Ethic Inc.

NEW YORK, NY · CIK 1780570 · 13F filing filed 2026-07-29

SEC-registered investment adviser since 2016 · corporation

Assets managed$10.1bn
Staff75 · 13 in investment roles
Main clients (by assets)Other advisers 64%, Companies 20%, Charities 11%
Form ADV · 2026-08-28SEC adviser record

Legal entityEthic Inc. (US)

Others nearbyNew York, NY

As an employer

Offices in1 country

US visa salary filings

Filings FY2024–20267
Median salary offered$160,805
Middle half$137,550 – $183,082
Job titles7
E-3 (Australians)3

Job title	Filings	Median	Range
Director Of Product, GrowthNew York, NJ	1	$200,000
Engineering Lead, TradingNew York, NY	1	$189,592	$189,592 – $249,592
Head Of Investment StrategyNew York, NY	1	$176,571	$176,571 – $285,000
Engineering Lead (Ai And Agent Development)New York, NY	1	$160,805	$160,805 – $245,000
Portfolio ManagerNew York, NY	1	$146,141	$146,141 – $175,000
Chief Product & Strategy OfficerNew York, NY	1	$128,960	$128,960 – $360,000
Portfolio Manager, LeadNew York City, NY	1	$115,731	$115,731 – $160,000

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: Ethic Inc..

$8.0bn reported value +25.6% vs Q1 2026

1,358positions

30.6%in top 10

226 new 726 added 399 reduced 103 sold out vs Q1 2026

Also in the report of:

