SCS Capital Management LLC

CIK

1303159

Location

BOSTON, MA

Portfolio Value

Mid $1,950,435,986

Diversification

Diversified

Filing Date

Global Rank

#1,226 / 8,605 ▼ 28 · as of Mar 2026

Top Industry

Semiconductors 6.8%

3Y Alpha vs SPY

+0.2%

Period ended 3 months ago

Filed May 11, 2026 · 59d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+77.0%

SPY

+76.5%

Annualised alpha

+0.1%

Max drawdown

−23.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

284 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

23.4%

−0.0 pts

Top 5

34.7%

+0.0 pts

Top 10

43.7%

−0.3 pts

HHI

634

Diversified−3

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	29.0%	$566,042,203	14
Technology	12.7%	$248,097,787	50
Financial Services	11.6%	$225,328,563	51
Healthcare	9.0%	$175,116,415	32
Consumer Cyclical	7.0%	$136,028,552	18
Consumer Defensive	6.8%	$132,408,914	16
Industrials	6.5%	$126,639,978	34
Energy	6.3%	$122,860,438	32
Communication Services	5.3%	$103,943,193	10
Real Estate	2.8%	$54,454,680	11
Basic Materials	2.7%	$53,334,953	8
Utilities	0.3%	$6,180,310	8

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
HIW	Highwoods Properties, Inc.	+369,473	594,705	$12,732,634
RIO	Rio Tinto PLC	+167,864	170,697	$15,924,323
ENB	Enbridge Inc	+120,245	168,851	$9,141,593
TBN	Tamboran Resources Corp	+106,362	199,871	$9,991,551
NYT	New York Times Co	+85,271	794,746	$66,544,082
OTF	Blue Owl Technology Finance Corp.	+75,307	174,082	$2,156,875
RELX	Relx PLC	+55,116	296,112	$9,816,112
ZETA	Zeta Global Holdings Corp.	+21,022	58,282	$927,849
TSLX	Sixth Street Specialty Lending, Inc.	+16,490	666,377	$12,248,009
QCOM	Qualcomm Inc/De	+15,178	112,892	$14,538,231
ABEV	Ambev S.A.	+14,133	455,042	$1,328,722
AGIO	Agios Pharmaceuticals, Inc.	+14,085	612,850	$20,732,715
SGOL	abrdn Gold ETF Trust	+12,945	30,517	$1,361,668
FTNT	Fortinet, Inc.	+8,498	15,115	$1,235,197
USB	US Bancorp De	+8,380	18,695	$972,326
ORCL	Oracle Corp	+7,179	60,275	$8,867,055
INVH	Invitation Homes Inc.	+7,110	25,018	$621,697
AMZN	Amazon Com Inc	+6,109	108,250	$22,545,227
BX	Blackstone Inc.	+5,794	44,189	$5,081,293
DKS	Dick's Sporting Goods, Inc.	+5,339	76,460	$15,161,253
NFLX	Netflix Inc	+2,477	22,987	$2,210,200
AMD	Advanced Micro Devices Inc	+2,060	7,195	$1,463,678
COF	Capital One Financial Corp	+1,975	30,670	$5,595,128
FERG	Ferguson Enterprises Inc. /DE/	+1,822	23,311	$5,437,523
SNOW	Snowflake Inc.	+1,210	21,732	$3,277,620
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MUFG	Mitsubishi Ufj Financial Group Inc	−285,426	824,088	$13,984,773
GBDC	GOLUB CAPITAL BDC, Inc.	−220,285	43,946	$556,356
EVLV	Evolv Technologies Holdings, Inc.	−137,856	2,956,159	$17,884,761
NVO	Novo Nordisk A S	−129,094	7,505	$275,808
D	Dominion Energy, Inc	−103,336	4,400	$272,008
OBDC	Blue Owl Capital Corp	−88,381	570,323	$6,307,772
ARCC	Ares Capital Corp	−82,315	371,371	$6,692,105
RTX	RTX Corp	−68,850	116,762	$22,523,389
PTEN	Patterson Uti Energy Inc	−60,000	62,024	$671,719
WMT	Walmart Inc.	−42,396	166,224	$20,658,318
HCA	HCA Healthcare, Inc.	−40,948	19,234	$9,102,298
KR	Kroger Co	−26,588	64,245	$4,648,768
FANG	Diamondback Energy, Inc.	−20,040	7,015	$1,387,496
ANRO	Alto Neuroscience, Inc.	−16,549	16,840	$378,563
BAC	Bank Of America Corp /De/	−16,221	138,540	$6,753,825
TFC	Truist Financial Corp	−14,493	371,298	$17,068,569
MS	Morgan Stanley	−13,844	145,098	$23,878,777
AAPL	Apple Inc.	−13,576	198,859	$50,468,425
KO	Coca Cola Co	−13,567	386,144	$29,366,251
META	Meta Platforms, Inc.	−13,358	29,708	$16,996,838
NVDA	Nvidia Corp	−13,067	159,027	$27,734,308
JNJ	Johnson & Johnson	−10,043	151,322	$36,989,149
NSC	Norfolk Southern Corp	−9,677	47,339	$13,586,293
MICC	Magnum Ice Cream Co N.V.	−9,412	34,769	$519,796
ORI	Old Republic International Corp	−8,834	103,305	$4,121,869
No positions match the current search.

