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
|
+$8.47M |
| 2 |
Halliburton
HAL
|
+$6.8M |
| 3 |
Amazon
AMZN
|
+$3.95M |
| 4 |
Microsoft
MSFT
|
+$3.32M |
| 5 |
Edison International
EIX
|
+$2.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Devon Energy
DVN
|
+$5.42M |
| 2 |
PepsiCo
PEP
|
+$5.05M |
| 3 |
US Bancorp
USB
|
+$3.55M |
| 4 |
Constellation Energy
CEG
|
+$2.86M |
| 5 |
Truist Financial
TFC
|
+$2.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.97% |
| 2 | Healthcare | 15.16% |
| 3 | Financials | 14.61% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Industrials | 8.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$5.02T
| $89.2M | 6.06% |
645,506
+53,988
| +9% | +$8.47M |
2019 Q4
11 quarters
|
|
|
2
Microsoft
MSFT
$3.94T
| $59.2M | 4.02% |
254,000
+12,578
| +5% | +$3.32M |
2019 Q4
11 quarters
|
|
|
3
Amazon
AMZN
$2.75T
| $31.1M | 2.11% |
275,573
+31,266
| +13% | +$3.95M |
2019 Q4
11 quarters
|
|
4
Alphabet (Google) Class A
GOOGL
$3.97T
| $25.9M | 1.76% |
270,884
+6,204
| +2% | +$688K |
2019 Q4
11 quarters
|
|
5
UnitedHealth
UNH
$365B
| $22.4M | 1.52% |
44,300
+2,717
| +7% | +$1.43M |
2019 Q4
11 quarters
|
|
6
Alphabet (Google) Class C
GOOG
$3.94T
| $20.6M | 1.4% |
213,846
+21,046
| +11% | +$2.35M |
2019 Q4
11 quarters
|
|
7
Eli Lilly
LLY
$1.15T
| $13.9M | 0.95% |
43,055
+5,866
| +16% | +$1.86M |
2019 Q4
11 quarters
|
|
8
Merck
MRK
$350B
| $13.8M | 0.93% |
159,667
+17,467
| +12% | +$1.56M |
2019 Q4
11 quarters
|
|
9
Home Depot
HD
$317B
| $12.5M | 0.85% |
45,343
+2,545
| +6% | +$751K |
2019 Q4
11 quarters
|
|
10
Thermo Fisher Scientific
TMO
$260B
| $12.3M | 0.83% |
24,176
+1,673
| +7% | +$936K |
2019 Q4
11 quarters
|
|
11
Visa
V
$749B
| $12M | 0.81% |
67,269
+135
| +0.2% | +$27.5K |
2019 Q4
11 quarters
|
|
12
NVIDIA
NVDA
$5.2T
| $11.6M | 0.79% |
956,490
-6,600
| -0.7% | -$104K |
2019 Q4
11 quarters
|
|
13
Tesla
TSLA
$1.6T
| $10.3M | 0.7% |
38,873
+7,346
| +23% | +$2.05M |
2020 Q2
9 quarters
|
|
|
14
PepsiCo
PEP
$181B
| $10M | 0.68% |
61,121
-29,320
| -32% | -$5.05M |
2019 Q4
11 quarters
|
|
15
Abbott
ABT
$178B
| $9.9M | 0.67% |
101,948
+7,987
| +9% | +$851K |
2019 Q4
11 quarters
|
|
16
Accenture
ACN
$149B
| $9.8M | 0.66% |
37,976
+755
| +2% | +$218K |
2019 Q4
11 quarters
|
|
17
Verizon
VZ
$179B
| $9.32M | 0.63% |
245,530
+9,360
| +4% | +$417K |
2019 Q4
11 quarters
|
|
18
Danaher
DHR
$165B
| $8.98M | 0.61% |
39,197
+3,072
| +9% | +$752K |
2019 Q4
11 quarters
|
|
19
General Mills
GIS
$17.7B
| $8.8M | 0.6% |
114,888
+18,478
| +19% | +$1.41M |
2019 Q4
11 quarters
|
|
|
20
Halliburton
HAL
$29.6B
| $8.58M | 0.58% |
348,575
+237,659
| +214% | +$6.8M |
2021 Q3
4 quarters
|
|
21
Automatic Data Processing
ADP
$113B
| $8.55M | 0.58% |
37,792
+4,925
| +15% | +$1.16M |
2019 Q4
11 quarters
|
|
22
Broadcom
AVGO
$1.68T
| $8.52M | 0.58% |
191,880
+11,540
| +6% | +$590K |
2019 Q4
11 quarters
|
|
23
Cisco
CSCO
$435B
| $8.45M | 0.57% |
211,255
+36,575
| +21% | +$1.62M |
2019 Q4
11 quarters
|
|
24
Goldman Sachs
GS
$269B
| $8.29M | 0.56% |
28,275
+4,689
| +20% | +$1.52M |
2019 Q4
11 quarters
|
|
25
Marsh
MRSH
$91.4B
| $8M | 0.54% |
53,567
+2,850
| +6% | +$457K |
2019 Q4
11 quarters
|
|
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Ethic Inc's Q3 2022 Portfolio in Review
As of Q3 2022, Ethic Inc held 853 positions worth $1.47B, up 2.7% from $1.43B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Ethic Inc deployed $140M of net new capital in Q3 2022, opening 99 new positions and adding to 493 existing holdings. Its largest new stake was Crane NXT: 24,814 shares worth $755K.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 26% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Devon Energy, an estimated $5.42M trimmed.
- Ethic Inc's largest Q3 2022 buy was Crane NXT: 24,814 shares worth $755K.
- Ethic Inc added most to Apple in Q3 2022, an estimated $8.47M increase.
- Ethic Inc's biggest Q3 2022 reduction was Devon Energy, cutting an estimated $5.42M.
- Ethic Inc fully exited China Life Insurance Company Ltd. in Q3 2022, selling an estimated $1.34M.
- Ethic Inc's ten largest holdings make up 20% of its $1.47B portfolio in Q3 2022.
- Ethic Inc opened 99 new positions and closed 56 in Q3 2022.
- Ethic Inc's portfolio value rose 2.7% quarter-over-quarter to $1.47B.
Based on Ethic Inc's 13F filing for Q3 2022, filed 14 Nov 2022.