Ethic Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), Ethic Inc. reported 1,214 stock positions worth $5.6 billion. Its top holding was Nvidia (NVDA) at 6.4% of the portfolio, followed by Microsoft (MSFT, 6.1%) and Apple (AAPL, 5.0%). Compared with Q1 2025, it opened 150 new positions, sold out of 100, added to 645 and reduced 415. The biggest buy was Nvidia (NVDA, shares +4%) and the biggest sale Alphabet Class A (GOOGL, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001780570
- Portfolio Value
- $5.6B (Q2 2025)
- SEC Filing
- 0001780570-25-000005 ↗ filed Jul 30, 2025
Holdings Value
Holdings 1,214 stocks · $5.6B
| NVDA Nvidia Corp. | 6.36% | 2,251,048 | $355.1M | Add +4.5% |
| MSFT Microsoft Corp. | 6.08% | 684,901 | $339.7M | Add +6.7% |
| AAPL Apple Inc. | 5.02% | 1,393,628 | $280.2M | Add +2.1% |
| AMZN Amazon.com Inc. | 2.97% | 742,871 | $165.9M | Add +3.7% |
| META Meta Platforms Inc. Class A | 2.01% | 153,146 | $112.4M | Add +5.8% |
| GOOG Alphabet Inc. Class C | 1.88% | 588,274 | $104.9M | Add +9.7% |
| GOOGL Alphabet Inc. Class A | 1.59% | 498,322 | $89.0M | Reduce -10.3% |
| AVGO Broadcom Inc. | 1.59% | 329,339 | $88.7M | Add +1.6% |
| NFLX Netflix Inc. | 1.07% | 45,349 | $60.0M | Add +28.4% |
| V Visa Inc. Class A | 1.07% | 172,115 | $60.0M | Add +5.7% |
| LLY Eli Lilly & Co. | 1.06% | 76,313 | $59.2M | Add +0.2% |
| TSLA Tesla Inc. | 0.91% | 156,885 | $50.8M | Add +5.9% |
| MA Mastercard Inc. Class A | 0.88% | 88,952 | $49.0M | Reduce -2.1% |
| ORCL Oracle Corp. | 0.74% | 196,572 | $41.3M | Add +5.3% |
| HD Home Depot Inc. | 0.68% | 103,443 | $38.1M | Add +3.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.68% | 131,420 | $38.1M | Add +2.5% |
| GS Goldman Sachs Group Inc. | 0.60% | 48,156 | $33.3M | Add +5.1% |
| CSCO Cisco Systems Inc. | 0.59% | 477,137 | $32.8M | Add +7.9% |
| T AT&T Inc. | 0.57% | 1,127,147 | $31.7M | Add +4.3% |
| ABT Abbott Laboratories | 0.56% | 233,182 | $31.3M | Add +6.8% |
| BSX Boston Scientific Corp. | 0.51% | 268,319 | $28.6M | Reduce -0.2% |
| UNH Unitedhealth Group Inc. | 0.51% | 91,289 | $28.2M | Add +0.0% |
| CRM Salesforce Inc. | 0.50% | 102,834 | $28.1M | Reduce -1.8% |
| BKNG Booking Holdings Inc. | 0.48% | 4,754 | $27.1M | Reduce -3.3% |
| SPGI S&P Global Inc. | 0.48% | 51,486 | $26.7M | Add +1.3% |
| NOW ServiceNow Inc. | 0.47% | 25,496 | $26.1M | Add +1.6% |
| MS Morgan Stanley | 0.46% | 184,382 | $25.9M | Add +9.1% |
| AXP American Express Co. | 0.46% | 80,325 | $25.5M | Add +2.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.44% | 199,309 | $24.4M | Add +3.0% |
| INTU Intuit Inc. | 0.44% | 31,284 | $24.3M | Add +7.0% |
| VZ Verizon Communications Inc. | 0.43% | 564,909 | $23.9M | Add +1.6% |
