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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
+8.9%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$1.29B
AUM Growth
+$223M
Cap. Flow
+$138M
Cap. Flow %
10.66%
Top 10 Hldgs %
29.72%
Holding
530
New
34
Increased
411
Reduced
50
Closed
21

Top Buys

Rank Stock Value
1
SGOV icon
iShares 0-3 Month Treasury Bond ETF
SGOV
+$26.4M
2
AAPL icon
Apple
AAPL
+$8.86M
3
MSFT icon
Microsoft
MSFT
+$8.07M
4
AMZN icon
Amazon
AMZN
+$3.55M
5
IMOM icon
Alpha Architect International Quantitative Momentum ETF
IMOM
+$3.47M

Top Sells

Rank Stock Value
1
QMOM icon
Alpha Architect US Quantitative Momentum ETF
QMOM
+$2.14M
2
QVAL icon
Alpha Architect US Quantitative Value ETF
QVAL
+$1.9M
3
PHM icon
Pultegroup
PHM
+$668K
4
TEX icon
Terex
TEX
+$645K
5
BLDR icon
Builders FirstSource
BLDR
+$643K

Sector Composition

Rank Sector Weight
1 Technology 24.97%
2 Healthcare 11.78%
3 Financials 9.68%
4 Consumer Discretionary 9.3%
5 Communication Services 7.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.99T
$93.7M 7.25%
482,876
+50,870
+12% +$8.86M
MSFT icon
2
Microsoft
MSFT
$2.96T
$77.3M 5.98%
226,848
+25,754
+13% +$8.07M
AMZN icon
3
Amazon
AMZN
$2.49T
$35.3M 2.74%
271,056
+31,130
+13% +$3.55M
NVDA icon
4
NVIDIA
NVDA
$4.78T
$32M 2.48%
756,600
+78,430
+12% +$2.6M
QVAL icon
5
Alpha Architect US Quantitative Value ETF
QVAL
$589M
$28.6M 2.22%
827,559
-57,281
-6% -$1.9M
SGOV icon
6
iShares 0-3 Month Treasury Bond ETF
SGOV
$99.3B
$27M 2.09%
267,815
+262,694
+5,130% +$26.4M
IVAL icon
7
Alpha Architect International Quantitative Value ETF
IVAL
$219M
$26.3M 2.04%
1,105,319
+75,478
+7% +$1.76M
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4.08T
$22.2M 1.72%
185,577
+19,521
+12% +$2.25M
META icon
9
Meta Platforms (Facebook)
META
$1.51T
$20.8M 1.61%
72,307
+7,455
+11% +$1.84M
GOOG icon
10
Alphabet (Google) Class C
GOOG
$4.07T
$20.5M 1.59%
169,806
+16,298
+11% +$1.89M
IMOM icon
11
Alpha Architect International Quantitative Momentum ETF
IMOM
$148M
$19.8M 1.53%
767,391
+132,884
+21% +$3.47M
QMOM icon
12
Alpha Architect US Quantitative Momentum ETF
QMOM
$414M
$18.9M 1.47%
407,661
-48,140
-11% -$2.14M
BRK.B icon
13
Berkshire Hathaway Class B
BRK.B
$1.1T
$17.4M 1.35%
51,003
-125
-0.2% -$40.8K
TSLA icon
14
Tesla
TSLA
$1.21T
$16.8M 1.3%
64,113
+8,757
+16% +$1.75M
XOM icon
15
ExxonMobil
XOM
$632B
$14.7M 1.14%
136,933
+14,336
+12% +$1.56M
UNH icon
16
UnitedHealth
UNH
$388B
$14.1M 1.09%
29,380
+3,238
+12% +$1.58M
JNJ icon
17
Johnson & Johnson
JNJ
$648B
$13.6M 1.05%
82,239
+8,869
+12% +$1.43M
JPM icon
18
JPMorgan Chase
JPM
$946B
$13.5M 1.04%
92,696
+9,736
+12% +$1.34M
VTI icon
19
Vanguard Total Stock Market ETF
VTI
$657B
$13.4M 1.03%
60,642
-621
-1% -$130K
LLY icon
20
Eli Lilly
LLY
$1.09T
$11.7M 0.9%
24,884
+2,735
+12% +$1.15M
PG icon
21
Procter & Gamble
PG
$352B
$11.5M 0.89%
75,488
+7,967
+12% +$1.2M
AVGO icon
22
Broadcom
AVGO
$1.82T
$10.9M 0.85%
125,780
+14,030
+13% +$1M
MA icon
23
Mastercard
MA
$496B
$10.6M 0.82%
26,919
+2,849
+12% +$1.07M
HD icon
24
Home Depot
HD
$344B
$10.2M 0.79%
32,795
+3,470
+12% +$1.03M
AAVM
25
EA Series Trust Alpha Architect Global Factor Equity ETF
AAVM
$25M
$9.46M 0.73%
416,871
-22,741
-5% -$512K
1
2 3 4 5

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GHA
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AAP
Aristotle Atlantic Partners Sarasota, Florida $2.14B AUM 37.01% 1-Year Est. Return
BCM
Basswood Capital Management New York $2.12B AUM 19.53% 1-Year Est. Return
GS
Gilead Sciences Foster City, California $2.12B AUM 143.53% 1-Year Est. Return
SC
SouthState Corp Winter Haven, Florida $2.14B AUM 18.39% 1-Year Est. Return
NAAA
New Age Alpha Advisors Rye, New York $2.15B AUM 27.2% 1-Year Est. Return
IVAV
Index Venture Associates VI St. Helier, Channel Islands, Jersey $2.11B AUM 13.76% 1-Year Est. Return
GA
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Empirical Finance's Q2 2023 Portfolio in Review

As of Q2 2023, Empirical Finance held 530 positions worth $1.29B, up 21% from $1.07B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Empirical Finance deployed $138M of net new capital in Q2 2023, opening 34 new positions and adding to 411 existing holdings. Its largest new stake was EQT Corp: 18,578 shares worth $764K.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 23% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was Alpha Architect US Quantitative Momentum ETF, an estimated $2.14M trimmed.

  • Empirical Finance's largest Q2 2023 buy was EQT Corp: 18,578 shares worth $764K.
  • Empirical Finance added most to iShares 0-3 Month Treasury Bond ETF in Q2 2023, an estimated $26.4M increase.
  • Empirical Finance's biggest Q2 2023 reduction was Alpha Architect US Quantitative Momentum ETF, cutting an estimated $2.14M.
  • Empirical Finance fully exited Terex in Q2 2023, selling an estimated $645K.
  • Empirical Finance's ten largest holdings make up 30% of its $1.29B portfolio in Q2 2023.
  • Empirical Finance opened 34 new positions and closed 21 in Q2 2023.
  • Empirical Finance's portfolio value rose 21% quarter-over-quarter to $1.29B.

Based on Empirical Finance's 13F filing for Q2 2023, filed 27 Jul 2023.