SCS Capital Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), SCS Capital Management LLC reported 69 stock positions worth $4.8 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 12.6% of the portfolio, followed by Vanguard Intermediate-Term T (VGIT, 12.6%) and iShares Russell 3000 ETF (IWV, 12.0%). Compared with Q3 2024, it opened 2 new positions, sold out of 1, added to 32 and reduced 30. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +23%) and the biggest sale iShares Russell 3000 ETF (IWV, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001303159
- Portfolio Value
- $4.8B (Q4 2024)
- SEC Filing
- 0001303159-25-000001 ↗ filed Feb 14, 2025
Holdings Value
Holdings 69 stocks · $4.8B
| VTI VG Morningstar TS MKT ETF-US | 12.64% | 2,114,704 | $612.9M | Add +0.1% |
| VGIT Vanguard Intermediate-Term T | 12.57% | 10,505,245 | $609.3M | Add +5.4% |
| IWV iShares Russell 3000 ETF | 12.03% | 1,745,318 | $583.4M | Reduce -10.4% |
| VEA Vanguard Ftse Developed ETF | 6.94% | 7,033,305 | $336.3M | Reduce -1.2% |
| VGSH Vanguard Short-Term Treasury | 5.04% | 4,203,603 | $244.6M | Add +5.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 4.95% | 1,416,246 | $239.8M | Reduce -0.9% |
| SCHB Schwab US Broad Market ETF | 4.78% | 10,204,017 | $231.6M | Reduce -10.0% |
| SCHF Schwab Intl Equity ETF | 4.10% | 10,756,921 | $199.0M | Reduce -3.7% |
| VGLT Vanguard Long-Term Treasury | 3.41% | 2,985,854 | $165.3M | Add +6.7% |
| QUAL iShares MSCI USA Quality Fac | 3.40% | 926,103 | $164.9M | Reduce -3.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.02% | 249,653 | $146.3M | Add +23.3% |
| VWO Vanguard Ftse Emerging Marke | 2.77% | 3,048,004 | $134.2M | Reduce -2.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 2.44% | 2,362,293 | $118.4M | Reduce -5.0% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.68% | 923,953 | $81.2M | Reduce -0.8% |
| MSFT Microsoft Corp. | 1.54% | 177,714 | $74.9M | Reduce -0.5% |
| AAPL Apple Inc. | 1.42% | 274,673 | $68.8M | Add +0.1% |
| AMZN Amazon.com Inc. | 1.41% | 311,004 | $68.2M | Reduce -4.3% |
| IVW iShares S&P 500 Growth ETF | 1.18% | 565,639 | $57.4M | Add +17.2% |
| GOOGL Alphabet Inc. Class A | 1.15% | 294,816 | $55.8M | Reduce -13.0% |
| SCHO Schwab Short-Term US Treas | 1.04% | 2,093,437 | $50.4M | Reduce -1.7% |
| VT Vanguard Tot World STK ETF | 0.92% | 379,866 | $44.6M | Reduce -9.4% |
| VDE Vanguard Energy ETF | 0.85% | 341,019 | $41.4M | Reduce -1.4% |
| EFA iShares MSCI Eafe ETF | 0.78% | 502,661 | $38.0M | Reduce -4.4% |
| ESGV Vanguard ESG US Stock ETF | 0.72% | 333,734 | $35.0M | Add +1.0% |
| STIP iShares 0-5 Year Tips Bond E | 0.63% | 301,924 | $30.4M | Reduce -1.5% |
| VNQ Vanguard Real Estate ETF | 0.62% | 338,360 | $30.1M | Reduce -0.8% |
| XME SS SPDR S&P Metals Mining | 0.52% | 446,644 | $25.3M | Reduce -2.1% |
| PDBC Invesco Optimum Yield Divers | 0.52% | 1,934,443 | $25.1M | Add +1.8% |
| VSGX Vanguard ESG Intl Stock ETF | 0.51% | 435,211 | $24.7M | Add +0.9% |
| META Meta Platforms Inc. Class A | 0.42% | 34,657 | $20.3M | Reduce -4.6% |
| IQLT iShares MSCI International Q | 0.40% | 521,117 | $19.3M | Add +1.2% |
| AGG iShares Core U.S. Aggregate | 0.39% | 195,440 | $18.9M | Add +481.6% |
| GLD SPDR Gold Shares | 0.33% | 66,907 | $16.2M | Add +0.4% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.33% | 605,892 | $16.1M | Reduce -3.8% |
