NL

Nepc LLC

Diversified strategyContrarianQuality / disciplined sizing

Total reported value

$5.0B

Reporting period: 2026-03-31 · Number of holdings: 51

NEPC LLC disclosed 51 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $5.0B and a quarterly turnover rate of 10.8%.

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Personality snowflake

Concentration
27.74
Portfolio Stability
10.79
Momentum/Contrarian
0
Sector conviction
0
Diversification
100
Sizing Uniformity
83.91

Recent moves

  • Trim VOO

    -3.9%　-$53.6M

  • Add VTC

    +32.5%　$85.4M

  • Trim VGIT

    0.0%　-$3.1M

  • Add USHY

    +25.2%　$36.4M

  • Trim VT

    -5.3%　-$9.3M

  • Trim VEA

    -1.9%　$1.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1VOOVanguard S&p 500 ETFETF-Large Cap & Growth11.64%-1.96%-3.87%
2VCITVanguard Int-term CorporateETF-Corp Bonds10.53%-0.34%+4.88%
3VGITVanguard Intermediate-term TETF-Other9.65%-0.74%—
4VCSHVanguard S/t CORP Bond ETFETF-Corp Bonds9.57%-0.22%+5.24%
5VGLTVanguard Long-term TreasuryETF-Gov Bonds9.26%+0.03%+8.24%
6VTCVanguard Total Corporate BndETF-Corp Bonds7.16%+1.31%+32.53%
7VEAVanguard Ftse Developed ETFETF-Other5.72%-0.37%-1.94%
8SCHPSchwab U.s. Tips ETFETF-Other4.21%-0.06%+4.96%
9USHYIshares Broad Usd High YieldETF-High Yield3.84%+0.51%+25.16%
10VCRBVanguard Core Bond ETFETF-Other3.59%+3.59%NEW
11VWOVanguard Ftse Emerging MarkeETF-Emerging Markets3.25%-0.21%—
12VTVVanguard Value ETFETF-Other2.75%-0.12%—
13VXFVanguard Extended Market ETFETF-Other2.57%-0.22%—
14VTVanguard Tot World Stk ETFETF-Other2.43%-0.37%-5.26%
15VGSHVanguard Short-term TreasuryETF-Gov Bonds2.32%-0.17%—
16SHYGIshares 0-5 Yr Hy CORP BondETF-Corp Bonds2.22%-0.18%—
17BCIAbrdn Bloomberg All CommoditETF-Other1.12%+0.16%+0.00%
18GNRState Street Spdr S&p GlobalETF-Other1.09%-0.06%-15.92%
19IGFIshares Global InfrastructurETF-Other1.04%-0.05%-6.29%
20REETIshares Global Reit ETFETF-Other1.04%-0.04%+1.92%
21GLDMSpdr Gold Minishares TrustETF-Commodities0.95%-0.21%-18.67%
22SPYSs Spdr S&p 500 ETF Trust-usETF-Large Cap & Growth0.52%-0.08%-3.33%
23IEFAIshares Core Msci Eafe ETFETF-Other0.46%-0.01%+1.93%
24SPBOSs Spdr P CORP Bond ETFETF-Corp Bonds0.42%+0.26%+179.86%
25IWVIshares Russell 3000 ETFETF-Other0.34%-0.04%+0.15%
26IEMGIshares Core Msci EmergingETF-Emerging Markets0.25%-0.02%-1.17%
27IWMIshares Russell 2000 ETFETF-Small Cap0.25%-0.02%+0.15%
28EFAIshares Msci Eafe ETFETF-Other0.23%-0.02%+0.17%
29TOVJlens 500 Jewish Advy US ETFETF-Other0.23%-0.03%+2.32%
30HEFAIsha Curr Hedged Msci EafeETF-Other0.20%-0.01%—
31IVVIshares Core S&p 500 ETFETF-Large Cap & Growth0.18%-0.04%-9.47%
32SPHYSs Spdr P High Yield ETFETF-High Yield0.15%+0.07%+101.92%
33EAGGIshares Esg Aware US AggregaETF-Other0.12%+0.04%+66.58%
34IJHIshares Core S&p Midcap ETFETF-Other0.10%-0.01%+0.18%
35IJRIshares Core S&p Small-cap EETF-Small Cap0.08%-0.01%+0.12%
36EISIshares Msci Israel ETFETF-Other0.07%——
37ITOTIshares Core S&p Total U.s.ETF-Other0.07%-0.01%—
38EEMIshares Msci Emerging MarketETF-Emerging Markets0.07%-0.01%-16.42%
39VTIPVanguard Short-term TipsETF-Other0.07%——
40EFAXState Street Spdr Msci EafeETF-Other0.05%-0.01%—
41IYRIshares US Real Estate ETFETF-Other0.04%—+2.63%
42ESGUIshares Esg Aware Msci USAETF-Other0.04%——
43VSSVanguard Ftse All Wo X-us ScETF-Other0.03%——
44SUSAIshares Esg Optimized Msci UETF-Other0.03%+0.01%+29.52%
45ESGDIshares Trust Ishares Esg AwETF-Other0.03%——
46SNPEXtrckr S&p 500 Scor&scrn ETFETF-Large Cap & Growth0.01%——
47SPYMSte Str Spdr Pt S&p 500 ETFETF-Large Cap & Growth———
48VXUSVanguard Total Intl StockETF-Other———
49VTEBVanguard Tax-exempt Bond ETFETF-Other———
50VTESVanguard Sh Term Tax-ex BondETF-Other——-7.36%
1–50 of 51

Holding changes this quarter

Nepc LLC's most significant position changes for 2026-03-31: New buy: Vanguard Core Bond ETF (VCRB); Sold out: Progressive CORP (PGR); Trim: Vanguard S&p 500 ETF (VOO) — shares -3.87%; Add: Vanguard Total Corporate Bnd (VTC) — shares +32.53%; Add: Ishares Broad Usd High Yield (USHY) — shares +25.16%.

