SCS Capital Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 6, 2026), SCS Capital Management LLC reported 483 stock positions worth $10.6 billion. Its top holding was Vanguard Intermediate-Term T (VGIT) at 11.1% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 9.0%) and iShares Russell 3000 ETF (IWV, 7.5%). Compared with Q1 2026, it opened 40 new positions, sold out of 25, added to 139 and reduced 211. The biggest buy was iShares Core U.S. Aggregate (AGG, shares +508%) and the biggest sale iShares MSCI USA Quality Fac (QUAL, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001303159
- Portfolio Value
- $10.6B (Q2 2026)
- SEC Filing
- 0001303159-26-000003 ↗ filed Aug 6, 2026
Holdings Value
Holdings 483 stocks · $10.6B
| VGIT Vanguard Intermediate-Term T | 11.15% | 20,007,805 | $1.2B | Add +4.0% |
| VTI VG Morningstar TS MKT ETF-US | 8.98% | 2,568,469 | $950.4M | Reduce -1.3% |
| IWV iShares Russell 3000 ETF | 7.49% | 1,858,646 | $792.5M | Reduce -0.4% |
| VEA Vanguard Ftse Developed ETF | 6.13% | 9,107,726 | $648.9M | Reduce -2.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.90% | 694,286 | $518.7M | Reduce -1.0% |
| SCHB Schwab US Broad Market ETF | 3.27% | 11,934,362 | $345.6M | Reduce -0.3% |
| SCHF Schwab Intl Equity ETF | 3.25% | 12,429,498 | $344.3M | Reduce -0.5% |
| VOO Vanguard S&P 500 ETF | 2.78% | 427,902 | $293.9M | Reduce -3.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 2.61% | 3,146,097 | $276.5M | Add +1.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 2.17% | 1,934,606 | $230.2M | Reduce -0.3% |
| VYM Vanguard High DVD Yield ETF | 2.12% | 1,422,806 | $224.8M | Reduce -2.8% |
| VT Vanguard Tot World STK ETF | 2.07% | 1,394,823 | $218.9M | Add +13.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.04% | 992,941 | $216.4M | Reduce -2.1% |
| VWO Vanguard Ftse Emerging Marke | 2.03% | 3,598,204 | $214.8M | Reduce -0.1% |
| IEFA iShares Core MSCI Eafe ETF | 1.56% | 1,707,890 | $164.9M | Add +2.8% |
| RSP Invesco S&P 500 Equal Weight | 1.34% | 665,247 | $141.5M | Reduce -0.2% |
| QUAL iShares MSCI USA Quality Fac | 1.15% | 552,891 | $121.3M | Reduce -30.6% |
| AGG iShares Core U.S. Aggregate | 1.07% | 1,143,665 | $113.2M | Add +507.7% |
| MSFT Microsoft Corp. | 1.02% | 288,945 | $107.8M | Add +173.7% |
| VBIL Vanguard 0-3M T-Bill ETF | 0.98% | 1,375,765 | $104.1M | Reduce -7.3% |
| STIP iShares 0-5 Year Tips Bond E | 0.96% | 989,768 | $101.1M | Add +2.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.87% | 1,829,597 | $92.5M | Reduce -5.2% |
| IVV iShares Core S&P 500 ETF | 0.82% | 116,381 | $87.2M | Reduce -0.1% |
| VONG Vanguard Russell 1000 Growth | 0.77% | 638,200 | $81.6M | Add +9.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.62% | 215,155 | $65.2M | Reduce -2.1% |
| IVW iShares S&P 500 Growth ETF | 0.61% | 466,610 | $64.2M | Reduce -1.1% |
