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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
+12.01%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$393M
AUM Growth
+$55.6M
(+16%)
Cap. Flow
+$20.5M
Cap. Flow
% of AUM
5.2%
Top 10 Holdings %
Top 10 Hldgs %
56.71%
Holding
179
New
37
Increased
77
Reduced
25
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alpha Architect US Quantitative Momentum ETF
QMOM
|
+$4.34M |
| 2 |
SCHR
Schwab Intermediately-Term US Treasury ETF
SCHR
|
+$3.99M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$3.24M |
| 4 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$2.9M |
| 5 |
Alpha Architect International Quantitative Momentum ETF
IMOM
|
+$1.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Schwab US Large- Cap ETF
SCHX
|
+$3.94M |
| 2 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$3.89M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.55M |
| 4 |
Herbalife
HLF
|
+$2.05M |
| 5 |
American Eagle Outfitters
AEO
|
+$1.62M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 10.74% |
| 2 | Technology | 6.24% |
| 3 | Industrials | 3.98% |
| 4 | Healthcare | 2.82% |
| 5 | Communication Services | 2.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Nike
NKE
$61.9B
| $254K | 0.06% |
+3,014
| New | +$249K |
|
152
Altria Group
MO
$114B
| $253K | 0.06% |
+4,406
| New | +$225K |
|
153
Costco
COST
$422B
| $249K | 0.06% |
+1,027
| New | +$225K |
|
154
Texas Instruments
TXN
$252B
| $245K | 0.06% |
+2,309
| New | +$239K |
|
155
RTX Corp
RTX
$290B
| $238K | 0.06% |
+2,932
| New | +$223K |
|
156
Starbucks
SBUX
$120B
| $238K | 0.06% |
+3,198
| New | +$220K |
|
157
NextEra Energy
NEE
$181B
| $213K | 0.05% |
+4,400
| New | +$201K |
|
158
Lowe's Companies
LOW
$117B
| $212K | 0.05% |
+1,936
| New | +$193K |
|
159
Broadcom
AVGO
$1.85T
| $204K | 0.05% |
+6,770
| New | +$184K |
|
160
GE Aerospace
GE
$374B
| $204K | 0.05% |
4,104
+895
| +28% | +$42.1K |
|
161
iShares MSCI Turkey ETF
TUR
$200M
| $202K | 0.05% |
8,338
| – | – |
|
|
162
American Eagle Outfitters
AEO
$2.88B
| – | – |
-83,902
| Closed | -$1.62M |
|
163
AutoZone
AZO
$49.2B
| – | – |
-1,324
| Closed | -$1.11M |
|
164
Vanguard Total International Bond ETF
BNDX
$81.9B
| – | – |
-16,853
| Closed | -$914K |
|
165
EnerSys
ENS
$6.78B
| – | – |
-19,431
| Closed | -$1.51M |
|
166
Gentex
GNTX
$4.97B
| – | – |
-57,096
| Closed | -$1.15M |
|
|
167
Herbalife
HLF
$1.29B
| – | – |
-34,812
| Closed | -$2.05M |
|
|
JNPR
168
DELISTED
Juniper Networks
JNPR
| – | – |
-49,584
| Closed | -$1.33M |
|
169
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
| – | – |
-2,658
| Closed | -$268K |
|
170
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
| – | – |
-29,213
| Closed | -$1.46M |
|
|
JWN
171
DELISTED
Nordstrom
JWN
| – | – |
-24,058
| Closed | -$1.12M |
|
172
MKS Inc
MKSI
$20.1B
| – | – |
-11,473
| Closed | -$741K |
|
173
Oshkosh
OSK
$8.79B
| – | – |
-13,060
| Closed | -$801K |
|
|
174
Schwab US Large- Cap ETF
SCHX
$71.8B
| – | – |
-396,108
| Closed | -$3.94M |
|
175
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| – | – |
-9,103
| Closed | -$761K |
|
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SC
NAAA
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GA
HJGA
Empirical Finance's Q1 2019 Portfolio in Review
As of Q1 2019, Empirical Finance held 179 positions worth $393M, up 16% from $337M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Empirical Finance deployed $20.5M of net new capital in Q1 2019, opening 37 new positions and adding to 77 existing holdings. Its largest new stake was Schwab Intermediately-Term US Treasury ETF: 150,266 shares worth $4.04M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 11% of assets, down from 12% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, an estimated $3.89M trimmed.
- Empirical Finance's largest Q1 2019 buy was Schwab Intermediately-Term US Treasury ETF: 150,266 shares worth $4.04M.
- Empirical Finance added most to Alpha Architect US Quantitative Momentum ETF in Q1 2019, an estimated $4.34M increase.
- Empirical Finance's biggest Q1 2019 reduction was State Street SPDR Bloomberg 1-3 Month T-Bill ETF, cutting an estimated $3.89M.
- Empirical Finance fully exited Schwab US Large- Cap ETF in Q1 2019, selling an estimated $3.94M.
- Empirical Finance's ten largest holdings make up 57% of its $393M portfolio in Q1 2019.
- Empirical Finance opened 37 new positions and closed 18 in Q1 2019.
- Empirical Finance's portfolio value rose 16% quarter-over-quarter to $393M.
Based on Empirical Finance's 13F filing for Q1 2019, filed 10 May 2019.