NEPC LLC

Registered adviser

CIK

1424799

Location

Boston, MA

Portfolio Value

Mid $5,358,886,166

Diversification

Highly concentrated

Filing Date

Global Rank

#840 / 8,827 ▼ 46

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 110562

Roster of Nov 1, 2026

Regulatory AUM

$152,723,794,951

Main clients

Pension and profit sharing plans (64% of AUM)

Private funds

4 funds · Other private funds

Focus by fund count, roster of Nov 1, 2026

$2,334,032,742 gross assets

Private funds on Schedule D 7.B.(1)

As filed Oct 2, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$5,625,802,320 gross assets in 4 funds Other private funds $5,625,802,320 (4)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$152,723,794,951	Pension and profit sharing plans (64%)
Apr 2025 to Mar 2026	$137,333,668,204	Pension and profit sharing plans (63%)
Apr 2024 to Mar 2025	$95,392,808,194	Pension and profit sharing plans (57%)
May 2023 to Mar 2024	$63,581,000,000	Pension and profit sharing plans (57%)
Apr 2023	$63,581,000,000	Pension and profit sharing plans (57%)
Nov 2022 to Mar 2023	$69,700,000,000	Pension and profit sharing plans (56%)

4 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 97.2% of the book (60%+)

Turnover

Low turnover

7.3% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 14.7 quarters (12+), a floor since 9.2% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 91.9%; sector active share 87.1% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

53 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

48.4%

−0.2 pts

Top 5

84.7%

−0.1 pts

Top 10

97.2%

−0.3 pts

HHI

2,766

Highly concentrated−20

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	100.0%	$5,358,886,166	53

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

16 positions

Ticker	Company	Δ Shares	Shares	Value
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	+1,028,339	7,419,110	$613,189,441
SPBO	State Street(R) SPDR Portfolio Corporate Bond ETF	+944,897	1,669,124	$48,471,360
VGLT	VANGUARD LONG-TERM TREASURY INDEX FUND	+457,791	8,860,856	$488,942,034
SPHY	State Street(R) SPDR(R) Portfolio High Yield Bond ETF	+420,424	750,656	$17,595,376
SCHP	Schwab U.S. TIPS ETF	+374,251	8,321,737	$220,526,030
VGIT	VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND	+337,995	8,475,832	$499,904,571
VTC	VANGUARD TOTAL CORPORATE BOND ETF	+260,586	4,943,439	$379,656,115
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	+188,750	6,254,317	$494,278,672
GLDM	World Gold Trust	+147,662	664,100	$52,742,822
EIS	iShares MSCI Israel ETF	+5,465	36,534	$4,410,019
IJH	iShares Core S&P Mid-Cap ETF	+148	75,763	$5,842,084
IYR	iShares U.S. Real Estate ETF	+108	22,426	$2,293,058
IJR	iShares Core S&P Small-Cap ETF	+83	33,886	$5,025,632
IVV	iShares Core S&P 500 ETF	+31	13,913	$10,419,306
IEFA	iShares Core MSCI EAFE ETF	+18	253,188	$24,452,897
IEMG	iShares Trust	+1	183,589	$15,208,512
No positions match the current search.

