CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Concentrated Active

Location: BOSTON, MA

CIK: 0000733986 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 13, 2026

Total Value ($000): $6,308,123 (100.0% shares, 0.0% debt)

Holdings (64)

New Positions (4)

VIG VANGUARD SPECIALIZED FUNDS 0.7%

Value ($000) $44,798 Shares 208,306 Est. Cost $215.06 Unrealized —

IDEV ISHARES TR 0.3%

Value ($000) $20,116 Shares 240,714 Est. Cost $83.57 Unrealized —

IJH ISHARES TR 0.0%

Value ($000) $1,759 Shares 26,049 Est. Cost $67.53 Unrealized —

BKLN INVESCO EXCH TRADED FD TR II 0.0%

Value ($000) $1,470 Shares 72,046 Est. Cost $20.41 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VIG	VANGUARD SPECIALIZED FUNDS	208,306	$44,798	0.7%	$215.06	—	DIV APP ETF	921908844
IDEV	ISHARES TR	240,714	$20,116	0.3%	$83.57	—	CORE MSCI INTL	46435G326
IJH	ISHARES TR	26,049	$1,759	0.0%	$67.53	—	CORE S&P MCP ETF	464287507
BKLN	INVESCO EXCH TRADED FD TR II	72,046	$1,470	0.0%	$20.41	—	SR LN ETF	46138G508

Increased Positions (20)

VGIT VANGUARD SCOTTSDALE FDS 5.8%

Value ($000) $364,664 (+8.4%) Shares 6,123,657 (+9.1%) Est. Cost $59.43 Unrealized —

VGSH VANGUARD SCOTTSDALE FDS 1.6%

Value ($000) $97,994 (+38.8%) Shares 1,673,967 (+39.3%) Est. Cost $58.59 Unrealized —

IVV ISHARES TR 1.6%

Value ($000) $101,928 (+23.8%) Shares 156,041 (+29.8%) Est. Cost $581.12 Unrealized —

IEMG ISHARES INC 1.1%

Value ($000) $68,956 (+30.4%) Shares 988,613 (+25.7%) Est. Cost $58.15 Unrealized —

TIP ISHARES TR 0.4%

Value ($000) $28,216 (+106.7%) Shares 255,669 (+105.9%) Est. Cost $110.22 Unrealized —

IEFA ISHARES TR 1.3%

Value ($000) $79,896 (+14.9%) Shares 882,539 (+13.5%) Est. Cost $75.76 Unrealized —

VGLT VANGUARD SCOTTSDALE FDS 2.4%

Value ($000) $148,932 (+6.3%) Shares 2,690,483 (+7.2%) Est. Cost $60.71 Unrealized —

SPY SPDR S&P 500 ETF TR 0.2%

Value ($000) $14,660 (+52.4%) Shares 22,542 (+59.8%) Est. Cost $529.56 Unrealized —

IEF ISHARES TR 0.3%

Value ($000) $19,278 (+13.9%) Shares 201,989 (+14.8%) Est. Cost $101.84 Unrealized —

VXUS VANGUARD STAR FDS 0.4%

Value ($000) $22,485 (+9.7%) Shares 291,594 (+7.3%) Est. Cost $61.34 Unrealized —

ESGE ISHARES INC 0.0%

Value ($000) $1,591 (+93.1%) Shares 34,980 (+87.6%) Est. Cost $44.78 Unrealized —

BIZD VANECK ETF TRUST 0.4%

Value ($000) $24,125 (-2.7%) Shares 2,424,628 (+38.7%) Est. Cost $13.14 Unrealized —

TOV EA SERIES TRUST 0.3%

Value ($000) $17,123 (-3.5%) Shares 626,403 (+1.2%) Est. Cost $26.89 Unrealized —

STIP ISHARES TR 0.2%

Value ($000) $10,171 (+5.8%) Shares 98,340 (+4.8%) Est. Cost $102.48 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 0.0%

Value ($000) $1,133 (+82.2%) Shares 29,497 (+135.4%) Est. Cost $43.19 Unrealized —

IXUS ISHARES TR 0.0%

Value ($000) $2,639 (+14.4%) Shares 30,460 (+11.8%) Est. Cost $84.85 Unrealized —

ESGV VANGUARD WORLD FD 0.4%

Value ($000) $23,883 (-1.3%) Shares 212,729 (+6.3%) Est. Cost $117.01 Unrealized —

