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NEPC LLC

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13F filer, CIK 1424799, Boston, MA

NEPC LLC reported $3,612,511,508 across 47 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 73.41% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000929638-25-001891

Period
2025-03-31
Reported value
$3.61B
Holdings
47
Top 10 weight
73.41%
New
3
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
VCSHadded+658,773$52M
VCITadded+490,792$40.1M
VOOadded+69,040$35.5M
VEAadded+546,827$27.8M
VGLTadded+295,403$17M

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
SPBOreduced-3,315,216-$96.2M
VTreduced-641,195-$74.3M
SCHPreduced-1,901,181-$51.1M
VGSHreduced-686,917-$40.3M
VWOreduced-844,563-$38.2M

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, Q1 2025

Share positions as resolved from 13F-HR 0000929638-25-001891, largest first. % of portfolio is the value over $3,612,511,508, 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; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 597,515 shares; 2024Q4: 709,881 shares; 2025Q1: 778,921 shares 778,921$400M11.08%+69,040Timeline
VCSHVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,283,339 shares; 2024Q4: 4,206,197 shares; 2025Q1: 4,864,970 shares 4,864,970$384M10.63%+658,773Timeline
VGITVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,368,230 shares; 2024Q4: 6,699,794 shares; 2025Q1: 6,354,852 shares 6,354,852$377M10.45%-344,942Timeline
VGLTVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,029,312 shares; 2024Q4: 6,061,870 shares; 2025Q1: 6,357,273 shares 6,357,273$366M10.14%+295,403Timeline
VCITVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,763,505 shares; 2024Q4: 3,808,917 shares; 2025Q1: 4,299,709 shares 4,299,709$352M9.73%+490,792Timeline
VTCVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,812,712 shares; 2024Q4: 2,455,525 shares; 2025Q1: 2,455,525 shares 2,455,525$189M5.22%0Timeline
SCHPSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,971,211 shares; 2024Q4: 7,637,467 shares; 2025Q1: 5,736,286 shares 5,736,286$154M4.27%-1,901,181Timeline
VTVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,030,809 shares; 2024Q4: 1,967,195 shares; 2025Q1: 1,326,000 shares 1,326,000$154M4.26%-641,195Timeline
VEAVANGUARD TAX-MANAGED FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,059,233 shares; 2024Q4: 2,293,981 shares; 2025Q1: 2,840,808 shares 2,840,808$144M4%+546,827Timeline
VTVVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 647,673 shares; 2024Q4: 761,166 shares; 2025Q1: 761,166 shares 761,166$131M3.64%0Timeline
VWOVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,007,274 shares; 2024Q4: 2,957,938 shares; 2025Q1: 2,113,375 shares 2,113,375$95.7M2.65%-844,563Timeline
USHYISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,894,929 shares; 2024Q4: 2,563,323 shares; 2025Q1: 2,563,323 shares 2,563,323$94.4M2.61%0Timeline
SHYGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,621,106 shares; 2024Q4: 2,200,963 shares; 2025Q1: 2,200,963 shares 2,200,963$93.6M2.59%0Timeline
SPBOSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,463,594 shares; 2024Q4: 6,459,529 shares; 2025Q1: 3,144,313 shares 3,144,313$91.3M2.53%-3,315,216Timeline
IEMGISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,546,393 shares; 2024Q4: 1,546,393 shares; 2025Q1: 1,559,913 shares 1,559,913$84.2M2.33%+13,520Timeline
VXFVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 392,612 shares; 2024Q4: 472,231 shares; 2025Q1: 441,206 shares 441,206$76M2.1%-31,025Timeline
VGSHVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,913,635 shares; 2024Q4: 1,913,635 shares; 2025Q1: 1,226,718 shares 1,226,718$72M1.99%-686,917Timeline
GLDMWORLD GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 573,070 shares; 2024Q4: 729,530 shares; 2025Q1: 644,121 shares 644,121$39.9M1.1%-85,409Timeline
BCIABRDN ETFSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,448,272 shares; 2024Q4: 1,883,198 shares; 2025Q1: 1,835,142 shares 1,835,142$39.4M1.09%-48,056Timeline
GNRSPDR INDEX SHS FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 522,131 shares; 2024Q4: 693,040 shares; 2025Q1: 730,890 shares 730,890$38.9M1.08%+37,850Timeline
IGFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 585,886 shares; 2024Q4: 691,199 shares; 2025Q1: 709,810 shares 709,810$38.8M1.07%+18,611Timeline
REETISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,149,567 shares; 2024Q4: 1,480,023 shares; 2025Q1: 1,562,057 shares 1,562,057$37.9M1.05%+82,034Timeline
SPHYSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 519,904 shares; 2024Q4: 1,365,482 shares; 2025Q1: 1,342,791 shares 1,342,791$31.4M0.87%-22,691Timeline
PGRPROGRESSIVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,668 shares; 2024Q4: 78,640 shares; 2025Q1: 72,380 shares 72,380$20.5M0.57%-6,260Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,872 shares; 2024Q4: 35,789 shares; 2025Q1: 35,789 shares 35,789$20M0.55%0Timeline
IEFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 74,335 shares; 2024Q4: 74,431 shares; 2025Q1: 129,344 shares 129,344$9.78M0.27%+54,913Timeline
IWMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,764 shares; 2024Q4: 44,764 shares; 2025Q1: 44,764 shares 44,764$8.93M0.25%0Timeline
EFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 104,912 shares; 2024Q4: 104,912 shares; 2025Q1: 104,912 shares 104,912$8.57M0.24%0Timeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,127 shares; 2024Q4: 15,150 shares; 2025Q1: 15,178 shares 15,178$8.53M0.24%+28Timeline
HEFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 191,997 shares; 2024Q4: 200,973 shares; 2025Q1: 200,973 shares 200,973$7.29M0.2%0Timeline
TOVEA SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 297,975 shares 297,975$6.99M0.19%newTimeline
EAGGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 182,869 shares; 2024Q4: 151,042 shares; 2025Q1: 124,292 shares 124,292$5.9M0.16%-26,750Timeline
IWVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 14,117 shares 14,117$4.48M0.12%newTimeline
IJHISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,687 shares; 2024Q4: 74,365 shares; 2025Q1: 74,989 shares 74,989$4.38M0.12%+624Timeline
IJRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,029 shares; 2024Q4: 33,476 shares; 2025Q1: 33,543 shares 33,543$3.51M0.1%+67Timeline
VTIPVANGUARD MALVERN FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,214 shares; 2024Q4: 65,564 shares; 2025Q1: 65,564 shares 65,564$3.27M0.09%0Timeline
ITOTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 25,076 shares 25,076$3.06M0.08%newTimeline
EISISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,069 shares; 2024Q4: 31,069 shares; 2025Q1: 31,069 shares 31,069$2.31M0.06%0Timeline
EEMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,072 shares; 2024Q4: 47,357 shares; 2025Q1: 47,387 shares 47,387$2.07M0.06%+30Timeline
IYRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,732 shares; 2024Q4: 21,276 shares; 2025Q1: 21,276 shares 21,276$2.04M0.06%0Timeline
ESGUISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 8,664 shares; 2025Q1: 13,905 shares 13,905$1.7M0.05%+5,241Timeline
ESGDISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,878 shares; 2025Q1: 12,495 shares 12,495$1.02M0.03%+5,617Timeline
VSSVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 8,114 shares; 2025Q1: 8,114 shares 8,114$938K0.03%0Timeline
SUSAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,953 shares; 2024Q4: 7,771 shares; 2025Q1: 7,924 shares 7,924$910K0.03%+153Timeline
SNPEDBX ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 9,245 shares; 2025Q1: 9,245 shares 9,245$466K0.01%0Timeline
ICLNISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,461 shares; 2024Q4: 35,461 shares; 2025Q1: 35,461 shares 35,461$405K0.01%0Timeline
IGIBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 179 shares; 2024Q4: 179 shares; 2025Q1: 179 shares 179$9.4K<0.01%0Timeline

Sold out in Q1 2025

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

SecurityShares beforeValue beforeType
AGGISHARES TR262,471$25.4Mshares
SPYMSPDR SERIES TRUST6,170$425Kshares
XLUSELECT SECTOR SPDR TR53$4.01Kshares

How Q1 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 0000929638-25-001891 base2025-05-15acceptance time not in the bulk data set
13F-HR/A 0000929638-25-001978 addednew holdings2025-05-20acceptance time not in the bulk data set