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 |
Medtronic
MDT
|
+$7.72M |
| 2 |
SiriusXM
SIRI
|
+$4.74M |
| 3 |
Corteva
CTVA
|
+$2.65M |
| 4 |
Equifax
EFX
|
+$2.6M |
| 5 |
TechnipFMC
FTI
|
+$1.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$198M |
| 2 |
Broadcom
AVGO
|
+$39.3M |
| 3 |
Apple
AAPL
|
+$22.1M |
| 4 |
Microsoft
MSFT
|
+$13.9M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$8.21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.68% |
| 2 | Financials | 14.35% |
| 3 | Healthcare | 12.94% |
| 4 | Consumer Discretionary | 9.6% |
| 5 | Industrials | 8.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$4.13T
| $215M | 5.43% |
510,501
-32,449
| -6% | -$13.9M |
2019 Q4
19 quarters
|
|
|
2
Apple
AAPL
$5.1T
| $174M | 4.4% |
1,015,842
-99,162
| -9% | -$22.1M |
2019 Q4
19 quarters
|
|
|
3
NVIDIA
NVDA
$4.83T
| $158M | 4% |
175,017
-1,678,339
| -91% | -$198M |
2019 Q4
19 quarters
|
|
4
Amazon
AMZN
$2.88T
| $103M | 2.6% |
571,434
-25,418
| -4% | -$4.64M |
2019 Q4
19 quarters
|
|
5
Alphabet (Google) Class A
GOOGL
$3.55T
| $77.9M | 1.97% |
515,874
-12,562
| -2% | -$2.11M |
2019 Q4
19 quarters
|
|
6
Alphabet (Google) Class C
GOOG
$3.53T
| $54.7M | 1.38% |
359,409
-19,012
| -5% | -$3.22M |
2019 Q4
19 quarters
|
|
7
Eli Lilly
LLY
$1.26T
| $54.3M | 1.37% |
69,767
-4,336
| -6% | -$3.9M |
2019 Q4
19 quarters
|
|
8
Meta Platforms (Facebook)
META
$1.61T
| $48.3M | 1.22% |
99,499
-8,927
| -8% | -$4.59M |
2019 Q4
19 quarters
|
|
9
Visa
V
$816B
| $38.2M | 0.97% |
137,044
-12,177
| -8% | -$3.29M |
2019 Q4
19 quarters
|
|
10
UnitedHealth
UNH
$367B
| $38.1M | 0.96% |
77,023
-1,592
| -2% | -$900K |
2019 Q4
19 quarters
|
|
11
Mastercard
MA
$586B
| $35.7M | 0.9% |
74,186
-4,551
| -6% | -$2.12M |
2019 Q4
19 quarters
|
|
12
Merck
MRK
$371B
| $34.5M | 0.87% |
261,741
-19,938
| -7% | -$2.37M |
2019 Q4
19 quarters
|
|
|
13
Broadcom
AVGO
$1.55T
| $34.1M | 0.86% |
25,758
-245,352
| -90% | -$39.3M |
2019 Q4
19 quarters
|
|
14
Home Depot
HD
$355B
| $31.1M | 0.79% |
81,038
-3,538
| -4% | -$1.29M |
2019 Q4
19 quarters
|
|
15
Salesforce
CRM
$187B
| $25.2M | 0.64% |
83,583
-4,842
| -5% | -$1.24M |
2019 Q4
19 quarters
|
|
16
Netflix
NFLX
$276B
| $22.3M | 0.56% |
367,630
-18,600
| -5% | -$1.24M |
2019 Q4
19 quarters
|
|
17
Accenture
ACN
$162B
| $22.1M | 0.56% |
63,706
-1,048
| -2% | -$345K |
2019 Q4
19 quarters
|
|
18
IBM
IBM
$240B
| $21.8M | 0.55% |
114,082
-12,475
| -10% | -$2.45M |
2019 Q4
19 quarters
|
|
19
Walt Disney
DIS
$205B
| $21.6M | 0.55% |
176,771
+731
| +0.4% | +$67.3K |
2019 Q4
19 quarters
|
|
20
Novo Nordisk
NVO
$186B
| $21.5M | 0.54% |
167,817
-13,677
| -8% | -$1.82M |
2019 Q4
19 quarters
|
|
21
Thermo Fisher Scientific
TMO
$262B
| $21.5M | 0.54% |
36,936
-1,875
| -5% | -$1.11M |
2019 Q4
19 quarters
|
|
22
Cisco
CSCO
$408B
| $21.2M | 0.54% |
425,640
+30,754
| +8% | +$1.5M |
2019 Q4
19 quarters
|
|
23
Applied Materials
AMAT
$293B
| $20.6M | 0.52% |
100,047
-3,493
| -3% | -$716K |
2019 Q4
19 quarters
|
|
24
Adobe
ADBE
$96.7B
| $20.6M | 0.52% |
40,877
-2,418
| -6% | -$1.33M |
2019 Q4
19 quarters
|
|
25
Oracle
ORCL
$375B
| $20.1M | 0.51% |
160,054
-8,638
| -5% | -$1.25M |
2019 Q4
19 quarters
|
|
Similar funds
Ethic Inc's Q3 2024 Portfolio in Review
As of Q3 2024, Ethic Inc held 1,191 positions worth $3.96B, down 7.2% from $4.26B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Ethic Inc withdrew a net $462M in Q3 2024, closing 110 positions and reducing 631 holdings. Its most notable exit was Owens Corning, an estimated $1.38M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 33% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Ethic Inc opened a new position in TechnipFMC worth $1.8M.
- Ethic Inc's largest Q3 2024 buy was TechnipFMC: 71,876 shares worth $1.8M.
- Ethic Inc added most to Medtronic in Q3 2024, an estimated $7.72M increase.
- Ethic Inc's biggest Q3 2024 reduction was NVIDIA, cutting an estimated $198M.
- Ethic Inc fully exited Owens Corning in Q3 2024, selling an estimated $1.38M.
- Ethic Inc's ten largest holdings make up 24% of its $3.96B portfolio in Q3 2024.
- Ethic Inc opened 61 new positions and closed 110 in Q3 2024.
- Ethic Inc's portfolio value fell 7.2% quarter-over-quarter to $3.96B.
Based on Ethic Inc's 13F filing for Q3 2024, filed 13 Nov 2024.