Q2 2026 13F · SEC CIK 733986

Cambridge Associates LLC /ma/ /adv

Investment managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $6.9B
Reported positions: 56
Holdings vs S&P 500, 3 yrs: —
Average holding period: 9.3 yrs

Cambridge Associates LLC /ma/ /adv is an investment manager that reported 56 positions worth $6.9B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Vanguard S&p 500 ETF (VOO, 27.3%), Vanguard Total World Stock Index Fund Et (VT, 20.5%), Vanguard Tax-Managed Fds (VEA, 9.7%).

Cambridge Associates LLC /ma/ /adv holdings largest 50 of 56 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Cambridge Associates LLC /ma/ /adv 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
VOOVanguard S&p 500 ETF	27.3%	26.4%	2,754,197	-0.6%	$1.9B
VTVanguard Total World Stock Index Fund Et	20.5%	19.0%	9,031,741	+4.9%	$1.4B
VEAVanguard Tax-Managed Fds	9.7%	9.7%	9,431,210	-0.3%	$672.0M
VTIVanguard Index Fds	9.0%	8.8%	1,678,930	-2.1%	$621.3M
VGITVanguard Intermediate Treasury ETF	5.4%	5.8%	6,332,861	+3.4%	$373.5M
VTIPVanguard Malvern Fds	4.1%	4.3%	5,683,131	+4.3%	$285.5M
VWOVanguard Intl Equity Index F	2.7%	2.5%	3,083,657	+5.2%	$184.1M
VGLTVanguard Long-Term Treasury ETF Total	2.2%	2.4%	2,732,359	+1.6%	$150.8M
AGGIshares Tr	1.9%	1.5%	1,308,098	+34.0%	$129.5M
VGSHVanguard Short-Term Treasury ETF Total	1.5%	1.6%	1,835,215	+9.6%	$106.8M
IVVIshares Core S&p 500 ETF	1.4%	1.6%	126,494	-18.9%	$94.7M
IEFAIshares Core Msci Eafe ETF	1.3%	1.3%	909,003	+3.0%	$87.8M
IEMGIshares	1.0%	1.1%	850,353	-11.7%	$70.4M
AVSCAmerican Centy ETF Tr	1.0%	0.9%	954,982	+3.5%	$70.0M
BNDVanguard Total Bond Market ETF	0.8%	0.8%	767,510	+7.6%	$56.3M
VONVVanguard Russell 1000 Value ETF	0.8%	0.8%	509,576	-0.5%	$54.2M
IAUIshares Gold Trust	0.8%	1.0%	707,800	-4.4%	$53.4M
IWBIshares Russell 1000 ETF	0.7%	0.7%	124,298	+0.0%	$50.9M
VUGVanguard Indx Fd	0.7%	0.6%	540,084	+504.4%	$46.5M
ACWIIshares Tr	0.5%	0.6%	222,227	-19.1%	$34.9M
VIGVanguard Dividend Appreciation ETF	0.5%	0.7%	146,581	-29.6%	$34.7M
IDEVIshares Tr	0.5%	0.3%	388,432	+61.4%	$34.6M
QUALIshares Msci USA Quality Factor ETF	0.5%	0.5%	153,029	+0.0%	$33.6M
BSVVanguard Bd Index Fds Vanguard Short Ter	0.4%	0.2%	378,196	+102.7%	$29.5M
VONGVanguard Russell 1000 Growth ETF	0.4%	0.4%	201,440	-3.3%	$25.7M
SGOViShares 0-3 Month Treasury Bon	0.4%	0.7%	244,364	-44.9%	$24.6M
VDEVanguard World Fd	0.4%	0.4%	161,826	+0.0%	$24.3M
BIZDVaneck ETF Trust	0.3%	0.4%	1,907,532	-21.3%	$24.1M
GQGUAdvisors Inner Circle Fd III	0.3%	0.4%	875,949	+0.0%	$22.2M
DMBSDoubleline ETF Trust	0.3%	0.3%	441,639	+8.0%	$21.7M
TIPiShares TIPS Bond ETF	0.3%	0.5%	184,819	-27.7%	$20.2M
TOVEa Series Trust	0.3%	0.3%	626,403	+0.0%	$19.7M
IEFiShs 7-10 ys Tsy	0.3%	0.3%	202,783	+0.4%	$19.2M
SPYSpdr S&p 500 ETF Tr	0.2%	0.2%	23,071	+2.3%	$17.2M
GNRState Street Spdr S&p Global Natural Res	0.2%	0.4%	229,803	-25.4%	$15.5M
ESGVVanguard World Fd	0.2%	0.4%	101,457	-52.3%	$13.4M
RSPInvesco S&p 500 Equal Weight ETF	0.2%	—	61,010	—	$13.0M
VIOOVanguard Admiral Fds Inc	0.2%	0.2%	85,513	-2.8%	$11.8M
STIPIshares Tr	0.1%	0.2%	98,340	+0.0%	$10.0M
VNQVanguard Real Estate ETF	0.1%	0.1%	94,533	+0.0%	$9.1M
IWMIshares	0.1%	0.1%	26,269	+0.0%	$7.9M
AOKIshares Tr	0.1%	—	170,773	—	$7.1M
IWVIshares Russell 3000 Index	0.1%	0.1%	14,597	+0.0%	$6.2M
QLTYGmo ETF Trust	0.1%	—	148,114	—	$6.2M
VONEVanguard Scottsdale Fds	0.1%	0.1%	13,818	+0.0%	$4.7M
KRMNKarman Hldgs Inc	0.0%	0.3%	68,493	-72.5%	$3.4M
JSTCTikal Trust I	0.0%	0.1%	148,918	-38.7%	$3.4M
VTEBVanguard Tx Ex Bd	0.0%	0.1%	57,113	-29.3%	$2.9M
EAGLEagle Capital Select Equity ETF	0.0%	—	84,697	—	$2.7M
VSGXVanguard ESG International Stoc	0.0%	0.0%	31,570	-7.4%	$2.6M