Advisory Services Network, LLC – $1.2m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	2,636,691	$527.6m6.58%	6.58%	Added +190.3k	+190,274 7.8%
2	APPLE INC COM AAPL	AAPL	1,616,480	$467.7m5.83%	5.83%	Added +123.8k	+123,835 8.3%
3	MICROSOFT CORP COM MSFT	MSFT	790,780	$295.0m3.68%	3.68%	Added +77.6k	+77,633 10.9%
4	ALPHABET INC CAP STK CL A GOOGL	GOOGL	636,505	$227.5m2.84%	2.84%	New
5	ALPHABET INC CAP STK CL C GOOG	GOOG	611,565	$216.1m2.69%	2.69%	Reduced -560.5k	-560,503 -47.8%
6	AMAZON COM INC COM AMZN	AMZN	855,892	$204.0m2.54%	2.54%	Added +69.7k	+69,725 8.9%
7	MICRON TECHNOLOGY INC COM MU	MU	132,569	$153.0m1.91%	1.91%	Added +6.9k	+6,867 5.5%
8	BROADCOM INC COM AVGO	AVGO	403,872	$152.6m1.90%	1.90%	Added +44.7k	+44,720 12.4%
9	ELI LILLY & CO COM LLY	LLY	90,920	$109.1m1.36%	1.36%	Added +6.4k	+6,386 7.5%
10	ADVANCED MICRO DEVICES INC COM AMD	AMD	172,870	$100.4m1.25%	1.25%	Added +12.7k	+12,737 8.0%
11	META PLATFORMS INC CL A META	META	169,248	$95.3m1.19%	1.19%	Added +8.8k	+8,752 5.5%
12	APPLIED MATLS INC COM AMAT	AMAT	114,400	$82.7m1.03%	1.03%	Added +6.1k	+6,083 5.6%
13	TESLA INC COM TSLA	TSLA	194,777	$81.9m1.02%	1.02%	Added +16.4k	+16,396 9.2%
14	LAM RESEARCH CORP COM NEW LRCX	LRCX	173,312	$75.1m0.94%	0.94%	Added +1.4k	+1,389 0.8%
15	VISA INC COM CL A V	V	205,832	$70.6m0.88%	0.88%	Added +19.0k	+19,033 10.2%
16	INTEL CORP COM INTC	INTC	498,001	$69.5m0.87%	0.87%	Added +27.8k	+27,839 5.9%
17	CISCO SYS INC COM CSCO	CSCO	547,697	$64.3m0.80%	0.80%	Added +28.7k	+28,714 5.5%
18	CATERPILLAR INC COM CAT	CAT	59,981	$63.9m0.80%	0.80%	Added +3.8k	+3,826 6.8%
19	KLA CORP COM NEW KLAC	KLAC	176,055	$53.1m0.66%	0.66%	Added +6.0k	+6,025 3.5%
20	GOLDMAN SACHS GROUP INC COM GS	GS	51,488	$52.1m0.65%	0.65%	Added +1.4k	+1,422 2.8%
21	MASTERCARD INCORPORATED CL A MA	MA	96,299	$49.5m0.62%	0.62%	Added +5.4k	+5,421 6.0%
22	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	100,553	$48.0m0.60%	0.60%	Added +14.6k	+14,569 16.9%
23	MERCK & CO INC COM MRK	MRK	358,041	$46.0m0.57%	0.57%	Added +31.7k	+31,744 9.7%
24	UNITEDHEALTH GROUP INC COM UNH	UNH	104,863	$43.6m0.54%	0.54%	Added +11.7k	+11,652 12.5%
25	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	21,320	$42.4m0.53%	0.53%	Added +1.4k	+1,392 7.0%
26	MORGAN STANLEY COM NEW MS	MS	200,383	$41.9m0.52%	0.52%	Added +1.1k	+1,117 0.6%
27	GE VERNOVA INC COM GEV	GEV	33,337	$39.2m0.49%	0.49%	Added +1.2k	+1,185 3.7%
28	NETFLIX INC COM NFLX	NFLX	531,935	$38.0m0.47%	0.47%	Added +21.5k	+21,505 4.2%
29	HOME DEPOT INC COM HD	HD	107,161	$37.8m0.47%	0.47%	Added +6.2k	+6,164 6.1%
30	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	132,007	$37.1m0.46%	0.46%	Added +5.5k	+5,522 4.4%
31	CORNING INC COM GLW	GLW	138,317	$35.3m0.44%	0.44%	Reduced -11.7k	-11,702 -7.8%
32	ORACLE CORP COM ORCL	ORCL	235,570	$34.5m0.43%	0.43%	Added +20.7k	+20,715 9.6%
33	SANDISK CORP COM SNDK	SNDK	14,024	$31.9m0.40%	0.40%	Added +1.4k	+1,355 10.7%
34	PALO ALTO NETWORKS INC COM PANW	PANW	92,263	$31.5m0.39%	0.39%	Added +932	+932 1.0%
35	WESTERN DIGITAL CORP COM WDC	WDC	49,030	$31.3m0.39%	0.39%	Reduced -329	-329 -0.7%
36	JPMORGAN CHASE & CO COM JPM	JPM	92,027	$30.1m0.38%	0.38%	Added +8.3k	+8,322 9.9%
37	BANK NEW YORK MELLON CORP COM BNY	BNY	207,090	$29.9m0.37%	0.37%	Added +4.2k	+4,209 2.1%
38	BANK AMERICA CORP COM BAC	BAC	520,913	$29.7m0.37%	0.37%	Added +52.7k	+52,741 11.3%
39	TEXAS INSTRS INC COM TXN	TXN	98,927	$29.5m0.37%	0.37%	Added +10.9k	+10,865 12.3%
