SCS Capital Management LLC

Registered adviser

CIK

1303159

Location

BOSTON, MA

Portfolio Value

Large $10,580,323,912

Diversification

Diversified

Filing Date

Global Rank

#519 / 8,818 ▼ 9

Top Industry

Software - Infrastructure 9.0%

Period ended 4 months ago

Filed Aug 6, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 122258

Roster of Oct 1, 2026

Regulatory AUM

$48,650,197,284

Main clients

Individuals and high net worth (62% of AUM)

Private funds

62 funds · Private equity funds

Focus by fund count, roster of Oct 1, 2026

$16,825,912,267 gross assets

Registered funds advised

1 series (0 index, 0 ETFs)

$79,648,886 net assets· N-CEN Aug 31, 2025

LEI

549300LEDL3MLFIZWE54

Private funds on Schedule D 7.B.(1)

As filed Jul 12, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$13,664,993,237 gross assets in 52 funds Private equity funds $8,256,999,847 (39) Hedge funds $3,682,210,070 (4) Other private funds $1,725,780,320 (8) Real estate funds $3,000 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Aug 2026 to Oct 2026	$48,650,197,284	Individuals and high net worth (62%)
Apr 2026 to Jul 2026	$48,650,197,284	Individuals and high net worth (62%)
Apr 2025 to Mar 2026	$43,134,668,533	Individuals and high net worth (62%)
Mar 2025	$39,641,140,653	Individuals and high net worth (59%)
Aug 2024 to Feb 2025	$30,185,189,000	Individuals and high net worth (52%)
Apr 2024 to Jul 2024	$30,185,189,000	Individuals and high net worth (52%)

8 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 77.1% of the book (60%+)

Turnover

Low turnover

14.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 17.1 quarters (12+), a floor since 47.4% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 80.2%; sector active share 70.9% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

482 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

17.8%

+0.4 pts

Top 5

58.6%

−1.6 pts

Top 10

77.1%

−1.5 pts

HHI

875

Diversified−31

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	83.8%	$8,863,924,090	190
Technology	4.1%	$434,706,019	60
Financial Services	2.9%	$306,758,740	54
Healthcare	1.5%	$160,919,466	39
Energy	1.4%	$147,421,047	31
Consumer Cyclical	1.3%	$142,399,035	17
Industrials	1.3%	$136,535,884	39
Consumer Defensive	1.2%	$122,865,366	16
Communication Services	1.1%	$120,223,515	11
Real Estate	0.8%	$84,637,377	9
Basic Materials	0.5%	$53,677,580	9
Utilities	0.1%	$6,255,793	7

