Ethic Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Ethic Inc. reported 1,143 stock positions worth $5.0 billion. Its top holding was Apple (AAPL) at 6.4% of the portfolio, followed by Nvidia (NVDA, 5.8%) and Microsoft (MSFT, 5.1%). Compared with Q3 2024, it opened 174 new positions, sold out of 112, added to 616 and reduced 349. The biggest buy was Apple (AAPL, shares +24%) and the biggest sale Intel (INTC, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001780570
- Portfolio Value
- $5.0B (Q4 2024)
- SEC Filing
- 0001780570-25-000002 ↗ filed Feb 14, 2025
Holdings Value
Holdings 1,143 stocks · $5.0B
| AAPL Apple Inc. | 6.38% | 1,262,098 | $316.1M | Add +24.2% |
| NVDA Nvidia Corp. | 5.76% | 2,126,450 | $285.6M | Add +1115.0% |
| MSFT Microsoft Corp. | 5.11% | 600,951 | $253.3M | Add +17.7% |
| AMZN Amazon.com Inc. | 2.92% | 658,824 | $144.5M | Add +15.3% |
| GOOGL Alphabet Inc. Class A | 2.26% | 592,326 | $112.1M | Add +14.8% |
| GOOG Alphabet Inc. Class C | 1.60% | 416,362 | $79.3M | Add +15.8% |
| META Meta Platforms Inc. Class A | 1.58% | 133,866 | $78.4M | Add +34.5% |
| AVGO Broadcom Inc. | 1.49% | 319,030 | $74.0M | Add +1138.6% |
| LLY Eli Lilly & Co. | 1.19% | 76,146 | $58.8M | Add +9.1% |
| TSLA Tesla Inc. | 1.18% | 145,072 | $58.6M | Add +50.7% |
| V Visa Inc. Class A | 1.00% | 157,367 | $49.7M | Add +14.8% |
| MA Mastercard Inc. Class A | 0.91% | 86,034 | $45.3M | Add +16.0% |
| UNH Unitedhealth Group Inc. | 0.88% | 85,739 | $43.4M | Add +11.3% |
| HD Home Depot Inc. | 0.74% | 94,580 | $36.8M | Add +16.7% |
| CRM Salesforce Inc. | 0.67% | 99,504 | $33.3M | Add +19.1% |
| NFLX Netflix Inc. | 0.63% | 34,998 | $31.2M | Reduce -4.8% |
| ORCL Oracle Corp. | 0.61% | 180,160 | $30.0M | Add +12.6% |
| MRK Merck & Co. Inc. | 0.58% | 287,113 | $28.6M | Add +9.7% |
| NOW ServiceNow Inc. | 0.55% | 25,747 | $27.3M | Add +21.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.55% | 123,338 | $27.1M | Add +8.1% |
| GS Goldman Sachs Group Inc. | 0.54% | 46,943 | $26.9M | Add +12.0% |
| CSCO Cisco Systems Inc. | 0.52% | 431,762 | $25.6M | Add +1.4% |
| ACN Accenture PLC Class A | 0.50% | 70,064 | $24.6M | Add +10.0% |
| SPGI S&P Global Inc. | 0.50% | 49,289 | $24.5M | Add +11.9% |
| BKNG Booking Holdings Inc. | 0.48% | 4,751 | $23.6M | Add +15.8% |
| T AT&T Inc. | 0.47% | 1,024,070 | $23.3M | Add +37.9% |
| AXP American Express Co. | 0.46% | 77,315 | $22.9M | Add +11.5% |
| ISRG Intuitive Surgical Inc. | 0.44% | 42,022 | $21.9M | Add +19.7% |
| TMO Thermo Fisher Scientific Inc. | 0.44% | 42,002 | $21.9M | Add +13.7% |
| BSX Boston Scientific Corp. | 0.44% | 241,929 | $21.6M | Add +24.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.43% | 191,565 | $21.3M | Add +8.4% |
| ABT Abbott Laboratories | 0.43% | 188,276 | $21.3M | Add +12.5% |
