SCS Capital Management LLC quarter change: USA Stocks, Reduced
In share positions in stocks (listed in the US), from the quarter ended 2026-03-31 to 2026-06-30, SCS Capital Management LLC opened 35 positions, added to 88, reduced 113, sold out of 19 and left 44 unchanged. The largest increase in value was MSFT (+$68,697,809); the largest decrease was ALNY (-$14,696,901).
- ALNY: Country of operation United States; Class COM; Shares 2026-03-31 149,547; Shares 2026-06-30 115,549.
- NYT: Country of operation United States; Class CL A; Shares 2026-03-31 794,746; Shares 2026-06-30 787,060.
- JNJ: Country of operation United States; Class COM; Shares 2026-03-31 151,322; Shares 2026-06-30 105,264.
- XOMXXXX: Country of operation —; Class COM; Shares 2026-03-31 73,475; Shares 2026-06-30 16,257.
Two Form 13F-HR filings compared (SEC CIK 1303159): 2026-03-31 (filed 2026-05-11) and 2026-06-30 (filed 2026-08-06). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move; share change is the position change.
| Stock | Country of operation | Class | Shares 2026-03-31 | Shares 2026-06-30 | Share change | Value 2026-03-31 | Value 2026-06-30 | Value change |
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ALNY
ALNYLAM PHARMACEUTICALS INC | United States | COM | 149,547 | 115,549 | -33,998 | $49,480,616 | $34,783,715 | -$14,696,901 |
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NYT
NEW YORK TIMES CO MTN BE | United States | CL A | 794,746 | 787,060 | -7,686 | $66,544,083 | $55,078,429 | -$11,465,654 |
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JNJ
JOHNSON & JOHNSON | United States | COM | 151,322 | 105,264 | -46,058 | $36,989,081 | $26,734,001 | -$10,255,080 |
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XOMXXXX
EXXON MOBIL CORP | | COM | 73,475 | 16,257 | -57,218 | $12,465,824 | $2,222,642 | -$10,243,182 |
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PANW
PALO ALTO NETWORKS INC | United States | COM | 52,424 | 48,388 | -4,036 | $8,404,616 | $16,501,276 | +$8,096,660 |
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MS
MORGAN STANLEY | United States | COM NEW | 145,098 | 144,148 | -950 | $23,878,800 | $30,132,619 | +$6,253,819 |
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AVGO
BROADCOM INC | United States | COM | 96,483 | 92,616 | -3,867 | $29,862,527 | $34,985,507 | +$5,122,980 |
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GLD
SPDR GOLD TR | United States | GOLD SHS | 82,193 | 82,126 | -67 | $35,366,844 | $30,253,591 | -$5,113,253 |
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HIW
HIGHWOODS PPTYS INC | United States | COM | 594,705 | 585,500 | -9,205 | $12,732,644 | $17,658,670 | +$4,926,026 |
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TBN
TAMBORAN RES CORP | Australia | COM | 199,871 | 159,333 | -40,538 | $9,991,551 | $5,179,916 | -$4,811,635 |
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STUB
STUBHUB HLDGS INC | United States | CL A | 757,390 | 731,155 | -26,235 | $4,726,114 | $9,409,965 | +$4,683,851 |
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AAPL
APPLE INC | United States | COM | 198,859 | 190,488 | -8,371 | $50,468,511 | $55,119,477 | +$4,650,966 |
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CVX
CHEVRON CORPORATION | United States | COM | 79,190 | 72,592 | -6,598 | $16,384,479 | $12,032,810 | -$4,351,669 |
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KO
COCA COLA CO | United States | COM | 386,144 | 308,044 | -78,100 | $29,544,412 | $25,210,333 | -$4,334,079 |
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ABNB
AIRBNB INC | United States | COM CL A | 80,223 | 44,177 | -36,046 | $10,130,560 | $6,321,729 | -$3,808,831 |
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JPM
JPMORGAN CHASE & CO | United States | COM | 109,846 | 108,904 | -942 | $32,312,249 | $35,647,429 | +$3,335,180 |
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LLY
ELI LILLY & CO | United States | COM | 11,507 | 11,357 | -150 | $10,583,769 | $13,622,483 | +$3,038,714 |
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WMT
WALMART INC | United States | COM | 166,224 | 159,836 | -6,388 | $20,694,095 | $18,102,987 | -$2,591,108 |
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GS
GOLDMAN SACHS GROUP INC | United States | COM | 15,051 | 14,978 | -73 | $12,733,150 | $15,148,389 | +$2,415,239 |
