Hirtle Callaghan & Co. LLC
Hirtle, Callaghan & Co., LLC is an independent investment advisory firm headquartered in West Conshohocken, Pennsylvania. Founded in 1988, the firm pioneered the Outsourced Chief Investment Officer (OCIO) model in the U.S., providing customized, globally-diversified, risk-managed investment solutions for endowments, foundations, healthcare organizations, pension funds, and high-net-worth families nationwide. Hirtle Callaghan employs an entrepreneurial team focused on delivering bespoke investment programs and currently manages approximately $19 billion to $20 billion in assets. The firm has offices in New York, California, and Pittsburgh and serves as an extension of client investment teams, especially for institutional and family-holding clients. Employee count is estimated to be between 90 and 125.
Investment Strategy
Hirtle Callaghan specializes in custom-designed, globally diversified investment strategies, leveraging its OCIO model to act as a true fiduciary and partner for clients. The firm builds bespoke multi-asset portfolios tailored to institutional and individual client needs, focusing on risk management, open architecture (conflict-free selection of investments), and long-term growth and security. Their approach includes ESG strategies, sophisticated rebalancing systems for precision and responsiveness, and frequent tailoring of cash targets and allocations to maintain optimal portfolio structure. They emphasize partnership, transparency, and accountability for investment outcomes over generations.
Latest 13F Filing Activity
Hirtle Callaghan & Co. LLC filed their most recent 13F report on Jun 30, 2025 disclosing 104 equity positions with a total 13F market value of $3B. The fund increased holdings in SPDR S&P 500 Etf Trust, Ishares Core S&P 500 Etf, Ishares Core Msci Eafe Etf among other positions. Hirtle Callaghan & Co. LLC reduced exposure to Vanguard Total Bond Market Etf, Vanguard S&P 500 Etf, Ishares Iboxx $ High Yield Corporate Bond Etf among others.
Top Holdings
Equity Positions (104)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TRUST | 24.77% | $653.3M | 1,057,434 | $353.18 | $617.85 | +$59.4M |
I IEFA | ISHARES CORE MSCI EAFE ETF | 11.47% | $302.6M | 3,625,084 | $62.89 | $83.48 | +$27.5M |
I IVV | ISHARES CORE S&P 500 ETF | 9.21% | $242.9M | 391,136 | $506.17 | $620.90 | +$27.6M |
E EFA | ISHARES MSCI EAFE ETF | 6.87% | $181.2M | 2,026,927 | $58.46 | $89.39 | +$14.4M |
V VOO | VANGUARD S&P 500 ETF | 5.70% | $150.5M | 264,895 | $459.14 | $568.03 | -$36.1M |
Industry Allocation
Investment Team (24)
| Name | Role | Location | |
|---|---|---|---|
 | Investment Officer | Denver, CO , United States | |
 | Portfolio Manager | Wayne, PA , United States | |
 | Vice President, Portfolio Manager | Denver, CO , United States | |
C Charlene Pow | Associate | Eagleville, PA , United States | |
C Charles Ferguson | Senior Associate | Philadelphia, PA , United States | |
D Dan Landau | Senior Associate, Private Equity | Philadelphia, PA , United States | |
 | Investment Officer | Cleveland, OH , United States | |
D Denise Iemolo | Portfolio Manager | Newtown Square, PA , United States | |
 | Associate | Philadelphia, PA , United States | |
| Quantitative Analyst | Philadelphia, PA , United States |
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