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares626.53K
TypeSH
Market value$131.02M
2.79%
Sole
626.53K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares1.99M
TypeSH
Market value$117.07M
2.49%
Sole
1.99M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2.63M
TypeSH
Market value$112.85M
2.40%
Sole
2.63M
Shared
0.00
None
0.00
WORLD GOLD TR
SOLEShares634.98K
TypeSH
Market value$54.21M
1.16%
Sole
634.98K
Shared
0.00
None
0.00
SPDR INDEX SHS FDS
SOLEShares870.24K
TypeSH
Market value$54.08M
1.15%
Sole
870.24K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares834.16K
TypeSH
Market value$51.18M
1.09%
Sole
834.16K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares2.04M
TypeSH
Market value$50.92M
1.09%
Sole
2.04M
Shared
0.00
None
0.00
ABRDN ETFS
SOLEShares2.31M
TypeSH
Market value$45.08M
0.96%
Sole
2.31M
Shared
0.00
None
0.00
SPDR S&P 500 ETF TRUST
SOLEShares41.40K
TypeSH
Market value$28.23M
0.60%
Sole
41.40K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares248.38K
TypeSH
Market value$22.22M
0.47%
Sole
248.38K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares45.96K
TypeSH
Market value$17.78M
0.38%
Sole
45.96K
Shared
0.00
None
0.00
PROGRESSIVE CORP
SOLEShares64.99K
TypeSH
Market value$14.80M
0.32%
Sole
64.99K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares50.85K
TypeSH
Market value$12.52M
0.27%
Sole
50.85K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 1.02M | SH | $638.10M 13.60% | 1.02M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | INT-TERM CORP | 6.09M | SH | $510.32M 10.87% | 6.09M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | INTER TERM TREAS | 8.14M | SH | $487.70M 10.39% | 8.14M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHRT TRM CORP BD | 5.76M | SH | $459.51M 9.79% | 5.76M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | LONG TERM TREAS | 7.76M | SH | $433.18M 9.23% | 7.76M | 0.00 | 0.00 |
VANGUARD TAX-MANAGED FDSSOLE | VAN FTSE DEV MKT | 4.58M | SH | $285.86M 6.09% | 4.58M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | TOTAL CORP BND | 3.53M | SH | $274.34M 5.85% | 3.53M | 0.00 | 0.00 |
SCHWAB STRATEGIC TRSOLE | US TIPS ETF | 7.57M | SH | $200.59M 4.27% | 7.57M | 0.00 | 0.00 |
VANGUARD INTL EQUITY INDEX FSOLE | FTSE EMR MKT ETF | 3.02M | SH | $162.22M 3.46% | 3.02M | 0.00 | 0.00 |
ISHARES TRSOLE | BROAD USD HIGH | 4.18M | SH | $156.28M 3.33% | 4.18M | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | VALUE ETF | 704.92K | SH | $134.63M 2.87% | 704.92K | 0.00 | 0.00 |
VANGUARD INTL EQUITY INDEX FSOLE | TT WRLD ST ETF | 930.78K | SH | $131.30M 2.80% | 930.78K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | EXTEND MKT ETF | 626.53K | SH | $131.02M 2.79% | 626.53K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHORT TERM TREAS | 1.99M | SH | $117.07M 2.49% | 1.99M | 0.00 | 0.00 |
ISHARES TRSOLE | 0-5YR HI YL CP | 2.63M | SH | $112.85M 2.40% | 2.63M | 0.00 | 0.00 |
WORLD GOLD TRSOLE | SPDR GLD MINIS | 634.98K | SH | $54.21M 1.16% | 634.98K | 0.00 | 0.00 |
SPDR INDEX SHS FDSSOLE | GLB NAT RESRCE | 870.24K | SH | $54.08M 1.15% | 870.24K | 0.00 | 0.00 |
ISHARES TRSOLE | GLB INFRASTR ETF | 834.16K | SH | $51.18M 1.09% | 834.16K | 0.00 | 0.00 |
ISHARES TRSOLE | GLOBAL REIT ETF | 2.04M | SH | $50.92M 1.09% | 2.04M | 0.00 | 0.00 |
ABRDN ETFSSOLE | BBRG ALL COMD K1 | 2.31M | SH | $45.08M 0.96% | 2.31M | 0.00 | 0.00 |
SPDR S&P 500 ETF TRUSTSOLE | TR UNIT | 41.40K | SH | $28.23M 0.60% | 41.40K | 0.00 | 0.00 |
ISHARES TRSOLE | CORE MSCI EAFE | 248.38K | SH | $22.22M 0.47% | 248.38K | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 3000 ETF | 45.96K | SH | $17.78M 0.38% | 45.96K | 0.00 | 0.00 |
PROGRESSIVE CORPSOLE | COM | 64.99K | SH | $14.80M 0.32% | 64.99K | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 50.85K | SH | $12.52M 0.27% | 50.85K | 0.00 | 0.00 |
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