Funds · 13F filer · Boston, MA

SCS Capital Management LLC

$10.6B in 485 U.S. stocks and ETFs at the end of June 30, 2026, as reported to the SEC.¹

1y return+17.0%S&P 500 +20.9%

3y return+45.8%S&P 500 +68.5%

5y return+36.9%S&P 500 +74.5%

10y return+119.3%S&P 500 +256.5%

These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.

$100 invested in its stock picks

Since June 30, 2016: $219 against $357 in the S&P 500.²

SCS Capital Management LLCS&P 500 (SPY)

Top holdings

At the end of June 30, 2026. Change is in shares since the quarter before.²

Stock	Value	Share of portfolio	Change
VGITVanguard Scottsdale Fds	$1.2B	11.1%	+3.9%
VTIVanguard Index Fds	$950.4M	9.0%	−1.3%
IWVIshares Tr	$792.5M	7.5%
VEAVanguard Tax-managed Fds	$648.9M	6.1%	−2.1%
SPYState Str Spdr S&p 500 Etf T	$518.7M	4.9%
SCHBSchwab Strategic Tr	$345.6M	3.3%
SCHFSchwab Strategic Tr	$344.3M	3.3%
VOOVanguard Index Fds	$293.9M	2.8%	−3.4%
SPYMSpdr Series Trust	$276.5M	2.6%	+1.3%
SPYGSpdr Series Trust	$230.2M	2.2%
VYMVanguard Whitehall Fds	$224.8M	2.1%	−2.8%
VTVanguard Intl Equity Index F	$218.9M	2.1%	+13.2%
VTVVanguard Index Fds	$216.4M	2.0%	−2.1%
VWOVanguard Intl Equity Index F	$214.8M	2.0%
IEFAIshares Tr	$164.9M	1.6%	+2.8%
RSPInvesco Exchange Traded Fd T	$141.5M	1.3%
QUALIshares Tr	$121.3M	1.1%	−30.6%
AGGIshares Tr	$113.2M	1.1%	+507.7%
MSFTMicrosoft Corp	$107.8M	1.0%	+173.7%
VBILVanguard Instl Index Fd	$104.1M	1.0%	−7.3%
STIPIshares Tr	$101.1M	1.0%	+2.2%
VTEBVanguard Mun Bd Fds	$92.5M	0.9%	−5.2%
IVVIshares Tr	$87.2M	0.8%
VONGVanguard Scottsdale Fds	$81.6M	0.8%	+9.7%
VBVanguard Index Fds	$65.2M	0.6%	−2.1%

Best picks still held

How each current holding has done since the quarter it first appeared in its filings (up to six years back).

Stock	Held since	Return since	Now worth
AAPLApple Inc	June 30, 2020	+217.3%	$55.1M
IVWIshares Tr	June 30, 2020	+165.1%	$64.2M
SPYGSpdr Series Trust	June 30, 2020	+164.9%	$230.2M
SPYState Str Spdr S&p 500 Etf T	June 30, 2020	+142.2%	$518.7M
IWVIshares Tr	June 30, 2020	+136.8%	$792.5M
SCHBSchwab Strategic Tr	June 30, 2020	+136.5%	$345.6M
VTIVanguard Index Fds	June 30, 2020	+136.4%	$950.4M
ESGVVanguard World Fd	June 30, 2020	+134.5%	$51.7M
VTVVanguard Index Fds	June 30, 2020	+118.8%	$216.4M
VTVanguard Intl Equity Index F	June 30, 2020	+109.8%	$218.9M

Sold off last quarter

RELXRelx PLC was $9.8M
KRKroger Co was $4.6M
ORIOld Rep Intl Corp was $4.1M
Honeywell Intl IncCUSIP 438516106 was $3.8M
SOCSable Offshore Corp was $826K
BSVVanguard Bd Index Fds was $648K
UAAUnder Armour Inc was $630K
INVHInvitation Homes Inc was $622K
SCHWSchwab Charles Corp was $385K
RWLInvesco Exch Traded Fd Tr II was $357K

Quarter by quarter

Quarter	Its picks	S&P 500
June 30, 2026	+9.8%	+14.8%
March 31, 2026	−1.6%	−4.6%
December 31, 2025	+1.9%	+2.4%
September 30, 2025	+6.2%	+7.8%
June 30, 2025	+8.4%	+10.5%
March 31, 2025	−1.3%	−4.6%
December 31, 2024	−1.4%	+2.1%
September 30, 2024	+5.2%	+5.4%
June 30, 2024	+1.6%	+4.0%
March 31, 2024	+5.4%	+10.0%
December 31, 2023	+8.2%	+11.2%
September 30, 2023	−3.0%	−3.6%
June 30, 2023	+4.5%	+8.3%
March 31, 2023	+5.8%	+7.0%
December 31, 2022	+6.3%	+7.1%
September 30, 2022	−6.1%	−5.3%
June 30, 2022	−13.1%	−16.5%
March 31, 2022	−5.0%	−4.9%
December 31, 2021	+4.2%	+10.7%
September 30, 2021	−1.2%	+0.3%

Sources

Every number on this page points here. Each one links to the public record.

1
SEC EDGAR: SCS Capital Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1303159&type=13F-HR&dateb=&owner=include&count=40
CIK 1303159
2
SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1303159/000130315926000003/
Filed August 6, 2026 · accession 0001303159-26-000003