# PARTNERS CAPITAL INVESTMENT GROUP, LLP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1694870. Source: https://holderbook.com/funds/1694870-partners-capital-investment-group-llp/

- Reported value: $2.8B
- Positions: 186
- Weight of the ten largest: 60.5%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $549.1M | 733,194 | 19.4% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $176.4M | 2,129,728 | 6.2% | 31 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $162.3M | 2,789,417 | 5.7% | 31 |
| ISHARES TR | [HEFA](https://holderbook.com/stocks/HEFA/) | $160.5M | 3,419,467 | 5.7% | 31 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $151.8M | 696,729 | 5.4% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $114.4M | 166,503 | 4.0% | 26 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $106.9M | 1,044,702 | 3.8% | 16 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $103.7M | 1,014,965 | 3.7% | 17 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $95.3M | 606,900 | 3.4% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $93.3M | 966,288 | 3.3% | 28 |
| DBX ETF TR | [DBJP](https://holderbook.com/stocks/DBJP/) | $71.8M | 625,798 | 2.5% | 31 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $69.3M | 421,882 | 2.4% | 22 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $63.6M | 632,080 | 2.2% | 13 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $62.8M | 574,221 | 2.2% | 31 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $48.5M | 513,242 | 1.7% | 31 |
| ISHARES TR | [REET](https://holderbook.com/stocks/REET/) | $45.1M | 1,631,844 | 1.6% | 31 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $39.7M | 673,161 | 1.4% | 22 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $37.9M | 241,678 | 1.3% | 26 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $36.7M | 49,196 | 1.3% | 31 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $36.7M | 49,196 | 1.3% | 6 |
| ISHARES GOLD TRUST | [IAUXXXX](https://holderbook.com/stocks/IAUXXXX/) | $30.0M | 397,825 | 1.1% | 31 |
| ISHARES INC | [LEMB](https://holderbook.com/stocks/LEMB/) | $22.3M | 524,424 | 0.8% | 3 |
| WISDOMTREE TR | [DXJ](https://holderbook.com/stocks/DXJ/) | $20.5M | 118,136 | 0.7% | 31 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $20.2M | 189,853 | 0.7% | 17 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $20.1M | 165,262 | 0.7% | 14 |
| ISHARES TR | [HEWJ](https://holderbook.com/stocks/HEWJ/) | $19.1M | 295,885 | 0.7% | 25 |
| ISHARES TR | [HAWX](https://holderbook.com/stocks/HAWX/) | $18.6M | 400,263 | 0.7% | 6 |
| SPDR SERIES TRUST | [SPYX](https://holderbook.com/stocks/SPYX/) | $17.8M | 291,227 | 0.6% | 20 |
| COLUMBIA ETF TR II | [XCEM](https://holderbook.com/stocks/XCEM/) | $16.9M | 320,043 | 0.6% | 11 |
| VANECK ETF TRUST | [EMLC](https://holderbook.com/stocks/EMLC/) | $16.5M | 645,385 | 0.6% | 2 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $15.7M | 191,523 | 0.6% | 27 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $15.2M | 162,538 | 0.5% | 14 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $13.8M | 143,539 | 0.5% | 23 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $13.4M | 146,466 | 0.5% | 16 |
| TCW ETF TRUST | [PWRD](https://holderbook.com/stocks/PWRD/) | $13.0M | 105,393 | 0.5% | 5 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $12.8M | 29,975 | 0.5% | 28 |
| SPDR SERIES TRUST | [BILS](https://holderbook.com/stocks/BILS/) | $11.2M | 113,143 | 0.4% | 14 |
| DBX ETF TR | [DBEF](https://holderbook.com/stocks/DBEF/) | $11.0M | 200,905 | 0.4% | 20 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $10.9M | 205,262 | 0.4% | 6 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $9.6M | 260,361 | 0.3% | 16 |
| VANECK ETF TRUST | [ISRA](https://holderbook.com/stocks/ISRA/) | $9.6M | 147,257 | 0.3% | 8 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $8.4M | 11,365 | 0.3% | 17 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $8.1M | 102,742 | 0.3% | 1 |
| ISHARES TR | [MCHI](https://holderbook.com/stocks/MCHI/) | $7.6M | 149,450 | 0.3% | 13 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $7.1M | 60,622 | 0.3% | 14 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $7.1M | 19,106 | 0.2% | 17 |
| ISHARES INC | [EPP](https://holderbook.com/stocks/EPP/) | $6.5M | 122,547 | 0.2% | 14 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $6.5M | 58,476 | 0.2% | 10 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $6.4M | 94,056 | 0.2% | 4 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $6.0M | 27,341 | 0.2% | 17 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.6M | 15,635 | 0.2% | 17 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $5.4M | 11,369 | 0.2% | 8 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $5.1M | 8,118 | 0.2% | 7 |
