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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
+5.5%
1 Year Est. Return
+29.56%
3 Year Est. Return
+97.59%
5 Year Est. Return
+123.59%
10 Year Est. Return
–
AUM
$1.6B
AUM Growth
-$28.6M
Cap. Flow
-$86.3M
Cap. Flow %
-5.39%
Top 10 Hldgs %
35.61%
Holding
527
New
13
Increased
48
Reduced
427
Closed
25

Top Buys

Rank Stock Value
1
CAOS icon
Alpha Architect Tail Risk ETF
CAOS
+$2.27M
2
GEV icon
GE Vernova
GEV
+$1.33M
3
ANF icon
Abercrombie & Fitch
ANF
+$678K
4
CROX icon
Crocs
CROX
+$653K
5
PVH icon
PVH
PVH
+$652K

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$7.77M
2
PXD
Pioneer Natural Resource Co.
PXD
+$2.62M
3
MSFT icon
Microsoft
MSFT
+$2.35M
4
NVDA icon
NVIDIA
NVDA
+$2.16M
5
GE icon
GE Aerospace
GE
+$1.98M

Sector Composition

Rank Sector Weight
1 Technology 31.07%
2 Healthcare 11.23%
3 Financials 10.16%
4 Communication Services 9.75%
5 Consumer Discretionary 9.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.96T
$115M 7.17%
256,640
-5,554
-2% -$2.35M
AAPL icon
2
Apple
AAPL
$4.99T
$107M 6.66%
505,866
-41,646
-8% -$7.77M
NVDA icon
3
NVIDIA
NVDA
$4.78T
$106M 6.64%
860,719
-21,351
-2% -$2.16M
AMZN icon
4
Amazon
AMZN
$2.49T
$61.1M 3.82%
316,288
-2,379
-0.7% -$437K
META icon
5
Meta Platforms (Facebook)
META
$1.51T
$39.9M 2.49%
79,044
-2,948
-4% -$1.43M
GOOGL icon
6
Alphabet (Google) Class A
GOOGL
$4.08T
$38.1M 2.38%
209,151
-5,273
-2% -$889K
GOOG icon
7
Alphabet (Google) Class C
GOOG
$4.07T
$33.3M 2.08%
181,663
-8,544
-4% -$1.45M
LLY icon
8
Eli Lilly
LLY
$1.09T
$24.4M 1.52%
26,896
-1,780
-6% -$1.42M
QVAL icon
9
Alpha Architect US Quantitative Value ETF
QVAL
$589M
$23.3M 1.46%
544,489
-4,630
-0.8% -$202K
AVGO icon
10
Broadcom
AVGO
$1.82T
$22.4M 1.4%
139,450
-7,830
-5% -$1.1M
JPM icon
11
JPMorgan Chase
JPM
$946B
$20M 1.25%
99,123
-7,244
-7% -$1.42M
BRK.B icon
12
Berkshire Hathaway Class B
BRK.B
$1.1T
$19.5M 1.22%
47,930
-3,814
-7% -$1.56M
XOM icon
13
ExxonMobil
XOM
$632B
$18.2M 1.13%
157,800
+5,199
+3% +$606K
UNH icon
14
UnitedHealth
UNH
$388B
$16.1M 1%
31,531
-2,064
-6% -$1.01M
TSLA icon
15
Tesla
TSLA
$1.21T
$15.5M 0.97%
78,308
+78
+0.1% +$13.6K
VTI icon
16
Vanguard Total Stock Market ETF
VTI
$657B
$14.8M 0.93%
55,374
– –
IVAL icon
17
Alpha Architect International Quantitative Value ETF
IVAL
$219M
$13.8M 0.86%
553,755
-36,044
-6% -$939K
PG icon
18
Procter & Gamble
PG
$352B
$13.3M 0.83%
80,562
-5,945
-7% -$972K
COST icon
19
Costco
COST
$431B
$12.7M 0.79%
14,934
-1,034
-6% -$807K
MA icon
20
Mastercard
MA
$496B
$12.5M 0.78%
28,386
-2,242
-7% -$1.02M
JNJ icon
21
Johnson & Johnson
JNJ
$648B
$12.2M 0.77%
83,780
-7,950
-9% -$1.18M
QMOM icon
22
Alpha Architect US Quantitative Momentum ETF
QMOM
$414M
$11.9M 0.75%
205,003
-3,767
-2% -$219K
HD icon
23
Home Depot
HD
$344B
$11.8M 0.74%
34,383
-2,744
-7% -$936K
V icon
24
Visa
V
$701B
$11.1M 0.69%
42,273
-3,451
-8% -$946K
MRK icon
25
Merck
MRK
$326B
$10.7M 0.67%
86,174
-5,755
-6% -$741K
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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Empirical Finance's Q2 2024 Portfolio in Review

As of Q2 2024, Empirical Finance held 527 positions worth $1.6B, down 1.8% from $1.63B the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Empirical Finance withdrew a net $86.3M in Q2 2024, closing 25 positions and reducing 427 holdings. Its most notable exit was Pioneer Natural Resource Co., an estimated $2.62M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 28% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Empirical Finance opened a new position in GE Vernova worth $1.44M.

  • Empirical Finance's largest Q2 2024 buy was GE Vernova: 8,383 shares worth $1.44M.
  • Empirical Finance added most to Alpha Architect Tail Risk ETF in Q2 2024, an estimated $2.27M increase.
  • Empirical Finance's biggest Q2 2024 reduction was Apple, cutting an estimated $7.77M.
  • Empirical Finance fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $2.62M.
  • Empirical Finance's ten largest holdings make up 36% of its $1.6B portfolio in Q2 2024.
  • Empirical Finance opened 13 new positions and closed 25 in Q2 2024.
  • Empirical Finance's portfolio value fell 1.8% quarter-over-quarter to $1.6B.

Based on Empirical Finance's 13F filing for Q2 2024, filed 30 Jul 2024.