SCS Capital Management LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), SCS Capital Management LLC reported 68 stock positions worth $5.0 billion. Its top holding was iShares Russell 3000 ETF (IWV) at 12.8% of the portfolio, followed by Vanguard Intermediate-Term T (VGIT, 12.1%) and VG Morningstar TS MKT ETF-US (VTI, 12.1%). Compared with Q2 2024, it opened 4 new positions, sold out of 3, added to 24 and reduced 33. The biggest buy was iShares MSCI USA Quality Fac (QUAL, shares +17%) and the biggest sale Invesco DB Commodity Index T (DBC, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001303159
- Portfolio Value
- $5.0B (Q3 2024)
- SEC Filing
- 0001303159-24-000009 ↗ filed Nov 14, 2024
Holdings Value
Holdings 68 stocks · $5.0B
| IWV iShares Russell 3000 ETF | 12.83% | 1,948,321 | $636.6M | Reduce -4.6% |
| VGIT Vanguard Intermediate-Term T | 12.14% | 9,964,329 | $602.0M | Add +2.0% |
| VTI VG Morningstar TS MKT ETF-US | 12.07% | 2,113,735 | $598.5M | Reduce -1.3% |
| VEA Vanguard Ftse Developed ETF | 7.58% | 7,118,927 | $376.0M | Reduce -2.2% |
| SCHB Schwab US Broad Market ETF | 5.07% | 3,777,466 | $251.3M | Reduce -3.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 5.03% | 1,428,737 | $249.4M | Reduce -1.6% |
| VGSH Vanguard Short-Term Treasury | 4.75% | 3,992,357 | $235.6M | Add +2.7% |
| SCHF Schwab Intl Equity ETF | 4.63% | 5,582,635 | $229.6M | Reduce -4.5% |
| VGLT Vanguard Long-Term Treasury | 3.47% | 2,799,151 | $172.3M | Add +0.7% |
| QUAL iShares MSCI USA Quality Fac | 3.46% | 955,992 | $171.4M | Add +17.1% |
| VWO Vanguard Ftse Emerging Marke | 3.02% | 3,134,206 | $150.0M | Reduce -10.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 2.56% | 2,486,868 | $127.1M | Reduce -3.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.34% | 202,517 | $116.2M | Add +8.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.56% | 931,914 | $77.3M | Reduce -0.1% |
| MSFT Microsoft Corp. | 1.55% | 178,537 | $76.8M | Reduce -7.7% |
| AAPL Apple Inc. | 1.29% | 274,406 | $63.9M | Add +12.4% |
| AMZN Amazon.com Inc. | 1.22% | 325,125 | $60.6M | Reduce -5.0% |
| GOOGL Alphabet Inc. Class A | 1.13% | 338,944 | $56.2M | Reduce -5.0% |
| SCHO Schwab Short-Term US Treas | 1.05% | 1,064,648 | $52.1M | Reduce -17.9% |
| VT Vanguard Tot World STK ETF | 1.01% | 419,249 | $50.2M | Reduce -0.6% |
| IVW iShares S&P 500 Growth ETF | 0.93% | 482,655 | $46.2M | Reduce -14.1% |
| EFA iShares MSCI Eafe ETF | 0.89% | 525,750 | $44.0M | Add +16.5% |
| VDE Vanguard Energy ETF | 0.85% | 345,991 | $42.4M | Reduce -5.6% |
| ESGV Vanguard ESG US Stock ETF | 0.68% | 330,442 | $33.6M | Add +17.3% |
| VNQ Vanguard Real Estate ETF | 0.67% | 341,020 | $33.2M | Reduce -13.4% |
| STIP iShares 0-5 Year Tips Bond E | 0.63% | 306,472 | $31.1M | Reduce -5.3% |
| XME SS SPDR S&P Metals Mining | 0.59% | 456,468 | $29.1M | Add +15.7% |
| VSGX Vanguard ESG Intl Stock ETF | 0.53% | 431,298 | $26.5M | Add +17.6% |
| PDBC Invesco Optimum Yield Divers | 0.51% | 1,901,174 | $25.5M | New |
| TOST Toast Inc. Class A | 0.45% | 791,544 | $22.4M | No change |
| IQLT iShares MSCI International Q | 0.43% | 515,072 | $21.4M | No change |
| META Meta Platforms Inc. Class A | 0.42% | 36,319 | $20.8M | Reduce -12.0% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.37% | 629,559 | $18.4M | Reduce -8.5% |
| GLD SPDR Gold Shares | 0.33% | 66,665 | $16.2M | Reduce -2.3% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.30% | 512,206 | $14.9M | Add +20.0% |
