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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
+1.07%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$395M
AUM Growth
+$1.62M
(+0.41%)
Cap. Flow
-$24.1M
Cap. Flow
% of AUM
-6.1%
Top 10 Holdings %
Top 10 Hldgs %
62.27%
Holding
210
New
49
Increased
24
Reduced
64
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Schwab US Mid-Cap ETF
SCHM
|
+$7.47M |
| 2 |
Vanguard Total Bond Market
BND
|
+$6.38M |
| 3 |
AAVM
EA Series Trust Alpha Architect Global Factor Equity ETF
AAVM
|
+$5.38M |
| 4 |
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
|
+$3.73M |
| 5 |
Herbalife
HLF
|
+$3.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total Stock Market ETF
VTI
|
+$7.89M |
| 2 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$7.07M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$5.67M |
| 4 |
SCHR
Schwab Intermediately-Term US Treasury ETF
SCHR
|
+$4.04M |
| 5 |
Vanguard FTSE All-World ex-US ETF
VEU
|
+$3.23M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 11.18% |
| 2 | Technology | 7.58% |
| 3 | Healthcare | 4.28% |
| 4 | Consumer Staples | 2.63% |
| 5 | Communication Services | 1.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Zebra Technologies
ZBRA
$13.5B
| $231K | 0.06% |
+1,616
| New | +$238K |
|
127
Allstate
ALL
$70.6B
| $223K | 0.06% |
+2,442
| New | +$232K |
|
128
Waste Management
WM
$95B
| $221K | 0.06% |
+2,720
| New | +$225K |
|
129
Steris
STE
$22.9B
| $216K | 0.05% |
+2,057
| New | +$207K |
|
130
IBM
IBM
$213B
| $214K | 0.05% |
1,604
-11,949
| -88% | -$1.67M |
|
131
Philip Morris
PM
$309B
| $213K | 0.05% |
2,644
-989
| -27% | -$83.9K |
|
132
Invesco S&P 500 Equal Weight ETF
RSP
$97.3B
| $213K | 0.05% |
2,087
-18,469
| -90% | -$1.87M |
|
|
MLNX
133
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $213K | 0.05% |
+2,530
| New | +$207K |
|
134
PJT Partners
PJT
$4.26B
| $210K | 0.05% |
+3,933
| New | +$215K |
|
135
GE Aerospace
GE
$364B
| $207K | 0.05% |
3,170
-1,098
| -26% | -$73.2K |
|
136
Adobe
ADBE
$105B
| $205K | 0.05% |
840
-307
| -27% | -$72.6K |
|
137
3M
MMM
$91.8B
| $204K | 0.05% |
1,240
-419
| -25% | -$71.5K |
|
138
Schwab Short-Term US Treasury ETF
SCHO
$12.8B
| $200K | 0.05% |
8,048
-10,056
| -56% | -$250K |
|
139
Nomad Foods
NOMD
$1.77B
| $199K | 0.05% |
+10,388
| New | +$180K |
|
140
Abbott
ABT
$188B
| – | – |
-4,074
| Closed | -$326K |
|
141
Aptus Behavioral Momentum ETF
ADME
$284M
| – | – |
-53,605
| Closed | -$1.57M |
|
142
Allison Transmission
ALSN
$9.51B
| – | – |
-20,469
| Closed | -$919K |
|
143
Autoliv
ALV
$9.14B
| – | – |
-21,685
| Closed | -$1.15M |
|
144
Applied Materials
AMAT
$347B
| – | – |
-26,871
| Closed | -$1.07M |
|
145
AMC Global Media
AMCX
$450M
| – | – |
-37,649
| Closed | -$2.14M |
|
146
Broadcom
AVGO
$1.76T
| – | – |
-6,770
| Closed | -$204K |
|
147
BorgWarner
BWA
$12.8B
| – | – |
-67,228
| Closed | -$2.27M |
|
148
Cal-Maine
CALM
$4.43B
| – | – |
-22,186
| Closed | -$990K |
|
149
Caterpillar
CAT
$361B
| – | – |
-11,768
| Closed | -$1.59M |
|
150
Cigna
CI
$78.4B
| – | – |
-9,000
| Closed | -$1.45M |
|
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Empirical Finance's Q2 2018 Portfolio in Review
As of Q2 2018, Empirical Finance held 210 positions worth $395M, up 0.41% from $393M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Empirical Finance withdrew a net $24.1M in Q2 2018, closing 71 positions and reducing 64 holdings. Its most notable exit was Vanguard Total Stock Market ETF, an estimated $7.89M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 11% of assets, up from 11% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Empirical Finance opened a new position in Schwab US Mid-Cap ETF worth $7.56M.
- Empirical Finance's largest Q2 2018 buy was Schwab US Mid-Cap ETF: 413,061 shares worth $7.56M.
- Empirical Finance added most to Vanguard Total Bond Market in Q2 2018, an estimated $6.38M increase.
- Empirical Finance's biggest Q2 2018 reduction was Invesco S&P 500 Equal Weight ETF, cutting an estimated $1.87M.
- Empirical Finance fully exited Vanguard Total Stock Market ETF in Q2 2018, selling an estimated $7.89M.
- Empirical Finance's ten largest holdings make up 62% of its $395M portfolio in Q2 2018.
- Empirical Finance opened 49 new positions and closed 71 in Q2 2018.
- Empirical Finance's portfolio value rose 0.41% quarter-over-quarter to $395M.
Based on Empirical Finance's 13F filing for Q2 2018, filed 9 Jul 2018.