How SCS Capital Management Shifted Their Holdings: A Q3 vs. Q4 2022 Comparison

As an investor, keeping a close eye on the quarterly changes of funds that you have invested in is crucial. By doing so, you can gain a better understanding of their strategies and decide whether to increase or decrease your position in them. In this blog post, we will analyze SCS Capital Management LLC's Q3 vs. Q4 2022 13F holdings comparison and try to decipher their decision-making process.

Main Body:

The first thing to note when looking at the comparison is that SCS Capital Management LLC decreased the number of shares they held in 14 of the 48 issuers listed. The biggest percentage decrease comes from GOVT, an iShares Treasury Bond ETF that fell by 37.6%. It's worth noting that the fund had $183,130,029 worth of shares in Q3, but in Q4, they had $114,427,36 worth of shares. This decrease could reflect the company's stance on the bond market, but further research should be conducted to confirm this.

There were also a few significant percentage increases in holdings. The highest was EFV, an iShares MSCI EAFE Value ETF that increased by 50.8% from Q3 to Q4. The ETF had $23,110 worth of shares in Q3, and in Q4, it increased to $34,851. SCS Capital Management LLC's decision here might indicate they're bullish about investing in foreign value stocks.

VEA, a tax-managed international Vanguard ETF, increased by 17.1%, and VTI, a Vanguard Index fund, increased by 8.6%. These increases show that SCS Capital Management LLC has added to their exposure to international markets and U.S. large-cap stocks. It's essential to keep in mind that these changes in holdings may only be part of their overall portfolio strategy, and there may be other factors involved in their decision-making process.

Apart from these significant changes, there were also several small percentage increases and decreases in holdings. For example, the Vanguard S&P 500 ETF (VOO) reduced by 3.1% from Q3 to Q4, and the iShares Russell 2000 ETF (IWM) increased by 53.5%.

It's also worth noting that there were three issuers with no holdings in Q3 that had positions in Q4. They are UA, Under Armour Inc, DBC, Invesco DB Commodity Index Tracking Fund, and XME, SPDR S&P Metals & Mining ETF. UA was the most significant new addition to the portfolio, with $297 worth of shares in Q4. This addition may indicate the company's willingness to invest in consumer discretionary stocks.

Conclusion:

In conclusion, SCS Capital Management LLC's Q3 vs. Q4 2022 13F holding comparison provides insight into the fund's investments. The decrease in GOVT holdings and the increase in EFV holdings are worth noting, and further research must be conducted to confirm these decisions. The small changes in holdings could be part of their overall long-term investment plan. As an investor, taking the time to analyze these quarterly reports can provide valuable insights into a fund's decision-making process and help you make informed investment decisions.