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 | |
|---|---|---|---|---|---|---|---|
301
Nebius Group N.V.
NBIS
$41.3B
| $5.21M | 0.07% |
18,879
-66
| -0.3% | -$13.1K |
2024 Q4
6 quarters
|
|
302
Royal Caribbean
RCL
$82.1B
| $5.18M | 0.06% |
16,314
+1,367
| +9% | +$382K |
2023 Q1
13 quarters
|
|
303
Royal Bank of Canada
RY
$280B
| $5.17M | 0.06% |
24,969
+12,035
| +93% | +$2.23M |
2024 Q4
6 quarters
|
|
304
International Flavors & Fragrances
IFF
$23.4B
| $5.09M | 0.06% |
64,275
+14,723
| +30% | +$1.1M |
2020 Q4
22 quarters
|
|
305
PPG Industries
PPG
$26.4B
| $5.08M | 0.06% |
41,906
+3,349
| +9% | +$373K |
2019 Q4
26 quarters
|
|
306
Nokia
NOK
$47.4B
| $5.08M | 0.06% |
382,457
+40,381
| +12% | +$520K |
2020 Q1
25 quarters
|
|
307
Comfort Systems
FIX
$43.2B
| $5.07M | 0.06% |
2,559
-28
| -1% | -$50.8K |
2024 Q4
6 quarters
|
|
308
Ameren
AEE
$30.7B
| $5.02M | 0.06% |
44,383
+32,528
| +274% | +$3.59M |
2024 Q4
6 quarters
|
|
309
RB Global
RBA
$16.7B
| $4.98M | 0.06% |
42,771
+36,984
| +639% | +$3.89M |
2025 Q3
3 quarters
|
|
310
Steel Dynamics
STLD
$35.4B
| $4.95M | 0.06% |
21,594
+1,786
| +9% | +$418K |
2021 Q3
19 quarters
|
|
311
Pultegroup
PHM
$23.7B
| $4.83M | 0.06% |
35,204
-1,873
| -5% | -$227K |
2021 Q1
21 quarters
|
|
312
Bank of Montreal
BMO
$119B
| $4.82M | 0.06% |
+27,281
| New | +$4.29M |
2026 Q2
0 quarters
|
|
313
Evergy
EVRG
$19.9B
| $4.78M | 0.06% |
55,341
+37,620
| +212% | +$3.11M |
2024 Q1
9 quarters
|
|
314
nVent Electric
NVT
$20.2B
| $4.77M | 0.06% |
28,112
-3,516
| -11% | -$548K |
2021 Q2
20 quarters
|
|
315
Mizuho Financial
MFG
$116B
| $4.72M | 0.06% |
492,394
+67,106
| +16% | +$603K |
2019 Q4
26 quarters
|
|
316
Target
TGT
$69.4B
| $4.69M | 0.06% |
35,944
-2,489
| -6% | -$316K |
2023 Q2
12 quarters
|
|
317
Ferguson
FERG
$46.2B
| $4.69M | 0.06% |
19,776
-1,780
| -8% | -$429K |
2022 Q4
14 quarters
|
|
318
CVS Health
CVS
$116B
| $4.69M | 0.06% |
45,334
+3,266
| +8% | +$292K |
2019 Q4
26 quarters
|
|
319
Chipotle Mexican Grill
CMG
$40.6B
| $4.69M | 0.06% |
137,878
+4,020
| +3% | +$131K |
2020 Q2
24 quarters
|
|
320
Ingersoll Rand
IR
$31B
| $4.58M | 0.06% |
55,853
-9,486
| -15% | -$734K |
2021 Q1
21 quarters
|
|
321
Valero Energy
VLO
$110B
| $4.48M | 0.06% |
17,191
+583
| +4% | +$144K |
2021 Q4
18 quarters
|
|
322
Public Storage
PSA
$60.8B
| $4.46M | 0.06% |
14,016
+605
| +5% | +$185K |
2020 Q3
23 quarters
|
|
323
Emcor
EME
$29.5B
| $4.45M | 0.06% |
5,368
-391
| -7% | -$331K |
2022 Q3
15 quarters
|
|
324
Starbucks
SBUX
$119B
| $4.45M | 0.06% |
43,563
+1,671
| +4% | +$168K |
2019 Q4
26 quarters
|
|
325
Verisk Analytics
VRSK
$25.7B
| $4.42M | 0.06% |
24,629
+4,007
| +19% | +$706K |
2019 Q4
26 quarters
|
|
Similar funds
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.