Ethic Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Ethic Inc. reported 1,164 stock positions worth $4.9 billion. Its top holding was Apple (AAPL) at 6.2% of the portfolio, followed by Microsoft (MSFT, 5.0%) and Nvidia (NVDA, 4.8%). Compared with Q4 2024, it opened 91 new positions, sold out of 72, added to 629 and reduced 439. The biggest buy was TCW Transform 500 ETF (VOTE, shares +295%) and the biggest sale Alphabet Class A (GOOGL, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001780570
- Portfolio Value
- $4.9B (Q1 2025)
- SEC Filing
- 0001780570-25-000003 ↗ filed May 13, 2025
Holdings Value
Holdings 1,164 stocks · $4.9B
| AAPL Apple Inc. | 6.17% | 1,365,400 | $304.7M | Add +8.2% |
| MSFT Microsoft Corp. | 4.97% | 641,684 | $245.2M | Add +6.8% |
| NVDA Nvidia Corp. | 4.81% | 2,154,259 | $237.3M | Add +1.3% |
| AMZN Amazon.com Inc. | 2.79% | 716,465 | $137.7M | Add +8.8% |
| GOOGL Alphabet Inc. Class A | 1.77% | 555,326 | $87.2M | Reduce -6.3% |
| GOOG Alphabet Inc. Class C | 1.73% | 536,082 | $85.2M | Add +28.8% |
| META Meta Platforms Inc. Class A | 1.72% | 144,756 | $84.8M | Add +8.1% |
| LLY Eli Lilly & Co. | 1.24% | 76,188 | $61.3M | Add +0.1% |
| V Visa Inc. Class A | 1.14% | 162,875 | $56.4M | Add +3.5% |
| AVGO Broadcom Inc. | 1.11% | 324,090 | $54.6M | Add +1.6% |
| MA Mastercard Inc. Class A | 1.01% | 90,844 | $49.8M | Add +5.6% |
| UNH Unitedhealth Group Inc. | 0.97% | 91,254 | $47.7M | Add +6.4% |
| TSLA Tesla Inc. | 0.81% | 148,177 | $39.8M | Add +2.1% |
| HD Home Depot Inc. | 0.74% | 100,289 | $36.7M | Add +6.0% |
| NFLX Netflix Inc. | 0.66% | 35,330 | $32.8M | Add +0.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.65% | 128,158 | $32.1M | Add +3.9% |
| T AT&T Inc. | 0.62% | 1,080,681 | $30.8M | Add +5.5% |
| ABT Abbott Laboratories | 0.58% | 218,423 | $28.8M | Add +16.0% |
| CRM Salesforce Inc. | 0.57% | 104,665 | $28.3M | Add +5.2% |
| CSCO Cisco Systems Inc. | 0.55% | 442,227 | $27.3M | Add +2.4% |
| BSX Boston Scientific Corp. | 0.55% | 268,848 | $27.2M | Add +11.1% |
| ORCL Oracle Corp. | 0.54% | 186,696 | $26.5M | Add +3.6% |
| SPGI S&P Global Inc. | 0.53% | 50,831 | $26.0M | Add +3.1% |
| MRK Merck & Co. Inc. | 0.52% | 292,645 | $25.5M | Add +1.9% |
| VZ Verizon Communications Inc. | 0.51% | 556,102 | $25.2M | Add +13.6% |
| GS Goldman Sachs Group Inc. | 0.51% | 45,812 | $25.1M | Reduce -2.4% |
| TMUS T-Mobile US Inc. | 0.50% | 92,598 | $24.9M | Add +2.4% |
| FISV Fiserv Inc. | 0.47% | 104,939 | $23.3M | Add +2.9% |
| BKNG Booking Holdings Inc. | 0.47% | 4,918 | $23.0M | Add +3.5% |
| ADP Automatic Data Processing | 0.46% | 74,643 | $22.9M | Add +9.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 42,630 | $22.7M | Add +29.6% |
