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 | |
|---|---|---|---|---|---|---|---|
1876
VanEck Junior Gold Miners ETF
GDXJ
$7.85B
| $500K | ﹤0.01% |
5,090
+197
| +4% | +$22.8K |
2025 Q1
5 quarters
|
|
1877
DELISTED
Open Lending Corp
LPRO
| $499K | ﹤0.01% |
160,355
-4,044
| -2% | -$8.26K |
2023 Q4
10 quarters
|
|
1878
Innovator International Developed Power Buffer ETF - June
IJUN
$64.3M
| $498K | ﹤0.01% |
+15,969
| New | +$490K |
2026 Q2
0 quarters
|
|
1879
OFG Bancorp
OFG
$2.14B
| $497K | ﹤0.01% |
10,114
-450
| -4% | -$20.4K |
2025 Q2
4 quarters
|
|
1880
Amentum Holdings
AMTM
$5.66B
| $495K | ﹤0.01% |
23,947
+2,153
| +10% | +$52.1K |
2025 Q3
3 quarters
|
|
1881
Victoria's Secret
VSXY
$8.83B
| $494K | ﹤0.01% |
+5,913
| New | +$354K |
2026 Q2
0 quarters
|
|
1882
Grupo Aeroportuario del Pacifico
PAC
$14.4B
| $493K | ﹤0.01% |
1,949
-48
| -2% | -$11.8K |
2023 Q4
10 quarters
|
|
1883
EA Bridgeway Omni Small-Cap Value ETF
BSVO
$2.44B
| $493K | ﹤0.01% |
16,897
| – | – |
2023 Q4
10 quarters
|
|
1884
Skywest
SKYW
$3.19B
| $492K | ﹤0.01% |
4,952
-234
| -5% | -$20.8K |
2023 Q4
10 quarters
|
|
1885
Preferred Bank
PFBC
$1.23B
| $491K | ﹤0.01% |
4,619
-75
| -2% | -$7.2K |
2024 Q1
9 quarters
|
|
1886
Korea Electric Power
KEP
$14.4B
| $486K | ﹤0.01% |
40,162
+6,063
| +18% | +$83.8K |
2023 Q4
10 quarters
|
|
1887
Liberty Live Group Series A
LLYVA
$9.5B
| $482K | ﹤0.01% |
4,764
+488
| +11% | +$46.2K |
2025 Q2
4 quarters
|
|
1888
1st Source
SRCE
$2.12B
| $481K | ﹤0.01% |
5,900
+800
| +16% | +$59.7K |
2023 Q4
10 quarters
|
|
1889
Adaptive Biotechnologies
ADPT
$4.75B
| $479K | ﹤0.01% |
+22,458
| New | +$344K |
2026 Q2
0 quarters
|
|
1890
PagerDuty
PD
$1.22B
| $477K | ﹤0.01% |
49,495
-14,173
| -22% | -$107K |
2023 Q4
10 quarters
|
|
1891
Burke & Herbert Financial Services Corp
BHRB
$1.43B
| $476K | ﹤0.01% |
6,626
| – | – |
2025 Q2
4 quarters
|
|
1892
Napco Security Technologies
NSSC
$1.12B
| $475K | ﹤0.01% |
12,504
-1,176
| -9% | -$46.7K |
2023 Q4
10 quarters
|
|
1893
Freshworks
FRSH
$3.12B
| $473K | ﹤0.01% |
46,726
-6,545
| -12% | -$58.3K |
2024 Q1
9 quarters
|
|
1894
D-Wave Quantum Inc
QBTS
$3.98B
| $473K | ﹤0.01% |
+19,701
| New | +$432K |
2026 Q2
0 quarters
|
|
1895
Invesco S&P 500 Quality ETF
SPHQ
$18.7B
| $472K | ﹤0.01% |
5,240
+342
| +7% | +$28.4K |
2023 Q4
10 quarters
|
|
1896
Brighthouse Financial
BHF
$2.55B
| $472K | ﹤0.01% |
7,458
+3,323
| +80% | +$207K |
2023 Q4
10 quarters
|
|
1897
Dimensional Emerging Markets Core Equity 2 ETF
DFEM
$8.78B
| $471K | ﹤0.01% |
11,596
+23
| +0.2% | +$904 |
2025 Q1
5 quarters
|
|
1898
Champion Homes
SKY
$4.99B
| $471K | ﹤0.01% |
5,342
-547
| -9% | -$41.9K |
2025 Q3
3 quarters
|
|
1899
Kanzhun
BZ
$7.43B
| $469K | ﹤0.01% |
36,422
+2,586
| +8% | +$35.4K |
2024 Q4
6 quarters
|
|
1900
Nuveen NASDAQ 100 Dynamic Overwrite Fund
QQQX
$1.43B
| $466K | ﹤0.01% |
15,393
+6,396
| +71% | +$191K |
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.