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Livermore
Livermore
ZHEN

Ethic Inc.

SEC CIK
0001780570
Latest filing
Jul 29, 2026

The latest 13F from Ethic Inc. covers Q2 2026 (filed Jul 29, 2026): 1,358 long positions worth $8.02B. The top 10 holdings make up 30.6% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 6.6%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
221
Est. +$387.6M
Added
728
Est. +$641.3M
Reduced
402
Est. −$359.4M
Sold out
98
Est. −$93.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    6.6%$527.6MHistory
  2. AAPLApple Inc.
    5.8%$467.7MHistory
  3. MSFTMicrosoft Corp
    3.7%$295.0MHistory
  4. GOOGLAlphabet Inc.
    2.8%$227.5MHistory
  5. GOOGAlphabet Inc.
    2.7%$216.1MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. GOOGLAlphabet Inc.
    +$227.5MNewHistory
  2. NVDANVIDIA Corp
    +$38.1MAddedHistory
  3. AAPLApple Inc.
    +$35.8MAddedHistory
  4. MSFTMicrosoft Corp
    +$29.0MAddedHistory
  5. AVGOBroadcom Inc.
    +$16.9MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. GOOGLAlphabet Inc.
    +2.84 pp0.0% → 2.8%History
  2. MUMicron Technology Inc
    +1.24 pp0.7% → 1.9%History
  3. AMDAdvanced Micro Devices Inc
    +0.74 pp0.5% → 1.3%History
  4. INTCIntel Corp
    +0.54 pp0.3% → 0.9%History
  5. AMATApplied Materials Inc
    +0.45 pp0.6% → 1.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GOOGAlphabet Inc.
    −$198.0MReducedHistory
  2. Uber Technologies, Inc90353TAM2
    −$16.2MSold out
  3. IESCIES Holdings, Inc.
    −$15.6MReducedHistory
  4. Vanguard Emerging Markets Ex-China ETF921910683
    −$14.8MSold out
  5. Engine No 1 ETF Trust29287L106
    −$13.4MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. GOOGAlphabet Inc.
    −2.58 pp5.3% → 2.7%History
  2. Uber Technologies, Inc90353TAM2
    −0.25 pp0.3% → 0.0%
  3. Vanguard Emerging Markets Ex-China ETF921910683
    −0.23 pp0.2% → 0.0%
  4. Engine No 1 ETF Trust29287L106
    −0.20 pp0.4% → 0.2%
  5. CRMSalesforce, Inc.
    −0.13 pp0.3% → 0.2%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$8.02B
+$1.64B (+25.7%) vs. prior quarter
Positions
1,358
+123 vs. prior quarter
Top 10 concentration
30.6%
Top 10 as share of value
Turnover
6.3%
Q2 2026, one quarter
Average holding period
18.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $8.02B (Q2 2026)

Q1 2021: $561.0MQ2 2021: $824.9MQ3 2021: $977.1MQ4 2021: $1.30BQ1 2022: $1.45BQ2 2022: $1.43BQ3 2022: $1.47BQ4 2022: $1.85BQ1 2023: $2.46BQ2 2023: $2.70BQ3 2023: $2.85BQ4 2023: $3.38BQ1 2024: $3.96BQ2 2024: $4.26BQ3 2024: $3.96BQ4 2024: $4.96BQ1 2025: $4.94BQ2 2025: $5.58BQ3 2025: $6.08BQ4 2025: $6.50BQ1 2026: $6.38BQ2 2026: $8.02B
Q1 2021Q2 2026
13F filings of Ethic Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 20261,358$8.02BNVDAAAPLMSFTvs. Q1 2026SEC
Q1 2026Apr 27, 20261,235$6.38BNVDAAAPLGOOGvs. Q4 2025SEC
Q4 2025Feb 3, 20261,210$6.50BNVDAAAPLMSFTvs. Q3 2025SEC
Q3 2025Oct 17, 20251,192$6.08BNVDAAAPLMSFTvs. Q2 2025SEC
Q2 2025Jul 30, 20251,214$5.58BNVDAMSFTAAPLvs. Q1 2025SEC
Q1 2025May 13, 20251,164$4.94BAAPLMSFTNVDAvs. Q4 2024SEC
Q4 2024Feb 14, 20251,143$4.96BAAPLNVDAMSFTvs. Q3 2024SEC
Q3 2024Nov 13, 20241,081$3.96BMSFTAAPLNVDAvs. Q2 2024SEC
Q2 2024Aug 13, 20241,130$4.26BMSFTAAPLNVDAvs. Q1 2024SEC
Q1 2024May 13, 20241,080$3.96BMSFTAAPLNVDAvs. Q4 2023SEC
Q4 2023Feb 14, 20241,048$3.38BAAPLMSFTNVDAvs. Q3 2023SEC
Q3 2023Nov 14, 20231,011$2.85BAAPLMSFTNVDAvs. Q2 2023SEC
Q2 2023Aug 14, 2023968$2.70BAAPLMSFTNVDAvs. Q1 2023SEC
Q1 2023May 12, 2023959$2.46BAAPLMSFTAMZNvs. Q4 2022SEC
Q4 2022Feb 14, 2023902$1.85BAAPLMSFTGOOGLvs. Q3 2022SEC
Q3 2022Nov 14, 2022797$1.47BAAPLMSFTAMZNvs. Q2 2022SEC
Q2 2022Aug 10, 2022754$1.43BAAPLMSFTGOOGLvs. Q1 2022SEC
Q1 2022May 16, 2022741$1.45BAAPLMSFTAMZNvs. Q4 2021SEC
Q4 2021Feb 14, 2022663$1.30BAAPLMSFTAMZNvs. Q3 2021SEC
Q3 2021Nov 15, 2021609$977.1MAAPLMSFTAMZNvs. Q2 2021SEC
Q2 2021Aug 10, 2021564$824.9MAAPLMSFTAMZNvs. Q1 2021SEC
Q1 2021May 13, 2021486$561.0MAAPLMSFTAMZN–SEC