CAMBRIDGE ASSOCIATES LLC /MA/ /ADV

CIK

733986

Location

BOSTON, MA

Portfolio Value

Mid $6,929,193,516

Diversification

Moderately concentrated

Filing Date

Global Rank

#703 / 8,827 ▼ 19

Top Industry

Aerospace & Defense 100.0%

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

Unknown

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 96.9% of the book (60%+)

Turnover

Low turnover

18.7% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 23.5 quarters (12+), a floor since 82.0% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 92.2%; 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.

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Portfolio Concentration

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

Top Position

37.0%

+0.5 pts

Top 5

89.2%

+1.5 pts

Top 10

96.9%

+0.9 pts

HHI

2,204

Moderately concentrated+85

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	100.0%	$6,925,774,346	55
Industrials	0.0%	$3,419,170	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
VUG	VANGUARD GROWTH INDEX FUND	+450,725	540,084	$46,522,835
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	+422,781	9,031,741	$1,417,531,749
AGG	iShares Core U.S. Aggregate Bond ETF	+332,211	1,308,098	$129,475,540
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	+235,450	5,683,131	$285,463,670
VGIT	VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND	+209,204	6,332,861	$373,512,141
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	+191,572	378,196	$29,465,250
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	+161,248	1,835,215	$106,809,513
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	+151,110	3,083,657	$184,063,486
IDEV	iShares Core MSCI International Developed Markets ETF	+147,718	388,432	$34,574,332
RSP	Victory Portfolios II	+55,598	61,010	$12,981,097
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	+54,310	767,510	$56,342,909
VGLT	VANGUARD LONG-TERM TREASURY INDEX FUND	+41,876	2,732,359	$150,771,569
DMBS	DoubleLine Mortgage ETF	+32,779	441,639	$21,680,058
AVSC	Avantis U.S. Small Cap Equity ETF	+32,247	954,982	$70,038,379
IEFA	iShares Core MSCI EAFE ETF	+26,464	909,003	$87,791,509
VO	VANGUARD MID-CAP INDEX FUND	+14,976	19,968	$1,608,821
IEF	iShares 7-10 Year Treasury Bond ETF	+794	202,783	$19,177,188
SPY	Spdr S&P 500 ETF Trust	+529	23,071	$17,228,730
No positions match the current search.

Trimmed

Positions the filer reduced

20 positions

Ticker	Company	Δ Shares	Shares	Value
BIZD	VanEck BDC Income ETF	−517,096	1,907,532	$24,149,355
SGOV	iShares 0-3 Month Treasury Bond ETF	−198,756	244,364	$24,600,123
KRMN	Karman Holdings Inc.	−180,518	68,493	$3,419,170
IEMG	iShares Trust	−113,051	850,353	$70,443,242
ESGV	VANGUARD ESG U.S. STOCK ETF	−111,272	101,457	$13,416,673
—		−94,027	148,918	$3,407,243
GNR	State Street(R) SPDR(R) S&P(R) Global Natural Resources ETF	−78,334	229,803	$15,468,039
TIP	iShares TIPS Bond ETF	−70,850	184,819	$20,224,743
VIG	Vanguard Specialized Funds	−61,725	146,581	$34,683,996
ACWI	iShares MSCI ACWI ETF	−52,479	222,227	$34,882,972
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−36,531	1,678,930	$621,271,257
IAU	Ishares Gold Trust	−32,791	707,800	$53,445,978
IVV	iShares Core S&P 500 ETF	−29,547	126,494	$94,730,091
VEA	Vanguard FTSE Developed Markets ETF	−26,611	9,431,210	$671,973,712
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	−23,617	57,113	$2,888,775
VOO	VANGUARD 500 INDEX FUND	−15,365	2,754,197	$1,891,610,041
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	−6,834	201,440	$25,746,046
VSGX	VANGUARD ESG INTERNATIONAL STOCK ETF	−2,517	31,570	$2,599,473
VIOO	VANGUARD S&P SMALL-CAP 600 INDEX FUND	−2,443	85,513	$11,761,458
VONV	VANGUARD RUSSELL 1000 VALUE INDEX FUND	−2,433	509,576	$54,173,024
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Shares	Value
—	170,773	$7,083,664
—	148,114	$6,164,504
—	84,697	$2,724,702
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
VXUS	Vanguard Total International Stock ETF	291,594	$22,484,813
VTV	VANGUARD VALUE INDEX FUND	81,110	$15,913,782
ESGD	iShares ESG Aware MSCI EAFE ETF	63,109	$6,034,482
IJH	iShares Core S&P Mid-Cap ETF	26,049	$1,759,088
BKLN	Invesco Ltd.	72,046	$1,470,458
URA	Global X Uranium ETF	19,100	$925,013
ESGE	iShares Trust	34,980	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

56 tracked positions · $6,929,193,516 total · filing declares 56 positions · $6,929,193,459 · as of Jun 30, 2026

