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EWM

Empirical Wealth Management Portfolio holdings

AUM $6.85B
1-Year Est. Return 30.02%
This Fund
S&P 500
This Quarter Est. Return
+2.15%
1 Year Est. Return
+30.02%
3 Year Est. Return
+78.84%
5 Year Est. Return
+77.47%
10 Year Est. Return
+164.63%
AUM
$5.61B
AUM Growth
+$616M
Cap. Flow
+$527M
Cap. Flow %
9.39%
Top 10 Hldgs %
39.49%
Holding
989
New
194
Increased
387
Reduced
260
Closed
93

Top Buys

Rank Stock Value
1
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$153M
2
IQLT icon
iShares MSCI Intl Quality Factor ETF
IQLT
+$133M
3
NVDA icon
NVIDIA
NVDA
+$47.1M
4
QGRW icon
WisdomTree US Quality Growth Fund
QGRW
+$42M
5
VTIP icon
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
+$17.6M

Top Sells

Rank Stock Value
1
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$14.2M
2
SCHE icon
Schwab Emerging Markets Equity ETF
SCHE
+$8.48M
3
BSCP
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
+$3.37M
4
ADP icon
Automatic Data Processing
ADP
+$3.16M
5
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$2.76M

Sector Composition

Rank Sector Weight
1 Technology 16.62%
2 Financials 3.7%
3 Consumer Discretionary 3.28%
4 Communication Services 3.23%
5 Industrials 2.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XLK icon
226
State Street Technology Select Sector SPDR ETF
XLK
$122B
$2.4M 0.04%
16,650
-520
-3% -$75.1K
UNH icon
227
UnitedHealth
UNH
$365B
$2.37M 0.04%
7,183
-989
-12% -$335K
VZ icon
228
Verizon
VZ
$196B
$2.36M 0.04%
57,896
+9,251
+19% +$375K
IDV icon
229
iShares International Select Dividend ETF
IDV
$8.52B
$2.36M 0.04%
59,721
-1,533
-3% -$58.1K
HON icon
230
Honeywell
HON
$72.9B
$2.35M 0.04%
12,068
-1,529
-11% -$299K
BKNG icon
231
Booking.com
BKNG
$160B
$2.33M 0.04%
10,875
-2,325
-18% -$478K
FTNT icon
232
Fortinet
FTNT
$119B
$2.33M 0.04%
29,291
+417
+1% +$34.6K
GD icon
233
General Dynamics
GD
$106B
$2.31M 0.04%
6,855
+838
+14% +$286K
EFA icon
234
iShares MSCI EAFE ETF
EFA
$79.9B
$2.3M 0.04%
23,957
+5,178
+28% +$491K
LOAR icon
235
Loar Holdings
LOAR
$6.83B
$2.29M 0.04%
33,703
– –
SANM icon
236
Sanmina
SANM
$10.9B
$2.26M 0.04%
15,031
+146
+1% +$21.6K
CMF icon
237
iShares California Muni Bond ETF
CMF
$4.62B
$2.25M 0.04%
39,244
+5,173
+15% +$297K
BSX icon
238
Boston Scientific
BSX
$74.2B
$2.24M 0.04%
23,460
-5,843
-20% -$573K
NTB icon
239
Bank of N.T. Butterfield & Son
NTB
$2.49B
$2.23M 0.04%
44,757
+6,992
+19% +$322K
CRM icon
240
Salesforce
CRM
$162B
$2.18M 0.04%
8,246
-2,624
-24% -$652K
SUSB icon
241
iShares ESG Aware 1-5 Year USD Corporate Bond ETF
SUSB
$1.3B
$2.16M 0.04%
85,521
+1,224
+1% +$30.9K
SCHD icon
242
Schwab US Dividend Equity ETF
SCHD
$107B
$2.13M 0.04%
77,726
-18,345
-19% -$499K
ALL icon
243
Allstate
ALL
$66.3B
$2.11M 0.04%
10,131
+5
+0% +$1.02K
NTCT icon
244
NETSCOUT
NTCT
$2.81B
$2.1M 0.04%
77,517
+3,144
+4% +$85K
WMB icon
245
Williams Companies
WMB
$88.4B
$2.09M 0.04%
34,806
-366
-1% -$22.1K
PBP icon
246
Invesco S&P 500 BuyWrite ETF
PBP
$362M
$2.06M 0.04%
90,434
-1,690
-2% -$38.2K
AFL icon
247
Aflac
AFL
$60.7B
$2.02M 0.04%
18,305
-1,994
-10% -$220K
CCL icon
248
Carnival Corporation Ltd
CCL
$38B
$1.97M 0.04%
64,384
+19,722
+44% +$550K
IJH icon
249
iShares Core S&P Mid-Cap ETF
IJH
$127B
$1.96M 0.03%
29,710
+3,171
+12% +$208K
EW icon
250
Edwards Lifesciences
EW
$54B
$1.93M 0.03%
22,586
+512
+2% +$42K
8 9
10
11 12

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AMH
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CF
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JCAM
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CIMLRA
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PFA
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SPC
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SPS
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Empirical Wealth Management's Q4 2025 Portfolio in Review

As of Q4 2025, Empirical Wealth Management held 989 positions worth $5.61B, up 12% from $5B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Empirical Wealth Management deployed $527M of net new capital in Q4 2025, opening 194 new positions and adding to 387 existing holdings. Its largest new stake was Scharf ETF: 119,254 shares worth $6.56M.

By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 17% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was iShares MSCI USA Momentum Factor ETF, an estimated $14.2M trimmed.

  • Empirical Wealth Management's largest Q4 2025 buy was Scharf ETF: 119,254 shares worth $6.56M.
  • Empirical Wealth Management added most to iShares MSCI USA Quality Factor ETF in Q4 2025, an estimated $153M increase.
  • Empirical Wealth Management's biggest Q4 2025 reduction was iShares MSCI USA Momentum Factor ETF, cutting an estimated $14.2M.
  • Empirical Wealth Management fully exited Invesco BulletShares 2025 Corporate Bond ETF in Q4 2025, selling an estimated $3.37M.
  • Empirical Wealth Management's ten largest holdings make up 39% of its $5.61B portfolio in Q4 2025.
  • Empirical Wealth Management opened 194 new positions and closed 93 in Q4 2025.
  • Empirical Wealth Management's portfolio value rose 12% quarter-over-quarter to $5.61B.

Based on Empirical Wealth Management's 13F filing for Q4 2025, filed 16 Jan 2026.