Glenmede Investment Management, LP

Key Holdings

• Core ETF exposure: VOO (5.00% of portfolio, $1.04B) and other broad‑market ETFs SPY, VTI, VB, IJR, VUG, VEA, EWJ, IWM, USRT and several specialized ETFs make up $3.62B (17.5%). VOO alone is the largest single holding, consistent with a broad‑market core.
• Mega‑cap technology: AAPL ($849.27M, 4.10%) and MSFT ($820.08M, 3.96%) are material single‑name exposures, together about 8.06% of assets. Alphabet is held in both share classes (GOOGL $324.67M, GOOG $298.09M) for a combined Alphabet exposure of $622.76M (≈3.0%).
• Other high‑conviction names: JPM ($365.95M), ORCL ($354.83M), AMZN ($261.55M), NVDA ($259.08M), LLY ($239.86M), and commodity/cyclical positions such as XOM ($150.93M) and CVX ($150.60M) are also notable.
• The portfolio displays a mix of large passive positions plus concentrated active holdings in technology, healthcare, financials and energy.

Sector Allocation and Notable Tilts

• By the filing’s sector buckets (as reported): ETFs $3.62B (17.5%), Technology $2.99B (14.4%), Financial Services $988M (4.8%), Communication Services $909M (4.4%), Consumer Cyclical $715M (3.5%), Healthcare $664M (3.2%), Consumer Defensive $487M (2.4%). An “Unknown” bucket of $660.7M (3.2%) is also reported.
• Technology is the largest active sector allocation (≈14.4%) driven by both direct holdings (AAPL, MSFT, NVDA, ORCL, AVGO, AMAT, LRCX, etc.) and likely ETF overlap.
• Significant ETF holdings create overlapping exposures: large index ETFs (VOO, SPY, VTI) and sector/cap‑tilt ETFs (VUG, VB, IJR, IWM, VEA, EWJ, USRT) mean the portfolio’s effective exposure to U.S. large caps, small caps, growth styles and international markets is materially amplified beyond the direct stock allocations.
• The combination of sizeable ETF allocations and large tech positions implies a core‑satellite structure with both market beta and concentrated active bets.