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ECM
Empirical Capital Management Portfolio holdings
AUM
$366M
1-Year Est. Return
40.78%
This Fund
S&P 500
This Quarter
Est. Return
+13.19%
1 Year Est. Return
+40.78%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$148M
AUM Growth
-$13.6M
(-8.4%)
Cap. Flow
-$30.9M
Cap. Flow
% of AUM
-20.9%
Top 10 Holdings %
Top 10 Hldgs %
98.08%
Holding
15
New
1
Increased
2
Reduced
6
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$7.33M |
| 2 |
Take-Two Interactive
TTWO
|
+$947K |
| 3 |
American Eagle Outfitters
AEO
|
+$137K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Palantir
PLTR
|
+$17.3M |
| 2 |
Amazon
AMZN
|
+$6.43M |
| 3 |
FedEx
FDX
|
+$3.64M |
| 4 |
TJX Companies
TJX
|
+$2.99M |
| 5 |
XPO
XPO
|
+$2.99M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 44.16% |
| 2 | Consumer Discretionary | 20.12% |
| 3 | Consumer Staples | 18.95% |
| 4 | Technology | 12.4% |
| 5 | Industrials | 4.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Roku
ROKU
$21.1B
| $26.5M | 17.92% |
264,661
-25,739
| -9% | -$2.37M |
|
|
2
Palantir
PLTR
$295B
| $18.3M | 12.4% |
100,500
-107,000
| -52% | -$17.3M |
|
|
3
Take-Two Interactive
TTWO
$43B
| $18.2M | 12.32% |
70,500
+4,000
| +6% | +$947K |
|
4
Walmart Inc
WMT
$871B
| $17.5M | 11.85% |
170,000
| – | – |
|
|
5
Amazon
AMZN
$2.5T
| $15.7M | 10.63% |
71,600
-28,400
| -28% | -$6.43M |
|
|
6
Alphabet (Google) Class A
GOOGL
$3.91T
| $14.6M | 9.86% |
60,000
+35,000
| +140% | +$7.33M |
|
|
7
TJX Companies
TJX
$170B
| $11.2M | 7.57% |
77,500
-22,500
| -23% | -$2.99M |
|
8
Costco
COST
$415B
| $10.5M | 7.1% |
11,350
| – | – |
|
|
9
XPO
XPO
$25B
| $6.46M | 4.37% |
50,000
-23,000
| -32% | -$2.99M |
|
10
Pinterest
PINS
$12.4B
| $6M | 4.06% |
186,650
-18,374
| -9% | -$666K |
|
11
Tesla
TSLA
$1.24T
| $2.67M | 1.8% |
6,000
| – | – |
|
|
12
American Eagle Outfitters
AEO
$2.85B
| $171K | 0.12% |
+10,000
| New | +$137K |
|
13
DraftKings
DKNG
$11.4B
| – | – |
-10,000
| Closed | -$429K |
|
|
14
FedEx
FDX
$74.5B
| – | – |
-16,000
| Closed | -$3.64M |
|
15
Triumph Financial Inc
TFIN
$1.84B
| – | – |
-45,000
| Closed | -$2.48M |
|
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Empirical Capital Management's Q3 2025 Portfolio in Review
As of Q3 2025, Empirical Capital Management held 15 positions worth $148M, down 8.4% from $162M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Empirical Capital Management withdrew a net $30.9M in Q3 2025, closing 3 positions and reducing 6 holdings. Its most notable exit was FedEx, an estimated $3.64M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 44% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
Against the trend, Empirical Capital Management opened a new position in American Eagle Outfitters worth $171K.
- Empirical Capital Management's largest Q3 2025 buy was American Eagle Outfitters: 10,000 shares worth $171K.
- Empirical Capital Management added most to Alphabet (Google) Class A in Q3 2025, an estimated $7.33M increase.
- Empirical Capital Management's biggest Q3 2025 reduction was Palantir, cutting an estimated $17.3M.
- Empirical Capital Management fully exited FedEx in Q3 2025, selling an estimated $3.64M.
- Empirical Capital Management's ten largest holdings make up 98% of its $148M portfolio in Q3 2025.
- Empirical Capital Management opened 1 new position and closed 3 in Q3 2025.
- Empirical Capital Management's portfolio value fell 8.4% quarter-over-quarter to $148M.
Based on Empirical Capital Management's 13F filing for Q3 2025, filed 9 Feb 2026.