CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Concentrated Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VT	VANGUARD INTL EQUITY INDEX F	4,002,913	$257,796	23.8%	$65.96	—	TT WRLD ST ETF	922042742
VOO	VANGUARD INDEX FDS	815,258	$179,065	16.5%	$220.11	—	S&P 500 ETF SHS	922908363
VEA	VANGUARD TAX-MANAGED INTL FD	4,552,231	$163,718	15.1%	$41.45	—	FTSE DEV MKT ETF	921943858
IVV	ISHARES TR	164,231	$46,160	4.3%	$270.68	—	CORE S&P500 ETF	464287200
GLD	SPDR GOLD TRUST	312,512	$46,141	4.3%	$120.78	—	GOLD SHS	78463V107
IEMG	ISHARES INC	1,031,312	$38,621	3.6%	$44.76	—	CORE MSCI EMKT	46434G103
VUG	VANGUARD INDEX FDS	208,275	$32,694	3.0%	$132.52	—	GROWTH ETF	922908736
VGLT	VANGUARD SCOTTSDALE FDS	262,369	$25,111	2.3%	$85.18	—	LONG TERM TREAS	92206C847
VWO	VANGUARD INTL EQUITY INDEX F	715,329	$24,719	2.3%	$37.12	—	FTSE EMR MKT ETF	922042858
VXUS	VANGUARD STAR FDS	420,127	$21,000	1.9%	$49.98	—	VG TL INTL STK F	921909768
GOVT	ISHARES TR	688,654	$19,288	1.8%	$26.43	—	US TREAS BD ETF	46429B267
AGG	ISHARES TR	145,420	$19,237	1.8%	$108.48	—	CORE US AGGBD ET	464287226
VNQ	VANGUARD INDEX FDS	205,195	$16,149	1.5%	$83.88	—	REAL ESTATE ETF	922908553
IEF	ISHARES TR	119,854	$15,834	1.5%	$105.20	—	BARCLAYS 7 10 YR	464287440
GNR	SPDR INDEX SHS FDS	442,089	$15,215	1.4%	$46.19	—	GLB NAT RESRCE	78463X541
VTI	VANGUARD INDEX FDS	109,631	$14,521	1.3%	$134.09	—	TOTAL STK MKT	922908769
ACWI	ISHARES TR	221,440	$13,905	1.3%	$66.44	—	MSCI ACWI ETF	464288257
VTIP	VANGUARD MALVERN FDS	254,997	$12,423	1.1%	$49.28	—	VANGUARD MALVERN FDS	922020805
VONE	VANGUARD SCOTTSDALE FDS	95,423	$11,187	1.0%	$123.26	—	VNG RUS1000IDX	92206C730
VONV	VANGUARD SCOTTSDALE FDS	111,192	$9,754	0.9%	$104.59	—	VNG RUS1000VAL	92206C714
SCHO	SCHWAB STRATEGIC TR	191,050	$9,702	0.9%	$50.78	—	SHT TM US TRES	808524862
BND	VANGUARD BD INDEX FDS	97,647	$8,387	0.8%	$85.89	—	TOTAL BND MRKT	921937835
TIP	ISHARES TR	58,845	$8,311	0.8%	$123.01	—	TIPS BD ETF	464287176
EZA	ISHARES INC	202,064	$8,139	0.8%	$62.98	—	MSCI STH AFR ETF	464286780
SPY	SPDR S&P 500 ETF TR	29,775	$7,904	0.7%	$274.90	—	TR UNIT	78462F103
ESGV	VANGUARD WORLD FD	150,283	$6,881	0.6%	$43.44	—	ESG US STK ETF	921910733
VSGX	VANGUARD WORLD FD	153,901	$6,333	0.6%	$45.31	—	ESG INTL STK ETF	921910725
STIP	ISHARES TR	62,027	$6,196	0.6%	$100.29	—	0-5 YR TIPS ETF	46429B747
EDV	VANGUARD WORLD FD	31,454	$5,232	0.5%	$141.30	—	EXTENDED DUR	921910709
IEFA	ISHARES TR	144,080	$4,521	0.4%	$37.10	—	CORE MSCI EAFE	46432F842
TLH	ISHARES TR	23,206	$4,491	0.4%	$137.55	—	10-20 YR TRS ETF	464288653
VCLT	VANGUARD SCOTTSDALE FDS	44,675	$4,351	0.4%	$91.53	—	LG-TERM COR BD	92206C813
SCHR	SCHWAB STRATEGIC TR	67,055	$3,592	0.3%	$55.15	—	INTRM TRM TRES	808524854
MDY	SPDR S&P MIDCAP 400 ETF TR	10,174	$3,362	0.3%	$280.70	—	UTSER1 S&PDCRP	78467Y107
BSV	VANGUARD BD INDEX FDS	38,964	$2,959	0.3%	$79.45	—	SHORT TRM BOND	921937827
—	ISHARES GOLD TRUST	187,005	$2,818	0.3%	$13.88	—	ISHARES	464285105
—	ALPS ETF TR	396,097	$2,443	0.2%	$7.88	—	ALERIAN MLP	00162Q866
HEFA	ISHARES TR	93,577	$2,265	0.2%	$27.52	—	HDG MSCI EAFE	46434V803
EEM	ISHARES TR	110,236	$2,014	0.2%	$18.27	—	MSCI EMG MKT ETF	464287234
EWC	ISHARES INC	52,882	$920	0.1%	$23.54	—	MSCI CDA ETF	464286509
ISRA	VANECK VECTORS ETF TR	15,615	$522	0.0%	$28.05	—	ISRAEL ETF	92189F635
TLT	ISHARES TR	1,636	$256	0.0%	$156.48	—	20 YR TR BD ETF	464287432