Q4 2025 · 13F-HR
PARTNERS CAPITAL INVESTMENT GROUP, LLPholdings as filed
Filed 2026-02-13 · accession 0001104659-26-014776
$2.68B
Reported value
166
Positions
2025-12-31
Period end
The Brief · PARTNERS CAPITAL INVESTMENT GROUP, LLP · Q4 2025
AI · grounded in 13F
PARTNERS CAPITAL INVESTMENT GROUP, LLP established a new position in the iShares J.P. Morgan EM Local Currency Bond ETF LEMB valued at $16.0M. The fund increased its holdings in the Vanguard Intermediate-Term Treasury ETF VGIT by 67.7% and the iShares 0-5 Year TIPS Bond ETF STIP by 39.7%. Conversely, the fund closed its position in ABB Ltd and trimmed its stake in the iShares Broad USD High Yield Corporate Bond ETF USHY by 48.7%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464287200 | IVV | iShares Core S&P 500 ETF | $594.3M | 22.1% | 867,648 | Common | SOLE |
| 92206C102 | VGSH | Vanguard Short-Term Treasury ETF | $170.3M | 6.35% | 2,899,929 | Common | SOLE |
| 46434V803 | HEFA | iShares Currency Hedged MSCI EAFE ETF | $142.4M | 5.31% | 3,442,271 | Common | SOLE |
| 46434G103 | IEMG | iShares Core MSCI Emerging Markets ETF | $142.1M | 5.30% | 2,114,082 | Common | SOLE |
| 46429B747 | STIP | iShares 0-5 Year TIPS Bond ETF | $132.1M | 4.92% | 1,290,115 | Common | SOLE |
| 922908744 | VTV | Vanguard Value ETF | $116.4M | 4.34% | 609,367 | Common | SOLE |
| 922908363 | VOO | Vanguard S&P 500 ETF | $114.7M | 4.28% | 182,948 | Common | SOLE |
| 46434G764 | EMXC | iShares MSCI Emerging Markets ex China ETF | $84.0M | 3.13% | 1,155,424 | Common | SOLE |
| 922042742 | VT | Vanguard Total World Stock ETF | $80.7M | 3.01% | 572,306 | Common | SOLE |
| 464287176 | TIP | iShares TIPS Bond ETF | $79.4M | 2.96% | 722,269 | Common | SOLE |
| 464287150 | ITOT | iShares Core S&P Total US Stock Market ETF | $69.3M | 2.58% | 466,334 | Common | SOLE |
| 46432F842 | IEFA | iShares Core MSCI EAFE ETF | $68.0M | 2.54% | 760,649 | Common | SOLE |
| 233051507 | DBJP | Xtrackers MSCI Japan Hedged Equity ETF | $63.7M | 2.37% | 672,898 | Common | SOLE |
| 464287440 | IEF | iShares 7-10 Year Treasury Bond ETF | $48.1M | 1.79% | 500,192 | Common | SOLE |
| 464288257 | ACWI | iShares MSCI ACWI ETF | $40.8M | 1.52% | 288,213 | Common | SOLE |
| 46434V647 | REET | iShares Global REIT ETF | $39.0M | 1.45% | 1,563,807 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF Trust | $38.9M | 1.45% | 57,015 | Common | SOLE |
| 871607107 | SNPS | Synopsys Inc | $38.9M | 1.45% | 57,015 | Common | SOLE |
| 92206C706 | VGIT | Vanguard Intermediate-Term Treasury ETF | $32.8M | 1.22% | 546,946 | Common | SOLE |
| 464285105 | IAUUSD | iShares Gold Trust | $30.6M | 1.14% | 376,393 | Common | SOLE |
| 46436E718 | SGOV | iShares 0-3 Month Treasury Bond ETF | $28.8M | 1.07% | 287,091 | Common | SOLE |
| 78468R796 | SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | $20.0M | 0.75% | 356,322 | Common | SOLE |
| 46434V886 | HEWJ | iShares Currency Hedged MSCI Japan ETF | $19.1M | 0.71% | 361,583 | Common | SOLE |
| 46434G822 | EWJ | iShares MSCI Japan ETF | $17.2M | 0.64% | 212,681 | Common | SOLE |
| 46435G847 | HAWX | iShares Currency Hedged MSCI ACWI EX US ETF | $17.2M | 0.64% | 434,639 | Common | SOLE |
