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 |
Apple
AAPL
|
+$9.18M |
| 2 |
Microsoft
MSFT
|
+$8.38M |
| 3 |
Abbott
ABT
|
+$4.7M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$4.14M |
| 5 |
Morgan Stanley
MS
|
+$2.66M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TJX Companies
TJX
|
+$1.63M |
| 2 |
PPG Industries
PPG
|
+$1.52M |
| 3 |
American Express
AXP
|
+$1.5M |
| 4 |
Shopify
SHOP
|
+$1.27M |
| 5 |
Kimberly-Clark
KMB
|
+$1.21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.65% |
| 2 | Financials | 15.56% |
| 3 | Healthcare | 13.78% |
| 4 | Communication Services | 10.79% |
| 5 | Consumer Discretionary | 9.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$5.08T
| $56.1M | 5.74% |
396,681
+62,362
| +19% | +$9.18M |
2019 Q4
7 quarters
|
|
|
2
Microsoft
MSFT
$4.02T
| $50.6M | 5.18% |
179,462
+28,799
| +19% | +$8.38M |
2019 Q4
7 quarters
|
|
3
Amazon
AMZN
$2.9T
| $28M | 2.87% |
170,720
-1,800
| -1% | -$310K |
2019 Q4
7 quarters
|
|
4
Alphabet (Google) Class A
GOOGL
$3.57T
| $25.6M | 2.62% |
191,420
+13,720
| +8% | +$1.87M |
2019 Q4
7 quarters
|
|
|
5
Alphabet (Google) Class C
GOOG
$3.55T
| $15.2M | 1.56% |
114,120
+30,060
| +36% | +$4.14M |
2019 Q4
7 quarters
|
|
6
NVIDIA
NVDA
$4.22T
| $13.4M | 1.37% |
647,120
+102,280
| +19% | +$2.12M |
2019 Q4
7 quarters
|
|
7
UnitedHealth
UNH
$355B
| $10.8M | 1.1% |
27,571
+3,709
| +16% | +$1.54M |
2019 Q4
7 quarters
|
|
8
Home Depot
HD
$350B
| $10M | 1.02% |
30,404
+4,662
| +18% | +$1.53M |
2019 Q4
7 quarters
|
|
9
Adobe
ADBE
$92.4B
| $9.34M | 0.96% |
16,225
+2,346
| +17% | +$1.48M |
2019 Q4
7 quarters
|
|
10
PayPal
PYPL
$50.1B
| $8.32M | 0.85% |
31,979
+3,350
| +12% | +$950K |
2019 Q4
7 quarters
|
|
11
Meta Platforms (Facebook)
META
$1.64T
| $8.28M | 0.85% |
24,403
+4,437
| +22% | +$1.6M |
2019 Q4
7 quarters
|
|
12
Comcast
CMCSA
$86.3B
| $7.94M | 0.81% |
141,995
+14,319
| +11% | +$835K |
2019 Q4
7 quarters
|
|
13
Merck
MRK
$364B
| $7.71M | 0.79% |
102,672
+16,262
| +19% | +$1.24M |
2019 Q4
7 quarters
|
|
14
Accenture
ACN
$152B
| $7.4M | 0.76% |
23,144
+2,917
| +14% | +$949K |
2019 Q4
7 quarters
|
|
15
Thermo Fisher Scientific
TMO
$261B
| $7.37M | 0.75% |
12,899
+1,372
| +12% | +$753K |
2019 Q4
7 quarters
|
|
16
Salesforce
CRM
$176B
| $7.36M | 0.75% |
27,127
+4,908
| +22% | +$1.25M |
2019 Q4
7 quarters
|
|
17
Verizon
VZ
$191B
| $7.31M | 0.75% |
135,273
+5,667
| +4% | +$313K |
2019 Q4
7 quarters
|
|
18
Danaher
DHR
$163B
| $7.3M | 0.75% |
27,053
+706
| +3% | +$192K |
2019 Q4
7 quarters
|
|
19
PepsiCo
PEP
$195B
| $6.94M | 0.71% |
46,107
+6,791
| +17% | +$1.05M |
2019 Q4
7 quarters
|
|
|
20
Abbott
ABT
$190B
| $6.8M | 0.7% |
57,546
+38,297
| +199% | +$4.7M |
2019 Q4
7 quarters
|
|
21
Visa
V
$790B
| $6.59M | 0.67% |
29,583
+3,719
| +14% | +$872K |
2019 Q4
7 quarters
|
|
22
Mastercard
MA
$573B
| $6.47M | 0.66% |
18,602
-2,222
| -11% | -$808K |
2019 Q4
7 quarters
|
|
|
23
Morgan Stanley
MS
$295B
| $6.44M | 0.66% |
66,216
+26,892
| +68% | +$2.66M |
2019 Q4
7 quarters
|
|
24
Broadcom
AVGO
$1.51T
| $6.3M | 0.65% |
129,990
+10,550
| +9% | +$513K |
2019 Q4
7 quarters
|
|
25
AT&T
T
$146B
| $6.25M | 0.64% |
306,174
+11,241
| +4% | +$236K |
2019 Q4
7 quarters
|
|
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Ethic Inc's Q3 2021 Portfolio in Review
As of Q3 2021, Ethic Inc held 663 positions worth $977M, up 18% from $825M the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ethic Inc deployed $154M of net new capital in Q3 2021, opening 99 new positions and adding to 405 existing holdings. Its largest new stake was Reliance Steel & Aluminium: 8,566 shares worth $1.22M.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 28% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was TJX Companies, an estimated $1.63M trimmed.
- Ethic Inc's largest Q3 2021 buy was Reliance Steel & Aluminium: 8,566 shares worth $1.22M.
- Ethic Inc added most to Apple in Q3 2021, an estimated $9.18M increase.
- Ethic Inc's biggest Q3 2021 reduction was TJX Companies, cutting an estimated $1.63M.
- Ethic Inc fully exited Wheaton Precious Metals in Q3 2021, selling an estimated $1.16M.
- Ethic Inc's ten largest holdings make up 23% of its $977M portfolio in Q3 2021.
- Ethic Inc opened 99 new positions and closed 54 in Q3 2021.
- Ethic Inc's portfolio value rose 18% quarter-over-quarter to $977M.
Based on Ethic Inc's 13F filing for Q3 2021, filed 15 Nov 2021.