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
ET	Energy Transfer LP	+1,843,771	1,942,908	$37,148,391
AGG	iShares Core U.S. Aggregate Bond ETF	+955,483	1,143,665	$113,199,961
VGIT	VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND	+759,421	20,007,805	$1,180,060,338
EPD	Enterprise Products Partners L.P.	+495,256	556,413	$20,453,741
IWF	iShares Russell 1000 Growth ETF	+214,239	285,437	$35,442,712
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+206,596	236,352	$28,248,791
LPLA	LPL Financial Holdings Inc.	+198,350	213,511	$60,141,778
VUG	VANGUARD GROWTH INDEX FUND	+192,264	230,877	$19,887,744
MSFT	Microsoft Corp	+183,360	288,945	$107,782,263
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	+162,426	1,394,823	$218,917,469
EFAX	State Street(R) SPDR(R) MSCI EAFE Fossil Fuel Reserves Free ETF	+132,147	138,932	$7,519,138
CUZ	Cousins Properties Inc	+123,019	374,559	$11,229,278
VGLT	VANGUARD LONG-TERM TREASURY INDEX FUND	+70,673	1,094,918	$60,417,575
VTR	Ventas, Inc.	+62,549	298,587	$26,514,525
VO	VANGUARD MID-CAP INDEX FUND	+60,791	80,882	$6,516,662
DLR	Digital Realty Trust, Inc.	+60,265	90,880	$16,320,230
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	+56,427	638,200	$81,568,342
EFA	iShares MSCI EAFE ETF	+54,905	610,352	$63,403,365
IEFA	iShares Core MSCI EAFE ETF	+46,824	1,707,890	$164,948,016
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	+41,640	3,146,097	$276,479,004
VGK	VANGUARD EUROPEAN STOCK INDEX FUND	+35,180	40,346	$3,572,234
OTF	Blue Owl Technology Finance Corp.	+33,586	207,668	$2,149,363
UL	Unilever PLC	+32,426	224,254	$13,482,150
GBDC	GOLUB CAPITAL BDC, Inc.	+28,426	72,372	$932,151
TSLX	Sixth Street Specialty Lending, Inc.	+25,822	692,199	$11,885,056
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
QUAL	iShares MSCI USA Quality Factor ETF	−244,261	552,891	$121,320,872
VEA	Vanguard FTSE Developed Markets ETF	−195,885	9,107,726	$648,925,477
VIGI	Vanguard Whitehall Funds	−189,332	453,606	$42,357,728
IQLT	iShares MSCI Intl Quality Factor ETF	−174,441	532,178	$26,369,419
VBIL	Vanguard Institutional Index Funds	−108,078	1,375,765	$104,117,895
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	−100,768	1,829,597	$92,541,016
KO	Coca Cola Co	−78,100	308,044	$25,034,735
SCHF	Schwab International Equity ETF	−58,462	12,429,498	$344,297,094
XOM	ExxonMobil Holdings Corp	−57,218	16,257	$2,222,657
COWZ	Pacer US Cash Cows 100 ETF	−54,984	12,590	$783,098
SCHX	Schwab U.S. Large-Cap ETF	−46,641	413,829	$12,178,987
JNJ	Johnson & Johnson	−46,058	105,264	$26,733,898
OBDC	Blue Owl Capital Corp	−45,501	524,822	$5,704,815
LYFT	Lyft, Inc.	−44,838	22,000	$321,420
IJH	iShares Core S&P Mid-Cap ETF	−43,571	472,307	$36,419,592
TBN	Tamboran Resources Corp	−40,538	159,333	$5,179,915
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	−40,411	1,422,806	$224,846,032