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NVDA
NVIDIA CORPORATION | United States | COM | 159,027 | 150,437 | -8,590 | $27,735,137 | $30,101,039 | +$2,365,902 |
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AMD
ADVANCED MICRO DEVICES INC | United States | COM | 7,195 | 6,520 | -675 | $1,463,679 | $3,787,533 | +$2,323,854 |
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GOOG
ALPHABET INC | United States | CAP STK CL C | 53,827 | 50,022 | -3,805 | $15,440,863 | $17,674,158 | +$2,233,295 |
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AMZN
AMAZON COM INC | United States | COM | 108,250 | 102,816 | -5,434 | $22,545,290 | $24,505,237 | +$1,959,947 |
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HCA
HCA HEALTHCARE INC | United States | COM | 19,234 | 18,480 | -754 | $9,102,389 | $7,205,257 | -$1,897,132 |
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VMC
VULCAN MATLS CO | United States | COM | 66,588 | 66,533 | -55 | $18,131,912 | $19,627,900 | +$1,495,988 |
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CCEP
COCA-COLA EUROPACIFIC PARTNE | | SHS | 172,981 | 171,588 | -1,393 | $15,684,197 | $17,170,855 | +$1,486,658 |
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CAT
CATERPILLAR INC | United States | COM | 4,965 | 4,569 | -396 | $3,517,283 | $4,865,528 | +$1,348,245 |
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TRGP
TARGA RES CORP | United States | COM | 109,921 | 98,041 | -11,880 | $27,560,563 | $26,288,591 | -$1,271,972 |
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KMB
KIMBERLY-CLARK CORP | United States | COM | 27,843 | 13,583 | -14,260 | $2,688,451 | $1,492,448 | -$1,196,003 |
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AZN
ASTRAZENECA PLC | | ORD | 87,349 | 84,223 | -3,126 | $16,998,303 | $15,807,684 | -$1,190,619 |
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DKS
DICKS SPORTING GOODS INC | United States | COM | 76,460 | 62,072 | -14,388 | $15,242,192 | $14,078,440 | -$1,163,752 |
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TFC
TRUIST FINL CORP | United States | COM | 371,298 | 365,746 | -5,552 | $17,068,553 | $18,221,470 | +$1,152,917 |
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BAC
BANK OF AMER CORP | United States | COM | 138,540 | 138,209 | -331 | $6,753,837 | $7,875,125 | +$1,121,288 |
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FTNT
FORTINET INC | United States | COM | 15,115 | 15,106 | -9 | $1,235,198 | $2,320,584 | +$1,085,386 |
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NFLX
NETFLIX INC. | United States | COM | 22,987 | 16,206 | -6,781 | $2,210,200 | $1,157,108 | -$1,053,092 |
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FANG
DIAMONDBACK ENERGY INC | United States | COM | 7,015 | 1,918 | -5,097 | $1,387,497 | $337,146 | -$1,050,351 |
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UNP
UNION PAC CORP | United States | COM | 32,224 | 32,089 | -135 | $7,818,187 | $8,728,241 | +$910,054 |
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CSCO
CISCO SYS INC | United States | COM | 23,029 | 22,777 | -252 | $1,786,802 | $2,675,393 | +$888,591 |
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EVLV
EVOLV TECHNOLOGIES HLDNGS IN | United States | COM CL A | 2,956,159 | 2,934,579 | -21,580 | $17,884,762 | $17,020,558 | -$864,204 |
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TGT
TARGET CORP | United States | COM | 88,725 | 88,681 | -44 | $10,753,428 | $11,582,580 | +$829,152 |
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OBDC
BLUE OWL CAPITAL CORPORATION | United States | COM | 570,323 | 524,822 | -45,501 | $6,518,792 | $5,867,510 | -$651,282 |
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BA
BOEING CO | United States | COM | 38,535 | 38,423 | -112 | $7,669,621 | $8,317,427 | +$647,806 |
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TT
TRANE TECHNOLOGIES PLC | | SHS | 9,868 | 9,671 | -197 | $4,112,390 | $4,759,429 | +$647,039 |
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COP
CONOCOPHILLIPS | United States | COM | 11,848 | 9,287 | -2,561 | $1,563,896 | $965,425 | -$598,471 |
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AMAT
APPLIED MATLS INC | United States | COM | 1,575 | 1,568 | -7 | $538,319 | $1,133,664 | +$595,345 |
