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 | |
|---|---|---|---|---|---|---|---|
151
AllianceBernstein National Municipal Income Fund
AFB
$298M
| $32.9M | 0.1% |
2,883,076
-205,316
| -7% | -$2.28M |
2023 Q4
10 quarters
|
|
152
Marsh
MRSH
$95.4B
| $32.8M | 0.1% |
196,761
-3,584
| -2% | -$599K |
2023 Q4
10 quarters
|
|
153
Vanguard Russell 1000 ETF
VONE
$8.87B
| $32.7M | 0.1% |
96,431
+28,946
| +43% | +$9.49M |
2023 Q4
10 quarters
|
|
154
iShares MSCI EAFE Small-Cap ETF
SCZ
$12.8B
| $31.8M | 0.09% |
386,423
+234,153
| +154% | +$19.6M |
2023 Q4
10 quarters
|
|
155
Avantis US Small Cap Value ETF
AVUV
$32.1B
| $31.1M | 0.09% |
249,625
+7,890
| +3% | +$941K |
2023 Q4
10 quarters
|
|
156
Abbott
ABT
$184B
| $31.1M | 0.09% |
342,369
+78,790
| +30% | +$7.19M |
2023 Q4
10 quarters
|
|
157
Janus Henderson B-BBB CLO ETF
JBBB
$1.49B
| $30.9M | 0.09% |
652,875
+2,727
| +0.4% | +$129K |
2024 Q2
8 quarters
|
|
158
DoorDash
DASH
$77.6B
| $30.9M | 0.09% |
167,352
+25,986
| +18% | +$4.29M |
2023 Q4
10 quarters
|
|
159
Union Pacific
UNP
$181B
| $30.8M | 0.09% |
113,113
-9,795
| -8% | -$2.57M |
2023 Q4
10 quarters
|
|
160
Progressive
PGR
$134B
| $30.7M | 0.09% |
140,364
-18,996
| -12% | -$3.83M |
2023 Q4
10 quarters
|
|
161
Aberdeen Municipal Income Fund
MFM
$214M
| $30.4M | 0.09% |
5,415,646
+589,801
| +12% | +$3.2M |
2023 Q4
10 quarters
|
|
162
PepsiCo
PEP
$187B
| $30.3M | 0.09% |
223,055
+9,808
| +5% | +$1.47M |
2023 Q4
10 quarters
|
|
163
Lowe's Companies
LOW
$117B
| $29.3M | 0.09% |
132,277
-255
| -0.2% | -$57.9K |
2023 Q4
10 quarters
|
|
164
iShares Gold Trust
IAU
$57.5B
| $28.8M | 0.08% |
380,803
+241,094
| +173% | +$20.5M |
2023 Q4
10 quarters
|
|
165
iShares S&P 500 Value ETF
IVE
$50.7B
| $28.4M | 0.08% |
125,271
+9,210
| +8% | +$2.06M |
2023 Q4
10 quarters
|
|
166
Cadence Design Systems
CDNS
$90B
| $28.2M | 0.08% |
74,493
+12,152
| +19% | +$4.26M |
2023 Q4
10 quarters
|
|
167
Invesco FTSE RAFI US 1000 ETF
PRF
$10.1B
| $28M | 0.08% |
518,814
-15,391
| -3% | -$801K |
2023 Q4
10 quarters
|
|
168
Schwab US Dividend Equity ETF
SCHD
$120B
| $27.9M | 0.08% |
878,572
+1,337
| +0.2% | +$42.4K |
2023 Q4
10 quarters
|
|
169
Comcast
CMCSA
$82.5B
| $27.6M | 0.08% |
1,125,924
-98,968
| -8% | -$2.55M |
2023 Q4
10 quarters
|
|
170
Analog Devices
ADI
$202B
| $26.8M | 0.08% |
67,218
+1,261
| +2% | +$499K |
2023 Q4
10 quarters
|
|
171
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.9B
| $26.4M | 0.08% |
562,991
+52,732
| +10% | +$2.47M |
2023 Q4
10 quarters
|
|
172
Citigroup
C
$203B
| $26.2M | 0.08% |
186,523
+10,728
| +6% | +$1.4M |
2023 Q4
10 quarters
|
|
173
Quanta Services
PWR
$93.5B
| $25.9M | 0.08% |
35,675
+306
| +0.9% | +$209K |
2023 Q4
10 quarters
|
|
174
Boeing
BA
$136B
| $25.8M | 0.08% |
118,807
+2,544
| +2% | +$566K |
2023 Q4
10 quarters
|
|
175
iShares MSCI ACWI ex US ETF
ACWX
$17.6B
| $25.5M | 0.07% |
335,085
+247,842
| +284% | +$18.4M |
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.