40	AMERICAN EXPRESS CO COM AXP	AXP	85,634	$29.0m0.36%	0.36%	Added +4.2k	+4,179 5.1%
41	TJX COS INC NEW COM TJX	TJX	188,435	$28.5m0.36%	0.36%	Added +14.6k	+14,591 8.4%
42	JOHNSON & JOHNSON COM JNJ	JNJ	109,758	$27.9m0.35%	0.35%	Added +6.3k	+6,345 6.1%
43	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	55,570	$27.8m0.35%	0.35%	Added +2.0k	+2,048 3.8%
44	GE AEROSPACE COM NEW GE	GE	72,943	$27.3m0.34%	0.34%	Added +16.0k	+16,007 28.1%
45	WELLTOWER INC COM WELL	WELL	117,057	$26.6m0.33%	0.33%	Added +6.6k	+6,554 5.9%
46	VERIZON COMMUNICATIONS INC COM VZ	VZ	606,443	$25.7m0.32%	0.32%	Added +43.0k	+42,971 7.6%
47	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	48,517	$24.3m0.30%	0.30%	Added +287	+287 0.6%
48	ABBOTT LABS COM ABT	ABT	256,457	$23.3m0.29%	0.29%	Added +31.8k	+31,836 14.2%
49	PNC FINL SVCS GROUP INC COM PNC	PNC	92,712	$22.8m0.28%	0.28%	Added +8.1k	+8,086 9.6%
50	DISNEY WALT CO COM DIS	DIS	236,762	$22.8m0.28%	0.28%	Added +21.2k	+21,245 9.9%
51	BOOKING HOLDINGS INC COM BKNG	BKNG	126,182	$22.5m0.28%	0.28%	Added +4.1k	+4,082 3.3%
52	AT&T INC COM T	T	1,074,013	$22.2m0.28%	0.28%	Added +37.1k	+37,061 3.6%
53	QUANTA SVCS INC COM PWR	PWR	30,349	$21.9m0.27%	0.27%	Added +424	+424 1.4%
54	PFIZER INC COM PFE	PFE	882,175	$21.2m0.26%	0.26%	Added +81.7k	+81,670 10.2%
55	DEERE & CO COM DE	DE	33,381	$21.2m0.26%	0.26%	Added +2.2k	+2,173 7.0%
56	EATON CORP PLC SHS ETN	ETN	49,547	$21.1m0.26%	0.26%	Added +3.7k	+3,710 8.1%
57	ABBVIE INC COM ABBV	ABBV	83,563	$21.0m0.26%	0.26%	Added +2.8k	+2,843 3.5%
58	DELL TECHNOLOGIES INC CL C DELL	DELL	48,153	$20.8m0.26%	0.26%	Added +9.0k	+8,967 22.9%
59	AMGEN INC COM AMGN	AMGN	56,184	$20.3m0.25%	0.25%	Added +5.6k	+5,644 11.2%
60	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	26,549	$20.3m0.25%	0.25%	Added +934	+934 3.6%
61	QUALCOMM INC COM QCOM	QCOM	107,979	$20.0m0.25%	0.25%	Added +7.9k	+7,926 7.9%
62	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	87,694	$19.6m0.24%	0.24%	Added +16.3k	+16,341 22.9%
63	CHUBB LIMITED COM CB	CB	56,773	$19.3m0.24%	0.24%	Reduced -13.4k	-13,448 -19.1%
64	WALMART INC COM WMT	WMT	170,782	$19.3m0.24%	0.24%	Reduced -3.1k	-3,102 -1.8%
65	LOWES COS INC COM LOW	LOW	86,539	$19.1m0.24%	0.24%	Added +560	+560 0.7%
66	CITIGROUP INC COM NEW C	C	135,864	$19.0m0.24%	0.24%	Added +7.9k	+7,936 6.2%
67	VERTIV HOLDINGS CO COM CL A VRT	VRT	56,778	$19.0m0.24%	0.24%	Added +5.1k	+5,105 9.9%
68	PROGRESSIVE CORP COM PGR	PGR	86,709	$18.9m0.24%	0.24%	Added +8.3k	+8,317 10.6%
69	SCHWAB CHARLES CORP COM SCHW	SCHW	204,339	$18.9m0.24%	0.24%	Added +17.7k	+17,677 9.5%
70	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	19,485	$18.8m0.23%	0.23%	Reduced -1.3k	-1,265 -6.1%
71	COSTCO WHSL CORP NEW COM COST	COST	19,930	$18.6m0.23%	0.23%	Added +82	+82 0.4%
72	JOHNSON CTLS INTL PLC SHS JCI	JCI	126,375	$18.5m0.23%	0.23%	Added +7.3k	+7,296 6.1%
73	S&P GLOBAL INC COM SPGI	SPGI	44,631	$18.2m0.23%	0.23%	Added +1.6k	+1,584 3.7%
74	STRYKER CORPORATION COM SYK	SYK	57,533	$18.1m0.23%	0.23%	Added +2.1k	+2,094 3.8%
75	EXELON CORP COM EXC	EXC	387,468	$18.1m0.23%	0.23%	Added +28.8k	+28,809 8.0%
76	CONSOLIDATED EDISON INC COM ED	ED	162,939	$18.0m0.22%	0.22%	Reduced -2.0k	-1,960 -1.2%
77	ASE TECHNOLOGY HLDG CO LTD SPONSORED ADS ASX	ASX	396,781	$17.9m0.22%	0.22%	Added +2.8k	+2,778 0.7%
78	AMPHENOL CORP CL A APH	APH	100,929	$17.8m0.22%	0.22%	Added +931	+931 0.9%
79	ARISTA NETWORKS INC COM SHS ANET	ANET	104,491	$17.8m0.22%	0.22%	Added +4.7k	+4,696 4.7%
