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 | |
|---|---|---|---|---|---|---|---|
1301
SandRidge Energy
SD
$536M
| $148K | ﹤0.01% |
+10,812
| New | +$161K |
2026 Q2
0 quarters
|
|
1302
Graphic Packaging
GPK
$2.62B
| $145K | ﹤0.01% |
+13,675
| New | +$140K |
2026 Q2
0 quarters
|
|
1303
W&T Offshore
WTI
$614M
| $143K | ﹤0.01% |
45,319
-20,175
| -31% | -$74.8K |
2024 Q4
6 quarters
|
|
1304
Evolution Petroleum
EPM
$152M
| $138K | ﹤0.01% |
37,539
-40,786
| -52% | -$178K |
2022 Q2
16 quarters
|
|
1305
Oil States International
OIS
$548M
| $137K | ﹤0.01% |
17,114
+2,862
| +20% | +$27.1K |
2022 Q3
15 quarters
|
|
1306
Korea Electric Power
KEP
$13.5B
| $137K | ﹤0.01% |
+11,327
| New | +$157K |
2026 Q2
0 quarters
|
|
1307
DXC Technology
DXC
$2.49B
| $135K | ﹤0.01% |
+15,232
| New | +$158K |
2026 Q2
0 quarters
|
|
1308
Wise Group
WSE
$10.7B
| $133K | ﹤0.01% |
+11,165
| New | +$133K |
2026 Q2
0 quarters
|
|
1309
Shoals Technologies Group
SHLS
$1.3B
| $131K | ﹤0.01% |
13,252
-5,100
| -28% | -$46.3K |
2025 Q2
4 quarters
|
|
1310
PagerDuty
PD
$1.35B
| $131K | ﹤0.01% |
+13,538
| New | +$102K |
2026 Q2
0 quarters
|
|
1311
Ultrapar
UGP
$6.48B
| $129K | ﹤0.01% |
25,649
-23,147
| -47% | -$127K |
2025 Q1
5 quarters
|
|
1312
Diamondrock Hospitality Co
DRH
$2.94B
| $128K | ﹤0.01% |
10,483
-3,950
| -27% | -$43K |
2026 Q1
1 quarter
|
|
1313
Energy Recovery
ERII
$357M
| $127K | ﹤0.01% |
+14,057
| New | +$134K |
2026 Q2
0 quarters
|
|
1314
BioCryst Pharmaceuticals
BCRX
$2.16B
| $123K | ﹤0.01% |
+12,289
| New | +$111K |
2026 Q2
0 quarters
|
|
1315
RLJ Lodging Trust
RLJ
$1.92B
| $122K | ﹤0.01% |
10,304
-423
| -4% | -$3.96K |
2026 Q1
1 quarter
|
|
1316
Apollo Commercial Real Estate
ARI
$838M
| $120K | ﹤0.01% |
+11,206
| New | +$122K |
2026 Q2
0 quarters
|
|
1317
CNH Industrial
CNH
$18.2B
| $118K | ﹤0.01% |
10,549
-432
| -4% | -$4.6K |
2026 Q1
1 quarter
|
|
1318
Kyndryl
KD
$3.01B
| $116K | ﹤0.01% |
10,232
-6,513
| -39% | -$81.2K |
2023 Q1
13 quarters
|
|
1319
AvePoint
AVPT
$3.6B
| $115K | ﹤0.01% |
10,249
-1,403
| -12% | -$14.4K |
2026 Q1
1 quarter
|
|
1320
TAL Education Group
TAL
$5.67B
| $114K | ﹤0.01% |
11,878
-12,454
| -51% | -$131K |
2025 Q4
2 quarters
|
|
1321
Array Technologies
ARRY
$562M
| $114K | ﹤0.01% |
15,335
-5,150
| -25% | -$41K |
2025 Q4
2 quarters
|
|
1322
Lifezone Metals
LZM
$317M
| $112K | ﹤0.01% |
28,875
-16,104
| -36% | -$75.2K |
2025 Q4
2 quarters
|
|
1323
Medical Properties Trust
MPT
$1.52B
| $112K | ﹤0.01% |
24,242
-14,224
| -37% | -$70.5K |
2022 Q3
15 quarters
|
|
1324
Enel Chile
ENIC
$5.78B
| $110K | ﹤0.01% |
24,356
-38,386
| -61% | -$169K |
2024 Q4
6 quarters
|
|
1325
Genworth Financial
GNW
$3.39B
| $110K | ﹤0.01% |
11,572
-1,233
| -10% | -$11K |
2022 Q4
14 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.