All sectors Industrials

Showing 1–50 of 56 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	2,754,197	-15,365	$1,891,610,041	+14.3%	26+	before history	27.30%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Added	9,031,741	+422,781	$1,417,531,749	+19.0%	26+	before history	20.46%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	9,431,210	-26,611	$671,973,712	+10.9%	26+	before history	9.70%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	1,678,930	-36,531	$621,271,257	+12.9%	26+	before history	8.97%
VGIT	VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND	Added	6,332,861	+209,204	$373,512,141	+2.4%	18	$59.21	5.39%
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	Added	5,683,131	+235,450	$285,463,670	+4.9%	26+	before history	4.12%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Added	3,083,657	+151,110	$184,063,486	+16.1%	26+	before history	2.66%
VGLT	VANGUARD LONG-TERM TREASURY INDEX FUND	Added	2,732,359	+41,876	$150,771,569	+1.2%	26+	before history	2.18%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	1,308,098	+332,211	$129,475,540	+33.7%	26+	before history	1.87%
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	Added	1,835,215	+161,248	$106,809,513	+9.0%	8	$58.59	1.54%
IVV	iShares Core S&P 500 ETF	Reduced	126,494	-29,547	$94,730,091	−7.1%	26+	before history	1.37%
IEFA	iShares Core MSCI EAFE ETF	Added	909,003	+26,464	$87,791,509	+9.9%	12	unpriced	1.27%
IEMG	iShares Trust	Reduced	850,353	-113,051	$70,443,242	—	12	unpriced	1.02%
AVSC	Avantis U.S. Small Cap Equity ETF	Added	954,982	+32,247	$70,038,379	+21.8%	10	$55.69	1.01%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Added	767,510	+54,310	$56,342,909	+7.3%	13	$73.30	0.81%
VONV	VANGUARD RUSSELL 1000 VALUE INDEX FUND	Reduced	509,576	-2,433	$54,173,024	+12.9%	26+	before history	0.78%
IAU	Ishares Gold Trust	Reduced	707,800	-32,791	$53,445,978	−18.1%	20	$48.48	0.77%
IWB	iShares Russell 1000 ETF	Held	124,298	0	$50,900,031	+14.8%	9	unpriced	0.73%
VUG	VANGUARD GROWTH INDEX FUND	Added	540,084	+450,725	$46,522,835	+19.2%	26+	before history	0.67%
ACWI	iShares MSCI ACWI ETF	Reduced	222,227	-52,479	$34,882,972	−8.2%	12	unpriced	0.50%
VIG	Vanguard Specialized Funds	Reduced	146,581	-61,725	$34,683,996	−22.6%	2	$222.93	0.50%
IDEV	iShares Core MSCI International Developed Markets ETF	Added	388,432	+147,718	$34,574,332	+71.9%	2	unpriced	0.50%
QUAL	iShares MSCI USA Quality Factor ETF	Held	153,029	0	$33,579,153	+14.4%	9	unpriced	0.48%
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	Added	378,196	+191,572	$29,465,250	+101.4%	26+	before history	0.43%
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	Reduced	201,440	-6,834	$25,746,046	+12.7%	12	$85.99	0.37%
SGOV	iShares 0-3 Month Treasury Bond ETF	Reduced	244,364	-198,756	$24,600,123	−44.8%	4	unpriced	0.36%
VDE	VANGUARD ENERGY INDEX FUND	Held	161,826	0	$24,294,937	−13.2%	15	unpriced	0.35%
BIZD	VanEck BDC Income ETF	Reduced	1,907,532	-517,096	$24,149,355	−22.2%	4	$14.40	0.35%
GQGU	GQG US Equity ETF	Held	875,949	0	$22,249,104	−5.6%	4	$25.05	0.32%
DMBS	DoubleLine Mortgage ETF	Added	441,639	+32,779	$21,680,058	+7.4%	3	$49.74	0.31%
TIP	iShares TIPS Bond ETF	Reduced	184,819	-70,850	$20,224,743	−28.3%	26+	before history	0.29%
TOV	JLens 500 Jewish Advocacy U.S. ETF	Held	626,403	0	$19,740,464	+15.3%	5	unpriced	0.28%
IEF	iShares 7-10 Year Treasury Bond ETF	Added	202,783	+794	$19,177,188	−0.5%	26+	before history	0.28%
SPY	Spdr S&P 500 ETF Trust	Added	23,071	+529	$17,228,730	+17.5%	26+	before history	0.25%
GNR	State Street(R) SPDR(R) S&P(R) Global Natural Resources ETF	Reduced	229,803	-78,334	$15,468,039	−32.8%	26+	before history	0.22%
ESGV	VANGUARD ESG U.S. STOCK ETF	Reduced	101,457	-111,272	$13,416,673	−43.8%	26+	before history	0.19%
RSP	Victory Portfolios II	Added	61,010	+55,598	$12,981,097	+1149.8%	4	$203.02	0.19%
VIOO	VANGUARD S&P SMALL-CAP 600 INDEX FUND	Reduced	85,513	-2,443	$11,761,458	+16.5%	12	unpriced	0.17%
STIP	iShares 0-5 Year TIPS Bond ETF	Held	98,340	0	$10,046,414	−1.2%	26+	before history	0.14%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Held	94,533	0	$9,115,817	+8.7%	26+	before history	0.13%
IWM	iShares Russell 2000 ETF	Held	26,269	0	$7,892,521	+21.1%	3	unpriced	0.11%
		NEW	170,773	NEW	$7,083,664	NEW	1	$41.04	0.10%
IWV	iShares Russell 3000 ETF	Held	14,597	0	$6,224,160	+15.0%	11	unpriced	0.09%
		NEW	148,114	NEW	$6,164,504	NEW	1	$40.11	0.09%
VONE	VANGUARD RUSSELL 1000 INDEX FUND	Held	13,818	0	$4,680,432	+14.8%	4	$291.43	0.07%
KRMN	Karman Holdings Inc. Industrials	Reduced	68,493	-180,518	$3,419,170	−82.8%	4	$54.85	0.05%
		Reduced	148,918	-94,027	$3,407,243	−28.0%	3	$20.27	0.05%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Reduced	57,113	-23,617	$2,888,775	−28.3%	4	$49.43	0.04%
		NEW	84,697	NEW	$2,724,702	NEW	1	$32.34	0.04%
VSGX	VANGUARD ESG INTERNATIONAL STOCK ETF	Reduced	31,570	-2,517	$2,599,473	+6.3%	13	unpriced	0.04%

Showing the top 50 of 56 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.