VSGX VANGUARD WORLD FD 0.0%

Value ($000) $2,445 (+5.8%) Shares 34,087 (+5.6%) Est. Cost $61.93 Unrealized —

ITOT ISHARES TR 0.0%

Value ($000) $2,613 (+3.2%) Shares 18,346 (+7.7%) Est. Cost $148.24 Unrealized —

VTEB VANGUARD MUN BD FDS 0.1%

Value ($000) $4,028 (+1.1%) Shares 80,730 (+1.9%) Est. Cost $50.11 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VGIT	VANGUARD SCOTTSDALE FDS	6,123,657 (+9.1%)	$364,664 (+8.4%)	5.8%	$59.43	—	INTER TERM TREAS	92206C706
VGSH	VANGUARD SCOTTSDALE FDS	1,673,967 (+39.3%)	$97,994 (+38.8%)	1.6%	$58.59	—	SHORT TERM TREAS	92206C102
IVV	ISHARES TR	156,041 (+29.8%)	$101,928 (+23.8%)	1.6%	$581.12	—	CORE S&P500 ETF	464287200
IEMG	ISHARES INC	988,613 (+25.7%)	$68,956 (+30.4%)	1.1%	$58.15	—	CORE MSCI EMKT	46434G103
TIP	ISHARES TR	255,669 (+105.9%)	$28,216 (+106.7%)	0.4%	$110.22	—	TIPS BD ETF	464287176
IEFA	ISHARES TR	882,539 (+13.5%)	$79,896 (+14.9%)	1.3%	$75.76	—	CORE MSCI EAFE	46432F842
VGLT	VANGUARD SCOTTSDALE FDS	2,690,483 (+7.2%)	$148,932 (+6.3%)	2.4%	$60.71	—	LONG TERM TREAS	92206C847
SPY	SPDR S&P 500 ETF TR	22,542 (+59.8%)	$14,660 (+52.4%)	0.2%	$529.56	—	TR UNIT	78462F103
IEF	ISHARES TR	201,989 (+14.8%)	$19,278 (+13.9%)	0.3%	$101.84	—	BARCLAYS 7 10 YR	464287440
VXUS	VANGUARD STAR FDS	291,594 (+7.3%)	$22,485 (+9.7%)	0.4%	$61.34	—	VG TL INTL STK F	921909768
ESGE	ISHARES INC	34,980 (+87.6%)	$1,591 (+93.1%)	0.0%	$44.78	—	ESG AWR MSCI EM	46434G863
BIZD	VANECK ETF TRUST	2,424,628 (+38.7%)	$24,125 (-2.7%)	0.4%	$13.14	—	BDC INCOME ETF	92189F411
TOV	EA SERIES TRUST	626,403 (+1.2%)	$17,123 (-3.5%)	0.3%	$26.89	—	JLENS 500 JEWISH	02072Q846
STIP	ISHARES TR	98,340 (+4.8%)	$10,171 (+5.8%)	0.2%	$102.48	—	0-5 YR TIPS ETF	46429B747
IBIT	ISHARES BITCOIN TRUST ETF	29,497 (+135.4%)	$1,133 (+82.2%)	0.0%	$43.19	—	SHS BEN INT	46438F101
IXUS	ISHARES TR	30,460 (+11.8%)	$2,639 (+14.4%)	0.0%	$84.85	—	CORE MSCI TOTAL	46432F834
ESGV	VANGUARD WORLD FD	212,729 (+6.3%)	$23,883 (-1.3%)	0.4%	$117.01	—	ESG US STK ETF	921910733
VSGX	VANGUARD WORLD FD	34,087 (+5.6%)	$2,445 (+5.8%)	0.0%	$61.93	—	ESG INTL STK ETF	921910725
ITOT	ISHARES TR	18,346 (+7.7%)	$2,613 (+3.2%)	0.0%	$148.24	—	CORE S&P TTL STK	464287150
VTEB	VANGUARD MUN BD FDS	80,730 (+1.9%)	$4,028 (+1.1%)	0.1%	$50.11	—	TAX EXEMPT BD	922907746

Exited Positions (1)

GOVT ISHARES TR 0.0%

Value ($000) $1,909 Shares 82,896 Est. Cost $23.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOVT	ISHARES TR	82,896	$1,909	0.0%	$23.02	—	—	46429B267