| EFA iShares MSCI Eafe ETF | 0.60% | 610,352 | $63.4M | Add +9.9% |
| XPEL Xpel Inc. | 0.58% | 1,241,540 | $61.6M | No change |
| VGLT Vanguard Long-Term Treasury | 0.57% | 1,094,918 | $60.4M | Add +6.9% |
| LPLA LPL Financial Holdings Inc. | 0.57% | 213,511 | $60.1M | Add +1308.3% |
| VDE Vanguard Energy ETF | 0.53% | 372,081 | $55.9M | Add +1.0% |
| AAPL Apple Inc. | 0.52% | 190,488 | $55.1M | Reduce -4.2% |
| NYT New York Times Co. Class A | 0.52% | 787,060 | $55.1M | Reduce -1.0% |
| ESGV Vanguard ESG US Stock ETF | 0.49% | 391,185 | $51.7M | Add +0.2% |
| IEMG iShares Core MSCI Emerging | 0.48% | 607,246 | $50.3M | Add +0.9% |
| VNQ Vanguard Real Estate ETF | 0.43% | 473,126 | $45.6M | Reduce -0.3% |
| VIGI Vanguard Int Div App Indx FD | 0.40% | 453,606 | $42.4M | Reduce -29.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.37% | 112,499 | $38.7M | Add +0.1% |
| IUSG iShares Core S&P U.S. Growth | 0.36% | 204,044 | $38.4M | Add +0.2% |
| PTC PTC Inc. | 0.36% | 333,702 | $37.9M | New |
| ET Energy Transfer LP | 0.35% | 1,942,908 | $37.1M | Add +1859.8% |
| IJH iShares Core S&P Midcap ETF | 0.34% | 472,307 | $36.4M | Reduce -8.4% |
| JPM JPMorgan Chase & Co. | 0.34% | 108,904 | $35.6M | Reduce -0.9% |
| VSGX Vanguard ESG Intl Stock ETF | 0.34% | 432,269 | $35.6M | Reduce -1.5% |
| IWF iShares Russell 1000 Growth | 0.33% | 285,437 | $35.4M | Add +0.2% |
| AVGO Broadcom Inc. | 0.33% | 92,616 | $35.0M | Reduce -4.0% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.33% | 115,549 | $34.8M | Reduce -22.7% |
| PDBC Invesco Optimum Yield Divers | 0.32% | 2,132,062 | $33.9M | Reduce -0.8% |
| MDY State Street SPDR S&P Midcap | 0.29% | 43,991 | $30.9M | Reduce -12.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.29% | 41,950 | $30.9M | Reduce -11.0% |
| XME SS SPDR S&P Metals Mining | 0.29% | 286,155 | $30.6M | Add +0.5% |
| GLD SPDR Gold Shares | 0.29% | 82,126 | $30.3M | Reduce -0.1% |
| MS Morgan Stanley | 0.28% | 144,148 | $30.1M | Reduce -0.7% |
| NVDA Nvidia Corp. | 0.28% | 150,437 | $30.1M | Reduce -5.4% |
| VGT Vanguard Info Tech ETF | 0.27% | 236,352 | $28.2M | Reduce -0.7% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.25% | 737,603 | $26.7M | Reduce -1.5% |
| JNJ Johnson & Johnson | 0.25% | 105,264 | $26.7M | Reduce -30.4% |
| VTR Ventas Inc. | 0.25% | 298,587 | $26.6M | Add +26.5% |
| IQLT iShares MSCI International Q | 0.25% | 532,178 | $26.4M | Reduce -24.7% |
| TRGP Targa Resources Corp. | 0.25% | 98,041 | $26.3M | Reduce -10.8% |
| KO The Coca-Cola Co. | 0.24% | 308,044 | $25.2M | Reduce -20.2% |
| AMZN Amazon.com Inc. | 0.23% | 102,816 | $24.5M | Reduce -5.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.22% | 48,685 | $23.3M | Add +0.6% |
| VIG Vanguard Dividend Apprec ETF | 0.22% | 96,591 | $22.9M | Reduce -2.6% |
| BND Vanguard Total Bond Market | 0.22% | 310,641 | $22.8M | Reduce -4.6% |
