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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
+22.34%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$391M
AUM Growth
+$69.1M
Cap. Flow
+$6.66M
Cap. Flow %
1.71%
Top 10 Hldgs %
40.64%
Holding
240
New
31
Increased
182
Reduced
11
Closed
5

Top Buys

Rank Stock Value
1
VWOB icon
Vanguard Emerging Markets Government Bond ETF
VWOB
+$1.91M
2
IMOM icon
Alpha Architect International Quantitative Momentum ETF
IMOM
+$1.65M
3
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$1.54M
4
GLD icon
SPDR Gold Trust
GLD
+$1.51M
5
ANGL icon
VanEck Fallen Angel High Yield Bond ETF
ANGL
+$1.36M

Top Sells

Rank Stock Value
1
SHY icon
iShares 1-3 Year Treasury Bond ETF
SHY
+$9.63M
2
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$4.76M
3
SCHR
Schwab Intermediately-Term US Treasury ETF
SCHR
+$4.58M
4
QMOM icon
Alpha Architect US Quantitative Momentum ETF
QMOM
+$3.36M
5
QQQ icon
Invesco QQQ Trust
QQQ
+$2.01M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 13.31%
2 Technology 10.78%
3 Healthcare 9.38%
4 Industrials 7.66%
5 Communication Services 4.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IMOM icon
1
Alpha Architect International Quantitative Momentum ETF
IMOM
$147M
$28.2M 7.21%
1,071,141
+69,416
+7% +$1.65M
QMOM icon
2
Alpha Architect US Quantitative Momentum ETF
QMOM
$414M
$24.4M 6.25%
686,312
-106,242
-13% -$3.36M
IVAL icon
3
Alpha Architect International Quantitative Value ETF
IVAL
$218M
$23.4M 5.99%
967,055
+10,635
+1% +$245K
QVAL icon
4
Alpha Architect US Quantitative Value ETF
QVAL
$589M
$20.8M 5.32%
927,101
-18,254
-2% -$382K
AAVM
5
EA Series Trust Alpha Architect Global Factor Equity ETF
AAVM
$25M
$17.2M 4.39%
770,496
-20,207
-3% -$436K
SHY icon
6
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
$12.9M 3.3%
148,711
-111,215
-43% -$9.63M
AAPL icon
7
Apple
AAPL
$4.94T
$10.8M 2.76%
118,156
+14,308
+14% +$1.11M
MSFT icon
8
Microsoft
MSFT
$2.92T
$8.48M 2.17%
41,661
+6,173
+17% +$1.12M
AMZN icon
9
Amazon
AMZN
$2.47T
$7.5M 1.92%
54,400
+7,620
+16% +$920K
IEF icon
10
iShares 7-10 Year Treasury Bond ETF
IEF
$47.4B
$5.26M 1.35%
43,166
-3,166
-7% -$385K
VTI icon
11
Vanguard Total Stock Market ETF
VTI
$653B
$4.83M 1.24%
30,851
-2,623
-8% -$387K
QQQ icon
12
Invesco QQQ Trust
QQQ
$442B
$3.73M 0.95%
15,062
-8,988
-37% -$2.01M
GLD icon
13
SPDR Gold Trust
GLD
$131B
$3.65M 0.93%
21,825
+9,390
+76% +$1.51M
META icon
14
Meta Platforms (Facebook)
META
$1.51T
$3.6M 0.92%
15,874
+1,973
+14% +$412K
BC icon
15
Brunswick
BC
$5.39B
$3.54M 0.91%
55,254
+1,460
+3% +$72.8K
UTHR icon
16
United Therapeutics
UTHR
$26.4B
$3.13M 0.8%
25,906
+221
+0.9% +$24.9K
ELV icon
17
Elevance Health
ELV
$80.4B
$3.01M 0.77%
11,452
+489
+4% +$130K
PHM icon
18
Pultegroup
PHM
$25.7B
$2.91M 0.75%
85,608
+2,164
+3% +$65K
CMI icon
19
Cummins
CMI
$87.9B
$2.88M 0.74%
16,644
+539
+3% +$86.1K
GOOG icon
20
Alphabet (Google) Class C
GOOG
$3.99T
$2.83M 0.73%
40,100
+5,140
+15% +$347K
GOOGL icon
21
Alphabet (Google) Class A
GOOGL
$3.99T
$2.8M 0.72%
39,540
+5,160
+15% +$348K
BWA icon
22
BorgWarner
BWA
$12.8B
$2.75M 0.7%
88,647
+1,682
+2% +$44.3K
BIIB icon
23
Biogen
BIIB
$29.8B
$2.61M 0.67%
9,746
+223
+2% +$67K
ABBV icon
24
AbbVie
ABBV
$468B
$2.6M 0.67%
26,507
+1,749
+7% +$154K
HBI
25
DELISTED
Hanesbrands
HBI
$2.54M 0.65%
225,187
+6,000
+3% +$60K
1
2 3 4 5

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AAP
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BCM
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SC
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Empirical Finance's Q2 2020 Portfolio in Review

As of Q2 2020, Empirical Finance held 240 positions worth $391M, up 21% from $322M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Empirical Finance's Q2 2020 filing shows 31 new, 182 increased, 11 reduced and 5 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 25,806 shares worth $2.01M. The largest sale was iShares 1-3 Year Treasury Bond ETF, an estimated $9.63M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 13% of assets, up from 11% a quarter earlier, followed by Technology and Healthcare.

  • Empirical Finance's largest Q2 2020 buy was Vanguard Emerging Markets Government Bond ETF: 25,806 shares worth $2.01M.
  • Empirical Finance added most to Alpha Architect International Quantitative Momentum ETF in Q2 2020, an estimated $1.65M increase.
  • Empirical Finance's biggest Q2 2020 reduction was iShares 1-3 Year Treasury Bond ETF, cutting an estimated $9.63M.
  • Empirical Finance fully exited Vanguard Real Estate ETF in Q2 2020, selling an estimated $1.08M.
  • Empirical Finance's ten largest holdings make up 41% of its $391M portfolio in Q2 2020.
  • Empirical Finance opened 31 new positions and closed 5 in Q2 2020.
  • Empirical Finance's portfolio value rose 21% quarter-over-quarter to $391M.

Based on Empirical Finance's 13F filing for Q2 2020, filed 20 Jul 2020.