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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 | |
|---|---|---|---|---|---|---|
401
Huntington Bancshares
HBAN
$34.9B
| $174K | 0.03% |
12,225
+1,717
| +16% | +$26.3K |
|
402
Lumen
LUMN
$6.6B
| $154K | 0.03% |
+11,335
| New | +$156K |
|
403
Viatris
VTRS
$20.4B
| $147K | 0.02% |
+10,317
| New | +$149K |
|
404
AGCO
AGCO
$7.23B
| – | – |
-25,417
| Closed | -$2.62M |
|
405
Autoliv
ALV
$9.03B
| – | – |
-25,225
| Closed | -$2.32M |
|
|
CTRA
406
DELISTED
Coterra Energy
CTRA
| – | – |
-71,869
| Closed | -$1.17M |
|
407
Eastman Chemical
EMN
$8.22B
| – | – |
-26,954
| Closed | -$2.7M |
|
|
FL
408
DELISTED
Foot Locker
FL
| – | – |
-54,925
| Closed | -$2.22M |
|
409
Flowserve
FLS
$9.75B
| – | – |
-52,754
| Closed | -$1.94M |
|
|
410
SPDR Gold Trust
GLD
$131B
| – | – |
-44,575
| Closed | -$7.95M |
|
|
411
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| – | – |
-34,062
| Closed | -$4.09M |
|
412
ITT
ITT
$17.7B
| – | – |
-26,730
| Closed | -$2.06M |
|
413
Polaris
PII
$4.05B
| – | – |
-24,982
| Closed | -$2.38M |
|
414
Ralph Lauren
RL
$22.4B
| – | – |
-18,426
| Closed | -$1.91M |
|
415
Travel + Leisure Co
TNL
$4.69B
| – | – |
-55,213
| Closed | -$2.48M |
|
416
Tapestry
TPR
$31.2B
| – | – |
-97,164
| Closed | -$3.02M |
|
|
VPU
417
Vanguard Utilities ETF
VPU
$8.46B
| – | – |
-3,275
| Closed | -$449K |
|
418
Vanguard High Dividend Yield ETF
VYM
$81.2B
| – | – |
-3,308
| Closed | -$303K |
|
419
NCR Voyix
VYX
$1.19B
| – | – |
-110,369
| Closed | -$2.54M |
|
420
Whirlpool
WHR
$2.56B
| – | – |
-14,908
| Closed | -$2.69M |
|
421
Xerox
XRX
$413M
| – | – |
-65,029
| Closed | -$1.51M |
|
|
TARO
422
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| – | – |
-18,913
| Closed | -$1.39M |
|
|
GRA
423
DELISTED
W.R. Grace & Co.
GRA
| – | – |
-33,678
| Closed | -$1.85M |
|
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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.