Ethic Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 17, 2025), Ethic Inc. reported 1,192 stock positions worth $6.1 billion. Its top holding was Nvidia (NVDA) at 7.0% of the portfolio, followed by Apple (AAPL, 5.9%) and Microsoft (MSFT, 5.7%). Compared with Q2 2025, it opened 102 new positions, sold out of 124, added to 507 and reduced 577. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale Microsoft (MSFT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001780570
- Portfolio Value
- $6.1B (Q3 2025)
- SEC Filing
- 0001780570-25-000008 ↗ filed Oct 17, 2025
Holdings Value
Holdings 1,192 stocks · $6.1B
| NVDA Nvidia Corp. | 7.03% | 2,290,183 | $427.3M | Add +1.7% |
| AAPL Apple Inc. | 5.88% | 1,404,405 | $357.6M | Add +0.8% |
| MSFT Microsoft Corp. | 5.68% | 665,975 | $344.9M | Reduce -2.8% |
| AMZN Amazon.com Inc. | 2.70% | 747,081 | $164.0M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 2.22% | 556,193 | $135.2M | Add +11.6% |
| GOOG Alphabet Inc. Class C | 2.17% | 541,455 | $131.9M | Reduce -8.0% |
| META Meta Platforms Inc. Class A | 1.87% | 154,450 | $113.4M | Add +0.8% |
| AVGO Broadcom Inc. | 1.86% | 343,583 | $113.4M | Add +4.3% |
| TSLA Tesla Inc. | 1.16% | 158,705 | $70.6M | Add +1.2% |
| V Visa Inc. Class A | 0.98% | 174,537 | $59.6M | Add +1.4% |
| LLY Eli Lilly & Co. | 0.95% | 75,908 | $57.9M | Reduce -0.5% |
| ORCL Oracle Corp. | 0.92% | 197,979 | $55.7M | Add +0.7% |
| NFLX Netflix Inc. | 0.90% | 45,431 | $54.5M | Add +0.2% |
| MA Mastercard Inc. Class A | 0.81% | 86,227 | $49.0M | Reduce -3.1% |
| HD Home Depot Inc. | 0.70% | 105,506 | $42.8M | Add +2.0% |
| GS Goldman Sachs Group Inc. | 0.63% | 48,200 | $38.4M | Add +0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.57% | 121,777 | $34.4M | Reduce -7.3% |
| CSCO Cisco Systems Inc. | 0.54% | 483,469 | $33.1M | Add +1.3% |
| UNH Unitedhealth Group Inc. | 0.52% | 91,552 | $31.6M | Add +0.3% |
| T AT&T Inc. | 0.51% | 1,091,143 | $30.8M | Reduce -3.2% |
| ABT Abbott Laboratories | 0.49% | 223,658 | $30.0M | Reduce -4.1% |
| MS Morgan Stanley | 0.49% | 185,617 | $29.5M | Add +0.7% |
| VOTE TCW Transform 500 ETF | 0.47% | 363,221 | $28.5M | Add +30.4% |
| CAT Caterpillar Inc. | 0.45% | 57,824 | $27.6M | Reduce -0.7% |
| AXP American Express Co. | 0.44% | 79,763 | $26.5M | Reduce -0.7% |
| BKNG Booking Holdings Inc. | 0.42% | 4,736 | $25.6M | Reduce -0.4% |
| SPGI S&P Global Inc. | 0.41% | 50,684 | $24.7M | Reduce -1.6% |
| LRCX Lam Research Corp. | 0.40% | 183,751 | $24.6M | Reduce -1.9% |
| MRK Merck & Co. Inc. | 0.40% | 291,066 | $24.4M | Reduce -3.2% |
| VZ Verizon Communications Inc. | 0.40% | 554,312 | $24.4M | Reduce -1.9% |
