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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
+9.74%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$1.07B
AUM Growth
+$102M
Cap. Flow
+$36.1M
Cap. Flow %
3.38%
Top 10 Hldgs %
27.86%
Holding
507
New
14
Increased
406
Reduced
26
Closed
11

Top Buys

Rank Stock Value
1
PTIN icon
Pacer Trendpilot International ETF
PTIN
+$5.61M
2
VXUS icon
Vanguard Total International Stock ETF
VXUS
+$3.38M
3
PTNQ icon
Pacer Trendpilot 100 ETF
PTNQ
+$2.89M
4
AAPL icon
Apple
AAPL
+$2.65M
5
MSFT icon
Microsoft
MSFT
+$2.46M

Top Sells

Rank Stock Value
1
SHV icon
iShares 0-1 Year Treasury Bond ETF
SHV
+$12.9M
2
NTSX icon
WisdomTree US Efficient Core Fund
NTSX
+$1.6M
3
QVAL icon
Alpha Architect US Quantitative Value ETF
QVAL
+$1.1M
4
QMOM icon
Alpha Architect US Quantitative Momentum ETF
QMOM
+$838K
5
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
+$658K

Sector Composition

Rank Sector Weight
1 Technology 23.1%
2 Healthcare 12.45%
3 Financials 10.1%
4 Consumer Discretionary 9.07%
5 Industrials 7.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NEE icon
51
NextEra Energy
NEE
$181B
$4.22M 0.4%
54,772
+2,800
+5% +$215K
PM icon
52
Philip Morris
PM
$292B
$4.21M 0.39%
43,300
+2,398
+6% +$239K
BMY icon
53
Bristol-Myers Squibb
BMY
$134B
$4.21M 0.39%
60,729
+2,994
+5% +$211K
WFC icon
54
Wells Fargo
WFC
$266B
$4.1M 0.38%
109,657
+4,759
+5% +$207K
RTX icon
55
RTX Corp
RTX
$294B
$4.04M 0.38%
41,225
+2,015
+5% +$198K
COP icon
56
ConocoPhillips
COP
$145B
$3.97M 0.37%
39,995
+1,465
+4% +$160K
UPS icon
57
United Parcel Service
UPS
$90.8B
$3.91M 0.37%
20,168
+997
+5% +$183K
HIDE icon
58
Alpha Architect High Inflation and Deflation ETF
HIDE
$145M
$3.85M 0.36%
163,699
+17,561
+12% +$411K
T icon
59
AT&T
T
$160B
$3.82M 0.36%
198,589
+9,435
+5% +$180K
INTC icon
60
Intel
INTC
$509B
$3.78M 0.35%
115,594
+5,662
+5% +$160K
LOW icon
61
Lowe's Companies
LOW
$119B
$3.76M 0.35%
18,815
+577
+3% +$117K
AMGN icon
62
Amgen
AMGN
$204B
$3.76M 0.35%
15,558
+680
+5% +$167K
HON icon
63
Honeywell
HON
$78.2B
$3.66M 0.34%
20,311
+989
+5% +$186K
UNP icon
64
Union Pacific
UNP
$173B
$3.6M 0.34%
17,906
+770
+4% +$156K
INTU icon
65
Intuit
INTU
$87.1B
$3.42M 0.32%
7,677
+385
+5% +$158K
CAT icon
66
Caterpillar
CAT
$404B
$3.4M 0.32%
14,878
+642
+5% +$155K
SBUX icon
67
Starbucks
SBUX
$118B
$3.4M 0.32%
32,632
+1,535
+5% +$160K
MS icon
68
Morgan Stanley
MS
$332B
$3.39M 0.32%
38,568
+1,313
+4% +$123K
DE icon
69
Deere & Co
DE
$163B
$3.31M 0.31%
8,023
+320
+4% +$132K
IBM icon
70
IBM
IBM
$222B
$3.28M 0.31%
25,058
+1,276
+5% +$171K
BA icon
71
Boeing
BA
$185B
$3.26M 0.31%
15,336
+784
+5% +$163K
LMT icon
72
Lockheed Martin
LMT
$135B
$3.16M 0.3%
6,676
+302
+5% +$142K
ORCL icon
73
Oracle
ORCL
$420B
$3.13M 0.29%
33,690
+1,673
+5% +$147K
ELV icon
74
Elevance Health
ELV
$83B
$3.11M 0.29%
6,755
+305
+5% +$145K
AMAT icon
75
Applied Materials
AMAT
$434B
$3.1M 0.29%
25,259
+943
+4% +$108K
1 2
3
4 5

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AAP
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BCM
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SC
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NAAA
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IVAV
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GA
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HJGA
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CF
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Empirical Finance's Q1 2023 Portfolio in Review

As of Q1 2023, Empirical Finance held 507 positions worth $1.07B, up 11% from $966M the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Empirical Finance deployed $36.1M of net new capital in Q1 2023, opening 14 new positions and adding to 406 existing holdings. Its largest new stake was Pacer Trendpilot 100 ETF: 56,375 shares worth $3.09M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was WisdomTree US Efficient Core Fund, an estimated $1.6M trimmed.

  • Empirical Finance's largest Q1 2023 buy was Pacer Trendpilot 100 ETF: 56,375 shares worth $3.09M.
  • Empirical Finance added most to Pacer Trendpilot International ETF in Q1 2023, an estimated $5.61M increase.
  • Empirical Finance's biggest Q1 2023 reduction was WisdomTree US Efficient Core Fund, cutting an estimated $1.6M.
  • Empirical Finance fully exited iShares 0-1 Year Treasury Bond ETF in Q1 2023, selling an estimated $12.9M.
  • Empirical Finance's ten largest holdings make up 28% of its $1.07B portfolio in Q1 2023.
  • Empirical Finance opened 14 new positions and closed 11 in Q1 2023.
  • Empirical Finance's portfolio value rose 11% quarter-over-quarter to $1.07B.

Based on Empirical Finance's 13F filing for Q1 2023, filed 5 Apr 2023.