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 | |
|---|---|---|---|---|---|---|---|
876
Toll Brothers
TOL
$13.4B
| $619K | 0.01% |
3,755
+1,167
| +45% | +$166K |
2025 Q4
2 quarters
|
|
877
StoneX
SNEX
$6.37B
| $618K | 0.01% |
7,823
-357
| -4% | -$26.8K |
2025 Q1
5 quarters
|
|
878
Hanover Insurance
THG
$8.32B
| $613K | 0.01% |
2,861
+510
| +22% | +$96.6K |
2024 Q4
6 quarters
|
|
879
ZTO Express
ZTO
$15B
| $610K | 0.01% |
27,256
+10,133
| +59% | +$241K |
2025 Q3
3 quarters
|
|
880
Hyatt Hotels
H
$16.9B
| $609K | 0.01% |
3,142
+340
| +12% | +$59.6K |
2021 Q2
20 quarters
|
|
881
Waste Connections
WCN
$46.1B
| $608K | 0.01% |
3,646
-439
| -11% | -$69.5K |
2023 Q2
12 quarters
|
|
882
Dolby
DLB
$5.81B
| $607K | 0.01% |
11,539
+7,518
| +187% | +$431K |
2025 Q1
5 quarters
|
|
883
Coca-Cola Femsa
KOF
$24.3B
| $605K | 0.01% |
5,691
+287
| +5% | +$30.1K |
2021 Q4
18 quarters
|
|
884
Liberty Media Corporation Series A Common Stock
FWONA
$21.5B
| $604K | 0.01% |
+6,903
| New | +$568K |
2026 Q2
0 quarters
|
|
885
Samsara
IOT
$24.6B
| $603K | 0.01% |
+18,609
| New | +$576K |
2026 Q2
0 quarters
|
|
886
Terex
TEX
$6.31B
| $598K | 0.01% |
8,265
-677
| -8% | -$42.3K |
2023 Q2
12 quarters
|
|
887
Chesapeake Utilities
CPK
$3.44B
| $592K | 0.01% |
4,837
-108
| -2% | -$13.5K |
2022 Q1
17 quarters
|
|
888
Dow Inc
DOW
$25.1B
| $592K | 0.01% |
21,649
+1,123
| +5% | +$40.8K |
2024 Q4
6 quarters
|
|
889
Affirm
AFRM
$24.8B
| $592K | 0.01% |
7,262
+2,631
| +57% | +$172K |
2025 Q2
4 quarters
|
|
890
GATX Corp
GATX
$6.32B
| $592K | 0.01% |
3,340
+512
| +18% | +$93.2K |
2024 Q4
6 quarters
|
|
891
10x Genomics
TXG
$9.13B
| $586K | 0.01% |
15,295
+469
| +3% | +$12.3K |
2025 Q2
4 quarters
|
|
892
DELISTED
TopBuild
BLD
| $580K | 0.01% |
1,636
-105
| -6% | -$43.3K |
2023 Q1
13 quarters
|
|
893
Talos Energy
TALO
$3.04B
| $576K | 0.01% |
44,581
-18,873
| -30% | -$281K |
2025 Q3
3 quarters
|
|
894
Brookfield Asset Management
BAM
$77.1B
| $573K | 0.01% |
+12,784
| New | +$604K |
2026 Q2
0 quarters
|
|
895
GXO Logistics
GXO
$5.77B
| $573K | 0.01% |
11,302
-5,697
| -34% | -$295K |
2022 Q4
14 quarters
|
|
896
Banc of California
BANC
$2.89B
| $571K | 0.01% |
27,953
+358
| +1% | +$6.82K |
2023 Q4
10 quarters
|
|
897
British American Tobacco
BTI
$132B
| $569K | 0.01% |
9,213
-433
| -4% | -$26.1K |
2025 Q2
4 quarters
|
|
898
Cullen/Frost Bankers
CFR
$9.8B
| $569K | 0.01% |
3,681
+129
| +4% | +$18.3K |
2022 Q1
17 quarters
|
|
899
Silicon Laboratories
SLAB
$7.42B
| $566K | 0.01% |
2,590
-358
| -12% | -$77.4K |
2026 Q1
1 quarter
|
|
900
Atlanta Braves Holdings Series A
BATRA
$3.51B
| $565K | 0.01% |
+10,039
| New | +$535K |
2026 Q2
0 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.