| FISV Fiserv Inc. | 0.42% | 102,023 | $21.0M | Add +15.0% |
| CAT Caterpillar Inc. | 0.42% | 57,099 | $20.7M | Add +27.7% |
| MS Morgan Stanley | 0.41% | 162,269 | $20.4M | Add +35.8% |
| ADBE Adobe Inc. | 0.41% | 45,775 | $20.4M | Add +12.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.41% | 167,169 | $20.2M | Add +21.1% |
| ADP Automatic Data Processing | 0.40% | 68,349 | $20.0M | Add +17.7% |
| TMUS T-Mobile US Inc. | 0.40% | 90,466 | $20.0M | Add +12.1% |
| AMAT Applied Materials Inc. | 0.40% | 121,205 | $19.7M | Add +21.1% |
| VZ Verizon Communications Inc. | 0.40% | 489,501 | $19.6M | Add +9.8% |
| PGR Progressive Corp. | 0.36% | 74,906 | $17.9M | Add +6.7% |
| QCOM Qualcomm Inc. | 0.36% | 116,657 | $17.9M | Add +12.7% |
| CMCSA Comcast Corp. Class A | 0.36% | 474,907 | $17.8M | Add +59.3% |
| ABBV Abbvie Inc. | 0.35% | 97,685 | $17.4M | Add +11.6% |
| INTU Intuit Inc. | 0.34% | 27,004 | $17.0M | Add +15.2% |
| SAP Sap SE-Sponsored ADR | 0.34% | 67,444 | $16.6M | Reduce -4.4% |
| CB Chubb Ltd. | 0.32% | 57,451 | $15.9M | Add +47.0% |
| SYK Stryker Corp. | 0.32% | 43,361 | $15.6M | Add +17.0% |
| TXN Texas Instruments Inc. | 0.31% | 81,092 | $15.2M | Add +30.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.30% | 32,887 | $14.9M | Add +101.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.30% | 171,622 | $14.8M | Add +2.3% |
| PNC PNC Financial Services Group | 0.30% | 76,493 | $14.8M | Add +11.1% |
| JNJ Johnson & Johnson | 0.29% | 99,979 | $14.5M | Add +21.4% |
| MRSH Marsh & McLennan Cos | 0.29% | 67,569 | $14.4M | Add +21.6% |
| SRE Sempra | 0.28% | 159,788 | $14.0M | Add +108.2% |
| CI The Cigna Group | 0.28% | 49,712 | $13.7M | Add +11.8% |
| MU Micron Technology Inc. | 0.28% | 162,039 | $13.6M | Add +12.8% |
| LRCX Lam Research Corp. | 0.27% | 188,206 | $13.6M | Add +29.0% |
| JPM JPMorgan Chase & Co. | 0.27% | 55,349 | $13.3M | Add +65.3% |
| DE Deere & Co. | 0.27% | 31,046 | $13.2M | Add +20.5% |
| AMGN Amgen Inc. | 0.26% | 49,830 | $13.0M | Add +20.3% |
| BLK BlackRock Inc. | 0.26% | 12,625 | $12.9M | Add +77.4% |
| DHR Danaher Corp. | 0.26% | 56,333 | $12.9M | Add +44.7% |
| AFL Aflac Inc. | 0.26% | 124,730 | $12.9M | Add +3.0% |
| ANET Arista Networks Inc. | 0.26% | 116,471 | $12.9M | Add +19.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.26% | 64,818 | $12.8M | Reduce -3.0% |
| OKE Oneok Inc. | 0.26% | 126,837 | $12.7M | Add +22.1% |
| ITW Illinois Tool Works | 0.25% | 49,440 | $12.5M | Add +9.1% |
| L Loews Corp. | 0.25% | 147,699 | $12.5M | Reduce -5.6% |
| CME Cme Group Inc. | 0.25% | 53,438 | $12.4M | Add +37.3% |
| LOW Lowe's Cos Inc. | 0.25% | 50,191 | $12.4M | Add +35.8% |
| ETN Eaton Corp. PLC | 0.24% | 36,536 | $12.1M | Add +27.0% |
| COST Costco Wholesale Corp. | 0.24% | 13,180 | $12.1M | Add +26.5% |
