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 |
Alphabet (Google) Class A
GOOGL
|
+$12.1M |
| 2 |
Advanced Micro Devices
AMD
|
+$10.5M |
| 3 |
Bank of America
BAC
|
+$8.08M |
| 4 |
NVIDIA
NVDA
|
+$6.82M |
| 5 |
Intuitive Surgical
ISRG
|
+$6.62M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$13.3M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$9.8M |
| 3 |
Microsoft
MSFT
|
+$9.7M |
| 4 |
Cencora
COR
|
+$4.66M |
| 5 |
O'Reilly Automotive
ORLY
|
+$3.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.4% |
| 2 | Financials | 14.87% |
| 3 | Communication Services | 10.76% |
| 4 | Consumer Discretionary | 9.31% |
| 5 | Healthcare | 8.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$4.83T
| $427M | 7.03% |
2,290,183
+39,135
| +2% | +$6.82M |
2019 Q4
23 quarters
|
|
2
Apple
AAPL
$5.1T
| $358M | 5.88% |
1,404,405
+10,777
| +0.8% | +$2.43M |
2019 Q4
23 quarters
|
|
|
3
Microsoft
MSFT
$4.13T
| $345M | 5.68% |
665,975
-18,926
| -3% | -$9.7M |
2019 Q4
23 quarters
|
|
4
Amazon
AMZN
$2.88T
| $164M | 2.7% |
747,081
+4,210
| +0.6% | +$953K |
2019 Q4
23 quarters
|
|
|
5
Alphabet (Google) Class A
GOOGL
$3.55T
| $135M | 2.22% |
556,193
+57,871
| +12% | +$12.1M |
2019 Q4
23 quarters
|
|
|
6
Alphabet (Google) Class C
GOOG
$3.53T
| $132M | 2.17% |
541,455
-46,819
| -8% | -$9.8M |
2019 Q4
23 quarters
|
|
7
Meta Platforms (Facebook)
META
$1.64T
| $113M | 1.87% |
154,450
+1,304
| +0.9% | +$971K |
2019 Q4
23 quarters
|
|
8
Broadcom
AVGO
$1.55T
| $113M | 1.87% |
343,583
+14,244
| +4% | +$4.37M |
2019 Q4
23 quarters
|
|
9
Tesla
TSLA
$1.52T
| $70.6M | 1.16% |
158,705
+1,820
| +1% | +$631K |
2020 Q2
21 quarters
|
|
10
Visa
V
$816B
| $59.6M | 0.98% |
174,537
+2,422
| +1% | +$838K |
2019 Q4
23 quarters
|
|
11
Eli Lilly
LLY
$1.26T
| $57.9M | 0.95% |
75,908
-405
| -0.5% | -$301K |
2019 Q4
23 quarters
|
|
12
Oracle
ORCL
$375B
| $55.7M | 0.92% |
197,979
+1,407
| +0.7% | +$358K |
2019 Q4
23 quarters
|
|
13
Netflix
NFLX
$276B
| $54.5M | 0.9% |
454,310
+820
| +0.2% | +$100K |
2019 Q4
23 quarters
|
|
14
Mastercard
MA
$586B
| $49M | 0.81% |
86,227
-2,725
| -3% | -$1.56M |
2019 Q4
23 quarters
|
|
15
Home Depot
HD
$355B
| $42.8M | 0.7% |
105,506
+2,063
| +2% | +$811K |
2019 Q4
23 quarters
|
|
16
Goldman Sachs
GS
$270B
| $38.4M | 0.63% |
48,200
+44
| +0.1% | +$32.6K |
2019 Q4
23 quarters
|
|
17
IBM
IBM
$240B
| $34.4M | 0.57% |
121,777
-9,643
| -7% | -$2.52M |
2019 Q4
23 quarters
|
|
18
Cisco
CSCO
$408B
| $33.1M | 0.54% |
483,469
+6,332
| +1% | +$432K |
2019 Q4
23 quarters
|
|
19
UnitedHealth
UNH
$367B
| $31.6M | 0.52% |
91,552
+263
| +0.3% | +$79.5K |
2019 Q4
23 quarters
|
|
20
AT&T
T
$147B
| $30.8M | 0.51% |
1,091,143
-36,004
| -3% | -$1.02M |
2019 Q4
23 quarters
|
|
21
Abbott
ABT
$200B
| $30M | 0.49% |
223,658
-9,524
| -4% | -$1.25M |
2019 Q4
23 quarters
|
|
22
Morgan Stanley
MS
$304B
| $29.5M | 0.49% |
185,617
+1,235
| +0.7% | +$182K |
2019 Q4
23 quarters
|
|
23
TCW Transform 500 ETF
VOTE
$1.13B
| $28.5M | 0.47% |
363,221
+84,707
| +30% | +$6.39M |
2024 Q4
3 quarters
|
|
24
Caterpillar
CAT
$272B
| $27.6M | 0.45% |
57,824
-432
| -0.7% | -$184K |
2019 Q4
23 quarters
|
|
25
American Express
AXP
$223B
| $26.5M | 0.44% |
79,763
-562
| -0.7% | -$179K |
2019 Q4
23 quarters
|
|
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Ethic Inc's Q3 2025 Portfolio in Review
As of Q3 2025, Ethic Inc held 1,316 positions worth $6.08B, up 8.9% from $5.58B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Ethic Inc's Q3 2025 filing shows 102 new, 507 increased, 577 reduced and 124 closed positions. Its largest new stake was Viper Energy: 49,969 shares worth $1.91M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $13.3M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 35% a quarter earlier, followed by Financials and Communication Services.
- Ethic Inc's largest Q3 2025 buy was Viper Energy: 49,969 shares worth $1.91M.
- Ethic Inc added most to Alphabet (Google) Class A in Q3 2025, an estimated $12.1M increase.
- Ethic Inc's biggest Q3 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $13.3M.
- Ethic Inc fully exited Ansys in Q3 2025, selling an estimated $3.14M.
- Ethic Inc's ten largest holdings make up 32% of its $6.08B portfolio in Q3 2025.
- Ethic Inc opened 102 new positions and closed 124 in Q3 2025.
- Ethic Inc's portfolio value rose 8.9% quarter-over-quarter to $6.08B.
Based on Ethic Inc's 13F filing for Q3 2025, filed 17 Oct 2025.