Q2 2026 13F · SEC CIK 1424799

Nepc LLC

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

Reported 13F value: $5.4B
Reported positions: 53
Top holdings a year, 3 yrs: +5.9%
Assets under management: $152.7B

Nepc LLC is an institutional asset manager that reported 53 positions worth $5.4B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Vanguard S&p 500 ETF (VOO, 12.1%), Vanguard Scottsdale Fds (VCIT, 11.4%), Vanguard Intermediate Treasury ETF (VGIT, 9.3%). A portfolio copying its top holdings returned 5.9% a year over the last 3 years, against 18.8% for the S&P 500.

Nepc LLC holdings largest 50 of 53 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.

Nepc LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
VOOVanguard S&p 500 ETF	12.1%	11.6%	941,895	-3.7%	$646.9M
VCITVanguard Scottsdale Fds	11.4%	10.5%	7,419,110	+16.1%	$613.2M
VGITVanguard Intermediate Treasury ETF	9.3%	9.6%	8,475,832	+4.2%	$499.9M
VCSHVanguard Scottsdale Fds	9.2%	9.6%	6,254,317	+3.1%	$494.3M
VGLTVanguard Long-Term Treasury ETF Total	9.1%	9.3%	8,860,856	+5.4%	$488.9M
VTCVanguard Total Corporate Bond ETF	7.1%	7.2%	4,943,439	+5.6%	$379.7M
VEAVanguard Tax-Managed Fds	5.7%	5.7%	4,298,995	-4.2%	$306.3M
SCHPSchwab Strategic Tr	4.1%	4.2%	8,321,737	+4.7%	$220.5M
USHYIshares Tr	3.6%	3.8%	5,230,809	+0.0%	$193.6M
VWOVanguard Intl Equity Index F	3.4%	3.2%	3,017,415	+0.0%	$180.1M
VCRBVanguard Malvern Fds	3.3%	3.6%	2,299,200	-1.4%	$177.6M
VXFVanguard Index Fds	2.8%	2.6%	605,088	-3.4%	$149.0M
VTVVanguard Value ETF	2.6%	2.8%	648,293	-8.0%	$141.3M
VTVanguard Total World Stock Index Fund Et	2.3%	2.4%	800,713	-9.2%	$125.7M
VGSHVanguard Short-Term Treasury ETF Total	2.2%	2.3%	1,993,299	+0.0%	$116.0M
SHYGIshares Tr	2.1%	2.2%	2,632,283	+0.0%	$111.6M
REETIshares Tr	1.1%	1.0%	2,080,016	+0.0%	$57.5M
GLDMWorld Gold Tr	1.0%	1.0%	664,100	+28.6%	$52.7M
IGFIshares Global Infrastructure	1.0%	1.0%	781,673	+0.0%	$52.1M
BCIAbrdn Etfs	1.0%	1.1%	2,308,438	+0.0%	$51.6M
GNRState Street Spdr S&p Global Natural Res	0.9%	1.1%	731,730	+0.0%	$49.3M
SPBOState Street ETF/USA	0.9%	0.4%	1,669,124	+130.5%	$48.5M
SPYSpdr S&p 500 ETF Tr	0.5%	0.5%	33,248	-16.9%	$24.8M
IEFAIshares Core Msci Eafe ETF	0.5%	0.5%	253,188	+0.0%	$24.5M
IWVIshares Russell 3000 Index	0.4%	0.3%	46,031	+0.0%	$19.6M
SPHYSpdr Series Trust	0.3%	0.2%	750,656	+127.3%	$17.6M
IEMGIshares	0.3%	0.3%	183,589	+0.0%	$15.2M
IWMIshares	0.3%	0.3%	45,557	-10.5%	$13.7M
TOVEa Series Trust	0.2%	0.2%	404,606	-6.1%	$12.8M
EFAiShs MSCI EAFE	0.2%	0.2%	108,493	-10.6%	$11.3M
IVVIshares Core S&p 500 ETF	0.2%	0.2%	13,913	+0.2%	$10.4M
HEFAIShares Currency Hedged MSCI EAFE ETF	0.2%	0.2%	204,177	-15.3%	$9.6M
EAGGIshares Tr	0.1%	0.1%	130,692	+0.0%	$6.2M
IJHIshares Tr	0.1%	0.1%	75,763	+0.2%	$5.8M
IJRIshares Core S&p Small Cap ETF	0.1%	0.1%	33,886	+0.2%	$5.0M
EISIshares Inc	0.1%	0.1%	36,534	+17.6%	$4.4M
ITOTIshares Total US Stock Market ETF	0.1%	0.1%	25,076	+0.0%	$4.1M
VTIPVanguard Malvern Fds	0.1%	0.1%	65,564	+0.0%	$3.3M
EFAXSpdr Msci Eafa Fossil Fuel	0.1%	0.1%	53,260	+0.0%	$2.9M
EEMIshares	0.0%	0.1%	36,131	-37.7%	$2.5M
IYRiShares US Real Estate ETF	0.0%	0.0%	22,426	+0.5%	$2.3M
ESGUIshares Msci Usa Esg	0.0%	0.0%	13,905	+0.0%	$2.3M
SUSAiShares MSCI USA ESG Select ETF	0.0%	0.0%	9,903	+0.0%	$1.5M
ESGDIshares Msci Eafe Esg	0.0%	0.0%	13,340	+0.0%	$1.4M
SNPEDbx ETF Tr	0.0%	0.0%	9,245	+0.0%	$637K
VSSVanguard Intl Equity Index F	0.0%	0.0%	2,768	-74.6%	$427K
ITAIshares U.s. Aerospace & Defense ETF	0.0%	—	1,000	—	$242K
SPLGSpdr Series Trust	0.0%	0.0%	1,387	-3.5%	$122K
VXUSVanguard Star Fds Vanguard Total Intl St	0.0%	0.0%	759	-7.6%	$65K
AGGIshares Tr	0.0%	—	362	—	$36K

