SCS Capital Management LLC

RIA/Wealth

SCS Capital Management LLC is a RIA/Wealth based in Boston, MA led by Antony James Abbiati, reporting $43.1B in AUM as of Q3 2025 with 83% ETF concentration, 53% concentrated in top 10 holdings, and minimal technology exposure.

CEOAntony James Abbiati

Portfolio Value: $9.2B
Positions: 507
Top Holding: VGIT at 9.76%
Last Reported: Q3 2025

Address888 Boylston Street, Suite 1010, Boston, MA, 02199, United States

Top Holdings

Largest long holdings in SCS Capital Management LLC's portfolio (52.9% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard Intermediate-Term Treasury VGIT	ETF ETF	$895.6M	9.76%	+$262.6M Bought	— 14.9M shares	Q3 2023 Held for 2y 2m
2 Vanguard Total Stock Market VTI	ETF ETF	$842.1M	9.18%	-$47.4M Sold	— 2.6M shares	Q1 2015 Held for 10y 8m
3 iShares Russell 3000 IWV	ETF ETF	$707.3M	7.71%	-$3.5M Sold	— 1.9M shares	≤ Q2 2013 Held for 12y 5m+
4 Vanguard FTSE Developed Markets VEA	ETF ETF	$587.7M	6.41%	-$24.7M Sold	— 9.8M shares	Q4 2014 Held for 10y 11m
5 SPDR S&P 500 ETF Trust SPY	ETF ETF	$469.8M	5.12%	-$12.8M Sold	— 704.5K shares	≤ Q2 2013 Held for 12y 5m+
6 Schwab U.S. Broad Market SCHB	ETF ETF	$313.7M	3.42%	-$603.5K Sold	— 12.2M shares	Q1 2020 Held for 5y 8m
7 Schwab International Equity SCHF	ETF ETF	$295.3M	3.22%	-$6.5M Sold	— 12.7M shares	Q1 2020 Held for 5y 8m
8 Vanguard S&P 500 ETF VOO	ETF ETF	$284.0M	3.10%	-$9.3M Sold	— 462.6K shares	Q1 2025 Held for 8 months
9 iShares MSCI USA Quality Factor QUAL	ETF ETF	$242.0M	2.64%	-$58.9M Sold	— 1.2M shares	Q4 2023 Held for 1y 11m
10 Vanguard High Dividend Yield VYM	ETF ETF	$213.0M	2.32%	-$2.8M Sold	— 1.5M shares	Q1 2025 Held for 8 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in SCS Capital Management LLC's latest filing

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Market Value

$9.2B

Prior: $9.0B

Q/Q Change

+1.71%

+$154.2M

Net Flows % of MV

-4.45%

Turnover Ratio

6.94%

New Purchases

26 stocks

$32.4M

Added To

116 stocks

+$399.8M

Sold Out Of

67 stocks

$46.2M

Reduced Holdings

264 stocks

-$794.3M

Increased Positions

Position	Shares Δ	Change
1 FedEx FDX	New	0 → 42.2K +$10.0M
2 Metsera, Inc. Common Stock MTSR	New	0 → 89.4K +$4.7M
3 Old Republic International ORI	New	0 → 105.2K +$4.5M
4 Tamboran Resources TBN	New	0 → 93.5K +$2.6M
5 Nu Holdings NU	New	0 → 84.0K +$1.3M

Decreased Positions

Position	Shares Δ	Change
1 Vornado Realty VNO	Sold	260.8K → 0 −$10.0M
2 Brookfield Infrastructure Corporation BIPC	Sold	166.7K → 0 −$6.9M
3 Brookfield Renewable Corporation BEPC	Sold	90.7K → 0 −$3.0M
4 eBay EBAY	Sold	28.7K → 0 −$2.1M
5 Blueprint Medicines BPMC	Sold	15.2K → 0 −$1.9M

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Analytics

Portfolio insights and performance metrics for SCS Capital Management LLC

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Sector Allocation

ETF

82.70%

Technology

3.50%

Financial Services

2.80%

Healthcare

2.10%

Industrials

1.50%

Consumer Cyclical

1.40%

Communication Services

1.10%

Consumer Defensive

1.10%

Energy

0.70%

Real Estate

0.60%

Basic Materials

0.50%

Utilities

0.10%

Market Cap Distribution

Mega Cap (> $200B)

6.67%

Large Cap ($10B - $200B)

6.03%

Mid Cap ($2B - $10B)

1.81%

Small Cap ($300M - $2B)

0.63%

Micro Cap ($50M - $300M)

0.05%

Nano Cap (< $50M)

0.25%

N/A (ETF or Unknown)

84.56%

Portfolio Concentration

Top 10 Holdings %

52.87%

Top 20 Holdings %

67.61%

Top 50 Holdings %

81.56%

Top 100 Holdings %

91.53%