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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
+13.3%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$1.91B
AUM Growth
+$254M
Cap. Flow
+$81.8M
Cap. Flow %
4.28%
Top 10 Hldgs %
34.79%
Holding
550
New
46
Increased
404
Reduced
47
Closed
42

Top Buys

Rank Stock Value
1
CAOS icon
Alpha Architect Tail Risk ETF
CAOS
+$14.2M
2
WES icon
Western Midstream Partners
WES
+$4.67M
3
KR icon
Kroger
KR
+$4.43M
4
TSM icon
TSMC
TSM
+$3.85M
5
CPA icon
Copa Holdings
CPA
+$3.79M

Top Sells

Rank Stock Value
1
DFS
Discover Financial Services
DFS
+$1.55M
2
SHV icon
iShares 0-1 Year Treasury Bond ETF
SHV
+$1.16M
3
THC icon
Tenet Healthcare
THC
+$1.13M
4
GPK icon
Graphic Packaging
GPK
+$1.05M
5
UFPI icon
UFP Industries
UFPI
+$997K

Sector Composition

Rank Sector Weight
1 Technology 30.6%
2 Financials 12.06%
3 Communication Services 10.15%
4 Consumer Discretionary 9.62%
5 Healthcare 9.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNP icon
76
Union Pacific
UNP
$174B
$4.95M 0.26%
21,532
+135
+0.6% +$30K
NEE icon
77
NextEra Energy
NEE
$181B
$4.88M 0.26%
70,346
+468
+0.7% +$32.5K
COF icon
78
Capital One
COF
$128B
$4.88M 0.26%
22,940
+9,384
+69% +$1.75M
GILD icon
79
Gilead Sciences
GILD
$162B
$4.84M 0.25%
43,664
+277
+0.6% +$29.5K
MU icon
80
Micron Technology
MU
$930B
$4.81M 0.25%
39,006
+1,052
+3% +$98.3K
PFE icon
81
Pfizer
PFE
$143B
$4.78M 0.25%
197,247
+1,228
+0.6% +$28.6K
DE icon
82
Deere & Co
DE
$160B
$4.76M 0.25%
9,358
+60
+0.6% +$29.4K
WES icon
83
Western Midstream Partners
WES
$19.2B
$4.75M 0.25%
+122,699
New +$4.67M
TSM icon
84
TSMC
TSM
$2.1T
$4.7M 0.25%
+20,768
New +$3.85M
LOW icon
85
Lowe's Companies
LOW
$117B
$4.67M 0.24%
21,069
+125
+0.6% +$27.9K
SCHW
86
Charles Schwab
SCHW
$183B
$4.62M 0.24%
50,668
+456
+0.9% +$38.2K
SYK icon
87
Stryker
SYK
$125B
$4.62M 0.24%
11,677
+81
+0.7% +$30.3K
GEV icon
88
GE Vernova
GEV
$264B
$4.6M 0.24%
8,686
+66
+0.8% +$27.5K
LRCX icon
89
Lam Research
LRCX
$367B
$4.54M 0.24%
46,676
+279
+0.6% +$22.1K
DHR icon
90
Danaher
DHR
$137B
$4.5M 0.24%
22,791
+147
+0.6% +$28.5K
CI icon
91
Cigna
CI
$73.7B
$4.47M 0.23%
13,533
+1,564
+13% +$504K
ADP icon
92
Automatic Data Processing
ADP
$106B
$4.45M 0.23%
14,440
+93
+0.6% +$28.6K
KLAC icon
93
KLA
KLAC
$239B
$4.32M 0.23%
48,260
+310
+0.6% +$23.3K
TMUS icon
94
T-Mobile US
TMUS
$185B
$4.32M 0.23%
18,115
+102
+0.6% +$24.9K
COP icon
95
ConocoPhillips
COP
$147B
$4.28M 0.22%
47,652
+269
+0.6% +$24.2K
CPA icon
96
Copa Holdings
CPA
$5.76B
$4.23M 0.22%
+38,425
New +$3.79M
ADI icon
97
Analog Devices
ADI
$179B
$4.17M 0.22%
17,523
+112
+0.6% +$23.3K
BA icon
98
Boeing
BA
$171B
$4.17M 0.22%
19,904
+191
+1% +$36.1K
AX icon
99
Axos Financial
AX
$5.77B
$4.15M 0.22%
54,633
+13,118
+32% +$887K
APH icon
100
Amphenol
APH
$198B
$4.09M 0.21%
41,449
+283
+0.7% +$23.1K
2 3
4
5 6

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
GS
Gilead Sciences Foster City, California $2.12B AUM 143.53% 1-Year Est. Return
SC
SouthState Corp Winter Haven, Florida $2.14B AUM 18.39% 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

Empirical Finance's Q2 2025 Portfolio in Review

As of Q2 2025, Empirical Finance held 550 positions worth $1.91B, up 15% from $1.66B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Empirical Finance deployed $81.8M of net new capital in Q2 2025, opening 46 new positions and adding to 404 existing holdings. Its largest new stake was Western Midstream Partners: 122,699 shares worth $4.75M.

By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 28% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was AT&T, an estimated $927K trimmed.

  • Empirical Finance's largest Q2 2025 buy was Western Midstream Partners: 122,699 shares worth $4.75M.
  • Empirical Finance added most to Alpha Architect Tail Risk ETF in Q2 2025, an estimated $14.2M increase.
  • Empirical Finance's biggest Q2 2025 reduction was AT&T, cutting an estimated $927K.
  • Empirical Finance fully exited Discover Financial Services in Q2 2025, selling an estimated $1.55M.
  • Empirical Finance's ten largest holdings make up 35% of its $1.91B portfolio in Q2 2025.
  • Empirical Finance opened 46 new positions and closed 42 in Q2 2025.
  • Empirical Finance's portfolio value rose 15% quarter-over-quarter to $1.91B.

Based on Empirical Finance's 13F filing for Q2 2025, filed 11 Aug 2025.