| PGR Progressive Corp. | 0.45% | 77,754 | $22.1M | Add +3.8% |
| TMO Thermo Fisher Scientific Inc. | 0.44% | 45,104 | $21.8M | Add +7.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.44% | 176,927 | $21.7M | Add +5.8% |
| AXP American Express Co. | 0.43% | 78,736 | $21.3M | Add +1.8% |
| ACN Accenture PLC Class A | 0.41% | 65,048 | $20.4M | Reduce -7.2% |
| NOW ServiceNow Inc. | 0.41% | 25,099 | $20.4M | Reduce -2.5% |
| MS Morgan Stanley | 0.40% | 168,968 | $19.6M | Add +4.1% |
| SYK Stryker Corp. | 0.39% | 51,829 | $19.3M | Add +19.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.38% | 193,449 | $18.9M | Add +1.0% |
| CAT Caterpillar Inc. | 0.38% | 56,104 | $18.5M | Reduce -1.7% |
| QCOM Qualcomm Inc. | 0.37% | 118,975 | $18.2M | Add +2.0% |
| INTU Intuit Inc. | 0.36% | 29,227 | $17.9M | Add +8.2% |
| SAP Sap SE-Sponsored ADR | 0.36% | 65,796 | $17.8M | Reduce -2.4% |
| MRSH Marsh & McLennan Cos | 0.36% | 72,805 | $17.8M | Add +7.8% |
| CB Chubb Ltd. | 0.35% | 57,637 | $17.4M | Add +0.3% |
| AMAT Applied Materials Inc. | 0.34% | 114,740 | $16.7M | Reduce -5.3% |
| CMCSA Comcast Corp. Class A | 0.34% | 452,778 | $16.6M | Reduce -4.7% |
| ADBE Adobe Inc. | 0.34% | 43,199 | $16.6M | Reduce -5.6% |
| UBER Uber Technologies Inc. | 0.33% | 220,583 | $16.1M | Add +12.8% |
| ELV Elevance Health Inc. | 0.33% | 37,205 | $16.1M | Add +52.5% |
| PFE Pfizer Inc. | 0.32% | 643,515 | $15.8M | Add +43.2% |
| CME Cme Group Inc. | 0.31% | 59,112 | $15.5M | Add +10.6% |
| JPM JPMorgan Chase & Co. | 0.31% | 63,515 | $15.5M | Add +14.8% |
| DE Deere & Co. | 0.31% | 32,252 | $15.4M | Add +3.9% |
| WELL Welltower Inc. | 0.30% | 97,094 | $15.0M | Add +21.5% |
| TXN Texas Instruments Inc. | 0.30% | 83,907 | $14.9M | Add +3.5% |
| AFL Aflac Inc. | 0.30% | 132,607 | $14.9M | Add +6.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 354,505 | $14.7M | Add +138.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.30% | 174,532 | $14.6M | Add +15.4% |
| MDLZ Mondelez International Inc. Class A | 0.29% | 214,356 | $14.5M | Add +21.4% |
| CTAS Cintas Corp. | 0.29% | 68,233 | $14.2M | Add +6.1% |
| PNC PNC Financial Services Group | 0.29% | 80,710 | $14.1M | Add +5.5% |
| COST Costco Wholesale Corp. | 0.29% | 14,768 | $14.1M | Add +12.1% |
| MU Micron Technology Inc. | 0.28% | 157,661 | $14.0M | Reduce -2.7% |
| ABBV Abbvie Inc. | 0.28% | 67,797 | $14.0M | Reduce -30.6% |
| ISRG Intuitive Surgical Inc. | 0.28% | 27,884 | $13.8M | Reduce -33.6% |
| LOW Lowe's Cos Inc. | 0.28% | 58,257 | $13.6M | Add +16.1% |
| LRCX Lam Research Corp. | 0.27% | 183,690 | $13.4M | Reduce -2.4% |
| L Loews Corp. | 0.27% | 145,180 | $13.4M | Reduce -1.7% |
