Ethic Inc. — 13F Holdings & Portfolio
CIK 1780570 · latest 13F-HR filed 2026-11-03
Ethic Inc. manages $8.70B in 13F-reported U.S. long-equity assets across 1,456 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are NVDA (7.23%), AAPL (6.57%), MSFT (4.98%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 186 new positions and exited 88; 592 existing positions rose in reported value and 478 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$8.70B
Long-equity book
Holdings
1,456
Distinct positions
Period
2026-09-30
Filed 2026-11-03
Q/Q Activity
+186 / −88 / ↑592 / ↓478
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26NVDA7.2% · +4%AAPL6.6% · +6%MSFT5.0% · +7%GOOGL2.6% · +5%AMZN2.6% · +6%GOOG2.4% · +2%AVGO2.0% · +24%MU1.7% · +2%META1.5% · +6%AMD1.3% · +6%LLY1.3% · +6%TSLA1.0% · +22%V0.9% · +4%INTC0.7% · +6%JPM0.7% · +105%CSCO0.7% · +3%AMAT0.7% · +2%MA0.7% · +9%LRCX0.7% · +1%MRK0.6% · +6%TSM0.6% · +8%CAT0.6% · +1%ASML0.5% · +22%UNH0.5% · +3%GS0.5% · -15%NFLX0.4% · +3%MS0.4% · -3%PANW0.4% · -0%KLAC0.4% · +4%JNJ0.4% · +20%TMO0.4% · +5%ORCL0.4% · +0%GEV0.4% · +2%HD0.4% · +4%BNY0.4% · newBAC0.4% · +8%JUST0.3% · +12663%BRK.B0.3% · +4%TXN0.3% · +4%IBM0.3% · -1%CRWD0.3% · +304%VZ0.3% · +1%DELL0.3% · +8%T0.3% · +4%WELL0.3% · -1%ABT0.3% · +4%AXP0.3% · +0%DIS0.3% · +4%CRM0.3% · +2%SNDK0.3% · +3%PFE0.3% · -0%AMGN0.3% · +3%ABBV0.3% · +11%GE0.3% · +5%MRVL0.3% · +72%ADP0.3% · +4%TJX0.3% · -6%ANET0.3% · +5%ETN0.3% · +4%PLTR0.3% · +6%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 32.9%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Aug 28, 2026.
Assets Under Management
$10.12B
Discretionary
$10.12B
Employees
75
Accounts
3,505
Address
99 HUDSON STREET, 17TH FLOOR
NEW YORK, NY 10013
NEW YORK, NY 10013
Phone
(646) 687-6744
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| DIMARCO, STEPHANIE, G Control | BOARD DIRECTOR since Oct 2019 | Less than 5% | Individual |
| GRANCIO, JENNIFER, LISA Control | BOARD DIRECTOR since Oct 2019 | Less than 5% | Individual |
| LAIPPLE, ALEXANDER, JOSEPH Control | CHIEF GROWTH OFFICER since Nov 2018 | Less than 5% | Individual |
| PAUL, VIKRAM, NMN Control | DIRECTOR OF LEGAL since Aug 2024 | Less than 5% | Individual |
| SENGUPTA, AMLAN, NMN Control | CHIEF PRODUCT AND TECHNOLOGY OFFICER since Jul 2022 | Less than 5% | Individual |
| SHARMA, AAKASH, NMN Control | CHIEF COMPLIANCE OFFICER since Sep 2025 | Less than 5% | Individual |
| STREISFELD, MATTHEW, LEE Control | BOARD DIRECTOR since Dec 2023 | Less than 5% | Individual |
| Scott, Douglas, William Arce Control | CHIEF EXECUTIVE OFFICER / CO-FOUNDER since Jan 2016 | 5–10% | Individual |
| LIPMAN, JORDAN, JOSH | CO-FOUNDER since Jan 2016 | 5–10% | Individual |
| NYCA INVESTMENT FUND III, L.P. | SHAREHOLDER since Jun 2019 | 5–10% | Domestic Entity |
| OAK HCFT MANAGEMENT COMPANY LLC | SHAREHOLDER since Dec 2020 | 10–25% | Domestic Entity |
| STATE STREET GLOBAL ADVISORS, INC | SHAREHOLDER since Jan 2025 | 5–10% | Domestic Entity |
