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 | |
|---|---|---|---|---|---|---|---|
301
Bristol-Myers Squibb
BMY
$128B
| $13.8M | 0.07% |
239,727
-104,786
| -30% | -$6.02M |
2026 Q1
1 quarter
|
|
302
Andersons Inc
ANDE
$2.18B
| $13.8M | 0.07% |
202,006
+42,511
| +27% | +$3.09M |
2026 Q1
1 quarter
|
|
303
Cambria Value and Momentum ETF
VAMO
$88.1M
| $13.7M | 0.07% |
381,254
+7,312
| +2% | +$259K |
2026 Q1
1 quarter
|
|
304
American Electric Power
AEP
$70.9B
| $13.6M | 0.07% |
99,353
+6,100
| +7% | +$804K |
2026 Q1
1 quarter
|
|
305
Dana Inc
DAN
$2.34B
| $13.6M | 0.07% |
499,531
-20,500
| -4% | -$700K |
2026 Q1
1 quarter
|
|
306
SiriusPoint
SPNT
$3.01B
| $13.6M | 0.07% |
565,259
+15,266
| +3% | +$350K |
2023 Q2
12 quarters
|
|
307
Allison Transmission
ALSN
$8.92B
| $13.5M | 0.07% |
120,174
-107,097
| -47% | -$13M |
2023 Q1
13 quarters
|
|
308
Blackrock
BLK
$177B
| $13.5M | 0.07% |
14,080
+3,255
| +30% | +$3.37M |
2021 Q2
20 quarters
|
|
309
Colgate-Palmolive
CL
$75.7B
| $13.5M | 0.07% |
147,236
+17,168
| +13% | +$1.5M |
2026 Q1
1 quarter
|
|
310
MP Materials
MP
$7.05B
| $13.4M | 0.07% |
238,925
+226,085
| +1,761% | +$13.8M |
2026 Q1
1 quarter
|
|
311
WaFd
WAFD
$2.17B
| $13.4M | 0.07% |
348,477
+13,926
| +4% | +$490K |
2026 Q1
1 quarter
|
|
312
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.6B
| $13.4M | 0.07% |
400,856
+73,190
| +22% | +$2.45M |
2025 Q2
4 quarters
|
|
313
Sonic Automotive
SAH
$2B
| $13.3M | 0.07% |
156,371
+25,069
| +19% | +$1.92M |
2025 Q3
3 quarters
|
|
314
Kroger
KR
$39.4B
| $13.3M | 0.07% |
238,761
+16,262
| +7% | +$1.06M |
2026 Q1
1 quarter
|
|
315
Roper Technologies
ROP
$46.1B
| $13.2M | 0.07% |
38,928
+28,137
| +261% | +$9.6M |
2026 Q1
1 quarter
|
|
316
Royalty Pharma
RPRX
$29.9B
| $13M | 0.07% |
232,680
+3,684
| +2% | +$192K |
2025 Q1
5 quarters
|
|
317
Welltower
WELL
$172B
| $13M | 0.07% |
57,241
+14,690
| +35% | +$3.11M |
2023 Q2
12 quarters
|
|
318
Xylem
XYL
$21.2B
| $12.9M | 0.07% |
108,789
+83,594
| +332% | +$9.6M |
2023 Q3
11 quarters
|
|
319
Rockwell Automation
ROK
$48.4B
| $12.8M | 0.07% |
25,938
+15,954
| +160% | +$6.94M |
2026 Q1
1 quarter
|
|
320
Sanmina
SANM
$8.87B
| $12.7M | 0.07% |
50,238
+29,895
| +147% | +$6.55M |
2026 Q1
1 quarter
|
|
321
Allegiant Air
ALGT
$1.95B
| $12.7M | 0.07% |
108,085
+34,498
| +47% | +$2.98M |
2023 Q2
12 quarters
|
|
322
Gen Digital
GEN
$17.3B
| $12.7M | 0.07% |
510,452
-94,856
| -16% | -$2.12M |
2026 Q1
1 quarter
|
|
323
Medtronic
MDT
$123B
| $12.7M | 0.07% |
162,087
-36,401
| -18% | -$2.94M |
2022 Q4
14 quarters
|
|
324
Pediatrix Medical
MD
$2.33B
| $12.7M | 0.07% |
500,118
-95,392
| -16% | -$2.17M |
2023 Q4
10 quarters
|
|
325
Howmet Aerospace
HWM
$79.2B
| $12.7M | 0.07% |
47,079
-38,458
| -45% | -$9.9M |
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.