ABNB	Airbnb, Inc.	−36,046	44,177	$6,321,728
SCHB	Schwab U.S. Broad Market ETF	−35,758	11,934,362	$345,619,123
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−34,930	2,568,469	$950,436,268
ALNY	Alnylam Pharmaceuticals, Inc.	−33,998	115,549	$34,783,715
ARCC	Ares Capital Corp	−26,268	345,103	$6,394,758
STUB	StubHub Holdings, Inc.	−26,235	731,155	$9,409,964
EVLV	Evolv Technologies Holdings, Inc.	−21,580	2,934,579	$17,020,558
VTV	VANGUARD VALUE INDEX FUND	−21,476	992,941	$216,391,632
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
PTC	Ptc Inc.	333,702	$37,911,884
HPE	Hewlett Packard Enterprise Co	397,972	$17,952,516
FOXA	Fox Corp	136,720	$7,131,315
LHX	L3harris Technologies, Inc.	17,937	$5,212,312
FDXF	FedEx Freight Holding Company, Inc.	22,612	$3,414,412
CRS	Carpenter Technology Corp	5,402	$3,332,169
EWG	iShares MSCI Germany ETF	73,601	$3,044,873
HONA	Honeywell Aerospace Inc.	7,768	$1,717,349
BETA	BETA Technologies, Inc.	98,240	$1,645,520
MDA	MDA Space Ltd.	24,300	$1,003,104
HIMS	Hims & Hers Health, Inc.	25,936	$899,201
TQQQ	ProShares UltraPro QQQ	9,141	$740,421
MOBI	Mobia Medical, Inc.	50,000	$670,000
EEMX	State Street(R) SPDR(R) MSCI Emerging Markets Fossil Fuel Reserves Free ETF	11,304	$612,100
SPXL	Direxion Daily S&P 500 Bull 3X Shares	1,964	$531,595
SGHT	Sight Sciences, Inc.	90,000	$487,800
IOT	Samsara Inc.	14,975	$485,639
CTSH	Cognizant Technology Solutions Corp	11,632	$450,507
LQDA	Liquidia Corp	5,466	$435,804
TXN	Texas Instruments Inc	1,462	$435,778
SGI	Somnigroup International Inc.	4,277	$335,316
FLEX	Flex Ltd.	1,912	$309,877
OSCR	Oscar Health, Inc.	10,000	$285,200
QURE	uniQure N.V.	6,164	$283,913
GE	General Electric Co	653	$244,045
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
RELX	Relx PLC	296,112	$9,816,112
KR	Kroger Co	64,245	$4,648,768
ORI	Old Republic International Corp	103,305	$4,121,869
SOC	Sable Offshore Corp.	50,000	$826,000
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	8,260	$647,666
UAA	Under Armour, Inc.	106,567	$629,810
INVH	Invitation Homes Inc.	25,018	$621,697
SCHW	Schwab Charles Corp	4,101	$385,411
RWL	Invesco Ltd.	3,111	$357,485
CMCSA	Comcast Corp	11,897	$341,562
WBD	Warner Bros. Discovery, Inc.	12,297	$337,675
CBRE	Cbre Group, Inc.	2,363	$320,091
RKLB	Rocket Lab Corp	4,983	$320,008
AVEM	Avantis Emerging Markets Equity ETF	3,766	$303,464
BMY	Bristol Myers Squibb Co	4,855	$294,455
AM	Antero Midstream Corp	12,568	$286,550
DFAT	Dimensional U.S. Targeted Value ETF	4,457	$278,339
EQT	EQT Corp	4,348	$276,706
TSCO	Tractor Supply Co	5,700	$258,210
MSCI	MSCI Inc.	464	$250,100
ROL	Rollins Inc	4,327	$231,105
ICE	Intercontinental Exchange, Inc.	1,330	$209,182
OUNZ	VanEck Merk Gold ETF	4,596	$207,049
USMV	iShares MSCI USA Min Vol Factor ETF	2,203	$204,306
HTZ	Hertz Global Holdings, Inc	17,241	$79,481
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