Trimmed

Positions the filer reduced

16 positions

Ticker	Company	Δ Shares	Shares	Value
VEA	Vanguard FTSE Developed Markets ETF	−188,388	4,298,995	$306,303,393
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	−81,121	800,713	$125,671,905
VTV	VANGUARD VALUE INDEX FUND	−56,627	648,293	$141,282,493
HEFA	iShares Currency Hedged MSCI EAFE ETF	−36,973	204,177	$9,582,026
VOO	VANGUARD 500 INDEX FUND	−36,259	941,895	$646,902,904
VCRB	VANGUARD CORE BOND ETF	−32,500	2,299,200	$177,574,113
TOV	JLens 500 Jewish Advocacy U.S. ETF	−26,504	404,606	$12,750,753
EEM	iShares MSCI Emerging Markets ETF	−21,822	36,131	$2,471,721
—		−21,447	605,088	$148,978,716
EFA	iShares MSCI EAFE ETF	−12,889	108,493	$11,270,252
VSS	VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND	−8,114	2,768	$427,074
SPY	Spdr S&P 500 ETF Trust	−6,777	33,248	$24,828,608
IWM	iShares Russell 2000 ETF	−5,367	45,557	$13,687,600
VXUS	Vanguard Total International Stock ETF	−62	759	$64,886
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	−51	1,387	$121,889
VTES	VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF	−16	261	$26,441
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
ITA	iShares U.S. Aerospace & Defense ETF	1,000	$242,420
AGG	iShares Core U.S. Aggregate Bond ETF	362	$35,830
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

53 tracked positions · $5,358,886,166 total · filing declares 53 positions · $5,358,884,455 · as of Jun 30, 2026

