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 | |
|---|---|---|---|---|---|---|---|
526
Generac Holdings
GNRC
$11.7B
| $1.88M | 0.02% |
6,413
+1,766
| +38% | +$442K |
2021 Q1
21 quarters
|
|
527
SPX Corp
SPXC
$8.01B
| $1.88M | 0.02% |
7,657
+65
| +0.9% | +$14.2K |
2023 Q2
12 quarters
|
|
528
Performance Food Group
PFGC
$15.6B
| $1.88M | 0.02% |
16,787
+2,171
| +15% | +$207K |
2025 Q2
4 quarters
|
|
529
Credicorp
BAP
$27.7B
| $1.87M | 0.02% |
4,798
-291
| -6% | -$99.5K |
2022 Q2
16 quarters
|
|
530
Williams Companies
WMB
$90.9B
| $1.86M | 0.02% |
25,040
-15,529
| -38% | -$1.14M |
2021 Q2
20 quarters
|
|
531
Weatherford International
WFRD
$6.57B
| $1.84M | 0.02% |
22,618
+6,198
| +38% | +$629K |
2023 Q3
11 quarters
|
|
532
Hershey
HSY
$33.3B
| $1.84M | 0.02% |
10,486
+1,697
| +19% | +$320K |
2021 Q3
19 quarters
|
|
533
Fox Class B
FOX
$23.7B
| $1.83M | 0.02% |
+39,057
| New | +$2.17M |
2026 Q2
0 quarters
|
|
534
Baidu
BIDU
$26B
| $1.83M | 0.02% |
15,996
+1,643
| +11% | +$203K |
2023 Q3
11 quarters
|
|
535
Lincoln Electric
LECO
$15B
| $1.82M | 0.02% |
6,838
+467
| +7% | +$122K |
2022 Q1
17 quarters
|
|
536
Everpure Inc
P
$42.3B
| $1.81M | 0.02% |
22,979
-515
| -2% | -$37.7K |
2024 Q4
6 quarters
|
|
537
Delta Air Lines
DAL
$52.7B
| $1.8M | 0.02% |
19,238
+2,040
| +12% | +$154K |
2024 Q4
6 quarters
|
|
538
Archer Daniels Midland
ADM
$37.1B
| $1.8M | 0.02% |
23,563
-1,647
| -7% | -$125K |
2023 Q2
12 quarters
|
|
539
Onto Innovation
ONTO
$9.9B
| $1.8M | 0.02% |
4,755
-278
| -6% | -$78.7K |
2025 Q4
2 quarters
|
|
540
Copel
ELPC
$7.83B
| $1.8M | 0.02% |
154,281
+114,390
| +287% | +$1.4M |
2025 Q4
2 quarters
|
|
541
RenaissanceRe
RNR
$13.7B
| $1.8M | 0.02% |
5,667
+727
| +15% | +$219K |
2022 Q4
14 quarters
|
|
542
Pearson
PSO
$10.4B
| $1.79M | 0.02% |
112,721
-28,209
| -20% | -$417K |
2021 Q4
18 quarters
|
|
543
White Mountains Insurance
WTM
$5.42B
| $1.78M | 0.02% |
860
+60
| +8% | +$128K |
2022 Q3
15 quarters
|
|
544
Fidelity National Information Services
FIS
$19.9B
| $1.75M | 0.02% |
45,105
+16,277
| +56% | +$704K |
2019 Q4
26 quarters
|
|
545
Jones Lang LaSalle
JLL
$16.4B
| $1.74M | 0.02% |
5,624
-807
| -13% | -$251K |
2021 Q3
19 quarters
|
|
546
Bloom Energy
BE
$60B
| $1.74M | 0.02% |
5,740
+1,353
| +31% | +$347K |
2025 Q3
3 quarters
|
|
547
Canadian National Railway
CNI
$74.7B
| $1.74M | 0.02% |
14,569
+5,356
| +58% | +$610K |
2025 Q1
5 quarters
|
|
548
W.P. Carey
WPC
$14.8B
| $1.74M | 0.02% |
24,294
-12,386
| -34% | -$908K |
2021 Q3
19 quarters
|
|
549
ITT
ITT
$17.7B
| $1.74M | 0.02% |
8,776
+500
| +6% | +$101K |
2021 Q1
21 quarters
|
|
550
Block Inc
XYZ
$45.8B
| $1.71M | 0.02% |
22,482
-8,346
| -27% | -$587K |
2020 Q3
23 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.