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 | |
|---|---|---|---|---|---|---|---|
276
Astera Labs
ALAB
$44.9B
| $14.9M | 0.08% |
30,853
+21,247
| +221% | +$5.64M |
2024 Q4
6 quarters
|
|
277
Veeva Systems
VEEV
$50.7B
| $14.8M | 0.08% |
83,652
+20,010
| +31% | +$3.3M |
2026 Q1
1 quarter
|
|
278
Exelixis
EXEL
$16.9B
| $14.8M | 0.08% |
272,490
-63,116
| -19% | -$3.07M |
2024 Q4
6 quarters
|
|
279
NETSCOUT
NTCT
$2.79B
| $14.8M | 0.08% |
340,099
-50,424
| -13% | -$1.9M |
2025 Q3
3 quarters
|
|
280
CRH
CRH
$60.4B
| $14.7M | 0.08% |
137,678
+11,023
| +9% | +$1.21M |
2023 Q4
10 quarters
|
|
281
Ezcorp Inc
EZPW
$1.73B
| $14.7M | 0.08% |
426,045
-31,816
| -7% | -$1M |
2026 Q1
1 quarter
|
|
282
Best Buy
BBY
$20.1B
| $14.7M | 0.08% |
193,778
-3,239
| -2% | -$215K |
2026 Q1
1 quarter
|
|
283
Helmerich & Payne
HP
$4.3B
| $14.7M | 0.08% |
448,947
-25,805
| -5% | -$966K |
2026 Q1
1 quarter
|
|
284
Signet Jewelers
SIG
$4.51B
| $14.7M | 0.08% |
170,028
+13,228
| +8% | +$1.14M |
2023 Q2
12 quarters
|
|
285
ProPetro Holding
PUMP
$950M
| $14.5M | 0.08% |
1,014,148
-115,873
| -10% | -$1.8M |
2023 Q3
11 quarters
|
|
286
Grupo Aeroportuario del Pacifico
PAC
$13.7B
| $14.5M | 0.08% |
57,363
-17,244
| -23% | -$4.24M |
2026 Q1
1 quarter
|
|
287
First Busey Corp
BUSE
$2.38B
| $14.5M | 0.08% |
491,199
+15,652
| +3% | +$424K |
2026 Q1
1 quarter
|
|
288
Generac Holdings
GNRC
$11.7B
| $14.5M | 0.08% |
49,433
+26,806
| +118% | +$6.71M |
2026 Q1
1 quarter
|
|
289
Banc of California
BANC
$2.89B
| $14.5M | 0.08% |
707,397
+29,002
| +4% | +$553K |
2025 Q3
3 quarters
|
|
290
C.H. Robinson
CHRW
$14.4B
| $14.3M | 0.08% |
76,100
+9,376
| +14% | +$1.67M |
2023 Q3
11 quarters
|
|
291
Crescent Energy
CRGY
$6B
| $14.3M | 0.08% |
1,458,997
+117,727
| +9% | +$1.44M |
2023 Q3
11 quarters
|
|
292
Marriott Vacations Worldwide
VAC
$3.97B
| $14.3M | 0.08% |
140,607
+7,991
| +6% | +$640K |
2024 Q4
6 quarters
|
|
293
Federal Agricultural Mortgage
AGM
$2.19B
| $14.3M | 0.08% |
71,700
-24,641
| -26% | -$4.32M |
2026 Q1
1 quarter
|
|
294
Grupo Aeroportuario Centro Norte
OMAB
$4.97B
| $14.3M | 0.08% |
126,166
-42,235
| -25% | -$4.56M |
2026 Q1
1 quarter
|
|
295
Provident Financial Services
PFS
$2.99B
| $14.2M | 0.07% |
601,921
+17,073
| +3% | +$383K |
2023 Q2
12 quarters
|
|
296
Centene
CNC
$33.9B
| $14.2M | 0.07% |
221,106
-118,447
| -35% | -$6.33M |
2023 Q1
13 quarters
|
|
297
Patterson-UTI
PTEN
$5.08B
| $14.2M | 0.07% |
1,544,655
+23,545
| +2% | +$263K |
2026 Q1
1 quarter
|
|
298
Zoetis
ZTS
$32.9B
| $13.9M | 0.07% |
193,922
+151,034
| +352% | +$14.2M |
2023 Q1
13 quarters
|
|
299
S&P Global
SPGI
$135B
| $13.9M | 0.07% |
34,198
+403
| +1% | +$170K |
2023 Q1
13 quarters
|
|
300
AnaptysBio
ANAB
$1.44B
| $13.9M | 0.07% |
+206,010
| New | +$12.5M |
2026 Q2
0 quarters
|
|
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.