Arkolith/Funds/Nepc LLC

Nepc LLC

CIK 1424799
Holdings as of Mar 31, 2026·disclosed May 15, 2026·~45-day 13F lag·13F-HR
Inactive

Nepc LLC holds a concentrated book of 26 stocks worth $5.0B as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they trimmed VANGUARD INDEX FDS. Their largest long position is VANGUARD SHORT-TERM TREASURY at 48% of the equity book.

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holdings, largest changes, and filing provenance.
Opened
0
new positions
Added to
10
existing
Trimmed
10
reduced
Sold out
1
exited

Concentration

Top-heavy: concentrated book

Top 5 holdings
81%
Top 10 holdings
95%
Top 20 holdings
100%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

0% mapped to company sectors

ETF / fund or unclassified
100%
Financials
0%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

51 positions
#SecurityValueShares% PortLast moveHistory
1Vanguard Index FDS
S&P 500 ETF SHS
$584.5M978.2K
11.6%
−3.9%
Reduced · −39K sh
2Vanguard Scottsdale FDS
INT-TERM CORP
$528.8M6.39M
10.5%
+4.9%
Added · +297K sh
3Vanguard Scottsdale FDS
INTER TERM TREAS
$484.6M8.14M
9.6%
Held
4Vanguard Scottsdale FDS
SHRT TRM CORP BD
$480.8M6.07M
9.6%
+5.2%
Added · +302K sh
5Vanguard Scottsdale FDS
LONG TERM TREAS
$465.2M8.40M
9.3%
+8.2%
Added · +640K sh
6Vanguard Scottsdale FDS
TOTAL CORP BND
$359.8M4.68M
7.2%
+33%
Added · +1.1M sh
7Vanguard Tax-Managed FDS
VAN FTSE DEV MKT
$287.6M4.49M
5.7%
−1.9%
Reduced · −89K sh
8Schwab Strategic TR
US TIPS ETF
$211.5M7.95M
4.2%
+5.0%
Added · +375K sh
9Ishares TR
BROAD USD HIGH
$192.7M5.23M
3.8%
+25%
Added · +1.1M sh
10Vanguard Malvern FDS
CORE BD ETF
$180.4M2.33M
3.6%
New
New position
11Vanguard Intl Equity Index F
FTSE EMR MKT ETF
$163.1M3.02M
3.2%
Held
12Vanguard Index FDS
VALUE ETF
$138.3M704.9K
2.8%
Held
13Vanguard Index FDS
EXTEND MKT ETF
$128.9M626.5K
2.6%
Held
14Vanguard Intl Equity Index F
TT WRLD ST ETF
$122.0M881.8K
2.4%
−5.3%
Reduced · −49K sh
15Vanguard Scottsdale FDS
SHORT TERM TREAS
$116.7M1.99M
2.3%
Held
16Ishares TR
0-5YR HI YL CP
$111.4M2.63M
2.2%
Held
17Abrdn Etfs
BBRG ALL COMD K1
$56.1M2.31M
1.1%
~0%
Added · +91 sh
18SPDR Index SHS FDS
GLB NAT RESRCE
$54.6M731.7K
1.1%
−16%
Reduced · −139K sh
19Ishares TR
GLB INFRASTR ETF
$52.4M781.7K
1.0%
−6.3%
Reduced · −52K sh
20Ishares TR
GLOBAL REIT ETF
$52.3M2.08M
1.0%
+1.9%
Added · +39K sh
21World Gold TR
SPDR GLD MINIS
$47.9M516.4K
1.0%
−19%
Reduced · −119K sh
22SPDR S&P 500 ETF Trust
TR UNIT
$26.0M40.0K
0.5%
−3.3%
Reduced · −1K sh
23Ishares TR
CORE MSCI EAFE
$22.9M253.2K
0.5%
+1.9%
Added · +5K sh
24SPDR Series Trust
PORTFOLIO CRPORT
$21.0M724.2K
0.4%
+180%
Added · +465K sh
25Ishares TR
RUSSELL 3000 ETF
$17.1M46.0K
0.3%
+0.1%
Added · +70 sh
26Ishares Inc
CORE MSCI EMKT
$12.8M183.6K
0.3%
−1.2%
Reduced · −2K sh
27Ishares TR
RUSSELL 2000 ETF
$12.6M50.9K
0.3%
+0.1%
Added · +78 sh
28Ishares TR
MSCI EAFE ETF
$11.8M121.4K
0.2%
+0.2%
Added · +203 sh
29Ea Series Trust
JLENS 500 JEWISH
$11.8M431.1K
0.2%
+2.3%
Added · +10K sh
30Ishares TR
HDG MSCI EAFE
$10.2M241.2K
0.2%
Held
31Ishares TR
CORE S&P 500 ETF
$9.1M13.9K
0.2%
−9.5%
Reduced · −1K sh
32SPDR Series Trust
PORTFOLI HIGH YLD
$7.7M330.2K
0.2%
+102%
Added · +167K sh
33Ishares TR
ESG AWR US AGRGT
$6.2M130.7K
0.1%
+67%
Added · +52K sh
34Ishares TR
CORE S&P MCP ETF
$5.1M75.6K
0.1%
+0.2%
Added · +137 sh
35Ishares TR
CORE S&P SCP ETF
$4.2M33.8K
0.1%
+0.1%
Added · +40 sh
36Ishares Inc
MSCI ISRAEL ETF
$3.6M31.1K
0.1%
Held
37Ishares TR
CORE S&P TTL STK
$3.6M25.1K
0.1%
Held
38Ishares TR
MSCI EMG MKT ETF
$3.3M58.0K
0.1%
−16%
Reduced · −11K sh
39Vanguard Malvern FDS
STRM INFPROIDX
$3.3M65.6K
0.1%
Held
40SPDR Index SHS FDS
MSCI EAFE FS ETF
$2.7M53.3K
0.1%
Held
41Ishares TR
U.S. REAL ES ETF
$2.1M22.3K
0.0%
+2.6%
Added · +571 sh
42Ishares TR
ESG AWR MSCI USA
$2.0M13.9K
0.0%
Held
43Vanguard Intl Equity Index F
FTSE SMCAP ETF
$1.6M10.9K
0.0%
Held
44Ishares TR
ESG OPTIMIZED
$1.3M9.9K
0.0%
+30%
Added · +2K sh
45Ishares TR
ESG AW MSCI EAFE
$1.3M13.3K
0.0%
Held
46DBX ETF TR
XTRACKRS S&P 500
$551K9.2K
0.0%
Held
47SPDR Series Trust
PORTFOLIO S&P500
$110K1.4K
0.0%
Held
48Vanguard Star FDS
VG TL INTL STK F
$63K821
0.0%
Held
49Vanguard Mun BD FDS
TAX EXEMPT BD
$34K675
0.0%
Held
50Vanguard Wellington FD
SHORT TRM TAX EX
$28K277
0.0%
−7.3%
Reduced · −22 sh
Showing 50 of 51 positions