| MCO Moody's Corp. | 0.24% | 25,258 | $12.0M | Add +4.0% |
| PEP Pepsico Inc. | 0.24% | 78,551 | $11.9M | Reduce -13.8% |
| PCAR Paccar Inc. | 0.24% | 114,662 | $11.9M | Add +11.9% |
| PFE Pfizer Inc. | 0.24% | 449,474 | $11.9M | Add +40.4% |
| UBER Uber Technologies Inc. | 0.24% | 195,554 | $11.8M | Add +32.1% |
| CTAS Cintas Corp. | 0.24% | 64,291 | $11.7M | Add +465.8% |
| NVS Novartis AG-Sponsored ADR | 0.23% | 119,673 | $11.6M | Reduce -9.8% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.23% | 151,281 | $11.6M | Reduce -10.4% |
| SCHW Schwab (charles) Corp. | 0.23% | 152,798 | $11.3M | Add +15.4% |
| AIG American International Group | 0.23% | 154,054 | $11.2M | Reduce -10.8% |
| TRV The Travelers Cos Inc. | 0.22% | 45,951 | $11.1M | Add +38.6% |
| CL Colgate-Palmolive Co. | 0.22% | 119,542 | $10.9M | Add +28.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.22% | 15,544 | $10.8M | Add +20.6% |
| ICE Intercontinental Exchange Inc. | 0.21% | 71,307 | $10.6M | Add +9.6% |
| MDLZ Mondelez International Inc. Class A | 0.21% | 176,614 | $10.5M | Add +29.2% |
| PANW Palo Alto Networks Inc. | 0.21% | 57,481 | $10.5M | Add +14.0% |
| BX Blackstone Inc. | 0.21% | 60,560 | $10.4M | Add +71.5% |
| USB US Bancorp | 0.21% | 216,860 | $10.4M | Add +56.0% |
| WELL Welltower Inc. | 0.20% | 79,917 | $10.1M | Add +26.4% |
| SONY Sony Group Corp. - SP ADR | 0.20% | 471,697 | $10.0M | Add +10.4% |
| CMG Chipotle Mexican Grill Inc. | 0.20% | 165,106 | $10.0M | Add +5455.4% |
| BMY Bristol-Myers Squibb Co. | 0.20% | 174,424 | $9.9M | Add +3.6% |
| HAL Halliburton Co. | 0.20% | 362,579 | $9.9M | Add +1.7% |
| CDNS Cadence Design SYS Inc. | 0.20% | 32,446 | $9.7M | Add +10.0% |
| PLD Prologis Inc. | 0.20% | 92,056 | $9.7M | Add +12.1% |
| GILD Gilead Sciences Inc. | 0.20% | 104,644 | $9.7M | Add +7.9% |
Portfolio Sells Q3 2024 → Q4 2024
| INTC Intel Corp. | Reduce -17.5% | 0.13% | −0.31 |
| TGT Target Corp. | Reduce -48.3% | 0.12% | −0.25 |
| PEP Pepsico Inc. | Reduce -13.8% | 0.24% | −0.16 |
| MDT Medtronic PLC | Reduce -26.4% | 0.17% | −0.14 |
| HCA HCA Healthcare Inc. | Reduce -58.1% | 0.06% | −0.14 |
| NUE Nucor Corp. | Reduce -65.5% | 0.02% | −0.12 |
| KMB Kimberly-Clark Corp. | Reduce -59.8% | 0.06% | −0.12 |
| FERG Ferguson Jersey Ltd. | Sold out | 0.00% | −0.12 |
| AIG American International Group | Reduce -10.8% | 0.23% | −0.11 |
| EL Estee Lauder Companies Class A | Reduce -41.0% | 0.03% | −0.11 |
| CTVA Corteva Inc. | Reduce -43.2% | 0.08% | −0.10 |
| AGR Avangrid Inc. | Sold out | 0.00% | −0.10 |
| KR Kroger Co. | Reduce -49.4% | 0.07% | −0.10 |
| DHI D.R. Horton Inc. | Reduce -18.5% | 0.12% | −0.10 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Reduce -20.1% | 0.09% | −0.09 |
| NVS Novartis AG-Sponsored ADR | Reduce -9.8% | 0.23% | −0.09 |
