Cambridge Associates Portfolio holdings
Cambridge Associates, founded in 1973 by Harvard College roommates Hunter Lewis and James Bailey, builds portfolios for endowments, foundations, pension plans, healthcare systems and private clients. It started out selling investment research to endowments and foundations before moving into investment consulting and portfolio management. Clients can hand over investment decisions entirely, with Cambridge Associates acting as their outsourced investment office, or keep their own staff and use the firm for advice on asset allocation and manager selection. It also manages portfolios focused on a single area, such as private equity, hedge funds, real assets and private credit.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total World Stock ETF
VT
|
+$64.5M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$32.9M |
| 3 |
Vanguard Short-Term Bond ETF
BSV
|
+$15M |
| 4 |
iShares Core MSCI International Developed Markets ETF
IDEV
|
+$13.1M |
| 5 |
Vanguard Intermediate-Term Treasury ETF
VGIT
|
+$12.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total International Stock ETF
VXUS
|
+$22.5M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$21.5M |
| 3 |
iShares 0-3 Month Treasury Bond ETF
SGOV
|
+$20M |
| 4 |
Vanguard Morningstar Value ETF
VTV
|
+$15.9M |
| 5 |
Vanguard ESG US Stock ETF
ESGV
|
+$14.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 99.95% |
| 2 | Industrials | 0.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
26
iShares 0-3 Month Treasury Bond ETF
SGOV
$117B
| $24.6M | 0.36% |
244,364
-198,756
| -45% | -$20M |
2025 Q3
3 quarters
|
|
27
Vanguard Energy ETF
VDE
$10.3B
| $24.3M | 0.35% |
161,826
| – | – |
2022 Q4
14 quarters
|
|
28
VanEck BDC Income ETF
BIZD
$1.49B
| $24.1M | 0.35% |
1,907,532
-517,096
| -21% | -$6.55M |
2025 Q3
3 quarters
|
|
29
GQG US Equity ETF
GQGU
$574M
| $22.2M | 0.32% |
875,949
| – | – |
2025 Q3
3 quarters
|
|
30
DoubleLine Mortgage ETF
DMBS
$689M
| $21.7M | 0.31% |
441,639
+32,779
| +8% | +$1.61M |
2025 Q4
2 quarters
|
|
31
iShares TIPS Bond ETF
TIP
$14.6B
| $20.2M | 0.29% |
184,819
-70,850
| -28% | -$7.83M |
2019 Q1
29 quarters
|
|
32
JLens 500 Jewish Advocacy U.S. ETF
TOV
$272M
| $19.7M | 0.28% |
626,403
| – | – |
2025 Q2
4 quarters
|
|
33
iShares 7-10 Year Treasury Bond ETF
IEF
$43.5B
| $19.2M | 0.28% |
202,783
+794
| +0.4% | +$75.1K |
2017 Q3
35 quarters
|
|
34
State Street SPDR S&P 500 ETF Trust
SPY
$777B
| $17.2M | 0.25% |
23,071
+529
| +2% | +$384K |
2015 Q4
42 quarters
|
|
35
State Street SPDR S&P Global Natural Resources ETF
GNR
$5.21B
| $15.5M | 0.22% |
229,803
-78,334
| -25% | -$5.73M |
2014 Q4
46 quarters
|
|
|
36
Vanguard ESG US Stock ETF
ESGV
$12.8B
| $13.4M | 0.19% |
101,457
-111,272
| -52% | -$14.2M |
2018 Q4
30 quarters
|
|
37
Invesco S&P 500 Equal Weight ETF
RSP
$100B
| $13M | 0.19% |
61,010
+55,598
| +1,027% | +$11.4M |
2025 Q3
3 quarters
|
|
38
Vanguard S&P Small-Cap 600 ETF
VIOO
$4.05B
| $11.8M | 0.17% |
85,513
-2,443
| -3% | -$310K |
2023 Q3
11 quarters
|
|
39
iShares 0-5 Year TIPS Bond ETF
STIP
$16.8B
| $10M | 0.15% |
98,340
| – | – |
2019 Q2
28 quarters
|
|
40
Vanguard Real Estate ETF
VNQ
$38.4B
| $9.12M | 0.13% |
94,533
| – | – |
2017 Q1
37 quarters
|
|
41
iShares Russell 2000 ETF
IWM
$74.2B
| $7.89M | 0.11% |
26,269
| – | – |
2025 Q4
2 quarters
|
|
42
iShares Core Conservative Allocation ETF
AOK
$848M
| $7.08M | 0.1% |
+170,773
| New | +$7.01M |
2026 Q2
0 quarters
|
|
43
iShares Russell 3000 ETF
IWV
$19.7B
| $6.22M | 0.09% |
14,597
| – | – |
2023 Q4
10 quarters
|
|
44
GMO US Quality ETF
QLTY
$5.38B
| $6.16M | 0.09% |
+148,114
| New | +$5.94M |
2026 Q2
0 quarters
|
|
45
Vanguard Russell 1000 ETF
VONE
$8.64B
| $4.68M | 0.07% |
13,818
| – | – |
2025 Q3
3 quarters
|
|
46
Karman Holdings
KRMN
$6.04B
| $3.42M | 0.05% |
68,493
-180,518
| -72% | -$11.7M |
2025 Q3
3 quarters
|
|
47
Adasina Social Justice All Cap Global ETF
JSTC
$291M
| $3.41M | 0.05% |
148,918
-94,027
| -39% | -$2.03M |
2025 Q4
2 quarters
|
|
48
Vanguard Tax-Exempt Bond Index Fund
VTEB
$51.7B
| $2.89M | 0.04% |
57,113
-23,617
| -29% | -$1.19M |
2025 Q3
3 quarters
|
|
49
Eagle Capital Select Equity ETF
EAGL
$4.82B
| $2.72M | 0.04% |
+84,697
| New | +$2.74M |
2026 Q2
0 quarters
|
|
50
Vanguard ESG International Stock ETF
VSGX
$6.38B
| $2.6M | 0.04% |
31,570
-2,517
| -7% | -$200K |
2023 Q2
12 quarters
|
|
Similar funds
Cambridge Associates's Q2 2026 Portfolio in Review
As of Q2 2026, Cambridge Associates held 63 positions worth $6.93B, up 11% from $6.27B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Cambridge Associates's Q2 2026 filing shows 3 new, 17 increased, 20 reduced and 7 closed positions. Its largest new stake was iShares Core Conservative Allocation ETF: 170,773 shares worth $7.08M. The largest sale was Vanguard Total International Stock ETF, an estimated $22.5M.
By sector, the portfolio is most concentrated in Miscellaneous at 100% of assets, up from 100% a quarter earlier, followed by Industrials.
- Cambridge Associates's largest Q2 2026 buy was iShares Core Conservative Allocation ETF: 170,773 shares worth $7.08M.
- Cambridge Associates added most to Vanguard Total World Stock ETF in Q2 2026, an estimated $64.5M increase.
- Cambridge Associates's biggest Q2 2026 reduction was iShares Core S&P 500 ETF, cutting an estimated $21.5M.
- Cambridge Associates fully exited Vanguard Total International Stock ETF in Q2 2026, selling an estimated $22.5M.
- Cambridge Associates's ten largest holdings make up 84% of its $6.93B portfolio in Q2 2026.
- Cambridge Associates opened 3 new positions and closed 7 in Q2 2026.
- Cambridge Associates's portfolio value rose 11% quarter-over-quarter to $6.93B.
Based on Cambridge Associates's 13F filing for Q2 2026, filed 14 Aug 2026.