Ethic Inc.
Registered adviserFiling Date
Global Rank
#630
/ 8,819
▲ 42
Top Industry
Semiconductors
15.3%
Period ended 4 months ago
Filed Jul 29, 2026 · 3mo
26 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Registered adviser
Form ADV roster, Oct 1, 2026
Regulatory AUM
$10,120,085,218
Main clients
Other investment advisers
(64% of AUM)
LEI
54930005BQTYXDSO6R05
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Sep 2026 to Oct 2026 | $10,120,085,218 | Other investment advisers (64%) |
| Apr 2026 to Aug 2026 | $7,817,820,532 | Other investment advisers (65%) |
| Dec 2025 to Mar 2026 | $7,279,165,655 | Other investment advisers (65%) |
| Apr 2025 to Sep 2025 | $5,925,927,888 | Other investment advisers (67%) |
| Apr 2024 to Mar 2025 | $4,907,799,279 | Other investment advisers (66%) |
| May 2023 to Mar 2024 | $3,154,970,013 | Other investment advisers (70%) |
6 earlier changes not shown.
Stated strategy
Index / passive, Quantitative / systematic, Multi-asset, Long/short hedge
Form ADV Part 2A, Aug 28, 2026
· original
In the firm's words
- Index / passive:
Ethic's direct indexing strategy constructs a portfolio of individual equity securities designed to closely track the performance of a client-selected benchmark index.
- Quantitative / systematic:
Ethic employs a technology-driven, quantitative approach to investment management.
- Multi-asset:
Ethic offers multi-asset solutions designed to provide clients with exposure across multiple asset classes or investment objectives within a single separately managed account.
- Long/short hedge:
This strategy invests in a portfolio of U.S. largeand mid-capitalization equities held long, together with a smaller, non-overlapping portfolio of equities sold short.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Diversified active
Top 10 weight 31.8%, 63.5 effective positions, active share 21.6% against the Russell 1000 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Low turnover
18.2% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 21.8 quarters (12+), a floor since 58.5% of the book was already held when coverage starts
Closest benchmark: the Russell 1000 as of 2026-06-30, active share 21.6%; sector active share 14.4% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
1,358 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
6.6%
−0.2 pts
Top 5
24.2%
−0.7 pts
Top 10
31.8%
+0.6 pts
HHI
158
Diversified−0
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 37.7% | $3,027,122,665 |
| Financial Services | 13.7% | $1,098,183,874 |
| Communication Services | 9.8% | $781,990,968 |
| Industrials | 9.4% | $752,380,717 |
| Healthcare | 8.7% | $696,208,495 |
| Consumer Cyclical | 7.9% | $632,212,975 |
| Consumer Defensive | 3.5% | $282,293,831 |
| Real Estate | 2.3% | $184,475,466 |
| Utilities | 2.3% | $182,496,513 |
| Basic Materials | 2.0% | $162,047,571 |
| Energy | 1.9% | $151,467,350 |
| Unclassified | 0.9% | $68,826,409 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NVDA | Nvidia Corp | +190,274 | 2,636,691 | $527,575,502 | |
| KLAC | Kla Corp | +159,052 | 176,055 | $53,117,554 | |