| TM Toyota Motor Corp. -Spon ADR | Reduce -20.3% | 0.08% | −0.09 |
| CVS CVS Health Corp. | Reduce -23.5% | 0.04% | −0.08 |
| MCHP Microchip Technology Inc. | Reduce -6.4% | 0.07% | −0.08 |
| CCI Crown Castle Inc. | Reduce -23.6% | 0.08% | −0.08 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -20.2% | 0.08% | −0.08 |
| PPG PPG Industries Inc. | Reduce -16.1% | 0.09% | −0.08 |
| XYL Xylem Inc. | Reduce -15.9% | 0.11% | −0.07 |
| TAK Takeda Pharmaceutic-SP ADR | Reduce -25.8% | 0.09% | −0.07 |
| EFX Equifax Inc. | Reduce -62.6% | 0.03% | −0.07 |
| PRU Prudential Financial Inc. | Reduce -18.3% | 0.12% | −0.06 |
| ARE Alexandria Real Estate Equit | Reduce -52.1% | 0.03% | −0.06 |
| GPN Global Payments Inc. | Reduce -56.4% | 0.03% | −0.06 |
| IQV Iqvia Holdings Inc. | Reduce -6.8% | 0.09% | −0.06 |
| NMR Nomura Holdings Inc.-Spon ADR | Reduce -5.1% | 0.14% | −0.06 |
| ROP Roper Technologies Inc. | Reduce -9.0% | 0.13% | −0.06 |
| MLM Martin Marietta Materials | Reduce -20.9% | 0.07% | −0.06 |
| L Loews Corp. | Reduce -5.6% | 0.25% | −0.06 |
| CNC Centene Corp. | Reduce -16.0% | 0.06% | −0.06 |
| FTV Fortive Corp. | Reduce -13.3% | 0.08% | −0.06 |
| PHM Pultegroup Inc. | Reduce -14.2% | 0.09% | −0.06 |
| EXR Extra Space Storage Inc. | Reduce -76.0% | 0.01% | −0.06 |
| TS Tenaris SA-ADR | Reduce -18.4% | 0.09% | −0.05 |
| FMC FMC Corp. | Reduce -34.4% | 0.04% | −0.05 |
| HBAN Huntington Bancshares Inc. | Reduce -43.3% | 0.06% | −0.05 |
| MCD McDonald's Corp. | Reduce -16.9% | 0.11% | −0.05 |
| CPRT Copart Inc. | Reduce -0.6% | 0.19% | −0.05 |
| EW Edwards Lifesciences Corp. | Reduce -13.4% | 0.06% | −0.05 |
| ECL Ecolab Inc. | Reduce -7.3% | 0.16% | −0.05 |
| NSC Norfolk Southern Corp. | Reduce -29.8% | 0.05% | −0.05 |
| APTV Aptiv PLC | Reduce -38.4% | 0.03% | −0.05 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Reduce -0.2% | 0.10% | −0.05 |
| NXPI NXP Semiconductors NV | Reduce -5.2% | 0.09% | −0.05 |
| WST West Pharmaceutical Services | Reduce -52.8% | 0.02% | −0.05 |
| FANG Diamondback Energy Inc. | Reduce -55.8% | 0.02% | −0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| AAPL Apple Inc. | Add +24.2% | 6.38% | +1.98 |
| NVDA Nvidia Corp. | Add +1115.0% | 5.76% | +1.77 |
| TSLA Tesla Inc. | Add +50.7% | 1.18% | +0.75 |
| AVGO Broadcom Inc. | Add +1138.6% | 1.49% | +0.63 |
| META Meta Platforms Inc. Class A | Add +34.5% | 1.58% | +0.36 |
| AMZN Amazon.com Inc. | Add +15.3% | 2.92% | +0.31 |
| GOOGL Alphabet Inc. Class A | Add +14.8% | 2.26% | +0.30 |
| GOOG Alphabet Inc. Class C | Add +15.8% | 1.60% | +0.22 |
| NOW ServiceNow Inc. | Add +21.9% | 0.55% | +0.14 |
| SRE Sempra | Add +108.2% | 0.28% | +0.14 |
| T AT&T Inc. | Add +37.9% | 0.47% | +0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +101.5% | 0.30% | +0.13 |