| 97717W851 | DXJ | WisdomTree Japan Hedged Equity Fund | $17.1M | 0.64% | 118,546 | Common | SOLE |
| 464288158 | SUB | iShares Short-Term National Muni Bond ETF | $17.0M | 0.63% | 159,194 | Common | SOLE |
| 464286517 | LEMB | iShares J.P. Morgan EM Local Currency Bond ETF | $16.0M | 0.60% | 385,814 | Common | SOLE |
| 81369Y506 | XLE | Energy Select Sector SPDR Fund | $13.2M | 0.49% | 296,295 | Common | SOLE |
| 922908553 | VNQ | Vanguard Real Estate ETF | $12.7M | 0.47% | 143,402 | Common | SOLE |
| 19762B202 | XCEM | Columbia EM Core ex-China ETF | $12.3M | 0.46% | 320,043 | Common | SOLE |
| 78468R523 | BILS | SPDR Bloomberg 3-12 Month T-Bill ETF | $11.8M | 0.44% | 118,527 | Common | SOLE |
| 464287689 | IWV | iShares Russell 3000 ETF | $11.5M | 0.43% | 29,847 | Common | SOLE |
| 464287465 | EFA | iShares MSCI EAFE ETF | $11.4M | 0.43% | 119,137 | Common | SOLE |
| 92206C664 | VTWO | Vanguard Russell 2000 ETF | $11.4M | 0.42% | 114,466 | Common | SOLE |
| 29287L205 | PWRD | TCW Transform Systems ETF | $10.1M | 0.38% | 105,340 | Common | SOLE |
| 46429B671 | MCHI | iShares MSCI China ETF | $10.1M | 0.38% | 168,407 | Common | SOLE |
| 46435U853 | USHY | iShares Broad USD High Yield Corporate Bond ETF | $9.7M | 0.36% | 258,826 | Common | SOLE |
| 464287655 | IWM | iShares Russell 2000 ETF | $9.2M | 0.34% | 37,199 | Common | SOLE |
| 464287457 | SHY | iShares 1-3 Year Treasury Bond ETF | $8.8M | 0.33% | 106,376 | Common | SOLE |
| 92189F635 | ISRA | VanEck Israel ETF | $8.7M | 0.32% | 147,257 | Common | SOLE |
| 233051200 | DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | $8.4M | 0.31% | 175,554 | Common | SOLE |
| 78468R663 | BIL | SPDR Bloomberg Barclays 1-3 Month T-Bill ETF | $7.5M | 0.28% | 82,502 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $7.4M | 0.28% | 15,328 | Common | SOLE |
| 46090E103 | QQQ | Invesco QQQ Trust Series 1 | $6.8M | 0.25% | 11,106 | Common | SOLE |
| 464288679 | SHV | iShares Short Treasury Bond ETF | $6.3M | 0.24% | 57,618 | Common | SOLE |
| 922908769 | VTI | Vanguard Total Stock Market ETF | $6.2M | 0.23% | 18,369 | Common | SOLE |
| 46137V357 | RSP | Invesco S&P 500 Equal Weight ETF | $6.0M | 0.22% | 31,350 | Common | SOLE |
| 464286665 | EPP | iShares MSCI Pacific ex Japan ETF | $6.0M | 0.22% | 118,784 | Common | SOLE |
| 46432F339 | QUAL | iShares Edge MSCI USA Quality Factor ETF | $5.9M | 0.22% | 29,789 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc | $5.9M | 0.22% | 8,925 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc | $5.7M | 0.21% | 18,077 | Common | SOLE |
| 464286392 | URTH | iShares MSCI World ETF | $4.9M | 0.18% | 26,420 | Common | SOLE |
| 78463V107 | GLD | SPDR Gold Shares | $4.9M | 0.18% | 12,310 | Common | SOLE |
| 78467V608 | SRLN | SPDR Blackstone Senior Loan ETF | $4.6M | 0.17% | 111,806 | Common | SOLE |
| G5494J103 | — | Linde PLC | $4.6M | 0.17% | 10,698 | Common | SOLE |
| 576323109 | MTZ | MasTec Inc | $4.5M | 0.17% | 20,623 | Common | SOLE |
| 79466L302 | CRM | salesforce.com Inc | $4.5M | 0.17% | 16,907 | Common | SOLE |
| 464287234 | EEM | iShares MSCI Emerging Markets ETF | $4.5M | 0.17% | 81,461 | Common | SOLE |
