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
|
+$21.6M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$12.1M |
| 3 |
Amazon
AMZN
|
+$9.7M |
| 4 |
Apple
AAPL
|
+$9.34M |
| 5 |
Johnson & Johnson
JNJ
|
+$9.15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coca-Cola Europacific Partners
CCEP
|
+$5.54M |
| 2 |
Diamondback Energy
FANG
|
+$3.2M |
| 3 |
Sony
SONY
|
+$3.17M |
| 4 |
Copa Holdings
CPA
|
+$3.14M |
| 5 |
Cisco
CSCO
|
+$3.01M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.68% |
| 2 | Financials | 14.32% |
| 3 | Healthcare | 12.93% |
| 4 | Consumer Discretionary | 9.6% |
| 5 | Industrials | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.89T
| $215M | 5.43% |
510,501
+53,469
| +12% | +$21.6M |
2019 Q4
17 quarters
|
|
|
2
Apple
AAPL
$5.18T
| $174M | 4.4% |
1,015,842
+51,393
| +5% | +$9.34M |
2019 Q4
17 quarters
|
|
3
NVIDIA
NVDA
$3.93T
| $158M | 4% |
1,750,170
+115,060
| +7% | +$8.34M |
2019 Q4
17 quarters
|
|
|
4
Amazon
AMZN
$2.88T
| $103M | 2.6% |
571,434
+58,369
| +11% | +$9.7M |
2019 Q4
17 quarters
|
|
|
5
Alphabet (Google) Class A
GOOGL
$3.64T
| $77.9M | 1.97% |
515,874
+84,574
| +20% | +$12.1M |
2019 Q4
17 quarters
|
|
6
Alphabet (Google) Class C
GOOG
$3.6T
| $54.7M | 1.38% |
359,409
-7,270
| -2% | -$1.05M |
2019 Q4
17 quarters
|
|
7
Eli Lilly
LLY
$1.29T
| $54.3M | 1.37% |
69,767
+7,255
| +12% | +$5.16M |
2019 Q4
17 quarters
|
|
8
Meta Platforms (Facebook)
META
$1.64T
| $48.3M | 1.22% |
99,499
+8,109
| +9% | +$3.62M |
2019 Q4
17 quarters
|
|
9
Visa
V
$794B
| $38.2M | 0.97% |
137,044
+11,556
| +9% | +$3.19M |
2019 Q4
17 quarters
|
|
10
UnitedHealth
UNH
$365B
| $38.1M | 0.96% |
77,023
+4,627
| +6% | +$2.35M |
2019 Q4
17 quarters
|
|
11
Mastercard
MA
$576B
| $35.7M | 0.9% |
74,186
+6,792
| +10% | +$3.1M |
2019 Q4
17 quarters
|
|
12
Merck
MRK
$364B
| $34.5M | 0.87% |
261,741
+22,504
| +9% | +$2.77M |
2019 Q4
17 quarters
|
|
13
Broadcom
AVGO
$1.66T
| $34.1M | 0.86% |
257,580
+15,400
| +6% | +$1.91M |
2019 Q4
17 quarters
|
|
14
Home Depot
HD
$348B
| $31.1M | 0.79% |
81,038
+10,279
| +15% | +$3.76M |
2019 Q4
17 quarters
|
|
15
Salesforce
CRM
$179B
| $25.2M | 0.64% |
83,583
+5,964
| +8% | +$1.72M |
2019 Q4
17 quarters
|
|
16
Netflix
NFLX
$255B
| $22.3M | 0.56% |
367,630
+23,400
| +7% | +$1.32M |
2019 Q4
17 quarters
|
|
17
Accenture
ACN
$148B
| $22.1M | 0.56% |
63,706
+6,152
| +11% | +$2.24M |
2019 Q4
17 quarters
|
|
18
IBM
IBM
$234B
| $21.8M | 0.55% |
114,082
-12,422
| -10% | -$2.27M |
2019 Q4
17 quarters
|
|
19
Walt Disney
DIS
$205B
| $21.6M | 0.55% |
176,771
+20,794
| +13% | +$2.17M |
2019 Q4
17 quarters
|
|
20
Novo Nordisk
NVO
$184B
| $21.5M | 0.54% |
167,817
+1,444
| +0.9% | +$172K |
2019 Q4
17 quarters
|
|
21
Thermo Fisher Scientific
TMO
$259B
| $21.5M | 0.54% |
36,936
+4,391
| +13% | +$2.46M |
2019 Q4
17 quarters
|
|
|
22
Cisco
CSCO
$377B
| $21.2M | 0.54% |
425,640
-60,394
| -12% | -$3.01M |
2019 Q4
17 quarters
|
|
23
Applied Materials
AMAT
$294B
| $20.6M | 0.52% |
100,047
-7,868
| -7% | -$1.44M |
2019 Q4
17 quarters
|
|
24
Adobe
ADBE
$94.6B
| $20.6M | 0.52% |
40,877
+1,749
| +4% | +$1M |
2019 Q4
17 quarters
|
|
25
Oracle
ORCL
$391B
| $20.1M | 0.51% |
160,054
+35,775
| +29% | +$4.09M |
2019 Q4
17 quarters
|
|
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Ethic Inc's Q1 2024 Portfolio in Review
As of Q1 2024, Ethic Inc held 1,152 positions worth $3.96B, up 17% from $3.38B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Ethic Inc deployed $232M of net new capital in Q1 2024, opening 104 new positions and adding to 602 existing holdings. Its largest new stake was Stellantis: 74,775 shares worth $1.99M.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 30% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Coca-Cola Europacific Partners, an estimated $5.54M trimmed.
- Ethic Inc's largest Q1 2024 buy was Stellantis: 74,775 shares worth $1.99M.
- Ethic Inc added most to Microsoft in Q1 2024, an estimated $21.6M increase.
- Ethic Inc's biggest Q1 2024 reduction was Coca-Cola Europacific Partners, cutting an estimated $5.54M.
- Ethic Inc fully exited Splunk Inc in Q1 2024, selling an estimated $1.1M.
- Ethic Inc's ten largest holdings make up 24% of its $3.96B portfolio in Q1 2024.
- Ethic Inc opened 104 new positions and closed 72 in Q1 2024.
- Ethic Inc's portfolio value rose 17% quarter-over-quarter to $3.96B.
Based on Ethic Inc's 13F filing for Q1 2024, filed 13 May 2024.