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EF
Empirical Finance Portfolio holdings
AUM
$2.13B
1-Year Est. Return
29.56%
This Fund
S&P 500
This Quarter
Est. Return
+7.3%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$613M
AUM Growth
+$44.8M
(+7.9%)
Cap. Flow
-$30.6M
Cap. Flow
% of AUM
-4.99%
Top 10 Holdings %
Top 10 Hldgs %
32.64%
Holding
423
New
98
Increased
241
Reduced
64
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
|
+$5.58M |
| 2 |
Microsoft
MSFT
|
+$3.23M |
| 3 |
Apple
AAPL
|
+$3.19M |
| 4 |
Amazon
AMZN
|
+$2.53M |
| 5 |
UnitedHealth
UNH
|
+$1.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alpha Architect International Quantitative Momentum ETF
IMOM
|
+$10.2M |
| 2 |
Alpha Architect US Quantitative Momentum ETF
QMOM
|
+$7.96M |
| 3 |
SPDR Gold Trust
GLD
|
+$7.95M |
| 4 |
United Rentals
URI
|
+$4.67M |
| 5 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$4.09M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.92% |
| 2 | Healthcare | 11.66% |
| 3 | Consumer Discretionary | 9.86% |
| 4 | Financials | 8.78% |
| 5 | Communication Services | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Newmont
NEM
$99.7B
| $569K | 0.09% |
8,976
+1,417
| +19% | +$95K |
|
227
EOG Resources
EOG
$78.1B
| $567K | 0.09% |
6,794
+990
| +17% | +$78.3K |
|
228
MetLife
MET
$61.8B
| $563K | 0.09% |
9,408
+1,123
| +14% | +$71.2K |
|
229
L3Harris
LHX
$51.3B
| $561K | 0.09% |
2,594
+276
| +12% | +$59.4K |
|
230
Dow Inc
DOW
$21.9B
| $560K | 0.09% |
8,856
+1,263
| +17% | +$83.4K |
|
231
Kimberly-Clark
KMB
$36.5B
| $542K | 0.09% |
4,053
+568
| +16% | +$75.8K |
|
232
Agilent Technologies
A
$39.2B
| $541K | 0.09% |
3,662
+478
| +15% | +$65.2K |
|
233
T. Rowe Price
TROW
$24.3B
| $541K | 0.09% |
2,732
+383
| +16% | +$71.6K |
|
234
General Dynamics
GD
$103B
| $533K | 0.09% |
2,833
+374
| +15% | +$70.5K |
|
235
Ross Stores
ROST
$81.1B
| $529K | 0.09% |
4,264
+577
| +16% | +$72K |
|
236
Align Technology
ALGN
$12.3B
| $521K | 0.08% |
853
+125
| +17% | +$74K |
|
237
IQVIA
IQV
$38.3B
| $510K | 0.08% |
2,104
+325
| +18% | +$75K |
|
238
Exelon
EXC
$47B
| $509K | 0.08% |
16,115
+2,423
| +18% | +$78K |
|
239
Affirm
AFRM
$25.4B
| $505K | 0.08% |
+7,501
| New | +$478K |
|
|
BNY
240
Bank of New York Mellon
BNY
$105B
| $505K | 0.08% |
9,862
+1,319
| +15% | +$66K |
|
241
MSCI
MSCI
$41.5B
| $503K | 0.08% |
943
+134
| +17% | +$63.9K |
|
242
Chipotle Mexican Grill
CMG
$47.1B
| $502K | 0.08% |
16,200
+2,550
| +19% | +$72.8K |
|
243
American Electric Power
AEP
$69.7B
| $497K | 0.08% |
5,879
+885
| +18% | +$76.2K |
|
244
Electronic Arts
EA
$53B
| $497K | 0.08% |
3,452
+477
| +16% | +$67.7K |
|
245
O'Reilly Automotive
ORLY
$73.3B
| $494K | 0.08% |
13,080
+1,410
| +12% | +$50.6K |
|
246
American International
AIG
$41.5B
| $489K | 0.08% |
10,283
+1,476
| +17% | +$73K |
|
247
Prudential Financial
PRU
$42.7B
| $489K | 0.08% |
4,769
+675
| +16% | +$68.9K |
|
248
Allstate
ALL
$67.9B
| $486K | 0.08% |
3,725
+460
| +14% | +$59.4K |
|
249
Amphenol
APH
$199B
| $485K | 0.08% |
14,168
+8,146
| +135% | +$275K |
|
250
Baxter International
BAX
$14.4B
| $481K | 0.08% |
5,981
+854
| +17% | +$71.6K |
|
Similar funds
AAP
BCM
GS
SC
NAAA
IVAV
GA
HJGA
Empirical Finance's Q2 2021 Portfolio in Review
As of Q2 2021, Empirical Finance held 423 positions worth $613M, up 7.9% from $569M the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Empirical Finance withdrew a net $30.6M in Q2 2021, closing 20 positions and reducing 64 holdings. Its most notable exit was SPDR Gold Trust, an estimated $7.95M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Empirical Finance opened a new position in Tesla worth $1.4M.
- Empirical Finance's largest Q2 2021 buy was Tesla: 6,189 shares worth $1.4M.
- Empirical Finance added most to Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in Q2 2021, an estimated $5.58M increase.
- Empirical Finance's biggest Q2 2021 reduction was Alpha Architect International Quantitative Momentum ETF, cutting an estimated $10.2M.
- Empirical Finance fully exited SPDR Gold Trust in Q2 2021, selling an estimated $7.95M.
- Empirical Finance's ten largest holdings make up 33% of its $613M portfolio in Q2 2021.
- Empirical Finance opened 98 new positions and closed 20 in Q2 2021.
- Empirical Finance's portfolio value rose 7.9% quarter-over-quarter to $613M.
Based on Empirical Finance's 13F filing for Q2 2021, filed 4 Aug 2021.