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 | |
|---|---|---|---|---|---|---|---|
626
PTC
PTC
$21.2B
| $1.4M | 0.02% |
12,316
-4,695
| -28% | -$634K |
2021 Q2
20 quarters
|
|
627
BHP
BHP
$201B
| $1.4M | 0.02% |
16,789
+2,919
| +21% | +$242K |
2023 Q2
12 quarters
|
|
628
Pricesmart
PSMT
$5.12B
| $1.4M | 0.02% |
7,154
+3,121
| +77% | +$520K |
2025 Q3
3 quarters
|
|
629
FMC
FMC
$964M
| $1.39M | 0.02% |
121,158
+73,135
| +152% | +$1.02M |
2022 Q1
17 quarters
|
|
630
3M
MMM
$89.9B
| $1.39M | 0.02% |
8,568
-1,201
| -12% | -$182K |
2019 Q4
26 quarters
|
|
631
Lennar Class B
LEN.B
$20.4B
| $1.38M | 0.02% |
+15,596
| New | +$1.36M |
2026 Q2
0 quarters
|
|
632
Qnity Electronics Inc
Q
$24.4B
| $1.38M | 0.02% |
8,448
+185
| +2% | +$27.2K |
2025 Q4
2 quarters
|
|
633
Alcon
ALC
$34.5B
| $1.37M | 0.02% |
20,433
+12,163
| +147% | +$852K |
2025 Q4
2 quarters
|
|
634
Everest Group
EG
$15.4B
| $1.36M | 0.02% |
3,817
-1,961
| -34% | -$671K |
2022 Q1
17 quarters
|
|
635
Littelfuse
LFUS
$10B
| $1.36M | 0.02% |
2,989
+1,029
| +53% | +$446K |
2025 Q3
3 quarters
|
|
636
Brown-Forman Class A
BF.A
$13.5B
| $1.35M | 0.02% |
49,237
-37,400
| -43% | -$1.03M |
2021 Q2
20 quarters
|
|
637
CF Industries
CF
$18.7B
| $1.34M | 0.02% |
12,422
+3,440
| +38% | +$405K |
2023 Q1
13 quarters
|
|
638
Deutsche Bank
DB
$62.4B
| $1.33M | 0.02% |
39,537
+20,421
| +107% | +$662K |
2025 Q3
3 quarters
|
|
639
Gentex
GNTX
$4.19B
| $1.33M | 0.02% |
52,464
+11,435
| +28% | +$270K |
2025 Q3
3 quarters
|
|
640
Zscaler
ZS
$38.8B
| $1.32M | 0.02% |
9,340
+2,722
| +41% | +$380K |
2023 Q4
10 quarters
|
|
641
Zimmer Biomet
ZBH
$18B
| $1.31M | 0.02% |
15,256
+112
| +0.7% | +$9.8K |
2020 Q2
24 quarters
|
|
642
Element Solutions
ESI
$8.35B
| $1.31M | 0.02% |
27,488
+5,826
| +27% | +$242K |
2021 Q4
18 quarters
|
|
643
MGM Resorts International
MGM
$7.58B
| $1.31M | 0.02% |
27,407
-857
| -3% | -$35.6K |
2020 Q3
23 quarters
|
|
644
Ovintiv
OVV
$20.1B
| $1.31M | 0.02% |
24,885
+5,196
| +26% | +$297K |
2022 Q3
15 quarters
|
|
645
Ormat Technologies
ORA
$5.52B
| $1.31M | 0.02% |
12,021
+1,695
| +16% | +$210K |
2022 Q4
14 quarters
|
|
646
Canadian Pacific Kansas City
CP
$78B
| $1.3M | 0.02% |
15,013
+5,139
| +52% | +$440K |
2025 Q3
3 quarters
|
|
647
Clean Harbors
CLH
$15.9B
| $1.3M | 0.02% |
4,343
+1,002
| +30% | +$296K |
2024 Q1
9 quarters
|
|
648
Southwest Airlines
LUV
$20.8B
| $1.29M | 0.02% |
25,109
+1,450
| +6% | +$60.9K |
2023 Q2
12 quarters
|
|
649
DELISTED
Taylor Morrison
TMHC
| $1.29M | 0.02% |
17,986
+1,314
| +8% | +$83.5K |
2023 Q2
12 quarters
|
|
650
SBA Communications
SBAC
$19.9B
| $1.28M | 0.02% |
7,250
-252
| -3% | -$52K |
2021 Q1
21 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.