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 |
NVR
NVR
|
+$204M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$165M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$150M |
| 4 |
SPDR Gold Trust
GLD
|
+$141M |
| 5 |
Silicon Laboratories
SLAB
|
+$125M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Russell 1000 Growth ETF
VONG
|
+$117M |
| 2 |
iShares Russell 1000 Growth ETF
IWF
|
+$54.1M |
| 3 |
Vanguard Russell 2000 Growth ETF
VTWG
|
+$46.7M |
| 4 |
Baillie Gifford International Concentrated Growth ETF
BGCG
|
+$35.2M |
| 5 |
Keurig Dr Pepper
KDP
|
+$30.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 57.28% |
| 2 | Technology | 15% |
| 3 | Financials | 6.62% |
| 4 | Healthcare | 3.95% |
| 5 | Consumer Discretionary | 3.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
2001
Grayscale Bitcoin Mini Trust ETF
BTC
$3.64B
| $403K | ﹤0.01% |
10,898
-485
| -4% | -$15.3K |
2024 Q3
8 quarters
|
|
2002
John Wiley & Sons Class A
WLY
$2.54B
| $402K | ﹤0.01% |
+8,410
| New | +$426K |
2026 Q3
0 quarters
|
|
2003
Transmedics
TMDX
$3.17B
| $401K | ﹤0.01% |
+3,060
| New | +$252K |
2026 Q3
0 quarters
|
|
2004
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.17B
| $401K | ﹤0.01% |
3,959
+1
| +0% | +$103 |
2026 Q2
1 quarter
|
|
2005
Rentokil
RTO
$12B
| $400K | ﹤0.01% |
20,266
-1,137
| -5% | -$28.5K |
2025 Q3
4 quarters
|
|
2006
FS KKR Capital
FSK
$3.21B
| $400K | ﹤0.01% |
36,364
| – | – |
2026 Q2
1 quarter
|
|
2007
Community Bank
CBU
$3.39B
| $400K | ﹤0.01% |
6,703
+24
| +0.4% | +$1.55K |
2025 Q2
5 quarters
|
|
2008
Bright Horizons
BFAM
$2.53B
| $399K | ﹤0.01% |
6,265
-4,419
| -41% | -$318K |
2023 Q4
11 quarters
|
|
2009
Innovator US Equity Power Buffer ETF August
PAUG
$1.03B
| $399K | ﹤0.01% |
+8,549
| New | +$396K |
2026 Q3
0 quarters
|
|
2010
NorthWestern Energy
NWE
$5.22B
| $396K | ﹤0.01% |
5,789
-28
| -0.5% | -$1.97K |
2025 Q3
4 quarters
|
|
2011
Adams Diversified Equity Fund
ADX
$3.14B
| $394K | ﹤0.01% |
15,339
| – | – |
2023 Q4
11 quarters
|
|
2012
VanEck Israel ETF
ISRA
$145M
| $393K | ﹤0.01% |
5,893
| – | – |
2023 Q4
11 quarters
|
|
2013
iShares Infrastructure Active ETF
BILT
$118M
| $393K | ﹤0.01% |
15,175
| – | – |
2026 Q1
2 quarters
|
|
2014
Global X Cybersecurity ETF
BUG
$2.04B
| $392K | ﹤0.01% |
+19,743
| New | +$821K |
2026 Q3
0 quarters
|
|
2015
WIX.com
WIX
$2.81B
| $391K | ﹤0.01% |
+5,427
| New | +$370K |
2026 Q3
0 quarters
|
|
2016
Lazard
LAZ
$4.34B
| $391K | ﹤0.01% |
10,796
+1,057
| +11% | +$44.2K |
2025 Q2
5 quarters
|
|
2017
CTS Corp
CTS
$1.72B
| $390K | ﹤0.01% |
+6,640
| New | +$398K |
2026 Q3
0 quarters
|
|
2018
WisdomTree US MidCap Dividend Fund
DON
$4.05B
| $388K | ﹤0.01% |
7,201
+3
| +0% | +$171 |
2025 Q2
5 quarters
|
|
2019
TRI-Continental Corp
TY
$1.81B
| $388K | ﹤0.01% |
11,291
-44,644
| -80% | -$1.57M |
2023 Q4
11 quarters
|
|
2020
Magna International
MGA
$16B
| $387K | ﹤0.01% |
6,230
+1,613
| +35% | +$107K |
2026 Q2
1 quarter
|
|
2021
Erie Indemnity
ERIE
$14.4B
| $386K | ﹤0.01% |
+1,762
| New | +$430K |
2026 Q3
0 quarters
|
|
2022
PowerFleet Inc
AIOT
$328M
| $386K | ﹤0.01% |
135,829
-4,075
| -3% | -$14.1K |
2025 Q3
4 quarters
|
|
2023
Integra Resources
ITRG
$360M
| $386K | ﹤0.01% |
+150,096
| New | +$380K |
2026 Q3
0 quarters
|
|
2024
Fulton Financial
FULT
$4.54B
| $386K | ﹤0.01% |
17,098
+610
| +4% | +$14.6K |
2026 Q2
1 quarter
|
|
2025
Kanzhun
BZ
$5.67B
| $383K | ﹤0.01% |
25,893
-10,529
| -29% | -$164K |
2024 Q4
7 quarters
|
|
Similar funds
Pathstone Holdings's Q3 2026 Portfolio in Review
As of Q3 2026, Pathstone Holdings held 2,499 positions worth $36.2B, up 5.5% from $34.3B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Pathstone Holdings deployed $2.69B of net new capital in Q3 2026, opening 168 new positions and adding to 1,300 existing holdings. Its largest new stake was JPMorgan Active Growth ETF: 809,296 shares worth $38.3M.
By sector, the portfolio is most concentrated in Miscellaneous at 57% of assets, up from 57% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Vanguard Russell 1000 Growth ETF, an estimated $117M trimmed.
- Pathstone Holdings's largest Q3 2026 buy was JPMorgan Active Growth ETF: 809,296 shares worth $38.3M.
- Pathstone Holdings added most to NVR in Q3 2026, an estimated $204M increase.
- Pathstone Holdings's biggest Q3 2026 reduction was Vanguard Russell 1000 Growth ETF, cutting an estimated $117M.
- Pathstone Holdings fully exited abrdn National Municipal Income Fund in Q3 2026, selling an estimated $7.53M.
- Pathstone Holdings's ten largest holdings make up 31% of its $36.2B portfolio in Q3 2026.
- Pathstone Holdings opened 168 new positions and closed 110 in Q3 2026.
- Pathstone Holdings's portfolio value rose 5.5% quarter-over-quarter to $36.2B.
Based on Pathstone Holdings's 13F filing for Q3 2026, filed 13 Nov 2026.