SCS Capital Invests Heavily in Coca-Cola Consolidated Stock

SCS Capital Management LLC, an investment firm, has acquired a new position in Coca-Cola Consolidated, Inc. (NASDAQ:COKE) in the second quarter, according to a recent disclosure with the Securities and Exchange Commission.

The fund purchased 308,044 shares of COKE's stock, valued at approximately $25.21 million. This represents about 0.46% of Coca-Cola Consolidated's outstanding shares.

This is not an isolated instance; several other institutional investors also bought new positions in COKE during the same quarter. These include Quarry LP and Advisory Services Network LLC, which purchased shares worth $25,000 each.