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
|
+$13.9M |
| 2 |
Microsoft
MSFT
|
+$13.3M |
| 3 |
Tesla
TSLA
|
+$6.74M |
| 4 |
Amazon
AMZN
|
+$6.55M |
| 5 |
Applied Materials
AMAT
|
+$4.18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intel
INTC
|
+$5.61M |
| 2 |
AT&T
T
|
+$5.42M |
| 3 |
Texas Instruments
TXN
|
+$3.28M |
| 4 |
General Motors
GM
|
+$3.25M |
| 5 |
Valero Energy
VLO
|
+$2.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.21% |
| 2 | Financials | 13.98% |
| 3 | Healthcare | 13.64% |
| 4 | Consumer Discretionary | 9.47% |
| 5 | Industrials | 8.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$5.03T
| $164M | 5.74% |
955,008
+75,596
| +9% | +$13.9M |
2019 Q4
15 quarters
|
|
|
2
Microsoft
MSFT
$3.88T
| $143M | 5.01% |
451,761
+40,275
| +10% | +$13.3M |
2019 Q4
15 quarters
|
|
3
NVIDIA
NVDA
$4.94T
| $67M | 2.35% |
1,540,500
+67,110
| +5% | +$3.01M |
2019 Q4
15 quarters
|
|
|
4
Amazon
AMZN
$2.6T
| $63M | 2.21% |
495,203
+48,885
| +11% | +$6.55M |
2019 Q4
15 quarters
|
|
5
Alphabet (Google) Class A
GOOGL
$3.44T
| $53.4M | 1.87% |
408,019
+30,677
| +8% | +$3.97M |
2019 Q4
15 quarters
|
|
6
Alphabet (Google) Class C
GOOG
$3.42T
| $46.2M | 1.62% |
350,774
+13,998
| +4% | +$1.82M |
2019 Q4
15 quarters
|
|
7
UnitedHealth
UNH
$365B
| $32.6M | 1.15% |
64,751
+4,467
| +7% | +$2.2M |
2019 Q4
15 quarters
|
|
8
Eli Lilly
LLY
$1.26T
| $32.5M | 1.14% |
60,572
+5,059
| +9% | +$2.61M |
2019 Q4
15 quarters
|
|
9
Visa
V
$773B
| $26.9M | 0.94% |
116,872
+9,849
| +9% | +$2.37M |
2019 Q4
15 quarters
|
|
|
10
Tesla
TSLA
$1.58T
| $25.7M | 0.9% |
102,846
+26,235
| +34% | +$6.74M |
2020 Q2
13 quarters
|
|
11
Mastercard
MA
$556B
| $25.4M | 0.89% |
64,196
+10,108
| +19% | +$4.06M |
2019 Q4
15 quarters
|
|
12
Meta Platforms (Facebook)
META
$1.6T
| $25.2M | 0.88% |
83,913
+9,814
| +13% | +$2.96M |
2019 Q4
15 quarters
|
|
13
Cisco
CSCO
$412B
| $24.8M | 0.87% |
460,860
+40,212
| +10% | +$2.17M |
2019 Q4
15 quarters
|
|
14
Merck
MRK
$369B
| $23.2M | 0.81% |
224,976
+17,366
| +8% | +$1.87M |
2019 Q4
15 quarters
|
|
15
Home Depot
HD
$328B
| $20M | 0.7% |
66,085
+5,811
| +10% | +$1.87M |
2019 Q4
15 quarters
|
|
16
Adobe
ADBE
$97.4B
| $18.7M | 0.66% |
36,690
+2,521
| +7% | +$1.32M |
2019 Q4
15 quarters
|
|
17
Broadcom
AVGO
$1.56T
| $18.3M | 0.64% |
220,830
+20,820
| +10% | +$1.8M |
2019 Q4
15 quarters
|
|
18
Accenture
ACN
$158B
| $16.9M | 0.59% |
55,109
+2,544
| +5% | +$802K |
2019 Q4
15 quarters
|
|
19
Comcast
CMCSA
$82.5B
| $16.7M | 0.59% |
377,421
+26,841
| +8% | +$1.2M |
2019 Q4
15 quarters
|
|
20
IBM
IBM
$244B
| $16.7M | 0.59% |
119,025
+13,283
| +13% | +$1.89M |
2019 Q4
15 quarters
|
|
21
Verizon
VZ
$185B
| $15.2M | 0.53% |
467,835
+108,552
| +30% | +$3.67M |
2019 Q4
15 quarters
|
|
22
Thermo Fisher Scientific
TMO
$258B
| $15.1M | 0.53% |
29,874
+1,206
| +4% | +$643K |
2019 Q4
15 quarters
|
|
23
Salesforce
CRM
$189B
| $14.6M | 0.51% |
72,139
+8,480
| +13% | +$1.83M |
2019 Q4
15 quarters
|
|
24
PepsiCo
PEP
$187B
| $14.6M | 0.51% |
85,882
-7,734
| -8% | -$1.4M |
2019 Q4
15 quarters
|
|
25
Novo Nordisk
NVO
$176B
| $14.4M | 0.51% |
158,817
+20,773
| +15% | +$1.83M |
2019 Q4
15 quarters
|
|
Similar funds
Ethic Inc's Q3 2023 Portfolio in Review
As of Q3 2023, Ethic Inc held 1,081 positions worth $2.85B, up 5.7% from $2.7B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ethic Inc deployed $256M of net new capital in Q3 2023, opening 113 new positions and adding to 614 existing holdings. Its largest new stake was Marathon Oil Corporation: 109,561 shares worth $2.93M.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Intel, an estimated $5.61M trimmed.
- Ethic Inc's largest Q3 2023 buy was Marathon Oil Corporation: 109,561 shares worth $2.93M.
- Ethic Inc added most to Apple in Q3 2023, an estimated $13.9M increase.
- Ethic Inc's biggest Q3 2023 reduction was Intel, cutting an estimated $5.61M.
- Ethic Inc fully exited Cooper Companies in Q3 2023, selling an estimated $1.81M.
- Ethic Inc's ten largest holdings make up 23% of its $2.85B portfolio in Q3 2023.
- Ethic Inc opened 113 new positions and closed 70 in Q3 2023.
- Ethic Inc's portfolio value rose 5.7% quarter-over-quarter to $2.85B.
Based on Ethic Inc's 13F filing for Q3 2023, filed 14 Nov 2023.