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 15, 202651$5.0B13F-HR
Q4 2025Dec 31, 2025Feb 17, 202651$4.7B13F-HR
Q3 2025Sep 30, 2025Nov 14, 202549$3.8B13F-HR
Q2 2025Jun 30, 2025Oct 31, 202550$4.0B13F-HR/A
Q1 2025Mar 31, 2025May 20, 202547$3.6B13F-HR/A
Q4 2024Dec 31, 2024Feb 14, 202547$3.7B13F-HR
Q3 2024Sep 30, 2024Nov 14, 202441$3.3B13F-HR
Q2 2024Jun 30, 2024Aug 14, 202441$3.0B13F-HR
Q1 2024Mar 31, 2024May 15, 202440$2.9B13F-HR
Q4 2023Dec 31, 2023Feb 14, 202438$1.8B13F-HR
Q3 2023Sep 30, 2023Mar 8, 202442$1.6B13F-HR
Q2 2023Jun 30, 2023Mar 8, 202439$847.2M13F-HR
Q1 2023Mar 31, 2023Mar 8, 202424$329.1M13F-HR
Q4 2022Dec 31, 2022Mar 8, 202427$418.7M13F-HR
Q3 2022Sep 30, 2022Mar 8, 202427$739.1M13F-HR
Q2 2022Jun 30, 2022Mar 8, 202431$698.8M13F-HR
Q1 2022Mar 31, 2022Mar 8, 202431$147.8M13F-HR
Q4 2021Dec 31, 2021Mar 8, 202434$176.5M13F-HR
Q3 2021Sep 30, 2021Mar 8, 202448$340.8M13F-HR
Q2 2021Jun 30, 2021Mar 8, 202469$712.1M13F-HR
Q1 2021Mar 31, 2021Mar 8, 202437$268.6M13F-HR
Q4 2020Dec 31, 2020Mar 8, 202427$174.2M13F-HR
Amended / restated
  • Q2 2025 · filed Aug 14, 202513F-HR · superseded
  • Q1 2025 · filed May 15, 202513F-HR · superseded

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.