| GOVT iShares US Treasury Bond ETF | 0.32% | 683,855 | $15.7M | Add +36.8% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.32% | 597,711 | $15.7M | Add +16.7% |
| TSLA Tesla Inc. | 0.31% | 37,268 | $15.1M | Reduce -0.1% |
| VGT Vanguard Info Tech ETF | 0.31% | 23,960 | $14.9M | Reduce -2.9% |
| TOST Toast Inc. Class A | 0.30% | 395,772 | $14.4M | Reduce -50.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.28% | 194,515 | $13.7M | Add +16.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.28% | 32,613 | $13.4M | Reduce -0.5% |
| EFV iShares MSCI Eafe Value ETF | 0.25% | 230,950 | $12.1M | Reduce -5.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.23% | 57,047 | $11.3M | Add +0.3% |
| NVDA Nvidia Corp. | 0.21% | 77,257 | $10.4M | Add +0.0% |
| EEM iShares MSCI Emerging Market | 0.21% | 247,712 | $10.4M | Reduce -2.8% |
| MCHI iShares MSCI China ETF | 0.17% | 176,702 | $8.3M | Add +1.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.14% | 117,173 | $6.7M | Add +0.2% |
| IEMG iShares Core MSCI Emerging | 0.13% | 121,864 | $6.4M | Add +89.6% |
| ITOT iShares Core S&P Total U.S. | 0.13% | 49,430 | $6.4M | Add +0.0% |
| OEF iShares S&P 100 ETF | 0.13% | 20,983 | $6.1M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 0.10% | 25,889 | $4.9M | Add +0.1% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.09% | 42,936 | $4.6M | No change |
| IVE iShares S&P 500 Value ETF | 0.09% | 23,821 | $4.5M | No change |
| IYR iShares US Real Estate ETF | 0.07% | 34,695 | $3.2M | No change |
| IVLU iShares MSCI International V | 0.06% | 102,521 | $2.8M | Reduce -11.1% |
| IBTF iShares Ibonds Dec 2025 Term | 0.05% | 104,121 | $2.4M | Add +0.3% |
| IBTG iShares Ibonds Dec 2026 Term | 0.05% | 106,013 | $2.4M | Add +0.2% |
| IBTH iShares Ibonds Dec 2027 Term | 0.05% | 108,381 | $2.4M | Add +0.2% |
| IBTI iShares Ibonds Dec 2028 Term | 0.05% | 109,239 | $2.4M | Add +0.2% |
| IBTJ iShares Ibonds Dec 2029 Term | 0.05% | 111,566 | $2.4M | Add +0.2% |
| XLE SS Energy Select Sector | 0.03% | 19,165 | $1.6M | New |
| EFG iShares MSCI Eafe Growth ETF | 0.03% | 14,390 | $1.4M | Add +7.6% |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.03% | 16,016 | $1.4M | Add +0.0% |
| VOOV Vanguard S&P 500 Value ETF | 0.02% | 4,788 | $883K | No change |
| ACWI iShares MSCI Acwi ETF | 0.01% | 6,154 | $723K | Add +0.9% |
| VDC Vanguard Consumer Staple ETF | 0.01% | 2,840 | $600K | New |
| IWM iShares Russell 2000 ETF | 0.01% | 2,052 | $453K | Reduce -0.2% |
| DBC Invesco DB Commodity Index T | 0.01% | 14,130 | $302K | Reduce -58.5% |
| IJH iShares Core S&P Midcap ETF | 0.00% | 3,300 | $206K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| IWV iShares Russell 3000 ETF | Reduce -10.4% | 12.03% | −0.80 |
| VEA Vanguard Ftse Developed ETF | Reduce -1.2% | 6.94% | −0.64 |
| SCHF Schwab Intl Equity ETF | Reduce -3.7% | 4.10% | −0.52 |
| SCHB Schwab US Broad Market ETF | Reduce -10.0% | 4.78% | −0.29 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.8% | 2.77% | −0.25 |
| TOST Toast Inc. Class A | Reduce -50.0% | 0.30% | −0.15 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -5.0% | 2.44% | −0.12 |
| EFA iShares MSCI Eafe ETF | Reduce -4.4% | 0.78% | −0.10 |
| VT Vanguard Tot World STK ETF | Reduce -9.4% | 0.92% | −0.09 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.9% | 4.95% | −0.08 |
| XME SS SPDR S&P Metals Mining | Reduce -2.1% | 0.52% | −0.06 |
| QUAL iShares MSCI USA Quality Fac | Reduce -3.1% | 3.40% | −0.05 |
