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
|
+$1.62M |
| 2 |
Microsoft
MSFT
|
+$1.07M |
| 3 |
Apple
AAPL
|
+$919K |
| 4 |
Amazon
AMZN
|
+$891K |
| 5 |
AT&T
T
|
+$721K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CTXS
Citrix Systems Inc
CTXS
|
+$714K |
| 2 |
Meta Platforms (Facebook)
META
|
+$677K |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$572K |
| 4 |
AGN
Allergan plc
AGN
|
+$556K |
| 5 |
Netflix
NFLX
|
+$509K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.54% |
| 2 | Financials | 16.38% |
| 3 | Healthcare | 16.17% |
| 4 | Consumer Discretionary | 10.94% |
| 5 | Communication Services | 10.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$4.98T
| $10.8M | 6.13% |
118,192
+11,864
| +11% | +$919K |
2019 Q4
2 quarters
|
|
|
2
Microsoft
MSFT
$3.94T
| $9.8M | 5.55% |
47,936
+5,889
| +14% | +$1.07M |
2019 Q4
2 quarters
|
|
|
3
Amazon
AMZN
$2.8T
| $7.7M | 4.38% |
55,860
+7,380
| +15% | +$891K |
2019 Q4
2 quarters
|
|
|
4
Alphabet (Google) Class A
GOOGL
$3.5T
| $3.84M | 2.19% |
54,160
+24,000
| +80% | +$1.62M |
2019 Q4
2 quarters
|
|
5
Visa
V
$789B
| $2.79M | 1.59% |
14,428
+1,896
| +15% | +$346K |
2019 Q4
2 quarters
|
|
6
Procter & Gamble
PG
$383B
| $2.54M | 1.45% |
21,240
+2,664
| +14% | +$311K |
2019 Q4
2 quarters
|
|
|
7
Alphabet (Google) Class C
GOOG
$3.49T
| $2.4M | 1.37% |
33,960
-8,480
| -20% | -$572K |
2019 Q4
2 quarters
|
|
8
Home Depot
HD
$343B
| $2.24M | 1.27% |
8,926
+391
| +5% | +$89.5K |
2019 Q4
2 quarters
|
|
9
UnitedHealth
UNH
$353B
| $2.22M | 1.26% |
7,509
+473
| +7% | +$136K |
2019 Q4
2 quarters
|
|
10
Mastercard
MA
$569B
| $2.16M | 1.23% |
7,294
+859
| +13% | +$242K |
2019 Q4
2 quarters
|
|
11
Verizon
VZ
$189B
| $2.03M | 1.16% |
36,894
+12,360
| +50% | +$695K |
2019 Q4
2 quarters
|
|
12
JPMorgan Chase
JPM
$888B
| $1.86M | 1.06% |
19,725
+4,305
| +28% | +$408K |
2019 Q4
2 quarters
|
|
|
13
Meta Platforms (Facebook)
META
$1.56T
| $1.85M | 1.05% |
8,154
-3,244
| -28% | -$677K |
2019 Q4
2 quarters
|
|
14
Merck
MRK
$362B
| $1.85M | 1.05% |
25,051
+5,008
| +25% | +$377K |
2019 Q4
2 quarters
|
|
15
PayPal
PYPL
$49.2B
| $1.73M | 0.98% |
9,910
+1,848
| +23% | +$255K |
2019 Q4
2 quarters
|
|
16
Adobe
ADBE
$93.1B
| $1.72M | 0.98% |
3,948
+532
| +16% | +$197K |
2019 Q4
2 quarters
|
|
17
NVIDIA
NVDA
$4.51T
| $1.64M | 0.94% |
173,120
+36,360
| +27% | +$294K |
2019 Q4
2 quarters
|
|
18
Comcast
CMCSA
$86.6B
| $1.59M | 0.91% |
40,879
+15,300
| +60% | +$583K |
2019 Q4
2 quarters
|
|
19
Danaher
DHR
$162B
| $1.52M | 0.87% |
9,704
+2,280
| +31% | +$327K |
2019 Q4
2 quarters
|
|
|
20
AT&T
T
$146B
| $1.5M | 0.85% |
65,795
+31,677
| +93% | +$721K |
2019 Q4
2 quarters
|
|
21
AbbVie
ABBV
$515B
| $1.48M | 0.84% |
15,060
+4,264
| +39% | +$375K |
2019 Q4
2 quarters
|
|
22
McDonald's
MCD
$196B
| $1.46M | 0.83% |
7,909
+1,993
| +34% | +$365K |
2019 Q4
2 quarters
|
|
23
S&P Global
SPGI
$136B
| $1.44M | 0.82% |
4,369
+64
| +1% | +$19.2K |
2019 Q4
2 quarters
|
|
24
Accenture
ACN
$154B
| $1.44M | 0.82% |
6,696
+1,496
| +29% | +$283K |
2019 Q4
2 quarters
|
|
25
Cisco
CSCO
$370B
| $1.43M | 0.81% |
30,651
+1,307
| +4% | +$57.3K |
2019 Q4
2 quarters
|
|
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Ethic Inc's Q2 2020 Portfolio in Review
As of Q2 2020, Ethic Inc held 290 positions worth $176M, up 47% from $120M the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Ethic Inc deployed $29.7M of net new capital in Q2 2020, opening 82 new positions and adding to 122 existing holdings. Its largest new stake was Paychex: 6,740 shares worth $511K.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 25% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $677K trimmed.
- Ethic Inc's largest Q2 2020 buy was Paychex: 6,740 shares worth $511K.
- Ethic Inc added most to Alphabet (Google) Class A in Q2 2020, an estimated $1.62M increase.
- Ethic Inc's biggest Q2 2020 reduction was Meta Platforms (Facebook), cutting an estimated $677K.
- Ethic Inc fully exited Citrix Systems Inc in Q2 2020, selling an estimated $714K.
- Ethic Inc's ten largest holdings make up 26% of its $176M portfolio in Q2 2020.
- Ethic Inc opened 82 new positions and closed 15 in Q2 2020.
- Ethic Inc's portfolio value rose 47% quarter-over-quarter to $176M.
Based on Ethic Inc's 13F filing for Q2 2020, filed 12 Aug 2020.