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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 | |
|---|---|---|---|---|---|---|
301
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.4B
| $358K | 0.06% |
+2,622
| New | +$355K |
|
302
Kroger
KR
$35.7B
| $357K | 0.06% |
9,322
+1,122
| +14% | +$42.2K |
|
303
Fastenal
FAST
$55.2B
| $353K | 0.06% |
13,588
+2,038
| +18% | +$53K |
|
304
State Street
STT
$50.5B
| $348K | 0.06% |
4,224
+579
| +16% | +$48.9K |
|
305
Equifax
EFX
$20.5B
| $344K | 0.06% |
1,438
+211
| +17% | +$47.2K |
|
306
iShares Core S&P Total US Stock Market ETF
ITOT
$95.7B
| $343K | 0.06% |
3,478
-1,135
| -25% | -$109K |
|
307
Nucor
NUE
$59.5B
| $342K | 0.06% |
+3,570
| New | +$334K |
|
308
Fortinet
FTNT
$120B
| $339K | 0.06% |
+7,110
| New | +$304K |
|
|
PXD
309
DELISTED
Pioneer Natural Resource Co.
PXD
| $339K | 0.06% |
+2,086
| New | +$328K |
|
310
CBRE Group
CBRE
$43B
| $336K | 0.05% |
3,923
+594
| +18% | +$50.7K |
|
311
Verisk Analytics
VRSK
$25.1B
| $335K | 0.05% |
1,919
+270
| +16% | +$47.9K |
|
312
WEC Energy
WEC
$35.6B
| $332K | 0.05% |
3,732
+559
| +18% | +$52.7K |
|
313
American Water Works
AWK
$26.1B
| $331K | 0.05% |
2,147
+324
| +18% | +$50.5K |
|
314
Vanguard S&P 500 ETF
VOO
$993B
| $329K | 0.05% |
836
-2,155
| -72% | -$827K |
|
|
FRC
315
DELISTED
First Republic Bank
FRC
| $329K | 0.05% |
1,757
+329
| +23% | +$60.4K |
|
|
SIVB
316
DELISTED
SVB Financial Group
SIVB
| $327K | 0.05% |
+587
| New | +$326K |
|
317
Delta Air Lines
DAL
$60.2B
| $325K | 0.05% |
7,506
-40,447
| -84% | -$1.87M |
|
318
Hilton Worldwide
HLT
$70.7B
| $325K | 0.05% |
2,694
-116
| -4% | -$14.5K |
|
319
Synchrony
SYF
$25.3B
| $324K | 0.05% |
6,686
+914
| +16% | +$41.7K |
|
|
FITB
320
Fifth Third Bancorp
FITB
$51.6B
| $322K | 0.05% |
+8,423
| New | +$337K |
|
321
iShares Core MSCI Total International Stock ETF
IXUS
$58.7B
| $322K | 0.05% |
4,389
-1,513
| -26% | -$111K |
|
322
Eversource Energy
ES
$27.1B
| $320K | 0.05% |
3,985
+634
| +19% | +$53.4K |
|
323
Best Buy
BBY
$18B
| $319K | 0.05% |
2,773
+390
| +16% | +$45.5K |
|
324
Ball Corp
BALL
$17.3B
| $318K | 0.05% |
3,921
+567
| +17% | +$49.1K |
|
325
Occidental Petroleum
OXY
$55.2B
| $314K | 0.05% |
+10,033
| New | +$269K |
|
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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.