Institutional Manager · CIK 0001964962

Mill Creek Capital Advisors, LLC

Conshohocken, PA · File #028-23091

Latest AUM

$4.91B

Positions

251

Top-10 Concentration

80.6%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	VANGUARD INDEX FDS	922908736	-43,760	-$21.3M	+$20.8M
ADD	ISHARES TR	464287226	+126,954	+$12.7M	-$430,994
ADD	ISHARES TR	46429B267	+360,501	+$8.3M	-$436,512
REDUCE	VANGUARD INDEX FDS	922908363	-12,807	-$8.0M	+$2.5M
REDUCE	VANGUARD SCOTTSDALE FDS	92206C102	-98,690	-$5.8M	-$37,000
REDUCE	VANGUARD INDEX FDS	922908744	-28,348	-$5.4M	+$23.6M
ADD	ISHARES TR	464288588	+51,797	+$4.9M	+$48,670
NEW	ETORO GROUP LTD	ETOR	+123,644	+$4.3M	$0
ADD	ISHARES TR	46432F834	+38,112	+$3.2M	+$10.7M
ADD	VANGUARD SCOTTSDALE FDS	92206C573	+39,603	+$3.1M	-$646,452

Sector Allocation

Technology

1.5%$71.7M

Healthcare

1.3%$62.8M

Financials

0.8%$38.4M

Consumer Discretionary

0.4%$22.0M

Communication Services

0.1%$5.6M

0.1%$5.1M

0.1%$4.3M

0.1%$3.0M

0.0%$753,432

Filing History

Feb 13, 202613F HOLDINGS REPORTQ/E Dec 2025251 pos · $4.91B
Nov 12, 202513F HOLDINGS REPORTQ/E Sep 2025271 pos · $4.86B
Aug 11, 202513F HOLDINGS REPORTQ/E Jun 2025263 pos · $4.51B
May 13, 202513F HOLDINGS REPORTQ/E Mar 2025251 pos · $4.13B
Jan 29, 202513F HOLDINGS REPORTQ/E Dec 2024259 pos · $4.16B
Nov 6, 202413F HOLDINGS REPORTQ/E Sep 2024249 pos · $4.15B
Aug 14, 202413F HOLDINGS REPORTQ/E Jun 2024259 pos · $3.93B
May 14, 202413F HOLDINGS REPORTQ/E Mar 2024240 pos · $3.68B
Nov 14, 202313F HOLDINGS REPORTQ/E Dec 2023225 pos · $3.01B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD INDEX FDS	922908736	2,481,930	$1.21B	26.06%
2	VANGUARD INDEX FDS	922908744	5,221,026	$997.2M	21.46%
3	ISHARES TR	46432F834	5,226,735	$442.4M	9.52%
4	ISHARES TR	46432F842	4,403,827	$394.0M	8.48%
5	ISHARES INC	46434G103	2,392,705	$160.8M	3.46%
6	ISHARES TR	464287226	1,291,919	$129.0M	2.78%
7	ISHARES TR	46429B267	4,955,330	$114.1M	2.46%
8	VANGUARD INDEX FDS	922908611	483,233	$102.3M	2.20%
9	VANGUARD INDEX FDS	922908363	157,728	$98.9M	2.13%
10	VANGUARD INDEX FDS	922908595	313,730	$94.8M	2.04%
11	SPDR S&P 500 ETF TR	SPY	121,185	$82.6M	1.78%
12	ISHARES TR	464288588	746,585	$71.1M	1.53%
13	VANGUARD SCOTTSDALE FDS	92206C573	913,233	$70.9M	1.53%
14	LATTICE STRATEGIES TR	518416102	1,818,166	$67.2M	1.45%
15	ISHARES TR	464288257	417,884	$59.1M	1.27%
16	ISHARES TR	464287689	128,714	$49.8M	1.07%
17	JOHNSON & JOHNSON	JNJ	238,096	$49.3M	1.06%
18	APPLE INC	AAPL	149,129	$40.5M	0.87%
19	VANGUARD STAR FDS	921909768	529,743	$40.0M	0.86%
20	VANGUARD INDEX FDS	922908769	68,714	$23.0M	0.50%