NEPC LLC portfolio
Managed by . 51 reported positions worth $5.0B as of 2026-03-31, filed with the SEC on 2026-05-15. Parsed from the filing itself, not a reseller.
Every position on this page is a snapshot of 2026-03-31. It was already 45 days old on 2026-05-15, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| VCRB | VANGUARD MALVERN FDS | $180.4M | 2,331,700 | 3.59% |
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| PGR | PROGRESSIVE CORP | $14.8M | 64,992 | 0.00% |
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| VCIT | VANGUARD SCOTTSDALE FDS | $528.8M | 6,390,771 | 10.53% | +5% |
| VCSH | VANGUARD SCOTTSDALE FDS | $480.8M | 6,065,567 | 9.57% | +5% |
| VGLT | VANGUARD SCOTTSDALE FDS | $465.2M | 8,403,065 | 9.26% | +8% |
| VTC | VANGUARD SCOTTSDALE FDS | $359.8M | 4,682,853 | 7.16% | +33% |
| SCHP | SCHWAB STRATEGIC TR | $211.5M | 7,947,486 | 4.21% | +5% |
| USHY | ISHARES TR | $192.7M | 5,230,809 | 3.84% | +25% |
| REET | ISHARES TR | $52.3M | 2,080,016 | 1.04% | +2% |
| IEFA | ISHARES TR | $22.9M | 253,170 | 0.46% | +2% |
| SPBO | SPDR SERIES TRUST | $21.0M | 724,227 | 0.42% | +180% |
| TOV | EA SERIES TRUST | $11.8M | 431,110 | 0.23% | +2% |
| SPHY | SPDR SERIES TRUST | $7.7M | 330,232 | 0.15% | +102% |
| EAGG | ISHARES TR | $6.2M | 130,692 | 0.12% | +67% |
| IYR | ISHARES TR | $2.1M | 22,318 | 0.04% | +3% |
| SUSA | ISHARES TR | $1.3M | 9,903 | 0.03% | +30% |
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| GLDM | WORLD GOLD TR | $47.9M | 516,438 | 0.95% | -19% |
| EEM | ISHARES TR | $3.3M | 57,953 | 0.07% | -16% |
| GNR | SPDR INDEX SHS FDS | $54.6M | 731,730 | 1.09% | -16% |
| IVV | ISHARES TR | $9.1M | 13,882 | 0.18% | -9% |
| VTES | VANGUARD WELLINGTON FD | $28,016 | 277 | 0.00% | -7% |
| IGF | ISHARES TR | $52.4M | 781,673 | 1.04% | -6% |
| VT | VANGUARD INTL EQUITY INDEX F | $122.0M | 881,834 | 2.43% | -5% |
| VOO | VANGUARD INDEX FDS | $584.5M | 978,154 | 11.64% | -4% |
| SPY | SPDR S&P 500 ETF TRUST | $26.0M | 40,025 | 0.52% | -3% |
| VEA | VANGUARD TAX-MANAGED FDS | $287.6M | 4,487,383 | 5.72% | -2% |
| IEMG | ISHARES INC | $12.8M | 183,588 | 0.25% | -1% |
All reported holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| VOO | VANGUARD INDEX FDS | $584.5M | 978,154 | 11.64% | — |
| VCIT | VANGUARD SCOTTSDALE FDS | $528.8M | 6,390,771 | 10.53% | — |
| VGIT | VANGUARD SCOTTSDALE FDS | $484.6M | 8,137,837 | 9.65% | — |
| VCSH | VANGUARD SCOTTSDALE FDS | $480.8M | 6,065,567 | 9.57% | — |
| VGLT | VANGUARD SCOTTSDALE FDS | $465.2M | 8,403,065 | 9.26% | — |
| VTC | VANGUARD SCOTTSDALE FDS | $359.8M | 4,682,853 | 7.16% | — |
| VEA | VANGUARD TAX-MANAGED FDS | $287.6M | 4,487,383 | 5.72% | — |
| SCHP | SCHWAB STRATEGIC TR | $211.5M | 7,947,486 | 4.21% | — |
| USHY | ISHARES TR | $192.7M | 5,230,809 | 3.84% | — |