| CRM Salesforce Inc. | 0.40% | 102,379 | $24.3M | Reduce -0.4% |
| BSX Boston Scientific Corp. | 0.38% | 239,581 | $23.4M | Reduce -10.7% |
| NOW ServiceNow Inc. | 0.38% | 25,408 | $23.4M | Reduce -0.3% |
| AMAT Applied Materials Inc. | 0.38% | 113,986 | $23.3M | Reduce -4.7% |
| AMD Advanced Micro Devices | 0.38% | 143,975 | $23.3M | Add +81.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.38% | 46,182 | $23.2M | Add +12.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.37% | 196,463 | $22.5M | Reduce -1.4% |
| UBER Uber Technologies Inc. | 0.37% | 227,820 | $22.3M | Reduce -0.1% |
| TMO Thermo Fisher Scientific Inc. | 0.37% | 45,971 | $22.3M | Add +11.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.36% | 151,232 | $21.9M | Reduce -4.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.36% | 422,944 | $21.8M | Add +64.4% |
| MU Micron Technology Inc. | 0.36% | 129,204 | $21.6M | Reduce -1.3% |
| INTU Intuit Inc. | 0.35% | 31,544 | $21.5M | Add +0.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.35% | 76,692 | $21.4M | Add +12.2% |
| ADP Automatic Data Processing | 0.35% | 72,943 | $21.4M | Reduce -3.6% |
| JPM JPMorgan Chase & Co. | 0.35% | 67,702 | $21.4M | Add +5.8% |
| TMUS T-Mobile US Inc. | 0.33% | 84,143 | $20.1M | Reduce -7.7% |
| PLTR Palantir Technologies Inc. Class A | 0.33% | 110,377 | $20.1M | Add +6.7% |
| GEV GE Vernova Inc. | 0.33% | 32,664 | $20.1M | Add +0.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.33% | 182,996 | $19.9M | Reduce -1.1% |
| WELL Welltower Inc. | 0.32% | 108,883 | $19.4M | Add +7.1% |
| LOW Lowe's Cos Inc. | 0.32% | 76,835 | $19.3M | Add +12.8% |
| SYK Stryker Corp. | 0.31% | 51,125 | $18.9M | Reduce -6.7% |
| QCOM Qualcomm Inc. | 0.30% | 111,380 | $18.5M | Reduce -5.3% |
| KLAC KLA Corp. | 0.30% | 16,979 | $18.3M | Add +4.2% |
| PFE Pfizer Inc. | 0.30% | 716,961 | $18.3M | Reduce -6.2% |
| ISRG Intuitive Surgical Inc. | 0.30% | 40,405 | $18.1M | Add +51.8% |
| ASML ASML Holding NV-NY Reg SHS | 0.29% | 18,192 | $17.6M | Add +23.3% |
| COF Capital One Financial Corp. | 0.29% | 82,265 | $17.5M | Add +14.6% |
| PGR Progressive Corp. | 0.28% | 69,524 | $17.2M | Reduce -3.5% |
| SCHW Schwab (charles) Corp. | 0.28% | 176,618 | $16.9M | Add +2.0% |
| PNC PNC Financial Services Group | 0.27% | 82,020 | $16.5M | Reduce -0.3% |
| GE General Electric filed as GE AEROSPACE | 0.27% | 54,298 | $16.3M | Add +2.3% |
| CB Chubb Ltd. | 0.27% | 57,170 | $16.1M | Reduce -1.1% |
| ABBV Abbvie Inc. | 0.26% | 69,315 | $16.0M | Add +5.4% |
| SAP Sap SE-Sponsored ADR | 0.26% | 60,020 | $16.0M | Reduce -3.9% |
| CME Cme Group Inc. | 0.26% | 58,347 | $15.8M | Reduce -3.9% |
| SPOT Spotify Technology SA | 0.26% | 22,508 | $15.7M | Add +3.1% |
