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 | |
|---|---|---|---|---|---|---|---|
276
Constellation Energy
CEG
$93.7B
| $5.6M | 0.07% |
22,555
+347
| +2% | +$97.7K |
2022 Q2
16 quarters
|
|
277
STMicroelectronics
STM
$44.7B
| $5.57M | 0.07% |
74,316
+9,733
| +15% | +$585K |
2021 Q1
21 quarters
|
|
278
Edwards Lifesciences
EW
$54.4B
| $5.56M | 0.07% |
61,470
+2,881
| +5% | +$241K |
2023 Q2
12 quarters
|
|
279
ING
ING
$91.6B
| $5.55M | 0.07% |
176,889
-4,944
| -3% | -$146K |
2020 Q2
24 quarters
|
|
280
Idexx Laboratories
IDXX
$45.4B
| $5.55M | 0.07% |
10,542
-400
| -4% | -$224K |
2020 Q3
23 quarters
|
|
281
Norfolk Southern
NSC
$76.9B
| $5.51M | 0.07% |
+17,529
| New | +$5.4M |
2026 Q2
0 quarters
|
|
282
Nucor
NUE
$62.5B
| $5.5M | 0.07% |
24,710
+1,529
| +7% | +$346K |
2022 Q1
17 quarters
|
|
283
Sanofi
SNY
$103B
| $5.49M | 0.07% |
128,789
+34,922
| +37% | +$1.56M |
2019 Q4
26 quarters
|
|
284
SK Telecom
SKM
$11.9B
| $5.49M | 0.07% |
170,811
+14,298
| +9% | +$529K |
2020 Q3
23 quarters
|
|
285
Tenaris
TS
$31B
| $5.49M | 0.07% |
98,988
-26,584
| -21% | -$1.61M |
2020 Q2
24 quarters
|
|
286
Garmin
GRMN
$53.9B
| $5.41M | 0.07% |
22,774
-55
| -0.2% | -$13.4K |
2023 Q4
10 quarters
|
|
287
Toyota
TM
$232B
| $5.37M | 0.07% |
31,866
+1,943
| +6% | +$368K |
2019 Q4
26 quarters
|
|
288
Citizens Financial Group
CFG
$27.7B
| $5.32M | 0.07% |
75,956
+3,414
| +5% | +$220K |
2020 Q2
24 quarters
|
|
289
Nike
NKE
$57.1B
| $5.31M | 0.07% |
129,290
+11,115
| +9% | +$489K |
2019 Q4
26 quarters
|
|
290
ON Semiconductor
ON
$29.3B
| $5.3M | 0.07% |
56,019
+5,196
| +10% | +$533K |
2021 Q4
18 quarters
|
|
291
AerCap
AER
$24.3B
| $5.29M | 0.07% |
36,274
+5,239
| +17% | +$744K |
2022 Q4
14 quarters
|
|
292
Barclays
BCS
$76.9B
| $5.29M | 0.07% |
196,777
+12,565
| +7% | +$303K |
2024 Q2
8 quarters
|
|
293
McKesson
MCK
$114B
| $5.28M | 0.07% |
6,982
+370
| +6% | +$293K |
2022 Q2
16 quarters
|
|
294
L3Harris
LHX
$51.8B
| $5.25M | 0.07% |
18,081
+963
| +6% | +$306K |
2022 Q1
17 quarters
|
|
295
Kenvue
KVUE
$37.6B
| $5.25M | 0.07% |
274,684
+22,714
| +9% | +$400K |
2023 Q4
10 quarters
|
|
296
Principal Financial Group
PFG
$24.2B
| $5.24M | 0.07% |
48,661
+8,578
| +21% | +$871K |
2020 Q4
22 quarters
|
|
297
C.H. Robinson
CHRW
$14.7B
| $5.24M | 0.07% |
27,846
+924
| +3% | +$164K |
2020 Q3
23 quarters
|
|
298
Apollo Global Management
APO
$70B
| $5.24M | 0.07% |
44,292
+1,507
| +4% | +$190K |
2022 Q3
15 quarters
|
|
299
Banco Santander
SAN
$170B
| $5.23M | 0.07% |
379,124
+15,964
| +4% | +$198K |
2020 Q1
25 quarters
|
|
300
Air Products & Chemicals
APD
$69.4B
| $5.22M | 0.07% |
17,814
+1,942
| +12% | +$565K |
2021 Q3
19 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.