PARTNERS CAPITAL INVESTMENT GROUP, LLP Q1 2025 Filing

Filed May 14, 2025

Portfolio Value

$5.9B

Holdings

182

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (182 positions)

#	Stock	Shares	Value	% Portfolio
1	IVViShares Core S&P 500 ETF	2,087,173	$1.2B	19.82%
2	VOOVanguard S&P 500 ETF	724,788	$372.5M	6.30%
3	VTVVanguard Value ETF	1,663,047	$287.3M	4.86%
4	VTVanguard Total World Stock ETF	2,420,527	$280.7M	4.74%
5	VGSHVanguard Short-Term Treasury ETF	4,493,517	$263.7M	4.46%
6	BILSPDR Bloomberg Barclays 1-3 Month T-Bill ETF	2,812,458	$258.0M	4.36%
7	IEMGiShares Core MSCI Emerging Markets ETF	4,339,839	$234.2M	3.96%
8	HEFAiShares Currency Hedged MSCI EAFE ETF	6,089,415	$221.0M	3.74%
9	EMXCiShares MSCI Emerging Markets ex China ETF	4,000,438	$220.4M	3.73%
10	SGOViShares 0-3 Month Treasury Bond ETF	1,536,118	$154.6M	2.61%
11	ITOTiShares Core S&P Total US Stock Market ETF	1,168,032	$142.5M	2.41%
12	DBJPXtrackers MSCI Japan Hedged Equity ETF	1,735,374	$128.9M	2.18%
13	SPYSPDR S&P 500 ETF Trust	217,409	$121.6M	2.06%
14	TIPiShares TIPS Bond ETF	1,023,999	$113.8M	1.92%
15	STIPiShares 0-5 Year TIPS Bond ETF	994,985	$103.0M	1.74%
16	IEFiShares 7-10 Year Treasury Bond ETF	948,296	$90.4M	1.53%
17	VWSUXVanguard Short-Term Tax-Exempt Fund	5,116,419	$80.8M	1.37%
18	REETiShares Global REIT ETF	3,171,017	$76.9M	1.30%
19	ESGUiShares Trust iShares ESG Aware MSCI USA ETF	583,245	$71.1M	1.20%
20	SRLNSPDR Blackstone Senior Loan ETF	1,618,507	$66.6M	1.13%
21	BILSSPDR Bloomberg 3-12 Month T-Bill ETF	590,499	$58.7M	0.99%
22	HEWJiShares Currency Hedged MSCI Japan ETF	1,353,974	$56.8M	0.96%
23	VIPIXVanguard Inflation-Protected Securities Fund	5,496,666	$52.4M	0.89%
24	SNPSSynopsys Inc	88,464	$49.5M	0.84%
25	VINIXVanguard Institutional Index Fund	104,039	$47.4M	0.80%
26	USHYiShares Broad USD High Yield Corporate Bond ETF	1,228,973	$45.2M	0.76%
27	ESGVVanguard ESG US Stock ETF	440,383	$43.1M	0.73%
28	EWJiShares MSCI Japan ETF	619,425	$42.5M	0.72%
29	VGITVanguard Intermediate-Term Treasury ETF	647,546	$38.5M	0.65%
30	SPYXSPDR S&P 500 Fossil Fuel Reserves Free ETF	839,585	$38.4M	0.65%
31	DXJWisdomTree Japan Hedged Equity Fund	280,853	$30.9M	0.52%
32	ACWIiShares MSCI ACWI ETF	256,859	$29.9M	0.51%
33	VFIAXVanguard 500 Index Fund	56,287	$29.1M	0.49%
34	SHYiShares 1-3 Year Treasury Bond ETF	348,651	$28.8M	0.49%
35	URTHiShares MSCI World ETF	175,970	$27.0M	0.46%
36	AQLTiShares Core MSCI EAFE ETF	344,447	$26.1M	0.44%
37	VSGXVanguard ESG International Stock ETF	398,892	$23.5M	0.40%
38	VNQVanguard Real Estate ETF	257,341	$23.3M	0.39%
39	VTWOVanguard Russell 2000 ETF	278,280	$22.4M	0.38%
40	SUBiShares Short-Term National Muni Bond ETF	193,892	$20.5M	0.35%
41	APHKXArtisan International Value Fund	391,253	$19.4M	0.33%
42	ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	225,418	$18.4M	0.31%
43	MCHIiShares MSCI China ETF	330,341	$18.0M	0.30%
44	QUALiShares Edge MSCI USA Quality Factor ETF	101,407	$17.3M	0.29%
