Ethic Inc Portfolio holdings
Ethic is a technology-driven asset manager that builds personalized portfolios for financial advisers and institutions, including index-tracking portfolios shaped around each investor's taxes and values. It was founded in 2015, and its chief executive and co-founder is Doug Scott. Ethic's computer models weigh benchmark tracking, factor exposures, values screens and taxes together when building each portfolio. It also manages ETF and mutual fund model portfolios for other firms.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$229M |
| 2 |
NVIDIA
NVDA
|
+$39.1M |
| 3 |
Apple
AAPL
|
+$35.4M |
| 4 |
Microsoft
MSFT
|
+$31.4M |
| 5 |
Broadcom
AVGO
|
+$17.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$200M |
| 2 |
Vanguard Emerging Markets Ex-China ETF
VEXC
|
+$14.8M |
| 3 |
IES Holdings
IESC
|
+$13.7M |
| 4 |
TCW Transform 500 ETF
VOTE
|
+$13M |
| 5 |
iShares ESG Aware MSCI EAFE ETF
ESGD
|
+$6.21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.77% |
| 2 | Financials | 13.69% |
| 3 | Communication Services | 9.75% |
| 4 | Industrials | 9.38% |
| 5 | Healthcare | 8.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
251
Live Nation Entertainment
LYV
$41.4B
| $6.25M | 0.08% |
34,107
+2,571
| +8% | +$423K |
2021 Q4
18 quarters
|
|
252
Iron Mountain
IRM
$35.2B
| $6.21M | 0.08% |
49,180
+3,254
| +7% | +$399K |
2021 Q1
21 quarters
|
|
253
Autodesk
ADSK
$50.5B
| $6.19M | 0.08% |
31,833
+85
| +0.3% | +$19.4K |
2019 Q4
26 quarters
|
|
254
Ross Stores
ROST
$74.2B
| $6.17M | 0.08% |
28,996
+1,568
| +6% | +$353K |
2022 Q2
16 quarters
|
|
255
NiSource
NI
$21.5B
| $6.16M | 0.08% |
129,640
+116,712
| +903% | +$5.52M |
2024 Q4
6 quarters
|
|
256
J.M. Smucker
SJM
$13.5B
| $6.13M | 0.08% |
54,500
+2,359
| +5% | +$240K |
2019 Q4
26 quarters
|
|
257
Curtiss-Wright
CW
$18.3B
| $6.09M | 0.08% |
8,035
+1,117
| +16% | +$819K |
2021 Q4
18 quarters
|
|
258
Marriott International
MAR
$104B
| $6.08M | 0.08% |
16,420
+2,535
| +18% | +$935K |
2020 Q2
24 quarters
|
|
259
Unilever
UL
$138B
| $6.07M | 0.08% |
100,961
+2,066
| +2% | +$119K |
2020 Q3
23 quarters
|
|
260
Expeditors International
EXPD
$25.8B
| $6.05M | 0.08% |
37,136
+4,279
| +13% | +$662K |
2019 Q4
26 quarters
|
|
261
TE Connectivity
TEL
$64B
| $6.05M | 0.08% |
29,994
+393
| +1% | +$83.7K |
2020 Q3
23 quarters
|
|
262
Expedia Group
EXPE
$33.9B
| $5.97M | 0.07% |
23,319
-487
| -2% | -$116K |
2020 Q4
22 quarters
|
|
263
Flex
FLEX
$34.4B
| $5.93M | 0.07% |
+36,604
| New | +$4.44M |
2026 Q2
0 quarters
|
|
264
Takeda Pharmaceutical
TAK
$63.9B
| $5.85M | 0.07% |
365,253
+30,417
| +9% | +$503K |
2019 Q4
26 quarters
|
|
265
SLB Ltd
SLB
$79.4B
| $5.83M | 0.07% |
125,445
+10,854
| +9% | +$582K |
2019 Q4
26 quarters
|
|
266
First Solar
FSLR
$19B
| $5.82M | 0.07% |
24,677
+3,200
| +15% | +$750K |
2021 Q3
19 quarters
|
|
267
Snap-on
SNA
$18.5B
| $5.82M | 0.07% |
14,456
+1,495
| +12% | +$565K |
2020 Q3
23 quarters
|
|
268
Robinhood
HOOD
$82.5B
| $5.81M | 0.07% |
57,952
-169
| -0.3% | -$14.1K |
2022 Q3
15 quarters
|
|
269
Snowflake
SNOW
$117B
| $5.77M | 0.07% |
22,664
-922
| -4% | -$170K |
2021 Q3
19 quarters
|
|
270
Hubbell
HUBB
$23.2B
| $5.75M | 0.07% |
10,984
-2,027
| -16% | -$1.02M |
2021 Q2
20 quarters
|
|
271
Microchip Technology
MCHP
$44B
| $5.74M | 0.07% |
+62,938
| New | +$5.61M |
2026 Q2
0 quarters
|
|
272
HDFC Bank
HDB
$112B
| $5.7M | 0.07% |
220,489
+58,086
| +36% | +$1.46M |
2023 Q2
12 quarters
|
|
273
Roper Technologies
ROP
$44.5B
| $5.67M | 0.07% |
16,769
+2,385
| +17% | +$813K |
2022 Q2
16 quarters
|
|
274
Centene
CNC
$34B
| $5.65M | 0.07% |
88,063
+491
| +0.6% | +$26.2K |
2021 Q1
21 quarters
|
|
275
Constellation Brands
STZ
$22.1B
| $5.61M | 0.07% |
40,315
+6,699
| +20% | +$996K |
2021 Q4
18 quarters
|
|
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Ethic Inc's Q2 2026 Portfolio in Review
As of Q2 2026, Ethic Inc held 1,454 positions worth $8.02B, up 26% from $6.39B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Ethic Inc deployed $552M of net new capital in Q2 2026, opening 219 new positions and adding to 729 existing holdings. Its largest new stake was Alphabet (Google) Class A: 636,505 shares worth $227M.
By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 33% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $200M trimmed.
- Ethic Inc's largest Q2 2026 buy was Alphabet (Google) Class A: 636,505 shares worth $227M.
- Ethic Inc added most to NVIDIA in Q2 2026, an estimated $39.1M increase.
- Ethic Inc's biggest Q2 2026 reduction was Alphabet (Google) Class C, cutting an estimated $200M.
- Ethic Inc fully exited Vanguard Emerging Markets Ex-China ETF in Q2 2026, selling an estimated $14.8M.
- Ethic Inc's ten largest holdings make up 31% of its $8.02B portfolio in Q2 2026.
- Ethic Inc opened 219 new positions and closed 96 in Q2 2026.
- Ethic Inc's portfolio value rose 26% quarter-over-quarter to $8.02B.
Based on Ethic Inc's 13F filing for Q2 2026, filed 29 Jul 2026.