| ADAMS, ANDREW, WILLIAM Control Indirect owner via OAK HCFT MANAGEMENT COMPANY LLC | MANAGING MEMBER (REGISTRANT) since May 2019 | 25–50% | Individual |
| LAMONT, ANN, HUNTRESS Control Indirect owner via OAK HCFT MANAGEMENT COMPANY LLC | EXECUTIVE MANAGING MEMBER (REGISTRANT) since May 2019 | 25–50% | Individual |
| MORRIS, JOHN, CHURCHILL Control Indirect owner via NYCA INVESTMENT FUND III, L.P. | OWNER since May 2018 | 75% or more | Individual |
| STATE STREET CORPORATION Indirect owner via STATE STREET GLOBAL ADVISORS, INC | SHAREHOLDER since Jan 2025 | 75% or more | Domestic Entity |
Ownership & leadership changes · 12 filings with changes since Feb 10, 2016
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Mar 31, 2026 filing
- No longer listedKEMP, PARTICIA, MARIA · MANAGING MEMBER (REGISTRANT) · 25–50% · indirect via OAK HCFT MANAGEMENT COMPANY LLC · control person · listed since May 2019
Oct 1, 2025 filing
- No longer listedBOURAOUI, KAMEL · CHIEF TECHNOLOGY OFFICER · Less than 5% · listed since Aug 2016
- No longer listedMAIR, JOHN · CHIEF PRODUCT OFFICER / CO-FOUNDER · 5–10% · control person · listed since Mar 2016
- No longer listedSPECTOR, RICHARD, ERIC · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Mar 2025
- AddedLAIPPLE, ALEXANDER, JOSEPH · CHIEF GROWTH OFFICER · Less than 5% · control person
- AddedPAUL, VIKRAM, NMN · DIRECTOR OF LEGAL · Less than 5% · control person
- AddedSENGUPTA, AMLAN, NMN · CHIEF PRODUCT AND TECHNOLOGY OFFICER · Less than 5% · control person
- AddedSHARMA, AAKASH, NMN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Mar 31, 2025 filing
- No longer listedACOSTA, ALEXANDRA, IDALIA · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Feb 2022
- AddedSPECTOR, RICHARD, ERIC · CHIEF COMPLIANCE OFFICER · Less than 5%
- AddedSTATE STREET CORPORATION · SHAREHOLDER · 75% or more · indirect via STATE STREET GLOBAL ADVISORS, INC
- AddedSTATE STREET GLOBAL ADVISORS, INC · SHAREHOLDER · 5–10%
- AddedSTREISFELD, MATTHEW, LEE · BOARD DIRECTOR · Less than 5% · control person
May 31, 2024 filing
- ChangedLIPMAN, JORDAN, JOSH · no longer a control person
Mar 29, 2024 filing
- ChangedBOURAOUI, KAMEL · ownership 5–10% → Less than 5%
- ChangedLIPMAN, JORDAN, JOSH · ownership 10–25% → 5–10%
- ChangedMAIR, JOHN · ownership 10–25% → 5–10%
- ChangedNYCA INVESTMENT FUND III, L.P. · ownership 10–25% → 5–10%
- ChangedScott, Douglas, William Arce · ownership 10–25% → 5–10%
Mar 31, 2023 filing
- No longer listedCURVEY, JAMES, CHARLES · ELECTED MANAGER · General partner, trustee or manager · indirect via FMR LLC · control person · listed since Feb 1990
- No longer listedFMR LLC · SHAREHOLDER · 5–10% · listed since Jun 2019
- No longer listedJOHNSON IV, EDWARD, CROSBY · ELECTED MANAGER · General partner, trustee or manager · indirect via FMR LLC · control person · listed since Apr 2006
- No longer listedJOHNSON, ABIGAIL, PIERREPONT · ELECTED MANAGER · General partner, trustee or manager · indirect via FMR LLC · control person · listed since May 1994
