CAMBRIDGE ASSOCIATES LLC /MA/ /ADV

CIK 0000733986 · Q1 2026

13F Equity AUM

$6.3B

+2.5% QoQ

Positions

+3 QoQ

AUM Rank

#876

Top 7%

Skill Alpha (FF)

-3.5%/yr

Underperformer

Rank #6,688 · Top 81%

vs S&P -8.5%/yr (unadj.)

Quarters Tracked

~12 years

Portfolio Concentration

Top 5: 69.5%Top 10: 81.9%Top 20: 91.4%

VOO26.2%

VT18.9%

VEA9.8%

VTI8.8%

VGIT5.8%

VTIP4.3%

VWO2.6%

VGLT2.4%

IVV1.6%

VGSH1.6%

Others (54)18.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services98.7%

Other1.4%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 64Median: 0.32%Avg: 1.56%

0–0.5%

42(7.3%)

0.5–1%

8(5.8%)

1–3%

8(13.0%)

3–5%

1(4.3%)

5%+

5(69.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 62Unique: 2vs 20 funds

0.8%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

1.2%

JPMORGAN CHASE & CO

1.2%

BANK OF AMERICA CORP /DE/

1.2%

FMR LLC

1.8%

BlackRock, Inc.

1.2%

STATE STREET CORP

0.3%

VANGUARD CAPITAL MANAGEMENT LLC

0.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

GEODE CAPITAL MANAGEMENT, LLC

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New4Increased25Decreased14Exited1

New Positions

VIG0.7%

+208K

IDEV0.3%

+241K

IJH0.0%

+26K

BKLN0.0%

+72K

Increased

BIZD0.4%

+677K(+39%)

VGIT5.8%

+546K(+10%)

VT18.9%

+508K(+6%)

VGSH1.6%

+472K(+39%)

VEA9.8%

+311K(+3%)

IEMG1.1%

+240K(+32%)

VGLT2.4%

+180K(+7%)

TIP0.5%

+131K(+106%)

IEFA1.3%

+105K(+14%)

IVV1.6%

+36K(+30%)

Decreased

VWO2.6%

-332,312(-10%)

VTIP4.3%

-197,980(-4%)

JSTC0.1%

-172,782(-42%)

SGOV0.7%

-120,877(-21%)

VDE0.4%

-49,327(-23%)

EWC0.0%

-31,491(-77%)

GQGU0.4%

-29,500(-3%)

GNR0.4%

-19,610(-6%)

VONV0.8%

-14,312(-3%)

VTI8.8%

-10,555(-1%)

Exited

GOVT

-82,896

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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