CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Concentrated Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	2,384,296	$1,225,314	35.0%	$443.59	—	S&P 500 ETF SHS	922908363
VT	VANGUARD INTL EQUITY INDEX F	4,789,871	$555,386	15.9%	$97.18	—	TT WRLD ST ETF	922042742
VTIP	VANGUARD MALVERN FDS	4,247,177	$211,934	6.1%	$48.91	—	STRM INFPROIDX	922020805
VGIT	VANGUARD SCOTTSDALE FDS	3,026,348	$179,765	5.1%	$58.96	—	INTER TERM TREAS	92206C706
VEA	VANGUARD TAX-MANAGED INTL FD	3,218,144	$163,578	4.7%	$46.37	—	FTSE DEV MKT ETF	921943858
VTI	VANGUARD INDEX FDS	561,534	$154,332	4.4%	$243.56	—	TOTAL STK MKT	922908769
VGLT	VANGUARD SCOTTSDALE FDS	2,069,208	$119,207	3.4%	$65.34	—	LONG TERM TREAS	92206C847
VWO	VANGUARD INTL EQUITY INDEX F	2,282,415	$103,302	3.0%	$43.54	—	FTSE EMR MKT ETF	922042858
AGG	ISHARES TR	914,509	$90,463	2.6%	$103.15	—	CORE US AGGBD ET	464287226
IVV	ISHARES TR	147,847	$83,075	2.4%	$545.24	—	CORE S&P500 ETF	464287200
QUAL	ISHARES TR	343,760	$58,745	1.7%	$170.78	—	MSCI USA QLT FCT	46432F339
IEFA	ISHARES TR	598,189	$45,253	1.3%	$68.17	—	CORE MSCI EAFE	46432F842
IWB	ISHARES TR	143,760	$44,097	1.3%	$297.54	—	RUS 1000 ETF	464287622
IEMG	ISHARES INC	784,634	$42,347	1.2%	$52.91	—	CORE MSCI EMKT	46434G103
VUG	VANGUARD INDEX FDS	106,315	$39,424	1.1%	$152.83	—	GROWTH ETF	922908736
VONV	VANGUARD SCOTTSDALE FDS	475,879	$39,279	1.1%	$69.58	—	VNG RUS1000VAL	92206C714
IAU	ISHARES GOLD TR	560,628	$33,055	0.9%	$42.10	—	ISHARES NEW	464285204
VXUS	VANGUARD STAR FDS	527,342	$32,748	0.9%	$60.19	—	VG TL INTL STK F	921909768
VGSH	VANGUARD SCOTTSDALE FDS	474,526	$27,850	0.8%	$58.90	—	SHORT TERM TREAS	92206C102
ACWI	ISHARES TR	238,733	$27,786	0.8%	$106.82	—	MSCI ACWI ETF	464288257
VDE	VANGUARD WORLD FDS	167,408	$21,714	0.6%	$123.37	—	ENERGY ETF	92204A306
GOVT	ISHARES TR	908,045	$20,871	0.6%	$23.02	—	US TREAS BD ETF	46429B267
VONG	VANGUARD SCOTTSDALE FDS	206,440	$19,156	0.5%	$89.92	—	VNG RUS1000GRW	92206C680
IEF	ISHARES TR	192,708	$18,379	0.5%	$107.18	—	BARCLAYS 7 10 YR	464287440
GNR	SPDR INDEX SHS FDS	309,990	$16,507	0.5%	$51.02	—	GLB NAT RESRCE	78463X541
VTV	VANGUARD INDEX FDS	81,110	$14,011	0.4%	$151.89	—	VALUE ETF	922908744
BND	VANGUARD BD INDEX FDS	182,733	$13,422	0.4%	$73.31	—	TOTAL BND MRKT	921937835
ESGV	VANGUARD WORLD FD	127,632	$12,502	0.4%	$99.72	—	ESG US STK ETF	921910733
TIP	ISHARES TR	110,883	$12,318	0.4%	$108.01	—	TIPS BD ETF	464287176
SPY	SPDR S&P 500 ETF TR	21,142	$11,827	0.3%	$457.31	—	TR UNIT	78462F103
EFA	ISHARES TR	127,639	$10,432	0.3%	$78.33	—	MSCI EAFE ETF	464287465
VIOO	VANGUARD ADMIRAL FDS INC	87,956	$8,489	0.2%	$93.03	—	SMLLCP 600 IDX	921932828
BSV	VANGUARD BD INDEX FDS	88,603	$6,936	0.2%	$78.32	—	SHORT TRM BOND	921937827
USMV	ISHARES TR	65,881	$6,168	0.2%	$72.40	—	MSCI USA MIN VOL	46429B697
VNQ	VANGUARD INDEX FDS	62,903	$5,695	0.2%	$85.18	—	REAL ESTATE ETF	922908553
VSGX	VANGUARD WORLD FD	76,183	$4,493	0.1%	$54.39	—	ESG INTL STK ETF	921910725
IWV	ISHARES TR	14,063	$4,467	0.1%	$279.92	—	RUSSELL 3000 ETF	464287689
VTEB	VANGUARD MUN BD FDS	59,172	$2,936	0.1%	$50.13	—	TAX EXEMPT BD	922907746
STIP	ISHARES TR	26,871	$2,780	0.1%	$99.45	—	0-5 YR TIPS ETF	46429B747
AVSC	AMERICAN CENTY ETF TR	55,103	$2,667	0.1%	$49.14	—	AVANTIS US SMALL	025072323
ISTB	ISHARES TR	47,033	$2,274	0.1%	$47.82	—	CORE 1 5 YR USD	46432F859
GLDM	WORLD GOLD TR	30,631	$1,896	0.1%	$52.13	—	SPDR GLD MINIS	98149E303
IGLB	ISHARES TR	20,000	$1,005	0.0%	$50.23	—	10+ YR INVST GRD	464289511
EWC	ISHARES INC	20,200	$823	0.0%	$39.10	—	MSCI CDA ETF	464286509
ISRA	VANECK VECTORS ETF TR	15,615	$659	0.0%	$4.30	—	ISRAEL ETF	92189F635
GLD	SPDR GOLD TR	2,196	$633	0.0%	$144.83	—	GOLD SHS	78463V107
URA	GLOBAL X FDS	19,100	$438	0.0%	$28.83	—	GLOBAL X URANIUM	37954Y871
TLT	ISHARES TR	2,749	$250	0.0%	$131.81	—	20 YR TR BD ETF	464287432