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
|
+$229M |
| 2 |
NVIDIA
NVDA
|
+$39.1M |
| 3 |
Apple
AAPL
|
+$35.4M |
| 4 |
Microsoft
MSFT
|
+$31.4M |
| 5 |
Broadcom
AVGO
|
+$17.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$200M |
| 2 |
Vanguard Emerging Markets Ex-China ETF
VEXC
|
+$14.8M |
| 3 |
IES Holdings
IESC
|
+$13.7M |
| 4 |
TCW Transform 500 ETF
VOTE
|
+$13M |
| 5 |
iShares ESG Aware MSCI EAFE ETF
ESGD
|
+$6.21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.77% |
| 2 | Financials | 13.69% |
| 3 | Communication Services | 9.75% |
| 4 | Industrials | 9.39% |
| 5 | Healthcare | 8.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$4.99T
| $528M | 6.58% |
2,636,691
+190,274
| +8% | +$39.1M |
2019 Q4
26 quarters
|
|
|
2
Apple
AAPL
$4.84T
| $468M | 5.83% |
1,616,480
+123,835
| +8% | +$35.4M |
2019 Q4
26 quarters
|
|
|
3
Microsoft
MSFT
$3.87T
| $295M | 3.68% |
790,780
+77,633
| +11% | +$31.4M |
2019 Q4
26 quarters
|
|
|
4
Alphabet (Google) Class A
GOOGL
$3.44T
| $227M | 2.84% |
+636,505
| New | +$229M |
2026 Q2
0 quarters
|
|
|
5
Alphabet (Google) Class C
GOOG
$3.42T
| $216M | 2.69% |
611,565
-560,503
| -48% | -$200M |
2019 Q4
26 quarters
|
|
6
Amazon
AMZN
$2.71T
| $204M | 2.54% |
855,892
+69,725
| +9% | +$17.5M |
2019 Q4
26 quarters
|
|
7
Micron Technology
MU
$967B
| $153M | 1.91% |
132,569
+6,867
| +5% | +$5.15M |
2019 Q4
26 quarters
|
|
|
8
Broadcom
AVGO
$1.59T
| $153M | 1.9% |
403,872
+44,720
| +12% | +$17.9M |
2019 Q4
26 quarters
|
|
9
Eli Lilly
LLY
$1.26T
| $109M | 1.36% |
90,920
+6,386
| +8% | +$6.52M |
2019 Q4
26 quarters
|
|
10
Advanced Micro Devices
AMD
$790B
| $100M | 1.25% |
172,870
+12,737
| +8% | +$5.22M |
2020 Q1
25 quarters
|
|
11
Meta Platforms (Facebook)
META
$1.62T
| $95.3M | 1.19% |
169,248
+8,752
| +5% | +$5.35M |
2019 Q4
26 quarters
|
|
12
Applied Materials
AMAT
$303B
| $82.7M | 1.03% |
114,400
+6,083
| +6% | +$2.81M |
2019 Q4
26 quarters
|
|
13
Tesla
TSLA
$1.58T
| $81.9M | 1.02% |
194,777
+16,396
| +9% | +$6.52M |
2020 Q2
24 quarters
|
|
14
Lam Research
LRCX
$289B
| $75.1M | 0.94% |
173,312
+1,389
| +0.8% | +$422K |
2020 Q2
24 quarters
|
|
15
Visa
V
$786B
| $70.6M | 0.88% |
205,832
+19,033
| +10% | +$6.11M |
2019 Q4
26 quarters
|
|
16
Intel
INTC
$322B
| $69.5M | 0.87% |
498,001
+27,839
| +6% | +$2.82M |
2019 Q4
26 quarters
|
|
17
Cisco
CSCO
$406B
| $64.3M | 0.8% |
547,697
+28,714
| +6% | +$3M |
2019 Q4
26 quarters
|
|
18
Caterpillar
CAT
$287B
| $63.9M | 0.8% |
59,981
+3,826
| +7% | +$3.36M |
2019 Q4
26 quarters
|
|
19
KLA
KLAC
$204B
| $53.1M | 0.66% |
176,055
+6,025
| +4% | +$1.2M |
2021 Q3
19 quarters
|
|
20
Goldman Sachs
GS
$261B
| $52.1M | 0.65% |
51,488
+1,422
| +3% | +$1.39M |
2019 Q4
26 quarters
|
|
21
Mastercard
MA
$564B
| $49.5M | 0.62% |
96,299
+5,421
| +6% | +$2.7M |
2019 Q4
26 quarters
|
|
22
TSMC
TSM
$2.1T
| $48M | 0.6% |
100,553
+14,569
| +17% | +$5.91M |
2019 Q4
26 quarters
|
|
23
Merck
MRK
$357B
| $46M | 0.57% |
358,041
+31,744
| +10% | +$3.72M |
2019 Q4
26 quarters
|
|
24
UnitedHealth
UNH
$363B
| $43.6M | 0.54% |
104,863
+11,652
| +13% | +$4.32M |
2019 Q4
26 quarters
|
|
25
ASML
ASML
$598B
| $42.4M | 0.53% |
21,320
+1,392
| +7% | +$2.22M |
2019 Q4
26 quarters
|
|
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Ethic Inc's Q2 2026 Portfolio in Review
As of Q2 2026, Ethic Inc held 1,454 positions worth $8.02B, up 26% from $6.39B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Ethic Inc deployed $552M of net new capital in Q2 2026, opening 219 new positions and adding to 729 existing holdings. Its largest new stake was Alphabet (Google) Class A: 636,505 shares worth $227M.
By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 33% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $200M trimmed.
- Ethic Inc's largest Q2 2026 buy was Alphabet (Google) Class A: 636,505 shares worth $227M.
- Ethic Inc added most to NVIDIA in Q2 2026, an estimated $39.1M increase.
- Ethic Inc's biggest Q2 2026 reduction was Alphabet (Google) Class C, cutting an estimated $200M.
- Ethic Inc fully exited Vanguard Emerging Markets Ex-China ETF in Q2 2026, selling an estimated $14.8M.
- Ethic Inc's ten largest holdings make up 31% of its $8.02B portfolio in Q2 2026.
- Ethic Inc opened 219 new positions and closed 96 in Q2 2026.
- Ethic Inc's portfolio value rose 26% quarter-over-quarter to $8.02B.
Based on Ethic Inc's 13F filing for Q2 2026, filed 29 Jul 2026.