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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
+7.3%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$613M
AUM Growth
+$44.8M
(+7.9%)
Cap. Flow
-$30.6M
Cap. Flow
% of AUM
-4.99%
Top 10 Holdings %
Top 10 Hldgs %
32.64%
Holding
423
New
98
Increased
241
Reduced
64
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
|
+$5.58M |
| 2 |
Microsoft
MSFT
|
+$3.23M |
| 3 |
Apple
AAPL
|
+$3.19M |
| 4 |
Amazon
AMZN
|
+$2.53M |
| 5 |
UnitedHealth
UNH
|
+$1.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alpha Architect International Quantitative Momentum ETF
IMOM
|
+$10.2M |
| 2 |
Alpha Architect US Quantitative Momentum ETF
QMOM
|
+$7.96M |
| 3 |
SPDR Gold Trust
GLD
|
+$7.95M |
| 4 |
United Rentals
URI
|
+$4.67M |
| 5 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$4.09M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.92% |
| 2 | Healthcare | 11.66% |
| 3 | Consumer Discretionary | 9.86% |
| 4 | Financials | 8.78% |
| 5 | Communication Services | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alpha Architect International Quantitative Value ETF
IVAL
$219M
| $27.5M | 4.49% |
947,851
-11,048
| -1% | -$327K |
|
2
Alpha Architect US Quantitative Value ETF
QVAL
$589M
| $27.4M | 4.46% |
797,168
-53,698
| -6% | -$1.82M |
|
|
3
Apple
AAPL
$4.98T
| $26.7M | 4.36% |
195,182
+24,622
| +14% | +$3.19M |
|
|
4
Alpha Architect International Quantitative Momentum ETF
IMOM
$148M
| $22.7M | 3.69% |
652,971
-292,794
| -31% | -$10.2M |
|
|
5
Microsoft
MSFT
$2.96T
| $22M | 3.59% |
81,222
+12,715
| +19% | +$3.23M |
|
|
6
Amazon
AMZN
$2.5T
| $17.2M | 2.81% |
100,240
+15,220
| +18% | +$2.53M |
|
|
7
Alpha Architect US Quantitative Momentum ETF
QMOM
$414M
| $17.1M | 2.78% |
332,480
-157,998
| -32% | -$7.96M |
|
8
Vanguard Total Stock Market ETF
VTI
$657B
| $15.5M | 2.53% |
69,635
-701
| -1% | -$152K |
|
|
AAVM
9
EA Series Trust Alpha Architect Global Factor Equity ETF
AAVM
$25M
| $14.2M | 2.31% |
514,128
-51,148
| -9% | -$1.41M |
|
10
Meta Platforms (Facebook)
META
$1.51T
| $9.93M | 1.62% |
28,551
+4,106
| +17% | +$1.32M |
|
11
Alphabet (Google) Class C
GOOG
$4.1T
| $8.71M | 1.42% |
69,480
+9,180
| +15% | +$1.09M |
|
|
12
Alphabet (Google) Class A
GOOGL
$4.11T
| $8.71M | 1.42% |
71,320
+10,360
| +17% | +$1.21M |
|
|
13
Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
PDBC
$6.2B
| $7.36M | 1.2% |
366,528
+293,404
| +401% | +$5.58M |
|
14
Berkshire Hathaway Class B
BRK.B
$1.1T
| $6.35M | 1.04% |
22,848
+2,802
| +14% | +$783K |
|
15
Invesco QQQ Trust
QQQ
$446B
| $5.78M | 0.94% |
16,314
-846
| -5% | -$284K |
|
16
JPMorgan Chase
JPM
$946B
| $5.74M | 0.94% |
36,902
+5,273
| +17% | +$828K |
|
17
NVIDIA
NVDA
$4.79T
| $5.53M | 0.9% |
276,560
+43,240
| +19% | +$693K |
|
|
18
UnitedHealth
UNH
$390B
| $5.46M | 0.89% |
13,622
+3,893
| +40% | +$1.55M |
|
19
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $5.41M | 0.88% |
99,567
-1,346
| -1% | -$71.7K |
|
20
Vanguard FTSE Developed Markets ETF
VEA
$226B
| $5.34M | 0.87% |
103,746
-5,092
| -5% | -$263K |
|
21
Johnson & Johnson
JNJ
$644B
| $5.17M | 0.84% |
31,404
+4,412
| +16% | +$730K |
|
22
Home Depot
HD
$343B
| $4.15M | 0.68% |
13,025
+1,833
| +16% | +$583K |
|
23
PayPal
PYPL
$51.7B
| $4.03M | 0.66% |
13,812
+1,996
| +17% | +$527K |
|
24
Procter & Gamble
PG
$351B
| $3.96M | 0.65% |
29,372
+4,072
| +16% | +$551K |
|
25
Bank of America
BAC
$438B
| $3.89M | 0.63% |
94,329
+12,022
| +15% | +$493K |
|
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IVAV
GA
Empirical Finance's Q2 2021 Portfolio in Review
As of Q2 2021, Empirical Finance held 423 positions worth $613M, up 7.9% from $569M the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Empirical Finance withdrew a net $30.6M in Q2 2021, closing 20 positions and reducing 64 holdings. Its most notable exit was SPDR Gold Trust, an estimated $7.95M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Empirical Finance opened a new position in Tesla worth $1.4M.
- Empirical Finance's largest Q2 2021 buy was Tesla: 6,189 shares worth $1.4M.
- Empirical Finance added most to Invesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF in Q2 2021, an estimated $5.58M increase.
- Empirical Finance's biggest Q2 2021 reduction was Alpha Architect International Quantitative Momentum ETF, cutting an estimated $10.2M.
- Empirical Finance fully exited SPDR Gold Trust in Q2 2021, selling an estimated $7.95M.
- Empirical Finance's ten largest holdings make up 33% of its $613M portfolio in Q2 2021.
- Empirical Finance opened 98 new positions and closed 20 in Q2 2021.
- Empirical Finance's portfolio value rose 7.9% quarter-over-quarter to $613M.
Based on Empirical Finance's 13F filing for Q2 2021, filed 4 Aug 2021.