Pathstone Holdings Portfolio holdings
Pathstone Holdings is the parent company of Pathstone, a privately held wealth management firm for high net worth families and institutions. Matthew Fleissig, Steve Braverman and Allan Zachariah started Pathstone in 2010 as a multi-family office owned by its partners, and Fleissig is its chief executive. Pathstone offered tax, accounting and property management as an independent firm, not part of a bank or brokerage, and it picks outside investment managers rather than selling its own products. Pathstone bought Advisor Partners, a firm that builds portfolios from an index's individual stocks, in 2022, and that business became Concentric Innovation in 2025. It also acquired Veritable LP, among the oldest multi-family offices in the US, in 2023, and merged with the wealth advisory firm Hall Capital in 2024.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVR
NVR
|
+$204M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$165M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$150M |
| 4 |
SPDR Gold Trust
GLD
|
+$141M |
| 5 |
Silicon Laboratories
SLAB
|
+$125M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Russell 1000 Growth ETF
VONG
|
+$117M |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$54.1M |
| 3 |
Vanguard Russell 2000 Growth ETF
VTWG
|
+$46.7M |
| 4 |
Baillie Gifford International Concentrated Growth ETF
BGCG
|
+$35.2M |
| 5 |
Keurig Dr Pepper
KDP
|
+$30.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 57.28% |
| 2 | Technology | 15% |
| 3 | Financials | 6.62% |
| 4 | Healthcare | 3.95% |
| 5 | Consumer Discretionary | 3.76% |
Similar funds
Pathstone Holdings's Q3 2026 Portfolio in Review
As of Q3 2026, Pathstone Holdings held 2,499 positions worth $36.2B, up 5.5% from $34.3B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Pathstone Holdings deployed $2.69B of net new capital in Q3 2026, opening 168 new positions and adding to 1,300 existing holdings. Its largest new stake was JPMorgan Active Growth ETF: 809,296 shares worth $38.3M.
By sector, the portfolio is most concentrated in Miscellaneous at 57% of assets, up from 57% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Vanguard Russell 1000 Growth ETF, an estimated $117M trimmed.
- Pathstone Holdings's largest Q3 2026 buy was JPMorgan Active Growth ETF: 809,296 shares worth $38.3M.
- Pathstone Holdings added most to NVR in Q3 2026, an estimated $204M increase.
- Pathstone Holdings's biggest Q3 2026 reduction was Vanguard Russell 1000 Growth ETF, cutting an estimated $117M.
- Pathstone Holdings fully exited abrdn National Municipal Income Fund in Q3 2026, selling an estimated $7.53M.
- Pathstone Holdings's ten largest holdings make up 31% of its $36.2B portfolio in Q3 2026.
- Pathstone Holdings opened 168 new positions and closed 110 in Q3 2026.
- Pathstone Holdings's portfolio value rose 5.5% quarter-over-quarter to $36.2B.
Based on Pathstone Holdings's 13F filing for Q3 2026, filed 13 Nov 2026.