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NEPC LLC

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13F filer, CIK 1424799, Boston, MA

NEPC LLC reported $3,951,584,125 across 50 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 70.96% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000929638-25-003024

Period
2025-06-30
Reported value
$3.95B
Holdings
50
Top 10 weight
70.96%
New
3
Sold out
0

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SPYMnew+973,556$70.8M
VEAadded+919,661$52.4M
VOnew+84,195$23.6M
VOOadded+39,679$22.5M
VCSHadded+184,080$14.6M

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
SCHPreduced-724,783-$19.3M
VTVreduced-101,593-$18M
SPBOreduced-589,473-$17.2M
EAGGreduced-45,835-$2.18M
PGRreduced-7,388-$1.97M

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 0000929638-25-003024, largest first. % of portfolio is the value over $3,951,584,125, 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: 597,515 shares; 2024Q4: 709,881 shares; 2025Q1: 778,921 shares; 2025Q2: 818,600 shares 818,600$465M11.77%+39,679Timeline
VCSHVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,283,339 shares; 2024Q4: 4,206,197 shares; 2025Q1: 4,864,970 shares; 2025Q2: 5,049,050 shares 5,049,050$401M10.16%+184,080Timeline
VGITVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,368,230 shares; 2024Q4: 6,699,794 shares; 2025Q1: 6,354,852 shares; 2025Q2: 6,354,852 shares 6,354,852$380M9.62%0Timeline
VCITVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,763,505 shares; 2024Q4: 3,808,917 shares; 2025Q1: 4,299,709 shares; 2025Q2: 4,423,287 shares 4,423,287$367M9.28%+123,578Timeline
VGLTVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,029,312 shares; 2024Q4: 6,061,870 shares; 2025Q1: 6,357,273 shares; 2025Q2: 6,519,909 shares 6,519,909$366M9.26%+162,636Timeline
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: 2,059,233 shares; 2024Q4: 2,293,981 shares; 2025Q1: 2,840,808 shares; 2025Q2: 3,760,469 shares 3,760,469$214M5.43%+919,661Timeline
VTCVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,812,712 shares; 2024Q4: 2,455,525 shares; 2025Q1: 2,455,525 shares; 2025Q2: 2,455,525 shares 2,455,525$190M4.81%0Timeline
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: 2,030,809 shares; 2024Q4: 1,967,195 shares; 2025Q1: 1,326,000 shares; 2025Q2: 1,326,000 shares 1,326,000$170M4.31%0Timeline
SCHPSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,971,211 shares; 2024Q4: 7,637,467 shares; 2025Q1: 5,736,286 shares; 2025Q2: 5,011,503 shares 5,011,503$134M3.38%-724,783Timeline
VTVVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 647,673 shares; 2024Q4: 761,166 shares; 2025Q1: 761,166 shares; 2025Q2: 659,573 shares 659,573$117M2.95%-101,593Timeline
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: 3,007,274 shares; 2024Q4: 2,957,938 shares; 2025Q1: 2,113,375 shares; 2025Q2: 2,234,655 shares 2,234,655$111M2.8%+121,280Timeline
USHYISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,894,929 shares; 2024Q4: 2,563,323 shares; 2025Q1: 2,563,323 shares; 2025Q2: 2,563,323 shares 2,563,323$96.2M2.43%0Timeline
SHYGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,621,106 shares; 2024Q4: 2,200,963 shares; 2025Q1: 2,200,963 shares; 2025Q2: 2,200,963 shares 2,200,963$94.9M2.4%0Timeline
IEMGISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,546,393 shares; 2024Q4: 1,546,393 shares; 2025Q1: 1,559,913 shares; 2025Q2: 1,571,273 shares 1,571,273$94.3M2.39%+11,360Timeline
VXFVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 392,612 shares; 2024Q4: 472,231 shares; 2025Q1: 441,206 shares; 2025Q2: 456,356 shares 456,356$87.9M2.23%+15,150Timeline
SPBOSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,463,594 shares; 2024Q4: 6,459,529 shares; 2025Q1: 3,144,313 shares; 2025Q2: 2,554,840 shares 2,554,840$74.7M1.89%-589,473Timeline
VGSHVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,913,635 shares; 2024Q4: 1,913,635 shares; 2025Q1: 1,226,718 shares; 2025Q2: 1,226,718 shares 1,226,718$72.1M1.82%0Timeline
SPYMSPDR 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: 6,170 shares; 2025Q1: not reported; 2025Q2: 973,556 shares 973,556$70.8M1.79%newTimeline
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: 522,131 shares; 2024Q4: 693,040 shares; 2025Q1: 730,890 shares; 2025Q2: 861,133 shares 861,133$46.7M1.18%+130,243Timeline
IGFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 585,886 shares; 2024Q4: 691,199 shares; 2025Q1: 709,810 shares; 2025Q2: 787,542 shares 787,542$46.6M1.18%+77,732Timeline
REETISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,149,567 shares; 2024Q4: 1,480,023 shares; 2025Q1: 1,562,057 shares; 2025Q2: 1,851,623 shares 1,851,623$45.7M1.16%+289,566Timeline
GLDMWORLD GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 573,070 shares; 2024Q4: 729,530 shares; 2025Q1: 644,121 shares; 2025Q2: 692,544 shares 692,544$45.4M1.15%+48,423Timeline
