SCS CAPITAL MANAGEMENT LLC

Filed: 11/13/2025ACC: 0001303159-25-000012

📋 What this filing means

SCS CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 511 equity positions with a total reported market value of $9.18B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

511

Positions

$9.18B

Total AUM (reported)

114.71M

Total Shares

Allocation by class

COM$1.11B12.1%

INTER TERM TREAS$895.60M9.8%

TOTAL STK MKT$842.08M9.2%

RUSSELL 3000 ETF$707.26M7.7%

VAN FTSE DEV MKT$587.67M6.4%

TR UNIT$469.80M5.1%

US BRD MKT ETF$313.66M3.4%

Portfolio Concentration

Top 3$2.44B26.6%

4–10$2.41B26.2%

11–25$1.66B18.1%

Rest$2.66B29.0%

Top 3 weight

26.6%

Top 10 weight

52.9%

Voting Authority Distribution

Total shares with voting rights: 114.71M

Sole

Full voting authority

84.59M

% of voting shares73.7%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

30.11M

% of voting shares26.3%

Investment Discretion (by position count)

Sole511

Shared0

Other0

Dominant voting typeSole · 73.7% of voting shares

Institutional Holdings511

Rows:

VANGUARD SCOTTSDALE FDS

SOLE

INTER TERM TREAS

Shares14.92M

TypeSH

Market value$895.60M

9.76%

Sole

14.27M

Shared

0.00

None

644.23K

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares2.57M

TypeSH

Market value$842.08M

9.18%

Sole

2.28M

Shared

0.00

None

288.79K

ISHARES TR

SOLE

RUSSELL 3000 ETF

Shares1.87M

TypeSH

Market value$707.26M

7.71%

Sole

1.85M

Shared

0.00

None

13.91K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares9.81M

TypeSH

Market value$587.67M

6.40%

Sole

7.08M

Shared

0.00

None

2.72M

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares704.46K

TypeSH

Market value$469.80M

5.12%

Sole

334.53K

Shared

0.00

None

369.93K

SCHWAB STRATEGIC TR

SOLE

US BRD MKT ETF

Shares12.20M

TypeSH

Market value$313.66M

3.42%

Sole

12.09M

Shared

0.00

None

109.73K

SCHWAB STRATEGIC TR

SOLE

INTL EQTY ETF

Shares12.69M

TypeSH

Market value$295.31M

3.22%

Sole

10.75M

Shared

0.00

None

1.94M

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares462.58K

TypeSH

Market value$284.03M

3.10%

Sole

30.61K

Shared

0.00

None

431.98K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares1.24M

TypeSH

Market value$241.98M

2.64%

Sole

1.23M

Shared

0.00

None

18.86K

VANGUARD WHITEHALL FDS

SOLE

HIGH DIV YLD

Shares1.51M

TypeSH

Market value$213.01M

2.32%

Sole

369.00

Shared

0.00

None

1.51M

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares1.12M

TypeSH

Market value$209.15M

2.28%

Sole

1.04M

Shared

0.00

None

79.22K

SPDR SERIES TRUST

SOLE

PORTFOLIO S&P500

Shares2.55M

TypeSH

Market value$200.06M

2.18%

Sole

2.51M

Shared

0.00

None

40.01K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares3.67M

TypeSH

Market value$198.57M

2.16%

Sole

2.29M

Shared

0.00

None

1.38M

SPDR SERIES TRUST

SOLE

PRTFLO S&P500 GW

Shares1.90M

TypeSH

Market value$198.40M

2.16%

Sole

1.70M

Shared

0.00

None

200.74K

ISHARES TR

SOLE

CORE MSCI EAFE

Shares1.64M

TypeSH

Market value$142.80M

1.56%

Sole

226.22K

Shared

0.00

None

1.41M

VANGUARD MUN BD FDS

SOLE

TAX EXEMPT BD

Shares1.95M

TypeSH

Market value$97.85M

1.07%

Sole

1.95M

Shared

0.00

