Nepc LLC
Annual return '25
+12.6%
SPY '25
+17.7%
Alpha
-5.1ptsvs SPY
Invested
$10B
Holdings
51
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 99%. 2 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$VOO
VANGUARD INDEX FDS
Q4 2025: Sold 99.8% (818.6k → 1.4k shares)
11.6%
02
$VCIT
VANGUARD SCOTTSDALE FDS
Q4 2025: Exited (was 4.42M shares)
10.5%
03
$VGIT
VANGUARD SCOTTSDALE FDS
Q4 2025: Exited (was 6.47M shares)
9.6%
04
$VCSH
VANGUARD SCOTTSDALE FDS
Q4 2025: Exited (was 5.01M shares)
9.6%
05
$VGLT
VANGUARD SCOTTSDALE FDS
Q4 2025: Exited (was 6.88M shares)
9.3%
06
$VTC
VANGUARD SCOTTSDALE FDS
Q4 2025: Exited (was 2.46M shares)
7.2%
07
$VEA
VANGUARD TAX-MANAGED FDS
Q1 2026: Sold 3.1% (8.2k → 7.9k shares)
5.7%
08
$SCHP
SCHWAB STRATEGIC TR
Q4 2025: Exited (was 4.59M shares)
4.2%
09
$USHY
ISHARES TR
Q4 2025: Exited (was 2.56M shares)
3.8%
10
$VCRB
VANGUARD MALVERN FDS
Held since at least Q1 2024
3.6%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 08:08 UTC.