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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
Cap. Flow
-$30.6M
Cap. Flow %
-4.99%
Top 10 Hldgs %
32.64%
Holding
423
New
98
Increased
241
Reduced
64
Closed
20

Top Buys

Rank Stock Value
1
PDBC icon
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
+$5.58M
2
MSFT icon
Microsoft
MSFT
+$3.23M
3
AAPL icon
Apple
AAPL
+$3.19M
4
AMZN icon
Amazon
AMZN
+$2.53M
5
UNH icon
UnitedHealth
UNH
+$1.55M

Top Sells

Rank Stock Value
1
IMOM icon
Alpha Architect International Quantitative Momentum ETF
IMOM
+$10.2M
2
QMOM icon
Alpha Architect US Quantitative Momentum ETF
QMOM
+$7.96M
3
GLD icon
SPDR Gold Trust
GLD
+$7.95M
4
URI icon
United Rentals
URI
+$4.67M
5
IEF icon
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
PPG icon
251
PPG Industries
PPG
$25.3B
$480K 0.08%
2,828
+410
+17% +$70.3K
CNC icon
252
Centene
CNC
$31.5B
$475K 0.08%
6,517
+930
+17% +$63.7K
PH icon
253
Parker-Hannifin
PH
$126B
$472K 0.08%
1,537
+223
+17% +$69K
MPC icon
254
Marathon Petroleum
MPC
$89.6B
$467K 0.08%
7,723
+1,100
+17% +$64.5K
STRA icon
255
Strategic Education
STRA
$1.89B
$467K 0.08%
6,135
-4,823
-44% -$385K
SYY icon
256
Sysco
SYY
$40.7B
$466K 0.08%
5,990
+901
+18% +$72.8K
WIZ
257
DELISTED
Alpha Architect Merlyn.AI Bull-Rider Bear-Fighter ETF
WIZ
$466K 0.08%
13,001
-49,892
-79% -$1.74M
CARR icon
258
Carrier Global
CARR
$52.1B
$461K 0.08%
9,480
+1,403
+17% +$62.7K
WBA
259
DELISTED
Walgreens Boots Alliance
WBA
$461K 0.08%
8,754
+1,120
+15% +$60.2K
SRE icon
260
Sempra
SRE
$57.3B
$459K 0.07%
6,926
+1,152
+20% +$78.8K
TRV icon
261
Travelers Companies
TRV
$78B
$455K 0.07%
3,040
+426
+16% +$66.1K
MCHP icon
262
Microchip Technology
MCHP
$40.8B
$453K 0.07%
6,056
+1,030
+20% +$78.5K
CTSH icon
263
Cognizant
CTSH
$24.9B
$447K 0.07%
6,457
-24,356
-79% -$1.81M
DFS
264
DELISTED
Discover Financial Services
DFS
$442K 0.07%
3,736
+509
+16% +$57.5K
PSX icon
265
Phillips 66
PSX
$82.7B
$441K 0.07%
5,136
+745
+17% +$62.9K
MAR icon
266
Marriott International
MAR
$91.5B
$438K 0.07%
3,211
+436
+16% +$62.9K
GIS icon
267
General Mills
GIS
$19.2B
$437K 0.07%
7,179
+1,099
+18% +$68K
CDNS icon
268
Cadence Design Systems
CDNS
$92.6B
$433K 0.07%
3,166
+476
+18% +$63.1K
CMI icon
269
Cummins
CMI
$89.5B
$432K 0.07%
1,772
-8,851
-83% -$2.26M
MSI icon
270
Motorola Solutions
MSI
$72.6B
$432K 0.07%
1,993
+267
+15% +$53.3K
AFL icon
271
Aflac
AFL
$64.5B
$430K 0.07%
8,010
+755
+10% +$41.2K
XLNX
272
DELISTED
Xilinx Inc
XLNX
$424K 0.07%
2,929
+434
+17% +$55.2K
IEFA icon
273
iShares Core MSCI EAFE ETF
IEFA
$191B
$417K 0.07%
+5,567
New +$420K
KMI icon
274
Kinder Morgan
KMI
$69.9B
$414K 0.07%
22,685
+3,419
+18% +$61K
MNST icon
275
Monster Beverage
MNST
$91.5B
$410K 0.07%
8,980
+1,288
+17% +$60.4K
9 10
11
12 13

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BCM
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SC
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NAAA
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IVAV
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GA
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HJGA
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CF
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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.