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 | |
|---|---|---|---|---|---|---|---|
2051
iShares Core MSCI Pacific ETF
IPAC
$2.64B
| $347K | ﹤0.01% |
4,231
+301
| +8% | +$24.5K |
2023 Q4
10 quarters
|
|
2052
RoboStrategy Inc
BOT
$515M
| $344K | ﹤0.01% |
+8,659
| New | +$267K |
2026 Q2
0 quarters
|
|
2053
State Street SPDR Bloomberg International Corporate Bond ETF
IBND
$440M
| $343K | ﹤0.01% |
11,010
| – | – |
2025 Q2
4 quarters
|
|
2054
Aura Minerals Inc
AUGO
$6.82B
| $342K | ﹤0.01% |
+5,435
| New | +$428K |
2026 Q2
0 quarters
|
|
2055
Neogen
NEOG
$2.55B
| $337K | ﹤0.01% |
37,508
-3,115
| -8% | -$28.6K |
2023 Q4
10 quarters
|
|
2056
America Movil
AMX
$76.9B
| $336K | ﹤0.01% |
12,947
-342
| -3% | -$8.99K |
2026 Q1
1 quarter
|
|
2057
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.1B
| $336K | ﹤0.01% |
20,315
-4,213
| -17% | -$64.4K |
2025 Q3
3 quarters
|
|
2058
Fidelity MSCI Communication Services Index ETF
FCOM
$1.6B
| $335K | ﹤0.01% |
4,821
+661
| +16% | +$47.9K |
2025 Q1
5 quarters
|
|
2059
Agilysys
AGYS
$3.5B
| $335K | ﹤0.01% |
+3,203
| New | +$248K |
2026 Q2
0 quarters
|
|
2060
ProShares UltraPro S&P 500
UPRO
$5.17B
| $332K | ﹤0.01% |
+2,343
| New | +$310K |
2026 Q2
0 quarters
|
|
2061
Neuberger Small-Mid Cap ETF
NBSM
$115M
| $332K | ﹤0.01% |
11,570
| – | – |
2025 Q4
2 quarters
|
|
2062
Easterly Government Properties
DEA
$1.07B
| $331K | ﹤0.01% |
13,295
+256
| +2% | +$6K |
2025 Q2
4 quarters
|
|
2063
Seaboard Corp
SEB
$3.61B
| $330K | ﹤0.01% |
74
-27
| -27% | -$141K |
2025 Q4
2 quarters
|
|
2064
JPMorgan Active Value ETF
JAVA
$7.6B
| $329K | ﹤0.01% |
4,145
+20
| +0.5% | +$1.53K |
2025 Q4
2 quarters
|
|
2065
ARK Autonomous Technology & Robotics ETF
ARKQ
$1.72B
| $329K | ﹤0.01% |
2,485
| – | – |
2025 Q2
4 quarters
|
|
2066
FT Energy Income Partners Enhanced Income ETF
EIPI
$1.09B
| $328K | ﹤0.01% |
15,016
+247
| +2% | +$5.49K |
2024 Q2
8 quarters
|
|
2067
First Financial Bankshares
FFIN
$4.38B
| $328K | ﹤0.01% |
+9,468
| New | +$306K |
2026 Q2
0 quarters
|
|
2068
Global X Defense Tech ETF
SHLD
$6.35B
| $321K | ﹤0.01% |
5,377
+330
| +7% | +$22K |
2025 Q2
4 quarters
|
|
2069
Innovator US Equity Power Buffer ETF March
PMAR
$742M
| $321K | ﹤0.01% |
6,720
| – | – |
2026 Q1
1 quarter
|
|
2070
Renasant Corp
RNST
$3.62B
| $320K | ﹤0.01% |
+7,520
| New | +$304K |
2026 Q2
0 quarters
|
|
2071
Electromed
ELMD
$225M
| $320K | ﹤0.01% |
+7,561
| New | +$242K |
2026 Q2
0 quarters
|
|
2072
Medical Properties Trust
MPT
$1.07B
| $319K | ﹤0.01% |
68,741
-4,765
| -6% | -$23.6K |
2023 Q4
10 quarters
|
|
2073
Ryan Specialty Holdings
RYAN
$5.65B
| $318K | ﹤0.01% |
8,409
-61
| -0.7% | -$2.07K |
2026 Q1
1 quarter
|
|
2074
Invesco S&P 500 Top 50 ETF
XLG
$11.4B
| $317K | ﹤0.01% |
5,170
| – | – |
2025 Q2
4 quarters
|
|
2075
BNY Mellon Municipal Intermediate ETF
BKMI
$1.66B
| $316K | ﹤0.01% |
11,963
| – | – |
2026 Q1
1 quarter
|
|
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.