| MS Morgan Stanley | Add +35.8% | 0.41% | +0.13 |
| WMT Walmart Inc. | Add +157.3% | 0.17% | +0.12 |
| BLK BlackRock Inc. | Add +77.4% | 0.26% | +0.11 |
| TT Trane Technologies PLC | Add +150.1% | 0.19% | +0.11 |
| GE General Electric | Add +280.4% | 0.17% | +0.11 |
| BKNG Booking Holdings Inc. | Add +15.8% | 0.48% | +0.10 |
| GS Goldman Sachs Group Inc. | Add +12.0% | 0.54% | +0.10 |
| BSX Boston Scientific Corp. | Add +24.1% | 0.44% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +65.3% | 0.27% | +0.10 |
| ORCL Oracle Corp. | Add +12.6% | 0.61% | +0.10 |
| PLTR Palantir Technologies Inc. Class A | Add +63.3% | 0.13% | +0.10 |
| BX Blackstone Inc. | Add +71.5% | 0.21% | +0.09 |
| GEV GE Vernova Inc. | New | 0.09% | +0.09 |
| GRMN Garmin Ltd. | Add +527.8% | 0.11% | +0.09 |
| ISRG Intuitive Surgical Inc. | Add +19.7% | 0.44% | +0.09 |
| ANET Arista Networks Inc. | Add +19.9% | 0.26% | +0.08 |
| GDDY GoDaddy Inc. Class A | Add +75.1% | 0.13% | +0.08 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.07% | +0.07 |
| TMUS T-Mobile US Inc. | Add +12.1% | 0.40% | +0.07 |
| VOTE TCW Transform 500 ETF | New | 0.07% | +0.07 |
| BAC Bank of America Corp. | Add +121.1% | 0.13% | +0.07 |
| FISV Fiserv Inc. | Add +15.0% | 0.42% | +0.06 |
| CB Chubb Ltd. | Add +47.0% | 0.32% | +0.06 |
| FERG Ferguson Enterprises Inc. | New | 0.06% | +0.06 |
| AXP American Express Co. | Add +11.5% | 0.46% | +0.06 |
| WELL Welltower Inc. | Add +26.4% | 0.20% | +0.05 |
| TJX TJX Companies Inc. | Add +21.1% | 0.41% | +0.05 |
| USB US Bancorp | Add +56.0% | 0.21% | +0.05 |
| RTX RTX Corp. | Add +191.6% | 0.08% | +0.05 |
| COST Costco Wholesale Corp. | Add +26.5% | 0.24% | +0.05 |
| NDAQ Nasdaq Inc. | Add +65.6% | 0.13% | +0.05 |
| PG The Procter & Gamble Co. | Add +101.1% | 0.12% | +0.05 |
| FICO Fair Isaac Corp. | Add +31.6% | 0.12% | +0.05 |
| TPL Texas Pacific Land Corp. | Add +144.1% | 0.06% | +0.05 |
| OKE Oneok Inc. | Add +22.1% | 0.26% | +0.05 |
| FITB Fifth Third Bancorp | Add +141.8% | 0.08% | +0.04 |
| GM General Motors Co. | Add +154.3% | 0.07% | +0.04 |
| SW Smurfit Westrock PLC | New | 0.04% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,358 | $8.0B | NVDA, AAPL, MSFT, GOOGL, GOOG |
| Q1 2026 | 1,232 | $6.4B | NVDA, AAPL, GOOG, MSFT, AMZN |
| Q4 2025 | 1,210 | $6.5B | NVDA, AAPL, MSFT, GOOGL, GOOG |
| Q3 2025 | 1,192 | $6.1B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q2 2025 | 1,214 | $5.6B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 1,164 | $4.9B | AAPL, MSFT, NVDA, AMZN, GOOGL |
| Q4 2024 | 1,143 | $5.0B | AAPL, NVDA, MSFT, AMZN, GOOGL |
| Q3 2024 | 1,081 | $4.0B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q2 2024 | 1,130 | $4.3B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q1 2024 | 1,080 | $4.0B | MSFT, AAPL, NVDA, AMZN, GOOGL |