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EF

Empirical Finance Portfolio holdings

AUM $2.41B
1-Year Est. Return 41.48%
This Fund
S&P 500
This Quarter Est. Return
+7.3%
1 Year Est. Return
+41.48%
3 Year Est. Return
+124.48%
5 Year Est. Return
+157.81%
10 Year Est. Return
–
AUM
$613M
AUM Growth
+$44.8M
Cap. Flow
-$30.6M
Cap. Flow %
-4.99%
Top 10 Hldgs %
32.64%
Holding
423
New
98
Increased
241
Reduced
64
Closed
20

Top Buys

Rank Stock Value
1
PDBC icon
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
+$5.58M
2
MSFT icon
Microsoft
MSFT
+$3.23M
3
AAPL icon
Apple
AAPL
+$3.19M
4
AMZN icon
Amazon
AMZN
+$2.53M
5
UNH icon
UnitedHealth
UNH
+$1.55M

Top Sells

Rank Stock Value
1
IMOM icon
Alpha Architect International Quantitative Momentum ETF
IMOM
+$10.2M
2
QMOM icon
Alpha Architect US Quantitative Momentum ETF
QMOM
+$7.96M
3
GLD icon
SPDR Gold Trust
GLD
+$7.95M
4
URI icon
United Rentals
URI
+$4.67M
5
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$4.09M

Sector Composition

Rank Sector Weight
1 Miscellaneous 26.56%
2 Technology 17.04%
3 Healthcare 11.71%
4 Consumer Discretionary 9.86%
5 Financials 8.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MA icon
26
Mastercard
MA
$497B
$3.83M 0.62%
10,498
+1,479
+16% +$550K
DIS icon
27
Walt Disney
DIS
$185B
$3.82M 0.62%
21,749
+3,108
+17% +$559K
XOM icon
28
ExxonMobil
XOM
$672B
$3.49M 0.57%
55,351
+7,197
+15% +$430K
CSCO icon
29
Cisco
CSCO
$425B
$3.45M 0.56%
65,066
-4,494
-6% -$236K
INTC icon
30
Intel
INTC
$534B
$3.45M 0.56%
61,424
-3,136
-5% -$184K
ADBE icon
31
Adobe
ADBE
$99.6B
$3.34M 0.54%
5,702
+792
+16% +$408K
VXF icon
32
Vanguard Extended Market ETF
VXF
$30.5B
$3.27M 0.53%
17,312
-1,776
-9% -$325K
CMCSA icon
33
Comcast
CMCSA
$84.2B
$3.11M 0.51%
54,574
+7,968
+17% +$445K
CVS icon
34
CVS Health
CVS
$117B
$3.09M 0.5%
37,052
+6,424
+21% +$526K
ELV icon
35
Elevance Health
ELV
$89.5B
$2.86M 0.47%
7,497
-4,467
-37% -$1.71M
NFLX icon
36
Netflix
NFLX
$318B
$2.76M 0.45%
52,240
+7,700
+17% +$394K
VZ icon
37
Verizon
VZ
$207B
$2.75M 0.45%
49,103
+7,153
+17% +$411K
PFE icon
38
Pfizer
PFE
$157B
$2.61M 0.43%
66,671
+9,319
+16% +$362K
CRM icon
39
Salesforce
CRM
$206B
$2.54M 0.41%
10,417
+1,646
+19% +$379K
KO icon
40
Coca-Cola
KO
$378B
$2.48M 0.4%
45,859
+6,761
+17% +$368K
VNQ icon
41
Vanguard Real Estate ETF
VNQ
$36.9B
$2.45M 0.4%
24,078
+10,506
+77% +$1.04M
PEP icon
42
PepsiCo
PEP
$183B
$2.43M 0.4%
16,424
+2,321
+16% +$338K
T icon
43
AT&T
T
$177B
$2.43M 0.4%
111,716
+16,467
+17% +$375K
ABT icon
44
Abbott
ABT
$177B
$2.42M 0.4%
20,917
+2,900
+16% +$338K
CVX icon
45
Chevron
CVX
$415B
$2.38M 0.39%
22,671
+3,287
+17% +$347K
TMO icon
46
Thermo Fisher Scientific
TMO
$240B
$2.37M 0.39%
4,701
+640
+16% +$302K
MRK icon
47
Merck
MRK
$358B
$2.35M 0.38%
30,243
+3,051
+11% +$227K
WMT icon
48
Walmart Inc
WMT
$853B
$2.34M 0.38%
49,854
+6,897
+16% +$321K
NKE icon
49
Nike
NKE
$53.1B
$2.31M 0.38%
14,926
+2,198
+17% +$296K
ABBV icon
50
AbbVie
ABBV
$464B
$2.3M 0.38%
20,441
+2,941
+17% +$331K
1
2
3 4 5

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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 Miscellaneous at 27% of assets, down from 31% a quarter earlier, followed by Technology and Healthcare.

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.