Cambridge Associates 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ISHARES TR	MSCI AC ASIA ETF	464288182	5,243	77,729	SH		SOLE		77,729	0	0
ISHARES TR	CORE US AGGBD ET	464287226	15,612	142,561	SH		SOLE		63,795	0	78,766
ALPS ETF TR	ALERIAN MLP	00162Q866	4,566	381,767	SH		SOLE		381,767	0	0
VANGUARD BD INDEX FD INC	SHORT TRM BOND	921937827	399	5,000	SH		SOLE		0	0	5,000
CITIGROUP INC A 19WTS WARRANTS	*W EXP 01/04/2019	172967226	203	1,354,400	SH		SOLE		1,354,400	0	0
EASTERLY GOVT PPTYS INC	COM	27616P103	8,538	407,527	SH		SOLE		242,099	0	165,428
ISHARES MSCI EAFE ETF	MSCI EAFE ETF	464287465	8,528	130,797	SH		SOLE		0	0	130,797
ISHARES TR	JP MOR EM MK ETF	464288281	8,602	75,217	SH		SOLE		0	0	75,217
ISHARES	MSCI CDA ETF	464286509	658	24,599	SH		SOLE		0	0	24,599
ISHARES	MSCI STH AFR ETF	464286780	5,109	90,074	SH		SOLE		0	0	90,074
SPDR GOLD TRUST	GOLD SHS	78463V107	53,351	452,053	SH		SOLE		65,660	0	386,393
SPDR INDEX SHS FDS	GLB NAT RESRCE	78463X541	27,129	653,238	SH		SOLE		449,336	0	203,902
ISHARES TR	HDG MSCI EAFE	46434V803	6,700	235,763	SH		SOLE		235,763	0	0
ISHARES GOLD TRUST	ISHARES	464285105	769	64,400	SH		SOLE		0	0	64,400
ISHARES TR	CORE MSCI EAFE	46432F842	2,010	33,011	SH		SOLE		0	0	33,011
ISHARES	3-7 YR TR BD ETF	464288661	97,354	787,842	SH		SOLE		0	0	787,842
ISHARES TR	CORE S&P500 ETF	464287200	14,211	58,381	SH		SOLE		50,559	0	7,822
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	15,566	49,008	SH		SOLE		40,333	0	8,675
SPDR S&P 500 ETF TR	TR UNIT	78462F103	15,447	63,882	SH		SOLE		0	0	63,882
ISHARES TR	20+ YR TR BD ETF	464287432	1,943	15,526	SH		SOLE		0	0	15,526
UNITED TECHNOLOGIES CORP	COM	913017109	2,130	17,445	SH		SOLE		0	0	17,445
VANGUARD SCOTTSDALE FDS	INT TERM CORP	92206C870	18,200	207,930	SH		SOLE		0	0	207,930
VANGUARD SCOTTSDALE FDS	SHRT TRM CORP BD	92206C409	89,829	1,122,301	SH		SOLE		0	0	1,122,301
VANGUARD WORLD FDS	ENERGY ETF	92204A306	5,164	58,350	SH		SOLE		36,572	0	21,778
VANGUARD TAX-MANAGED INTL FD	FTSE DEV MKT ETF	921943858	31,620	765,254	SH		SOLE		365,404	0	399,850
VANGUARD SCOTTSDALE FDS	MORTG-BACK SEC	92206C771	35,354	671,363	SH		SOLE		0	0	671,363
VANGUARD INDEX FDS	REIT ETF	922908553	2,069	24,858	SH		SOLE		0	0	24,858
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	55,559	250,198	SH		SOLE		113,396	0	136,802
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	22,956	339,935	SH		SOLE		0	0	339,935
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	1,677	13,474	SH		SOLE		0	0	13,474
VANGUARD INDEX FDS	GROWTH ETF	922908736	18,306	144,095	SH		SOLE		144,095	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	34,252	838,891	SH		SOLE		185,088	0	653,803
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	24,013	369,881	SH		SOLE		0	0	369,881