Decreased Positions (21)

VOO VANGUARD INDEX FDS 26.2%

Value ($000) $1,654,952 (-8.9%) Shares 2,769,562 (-4.4%) Est. Cost $476.75 Unrealized —

VTIP VANGUARD MALVERN FDS 4.3%

Value ($000) $272,112 (-20.4%) Shares 5,447,681 (-21.1%) Est. Cost $49.21 Unrealized —

VT VANGUARD INTL EQUITY INDEX F 18.9%

Value ($000) $1,190,791 (-3.1%) Shares 8,608,960 (-1.2%) Est. Cost $115.86 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 2.6%

Value ($000) $162,202 (-10.5%) Shares 3,000,968 (-11.0%) Est. Cost $46.90 Unrealized —

VUG VANGUARD INDEX FDS 0.6%

Value ($000) $39,031 (-29.3%) Shares 89,359 (-21.1%) Est. Cost $182.92 Unrealized —

SGOV ISHARES TR 0.7%

Value ($000) $44,604 (-21.2%) Shares 443,120 (-21.4%) Est. Cost $100.70 Unrealized —

KRMN KARMAN HLDGS INC 0.3%

Value ($000) $19,933 (-35.2%) Shares 249,011 (-40.7%) Est. Cost $62.00 Unrealized +55.0%

EFA ISHARES TR 0.2%

Value ($000) $9,771 (-49.4%) Shares 100,596 (-50.0%) Est. Cost $96.03 Unrealized —

GNR SPDR INDEX SHS FDS 0.4%

Value ($000) $23,009 (-25.3%) Shares 308,137 (-37.9%) Est. Cost $55.08 Unrealized —

AGG ISHARES TR 1.5%

Value ($000) $96,876 (-6.5%) Shares 975,887 (-5.9%) Est. Cost $100.25 Unrealized —

VNQ VANGUARD INDEX FDS 0.1%

Value ($000) $8,385 (-37.5%) Shares 94,533 (-37.6%) Est. Cost $87.73 Unrealized —

IAU ISHARES GOLD TR 1.0%

Value ($000) $65,291 (+7.1%) Shares 740,591 (-1.4%) Est. Cost $49.50 Unrealized —

USMV ISHARES TR 0.1%

Value ($000) $3,634 (-50.8%) Shares 39,183 (-50.0%) Est. Cost $94.16 Unrealized —

JSTC TIDAL TRUST I 0.1%

Value ($000) $4,735 (-43.9%) Shares 242,945 (-41.6%) Est. Cost $20.29 Unrealized —

ACWI ISHARES TR 0.6%

Value ($000) $38,011 (-6.3%) Shares 274,706 (-4.2%) Est. Cost $113.02 Unrealized —

EWC ISHARES INC 0.0%

Value ($000) $519 (-76.5%) Shares 9,471 (-76.9%) Est. Cost $48.26 Unrealized —

VDE VANGUARD WORLD FDS 0.4%

Value ($000) $28,002 (+5.3%) Shares 161,826 (-23.4%) Est. Cost $123.35 Unrealized —

GQGU ADVISORS INNER CIRCLE FD III 0.4%

Value ($000) $23,572 (+6.0%) Shares 875,949 (-3.3%) Est. Cost $25.25 Unrealized —

IWM ISHARES TR 0.1%

Value ($000) $6,515 (-10.8%) Shares 26,269 (-11.4%) Est. Cost $246.16 Unrealized —

