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Empirical Finance Portfolio holdings
AUM
$2.13B
1-Year Est. Return
29.56%
This Fund
S&P 500
This Quarter
Est. Return
+15.58%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$569M
AUM Growth
+$102M
(+22%)
Cap. Flow
+$36.4M
Cap. Flow
% of AUM
6.4%
Top 10 Holdings %
Top 10 Hldgs %
34.56%
Holding
334
New
47
Increased
226
Reduced
21
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$7.27M |
| 2 |
SPDR Gold Trust
GLD
|
+$3.68M |
| 3 |
Apple
AAPL
|
+$3.18M |
| 4 |
Microsoft
MSFT
|
+$2.89M |
| 5 |
Vanguard Extended Market ETF
VXF
|
+$2.83M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 1-3 Year Treasury Bond ETF
SHY
|
+$10.7M |
| 2 |
AAVM
EA Series Trust Alpha Architect Global Factor Equity ETF
AAVM
|
+$5.2M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$2.51M |
| 4 |
Vanguard Emerging Markets Government Bond ETF
VWOB
|
+$2.41M |
| 5 |
Alpha Architect International Quantitative Momentum ETF
IMOM
|
+$2.22M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.17% |
| 2 | Consumer Discretionary | 12.01% |
| 3 | Healthcare | 10.13% |
| 4 | Industrials | 9.63% |
| 5 | Financials | 6.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.05B
| – | – |
-16,504
| Closed | -$491K |
|
327
Vanguard Total Bond Market
BND
$157B
| – | – |
-18,951
| Closed | -$1.67M |
|
328
iShares Gold Trust
IAU
$65.9B
| – | – |
-13,029
| Closed | -$469K |
|
|
329
iShares Core S&P 500 ETF
IVV
$898B
| – | – |
-7,476
| Closed | -$2.51M |
|
|
330
iShares 1-3 Year Treasury Bond ETF
SHY
$25.1B
| – | – |
-123,847
| Closed | -$10.7M |
|
331
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| – | – |
-748
| Closed | -$250K |
|
332
iShares 20+ Year Treasury Bond ETF
TLT
$41.5B
| – | – |
-12,401
| Closed | -$2.02M |
|
333
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
| – | – |
-26,177
| Closed | -$1.63M |
|
|
334
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.16B
| – | – |
-30,558
| Closed | -$2.41M |
|
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Empirical Finance's Q4 2020 Portfolio in Review
As of Q4 2020, Empirical Finance held 334 positions worth $569M, up 22% from $467M the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Empirical Finance deployed $36.4M of net new capital in Q4 2020, opening 47 new positions and adding to 226 existing holdings. Its largest new stake was Vanguard Extended Market ETF: 19,088 shares worth $3.14M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was EA Series Trust Alpha Architect Global Factor Equity ETF, an estimated $5.2M trimmed.
- Empirical Finance's largest Q4 2020 buy was Vanguard Extended Market ETF: 19,088 shares worth $3.14M.
- Empirical Finance added most to Vanguard Morningstar Total Stock Market ETF in Q4 2020, an estimated $7.27M increase.
- Empirical Finance's biggest Q4 2020 reduction was EA Series Trust Alpha Architect Global Factor Equity ETF, cutting an estimated $5.2M.
- Empirical Finance fully exited iShares 1-3 Year Treasury Bond ETF in Q4 2020, selling an estimated $10.7M.
- Empirical Finance's ten largest holdings make up 35% of its $569M portfolio in Q4 2020.
- Empirical Finance opened 47 new positions and closed 9 in Q4 2020.
- Empirical Finance's portfolio value rose 22% quarter-over-quarter to $569M.
Based on Empirical Finance's 13F filing for Q4 2020, filed 2 Feb 2021.