Nepc LLC
- SEC CIK
- 0001424799
- Latest filing
- Aug 14, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 17, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 51
- +2 vs. Q3 2025
- Portfolio value
- $4.69B
- +$893.3M (+23.5%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| iShares Tr464288638 | ISHS 5-10YR INVT | 160 | $8.62K | <0.1% | 00.0% | Unchanged | – |
| Vanguard Wellington FD921935870 | SHORT TRM TAX EX | 299 | $30.4K | <0.1% | +299 | New | – |
| Vanguard Mun BD FDS922907746 | TAX EXEMPT BD | 675 | $33.9K | <0.1% | +675 | New | – |
| Vanguard Star FDS921909768 | VG TL INTL STK F | 821 | $61.9K | <0.1% | +821 | New | – |
| State Street SPDR Portfolio S&P 500 ETF78464A854 | ETF | 1,438 | $115.4K | <0.1% | +1,438 | New | – |
| DBX ETF Tr233051143 | XTRACKRS S&P 500 | 9,245 | $577.4K | <0.1% | 00.0% | Unchanged | – |
| iShares Tr464288802 | ESG OPTIMIZED | 7,646 | $1.07M | <0.1% | 00.0% | Unchanged | – |
| iShares Tr46435G516 | ESG AW MSCI EAFE | 13,340 | $1.27M | <0.1% | +845+6.8% | Added | – |
| Vanguard Ftse All-World Ex-US Small-Cap ETF922042718 | ETF | 10,882 | $1.56M | <0.1% | +2,768+34.1% | Added | – |
| iShares Tr464287739 | U.S. REAL ES ETF | 21,747 | $2.04M | <0.1% | +194+0.9% | Added | – |
| iShares Tr46435G425 | ESG AWR MSCI USA | 13,905 | $2.07M | <0.1% | 00.0% | Unchanged | – |
| SPDR Index Shs FDS78470E106 | ST STR MSCI EAFE | 53,260 | $2.69M | 0.1% | 00.0% | Unchanged | – |
| Vanguard Malvern FDS922020805 | STRM INFPROIDX | 65,564 | $3.24M | 0.1% | 00.0% | Unchanged | – |
| iShares Inc464286632 | MSCI ISRAEL ETF | 31,069 | $3.42M | 0.1% | 00.0% | Unchanged | – |
| iShares Tr464287150 | CORE S&P TTL STK | 25,076 | $3.73M | 0.1% | 00.0% | Unchanged | – |
| iShares Esg Aware US Aggregate Bond ETF46435U549 | ETF | 78,457 | $3.75M | 0.1% | 00.0% | Unchanged | – |
| iShares Tr464287234 | MSCI EMG MKT ETF | 69,338 | $3.79M | 0.1% | +483+0.7% | Added | – |
| SPDR Series Trust78468R606 | ST PORT HIGH ETF | 163,549 | $3.87M | 0.1% | −1,237,032−88.3% | Reduced | – |
| iShares Core S&P Small Cap ETF464287804 | ETF | 33,763 | $4.06M | 0.1% | +131+0.4% | Added | – |
| iShares Core S&P Mid-Cap ETF464287507 | ETF | 75,478 | $4.98M | 0.1% | +296+0.4% | Added | – |
| SPDR Series Trust78464A144 | ST STR CORPO ETF | 258,781 | $7.59M | 0.2% | −1,380,665−84.2% | Reduced | – |
| iShares Tr46434V803 | HDG MSCI EAFE | 241,150 | $9.97M | 0.2% | +3,323+1.4% | Added | – |
| iShares Core S&P 500 ETF464287200 | ETF | 15,334 | $10.5M | 0.2% | +114+0.7% | Added | – |
| iShares MSCI Eafe ETF464287465 | ETF | 121,179 | $11.6M | 0.2% | +1,803+1.5% | Added | – |
| Ea Series Trust02072Q846 | JLENS 500 JEWISH | 421,343 | $12.1M | 0.3% | +123,368+41.4% | Added | – |
| iShares Core MSCI Emerging Markets ETF46434G103 | ETF | 185,768 | $12.5M | 0.3% | −1,405,539−88.3% | Reduced | – |