- No longer listedMCGRAW, GERARD, JOHN · ELECTED MANAGER · General partner, trustee or manager · indirect via FMR LLC · control person · listed since Oct 2014
- No longer listedREMONDI, JOHN, JOSEPH · ELECTED MANAGER · General partner, trustee or manager · indirect via FMR LLC · control person · listed since Apr 2006
- No longer listedWILENS, MICHAEL, ENGBER · ELECTED MANAGER · General partner, trustee or manager · indirect via FMR LLC · control person · listed since Oct 2014
- ChangedLIPMAN, JORDAN, JOSH · title PRESIDENT → CO-FOUNDER
- ChangedMAIR, JOHN · title CHIEF PRODUCT OFFICER → CHIEF PRODUCT OFFICER / CO-FOUNDER
- ChangedScott, Douglas, William Arce · title CHIEF EXECUTIVE OFFICER → CHIEF EXECUTIVE OFFICER / CO-FOUNDER
Mar 31, 2022 filing
- ChangedMAIR, JOHN · title HEAD OF PRODUCT → CHIEF PRODUCT OFFICER
Feb 8, 2022 filing
- AddedACOSTA, ALEXANDRA, IDALIA · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedLIPMAN, JORDAN, JOSH · title PRESIDENT AND CHIEF COMPLIANCE OFFICER → PRESIDENT
Mar 29, 2021 filing
- No longer listedDEVONSHIRE INVESTORS (DELAWARE) LLC · SHAREHOLDER · 5–10% · listed since Jun 2019
- No longer listedFMR LLC · OWNER · 75% or more · indirect via DEVONSHIRE INVESTORS (DELAWARE) LLC · listed since Jan 2016
- AddedADAMS, ANDREW, WILLIAM · MANAGING MEMBER (REGISTRANT) · 25–50% · indirect via OAK HCFT MANAGEMENT COMPANY LLC · control person
- AddedFMR LLC · SHAREHOLDER · 5–10%
- AddedKEMP, PARTICIA, MARIA · MANAGING MEMBER (REGISTRANT) · 25–50% · indirect via OAK HCFT MANAGEMENT COMPANY LLC · control person
- AddedLAMONT, ANN, HUNTRESS · EXECUTIVE MANAGING MEMBER (REGISTRANT) · 25–50% · indirect via OAK HCFT MANAGEMENT COMPANY LLC · control person
- AddedOAK HCFT MANAGEMENT COMPANY LLC · SHAREHOLDER · 10–25%
Oct 30, 2019 filing
- No longer listedMORRIS, JOHN, CHURCHILL · BOARD DIRECTOR · Less than 5% · control person · listed since Jun 2019
- AddedDIMARCO, STEPHANIE, G · BOARD DIRECTOR · Less than 5% · control person
- AddedGRANCIO, JENNIFER, LISA · BOARD DIRECTOR · Less than 5% · control person
Older changes (3 more filings)
Sep 3, 2019 filing
- AddedCURVEY, JAMES, CHARLES · ELECTED MANAGER · General partner, trustee or manager · indirect via FMR LLC · control person
- AddedDEVONSHIRE INVESTORS (DELAWARE) LLC · SHAREHOLDER · 5–10%
- AddedFMR LLC · OWNER · 75% or more · indirect via DEVONSHIRE INVESTORS (DELAWARE) LLC
- AddedJOHNSON IV, EDWARD, CROSBY · ELECTED MANAGER · General partner, trustee or manager · indirect via FMR LLC · control person
- AddedJOHNSON, ABIGAIL, PIERREPONT · ELECTED MANAGER · General partner, trustee or manager · indirect via FMR LLC · control person
- AddedMCGRAW, GERARD, JOHN · ELECTED MANAGER · General partner, trustee or manager · indirect via FMR LLC · control person
- AddedMORRIS, JOHN, CHURCHILL · OWNER · 75% or more · indirect via NYCA INVESTMENT FUND III, L.P. · control person
- AddedMORRIS, JOHN, CHURCHILL · BOARD DIRECTOR · Less than 5% · control person
- AddedNYCA INVESTMENT FUND III, L.P. · SHAREHOLDER · 10–25%
- AddedREMONDI, JOHN, JOSEPH · ELECTED MANAGER · General partner, trustee or manager · indirect via FMR LLC · control person