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VRT
VERTIV HOLDINGS CO | United States | COM CL A | 3,329 | 725 | -2,604 | $834,291 | $242,900 | -$591,391 |
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LMT
LOCKHEED MARTIN CORP | United States | COM | 1,651 | 819 | -832 | $997,570 | $417,211 | -$580,359 |
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LYFT
LYFT INC | United States | CL A COM | 66,838 | 22,000 | -44,838 | $888,945 | $321,420 | -$567,525 |
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PG
PROCTER & GAMBLE CO | United States | COM | 73,471 | 68,681 | -4,790 | $10,612,117 | $10,071,401 | -$540,716 |
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RTX
RTX CORPORATION | United States | COM | 116,762 | 115,887 | -875 | $22,523,405 | $21,987,264 | -$536,141 |
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UMAC
UNUSUAL MACHS INC | United States | COM SHS | 54,448 | 53,955 | -493 | $675,155 | $1,203,197 | +$528,042 |
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WFC
WELLS FARGO & CO | United States | COM | 19,019 | 12,404 | -6,615 | $1,514,140 | $1,025,047 | -$489,093 |
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PLTR
PALANTIR TECHNOLOGIES INC | United States | CL A | 12,313 | 11,427 | -886 | $1,801,146 | $1,333,188 | -$467,958 |
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CRM
SALESFORCE INC | United States | COM | 8,467 | 7,349 | -1,118 | $1,580,535 | $1,153,876 | -$426,659 |
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ABT
ABBOTT LABORATORIES | United States | COM | 18,414 | 16,217 | -2,197 | $1,890,521 | $1,471,496 | -$419,025 |
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V
VISA INC | United States | COM CL A | 12,413 | 9,826 | -2,587 | $3,751,841 | $3,371,264 | -$380,577 |
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ORCL
ORACLE CORP | United States | COM | 60,275 | 57,910 | -2,365 | $8,866,986 | $8,486,692 | -$380,294 |
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LRCX
LAM RESEARCH CORP | United States | COM NEW | 4,353 | 3,024 | -1,329 | $929,968 | $1,310,199 | +$380,231 |
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HD
HOME DEPOT INC | United States | COM | 10,989 | 9,170 | -1,819 | $3,614,172 | $3,234,132 | -$380,040 |
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PH
PARKER-HANNIFIN CORP | United States | COM | 5,964 | 5,817 | -147 | $5,339,211 | $5,689,724 | +$350,513 |
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IAU
ISHARES GOLD TR | United States | ISHARES NEW | 26,982 | 26,889 | -93 | $2,378,733 | $2,030,388 | -$348,345 |
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UPST
UPSTART HLDGS INC | United States | COM | 35,140 | 35,000 | -140 | $901,341 | $1,240,050 | +$338,709 |
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META
META PLATFORMS INC | United States | CL A | 29,708 | 29,616 | -92 | $16,996,776 | $16,682,509 | -$314,267 |
|---|
ARCC
ARES CAPITAL CORP | United States | COM | 371,371 | 345,103 | -26,268 | $6,692,105 | $6,394,759 | -$297,346 |
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BNY
BANK OF NY MELLON CORP | United States | COM | 31,595 | 27,826 | -3,769 | $3,748,101 | $4,023,901 | +$275,800 |
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ASML
ASML HLDG NV | | N Y REGISTRY SHS | 614 | 543 | -71 | $810,990 | $1,080,266 | +$269,276 |
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NOW
SERVICENOW INC | United States | COM | 35,274 | 34,555 | -719 | $3,687,897 | $3,430,620 | -$257,277 |
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COST
COSTCO WHOLESALE CORPORATION | United States | COM | 3,370 | 3,318 | -52 | $3,357,922 | $3,104,346 | -$253,576 |
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NSC
NORFOLK SOUTHN CORP | United States | COM | 47,339 | 43,986 | -3,353 | $13,586,403 | $13,837,425 | +$251,022 |
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SLV
ISHARES SILVER TR | United States | ISHARES | 15,836 | 15,749 | -87 | $1,079,065 | $842,099 | -$236,966 |
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BRKB
BERKSHIRE HATHAWAY INC DEL | | CL B NEW | 24,620 | 24,041 | -579 | $11,797,777 | $12,029,743 | +$231,966 |
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PAGP
PLAINS GP HLDGS L P | United States | LTD PARTNR INT A | 20,861 | 11,464 | -9,397 | $506,505 | $278,231 | -$228,274 |
