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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
+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
TTWO icon
301
Take-Two Interactive
TTWO
$44.5B
$776K 0.05%
4,824
+48
+1% +$7.16K
HPE icon
302
Hewlett Packard
HPE
$68.5B
$771K 0.05%
45,405
+272
+0.6% +$4.43K
STLD icon
303
Steel Dynamics
STLD
$37.4B
$768K 0.05%
6,505
-693
-10% -$77.2K
DOV icon
304
Dover
DOV
$28.7B
$762K 0.05%
4,957
+27
+0.5% +$3.78K
DTE icon
305
DTE Energy
DTE
$29.1B
$762K 0.05%
6,913
+57
+0.8% +$5.84K
ILMN icon
306
Illumina
ILMN
$28.7B
$753K 0.05%
5,560
+42
+0.8% +$4.84K
MPWR icon
307
Monolithic Power Systems
MPWR
$66.7B
$752K 0.05%
1,192
+36
+3% +$18.8K
CAOS icon
308
Alpha Architect Tail Risk ETF
CAOS
$718M
$752K 0.05%
9,044
+205
+2% +$16.9K
EXPE icon
309
Expedia Group
EXPE
$38.3B
$750K 0.05%
4,944
+4
+0.1% +$490
ES icon
310
Eversource Energy
ES
$27.1B
$748K 0.05%
12,119
+92
+0.8% +$5.3K
FOXA icon
311
Fox Class A
FOXA
$25.6B
$744K 0.05%
25,075
+14,863
+146% +$450K
CPAY icon
312
Corpay
CPAY
$25.5B
$735K 0.05%
2,601
+14
+0.5% +$3.48K
MTB icon
313
M&T Bank
MTB
$36.4B
$731K 0.05%
5,336
+49
+0.9% +$6.16K
LH icon
314
Labcorp
LH
$25.4B
$727K 0.05%
3,200
+13
+0.4% +$2.73K
ETR icon
315
Entergy
ETR
$49.8B
$722K 0.05%
14,270
+114
+0.8% +$5.57K
DRI icon
316
Darden Restaurants
DRI
$23.8B
$716K 0.05%
4,357
+21
+0.5% +$3.18K
VOO icon
317
Vanguard S&P 500 ETF
VOO
$1.01T
$714K 0.05%
1,634
-872
-35% -$357K
UFPI icon
318
UFP Industries
UFPI
$5.11B
$713K 0.05%
5,678
– –
RJF icon
319
Raymond James Financial
RJF
$34.8B
$712K 0.05%
6,387
+44
+0.7% +$4.53K
HWM icon
320
Howmet Aerospace
HWM
$120B
$710K 0.05%
13,128
+178
+1% +$8.78K
NTSX icon
321
WisdomTree US Efficient Core Fund
NTSX
$1.4B
$709K 0.05%
18,047
+2
+0% +$73
EXPD icon
322
Expeditors International
EXPD
$23.1B
$707K 0.05%
5,561
-4,206
-43% -$496K
OKE icon
323
Oneok
OKE
$55.8B
$706K 0.05%
10,056
+648
+7% +$43.4K
ON icon
324
ON Semiconductor
ON
$18.6B
$706K 0.05%
8,453
+247
+3% +$19.4K
PPL
325
PPL Corp
PPL
$26.3B
$703K 0.05%
25,924
+141
+0.5% +$3.58K
11 12
13
14 15

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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.