| MRK Merck & Co. Inc. | 0.43% | 300,648 | $23.8M | Add +2.7% |
| ADP Automatic Data Processing | 0.41% | 75,710 | $23.0M | Add +1.4% |
| CAT Caterpillar Inc. | 0.40% | 58,256 | $22.4M | Add +3.8% |
| AMAT Applied Materials Inc. | 0.39% | 119,638 | $21.9M | Add +4.3% |
| SYK Stryker Corp. | 0.39% | 54,815 | $21.6M | Add +5.8% |
| TMUS T-Mobile US Inc. | 0.38% | 91,158 | $21.4M | Reduce -1.6% |
| UBER Uber Technologies Inc. | 0.37% | 227,946 | $20.9M | Add +3.3% |
| VOTE TCW Transform 500 ETF | 0.36% | 278,514 | $20.2M | Add +41.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 41,093 | $20.0M | Reduce -3.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.35% | 158,671 | $19.6M | Reduce -10.3% |
| PGR Progressive Corp. | 0.34% | 72,016 | $19.0M | Reduce -7.4% |
| SAP Sap SE-Sponsored ADR | 0.34% | 62,485 | $18.8M | Reduce -5.0% |
| FISV Fiserv Inc. | 0.34% | 108,739 | $18.7M | Add +3.6% |
| QCOM Qualcomm Inc. | 0.33% | 117,608 | $18.6M | Reduce -1.1% |
| PFE Pfizer Inc. | 0.33% | 764,329 | $18.5M | Add +18.8% |
| JPM JPMorgan Chase & Co. | 0.33% | 63,990 | $18.4M | Add +0.8% |
| LRCX Lam Research Corp. | 0.33% | 187,307 | $18.2M | Add +2.0% |
| TXN Texas Instruments Inc. | 0.33% | 87,874 | $18.2M | Add +4.7% |
| ACN Accenture PLC Class A | 0.30% | 57,621 | $17.0M | Reduce -11.4% |
| ADBE Adobe Inc. | 0.30% | 44,036 | $17.0M | Add +1.9% |
| GEV GE Vernova Inc. | 0.30% | 32,594 | $16.9M | Add +80.1% |
| SPOT Spotify Technology SA | 0.30% | 21,826 | $16.9M | Add +5.3% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.30% | 184,936 | $16.9M | Add +6.0% |
| TMO Thermo Fisher Scientific Inc. | 0.30% | 41,073 | $16.8M | Reduce -8.9% |
| CME Cme Group Inc. | 0.30% | 60,718 | $16.7M | Add +2.7% |
| CB Chubb Ltd. | 0.30% | 57,825 | $16.5M | Add +0.3% |
| MU Micron Technology Inc. | 0.29% | 130,838 | $16.3M | Reduce -17.0% |
| DE Deere & Co. | 0.29% | 31,251 | $16.0M | Reduce -3.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.28% | 68,336 | $15.6M | Add +2.2% |
| SCHW Schwab (charles) Corp. | 0.28% | 173,186 | $15.6M | Add +11.4% |
| WELL Welltower Inc. | 0.28% | 101,657 | $15.5M | Add +4.7% |
| CTAS Cintas Corp. | 0.28% | 70,011 | $15.5M | Add +2.6% |
| PNC PNC Financial Services Group | 0.27% | 82,245 | $15.3M | Add +1.9% |
| LOW Lowe's Cos Inc. | 0.27% | 68,083 | $15.2M | Add +16.9% |
| ELV Elevance Health Inc. | 0.27% | 39,769 | $15.2M | Add +6.9% |
| COF Capital One Financial Corp. | 0.27% | 71,800 | $15.2M | Add +115.3% |
| MDLZ Mondelez International Inc. Class A | 0.27% | 223,230 | $15.1M | Add +4.1% |
| CMCSA Comcast Corp. Class A | 0.27% | 426,136 | $15.1M | Reduce -5.9% |
| MRSH Marsh & McLennan Cos | 0.27% | 68,479 | $14.9M | Reduce -5.9% |
