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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
-3.88%
1 Year Est. Return
+41.48%
3 Year Est. Return
+124.48%
5 Year Est. Return
+157.81%
10 Year Est. Return
–
AUM
$843M
AUM Growth
+$58.6M
Cap. Flow
+$108M
Cap. Flow %
12.76%
Top 10 Hldgs %
28.69%
Holding
502
New
36
Increased
390
Reduced
35
Closed
22

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$9.65M
2
MSFT icon
Microsoft
MSFT
+$7.99M
3
AMZN icon
Amazon
AMZN
+$4.53M
4
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$3.17M
5
TSLA icon
Tesla
TSLA
+$2.89M

Top Sells

Rank Stock Value
1
QVAL icon
Alpha Architect US Quantitative Value ETF
QVAL
+$7.39M
2
QMOM icon
Alpha Architect US Quantitative Momentum ETF
QMOM
+$4.66M
3
IVAL icon
Alpha Architect International Quantitative Value ETF
IVAL
+$4.22M
4
IMOM icon
Alpha Architect International Quantitative Momentum ETF
IMOM
+$3.94M
5
VNQ icon
Vanguard Real Estate ETF
VNQ
+$616K

Sector Composition

Rank Sector Weight
1 Technology 20.16%
2 Miscellaneous 16.84%
3 Healthcare 12.79%
4 Financials 10.44%
5 Consumer Discretionary 9.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PFE icon
26
Pfizer
PFE
$157B
$5.96M 0.71%
136,090
+22,491
+20% +$1.09M
ABBV icon
27
AbbVie
ABBV
$464B
$5.68M 0.67%
42,360
+6,838
+19% +$981K
PEP icon
28
PepsiCo
PEP
$183B
$5.5M 0.65%
33,684
+5,467
+19% +$942K
BAC icon
29
Bank of America
BAC
$405B
$5.49M 0.65%
181,784
+28,035
+18% +$937K
VTIP icon
30
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$20.4B
$5.46M 0.65%
113,407
– –
KO icon
31
Coca-Cola
KO
$378B
$5.3M 0.63%
94,607
+15,653
+20% +$973K
MRK icon
32
Merck
MRK
$358B
$5.3M 0.63%
61,519
+9,996
+19% +$892K
COST icon
33
Costco
COST
$396B
$5.11M 0.61%
10,829
+1,788
+20% +$930K
TMO icon
34
Thermo Fisher Scientific
TMO
$240B
$4.86M 0.58%
9,576
+1,568
+20% +$878K
V icon
35
Visa
V
$693B
$4.65M 0.55%
26,199
+6,649
+34% +$1.35M
WMT icon
36
Walmart Inc
WMT
$853B
$4.45M 0.53%
102,924
+16,824
+20% +$737K
QQQ icon
37
Invesco QQQ Trust
QQQ
$474B
$4.34M 0.51%
16,243
– –
AVGO icon
38
Broadcom
AVGO
$1.62T
$4.32M 0.51%
97,310
+16,520
+20% +$844K
DIS icon
39
Walt Disney
DIS
$185B
$4.18M 0.5%
44,304
+7,347
+20% +$786K
ABT icon
40
Abbott
ABT
$177B
$4.14M 0.49%
42,810
+6,913
+19% +$737K
CSCO icon
41
Cisco
CSCO
$425B
$4.12M 0.49%
103,089
+16,697
+19% +$741K
DHR icon
42
Danaher
DHR
$146B
$4.01M 0.48%
17,504
+2,937
+20% +$719K
WFC icon
43
Wells Fargo
WFC
$263B
$3.91M 0.46%
97,211
+14,949
+18% +$642K
VZ icon
44
Verizon
VZ
$207B
$3.84M 0.46%
101,242
+16,816
+20% +$749K
BMY icon
45
Bristol-Myers Squibb
BMY
$130B
$3.79M 0.45%
53,343
+8,207
+18% +$595K
NEE icon
46
NextEra Energy
NEE
$168B
$3.75M 0.44%
47,820
+7,871
+20% +$668K
COP icon
47
ConocoPhillips
COP
$159B
$3.69M 0.44%
36,068
+8,748
+32% +$873K
TXN icon
48
Texas Instruments
TXN
$238B
$3.48M 0.41%
22,457
+3,690
+20% +$619K
CRM icon
49
Salesforce
CRM
$206B
$3.3M 0.39%
22,954
+4,062
+22% +$689K
CMCSA icon
50
Comcast
CMCSA
$84.2B
$3.26M 0.39%
111,062
+17,790
+19% +$665K
1
2
3 4 5

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Empirical Finance's Q3 2022 Portfolio in Review

As of Q3 2022, Empirical Finance held 502 positions worth $843M, up 7.5% from $785M the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Empirical Finance deployed $108M of net new capital in Q3 2022, opening 36 new positions and adding to 390 existing holdings. Its largest new stake was State Street SPDR Bloomberg 1-3 Month T-Bill ETF: 34,605 shares worth $3.17M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Miscellaneous and Healthcare.

On the sell side, the largest reduction was Alpha Architect US Quantitative Value ETF, an estimated $7.39M trimmed.

  • Empirical Finance's largest Q3 2022 buy was State Street SPDR Bloomberg 1-3 Month T-Bill ETF: 34,605 shares worth $3.17M.
  • Empirical Finance added most to Apple in Q3 2022, an estimated $9.65M increase.
  • Empirical Finance's biggest Q3 2022 reduction was Alpha Architect US Quantitative Value ETF, cutting an estimated $7.39M.
  • Empirical Finance fully exited Vanguard Real Estate ETF in Q3 2022, selling an estimated $616K.
  • Empirical Finance's ten largest holdings make up 29% of its $843M portfolio in Q3 2022.
  • Empirical Finance opened 36 new positions and closed 22 in Q3 2022.
  • Empirical Finance's portfolio value rose 7.5% quarter-over-quarter to $843M.

Based on Empirical Finance's 13F filing for Q3 2022, filed 4 Nov 2022.