ESGD ISHARES TR 0.1%

Value ($000) $6,034 (-9.6%) Shares 63,109 (-10.1%) Est. Cost $95.09 Unrealized —

VONV VANGUARD SCOTTSDALE FDS 0.8%

Value ($000) $47,996 (-1.2%) Shares 512,009 (-2.7%) Est. Cost $71.26 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	2,769,562 (-4.4%)	$1,654,952 (-8.9%)	26.2%	$476.75	—	S&P 500 ETF SHS	922908363
VTIP	VANGUARD MALVERN FDS	5,447,681 (-21.1%)	$272,112 (-20.4%)	4.3%	$49.21	—	STRM INFPROIDX	922020805
VT	VANGUARD INTL EQUITY INDEX F	8,608,960 (-1.2%)	$1,190,791 (-3.1%)	18.9%	$115.86	—	TT WRLD ST ETF	922042742
VWO	VANGUARD INTL EQUITY INDEX F	3,000,968 (-11.0%)	$162,202 (-10.5%)	2.6%	$46.90	—	FTSE EMR MKT ETF	922042858
VUG	VANGUARD INDEX FDS	89,359 (-21.1%)	$39,031 (-29.3%)	0.6%	$182.92	—	GROWTH ETF	922908736
SGOV	ISHARES TR	443,120 (-21.4%)	$44,604 (-21.2%)	0.7%	$100.70	—	0-3 MNTH TREASRY	46436E718
KRMN	KARMAN HLDGS INC	249,011 (-40.7%)	$19,933 (-35.2%)	0.3%	$62.00	+55.0%	COMMON STOCK	485924104
EFA	ISHARES TR	100,596 (-50.0%)	$9,771 (-49.4%)	0.2%	$96.03	—	MSCI EAFE ETF	464287465
GNR	SPDR INDEX SHS FDS	308,137 (-37.9%)	$23,009 (-25.3%)	0.4%	$55.08	—	GLB NAT RESRCE	78463X541
AGG	ISHARES TR	975,887 (-5.9%)	$96,876 (-6.5%)	1.5%	$100.25	—	CORE US AGGBD ET	464287226
VNQ	VANGUARD INDEX FDS	94,533 (-37.6%)	$8,385 (-37.5%)	0.1%	$87.73	—	REAL ESTATE ETF	922908553
IAU	ISHARES GOLD TR	740,591 (-1.4%)	$65,291 (+7.1%)	1.0%	$49.50	—	ISHARES NEW	464285204
USMV	ISHARES TR	39,183 (-50.0%)	$3,634 (-50.8%)	0.1%	$94.16	—	MSCI USA MIN VOL	46429B697
JSTC	TIDAL TRUST I	242,945 (-41.6%)	$4,735 (-43.9%)	0.1%	$20.29	—	ADASINA SOCIAL	886364876
ACWI	ISHARES TR	274,706 (-4.2%)	$38,011 (-6.3%)	0.6%	$113.02	—	MSCI ACWI ETF	464288257
EWC	ISHARES INC	9,471 (-76.9%)	$519 (-76.5%)	0.0%	$48.26	—	MSCI CDA ETF	464286509
VDE	VANGUARD WORLD FDS	161,826 (-23.4%)	$28,002 (+5.3%)	0.4%	$123.35	—	ENERGY ETF	92204A306
GQGU	ADVISORS INNER CIRCLE FD III	875,949 (-3.3%)	$23,572 (+6.0%)	0.4%	$25.25	—	GQG US EQUITY ET	00775Y256
IWM	ISHARES TR	26,269 (-11.4%)	$6,515 (-10.8%)	0.1%	$246.16	—	RUSSELL 2000 ETF	464287655
ESGD	ISHARES TR	63,109 (-10.1%)	$6,034 (-9.6%)	0.1%	$95.09	—	ESG AW MSCI EAFE	46435G516
VONV	VANGUARD SCOTTSDALE FDS	512,009 (-2.7%)	$47,996 (-1.2%)	0.8%	$71.26	—	VNG RUS1000VAL	92206C714

Unchanged Positions (19)

