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 | |
|---|---|---|---|---|---|---|---|
2151
Huazhu Hotels Group
HTHT
$16B
| $246K | ﹤0.01% |
5,900
+141
| +2% | +$6.72K |
2025 Q4
2 quarters
|
|
2152
State Street SPDR MSCI USA Gender Diversity ETF
SHE
$338M
| $246K | ﹤0.01% |
1,592
| – | – |
2024 Q2
8 quarters
|
|
2153
Globant
GLOB
$2.11B
| $246K | ﹤0.01% |
8,496
-5,443
| -39% | -$218K |
2023 Q4
10 quarters
|
|
2154
Global X Renewable Energy Producers ETF
RNRG
$23M
| $245K | ﹤0.01% |
6,885
| – | – |
2023 Q4
10 quarters
|
|
2155
Dimensional World Equity ETF
DFAW
$1.72B
| $245K | ﹤0.01% |
2,956
+7
| +0.2% | +$565 |
2025 Q2
4 quarters
|
|
2156
WisdomTree US MidCap Fund
EZM
$950M
| $242K | ﹤0.01% |
+3,198
| New | +$232K |
2026 Q2
0 quarters
|
|
2157
Ryerson Holding Corp
RYZ
$1.56B
| $242K | ﹤0.01% |
+9,814
| New | +$259K |
2026 Q2
0 quarters
|
|
2158
Thor Industries
THO
$4.12B
| $241K | ﹤0.01% |
3,213
+620
| +24% | +$47.7K |
2023 Q4
10 quarters
|
|
2159
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$19.5B
| $241K | ﹤0.01% |
4,533
+31
| +0.7% | +$1.65K |
2025 Q2
4 quarters
|
|
2160
Long Pond Real Estate Select ETF
LPRE
$186M
| $241K | ﹤0.01% |
8,000
-2,000
| -20% | -$57.4K |
2025 Q4
2 quarters
|
|
2161
Vista Gold
VGZ
$406M
| $239K | ﹤0.01% |
125,000
| – | – |
2025 Q2
4 quarters
|
|
2162
Perella Weinberg Partners
PWP
$1.12B
| $238K | ﹤0.01% |
+14,933
| New | +$273K |
2026 Q2
0 quarters
|
|
2163
Marathon Digital Holdings
MARA
$2.84B
| $238K | ﹤0.01% |
+17,131
| New | +$214K |
2026 Q2
0 quarters
|
|
2164
iShares MSCI USA Value Factor ETF
VLUE
$9.09B
| $237K | ﹤0.01% |
+1,188
| New | +$213K |
2026 Q2
0 quarters
|
|
2165
CCC Intelligent Solutions
CCC
$4.56B
| $237K | ﹤0.01% |
45,865
-56,221
| -55% | -$278K |
2023 Q4
10 quarters
|
|
2166
Valaris
VAL
$5.48B
| $236K | ﹤0.01% |
3,255
-88
| -3% | -$8.19K |
2026 Q1
1 quarter
|
|
2167
WisdomTree International Equity Fund
DWM
$659M
| $236K | ﹤0.01% |
3,225
| – | – |
2025 Q2
4 quarters
|
|
2168
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$18B
| $236K | ﹤0.01% |
2,952
+280
| +10% | +$22.4K |
2023 Q4
10 quarters
|
|
2169
Vanguard Ultra-Short Bond ETF
VUSB
$9.9B
| $236K | ﹤0.01% |
4,742
| – | – |
2023 Q4
10 quarters
|
|
2170
MarketAxess Holdings
MKTX
$5.81B
| $236K | ﹤0.01% |
2,077
+251
| +14% | +$35.8K |
2023 Q4
10 quarters
|
|
2171
Bank of N.T. Butterfield & Son
NTB
$2.21B
| $236K | ﹤0.01% |
+3,960
| New | +$224K |
2026 Q2
0 quarters
|
|
2172
First Trust Enhanced Short Maturity ETF
FTSM
$6.83B
| $234K | ﹤0.01% |
+3,919
| New | +$235K |
2026 Q2
0 quarters
|
|
2173
JPMorgan Ultra-Short Income ETF
JPST
$42.5B
| $233K | ﹤0.01% |
4,609
+199
| +5% | +$10.1K |
2025 Q1
5 quarters
|
|
2174
Skydance Corporation
SKYD
$40.5B
| $232K | ﹤0.01% |
23,563
-22,950
| -49% | -$242K |
2025 Q3
3 quarters
|
|
2175
GraniteShares Gold Shares
BAR
$1.31B
| $232K | ﹤0.01% |
+5,866
| New | +$261K |
2026 Q2
0 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.