| ICL | ICL Group Ltd. | +126,916 | 171,021 | $851,684 | |
| AAPL | Apple Inc. | +123,835 | 1,616,480 | $467,744,652 | |
| BKNG | Booking Holdings Inc. | +121,298 | 126,182 | $22,490,679 | |
| NI | Nisource Inc. | +116,712 | 129,640 | $6,164,382 | |
| ELPC | Energy Co Of Parana | +114,390 | 154,281 | $1,797,373 | |
| NVO | Novo Nordisk A S | +105,673 | 159,699 | $7,655,970 | |
| GIS | General Mills Inc | +101,357 | 256,327 | $8,920,179 | |
| PPL | PPL Corp | +82,325 | 96,779 | $3,517,916 | |
| PFE | Pfizer Inc | +81,670 | 882,175 | $21,242,774 | |
| MSFT | Microsoft Corp | +77,633 | 790,780 | $294,976,755 | |
| UBS | UBS Group AG | +74,447 | 150,546 | $7,461,059 | |
| FMC | Fmc Corp | +73,135 | 121,158 | $1,393,317 | |
| AMZN | Amazon Com Inc | +69,725 | 855,892 | $203,993,299 | |
| MFG | Mizuho Financial Group Inc | +67,106 | 492,394 | $4,717,134 | |
| KDP | Keurig Dr Pepper Inc. | +64,476 | 306,435 | $10,029,617 | |
| HAL | Halliburton Co | +63,588 | 413,891 | $14,051,599 | |
| CPB | CAMPBELL'S Co | +62,463 | 126,557 | $2,818,424 | |
| CNP | Centerpoint Energy Inc | +62,170 | 69,129 | $3,044,441 | |
| SMFG | Sumitomo Mitsui Financial Group, Inc. | +59,829 | 461,574 | $10,883,914 | |
| HDB | Hdfc Bank Ltd | +58,086 | 220,489 | $5,695,230 | |
| WF | Woori Financial Group Inc. | +57,913 | 181,303 | $10,406,792 | |
| BAC | Bank Of America Corp | +52,741 | 520,913 | $29,681,622 | |
| CHT | Chunghwa Telecom Co Ltd | +47,240 | 142,283 | $6,297,445 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| WIT | Wipro Ltd | −1,010,355 | 376,881 | $847,982 | |
| GOOG | Alphabet Inc. | −560,503 | 611,565 | $216,084,261 | |
| ABEV | Ambev S.A. | −436,083 | 250,726 | $787,279 | |
| GRAB | Grab Holdings Ltd | −300,264 | 168,072 | $633,631 | |
| LPL | LG Display Co., Ltd. | −181,025 | 411,623 | $1,601,213 | |
| VOTE | TCW Transform 500 ETF | −152,221 | 194,114 | $17,114,837 | |
| GGB | Gerdau S.A. | −122,329 | 116,595 | $471,043 | |
| KOS | Kosmos Energy Ltd. | −83,640 | 117,840 | $248,642 | |
| NMR | Nomura Holdings Inc | −80,764 | 1,042,353 | $9,151,859 | |
| KMI | Kinder Morgan, Inc. | −69,239 | 50,004 | $1,598,627 | |
| UMC | United Microelectronics Corp | −68,837 | 374,860 | $10,199,940 | |
| CMCSA | Comcast Corp | −65,667 | 331,684 | $8,142,842 | |
| PRMB | Primo Brands Corp | −61,859 | 17,433 | $426,062 | |
| ESGD | iShares ESG Aware MSCI EAFE ETF | −61,147 | 6,432 | $661,273 | |
| VNOM | Viper Energy, Inc. | −49,752 | 12,057 | $511,216 | |
| AMPY | Amplify Energy Corp. | −48,622 | 51,999 | $206,956 | |
| DD | DuPont de Nemours, Inc. | −44,556 | 26,333 | $3,571,808 | |
| EPM | Evolution Petroleum Corp | −40,786 | 37,539 | $138,143 | |
| BBD | Bank Bradesco | −39,790 | 13,009 | $45,141 | |
| LYG | Lloyds Banking Group plc | −39,070 | 1,439,559 | $8,392,628 | |
| ENIC | Enel Chile S.A. | −38,386 | 24,356 | $109,602 | |
| FOXA | Fox Corp | −37,734 | 8,334 | $434,701 | |
| RDW | Redwire Corp | −37,421 | 15,775 | $192,928 | |
| BF-A | Brown Forman Corp | −37,400 | 49,237 | $1,347,124 | |