80	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	44,089	$17.5m0.22%	0.22%	Added +1.3k	+1,291 3.0%
81	AFLAC INC COM AFL	AFL	147,498	$17.3m0.22%	0.22%	Added +15.7k	+15,718 11.9%
82	PROLOGIS INC. COM PLD	PLD	127,267	$17.2m0.21%	0.21%	Added +9.5k	+9,464 8.0%
83	SALESFORCE INC COM CRM	CRM	109,633	$17.2m0.21%	0.21%	Reduced -7.7k	-7,743 -6.6%
84	TCW ETF TRUST TRANSFRM 500 ETF VOTE	VOTE	194,114	$17.1m0.21%	0.21%	Reduced -152.2k	-152,221 -44.0%
85	NOVARTIS AG SPONSORED ADR NVS	NVS	108,784	$17.0m0.21%	0.21%	Added +5.2k	+5,233 5.0%
86	US BANCORP DEL COM NEW USB	USB	282,109	$17.0m0.21%	0.21%	Added +19.7k	+19,704 7.5%
87	UBER TECHNOLOGIES INC COM UBER	UBER	230,468	$16.6m0.21%	0.21%	New
88	HSBC HLDGS PLC SPON ADR NEW HSBC	HSBC	174,381	$16.6m0.21%	0.21%	Added +15.7k	+15,679 9.9%
89	ANALOG DEVICES INC COM ADI	ADI	41,183	$16.4m0.20%	0.20%	Added +5.0k	+4,952 13.7%
90	CAPITAL ONE FINL CORP COM COF	COF	80,924	$16.2m0.20%	0.20%	Added +551	+551 0.7%
91	LOEWS CORP COM L	L	143,177	$16.2m0.20%	0.20%	Added +16.2k	+16,219 12.8%
92	ALLSTATE CORP COM ALL	ALL	67,931	$16.2m0.20%	0.20%	Added +14.3k	+14,342 26.8%
93	TRAVELERS COMPANIES INC COM TRV	TRV	48,739	$16.1m0.20%	0.20%	Reduced -2.3k	-2,287 -4.5%
94	WABTEC COM WAB	WAB	58,029	$15.6m0.20%	0.20%	Added +7.4k	+7,406 14.6%
95	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	270,904	$15.6m0.19%	0.19%	Added +39.3k	+39,266 16.9%
96	MARVELL TECHNOLOGY INC COM MRVL	MRVL	52,359	$15.6m0.19%	0.19%	Reduced -14.9k	-14,876 -22.1%
97	CME GROUP INC COM CME	CME	70,581	$15.6m0.19%	0.19%	Added +3.6k	+3,632 5.4%
98	ECOLAB INC COM ECL	ECL	54,587	$15.2m0.19%	0.19%	Added +8.6k	+8,611 18.7%
99	T-MOBILE US INC COM TMUS	TMUS	90,245	$15.1m0.19%	0.19%	Added +8.7k	+8,680 10.6%
100	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	114,815	$15.1m0.19%	0.19%	Added +1.1k	+1,055 0.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
UBER TECHNOLOGIES INC UBER 0.875 12.01.28 2028	UBER 0.875 12.01.28 2028	224,902	$16.2m224.9k shares
VANGUARD WORLD FD VEXC	VEXC	131,998	$14.8m132.0k shares
ASTRAZENECA PLC		35,606	$7.0m35.6k shares
HONEYWELL INTL INC		12,302	$5.6m12.3k shares
LUMENTUM HLDGS INC LITE 0.5 12.15.26	LITE 0.5 12.15.26	6,987	$4.9m7.0k shares
MCCORMICK & CO INC MKC.V	MKC.V	76,549	$3.9m76.5k shares
MICROCHIP TECHNOLOGY INC. MCHP 7.5 03.15.28	MCHP 7.5 03.15.28	57,965	$3.7m58.0k shares
DUPONT DE NEMOURS INC DWDP	DWDP	23,630	$3.2m23.6k shares
MOLSON COORS BEVERAGE CO TAP.A	TAP.A	68,003	$2.9m68.0k shares
UGI CORP NEW UGI 5 06.01.28	UGI 5 06.01.28	78,547	$2.9m78.5k shares
AIR LEASE CORP AL	AL	39,469	$2.6m39.5k shares
ANTERO MIDSTREAM CORP AM	AM	106,859	$2.4m106.9k shares
ENERFLEX LTD EFXT	EFXT	36,321	$2.4m36.3k shares
ISHARES INC SLVP	SLVP	1,157	$2.2m1.2k shares
HOLOGIC INC HOLX	HOLX	27,887	$2.1m27.9k shares
DUKE ENERGY CORP NEW DUK 4.125 04.15.26	DUK 4.125 04.15.26	15,545	$2.0m15.5k shares
ISHARES INC ESGE	ESGE	36,340	$1.7m36.3k shares
LIBERTY LIVE HOLDINGS INC LLYVA	LLYVA	16,200	$1.5m16.2k shares
CARNIVAL CORP		46,990	$1.2m47.0k shares
COTERRA ENERGY INC CTRA	CTRA	33,994	$1.2m34.0k shares
BANK MONTREAL QUE		8,322	$1.1m8.3k shares
WATSCO INC WSO.B	WSO.B	2,850	$1.0m2.9k shares
CLEARWAY ENERGY INC		25,758	$1.0m25.8k shares
GUIDEWIRE SOFTWARE INC GWRE 1.25 11.01.29	GWRE 1.25 11.01.29	6,602	$987.4k6.6k shares
TETRA TECH INC NEW TTEK 2.25 08.15.28	TTEK 2.25 08.15.28	31,253	$941.3k31.3k shares