SCS Capital Management LLC

BOSTON, MA · CIK 1303159 · 13F filing filed 2026-08-06

SEC-registered investment adviser since 2002 · limited liability company

Assets managed$48.7bn
Staff213 · 99 in investment roles
Main clients (by assets)High net worth individuals 62%, Private funds 35%, Charities 2%
Private funds62 (6 hedge) · $16.8bn gross assets
Websitefocusfinancialpartners.com
Form ADV · 2026-07-14SEC adviser record

Legal entitySCS CAPITAL MANAGEMENT LLC (US)
Part of FOCUS FINANCIAL PARTNERS INC. (US)

Other 13F filers in this group: Focus Partners Wealth $97.6bn, Williams Jones Wealth Management, LLC. $8.9bn, Nexus Investment Management ULC $766.9m, TELEMUS CAPITAL, LLC last filed Q4 2023

$10.6bn reported value +12.1% vs Q1 2026

485positions

52.7%in top 10

43 new 139 added 208 reduced 26 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD SCOTTSDALE FDS INTER TERM TREAS VGIT	VGIT	20,007,805	$1.2bn11.15%	11.15%	Added +759.4k	+759,421 4.0%
2	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	2,568,469	$950.4m8.98%	8.98%	Reduced -34.9k	-34,930 -1.3%
3	ISHARES TR RUSSELL 3000 ETF IWV	IWV	1,858,646	$792.5m7.49%	7.49%	Reduced -7.0k	-7,012 -0.4%
4	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	9,107,726	$648.9m6.13%	6.13%	Reduced -195.9k	-195,885 -2.1%
5	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	694,286	$518.7m4.90%	4.90%	Reduced -6.8k	-6,796 -1.0%
6	SCHWAB STRATEGIC TR US BRD MKT ETF SCHB	SCHB	11,934,362	$345.6m3.26%	3.26%	Reduced -35.8k	-35,758 -0.3%
7	SCHWAB STRATEGIC TR INTL EQTY ETF SCHF	SCHF	12,429,498	$344.3m3.25%	3.25%	Reduced -58.5k	-58,462 -0.5%
8	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	427,902	$293.9m2.78%	2.78%	Reduced -15.3k	-15,257 -3.4%
9	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	3,146,097	$276.5m2.61%	2.61%	Added +41.6k	+41,640 1.3%
10	SPDR SERIES TRUST PRTFLO S&P500 GW SPYG	SPYG	1,934,606	$230.2m2.17%	2.17%	Reduced -5.7k	-5,727 -0.3%
11	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	1,422,806	$224.8m2.12%	2.12%	Reduced -40.4k	-40,411 -2.8%
12	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	1,394,823	$218.9m2.07%	2.07%	Added +162.4k	+162,426 13.2%
13	VANGUARD INDEX FDS VALUE ETF VTV	VTV	992,941	$216.4m2.04%	2.04%	Reduced -21.5k	-21,476 -2.1%
14	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	3,598,204	$214.8m2.03%	2.03%	Reduced -3.8k	-3,783 -0.1%
15	ISHARES TR CORE MSCI EAFE IEFA	IEFA	1,707,890	$164.9m1.56%	1.56%	Added +46.8k	+46,824 2.8%
16	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	665,247	$141.5m1.34%	1.34%	Reduced -1.3k	-1,313 -0.2%
17	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	552,891	$121.3m1.15%	1.15%	Reduced -244.3k	-244,261 -30.6%
18	ISHARES TR CORE US AGGBD ET AGG	AGG	1,143,665	$113.2m1.07%	1.07%	Added +955.5k	+955,483 507.7%
19	MICROSOFT CORP COM MSFT	MSFT	288,945	$107.8m1.02%	1.02%	Added +183.4k	+183,360 173.7%