| 14040H105 | COF | Capital One Financial Corp | $4.4M | 0.16% | 18,202 | Common | SOLE |
| 92826C839 | V | Visa Inc | $4.3M | 0.16% | 12,356 | Common | SOLE |
| H5820Q150 | NVSEF | Novartis AG | $4.3M | 0.16% | 31,324 | Common | SOLE |
| 808513105 | SCHW | Charles Schwab Corp/The | $4.3M | 0.16% | 43,137 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb Co | $4.3M | 0.16% | 78,972 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | $4.3M | 0.16% | 14,007 | Common | SOLE |
| 65249B109 | NWSA | News Corp | $4.2M | 0.15% | 159,129 | Common | SOLE |
| 893641100 | TDG | Transdigm Group Inc | $4.1M | 0.15% | 3,097 | Common | SOLE |
| 78409V104 | SPGI | S&P Global Inc | $4.1M | 0.15% | 7,809 | Common | SOLE |
| 45866F104 | ICE | Intercontinental Exchange Inc | $4.0M | 0.15% | 24,959 | Common | SOLE |
| 929160109 | VMC | Vulcan Materials Co | $4.0M | 0.15% | 14,099 | Common | SOLE |
| 43300A203 | HLT | Hilton Worldwide Holdings Inc | $4.0M | 0.15% | 13,757 | Common | SOLE |
| 922042866 | VPL | Vanguard FTSE Pacific ETF | $3.9M | 0.14% | 42,905 | Common | SOLE |
| 911363109 | URI | United Rentals Inc | $3.9M | 0.14% | 4,782 | Common | SOLE |
| 902252105 | TYL | Tyler Technologies Inc | $3.8M | 0.14% | 8,402 | Common | SOLE |
| 76131D103 | QSR | Restaurant Brands International Inc | $3.7M | 0.14% | 53,939 | Common | SOLE |
| 244199105 | DE | Deere & Co | $3.7M | 0.14% | 7,843 | Common | SOLE |
| 46435G425 | ESGU | iShares Trust iShares ESG Aware MSCI USA ETF | $3.6M | 0.13% | 24,006 | Common | SOLE |
| 11135F101 | AVGO | Broadcom Inc | $3.6M | 0.13% | 10,288 | Common | SOLE |
| G3421J106 | FERG1GBX | Ferguson PLC | $3.5M | 0.13% | 15,873 | Common | SOLE |
| 037833100 | AAPL | Apple Inc | $3.4M | 0.13% | 12,565 | Common | SOLE |
| 464288414 | MUB | iShares National Muni Bond ETF | $3.3M | 0.12% | 30,959 | Common | SOLE |
| 233051853 | DBEU | Xtrackers MSCI Europe Hedged Equity ETF | $3.2M | 0.12% | 65,740 | Common | SOLE |
| 81762P102 | NOW | ServiceNow Inc | $2.9M | 0.11% | 19,165 | Common | SOLE |
| 46429B697 | USMV | iShares Edge MSCI Min Vol USA ETF | $2.8M | 0.10% | 29,341 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc | $2.4M | 0.09% | 7,760 | Common | SOLE |
| 922020805 | VTIP | Vanguard Short-Term Inflation-Protected Securities ETF | $2.4M | 0.09% | 48,597 | Common | SOLE |
| 464288562 | REZ | iShares Residential and Multisector Real Estate ETF | $2.4M | 0.09% | 28,990 | Common | SOLE |
| 46429B598 | INDA | iShares MSCI India ETF | $2.3M | 0.08% | 41,894 | Common | SOLE |
| 477839104 | JBTM | John Bean Technologies Corp | $2.1M | 0.08% | 13,816 | Common | SOLE |
| 91307C102 | UTHR | United Therapeutics Corp | $2.0M | 0.07% | 4,076 | Common | SOLE |
| 04016X101 | ARGX | Argenx SE | $1.8M | 0.07% | 2,159 | Common | SOLE |
| 45337C102 | INCY | Incyte Corp | $1.8M | 0.07% | 18,253 | Common | SOLE |
| 83304A106 | SNAP | Snap Inc | $1.8M | 0.07% | 218,359 | Common | SOLE |
| 449586106 | IGIFF | IGM Financial Inc | $1.7M | 0.07% | 13,547 | Common | SOLE |
| 464287549 | IGM | iShares Expanded Tech Sector ETF | $1.7M | 0.07% | 13,547 | Common | SOLE |
| 07725L102 | ONC | BeiGene Ltd | $1.7M | 0.07% | 5,744 | Common | SOLE |
