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 | |
|---|---|---|---|---|---|---|---|
176
Dominion Energy
D
$58.6B
| $25.4M | 0.07% |
371,203
+10,973
| +3% | +$713K |
2023 Q4
10 quarters
|
|
177
Spotify
SPOT
$122B
| $25.2M | 0.07% |
54,904
+17,348
| +46% | +$8.27M |
2023 Q4
10 quarters
|
|
178
NextEra Energy
NEE
$176B
| $25.2M | 0.07% |
286,279
+2,958
| +1% | +$268K |
2023 Q4
10 quarters
|
|
179
Neuberger Municipal Fund Inc
NBH
$280M
| $24.7M | 0.07% |
2,342,220
+307,180
| +15% | +$3.17M |
2024 Q1
9 quarters
|
|
180
Nasdaq
NDAQ
$59.4B
| $24.7M | 0.07% |
313,129
-18,906
| -6% | -$1.66M |
2023 Q4
10 quarters
|
|
181
iShares Russell Mid-Cap Growth ETF
IWP
$18.5B
| $24.7M | 0.07% |
168,554
+68,392
| +68% | +$9.43M |
2023 Q4
10 quarters
|
|
182
BNY Mellon High Yield Strategies Fund
DHF
$164M
| $24.2M | 0.07% |
9,983,466
+1,136,870
| +13% | +$2.75M |
2023 Q4
10 quarters
|
|
183
Qualcomm
QCOM
$176B
| $24.1M | 0.07% |
130,365
+15,087
| +13% | +$2.82M |
2023 Q4
10 quarters
|
|
|
184
CrowdStrike
CRWD
$256B
| $24.1M | 0.07% |
126,060
-518,864
| -80% | -$73.7M |
2023 Q4
10 quarters
|
|
185
Novartis
NVS
$304B
| $24.1M | 0.07% |
153,797
+16,900
| +12% | +$2.53M |
2023 Q4
10 quarters
|
|
186
Clough Global Opportunities Fund
GLO
$234M
| $23.6M | 0.07% |
3,860,158
+51,456
| +1% | +$303K |
2025 Q3
3 quarters
|
|
187
iShares National Muni Bond ETF
MUB
$53.5B
| $23.5M | 0.07% |
218,365
+5,259
| +2% | +$562K |
2023 Q4
10 quarters
|
|
188
iShares US Real Estate ETF
IYR
$3.97B
| $23.4M | 0.07% |
228,908
-4,891
| -2% | -$496K |
2023 Q4
10 quarters
|
|
189
Shopify
SHOP
$203B
| $23.2M | 0.07% |
203,003
-30,545
| -13% | -$3.49M |
2023 Q4
10 quarters
|
|
190
Everforth Inc
EFOR
$1.57B
| $22.9M | 0.07% |
1,280,177
+77,944
| +6% | +$1.9M |
2023 Q4
10 quarters
|
|
191
Vertex Pharmaceuticals
VRTX
$142B
| $22.9M | 0.07% |
45,952
+1,690
| +4% | +$749K |
2023 Q4
10 quarters
|
|
192
Capital One
COF
$126B
| $22.8M | 0.07% |
113,408
+1,216
| +1% | +$233K |
2023 Q4
10 quarters
|
|
193
Intuitive Surgical
ISRG
$153B
| $22.6M | 0.07% |
56,403
-2,478
| -4% | -$1.08M |
2023 Q4
10 quarters
|
|
194
BNY Mellon Strategic Municipals
LEO
$371M
| $22.5M | 0.07% |
3,487,291
-256,659
| -7% | -$1.64M |
2023 Q4
10 quarters
|
|
195
Applovin
APP
$76.5B
| $22M | 0.06% |
42,683
+16,213
| +61% | +$7.82M |
2023 Q4
10 quarters
|
|
196
United Rentals
URI
$72.4B
| $21.8M | 0.06% |
19,195
-197
| -1% | -$187K |
2023 Q4
10 quarters
|
|
197
Automatic Data Processing
ADP
$116B
| $21.5M | 0.06% |
95,806
+13,940
| +17% | +$2.98M |
2023 Q4
10 quarters
|
|
198
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.1B
| $21.2M | 0.06% |
180,906
+7,997
| +5% | +$933K |
2023 Q4
10 quarters
|
|
199
iShares MSCI Emerging Markets ETF
EEM
$28.3B
| $21.2M | 0.06% |
309,582
+138,373
| +81% | +$9.04M |
2023 Q4
10 quarters
|
|
200
Vanguard International High Dividend Yield ETF
VYMI
$21.4B
| $21.1M | 0.06% |
214,812
+7,100
| +3% | +$702K |
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.