BCIABRDN ETFSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,448,272 shares; 2024Q4: 1,883,198 shares; 2025Q1: 1,835,142 shares; 2025Q2: 2,175,486 shares 2,175,486$45.2M1.14%+340,344Timeline
SPHYSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 519,904 shares; 2024Q4: 1,365,482 shares; 2025Q1: 1,342,791 shares; 2025Q2: 1,854,617 shares 1,854,617$44.1M1.12%+511,826Timeline
VOVANGUARD INDEX 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: not reported; 2025Q1: not reported; 2025Q2: 84,195 shares 84,195$23.6M0.6%newTimeline
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: 35,872 shares; 2024Q4: 35,789 shares; 2025Q1: 35,789 shares; 2025Q2: 35,717 shares 35,717$22.1M0.56%-72Timeline
PGRPROGRESSIVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,668 shares; 2024Q4: 78,640 shares; 2025Q1: 72,380 shares; 2025Q2: 64,992 shares 64,992$17.3M0.44%-7,388Timeline
IEFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 74,335 shares; 2024Q4: 74,431 shares; 2025Q1: 129,344 shares; 2025Q2: 149,536 shares 149,536$12.5M0.32%+20,192Timeline
GOVTISHARES 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: not reported; 2025Q2: 487,077 shares 487,077$11.2M0.28%newTimeline
IWVISHARES 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: 14,117 shares; 2025Q2: 27,847 shares 27,847$9.77M0.25%+13,730Timeline
IWMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,764 shares; 2024Q4: 44,764 shares; 2025Q1: 44,764 shares; 2025Q2: 44,764 shares 44,764$9.66M0.24%0Timeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,127 shares; 2024Q4: 15,150 shares; 2025Q1: 15,178 shares; 2025Q2: 15,178 shares 15,178$9.42M0.24%0Timeline
EFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 104,912 shares; 2024Q4: 104,912 shares; 2025Q1: 104,912 shares; 2025Q2: 104,876 shares 104,876$9.37M0.24%-36Timeline
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: 297,975 shares; 2025Q2: 297,975 shares 297,975$7.76M0.2%0Timeline
HEFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 191,997 shares; 2024Q4: 200,973 shares; 2025Q1: 200,973 shares; 2025Q2: 200,854 shares 200,854$7.62M0.19%-119Timeline
IJHISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,687 shares; 2024Q4: 74,365 shares; 2025Q1: 74,989 shares; 2025Q2: 74,989 shares 74,989$4.65M0.12%0Timeline
EAGGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 182,869 shares; 2024Q4: 151,042 shares; 2025Q1: 124,292 shares; 2025Q2: 78,457 shares 78,457$3.73M0.09%-45,835Timeline
IJRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,029 shares; 2024Q4: 33,476 shares; 2025Q1: 33,543 shares; 2025Q2: 33,528 shares 33,528$3.66M0.09%-15Timeline
ITOTISHARES 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: 25,076 shares; 2025Q2: 25,076 shares 25,076$3.39M0.09%0Timeline
VTIPVANGUARD MALVERN FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,214 shares; 2024Q4: 65,564 shares; 2025Q1: 65,564 shares; 2025Q2: 65,564 shares 65,564$3.3M0.08%0Timeline
EISISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,069 shares; 2024Q4: 31,069 shares; 2025Q1: 31,069 shares; 2025Q2: 31,069 shares 31,069$2.95M0.07%0Timeline
EEMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,072 shares; 2024Q4: 47,357 shares; 2025Q1: 47,387 shares; 2025Q2: 47,255 shares 47,255$2.28M0.06%-132Timeline
IYRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,732 shares; 2024Q4: 21,276 shares; 2025Q1: 21,276 shares; 2025Q2: 21,291 shares 21,291$2.02M0.05%+15Timeline
ESGUISHARES 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: 8,664 shares; 2025Q1: 13,905 shares; 2025Q2: 13,905 shares 13,905$1.88M0.05%0Timeline
ESGDISHARES 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: 6,878 shares; 2025Q1: 12,495 shares; 2025Q2: 12,495 shares 12,495$1.11M0.03%0Timeline
VSSVANGUARD 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: not reported; 2024Q4: 8,114 shares; 2025Q1: 8,114 shares; 2025Q2: 8,114 shares 8,114$1.09M0.03%0Timeline
SUSAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,953 shares; 2024Q4: 7,771 shares; 2025Q1: 7,924 shares; 2025Q2: 7,646 shares 7,646$969K0.02%-278Timeline
SNPEDBX ETF 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: 9,245 shares; 2025Q1: 9,245 shares; 2025Q2: 9,245 shares 9,245$511K0.01%0Timeline
ICLNISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,461 shares; 2024Q4: 35,461 shares; 2025Q1: 35,461 shares; 2025Q2: 35,461 shares 35,461$465K0.01%0Timeline
IGIBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 179 shares; 2024Q4: 179 shares; 2025Q1: 179 shares; 2025Q2: 160 shares 160$8.53K<0.01%-19Timeline

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 0000929638-25-003024 base2025-08-14acceptance time not in the bulk data set
13F-HR/A 0000929638-25-004110 addednew holdings2025-10-31acceptance time not in the bulk data set