# SCS Capital Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1303159. Source: https://holderbook.com/funds/1303159-scs-capital-management-llc/

- Reported value: $10.6B
- Positions: 485
- Weight of the ten largest: 52.7%
- Filed: 2026-08-06

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $1.2B | 20,007,805 | 11.1% | 12 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $950.4M | 2,568,469 | 9.0% | 31 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $792.5M | 1,858,646 | 7.5% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $648.9M | 9,107,726 | 6.1% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $518.7M | 694,286 | 4.9% | 31 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $345.6M | 11,934,362 | 3.3% | 26 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $344.3M | 12,429,498 | 3.3% | 26 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $293.9M | 427,902 | 2.8% | 6 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $276.5M | 3,146,097 | 2.6% | 6 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $230.2M | 1,934,606 | 2.2% | 25 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $224.8M | 1,422,806 | 2.1% | 6 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $218.9M | 1,394,823 | 2.1% | 30 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $216.4M | 992,941 | 2.0% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $214.8M | 3,598,204 | 2.0% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $164.9M | 1,707,890 | 1.6% | 17 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $141.5M | 665,247 | 1.3% | 6 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $121.3M | 552,891 | 1.1% | 11 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $113.2M | 1,143,665 | 1.1% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $107.8M | 288,945 | 1.0% | 26 |
| VANGUARD INSTL INDEX FD | [VBIL](https://holderbook.com/stocks/VBIL/) | $104.1M | 1,375,765 | 1.0% | 4 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $101.1M | 989,768 | 1.0% | 11 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $92.5M | 1,829,597 | 0.9% | 26 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $87.2M | 116,381 | 0.8% | 6 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $81.6M | 638,200 | 0.8% | 6 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $65.2M | 215,155 | 0.6% | 6 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $64.2M | 466,610 | 0.6% | 26 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $63.4M | 610,352 | 0.6% | 31 |
| XPEL INC | [XPEL](https://holderbook.com/stocks/XPEL/) | $61.6M | 1,241,540 | 0.6% | 6 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $60.4M | 1,094,918 | 0.6% | 11 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $60.1M | 213,511 | 0.6% | 6 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $55.9M | 372,081 | 0.5% | 15 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $55.1M | 190,488 | 0.5% | 26 |
| NEW YORK TIMES CO MTN BE | [NYT](https://holderbook.com/stocks/NYT/) | $55.1M | 787,060 | 0.5% | 6 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $51.7M | 391,185 | 0.5% | 29 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $50.3M | 607,246 | 0.5% | 17 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $45.6M | 473,126 | 0.4% | 15 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $42.4M | 453,606 | 0.4% | 6 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $38.7M | 112,499 | 0.4% | 6 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $38.4M | 204,044 | 0.4% | 6 |
| PTC INC | [PTC](https://holderbook.com/stocks/PTC/) | $37.9M | 333,702 | 0.4% | 1 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $37.1M | 1,942,908 | 0.4% | 6 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $36.4M | 472,307 | 0.3% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $35.6M | 108,904 | 0.3% | 6 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $35.6M | 432,269 | 0.3% | 29 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $35.4M | 285,437 | 0.3% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $35.0M | 92,616 | 0.3% | 6 |
| ALNYLAM PHARMACEUTICALS INC | [ALNY](https://holderbook.com/stocks/ALNY/) | $34.8M | 115,549 | 0.3% | 6 |
| INVESCO ACTVELY MNGD ETC FD | [PDBC](https://holderbook.com/stocks/PDBC/) | $33.9M | 2,132,062 | 0.3% | 8 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $30.9M | 43,991 | 0.3% | 6 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $30.9M | 41,950 | 0.3% | 6 |
