SCS CAPITAL MANAGEMENT LLC

Filed: 8/13/2025ACC: 0001303159-25-000004

📋 What this filing means

SCS CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 549 equity positions with a total reported market value of $9.02B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

549

Positions

$9.02B

Total AUM (reported)

121M

Total Shares

Allocation by class

COM$1.11B12.3%

TOTAL STK MKT$823.75M9.1%

RUSSELL 3000 ETF$658.33M7.3%

INTER TERM TREAS$630.71M7.0%

VAN FTSE DEV MKT$582.67M6.5%

TR UNIT$448.00M5.0%

US BRD MKT ETF$291.28M3.2%

Portfolio Concentration

Top 3$2.11B23.4%

4–10$2.42B26.8%

11–25$1.81B20.1%

Rest$2.68B29.7%

Top 3 weight

23.4%

Top 10 weight

50.2%

Voting Authority Distribution

Total shares with voting rights: 121M

Sole

Full voting authority

84.78M

% of voting shares70.1%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

36.22M

% of voting shares29.9%

Investment Discretion (by position count)

Sole549

Shared0

Other0

Dominant voting typeSole · 70.1% of voting shares

Institutional Holdings549

Rows:

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares2.71M

TypeSH

Market value$823.75M

9.13%

Sole

2.42M

Shared

0.00

None

289K

ISHARES TR

SOLE

RUSSELL 3000 ETF

Shares1.88M

TypeSH

Market value$658.33M

7.30%

Sole

1.86M

Shared

0.00

None

13.45K

VANGUARD SCOTTSDALE FDS

SOLE

INTER TERM TREAS

Shares10.55M

TypeSH

Market value$630.71M

6.99%

Sole

10.14M

Shared

0.00

None

400.52K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares10.22M

TypeSH

Market value$582.67M

6.46%

Sole

7.49M

Shared

0.00

None

2.73M

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares723.64K

TypeSH

Market value$448.00M

4.97%

Sole

350.83K

Shared

0.00

None

372.81K

SCHWAB STRATEGIC TR

SOLE

US BRD MKT ETF

Shares12.22M

TypeSH

Market value$291.28M

3.23%

Sole

12.11M

Shared

0.00

None

109.73K

SCHWAB STRATEGIC TR

SOLE

INTL EQTY ETF

Shares12.96M

TypeSH

Market value$286.51M

3.18%

Sole

10.99M

Shared

0.00

None

1.97M

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares1.55M

TypeSH

Market value$283.09M

3.14%

Sole

1.53M

Shared

0.00

None

18.93K

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares477.80K

TypeSH

Market value$272.19M

3.02%

Sole

29.98K

Shared

0.00

None

447.83K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares4.28M

TypeSH

Market value$251.75M

2.79%

Sole

4.27M

Shared

0.00

None

16.91K

VANGUARD WHITEHALL FDS

SOLE

HIGH DIV YLD

Shares1.53M

TypeSH

Market value$204.07M

2.26%

Sole

369.00

Shared

0.00

None

1.53M

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares1.10M

TypeSH

Market value$194.62M

2.16%

Sole

1.03M

Shared

0.00

None

67.72K

SPDR SERIES TRUST

SOLE

PORTFOLIO S&P500

Shares2.52M

TypeSH

Market value$183.23M

2.03%

Sole

2.50M

Shared

0.00

None

17.98K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares3.68M

TypeSH

Market value$182.15M

2.02%

Sole

2.27M

Shared

0.00

None

1.41M

VANGUARD SCOTTSDALE FDS

SOLE

LONG TERM TREAS

Shares3.17M

TypeSH

Market value$178.13M

1.97%

Sole

3.16M

Shared

0.00

None

14.09K

SPDR SERIES TRUST

SOLE

PRTFLO S&P500 GW

Shares1.84M

TypeSH

Market value$175.06M