| JNJ Johnson & Johnson | 0.25% | 83,440 | $15.5M | Add +39.4% |
| TXN Texas Instruments Inc. | 0.25% | 83,877 | $15.4M | Reduce -4.5% |
| ETN Eaton Corp. PLC | 0.25% | 39,993 | $15.0M | Reduce -1.9% |
| SONY Sony Group Corp. - SP ADR | 0.24% | 511,437 | $14.7M | Add +8.0% |
| ANET Arista Networks Inc. | 0.24% | 99,916 | $14.6M | Reduce -2.0% |
| WMT Walmart Inc. | 0.24% | 140,996 | $14.5M | Add +15.1% |
| COST Costco Wholesale Corp. | 0.24% | 15,689 | $14.5M | Add +6.6% |
| ED Consolidated Edison Inc. | 0.24% | 144,231 | $14.5M | Add +2.6% |
| EXC Exelon Corp. | 0.23% | 310,701 | $14.0M | Add +6.9% |
| AWK American Water Works Co. Inc. | 0.23% | 99,935 | $13.9M | Add +52.1% |
| PANW Palo Alto Networks Inc. | 0.23% | 67,879 | $13.8M | Add +2.4% |
| L Loews Corp. | 0.22% | 135,925 | $13.6M | Reduce -7.2% |
| APH Amphenol Corp. Class A | 0.22% | 109,860 | $13.6M | Add +1.4% |
| ADBE Adobe Inc. | 0.22% | 38,455 | $13.6M | Reduce -12.7% |
| INTC Intel Corp. | 0.22% | 399,858 | $13.4M | Add +7.6% |
| GLW Corning Inc. | 0.22% | 162,912 | $13.4M | Reduce -4.1% |
| DE Deere & Co. | 0.22% | 29,146 | $13.3M | Reduce -6.7% |
| JCI Johnson Controls Internation | 0.22% | 120,882 | $13.3M | Add +7.0% |
| DASH DoorDash Inc. Class A | 0.22% | 48,617 | $13.2M | Reduce -2.5% |
| CTAS Cintas Corp. | 0.22% | 64,303 | $13.2M | Reduce -8.2% |
| AFL Aflac Inc. | 0.21% | 116,604 | $13.0M | Reduce -9.0% |
| MDT Medtronic PLC | 0.21% | 135,412 | $12.9M | Reduce -7.5% |
| ITW Illinois Tool Works | 0.21% | 49,390 | $12.9M | Reduce -1.6% |
| TRV The Travelers Cos Inc. | 0.21% | 45,543 | $12.7M | Reduce -1.4% |
| PWR Quanta Services Inc. | 0.21% | 30,623 | $12.7M | Reduce -2.0% |
| ICE Intercontinental Exchange Inc. | 0.21% | 74,934 | $12.6M | Add +6.0% |
| APP AppLovin Corp. Class A | 0.21% | 17,459 | $12.5M | Add +150.5% |
| MRSH Marsh & McLennan Cos | 0.21% | 61,873 | $12.5M | Reduce -9.7% |
| EBAY eBay Inc. | 0.20% | 135,718 | $12.3M | Add +6.6% |
| CMCSA Comcast Corp. Class A | 0.20% | 392,448 | $12.3M | Reduce -7.9% |
| C Citigroup Inc. | 0.20% | 120,816 | $12.3M | Reduce -1.4% |
| BLK BlackRock Inc. | 0.20% | 10,385 | $12.1M | Add +5.4% |
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -2.8% | 5.68% | −0.41 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -92.5% | 0.02% | −0.23 |
| FISV Fiserv Inc. | Reduce -13.7% | 0.20% | −0.14 |
| BSX Boston Scientific Corp. | Reduce -10.7% | 0.38% | −0.13 |
| ACN Accenture PLC Class A | Reduce -20.9% | 0.18% | −0.12 |
| IBM Intl Business Machines Corp. | Reduce -7.3% | 0.57% | −0.12 |
| LLY Eli Lilly & Co. | Reduce -0.5% | 0.95% | −0.11 |
| CRM Salesforce Inc. | Reduce -0.4% | 0.40% | −0.10 |