| SPDR SERIES TRUST | [XME](https://holderbook.com/stocks/XME/) | $30.6M | 286,155 | 0.3% | 15 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $30.3M | 82,126 | 0.3% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $30.1M | 144,148 | 0.3% | 6 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $30.1M | 150,437 | 0.3% | 8 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $28.2M | 236,352 | 0.3% | 27 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $26.7M | 737,603 | 0.3% | 26 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $26.7M | 105,264 | 0.3% | 6 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $26.6M | 298,587 | 0.3% | 5 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $26.4M | 532,178 | 0.2% | 9 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $26.3M | 98,041 | 0.2% | 6 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $25.2M | 308,044 | 0.2% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $24.5M | 102,816 | 0.2% | 26 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $23.3M | 48,685 | 0.2% | 11 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $22.9M | 96,591 | 0.2% | 6 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $22.8M | 310,641 | 0.2% | 6 |
| AGIOS PHARMACEUTICALS INC | [AGIO](https://holderbook.com/stocks/AGIO/) | $22.7M | 612,850 | 0.2% | 6 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $22.0M | 115,887 | 0.2% | 6 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $21.6M | 116,903 | 0.2% | 6 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $20.5M | 556,413 | 0.2% | 6 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $19.9M | 48,700 | 0.2% | 6 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $19.9M | 230,877 | 0.2% | 31 |
| VULCAN MATLS CO | [VMC](https://holderbook.com/stocks/VMC/) | $19.6M | 66,533 | 0.2% | 6 |
| PULTE GROUP INC | [PHM](https://holderbook.com/stocks/PHM/) | $19.3M | 140,617 | 0.2% | 6 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $18.2M | 365,746 | 0.2% | 6 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $18.1M | 159,836 | 0.2% | 6 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $18.0M | 121,664 | 0.2% | 6 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $18.0M | 397,972 | 0.2% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $17.7M | 50,022 | 0.2% | 16 |
| HIGHWOODS PPTYS INC | [HIW](https://holderbook.com/stocks/HIW/) | $17.7M | 585,500 | 0.2% | 6 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $17.6M | 349,934 | 0.2% | 6 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $17.4M | 253,676 | 0.2% | 31 |
| COCA-COLA EUROPACIFIC PARTNE | [CCEP](https://holderbook.com/stocks/CCEP/) | $17.2M | 171,588 | 0.2% | 6 |
| EVOLV TECHNOLOGIES HLDNGS IN | [EVLV](https://holderbook.com/stocks/EVLV/) | $17.0M | 2,934,579 | 0.2% | 6 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $16.7M | 119,976 | 0.2% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $16.7M | 29,616 | 0.2% | 26 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $16.5M | 48,388 | 0.2% | 6 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $16.3M | 90,880 | 0.2% | 6 |
| MITSUBISHI UFJ FINANCIAL GRO | [MUFG](https://holderbook.com/stocks/MUFG/) | $16.3M | 819,852 | 0.2% | 6 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $16.0M | 168,218 | 0.2% | 3 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $15.8M | 84,223 | 0.1% | 2 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $15.1M | 14,978 | 0.1% | 6 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $14.9M | 47,408 | 0.1% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $14.8M | 176,861 | 0.1% | 11 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $14.6M | 187,899 | 0.1% | 6 |
| DICKS SPORTING GOODS INC | [DKS](https://holderbook.com/stocks/DKS/) | $14.1M | 62,072 | 0.1% | 6 |
| CINCINNATI FINL CORP | [CINF](https://holderbook.com/stocks/CINF/) | $13.9M | 74,942 | 0.1% | 6 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $13.8M | 43,986 | 0.1% | 6 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $13.6M | 11,357 | 0.1% | 6 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $13.6M | 595,973 | 0.1% | 17 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $13.5M | 224,254 | 0.1% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.9% | +14.8% | -4.9% | 100% |
| Q1 2026 | -1.6% | -4.6% | +3.0% | 100% |
| Q4 2025 | +1.9% | +2.4% | -0.4% | 100% |
| Q3 2025 | +6.3% | +7.8% | -1.6% | 100% |
| Q2 2025 | +8.3% | +10.5% | -2.1% | 100% |
| Q1 2025 | -1.3% | -4.6% | +3.2% | 100% |
| Q4 2024 | -1.4% | +2.1% | -3.5% | 100% |
| Q3 2024 | +5.2% | +5.4% | -0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $10.6B | 485 |
| Q1 2026 | $9.4B | 468 |
| Q4 2025 | $9.4B | 493 |
| Q3 2025 | $9.2B | 511 |
| Q2 2025 | $9.0B | 549 |
| Q1 2025 | $7.9B | 513 |
| Q4 2024 | $4.8B | 69 |
| Q3 2024 | $5.0B | 68 |
| Q2 2024 | $4.8B | 67 |
| Q1 2024 | $9.4B | 71 |
| Q4 2023 | $8.7B | 66 |
| Q3 2023 | $3.8B | 59 |