SCS Capital Management LLC Q4 2025 Filing

Filed February 10, 2026

Portfolio Value

$9.4B

Holdings

493

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (493 positions)

#	Stock	Shares	Value	% Portfolio
1	VGITVANGUARD SCOTTSDALE FDS	16,724,645	$1.0B	10.62%
2	VTIVANGUARD INDEX FDS	2,539,532	$851.4M	9.02%
3	IWVISHARES TR	1,874,800	$725.3M	7.68%
4	VEAVANGUARD TAX-MANAGED FDS	9,489,679	$592.8M	6.28%
5	SPYSPDR S&P 500 ETF TR	704,587	$481.2M	5.10%
6	SCHBSCHWAB STRATEGIC TR	11,909,368	$312.4M	3.31%
7	SCHFSCHWAB STRATEGIC TR	12,527,998	$301.2M	3.19%
8	VOOVANGUARD INDEX FDS	462,701	$290.2M	3.07%
9	VYMVANGUARD WHITEHALL FDS	1,505,250	$216.0M	2.29%
10	SPYMSPDR SERIES TRUST	2,627,987	$210.8M	2.23%
11	VTVVANGUARD INDEX FDS	1,042,872	$199.2M	2.11%
12	SPYGSPDR SERIES TRUST	1,845,611	$196.9M	2.09%
13	VWOVANGUARD INTL EQUITY INDEX F	3,572,897	$192.1M	2.04%
14	QUALISHARES TR	837,390	$166.3M	1.76%
15	AQLTISHARES TR	1,697,724	$151.9M	1.61%
16	RSPINVESCO EXCHANGE TRADED FD T	596,705	$114.3M	1.21%
17	VTVANGUARD INTL EQUITY INDEX F	734,752	$103.6M	1.10%
18	VBILVANGUARD INSTL INDEX FD	1,370,698	$103.4M	1.10%
19	VTEBVANGUARD MUN BD FDS	1,945,859	$97.9M	1.04%
20	IVVISHARES TR	118,383	$81.1M	0.86%
21	VONGVANGUARD SCOTTSDALE FDS	621,420	$75.7M	0.80%
22	VIGIVANGUARD WHITEHALL FDS	719,745	$65.8M	0.70%
23	XPELXPEL INC	1,241,540	$62.0M	0.66%
24	AGGISHARES TR	613,113	$61.2M	0.65%
25	ALNYALNYLAM PHARMACEUTICALS INC	149,611	$59.5M	0.63%
26	IVWISHARES TR	472,402	$58.2M	0.62%
27	AAPLAPPLE INC	212,435	$57.8M	0.61%
28	EFAISHARES TR	587,733	$56.4M	0.60%
29	STIPISHARES TR	542,986	$55.6M	0.59%
30	MSFTMICROSOFT CORP	108,592	$52.5M	0.56%
31	VGLTVANGUARD SCOTTSDALE FDS	894,920	$49.9M	0.53%
32	NYTNEW YORK TIMES CO	709,475	$49.3M	0.52%
33	ESGVVANGUARD WORLD FD	392,849	$47.5M	0.50%
34	VDEVANGUARD WORLD FD	370,931	$46.7M	0.49%
35	VNQVANGUARD INDEX FDS	446,251	$39.5M	0.42%
36	IJHISHARES TR	593,542	$39.2M	0.42%
37	IEMGISHARES INC	578,172	$38.9M	0.41%
38	JPMJPMORGAN CHASE & CO.	117,079	$37.7M	0.40%
39	AVGOBROADCOM INC	102,986	$35.6M	0.38%
40	VVVANGUARD INDEX FDS	112,902	$35.5M	0.38%
41	IQLTISHARES TR	762,143	$34.6M	0.37%
42	IUSGISHARES TR	205,706	$34.5M	0.37%
43	SCHOSCHWAB STRATEGIC TR	1,402,884	$34.2M	0.36%
44	IWFISHARES TR	71,958	$34.1M	0.36%
45	RTXRTX CORPORATION	185,612	$34.0M	0.36%
46	GQ9SPDR GOLD TR	85,046	$33.7M	0.36%
47	BNDVANGUARD BD INDEX FDS	454,125	$33.6M	0.36%
48	JNJJOHNSON & JOHNSON	161,365	$33.4M	0.35%
