Empowered Funds Portfolio holdings
Empowered Funds, which does business as ETF Architect, offers a ready-made ETF platform for fund managers, advisers and family offices, and runs its own ETFs on the same platform. Its specialty is tax-free exchanges, which it has used to move managed accounts, hedge funds and mutual funds into ETFs. The firm began operating as an investment adviser in 2014 and is wholly owned by Alpha Architect, which was founded by Wesley Gray, a former finance professor at Drexel University.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$264M |
| 2 |
NVIDIA
NVDA
|
+$64.6M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$57.4M |
| 4 |
iShares Core S&P Total US Stock Market ETF
ITOT
|
+$56M |
| 5 |
Citigroup
C
|
+$53.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$41M |
| 2 |
iShares Global 100 ETF
IOO
|
+$28.4M |
| 3 |
Parker-Hannifin
PH
|
+$27.2M |
| 4 |
GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF
COMB
|
+$26.4M |
| 5 |
Kratos Defense & Security Solutions
KTOS
|
+$25.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.19% |
| 2 | Financials | 12.41% |
| 3 | Consumer Discretionary | 10.11% |
| 4 | Miscellaneous | 10.04% |
| 5 | Industrials | 9.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
251
HF Sinclair
DINO
$19.7B
| $16.3M | 0.09% |
234,186
+32,129
| +16% | +$2.14M |
2026 Q1
1 quarter
|
|
252
Union Pacific
UNP
$181B
| $16.3M | 0.09% |
59,904
-10,023
| -14% | -$2.63M |
2026 Q1
1 quarter
|
|
253
Talos Energy
TALO
$3.04B
| $16.3M | 0.09% |
1,261,052
+108,458
| +9% | +$1.62M |
2023 Q2
12 quarters
|
|
254
Toll Brothers
TOL
$13.4B
| $16.2M | 0.09% |
98,473
-86,640
| -47% | -$12.3M |
2026 Q1
1 quarter
|
|
255
Vanguard Morningstar Value ETF
VTV
$194B
| $16.2M | 0.09% |
74,194
+19,110
| +35% | +$3.99M |
2026 Q1
1 quarter
|
|
256
AXIS Capital
AXS
$7.52B
| $16.1M | 0.08% |
+149,596
| New | +$15M |
2026 Q2
0 quarters
|
|
257
Hamilton Insurance Group
HG
$3.46B
| $16.1M | 0.08% |
473,321
+16,885
| +4% | +$529K |
2024 Q4
6 quarters
|
|
258
Bankunited
BKU
$3.06B
| $16.1M | 0.08% |
331,287
+13,251
| +4% | +$623K |
2023 Q2
12 quarters
|
|
259
Western Midstream Partners
WES
$19.2B
| $15.9M | 0.08% |
362,716
-110,273
| -23% | -$4.75M |
2026 Q1
1 quarter
|
|
260
First Financial Bancorp
FFBC
$3.4B
| $15.7M | 0.08% |
464,525
+27,721
| +6% | +$847K |
2026 Q1
1 quarter
|
|
261
Deere & Co
DE
$182B
| $15.6M | 0.08% |
24,650
-3,151
| -11% | -$1.83M |
2026 Q1
1 quarter
|
|
262
Masco
MAS
$15.5B
| $15.6M | 0.08% |
192,088
-21,269
| -10% | -$1.48M |
2026 Q1
1 quarter
|
|
263
Scorpio Tankers
STNG
$4.73B
| $15.5M | 0.08% |
224,501
-16,044
| -7% | -$1.25M |
2024 Q4
6 quarters
|
|
|
ATKR
264
DELISTED
Atkore
ATKR
| $15.5M | 0.08% |
204,012
+70,496
| +53% | +$5.31M |
2026 Q1
1 quarter
|
|
265
Phinia Inc
PHIN
$2.26B
| $15.5M | 0.08% |
187,685
+3,317
| +2% | +$254K |
2024 Q3
7 quarters
|
|
266
Range Resources
RRC
$12.8B
| $15.4M | 0.08% |
413,474
+98,381
| +31% | +$4M |
2022 Q3
15 quarters
|
|
267
State Street
STT
$46.2B
| $15.2M | 0.08% |
90,136
+1,458
| +2% | +$225K |
2026 Q1
1 quarter
|
|
268
Cognizant
CTSH
$29.1B
| $15.2M | 0.08% |
391,342
-58,560
| -13% | -$3.08M |
2026 Q1
1 quarter
|
|
269
Permian Resources
PR
$21.8B
| $15.1M | 0.08% |
818,528
+116,514
| +17% | +$2.34M |
2024 Q3
7 quarters
|
|
270
Abbott
ABT
$184B
| $15.1M | 0.08% |
166,065
-91,696
| -36% | -$8.37M |
2026 Q1
1 quarter
|
|
271
National Energy Services Reunited Corp
NESR
$2.15B
| $15.1M | 0.08% |
503,157
+12,148
| +2% | +$301K |
2025 Q2
4 quarters
|
|
272
Renasant Corp
RNST
$3.6B
| $15.1M | 0.08% |
353,798
+25,341
| +8% | +$1.02M |
2026 Q1
1 quarter
|
|
273
Visteon
VC
$1.81B
| $15M | 0.08% |
151,610
-21,326
| -12% | -$2.33M |
2025 Q2
4 quarters
|
|
274
PBF Energy
PBF
$9.25B
| $15M | 0.08% |
330,353
-25,467
| -7% | -$1.06M |
2023 Q1
13 quarters
|
|
275
Cambria Emerging Shareholder Yield ETF
EYLD
$890M
| $15M | 0.08% |
330,870
+6,358
| +2% | +$289K |
2026 Q1
1 quarter
|
|
Similar funds
Empowered Funds's Q2 2026 Portfolio in Review
As of Q2 2026, Empowered Funds held 2,320 positions worth $19B, up 21% from $15.7B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Empowered Funds deployed $1.12B of net new capital in Q2 2026, opening 218 new positions and adding to 1,053 existing holdings. Its largest new stake was Invesco QQQ Trust: 83,446 shares worth $61.4M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 21% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Microsoft, an estimated $41M trimmed.
- Empowered Funds's largest Q2 2026 buy was Invesco QQQ Trust: 83,446 shares worth $61.4M.
- Empowered Funds added most to TSMC in Q2 2026, an estimated $264M increase.
- Empowered Funds's biggest Q2 2026 reduction was Microsoft, cutting an estimated $41M.
- Empowered Funds fully exited GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF in Q2 2026, selling an estimated $26.4M.
- Empowered Funds's ten largest holdings make up 17% of its $19B portfolio in Q2 2026.
- Empowered Funds opened 218 new positions and closed 208 in Q2 2026.
- Empowered Funds's portfolio value rose 21% quarter-over-quarter to $19B.
Based on Empowered Funds's 13F filing for Q2 2026, filed 17 Aug 2026.