| AGIO Agios Pharmaceuticals Inc. | 0.21% | 612,850 | $22.7M | No change |
| RTX RTX Corp. | 0.21% | 115,887 | $22.0M | Reduce -0.8% |
| QCOM Qualcomm Inc. | 0.20% | 116,903 | $21.6M | Add +3.5% |
| EPD Enterprise Products Partners | 0.19% | 556,413 | $20.5M | Add +809.8% |
| IWB iShares Russell 1000 ETF | 0.19% | 48,700 | $19.9M | Reduce -0.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.19% | 230,877 | $19.9M | Reduce -0.3% |
| VMC Vulcan Materials Co. | 0.19% | 66,533 | $19.6M | Reduce -0.1% |
| PHM Pultegroup Inc. | 0.18% | 140,617 | $19.3M | Add +0.0% |
| TFC Truist Financial Corp. | 0.17% | 365,746 | $18.2M | Reduce -1.5% |
| WMT Walmart Inc. | 0.17% | 159,836 | $18.1M | Reduce -3.8% |
| IJR iShares Core S&P Small-Cap E | 0.17% | 121,664 | $18.0M | Reduce -5.1% |
| HPE Hewlett Packard Enterprise | 0.17% | 397,972 | $18.0M | New |
| GOOG Alphabet Inc. Class C | 0.17% | 50,022 | $17.7M | Reduce -7.1% |
| HIW Highwoods Properties Inc. | 0.17% | 585,500 | $17.7M | Reduce -1.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.17% | 349,934 | $17.6M | No change |
| EEM iShares MSCI Emerging Market | 0.16% | 253,676 | $17.4M | Reduce -1.9% |
| CCEP Coca-Cola Europacific Partne | 0.16% | 171,588 | $17.2M | Reduce -0.8% |
| EVLV Evolv Technologies Holdings | 0.16% | 2,934,579 | $17.0M | Reduce -0.7% |
| STZ Constellation Brands Inc. Class A | 0.16% | 119,976 | $16.7M | Add +0.8% |
| META Meta Platforms Inc. Class A | 0.16% | 29,616 | $16.7M | Reduce -0.3% |
| PANW Palo Alto Networks Inc. | 0.16% | 48,388 | $16.5M | Reduce -7.7% |
| DLR Digital Realty Trust Inc. | 0.15% | 90,880 | $16.3M | Add +196.8% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.15% | 819,852 | $16.3M | Reduce -0.5% |
| RIO Rio Tinto PLC-Spon ADR | 0.15% | 168,218 | $16.0M | Reduce -1.4% |
| AZN Astrazeneca PLC | 0.15% | 84,223 | $15.8M | Reduce -3.6% |
| GS Goldman Sachs Group Inc. | 0.14% | 14,978 | $15.1M | Reduce -0.5% |
| FDX FedEx Corp. | 0.14% | 47,408 | $14.9M | Add +3.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.14% | 176,861 | $14.8M | Reduce -1.2% |
| SHEL Shell PLC-ADR | 0.14% | 187,899 | $14.6M | Reduce -5.6% |
| DKS Dick's Sporting Goods Inc. | 0.13% | 62,072 | $14.1M | Reduce -18.8% |
| CINF Cincinnati Financial Corp. | 0.13% | 74,942 | $13.9M | Add +0.0% |
| NSC Norfolk Southern Corp. | 0.13% | 43,986 | $13.8M | Reduce -7.1% |
| LLY Eli Lilly & Co. | 0.13% | 11,357 | $13.6M | Reduce -1.3% |
| GOVT iShares US Treasury Bond ETF | 0.13% | 595,973 | $13.6M | Add +4.4% |
| UL Unilever PLC-Sponsored ADR | 0.13% | 224,254 | $13.5M | Add +16.9% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $714K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 325 | $408K | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 265 | $307K | No change |
Total filed on the 13F, all lines: $10.6B.
