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 | |
|---|---|---|---|---|---|---|---|
2176
Quantum Corp
QMCO
$607M
| $273K | ﹤0.01% |
+8,596
| New | +$160K |
2026 Q3
0 quarters
|
|
2177
Nuveen S&P 500 Dynamic Overwrite Fund
SPXX
$329M
| $272K | ﹤0.01% |
14,725
| – | – |
2026 Q1
2 quarters
|
|
|
FRBT
2178
Forbright Inc
FRBT
$951M
| $272K | ﹤0.01% |
+15,972
| New | +$302K |
2026 Q3
0 quarters
|
|
2179
Eastern Bankshares
EBC
$5.14B
| $271K | ﹤0.01% |
+12,951
| New | +$290K |
2026 Q3
0 quarters
|
|
2180
Banner Corp
BANR
$2.53B
| $271K | ﹤0.01% |
4,044
+292
| +8% | +$20.5K |
2026 Q2
1 quarter
|
|
2181
Valaris
VAL
$5.84B
| $270K | ﹤0.01% |
3,442
+187
| +6% | +$15.2K |
2026 Q1
2 quarters
|
|
2182
Kura Sushi USA
KRUS
$316M
| $270K | ﹤0.01% |
6,622
+1,658
| +33% | +$76.4K |
2024 Q1
10 quarters
|
|
2183
BancFirst
BANF
$3.99B
| $270K | ﹤0.01% |
2,565
+598
| +30% | +$67.3K |
2024 Q2
9 quarters
|
|
2184
Liberty Energy
LBRT
$2.13B
| $269K | ﹤0.01% |
14,767
-1,123
| -7% | -$23.2K |
2026 Q1
2 quarters
|
|
2185
Schwab Fundamental US Large Company Index ETF
FNDX
$28.9B
| $268K | ﹤0.01% |
+8,530
| New | +$273K |
2026 Q3
0 quarters
|
|
2186
Tompkins Financial
TMP
$1.44B
| $268K | ﹤0.01% |
2,786
+50
| +2% | +$4.87K |
2026 Q2
1 quarter
|
|
2187
Sotera Health
SHC
$4.74B
| $267K | ﹤0.01% |
14,448
+4,111
| +40% | +$75.8K |
2026 Q2
1 quarter
|
|
2188
Riot Platforms
RIOT
$6.57B
| $266K | ﹤0.01% |
13,181
+199
| +2% | +$4.19K |
2026 Q2
1 quarter
|
|
2189
Array Technologies
ARRY
$747M
| $266K | ﹤0.01% |
65,894
-3,456
| -5% | -$17.7K |
2023 Q4
11 quarters
|
|
2190
First Trust NYSE Arca Biotechnology Index Fund
FBT
$3.02B
| $265K | ﹤0.01% |
+3,676
| New | +$955K |
2026 Q3
0 quarters
|
|
2191
CGI
GIB
$16.7B
| $265K | ﹤0.01% |
+3,890
| New | +$275K |
2026 Q3
0 quarters
|
|
2192
Insight Enterprises
NSIT
$4.86B
| $264K | ﹤0.01% |
+1,689
| New | +$239K |
2026 Q3
0 quarters
|
|
2193
SOPHiA GENETICS
SOPH
$703M
| $264K | ﹤0.01% |
31,465
-738
| -2% | -$5.31K |
2024 Q3
8 quarters
|
|
2194
DHT Holdings
DHT
$3.59B
| $263K | ﹤0.01% |
+11,673
| New | +$228K |
2026 Q3
0 quarters
|
|
2195
WisdomTree Japan Hedged Equity Fund
DXJ
$7.1B
| $263K | ﹤0.01% |
4,374
-4,500
| -51% | -$266K |
2025 Q4
3 quarters
|
|
2196
HUB Group
HUBG
$1.5B
| $261K | ﹤0.01% |
5,236
-4,583
| -47% | -$189K |
2026 Q2
1 quarter
|
|
2197
FB Financial Corp
FBK
$2.68B
| $261K | ﹤0.01% |
5,049
+328
| +7% | +$18.9K |
2026 Q1
2 quarters
|
|
2198
Invesco S&P SmallCap Value with Momentum ETF
XSVM
$588M
| $259K | ﹤0.01% |
+3,982
| New | +$278K |
2026 Q3
0 quarters
|
|
2199
Vanguard US Momentum Factor ETF
VFMO
$1.82B
| $259K | ﹤0.01% |
+1,141
| New | +$263K |
2026 Q3
0 quarters
|
|
2200
Invesco S&P 500 Pure Value ETF
RPV
$1.84B
| $259K | ﹤0.01% |
2,256
+309
| +16% | +$37K |
2026 Q1
2 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.