EF

Empirical Finance Portfolio holdings

AUM $1.66B

AUM

$1.66B

AUM Growth

-$72.5M (-4%)

Cap. Flow

+$16M

Cap. Flow % of AUM

0.97%

Top 10 Holdings %Top 10 Hldgs %

32.59%

Holding

514

New

14

Increased

437

Reduced

27

Closed

10

Top Buys

1	Energy Transfer Partners ET	$4.47M
2	Axos Financial AX	$2.68M
3	Grupo Aeroportuario Centro Norte OMAB	$2.26M
4	Ecopetrol EC	$1.81M
5	Federal Agricultural Mortgage AGM	$1.67M

Top Sells

1	Alpha Architect US Quantitative Value ETF QVAL	$4.32M
2	Microsoft MSFT	$3.27M
3	NVIDIA NVDA	$3.23M
4	Alpha Architect International Quantitative Value ETF IVAL	$2.82M
5	Alpha Architect US Quantitative Momentum ETF QMOM	$2.67M

Sector Composition

1	Technology	28.12%
2	Financials	12.57%
3	Healthcare	11.4%
4	Consumer Discretionary	9.93%
5	Communication Services	9.8%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
501	501 Franklin Resources BEN $11.3B	$205K	0.01%	10,641	New	+$205K
502	502 Avantis US Small Cap Value ETF AVUV $15.1B	$203K	0.01%	2,328	–	–
503	503 Atkore ATKR $2.2B	$203K	0.01%	3,382	–	–
504	504 Lumen LUMN $3.82B	$40.3K	0%	10,279 -22	-0.2%	-$86
505	505 ARK Innovation ETF ARKK $5.53B	$0	0%	0 -12,044	Closed	–
506	506 Etsy ETSY $4.96B	$0	0%	0 -3,802	Closed	–
507	507 Cambria Emerging Shareholder Yield ETF EYLD $490M	$0	0%	0 -38,479	Closed	–
508	508 FMC FMC $4.77B	$0	0%	0 -4,308	Closed	–
509	509 Cambria Global Value ETF GVAL $207M	$0	0%	0 -58,288	Closed	–
510	510 Robert Half RHI $4.63B	$0	0%	0 -3,374	Closed	–
511	511 VanEck Semiconductor ETF SMH $21.4B	$0	0%	0 -2,408	Closed	–
512	512 Health Care Select Sector SPDR Fund XLV $33.9B	$0	0%	0 -5,152	Closed	–
513	513 SPDR S&P Retail ETF XRT $414M	$0	0%	0 -7,084	Closed	–
514	ARCH 514 DELISTED Arch Coal, Inc. ARCH	$0	0%	0 -3,743	Closed	–