20	VANGUARD INSTL INDEX FD 0-3 MO TREAS BIL VBIL	VBIL	1,375,765	$104.1m0.98%	0.98%	Reduced -108.1k	-108,078 -7.3%
21	ISHARES TR 0-5 YR TIPS ETF STIP	STIP	989,768	$101.1m0.96%	0.96%	Added +21.8k	+21,774 2.2%
22	VANGUARD MUN BD FDS TAX EXEMPT BD VTEB	VTEB	1,829,597	$92.5m0.87%	0.87%	Reduced -100.8k	-100,768 -5.2%
23	ISHARES TR CORE S&P500 ETF IVV	IVV	116,381	$87.2m0.82%	0.82%	Reduced -153	-153 -0.1%
24	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	638,200	$81.6m0.77%	0.77%	Added +56.4k	+56,427 9.7%
25	VANGUARD INDEX FDS SMALL CP ETF VB	VB	215,155	$65.2m0.62%	0.62%	Reduced -4.6k	-4,553 -2.1%
26	ISHARES TR S&P 500 GRWT ETF IVW	IVW	466,610	$64.2m0.61%	0.61%	Reduced -5.2k	-5,150 -1.1%
27	ISHARES TR MSCI EAFE ETF EFA	EFA	610,352	$63.4m0.60%	0.60%	Added +54.9k	+54,905 9.9%
28	XPEL INC COM XPEL	XPEL	1,241,540	$61.6m0.58%	0.58%	Unchanged
29	VANGUARD SCOTTSDALE FDS LONG TERM TREAS VGLT	VGLT	1,094,918	$60.4m0.57%	0.57%	Added +70.7k	+70,673 6.9%
30	LPL FINL HLDGS INC COM LPLA	LPLA	213,511	$60.1m0.57%	0.57%	Added +198.3k	+198,350 1308.3%
31	VANGUARD WORLD FD ENERGY ETF VDE	VDE	372,081	$55.9m0.53%	0.53%	Added +3.6k	+3,636 1.0%
32	APPLE INC COM AAPL	AAPL	190,488	$55.1m0.52%	0.52%	Reduced -8.4k	-8,371 -4.2%
33	NEW YORK TIMES CO CL A NYT	NYT	787,060	$55.1m0.52%	0.52%	Reduced -7.7k	-7,686 -1.0%
34	VANGUARD WORLD FD ESG US STK ETF ESGV	ESGV	391,185	$51.7m0.49%	0.49%	Added +652	+652 0.2%
35	ISHARES INC CORE MSCI EMKT IEMG	IEMG	607,246	$50.3m0.48%	0.48%	Added +5.6k	+5,570 0.9%
36	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	473,126	$45.6m0.43%	0.43%	Reduced -1.2k	-1,211 -0.3%
37	VANGUARD WHITEHALL FDS INTL DVD ETF VIGI	VIGI	453,606	$42.4m0.40%	0.40%	Reduced -189.3k	-189,332 -29.4%
38	VANGUARD INDEX FDS LARGE CAP ETF VV	VV	112,499	$38.7m0.37%	0.37%	Added +54	+54 0.1%
39	ISHARES TR CORE S&P US GWT IUSG	IUSG	204,044	$38.4m0.36%	0.36%	Added +395	+395 0.2%
40	PTC INC COM PTC	PTC	333,702	$37.9m0.36%	0.36%	New
41	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	1,942,908	$37.1m0.35%	0.35%	Added +1.8m	+1,843,771 1859.8%
42	ISHARES TR CORE S&P MCP ETF IJH	IJH	472,307	$36.4m0.34%	0.34%	Reduced -43.6k	-43,571 -8.4%
43	JPMORGAN CHASE & CO COM JPM	JPM	108,904	$35.6m0.34%	0.34%	Reduced -942	-942 -0.9%
44	VANGUARD WORLD FD ESG INTL STK ETF VSGX	VSGX	432,269	$35.6m0.34%	0.34%	Reduced -6.8k	-6,774 -1.5%
45	ISHARES TR RUS 1000 GRW ETF IWF	IWF	285,437	$35.4m0.33%	0.33%	Added +645	+645 0.2%
46	BROADCOM INC COM AVGO	AVGO	92,616	$35.0m0.33%	0.33%	Reduced -3.9k	-3,867 -4.0%
47	ALNYLAM PHARMACEUTICALS INC COM ALNY	ALNY	115,549	$34.8m0.33%	0.33%	Reduced -34.0k	-33,998 -22.7%
48	INVESCO ACTVELY MNGD ETC FD OPTIMUM YIELD PDBC	PDBC	2,132,062	$33.9m0.32%	0.32%	Reduced -18.1k	-18,113 -0.8%
49	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	43,991	$30.9m0.29%	0.29%	Reduced -6.3k	-6,350 -12.6%
50	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	41,950	$30.9m0.29%	0.29%	Reduced -5.2k	-5,166 -11.0%