| ICE Intercontinental Exchange Inc. | 0.26% | 75,475 | $12.9M | Add +5.8% |
| VOTE TCW Transform 500 ETF | 0.26% | 196,977 | $12.9M | Add +295.5% |
| ITW Illinois Tool Works | 0.26% | 51,501 | $12.8M | Add +4.2% |
| EXC Exelon Corp. | 0.26% | 278,134 | $12.8M | Add +12.8% |
| AIG American International Group | 0.25% | 144,913 | $12.6M | Reduce -5.9% |
| MDT Medtronic PLC | 0.25% | 139,693 | $12.4M | Add +35.4% |
| CL Colgate-Palmolive Co. | 0.25% | 130,983 | $12.3M | Add +9.6% |
| DHR Danaher Corp. | 0.25% | 61,061 | $12.2M | Add +8.4% |
| TRV The Travelers Cos Inc. | 0.25% | 45,796 | $12.1M | Reduce -0.3% |
| SCHW Schwab (charles) Corp. | 0.24% | 155,389 | $12.1M | Add +1.7% |
| MCO Moody's Corp. | 0.24% | 25,476 | $11.9M | Add +0.9% |
| PEP Pepsico Inc. | 0.24% | 79,344 | $11.9M | Add +1.0% |
| AMGN Amgen Inc. | 0.24% | 38,283 | $11.7M | Reduce -23.2% |
| ED Consolidated Edison Inc. | 0.24% | 106,004 | $11.7M | Add +179.9% |
| PCAR Paccar Inc. | 0.24% | 118,652 | $11.7M | Add +3.5% |
| SONY Sony Group Corp. - SP ADR | 0.24% | 462,161 | $11.6M | Reduce -2.0% |
| BLK BlackRock Inc. | 0.23% | 12,139 | $11.5M | Reduce -3.9% |
| SPOT Spotify Technology SA | 0.23% | 20,736 | $11.4M | Add +48.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.23% | 33,240 | $11.4M | Add +16.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.23% | 66,852 | $11.3M | Add +3.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.23% | 165,133 | $11.2M | Reduce -3.8% |
| ES Eversource Energy | 0.23% | 179,552 | $11.1M | Add +8.9% |
| CI The Cigna Group | 0.22% | 32,470 | $10.7M | Reduce -34.7% |
| KLAC KLA Corp. | 0.22% | 15,660 | $10.7M | Add +8.2% |
| PANW Palo Alto Networks Inc. | 0.22% | 62,312 | $10.7M | Add +8.4% |
| GE General Electric filed as GE AEROSPACE | 0.21% | 51,831 | $10.6M | Add +4.6% |
| ETN Eaton Corp. PLC | 0.21% | 37,809 | $10.5M | Add +3.5% |
| PLD Prologis Inc. | 0.21% | 92,385 | $10.3M | Add +0.4% |
| ECL Ecolab Inc. | 0.20% | 39,542 | $10.1M | Add +19.6% |
| TRGP Targa Resources Corp. | 0.20% | 49,256 | $10.0M | Reduce -4.1% |
Portfolio Sells Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Reduce -6.3% | 1.77% | −0.50 |
| ISRG Intuitive Surgical Inc. | Reduce -33.6% | 0.28% | −0.16 |
| NOW ServiceNow Inc. | Reduce -2.5% | 0.41% | −0.14 |
| JNJ Johnson & Johnson | Reduce -45.0% | 0.17% | −0.12 |
| SRE Sempra | Reduce -25.0% | 0.17% | −0.11 |
| BDX Becton Dickinson and Co. | Reduce -55.1% | 0.08% | −0.09 |
| OKE Oneok Inc. | Reduce -33.8% | 0.17% | −0.09 |
| ACN Accenture PLC Class A | Reduce -7.2% | 0.41% | −0.08 |
| ANET Arista Networks Inc. | Reduce -3.6% | 0.18% | −0.08 |
