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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
-3.88%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$843M
AUM Growth
+$58.6M
Cap. Flow
+$108M
Cap. Flow %
12.76%
Top 10 Hldgs %
28.69%
Holding
502
New
36
Increased
390
Reduced
35
Closed
22

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$9.65M
2
MSFT icon
Microsoft
MSFT
+$7.99M
3
AMZN icon
Amazon
AMZN
+$4.53M
4
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$3.17M
5
TSLA icon
Tesla
TSLA
+$2.89M

Top Sells

Rank Stock Value
1
QVAL icon
Alpha Architect US Quantitative Value ETF
QVAL
+$7.39M
2
QMOM icon
Alpha Architect US Quantitative Momentum ETF
QMOM
+$4.66M
3
IVAL icon
Alpha Architect International Quantitative Value ETF
IVAL
+$4.22M
4
IMOM icon
Alpha Architect International Quantitative Momentum ETF
IMOM
+$3.94M
5
VNQ icon
Vanguard Real Estate ETF
VNQ
+$616K

Sector Composition

Rank Sector Weight
1 Technology 20.16%
2 Healthcare 12.79%
3 Financials 10.37%
4 Consumer Discretionary 9.41%
5 Industrials 7.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.94T
$53.3M 6.32%
385,549
+61,497
+19% +$9.65M
MSFT icon
2
Microsoft
MSFT
$2.92T
$40.9M 4.86%
175,802
+30,269
+21% +$7.99M
QVAL icon
3
Alpha Architect US Quantitative Value ETF
QVAL
$589M
$27M 3.2%
923,519
-230,477
-20% -$7.39M
AMZN icon
4
Amazon
AMZN
$2.47T
$23.6M 2.8%
209,295
+35,873
+21% +$4.53M
QMOM icon
5
Alpha Architect US Quantitative Momentum ETF
QMOM
$414M
$21.7M 2.57%
490,361
-101,318
-17% -$4.66M
IVAL icon
6
Alpha Architect International Quantitative Value ETF
IVAL
$218M
$21M 2.49%
1,035,423
-187,853
-15% -$4.22M
IMOM icon
7
Alpha Architect International Quantitative Momentum ETF
IMOM
$147M
$15M 1.78%
658,699
-155,352
-19% -$3.94M
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4T
$14M 1.66%
145,990
+24,150
+20% +$2.68M
GOOG icon
9
Alphabet (Google) Class C
GOOG
$4T
$13.2M 1.57%
137,661
+21,941
+19% +$2.45M
BRK.B icon
10
Berkshire Hathaway Class B
BRK.B
$1.1T
$12.2M 1.44%
45,588
+7,275
+19% +$2.07M
VTI icon
11
Vanguard Total Stock Market ETF
VTI
$653B
$12.1M 1.43%
67,353
+2,869
+4% +$572K
TSLA icon
12
Tesla
TSLA
$1.2T
$12.1M 1.43%
45,493
+10,339
+29% +$2.89M
AAVM
13
EA Series Trust Alpha Architect Global Factor Equity ETF
AAVM
$25M
$11.9M 1.41%
477,842
-14,902
-3% -$362K
UNH icon
14
UnitedHealth
UNH
$380B
$11.6M 1.37%
22,879
+3,684
+19% +$1.94M
JNJ icon
15
Johnson & Johnson
JNJ
$657B
$10.5M 1.24%
64,056
+10,330
+19% +$1.75M
XOM icon
16
ExxonMobil
XOM
$645B
$9.52M 1.13%
109,078
+17,078
+19% +$1.56M
META icon
17
Meta Platforms (Facebook)
META
$1.51T
$7.78M 0.92%
57,311
+9,008
+19% +$1.46M
JPM icon
18
JPMorgan Chase
JPM
$944B
$7.64M 0.91%
73,150
+11,575
+19% +$1.33M
PG icon
19
Procter & Gamble
PG
$354B
$7.49M 0.89%
59,352
+9,568
+19% +$1.36M
NVDA icon
20
NVIDIA
NVDA
$4.71T
$7.23M 0.86%
595,450
+104,050
+21% +$1.64M
HD icon
21
Home Depot
HD
$345B
$7.18M 0.85%
26,013
+4,109
+19% +$1.21M
CVX icon
22
Chevron
CVX
$381B
$6.76M 0.8%
47,047
+7,813
+20% +$1.19M
SHV icon
23
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
$6.49M 0.77%
59,017
– –
LLY icon
24
Eli Lilly
LLY
$1.09T
$6.3M 0.75%
19,491
+3,087
+19% +$978K
MA icon
25
Mastercard
MA
$493B
$6.05M 0.72%
21,296
+3,513
+20% +$1.16M
1
2 3 4 5

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AAP
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BCM
Basswood Capital Management New York $2.12B AUM 19.53% 1-Year Est. Return
GS
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SC
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NAAA
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IVAV
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GA
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Empirical Finance's Q3 2022 Portfolio in Review

As of Q3 2022, Empirical Finance held 502 positions worth $843M, up 7.5% from $785M the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Empirical Finance deployed $108M of net new capital in Q3 2022, opening 36 new positions and adding to 390 existing holdings. Its largest new stake was State Street SPDR Bloomberg 1-3 Month T-Bill ETF: 34,605 shares worth $3.17M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was Alpha Architect US Quantitative Value ETF, an estimated $7.39M trimmed.

  • Empirical Finance's largest Q3 2022 buy was State Street SPDR Bloomberg 1-3 Month T-Bill ETF: 34,605 shares worth $3.17M.
  • Empirical Finance added most to Apple in Q3 2022, an estimated $9.65M increase.
  • Empirical Finance's biggest Q3 2022 reduction was Alpha Architect US Quantitative Value ETF, cutting an estimated $7.39M.
  • Empirical Finance fully exited Vanguard Real Estate ETF in Q3 2022, selling an estimated $616K.
  • Empirical Finance's ten largest holdings make up 29% of its $843M portfolio in Q3 2022.
  • Empirical Finance opened 36 new positions and closed 22 in Q3 2022.
  • Empirical Finance's portfolio value rose 7.5% quarter-over-quarter to $843M.

Based on Empirical Finance's 13F filing for Q3 2022, filed 4 Nov 2022.