Ethic Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), Ethic Inc. reported 1,210 stock positions worth $6.5 billion. Its top holding was Nvidia (NVDA) at 6.9% of the portfolio, followed by Apple (AAPL, 6.2%) and Microsoft (MSFT, 5.2%). Compared with Q3 2025, it opened 90 new positions, sold out of 74, added to 651 and reduced 460. The biggest buy was Alphabet Class A (GOOGL, shares +7%) and the biggest sale Home Depot (HD, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001780570
- Portfolio Value
- $6.5B (Q4 2025)
- SEC Filing
- 0001780570-26-000002 ↗ filed Feb 3, 2026
Holdings Value
Holdings 1,210 stocks · $6.5B
| NVDA Nvidia Corp. | 6.91% | 2,409,553 | $449.4M | Add +5.2% |
| AAPL Apple Inc. | 6.15% | 1,472,001 | $400.2M | Add +4.8% |
| MSFT Microsoft Corp. | 5.23% | 703,365 | $340.2M | Add +5.6% |
| GOOGL Alphabet Inc. Class A | 2.85% | 592,811 | $185.5M | Add +6.6% |
| GOOG Alphabet Inc. Class C | 2.73% | 565,295 | $177.4M | Add +4.4% |
| AMZN Amazon.com Inc. | 2.72% | 766,968 | $177.0M | Add +2.7% |
| AVGO Broadcom Inc. | 1.90% | 357,601 | $123.8M | Add +4.1% |
| META Meta Platforms Inc. Class A | 1.60% | 157,634 | $104.1M | Add +2.1% |
| LLY Eli Lilly & Co. | 1.35% | 81,666 | $87.8M | Add +7.6% |
| TSLA Tesla Inc. | 1.19% | 172,004 | $77.4M | Add +8.4% |
| V Visa Inc. Class A | 0.98% | 181,502 | $63.7M | Add +4.0% |
| MA Mastercard Inc. Class A | 0.78% | 89,316 | $51.0M | Add +3.6% |
| NFLX Netflix Inc. | 0.70% | 485,365 | $45.5M | Add +6.8% |
| GS Goldman Sachs Group Inc. | 0.66% | 48,667 | $42.8M | Add +1.0% |
| ORCL Oracle Corp. | 0.63% | 209,294 | $40.8M | Add +5.7% |
| CSCO Cisco Systems Inc. | 0.60% | 503,919 | $38.8M | Add +4.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.57% | 126,162 | $37.4M | Add +3.6% |
| MU Micron Technology Inc. | 0.57% | 130,044 | $37.1M | Add +0.7% |
| HD Home Depot Inc. | 0.55% | 104,247 | $35.9M | Reduce -1.2% |
| MS Morgan Stanley | 0.54% | 196,899 | $35.0M | Add +6.1% |
| CAT Caterpillar Inc. | 0.52% | 59,206 | $33.9M | Add +2.4% |
| MRK Merck & Co. Inc. | 0.52% | 318,145 | $33.5M | Add +9.3% |
| AMD Advanced Micro Devices | 0.50% | 153,134 | $32.8M | Add +6.4% |
| LRCX Lam Research Corp. | 0.48% | 183,536 | $31.4M | Reduce -0.1% |
| UNH Unitedhealth Group Inc. | 0.48% | 94,010 | $31.0M | Add +2.7% |
| AXP American Express Co. | 0.47% | 83,141 | $30.8M | Add +4.2% |
| VOTE TCW Transform 500 ETF | 0.45% | 365,507 | $29.3M | Add +0.6% |
| TMO Thermo Fisher Scientific Inc. | 0.45% | 50,451 | $29.2M | Add +9.8% |
| AMAT Applied Materials Inc. | 0.45% | 112,867 | $29.0M | Reduce -1.0% |
| CRM Salesforce Inc. | 0.43% | 106,675 | $28.3M | Add +4.2% |
