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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
+10.24%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$847M
AUM Growth
+$183M
(+28%)
Cap. Flow
+$126M
Cap. Flow
% of AUM
14.82%
Top 10 Holdings %
Top 10 Hldgs %
33.1%
Holding
469
New
51
Increased
318
Reduced
88
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$11.3M |
| 2 |
Apple
AAPL
|
+$11M |
| 3 |
Amazon
AMZN
|
+$6.86M |
| 4 |
Tesla
TSLA
|
+$6.45M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$3.97M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
|
+$5.14M |
| 2 |
Pultegroup
PHM
|
+$1.5M |
| 3 |
Arrow Electronics
ARW
|
+$1.12M |
| 4 |
NNN REIT
NNN
|
+$1.12M |
| 5 |
Brunswick
BC
|
+$1.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.41% |
| 2 | Healthcare | 11.26% |
| 3 | Consumer Discretionary | 10.4% |
| 4 | Financials | 9.19% |
| 5 | Communication Services | 8.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Robert Half
RHI
$4.17B
| $218K | 0.03% |
+1,955
| New | +$218K |
|
452
FMC
FMC
$1.32B
| $217K | 0.03% |
+1,976
| New | +$199K |
|
453
Lincoln National
LNC
$8.91B
| $216K | 0.03% |
+3,158
| New | +$223K |
|
454
Howmet Aerospace
HWM
$117B
| $211K | 0.02% |
+6,638
| New | +$205K |
|
455
MarketAxess Holdings
MKTX
$5.72B
| $210K | 0.02% |
+511
| New | +$202K |
|
|
CMA
456
DELISTED
Comerica
CMA
| $209K | 0.02% |
+2,403
| New | +$206K |
|
457
Hormel Foods
HRL
$13.8B
| $209K | 0.02% |
+4,282
| New | +$188K |
|
458
Brown-Forman Class B
BF.B
$13B
| $206K | 0.02% |
+2,831
| New | +$201K |
|
459
Incyte
INCY
$23.7B
| $204K | 0.02% |
+2,785
| New | +$188K |
|
|
JNPR
460
DELISTED
Juniper Networks
JNPR
| $202K | 0.02% |
+5,669
| New | +$177K |
|
461
Viatris
VTRS
$19.9B
| $199K | 0.02% |
14,720
+3,419
| +30% | +$45.7K |
|
|
CTRA
462
DELISTED
Coterra Energy
CTRA
| $190K | 0.02% |
+10,017
| New | +$209K |
|
463
Lumen
LUMN
$6.14B
| $184K | 0.02% |
14,695
+2,601
| +22% | +$33.1K |
|
464
iShares Core US Aggregate Bond ETF
AGG
$137B
| – | – |
-3,260
| Closed | -$374K |
|
|
465
NNN REIT
NNN
$8.95B
| – | – |
-25,909
| Closed | -$1.12M |
|
466
Schwab Short-Term US Treasury ETF
SCHO
$12.8B
| – | – |
-9,414
| Closed | -$241K |
|
467
United Therapeutics
UTHR
$22.4B
| – | – |
-4,400
| Closed | -$812K |
|
|
VSXY
468
Victoria's Secret
VSXY
$7.46B
| – | – |
-5,668
| Closed | -$313K |
|
|
KSU
469
DELISTED
Kansas City Southern
KSU
| – | – |
-888
| Closed | -$240K |
|
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Empirical Finance's Q4 2021 Portfolio in Review
As of Q4 2021, Empirical Finance held 469 positions worth $847M, up 28% from $663M the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Empirical Finance deployed $126M of net new capital in Q4 2021, opening 51 new positions and adding to 318 existing holdings. Its largest new stake was Moderna: 2,192 shares worth $557K.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 16% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF, an estimated $5.14M trimmed.
- Empirical Finance's largest Q4 2021 buy was Moderna: 2,192 shares worth $557K.
- Empirical Finance added most to Microsoft in Q4 2021, an estimated $11.3M increase.
- Empirical Finance's biggest Q4 2021 reduction was Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF, cutting an estimated $5.14M.
- Empirical Finance fully exited NNN REIT in Q4 2021, selling an estimated $1.12M.
- Empirical Finance's ten largest holdings make up 33% of its $847M portfolio in Q4 2021.
- Empirical Finance opened 51 new positions and closed 6 in Q4 2021.
- Empirical Finance's portfolio value rose 28% quarter-over-quarter to $847M.
Based on Empirical Finance's 13F filing for Q4 2021, filed 4 Feb 2022.