| VGT Vanguard Info Tech ETF | 0.29% | 24,686 | $14.5M | Add +0.1% |
| EFV iShares MSCI Eafe Value ETF | 0.28% | 243,653 | $14.0M | Reduce -12.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.26% | 166,557 | $13.0M | Add +0.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.25% | 32,781 | $12.6M | Add +1.8% |
| GOVT iShares US Treasury Bond ETF | 0.24% | 499,857 | $11.7M | Add +47.9% |
| EEM iShares MSCI Emerging Market | 0.24% | 254,948 | $11.7M | Reduce -1.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.20% | 56,896 | $9.9M | Add +46.1% |
| TSLA Tesla Inc. | 0.20% | 37,296 | $9.8M | No change |
| NVDA Nvidia Corp. | 0.19% | 77,245 | $9.4M | New |
| MCHI iShares MSCI China ETF | 0.18% | 173,406 | $8.8M | Reduce -53.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.15% | 116,904 | $7.4M | Reduce -0.0% |
| ITOT iShares Core S&P Total U.S. | 0.13% | 49,429 | $6.2M | No change |
| OEF iShares S&P 100 ETF | 0.12% | 20,945 | $5.8M | Add +0.2% |
| IVE iShares S&P 500 Value ETF | 0.09% | 23,821 | $4.7M | No change |
| VIOO Vanguard S&P Small-Cap 600 E | 0.09% | 42,936 | $4.6M | New |
| GOOG Alphabet Inc. Class C | 0.09% | 25,862 | $4.3M | Add +0.1% |
| IEMG iShares Core MSCI Emerging | 0.07% | 64,260 | $3.7M | Reduce -13.6% |
| IYR iShares US Real Estate ETF | 0.07% | 34,695 | $3.5M | No change |
| IVLU iShares MSCI International V | 0.07% | 115,259 | $3.4M | Reduce -0.9% |
| AGG iShares Core U.S. Aggregate | 0.07% | 33,606 | $3.4M | Reduce -3.3% |
| IBTJ iShares Ibonds Dec 2029 Term | 0.05% | 111,310 | $2.5M | Add +0.2% |
| IBTI iShares Ibonds Dec 2028 Term | 0.05% | 108,994 | $2.5M | Add +0.2% |
| IBTH iShares Ibonds Dec 2027 Term | 0.05% | 108,127 | $2.4M | Add +0.2% |
| IBTG iShares Ibonds Dec 2026 Term | 0.05% | 105,757 | $2.4M | Add +0.2% |
| IBTF iShares Ibonds Dec 2025 Term | 0.05% | 103,857 | $2.4M | Add +0.2% |
| EFG iShares MSCI Eafe Growth ETF | 0.03% | 13,369 | $1.4M | Add +13.2% |
| IEI iShares 3-7 Year Treasury Bo | 0.03% | 12,016 | $1.4M | Reduce -6.6% |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.03% | 16,010 | $1.4M | Reduce -5.6% |
| VOOV Vanguard S&P 500 Value ETF | 0.02% | 4,788 | $913K | Reduce -76.5% |
| DBC Invesco DB Commodity Index T | 0.02% | 34,042 | $758K | Reduce -96.2% |
| ACWI iShares MSCI Acwi ETF | 0.01% | 6,101 | $729K | No change |
| IWM iShares Russell 2000 ETF | 0.01% | 2,056 | $454K | Reduce -51.2% |
| IJH iShares Core S&P Midcap ETF | 0.00% | 3,300 | $206K | New |
Portfolio Sells Q2 2024 → Q3 2024
| DBC Invesco DB Commodity Index T | Reduce -96.2% | 0.02% | −0.42 |
| IWV iShares Russell 3000 ETF | Reduce -4.6% | 12.83% | −0.37 |
| OBDC Blue Owl Capital Corp. | Sold out | 0.00% | −0.28 |
| MSFT Microsoft Corp. | Reduce -7.7% | 1.55% | −0.26 |
| SCHO Schwab Short-Term US Treas | Reduce -17.9% | 1.05% | −0.26 |
| GOOGL Alphabet Inc. Class A | Reduce -5.0% | 1.13% | −0.23 |
| VWO Vanguard Ftse Emerging Marke | Reduce -10.8% | 3.02% | −0.20 |
| AMZN Amazon.com Inc. | Reduce -5.0% | 1.22% | −0.16 |
| IVW iShares S&P 500 Growth ETF | Reduce -14.1% | 0.93% | −0.16 |
| MCHI iShares MSCI China ETF | Reduce -53.1% | 0.18% | −0.15 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -3.0% | 2.56% | −0.13 |
| VDE Vanguard Energy ETF | Reduce -5.6% | 0.85% | −0.13 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −0.08 |
