Empirical Finance’s Ecopetrol EC Stock Holding History

Empirical Finance’s Portfolio EC Stock Details EC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-423,622	Closed	-$3.9M	–	489
2025 Q3	$3.9M	Buy	423,622 +122,756	+41%	+$1.1M	0.19%	111
2025 Q2	$2.66M	Buy	300,866 +127,856	+74%	+$1.13M	0.14%	143
2025 Q1	$1.81M	Buy	+173,010	New	+$1.65M	0.11%	174

Other funds holding EC

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Millennium Management New York $276B AUM 44.8% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Charles Schwab San Francisco, California $751B AUM 38.74% 1-Year Est. Return

Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

D.E. Shaw & Co New York $210B AUM 57.28% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

American Century Companies Kansas City, Missouri $226B AUM 44.75% 1-Year Est. Return

THC

Truffle Hound Capital Bethesda, Maryland $468M AUM 42.57% 1-Year Est. Return

Empirical Finance's EC Position: Q4 2025 in Review

Empirical Finance sold out of Ecopetrol (EC) in Q4 2025, closing a stake of 423,622 shares — an estimated $3.9M sold.

Empirical Finance first reported a position in EC in Q1 2025 and held it in 3 quarters. The position peaked at $3.9M in Q3 2025. 136 funds tracked by Wall St. Rank hold EC as of Q4 2025.

Empirical Finance reported no remaining Ecopetrol position as of Q4 2025 after selling out during the quarter.
Empirical Finance sold 423,622 Ecopetrol shares in Q4 2025, an estimated $3.9M.
Empirical Finance first reported a position in Ecopetrol in Q1 2025 and held it in 3 quarters.
Empirical Finance's Ecopetrol position peaked at $3.9M in Q3 2025.
136 funds tracked by Wall St. Rank held Ecopetrol as of Q4 2025.

Based on Empirical Finance's 13F filing for Q4 2025, filed 12 Feb 2026.