| ABT Abbott Laboratories | 0.42% | 219,198 | $27.5M | Reduce -2.0% |
| BKNG Booking Holdings Inc. | 0.42% | 5,051 | $27.0M | Add +6.7% |
| T AT&T Inc. | 0.40% | 1,052,543 | $26.1M | Reduce -3.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 51,765 | $26.0M | Add +12.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.40% | 84,526 | $25.7M | Add +10.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.39% | 166,663 | $25.6M | Add +10.2% |
| SPGI S&P Global Inc. | 0.39% | 48,585 | $25.4M | Reduce -4.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.39% | 457,505 | $25.2M | Add +8.2% |
| ISRG Intuitive Surgical Inc. | 0.38% | 43,249 | $24.5M | Add +7.0% |
| JPM JPMorgan Chase & Co. | 0.38% | 75,697 | $24.4M | Add +11.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.36% | 204,854 | $23.3M | Add +4.3% |
| BSX Boston Scientific Corp. | 0.35% | 239,347 | $22.8M | Reduce -0.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.34% | 193,196 | $22.4M | Add +5.6% |
| VZ Verizon Communications Inc. | 0.34% | 549,542 | $22.4M | Reduce -0.9% |
| INTU Intuit Inc. | 0.34% | 33,011 | $21.9M | Add +4.7% |
| GEV GE Vernova Inc. | 0.33% | 33,037 | $21.6M | Add +1.1% |
| PLTR Palantir Technologies Inc. Class A | 0.32% | 118,435 | $21.1M | Add +7.3% |
| COF Capital One Financial Corp. | 0.32% | 85,867 | $20.8M | Add +4.4% |
| WELL Welltower Inc. | 0.32% | 110,515 | $20.5M | Add +1.5% |
| KLAC KLA Corp. | 0.32% | 16,868 | $20.5M | Reduce -0.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.31% | 19,137 | $20.5M | Add +5.2% |
| CB Chubb Ltd. | 0.31% | 64,690 | $20.2M | Add +13.2% |
| QCOM Qualcomm Inc. | 0.31% | 117,547 | $20.1M | Add +5.5% |
| LOW Lowe's Cos Inc. | 0.31% | 82,262 | $19.8M | Add +7.1% |
| NOW ServiceNow Inc. | 0.30% | 127,581 | $19.5M | Add +0.4% |
| ADP Automatic Data Processing | 0.30% | 75,607 | $19.4M | Add +3.6% |
| SYK Stryker Corp. | 0.29% | 53,906 | $18.9M | Add +5.4% |
| SCHW Schwab (charles) Corp. | 0.29% | 187,957 | $18.8M | Add +6.4% |
| UBER Uber Technologies Inc. | 0.29% | 227,244 | $18.6M | Reduce -0.3% |
| PFE Pfizer Inc. | 0.28% | 718,938 | $17.9M | Add +0.3% |
| WMT Walmart Inc. | 0.27% | 158,043 | $17.6M | Add +12.1% |
| JNJ Johnson & Johnson | 0.26% | 83,084 | $17.2M | Reduce -0.4% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 55,738 | $17.2M | Add +2.6% |
| CME Cme Group Inc. | 0.26% | 62,815 | $17.2M | Add +7.7% |
| PNC PNC Financial Services Group | 0.26% | 81,518 | $17.0M | Reduce -0.6% |
| TMUS T-Mobile US Inc. | 0.26% | 83,757 | $17.0M | Reduce -0.5% |
| INTC Intel Corp. | 0.26% | 452,848 | $16.7M | Add +13.3% |
| ABBV Abbvie Inc. | 0.25% | 72,456 | $16.6M | Add +4.5% |
