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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
+6.18%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$290M
AUM Growth
+$29.7M
Cap. Flow
+$15.5M
Cap. Flow %
5.36%
Top 10 Hldgs %
51.14%
Holding
168
New
46
Increased
35
Reduced
26
Closed
21

Top Buys

Rank Stock Value
1
TIP icon
iShares TIPS Bond ETF
TIP
+$2.81M
2
DBC icon
Invesco DB Commodity Index Tracking Fund
DBC
+$2.77M
3
PDBC icon
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
+$2.04M
4
INTC icon
Intel
INTC
+$1.37M
5
CVS icon
CVS Health
CVS
+$1.29M

Top Sells

Rank Stock Value
1
SHY icon
iShares 1-3 Year Treasury Bond ETF
SHY
+$1.92M
2
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$1.8M
3
LOPE icon
Grand Canyon Education
LOPE
+$1.8M
4
VEU icon
Vanguard FTSE All-World ex-US ETF
VEU
+$1.67M
5
MLP icon
Maui Land & Pineapple Co
MLP
+$1.56M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 12.19%
2 Healthcare 6.48%
3 Technology 6.39%
4 Consumer Staples 3.64%
5 Industrials 2.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRUS icon
76
Cirrus Logic
CRUS
$6.87B
$1.13M 0.39%
+21,217
New +$1.24M
GRMN
77
Garmin
GRMN
$48.9B
$1.12M 0.39%
20,686
– –
WBD icon
78
Warner Bros
WBD
$64.2B
$1.1M 0.38%
+51,467
New +$1.21M
CLF icon
79
Cleveland-Cliffs
CLF
$6.84B
$1.09M 0.38%
+152,517
New +$1.14M
TUP
80
DELISTED
Tupperware Brands Corporation
TUP
$1.09M 0.38%
17,613
– –
CA
81
DELISTED
CA, Inc.
CA
$1.08M 0.37%
32,482
-28,831
-47% -$954K
SKX
82
DELISTED
Skechers
SKX
$1.02M 0.35%
40,654
– –
AEO icon
83
American Eagle Outfitters
AEO
$3.04B
$880K 0.3%
61,500
-2,472
-4% -$30.3K
ALK icon
84
Alaska Air
ALK
$5.42B
$810K 0.28%
10,609
-14,393
-58% -$1.18M
ALGT icon
85
Allegiant Air
ALGT
$2.73B
$756K 0.26%
5,737
-7,366
-56% -$949K
INVX
86
Innovex International
INVX
$1.79B
$701K 0.24%
15,864
-16,563
-51% -$721K
SSO icon
87
ProShares Ultra S&P500
SSO
$7.75B
$576K 0.2%
47,616
-3,632
-7% -$42.1K
DGS icon
88
WisdomTree Emerging Markets SmallCap Dividend Fund
DGS
$1.69B
$575K 0.2%
11,718
-675
-5% -$32.5K
IJH icon
89
iShares Core S&P Mid-Cap ETF
IJH
$123B
$557K 0.19%
15,540
-940
-6% -$32.7K
JNJ icon
90
Johnson & Johnson
JNJ
$643B
$527K 0.18%
4,051
+341
+9% +$45.2K
BBBY
91
DELISTED
Bed Bath & Beyond Inc
BBBY
$521K 0.18%
22,185
-22,113
-50% -$620K
VOO icon
92
Vanguard S&P 500 ETF
VOO
$971B
$503K 0.17%
2,176
– –
META icon
93
Meta Platforms (Facebook)
META
$1.51T
$439K 0.15%
2,564
– –
AMZN icon
94
Amazon
AMZN
$2.48T
$422K 0.15%
8,760
– –
BRK.B icon
95
Berkshire Hathaway Class B
BRK.B
$1.11T
$407K 0.14%
+2,218
New +$392K
VEU icon
96
Vanguard FTSE All-World ex-US ETF
VEU
$65.6B
$389K 0.13%
7,368
-32,194
-81% -$1.67M
VPU
97
Vanguard Utilities ETF
VPU
$8.68B
$383K 0.13%
3,275
– –
BA icon
98
Boeing
BA
$175B
$375K 0.13%
1,472
+234
+19% +$54.5K
XOM icon
99
ExxonMobil
XOM
$634B
$365K 0.13%
4,448
– –
JPM icon
100
JPMorgan Chase
JPM
$950B
$361K 0.12%
3,774
– –
2 3
4
5 6

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BCM
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GS
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SC
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NAAA
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IVAV
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Empirical Finance's Q3 2017 Portfolio in Review

As of Q3 2017, Empirical Finance held 168 positions worth $290M, up 11% from $260M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Empirical Finance deployed $15.5M of net new capital in Q3 2017, opening 46 new positions and adding to 35 existing holdings. Its largest new stake was iShares TIPS Bond ETF: 24,703 shares worth $2.81M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 12% of assets, down from 12% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was iShares 7-10 Year Treasury Bond ETF, an estimated $1.8M trimmed.

  • Empirical Finance's largest Q3 2017 buy was iShares TIPS Bond ETF: 24,703 shares worth $2.81M.
  • Empirical Finance added most to General Motors in Q3 2017, an estimated $1.21M increase.
  • Empirical Finance's biggest Q3 2017 reduction was iShares 7-10 Year Treasury Bond ETF, cutting an estimated $1.8M.
  • Empirical Finance fully exited iShares 1-3 Year Treasury Bond ETF in Q3 2017, selling an estimated $1.92M.
  • Empirical Finance's ten largest holdings make up 51% of its $290M portfolio in Q3 2017.
  • Empirical Finance opened 46 new positions and closed 21 in Q3 2017.
  • Empirical Finance's portfolio value rose 11% quarter-over-quarter to $290M.

Based on Empirical Finance's 13F filing for Q3 2017, filed 31 Oct 2017.