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NEPC LLC Portfolio holdings
AUM
$5.36B
Turnover
3.77%
1-Year Est. Return
7.83%
NEPC is an investment consulting firm that helps governments, institutions, families and individuals grow and preserve their capital across different asset classes. Richard Charlton, its founder and chairman emeritus, started the firm in 1986. It generally does not manage portfolios of individual stocks or bonds; it gives customized advice that often includes recommending outside investment managers. Its clients include corporations, healthcare organizations and public entities such as states and localities, as well as high net worth families. Hightower Holding has been its principal owner since January 2025.
This Fund
S&P 500
This Quarter Est. Return
+4.01%
1 Year Est. Return
+7.83%
3 Year Est. Return
+21.25%
5 Year Est. Return
+17.48%
10 Year Est. Return
–
AUM
$5.36B
AUM Growth
+$335M
(+6.7%)
Cap. Flow
+$145M
Cap. Flow % of AUM
Cap. Flow %
2.7%
Top 10 Holdings %
Top 10 Hldgs %
75.08%
Holding
53
New
2
Increased
16
Reduced
16
Closed
–
Avg Time Held
3.4
years
Top 10 Avg Time Held
2.3
years
Top 20 Avg Time Held
2.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$85M |
| 2 |
State Street SPDR Portfolio Corporate Bond Index ETF
SPBO
|
+$27.4M |
| 3 |
Vanguard Long-Term Treasury ETF
VGLT
|
+$25.1M |
| 4 |
Vanguard Total Corporate Bond ETF
VTC
|
+$20M |
| 5 |
Vanguard Intermediate-Term Treasury ETF
VGIT
|
+$20M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$24.2M |
| 2 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$13.1M |
| 3 |
Vanguard Total World Stock ETF
VT
|
+$12.4M |
| 4 |
Vanguard Morningstar Value ETF
VTV
|
+$11.8M |
| 5 |
Vanguard Extended Market ETF
VXF
|
+$4.91M |
Sector Composition
| Rank | Sector | Weight |
|---|
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard S&P 500 ETF
VOO
$1.04T
| $647M | 12.07% |
941,895
-36,259
| -4% | -$24.2M |
2023 Q2
12 quarters
|
|
|
2
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$68.7B
| $613M | 11.44% |
7,419,110
+1,028,339
| +16% | +$85M |
2023 Q3
11 quarters
|
|
|
3
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.1B
| $500M | 9.33% |
8,475,832
+337,995
| +4% | +$20M |
2022 Q4
14 quarters
|
|
4
Vanguard Short-Term Corporate Bond ETF
VCSH
$45.8B
| $494M | 9.22% |
6,254,317
+188,750
| +3% | +$14.9M |
2022 Q2
16 quarters
|
|
|
5
Vanguard Long-Term Treasury ETF
VGLT
$11.5B
| $489M | 9.12% |
8,860,856
+457,791
| +5% | +$25.1M |
2023 Q3
11 quarters
|
|
|
6
Vanguard Total Corporate Bond ETF
VTC
$1.62B
| $380M | 7.08% |
4,943,439
+260,586
| +6% | +$20M |
2023 Q3
11 quarters
|
|
|
7
Vanguard FTSE Developed Markets ETF
VEA
$231B
| $306M | 5.72% |
4,298,995
-188,388
| -4% | -$13.1M |
2020 Q2
24 quarters
|
|
8
Schwab US TIPS ETF
SCHP
$17.5B
| $221M | 4.12% |
8,321,737
+374,251
| +5% | +$10M |
2019 Q4
26 quarters
|
|
9
iShares Broad USD High Yield Corporate Bond ETF
USHY
$27.4B
