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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
+9.68%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$2.1B
AUM Growth
+$190M
Cap. Flow
+$38M
Cap. Flow %
1.81%
Top 10 Hldgs %
36.85%
Holding
514
New
6
Increased
458
Reduced
19
Closed
8

Top Buys

Rank Stock Value
1
TSM icon
TSMC
TSM
+$4.04M
2
ET icon
Energy Transfer Partners
ET
+$2.79M
3
CVX icon
Chevron
CVX
+$2.76M
4
AMZN icon
Amazon
AMZN
+$2.63M
5
MS icon
Morgan Stanley
MS
+$2.52M

Top Sells

Rank Stock Value
1
HES
Hess
HES
+$2.32M
2
BTI icon
British American Tobacco
BTI
+$2.3M
3
IVAL icon
Alpha Architect International Quantitative Value ETF
IVAL
+$2.05M
4
MOOD icon
Relative Sentiment Tactical Allocation ETF
MOOD
+$1.86M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$1.75M

Sector Composition

Rank Sector Weight
1 Technology 31.99%
2 Financials 11.76%
3 Communication Services 10.34%
4 Consumer Discretionary 9.7%
5 Healthcare 8.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SNPS icon
476
Synopsys
SNPS
$79.7B
$309K 0.01%
626
+132
+27% +$74.6K
NDSN icon
477
Nordson
NDSN
$17.3B
$305K 0.01%
1,343
+21
+2% +$4.63K
LW icon
478
Lamb Weston
LW
$7.19B
$301K 0.01%
5,181
+51
+1% +$2.79K
LKQ icon
479
LKQ Corp
LKQ
$6.29B
$299K 0.01%
9,780
+87
+0.9% +$2.86K
FOX icon
480
Fox Class B
FOX
$23.9B
$296K 0.01%
5,174
+44
+0.9% +$2.32K
APA icon
481
APA Corp
APA
$13.2B
$296K 0.01%
12,188
+112
+0.9% +$2.37K
DAY
482
DELISTED
Dayforce
DAY
$295K 0.01%
4,287
+58
+1% +$3.61K
FDS icon
483
Factset
FDS
$10.2B
$285K 0.01%
995
+13
+1% +$4.97K
DVA icon
484
DaVita
DVA
$11.7B
$280K 0.01%
2,106
+10
+0.5% +$1.37K
CMA
485
DELISTED
Comerica
CMA
$279K 0.01%
4,078
-3
-0.1% -$202
AES icon
486
AES
AES
$10.5B
$276K 0.01%
20,996
+189
+0.9% +$2.46K
HRL icon
487
Hormel Foods
HRL
$13.8B
$265K 0.01%
10,699
+101
+1% +$2.8K
KMX icon
488
CarMax
KMX
$8.26B
$260K 0.01%
5,784
+49
+0.9% +$2.93K
SUNS
489
Sunrise Realty Trust
SUNS
$105M
$257K 0.01%
24,732
– –
MHK icon
490
Mohawk Industries
MHK
$9.22B
$256K 0.01%
1,987
+18
+0.9% +$2.23K
ETSY icon
491
Etsy
ETSY
$7.85B
$252K 0.01%
+3,790
New +$226K
BEN icon
492
Franklin Resources
BEN
$17.2B
$250K 0.01%
10,819
+102
+1% +$2.52K
TECH icon
493
Bio-Techne
TECH
$11.3B
$250K 0.01%
4,493
+54
+1% +$2.89K
MRNA icon
494
Moderna
MRNA
$23.6B
$243K 0.01%
9,403
+103
+1% +$2.87K
MKTX icon
495
MarketAxess Holdings
MKTX
$5.72B
$236K 0.01%
1,356
+10
+0.7% +$1.96K
AAL icon
496
American Airlines Group
AAL
$10.6B
$235K 0.01%
20,882
-15
-0.1% -$185
CPB icon
497
Campbell Soup
CPB
$6.87B
$235K 0.01%
7,432
+68
+0.9% +$2.2K
CRL icon
498
Charles River Laboratories
CRL
$12.8B
$230K 0.01%
1,472
+18
+1% +$2.86K
SEG
499
Seaport Entertainment Group
SEG
$362M
$228K 0.01%
+9,935
New +$233K
EPAM icon
500
EPAM Systems
EPAM
$5.03B
$225K 0.01%
1,492
+20
+1% +$3.28K
17 18 19
20
21

Similar funds

AAP
Aristotle Atlantic Partners Sarasota, Florida $2.14B AUM 37.01% 1-Year Est. Return
BCM
Basswood Capital Management New York $2.12B AUM 19.53% 1-Year Est. Return
NAAA
New Age Alpha Advisors Rye, New York $2.15B AUM 27.2% 1-Year Est. Return
IVAV
Index Venture Associates VI St. Helier, Channel Islands, Jersey $2.11B AUM 13.76% 1-Year Est. Return
GA
General Atlantic New York $2.15B AUM 35.02% 1-Year Est. Return
HJGA
Hardman Johnston Global Advisors Stamford, Connecticut $2.1B AUM 41.89% 1-Year Est. Return
CF
Centaurus Financial Anaheim, California $2.1B AUM 21.28% 1-Year Est. Return
BWC
Blue Whale Capital London, United Kingdom $2.1B AUM 97.03% 1-Year Est. Return

Empirical Finance's Q3 2025 Portfolio in Review

As of Q3 2025, Empirical Finance held 514 positions worth $2.1B, up 10% from $1.91B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Trading was light in Q3 2025: portfolio turnover was 2.7%. Empirical Finance opened 6 new positions and exited 8, leaving the 514-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 31% a quarter earlier, followed by Financials and Communication Services.

  • Empirical Finance's largest Q3 2025 buy was Diageo: 11,089 shares worth $1.06M.
  • Empirical Finance added most to TSMC in Q3 2025, an estimated $4.04M increase.
  • Empirical Finance's biggest Q3 2025 reduction was Alpha Architect International Quantitative Value ETF, cutting an estimated $2.05M.
  • Empirical Finance fully exited Hess in Q3 2025, selling an estimated $2.32M.
  • Empirical Finance's ten largest holdings make up 37% of its $2.1B portfolio in Q3 2025.
  • Empirical Finance opened 6 new positions and closed 8 in Q3 2025.
  • Empirical Finance's portfolio value rose 10% quarter-over-quarter to $2.1B.

Based on Empirical Finance's 13F filing for Q3 2025, filed 13 Nov 2025.