| SCHF Schwab Intl Equity ETF | Reduce -4.5% | 4.63% | −0.08 |
| SCHB Schwab US Broad Market ETF | Reduce -3.0% | 5.07% | −0.06 |
| VOOV Vanguard S&P 500 Value ETF | Reduce -76.5% | 0.02% | −0.06 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -5.3% | 0.63% | −0.05 |
| EFV iShares MSCI Eafe Value ETF | Reduce -12.8% | 0.28% | −0.03 |
| VNQ Vanguard Real Estate ETF | Reduce -13.4% | 0.67% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -12.0% | 0.42% | −0.02 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -8.5% | 0.37% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -13.6% | 0.07% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -51.2% | 0.01% | −0.01 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -0.1% | 1.56% | −0.01 |
| UA Under Armour Inc. Class C | Sold out | 0.00% | −0.01 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -6.6% | 0.03% | −0.00 |
| AGG iShares Core U.S. Aggregate | Reduce -3.3% | 0.07% | −0.00 |
| MDYG SS SPDR S&P 400 MC GR ETF | Reduce -5.6% | 0.03% | −0.00 |
| IVLU iShares MSCI International V | Reduce -0.9% | 0.07% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -0.0% | 0.15% | +0.00 |
| EEM iShares MSCI Emerging Market | Reduce -1.3% | 0.24% | +0.01 |
| VT Vanguard Tot World STK ETF | Reduce -0.6% | 1.01% | +0.02 |
| GLD SPDR Gold Shares | Reduce -2.3% | 0.33% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Reduce -2.2% | 7.58% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.3% | 12.07% | +0.07 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.6% | 5.03% | +0.15 |
Portfolio Buys Q2 2024 → Q3 2024
| QUAL iShares MSCI USA Quality Fac | Add +17.1% | 3.46% | +0.54 |
| PDBC Invesco Optimum Yield Divers | New | 0.51% | +0.51 |
| VGIT Vanguard Intermediate-Term T | Add +2.0% | 12.14% | +0.23 |
| AAPL Apple Inc. | Add +12.4% | 1.29% | +0.21 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +8.2% | 2.34% | +0.21 |
| NVDA Nvidia Corp. | New | 0.19% | +0.19 |
| EFA iShares MSCI Eafe ETF | Add +16.5% | 0.89% | +0.15 |
| VGLT Vanguard Long-Term Treasury | Add +0.7% | 3.47% | +0.11 |
| ESGV Vanguard ESG US Stock ETF | Add +17.3% | 0.68% | +0.11 |
| XME SS SPDR S&P Metals Mining | Add +15.7% | 0.59% | +0.10 |
| VSGX Vanguard ESG Intl Stock ETF | Add +17.6% | 0.53% | +0.09 |
| VIOO Vanguard S&P Small-Cap 600 E | New | 0.09% | +0.09 |
| GOVT iShares US Treasury Bond ETF | Add +47.9% | 0.24% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | Add +46.1% | 0.20% | +0.06 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +20.0% | 0.30% | +0.06 |
| VGSH Vanguard Short-Term Treasury | Add +2.7% | 4.75% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.8% | 0.26% | +0.01 |
| IJH iShares Core S&P Midcap ETF | New | 0.00% | +0.00 |
| EFG iShares MSCI Eafe Growth ETF | Add +13.2% | 0.03% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +1.8% | 0.25% | +0.00 |
| OEF iShares S&P 100 ETF | Add +0.2% | 0.12% | +0.00 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +0.2% | 0.05% | −0.00 |
| IBTI iShares Ibonds Dec 2028 Term | Add +0.2% | 0.05% | −0.00 |
| IBTH iShares Ibonds Dec 2027 Term | Add +0.2% | 0.05% | −0.00 |
| IBTG iShares Ibonds Dec 2026 Term | Add +0.2% | 0.05% | −0.00 |
| IBTF iShares Ibonds Dec 2025 Term | Add +0.2% | 0.05% | −0.00 |
| VGT Vanguard Info Tech ETF | Add +0.1% | 0.29% | −0.01 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 0.09% | −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 |