| ELV Elevance Health Inc. | Reduce -17.0% | 0.18% | −0.10 |
| NOW ServiceNow Inc. | Reduce -0.3% | 0.38% | −0.08 |
| ADBE Adobe Inc. | Reduce -12.7% | 0.22% | −0.08 |
| SYK Stryker Corp. | Reduce -6.7% | 0.31% | −0.08 |
| MDLZ Mondelez International Inc. Class A | Reduce -14.4% | 0.20% | −0.07 |
| SAP Sap SE-Sponsored ADR | Reduce -3.9% | 0.26% | −0.07 |
| TXN Texas Instruments Inc. | Reduce -4.5% | 0.25% | −0.07 |
| SPGI S&P Global Inc. | Reduce -1.6% | 0.41% | −0.07 |
| MA Mastercard Inc. Class A | Reduce -3.1% | 0.81% | −0.07 |
| CMG Chipotle Mexican Grill Inc. | Reduce -21.1% | 0.07% | −0.07 |
| ABT Abbott Laboratories | Reduce -4.1% | 0.49% | −0.07 |
| DE Deere & Co. | Reduce -6.7% | 0.22% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -7.9% | 0.20% | −0.07 |
| DIS The Walt Disney Co. | Reduce -1.4% | 0.37% | −0.07 |
| BKNG Booking Holdings Inc. | Reduce -0.4% | 0.42% | −0.06 |
| FTV Fortive Corp. | Reduce -58.9% | 0.02% | −0.06 |
| MRSH Marsh & McLennan Cos | Reduce -9.7% | 0.21% | −0.06 |
| T AT&T Inc. | Reduce -3.2% | 0.51% | −0.06 |
| CTAS Cintas Corp. | Reduce -8.2% | 0.22% | −0.06 |
| ADP Automatic Data Processing | Reduce -3.6% | 0.35% | −0.06 |
| ORLY O'reilly Automotive Inc. | Reduce -59.1% | 0.05% | −0.06 |
| PGR Progressive Corp. | Reduce -3.5% | 0.28% | −0.06 |
| ZTS Zoetis Inc. | Reduce -28.9% | 0.09% | −0.06 |
| CARR Carrier Global Corp. | Reduce -12.4% | 0.11% | −0.06 |
| WAB Wabtec Corp. | Reduce -18.6% | 0.15% | −0.06 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.06 |
| CL Colgate-Palmolive Co. | Reduce -12.4% | 0.14% | −0.05 |
| IR Ingersoll-Rand Inc. | Reduce -36.2% | 0.07% | −0.05 |
| TMUS T-Mobile US Inc. | Reduce -7.7% | 0.33% | −0.05 |
| TRGP Targa Resources Corp. | Reduce -34.1% | 0.07% | −0.05 |
| AMT American Tower Corp. | Reduce -7.2% | 0.15% | −0.05 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -24.9% | 0.06% | −0.05 |
| FICO Fair Isaac Corp. | Reduce -32.9% | 0.05% | −0.05 |
| GDDY GoDaddy Inc. Class A | Reduce -29.0% | 0.05% | −0.05 |
| ROP Roper Technologies Inc. | Reduce -20.3% | 0.09% | −0.05 |
| CPRT Copart Inc. | Reduce -23.6% | 0.09% | −0.05 |
| FIS Fidelity National Info Serv | Reduce -18.5% | 0.07% | −0.05 |
| AIG American International Group | Reduce -10.1% | 0.15% | −0.04 |
| DXCM Dexcom Inc. | Reduce -38.4% | 0.03% | −0.04 |
| KDP Keurig Dr Pepper Inc. | Reduce -9.6% | 0.08% | −0.04 |
| MCHP Microchip Technology Inc. | Reduce -24.3% | 0.07% | −0.04 |
| DHR Danaher Corp. | Reduce -10.2% | 0.19% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +0.8% | 5.88% | +0.86 |
| NVDA Nvidia Corp. | Add +1.7% | 7.03% | +0.67 |
| GOOGL Alphabet Inc. Class A | Add +11.6% | 2.22% | +0.63 |