New Positions

Positions the filer opened this quarter

12 positions

Ticker	Company	Shares	Value
STZ	Constellation Brands, Inc.	119,075	$17,861,250
AZN	Astrazeneca PLC	87,349	$17,226,969
STUB	StubHub Holdings, Inc.	757,390	$4,726,113
BKR	Baker Hughes Co	65,880	$4,021,974
PNFP	Pinnacle Financial Partners, Inc.	8,479	$730,381
ANNX	Annexon, Inc.	99,000	$548,460
CSX	Csx Corp	11,089	$455,203
MSCI	MSCI Inc.	464	$250,100
FBNC	First Bancorp /Nc/	3,779	$212,946
OUNZ	VanEck Merk Gold ETF	4,596	$207,049
WES	Western Midstream Partners, LP	4,883	$201,033
GEMI	Gemini Space Station, Inc.	13,094	$57,875
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
AFL	Aflac Inc	53,619	$5,912,567
SMG	Scotts Miracle-Gro Co	65,470	$3,820,174
FSK	FS KKR Capital Corp	114,154	$1,690,620
MELI	Mercadolibre Inc	435	$876,203
IOT	Samsara Inc.	14,900	$528,205
CTVA	Corteva, Inc.	7,801	$522,901
GE	General Electric Co	1,651	$508,557
WSC	WillScot Holdings Corp	25,429	$478,828
NVS	Novartis AG	3,114	$429,327
GL	Globe Life Inc.	2,353	$329,090
CDW	CDW Corp	2,302	$313,532
HSY	Hershey Co	1,704	$310,093
INTU	Intuit Inc.	450	$298,089
DE	Deere & Co	634	$295,171
PBT	Permian Basin Royalty Trust	17,295	$293,669
TXN	Texas Instruments Inc	1,636	$283,829
TEVA	Teva Pharmaceutical Industries Ltd	8,977	$280,172
CPRT	Copart Inc	6,897	$270,017
BMNR	Bitmine Immersion Technologies, Inc.	9,856	$267,590
AIG	American International Group, Inc.	2,938	$251,345
HLT	Hilton Worldwide Holdings Inc.	822	$236,119
EFX	Equifax Inc	1,071	$232,385
MLM	Martin Marietta Materials Inc	368	$229,138
TRV	Travelers Companies, Inc.	764	$221,605
T	At&T Inc.	8,745	$217,225
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

