We are live on ! Find out more
EF

Empirical Finance Portfolio holdings

AUM $2.13B
1-Year Est. Return 29.56%
This Fund
S&P 500
This Quarter Est. Return
+11.75%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$1.43B
AUM Growth
+$72.6M
Cap. Flow
-$67.2M
Cap. Flow %
-4.68%
Top 10 Hldgs %
30.02%
Holding
534
New
24
Increased
339
Reduced
115
Closed
21

Top Buys

Rank Stock Value
1
BOXX icon
Alpha Architect 1-3 Month Box ETF
BOXX
+$1.66M
2
MSFT icon
Microsoft
MSFT
+$629K
3
VLTO icon
Veralto
VLTO
+$565K
4
PHM icon
Pultegroup
PHM
+$563K
5
DHI icon
D.R. Horton
DHI
+$536K

Top Sells

Rank Stock Value
1
SGOV icon
iShares 0-3 Month Treasury Bond ETF
SGOV
+$26.9M
2
IMOM icon
Alpha Architect International Quantitative Momentum ETF
IMOM
+$10.1M
3
QMOM icon
Alpha Architect US Quantitative Momentum ETF
QMOM
+$8.98M
4
IVAL icon
Alpha Architect International Quantitative Value ETF
IVAL
+$8.6M
5
QVAL icon
Alpha Architect US Quantitative Value ETF
QVAL
+$8.25M

Sector Composition

Rank Sector Weight
1 Technology 27.37%
2 Healthcare 12.03%
3 Financials 10.77%
4 Consumer Discretionary 10.06%
5 Communication Services 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMI icon
226
Cummins
CMI
$89.5B
$1.19M 0.08%
4,982
+28
+0.6% +$6.37K
RSG icon
227
Republic Services
RSG
$63.9B
$1.19M 0.08%
7,219
+44
+0.6% +$6.83K
EL icon
228
Estee Lauder
EL
$31.5B
$1.18M 0.08%
8,074
+68
+0.8% +$9.03K
NEM icon
229
Newmont
NEM
$110B
$1.18M 0.08%
28,395
+1,060
+4% +$40.9K
PANW icon
230
Palo Alto Networks
PANW
$296B
$1.17M 0.08%
7,948
+1,312
+20% +$175K
XEL icon
231
Xcel Energy
XEL
$48.2B
$1.17M 0.08%
18,910
+153
+0.8% +$9.18K
TMHC
232
DELISTED
Taylor Morrison
TMHC
$1.15M 0.08%
21,577
+10,941
+103% +$489K
CNR
233
Core Natural Resources Inc
CNR
$4.22B
$1.14M 0.08%
11,308
+4,444
+65% +$452K
OC icon
234
Owens Corning
OC
$12.3B
$1.13M 0.08%
7,618
– –
HAL icon
235
Halliburton
HAL
$26.5B
$1.13M 0.08%
31,220
+233
+0.8% +$8.96K
COR icon
236
Cencora
COR
$61.7B
$1.12M 0.08%
5,451
+56
+1% +$10.9K
LBRT icon
237
Liberty Energy
LBRT
$3.17B
$1.11M 0.08%
61,214
+25,173
+70% +$478K
ED icon
238
Consolidated Edison
ED
$40B
$1.11M 0.08%
12,173
+97
+0.8% +$8.67K
MLM icon
239
Martin Marietta Materials
MLM
$33.2B
$1.09M 0.08%
2,182
+15
+0.7% +$6.76K
AMR icon
240
Alpha Metallurgical Resources
AMR
$1.78B
$1.08M 0.08%
3,201
– –
STNG icon
241
Scorpio Tankers
STNG
$3.71B
$1.08M 0.08%
17,835
+8,614
+93% +$485K
DG icon
242
Dollar General
DG
$28B
$1.08M 0.08%
7,955
+24
+0.3% +$2.91K
KR icon
243
Kroger
KR
$34.7B
$1.07M 0.07%
23,471
+61
+0.3% +$2.71K
PEG icon
244
Public Service Enterprise Group
PEG
$37.7B
$1.07M 0.07%
17,520
+102
+0.6% +$6.27K
DLTR icon
245
Dollar Tree
DLTR
$24.7B
$1.07M 0.07%
7,534
+5
+0.1% +$592
GVAL icon
246
Cambria Global Value ETF
GVAL
$594M
$1.07M 0.07%
50,174
– –
DFS
247
DELISTED
Discover Financial Services
DFS
$1.06M 0.07%
9,475
-35
-0.4% -$3.23K
PWR icon
248
Quanta Services
PWR
$103B
$1.06M 0.07%
4,932
+38
+0.8% +$7.02K
CF icon
249
CF Industries
CF
$17.9B
$1.06M 0.07%
13,278
-41
-0.3% -$3.26K
DINO icon
250
HF Sinclair
DINO
$14.8B
$1.05M 0.07%
18,984
+8,091
+74% +$441K
8 9
10
11 12

Similar funds

AAP
Aristotle Atlantic Partners Sarasota, Florida $2.14B AUM 37.01% 1-Year Est. Return
BCM
Basswood Capital Management New York $2.12B AUM 19.53% 1-Year Est. Return
SC
SouthState Corp Winter Haven, Florida $2.14B AUM 18.39% 1-Year Est. Return
NAAA
New Age Alpha Advisors Rye, New York $2.15B AUM 27.2% 1-Year Est. Return
IVAV
Index Venture Associates VI St. Helier, Channel Islands, Jersey $2.11B AUM 13.76% 1-Year Est. Return
GA
General Atlantic New York $2.15B AUM 35.02% 1-Year Est. Return
HJGA
Hardman Johnston Global Advisors Stamford, Connecticut $2.1B AUM 41.89% 1-Year Est. Return
CF
Centaurus Financial Anaheim, California $2.1B AUM 21.28% 1-Year Est. Return

Empirical Finance's Q4 2023 Portfolio in Review

As of Q4 2023, Empirical Finance held 534 positions worth $1.43B, up 5.3% from $1.36B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Empirical Finance withdrew a net $67.2M in Q4 2023, closing 21 positions and reducing 115 holdings. Its most notable exit was iShares 0-3 Month Treasury Bond ETF, an estimated $26.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 25% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Empirical Finance opened a new position in Veralto worth $622K.

  • Empirical Finance's largest Q4 2023 buy was Veralto: 7,563 shares worth $622K.
  • Empirical Finance added most to Alpha Architect 1-3 Month Box ETF in Q4 2023, an estimated $1.66M increase.
  • Empirical Finance's biggest Q4 2023 reduction was Alpha Architect International Quantitative Momentum ETF, cutting an estimated $10.1M.
  • Empirical Finance fully exited iShares 0-3 Month Treasury Bond ETF in Q4 2023, selling an estimated $26.9M.
  • Empirical Finance's ten largest holdings make up 30% of its $1.43B portfolio in Q4 2023.
  • Empirical Finance opened 24 new positions and closed 21 in Q4 2023.
  • Empirical Finance's portfolio value rose 5.3% quarter-over-quarter to $1.43B.

Based on Empirical Finance's 13F filing for Q4 2023, filed 14 Feb 2024.