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 |
Vanguard Morningstar Growth ETF
VUG
|
+$1.25B |
| 2 |
Vanguard Morningstar Value ETF
VTV
|
+$1.08B |
| 3 |
iShares Core MSCI Total International Stock ETF
IXUS
|
+$504M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$464M |
| 5 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$202M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CrowdStrike
CRWD
|
+$73.7M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$17.3M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$13.7M |
| 4 |
Microsoft
MSFT
|
+$13.2M |
| 5 |
Honeywell
HON
|
+$11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 56.92% |
| 2 | Technology | 14.03% |
| 3 | Financials | 6.88% |
| 4 | Consumer Discretionary | 4.12% |
| 5 | Industrials | 4.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
iShares Russell 2000 Growth ETF
IWO
$13.8B
| $51.4M | 0.15% |
130,483
+8,955
| +7% | +$3.27M |
2023 Q4
10 quarters
|
|
102
Procter & Gamble
PG
$374B
| $51.3M | 0.15% |
349,295
+69,778
| +25% | +$10.2M |
2023 Q4
10 quarters
|
|
103
Oracle
ORCL
$396B
| $51M | 0.15% |
346,468
+16,357
| +5% | +$2.96M |
2023 Q4
10 quarters
|
|
104
KLA
KLAC
$206B
| $51M | 0.15% |
168,620
-5,740
| -3% | -$1.14M |
2023 Q4
10 quarters
|
|
105
ASML
ASML
$604B
| $50.8M | 0.15% |
25,524
+300
| +1% | +$478K |
2023 Q4
10 quarters
|
|
106
Vanguard S&P Small-Cap 600 ETF
VIOO
$4.13B
| $50M | 0.15% |
363,428
+9,480
| +3% | +$1.2M |
2023 Q4
10 quarters
|
|
107
Vanguard Dividend Appreciation ETF
VIG
$116B
| $49.9M | 0.15% |
210,679
+13,862
| +7% | +$3.18M |
2023 Q4
10 quarters
|
|
108
Vanguard Russell 2000 Growth ETF
VTWG
$1.41B
| $49.8M | 0.14% |
172,944
+4,357
| +3% | +$1.16M |
2024 Q2
8 quarters
|
|
109
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.7B
| $48.4M | 0.14% |
923,586
+132,459
| +17% | +$6.94M |
2023 Q4
10 quarters
|
|
110
Chevron
CVX
$462B
| $48M | 0.14% |
288,864
+7,738
| +3% | +$1.44M |
2023 Q4
10 quarters
|
|
111
Corning
GLW
$106B
| $47.2M | 0.14% |
184,534
+7,852
| +4% | +$1.43M |
2023 Q4
10 quarters
|
|
112
Seagate
STX
$148B
| $46.2M | 0.13% |
47,805
+2,165
| +5% | +$1.65M |
2023 Q4
10 quarters
|
|
113
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$16.1B
| $44.4M | 0.13% |
858,390
-6,803
| -0.8% | -$348K |
2023 Q4
10 quarters
|
|
114
Dimensional International Sustainability Core 1 ETF
DFSI
$1.18B
| $44.4M | 0.13% |
984,898
+189,897
| +24% | +$8.54M |
2023 Q4
10 quarters
|
|
115
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11B
| $43.8M | 0.13% |
284,050
-65,594
| -19% | -$10.3M |
2023 Q4
10 quarters
|
|
116
BlackRock MuniHoldings Fund
MHD
$1.9B
| $43.8M | 0.13% |
3,677,624
-233,597
| -6% | -$2.73M |
2023 Q4
10 quarters
|
|
117
Uber
UBER
$133B
| $43.7M | 0.13% |
604,745
+446
| +0.1% | +$32.7K |
2023 Q4
10 quarters
|
|
118
Baillie Gifford International Concentrated Growth ETF
BGCG
| $43.1M | 0.13% |
+1,642,201
| New | +$42.3M |
2026 Q2
0 quarters
|
|
119
Dimensional International Core Equity Market ETF
DFAI
$18B
| $42M | 0.12% |
1,017,129
+261,183
| +35% | +$10.7M |
2023 Q4
10 quarters
|
|
120
Sandisk
SNDK
$166B
| $41.3M | 0.12% |
18,100
-214
| -1% | -$305K |
2025 Q1
5 quarters
|
|
121
Vanguard Russell 2000 Value ETF
VTWV
$1.32B
| $40M | 0.12% |
204,471
-6,754
| -3% | -$1.25M |
2024 Q2
8 quarters
|
|
122
iShares MSCI EAFE Growth ETF
EFG
$14.9B
| $39.3M | 0.11% |
315,793
+100,442
| +47% | +$12.1M |
2023 Q4
10 quarters
|
|
123
Dimensional National Municipal Bond ETF
DFNM
$2.26B
| $39.1M | 0.11% |
808,791
+20,548
| +3% | +$991K |
2023 Q4
10 quarters
|
|
124
Morgan Stanley
MS
$288B
| $39.1M | 0.11% |
186,589
+10,508
| +6% | +$2.08M |
2023 Q4
10 quarters
|
|
125
IBM
IBM
$244B
| $38.9M | 0.11% |
138,030
+19,471
| +16% | +$4.91M |
2023 Q4
10 quarters
|
|
Similar funds
Pathstone Holdings's Q2 2026 Portfolio in Review
As of Q2 2026, Pathstone Holdings held 2,429 positions worth $34.3B, up 37% from $25.1B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Pathstone Holdings deployed $5.75B of net new capital in Q2 2026, opening 207 new positions and adding to 1,120 existing holdings. Its largest new stake was Vanguard Total Corporate Bond ETF: 979,361 shares worth $75.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 57% of assets, up from 50% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was CrowdStrike, an estimated $73.7M trimmed.
- Pathstone Holdings's largest Q2 2026 buy was Vanguard Total Corporate Bond ETF: 979,361 shares worth $75.2M.
- Pathstone Holdings added most to Vanguard Morningstar Growth ETF in Q2 2026, an estimated $1.25B increase.
- Pathstone Holdings's biggest Q2 2026 reduction was CrowdStrike, cutting an estimated $73.7M.
- Pathstone Holdings fully exited Western Asset Emerging Markets Debt Fund in Q2 2026, selling an estimated $8.89M.
- Pathstone Holdings's ten largest holdings make up 31% of its $34.3B portfolio in Q2 2026.
- Pathstone Holdings opened 207 new positions and closed 99 in Q2 2026.
- Pathstone Holdings's portfolio value rose 37% quarter-over-quarter to $34.3B.
Based on Pathstone Holdings's 13F filing for Q2 2026, filed 13 Aug 2026.