- AddedWILENS, MICHAEL, ENGBER · ELECTED MANAGER · General partner, trustee or manager · indirect via FMR LLC · control person
- ChangedLIPMAN, JORDAN, JOSH · ownership 25–50% → 10–25%
- ChangedMAIR, JOHN · now a control person
- ChangedScott, Douglas, William Arce · ownership 25–50% → 10–25%
Mar 22, 2018 filing
- No longer listedToor, Bharpur, NMN · MEMBER · 25–50% · control person · listed since Jan 2016
- AddedBOURAOUI, KAMEL · CHIEF TECHNOLOGY OFFICER · 5–10%
- AddedMAIR, JOHN · HEAD OF PRODUCT · 10–25%
- ChangedLIPMAN, JORDAN, JOSH · title MANAGING MEMBER & CHIEF COMPLIANCE OFFICER → PRESIDENT AND CHIEF COMPLIANCE OFFICER
- ChangedScott, Douglas, William Arce · title MANAGING MEMBER → CHIEF EXECUTIVE OFFICER
Feb 10, 2016 filing (earliest on record)
- ListedLIPMAN, JORDAN, JOSH · MANAGING MEMBER & CHIEF COMPLIANCE OFFICER · 25–50% · control person
- ListedScott, Douglas, William Arce · MANAGING MEMBER · 25–50% · control person
- ListedToor, Bharpur, NMN · MEMBER · 25–50% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- MICROSOFT CORP$138.3M +46.9%
- APPLE INC$103.6M +22.1%
- NVIDIA CORPORATION$101.3M +19.2%
- META PLATFORMS INC$35.2M +37.0%
- JPMORGAN CHASE & CO$32.3M +107.2%
Top Trims
- APPLIED MATLS INC-$22.9M -27.6%
- LAM RESEARCH CORP-$17.7M -23.6%
- KLA CORP-$17.4M -32.7%
- CORNING INC-$16.8M -47.5%
- CATERPILLAR INC-$14.9M -23.3%
New Positions
- EXXONMOBIL HOLDINGS CORP$18.3M
- ISHARES TR$13.8M
- ONEOK INC NEW$12.2M
- SK HYNIX INC$10.3M
- VANECK ETF TRUST$6.2M
Exited Positions
- EXXON MOBILE CORP$14.8M
- ELECTRONIC ARTS INC$8.7M
- ONEOK INC$7.8M
- AVALONBAY COMMUNITIES INC$3.1M
- ISHARES RUSSELL 2000 ETF$1.6M
Ethic Inc. Holdings (2026-09-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 67066G104 | $628.9M | 7.23% | 2,753,811 | SH |
| 2 | APPLE INC | AAPL | 037833100 | $571.3M | 6.57% | 1,715,564 | SH |
| 3 | MICROSOFT CORP | MSFT | 594918104 | $433.3M | 4.98% | 844,836 | SH |
| 4 | ALPHABET INC | GOOGL | 02079K305 | $230.3M | 2.65% | 669,191 | SH |
| 5 | AMAZON COM INC | AMZN | 023135106 | $225.7M | 2.60% | 906,014 | SH |
| 6 | ALPHABET INC | GOOG | 02079K107 | $212.8M | 2.45% | 624,637 | SH |
| 7 | BROADCOM INC | AVGO | 11135F101 | $175.9M | 2.02% | 500,945 | SH |
| 8 | MICRON TECHNOLOGY INC | MU | 595112103 | $144.1M | 1.66% | 135,253 | SH |
| 9 | META PLATFORMS INC | META | 30303M102 | $130.6M | 1.50% | 180,043 | SH |
| 10 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $111.8M | 1.29% | 182,801 | SH |
| 11 | ELI LILLY & CO | LLY | 532457108 | $111.1M | 1.28% | 96,058 | SH |
| 12 | TESLA INC | TSLA | 88160R101 | $84.5M | 0.97% | 238,044 | SH |
| 13 | VISA INC | V | 92826C839 | $77.3M | 0.89% | 215,091 | SH |
| 14 | INTEL CORP | INTC | 458140100 | $63.2M | 0.73% | 525,262 | SH |
| 15 | JPMORGAN CHASE & CO | JPM | 46625H100 | $62.4M | 0.72% | 188,691 | SH |
| 16 | CISCO SYS INC | CSCO | 17275R102 | $60.9M | 0.70% | 565,451 | SH |
| 17 | APPLIED MATLS INC | AMAT | 038222105 | $59.9M | 0.69% | 117,055 | SH |