| 500767306 | KWEB | KraneShares CSI China Internet ETF | $1.6M | 0.06% | 46,890 | Common | SOLE |
| 464288661 | IEI | iShares 3-7 Year Treasury Bond ETF | $1.5M | 0.06% | 12,797 | Common | SOLE |
| 443201108 | HWM | Howmet Aerospace Inc | $1.5M | 0.06% | 7,200 | Common | SOLE |
| 464287499 | IWR | iShares Russell Mid-Cap ETF | $1.5M | 0.05% | 15,239 | Common | SOLE |
| 00091G104 | ACVA | ACV Auctions Inc | $1.4M | 0.05% | 180,445 | Common | SOLE |
| 464287515 | IGV | iShares Expanded Tech-Software Sector ETF | $1.4M | 0.05% | 13,169 | Common | SOLE |
| 78468R861 | TIPX | SPDR Bloomberg 1-10 Year TIPS ETF | $1.4M | 0.05% | 72,114 | Common | SOLE |
| 922042676 | VNQI | Vanguard Global ex-U.S. Real Estate ETF | $1.3M | 0.05% | 28,136 | Common | SOLE |
| 464287523 | SOXX | iShares Semiconductor ETF | $1.2M | 0.05% | 4,016 | Common | SOLE |
| 464287408 | IVE | iShares S&P 500 Value ETF | $1.1M | 0.04% | 5,332 | Common | SOLE |
| 921908844 | VIG | Vanguard Dividend Appreciation ETF | $1.1M | 0.04% | 5,114 | Common | SOLE |
| 46435G334 | EWU | iShares MSCI United Kingdom ETF | $1.1M | 0.04% | 25,206 | Common | SOLE |
| 03768E105 | APOEUR | Apollo Global Management Inc | $1.1M | 0.04% | 7,391 | Common | SOLE |
| G6683N103 | NU | NU Holdings Ltd/Cayman Islands | $987,543 | 0.04% | 58,993 | Common | SOLE |
| 09257W100 | BXMT | Blackstone Mortgage Trust Inc | $850,626 | 0.03% | 44,466 | Common | SOLE |
| 78464A870 | XBI | SPDR S&P Biotech ETF | $845,487 | 0.03% | 6,934 | Common | SOLE |
| 464288240 | ACWX | iShares MSCI ACWI ex US ETF | $845,404 | 0.03% | 12,594 | Common | SOLE |
| 46138E800 | CQQQ | Invesco China Technology ETF | $662,940 | 0.02% | 12,749 | Common | SOLE |
| 69374H741 | SRVR | Pacer Funds Trust-Pacer Benchmark Data & Infrastructure Real Estate Sctr Etf | $650,540 | 0.02% | 22,714 | Common | SOLE |
| 09260D107 | BX | Blackstone Inc | $645,693 | 0.02% | 4,189 | Common | SOLE |
| 69374H766 | INDS | Pacer Funds Trust-Pacer Benchmark Industrial Real Estate Sctr Etf | $628,585 | 0.02% | 17,137 | Common | SOLE |
| G7997R103 | STX | Seagate Technology Holdings PLC | $620,729 | 0.02% | 2,254 | Common | SOLE |
| G7945M107 | STXN | Seagate Technology PLC | $620,729 | 0.02% | 2,254 | Common | SOLE |
| 231021106 | CMI | Cummins Inc | $614,582 | 0.02% | 1,204 | Common | SOLE |
| 64110L106 | NFLX | Netflix Inc | $605,690 | 0.02% | 6,460 | Common | SOLE |
| 37045V100 | GM | General Motors Co | $594,449 | 0.02% | 7,310 | Common | SOLE |
| 464289867 | AOR | iShares Core Growth Allocation ETF | $498,497 | 0.02% | 7,668 | Common | SOLE |
| 291011104 | EMR | Emerson Electric Co | $475,270 | 0.02% | 3,581 | Common | SOLE |
| 74348A467 | NOBL | ProShares S&P 500 Dividend Aristocrats ETF | $472,776 | 0.02% | 4,543 | Common | SOLE |
| G8994E103 | TT | Trane Technologies PLC | $471,710 | 0.02% | 1,212 | Common | SOLE |
| 92537N108 | VRT | Vertiv Holdings Co | $456,868 | 0.02% | 2,820 | Common | SOLE |
| 464288877 | EFV | iShares MSCI EAFE Value ETF | $451,576 | 0.02% | 6,324 | Common | SOLE |
| 36168Q104 | GFL | GFL Environmental Inc | $451,276 | 0.02% | 10,507 | Common | SOLE |
