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 | |
|---|---|---|---|---|---|---|---|
801
iShares MSCI USA Momentum Factor ETF
MTUM
$17.8B
| $776K | 0.01% |
2,263
-383
| -14% | -$114K |
2026 Q1
1 quarter
|
|
802
H2O America
HTO
$2.89B
| $774K | 0.01% |
12,742
-14,291
| -53% | -$829K |
2022 Q4
14 quarters
|
|
803
Smithfield Foods
SFD
$7.22B
| $774K | 0.01% |
31,900
-8,100
| -20% | -$216K |
2025 Q2
4 quarters
|
|
804
DigitalOcean
DOCN
$10.5B
| $773K | 0.01% |
4,922
-101
| -2% | -$13.7K |
2025 Q4
2 quarters
|
|
805
FedEx Freight
FDXF
$18.8B
| $771K | 0.01% |
+5,108
| New | +$837K |
2026 Q2
0 quarters
|
|
806
Manulife Financial
MFC
$73.8B
| $769K | 0.01% |
18,990
+9,765
| +106% | +$378K |
2025 Q3
3 quarters
|
|
807
Modine Manufacturing
MOD
$6.9B
| $766K | 0.01% |
2,868
-274
| -9% | -$72.2K |
2024 Q1
9 quarters
|
|
808
Regal Rexnord
RRX
$10.5B
| $763K | 0.01% |
3,202
+672
| +27% | +$140K |
2026 Q1
1 quarter
|
|
809
Smith & Nephew
SNN
$12.4B
| $761K | 0.01% |
26,406
-4,290
| -14% | -$133K |
2022 Q3
15 quarters
|
|
810
PG&E
PCG
$39.6B
| $757K | 0.01% |
45,021
+2,055
| +5% | +$34.6K |
2022 Q4
14 quarters
|
|
811
Dick's Sporting Goods
DKS
$14.2B
| $749K | 0.01% |
3,304
+821
| +33% | +$181K |
2024 Q1
9 quarters
|
|
812
EastGroup Properties
EGP
$10.7B
| $746K | 0.01% |
3,684
+42
| +1% | +$8.41K |
2022 Q3
15 quarters
|
|
813
TC Energy
TRP
$67.2B
| $742K | 0.01% |
11,186
+5,626
| +101% | +$372K |
2025 Q4
2 quarters
|
|
814
Constellium
CSTM
$3.11B
| $738K | 0.01% |
23,161
-2,124
| -8% | -$68.6K |
2023 Q3
11 quarters
|
|
815
Bilibili
BILI
$5.24B
| $737K | 0.01% |
43,303
-2,186
| -5% | -$44.3K |
2023 Q4
10 quarters
|
|
816
Solventum
SOLV
$13.8B
| $733K | 0.01% |
9,498
+923
| +11% | +$67.3K |
2024 Q4
6 quarters
|
|
817
Aecom
ACM
$8.15B
| $732K | 0.01% |
10,482
-6,475
| -38% | -$496K |
2021 Q4
18 quarters
|
|
818
State Street Bridgewater All Weather ETF
ALLW
$1.8B
| $728K | 0.01% |
+24,888
| New | +$739K |
2026 Q2
0 quarters
|
|
819
Ralliant Corp
RAL
$7.44B
| $722K | 0.01% |
9,809
-2,872
| -23% | -$160K |
2025 Q4
2 quarters
|
|
820
Fresenius Medical Care
FMS
$12B
| $722K | 0.01% |
31,911
-2,820
| -8% | -$63.3K |
2022 Q1
17 quarters
|
|
821
Ingles Markets
IMKTA
$1.6B
| $714K | 0.01% |
8,058
+3,909
| +94% | +$349K |
2025 Q2
4 quarters
|
|
822
Charles River Laboratories
CRL
$17.2B
| $706K | 0.01% |
3,113
-1,491
| -32% | -$266K |
2025 Q1
5 quarters
|
|
823
Commerce Bancshares
CBSH
$7.82B
| $701K | 0.01% |
12,142
+854
| +8% | +$44.8K |
2023 Q2
12 quarters
|
|
824
Valvoline
VVV
$4.12B
| $697K | 0.01% |
17,625
+5,451
| +45% | +$190K |
2024 Q1
9 quarters
|
|
825
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$5.88B
| $697K | 0.01% |
+23,338
| New | +$772K |
2026 Q2
0 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.