Portfolio Sells Q1 2026 → Q2 2026
| QUAL iShares MSCI USA Quality Fac | Reduce -30.6% | 1.15% | −0.47 |
| VBIL Vanguard 0-3M T-Bill ETF | Reduce -7.3% | 0.98% | −0.21 |
| VIGI Vanguard Int Div App Indx FD | Reduce -29.4% | 0.40% | −0.20 |
| ALNY Alnylam Pharmaceuticals Inc. | Reduce -22.7% | 0.33% | −0.20 |
| VEA Vanguard Ftse Developed ETF | Reduce -2.1% | 6.13% | −0.19 |
| NYT New York Times Co. Class A | Reduce -1.0% | 0.52% | −0.18 |
| VYM Vanguard High DVD Yield ETF | Reduce -2.8% | 2.12% | −0.17 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -5.2% | 0.87% | −0.15 |
| JNJ Johnson & Johnson | Reduce -30.4% | 0.25% | −0.14 |
| XOM Exxon Mobil Corp. | Reduce -77.9% | 0.02% | −0.11 |
| RELX Relx PLC - Spon ADR | Sold out | 0.00% | −0.10 |
| IQLT iShares MSCI International Q | Reduce -24.7% | 0.25% | −0.10 |
| GLD SPDR Gold Shares | Reduce -0.1% | 0.29% | −0.09 |
| KO The Coca-Cola Co. | Reduce -20.2% | 0.24% | −0.07 |
| PDBC Invesco Optimum Yield Divers | Reduce -0.8% | 0.32% | −0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -2.1% | 2.04% | −0.06 |
| CVX Chevron Corp. | Reduce -8.3% | 0.11% | −0.06 |
| SHEL Shell PLC-ADR | Reduce -5.6% | 0.14% | −0.06 |
| TBN Tamboran Resources Corp. | Reduce -20.3% | 0.05% | −0.06 |
| KR Kroger Co. | Sold out | 0.00% | −0.05 |
| WMT Walmart Inc. | Reduce -3.8% | 0.17% | −0.05 |
| ABNB Airbnb Inc. Class A | Reduce -44.9% | 0.06% | −0.05 |
| ORI Old Republic Intl Corp. | Sold out | 0.00% | −0.04 |
| TRGP Targa Resources Corp. | Reduce -10.8% | 0.25% | −0.04 |
| BND Vanguard Total Bond Market | Reduce -4.6% | 0.22% | −0.04 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -81.4% | 0.01% | −0.04 |
| MDY State Street SPDR S&P Midcap | Reduce -12.6% | 0.29% | −0.04 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.1% | 2.03% | −0.03 |
| RTX RTX Corp. | Reduce -0.8% | 0.21% | −0.03 |
| AZN Astrazeneca PLC | Reduce -3.6% | 0.15% | −0.03 |
| MUB iShares National Muni Bond E | Reduce -10.9% | 0.12% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -3.4% | 2.78% | −0.03 |
| EVLV Evolv Technologies Holdings | Reduce -0.7% | 0.16% | −0.03 |
| DKS Dick's Sporting Goods Inc. | Reduce -18.8% | 0.13% | −0.03 |
| HCA HCA Healthcare Inc. | Reduce -3.9% | 0.07% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -8.4% | 0.34% | −0.03 |
| HON Honeywell International Inc. | Reduce -2.8% | 0.02% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -0.3% | 0.16% | −0.02 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -1.4% | 0.15% | −0.02 |
| SCHF Schwab Intl Equity ETF | Reduce -0.5% | 3.25% | −0.02 |
| BPRE Bluerock Private Real Estate | Reduce -0.8% | 0.04% | −0.02 |
| RSP Invesco S&P 500 Equal Weight | Reduce -0.2% | 1.34% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -6.5% | 0.10% | −0.02 |
| VGSH Vanguard Short-Term Treasury | Reduce -10.6% | 0.06% | −0.02 |
| VNQ Vanguard Real Estate ETF | Reduce -0.3% | 0.43% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -51.2% | 0.01% | −0.01 |
| AAPL Apple Inc. | Reduce -4.2% | 0.52% | −0.01 |
| ORCL Oracle Corp. | Reduce -3.9% | 0.08% | −0.01 |
| OBDC Blue Owl Capital Corp. | Reduce -8.0% | 0.06% | −0.01 |
| NSC Norfolk Southern Corp. | Reduce -7.1% | 0.13% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| AGG iShares Core U.S. Aggregate | Add +507.7% | 1.07% | +0.87 |
| MSFT Microsoft Corp. | Add +173.7% | 1.02% | +0.60 |
