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 C
GOOG
|
+$191M |
| 2 |
Vanguard Emerging Markets Ex-China ETF
VEXC
|
+$11.1M |
| 3 |
IES Holdings
IESC
|
+$9.9M |
| 4 |
NVIDIA
NVDA
|
+$6.76M |
| 5 |
iShares ESG Aware MSCI EAFE ETF
ESGD
|
+$6.69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$186M |
| 2 |
Uber
UBER
|
+$18.6M |
| 3 |
Valero Energy
VLO
|
+$5.85M |
| 4 |
McCormick & Company Non-Voting
MKC
|
+$4.85M |
| 5 |
Norfolk Southern
NSC
|
+$4.29M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.51% |
| 2 | Financials | 14.29% |
| 3 | Communication Services | 10.6% |
| 4 | Industrials | 9.43% |
| 5 | Healthcare | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$4.01T
| $427M | 6.68% |
2,446,417
+36,864
| +2% | +$6.76M |
2019 Q4
25 quarters
|
|
2
Apple
AAPL
$5.16T
| $379M | 5.93% |
1,492,645
+20,644
| +1% | +$5.37M |
2019 Q4
25 quarters
|
|
|
3
Alphabet (Google) Class C
GOOG
$3.63T
| $337M | 5.27% |
1,172,068
+606,773
| +107% | +$191M |
2019 Q4
25 quarters
|
|
4
Microsoft
MSFT
$3.88T
| $264M | 4.13% |
713,147
+9,782
| +1% | +$4.09M |
2019 Q4
25 quarters
|
|
5
Amazon
AMZN
$2.89T
| $164M | 2.56% |
786,167
+19,199
| +3% | +$4.23M |
2019 Q4
25 quarters
|
|
6
Broadcom
AVGO
$1.74T
| $111M | 1.74% |
359,152
+1,551
| +0.4% | +$510K |
2019 Q4
25 quarters
|
|
7
Meta Platforms (Facebook)
META
$1.59T
| $91.8M | 1.44% |
160,496
+2,862
| +2% | +$1.83M |
2019 Q4
25 quarters
|
|
8
Eli Lilly
LLY
$1.27T
| $77.8M | 1.22% |
84,534
+2,868
| +4% | +$2.91M |
2019 Q4
25 quarters
|
|
9
Tesla
TSLA
$1.57T
| $66.3M | 1.04% |
178,381
+6,377
| +4% | +$2.63M |
2020 Q2
23 quarters
|
|
10
Visa
V
$784B
| $56.5M | 0.88% |
186,799
+5,297
| +3% | +$1.7M |
2019 Q4
25 quarters
|
|
11
Netflix
NFLX
$257B
| $49.1M | 0.77% |
510,430
+25,065
| +5% | +$2.21M |
2019 Q4
25 quarters
|
|
12
Mastercard
MA
$569B
| $45.4M | 0.71% |
90,878
+1,562
| +2% | +$823K |
2019 Q4
25 quarters
|
|
13
Micron Technology
MU
$903B
| $42.5M | 0.67% |
125,702
-4,342
| -3% | -$1.7M |
2019 Q4
25 quarters
|
|
14
Goldman Sachs
GS
$264B
| $42.4M | 0.66% |
50,066
+1,399
| +3% | +$1.25M |
2019 Q4
25 quarters
|
|
15
Cisco
CSCO
$402B
| $40.3M | 0.63% |
518,983
+15,064
| +3% | +$1.18M |
2019 Q4
25 quarters
|
|
16
Caterpillar
CAT
$277B
| $39.8M | 0.62% |
56,155
-3,051
| -5% | -$2.11M |
2019 Q4
25 quarters
|
|
17
Merck
MRK
$362B
| $39.3M | 0.61% |
326,297
+8,152
| +3% | +$941K |
2019 Q4
25 quarters
|
|
18
Applied Materials
AMAT
$302B
| $37M | 0.58% |
108,317
-4,550
| -4% | -$1.53M |
2019 Q4
25 quarters
|
|
19
Lam Research
LRCX
$293B
| $36.7M | 0.58% |
171,923
-11,613
| -6% | -$2.6M |
2020 Q2
23 quarters
|
|
20
Home Depot
HD
$347B
| $33.2M | 0.52% |
100,997
-3,250
| -3% | -$1.18M |
2019 Q4
25 quarters
|
|
21
Morgan Stanley
MS
$296B
| $32.8M | 0.51% |
199,266
+2,367
| +1% | +$410K |
2019 Q4
25 quarters
|
|
22
Advanced Micro Devices
AMD
$960B
| $32.6M | 0.51% |
160,133
+6,999
| +5% | +$1.49M |
2020 Q1
24 quarters
|
|
23
Oracle
ORCL
$396B
| $31.6M | 0.5% |
214,855
+5,561
| +3% | +$904K |
2019 Q4
25 quarters
|
|
24
IBM
IBM
$231B
| $30.7M | 0.48% |
126,485
+323
| +0.3% | +$87.4K |
2019 Q4
25 quarters
|
|
25
AT&T
T
$149B
| $30.1M | 0.47% |
1,036,952
-15,591
| -1% | -$416K |
2019 Q4
25 quarters
|
|
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Ethic Inc's Q1 2026 Portfolio in Review
As of Q1 2026, Ethic Inc held 1,339 positions worth $6.39B, down 1.8% from $6.5B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Ethic Inc's Q1 2026 filing shows 129 new, 633 increased, 467 reduced and 104 closed positions. Its largest new stake was Vanguard Emerging Markets Ex-China ETF: 131,998 shares worth $14.8M. The largest sale was Alphabet (Google) Class A, an estimated $186M.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 35% a quarter earlier, followed by Financials and Communication Services.
- Ethic Inc's largest Q1 2026 buy was Vanguard Emerging Markets Ex-China ETF: 131,998 shares worth $14.8M.
- Ethic Inc added most to Alphabet (Google) Class C in Q1 2026, an estimated $191M increase.
- Ethic Inc's biggest Q1 2026 reduction was Valero Energy, cutting an estimated $5.85M.
- Ethic Inc fully exited Alphabet (Google) Class A in Q1 2026, selling an estimated $186M.
- Ethic Inc's ten largest holdings make up 31% of its $6.39B portfolio in Q1 2026.
- Ethic Inc opened 129 new positions and closed 104 in Q1 2026.
- Ethic Inc's portfolio value fell 1.8% quarter-over-quarter to $6.39B.
Based on Ethic Inc's 13F filing for Q1 2026, filed 27 Apr 2026.