VTI VANGUARD INDEX FDS 8.8%

Value ($000) $556,713 Shares 1,735,336 Est. Cost $299.71 Unrealized —

VEA VANGUARD TAX-MANAGED INTL FD 9.8%

Value ($000) $615,176 Shares 9,600,119 Est. Cost $55.70 Unrealized —

AVSC AMERICAN CENTY ETF TR 0.9%

Value ($000) $57,486 Shares 922,735 Est. Cost $56.90 Unrealized —

VONG VANGUARD SCOTTSDALE FDS 0.4%

Value ($000) $22,846 Shares 208,274 Est. Cost $90.43 Unrealized —

IWB ISHARES TR 0.7%

Value ($000) $44,320 Shares 124,298 Est. Cost $298.73 Unrealized —

QUAL ISHARES TR 0.5%

Value ($000) $29,352 Shares 153,029 Est. Cost $170.78 Unrealized —

BND VANGUARD BD INDEX FDS 0.8%

Value ($000) $52,520 Shares 713,200 Est. Cost $73.85 Unrealized —

VTV VANGUARD INDEX FDS 0.3%

Value ($000) $15,914 Shares 81,110 Est. Cost $151.89 Unrealized —

VIOO VANGUARD ADMIRAL FDS INC 0.2%

Value ($000) $12,399 Shares 107,981 Est. Cost $96.35 Unrealized —

IWV ISHARES TR 0.1%

Value ($000) $5,411 Shares 14,597 Est. Cost $282.52 Unrealized —

VONE VANGUARD SCOTTSDALE FDS 0.1%

Value ($000) $4,078 Shares 13,818 Est. Cost $302.35 Unrealized —

DMBS DOUBLELINE ETF TRUST 0.3%

Value ($000) $20,190 Shares 408,860 Est. Cost $49.66 Unrealized —

URA GLOBAL X FDS 0.0%

Value ($000) $925 Shares 19,100 Est. Cost $28.83 Unrealized —

BSV VANGUARD BD INDEX FDS 0.2%

Value ($000) $14,633 Shares 186,624 Est. Cost $78.65 Unrealized —

ISRA VANECK VECTORS ETF TR 0.0%

Value ($000) $944 Shares 15,615 Est. Cost $4.30 Unrealized —

VO VANGUARD INDEX FDS 0.0%

Value ($000) $1,434 Shares 4,992 Est. Cost $293.74 Unrealized —

IWR ISHARES TR 0.0%

Value ($000) $1,186 Shares 12,198 Est. Cost $96.55 Unrealized —

ISTB ISHARES TR 0.0%

Value ($000) $680 Shares 14,033 Est. Cost $47.82 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.0%

Value ($000) $1,039 Shares 5,412 Est. Cost $189.70 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VTI	VANGUARD INDEX FDS	1,735,336	$556,713	8.8%	$299.71	—	TOTAL STK MKT	922908769
VEA	VANGUARD TAX-MANAGED INTL FD	9,600,119	$615,176	9.8%	$55.70	—	FTSE DEV MKT ETF	921943858
AVSC	AMERICAN CENTY ETF TR	922,735	$57,486	0.9%	$56.90	—	AVANTIS US SMALL	025072323
VONG	VANGUARD SCOTTSDALE FDS	208,274	$22,846	0.4%	$90.43	—	VNG RUS1000GRW	92206C680
IWB	ISHARES TR	124,298	$44,320	0.7%	$298.73	—	RUS 1000 ETF	464287622
QUAL	ISHARES TR	153,029	$29,352	0.5%	$170.78	—	MSCI USA QLT FCT	46432F339
BND	VANGUARD BD INDEX FDS	713,200	$52,520	0.8%	$73.85	—	TOTAL BND MRKT	921937835
VTV	VANGUARD INDEX FDS	81,110	$15,914	0.3%	$151.89	—	VALUE ETF	922908744
VIOO	VANGUARD ADMIRAL FDS INC	107,981	$12,399	0.2%	$96.35	—	SMLLCP 600 IDX	921932828
IWV	ISHARES TR	14,597	$5,411	0.1%	$282.52	—	RUSSELL 3000 ETF	464287689
VONE	VANGUARD SCOTTSDALE FDS	13,818	$4,078	0.1%	$302.35	—	VNG RUS1000IDX	92206C730
DMBS	DOUBLELINE ETF TRUST	408,860	$20,190	0.3%	$49.66	—	MORTGAGE ETF	25861R402
URA	GLOBAL X FDS	19,100	$925	0.0%	$28.83	—	GLOBAL X URANIUM	37954Y871
BSV	VANGUARD BD INDEX FDS	186,624	$14,633	0.2%	$78.65	—	SHORT TRM BOND	921937827
ISRA	VANECK VECTORS ETF TR	15,615	$944	0.0%	$4.30	—	ISRAEL ETF	92189F635
VO	VANGUARD INDEX FDS	4,992	$1,434	0.0%	$293.74	—	MID CAP ETF	922908629
IWR	ISHARES TR	12,198	$1,186	0.0%	$96.55	—	RUS MID CAP ETF	464287499
ISTB	ISHARES TR	14,033	$680	0.0%	$47.82	—	CORE 1 5 YR USD	46432F859
RSP	INVESCO EXCHANGE TRADED FD T	5,412	$1,039	0.0%	$189.70	—	S&P500 EQL WGT	46137V357