| KLAC KLA Corp. | 0.26% | 16,302 | $14.5M | Add +4.1% |
| COST Costco Wholesale Corp. | 0.26% | 14,714 | $14.5M | Reduce -0.4% |
| ETN Eaton Corp. PLC | 0.26% | 40,770 | $14.4M | Add +7.8% |
| ISRG Intuitive Surgical Inc. | 0.25% | 26,614 | $14.2M | Reduce -4.5% |
| ED Consolidated Edison Inc. | 0.25% | 140,632 | $13.8M | Add +32.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 22,371 | $13.8M | Add +1169.6% |
| PLTR Palantir Technologies Inc. Class A | 0.24% | 103,404 | $13.5M | Add +16.2% |
| GE General Electric filed as GE AEROSPACE | 0.24% | 53,059 | $13.5M | Add +2.4% |
| AFL Aflac Inc. | 0.24% | 128,188 | $13.5M | Reduce -3.3% |
| PANW Palo Alto Networks Inc. | 0.24% | 66,261 | $13.3M | Add +6.3% |
| L Loews Corp. | 0.24% | 146,404 | $13.2M | Add +0.8% |
| DHR Danaher Corp. | 0.23% | 65,613 | $13.0M | Add +7.5% |
| ICE Intercontinental Exchange Inc. | 0.23% | 70,706 | $12.9M | Reduce -6.3% |
| MDT Medtronic PLC | 0.23% | 146,418 | $12.6M | Add +4.8% |
| EXC Exelon Corp. | 0.22% | 290,615 | $12.5M | Add +4.5% |
| SONY Sony Group Corp. - SP ADR | 0.22% | 473,381 | $12.4M | Add +2.4% |
| ITW Illinois Tool Works | 0.22% | 50,188 | $12.4M | Reduce -2.5% |
| MCO Moody's Corp. | 0.22% | 25,362 | $12.4M | Reduce -0.5% |
| TRV The Travelers Cos Inc. | 0.22% | 46,194 | $12.2M | Add +0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.22% | 257,311 | $12.1M | Reduce -27.4% |
| DASH DoorDash Inc. Class A | 0.22% | 49,862 | $12.1M | Add +24.0% |
| ABBV Abbvie Inc. | 0.21% | 65,780 | $12.0M | Reduce -3.0% |
| WMT Walmart Inc. | 0.21% | 122,500 | $11.9M | Add +9.8% |
| PWR Quanta Services Inc. | 0.21% | 31,237 | $11.9M | Add +0.1% |
| JCI Johnson Controls Internation | 0.21% | 112,959 | $11.9M | Add +3.5% |
| ASML ASML Holding NV-NY Reg SHS | 0.21% | 14,759 | $11.7M | Reduce -0.2% |
| TT Trane Technologies PLC | 0.21% | 26,836 | $11.6M | Add +6.6% |
| AMT American Tower Corp. | 0.20% | 52,343 | $11.4M | Add +15.4% |
| AMD Advanced Micro Devices | 0.20% | 79,196 | $11.4M | Add +22.7% |
| WAB Wabtec Corp. | 0.20% | 54,650 | $11.4M | Add +0.9% |
Portfolio Sells Q1 2025 → Q2 2025
| GOOGL Alphabet Inc. Class A | Reduce -10.3% | 1.59% | −0.17 |
| TMO Thermo Fisher Scientific Inc. | Reduce -8.9% | 0.30% | −0.14 |
| MA Mastercard Inc. Class A | Reduce -2.1% | 0.88% | −0.13 |
| PEP Pepsico Inc. | Reduce -35.3% | 0.12% | −0.12 |
| TMUS T-Mobile US Inc. | Reduce -1.6% | 0.38% | −0.12 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -44.2% | 0.11% | −0.11 |
| ACN Accenture PLC Class A | Reduce -11.4% | 0.30% | −0.11 |
| PGR Progressive Corp. | Reduce -7.4% | 0.34% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.6% | 0.36% | −0.10 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.10 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −0.10 |