| $194M | 3.61% |
5,230,809
| – | – |
2023 Q3
11 quarters
|
|
10
Vanguard FTSE Emerging Markets ETF
VWO
$120B
| $180M | 3.36% |
3,017,415
| – | – |
2019 Q4
26 quarters
|
|
11
Vanguard Core Bond ETF
VCRB
$8.15B
| $178M | 3.31% |
2,299,200
-32,500
| -1% | -$2.51M |
2026 Q1
1 quarter
|
|
|
12
Vanguard Extended Market ETF
VXF
$30.6B
| $149M | 2.78% |
605,088
-21,447
| -3% | -$4.91M |
2023 Q3
11 quarters
|
|
|
13
Vanguard Morningstar Value ETF
VTV
$195B
| $141M | 2.64% |
648,293
-56,627
| -8% | -$11.8M |
2022 Q1
17 quarters
|
|
|
14
Vanguard Total World Stock ETF
VT
$83.1B
| $126M | 2.35% |
800,713
-81,121
| -9% | -$12.4M |
2024 Q1
9 quarters
|
|
15
Vanguard Short-Term Treasury ETF
VGSH
$36.7B
| $116M | 2.16% |
1,993,299
| – | – |
2023 Q3
11 quarters
|
|
16
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.77B
| $112M | 2.08% |
2,632,283
| – | – |
2023 Q3
11 quarters
|
|
17
iShares Global REIT ETF
REET
$4.93B
| $57.5M | 1.07% |
2,080,016
| – | – |
2023 Q3
11 quarters
|
|
18
SPDR Gold MiniShares Trust
GLDM
$31.3B
| $52.7M | 0.98% |
664,100
+147,662
| +29% | +$13.2M |
2023 Q3
11 quarters
|
|
19
iShares Global Infrastructure ETF
IGF
$11B
| $52.1M | 0.97% |
781,673
| – | – |
2023 Q3
11 quarters
|
|
20
abrdn Bloomberg All Commodity Strategy K-1 Free ETF
BCI
$3.29B
| $51.6M | 0.96% |
2,308,438
| – | – |
2023 Q3
11 quarters
|
|
21
State Street SPDR S&P Global Natural Resources ETF
GNR
$5.38B
| $49.3M | 0.92% |
731,730
| – | – |
2023 Q3
11 quarters
|
|
|
22
State Street SPDR Portfolio Corporate Bond Index ETF
SPBO
$2.14B
| $48.5M | 0.9% |
1,669,124
+944,897
| +130% | +$27.4M |
2024 Q2
8 quarters
|
|
23
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $24.8M | 0.46% |
33,248
-6,777
| -17% | -$4.91M |
2019 Q4
26 quarters
|
|
24
iShares Core MSCI EAFE ETF
IEFA
$193B
| $24.5M | 0.46% |
253,188
+18
| +0% | +$1.73K |
2020 Q3
23 quarters
|
|
25
iShares Russell 3000 ETF
IWV
$20.2B
| $19.6M | 0.37% |
46,031
| – | – |
2025 Q1
5 quarters
|
|
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NEPC LLC's Q2 2026 Portfolio in Review
As of Q2 2026, NEPC LLC held 53 positions worth $5.36B, up 6.7% from $5.02B the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Trading was light in Q2 2026: portfolio turnover was 3.8%. NEPC LLC opened 2 new positions and made no exits, leaving the 53-position portfolio largely intact.
- NEPC LLC's largest Q2 2026 buy was iShares US Aerospace & Defense ETF: 3,000 shares worth $242K.
- NEPC LLC added most to Vanguard Intermediate-Term Corporate Bond ETF in Q2 2026, an estimated $85M increase.
- NEPC LLC's biggest Q2 2026 reduction was Vanguard S&P 500 ETF, cutting an estimated $24.2M.
- NEPC LLC's ten largest holdings make up 75% of its $5.36B portfolio in Q2 2026.
- NEPC LLC opened 2 new positions and closed 0 in Q2 2026.
- NEPC LLC's portfolio value rose 6.7% quarter-over-quarter to $5.36B.
Based on NEPC LLC's 13F filing for Q2 2026, filed 14 Aug 2026.