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MCD
MCDONALDS CORP | United States | COM | 4,718 | 4,612 | -106 | $1,466,310 | $1,246,574 | -$219,736 |
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PAA
PLAINS ALL AMERN PIPELINE L | United States | UNIT LTD PARTN | 33,214 | 23,629 | -9,585 | $741,669 | $525,982 | -$215,687 |
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ZETA
ZETA GLOBAL HOLDINGS CORP | United States | CL A | 58,282 | 37,260 | -21,022 | $927,849 | $733,277 | -$194,572 |
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DELL
DELL TECHNOLOGIES INC | United States | CL C | 1,862 | 1,148 | -714 | $305,614 | $495,169 | +$189,555 |
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GOOGL
ALPHABET INC | United States | CAP STK CL A | 38,920 | 31,844 | -7,076 | $11,191,905 | $11,380,266 | +$188,361 |
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NOC
NORTHROP GRUMMAN CORP | United States | COM | 812 | 721 | -91 | $553,979 | $367,213 | -$186,766 |
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MO
ALTRIA GROUP INC | United States | COM | 6,826 | 3,680 | -3,146 | $450,452 | $265,221 | -$185,231 |
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PFE
PFIZER INC | United States | COM | 29,591 | 27,645 | -1,946 | $830,904 | $665,697 | -$165,207 |
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LOW
LOWES COS INC | United States | COM | 4,067 | 3,613 | -454 | $960,912 | $796,538 | -$164,374 |
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OKE
ONEOK INC NEW | United States | COM | 10,599 | 9,170 | -1,429 | $958,044 | $797,240 | -$160,804 |
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MMM
3M CO | United States | COM | 3,029 | 1,732 | -1,297 | $439,848 | $280,371 | -$159,477 |
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USB
US BANCORP | United States | COM NEW | 18,695 | 18,658 | -37 | $981,930 | $1,136,563 | +$154,633 |
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PEP
PEPSICO INC | United States | COM | 6,790 | 6,714 | -76 | $1,054,391 | $909,098 | -$145,293 |
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SYK
STRYKER CORPORATION | United States | COM | 5,981 | 5,788 | -193 | $1,965,297 | $1,822,294 | -$143,003 |
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RF
REGIONS FINANCIAL CORP NEW | United States | COM | 13,290 | 6,817 | -6,473 | $350,657 | $209,395 | -$141,262 |
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NU
NU HLDGS LTD | | ORD SHS CL A | 82,499 | 78,938 | -3,561 | $1,185,511 | $1,054,612 | -$130,899 |
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BLK
BLACKROCK INC | United States | COM | 1,261 | 1,147 | -114 | $1,212,716 | $1,102,930 | -$109,786 |
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MRK
MERCK & CO INC | United States | COM | 22,613 | 21,998 | -615 | $2,732,525 | $2,838,594 | +$106,069 |
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WDAY
WORKDAY INC | United States | CL A | 9,793 | 9,541 | -252 | $1,272,307 | $1,168,009 | -$104,298 |
|---|
TMO
THERMO FISHER SCIENTIFIC INC | United States | COM | 1,953 | 1,711 | -242 | $960,847 | $858,643 | -$102,204 |
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ADBE
ADOBE INC | United States | COM | 2,307 | 2,263 | -44 | $560,786 | $463,960 | -$96,826 |
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MICC
MAGNUM ICE CREAM CO NV | Netherlands | ORD SHS | 34,769 | 34,692 | -77 | $509,935 | $604,238 | +$94,303 |
|---|
PM
PHILIP MORRIS INTL INC | United States | COM | 5,189 | 4,227 | -962 | $859,103 | $765,856 | -$93,247 |
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SNPS
SYNOPSYS INC | United States | COM | 2,130 | 2,100 | -30 | $844,502 | $936,747 | +$92,245 |
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UNH
UNITEDHEALTH GROUP INC | United States | COM | 4,309 | 3,017 | -1,292 | $1,165,898 | $1,253,846 | +$87,948 |
|---|
NKE
NIKE INC | United States | CL B | 6,487 | 6,310 | -177 | $344,092 | $260,345 | -$83,747 |
|---|
NEE
NEXTERA ENERGY INC | United States | COM | 12,979 | 12,917 | -62 | $1,205,490 | $1,133,754 | -$71,736 |
|---|
MA
MASTERCARD INCORPORATED | United States | CL A | 3,678 | 3,446 | -232 | $1,837,749 | $1,769,866 | -$67,883 |
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