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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
+0.43%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$365M
AUM Growth
-$28.1M
Cap. Flow
-$26.9M
Cap. Flow %
-7.38%
Top 10 Hldgs %
56.68%
Holding
168
New
7
Increased
83
Reduced
58
Closed
15

Top Buys

Rank Stock Value
1
ANGL icon
VanEck Fallen Angel High Yield Bond ETF
ANGL
+$1.91M
2
AGGY icon
WisdomTree Yield Enhanced US Aggregate Bond Fund
AGGY
+$1.88M
3
VXUS icon
Vanguard Total International Stock ETF
VXUS
+$948K
4
VTI icon
Vanguard Total Stock Market ETF
VTI
+$808K
5
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$551K

Top Sells

Rank Stock Value
1
QMOM icon
Alpha Architect US Quantitative Momentum ETF
QMOM
+$7.95M
2
AAVM
EA Series Trust Alpha Architect Global Factor Equity ETF
AAVM
+$4.42M
3
SCHR
Schwab Intermediately-Term US Treasury ETF
SCHR
+$4.04M
4
QVAL icon
Alpha Architect US Quantitative Value ETF
QVAL
+$3.49M
5
IMOM icon
Alpha Architect International Quantitative Momentum ETF
IMOM
+$1.75M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 10.81%
2 Technology 6.78%
3 Industrials 4.63%
4 Communication Services 2.96%
5 Healthcare 2.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
26
Apple
AAPL
$4.96T
$2.28M 0.63%
46,152
-628
-1% -$30.6K
HPQ icon
27
HP
HPQ
$24.8B
$2.26M 0.62%
108,919
+1,236
+1% +$24.4K
LEA icon
28
Lear
LEA
$7.39B
$2.25M 0.62%
16,172
+141
+0.9% +$19.8K
RSP icon
29
Invesco S&P 500 Equal Weight ETF
RSP
$98B
$2.21M 0.61%
20,504
-52
-0.3% -$5.51K
LYB icon
30
LyondellBasell Industries
LYB
$19.5B
$2.18M 0.6%
25,358
+214
+0.9% +$18.3K
IDCC icon
31
InterDigital
IDCC
$6.63B
$2.08M 0.57%
32,220
+280
+0.9% +$18.7K
AMCX icon
32
AMC Global Media
AMCX
$452M
$2.07M 0.57%
37,981
+332
+0.9% +$18.7K
FL
33
DELISTED
Foot Locker
FL
$2.05M 0.56%
48,871
+433
+0.9% +$22.5K
TSN icon
34
Tyson Foods
TSN
$21.9B
$2.05M 0.56%
25,346
+262
+1% +$20.2K
ANGL icon
35
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.08B
$1.94M 0.53%
+66,235
New +$1.91M
AGGY icon
36
WisdomTree Yield Enhanced US Aggregate Bond Fund
AGGY
$923M
$1.92M 0.53%
+37,448
New +$1.88M
IBM icon
37
IBM
IBM
$204B
$1.8M 0.49%
13,640
+87
+0.6% +$11.4K
AMZN icon
38
Amazon
AMZN
$2.47T
$1.76M 0.48%
18,600
-1,540
-8% -$143K
VWO icon
39
Vanguard FTSE Emerging Markets ETF
VWO
$118B
$1.75M 0.48%
41,066
-101
-0.2% -$4.25K
SKX
40
DELISTED
Skechers
SKX
$1.69M 0.46%
53,757
+601
+1% +$18.5K
SBH icon
41
Sally Beauty Holdings
SBH
$1.47B
$1.68M 0.46%
125,851
+1,085
+0.9% +$17.7K
XRX icon
42
Xerox
XRX
$347M
$1.67M 0.46%
47,186
+515
+1% +$17.2K
KSS icon
43
Kohl's
KSS
$2.13B
$1.65M 0.45%
34,620
+285
+0.8% +$17.2K
GAP
44
The Gap Inc
GAP
$7.22B
$1.64M 0.45%
90,964
+764
+0.8% +$17.1K
ADME icon
45
Aptus Behavioral Momentum ETF
ADME
$287M
$1.62M 0.44%
53,471
-134
-0.2% -$3.95K
VGSH icon
46
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$1.62M 0.44%
26,560
-56
-0.2% -$3.39K
CAT icon
47
Caterpillar
CAT
$385B
$1.62M 0.44%
11,858
+90
+0.8% +$11.9K
BND icon
48
Vanguard Total Bond Market
BND
$158B
$1.59M 0.44%
19,202
-48
-0.2% -$3.91K
GM icon
49
General Motors
GM
$80B
$1.55M 0.42%
40,229
+354
+0.9% +$13.3K
DAL icon
50
Delta Air Lines
DAL
$57.1B
$1.49M 0.41%
26,185
+461
+2% +$25.8K
1
2
3 4 5

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AAP
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BCM
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GS
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SC
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NAAA
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IVAV
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Empirical Finance's Q2 2019 Portfolio in Review

As of Q2 2019, Empirical Finance held 168 positions worth $365M, down 7.2% from $393M the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Empirical Finance withdrew a net $26.9M in Q2 2019, closing 15 positions and reducing 58 holdings. Its most notable exit was Schwab Intermediately-Term US Treasury ETF, an estimated $4.04M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 11% of assets, up from 11% a quarter earlier, followed by Technology and Industrials.

Against the trend, Empirical Finance opened a new position in VanEck Fallen Angel High Yield Bond ETF worth $1.94M.

  • Empirical Finance's largest Q2 2019 buy was VanEck Fallen Angel High Yield Bond ETF: 66,235 shares worth $1.94M.
  • Empirical Finance added most to Vanguard Total Stock Market ETF in Q2 2019, an estimated $808K increase.
  • Empirical Finance's biggest Q2 2019 reduction was Alpha Architect US Quantitative Momentum ETF, cutting an estimated $7.95M.
  • Empirical Finance fully exited Schwab Intermediately-Term US Treasury ETF in Q2 2019, selling an estimated $4.04M.
  • Empirical Finance's ten largest holdings make up 57% of its $365M portfolio in Q2 2019.
  • Empirical Finance opened 7 new positions and closed 15 in Q2 2019.
  • Empirical Finance's portfolio value fell 7.2% quarter-over-quarter to $365M.

Based on Empirical Finance's 13F filing for Q2 2019, filed 9 Jul 2019.