51	SPDR SERIES TRUST S&P METALS MNG XME	XME	286,155	$30.6m0.29%	0.29%	Added +1.5k	+1,481 0.5%
52	SPDR GOLD TR GOLD SHS GLD	GLD	82,126	$30.3m0.29%	0.29%	Reduced -67	-67 -0.1%
53	MORGAN STANLEY COM NEW MS	MS	144,148	$30.1m0.28%	0.28%	Reduced -950	-950 -0.7%
54	NVIDIA CORPORATION COM NVDA	NVDA	150,437	$30.1m0.28%	0.28%	Reduced -8.6k	-8,590 -5.4%
55	VANGUARD WORLD FD INF TECH ETF VGT	VGT	236,352	$28.2m0.27%	0.27%	Reduced -1.7k	-1,696 -0.7%
56	SCHWAB STRATEGIC TR EMRG MKTEQ ETF SCHE	SCHE	737,603	$26.7m0.25%	0.25%	Reduced -11.5k	-11,508 -1.5%
57	JOHNSON & JOHNSON COM JNJ	JNJ	105,264	$26.7m0.25%	0.25%	Reduced -46.1k	-46,058 -30.4%
58	VENTAS INC COM VTR	VTR	298,587	$26.6m0.25%	0.25%	Added +62.5k	+62,549 26.5%
59	ISHARES TR MSCI INTL QUALTY IQLT	IQLT	532,178	$26.4m0.25%	0.25%	Reduced -174.4k	-174,441 -24.7%
60	TARGA RES CORP COM TRGP	TRGP	98,041	$26.3m0.25%	0.25%	Reduced -11.9k	-11,880 -10.8%
61	COCA COLA CO COM KO	KO	308,044	$25.2m0.24%	0.24%	Reduced -78.1k	-78,100 -20.2%
62	AMAZON COM INC COM AMZN	AMZN	102,816	$24.5m0.23%	0.23%	Reduced -5.4k	-5,434 -5.0%
63	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	48,685	$23.3m0.22%	0.22%	Added +277	+277 0.6%
64	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	96,591	$22.9m0.22%	0.22%	Reduced -2.6k	-2,615 -2.6%
65	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	310,641	$22.8m0.22%	0.22%	Reduced -15.1k	-15,078 -4.6%
66	AGIOS PHARMACEUTICALS INC COM AGIO	AGIO	612,850	$22.7m0.21%	0.21%	Unchanged
67	RTX CORPORATION COM RTX	RTX	115,887	$22.0m0.21%	0.21%	Reduced -875	-875 -0.8%
68	QUALCOMM INC COM QCOM	QCOM	116,903	$21.6m0.20%	0.20%	Added +4.0k	+4,011 3.5%
69	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	556,413	$20.5m0.19%	0.19%	Added +495.3k	+495,256 809.8%
70	ISHARES TR RUS 1000 ETF IWB	IWB	48,700	$19.9m0.19%	0.19%	Reduced -296	-296 -0.6%
71	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	230,877	$19.9m0.19%	0.19%	Reduced -801	-801 -0.3%
72	VULCAN MATLS CO COM VMC	VMC	66,533	$19.6m0.19%	0.19%	Reduced -55	-55 -0.1%
73	PULTE GROUP INC COM PHM	PHM	140,617	$19.3m0.18%	0.18%	Added +21	+21 0.0%
74	TRUIST FINL CORP COM TFC	TFC	365,746	$18.2m0.17%	0.17%	Reduced -5.6k	-5,552 -1.5%
75	WALMART INC COM WMT	WMT	159,836	$18.1m0.17%	0.17%	Reduced -6.4k	-6,388 -3.8%
76	ISHARES TR CORE S&P SCP ETF IJR	IJR	121,664	$18.0m0.17%	0.17%	Reduced -6.5k	-6,497 -5.1%
77	HEWLETT PACKARD ENTERPRISE C COM HPE	HPE	397,972	$18.0m0.17%	0.17%	New
78	ALPHABET INC CAP STK CL C GOOG	GOOG	50,022	$17.7m0.17%	0.17%	Reduced -3.8k	-3,805 -7.1%
79	HIGHWOODS PPTYS INC COM HIW	HIW	585,500	$17.7m0.17%	0.17%	Reduced -9.2k	-9,205 -1.6%
80	SPDR INDEX SHS FDS PORTFOLIO DEVLPD SPDW	SPDW	349,934	$17.6m0.17%	0.17%	Unchanged
81	ISHARES TR MSCI EMG MKT ETF EEM	EEM	253,676	$17.4m0.16%	0.16%	Reduced -4.9k	-4,866 -1.9%
82	COCA-COLA EUROPACIFIC PARTNE SHS CCEP	CCEP	171,588	$17.2m0.16%	0.16%	Reduced -1.4k	-1,393 -0.8%
83	EVOLV TECHNOLOGIES HLDNGS IN COM CL A EVLV	EVLV	2,934,579	$17.0m0.16%	0.16%	Reduced -21.6k	-21,580 -0.7%