| MASTEC INC | [MTZ](https://holderbook.com/stocks/MTZ/) | $4.8M | 11,648 | 0.2% | 3 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $4.5M | 12,310 | 0.2% | 31 |
| LINDE PLC | [LINXXXX](https://holderbook.com/stocks/LINXXXX/) | $4.4M | 8,545 | 0.2% | 6 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $4.3M | 41,861 | 0.2% | 5 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $4.2M | 248,360 | 0.1% | 6 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $4.1M | 3,658 | 0.1% | 4 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $4.1M | 37,977 | 0.1% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.0M | 7,149 | 0.1% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VPL](https://holderbook.com/stocks/VPL/) | $4.0M | 34,509 | 0.1% | 6 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $3.9M | 24,119 | 0.1% | 22 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $3.9M | 18,256 | 0.1% | 6 |
| Novartis AG | - | $3.8M | 24,335 | 0.1% | 6 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $3.5M | 60,405 | 0.1% | 16 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $3.5M | 10,524 | 0.1% | 4 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $3.3M | 10,839 | 0.1% | 12 |
| VULCAN MATLS CO | [VMC](https://holderbook.com/stocks/VMC/) | $3.2M | 10,942 | 0.1% | 18 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $3.2M | 2,416 | 0.1% | 31 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $3.1M | 62,524 | 0.1% | 21 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.1M | 9,139 | 0.1% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $3.1M | 8,217 | 0.1% | 6 |
| NEWS CORP NEW | [NWSA](https://holderbook.com/stocks/NWSA/) | $3.1M | 123,199 | 0.1% | 6 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $3.0M | 32,995 | 0.1% | 5 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $2.9M | 29,558 | 0.1% | 6 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $2.8M | 13,933 | 0.1% | 3 |
| DOMINOS PIZZA INC | [DPZ](https://holderbook.com/stocks/DPZ/) | $2.8M | 9,428 | 0.1% | 1 |
| ISHARES TR | [REZ](https://holderbook.com/stocks/REZ/) | $2.7M | 28,990 | 0.1% | 16 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $2.6M | 15,360 | 0.1% | 1 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $2.6M | 4,020 | 0.1% | 5 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $2.4M | 5,972 | 0.1% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.4M | 6,814 | 0.1% | 6 |
| DBX ETF TR | [DBEU](https://holderbook.com/stocks/DBEU/) | $2.4M | 44,415 | 0.1% | 31 |
| INVESCO EXCH TRADED FD TR II | [CQQQ](https://holderbook.com/stocks/CQQQ/) | $2.4M | 41,841 | 0.1% | 6 |
| ISHARES INC | [URTH](https://holderbook.com/stocks/URTH/) | $2.4M | 11,757 | 0.1% | 15 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $2.4M | 19,090 | 0.1% | 6 |
| IGM FINANCIAL IN | [IGIFF](https://holderbook.com/stocks/IGIFF/) | $2.2M | 13,553 | 0.1% | 5 |
| ISHARES TR | [IGM](https://holderbook.com/stocks/IGM/) | $2.2M | 13,553 | 0.1% | 5 |
| SEAGATE TECHNOLOGY PLC | [STXXXXX](https://holderbook.com/stocks/STXXXXX/) | $2.2M | 2,254 | 0.1% | 5 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $2.2M | 2,254 | 0.1% | 5 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $2.2M | 23,771 | 0.1% | 1 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $2.0M | 12,931 | 0.1% | 16 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $2.0M | 22,081 | 0.1% | 5 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $1.9M | 7,200 | 0.1% | 17 |
| GLOBAL X FDS | [BUG](https://holderbook.com/stocks/BUG/) | $1.9M | 48,711 | 0.1% | 2 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $1.7M | 42,910 | 0.1% | 15 |
| ISHARES TR | [AOR](https://holderbook.com/stocks/AOR/) | $1.7M | 24,421 | 0.1% | 3 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $1.7M | 3,120 | 0.1% | 6 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.7M | 15,321 | 0.1% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.2% | +14.8% | -4.6% | 99% |
| Q1 2026 | -0.6% | -4.6% | +4.0% | 99% |
| Q4 2025 | +2.1% | +2.4% | -0.2% | 99% |
| Q3 2025 | +5.8% | +7.8% | -2.0% | 99% |
| Q2 2025 | +7.5% | +10.5% | -3.0% | 96% |
| Q1 2025 | -1.3% | -4.6% | +3.3% | 95% |
| Q4 2024 | -1.2% | +2.1% | -3.3% | 96% |
| Q3 2024 | +4.4% | +5.4% | -1.0% | 91% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.8B | 186 |
| Q1 2026 | $2.7B | 174 |
| Q4 2025 | $2.7B | 166 |
| Q3 2025 | $2.5B | 162 |
| Q2 2025 | $2.5B | 161 |
| Q1 2025 | $5.9B | 182 |
| Q4 2024 | $3.6B | 125 |
| Q3 2024 | $6.3B | 176 |
| Q2 2024 | $5.9B | 185 |
| Q1 2024 | $3.7B | 140 |
| Q4 2023 | $4.6B | 273 |
| Q3 2023 | $4.2B | 243 |