| VCRB | VANGUARD MALVERN FDS | $180.4M | 2,331,700 | 3.59% | — |
| VWO | VANGUARD INTL EQUITY INDEX F | $163.1M | 3,017,415 | 3.25% | — |
| VTV | VANGUARD INDEX FDS | $138.3M | 704,920 | 2.75% | — |
| VXF | VANGUARD INDEX FDS | $128.9M | 626,535 | 2.57% | — |
| VT | VANGUARD INTL EQUITY INDEX F | $122.0M | 881,834 | 2.43% | — |
| VGSH | VANGUARD SCOTTSDALE FDS | $116.7M | 1,993,299 | 2.32% | — |
| SHYG | ISHARES TR | $111.4M | 2,632,283 | 2.22% | — |
| BCI | ABRDN ETFS | $56.1M | 2,308,438 | 1.12% | — |
| GNR | SPDR INDEX SHS FDS | $54.6M | 731,730 | 1.09% | — |
| IGF | ISHARES TR | $52.4M | 781,673 | 1.04% | — |
| REET | ISHARES TR | $52.3M | 2,080,016 | 1.04% | — |
| GLDM | WORLD GOLD TR | $47.9M | 516,438 | 0.95% | — |
| SPY | SPDR S&P 500 ETF TRUST | $26.0M | 40,025 | 0.52% | — |
| IEFA | ISHARES TR | $22.9M | 253,170 | 0.46% | — |
| SPBO | SPDR SERIES TRUST | $21.0M | 724,227 | 0.42% | — |
| IWV | ISHARES TR | $17.1M | 46,031 | 0.34% | — |
| IEMG | ISHARES INC | $12.8M | 183,588 | 0.25% | — |
| IWM | ISHARES TR | $12.6M | 50,924 | 0.25% | — |
| EFA | ISHARES TR | $11.8M | 121,382 | 0.23% | — |
| TOV | EA SERIES TRUST | $11.8M | 431,110 | 0.23% | — |
| HEFA | ISHARES TR | $10.2M | 241,150 | 0.20% | — |
| IVV | ISHARES TR | $9.1M | 13,882 | 0.18% | — |
| SPHY | SPDR SERIES TRUST | $7.7M | 330,232 | 0.15% | — |
| EAGG | ISHARES TR | $6.2M | 130,692 | 0.12% | — |
| IJH | ISHARES TR | $5.1M | 75,615 | 0.10% | — |
| IJR | ISHARES TR | $4.2M | 33,803 | 0.08% | — |
| EIS | ISHARES INC | $3.6M | 31,069 | 0.07% | — |
| ITOT | ISHARES TR | $3.6M | 25,076 | 0.07% | — |
| EEM | ISHARES TR | $3.3M | 57,953 | 0.07% | — |
| VTIP | VANGUARD MALVERN FDS | $3.3M | 65,564 | 0.07% | — |
| EFAX | SPDR INDEX SHS FDS | $2.7M | 53,260 | 0.05% | — |
| IYR | ISHARES TR | $2.1M | 22,318 | 0.04% | — |
| ESGU | ISHARES TR | $2.0M | 13,905 | 0.04% | — |
| VSS | VANGUARD INTL EQUITY INDEX F | $1.6M | 10,882 | 0.03% | — |
| SUSA | ISHARES TR | $1.3M | 9,903 | 0.03% | — |
| ESGD | ISHARES TR | $1.3M | 13,340 | 0.03% | — |
| SNPE | DBX ETF TR | $550,540 | 9,245 | 0.01% | — |
| SPYM | SPDR SERIES TRUST | $110,065 | 1,438 | 0.00% | — |
| VXUS | VANGUARD STAR FDS | $63,307 | 821 | 0.00% | — |
| VTEB | VANGUARD MUN BD FDS | $33,676 | 675 | 0.00% | — |
| VTES | VANGUARD WELLINGTON FD | $28,016 | 277 | 0.00% | — |
| IGIB | ISHARES TR | $8,515 | 160 | 0.00% | — |
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
This page was built from one document: the 2026-03-31 Form 13F info table filed by NEPC LLC (CIK 1424799, accession 0000929638-26-001872). Every other 13F site is reading the same file.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
Tested and published by IndicatorEdge · backtest grid generated 2026-06-25 · base rates recomputed 2026-07-31 · how we test
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