284 positions · $1,950,435,986 total · as of Mar 31, 2026

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

Showing 1–50 of 284 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	701,082	-3,505	$455,941,667	−5.1%	23.38%
NYT	New York Times Co Communication Services	Added	794,746	+85,271	$66,544,082	+35.1%	3.41%
XPEL	XPEL, Inc. Consumer Cyclical	Held	1,241,540	0	$54,950,560	−11.3%	2.82%
AAPL	Apple Inc. Technology	Reduced	198,859	-13,576	$50,468,425	−12.6%	2.59%
ALNY	Alnylam Pharmaceuticals, Inc. Healthcare	Reduced	149,547	-64	$49,480,615	−16.8%	2.54%
MSFT	Microsoft Corp Technology	Reduced	105,585	-3,007	$39,084,399	−25.6%	2.00%
JNJ	Johnson & Johnson Healthcare	Reduced	151,322	-10,043	$36,989,149	+10.8%	1.90%
GLD	Spdr Gold Trust	Reduced	82,193	-2,853	$35,366,825	+4.9%	1.81%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	109,846	-7,233	$32,312,299	−14.3%	1.66%
MDY	Spdr S&P Midcap 400 ETF Trust	Reduced	50,341	-2,112	$31,048,315	−1.9%	1.59%
AVGO	Broadcom Inc. Technology	Reduced	96,483	-6,503	$29,862,453	−16.2%	1.53%
KO	Coca Cola Co Consumer Defensive	Reduced	386,144	-13,567	$29,366,251	+5.1%	1.51%
NVDA	Nvidia Corp Technology	Reduced	159,027	-13,067	$27,734,308	−13.6%	1.42%
TRGP	Targa Resources Corp. Energy	Reduced	109,921	-4,262	$27,560,492	+30.8%	1.41%
QQQ	Invesco Qqq Trust, Series 1	Reduced	47,116	-3,928	$27,194,412	−13.3%	1.39%
MS	Morgan Stanley Financial Services	Reduced	145,098	-13,844	$23,878,777	−15.4%	1.22%
AMZN	Amazon Com Inc Consumer Cyclical	Added	108,250	+6,109	$22,545,227	−4.4%	1.16%
RTX	RTX Corp Industrials	Reduced	116,762	-68,850	$22,523,389	−33.8%	1.15%
AGIO	Agios Pharmaceuticals, Inc. Healthcare	Added	612,850	+14,085	$20,732,715	+27.2%	1.06%
WMT	Walmart Inc. Consumer Defensive	Reduced	166,224	-42,396	$20,658,318	−11.1%	1.06%
VTR	Ventas, Inc. Real Estate	Reduced	236,038	-2,757	$19,303,187	+4.5%	0.99%
SHEL	Shell plc Energy	Reduced	199,016	-3,447	$18,508,488	+24.4%	0.95%
VMC	Vulcan Materials CO Basic Materials	Held	66,588	0	$18,131,912	−4.5%	0.93%
EVLV	Evolv Technologies Holdings, Inc. Industrials	Reduced	2,956,159	-137,856	$17,884,761	−19.3%	0.92%
STZ	Constellation Brands, Inc. Consumer Defensive	NEW	119,075	NEW	$17,861,250	NEW	0.92%
AZN	Astrazeneca PLC Healthcare	NEW	87,349	NEW	$17,226,969	NEW	0.88%
TFC	Truist Financial Corp Financial Services	Reduced	371,298	-14,493	$17,068,569	−10.1%	0.88%
META	Meta Platforms, Inc. Communication Services	Reduced	29,708	-13,358	$16,996,838	−40.2%	0.87%
PHM	Pultegroup Inc/Mi/ Consumer Cyclical	Held	140,596	0	$16,535,495	+0.3%	0.85%
CVX	Chevron Corp Energy	Reduced	79,190	-7,417	$16,384,411	+24.1%	0.84%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	48,408	-5,033	$16,359,483	+0.7%	0.84%
RIO	Rio Tinto PLC Basic Materials	Added	170,697	+167,864	$15,924,323	+6923.7%	0.82%
CCEP	COCA-COLA EUROPACIFIC PARTNERS plc Consumer Defensive	Reduced	172,981	-6,610	$15,684,187	−3.7%	0.80%
DKS	Dick's Sporting Goods, Inc. Consumer Cyclical	Added	76,460	+5,339	$15,161,253	+7.7%	0.78%
QCOM	Qualcomm Inc/De Technology	Added	112,892	+15,178	$14,538,231	−13.0%	0.75%
MUFG	Mitsubishi Ufj Financial Group Inc Financial Services	Reduced	824,088	-285,426	$13,984,773	−20.5%	0.72%
NSC	Norfolk Southern Corp Industrials	Reduced	47,339	-9,677	$13,586,293	−17.5%	0.70%
FDX	Fedex Corp Industrials	Reduced	45,739	-1,913	$13,127,573	+18.4%	0.67%
GS	Goldman Sachs Group Inc Financial Services	Reduced	15,051	-967	$12,732,995	−9.6%	0.65%
HIW	Highwoods Properties, Inc. Real Estate	Added	594,705	+369,473	$12,732,634	+118.9%	0.65%
XOM	Exxon Mobil Corp Energy	Reduced	73,475	-4,748	$12,465,768	+32.4%	0.64%
TSLX	Sixth Street Specialty Lending, Inc. Financial Services	Added	666,377	+16,490	$12,248,009	−13.2%	0.63%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	24,620	-1,583	$11,797,904	−10.4%	0.60%
CINF	Cincinnati Financial Corp Financial Services	Added	74,918	+7	$11,788,347	−3.6%	0.60%
GOOGL	Alphabet Inc. Communication Services	Reduced	38,920	-4,398	$11,191,835	−17.5%	0.57%
UL	Unilever PLC Consumer Defensive	Reduced	191,828	-5,580	$10,928,441	−15.4%	0.56%
TGT	Target Corp Consumer Defensive	Reduced	88,725	-80	$10,753,470	+23.9%	0.55%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	73,471	-2,800	$10,612,151	−2.9%	0.54%
LLY	ELI LILLY & Co Healthcare	Added	11,507	+458	$10,583,793	−10.9%	0.54%
ABNB	Airbnb, Inc. Consumer Cyclical	Reduced	80,223	-1,943	$10,130,560	−9.2%	0.52%