| PGR Progressive Corp. | 0.25% | 71,269 | $16.2M | Add +2.5% |
| GLW Corning Inc. | 0.24% | 181,106 | $15.9M | Add +11.2% |
| ED Consolidated Edison Inc. | 0.23% | 153,808 | $15.3M | Add +6.6% |
| AMGN Amgen Inc. | 0.23% | 46,072 | $15.1M | Add +10.4% |
| APH Amphenol Corp. Class A | 0.23% | 111,014 | $15.0M | Add +1.1% |
| COST Costco Wholesale Corp. | 0.23% | 17,299 | $14.9M | Add +10.3% |
| DHR Danaher Corp. | 0.23% | 64,399 | $14.7M | Add +9.3% |
| ACN Accenture PLC Class A | 0.23% | 54,825 | $14.7M | Add +20.2% |
| JCI Johnson Controls Internation | 0.23% | 122,815 | $14.7M | Add +1.6% |
| SAP Sap SE-Sponsored ADR | 0.23% | 60,491 | $14.7M | Add +0.8% |
| EXC Exelon Corp. | 0.22% | 334,268 | $14.6M | Add +7.6% |
| PLD Prologis Inc. | 0.22% | 113,477 | $14.5M | Add +12.3% |
| TRV The Travelers Cos Inc. | 0.22% | 49,798 | $14.4M | Add +9.3% |
| L Loews Corp. | 0.22% | 137,021 | $14.4M | Add +0.8% |
| TXN Texas Instruments Inc. | 0.22% | 83,045 | $14.4M | Reduce -1.0% |
| DE Deere & Co. | 0.22% | 30,665 | $14.3M | Add +5.2% |
| C Citigroup Inc. | 0.22% | 121,992 | $14.2M | Add +1.0% |
| APP AppLovin Corp. Class A | 0.22% | 21,106 | $14.2M | Add +20.9% |
| MDT Medtronic PLC | 0.21% | 143,049 | $13.7M | Add +5.6% |
| ANET Arista Networks Inc. | 0.21% | 103,653 | $13.6M | Add +3.7% |
| USB US Bancorp | 0.21% | 253,906 | $13.5M | Add +8.4% |
| AFL Aflac Inc. | 0.21% | 122,520 | $13.5M | Add +5.1% |
| ETN Eaton Corp. PLC | 0.21% | 42,338 | $13.5M | Add +5.9% |
| SONY Sony Group Corp. - SP ADR | 0.21% | 524,594 | $13.4M | Add +2.6% |
| ADBE Adobe Inc. | 0.21% | 38,308 | $13.4M | Reduce -0.4% |
| PANW Palo Alto Networks Inc. | 0.21% | 72,443 | $13.3M | Add +6.7% |
| ELV Elevance Health Inc. | 0.20% | 37,253 | $13.1M | Add +12.9% |
| AWK American Water Works Co. Inc. | 0.20% | 99,610 | $13.0M | Reduce -0.3% |
| NVS Novartis AG-Sponsored ADR | 0.20% | 93,865 | $12.9M | Add +3.3% |
| PWR Quanta Services Inc. | 0.19% | 29,948 | $12.6M | Reduce -2.2% |
| SPOT Spotify Technology SA | 0.19% | 21,675 | $12.6M | Reduce -3.7% |
| PCAR Paccar Inc. | 0.19% | 113,613 | $12.4M | Add +5.0% |
Portfolio Sells Q3 2025 → Q4 2025
| HD Home Depot Inc. | Reduce -1.2% | 0.55% | −0.15 |
| FISV Fiserv Inc. | Reduce -8.1% | 0.09% | −0.11 |
| T AT&T Inc. | Reduce -3.5% | 0.40% | −0.10 |
| DASH DoorDash Inc. Class A | Reduce -21.0% | 0.13% | −0.08 |
| UBER Uber Technologies Inc. | Reduce -0.3% | 0.29% | −0.08 |
| ABT Abbott Laboratories | Reduce -2.0% | 0.42% | −0.07 |
| TMUS T-Mobile US Inc. | Reduce -0.5% | 0.26% | −0.07 |
| SPOT Spotify Technology SA | Reduce -3.7% | 0.19% | −0.06 |
| RBLX Roblox Corp. Class A | Reduce -22.9% | 0.04% | −0.06 |