What Cambridge Associates LLC /ma/ /adv bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: —
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$6.9B	56
Q1 2026	$6.3B	60
Q4 2025	$6.1B	57
Q4 2024	$3.1B	51
Q3 2024	$2.7B	64
Q2 2024	$2.2B	50
Q1 2024	$1.9B	51
Q4 2023	$1.7B	57
Q3 2023	$1.5B	48
Q2 2023	$1.3B	41
Q1 2023	$1.3B	44
Q4 2022	$1.3B	42

Questions about Cambridge Associates LLC /ma/ /adv's portfolio

What stocks does Cambridge Associates LLC /ma/ /adv own?

Cambridge Associates LLC /ma/ /adv's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 56 positions worth $6.9B. The largest are Vanguard S&p 500 ETF (VOO) at 27.3%, Vanguard Total World Stock Index Fund Et (VT) at 20.5%, Vanguard Tax-Managed Fds (VEA) at 9.7%, Vanguard Index Fds (VTI) at 9.0% and Vanguard Intermediate Treasury ETF (VGIT) at 5.4%.

What did Cambridge Associates LLC /ma/ /adv buy last quarter?

In Q2 2026, Cambridge Associates LLC /ma/ /adv added Vanguard Indx Fd (VUG) (+504.4% shares), Vanguard Bd Index Fds Vanguard Short Ter (BSV) (+102.7% shares) and Ishares Tr (IDEV) (+61.4% shares), compared with its Q1 2026 filing.

What did Cambridge Associates LLC /ma/ /adv sell last quarter?

In Q2 2026, Cambridge Associates LLC /ma/ /adv cut from its top 50 Vanguard Star Fds Vanguard Total Intl St (VXUS), cut from its top 50 Vanguard Value ETF (VTV), cut from its top 50 Ishares Msci Eafe Esg (ESGD), cut from its top 50 Ishares Tr (IJH), Karman Hldgs Inc (KRMN) (-72.5% shares), Vanguard World Fd (ESGV) (-52.3% shares) and iShares 0-3 Month Treasury Bon (SGOV) (-44.9% shares), compared with its Q1 2026 filing.

When is Cambridge Associates LLC /ma/ /adv's next 13F filing due?

13F filings are due 45 days after each quarter ends. Cambridge Associates LLC /ma/ /adv's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.