45	DBLTXDoubleLine Total Return Bond Fund	1,947,286	$17.2M	0.29%
46	XCEMColumbia EM Core ex-China ETF	559,637	$16.5M	0.28%
47	TLTiShares 20 plus Year Treasury Bond ETF	175,832	$16.0M	0.27%
48	IAUUSDiShares Gold Trust	267,057	$15.7M	0.27%
49	IYWiShares U.S. Technology ETF	105,813	$14.9M	0.25%
50	XLEEnergy Select Sector SPDR Fund	144,494	$13.5M	0.23%
51	SHViShares Short Treasury Bond ETF	120,599	$13.3M	0.23%
52	ICEIntercontinental Exchange Inc	73,364	$12.7M	0.21%
53	IWMiShares Russell 2000 ETF	62,911	$12.6M	0.21%
54	HAWXiShares Currency Hedged MSCI ACWI EX US ETF	366,467	$12.3M	0.21%
55	ISRAVanEck Israel ETF	290,246	$12.2M	0.21%
56	EPPiShares MSCI Pacific ex Japan ETF	267,073	$11.8M	0.20%
57	POSIXPrincipal Global Real Estate Securities Fund	1,260,465	$11.7M	0.20%
58	T7DTransdigm Group Inc	8,241	$11.4M	0.19%
59	VVisa Inc	32,501	$11.4M	0.19%
60	VWIUXVanguard Intermediate-Term Tax-Exempt Fund	842,558	$11.3M	0.19%
61	IWViShares Russell 3000 ETF	35,654	$11.3M	0.19%
62	SLQDiShares 0-5 Year Investment Grade Corporate Bond ETF	224,837	$11.3M	0.19%
63	ESGEiShares Inc iShares ESG Aware MSCI EM ETF	322,576	$11.3M	0.19%
64	METAMeta Platforms Inc	19,235	$11.1M	0.19%
65	DEDeere & Co	22,477	$10.5M	0.18%
66	BMYBristol-Myers Squibb Co	167,419	$10.2M	0.17%
67	CTVACorteva Inc	162,111	$10.2M	0.17%
68	VTIVanguard Total Stock Market ETF	36,217	$10.0M	0.17%
69	JPMJPMorgan Chase & Co	40,093	$9.8M	0.17%
70	DBEFXtrackers MSCI EAFE Hedged Equity ETF	226,059	$9.8M	0.17%
71	QSRRestaurant Brands International Inc	145,787	$9.7M	0.16%
72	MUBiShares National Muni Bond ETF	91,634	$9.7M	0.16%
73	NDQInvesco QQQ Trust Series 1	20,142	$9.4M	0.16%
74	TMOThermo Fisher Scientific Inc	18,753	$9.3M	0.16%
75	GOOGLAlphabet Inc	59,259	$9.2M	0.15%
76	TSMTaiwan Semiconductor Manufacturing Co Ltd	52,823	$8.8M	0.15%
77	RSPInvesco S&P 500 Equal Weight ETF	50,220	$8.7M	0.15%
78	APLDApplied Digital Corp	1,543,210	$8.7M	0.15%
79	BNBrookfield Corp	163,379	$8.6M	0.14%
80	VMCVulcan Materials Co	35,650	$8.3M	0.14%
81	CRMsalesforce.com Inc	30,226	$8.1M	0.14%
82	CSXCSX Corp	274,281	$8.1M	0.14%
83	USBUS Bancorp	187,852	$7.9M	0.13%
84	VNOVornado Realty Trust	203,558	$7.5M	0.13%
85	DBEUXtrackers MSCI Europe Hedged Equity ETF	160,858	$7.1M	0.12%
86	GQ9SPDR Gold Shares	24,620	$7.1M	0.12%
87	MSFTMicrosoft Corp	18,215	$6.8M	0.12%
88	ONCBeiGene Ltd	23,936	$6.5M	0.11%
89	VLUEiShares MSCI USA Value Factor ETF	57,877	$6.2M	0.10%
90	SLG2EURSL Green Realty Corp	101,607	$5.9M	0.10%
91	VWOVanguard FTSE Emerging Markets ETF	122,847	$5.6M	0.09%
92	EWUiShares MSCI United Kingdom ETF	140,611	$5.3M	0.09%
93	IVEiShares S&P 500 Value ETF	27,446	$5.2M	0.09%
94	NVSNovartis AG	46,107	$5.1M	0.09%
95	NOWServiceNow Inc	6,337	$5.0M	0.09%
96	REZiShares Residential and Multisector Real Estate ETF	57,980	$5.0M	0.08%
97	JBTJohn Bean Technologies Corp	40,717	$5.0M	0.08%
98	ARGXArgenx SE	8,124	$4.8M	0.08%
99	INTUIntuit Inc	7,379	$4.5M	0.08%
100	NWSANews Corp	163,778	$4.5M	0.08%

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