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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
TALO icon
401
Talos Energy
TALO
$2.35B
$497K 0.03%
34,946
– –
LCII icon
402
LCI Industries
LCII
$2.57B
$494K 0.03%
3,930
– –
CROX icon
403
Crocs
CROX
$6.43B
$494K 0.03%
+5,284
New +$488K
LDOS icon
404
Leidos
LDOS
$17B
$492K 0.03%
4,550
+42
+0.9% +$4.28K
L icon
405
Loews
L
$23.7B
$487K 0.03%
7,000
+3
+0% +$199
WRB icon
406
W.R. Berkley
WRB
$26.8B
$481K 0.03%
10,200
+79
+0.8% +$3.6K
ENPH icon
407
Enphase Energy
ENPH
$5.24B
$478K 0.03%
3,621
+66
+2% +$7K
AGCO icon
408
AGCO
AGCO
$7.12B
$478K 0.03%
+3,941
New +$461K
K
409
DELISTED
Kellanova
K
$476K 0.03%
8,507
-888
-9% -$46.4K
CHRD icon
410
Chord Energy
CHRD
$7.46B
$475K 0.03%
2,855
– –
LNG icon
411
Cheniere Energy
LNG
$55.7B
$474K 0.03%
2,777
– –
CMC icon
412
Commercial Metals
CMC
$8.15B
$472K 0.03%
+9,435
New +$430K
PARR icon
413
Par Pacific Holdings
PARR
$3.46B
$472K 0.03%
+12,972
New +$437K
PTEN icon
414
Patterson-UTI
PTEN
$3.83B
$468K 0.03%
43,319
– –
KVUE icon
415
Kenvue
KVUE
$36.8B
$466K 0.03%
21,627
+4,892
+29% +$97.9K
TEX icon
416
Terex
TEX
$7.47B
$465K 0.03%
+8,091
New +$418K
IP icon
417
International Paper
IP
$21.5B
$463K 0.03%
12,806
+34
+0.3% +$1.19K
GEN icon
418
Gen Digital
GEN
$16.8B
$457K 0.03%
20,046
+82
+0.4% +$1.62K
RRC icon
419
Range Resources
RRC
$9.01B
$455K 0.03%
+14,952
New +$491K
ARW icon
420
Arrow Electronics
ARW
$11.4B
$455K 0.03%
3,722
+84
+2% +$10K
CAG icon
421
Conagra Brands
CAG
$7.11B
$454K 0.03%
15,836
-628
-4% -$17.6K
SM icon
422
SM Energy
SM
$6.88B
$454K 0.03%
11,713
– –
ZBRA icon
423
Zebra Technologies
ZBRA
$17.2B
$453K 0.03%
1,659
-66
-4% -$15.1K
ARCH
424
DELISTED
Arch Resources, Inc.
ARCH
$453K 0.03%
2,732
-397
-13% -$62.4K
HLT icon
425
Hilton Worldwide
HLT
$72.5B
$452K 0.03%
2,481
-128
-5% -$20.9K
15 16
17
18 19

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AAP
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BCM
Basswood Capital Management New York $2.12B AUM 19.53% 1-Year Est. Return
NAAA
New Age Alpha Advisors Rye, New York $2.15B AUM 27.2% 1-Year Est. Return
IVAV
Index Venture Associates VI St. Helier, Channel Islands, Jersey $2.11B AUM 13.76% 1-Year Est. Return
GA
General Atlantic New York $2.15B AUM 35.02% 1-Year Est. Return
HJGA
Hardman Johnston Global Advisors Stamford, Connecticut $2.1B AUM 41.89% 1-Year Est. Return
CF
Centaurus Financial Anaheim, California $2.1B AUM 21.28% 1-Year Est. Return
BWC
Blue Whale Capital London, United Kingdom $2.1B AUM 97.03% 1-Year Est. Return

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.