84	CONSTELLATION BRANDS INC CL A STZ	STZ	119,976	$16.7m0.16%	0.16%	Added +901	+901 0.8%
85	META PLATFORMS INC CL A META	META	29,616	$16.7m0.16%	0.16%	Reduced -92	-92 -0.3%
86	PALO ALTO NETWORKS INC COM PANW	PANW	48,388	$16.5m0.16%	0.16%	Reduced -4.0k	-4,036 -7.7%
87	DIGITAL RLTY TR INC COM DLR	DLR	90,880	$16.3m0.15%	0.15%	Added +60.3k	+60,265 196.8%
88	MITSUBISHI UFJ FINL GROUP IN SPONSORED ADS MUFG	MUFG	819,852	$16.3m0.15%	0.15%	Reduced -4.2k	-4,236 -0.5%
89	RIO TINTO PLC SPONSORED ADR RIO	RIO	168,218	$16.0m0.15%	0.15%	Reduced -2.5k	-2,479 -1.4%
90	ASTRAZENECA PLC ORD AZN	AZN	84,223	$15.8m0.15%	0.15%	Reduced -3.1k	-3,126 -3.6%
91	GOLDMAN SACHS GROUP INC COM GS	GS	14,978	$15.1m0.14%	0.14%	Reduced -73	-73 -0.5%
92	FEDEX CORP COM FDX	FDX	47,408	$14.9m0.14%	0.14%	Added +1.7k	+1,669 3.6%
93	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	176,861	$14.8m0.14%	0.14%	Reduced -2.1k	-2,077 -1.2%
94	SHELL PLC SPON ADS SHEL	SHEL	187,899	$14.6m0.14%	0.14%	Reduced -11.1k	-11,117 -5.6%
95	DICKS SPORTING GOODS INC COM DKS	DKS	62,072	$14.1m0.13%	0.13%	Reduced -14.4k	-14,388 -18.8%
96	CINCINNATI FINL CORP COM CINF	CINF	74,942	$13.9m0.13%	0.13%	Added +24	+24 0.0%
97	NORFOLK SOUTHN CORP COM NSC	NSC	43,986	$13.8m0.13%	0.13%	Reduced -3.4k	-3,353 -7.1%
98	ELI LILLY & CO COM LLY	LLY	11,357	$13.6m0.13%	0.13%	Reduced -150	-150 -1.3%
99	ISHARES TR US TREAS BD ETF GOVT	GOVT	595,973	$13.6m0.13%	0.13%	Added +25.1k	+25,148 4.4%
100	UNILEVER PLC SPON ADR NEW UL	UL	224,254	$13.5m0.13%	0.13%	Added +32.4k	+32,426 16.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
RELX PLC RELX	RELX	296,112	$9.8m296.1k shares
KROGER CO KR	KR	64,245	$4.6m64.2k shares
OLD REP INTL CORP ORI	ORI	103,305	$4.1m103.3k shares
HONEYWELL INTL INC		8,370	$3.8m8.4k shares
SABLE OFFSHORE CORP SOC	SOC	50,000	$826.0k50.0k shares
VANGUARD BD INDEX FDS BSV	BSV	8,260	$647.7k8.3k shares
UNDER ARMOUR INC UAA	UAA	106,567	$629.8k106.6k shares
INVITATION HOMES INC INVH	INVH	25,018	$621.7k25.0k shares
SCHWAB CHARLES CORP SCHW	SCHW	4,101	$385.4k4.1k shares
INVESCO EXCH TRADED FD TR II RWL	RWL	3,111	$357.5k3.1k shares
COMCAST CORP NEW CMCSA	CMCSA	11,897	$341.6k11.9k shares
WARNER BROS DISCOVERY INC WBD	WBD	12,297	$337.7k12.3k shares
CBRE GROUP INC CBRE	CBRE	2,363	$320.1k2.4k shares
ROCKET LAB CORP RKLB	RKLB	4,983	$320.0k5.0k shares
AMERICAN CENTY ETF TR AVEM	AVEM	3,766	$303.5k3.8k shares
BRISTOL-MYERS SQUIBB CO BMY	BMY	4,855	$294.4k4.9k shares
ANTERO MIDSTREAM CORP AM	AM	12,568	$286.6k12.6k shares
DIMENSIONAL ETF TRUST DFAT	DFAT	4,457	$278.3k4.5k shares
EQT CORP EQT	EQT	4,348	$276.7k4.3k shares
TRACTOR SUPPLY CO TSCO	TSCO	5,700	$258.2k5.7k shares
MSCI INC MSCI	MSCI	464	$250.1k464 shares
ROLLINS INC ROL	ROL	4,327	$231.1k4.3k shares
INTERCONTINENTAL EXCHANGE IN ICE	ICE	1,330	$209.2k1.3k shares
VANECK MERK GOLD ETF OUNZ	OUNZ	4,596	$207.1k4.6k shares
ISHARES TR USMV	USMV	2,203	$204.3k2.2k shares