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 |
NVIDIA
NVDA
|
+$22.2M |
| 2 |
Microsoft
MSFT
|
+$18.7M |
| 3 |
Apple
AAPL
|
+$18.1M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$10.5M |
| 5 |
Public Service Enterprise Group
PEG
|
+$7.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$3.18M |
| 2 |
DoorDash
DASH
|
+$2.39M |
| 3 |
United Parcel Service
UPS
|
+$1.78M |
| 4 |
Viper Energy
VNOM
|
+$1.68M |
| 5 |
Cheniere Energy
LNG
|
+$1.43M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.82% |
| 2 | Financials | 15.06% |
| 3 | Communication Services | 11.07% |
| 4 | Healthcare | 9.64% |
| 5 | Consumer Discretionary | 9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$4.26T
| $449M | 6.91% |
2,409,553
+119,370
| +5% | +$22.2M |
2019 Q4
24 quarters
|
|
|
2
Apple
AAPL
$5.15T
| $400M | 6.15% |
1,472,001
+67,596
| +5% | +$18.1M |
2019 Q4
24 quarters
|
|
|
3
Microsoft
MSFT
$3.87T
| $340M | 5.23% |
703,365
+37,390
| +6% | +$18.7M |
2019 Q4
24 quarters
|
|
|
4
Alphabet (Google) Class A
GOOGL
$3.6T
| $186M | 2.85% |
592,811
+36,618
| +7% | +$10.5M |
2019 Q4
24 quarters
|
|
5
Alphabet (Google) Class C
GOOG
$3.57T
| $177M | 2.73% |
565,295
+23,840
| +4% | +$6.83M |
2019 Q4
24 quarters
|
|
6
Amazon
AMZN
$2.88T
| $177M | 2.72% |
766,968
+19,887
| +3% | +$4.55M |
2019 Q4
24 quarters
|
|
7
Broadcom
AVGO
$1.69T
| $124M | 1.9% |
357,601
+14,018
| +4% | +$5.01M |
2019 Q4
24 quarters
|
|
8
Meta Platforms (Facebook)
META
$1.64T
| $104M | 1.6% |
157,634
+3,184
| +2% | +$2.13M |
2019 Q4
24 quarters
|
|
9
Eli Lilly
LLY
$1.27T
| $87.8M | 1.35% |
81,666
+5,758
| +8% | +$5.51M |
2019 Q4
24 quarters
|
|
10
Tesla
TSLA
$1.55T
| $77.4M | 1.19% |
172,004
+13,299
| +8% | +$5.9M |
2020 Q2
22 quarters
|
|
11
Visa
V
$789B
| $63.7M | 0.98% |
181,502
+6,965
| +4% | +$2.37M |
2019 Q4
24 quarters
|
|
12
Mastercard
MA
$570B
| $51M | 0.78% |
89,316
+3,089
| +4% | +$1.73M |
2019 Q4
24 quarters
|
|
13
Netflix
NFLX
$263B
| $45.5M | 0.7% |
485,365
+31,055
| +7% | +$3.35M |
2019 Q4
24 quarters
|
|
14
Goldman Sachs
GS
$268B
| $42.8M | 0.66% |
48,667
+467
| +1% | +$381K |
2019 Q4
24 quarters
|
|
15
Oracle
ORCL
$402B
| $40.8M | 0.63% |
209,294
+11,315
| +6% | +$2.69M |
2019 Q4
24 quarters
|
|
16
Cisco
CSCO
$401B
| $38.8M | 0.6% |
503,919
+20,450
| +4% | +$1.52M |
2019 Q4
24 quarters
|
|
17
IBM
IBM
$232B
| $37.4M | 0.57% |
126,162
+4,385
| +4% | +$1.31M |
2019 Q4
24 quarters
|
|
18
Micron Technology
MU
$929B
| $37.1M | 0.57% |
130,044
+840
| +0.7% | +$193K |
2019 Q4
24 quarters
|
|
19
Home Depot
HD
$347B
| $35.9M | 0.55% |
104,247
-1,259
| -1% | -$461K |
2019 Q4
24 quarters
|
|
20
Morgan Stanley
MS
$298B
| $35M | 0.54% |
196,899
+11,282
| +6% | +$1.88M |
2019 Q4
24 quarters
|
|
21
Caterpillar
CAT
$276B
| $33.9M | 0.52% |
59,206
+1,382
| +2% | +$768K |
2019 Q4
24 quarters
|
|
22
Merck
MRK
$359B
| $33.5M | 0.52% |
318,145
+27,079
| +9% | +$2.54M |
2019 Q4
24 quarters
|
|
23
Advanced Micro Devices
AMD
$910B
| $32.8M | 0.5% |
153,134
+9,159
| +6% | +$2.06M |
2020 Q1
23 quarters
|
|
24
Lam Research
LRCX
$300B
| $31.4M | 0.48% |
183,536
-215
| -0.1% | -$33.4K |
2020 Q2
22 quarters
|
|
25
UnitedHealth
UNH
$357B
| $31M | 0.48% |
94,010
+2,458
| +3% | +$833K |
2019 Q4
24 quarters
|
|
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Ethic Inc's Q4 2025 Portfolio in Review
As of Q4 2025, Ethic Inc held 1,284 positions worth $6.5B, up 7% from $6.08B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Ethic Inc deployed $272M of net new capital in Q4 2025, opening 92 new positions and adding to 649 existing holdings. Its largest new stake was MasTec: 5,234 shares worth $1.14M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, down from 35% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was DuPont de Nemours, an estimated $3.18M trimmed.
- Ethic Inc's largest Q4 2025 buy was MasTec: 5,234 shares worth $1.14M.
- Ethic Inc added most to NVIDIA in Q4 2025, an estimated $22.2M increase.
- Ethic Inc's biggest Q4 2025 reduction was DuPont de Nemours, cutting an estimated $3.18M.
- Ethic Inc fully exited Interpublic Group of Companies in Q4 2025, selling an estimated $1.15M.
- Ethic Inc's ten largest holdings make up 33% of its $6.5B portfolio in Q4 2025.
- Ethic Inc opened 92 new positions and closed 74 in Q4 2025.
- Ethic Inc's portfolio value rose 7% quarter-over-quarter to $6.5B.
Based on Ethic Inc's 13F filing for Q4 2025, filed 3 Feb 2026.