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 | |
|---|---|---|---|---|---|---|---|
201
Comcast
CMCSA
$79.1B
| $8.14M | 0.1% |
331,684
-65,667
| -17% | -$1.69M |
2019 Q4
26 quarters
|
|
202
General Motors
GM
$72.8B
| $8.12M | 0.1% |
105,381
+9,771
| +10% | +$768K |
2021 Q4
18 quarters
|
|
203
HCA Healthcare
HCA
$104B
| $8.12M | 0.1% |
20,832
-2,468
| -11% | -$1.04M |
2020 Q3
23 quarters
|
|
204
Philip Morris
PM
$325B
| $7.98M | 0.1% |
44,092
-1,828
| -4% | -$317K |
2022 Q1
17 quarters
|
|
205
TransDigm Group
TDG
$65B
| $7.91M | 0.1% |
5,938
+529
| +10% | +$650K |
2021 Q2
20 quarters
|
|
206
Ciena
CIEN
$49.6B
| $7.84M | 0.1% |
15,979
+1,189
| +8% | +$606K |
2024 Q4
6 quarters
|
|
207
Oneok
OKE
$60.4B
| $7.79M | 0.1% |
89,610
-23,944
| -21% | -$2.11M |
2020 Q4
22 quarters
|
|
208
Waste Management
WM
$91.8B
| $7.74M | 0.1% |
34,749
-935
| -3% | -$208K |
2020 Q4
22 quarters
|
|
209
Carrier Global
CARR
$45.8B
| $7.73M | 0.1% |
105,396
+13,190
| +14% | +$862K |
2020 Q3
23 quarters
|
|
210
Novo Nordisk
NVO
$173B
| $7.66M | 0.1% |
159,699
+105,673
| +196% | +$4.54M |
2019 Q4
26 quarters
|
|
211
United Rentals
URI
$74.2B
| $7.57M | 0.09% |
6,682
+429
| +7% | +$408K |
2020 Q3
23 quarters
|
|
212
Wheaton Precious Metals
WPM
$56B
| $7.54M | 0.09% |
67,152
+41,690
| +164% | +$5.42M |
2025 Q1
5 quarters
|
|
213
Chevron
CVX
$454B
| $7.52M | 0.09% |
45,388
+1,766
| +4% | +$329K |
2022 Q1
17 quarters
|
|
214
UBS Group
UBS
$146B
| $7.46M | 0.09% |
150,546
+74,447
| +98% | +$3.39M |
2022 Q4
14 quarters
|
|
215
Becton Dickinson
BDX
$54B
| $7.45M | 0.09% |
49,222
+4,015
| +9% | +$600K |
2019 Q4
26 quarters
|
|
216
DELISTED
Warner Bros
WBD
| $7.42M | 0.09% |
278,501
+2,845
| +1% | +$77K |
2022 Q2
16 quarters
|
|
217
Nasdaq
NDAQ
$59B
| $7.32M | 0.09% |
92,911
+2,940
| +3% | +$258K |
2021 Q1
21 quarters
|
|
218
CSX Corp
CSX
$96.8B
| $7.3M | 0.09% |
153,483
+11,206
| +8% | +$506K |
2019 Q4
26 quarters
|
|
219
Copa Holdings
CPA
$5.36B
| $7.28M | 0.09% |
46,801
-153
| -0.3% | -$19.9K |
2021 Q1
21 quarters
|
|
220
HF Sinclair
DINO
$19.2B
| $7.27M | 0.09% |
104,382
+28,097
| +37% | +$1.87M |
2025 Q3
3 quarters
|
|
221
M&T Bank
MTB
$32.2B
| $7.27M | 0.09% |
30,534
+5,597
| +22% | +$1.22M |
2021 Q2
20 quarters
|
|
222
TechnipFMC
FTI
$26.3B
| $7.23M | 0.09% |
109,085
+25,813
| +31% | +$1.83M |
2025 Q2
4 quarters
|
|
223
Linde
LIN
$232B
| $7.23M | 0.09% |
13,934
+1,779
| +15% | +$901K |
2021 Q3
19 quarters
|
|
224
Dover
DOV
$28B
| $7.2M | 0.09% |
32,119
+4,183
| +15% | +$911K |
2020 Q2
24 quarters
|
|
225
AB InBev
BUD
$157B
| $7.13M | 0.09% |
86,555
+4,716
| +6% | +$371K |
2020 Q2
24 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.