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 | |
|---|---|---|---|---|---|---|---|
1226
BNY Mellon International Equity ETF
BKIE
$1.33B
| $235K | ﹤0.01% |
7,005
| – | – |
2025 Q1
5 quarters
|
|
1227
Bio-Techne
TECH
$11.4B
| $235K | ﹤0.01% |
3,322
-1,842
| -36% | -$99.5K |
2025 Q3
3 quarters
|
|
1228
Viking Holdings
VIK
$39.5B
| $235K | ﹤0.01% |
+2,242
| New | +$194K |
2026 Q2
0 quarters
|
|
1229
Sonoco
SON
$4.94B
| $235K | ﹤0.01% |
4,162
+110
| +3% | +$5.64K |
2026 Q1
1 quarter
|
|
1230
United Natural Foods
UNFI
$2.84B
| $234K | ﹤0.01% |
+5,131
| New | +$254K |
2026 Q2
0 quarters
|
|
1231
Worthington Steel
WS
$2.22B
| $233K | ﹤0.01% |
+6,937
| New | +$266K |
2026 Q2
0 quarters
|
|
1232
Ryanair
RYAAY
$27.4B
| $233K | ﹤0.01% |
3,597
-1,043
| -22% | -$61.5K |
2026 Q1
1 quarter
|
|
1233
Employers Holdings
EIG
$929M
| $232K | ﹤0.01% |
+4,600
| New | +$202K |
2026 Q2
0 quarters
|
|
1234
Vanguard Intermediate-Term Treasury ETF
VGIT
$40.3B
| $231K | ﹤0.01% |
+3,914
| New | +$231K |
2026 Q2
0 quarters
|
|
1235
Perpetua Resources
PPTA
$2.3B
| $230K | ﹤0.01% |
11,070
-126
| -1% | -$3.42K |
2025 Q1
5 quarters
|
|
1236
SLM Corp
SLM
$3.44B
| $229K | ﹤0.01% |
+8,846
| New | +$199K |
2026 Q2
0 quarters
|
|
1237
Middlesex Water
MSEX
$1.04B
| $229K | ﹤0.01% |
4,082
-185
| -4% | -$9.7K |
2021 Q3
19 quarters
|
|
1238
Lithia Motors
LAD
$6.45B
| $227K | ﹤0.01% |
+782
| New | +$222K |
2026 Q2
0 quarters
|
|
1239
Goldman Sachs JUST US Large Cap Equity ETF
JUST
$572M
| $226K | ﹤0.01% |
+2,119
| New | +$219K |
2026 Q2
0 quarters
|
|
1240
Bentley Systems
BSY
$11.8B
| $226K | ﹤0.01% |
7,561
-2,077
| -22% | -$67.5K |
2025 Q2
4 quarters
|
|
1241
Kodiak Gas Services
KGS
$4.91B
| $226K | ﹤0.01% |
+3,003
| New | +$204K |
2026 Q2
0 quarters
|
|
1242
Carter Bankshares
CARE
$688M
| $225K | ﹤0.01% |
+6,627
| New | +$179K |
2026 Q2
0 quarters
|
|
1243
Vanguard Morningstar Mega Cap Value ETF
MGV
$14.2B
| $225K | ﹤0.01% |
+1,376
| New | +$213K |
2026 Q2
0 quarters
|
|
1244
Skydance Corporation
SKYD
$39.7B
| $224K | ﹤0.01% |
22,676
+4,465
| +25% | +$47K |
2025 Q3
3 quarters
|
|
1245
COPT Defense Properties
CDP
$3.84B
| $222K | ﹤0.01% |
6,113
-1,132
| -16% | -$36.8K |
2026 Q1
1 quarter
|
|
1246
Schwab Emerging Markets Equity ETF
SCHE
$12.3B
| $220K | ﹤0.01% |
+6,069
| New | +$217K |
2026 Q2
0 quarters
|
|
1247
JBG SMITH
JBGS
$689M
| $220K | ﹤0.01% |
14,984
-1,000
| -6% | -$14.8K |
2026 Q1
1 quarter
|
|
1248
Adeia
ADEA
$2.48B
| $219K | ﹤0.01% |
+6,664
| New | +$197K |
2026 Q2
0 quarters
|
|
1249
JBS N.V.
JBS
$39.3B
| $219K | ﹤0.01% |
+18,510
| New | +$271K |
2026 Q2
0 quarters
|
|
1250
Hancock Whitney
HWC
$5.85B
| $219K | ﹤0.01% |
+2,935
| New | +$201K |
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.