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CAMBRIDGE ASSOCIATES LLC /MA/ /ADV

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13F filer, CIK 733986, BOSTON, MA

CAMBRIDGE ASSOCIATES LLC /MA/ /ADV reported $4,539,897,884 across 46 holdings for the quarter ended 2025-06-30, in a 13F-HR/A filed 2026-06-23. Its ten largest share positions make up 83.86% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001062993-26-003306

Period
2025-06-30
Reported value
$4.54B
Holdings
46
Top 10 weight
83.86%
New
2
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
EFAnew+3,508,740$314M
AGGadded+2,525,848$251M
VTadded+764,544$98.3M
VGITadded+731,008$43.7M
VGLTadded+575,214$29.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
VXUSreduced-255,618-$17.7M
IVVreduced-20,345-$12.6M
VOOreduced-19,876-$11.3M
ESGVreduced-97,066-$10.6M
TIPreduced-93,041-$10.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR/A 0001062993-26-003306, largest first. % of portfolio is the value over $4,539,897,884, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
VOOVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,175,117 shares; 2024Q4: 1,904,550 shares; 2025Q1: 2,384,296 shares; 2025Q2: 2,364,420 shares 2,364,420$1.34B29.58%-19,876Timeline
VTVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,180,280 shares; 2024Q4: 4,608,531 shares; 2025Q1: 4,789,871 shares; 2025Q2: 5,554,415 shares 5,554,415$714M15.73%+764,544Timeline
AGGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 785,101 shares; 2024Q4: 877,912 shares; 2025Q1: 914,509 shares; 2025Q2: 3,440,357 shares 3,440,357$341M7.52%+2,525,848Timeline
EFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 127,639 shares; 2024Q4: 127,639 shares; 2025Q1: not reported; 2025Q2: 3,508,740 shares 3,508,740$314M6.91%newTimeline
VTIPVANGUARD MALVERN FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,295,888 shares; 2024Q4: 4,080,299 shares; 2025Q1: 4,247,177 shares; 2025Q2: 4,810,623 shares 4,810,623$242M5.33%+563,446Timeline
VGITVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 668,384 shares; 2024Q4: 1,622,535 shares; 2025Q1: 3,026,348 shares; 2025Q2: 3,757,356 shares 3,757,356$225M4.95%+731,008Timeline
VTIVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 292,377 shares; 2024Q4: 559,221 shares; 2025Q1: 561,534 shares; 2025Q2: 640,269 shares 640,269$195M4.29%+78,735Timeline
VEAVANGUARD TAX-MANAGED FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,003,975 shares; 2024Q4: 2,796,358 shares; 2025Q1: 3,218,144 shares; 2025Q2: 3,220,210 shares 3,220,210$184M4.05%+2,066Timeline
VGLTVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,564,296 shares; 2024Q4: 1,755,179 shares; 2025Q1: 2,069,208 shares; 2025Q2: 2,644,422 shares 2,644,422$137M3.01%+575,214Timeline
VWOVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,492,337 shares; 2024Q4: 1,982,903 shares; 2025Q1: 2,282,415 shares; 2025Q2: 2,298,708 shares 2,298,708$114M2.51%+16,293Timeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 169,691 shares; 2024Q4: 149,103 shares; 2025Q1: 147,847 shares; 2025Q2: 127,502 shares 127,502$79.2M1.74%-20,345Timeline
QUALISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 281,659 shares; 2024Q4: 281,659 shares; 2025Q1: 343,760 shares; 2025Q2: 319,388 shares 319,388$58.4M1.29%-24,372Timeline
IAUISHARES GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 587,833 shares; 2024Q4: 521,274 shares; 2025Q1: 560,628 shares; 2025Q2: 854,826 shares 854,826$53.1M1.17%+294,198Timeline
VGSHVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 482,601 shares; 2024Q4: 559,659 shares; 2025Q1: 474,526 shares; 2025Q2: 867,511 shares 867,511$50.3M1.11%+392,985Timeline
IWBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 143,760 shares; 2024Q4: 143,760 shares; 2025Q1: 143,760 shares; 2025Q2: 143,760 shares 143,760$48.8M1.08%0Timeline
IEFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 648,601 shares; 2024Q4: 686,679 shares; 2025Q1: 598,189 shares; 2025Q2: 558,980 shares 558,980$46.7M1.03%-39,209Timeline
VUGVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 155,193 shares; 2024Q4: 155,193 shares; 2025Q1: 106,315 shares; 2025Q2: 106,315 shares 106,315$46.6M1.03%0Timeline
VONVVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 639,129 shares; 2024Q4: 591,430 shares; 2025Q1: 475,879 shares; 2025Q2: 519,237 shares 519,237$44.2M0.97%+43,358Timeline
IEMGISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 679,610 shares; 2024Q4: 582,745 shares; 2025Q1: 784,634 shares; 2025Q2: 626,187 shares 626,187$37.6M0.83%-158,447Timeline
ACWIISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 373,097 shares; 2024Q4: 298,797 shares; 2025Q1: 238,733 shares; 2025Q2: 232,948 shares 232,948$30M0.66%-5,785Timeline
IEFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 302,535 shares; 2024Q4: 192,708 shares; 2025Q1: 192,708 shares; 2025Q2: 312,963 shares 312,963$30M0.66%+120,255Timeline
BNDVANGUARD BD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 118,069 shares; 2024Q4: 124,963 shares; 2025Q1: 182,733 shares; 2025Q2: 391,617 shares 391,617$28.8M0.64%+208,884Timeline
VONGVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 214,515 shares; 2024Q4: 214,515 shares; 2025Q1: 206,440 shares; 2025Q2: 206,440 shares 206,440$22.5M0.5%0Timeline
VDEVANGUARD WORLD FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,188 shares; 2024Q4: 103,901 shares; 2025Q1: 167,408 shares; 2025Q2: 184,100 shares 184,100$21.9M0.48%+16,692Timeline
VXUSVANGUARD STAR FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 317,707 shares; 2025Q1: 527,342 shares; 2025Q2: 271,724 shares 271,724$18.8M0.41%-255,618Timeline
GNRSPDR INDEX SHS FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 236,487 shares; 2024Q4: 313,427 shares; 2025Q1: 309,990 shares; 2025Q2: 309,990 shares 309,990$16.8M0.37%0Timeline
TOVEA SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 636,677 shares 636,677$16.6M0.37%newTimeline
GOVTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 785,320 shares; 2024Q4: 908,045 shares; 2025Q1: 908,045 shares; 2025Q2: 644,870 shares 644,870$14.8M0.33%-263,175Timeline
VTVVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 81,110 shares; 2024Q4: 81,110 shares; 2025Q1: 81,110 shares; 2025Q2: 81,110 shares 81,110$14.3M0.32%0Timeline
VIOOVANGUARD ADMIRAL FDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 52,218 shares; 2024Q4: 35,894 shares; 2025Q1: 87,956 shares; 2025Q2: 87,956 shares 87,956$8.9M0.2%0Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,742 shares; 2024Q4: 23,137 shares; 2025Q1: 21,142 shares; 2025Q2: 14,034 shares 14,034$8.67M0.19%-7,108Timeline
VNQVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 85,932 shares; 2024Q4: 62,903 shares; 2025Q1: 62,903 shares; 2025Q2: 62,903 shares 62,903$5.6M0.12%0Timeline
IWVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,063 shares; 2024Q4: 14,063 shares; 2025Q1: 14,063 shares; 2025Q2: 14,597 shares 14,597$5.12M0.11%+534Timeline
BSVVANGUARD BD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 89,072 shares; 2024Q4: 89,072 shares; 2025Q1: 88,603 shares; 2025Q2: 59,893 shares 59,893$4.71M0.1%-28,710Timeline
ESGVVANGUARD WORLD FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,027 shares; 2024Q4: 84,892 shares; 2025Q1: 127,632 shares; 2025Q2: 30,566 shares 30,566$3.35M0.07%-97,066Timeline
AVSCAMERICAN CENTY ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,284 shares; 2024Q4: 10,284 shares; 2025Q1: 55,103 shares; 2025Q2: 55,103 shares 55,103$2.84M0.06%0Timeline
ISTBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,066 shares; 2024Q4: 28,066 shares; 2025Q1: 47,033 shares; 2025Q2: 47,033 shares 47,033$2.29M0.05%0Timeline
STIPISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,910 shares; 2024Q4: 21,910 shares; 2025Q1: 26,871 shares; 2025Q2: 22,105 shares 22,105$2.27M0.05%-4,766Timeline
GLDMWORLD GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,631 shares; 2024Q4: 30,631 shares; 2025Q1: 30,631 shares; 2025Q2: 30,631 shares 30,631$2.01M0.04%0Timeline
TIPISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 87,675 shares; 2024Q4: 90,004 shares; 2025Q1: 110,883 shares; 2025Q2: 17,842 shares 17,842$1.96M0.04%-93,041Timeline
VSGXVANGUARD WORLD FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 73,489 shares; 2024Q4: 92,466 shares; 2025Q1: 76,183 shares; 2025Q2: 20,232 shares 20,232$1.33M0.03%-55,951Timeline
IGLBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 20,000 shares; 2025Q2: 20,000 shares 20,000$1M0.02%0Timeline
ISRAVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,615 shares; 2024Q4: 15,615 shares; 2025Q1: 15,615 shares; 2025Q2: 15,615 shares 15,615$809K0.02%0Timeline
URAGLOBAL X FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,100 shares; 2024Q4: 19,100 shares; 2025Q1: 19,100 shares; 2025Q2: 19,100 shares 19,100$741K0.02%0Timeline
EWCISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,174 shares; 2024Q4: 20,200 shares; 2025Q1: 20,200 shares; 2025Q2: 15,450 shares 15,450$714K0.02%-4,750Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,984 shares; 2024Q4: 15,984 shares; 2025Q1: 2,196 shares; 2025Q2: 2,196 shares 2,196$669K0.01%0Timeline

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
VTEBVANGUARD MUN BD FDS59,172$2.94Mshares
TLTISHARES TR2,749$250Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001062993-25-014452 superseded2025-08-14acceptance time not in the bulk data set
13F-HR/A 0001062993-26-003306 baserestatement2026-06-23acceptance time not in the bulk data set