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Cambridge Associates LLC /ma/ /adv

CIK:0000733986
Investment Adviser
$290B AUM
48 holdings
Boston, MA, United States
Founded:1973
850 employees
Latest filing:Jun 30, 2025

Cambridge Associates LLC is a privately held investment advisory firm headquartered in Boston, Massachusetts. Founded in 1973, it is principally employee and client owned. The firm specializes in partnering with institutional clients—including endowments, foundations, pension plans, corporations, and private clients—to implement and manage custom investment portfolios with a focus on generating outperformance. Cambridge Associates operates globally, with eight subsidiary affiliates providing investment management, investment advisory, research, and performance reporting services. With over five decades of experience, it serves clients seeking both discretionary and non-discretionary investment management as well as specialized advisory services. The firm employs approximately 850 professionals worldwide.

Investment Strategy

Cambridge Associates LLC offers custom portfolio management, discretionary (OCIO) and non-discretionary investment advisory services tailored to the specific governance and risk framework of each client. Its focus is on rigorous research, manager due diligence, and sourcing and monitoring alternative investments across asset classes. The firm is independent and does not accept compensation from third-party product providers. It seeks to deliver long-term risk-adjusted outperformance, leveraging global scale and specialized asset expertise to meet both institutional and private client objectives, often integrating ESG and impact investment considerations based on client preferences.

Latest 13F Filing Activity

Cambridge Associates LLC /ma/ /adv filed their most recent 13F report on Jun 30, 2025 disclosing 47 equity positions with a total 13F market value of $5B. The fund increased holdings in Ishares TR, Ishares TR, Vanguard Intl Equity Index F among other positions. Cambridge Associates LLC /ma/ /adv reduced exposure to Vanguard Star FDS, Ishares TR, Vanguard World FD among others.

Top Buys
E
EFAISHARES TR
+$314.6M
A
AGGISHARES TR
+$250.8M
V
VTVANGUARD INTL EQUITY INDEX F
+$158.7M
V
VOOVANGUARD INDEX FDS
+$117.7M
V
VTIVANGUARD INDEX FDS
+$47.2M
Top Sells
V
VXUSVANGUARD STAR FDS
-$14.0M
T
TIPISHARES TR
-$10.4M
E
ESGVVANGUARD WORLD FD
-$9.2M
G
GOVTISHARES TR
-$6.1M
I
IVVISHARES TR
-$3.9M

Top Holdings

V
VOOVANGUARD INDEX FDS
+29.4%$1.34B
V
VTVANGUARD INTL EQUITY INDEX F
+15.6%$714.1M
A
AGGISHARES TR
+7.5%$341.3M
E
EFAISHARES TR
+7.1%$325.1M
V
VTIPVANGUARD MALVERN FDS
+5.3%$241.8M

Equity Positions (47)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
VANGUARD INDEX FDS29.35%$1.34B2,364,420$445.85$568.03+$117.7M
VANGUARD INTL EQUITY INDEX F15.60%$714.1M5,554,414$101.30$128.52+$158.7M
ISHARES TR7.46%$341.3M3,440,357$100.18$99.20+$250.8M
ISHARES TR7.10%$325.1M3,636,379$89.01$89.39+$314.6M
VANGUARD MALVERN FDS5.28%$241.8M4,810,623$48.78$50.27+$29.9M

Industry Allocation

COMMODITY CONTRACTS BROKERS & DEALERS
+1.2%
AIRCRAFT PARTS & AUXILIARY EQUIPMENT, NEC
+0.3%