Q2 2026 13F · SEC CIK 1424799

Nepc LLC

Institutional asset managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $5.4B
Reported positions: 53
Top holdings a year, 3 yrs: +5.9%
Assets under management: $152.7B

Nepc LLC is an institutional asset manager that reported 53 positions worth $5.4B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Vanguard Index Fds (VOO, 12.1%), Vanguard Scottsdale Fds (VCIT, 11.4%), Vanguard Scottsdale Fds (VGIT, 9.3%). A portfolio copying its top holdings returned 5.9% a year over the last 3 years, against 18.8% for the S&P 500.

Nepc LLC holdings largest 50 of 53 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Nepc LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
VOOVanguard Index Fds	12.1%	11.6%	941,895	-3.7%	$646.9M
VCITVanguard Scottsdale Fds	11.4%	10.5%	7,419,110	+16.1%	$613.2M
VGITVanguard Scottsdale Fds	9.3%	9.6%	8,475,832	+4.2%	$499.9M
VCSHVanguard Scottsdale Fds	9.2%	9.6%	6,254,317	+3.1%	$494.3M
VGLTVanguard Scottsdale Fds	9.1%	9.3%	8,860,856	+5.4%	$488.9M
VTCVanguard Scottsdale Fds	7.1%	7.2%	4,943,439	+5.6%	$379.7M
VEAVanguard Ftse Developed Markets Index Fu	5.7%	5.7%	4,298,995	-4.2%	$306.3M
SCHPSchwab Strategic Tr	4.1%	4.2%	8,321,737	+4.7%	$220.5M
USHYiShares Broad USD High Yield Corporate B	3.6%	3.8%	5,230,809	+0.0%	$193.6M
VWOVanguard Intl Equity Index F	3.4%	3.2%	3,017,415	+0.0%	$180.1M
VCRBVanguard Malvern Fds	3.3%	3.6%	2,299,200	-1.4%	$177.6M
VXFVanguard Index Fds	2.8%	2.6%	605,088	-3.4%	$149.0M
VTVVanguard Index Fds	2.6%	2.8%	648,293	-8.0%	$141.3M
VTVanguard Intl Equity Index F	2.3%	2.4%	800,713	-9.2%	$125.7M
VGSHVanguard Scottsdale Fds	2.2%	2.3%	1,993,299	+0.0%	$116.0M
SHYGIshares Tr	2.1%	2.2%	2,632,283	+0.0%	$111.6M
REETIshares Tr	1.1%	1.0%	2,080,016	+0.0%	$57.5M
GLDMWorld Gold Tr	1.0%	1.0%	664,100	+28.6%	$52.7M
IGFiShares Global Infrastructure	1.0%	1.0%	781,673	+0.0%	$52.1M
BCIAbrdn Etfs	1.0%	1.1%	2,308,438	+0.0%	$51.6M
GNRSpdr Index Shs Fds	0.9%	1.1%	731,730	+0.0%	$49.3M
SPBOSpdr Series Trust	0.9%	0.4%	1,669,124	+130.5%	$48.5M
SPYState Str Spdr S&p 500 ETF T	0.5%	0.5%	33,248	-16.9%	$24.8M
IEFAIshares Tr	0.5%	0.5%	253,188	+0.0%	$24.5M
IWVIshares Tr	0.4%	0.3%	46,031	+0.0%	$19.6M
SPHYSpdr Series Trust	0.3%	0.2%	750,656	+127.3%	$17.6M
IEMGIshares Inc	0.3%	0.3%	183,589	+0.0%	$15.2M
IWMIshares Tr	0.3%	0.3%	45,557	-10.5%	$13.7M
TOVEa Series Trust	0.2%	0.2%	404,606	-6.1%	$12.8M
EFAIshares Tr	0.2%	0.2%	108,493	-10.6%	$11.3M
IVVIshares Tr	0.2%	0.2%	13,913	+0.2%	$10.4M
HEFAIshares Tr	0.2%	0.2%	204,177	-15.3%	$9.6M
EAGGIshares Tr	0.1%	0.1%	130,692	+0.0%	$6.2M
IJHIshares Tr	0.1%	0.1%	75,763	+0.2%	$5.8M
IJRIshares Tr	0.1%	0.1%	33,886	+0.2%	$5.0M
EISIshares Inc	0.1%	0.1%	36,534	+17.6%	$4.4M
ITOTIshares Tr	0.1%	0.1%	25,076	+0.0%	$4.1M
VTIPVanguard Malvern Fds	0.1%	0.1%	65,564	+0.0%	$3.3M
EFAXSpdr Index Shs Fds	0.1%	0.1%	53,260	+0.0%	$2.9M
EEMIshares Tr	0.0%	0.1%	36,131	-37.7%	$2.5M
IYRIshares Tr	0.0%	0.0%	22,426	+0.5%	$2.3M
ESGUIshares Tr	0.0%	0.0%	13,905	+0.0%	$2.3M
SUSAIshares Tr	0.0%	0.0%	9,903	+0.0%	$1.5M
ESGDiShares ESG Aware MSCI EAFE ETF	0.0%	0.0%	13,340	+0.0%	$1.4M
SNPEDbx ETF Tr	0.0%	0.0%	9,245	+0.0%	$637K
VSSVanguard Intl Equity Index F	0.0%	0.0%	2,768	-74.6%	$427K
ITAIshares Tr	0.0%	—	1,000	—	$242K
SPLGSpdr Series Trust	0.0%	0.0%	1,387	-3.5%	$122K
VXUSVanguard Star Fds	0.0%	0.0%	759	-7.6%	$65K
AGGIshares Tr	0.0%	—	362	—	$36K