| LPLA LPL Financial Holdings Inc. | Add +1308.3% | 0.57% | +0.52 |
| PTC PTC Inc. | New | 0.36% | +0.36 |
| ET Energy Transfer LP | Add +1859.8% | 0.35% | +0.33 |
| VT Vanguard Tot World STK ETF | Add +13.2% | 2.07% | +0.26 |
| HPE Hewlett Packard Enterprise | New | 0.17% | +0.17 |
| EPD Enterprise Products Partners | Add +809.8% | 0.19% | +0.17 |
| DLR Digital Realty Trust Inc. | Add +196.8% | 0.15% | +0.10 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +1.3% | 2.61% | +0.09 |
| VONG Vanguard Russell 1000 Growth | Add +9.7% | 0.77% | +0.09 |
| EFAX State Street SPDR MSCI Eafe | Add +1947.6% | 0.07% | +0.07 |
| FOXA Fox Corp. Class A | New | 0.07% | +0.07 |
| QCOM Qualcomm Inc. | Add +3.5% | 0.20% | +0.05 |
| SNOW Snowflake Inc. | Add +62.4% | 0.08% | +0.05 |
| LHX L3HARRIS Technologies Inc. | New | 0.05% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.6% | 0.22% | +0.05 |
| VTR Ventas Inc. | Add +26.5% | 0.25% | +0.05 |
| CUZ Cousins Properties Inc. | Add +48.9% | 0.11% | +0.05 |
| CRS Carpenter Technology | New | 0.03% | +0.03 |
| IEMG iShares Core MSCI Emerging | Add +0.9% | 0.48% | +0.03 |
| DHR Danaher Corp. | Add +808.1% | 0.03% | +0.03 |
| VGK Vanguard Ftse Europe ETF | Add +681.0% | 0.03% | +0.03 |
| EWG iShares MSCI Germany ETF | New | 0.03% | +0.03 |
| IUSG iShares Core S&P U.S. Growth | Add +0.2% | 0.36% | +0.03 |
| EFA iShares MSCI Eafe ETF | Add +9.9% | 0.60% | +0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +23.6% | 0.05% | +0.02 |
| ESGV Vanguard ESG US Stock ETF | Add +0.2% | 0.49% | +0.02 |
| BETA Beta Technologies Inc. Class A | New | 0.02% | +0.02 |
| KLAC KLA Corp. | Add +0.5% | 0.03% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +0.2% | 0.33% | +0.01 |
| AVB Avalonbay Communities Inc. | Add +49.8% | 0.04% | +0.01 |
| IBM Intl Business Machines Corp. | Add +12.0% | 0.09% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +1.4% | 0.12% | +0.01 |
| UL Unilever PLC-Sponsored ADR | Add +16.9% | 0.13% | +0.01 |
| IWD iShares Russell 1000 Value E | Add +9.2% | 0.11% | +0.01 |
| MDA Mda Space Ltd. | New | 0.01% | +0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +0.1% | 0.37% | +0.01 |
| HIMS Hims & Hers Health Inc. | New | 0.01% | +0.01 |
| TSLA Tesla Inc. | Add +20.8% | 0.04% | +0.01 |
| PHM Pultegroup Inc. | Add +0.0% | 0.18% | +0.01 |
| MU Micron Technology Inc. | Add +4.5% | 0.01% | +0.01 |
| OKTA Okta Inc. | Add +10.6% | 0.02% | +0.01 |
| TQQQ Proshares Ultrapro QQQ | New | 0.01% | +0.01 |
| MOBI Mobia Medical Inc. | New | 0.01% | +0.01 |
| CINF Cincinnati Financial Corp. | Add +0.0% | 0.13% | +0.01 |
| DDOG Datadog Inc. Class A | Add +0.4% | 0.01% | +0.01 |
| RBRK Rubrik Inc. Class A | Add +14.3% | 0.01% | +0.01 |
| EEMX State Street SPDR MSCI Emerg | New | 0.01% | +0.01 |
| STX Seagate Technology Holdings | Add +4.1% | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 483 | $10.6B | VGIT, VTI, IWV, VEA, SPY |
| Q1 2026 | 466 | $9.4B | VGIT, VTI, IWV, VEA, SPY |
| Q4 2025 | 491 | $9.4B | VGIT, VTI, IWV, VEA, SPY |
| Q3 2025 | 509 | $9.2B | VGIT, VTI, IWV, VEA, SPY |
| Q2 2025 | 547 | $9.0B | VTI, IWV, VGIT, VEA, SPY |
| Q1 2025Amended | 511 | $7.9B | VTI, VGIT, IWV, VEA, SPY |
| Q4 2024 | 69 | $4.8B | VTI, VGIT, IWV, VEA, VGSH |
| Q3 2024 | 68 | $5.0B | IWV, VGIT, VTI, VEA, SCHB |
| Q2 2024 | 67 | $4.8B | IWV, VTI, VGIT, VEA, SCHB |
| Q1 2024Amended | 71 | $4.7B | IWV, VGIT, VTI, VEA, SCHB |