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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
VNQI icon
51
Vanguard Global ex-US Real Estate ETF
VNQI
$3.51B
$19.2M 0.34%
418,381
+28,676
+7% +$1.36M
BRK.B icon
52
Berkshire Hathaway Class B
BRK.B
$1.11T
$18.9M 0.34%
37,653
+1,382
+4% +$688K
BNY
53
Bank of New York Mellon
BNY
$109B
$18.9M 0.34%
162,971
+7,452
+5% +$825K
EFG icon
54
iShares MSCI EAFE Growth ETF
EFG
$17.3B
$18.6M 0.33%
163,118
+1,251
+0.8% +$143K
NULV icon
55
Nuveen ESG Large-Cap Value ETF
NULV
$2.29B
$18.4M 0.33%
409,247
+6,745
+2% +$301K
STIP icon
56
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
$17.8M 0.32%
173,830
+653
+0.4% +$67.2K
CMI icon
57
Cummins
CMI
$87.3B
$17.4M 0.31%
34,158
-1,114
-3% -$521K
JNJ icon
58
Johnson & Johnson
JNJ
$626B
$17.4M 0.31%
84,003
+10,596
+14% +$2.1M
QQQ icon
59
Invesco QQQ Trust
QQQ
$478B
$17.2M 0.31%
28,078
+1,203
+4% +$738K
VV icon
60
Vanguard Morningstar Large-Cap ETF
VV
$54.4B
$16.8M 0.3%
53,246
-1,132
-2% -$353K
MGV icon
61
Vanguard Morningstar Mega Cap Value ETF
MGV
$13.6B
$16.7M 0.3%
118,512
+5,342
+5% +$743K
VOO icon
62
Vanguard S&P 500 ETF
VOO
$1.03T
$16.6M 0.29%
26,405
+622
+2% +$387K
FEM icon
63
First Trust Emerging Markets AlphaDEX Fund
FEM
$780M
$16.6M 0.29%
605,433
+3,711
+0.6% +$100K
OZ icon
64
Belpointe PREP
OZ
$187M
$16.1M 0.29%
248,081
-699
-0.3% -$44K
LLY icon
65
Eli Lilly
LLY
$1.08T
$16M 0.28%
14,879
+291
+2% +$278K
IBM icon
66
IBM
IBM
$225B
$15.9M 0.28%
53,798
-152
-0.3% -$45.5K
VWO icon
67
Vanguard FTSE Emerging Markets ETF
VWO
$125B
$15.7M 0.28%
292,666
-1,563
-0.5% -$84.9K
SCHE icon
68
Schwab Emerging Markets Equity ETF
SCHE
$12.8B
$15.3M 0.27%
467,279
-254,286
-35% -$8.48M
IJR icon
69
iShares Core S&P Small-Cap ETF
IJR
$112B
$15.2M 0.27%
126,408
+14,463
+13% +$1.73M
IVV icon
70
iShares Core S&P 500 ETF
IVV
$902B
$14.8M 0.26%
21,634
+69
+0.3% +$46.9K
SCHA icon
71
Schwab U.S Small- Cap ETF
SCHA
$23.1B
$14.6M 0.26%
513,395
+51,455
+11% +$1.45M
HYMB icon
72
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.36B
$14.6M 0.26%
585,312
+8,436
+1% +$211K
PM icon
73
Philip Morris
PM
$290B
$14.1M 0.25%
87,615
-2,541
-3% -$394K
VB icon
74
Vanguard Morningstar Small-Cap ETF
VB
$82.8B
$13.9M 0.25%
53,725
-1,872
-3% -$480K
ADP icon
75
Automatic Data Processing
ADP
$108B
$13M 0.23%
50,376
-11,854
-19% -$3.16M
1 2
3
4 5

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AMH
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CF
Cantor Fitzgerald New York $6.78B AUM 28.97% 1-Year Est. Return
JCAM
Jericho Capital Asset Management New York $6.76B AUM 88.1% 1-Year Est. Return
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.