What Nepc LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +6.3% /yr; S&P 500 +20.1%
3 years: +5.9% /yr; S&P 500 +18.8%
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$5.4B	53
Q1 2026	$5.0B	51
Q4 2025	$4.7B	51
Q3 2025	$3.8B	49
Q2 2025	$3.9B	49
Q1 2025	$3.6B	46
Q4 2024	$3.7B	47
Q3 2024	$3.3B	41
Q2 2024	$3.0B	41
Q1 2024	$2.9B	40
Q4 2023	$1.8B	38
Q3 2023	$1.6B	42

Questions about Nepc LLC's portfolio

What stocks does Nepc LLC own?

Nepc LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 53 positions worth $5.4B. The largest are Vanguard Index Fds (VOO) at 12.1%, Vanguard Scottsdale Fds (VCIT) at 11.4%, Vanguard Scottsdale Fds (VGIT) at 9.3%, Vanguard Scottsdale Fds (VCSH) at 9.2% and Vanguard Scottsdale Fds (VGLT) at 9.1%.

What did Nepc LLC buy last quarter?

In Q2 2026, Nepc LLC added Spdr Series Trust (SPBO) (+130.5% shares), Spdr Series Trust (SPHY) (+127.3% shares) and World Gold Tr (GLDM) (+28.6% shares), compared with its Q1 2026 filing.

What did Nepc LLC sell last quarter?

In Q2 2026, Nepc LLC cut from its top 50 Vanguard Mun Bd Fds (VTEB), cut from its top 50 Vanguard Wellington Fd (VTES), Vanguard Intl Equity Index F (VSS) (-74.6% shares), Ishares Tr (EEM) (-37.7% shares) and State Str Spdr S&p 500 ETF T (SPY) (-16.9% shares), compared with its Q1 2026 filing.

How has Nepc LLC's portfolio performed?

A portfolio copying Nepc LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +5.9% a year over the last 3 years, against +18.8% for the S&P 500. Over 1 year: +6.3% against +20.1%.

When is Nepc LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Nepc LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Nepc LLC manage?

Nepc LLC reported $152.7B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $5.4B.