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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
(+5.3%)
Cap. Flow
-$67.2M
Cap. Flow
% of AUM
-4.68%
Top 10 Holdings %
Top 10 Hldgs %
30.02%
Holding
534
New
24
Increased
339
Reduced
115
Closed
21
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alpha Architect 1-3 Month Box ETF
BOXX
|
+$1.66M |
| 2 |
Microsoft
MSFT
|
+$629K |
| 3 |
Veralto
VLTO
|
+$565K |
| 4 |
Pultegroup
PHM
|
+$563K |
| 5 |
D.R. Horton
DHI
|
+$536K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 0-3 Month Treasury Bond ETF
SGOV
|
+$26.9M |
| 2 |
Alpha Architect International Quantitative Momentum ETF
IMOM
|
+$10.1M |
| 3 |
Alpha Architect US Quantitative Momentum ETF
QMOM
|
+$8.98M |
| 4 |
Alpha Architect International Quantitative Value ETF
IVAL
|
+$8.6M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
526
Penske Automotive Group
PAG
$14.2B
| – | – |
-3,947
| Closed | -$659K |
|
527
PVH
PVH
$4.09B
| – | – |
-9,124
| Closed | -$698K |
|
|
528
iShares 0-3 Month Treasury Bond ETF
SGOV
$100B
| – | – |
-267,704
| Closed | -$26.9M |
|
529
Steven Madden
SHOO
$3.57B
| – | – |
-13,212
| Closed | -$420K |
|
530
Winnebago Industries
WGO
$883M
| – | – |
-7,133
| Closed | -$424K |
|
531
Westlake Corp
WLK
$10.2B
| – | – |
-4,447
| Closed | -$554K |
|
|
X
532
DELISTED
US Steel
X
| – | – |
-20,591
| Closed | -$669K |
|
|
DUDE
533
DELISTED
Merlyn.AI SectorSurfer Momentum ETF
DUDE
| – | – |
-23,850
| Closed | -$485K |
|
|
ATVI
534
DELISTED
Activision Blizzard
ATVI
| – | – |
-13,435
| Closed | -$1.26M |
|
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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.