| 922042858 | VWO | Vanguard FTSE Emerging Markets ETF | $430,973 | 0.02% | 8,017 | Common | SOLE |
| 69331C108 | PCG | PG&E Corp | $418,881 | 0.02% | 26,066 | Common | SOLE |
| Q4982L109 | IREN | Iris Energy Ltd | $415,470 | 0.02% | 11,000 | Common | SOLE |
| F4035A557 | SAFRF | Safran SA | $404,498 | 0.02% | 1,158 | Common | SOLE |
| 92840M102 | VST | Vistra Energy Corp | $395,259 | 0.01% | 2,450 | Common | SOLE |
| 19260Q107 | COIN | Coinbase Global Inc | $393,031 | 0.01% | 1,738 | Common | SOLE |
| 760759100 | RSG | Republic Services Inc | $389,103 | 0.01% | 1,836 | Common | SOLE |
| 15189T107 | CNP | CenterPoint Energy Inc | $387,694 | 0.01% | 10,112 | Common | SOLE |
| 98389B100 | XEL | Xcel Energy Inc | $384,884 | 0.01% | 5,211 | Common | SOLE |
| 46138G599 | IBBQ | Invesco Nasdaq Biotechnology ETF | $366,781 | 0.01% | 12,917 | Common | SOLE |
| M96088105 | URGN | UroGen Pharma Ltd | $360,293 | 0.01% | 15,384 | Common | SOLE |
| 74164F103 | PRIM | Primoris Services Corp | $334,806 | 0.01% | 2,697 | Common | SOLE |
| 336433107 | FSLR | First Solar Inc | $327,582 | 0.01% | 1,254 | Common | SOLE |
| 48251W104 | KKR | KKR & Co Inc | $322,397 | 0.01% | 2,529 | Common | SOLE |
| G29183103 | ETN | Eaton Corp PLC | $311,503 | 0.01% | 978 | Common | SOLE |
| 40171V100 | GWRE | Guidewire Software Inc | $307,344 | 0.01% | 1,529 | Common | SOLE |
| 172967424 | C | Citigroup Inc | $283,790 | 0.01% | 2,432 | Common | SOLE |
| 94106L109 | WM | Waste Management Inc | $268,925 | 0.01% | 1,224 | Common | SOLE |
| 35137L105 | FOXA | Fox Corp | $256,403 | 0.01% | 3,509 | Common | SOLE |
| 526057104 | LEN | Lennar Corp | $252,407 | 0.01% | 2,455 | Common | SOLE |
| 91704F104 | UE | Urban Edge Properties | $252,291 | 0.01% | 13,147 | Common | SOLE |
| 494368103 | KMB | Kimberly-Clark Corp | $252,225 | 0.01% | 2,500 | Common | SOLE |
| 92204A405 | VFH | Vanguard Financials ETF | $250,588 | 0.01% | 1,877 | Common | SOLE |
| 90353T100 | UBER | Uber Technologies Inc | $250,278 | 0.01% | 3,063 | Common | SOLE |
| 12504L109 | CBRE | CBRE Group Inc | $238,612 | 0.01% | 1,484 | Common | SOLE |
| 464288513 | HYG | iShares iBoxx High Yield Corporate Bond ETF | $233,042 | 0.01% | 2,890 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Inc | $230,716 | 0.01% | 459 | Common | SOLE |
| 69608A108 | PLTR | Palantir Technologies Inc | $222,899 | 0.01% | 1,254 | Common | SOLE |
| 019770106 | ALLO | Allogene Therapeutics Inc | $221,388 | 0.01% | 161,597 | Common | SOLE |
| 88160R101 | TSLA | Tesla Inc | $221,262 | 0.01% | 492 | Common | SOLE |
| 353469109 | FC | Franklin Covey Co | $200,085 | 0.01% | 11,924 | Common | SOLE |
| 69002R103 | TEAD | Teads Holding Co | $147,402 | 0.01% | 209,407 | Common | SOLE |
| 73044W302 | POET | POET Technologies Inc | $145,590 | 0.01% | 23,000 | Common | SOLE |
| 683712103 | OPEN | Opendoor Technologies Inc | $124,331 | 0.00% | 21,326 | Common | SOLE |
| 137586103 | 9C0A | Cango Inc/KY | $112,500 | 0.00% | 75,000 | Common | SOLE |
| 09173B107 | 1B2 | Bitfarms Ltd/Canada | $47,000 | 0.00% | 20,000 | Common | SOLE |
| G1144A105 | BTBT | Bit Digital Inc | $18,900 | 0.00% | 10,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.