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 | |
|---|---|---|---|---|---|---|---|
401
Carvana
CVNA
$74.3B
| $3.03M | 0.04% |
45,986
+871
| +2% | +$61.6K |
2024 Q1
9 quarters
|
|
402
Mitsubishi UFJ Financial
MUFG
$243B
| $3.01M | 0.04% |
151,087
+23,540
| +18% | +$443K |
2019 Q4
26 quarters
|
|
403
Unum
UNM
$14.4B
| $3M | 0.04% |
33,575
+8,562
| +34% | +$709K |
2021 Q3
19 quarters
|
|
404
Phillips 66
PSX
$109B
| $3M | 0.04% |
17,736
+541
| +3% | +$93.1K |
2022 Q3
15 quarters
|
|
405
Shinhan Financial Group
SHG
$30.5B
| $3M | 0.04% |
47,361
+10,611
| +29% | +$696K |
2020 Q2
24 quarters
|
|
406
Texas Pacific Land
TPL
$22.8B
| $2.97M | 0.04% |
6,797
+1,169
| +21% | +$474K |
2023 Q3
11 quarters
|
|
407
Diageo
DEO
$52.1B
| $2.96M | 0.04% |
36,865
+14,963
| +68% | +$1.21M |
2019 Q4
26 quarters
|
|
408
Alibaba
BABA
$246B
| $2.96M | 0.04% |
30,795
+1,407
| +5% | +$176K |
2024 Q1
9 quarters
|
|
409
Zoetis
ZTS
$33B
| $2.93M | 0.04% |
40,796
+2,045
| +5% | +$193K |
2020 Q3
23 quarters
|
|
410
GoDaddy
GDDY
$14B
| $2.92M | 0.04% |
34,364
+3,615
| +12% | +$305K |
2021 Q1
21 quarters
|
|
411
Veeva Systems
VEEV
$50.3B
| $2.91M | 0.04% |
16,414
+2,134
| +15% | +$352K |
2020 Q3
23 quarters
|
|
412
Albemarle
ALB
$10.8B
| $2.91M | 0.04% |
21,527
+754
| +4% | +$133K |
2023 Q3
11 quarters
|
|
413
Casey's General Stores
CASY
$25.1B
| $2.89M | 0.04% |
3,632
+645
| +22% | +$520K |
2023 Q1
13 quarters
|
|
414
Markel Group
MKL
$22.8B
| $2.86M | 0.04% |
1,464
-126
| -8% | -$235K |
2021 Q2
20 quarters
|
|
415
Dollar General
DG
$29.2B
| $2.83M | 0.04% |
24,589
+1,410
| +6% | +$160K |
2020 Q2
24 quarters
|
|
416
Donaldson
DCI
$9.8B
| $2.83M | 0.04% |
31,493
-3,302
| -9% | -$284K |
2022 Q1
17 quarters
|
|
417
Agilent Technologies
A
$49.4B
| $2.82M | 0.04% |
21,259
+4,912
| +30% | +$599K |
2019 Q4
26 quarters
|
|
418
Campbell Soup
CPB
$6.36B
| $2.82M | 0.04% |
126,557
+62,463
| +97% | +$1.32M |
2021 Q1
21 quarters
|
|
419
Rollins
ROL
$16.7B
| $2.81M | 0.04% |
67,421
-6,730
| -9% | -$344K |
2022 Q2
16 quarters
|
|
420
Toronto Dominion Bank
TD
$205B
| $2.81M | 0.04% |
23,125
+8,027
| +53% | +$878K |
2022 Q3
15 quarters
|
|
421
O'Reilly Automotive
ORLY
$71.7B
| $2.78M | 0.03% |
30,213
+515
| +2% | +$47K |
2022 Q2
16 quarters
|
|
422
Fortive
FTV
$19.6B
| $2.75M | 0.03% |
45,057
+11,511
| +34% | +$691K |
2021 Q3
19 quarters
|
|
423
Enbridge
ENB
$110B
| $2.75M | 0.03% |
50,700
+14,925
| +42% | +$819K |
2025 Q1
5 quarters
|
|
424
JB Hunt Transport Services
JBHT
$20.5B
| $2.74M | 0.03% |
9,462
+469
| +5% | +$120K |
2020 Q2
24 quarters
|
|
425
Freeport-McMoran
FCX
$90.6B
| $2.73M | 0.03% |
43,441
+2,526
| +6% | +$162K |
2023 Q2
12 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.