| MDLZ Mondelez International Inc. Class A | Reduce -12.2% | 0.14% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -0.9% | 0.34% | −0.06 |
| RELX Relx PLC - Spon ADR | Reduce -8.7% | 0.11% | −0.04 |
| COIN Coinbase Global Inc. Class A | Reduce -1.2% | 0.07% | −0.04 |
| LNG Cheniere Energy Inc. | Reduce -27.2% | 0.05% | −0.04 |
| FAST Fastenal Co. | Reduce -4.4% | 0.11% | −0.04 |
| GRMN Garmin Ltd. | Reduce -14.4% | 0.08% | −0.04 |
| MSTR Strategy Inc. | Reduce -2.4% | 0.03% | −0.04 |
| CTAS Cintas Corp. | Reduce -3.6% | 0.18% | −0.04 |
| AJG Arthur J Gallagher & Co. | Reduce -2.0% | 0.12% | −0.04 |
| MSI Motorola Solutions Inc. | Reduce -9.7% | 0.09% | −0.04 |
| CARR Carrier Global Corp. | Reduce -19.0% | 0.07% | −0.04 |
| SYY Sysco Corp. | Reduce -7.5% | 0.12% | −0.03 |
| BSX Boston Scientific Corp. | Reduce -0.1% | 0.35% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -1.0% | 0.22% | −0.03 |
| CCI Crown Castle Inc. | Reduce -20.8% | 0.07% | −0.03 |
| ES Eversource Energy | Reduce -6.1% | 0.15% | −0.03 |
| MRSH Marsh & McLennan Cos | Reduce -1.0% | 0.17% | −0.03 |
| PAYX Paychex Inc. | Reduce -9.0% | 0.09% | −0.03 |
| Q Qnity Electronics Inc. | Reduce -70.8% | 0.01% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -4.3% | 0.17% | −0.03 |
| ITW Illinois Tool Works | Reduce -2.8% | 0.18% | −0.03 |
| BR Broadridge Financial Solutio | Reduce -16.4% | 0.08% | −0.03 |
| ICE Intercontinental Exchange Inc. | Reduce -4.5% | 0.18% | −0.03 |
| AWK American Water Works Co. Inc. | Reduce -0.3% | 0.20% | −0.03 |
| VNOM Viper Energy Inc. Class A | Reduce -88.7% | 0.00% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -33.1% | 0.04% | −0.03 |
| URI United Rentals Inc. | Reduce -6.4% | 0.08% | −0.03 |
| KMB Kimberly-Clark Corp. | Reduce -3.6% | 0.07% | −0.03 |
| UNP Union Pacific Corp. | Reduce -10.7% | 0.11% | −0.03 |
| UPS United Parcel Service Class B | Reduce -71.7% | 0.01% | −0.03 |
| CSGP Costar Group Inc. | Reduce -31.6% | 0.03% | −0.02 |
| ALAB Astera Labs Inc. | Reduce -55.9% | 0.01% | −0.02 |
| AMT American Tower Corp. | Reduce -0.8% | 0.13% | −0.02 |
| FFIV F5 Inc. | Reduce -31.2% | 0.02% | −0.02 |
| CL Colgate-Palmolive Co. | Reduce -8.7% | 0.12% | −0.02 |
| SNPS Synopsys Inc. | Reduce -2.9% | 0.14% | −0.02 |
| SJM The JM Smucker Co. | Reduce -7.8% | 0.08% | −0.02 |
| EBAY eBay Inc. | Reduce -0.0% | 0.18% | −0.02 |
| RPM RPM International Inc. | Reduce -24.6% | 0.03% | −0.02 |
| PTC PTC Inc. | Reduce -8.1% | 0.06% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +6.6% | 2.85% | +0.63 |
| GOOG Alphabet Inc. Class C | Add +4.4% | 2.73% | +0.56 |
| LLY Eli Lilly & Co. | Add +7.6% | 1.35% | +0.40 |
| AAPL Apple Inc. | Add +4.8% | 6.15% | +0.27 |
