# EDGAR Filing Document

**Accession Number:** 0001424799
**File Stem:** 0000929638-26-001872
**Filing Date:** 2026-5
**Character Count:** 9139
**Document Hash:** d34f2bcf7ed53b5c16681d8d91a89d28
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000929638-26-001872.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0000929638-26-001872

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEPC LLC
- **CENTRAL INDEX KEY:** 0001424799

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23980
- **FILM NUMBER:** 26985535

**BUSINESS ADDRESS:**
- **STREET 1:** 225 FRANKLIN STREET, 29TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 617-374-1300

**MAIL ADDRESS:**
- **STREET 1:** 225 FRANKLIN STREET, 29TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** NEPC LLC<br>**Address:** 225 FRANKLIN STREET 29TH FLOOR<br>Boston, MA 02110

**Form 13F File Number:** 028-23980

**CRD Number (if applicable):** 000110562

**SEC File Number (if applicable):** 801-37227

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** John F. Regan III<br>**Title:** Chief Compliance Officer<br>**Phone:** 617-374-1300

**Signature, Place, and Date of Signing:**

/s/ John F. Regan III  Boston, MA  05-15-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 51

**Form 13F Information Table Value Total:** $5023512075

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABRDN ETFS | BBRG ALL COMD K1 | 003261104 |  | 56071959 | 2308438 | SH |  | SOLE |  | 2308438 | 0 | 0 |
| DBX ETF TR | XTRACKRS S 500 | 233051143 |  | 550540 | 9245 | SH |  | SOLE |  | 9245 | 0 | 0 |
| EA SERIES TRUST | JLENS 500 JEWISH | 02072Q846 |  | 11784521 | 431110 | SH |  | SOLE |  | 431110 | 0 | 0 |
| ISHARES INC | MSCI ISRAEL ETF | 464286632 |  | 3605247 | 31069 | SH |  | SOLE |  | 31069 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 12805263 | 183588 | SH |  | SOLE |  | 183588 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 3571575 | 25076 | SH |  | SOLE |  | 25076 | 0 | 0 |
| ISHARES TR | CORE S 500 ETF | 464287200 |  | 9067861 | 13882 | SH |  | SOLE |  | 13882 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 3291151 | 57953 | SH |  | SOLE |  | 57953 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 11789834 | 121382 | SH |  | SOLE |  | 121382 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 5106281 | 75615 | SH |  | SOLE |  | 75615 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 12629152 | 50924 | SH |  | SOLE |  | 50924 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 17062771 | 46031 | SH |  | SOLE |  | 46031 | 0 | 0 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 |  | 2110390 | 22318 | SH |  | SOLE |  | 22318 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 4202051 | 33803 | SH |  | SOLE |  | 33803 | 0 | 0 |
| ISHARES TR | GLB INFRASTR ETF | 464288372 |  | 52372091 | 781673 | SH |  | SOLE |  | 781673 | 0 | 0 |
| ISHARES TR | ISHS 5-10YR INVT | 464288638 |  | 8515 | 160 | SH |  | SOLE |  | 160 | 0 | 0 |
| ISHARES TR | ESG OPTIMIZED | 464288802 |  | 1308186 | 9903 | SH |  | SOLE |  | 9903 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 22919480 | 253170 | SH |  | SOLE |  | 253170 | 0 | 0 |
| ISHARES TR | 0-5YR HI YL CP | 46434V407 |  | 111371894 | 2632283 | SH |  | SOLE |  | 2632283 | 0 | 0 |
| ISHARES TR | GLOBAL REIT ETF | 46434V647 |  | 52312402 | 2080016 | SH |  | SOLE |  | 2080016 | 0 | 0 |
| ISHARES TR | HDG MSCI EAFE | 46434V803 |  | 10247669 | 241150 | SH |  | SOLE |  | 241150 | 0 | 0 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 1966445 | 13905 | SH |  | SOLE |  | 13905 | 0 | 0 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 1275571 | 13340 | SH |  | SOLE |  | 13340 | 0 | 0 |
| ISHARES TR | ESG AWR US AGRGT | 46435U549 |  | 6214405 | 130692 | SH |  | SOLE |  | 130692 | 0 | 0 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 192703004 | 5230809 | SH |  | SOLE |  | 5230809 | 0 | 0 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 211482602 | 7947486 | SH |  | SOLE |  | 7947486 | 0 | 0 |
| SPDR INDEX SHS FDS | MSCI EAFE FS ETF | 78470E106 |  | 2650537 | 53260 | SH |  | SOLE |  | 53260 | 0 | 0 |
| SPDR INDEX SHS FDS | GLB NAT RESRCE | 78463X541 |  | 54638279 | 731730 | SH |  | SOLE |  | 731730 | 0 | 0 |
| SPDR S 500 ETF TRUST | TR UNIT | 78462F103 |  | 26029859 | 40025 | SH |  | SOLE |  | 40025 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO CRPORT | 78464A144 |  | 21024310 | 724227 | SH |  | SOLE |  | 724227 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 110065 | 1438 | SH |  | SOLE |  | 1438 | 0 | 0 |
| SPDR SERIES TRUST | PORTFOLI HIGH YLD | 78468R606 |  | 7701010 | 330232 | SH |  | SOLE |  | 330232 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 584495923 | 978154 | SH |  | SOLE |  | 978154 | 0 | 0 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 128940903 | 626535 | SH |  | SOLE |  | 626535 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 138305304 | 704920 | SH |  | SOLE |  | 704920 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 1586487 | 10882 | SH |  | SOLE |  | 10882 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 121975279 | 881834 | SH |  | SOLE |  | 881834 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 163091281 | 3017415 | SH |  | SOLE |  | 3017415 | 0 | 0 |
| VANGUARD MALVERN FDS | CORE BD ETF | 922020748 |  | 180426946 | 2331700 | SH |  | SOLE |  | 2331700 | 0 | 0 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 3274922 | 65564 | SH |  | SOLE |  | 65564 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 33676 | 675 | SH |  | SOLE |  | 675 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 116687723 | 1993299 | SH |  | SOLE |  | 1993299 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 480817496 | 6065567 | SH |  | SOLE |  | 6065567 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | TOTAL CORP BND | 92206C573 |  | 359783596 | 4682853 | SH |  | SOLE |  | 4682853 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 484608193 | 8137837 | SH |  | SOLE |  | 8137837 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 465151663 | 8403065 | SH |  | SOLE |  | 8403065 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 528836300 | 6390771 | SH |  | SOLE |  | 6390771 | 0 | 0 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 63307 | 821 | SH |  | SOLE |  | 821 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 287551503 | 4487383 | SH |  | SOLE |  | 4487383 | 0 | 0 |
| VANGUARD WELLINGTON FD | SHORT TRM TAX EX | 921935870 |  | 28016 | 277 | SH |  | SOLE |  | 277 | 0 | 0 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 47868638 | 516438 | SH |  | SOLE |  | 516438 | 0 | 0 |

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