| AVGO Broadcom Inc. | Add +4.3% | 1.86% | +0.28 |
| TSLA Tesla Inc. | Add +1.2% | 1.16% | +0.25 |
| AMD Advanced Micro Devices | Add +81.8% | 0.38% | +0.18 |
| ORCL Oracle Corp. | Add +0.7% | 0.92% | +0.18 |
| APP AppLovin Corp. Class A | Add +150.5% | 0.21% | +0.16 |
| BAC Bank of America Corp. | Add +64.4% | 0.36% | +0.14 |
| VOTE TCW Transform 500 ETF | Add +30.4% | 0.47% | +0.11 |
| JNJ Johnson & Johnson | Add +39.4% | 0.25% | +0.09 |
| PLTR Palantir Technologies Inc. Class A | Add +6.7% | 0.33% | +0.09 |
| VLO Valero Energy Corp. | Add +248.4% | 0.11% | +0.09 |
| ASML ASML Holding NV-NY Reg SHS | Add +23.3% | 0.29% | +0.08 |
| BDX Becton Dickinson and Co. | Add +215.4% | 0.12% | +0.08 |
| BIIB Biogen Inc. | Add +257.7% | 0.10% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | Add +12.2% | 0.35% | +0.07 |
| INTC Intel Corp. | Add +7.6% | 0.22% | +0.07 |
| MNST Monster Beverage Corp. | Add +172.0% | 0.11% | +0.07 |
| BMY Bristol-Myers Squibb Co. | Add +100.4% | 0.15% | +0.07 |
| AWK American Water Works Co. Inc. | Add +52.1% | 0.23% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +11.9% | 0.37% | +0.07 |
| XYL Xylem Inc. | Add +54.1% | 0.16% | +0.06 |
| CRH CRH PLC | Add +344.7% | 0.06% | +0.05 |
| HCA HCA Healthcare Inc. | Add +72.8% | 0.12% | +0.05 |
| ABBV Abbvie Inc. | Add +5.4% | 0.26% | +0.05 |
| DHI D.R. Horton Inc. | Add +23.5% | 0.15% | +0.05 |
| MSTR Strategy Inc. | Add +335.9% | 0.07% | +0.05 |
| FTI Technipfmc PLC | Add +286.2% | 0.06% | +0.05 |
| LOW Lowe's Cos Inc. | Add +12.8% | 0.32% | +0.04 |
| AZO AutoZone Inc. | Add +19.1% | 0.19% | +0.04 |
| ISRG Intuitive Surgical Inc. | Add +51.8% | 0.30% | +0.04 |
| WELL Welltower Inc. | Add +7.1% | 0.32% | +0.04 |
| KLAC KLA Corp. | Add +4.2% | 0.30% | +0.04 |
| RMD Resmed Inc. | Add +98.1% | 0.08% | +0.04 |
| BABA Alibaba Group Holding-SP ADR | Add +31.4% | 0.08% | +0.04 |
| EXR Extra Space Storage Inc. | Add +298.0% | 0.05% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +0.1% | 0.63% | +0.04 |
| EBAY eBay Inc. | Add +6.6% | 0.20% | +0.03 |
| RDDT Reddit Inc. Class A | Add +447.3% | 0.04% | +0.03 |
| STT State Street Corp. | Add +40.5% | 0.12% | +0.03 |
| APH Amphenol Corp. Class A | Add +1.4% | 0.22% | +0.03 |
| WDC Western Digital Corp. | Add +6.8% | 0.07% | +0.03 |
| PTC PTC Inc. | Add +52.0% | 0.08% | +0.03 |
| VNOM Viper Energy Inc. Class A | New | 0.03% | +0.03 |
| RKLB Rocket Lab Corp. | Add +56.0% | 0.06% | +0.03 |
| IDXX Idexx Laboratories Inc. | Add +18.6% | 0.12% | +0.03 |
| CI The Cigna Group | Add +43.8% | 0.20% | +0.03 |
| CVX Chevron Corp. | Add +40.6% | 0.10% | +0.03 |
| J Jacobs Solutions Inc. | Add +342.5% | 0.04% | +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 |