13F
中
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Cerity Partners OCIO LLC

13F equity value
$1.7B
Positions
25
Top 10 concentration
89.7%
Quarters / total new picks
19 / 403
13F equity value over time
$0M$2B$3B201720182019202020212022202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 19 quarters, returned +1.2% per quarter — versus +1.7% per quarter from simply owning every 13F stock. It beat that baseline in only 52.6% of quarters (excess t = -0.85, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-1.3%
t-stat
-0.85
Quarterly win rate
53%
Annualized excess
-0.8%
$1 → follow vs universe
$1.18 vs $1.23
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820190930: universe 1.12720191231: universe 0.90920200331: universe 1.09620200630: universe 1.21120200930: universe 1.48520210331: universe 1.49820210630: universe 1.61820210930: universe 1.45220211231: universe 1.23620220331: universe 1.32720220630: universe 1.22920220930: universe 1.32120221231: universe 1.227 20180331: follow 1.03420180630: follow 0.99820180930: follow 1.05820181231: follow 1.01620190331: follow 1.01920190630: follow 1.10420190930: follow 1.20020191231: follow 1.02720200331: follow 1.12520200630: follow 1.23520200930: follow 1.49720210331: follow 1.52020210630: follow 1.56420210930: follow 1.37720211231: follow 1.28420220331: follow 1.21020220630: follow 1.13920220930: follow 1.21820221231: follow 1.183 0.84 1.29 1.75 20182019202020212022 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 25 · 2026 Q1

Ticker Value Weight QoQ
VOO $274M
16.4%
TRIM
XLK $225M
13.5%
HOLD
IEF $180M
10.8%
TRIM
BWX $156M
9.3%
TRIM
SCHP $150M
9.0%
ADD
IEMG $121M
7.3%
ADD
GLD $117M
7.0%
ADD
VT $116M
7.0%
TRIM
EMLP $80M
4.8%
ADD
EIPX $76M
4.6%
HOLD
TLH $56M
3.4%
TRIM
SHY $20M
1.2%
ADD
IDEV $15M
0.9%
NEW
AGG $12M
0.7%
TRIM
GOVT $12M
0.7%
HOLD
XLE $11M
0.7%
NEW
NUEM $9M
0.5%
ADD
VEA $9M
0.5%
TRIM
VWO $6M
0.3%
HOLD
NUDM $6M
0.3%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

IDEVXLE

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.