| ADBE Adobe Inc. | Reduce -5.6% | 0.34% | −0.08 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -50.3% | 0.11% | −0.07 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.07 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -3.8% | 0.23% | −0.07 |
| ABBV Abbvie Inc. | Reduce -30.6% | 0.28% | −0.07 |
| CDNS Cadence Design SYS Inc. | Reduce -22.8% | 0.13% | −0.07 |
| REGN Regeneron Pharmaceuticals | Reduce -33.6% | 0.09% | −0.06 |
| BMY Bristol-Myers Squibb Co. | Reduce -34.6% | 0.14% | −0.06 |
| CI The Cigna Group | Reduce -34.7% | 0.22% | −0.06 |
| AMAT Applied Materials Inc. | Reduce -5.3% | 0.34% | −0.06 |
| EIX Edison International | Reduce -14.4% | 0.10% | −0.06 |
| RMD Resmed Inc. | Reduce -51.5% | 0.04% | −0.05 |
| NVS Novartis AG-Sponsored ADR | Reduce -28.2% | 0.19% | −0.04 |
| TGT Target Corp. | Reduce -18.2% | 0.07% | −0.04 |
| DEO Diageo PLC-Sponsored ADR | Reduce -47.3% | 0.03% | −0.04 |
| CAT Caterpillar Inc. | Reduce -1.7% | 0.38% | −0.04 |
| AMD Advanced Micro Devices | Reduce -10.5% | 0.13% | −0.04 |
| WPP WPP PLC-Sponsored ADR | Reduce -63.0% | 0.01% | −0.04 |
| CMG Chipotle Mexican Grill Inc. | Reduce -5.0% | 0.16% | −0.04 |
| HPE Hewlett Packard Enterprise | Reduce -11.1% | 0.07% | −0.04 |
| DHI D.R. Horton Inc. | Reduce -23.6% | 0.08% | −0.04 |
| GILD Gilead Sciences Inc. | Reduce -31.9% | 0.16% | −0.03 |
| VRT Vertiv Holdings Co. Class A | Reduce -0.7% | 0.07% | −0.03 |
| GS Goldman Sachs Group Inc. | Reduce -2.4% | 0.51% | −0.03 |
| NKE Nike Inc. Class B | Reduce -6.8% | 0.13% | −0.03 |
| USB US Bancorp | Reduce -3.8% | 0.18% | −0.03 |
| PTC PTC Inc. | Reduce -33.2% | 0.04% | −0.03 |
| BLK BlackRock Inc. | Reduce -3.9% | 0.23% | −0.03 |
| DELL Dell Technologies -C | Reduce -8.3% | 0.08% | −0.03 |
| SNPS Synopsys Inc. | Reduce -8.7% | 0.13% | −0.03 |
| CPNG Coupang Inc. | Reduce -67.1% | 0.01% | −0.03 |
| NXPI NXP Semiconductors NV | Reduce -25.9% | 0.06% | −0.03 |
| HAL Halliburton Co. | Reduce -8.5% | 0.17% | −0.03 |
| ORANY Orange-Spon ADR | Sold out | 0.00% | −0.03 |
| GEHC GE Healthcare Technology | Reduce -50.2% | 0.03% | −0.03 |
| ON On Semiconductor | Reduce -19.0% | 0.03% | −0.03 |
| HOLX Hologic Inc. | Reduce -79.7% | 0.01% | −0.03 |
| IRM Iron Mountain Inc. | Reduce -3.8% | 0.10% | −0.03 |
| ADI Analog Devices Inc. | Reduce -10.6% | 0.14% | −0.03 |
| OMC Omnicom Group | Reduce -20.0% | 0.07% | −0.03 |
| BIIB Biogen Inc. | Reduce -47.3% | 0.02% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| VOTE TCW Transform 500 ETF | Add +295.5% | 0.26% | +0.19 |
| ED Consolidated Edison Inc. | Add +179.9% | 0.24% | +0.17 |
| BAC Bank of America Corp. | Add +138.1% | 0.30% | +0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +29.6% | 0.46% | +0.16 |
