SCS Capital Management LLC
Long book
$9.44B
Q1 2026
Positions
468
Top-10 weight
54%
concentration
Last quarter
+10.3%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsSCS Capital Management LLC is a wealth-management firm allocating client money, running a $9.44B US long book across 468 positions.
The portfolio is concentrated: the top 10 names carry 54% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD INTERMEDIATE-TERM T, VANGUARD TOTAL STOCK MKT ETF, ISHARES RUSSELL 3000 ETF, VANGUARD FTSE DEVELOPED ETF, SS SPDR S&P 500 ETF TRUST-US.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.2%
Q2 2024
+5.7%
Q3 2024
-0.6%
Q4 2024
-1.0%
Q1 2025
+9.0%
Q2 2025
+6.7%
Q3 2025
+2.7%
Q4 2025
-1.3%
Q1 2026
+10.3%
Sector allocation
Technology 23%
Financials 14%
Industrials 14%
Healthcare 13%
Other 10%
Consumer discretionary 7%
Consumer staples 5%
Energy 5%
Long book by quarter
What does SCS Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NYT NEW YORK TIMES CO-A | Other | 794.7K | $66.5M | 0.7% | +12.0% |
| XPEL XPEL INC | Industrials | 1.2M | $55.0M | 0.6% | Held |
| AAPL APPLE INC | Technology | 198.9K | $50.5M | 0.5% | -6.4% |
| ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 149.5K | $49.5M | 0.5% | 0.0% |
| MSFT MICROSOFT CORP | Technology | 105.6K | $39.1M | 0.4% | -2.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 151.3K | $37.0M | 0.4% | -6.2% |
| JPM JPMORGAN CHASE & CO | Financials | 109.8K | $32.3M | 0.3% | -6.2% |
| AVGO BROADCOM INC | Technology | 96.5K | $29.9M | 0.3% | -6.3% |
| KO COCA-COLA CO/THE | Consumer staples | 386.1K | $29.5M | 0.3% | -3.4% |
| NVDA NVIDIA CORP | Technology | 159.0K | $27.7M | 0.3% | -7.6% |
| TRGP TARGA RESOURCES CORP | Utilities | 109.9K | $27.6M | 0.3% | -3.7% |
| MS MORGAN STANLEY | Financials | 145.1K | $23.9M | 0.3% | -8.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 108.3K | $22.5M | 0.2% | +6.0% |
| RTX RTX CORP | Industrials | 116.8K | $22.5M | 0.2% | -37.1% |
| AGIO AGIOS PHARMACEUTICALS INC | Healthcare | 612.9K | $20.7M | 0.2% | +2.4% |
| WMT WALMART INC | Consumer discretionary | 166.2K | $20.7M | 0.2% | -20.3% |
| VMC VULCAN MATERIALS CO | Materials | 66.6K | $18.1M | 0.2% | Held |
| EVLV EVOLV TECHNOLOGIES HOLDINGS | Technology | 3.0M | $17.9M | 0.2% | -4.5% |
| STZ CONSTELLATION BRANDS INC-A | Consumer staples | 119.1K | $17.9M | 0.2% | New |
| TFC TRUIST FINANCIAL CORP | Financials | 371.3K | $17.1M | 0.2% | -3.8% |
| AZN ASTRAZENECA PLC | Healthcare | 87.3K | $17.0M | 0.2% | New |
| META META PLATFORMS INC-CLASS A | Technology | 29.7K | $17.0M | 0.2% | -31.0% |
| PHM PULTEGROUP INC | Industrials | 140.6K | $16.5M | 0.2% | Held |
| CVX CHEVRON CORP | Energy | 79.2K | $16.4M | 0.2% | -8.6% |
| FDX FEDEX CORP | Industrials | 45.7K | $16.3M | 0.2% | -4.0% |
| CCEP COCA-COLA EUROPACIFIC PARTNE | Consumer staples | 173.0K | $15.7M | 0.2% | -3.7% |
| GOOG ALPHABET INC-CL C | Technology | 53.8K | $15.4M | 0.2% | -4.4% |
| DKS DICK'S SPORTING GOODS INC | Consumer discretionary | 76.5K | $15.2M | 0.2% | +7.5% |
| QCOM QUALCOMM INC | Technology | 112.9K | $14.5M | 0.2% | +15.5% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 47.3K | $13.6M | 0.1% | -17.0% |
| GS GOLDMAN SACHS GROUP INC | Financials | 15.1K | $12.7M | 0.1% | -6.0% |
| XOM EXXON MOBIL CORP | Energy | 73.5K | $12.5M | 0.1% | -6.1% |
| TSLX SIXTH STREET SPECIALTY LENDI | — | 666.4K | $12.2M | 0.1% | +2.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 24.6K | $11.8M | 0.1% | -6.0% |
| CINF CINCINNATI FINANCIAL CORP | Financials | 74.9K | $11.8M | 0.1% | 0.0% |
| GOOGL ALPHABET INC-CL A | Technology | 38.9K | $11.2M | 0.1% | -10.2% |
| TGT TARGET CORP | Consumer discretionary | 88.7K | $10.8M | 0.1% | -0.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 468 | $9.44B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 493 | $9.44B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 511 | $9.18B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 549 | $9.02B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR/ARESTATEMENT | May 19, 2025 | 513 | $7.86B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 513 | $7.86B | SEC ↗ | |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 69 | $4.85B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 68 | $4.96B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Oct 1, 2024 | 67 | $4.77B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ANEW HOLDINGS | Aug 13, 2024 | 71 | $4.70B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 70 | $4.68B | canonical | SEC ↗ |