1.94%

Sole

1.68M

Shared

0.00

None

154.23K

ISHARES TR

SOLE

CORE MSCI EAFE

Shares1.64M

TypeSH

Market value$136.59M

1.51%

Sole

226.20K

Shared

0.00

None

1.41M

VANGUARD MUN BD FDS

SOLE

TAX EXEMPT BD

Shares2.04M

TypeSH

Market value$99.98M

1.11%

Sole

2.03M

Shared

0.00

None

7.20K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares125.63K

TypeSH

Market value$78.00M

0.86%

Sole

40.06K

Shared

0.00

None

85.57K

VANGUARD WHITEHALL FDS

SOLE

INTL DVD ETF

Shares803.71K

TypeSH

Market value$72.43M

0.80%

Sole

0.00

Shared

0.00

None

803.71K

VANGUARD SCOTTSDALE FDS

SOLE

VNG RUS1000GRW

Shares639.86K

TypeSH

Market value$69.87M

0.77%

Sole

0.00

Shared

0.00

None

639.86K

ISHARES TR

SOLE

S&P 500 GRWT ETF

Shares602.01K

TypeSH

Market value$66.28M

0.73%

Sole

595.10K

Shared

0.00

None

6.91K

MICROSOFT CORP

SOLE

COM

Shares125.74K

TypeSH

Market value$62.54M

0.69%

Sole

33.75K

Shared

0.00

None

91.99K

VANGUARD INTL EQUITY INDEX F

SOLE

TT WRLD ST ETF

Shares437.83K

TypeSH

Market value$56.27M

0.62%

Sole

436.24K

Shared

0.00

None

1.59K

ALNYLAM PHARMACEUTICALS INC

SOLE

COM

Shares170.66K

TypeSH

Market value$55.65M

0.62%

Sole

170.66K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	2.71M	SH	$823.75M 9.13%	2.42M	289K
ISHARES TRSOLE	RUSSELL 3000 ETF	1.88M	SH	$658.33M 7.30%	1.86M	13.45K
VANGUARD SCOTTSDALE FDSSOLE	INTER TERM TREAS	10.55M	SH	$630.71M 6.99%	10.14M	400.52K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	10.22M	SH	$582.67M 6.46%	7.49M	2.73M
SPDR S&P 500 ETF TRSOLE	TR UNIT	723.64K	SH	$448.00M 4.97%	350.83K	372.81K
SCHWAB STRATEGIC TRSOLE	US BRD MKT ETF	12.22M	SH	$291.28M 3.23%	12.11M	109.73K
SCHWAB STRATEGIC TRSOLE	INTL EQTY ETF	12.96M	SH	$286.51M 3.18%	10.99M	1.97M
ISHARES TRSOLE	MSCI USA QLT FCT	1.55M	SH	$283.09M 3.14%	1.53M	18.93K
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	477.80K	SH	$272.19M 3.02%	29.98K	447.83K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	4.28M	SH	$251.75M 2.79%	4.27M	16.91K
VANGUARD WHITEHALL FDSSOLE	HIGH DIV YLD	1.53M	SH	$204.07M 2.26%	369.00	1.53M
VANGUARD INDEX FDSSOLE	VALUE ETF	1.10M	SH	$194.62M 2.16%	1.03M	67.72K
SPDR SERIES TRUSTSOLE	PORTFOLIO S&P500	2.52M	SH	$183.23M 2.03%	2.50M	17.98K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	3.68M	SH	$182.15M 2.02%	2.27M	1.41M
VANGUARD SCOTTSDALE FDSSOLE	LONG TERM TREAS	3.17M	SH	$178.13M 1.97%	3.16M	14.09K
SPDR SERIES TRUSTSOLE	PRTFLO S&P500 GW	1.84M	SH	$175.06M 1.94%	1.68M	154.23K
ISHARES TRSOLE	CORE MSCI EAFE	1.64M	SH	$136.59M 1.51%	226.20K	1.41M
VANGUARD MUN BD FDSSOLE	TAX EXEMPT BD	2.04M	SH	$99.98M 1.11%	2.03M	7.20K
ISHARES TRSOLE	CORE S&P500 ETF	125.63K	SH	$78.00M 0.86%	40.06K	85.57K
VANGUARD WHITEHALL FDSSOLE	INTL DVD ETF	803.71K	SH	$72.43M 0.80%	0.00	803.71K
VANGUARD SCOTTSDALE FDSSOLE	VNG RUS1000GRW	639.86K	SH	$69.87M 0.77%	0.00	639.86K
ISHARES TRSOLE	S&P 500 GRWT ETF	602.01K	SH	$66.28M 0.73%	595.10K	6.91K
MICROSOFT CORPSOLE	COM	125.74K	SH	$62.54M 0.69%	33.75K	91.99K
VANGUARD INTL EQUITY INDEX FSOLE	TT WRLD ST ETF	437.83K	SH	$56.27M 0.62%	436.24K	1.59K
ALNYLAM PHARMACEUTICALS INCSOLE	COM	170.66K	SH	$55.65M 0.62%	170.66K	0.00

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