Showing 1–50 of 53 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VOO	VANGUARD 500 INDEX FUND	Reduced	941,895	-36,259	$646,902,904	+10.7%	13	unpriced	12.07%
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	Added	7,419,110	+1,028,339	$613,189,441	+16.0%	12	$80.93	11.44%
VGIT	VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND	Added	8,475,832	+337,995	$499,904,571	+3.2%	15	$58.60	9.33%
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	Added	6,254,317	+188,750	$494,278,672	+2.8%	17	$77.23	9.22%
VGLT	VANGUARD LONG-TERM TREASURY INDEX FUND	Added	8,860,856	+457,791	$488,942,034	+5.1%	12	$57.93	9.12%
VTC	VANGUARD TOTAL CORPORATE BOND ETF	Added	4,943,439	+260,586	$379,656,115	+5.5%	12	$76.73	7.08%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	4,298,995	-188,388	$306,303,393	+6.5%	25	$53.94	5.72%
SCHP	Schwab U.S. TIPS ETF	Added	8,321,737	+374,251	$220,526,030	+4.3%	26+	before history	4.12%
USHY	iShares Broad USD High Yield Corporate Bond ETF	Held	5,230,809	0	$193,644,549	+0.5%	12	unpriced	3.61%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Held	3,017,415	0	$180,109,501	+10.4%	26+	before history	3.36%
VCRB	VANGUARD CORE BOND ETF	Reduced	2,299,200	-32,500	$177,574,113	−1.6%	2	$78.04	3.31%
		Reduced	605,088	-21,447	$148,978,716	+15.5%	12	$181.58	2.78%
VTV	VANGUARD VALUE INDEX FUND	Reduced	648,293	-56,627	$141,282,493	+2.2%	18	unpriced	2.64%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Reduced	800,713	-81,121	$125,671,905	+3.0%	10	$114.75	2.35%
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	Held	1,993,299	0	$116,010,001	−0.6%	12	$58.08	2.16%
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	Held	2,632,283	0	$111,635,122	+0.2%	12	unpriced	2.08%
REET	iShares Global REIT ETF	Held	2,080,016	0	$57,450,041	+9.8%	12	unpriced	1.07%
GLDM	World Gold Trust	Added	664,100	+147,662	$52,742,822	+10.2%	12	$54.92	0.98%
IGF	iShares Global Infrastructure ETF	Held	781,673	0	$52,059,421	−0.6%	12	unpriced	0.97%
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	Held	2,308,438	0	$51,570,504	−8.0%	12	$20.54	0.96%
GNR	State Street(R) SPDR(R) S&P(R) Global Natural Resources ETF	Held	731,730	0	$49,252,746	−9.9%	12	$55.45	0.92%
SPBO	State Street(R) SPDR Portfolio Corporate Bond ETF	Added	1,669,124	+944,897	$48,471,360	+130.5%	9	$29.10	0.90%
SPY	Spdr S&P 500 ETF Trust	Reduced	33,248	-6,777	$24,828,608	−4.6%	26+	before history	0.46%
IEFA	iShares Core MSCI EAFE ETF	Added	253,188	+18	$24,452,897	+6.7%	24	unpriced	0.46%
IWV	iShares Russell 3000 ETF	Held	46,031	0	$19,627,618	+15.0%	6	unpriced	0.37%
SPHY	State Street(R) SPDR(R) Portfolio High Yield Bond ETF	Added	750,656	+420,424	$17,595,376	+128.5%	12	$23.44	0.33%
IEMG	iShares Trust	Added	183,589	+1	$15,208,512	—	13	unpriced	0.28%
IWM	iShares Russell 2000 ETF	Reduced	45,557	-5,367	$13,687,600	+8.4%	26+	before history	0.26%
TOV	JLens 500 Jewish Advocacy U.S. ETF	Reduced	404,606	-26,504	$12,750,753	+8.2%	6	unpriced	0.24%
EFA	iShares MSCI EAFE ETF	Reduced	108,493	-12,889	$11,270,252	−4.4%	26+	before history	0.21%
IVV	iShares Core S&P 500 ETF	Added	13,913	+31	$10,419,306	+14.9%	26+	before history	0.19%
HEFA	iShares Currency Hedged MSCI EAFE ETF	Reduced	204,177	-36,973	$9,582,026	−6.5%	26+	before history	0.18%
EAGG	iShares ESG Aware U.S. Aggregate Bond ETF	Held	130,692	0	$6,196,107	−0.3%	13	unpriced	0.12%
IJH	iShares Core S&P Mid-Cap ETF	Added	75,763	+148	$5,842,084	+14.4%	26+	before history	0.11%
IJR	iShares Core S&P Small-Cap ETF	Added	33,886	+83	$5,025,632	+19.6%	26+	before history	0.09%
EIS	iShares MSCI Israel ETF	Added	36,534	+5,465	$4,410,019	+22.3%	26+	before history	0.08%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	Held	25,076	0	$4,119,234	+15.3%	6	unpriced	0.08%
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	Held	65,564	0	$3,293,279	+0.6%	22	$50.22	0.06%
EFAX	State Street(R) SPDR(R) MSCI EAFE Fossil Fuel Reserves Free ETF	Held	53,260	0	$2,882,484	+8.8%	4	$48.00	0.05%
EEM	iShares MSCI Emerging Markets ETF	Reduced	36,131	-21,822	$2,471,721	−24.9%	26+	before history	0.05%
IYR	iShares U.S. Real Estate ETF	Added	22,426	+108	$2,293,058	+8.7%	26+	before history	0.04%
ESGU	iShares ESG Aware MSCI USA ETF	Held	13,905	0	$2,275,831	+15.7%	7	unpriced	0.04%
		Held	9,903	0	$1,528,032	+16.8%	22	$113.18	0.03%
ESGD	iShares ESG Aware MSCI EAFE ETF	Held	13,340	0	$1,371,485	+7.5%	7	unpriced	0.03%
SNPE	Xtrackers S&P 500 Scored & Screened ETF	Held	9,245	0	$636,610	+15.6%	7	$53.82	0.01%
VSS	VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND	Reduced	2,768	-8,114	$427,074	−73.1%	7	$125.81	0.01%
ITA	iShares U.S. Aerospace & Defense ETF	NEW	1,000	NEW	$242,420	NEW	1	unpriced	0.00%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Reduced	1,387	-51	$121,889	+10.7%	3	$79.53	0.00%
VXUS	Vanguard Total International Stock ETF	Reduced	759	-62	$64,886	+2.5%	3	$74.67	0.00%
AGG	iShares Core U.S. Aggregate Bond ETF	NEW	362	NEW	$35,830	NEW	1	unpriced	0.00%

Showing the top 50 of 53 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.