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 | |
|---|---|---|---|---|---|---|---|
326
Teekay Tankers
TNK
$3.5B
| $12.6M | 0.07% |
194,552
+3,080
| +2% | +$232K |
2024 Q4
6 quarters
|
|
327
Trane Technologies
TT
$89.7B
| $12.6M | 0.07% |
25,689
+7,290
| +40% | +$3.41M |
2023 Q1
13 quarters
|
|
328
Travelers Companies
TRV
$81.2B
| $12.6M | 0.07% |
38,126
+1,984
| +5% | +$601K |
2026 Q1
1 quarter
|
|
329
Werner Enterprises
WERN
$1.66B
| $12.6M | 0.07% |
287,949
+3,752
| +1% | +$141K |
2026 Q1
1 quarter
|
|
330
PENN Entertainment
PENN
$2.13B
| $12.5M | 0.07% |
586,714
+96,954
| +20% | +$1.74M |
2026 Q1
1 quarter
|
|
331
Constellation Brands
STZ
$22.9B
| $12.5M | 0.07% |
90,036
+58,183
| +183% | +$8.65M |
2023 Q2
12 quarters
|
|
332
Kennametal
KMT
$2.22B
| $12.5M | 0.07% |
357,203
-20,424
| -5% | -$744K |
2026 Q1
1 quarter
|
|
333
Customers Bancorp
CUBI
$2.84B
| $12.5M | 0.07% |
158,088
+4,486
| +3% | +$339K |
2025 Q2
4 quarters
|
|
334
Capital Southwest
CSWC
$1.48B
| $12.5M | 0.07% |
525,697
-93,401
| -15% | -$2.19M |
2026 Q1
1 quarter
|
|
335
CVS Health
CVS
$115B
| $12.5M | 0.07% |
120,742
-12,034
| -9% | -$1.07M |
2026 Q1
1 quarter
|
|
336
Williams Companies
WMB
$90.9B
| $12.4M | 0.07% |
166,568
-12,753
| -7% | -$939K |
2026 Q1
1 quarter
|
|
337
Everest Group
EG
$15.4B
| $12.4M | 0.07% |
34,640
+2,795
| +9% | +$957K |
2023 Q4
10 quarters
|
|
338
Select Water Solutions
WTTR
$2.54B
| $12.4M | 0.07% |
619,020
+44,582
| +8% | +$781K |
2023 Q4
10 quarters
|
|
339
Barrick Mining
B
$60.9B
| $12.3M | 0.07% |
335,939
+119,539
| +55% | +$4.9M |
2024 Q1
9 quarters
|
|
340
Peabody Energy
BTU
$2.7B
| $12.3M | 0.06% |
531,549
-209,211
| -28% | -$5.56M |
2026 Q1
1 quarter
|
|
341
Enterprise Products Partners
EPD
$82.4B
| $12.3M | 0.06% |
334,150
-18,287
| -5% | -$690K |
2026 Q1
1 quarter
|
|
342
Medpace
MEDP
$18.2B
| $12.3M | 0.06% |
23,171
-2,559
| -10% | -$1.18M |
2023 Q1
13 quarters
|
|
343
Simmons First National
SFNC
$3.35B
| $12.3M | 0.06% |
541,452
-83,939
| -13% | -$1.79M |
2026 Q1
1 quarter
|
|
344
Progressive
PGR
$134B
| $12.2M | 0.06% |
56,048
-14,023
| -20% | -$2.83M |
2026 Q1
1 quarter
|
|
345
Synopsys
SNPS
$89.6B
| $12.2M | 0.06% |
27,435
+2,965
| +12% | +$1.39M |
2026 Q1
1 quarter
|
|
346
Trustmark
TRMK
$2.56B
| $12.2M | 0.06% |
265,345
+10,573
| +4% | +$471K |
2026 Q1
1 quarter
|
|
347
The Gap Inc
GAP
$7.84B
| $12.2M | 0.06% |
652,055
+162,231
| +33% | +$3.74M |
2026 Q1
1 quarter
|
|
348
Trinity Industries
TRN
$2.3B
| $12.2M | 0.06% |
352,061
+25,355
| +8% | +$857K |
2026 Q1
1 quarter
|
|
349
Constellation Energy
CEG
$93B
| $12.1M | 0.06% |
48,907
+3,353
| +7% | +$944K |
2023 Q1
13 quarters
|
|
350
First Merchants
FRME
$2.55B
| $12.1M | 0.06% |
277,911
+54,884
| +25% | +$2.23M |
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.