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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
+9.74%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$1.07B
AUM Growth
+$102M
Cap. Flow
+$36.1M
Cap. Flow %
3.38%
Top 10 Hldgs %
27.86%
Holding
507
New
14
Increased
406
Reduced
26
Closed
11

Top Buys

Rank Stock Value
1
PTIN icon
Pacer Trendpilot International ETF
PTIN
+$5.61M
2
VXUS icon
Vanguard Total International Stock ETF
VXUS
+$3.38M
3
PTNQ icon
Pacer Trendpilot 100 ETF
PTNQ
+$2.89M
4
AAPL icon
Apple
AAPL
+$2.65M
5
MSFT icon
Microsoft
MSFT
+$2.46M

Top Sells

Rank Stock Value
1
SHV icon
iShares 0-1 Year Treasury Bond ETF
SHV
+$12.9M
2
NTSX icon
WisdomTree US Efficient Core Fund
NTSX
+$1.6M
3
QVAL icon
Alpha Architect US Quantitative Value ETF
QVAL
+$1.1M
4
QMOM icon
Alpha Architect US Quantitative Momentum ETF
QMOM
+$838K
5
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
+$658K

Sector Composition

Rank Sector Weight
1 Technology 23.1%
2 Healthcare 12.45%
3 Financials 10.1%
4 Consumer Discretionary 9.07%
5 Industrials 7.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.93T
$71.2M 6.67%
432,006
+17,950
+4% +$2.65M
MSFT icon
2
Microsoft
MSFT
$2.92T
$58M 5.43%
201,094
+9,638
+5% +$2.46M
QVAL icon
3
Alpha Architect US Quantitative Value ETF
QVAL
$589M
$29.9M 2.8%
884,840
-32,021
-3% -$1.1M
AMZN icon
4
Amazon
AMZN
$2.47T
$24.8M 2.32%
239,926
+9,940
+4% +$960K
IVAL icon
5
Alpha Architect International Quantitative Value ETF
IVAL
$218M
$24.2M 2.26%
1,029,841
+6,463
+0.6% +$150K
QMOM icon
6
Alpha Architect US Quantitative Momentum ETF
QMOM
$414M
$20.5M 1.92%
455,801
-18,470
-4% -$838K
NVDA icon
7
NVIDIA
NVDA
$4.72T
$18.8M 1.76%
678,170
+29,540
+5% +$639K
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4T
$17.2M 1.61%
166,056
+7,703
+5% +$739K
IMOM icon
9
Alpha Architect International Quantitative Momentum ETF
IMOM
$147M
$16.8M 1.57%
634,507
-13,986
-2% -$360K
GOOG icon
10
Alphabet (Google) Class C
GOOG
$3.99T
$16M 1.5%
153,508
+5,937
+4% +$573K
BRK.B icon
11
Berkshire Hathaway Class B
BRK.B
$1.1T
$15.8M 1.48%
51,128
+2,084
+4% +$642K
META icon
12
Meta Platforms (Facebook)
META
$1.51T
$13.7M 1.29%
64,852
+2,553
+4% +$435K
XOM icon
13
ExxonMobil
XOM
$645B
$13.4M 1.26%
122,597
+5,194
+4% +$575K
VTI icon
14
Vanguard Total Stock Market ETF
VTI
$653B
$12.5M 1.17%
61,263
-4
-0% -$801
UNH icon
15
UnitedHealth
UNH
$380B
$12.4M 1.16%
26,142
+1,356
+5% +$654K
TSLA icon
16
Tesla
TSLA
$1.2T
$11.5M 1.08%
55,356
+5,591
+11% +$975K
JNJ icon
17
Johnson & Johnson
JNJ
$656B
$11.4M 1.07%
73,370
+4,007
+6% +$647K
JPM icon
18
JPMorgan Chase
JPM
$944B
$10.8M 1.01%
82,960
+3,829
+5% +$525K
AAVM
19
EA Series Trust Alpha Architect Global Factor Equity ETF
AAVM
$25M
$10.2M 0.95%
439,612
+8,774
+2% +$209K
PG icon
20
Procter & Gamble
PG
$354B
$10M 0.94%
67,521
+3,456
+5% +$494K
MA icon
21
Mastercard
MA
$493B
$8.75M 0.82%
24,070
+1,078
+5% +$392K
HD icon
22
Home Depot
HD
$345B
$8.65M 0.81%
29,325
+1,290
+5% +$396K
CVX icon
23
Chevron
CVX
$381B
$8.46M 0.79%
51,865
+2,104
+4% +$353K
ABBV icon
24
AbbVie
ABBV
$468B
$7.82M 0.73%
49,094
+2,917
+6% +$446K
LLY icon
25
Eli Lilly
LLY
$1.09T
$7.61M 0.71%
22,149
+1,114
+5% +$376K
1
2 3 4 5

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AAP
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BCM
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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 Q1 2023 Portfolio in Review

As of Q1 2023, Empirical Finance held 507 positions worth $1.07B, up 11% from $966M the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Empirical Finance deployed $36.1M of net new capital in Q1 2023, opening 14 new positions and adding to 406 existing holdings. Its largest new stake was Pacer Trendpilot 100 ETF: 56,375 shares worth $3.09M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was WisdomTree US Efficient Core Fund, an estimated $1.6M trimmed.

  • Empirical Finance's largest Q1 2023 buy was Pacer Trendpilot 100 ETF: 56,375 shares worth $3.09M.
  • Empirical Finance added most to Pacer Trendpilot International ETF in Q1 2023, an estimated $5.61M increase.
  • Empirical Finance's biggest Q1 2023 reduction was WisdomTree US Efficient Core Fund, cutting an estimated $1.6M.
  • Empirical Finance fully exited iShares 0-1 Year Treasury Bond ETF in Q1 2023, selling an estimated $12.9M.
  • Empirical Finance's ten largest holdings make up 28% of its $1.07B portfolio in Q1 2023.
  • Empirical Finance opened 14 new positions and closed 11 in Q1 2023.
  • Empirical Finance's portfolio value rose 11% quarter-over-quarter to $1.07B.

Based on Empirical Finance's 13F filing for Q1 2023, filed 5 Apr 2023.