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 |
Halliburton
HAL
|
+$5.9M |
| 2 |
Coca-Cola Europacific Partners
CCEP
|
+$5.27M |
| 3 |
Kenvue
KVUE
|
+$4.91M |
| 4 |
Roper Technologies
ROP
|
+$4.71M |
| 5 |
NVIDIA
NVDA
|
+$4.38M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$5.58M |
| 2 |
Edison International
EIX
|
+$3.95M |
| 3 |
Comcast
CMCSA
|
+$3.7M |
| 4 |
VMW
VMware, Inc
VMW
|
+$3.59M |
| 5 |
Williams Companies
WMB
|
+$3.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.16% |
| 2 | Financials | 14.34% |
| 3 | Healthcare | 12.82% |
| 4 | Consumer Discretionary | 9.55% |
| 5 | Industrials | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$5.07T
| $186M | 5.49% |
964,449
+9,441
| +1% | +$1.74M |
2019 Q4
16 quarters
|
|
2
Microsoft
MSFT
$3.96T
| $172M | 5.08% |
457,032
+5,271
| +1% | +$1.88M |
2019 Q4
16 quarters
|
|
|
3
NVIDIA
NVDA
$4.07T
| $81M | 2.4% |
1,635,110
+94,610
| +6% | +$4.38M |
2019 Q4
16 quarters
|
|
4
Amazon
AMZN
$2.94T
| $78M | 2.31% |
513,065
+17,862
| +4% | +$2.5M |
2019 Q4
16 quarters
|
|
5
Alphabet (Google) Class A
GOOGL
$3.53T
| $60.2M | 1.78% |
431,300
+23,281
| +6% | +$3.13M |
2019 Q4
16 quarters
|
|
6
Alphabet (Google) Class C
GOOG
$3.5T
| $51.7M | 1.53% |
366,679
+15,905
| +5% | +$2.16M |
2019 Q4
16 quarters
|
|
7
UnitedHealth
UNH
$361B
| $38.1M | 1.13% |
72,396
+7,645
| +12% | +$4.08M |
2019 Q4
16 quarters
|
|
8
Eli Lilly
LLY
$1.28T
| $36.4M | 1.08% |
62,512
+1,940
| +3% | +$1.13M |
2019 Q4
16 quarters
|
|
9
Visa
V
$790B
| $32.7M | 0.97% |
125,488
+8,616
| +7% | +$2.12M |
2019 Q4
16 quarters
|
|
10
Meta Platforms (Facebook)
META
$1.65T
| $32.3M | 0.96% |
91,390
+7,477
| +9% | +$2.43M |
2019 Q4
16 quarters
|
|
11
Mastercard
MA
$574B
| $28.7M | 0.85% |
67,394
+3,198
| +5% | +$1.28M |
2019 Q4
16 quarters
|
|
12
Broadcom
AVGO
$1.59T
| $27M | 0.8% |
242,180
+21,350
| +10% | +$2.02M |
2019 Q4
16 quarters
|
|
13
Merck
MRK
$364B
| $26.1M | 0.77% |
239,237
+14,261
| +6% | +$1.48M |
2019 Q4
16 quarters
|
|
14
Tesla
TSLA
$1.49T
| $25.9M | 0.77% |
104,240
+1,394
| +1% | +$331K |
2020 Q2
14 quarters
|
|
15
Cisco
CSCO
$389B
| $24.6M | 0.73% |
486,034
+25,174
| +5% | +$1.29M |
2019 Q4
16 quarters
|
|
16
Home Depot
HD
$350B
| $24.5M | 0.73% |
70,759
+4,674
| +7% | +$1.45M |
2019 Q4
16 quarters
|
|
17
Adobe
ADBE
$91.5B
| $23.3M | 0.69% |
39,128
+2,438
| +7% | +$1.41M |
2019 Q4
16 quarters
|
|
18
IBM
IBM
$230B
| $20.7M | 0.61% |
126,504
+7,479
| +6% | +$1.13M |
2019 Q4
16 quarters
|
|
19
Intel
INTC
$308B
| $20.6M | 0.61% |
409,467
+42,239
| +12% | +$1.72M |
2019 Q4
16 quarters
|
|
20
Salesforce
CRM
$175B
| $20.4M | 0.6% |
77,619
+5,480
| +8% | +$1.24M |
2019 Q4
16 quarters
|
|
21
Accenture
ACN
$153B
| $20.2M | 0.6% |
57,554
+2,445
| +4% | +$788K |
2019 Q4
16 quarters
|
|
22
Applied Materials
AMAT
$295B
| $17.5M | 0.52% |
107,915
+9,906
| +10% | +$1.46M |
2019 Q4
16 quarters
|
|
23
Thermo Fisher Scientific
TMO
$266B
| $17.3M | 0.51% |
32,545
+2,671
| +9% | +$1.29M |
2019 Q4
16 quarters
|
|
24
Novo Nordisk
NVO
$179B
| $17.2M | 0.51% |
166,373
+7,556
| +5% | +$747K |
2019 Q4
16 quarters
|
|
25
Netflix
NFLX
$258B
| $16.8M | 0.5% |
344,230
+15,930
| +5% | +$695K |
2019 Q4
16 quarters
|
|
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Ethic Inc's Q4 2023 Portfolio in Review
As of Q4 2023, Ethic Inc held 1,116 positions worth $3.38B, up 19% from $2.85B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Ethic Inc deployed $185M of net new capital in Q4 2023, opening 105 new positions and adding to 621 existing holdings. Its largest new stake was Kenvue: 245,498 shares worth $5.29M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Edison International, an estimated $3.95M trimmed.
- Ethic Inc's largest Q4 2023 buy was Kenvue: 245,498 shares worth $5.29M.
- Ethic Inc added most to Halliburton in Q4 2023, an estimated $5.9M increase.
- Ethic Inc's biggest Q4 2023 reduction was Edison International, cutting an estimated $3.95M.
- Ethic Inc fully exited Activision Blizzard in Q4 2023, selling an estimated $5.58M.
- Ethic Inc's ten largest holdings make up 23% of its $3.38B portfolio in Q4 2023.
- Ethic Inc opened 105 new positions and closed 68 in Q4 2023.
- Ethic Inc's portfolio value rose 19% quarter-over-quarter to $3.38B.
Based on Ethic Inc's 13F filing for Q4 2023, filed 14 Feb 2024.