What Nepc LLC 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: +6.3% /yr; S&P 500 +20.1%
3 years: +5.9% /yr; S&P 500 +18.8%
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	$5.4B	53
Q1 2026	$5.0B	51
Q4 2025	$4.7B	51
Q3 2025	$3.8B	49
Q2 2025	$3.9B	49
Q1 2025	$3.6B	46
Q4 2024	$3.7B	47
Q3 2024	$3.3B	41
Q2 2024	$3.0B	41
Q1 2024	$2.9B	40
Q4 2023	$1.8B	38
Q3 2023	$1.6B	42

Questions about Nepc LLC's portfolio

What stocks does Nepc LLC own?

Nepc LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 53 positions worth $5.4B. The largest are Vanguard S&p 500 ETF (VOO) at 12.1%, Vanguard Scottsdale Fds (VCIT) at 11.4%, Vanguard Intermediate Treasury ETF (VGIT) at 9.3%, Vanguard Scottsdale Fds (VCSH) at 9.2% and Vanguard Long-Term Treasury ETF Total (VGLT) at 9.1%.

What did Nepc LLC buy last quarter?

In Q2 2026, Nepc LLC added State Street ETF/USA (SPBO) (+130.5% shares), Spdr Series Trust (SPHY) (+127.3% shares) and World Gold Tr (GLDM) (+28.6% shares), compared with its Q1 2026 filing.

What did Nepc LLC sell last quarter?

In Q2 2026, Nepc LLC cut from its top 50 Vanguard Tx Ex Bd (VTEB), cut from its top 50 Vanguard Wellington Fd (VTES), Vanguard Intl Equity Index F (VSS) (-74.6% shares), Ishares (EEM) (-37.7% shares) and Spdr S&p 500 ETF Tr (SPY) (-16.9% shares), compared with its Q1 2026 filing.

How has Nepc LLC's portfolio performed?

A portfolio copying Nepc LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +5.9% a year over the last 3 years, against +18.8% for the S&P 500. Over 1 year: +6.3% against +20.1%.

When is Nepc LLC's next 13F filing due?

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

How much money does Nepc LLC manage?

Nepc LLC reported $152.7B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $5.4B.