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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
+11.75%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$1.43B
AUM Growth
+$72.6M
Cap. Flow
-$67.2M
Cap. Flow %
-4.68%
Top 10 Hldgs %
30.02%
Holding
534
New
24
Increased
339
Reduced
115
Closed
21

Top Buys

Rank Stock Value
1
BOXX icon
Alpha Architect 1-3 Month Box ETF
BOXX
+$1.66M
2
MSFT icon
Microsoft
MSFT
+$629K
3
VLTO icon
Veralto
VLTO
+$565K
4
PHM icon
Pultegroup
PHM
+$563K
5
DHI icon
D.R. Horton
DHI
+$536K

Top Sells

Rank Stock Value
1
SGOV icon
iShares 0-3 Month Treasury Bond ETF
SGOV
+$26.9M
2
IMOM icon
Alpha Architect International Quantitative Momentum ETF
IMOM
+$10.1M
3
QMOM icon
Alpha Architect US Quantitative Momentum ETF
QMOM
+$8.98M
4
IVAL icon
Alpha Architect International Quantitative Value ETF
IVAL
+$8.6M
5
QVAL icon
Alpha Architect US Quantitative Value ETF
QVAL
+$8.25M

Sector Composition

Rank Sector Weight
1 Technology 27.37%
2 Healthcare 12.03%
3 Financials 10.77%
4 Consumer Discretionary 10.06%
5 Communication Services 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BIIB icon
201
Biogen
BIIB
$30.6B
$1.34M 0.09%
5,165
+21
+0.4% +$5.16K
PAYX icon
202
Paychex
PAYX
$41.7B
$1.33M 0.09%
11,181
+83
+0.7% +$9.83K
AME icon
203
Ametek
AME
$56.9B
$1.32M 0.09%
8,019
+61
+0.8% +$9.3K
CEG icon
204
Constellation Energy
CEG
$95.9B
$1.32M 0.09%
11,308
+68
+0.6% +$7.94K
DVN icon
205
Devon Energy
DVN
$50.9B
$1.32M 0.09%
29,055
+233
+0.8% +$10.7K
FTNT icon
206
Fortinet
FTNT
$122B
$1.3M 0.09%
22,246
+155
+0.7% +$8.57K
OTIS icon
207
Otis Worldwide
OTIS
$27.9B
$1.3M 0.09%
14,534
+106
+0.7% +$8.81K
GWW icon
208
W.W. Grainger
GWW
$61.6B
$1.3M 0.09%
1,568
+13
+0.8% +$10K
FAST icon
209
Fastenal
FAST
$56.3B
$1.29M 0.09%
39,954
+308
+0.8% +$9.28K
SYY icon
210
Sysco
SYY
$39.7B
$1.29M 0.09%
17,649
+123
+0.7% +$8.49K
EA icon
211
Electronic Arts
EA
$53B
$1.28M 0.09%
9,324
-38
-0.4% -$5.02K
ACWI icon
212
iShares MSCI ACWI ETF
ACWI
$33.3B
$1.27M 0.09%
12,489
– –
IT icon
213
Gartner
IT
$12B
$1.27M 0.09%
2,815
+10
+0.4% +$4K
VRSK icon
214
Verisk Analytics
VRSK
$25B
$1.27M 0.09%
5,311
+7
+0.1% +$1.66K
KBH icon
215
KB Home
KBH
$3.53B
$1.27M 0.09%
20,309
+10,073
+98% +$518K
NVR icon
216
NVR
NVR
$16.9B
$1.25M 0.09%
179
-92
-34% -$567K
ROK icon
217
Rockwell Automation
ROK
$49.3B
$1.24M 0.09%
4,008
+24
+0.6% +$6.73K
EXC icon
218
Exelon
EXC
$47.1B
$1.24M 0.09%
34,414
+264
+0.8% +$10.2K
FIS icon
219
Fidelity National Information Services
FIS
$21.8B
$1.23M 0.09%
20,519
+114
+0.6% +$6.25K
PPG icon
220
PPG Industries
PPG
$26.2B
$1.23M 0.09%
8,241
+46
+0.6% +$6.22K
ODFL icon
221
Old Dominion Freight Line
ODFL
$45.1B
$1.23M 0.09%
6,080
+42
+0.7% +$8.33K
EQT icon
222
EQT Corp
EQT
$33.1B
$1.23M 0.09%
31,789
+11,800
+59% +$479K
GPN icon
223
Global Payments
GPN
$23.8B
$1.22M 0.08%
9,579
+13
+0.1% +$1.5K
KMI icon
224
Kinder Morgan
KMI
$70.3B
$1.22M 0.08%
68,917
+480
+0.7% +$8.18K
CTVA icon
225
Corteva
CTVA
$51.7B
$1.21M 0.08%
25,175
+144
+0.6% +$6.87K
7 8
9
10 11

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BCM
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SC
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NAAA
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IVAV
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GA
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HJGA
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CF
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Empirical Finance's Q4 2023 Portfolio in Review

As of Q4 2023, Empirical Finance held 534 positions worth $1.43B, up 5.3% from $1.36B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Empirical Finance withdrew a net $67.2M in Q4 2023, closing 21 positions and reducing 115 holdings. Its most notable exit was iShares 0-3 Month Treasury Bond ETF, an estimated $26.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 25% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Empirical Finance opened a new position in Veralto worth $622K.

  • Empirical Finance's largest Q4 2023 buy was Veralto: 7,563 shares worth $622K.
  • Empirical Finance added most to Alpha Architect 1-3 Month Box ETF in Q4 2023, an estimated $1.66M increase.
  • Empirical Finance's biggest Q4 2023 reduction was Alpha Architect International Quantitative Momentum ETF, cutting an estimated $10.1M.
  • Empirical Finance fully exited iShares 0-3 Month Treasury Bond ETF in Q4 2023, selling an estimated $26.9M.
  • Empirical Finance's ten largest holdings make up 30% of its $1.43B portfolio in Q4 2023.
  • Empirical Finance opened 24 new positions and closed 21 in Q4 2023.
  • Empirical Finance's portfolio value rose 5.3% quarter-over-quarter to $1.43B.

Based on Empirical Finance's 13F filing for Q4 2023, filed 14 Feb 2024.