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
|
+$33.3M |
| 2 |
Microsoft
MSFT
|
+$28.8M |
| 3 |
Amazon
AMZN
|
+$15.6M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$10.2M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$6.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Halliburton
HAL
|
+$11.7M |
| 2 |
Target
TGT
|
+$4.63M |
| 3 |
Quanta Services
PWR
|
+$3.96M |
| 4 |
Truist Financial
TFC
|
+$3.04M |
| 5 |
Travelers Companies
TRV
|
+$3.04M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.84% |
| 2 | Healthcare | 13.92% |
| 3 | Financials | 13.55% |
| 4 | Consumer Discretionary | 8.93% |
| 5 | Industrials | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$5.17T
| $139M | 5.64% |
843,307
+225,842
| +37% | +$33.3M |
2019 Q4
13 quarters
|
|
|
2
Microsoft
MSFT
$3.88T
| $116M | 4.7% |
402,030
+112,733
| +39% | +$28.8M |
2019 Q4
13 quarters
|
|
|
3
Amazon
AMZN
$2.9T
| $43.5M | 1.77% |
421,380
+161,210
| +62% | +$15.6M |
2019 Q4
13 quarters
|
|
4
NVIDIA
NVDA
$3.94T
| $38.8M | 1.57% |
1,396,020
+286,560
| +26% | +$6.2M |
2019 Q4
13 quarters
|
|
|
5
Alphabet (Google) Class A
GOOGL
$3.68T
| $37.9M | 1.54% |
365,535
+68,474
| +23% | +$6.57M |
2019 Q4
13 quarters
|
|
|
6
Alphabet (Google) Class C
GOOG
$3.64T
| $34M | 1.38% |
327,367
+106,141
| +48% | +$10.2M |
2019 Q4
13 quarters
|
|
7
UnitedHealth
UNH
$363B
| $25.9M | 1.05% |
54,869
+9,455
| +21% | +$4.56M |
2019 Q4
13 quarters
|
|
8
Visa
V
$789B
| $23.3M | 0.95% |
103,462
+25,771
| +33% | +$5.74M |
2019 Q4
13 quarters
|
|
9
Cisco
CSCO
$402B
| $21.5M | 0.87% |
410,368
+72,298
| +21% | +$3.53M |
2019 Q4
13 quarters
|
|
10
Merck
MRK
$364B
| $21.3M | 0.86% |
199,944
+29,903
| +18% | +$3.23M |
2019 Q4
13 quarters
|
|
11
AT&T
T
$150B
| $20.6M | 0.83% |
1,067,810
+123,749
| +13% | +$2.37M |
2019 Q4
13 quarters
|
|
12
Eli Lilly
LLY
$1.28T
| $18.7M | 0.76% |
54,592
+5,514
| +11% | +$1.86M |
2019 Q4
13 quarters
|
|
13
Mastercard
MA
$572B
| $18.4M | 0.75% |
50,645
+13,136
| +35% | +$4.77M |
2019 Q4
13 quarters
|
|
14
Intel
INTC
$328B
| $17.7M | 0.72% |
541,137
+103,705
| +24% | +$2.94M |
2019 Q4
13 quarters
|
|
15
Home Depot
HD
$347B
| $16.9M | 0.68% |
57,139
+8,896
| +18% | +$2.73M |
2019 Q4
13 quarters
|
|
16
Thermo Fisher Scientific
TMO
$261B
| $16.7M | 0.68% |
29,021
+4,451
| +18% | +$2.51M |
2019 Q4
13 quarters
|
|
17
PepsiCo
PEP
$195B
| $16.7M | 0.68% |
91,575
+23,953
| +35% | +$4.19M |
2019 Q4
13 quarters
|
|
18
Meta Platforms (Facebook)
META
$1.59T
| $15.4M | 0.62% |
72,572
+35,010
| +93% | +$5.96M |
2019 Q4
13 quarters
|
|
19
Tesla
TSLA
$1.54T
| $14.6M | 0.59% |
70,525
+31,425
| +80% | +$5.48M |
2020 Q2
11 quarters
|
|
20
Verizon
VZ
$194B
| $14.6M | 0.59% |
376,211
+106,953
| +40% | +$4.22M |
2019 Q4
13 quarters
|
|
21
Accenture
ACN
$149B
| $14.2M | 0.57% |
49,511
+9,124
| +23% | +$2.49M |
2019 Q4
13 quarters
|
|
22
IBM
IBM
$232B
| $13.7M | 0.56% |
104,544
+8,382
| +9% | +$1.12M |
2019 Q4
13 quarters
|
|
23
Pfizer
PFE
$165B
| $13.5M | 0.55% |
330,023
+115,015
| +53% | +$4.97M |
2020 Q2
11 quarters
|
|
24
Goldman Sachs
GS
$264B
| $12.8M | 0.52% |
39,035
+3,560
| +10% | +$1.24M |
2019 Q4
13 quarters
|
|
25
Comcast
CMCSA
$88.1B
| $12.8M | 0.52% |
336,549
+95,400
| +40% | +$3.61M |
2019 Q4
13 quarters
|
|
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Ethic Inc's Q1 2023 Portfolio in Review
As of Q1 2023, Ethic Inc held 1,024 positions worth $2.46B, up 33% from $1.85B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Ethic Inc deployed $491M of net new capital in Q1 2023, opening 122 new positions and adding to 603 existing holdings. Its largest new stake was Cooper Companies: 16,816 shares worth $1.57M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 25% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Halliburton, an estimated $11.7M trimmed.
- Ethic Inc's largest Q1 2023 buy was Cooper Companies: 16,816 shares worth $1.57M.
- Ethic Inc added most to Apple in Q1 2023, an estimated $33.3M increase.
- Ethic Inc's biggest Q1 2023 reduction was Halliburton, cutting an estimated $11.7M.
- Ethic Inc fully exited Target in Q1 2023, selling an estimated $4.63M.
- Ethic Inc's ten largest holdings make up 20% of its $2.46B portfolio in Q1 2023.
- Ethic Inc opened 122 new positions and closed 65 in Q1 2023.
- Ethic Inc's portfolio value rose 33% quarter-over-quarter to $2.46B.
Based on Ethic Inc's 13F filing for Q1 2023, filed 12 May 2023.