| VTRS | Viatris Inc | −36,851 | 53,626 | $851,580 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| GOOGL | Alphabet Inc. | 636,505 | $227,467,791 | |
| UBER | Uber Technologies, Inc | 230,468 | $16,630,570 | |
| AZN | Astrazeneca PLC | 51,420 | $9,750,260 | |
| LITE | Lumentum Holdings Inc. | 7,513 | $6,446,604 | |
| FLEX | Flex Ltd. | 36,604 | $5,932,410 | |
| MCHP | Microchip Technology Inc | 62,938 | $5,739,945 | |
| NSC | Norfolk Southern Corp | 17,529 | $5,514,448 | |
| BMO | Bank Of Montreal | 27,281 | $4,820,552 | |
| SCHF | Schwab International Equity ETF | 141,674 | $3,924,369 | |
| MKC | Mccormick & Co Inc | 73,457 | $3,703,701 | |
| HEI-A | Heico Corp | 13,451 | $3,469,147 | |
| FCNCA | First Citizens Bancshares Inc | 1,312 | $2,729,996 | |
| NTB | Bank of N.T. Butterfield & Son Ltd | 44,878 | $2,670,241 | |
| HONA | Honeywell Aerospace Inc. | 11,747 | $2,597,026 | |
| UGI | Ugi Corp | 73,040 | $2,522,801 | |
| IONS | Ionis Pharmaceuticals Inc | 31,679 | $2,511,827 | |
| DUK | Duke Energy CORP | 18,873 | $2,388,944 | |
| SPTM | State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF | 23,889 | $2,168,882 | |
| UHAL-B | U-Haul Holding Co | 35,949 | $2,074,257 | |
| FOX | Fox Corp | 39,057 | $1,829,429 | |
| IWM | iShares Russell 2000 ETF | 5,269 | $1,583,071 | |
| IJR | iShares Core S&P Small-Cap ETF | 10,478 | $1,553,992 | |
| HRB | H&R Block Inc | 38,444 | $1,463,947 | |
| FTS | Fortis Inc. | 24,781 | $1,418,216 | |
| LEN-B | Lennar Corp | 15,596 | $1,383,521 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MKC-V | Mccormick & Co Inc | 76,549 | $3,856,538 | |
| MCHPP | Microchip Technology Inc | 57,965 | $3,302,266 | |
| — | 39,469 | $2,563,088 | ||
| AM | Antero Midstream Corp | 106,859 | $2,436,385 | |
| — | 27,887 | $2,107,978 | ||
| MGEE | Mge Energy Inc | 25,382 | $1,961,774 | |
| LLYVA | Liberty Live Holdings, Inc. | 16,200 | $1,484,568 | |
| CCL | Carnival Corp Ltd. | 46,990 | $1,216,101 | |
| — | 33,994 | $1,194,562 | ||
| WSO-B | Watsco Inc | 2,850 | $1,036,761 | |
| EFXT | Enerflex Ltd. | 36,321 | $759,835 | |
| AOS | Smith A O Corp | 9,308 | $613,769 | |
| BFAM | Bright Horizons Family Solutions Inc. | 7,213 | $592,403 | |
| MOS | Mosaic Co | 21,969 | $560,209 | |
| VTV | VANGUARD VALUE INDEX FUND | 2,819 | $553,087 | |
| — | 11,346 | $530,199 | ||
| ONON | On Holding AG | 14,378 | $489,139 | |
| BNKD | 8,322 | $455,379 | ||
| VUG | VANGUARD GROWTH INDEX FUND | 977 | $426,743 | |
| FNV | FRANCO NEVADA Corp | 1,688 | $417,020 | |
| WIX | Wix.com Ltd. | 4,530 | $408,017 | |
| HLI | Houlihan Lokey, Inc. | 2,802 | $402,423 | |
| PCOR | Procore Technologies, Inc. | 6,720 | $383,040 | |
| BIO | Bio-Rad Laboratories, Inc. | 1,339 | $373,246 | |
| ELF | e.l.f. Beauty, Inc. | 5,789 | $350,871 | |
| No positions match the current search. | ||||
1,358 tracked positions ·
$8,019,706,834 total
· filing declares
1,358 positions · $8,020,012,713
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 1,358 positions by value
· page 1 of 28
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
Technology
|
Added | 2,636,691 | $527,575,502 | 6.58% | |
| AAPL |
Apple Inc.
