SCS Capital Management portfolio

What changed this quarter

303 positions with a change (38 new, 79 added to, 161 trimmed, 25 sold); also, 2 entered through an IPO, 2 entered through a spin-off. 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares Core U.s. Aggregate ETF+508%more sharesIncreased
  0.2% → 1.1%
• Microsoft+174%more sharesIncreased
  0.4% → 1.0%
• LPL Financial Holdings+1,308%more sharesIncreased
  under 0.1% → 0.6%
• iShares Msci USA Quality FAC ETF−31%fewer sharesReduced
  1.6% → 1.1%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Vanguard Intermediate-term T ETFVGIT11.1%
• Vanguard Index FundsVTI9.0%
• iShares Russell 3000 ETFIWV7.5%
• Vanguard Ftse Developed ETFVEA6.1%
• State Str Spdr S&P 500 ETF TSPY4.9%
• Schwab US Broad Market ETFSCHB3.3%
• Schwab International Equity ETFSCHF3.3%
• Vanguard S&P 500 ETFVOO2.8%
• STE Str SPDR PT S&P 500 ETFSPYM2.6%
• State Street SPDR P S&P 500 Growth ETFSPYG2.2%
• Vanguard High DVD Yield ETFVYM2.1%
• Vanguard International Equity Index FVT2.1%
• Vanguard Mrngstr Val ETF-aui ETFVTV2.0%
• Vanguard International Equity Index FVWO2.0%
• iShares Core Msci Eafe ETFIEFA1.6%
• Invesco Exchange Traded Fund TRSP1.3%
• iShares Msci USA Quality FAC ETFQUAL1.1%
• iShares Core U.s. Aggregate ETFAGG1.1%
• MicrosoftMSFT1.0%
• Vanguard Instl Index FundVBIL1.0%
• iShares 0-5 Year Tips Bond E ETFSTIP1.0%
• Vanguard Tax-exempt Bond ETFVTEB0.9%
• iShares Core S&P 500 ETFIVV0.8%
• Vanguard Russell 1000 Growth ETFVONG0.8%
• Vanguard Most Sm-cap ETF-usd ETFVB0.6%
• iShares S&P 500 Growth ETFIVW0.6%
• iShares Msci Eafe ETFEFA0.6%
• XPELXPEL0.6%
• Vanguard Long-term Treasury ETFVGLT0.6%
• LPL Financial HoldingsLPLA0.6%
• Vanguard Energy ETFVDE0.5%
• AppleAAPL0.5%
• New York TimesNYT0.5%
• Vanguard ESG US Stock ETFESGV0.5%
• IsharesIEMG0.5%
• Vanguard Real Estate ETFVNQ0.4%
• Vanguard Int Div APP Indx FundVIGI0.4%
• Vanguard Index FundsVV0.4%
• iShares Core S&P U.s. Growth ETFIUSG0.4%
• PTCPTC0.4%
• Energy TransferET0.4%
• iShares Core S&P Midcap ETFIJH0.3%
• JPMorgan ChaseJPM0.3%
• Vanguard ESG International Stock ETFVSGX0.3%
• iShares Russell 1000 Growth ETFIWF0.3%
• BroadcomAVGO0.3%
• Alnylam PharmaceuticalsALNY0.3%
• Invesco Optimum Yield Divers ETFPDBC0.3%
• State Str Spdr S&P Midcap 40MDY0.3%
• Invesco QQQ Trust Series 1 ETFQQQ0.3%
• State Street SPDR S&P Metals Mining ETFXME0.3%
• SPDR Gold Shares ETFGLD0.3%
• Morgan StanleyMS0.3%
• NVIDIANVDA0.3%
• Vanguard Info Tech ETFVGT0.3%
• Schwab Emrg Mrkts Eqty ETFSCHE0.3%
• Johnson & JohnsonJNJ0.3%
• VentasVTR0.3%
• iShares Msci International Q ETFIQLT0.2%
• Targa ResourcesTRGP0.2%
• Coca-ColaKO0.2%
• Amazon.comAMZN0.2%
• Taiwan Semiconductor ManufacturingTSM0.2%
• Vanguard Dividend Apprec ETFVIG0.2%
• Vanguard Total Bond Market ETFBND0.2%
• Agios PharmaceuticalsAGIO0.2%
• RTXRTX0.2%
• QualcommQCOM0.2%
• Enterprise Products PartnersEPD0.2%
• iShares Russell 1000 ETFIWB0.2%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.2%
• Vulcan MaterialsVMC0.2%
• PultegroupPHM0.2%
• Truist FinancialTFC0.2%
• WalmartWMT0.2%
• iShares Core S&P Small-cap E ETFIJR0.2%
• Hewlett Packard EnterpriseHPE0.2%
• AlphabetGOOG0.2%
• Highwoods PropertiesHIW0.2%
• STE Str SPDR PT DW EU ETFSPDW0.2%
• iShares Msci Emerging Market ETFEEM0.2%
• Coca-cola Europacific PartnersCCEP0.2%
• Evolv Technologies HoldingsEVLV0.2%
• Constellation BrandsSTZ0.2%
• Meta PlatformsMETA0.2%
• Palo Alto NetworksPANW0.2%
• Digital Realty TrustDLR0.2%
• Mitsubishi UFJ Financial GroupMUFG0.2%
• RIO TintoRIO0.2%
• AstrazenecaAZN0.1%
• Goldman Sachs GroupGS0.1%
• FedExFDX0.1%
• Vanguard International Equity Index FVEU0.1%
• ShellSHEL0.1%
• DICK'S Sporting GoodsDKS0.1%
• Cincinnati FinancialCINF0.1%
• Norfolk SouthernNSC0.1%
• Eli LillyLLY0.1%
• iShares US Treasury Bond ETFGOVT0.1%
• UnileverUL0.1%