| iShares Russell 2000 ETF464287655 | ETF | 50,846 | $12.5M | 0.3% | +149+0.3% | Added | – |
| PGRProgressive Corp | Stock | 64,992 | $14.8M | 0.3% | 00.0% | Unchanged | History |
| iShares Tr464287689 | RUSSELL 3000 ETF | 45,961 | $17.8M | 0.4% | +18,112+65.0% | Added | – |
| iShares Core MSCI Eafe ETF46432F842 | ETF | 248,385 | $22.2M | 0.5% | +50,272+25.4% | Added | – |
| SPYSPDR S&P 500 ETF Trust | ETF | 41,403 | $28.2M | 0.6% | −206−0.5% | Reduced | History |
| Abrdn ETFs003261104 | BBRG ALL COMD K1 | 2,308,347 | $45.1M | 1.0% | +326,507+16.5% | Added | – |
| iShares Tr46434V647 | GLOBAL REIT ETF | 2,040,739 | $50.9M | 1.1% | +397,810+24.2% | Added | – |
| iShares Tr464288372 | GLB INFRASTR ETF | 834,157 | $51.2M | 1.1% | +168,178+25.3% | Added | – |
| SPDR Index Shs FDS78463X541 | ST STR NAT ETF | 870,237 | $54.1M | 1.2% | +139,347+19.1% | Added | – |
| GLDMWorld Gold Trust | SPDR GLD MINIS | 634,975 | $54.2M | 1.2% | +20,110+3.3% | Added | History |
| iShares Tr46434V407 | 0-5YR HI YL CP | 2,632,283 | $112.8M | 2.4% | +431,320+19.6% | Added | – |
| Vanguard Scottsdale FDS92206C102 | SHORT TERM TREAS | 1,993,299 | $117.1M | 2.5% | +766,581+62.5% | Added | – |
| Vanguard Index FDS922908652 | EXTEND MKT ETF | 626,535 | $131.0M | 2.8% | +254,531+68.4% | Added | – |
| Vanguard Total World Stock ETF922042742 | ETF | 930,776 | $131.3M | 2.8% | +174,998+23.2% | Added | – |
| Vanguard Morningstar Value ETF922908744 | ETF | 704,920 | $134.6M | 2.9% | +117,518+20.0% | Added | – |
| iShares Tr46435U853 | BROAD USD HIGH | 4,179,289 | $156.3M | 3.3% | +1,615,966+63.0% | Added | – |
| Vanguard Ftse Emerging Markets ETF922042858 | ETF | 3,017,415 | $162.2M | 3.5% | +1,020,768+51.1% | Added | – |
| Schwab US Tips ETF808524870 | ETF | 7,572,111 | $200.6M | 4.3% | +2,980,022+64.9% | Added | – |
| Vanguard Scottsdale FDS92206C573 | TOTAL CORP BND | 3,533,516 | $274.3M | 5.8% | +1,077,991+43.9% | Added | – |
| Vanguard Ftse Developed Markets ETF921943858 | ETF | 4,575,987 | $285.9M | 6.1% | +1,823,000+66.2% | Added | – |
| Vanguard Long-Term Treasury ETF92206C847 | ETF | 7,763,007 | $433.2M | 9.2% | +878,866+12.8% | Added | – |
| Vanguard Scottsdale FDS92206C409 | SHRT TRM CORP BD | 5,763,304 | $459.5M | 9.8% | +752,893+15.0% | Added | – |
| Vanguard Scottsdale FDS92206C706 | INTER TERM TREAS | 8,137,837 | $487.7M | 10.4% | +1,665,190+25.7% | Added | – |
| Vanguard Intermediate-Term Corporate Bond ETF92206C870 | ETF | 6,093,365 | $510.3M | 10.9% | +1,670,078+37.8% | Added | – |
| Vanguard S&P 500 ETF922908363 | ETF | 1,017,491 | $638.1M | 13.6% | +198,891+24.3% | Added | – |
Sold out since Q3 2025 (2)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| Vanguard Morningstar Mid-Cap ETF922908629 | ETF | 89,095 | $26.2M | 0.7% | – |
| iShares Tr464287440 | 7-10 YR TRSY BD | 116,950 | $11.3M | 0.3% | – |