Technology
|
Added | 1,616,480 | $467,744,652 | 5.83% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 790,780 | $294,976,755 | 3.68% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
NEW | 636,505 | $227,467,791 | 2.84% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Reduced | 611,565 | $216,084,261 | 2.69% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 855,892 | $203,993,299 | 2.54% | |
| MU |
Micron Technology Inc
Technology
|
Added | 132,569 | $153,023,071 | 1.91% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 403,872 | $152,562,648 | 1.90% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 90,920 | $109,052,184 | 1.36% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Added | 172,870 | $100,421,911 | 1.25% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 169,248 | $95,335,705 | 1.19% | |
| AMAT |
Applied Materials Inc
Technology
|
Added | 114,400 | $82,711,200 | 1.03% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Added | 194,777 | $81,923,206 | 1.02% | |
| LRCX |
Lam Research Corp
Technology
|
Added | 173,312 | $75,101,288 | 0.94% | |
| V |
Visa Inc.
Financial Services
|
Added | 205,832 | $70,618,900 | 0.88% | |
| INTC |
Intel Corp
Technology
|
Added | 498,001 | $69,535,879 | 0.87% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Added | 547,697 | $64,332,489 | 0.80% | |
| CAT |
Caterpillar Inc
Industrials
|
Added | 59,981 | $63,873,766 | 0.80% | |
| KLAC |
Kla Corp
Technology
|
Added | 176,055 | $53,117,554 | 0.66% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Added | 51,488 | $52,073,418 | 0.65% | |
| MA |
Mastercard Inc
Financial Services
|
Added | 96,299 | $49,459,166 | 0.62% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Added | 100,553 | $48,021,096 | 0.60% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Added | 358,041 | $46,008,268 | 0.57% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Added | 104,863 | $43,584,208 | 0.54% | |
| ASML |
Asml Holding NV
Technology
|
Added | 21,320 | $42,414,858 | 0.53% | |
| MS |
Morgan Stanley
Financial Services
|
Added | 200,383 | $41,888,062 | 0.52% | |
| GEV |
GE Vernova Inc.
Industrials
|
Added | 33,337 | $39,166,307 | 0.49% | |
| NFLX |
Netflix Inc
Communication Services
|
Added | 531,935 | $37,980,159 | 0.47% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Added | 107,161 | $37,793,541 | 0.47% | |
| IBM |
International Business Machines Corp
Technology
|
Added | 132,007 | $37,121,688 | 0.46% | |
| GLW |
Corning Inc
Technology
|
Reduced | 138,317 | $35,330,311 | 0.44% | |
| ORCL |
Oracle Corp
Technology
|
Added | 235,570 | $34,522,783 | 0.43% | |
| SNDK |
Sandisk Corp
Technology
|
Added | 14,024 | $31,886,789 | 0.40% | |
| PANW |
Palo Alto Networks Inc
Technology
|
Added | 92,263 | $31,463,528 | 0.39% | |
| WDC |
Western Digital Corp
Technology
|
Reduced | 49,030 | $31,316,441 | 0.39% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 92,027 | $30,123,197 | 0.38% | |
| BNY |
Bank of New York Mellon Corp
Financial Services
|
Added | 207,090 | $29,947,284 | 0.37% | |
| BAC |
Bank Of America Corp
Financial Services
|
Added | 520,913 | $29,681,622 | 0.37% | |
| TXN |
Texas Instruments Inc
Technology
|
Added | 98,927 | $29,487,170 | 0.37% | |
| AXP |
American Express Co
Financial Services
|
Added | 85,634 | $28,965,700 | 0.36% | |
| TJX |
Tjx Companies Inc
Consumer Cyclical
|
Added | 188,435 | $28,547,902 | 0.36% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 109,758 | $27,875,239 | 0.35% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 55,570 | $27,806,672 | 0.35% | |
| GE |
General Electric Co
Industrials
|
Added | 72,943 | $27,260,987 | 0.34% | |
| WELL |
Welltower Inc.
Real Estate
|
Added | 117,057 | $26,568,427 | 0.33% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Added | 606,443 | $25,676,796 | 0.32% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
Added | 48,517 | $24,324,483 | 0.30% | |
| ABT |
Abbott Laboratories
Healthcare
|
Added | 256,457 | $23,270,908 | 0.29% | |
| PNC |
Pnc Financial Services Group, Inc.
Financial Services
|
Added | 92,712 | $22,827,548 | 0.28% | |
| DIS |
Walt Disney Co
Communication Services
|
Added | 236,762 | $22,788,342 | 0.28% |
Showing the top 50 of 1,358 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.