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 | |
|---|---|---|---|---|---|---|---|
1051
InterDigital
IDCC
$8.63B
| $366K | ﹤0.01% |
+1,291
| New | +$384K |
2026 Q2
0 quarters
|
|
1052
Core & Main
CNM
$8.14B
| $363K | ﹤0.01% |
7,513
-6,198
| -45% | -$306K |
2023 Q1
13 quarters
|
|
1053
Gold Fields
GFI
$31.3B
| $362K | ﹤0.01% |
10,771
-954
| -8% | -$39.7K |
2025 Q3
3 quarters
|
|
1054
NewMarket
NEU
$7.39B
| $362K | ﹤0.01% |
457
-1,217
| -73% | -$877K |
2024 Q1
9 quarters
|
|
1055
Kratos Defense & Security Solutions
KTOS
$8.21B
| $361K | ﹤0.01% |
7,243
-609
| -8% | -$36.8K |
2023 Q1
13 quarters
|
|
1056
American Healthcare REIT
AHR
$11.5B
| $361K | ﹤0.01% |
6,924
-3,255
| -32% | -$160K |
2025 Q1
5 quarters
|
|
1057
Primoris Services
PRIM
$4.07B
| $359K | ﹤0.01% |
3,619
+258
| +8% | +$33.9K |
2025 Q2
4 quarters
|
|
1058
DELISTED
Janus Henderson
JHG
| $357K | ﹤0.01% |
6,870
+940
| +16% | +$48.6K |
2025 Q3
3 quarters
|
|
1059
Caledonia Mining Corp
CMCL
$414M
| $355K | ﹤0.01% |
18,561
+104
| +0.6% | +$2.36K |
2023 Q4
10 quarters
|
|
1060
Southern Copper
SCCO
$162B
| $353K | ﹤0.01% |
2,051
+32
| +2% | +$5.75K |
2025 Q4
2 quarters
|
|
1061
Stifel
SF
$10.3B
| $351K | ﹤0.01% |
5,037
-3,951
| -44% | -$295K |
2024 Q1
9 quarters
|
|
1062
CarGurus
CARG
$2.89B
| $351K | ﹤0.01% |
10,295
-1,512
| -13% | -$49K |
2024 Q4
6 quarters
|
|
1063
Wynn Resorts
WYNN
$7.64B
| $351K | ﹤0.01% |
3,613
+172
| +5% | +$17.7K |
2022 Q3
15 quarters
|
|
1064
Aramark
ARMK
$14.8B
| $349K | ﹤0.01% |
6,125
+391
| +7% | +$19.3K |
2026 Q1
1 quarter
|
|
1065
Planet Labs
PL
$5.21B
| $348K | ﹤0.01% |
10,491
+612
| +6% | +$22.6K |
2026 Q1
1 quarter
|
|
1066
PBF Energy
PBF
$8.95B
| $347K | ﹤0.01% |
7,628
-283
| -4% | -$11.8K |
2026 Q1
1 quarter
|
|
1067
Hecla Mining
HL
$9.7B
| $347K | ﹤0.01% |
22,479
-5,226
| -19% | -$91.8K |
2023 Q1
13 quarters
|
|
1068
Cimpress
CMPR
$1.47B
| $345K | ﹤0.01% |
3,396
+9
| +0.3% | +$800 |
2025 Q3
3 quarters
|
|
1069
Tejon Ranch
TRC
$453M
| $344K | ﹤0.01% |
+18,420
| New | +$356K |
2026 Q2
0 quarters
|
|
1070
Applied Optoelectronics
AAOI
$6.72B
| $342K | ﹤0.01% |
+2,311
| New | +$376K |
2026 Q2
0 quarters
|
|
1071
Vishay Intertechnology
VSH
$4.51B
| $342K | ﹤0.01% |
+6,352
| New | +$260K |
2026 Q2
0 quarters
|
|
1072
Louisiana-Pacific
LPX
$5.14B
| $341K | ﹤0.01% |
+4,331
| New | +$320K |
2026 Q2
0 quarters
|
|
1073
Murphy Oil
MUR
$6.14B
| $339K | ﹤0.01% |
10,424
+627
| +6% | +$24K |
2025 Q2
4 quarters
|
|
1074
Spire
SR
$5.13B
| $339K | ﹤0.01% |
4,343
-115
| -3% | -$9.9K |
2024 Q1
9 quarters
|
|
1075
ACM Research
ACMR
$3.43B
| $339K | ﹤0.01% |
+2,672
| New | +$189K |
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.