| ABT Abbott Laboratories | Add +16.0% | 0.58% | +0.15 |
| T AT&T Inc. | Add +5.5% | 0.62% | +0.15 |
| ELV Elevance Health Inc. | Add +52.5% | 0.33% | +0.14 |
| V Visa Inc. Class A | Add +3.5% | 1.14% | +0.14 |
| META Meta Platforms Inc. Class A | Add +8.1% | 1.72% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +28.8% | 1.73% | +0.13 |
| VZ Verizon Communications Inc. | Add +13.6% | 0.51% | +0.12 |
| BSX Boston Scientific Corp. | Add +11.1% | 0.55% | +0.12 |
| SPOT Spotify Technology SA | Add +48.3% | 0.23% | +0.11 |
| IBM Intl Business Machines Corp. | Add +3.9% | 0.65% | +0.10 |
| TMUS T-Mobile US Inc. | Add +2.4% | 0.50% | +0.10 |
| WELL Welltower Inc. | Add +21.5% | 0.30% | +0.10 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.10% | +0.10 |
| MA Mastercard Inc. Class A | Add +5.6% | 1.01% | +0.10 |
| UNH Unitedhealth Group Inc. | Add +6.4% | 0.97% | +0.09 |
| UBER Uber Technologies Inc. | Add +12.8% | 0.33% | +0.09 |
| KMB Kimberly-Clark Corp. | Add +126.8% | 0.15% | +0.09 |
| PGR Progressive Corp. | Add +3.8% | 0.45% | +0.09 |
| MDT Medtronic PLC | Add +35.4% | 0.25% | +0.08 |
| MDLZ Mondelez International Inc. Class A | Add +21.4% | 0.29% | +0.08 |
| PFE Pfizer Inc. | Add +43.2% | 0.32% | +0.08 |
| SYK Stryker Corp. | Add +19.5% | 0.39% | +0.08 |
| EXC Exelon Corp. | Add +12.8% | 0.26% | +0.07 |
| MRSH Marsh & McLennan Cos | Add +7.8% | 0.36% | +0.07 |
| AJG Arthur J Gallagher & Co. | Add +16.3% | 0.23% | +0.07 |
| CME Cme Group Inc. | Add +10.6% | 0.31% | +0.06 |
| ORLY O'reilly Automotive Inc. | Add +155.3% | 0.09% | +0.06 |
| BNY Bank of New York Mellon Corp. | Add +15.4% | 0.30% | +0.06 |
| ADP Automatic Data Processing | Add +9.2% | 0.46% | +0.06 |
| LLY Eli Lilly & Co. | Add +0.1% | 1.24% | +0.06 |
| CTAS Cintas Corp. | Add +6.1% | 0.29% | +0.05 |
| FISV Fiserv Inc. | Add +2.9% | 0.47% | +0.05 |
| ICE Intercontinental Exchange Inc. | Add +5.8% | 0.26% | +0.05 |
| ECL Ecolab Inc. | Add +19.6% | 0.20% | +0.05 |
| GE General Electric | Add +4.6% | 0.21% | +0.05 |
| GRMN Garmin Ltd. | Add +35.8% | 0.16% | +0.05 |
| DE Deere & Co. | Add +3.9% | 0.31% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +14.8% | 0.31% | +0.05 |
| SNY Sanofi-ADR | Add +27.3% | 0.15% | +0.04 |
| XOM Exxon Mobil Corp. | Add +26.2% | 0.15% | +0.04 |
| PM Philip Morris International | Add +28.8% | 0.11% | +0.04 |
| COST Costco Wholesale Corp. | Add +12.1% | 0.29% | +0.04 |
| AFL Aflac Inc. | Add +6.3% | 0.30% | +0.04 |
| AON Aon PLC Class A | Add +12.3% | 0.19% | +0.04 |
| TTWO Take-Two Interactive Softwre | Add +25.7% | 0.12% | +0.04 |
| CSCO Cisco Systems Inc. | Add +2.4% | 0.55% | +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 |