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 | |
|---|---|---|---|---|---|---|---|
2126
Invesco Global Water ETF
PIO
$275M
| $260K | ﹤0.01% |
5,780
| – | – |
2023 Q4
10 quarters
|
|
2127
Ingevity
NGVT
$2.05B
| $259K | ﹤0.01% |
3,474
-2,757
| -44% | -$198K |
2023 Q4
10 quarters
|
|
2128
iShares International Select Dividend ETF
IDV
$8.36B
| $259K | ﹤0.01% |
+6,249
| New | +$274K |
2026 Q2
0 quarters
|
|
2129
State Street SPDR S&P Metals & Mining ETF
XME
$3.58B
| $259K | ﹤0.01% |
+2,420
| New | +$284K |
2026 Q2
0 quarters
|
|
2130
WesBanco
WSBC
$3.75B
| $259K | ﹤0.01% |
+6,629
| New | +$233K |
2026 Q2
0 quarters
|
|
2131
Tompkins Financial
TMP
$1.45B
| $259K | ﹤0.01% |
+2,736
| New | +$236K |
2026 Q2
0 quarters
|
|
2132
Lennar Class B
LEN.B
$20.2B
| $259K | ﹤0.01% |
+2,914
| New | +$254K |
2026 Q2
0 quarters
|
|
2133
Heritage Financial
HFWA
$1.15B
| $258K | ﹤0.01% |
8,717
-9,740
| -53% | -$268K |
2026 Q1
1 quarter
|
|
2134
Franklin US Low Volatility High Dividend Index ETF
LVHD
$649M
| $258K | ﹤0.01% |
+5,858
| New | +$252K |
2026 Q2
0 quarters
|
|
2135
Photronics
PLAB
$1.66B
| $257K | ﹤0.01% |
7,886
-1,756
| -18% | -$74.3K |
2025 Q3
3 quarters
|
|
2136
nCino
NCNO
$2.38B
| $255K | ﹤0.01% |
15,568
-17,712
| -53% | -$291K |
2024 Q2
8 quarters
|
|
2137
Venture Global Inc
VG
$30B
| $253K | ﹤0.01% |
22,718
+141
| +0.6% | +$1.78K |
2025 Q1
5 quarters
|
|
2138
Uniti Group
UNIT
$1.02B
| $252K | ﹤0.01% |
22,011
+311
| +1% | +$3.53K |
2024 Q3
7 quarters
|
|
2139
WisdomTree India Earnings Fund ETF
EPI
$1.88B
| $252K | ﹤0.01% |
5,897
-3,071
| -34% | -$131K |
2024 Q1
9 quarters
|
|
2140
Marcus & Millichap
MMI
$934M
| $250K | ﹤0.01% |
+8,034
| New | +$230K |
2026 Q2
0 quarters
|
|
2141
Cornerstone Strategic Value Fund
CLM
$1.92B
| $250K | ﹤0.01% |
33,089
| – | – |
2023 Q4
10 quarters
|
|
2142
PC Connection
CNXN
$2.07B
| $250K | ﹤0.01% |
+3,422
| New | +$228K |
2026 Q2
0 quarters
|
|
2143
GMO US Quality ETF
QLTY
$5.56B
| $250K | ﹤0.01% |
6,000
| – | – |
2026 Q1
1 quarter
|
|
2144
Banner Corp
BANR
$2.54B
| $249K | ﹤0.01% |
+3,752
| New | +$244K |
2026 Q2
0 quarters
|
|
2145
Bausch + Lomb
BLCO
$7.64B
| $248K | ﹤0.01% |
+15,000
| New | +$239K |
2026 Q2
0 quarters
|
|
2146
Openlane
OPLN
$4.28B
| $248K | ﹤0.01% |
+6,008
| New | +$210K |
2026 Q2
0 quarters
|
|
2147
BCE
BCE
$20.2B
| $247K | ﹤0.01% |
11,458
-9,101
| -44% | -$218K |
2023 Q4
10 quarters
|
|
2148
T. Rowe Price Capital Appreciation Equity ETF
TCAF
$8.06B
| $247K | ﹤0.01% |
+6,000
| New | +$237K |
2026 Q2
0 quarters
|
|
2149
Comstock Resources
CRK
$4.23B
| $246K | ﹤0.01% |
16,518
+1,820
| +12% | +$27.8K |
2025 Q2
4 quarters
|
|
2150
BlackRock Enhanced Captial and Income Fund
CII
$1.03B
| $246K | ﹤0.01% |
9,416
-584
| -6% | -$14.2K |
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.