Ethic Inc.

CIK 0001780570 · Q2 2026

13F Equity AUM

$8.0B

+25.6% QoQ

Positions

1,358

+123 QoQ

AUM Rank

#1,239

Top 10%

Skill Alpha (FF)

-0.9%/yr^ns

No Clear Edge

Rank #4,064 · Top 49%

vs S&P -0.2%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 21.6%Top 10: 30.6%Top 20: 39.4%

NVDA6.6%

AAPL5.8%

MSFT3.7%

GOOGL2.8%

GOOG2.7%

AMZN2.5%

MU1.9%

AVGO1.9%

LLY1.4%

AMD1.3%

Others (1348)69.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology37.4%

Financial Services14.1%

Communication Services9.8%

Industrials8.7%

Healthcare8.6%

Consumer Cyclical7.5%

Consumer Defensive3.4%

Utilities2.8%

Other7.8%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 1358Median: 0.01%Avg: 0.07%

0–0.5%

1332(57.2%)

0.5–1%

13(9.0%)

1–3%

10(17.7%)

3–5%

1(3.7%)

5%+

2(12.4%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 0Unique: 1,358vs 20 funds

0%Low

1,358

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Loading overlap analysis...

Position Changes This Quarter

New226Increased726Decreased399Exited103

New Positions

GOOGL2.8%

+637K

UBER0.2%

+230K

AZN0.1%

+51K

LITE0.1%

+8K

MCHP0.1%

+63K

NSC0.1%

+18K

FLEX0.1%

+37K

BMO0.1%

+27K

SCHF0.1%

+142K

MCX0.1%

+73K

Increased

NVDA6.6%

+190K(+8%)

KLAC0.7%

+159K(+935%)

ICL0.0%

+127K(+288%)

AAPL5.8%

+124K(+8%)

BKNG0.3%

+121K(+2484%)

NI0.1%

+117K(+903%)

ELPC0.0%

+114K(+287%)

NVO0.1%

+106K(+196%)

GIS0.1%

+101K(+65%)

PPL0.0%

+82K(+570%)

Decreased

WIT0.0%

-1,010,355(-73%)

GOOG2.7%

-560,503(-48%)

ABEV0.0%

-436,083(-63%)

GRABW0.0%

-300,264(-64%)

LPL0.0%

-181,025(-31%)

VOTE0.2%

-152,221(-44%)

GGB0.0%

-122,329(-51%)

KOS0.0%

-83,640(-42%)

NMR0.1%

-80,764(-7%)

KMI0.0%

-69,239(-58%)

Exited

-224,902

-131,998

-35,606

-24,605

-6,987

-76,549

-57,965

-70,889

TAP/A

-68,003

EFX

-36,321

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...