# CAMBRIDGE ASSOCIATES LLC /MA/ /ADV

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 733986. Source: https://holderbook.com/funds/733986-cambridge-associates-llc-ma-adv/

- Reported value: $6.9B
- Positions: 56
- Weight of the ten largest: 84.2%
- Filed: 2026-08-14

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 |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.9B | 2,754,197 | 27.3% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $1.4B | 9,031,741 | 20.5% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $672.0M | 9,431,210 | 9.7% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $621.3M | 1,678,930 | 9.0% | 31 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $373.5M | 6,332,861 | 5.4% | 18 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $285.5M | 5,683,131 | 4.1% | 27 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $184.1M | 3,083,657 | 2.7% | 31 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $150.8M | 2,732,359 | 2.2% | 27 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $129.5M | 1,308,098 | 1.9% | 31 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $106.8M | 1,835,215 | 1.5% | 8 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $94.7M | 126,494 | 1.4% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $87.8M | 909,003 | 1.3% | 12 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $70.4M | 850,353 | 1.0% | 12 |
| AMERICAN CENTY ETF TR | [AVSC](https://holderbook.com/stocks/AVSC/) | $70.0M | 954,982 | 1.0% | 10 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $56.3M | 767,510 | 0.8% | 13 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $54.2M | 509,576 | 0.8% | 31 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $53.4M | 707,800 | 0.8% | 20 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $50.9M | 124,298 | 0.7% | 9 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $46.5M | 540,084 | 0.7% | 31 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $34.9M | 222,227 | 0.5% | 12 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $34.7M | 146,581 | 0.5% | 2 |
| ISHARES TR | [IDEV](https://holderbook.com/stocks/IDEV/) | $34.6M | 388,432 | 0.5% | 2 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $33.6M | 153,029 | 0.5% | 9 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $29.5M | 378,196 | 0.4% | 31 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $25.7M | 201,440 | 0.4% | 12 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $24.6M | 244,364 | 0.4% | 4 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $24.3M | 161,826 | 0.4% | 15 |
| VANECK ETF TRUST | [BIZD](https://holderbook.com/stocks/BIZD/) | $24.1M | 1,907,532 | 0.3% | 4 |
| ADVISORS INNER CIRCLE FD III | [GQGU](https://holderbook.com/stocks/GQGU/) | $22.2M | 875,949 | 0.3% | 4 |
| DOUBLELINE ETF TRUST | [DMBS](https://holderbook.com/stocks/DMBS/) | $21.7M | 441,639 | 0.3% | 3 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $20.2M | 184,819 | 0.3% | 30 |
| EA SERIES TRUST | [TOV](https://holderbook.com/stocks/TOV/) | $19.7M | 626,403 | 0.3% | 5 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $19.2M | 202,783 | 0.3% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $17.2M | 23,071 | 0.2% | 31 |
| SPDR INDEX SHS FDS | [GNR](https://holderbook.com/stocks/GNR/) | $15.5M | 229,803 | 0.2% | 31 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $13.4M | 101,457 | 0.2% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $13.0M | 61,010 | 0.2% | 4 |
| VANGUARD ADMIRAL FDS INC | [VIOO](https://holderbook.com/stocks/VIOO/) | $11.8M | 85,513 | 0.2% | 12 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $10.0M | 98,340 | 0.1% | 29 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $9.1M | 94,533 | 0.1% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $7.9M | 26,269 | 0.1% | 3 |
| ISHARES TR | [AOK](https://holderbook.com/stocks/AOK/) | $7.1M | 170,773 | 0.1% | 1 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $6.2M | 14,597 | 0.1% | 11 |
| GMO ETF TRUST | [QLTY](https://holderbook.com/stocks/QLTY/) | $6.2M | 148,114 | 0.1% | 1 |
| VANGUARD SCOTTSDALE FDS | [VONE](https://holderbook.com/stocks/VONE/) | $4.7M | 13,818 | 0.1% | 4 |
| KARMAN HLDGS INC | [KRMN](https://holderbook.com/stocks/KRMN/) | $3.4M | 68,493 | 0.0% | 4 |
| TIDAL TRUST I | [JSTC](https://holderbook.com/stocks/JSTC/) | $3.4M | 148,918 | 0.0% | 3 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $2.9M | 57,113 | 0.0% | 4 |
| 2023 ETF SERIES TRUST | [EAGL](https://holderbook.com/stocks/EAGL/) | $2.7M | 84,697 | 0.0% | 1 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $2.6M | 31,570 | 0.0% | 13 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.6M | 19,968 | 0.0% | 4 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.3M | 12,198 | 0.0% | 4 |
| VANECK ETF TRUST | [ISRA](https://holderbook.com/stocks/ISRA/) | $1.0M | 15,615 | 0.0% | 31 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $982.0K | 29,497 | 0.0% | 3 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $677.1K | 14,033 | 0.0% | 11 |
| ISHARES INC | [EWC](https://holderbook.com/stocks/EWC/) | $545.9K | 9,471 | 0.0% | 12 |

## 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 | +10.4% | +14.8% | -4.4% | 100% |
| Q1 2026 | -1.7% | -4.6% | +2.9% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.6% | 100% |
| Q3 2025 | +5.8% | +7.8% | -2.0% | 100% |
| Q2 2025 | +8.2% | +10.5% | -2.2% | 100% |
| Q1 2025 | -1.3% | -4.6% | +3.3% | 100% |
| Q4 2024 | -1.8% | +2.1% | -3.9% | 100% |
| Q3 2024 | +5.6% | +5.4% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $6.9B | 56 |
| Q1 2026 | $6.3B | 64 |
| Q4 2025 | $6.2B | 61 |
| Q3 2025 | $5.5B | 53 |
| Q2 2025 | $4.6B | 48 |
| Q1 2025 | $3.5B | 48 |
| 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 |