None

7.45K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares124.58K

TypeSH

Market value$83.38M

0.91%

Sole

40.09K

Shared

0.00

None

84.48K

VANGUARD SCOTTSDALE FDS

SOLE

VNG RUS1000GRW

Shares622.30K

TypeSH

Market value$74.99M

0.82%

Sole

134.00

Shared

0.00

None

622.17K

VANGUARD INTL EQUITY INDEX F

SOLE

TT WRLD ST ETF

Shares538.18K

TypeSH

Market value$74.16M

0.81%

Sole

495.38K

Shared

0.00

None

42.81K

INVESCO EXCHANGE TRADED FD T

SOLE

S&P500 EQL WGT

Shares381.98K

TypeSH

Market value$72.46M

0.79%

Sole

374.38K

Shared

0.00

None

7.59K

ALNYLAM PHARMACEUTICALS INC

SOLE

COM

Shares150.67K

TypeSH

Market value$68.70M

0.75%

Sole

150.67K

Shared

0.00

None

0.00

VANGUARD WHITEHALL FDS

SOLE

INTL DVD ETF

Shares752.71K

TypeSH

Market value$67.42M

0.73%

Sole

0.00

Shared

0.00

None

752.71K

ISHARES TR

SOLE

S&P 500 GRWT ETF

Shares499.05K

TypeSH

Market value$60.25M

0.66%

Sole

492.14K

Shared

0.00

None

6.91K

MICROSOFT CORP

SOLE

COM

Shares114.21K

TypeSH

Market value$59.15M

0.64%

Sole

60.03K

Shared

0.00

None

54.18K

APPLE INC

SOLE

COM

Shares220.74K

TypeSH

Market value$56.21M

0.61%

Sole

95.84K

Shared

0.00

None

124.90K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD SCOTTSDALE FDSSOLE	INTER TERM TREAS	14.92M	SH	$895.60M 9.76%	14.27M	644.23K
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	2.57M	SH	$842.08M 9.18%	2.28M	288.79K
ISHARES TRSOLE	RUSSELL 3000 ETF	1.87M	SH	$707.26M 7.71%	1.85M	13.91K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	9.81M	SH	$587.67M 6.40%	7.08M	2.72M
SPDR S&P 500 ETF TRSOLE	TR UNIT	704.46K	SH	$469.80M 5.12%	334.53K	369.93K
SCHWAB STRATEGIC TRSOLE	US BRD MKT ETF	12.20M	SH	$313.66M 3.42%	12.09M	109.73K
SCHWAB STRATEGIC TRSOLE	INTL EQTY ETF	12.69M	SH	$295.31M 3.22%	10.75M	1.94M
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	462.58K	SH	$284.03M 3.10%	30.61K	431.98K
ISHARES TRSOLE	MSCI USA QLT FCT	1.24M	SH	$241.98M 2.64%	1.23M	18.86K
VANGUARD WHITEHALL FDSSOLE	HIGH DIV YLD	1.51M	SH	$213.01M 2.32%	369.00	1.51M
VANGUARD INDEX FDSSOLE	VALUE ETF	1.12M	SH	$209.15M 2.28%	1.04M	79.22K
SPDR SERIES TRUSTSOLE	PORTFOLIO S&P500	2.55M	SH	$200.06M 2.18%	2.51M	40.01K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	3.67M	SH	$198.57M 2.16%	2.29M	1.38M
SPDR SERIES TRUSTSOLE	PRTFLO S&P500 GW	1.90M	SH	$198.40M 2.16%	1.70M	200.74K
ISHARES TRSOLE	CORE MSCI EAFE	1.64M	SH	$142.80M 1.56%	226.22K	1.41M
VANGUARD MUN BD FDSSOLE	TAX EXEMPT BD	1.95M	SH	$97.85M 1.07%	1.95M	7.45K
ISHARES TRSOLE	CORE S&P500 ETF	124.58K	SH	$83.38M 0.91%	40.09K	84.48K
VANGUARD SCOTTSDALE FDSSOLE	VNG RUS1000GRW	622.30K	SH	$74.99M 0.82%	134.00	622.17K
VANGUARD INTL EQUITY INDEX FSOLE	TT WRLD ST ETF	538.18K	SH	$74.16M 0.81%	495.38K	42.81K
INVESCO EXCHANGE TRADED FD TSOLE	S&P500 EQL WGT	381.98K	SH	$72.46M 0.79%	374.38K	7.59K
ALNYLAM PHARMACEUTICALS INCSOLE	COM	150.67K	SH	$68.70M 0.75%	150.67K	0.00
VANGUARD WHITEHALL FDSSOLE	INTL DVD ETF	752.71K	SH	$67.42M 0.73%	0.00	752.71K
ISHARES TRSOLE	S&P 500 GRWT ETF	499.05K	SH	$60.25M 0.66%	492.14K	6.91K
MICROSOFT CORPSOLE	COM	114.21K	SH	$59.15M 0.64%	60.03K	54.18K
APPLE INCSOLE	COM	220.74K	SH	$56.21M 0.61%	95.84K	124.90K

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