482 tracked positions · $10,580,323,912 total · filing declares 485 positions · $10,585,998,438 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 482 positions by value · page 1 of 10

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VGIT	VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND	Added	20,007,805	+759,421	$1,180,060,338	+3.0%	12	$58.87	11.15%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	2,568,469	-34,930	$950,436,268	+13.8%	26+	before history	8.98%
IWV	iShares Russell 3000 ETF	Reduced	1,858,646	-7,012	$792,526,654	+14.6%	26+	before history	7.49%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	9,107,726	-195,885	$648,925,477	+8.8%	26+	before history	6.13%
SPY	Spdr S&P 500 ETF Trust	Reduced	694,286	-6,796	$518,471,956	+13.7%	26+	before history	4.90%
SCHB	Schwab U.S. Broad Market ETF	Reduced	11,934,362	-35,758	$345,619,123	+15.0%	26+	before history	3.27%
SCHF	Schwab International Equity ETF	Reduced	12,429,498	-58,462	$344,297,094	+11.4%	26+	before history	3.25%
VOO	VANGUARD 500 INDEX FUND	Reduced	427,902	-15,257	$293,887,372	+11.0%	6	unpriced	2.78%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Added	3,146,097	+41,640	$276,479,004	+16.4%	6	$71.33	2.61%
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	Reduced	1,934,606	-5,727	$230,198,767	+21.2%	25	unpriced	2.18%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Reduced	1,422,806	-40,411	$224,846,032	+3.8%	6	$130.91	2.13%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Added	1,394,823	+162,426	$218,917,469	+28.4%	26+	before history	2.07%
VTV	VANGUARD VALUE INDEX FUND	Reduced	992,941	-21,476	$216,391,632	+8.7%	26+	before history	2.05%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Reduced	3,598,204	-3,783	$214,776,796	+10.3%	26+	before history	2.03%
IEFA	iShares Core MSCI EAFE ETF	Added	1,707,890	+46,824	$164,948,016	+9.7%	17	unpriced	1.56%
RSP	Victory Portfolios II	Reduced	665,247	-1,313	$141,544,604	+10.6%	6	$188.22	1.34%
QUAL	iShares MSCI USA Quality Factor ETF	Reduced	552,891	-244,261	$121,320,872	−20.7%	11	unpriced	1.15%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	1,143,665	+955,483	$113,199,961	+506.0%	26+	before history	1.07%
MSFT	Microsoft Corp Technology	Added	288,945	+183,360	$107,782,263	+175.8%	26+	before history	1.02%
VBIL	Vanguard Institutional Index Funds	Reduced	1,375,765	-108,078	$104,117,895	−7.2%	4	$75.49	0.98%
STIP	iShares 0-5 Year TIPS Bond ETF	Added	989,768	+21,774	$101,114,698	+1.0%	11	unpriced	0.96%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Reduced	1,829,597	-100,768	$92,541,016	−3.9%	26+	before history	0.87%
IVV	iShares Core S&P 500 ETF	Reduced	116,381	-153	$87,156,567	+14.5%	6	unpriced	0.82%
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	Added	638,200	+56,427	$81,568,342	+27.8%	6	$102.86	0.77%
VB	Vanguard Index Funds	Reduced	215,155	-4,553	$65,217,783	+13.3%	6	$250.76	0.62%
IVW	iShares S&P 500 Growth ETF	Reduced	466,610	-5,150	$64,172,873	+20.3%	26+	before history	0.61%
EFA	iShares MSCI EAFE ETF	Added	610,352	+54,905	$63,403,365	+17.5%	26+	before history	0.60%
XPEL	XPEL, Inc. Consumer Cyclical	Held	1,241,540	0	$61,580,384	+12.1%	6	$37.48	0.58%
VGLT	VANGUARD LONG-TERM TREASURY INDEX FUND	Added	1,094,918	+70,673	$60,417,575	+6.6%	11	$56.74	0.57%
LPLA	LPL Financial Holdings Inc. Financial Services	Added	213,511	+198,350	$60,141,778	+1218.6%	6	$303.56	0.57%
VDE	VANGUARD ENERGY INDEX FUND	Added	372,081	+3,636	$55,860,520	—	15	unpriced	0.53%
AAPL	Apple Inc. Technology	Reduced	190,488	-8,371	$55,119,607	+9.2%	26+	before history	0.52%
NYT	New York Times Co Communication Services	Reduced	787,060	-7,686	$55,078,458	−17.2%	6	$53.34	0.52%
ESGV	VANGUARD ESG U.S. STOCK ETF	Added	391,185	+652	$51,730,304	—	26+	before history	0.49%
IEMG	iShares Trust	Added	607,246	+5,570	$50,304,258	—	17	unpriced	0.48%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Reduced	473,126	-1,211	$45,623,540	+8.4%	15	$86.46	0.43%
VIGI	Vanguard Whitehall Funds	Reduced	453,606	-189,332	$42,357,728	−25.5%	6	$83.11	0.40%
VV	VANGUARD LARGE-CAP INDEX FUND	Added	112,499	+54	$38,689,531	+15.1%	6	unpriced	0.37%
IUSG	iShares Core S&P U.S. Growth ETF	Added	204,044	+395	$38,378,635	+21.5%	6	unpriced	0.36%
PTC	Ptc Inc. Technology	NEW	333,702	NEW	$37,911,884	NEW	1	$135.02	0.36%
ET	Energy Transfer LP Energy	Added	1,942,908	+1,843,771	$37,148,391	+1841.6%	6	unpriced	0.35%
IJH	iShares Core S&P Mid-Cap ETF	Reduced	472,307	-43,571	$36,419,592	+4.5%	8	unpriced	0.34%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	108,904	-942	$35,647,546	+10.3%	6	$255.08	0.34%
VSGX	VANGUARD ESG INTERNATIONAL STOCK ETF	Reduced	432,269	-6,774	$35,593,029	—	26+	before history	0.34%
IWF	iShares Russell 1000 Growth ETF	Added	285,437	+214,239	$35,442,712	+16.7%	6	unpriced	0.33%
AVGO	Broadcom Inc. Technology	Reduced	92,616	-3,867	$34,985,694	+17.2%	6	$215.26	0.33%
ALNY	Alnylam Pharmaceuticals, Inc. Healthcare	Reduced	115,549	-33,998	$34,783,715	−29.7%	6	$257.00	0.33%
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	Reduced	2,132,062	-18,113	$33,857,144	−9.1%	8	$13.50	0.32%
MDY	Spdr S&P Midcap 400 ETF Trust	Reduced	43,991	-6,350	$30,940,629	−0.3%	6	$567.65	0.29%
QQQ	Invesco Qqq Trust, Series 1	Reduced	41,950	-5,166	$30,891,980	+13.6%	6	$509.21	0.29%

Showing the top 50 of 482 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.