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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
+8.9%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$1.29B
AUM Growth
+$223M
Cap. Flow
+$138M
Cap. Flow %
10.66%
Top 10 Hldgs %
29.72%
Holding
530
New
34
Increased
411
Reduced
50
Closed
21

Top Buys

Rank Stock Value
1
SGOV icon
iShares 0-3 Month Treasury Bond ETF
SGOV
+$26.4M
2
AAPL icon
Apple
AAPL
+$8.86M
3
MSFT icon
Microsoft
MSFT
+$8.07M
4
AMZN icon
Amazon
AMZN
+$3.55M
5
IMOM icon
Alpha Architect International Quantitative Momentum ETF
IMOM
+$3.47M

Top Sells

Rank Stock Value
1
QMOM icon
Alpha Architect US Quantitative Momentum ETF
QMOM
+$2.14M
2
QVAL icon
Alpha Architect US Quantitative Value ETF
QVAL
+$1.9M
3
PHM icon
Pultegroup
PHM
+$668K
4
TEX icon
Terex
TEX
+$645K
5
BLDR icon
Builders FirstSource
BLDR
+$643K

Sector Composition

Rank Sector Weight
1 Technology 24.97%
2 Healthcare 11.78%
3 Financials 9.68%
4 Consumer Discretionary 9.3%
5 Communication Services 7.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MU icon
101
Micron Technology
MU
$930B
$2.67M 0.21%
42,296
+3,875
+10% +$249K
SCHW
102
Charles Schwab
SCHW
$183B
$2.54M 0.2%
44,850
+4,875
+12% +$255K
EOG icon
103
EOG Resources
EOG
$79.2B
$2.53M 0.2%
22,096
+5,790
+36% +$661K
ZTS icon
104
Zoetis
ZTS
$32.4B
$2.53M 0.2%
14,681
+1,785
+14% +$309K
PYPL icon
105
PayPal
PYPL
$48.9B
$2.43M 0.19%
36,345
+4,018
+12% +$274K
PGR icon
106
Progressive
PGR
$123B
$2.42M 0.19%
18,275
+1,863
+11% +$250K
TMUS icon
107
T-Mobile US
TMUS
$185B
$2.41M 0.19%
17,323
+2,076
+14% +$291K
BSX icon
108
Boston Scientific
BSX
$69.5B
$2.4M 0.19%
44,428
+4,843
+12% +$253K
FISV
109
Fiserv Inc
FISV
$28.8B
$2.37M 0.18%
18,815
+2,138
+13% +$252K
BDX icon
110
Becton Dickinson
BDX
$45.6B
$2.36M 0.18%
8,940
+979
+12% +$249K
SO icon
111
Southern Company
SO
$109B
$2.36M 0.18%
33,559
+3,861
+13% +$277K
CSX icon
112
CSX Corp
CSX
$93.4B
$2.34M 0.18%
68,648
+7,035
+11% +$223K
VLO icon
113
Valero Energy
VLO
$90.1B
$2.34M 0.18%
19,956
+5,261
+36% +$611K
OXY icon
114
Occidental Petroleum
OXY
$56.8B
$2.25M 0.17%
38,322
+9,748
+34% +$585K
ITW icon
115
Illinois Tool Works
ITW
$82.6B
$2.22M 0.17%
8,881
+952
+12% +$223K
KLAC icon
116
KLA
KLAC
$239B
$2.21M 0.17%
45,650
+4,370
+11% +$183K
HCA icon
117
HCA Healthcare
HCA
$87.2B
$2.21M 0.17%
7,269
+686
+10% +$191K
PXD
118
DELISTED
Pioneer Natural Resource Co.
PXD
$2.19M 0.17%
10,587
+2,905
+38% +$612K
DUK icon
119
Duke Energy
DUK
$97.8B
$2.16M 0.17%
24,033
+2,814
+13% +$266K
NOC icon
120
Northrop Grumman
NOC
$77.1B
$2.11M 0.16%
4,629
+467
+11% +$212K
CME icon
121
CME Group
CME
$96.3B
$2.08M 0.16%
11,223
+1,267
+13% +$234K
APD icon
122
Air Products & Chemicals
APD
$65.7B
$2.08M 0.16%
6,940
+776
+13% +$221K
WM icon
123
Waste Management
WM
$90.6B
$2.08M 0.16%
11,975
+1,267
+12% +$209K
VOE icon
124
Vanguard Morningstar Mid-Cap Value ETF
VOE
$23.7B
$2.05M 0.16%
14,791
-165
-1% -$22K
CL icon
125
Colgate-Palmolive
CL
$73.1B
$2.03M 0.16%
26,380
+2,838
+12% +$220K
3 4
5
6 7

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BCM
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GS
Gilead Sciences Foster City, California $2.12B AUM 143.53% 1-Year Est. Return
SC
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NAAA
New Age Alpha Advisors Rye, New York $2.15B AUM 27.2% 1-Year Est. Return
IVAV
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GA
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HJGA
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Empirical Finance's Q2 2023 Portfolio in Review

As of Q2 2023, Empirical Finance held 530 positions worth $1.29B, up 21% from $1.07B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Empirical Finance deployed $138M of net new capital in Q2 2023, opening 34 new positions and adding to 411 existing holdings. Its largest new stake was EQT Corp: 18,578 shares worth $764K.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 23% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was Alpha Architect US Quantitative Momentum ETF, an estimated $2.14M trimmed.

  • Empirical Finance's largest Q2 2023 buy was EQT Corp: 18,578 shares worth $764K.
  • Empirical Finance added most to iShares 0-3 Month Treasury Bond ETF in Q2 2023, an estimated $26.4M increase.
  • Empirical Finance's biggest Q2 2023 reduction was Alpha Architect US Quantitative Momentum ETF, cutting an estimated $2.14M.
  • Empirical Finance fully exited Terex in Q2 2023, selling an estimated $645K.
  • Empirical Finance's ten largest holdings make up 30% of its $1.29B portfolio in Q2 2023.
  • Empirical Finance opened 34 new positions and closed 21 in Q2 2023.
  • Empirical Finance's portfolio value rose 21% quarter-over-quarter to $1.29B.

Based on Empirical Finance's 13F filing for Q2 2023, filed 27 Jul 2023.