# Ethic Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1780570. Source: https://holderbook.com/funds/1780570-ethic-inc/

- Reported value: $8.0B
- Positions: 1,358
- Weight of the ten largest: 30.6%
- Filed: 2026-07-29

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $527.6M | 2,636,691 | 6.6% | 27 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $467.7M | 1,616,480 | 5.8% | 27 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $295.0M | 790,780 | 3.7% | 27 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $227.5M | 636,505 | 2.8% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $216.1M | 611,565 | 2.7% | 27 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $204.0M | 855,892 | 2.5% | 27 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $153.0M | 132,569 | 1.9% | 27 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $152.6M | 403,872 | 1.9% | 27 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $109.1M | 90,920 | 1.4% | 27 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $100.4M | 172,870 | 1.3% | 26 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $95.3M | 169,248 | 1.2% | 27 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $82.7M | 114,400 | 1.0% | 27 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $81.9M | 194,777 | 1.0% | 25 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $75.1M | 173,312 | 0.9% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $70.6M | 205,832 | 0.9% | 27 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $69.5M | 498,001 | 0.9% | 27 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $64.3M | 547,697 | 0.8% | 27 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $63.9M | 59,981 | 0.8% | 27 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $53.1M | 176,055 | 0.7% | 20 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $52.1M | 51,488 | 0.6% | 27 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $49.5M | 96,299 | 0.6% | 27 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $48.0M | 100,553 | 0.6% | 27 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $46.0M | 358,041 | 0.6% | 27 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $43.6M | 104,863 | 0.5% | 27 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $42.4M | 21,320 | 0.5% | 27 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $41.9M | 200,383 | 0.5% | 27 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $39.2M | 33,337 | 0.5% | 7 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $38.0M | 531,935 | 0.5% | 27 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $37.8M | 107,161 | 0.5% | 27 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $37.1M | 132,007 | 0.5% | 27 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $35.3M | 138,317 | 0.4% | 25 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $34.5M | 235,570 | 0.4% | 27 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $31.9M | 14,024 | 0.4% | 6 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $31.5M | 92,263 | 0.4% | 22 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $31.3M | 49,030 | 0.4% | 22 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $30.1M | 92,027 | 0.4% | 27 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $29.9M | 207,090 | 0.4% | 25 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $29.7M | 520,913 | 0.4% | 27 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $29.5M | 98,927 | 0.4% | 27 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $29.0M | 85,634 | 0.4% | 27 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $28.5M | 188,435 | 0.4% | 27 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $27.9M | 109,758 | 0.3% | 27 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $27.8M | 55,570 | 0.3% | 20 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $27.3M | 72,943 | 0.3% | 19 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $26.6M | 117,057 | 0.3% | 24 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $25.7M | 606,443 | 0.3% | 27 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $24.3M | 48,517 | 0.3% | 27 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $23.3M | 256,457 | 0.3% | 27 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $22.8M | 92,712 | 0.3% | 27 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $22.8M | 236,762 | 0.3% | 27 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $22.5M | 126,182 | 0.3% | 27 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $22.2M | 1,074,013 | 0.3% | 27 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $21.9M | 30,349 | 0.3% | 13 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $21.2M | 882,175 | 0.3% | 25 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $21.2M | 33,381 | 0.3% | 27 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $21.1M | 49,547 | 0.3% | 27 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $21.0M | 83,563 | 0.3% | 27 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $20.8M | 48,153 | 0.3% | 18 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $20.3M | 56,184 | 0.3% | 27 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $20.3M | 26,549 | 0.3% | 19 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $20.0M | 107,979 | 0.2% | 27 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $19.6M | 87,694 | 0.2% | 27 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $19.3M | 56,773 | 0.2% | 27 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $19.3M | 170,782 | 0.2% | 20 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $19.1M | 86,539 | 0.2% | 27 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $19.0M | 135,864 | 0.2% | 27 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $19.0M | 56,778 | 0.2% | 18 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $18.9M | 86,709 | 0.2% | 27 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $18.9M | 204,339 | 0.2% | 24 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $18.8M | 19,485 | 0.2% | 16 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $18.6M | 19,930 | 0.2% | 27 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $18.5M | 126,375 | 0.2% | 27 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $18.2M | 44,631 | 0.2% | 27 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $18.1M | 57,533 | 0.2% | 22 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $18.1M | 387,468 | 0.2% | 17 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $18.0M | 162,939 | 0.2% | 27 |
| ASE TECHNOLOGY HLDG CO LTD | [ASX](https://holderbook.com/stocks/ASX/) | $17.9M | 396,781 | 0.2% | 27 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $17.8M | 100,929 | 0.2% | 24 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $17.8M | 104,491 | 0.2% | 7 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $17.5M | 44,089 | 0.2% | 27 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $17.3M | 147,498 | 0.2% | 27 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $17.2M | 127,267 | 0.2% | 27 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $17.2M | 109,633 | 0.2% | 27 |
| TCW ETF TRUST | [VOTE](https://holderbook.com/stocks/VOTE/) | $17.1M | 194,114 | 0.2% | 7 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $17.0M | 108,784 | 0.2% | 26 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $17.0M | 282,109 | 0.2% | 27 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $16.6M | 230,468 | 0.2% | 1 |
| HSBC HLDGS PLC | [HSBC](https://holderbook.com/stocks/HSBC/) | $16.6M | 174,381 | 0.2% | 27 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $16.4M | 41,183 | 0.2% | 27 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $16.2M | 80,924 | 0.2% | 27 |
| LOEWS CORP | [L](https://holderbook.com/stocks/L/) | $16.2M | 143,177 | 0.2% | 22 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $16.2M | 67,931 | 0.2% | 27 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $16.1M | 48,739 | 0.2% | 13 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $15.6M | 58,029 | 0.2% | 23 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $15.6M | 270,904 | 0.2% | 27 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $15.6M | 52,359 | 0.2% | 21 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $15.6M | 70,581 | 0.2% | 27 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $15.2M | 54,587 | 0.2% | 26 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $15.1M | 90,245 | 0.2% | 25 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $15.1M | 114,815 | 0.2% | 24 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +16.8% | +14.8% | +2.0% | 99% |
| Q1 2026 | -4.3% | -4.6% | +0.3% | 100% |
| Q4 2025 | +2.4% | +2.4% | -0.0% | 100% |
| Q3 2025 | +7.1% | +7.8% | -0.7% | 101% |
| Q2 2025 | +10.1% | +10.5% | -0.3% | 100% |
| Q1 2025 | -4.4% | -4.6% | +0.2% | 100% |
| Q4 2024 | -0.2% | +2.1% | -2.4% | 102% |
| Q3 2024 | +5.7% | +5.4% | +0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $8.0B | 1,358 |
| Q1 2026 | $6.4B | 1,235 |
| Q4 2025 | $6.5B | 1,210 |
| Q3 2025 | $6.1B | 1,192 |
| Q2 2025 | $5.6B | 1,214 |
| Q1 2025 | $4.9B | 1,164 |
| Q4 2024 | $5.0B | 1,143 |
| Q3 2024 | $4.0B | 1,081 |
| Q2 2024 | $4.3B | 1,130 |
| Q1 2024 | $4.0B | 1,080 |
| Q4 2023 | $3.4B | 1,048 |
| Q3 2023 | $2.8B | 1,011 |