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 |
Microsoft
MSFT
|
+$18.9M |
| 2 |
Apple
AAPL
|
+$13.3M |
| 3 |
Walt Disney
DIS
|
+$4.94M |
| 4 |
Tesla
TSLA
|
+$4.84M |
| 5 |
NVIDIA
NVDA
|
+$4.29M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$2.74M |
| 2 |
Micron Technology
MU
|
+$1.48M |
| 3 |
AvalonBay Communities
AVB
|
+$1.2M |
| 4 |
Gilead Sciences
GILD
|
+$859K |
| 5 |
VER
VEREIT, Inc.
VER
|
+$808K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.5% |
| 2 | Financials | 13.92% |
| 3 | Healthcare | 13.12% |
| 4 | Communication Services | 10.02% |
| 5 | Consumer Discretionary | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$5.21T
| $85.4M | 6.58% |
480,700
+84,019
| +21% | +$13.3M |
2019 Q4
8 quarters
|
|
|
2
Microsoft
MSFT
$3.89T
| $80M | 6.16% |
237,750
+58,288
| +32% | +$18.9M |
2019 Q4
8 quarters
|
|
3
Amazon
AMZN
$2.87T
| $31.3M | 2.42% |
188,020
+17,300
| +10% | +$2.96M |
2019 Q4
8 quarters
|
|
4
Alphabet (Google) Class A
GOOGL
$3.63T
| $30.7M | 2.37% |
212,040
+20,620
| +11% | +$2.97M |
2019 Q4
8 quarters
|
|
|
5
NVIDIA
NVDA
$3.89T
| $23.6M | 1.82% |
803,040
+155,920
| +24% | +$4.29M |
2019 Q4
8 quarters
|
|
6
Alphabet (Google) Class C
GOOG
$3.59T
| $20.5M | 1.58% |
142,000
+27,880
| +24% | +$4.03M |
2019 Q4
8 quarters
|
|
7
UnitedHealth
UNH
$360B
| $16M | 1.23% |
31,765
+4,194
| +15% | +$1.9M |
2019 Q4
8 quarters
|
|
8
Home Depot
HD
$348B
| $14.4M | 1.11% |
34,708
+4,304
| +14% | +$1.64M |
2019 Q4
8 quarters
|
|
|
9
Tesla
TSLA
$1.54T
| $11.4M | 0.88% |
32,340
+14,436
| +81% | +$4.84M |
2020 Q2
6 quarters
|
|
10
Thermo Fisher Scientific
TMO
$258B
| $11.2M | 0.86% |
16,752
+3,853
| +30% | +$2.41M |
2019 Q4
8 quarters
|
|
11
Accenture
ACN
$149B
| $11M | 0.85% |
26,554
+3,410
| +15% | +$1.24M |
2019 Q4
8 quarters
|
|
12
Adobe
ADBE
$94B
| $10.3M | 0.8% |
18,214
+1,989
| +12% | +$1.24M |
2019 Q4
8 quarters
|
|
13
PepsiCo
PEP
$197B
| $9.7M | 0.75% |
55,628
+9,521
| +21% | +$1.56M |
2019 Q4
8 quarters
|
|
14
Broadcom
AVGO
$1.65T
| $9.45M | 0.73% |
142,080
+12,090
| +9% | +$680K |
2019 Q4
8 quarters
|
|
15
Meta Platforms (Facebook)
META
$1.63T
| $9.04M | 0.7% |
26,887
+2,484
| +10% | +$825K |
2019 Q4
8 quarters
|
|
16
Danaher
DHR
$162B
| $8.7M | 0.67% |
29,837
+2,784
| +10% | +$767K |
2019 Q4
8 quarters
|
|
17
Cisco
CSCO
$377B
| $8.62M | 0.66% |
135,999
+30,944
| +29% | +$1.77M |
2019 Q4
8 quarters
|
|
18
Nike
NKE
$56.4B
| $8.41M | 0.65% |
50,478
+7,500
| +17% | +$1.24M |
2019 Q4
8 quarters
|
|
19
Verizon
VZ
$192B
| $8.05M | 0.62% |
154,915
+19,642
| +15% | +$1.02M |
2019 Q4
8 quarters
|
|
20
Salesforce
CRM
$179B
| $8M | 0.62% |
31,464
+4,337
| +16% | +$1.22M |
2019 Q4
8 quarters
|
|
21
Morgan Stanley
MS
$296B
| $7.95M | 0.61% |
81,016
+14,800
| +22% | +$1.47M |
2019 Q4
8 quarters
|
|
|
22
Walt Disney
DIS
$206B
| $7.92M | 0.61% |
51,110
+30,559
| +149% | +$4.94M |
2019 Q4
8 quarters
|
|
23
Merck
MRK
$362B
| $7.75M | 0.6% |
101,086
-1,586
| -2% | -$126K |
2019 Q4
8 quarters
|
|
24
Abbott
ABT
$189B
| $7.68M | 0.59% |
54,587
-2,959
| -5% | -$379K |
2019 Q4
8 quarters
|
|
25
Applied Materials
AMAT
$288B
| $7.56M | 0.58% |
48,021
+11,297
| +31% | +$1.64M |
2019 Q4
8 quarters
|
|
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Ethic Inc's Q4 2021 Portfolio in Review
As of Q4 2021, Ethic Inc held 701 positions worth $1.3B, up 33% from $977M the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Ethic Inc deployed $217M of net new capital in Q4 2021, opening 92 new positions and adding to 454 existing holdings. Its largest new stake was Moderna: 4,019 shares worth $1.02M.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Bank of America, an estimated $2.74M trimmed.
- Ethic Inc's largest Q4 2021 buy was Moderna: 4,019 shares worth $1.02M.
- Ethic Inc added most to Microsoft in Q4 2021, an estimated $18.9M increase.
- Ethic Inc's biggest Q4 2021 reduction was Bank of America, cutting an estimated $2.74M.
- Ethic Inc fully exited VEREIT, Inc. in Q4 2021, selling an estimated $808K.
- Ethic Inc's ten largest holdings make up 25% of its $1.3B portfolio in Q4 2021.
- Ethic Inc opened 92 new positions and closed 38 in Q4 2021.
- Ethic Inc's portfolio value rose 33% quarter-over-quarter to $1.3B.
Based on Ethic Inc's 13F filing for Q4 2021, filed 14 Feb 2022.