| VNQ Vanguard Real Estate ETF | Reduce -0.8% | 0.62% | −0.05 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -3.8% | 0.33% | −0.04 |
| EFV iShares MSCI Eafe Value ETF | Reduce -5.2% | 0.25% | −0.03 |
| IEI iShares 3-7 Year Treasury Bo | Sold out | 0.00% | −0.03 |
| EEM iShares MSCI Emerging Market | Reduce -2.8% | 0.21% | −0.02 |
| SCHO Schwab Short-Term US Treas | Reduce -1.7% | 1.04% | −0.01 |
| IVLU iShares MSCI International V | Reduce -11.1% | 0.06% | −0.01 |
| DBC Invesco DB Commodity Index T | Reduce -58.5% | 0.01% | −0.01 |
| MSFT Microsoft Corp. | Reduce -0.5% | 1.54% | −0.00 |
| VDE Vanguard Energy ETF | Reduce -1.4% | 0.85% | −0.00 |
| META Meta Platforms Inc. Class A | Reduce -4.6% | 0.42% | −0.00 |
| IWM iShares Russell 2000 ETF | Reduce -0.2% | 0.01% | +0.00 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -1.5% | 0.63% | +0.00 |
| VGT Vanguard Info Tech ETF | Reduce -2.9% | 0.31% | +0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -13.0% | 1.15% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.5% | 0.28% | +0.02 |
| TSLA Tesla Inc. | Reduce -0.1% | 0.31% | +0.11 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -0.8% | 1.68% | +0.12 |
| AMZN Amazon.com Inc. | Reduce -4.3% | 1.41% | +0.19 |
Portfolio Buys Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Add +23.3% | 3.02% | +0.68 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 12.64% | +0.57 |
| VGIT Vanguard Intermediate-Term T | Add +5.4% | 12.57% | +0.43 |
| AGG iShares Core U.S. Aggregate | Add +481.6% | 0.39% | +0.32 |
| VGSH Vanguard Short-Term Treasury | Add +5.3% | 5.04% | +0.29 |
| IVW iShares S&P 500 Growth ETF | Add +17.2% | 1.18% | +0.25 |
| AAPL Apple Inc. | Add +0.1% | 1.42% | +0.13 |
| GOVT iShares US Treasury Bond ETF | Add +36.8% | 0.32% | +0.09 |
| IEMG iShares Core MSCI Emerging | Add +89.6% | 0.13% | +0.06 |
| ESGV Vanguard ESG US Stock ETF | Add +1.0% | 0.72% | +0.04 |
| XLE SS Energy Select Sector | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.3% | 0.23% | +0.03 |
| NVDA Nvidia Corp. | Add +0.0% | 0.21% | +0.02 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +16.7% | 0.32% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +16.8% | 0.28% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 0.10% | +0.01 |
| VDC Vanguard Consumer Staple ETF | New | 0.01% | +0.01 |
| OEF iShares S&P 100 ETF | Add +0.2% | 0.13% | +0.01 |
| GLD SPDR Gold Shares | Add +0.4% | 0.33% | +0.01 |
| ITOT iShares Core S&P Total U.S. | Add +0.0% | 0.13% | +0.01 |
| PDBC Invesco Optimum Yield Divers | Add +1.8% | 0.52% | +0.00 |
| IBTF iShares Ibonds Dec 2025 Term | Add +0.3% | 0.05% | +0.00 |
| IBTG iShares Ibonds Dec 2026 Term | Add +0.2% | 0.05% | +0.00 |
| MDYG SS SPDR S&P 400 MC GR ETF | Add +0.0% | 0.03% | +0.00 |
| IBTH iShares Ibonds Dec 2027 Term | Add +0.2% | 0.05% | +0.00 |
| ACWI iShares MSCI Acwi ETF | Add +0.9% | 0.01% | +0.00 |
| IBTI iShares Ibonds Dec 2028 Term | Add +0.2% | 0.05% | −0.00 |
| EFG iShares MSCI Eafe Growth ETF | Add +7.6% | 0.03% | −0.00 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +0.2% | 0.05% | −0.00 |
| MCHI iShares MSCI China ETF | Add +1.9% | 0.17% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.2% | 0.14% | −0.01 |
| VSGX Vanguard ESG Intl Stock ETF | Add +0.9% | 0.51% | −0.03 |
| IQLT iShares MSCI International Q | Add +1.2% | 0.40% | −0.03 |
| VGLT Vanguard Long-Term Treasury | Add +6.7% | 3.41% | −0.06 |
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 |