| MU Micron Technology Inc. | Add +0.7% | 0.57% | +0.22 |
| AMD Advanced Micro Devices | Add +6.4% | 0.50% | +0.12 |
| MRK Merck & Co. Inc. | Add +9.3% | 0.52% | +0.11 |
| PEG Public Service Enterprise GP | Add +469.4% | 0.13% | +0.10 |
| RGLD Royal Gold Inc. | Add +111.8% | 0.17% | +0.09 |
| TMO Thermo Fisher Scientific Inc. | Add +9.8% | 0.45% | +0.08 |
| ISRG Intuitive Surgical Inc. | Add +7.0% | 0.38% | +0.08 |
| CAT Caterpillar Inc. | Add +2.4% | 0.52% | +0.07 |
| CSCO Cisco Systems Inc. | Add +4.2% | 0.60% | +0.05 |
| MS Morgan Stanley | Add +6.1% | 0.54% | +0.05 |
| WBD Warner Bros Discovery Inc. | Add +20.3% | 0.13% | +0.05 |
| CB Chubb Ltd. | Add +13.2% | 0.31% | +0.04 |
| HCA HCA Healthcare Inc. | Add +35.0% | 0.16% | +0.04 |
| DINO HF Sinclair Corp. | Add +1554.7% | 0.05% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +10.2% | 0.40% | +0.04 |
| ACN Accenture PLC Class A | Add +20.2% | 0.23% | +0.04 |
| ARGX Argenx SE - ADR | Add +265.1% | 0.05% | +0.04 |
| AVGO Broadcom Inc. | Add +4.1% | 1.90% | +0.04 |
| MNST Monster Beverage Corp. | Add +27.0% | 0.15% | +0.04 |
| AMGN Amgen Inc. | Add +10.4% | 0.23% | +0.04 |
| AXP American Express Co. | Add +4.2% | 0.47% | +0.04 |
| INTC Intel Corp. | Add +13.3% | 0.26% | +0.04 |
| CRM Salesforce Inc. | Add +4.2% | 0.43% | +0.04 |
| DHR Danaher Corp. | Add +9.3% | 0.23% | +0.03 |
| TJX TJX Companies Inc. | Add +10.2% | 0.39% | +0.03 |
| PH Parker Hannifin Corp. | Add +11.4% | 0.19% | +0.03 |
| PLD Prologis Inc. | Add +12.3% | 0.22% | +0.03 |
| COF Capital One Financial Corp. | Add +4.4% | 0.32% | +0.03 |
| CPNG Coupang Inc. | Add +383.2% | 0.05% | +0.03 |
| WMT Walmart Inc. | Add +12.1% | 0.27% | +0.03 |
| EXPE Expedia Group Inc. | Add +10.0% | 0.12% | +0.03 |
| ALB Albemarle Corp. | Add +32.2% | 0.06% | +0.03 |
| GM General Motors Co. | Add +11.9% | 0.11% | +0.03 |
| AZN Astrazeneca PLC-Spons ADR | Add +14.6% | 0.14% | +0.03 |
| BIIB Biogen Inc. | Add +9.2% | 0.13% | +0.03 |
| VTR Ventas Inc. | Add +38.7% | 0.10% | +0.03 |
| TSLA Tesla Inc. | Add +8.4% | 1.19% | +0.03 |
| BAC Bank of America Corp. | Add +8.2% | 0.39% | +0.03 |
| RTX RTX Corp. | Add +14.9% | 0.18% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +1.0% | 0.66% | +0.03 |
| SNDK Sandisk Corp. | Add +58.2% | 0.04% | +0.03 |
| ELV Elevance Health Inc. | Add +12.9% | 0.20% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | Add +5.2% | 0.31% | +0.03 |
| BMY Bristol-Myers Squibb Co. | Add +4.1% | 0.18% | +0.02 |
| GLW Corning Inc. | Add +11.2% | 0.24% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +11.8% | 0.38% | +0.02 |
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 |