1y return+18.8%S&P 500 +20.9%
3y return+58.8%S&P 500 +68.5%
5y return+57.0%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2019: $214 against $232 in the S&P 500.2
Ethic Inc.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $527.6M | 6.6% | +7.8% |
| AAPLApple Inc | $467.7M | 5.8% | +8.3% |
| MSFTMicrosoft Corp | $295.0M | 3.7% | +10.9% |
| GOOGLAlphabet Inc Cap Stock Cl A | $227.5M | 2.8% | New |
| GOOGAlphabet Inc Cap Stock Cl C | $216.1M | 2.7% | −47.8% |
| AMZNAmazon.com Inc | $204.0M | 2.5% | +8.9% |
| MUMicron Technology Inc | $153.0M | 1.9% | +5.5% |
| AVGOBroadcom Inc | $152.6M | 1.9% | +12.5% |
| LLYEli Lilly & Co | $109.1M | 1.4% | +7.6% |
| AMDAdvanced Micro Devices Inc | $100.4M | 1.3% | +8.0% |
| METAMeta Platforms Inc Cl A | $95.3M | 1.2% | +5.5% |
| AMATApplied Materials Inc | $82.7M | 1.0% | +5.6% |
| TSLATesla Inc | $81.9M | 1.0% | +9.2% |
| LRCXLam Research Corp New | $75.1M | 0.9% | |
| VVisa Inc Cl A | $70.6M | 0.9% | +10.2% |
| INTCIntel Corp | $69.5M | 0.9% | +5.9% |
| CSCOCisco Systems Inc | $64.3M | 0.8% | +5.5% |
| CATCaterpillar Inc | $63.9M | 0.8% | +6.8% |
| KLACKla Corp New | $53.1M | 0.7% | +935.4% |
| GSGoldman Sachs Group Inc | $52.1M | 0.6% | +2.8% |
| MAMastercard Incorporated Cl A | $49.5M | 0.6% | +6.0% |
| TSMTaiwan Semiconductor Mfg Ltd S | $48.0M | 0.6% | +16.9% |
| MRKMerck & Co Inc | $46.0M | 0.6% | +9.7% |
| UNHUnitedhealth Group Inc | $43.6M | 0.5% | +12.5% |
| Asml Holding Nv Ny RegistryCUSIP N07059210 | $42.4M | 0.5% | +7.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $527.6M |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $152.6M |
| AMATApplied Materials Inc | June 30, 2020 | +1096.1% | $82.7M |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $100.4M |
| GLWCorning Inc | June 30, 2020 | +886.1% | $35.3M |
| WDCWestern Digital Corp | March 31, 2021 | +856.9% | $31.3M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $63.9M |
| TSMTaiwan Semiconductor Mfg Ltd S | June 30, 2020 | +741.2% | $48.0M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $109.1M |
| PANWPalo Alto Networks Inc | March 31, 2021 | +535.3% | $31.5M |
Sold off last quarter
- Uber Technologies IncCUSIP 90353TAM2 was $16.2M
- VEXCVanguard World Fd Esg Us Stk E was $14.8M
- Astrazeneca PLCCUSIP 046353108 was $7.0M
- Honeywell Intl IncCUSIP 438516106 was $5.6M
- Lumentum Holdings IncCUSIP 55024UAD1 was $4.9M
- MKC/VMccormick & Co Inc Non Vtg was $3.9M
- Microchip Technology IncCUSIP 595017302 was $3.7M
- Dupont De Nemours IncCUSIP 26614N102 was $3.2M
- TAP/AMolson Coors Beverage Co Cl B was $2.9M
- Ugi CorpCUSIP 902681AB1 was $2.9M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.4% | +14.8% |
| March 31, 2026 | −4.3% | −4.6% |
| December 31, 2025 | +2.3% | +2.4% |
| September 30, 2025 | +7.0% | +7.8% |
| June 30, 2025 | +10.1% | +10.5% |
| March 31, 2025 | −4.4% | −4.6% |
| December 31, 2024 | −0.3% | +2.1% |
| September 30, 2024 | +5.6% | +5.4% |
| June 30, 2024 | +2.2% | +4.0% |
| March 31, 2024 | +9.6% | +10.0% |
| December 31, 2023 | +11.5% | +11.2% |
| September 30, 2023 | −3.6% | −3.6% |
| June 30, 2023 | +6.8% | +8.3% |
| March 31, 2023 | +6.0% | +7.0% |
| December 31, 2022 | +8.6% | +7.1% |
| September 30, 2022 | −6.2% | −5.3% |
| June 30, 2022 | −16.5% | −16.5% |
| March 31, 2022 | −6.6% | −4.9% |
| December 31, 2021 | +9.9% | +10.7% |
| September 30, 2021 | −0.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Ethic Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1780570&type=13F-HR&dateb=&owner=include&count=40CIK 1780570
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1780570/000178057026000005/Filed July 29, 2026 · accession 0001780570-26-000005