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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
-1.97%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$1.36B
AUM Growth
+$70.4M
Cap. Flow
+$110M
Cap. Flow %
8.08%
Top 10 Hldgs %
29.67%
Holding
522
New
13
Increased
450
Reduced
31
Closed
12

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$8.37M
2
MSFT icon
Microsoft
MSFT
+$8.11M
3
AMZN icon
Amazon
AMZN
+$4.53M
4
NVDA icon
NVIDIA
NVDA
+$3.97M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$2.69M

Top Sells

Rank Stock Value
1
DUDE
Merlyn.AI SectorSurfer Momentum ETF
DUDE
+$528K
2
MOOD icon
Relative Sentiment Tactical Allocation ETF
MOOD
+$520K
3
NEX
NexTier Oilfield Solutions Inc.
NEX
+$511K
4
CLF icon
Cleveland-Cliffs
CLF
+$464K
5
HUN icon
Huntsman Corp
HUN
+$417K

Sector Composition

Rank Sector Weight
1 Technology 24.76%
2 Healthcare 11.94%
3 Financials 9.83%
4 Consumer Discretionary 9.26%
5 Communication Services 8.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.94T
$90.5M 6.65%
528,517
+45,641
+9% +$8.37M
MSFT icon
2
Microsoft
MSFT
$2.92T
$79.4M 5.83%
251,386
+24,538
+11% +$8.11M
AMZN icon
3
Amazon
AMZN
$2.47T
$38.8M 2.85%
304,883
+33,827
+12% +$4.53M
NVDA icon
4
NVIDIA
NVDA
$4.72T
$36.8M 2.7%
845,140
+88,540
+12% +$3.97M
QVAL icon
5
Alpha Architect US Quantitative Value ETF
QVAL
$589M
$30.6M 2.25%
824,152
-3,407
-0.4% -$124K
GOOGL icon
6
Alphabet (Google) Class A
GOOGL
$3.99T
$27M 1.98%
206,393
+20,816
+11% +$2.69M
SGOV icon
7
iShares 0-3 Month Treasury Bond ETF
SGOV
$99.3B
$26.9M 1.98%
267,704
-111
-0% -$11.1K
IVAL icon
8
Alpha Architect International Quantitative Value ETF
IVAL
$218M
$25.9M 1.9%
1,096,884
-8,435
-0.8% -$206K
GOOG icon
9
Alphabet (Google) Class C
GOOG
$3.99T
$24.4M 1.79%
184,890
+15,084
+9% +$1.96M
META icon
10
Meta Platforms (Facebook)
META
$1.51T
$23.8M 1.74%
79,133
+6,826
+9% +$2.06M
IMOM icon
11
Alpha Architect International Quantitative Momentum ETF
IMOM
$147M
$18.6M 1.37%
760,090
-7,301
-1% -$186K
TSLA icon
12
Tesla
TSLA
$1.2T
$18.4M 1.35%
73,513
+9,400
+15% +$2.41M
BRK.B icon
13
Berkshire Hathaway Class B
BRK.B
$1.1T
$17.6M 1.29%
50,171
-832
-2% -$295K
XOM icon
14
ExxonMobil
XOM
$645B
$17.5M 1.29%
148,925
+11,992
+9% +$1.32M
QMOM icon
15
Alpha Architect US Quantitative Momentum ETF
QMOM
$414M
$17.5M 1.29%
405,791
-1,870
-0.5% -$84.8K
UNH icon
16
UnitedHealth
UNH
$380B
$16.3M 1.2%
32,342
+2,962
+10% +$1.46M
JPM icon
17
JPMorgan Chase
JPM
$944B
$14.8M 1.09%
102,357
+9,661
+10% +$1.45M
LLY icon
18
Eli Lilly
LLY
$1.09T
$14.8M 1.09%
27,538
+2,654
+11% +$1.37M
JNJ icon
19
Johnson & Johnson
JNJ
$656B
$13.9M 1.02%
89,051
+6,812
+8% +$1.12M
VTI icon
20
Vanguard Total Stock Market ETF
VTI
$653B
$12.9M 0.95%
60,643
+1
+0% +$221
PG icon
21
Procter & Gamble
PG
$354B
$12.1M 0.89%
83,142
+7,654
+10% +$1.17M
MA icon
22
Mastercard
MA
$493B
$11.7M 0.86%
29,535
+2,616
+10% +$1.05M
AVGO icon
23
Broadcom
AVGO
$1.8T
$11.7M 0.86%
140,290
+14,510
+12% +$1.26M
HD icon
24
Home Depot
HD
$345B
$10.9M 0.8%
35,969
+3,174
+10% +$1.02M
CVX icon
25
Chevron
CVX
$381B
$10.6M 0.78%
63,050
+5,128
+9% +$828K
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
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
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GA
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Empirical Finance's Q3 2023 Portfolio in Review

As of Q3 2023, Empirical Finance held 522 positions worth $1.36B, up 5.5% from $1.29B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Empirical Finance deployed $110M of net new capital in Q3 2023, opening 13 new positions and adding to 450 existing holdings. Its largest new stake was Palo Alto Networks: 6,636 shares worth $778K.

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

On the sell side, the largest reduction was Merlyn.AI SectorSurfer Momentum ETF, an estimated $528K trimmed.

  • Empirical Finance's largest Q3 2023 buy was Palo Alto Networks: 6,636 shares worth $778K.
  • Empirical Finance added most to Apple in Q3 2023, an estimated $8.37M increase.
  • Empirical Finance's biggest Q3 2023 reduction was Merlyn.AI SectorSurfer Momentum ETF, cutting an estimated $528K.
  • Empirical Finance fully exited NexTier Oilfield Solutions Inc. in Q3 2023, selling an estimated $511K.
  • Empirical Finance's ten largest holdings make up 30% of its $1.36B portfolio in Q3 2023.
  • Empirical Finance opened 13 new positions and closed 12 in Q3 2023.
  • Empirical Finance's portfolio value rose 5.5% quarter-over-quarter to $1.36B.

Based on Empirical Finance's 13F filing for Q3 2023, filed 2 Nov 2023.