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% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
251
Phillips 66
PSX
$103B
| $18.1M | 0.05% |
71,393
+3,004
| +4% | +$686K |
2023 Q4
11 quarters
|
|
252
iShares Core Dividend Growth ETF
DGRO
$46B
| $17.9M | 0.05% |
237,653
+42,108
| +22% | +$3.29M |
2023 Q4
11 quarters
|
|
253
ING
ING
$94.2B
| $17.8M | 0.05% |
501,625
+1,559
| +0.3% | +$54.4K |
2023 Q4
11 quarters
|
|
254
Avantis US Large Cap Value ETF
AVLV
$23.5B
| $17.7M | 0.05% |
195,926
+9,830
| +5% | +$912K |
2023 Q4
11 quarters
|
|
255
Snowflake
SNOW
$103B
| $17.5M | 0.05% |
51,457
-4,315
| -8% | -$1.33M |
2023 Q4
11 quarters
|
|
256
Cloudflare
NET
$110B
| $17.3M | 0.05% |
51,006
+1,748
| +4% | +$518K |
2023 Q4
11 quarters
|
|
257
U.S. Targeted Value Portfolio ETF Class Shares
DFAT
$14.4B
| $17.2M | 0.05% |
258,174
-14,856
| -5% | -$1.05M |
2023 Q4
11 quarters
|
|
258
Barclays
BCS
$76B
| $17M | 0.05% |
699,680
-56,359
| -7% | -$1.52M |
2023 Q4
11 quarters
|
|
259
Parker-Hannifin
PH
$121B
| $16.9M | 0.05% |
17,941
+1,009
| +6% | +$990K |
2023 Q4
11 quarters
|
|
260
Devon Energy
DVN
$53.1B
| $16.9M | 0.05% |
368,488
+887
| +0.2% | +$40.7K |
2023 Q4
11 quarters
|
|
261
Illumina
ILMN
$31.3B
| $16.9M | 0.05% |
61,739
-11,739
| -16% | -$2.47M |
2023 Q4
11 quarters
|
|
262
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF
SPYX
$2.79B
| $16.9M | 0.05% |
269,933
| – | – |
2023 Q4
11 quarters
|
|
263
ServiceNow
NOW
$106B
| $16.8M | 0.05% |
125,986
+1,222
| +1% | +$150K |
2023 Q4
11 quarters
|
|
264
Johnson Controls International
JCI
$83.6B
| $16.8M | 0.05% |
101,792
+28,250
| +38% | +$4.09M |
2023 Q4
11 quarters
|
|
265
Plains All American Pipeline
PAA
$17.3B
| $16.6M | 0.05% |
701,185
+338
| +0% | +$8.23K |
2023 Q4
11 quarters
|
|
266
Ross Stores
ROST
$74B
| $16.5M | 0.05% |
70,513
+3,411
| +5% | +$800K |
2023 Q4
11 quarters
|
|
267
Datadog
DDOG
$66.5B
| $16.4M | 0.05% |
60,177
-4,491
| -7% | -$1.11M |
2023 Q4
11 quarters
|
|
268
Calamos Global Dynamic Income Fund
CHW
$476M
| $16.4M | 0.05% |
2,037,416
-124,778
| -6% | -$1.06M |
2025 Q3
4 quarters
|
|
269
CVS Health
CVS
$114B
| $16.4M | 0.05% |
192,159
+10,883
| +6% | +$1.07M |
2023 Q4
11 quarters
|
|
270
Cigna
CI
$78.3B
| $16.3M | 0.05% |
59,984
+6,009
| +11% | +$1.69M |
2023 Q4
11 quarters
|
|
271
AllianceBernstein Global High Income Fund
AWF
$827M
| $16.3M | 0.05% |
1,675,494
+93,577
| +6% | +$943K |
2026 Q1
2 quarters
|
|
272
Vanguard S&P Small-Cap 600 Value ETF
VIOV
$1.84B
| $16.3M | 0.04% |
147,736
+80,746
| +121% | +$9.41M |
2025 Q2
5 quarters
|
|
273
iShares ESG Aware US Aggregate Bond ETF
EAGG
$5.05B
| $16.2M | 0.04% |
357,701
+26,033
| +8% | +$1.21M |
2023 Q4
11 quarters
|
|
274
Banco Santander
SAN
$176B
| $16.2M | 0.04% |
1,169,904
+209,268
| +22% | +$2.99M |
2023 Q4
11 quarters
|
|
275
Samsara
IOT
$24.2B
| $16.1M | 0.04% |
421,376
-27,734
| -6% | -$1.06M |
2024 Q2
9 quarters
|
|
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.