| MRSH Marsh & McLennan Cos | Reduce -5.9% | 0.27% | −0.09 |
| TJX TJX Companies Inc. | Reduce -10.3% | 0.35% | −0.09 |
| AJG Arthur J Gallagher & Co. | Reduce -21.6% | 0.15% | −0.08 |
| BAC Bank of America Corp. | Reduce -27.4% | 0.22% | −0.08 |
| TRGP Targa Resources Corp. | Reduce -18.5% | 0.13% | −0.08 |
| ATO Atmos Energy Corp. | Reduce -42.1% | 0.08% | −0.08 |
| CRM Salesforce Inc. | Reduce -1.8% | 0.50% | −0.07 |
| ABBV Abbvie Inc. | Reduce -3.0% | 0.21% | −0.07 |
| DTM DT Midstream Inc. | Reduce -80.9% | 0.02% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -5.9% | 0.27% | −0.07 |
| CPRT Copart Inc. | Reduce -9.6% | 0.13% | −0.06 |
| AIG American International Group | Reduce -12.4% | 0.19% | −0.06 |
| AFL Aflac Inc. | Reduce -3.3% | 0.24% | −0.06 |
| TPL Texas Pacific Land Corp. | Reduce -45.6% | 0.04% | −0.06 |
| ES Eversource Energy | Reduce -15.9% | 0.17% | −0.05 |
| SNY Sanofi-ADR | Reduce -18.9% | 0.09% | −0.05 |
| OTIS Otis Worldwide Corp. | Reduce -24.2% | 0.09% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Reduce -10.8% | 0.08% | −0.05 |
| PCAR Paccar Inc. | Reduce -8.0% | 0.19% | −0.05 |
| CL Colgate-Palmolive Co. | Reduce -4.3% | 0.20% | −0.05 |
| GRMN Garmin Ltd. | Reduce -18.2% | 0.11% | −0.05 |
| CI The Cigna Group | Reduce -10.3% | 0.17% | −0.05 |
| BLK BlackRock Inc. | Reduce -18.8% | 0.18% | −0.05 |
| CHD Church & Dwight Co. Inc. | Reduce -7.3% | 0.11% | −0.04 |
| BDX Becton Dickinson and Co. | Reduce -28.3% | 0.04% | −0.04 |
| BSX Boston Scientific Corp. | Reduce -0.2% | 0.51% | −0.04 |
| STZ Constellation Brands Inc. Class A | Reduce -7.5% | 0.10% | −0.04 |
| O Realty Income Corp. | Reduce -20.7% | 0.09% | −0.04 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -31.4% | 0.09% | −0.04 |
| ITW Illinois Tool Works | Reduce -2.5% | 0.22% | −0.04 |
| DINO HF Sinclair Corp. | Sold out | 0.00% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -1.1% | 0.33% | −0.04 |
| HSBC HSBC Holdings PLC-Spons ADR | Reduce -11.9% | 0.16% | −0.03 |
| WTRG Essential Utilities Inc. | Reduce -61.5% | 0.02% | −0.03 |
| TAP Molson Coors Beverage Co. Class B | Reduce -21.4% | 0.04% | −0.03 |
| BERY Berry Global Group Inc. | Sold out | 0.00% | −0.03 |
| ICE Intercontinental Exchange Inc. | Reduce -6.3% | 0.23% | −0.03 |
| SJM The JM Smucker Co. | Reduce -2.6% | 0.07% | −0.03 |
| SPG Simon Property Group Inc. | Reduce -3.5% | 0.15% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +4.5% | 6.36% | +1.55 |
| MSFT Microsoft Corp. | Add +6.7% | 6.08% | +1.12 |
| AVGO Broadcom Inc. | Add +1.6% | 1.59% | +0.48 |
| NFLX Netflix Inc. | Add +28.4% | 1.07% | +0.41 |
