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 | 4.11% |
| 5 | Industrials | 4.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1551
State Street SPDR S&P Aerospace & Defense ETF
XAR
$5.3B
| $915K | ﹤0.01% |
3,224
+10
| +0.3% | +$2.7K |
2023 Q4
10 quarters
|
|
1552
International Flavors & Fragrances
IFF
$21.1B
| $912K | ﹤0.01% |
11,505
+156
| +1% | +$11.6K |
2023 Q4
10 quarters
|
|
1553
Global X US Infrastructure Development ETF
PAVE
$13.5B
| $912K | ﹤0.01% |
+15,484
| New | +$869K |
2026 Q2
0 quarters
|
|
1554
The Greenbrier Companies
GBX
$1.3B
| $911K | ﹤0.01% |
18,580
-1,177
| -6% | -$57.9K |
2023 Q4
10 quarters
|
|
1555
Knife River
KNF
$3.35B
| $909K | ﹤0.01% |
10,868
-1,163
| -10% | -$96.1K |
2024 Q1
9 quarters
|
|
1556
DELISTED
LiveRamp
RAMP
| $909K | ﹤0.01% |
24,142
+7,717
| +47% | +$254K |
2023 Q4
10 quarters
|
|
1557
EXL Service
EXLS
$6.68B
| $907K | ﹤0.01% |
35,067
-593
| -2% | -$17.5K |
2023 Q4
10 quarters
|
|
1558
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
$1.34B
| $906K | ﹤0.01% |
41,806
| – | – |
2025 Q2
4 quarters
|
|
1559
AB Moderate Buffer ETF
BUFM
$482M
| – | – |
-22,328
| Closed | -$890K | – |
|
1560
AXS Change Finance ESG ETF
CHGX
$176M
| $902K | ﹤0.01% |
27,164
| – | – |
2025 Q2
4 quarters
|
|
1561
JPMorgan BetaBuilders Japan ETF
BBJP
$18.3B
| $902K | ﹤0.01% |
11,975
-10
| -0.1% | -$737 |
2025 Q3
3 quarters
|
|
1562
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.26B
| $902K | ﹤0.01% |
+43,094
| New | +$904K |
2026 Q2
0 quarters
|
|
1563
Jackson Financial
JXN
$8.95B
| $900K | ﹤0.01% |
8,792
-1,842
| -17% | -$200K |
2023 Q4
10 quarters
|
|
1564
Zoom
ZM
$26.5B
| $899K | ﹤0.01% |
10,420
-1,197
| -10% | -$113K |
2023 Q4
10 quarters
|
|
1565
Atlantic Union Bankshares
AUB
$5.58B
| $899K | ﹤0.01% |
21,254
+7,324
| +53% | +$280K |
2023 Q4
10 quarters
|
|
1566
Nutanix
NTNX
$16.2B
| $899K | ﹤0.01% |
17,633
+1,566
| +10% | +$70.8K |
2023 Q4
10 quarters
|
|
1567
Community Health Systems
CYH
$306M
| $896K | ﹤0.01% |
268,150
| – | – |
2023 Q4
10 quarters
|
|
1568
M/I Homes
MHO
$3.43B
| $895K | ﹤0.01% |
5,564
-1,077
| -16% | -$144K |
2023 Q4
10 quarters
|
|
1569
Vanguard Materials ETF
VAW
$3B
| $894K | ﹤0.01% |
+3,910
| New | +$907K |
2026 Q2
0 quarters
|
|
1570
MGIC Investment
MTG
$5.67B
| $894K | ﹤0.01% |
31,700
+2,090
| +7% | +$55.7K |
2023 Q4
10 quarters
|
|
1571
iShares Short Maturity Bond ETF
NEAR
$5.2B
| $894K | ﹤0.01% |
17,645
-11,057
| -39% | -$561K |
2024 Q2
8 quarters
|
|
1572
Core & Main
CNM
$8.83B
| $893K | ﹤0.01% |
18,511
-3,832
| -17% | -$189K |
2024 Q1
9 quarters
|
|
1573
Precigen
PGEN
$1.62B
| $891K | ﹤0.01% |
+156,377
| New | +$676K |
2026 Q2
0 quarters
|
|
1574
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.2B
| $890K | ﹤0.01% |
15,305
+3,010
| +24% | +$188K |
2023 Q4
10 quarters
|
|
1575
Exelixis
EXEL
$17.2B
| $890K | ﹤0.01% |
16,353
+3,610
| +28% | +$176K |
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.