| 18 | MASTERCARD INCORPORATED | MA | 57636Q104 | $58.0M | 0.67% | 105,107 | SH |
| 19 | LAM RESEARCH CORP | LRCX | 512807306 | $57.4M | 0.66% | 174,686 | SH |
| 20 | MERCK & CO INC | MRK | 58933Y105 | $55.1M | 0.63% | 378,857 | SH |
| 21 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $49.4M | 0.57% | 108,309 | SH |
| 22 | CATERPILLAR INC | CAT | 149123101 | $49.0M | 0.56% | 60,391 | SH |
| 23 | ASML HLDG NV | ASML | N07059210 | $47.1M | 0.54% | 25,994 | SH |
| 24 | UNITEDHEALTH GROUP INC | UNH | 91324P102 | $39.6M | 0.46% | 107,811 | SH |
| 25 | GOLDMAN SACHS GROUP INC | GS | 38141G104 | $39.5M | 0.45% | 43,819 | SH |
| 26 | NETFLIX INC. | NFLX | 64110L106 | $38.0M | 0.44% | 546,393 | SH |
| 27 | MORGAN STANLEY | MS | 617446448 | $36.7M | 0.42% | 195,131 | SH |
| 28 | PALO ALTO NETWORKS INC | PANW | 697435105 | $36.5M | 0.42% | 91,831 | SH |
| 29 | KLA CORP | KLAC | 482480100 | $35.7M | 0.41% | 183,389 | SH |
| 30 | JOHNSON & JOHNSON | JNJ | 478160104 | $35.0M | 0.40% | 132,061 | SH |
| 31 | THERMO FISHER SCIENTIFIC INC | TMO | 883556102 | $34.3M | 0.39% | 50,846 | SH |
| 32 | ORACLE CORP | ORCL | 68389X105 | $32.4M | 0.37% | 236,100 | SH |
| 33 | GE VERNOVA INC | GEV | 36828A101 | $32.2M | 0.37% | 33,895 | SH |
| 34 | HOME DEPOT INC | HD | 437076102 | $31.6M | 0.36% | 111,015 | SH |
| 35 | BANK OF NY MELLON CORP | BNY | 064058100 | $31.2M | 0.36% | 215,465 | SH |
| 36 | BANK OF AMER CORP | BAC | 060505104 | $30.5M | 0.35% | 561,128 | SH |
| 37 | GOLDMAN SACHS ETF TR | JUST | 381430396 | $29.5M | 0.34% | 270,441 | SH |
| 38 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $28.9M | 0.33% | 58,005 | SH |
| 39 | TEXAS INSTRS INC | TXN | 882508104 | $28.8M | 0.33% | 102,723 | SH |
| 40 | INTERNATIONAL BUSINESS MACHS | IBM | 459200101 | $28.6M | 0.33% | 130,185 | SH |
| 41 | CROWDSTRIKE HLDGS INC | CRWD | 22788C105 | $28.4M | 0.33% | 107,228 | SH |
| 42 | VERIZON COMMUNICATIONS INC | VZ | 92343V104 | $28.0M | 0.32% | 611,244 | SH |
| 43 | DELL TECHNOLOGIES INC | DELL | 24703L202 | $28.0M | 0.32% | 51,991 | SH |
| 44 | AT&T INC | T | 00206R102 | $27.2M | 0.31% | 1,113,526 | SH |
| 45 | WELLTOWER INC | WELL | 95040Q104 | $26.6M | 0.31% | 115,387 | SH |
| 46 | ABBOTT LABORATORIES | ABT | 002824100 | $26.4M | 0.30% | 267,333 | SH |
| 47 | AMERICAN EXPRESS CO | AXP | 025816109 | $26.1M | 0.30% | 85,784 | SH |
| 48 | DISNEY WALT CO | DIS | 254687106 | $25.9M | 0.30% | 247,316 | SH |
| 49 | SALESFORCE INC | CRM | 79466L302 | $25.6M | 0.29% | 111,525 | SH |
| 50 | SANDISK CORP | SNDK | 80004C200 | $25.2M | 0.29% | 14,494 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-03 | $8.70B | 1,456 | 0001780570-26-000008 |
| 2026-06-30 | 2026-07-29 | $8.02B | 1,358 | 0001780570-26-000005 |
| 2026-03-31 | 2026-04-27 | $6.39B | 1,246 | 0001780570-26-000004 |
| 2025-12-31 | 2026-02-03 | $6.50B | 1,210 | 0001780570-26-000002 |
Filer Information
Address
99 HUDSON ST.FLOOR 17
NEW YORK, NY 10013
Phone
(646) 687-6744
Filing Manager
Ethic Inc.
NEW YORK, NY
Signatory
Aakash Sharma
Chief Compliance Officer