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 | |
|---|---|---|---|---|---|---|---|
2401
Pegasystems
PEGA
$5.09B
| – | – |
-9,871
| Closed | -$420K | – |
|
2402
Perpetua Resources
PPTA
$2.65B
| – | – |
-8,835
| Closed | -$248K | – |
|
2403
Progress Software
PRGS
$1.82B
| – | – |
-14,398
| Closed | -$369K | – |
|
2404
Parsons
PSN
$5.43B
| – | – |
-7,276
| Closed | -$394K | – |
|
2405
Rogers Communications
RCI
$18B
| – | – |
-7,998
| Closed | -$308K | – |
|
2406
Rapid7
RPD
$1.03B
| – | – |
-12,043
| Closed | -$66.4K | – |
|
2407
DELISTED
Sealed Air
SEE
| – | – |
-16,464
| Closed | -$692K | – |
|
2408
Shake Shack
SHAK
$3.12B
| – | – |
-6,507
| Closed | -$576K | – |
|
2409
Spire Global
SPIR
$370M
| – | – |
-13,878
| Closed | -$175K | – |
|
2410
State Street Blackstone Senior Loan ETF
SRLN
$5.21B
| – | – |
-8,197
| Closed | -$329K | – |
|
2411
Stellantis
STLA
$12.8B
| – | – |
-118,280
| Closed | -$839K | – |
|
2412
Suzano
SUZ
$12B
| – | – |
-11,079
| Closed | -$111K | – |
|
2413
AB Tax-Aware Short Duration Municipal ETF
TAFI
$1.51B
| – | – |
-16,472
| Closed | -$415K | – |
|
2414
Telephone and Data Systems
TDS
$3.9B
| – | – |
-10,631
| Closed | -$448K | – |
|
2415
Transmedics
TMDX
$3.26B
| – | – |
-3,238
| Closed | -$322K | – |
|
2416
DELISTED
Tri Pointe Homes
TPH
| – | – |
-8,537
| Closed | -$399K | – |
|
2417
10x Genomics
TXG
$8.48B
| – | – |
-25,296
| Closed | -$537K | – |
|
2418
UMH Properties
UMH
$1.26B
| – | – |
-11,489
| Closed | -$166K | – |
|
2419
Wheels Up
UP
$100M
| – | – |
-532
| Closed | -$5.5K | – |
|
2420
Varonis Systems
VRNS
$5.65B
| – | – |
-9,329
| Closed | -$200K | – |
|
2421
Bristow Group
VTOL
$1.11B
| – | – |
-4,373
| Closed | -$205K | – |
|
2422
WIX.com
WIX
$2.92B
| – | – |
-8,208
| Closed | -$739K | – |
|
2423
Workiva
WK
$3.8B
| – | – |
-5,367
| Closed | -$320K | – |
|
2424
Zillow
ZG
$7.05B
| – | – |
-5,959
| Closed | -$247K | – |
|
2425
ZTO Express
ZTO
$15.4B
| – | – |
-9,188
| Closed | -$231K | – |
|
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.