CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Concentrated Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	979,806	$368,476	28.5%	$309.91	—	S&P 500 ETF SHS	922908363
VT	VANGUARD INTL EQUITY INDEX F	2,424,299	$223,254	17.3%	$80.22	—	TT WRLD ST ETF	922042742
VEA	VANGUARD TAX-MANAGED INTL FD	1,597,455	$72,157	5.6%	$43.62	—	FTSE DEV MKT ETF	921943858
AGG	ISHARES TR	526,293	$52,440	4.1%	$112.42	—	CORE US AGGBD ET	464287226
VWO	VANGUARD INTL EQUITY INDEX F	1,284,567	$51,897	4.0%	$41.94	—	FTSE EMR MKT ETF	922042858
VTIP	VANGUARD MALVERN FDS	1,033,104	$49,403	3.8%	$50.79	—	STRM INFPROIDX	922020805
VTI	VANGUARD INDEX FDS	221,565	$45,221	3.5%	$184.61	—	TOTAL STK MKT	922908769
VGLT	VANGUARD SCOTTSDALE FDS	681,233	$44,628	3.5%	$80.20	—	LONG TERM TREAS	92206C847
SPY	SPDR S&P 500 ETF TR	103,112	$42,213	3.3%	$331.98	—	TR UNIT	78462F103
VUG	VANGUARD INDEX FDS	160,330	$39,993	3.1%	$152.83	—	GROWTH ETF	922908736
GLD	SPDR GOLD TR	193,033	$35,368	2.7%	$140.29	—	GOLD SHS	78463V107
IEFA	ISHARES TR	419,429	$28,039	2.2%	$63.61	—	CORE MSCI EAFE	46432F842
IEMG	ISHARES INC	543,706	$26,527	2.1%	$54.76	—	CORE MSCI EMKT	46434G103
ACWI	ISHARES TR	278,598	$25,397	2.0%	$92.82	—	MSCI ACWI ETF	464288257
IEF	ISHARES TR	238,229	$23,613	1.8%	$112.34	—	BARCLAYS 7 10 YR	464287440
GOVT	ISHARES TR	900,637	$21,057	1.6%	$23.38	—	US TREAS BD ETF	46429B267
VONV	VANGUARD SCOTTSDALE FDS	252,747	$16,886	1.3%	$76.54	—	VNG RUS1000VAL	92206C714
IWD	ISHARES TR	102,779	$15,649	1.2%	$151.65	—	RUS 1000 VAL ETF	464287598
GNR	SPDR INDEX SHS FDS	223,130	$12,738	1.0%	$49.38	—	GLB NAT RESRCE	78463X541
BSV	VANGUARD BD INDEX FDS	130,736	$10,000	0.8%	$78.16	—	SHORT TRM BOND	921937827
IAU	ISHARES GOLD TR	243,377	$9,095	0.7%	$35.23	—	ISHARES NEW	464285204
IVV	ISHARES TR	19,766	$8,125	0.6%	$296.73	—	CORE S&P500 ETF	464287200
TIP	ISHARES TR	68,154	$7,514	0.6%	$122.99	—	TIPS BD ETF	464287176
TLT	ISHARES TR	64,739	$6,886	0.5%	$142.86	—	20 YR TR BD ETF	464287432
VTV	VANGUARD INDEX FDS	40,151	$5,545	0.4%	$133.33	—	VALUE ETF	922908744
IJR	ISHARES TR	56,372	$5,451	0.4%	$88.21	—	CORE S&P SCP ETF	464287804
ESGV	VANGUARD WORLD FD	70,259	$5,038	0.4%	$66.91	—	ESG US STK ETF	921910733
VONE	VANGUARD SCOTTSDALE FDS	25,303	$4,715	0.4%	$131.65	—	VNG RUS1000IDX	92206C730
VNQ	VANGUARD INDEX FDS	53,056	$4,406	0.3%	$83.23	—	REAL ESTATE ETF	922908553
IWM	ISHARES TR	24,225	$4,322	0.3%	$185.44	—	RUSSELL 2000 ETF	464287655
USMV	ISHARES TR	59,435	$4,201	0.3%	$72.14	—	MSCI USA MIN VOL	46429B697
USRT	ISHARES TR	80,120	$4,038	0.3%	$64.65	—	CRE U S REIT ETF	464288521
VGIT	VANGUARD SCOTTSDALE FDS	47,732	$2,862	0.2%	$61.36	—	INTER TERM TREAS	92206C706
SCHO	SCHWAB STRATEGIC TR	49,693	$2,425	0.2%	$51.17	—	SHT TM US TRES	808524862
STIP	ISHARES TR	23,967	$2,378	0.2%	$100.13	—	0-5 YR TIPS ETF	46429B747
VTWO	VANGUARD SCOTTSDALE FDS	30,914	$2,228	0.2%	$82.84	—	VNG RUS2000VAL	92206C664
VDE	VANGUARD WORLD FDS	19,309	$2,206	0.2%	$121.28	—	ENERGY ETF	92204A306
—	WORLD GOLD TR	51,396	$2,010	0.2%	$32.98	—	SPDR GLD MINIS	98149E204
SCHR	SCHWAB STRATEGIC TR	19,842	$1,001	0.1%	$54.18	—	INTRM TRM TRES	808524854
EWC	ISHARES INC	24,128	$825	0.1%	$34.18	—	MSCI CDA ETF	464286509
ISRA	VANECK VECTORS ETF TR	15,615	$561	0.0%	$4.30	—	ISRAEL ETF	92189F635
ESGU	ISHARES TR	4,544	$411	0.0%	$90.45	—	ESG AWR MSCI USA	46435G425
ESGD	ISHARES TR	4,329	$311	0.0%	$71.84	—	ESG AW MSCI EAFE	46435G516
SHY	ISHARES TR	3,655	$300	0.0%	$82.05	—	1 3 YR TREAS BD	464287457