49	VBVANGUARD INDEX FDS	125,385	$32.3M	0.34%
50	NVDANVIDIA CORPORATION	172,094	$32.1M	0.34%
51	XMESPDR SERIES TRUST	307,647	$31.9M	0.34%
52	VSGXVANGUARD WORLD FD	444,824	$31.9M	0.34%
53	MDYSPDR S&P MIDCAP 400 ETF TR	52,453	$31.7M	0.34%
54	NDQINVESCO QQQ TR	51,044	$31.4M	0.33%
55	METAMETA PLATFORMS INC	43,066	$28.4M	0.30%
56	DWDMORGAN STANLEY	158,942	$28.2M	0.30%
57	HCAHCA HEALTHCARE INC	60,182	$28.1M	0.30%
58	PDBCINVESCO ACTVELY MNGD ETC FD	2,111,753	$28.0M	0.30%
59	KOCOCA COLA CO	399,711	$27.9M	0.30%
60	SCHESCHWAB STRATEGIC TR	742,539	$24.3M	0.26%
61	VIGVANGUARD SPECIALIZED FUNDS	109,931	$24.2M	0.26%
62	AMZNAMAZON COM INC	102,141	$23.6M	0.25%
63	WMTWALMART INC	208,620	$23.3M	0.25%
64	VGTVANGUARD WORLD FD	29,251	$22.0M	0.23%
65	EVLVEVOLV TECHNOLOGIES HLDNGS IN	3,094,015	$21.5M	0.23%
66	TRGPTARGA RES CORP	114,183	$21.1M	0.22%
67	VUGVANGUARD INDEX FDS	39,049	$19.1M	0.20%
68	VMCVULCAN MATLS CO	66,588	$19.0M	0.20%
69	TFCTRUIST FINL CORP	385,791	$19.0M	0.20%
70	VENVENTAS INC	238,795	$18.6M	0.20%
71	IWBISHARES TR	49,136	$18.3M	0.19%
72	GOOGALPHABET INC	56,301	$17.7M	0.19%
73	MUFGMITSUBISHI UFJ FINL GROUP IN	1,109,514	$17.6M	0.19%
74	QCOMQUALCOMM INC	97,714	$16.7M	0.18%
75	MUBISHARES TR	154,146	$16.5M	0.17%
76	PHMPULTE GROUP INC	140,596	$16.5M	0.17%
77	NSCNORFOLK SOUTHN CORP	57,016	$16.5M	0.17%
78	AGIOAGIOS PHARMACEUTICALS INC	598,765	$16.3M	0.17%
79	CCEPCOCA-COLA EUROPACIFIC PARTNE	179,591	$16.3M	0.17%
80	TSMTAIWAN SEMICONDUCTOR MFG LTD	53,441	$16.3M	0.17%
81	IJRISHARES TR	134,641	$16.2M	0.17%
82	SPDWSPDR INDEX SHS FDS	349,062	$15.5M	0.16%
83	SHELSHELL PLC	202,463	$14.9M	0.16%
84	EEMISHARES TR	263,107	$14.4M	0.15%
85	TSLXSIXTH STREET SPECIALTY LENDI	649,887	$14.1M	0.15%
86	DKSDICKS SPORTING GOODS INC	71,121	$14.1M	0.15%
87	GSGOLDMAN SACHS GROUP INC	16,018	$14.1M	0.15%
88	FDXFEDEX CORP	47,652	$13.8M	0.15%
89	GOOGLALPHABET INC	43,318	$13.6M	0.14%
90	VEUVANGUARD INTL EQUITY INDEX F	181,298	$13.3M	0.14%
91	AQLTISHARES TR	578,537	$13.3M	0.14%
92	CVXCHEVRON CORP NEW	86,607	$13.2M	0.14%
93	BRK/BBERKSHIRE HATHAWAY INC DEL	26,203	$13.2M	0.14%
94	ULUNILEVER PLC	197,408	$12.9M	0.14%
95	SCHXSCHWAB STRATEGIC TR	460,431	$12.4M	0.13%
96	CINFCINCINNATI FINL CORP	74,911	$12.2M	0.13%
97	LLYELI LILLY & CO	11,049	$11.9M	0.13%
98	ABNBAIRBNB INC	82,166	$11.2M	0.12%
99	IWMISHARES TR	44,732	$11.0M	0.12%
100	PGPROCTER AND GAMBLE CO	76,271	$10.9M	0.12%

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