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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
ADBE icon
26
Adobe
ADBE
$99.5B
$9.67M 0.67%
16,201
+58
+0.4% +$33.5K
ABBV icon
27
AbbVie
ABBV
$443B
$9.54M 0.67%
61,534
+364
+0.6% +$53.1K
IMOM icon
28
Alpha Architect International Quantitative Momentum ETF
IMOM
$152M
$9.5M 0.66%
360,348
-399,742
-53% -$10.1M
CVX icon
29
Chevron
CVX
$392B
$9.45M 0.66%
63,327
+277
+0.4% +$41.9K
CRM icon
30
Salesforce
CRM
$151B
$8.81M 0.61%
33,482
+210
+0.6% +$47.5K
BAC icon
31
Bank of America
BAC
$435B
$8.32M 0.58%
247,124
-207
-0.1% -$6.03K
AMD icon
32
Advanced Micro Devices
AMD
$776B
$8.3M 0.58%
56,314
+443
+0.8% +$52.2K
PEP icon
33
PepsiCo
PEP
$190B
$8.17M 0.57%
48,113
+301
+0.6% +$49.9K
KO icon
34
Coca-Cola
KO
$377B
$8M 0.56%
135,822
+827
+0.6% +$47K
WMT icon
35
Walmart Inc
WMT
$885B
$7.76M 0.54%
147,657
+1,206
+0.8% +$63.8K
NFLX icon
36
Netflix
NFLX
$299B
$7.5M 0.52%
154,000
+910
+0.6% +$39.7K
CSCO icon
37
Cisco
CSCO
$457B
$7.32M 0.51%
144,820
+628
+0.4% +$32.1K
INTC icon
38
Intel
INTC
$455B
$7.29M 0.51%
145,078
+727
+0.5% +$29.5K
TMO icon
39
Thermo Fisher Scientific
TMO
$213B
$7.26M 0.51%
13,676
+70
+0.5% +$33.9K
ABT icon
40
Abbott
ABT
$183B
$6.73M 0.47%
61,156
+339
+0.6% +$33.9K
CMCSA icon
41
Comcast
CMCSA
$85B
$6.59M 0.46%
150,225
-421
-0.3% -$18K
WFC icon
42
Wells Fargo
WFC
$261B
$6.57M 0.46%
133,412
+24
+0% +$1.04K
PTIN icon
43
Pacer Trendpilot International ETF
PTIN
$183M
$6.2M 0.43%
225,094
– –
INTU icon
44
Intuit
INTU
$86.5B
$6.04M 0.42%
9,664
+75
+0.8% +$41.4K
PFE icon
45
Pfizer
PFE
$143B
$6.03M 0.42%
209,443
+1,645
+0.8% +$49.7K
QQQ icon
46
Invesco QQQ Trust
QQQ
$453B
$5.96M 0.42%
14,545
– –
DIS icon
47
Walt Disney
DIS
$167B
$5.78M 0.4%
63,980
+349
+0.5% +$30.8K
COP icon
48
ConocoPhillips
COP
$147B
$5.6M 0.39%
48,238
-3,584
-7% -$419K
AMGN icon
49
Amgen
AMGN
$208B
$5.51M 0.38%
19,124
+59
+0.3% +$16.1K
VZ icon
50
Verizon
VZ
$195B
$5.49M 0.38%
145,678
+1,154
+0.8% +$40.8K
1
2
3 4 5

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BCM
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GS
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SC
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NAAA
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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.