Position changes disclosed by Nepc LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1VTCVanguard Total Corporate Bnd+1.3%+32.53%Add
2USHYIshares Broad Usd High Yield+0.5%+25.16%Add
3SPBOSs Spdr P CORP Bond ETF+0.3%+179.86%Add
4BCIAbrdn Bloomberg All Commodit+0.2%+0.00%Add
5SPHYSs Spdr P High Yield ETF+0.1%+101.92%Add
6EAGGIshares Esg Aware US Aggrega0%+66.58%Add
7VGLTVanguard Long-term Treasury0%+8.24%Add
8SUSAIshares Esg Optimized Msci U0%+29.52%Add
9EISIshares Msci Israel ETF——Unchanged
10ESGUIshares Esg Aware Msci USA——Unchanged
11IYRIshares US Real Estate ETF—+2.63%Add
12VTIPVanguard Short-term Tips——Unchanged
13SNPEXtrckr S&p 500 Scor&scrn ETF——Unchanged
14VSSVanguard Ftse All Wo X-us Sc——Unchanged
15ESGDIshares Trust Ishares Esg Aw——Unchanged
16SPYMSte Str Spdr Pt S&p 500 ETF——Unchanged
17VTESVanguard Sh Term Tax-ex Bond—-7.36%Trim
18VXUSVanguard Total Intl Stock——Unchanged
19IEFAIshares Core Msci Eafe ETF0%+1.93%Add
20EEMIshares Msci Emerging Market0%-16.42%Trim
21HEFAIsha Curr Hedged Msci Eafe0%—Unchanged
22ITOTIshares Core S&p Total U.s.0%—Unchanged
23IJRIshares Core S&p Small-cap E0%+0.12%Add
24IJHIshares Core S&p Midcap ETF0%+0.18%Add
25EFAXState Street Spdr Msci Eafe0%—Unchanged
26IEMGIshares Core Msci Emerging0%-1.17%Trim
27EFAIshares Msci Eafe ETF0%+0.17%Add
28IWMIshares Russell 2000 ETF0%+0.15%Add
29TOVJlens 500 Jewish Advy US ETF0%+2.32%Add
30IVVIshares Core S&p 500 ETF0%-9.47%Trim
31REETIshares Global Reit ETF0%+1.92%Add
32IWVIshares Russell 3000 ETF0%+0.15%Add
33IGFIshares Global Infrastructur-0.1%-6.29%Trim
34SCHPSchwab U.s. Tips ETF-0.1%+4.96%Add
35GNRState Street Spdr S&p Global-0.1%-15.92%Trim
36SPYSs Spdr S&p 500 ETF Trust-us-0.1%-3.33%Trim
37VTVVanguard Value ETF-0.1%—Unchanged
38VGSHVanguard Short-term Treasury-0.2%—Unchanged
39SHYGIshares 0-5 Yr Hy CORP Bond-0.2%—Unchanged
40GLDMSpdr Gold Minishares Trust-0.2%-18.67%Trim
41VWOVanguard Ftse Emerging Marke-0.2%—Unchanged
42VCSHVanguard S/t CORP Bond ETF-0.2%+5.24%Add
43VXFVanguard Extended Market ETF-0.2%—Unchanged
44VCITVanguard Int-term Corporate-0.3%+4.88%Add
45VTVanguard Tot World Stk ETF-0.4%-5.26%Trim
46VEAVanguard Ftse Developed ETF-0.4%-1.94%Trim
47VGITVanguard Intermediate-term T-0.7%—Unchanged
48VOOVanguard S&p 500 ETF-2%-3.87%Trim
49VCRBVanguard Core Bond ETF—NEWNew buy
50PGRProgressive CORP—EXITSold out

FAQ

What is Nepc LLC and what type of investor is it?
Nepc LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $5.0B, spread across 51 disclosed positions.
What are Nepc LLC's largest equity positions?
Based on the latest 13F filing, Nepc LLC's top holdings by market value are: 1. Vanguard S&p 500 ETF (VOO) — $584.5M (11.6%) 2. Vanguard Int-term Corporate (VCIT) — $528.8M (10.5%) 3. Vanguard Intermediate-term T (VGIT) — $484.6M (9.7%) 4. Vanguard S/t CORP Bond ETF (VCSH) — $480.8M (9.6%) 5. Vanguard Long-term Treasury (VGLT) — $465.2M (9.3%)
What changes did Nepc LLC make in its most recent portfolio filing?
In the latest reported quarter, Nepc LLC made 33 notable position adjustments: 1 new positions were initiated, 20 existing holdings were added to, 11 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Vanguard Core Bond ETF (VCRB); Sold out: Progressive CORP (PGR); Trim: Vanguard S&p 500 ETF (VOO) — shares -3.87%; Add: Vanguard Total Corporate Bnd (VTC) — shares +32.53%; Add: Ishares Broad Usd High Yield (USHY) — shares +25.16%
What sectors does Nepc LLC focus on?
Sector breakdown data is not yet available for Nepc LLC. Check back after the next 13F processing cycle.

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