| META Meta Platforms Inc. Class A | Add +5.8% | 2.01% | +0.29 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1169.6% | 0.25% | +0.23 |
| ORCL Oracle Corp. | Add +5.3% | 0.74% | +0.20 |
| GEV GE Vernova Inc. | Add +80.1% | 0.30% | +0.19 |
| AMZN Amazon.com Inc. | Add +3.7% | 2.97% | +0.18 |
| GOOG Alphabet Inc. Class C | Add +9.7% | 1.88% | +0.15 |
| COF Capital One Financial Corp. | Add +115.3% | 0.27% | +0.15 |
| AWK American Water Works Co. Inc. | Add +373.8% | 0.16% | +0.12 |
| TSLA Tesla Inc. | Add +5.9% | 0.91% | +0.10 |
| VOTE TCW Transform 500 ETF | Add +41.4% | 0.36% | +0.10 |
| PLTR Palantir Technologies Inc. Class A | Add +16.2% | 0.24% | +0.09 |
| GS Goldman Sachs Group Inc. | Add +5.1% | 0.60% | +0.09 |
| COIN Coinbase Global Inc. Class A | Add +67.6% | 0.11% | +0.07 |
| INTU Intuit Inc. | Add +7.0% | 0.44% | +0.07 |
| SPOT Spotify Technology SA | Add +5.3% | 0.30% | +0.07 |
| AMD Advanced Micro Devices | Add +22.7% | 0.20% | +0.07 |
| REGN Regeneron Pharmaceuticals | Add +137.9% | 0.16% | +0.07 |
| MS Morgan Stanley | Add +9.1% | 0.46% | +0.07 |
| DASH DoorDash Inc. Class A | Add +24.0% | 0.22% | +0.07 |
| RBLX Roblox Corp. Class A | Add +368.4% | 0.08% | +0.07 |
| MCHP Microchip Technology Inc. | Add +63.3% | 0.11% | +0.06 |
| LRCX Lam Research Corp. | Add +2.0% | 0.33% | +0.06 |
| NOW ServiceNow Inc. | Add +1.6% | 0.47% | +0.05 |
| AMAT Applied Materials Inc. | Add +4.3% | 0.39% | +0.05 |
| DIS The Walt Disney Co. | Add +3.0% | 0.44% | +0.05 |
| NUE Nucor Corp. | Add +160.2% | 0.09% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.2% | 0.28% | +0.05 |
| PWR Quanta Services Inc. | Add +0.1% | 0.21% | +0.05 |
| NET Cloudflare Inc. Class A | Add +13.4% | 0.12% | +0.05 |
| CEG Constellation Energy | Add +19.8% | 0.12% | +0.05 |
| MPWR Monolithic Power Systems Inc. | Add +89.5% | 0.09% | +0.05 |
| UBER Uber Technologies Inc. | Add +3.3% | 0.37% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +6.9% | 0.20% | +0.05 |
| APH Amphenol Corp. Class A | Add +1.3% | 0.19% | +0.05 |
| VRT Vertiv Holdings Co. Class A | Add +13.8% | 0.11% | +0.05 |
| ETN Eaton Corp. PLC | Add +7.8% | 0.26% | +0.05 |
| FITB Fifth Third Bancorp | Add +72.2% | 0.11% | +0.04 |
| AXON Axon Enterprise Inc. | Add +90.8% | 0.07% | +0.04 |
| KLAC KLA Corp. | Add +4.1% | 0.26% | +0.04 |
| DLTR Dollar Tree Inc. | Add +39.3% | 0.11% | +0.04 |
| DG Dollar General Corp. | Add +127.2% | 0.07% | +0.04 |
| HOOD Robinhood Markets Inc. Class A | Add +20.4% | 0.08% | +0.04 |
| LH Labcorp Holdings Inc. | Add +226.6% | 0.05% | +0.04 |
| SCHW Schwab (charles) Corp. | Add +11.4% | 0.28% | +0.03 |
| MAC COPPER LTD | New | 0.03% | +0.03 |
| TT Trane Technologies PLC | Add +6.6% | 0.21% | +0.03 |
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 |