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 | |
|---|---|---|---|---|---|---|---|
351
TechnipFMC
FTI
$26.7B
| $12.1M | 0.06% |
182,592
-5,046
| -3% | -$357K |
2025 Q1
5 quarters
|
|
352
Humana
HUM
$49.8B
| $12.1M | 0.06% |
30,339
-45,253
| -60% | -$12.9M |
2026 Q1
1 quarter
|
|
353
Allstate
ALL
$65.7B
| $12M | 0.06% |
50,587
-105,667
| -68% | -$23M |
2026 Q1
1 quarter
|
|
354
Methode Electronics
MEI
$525M
| $11.9M | 0.06% |
626,350
-5,996
| -0.9% | -$62K |
2026 Q1
1 quarter
|
|
355
Hubbell
HUBB
$22.3B
| $11.9M | 0.06% |
22,704
+2,637
| +13% | +$1.33M |
2026 Q1
1 quarter
|
|
356
HP
HPQ
$26B
| $11.9M | 0.06% |
540,574
+488,002
| +928% | +$10.8M |
2023 Q1
13 quarters
|
|
357
Corteva
CTVA
$7.77B
| $11.8M | 0.06% |
139,854
+14,096
| +11% | +$1.13M |
2023 Q2
12 quarters
|
|
358
Hesai Group
HSAI
$1.91B
| $11.8M | 0.06% |
648,521
+63,522
| +11% | +$1.3M |
2026 Q1
1 quarter
|
|
359
PACCAR
PCAR
$53.7B
| $11.8M | 0.06% |
97,981
-1,461
| -1% | -$172K |
2026 Q1
1 quarter
|
|
360
American Eagle Outfitters
AEO
$3.29B
| $11.7M | 0.06% |
678,630
+660,763
| +3,698% | +$11.4M |
2026 Q1
1 quarter
|
|
361
Scholastic
SCHL
$723M
| $11.7M | 0.06% |
253,526
+113,747
| +81% | +$4.67M |
2026 Q1
1 quarter
|
|
362
Waste Management
WM
$92.8B
| $11.6M | 0.06% |
52,019
+21,229
| +69% | +$4.72M |
2023 Q1
13 quarters
|
|
363
Oscar Health
OSCR
$9.37B
| $11.6M | 0.06% |
405,462
-138,086
| -25% | -$2.97M |
2026 Q1
1 quarter
|
|
364
CSX Corp
CSX
$96.3B
| $11.5M | 0.06% |
242,778
-11,135
| -4% | -$503K |
2026 Q1
1 quarter
|
|
365
Element Solutions
ESI
$8.35B
| $11.5M | 0.06% |
241,599
+191,566
| +383% | +$7.95M |
2026 Q1
1 quarter
|
|
366
Cadence Design Systems
CDNS
$90B
| $11.5M | 0.06% |
30,734
-8,214
| -21% | -$2.88M |
2026 Q1
1 quarter
|
|
367
Beacon Financial Corp
BBT
$2.57B
| $11.5M | 0.06% |
377,912
+46,846
| +14% | +$1.4M |
2026 Q1
1 quarter
|
|
368
Occidental Petroleum
OXY
$64B
| $11.5M | 0.06% |
236,868
+6,223
| +3% | +$353K |
2026 Q1
1 quarter
|
|
369
Northrop Grumman
NOC
$79.2B
| $11.5M | 0.06% |
22,484
-1,122
| -5% | -$647K |
2026 Q1
1 quarter
|
|
370
AutoZone
AZO
$51B
| $11.4M | 0.06% |
3,575
-715
| -17% | -$2.38M |
2026 Q1
1 quarter
|
|
371
Pagaya Technologies
PGY
$1.6B
| $11.4M | 0.06% |
623,019
+506,358
| +434% | +$7.19M |
2026 Q1
1 quarter
|
|
372
Intuitive Surgical
ISRG
$153B
| $11.4M | 0.06% |
28,559
-15,422
| -35% | -$6.74M |
2022 Q4
14 quarters
|
|
373
Century Communities
CCS
$1.49B
| $11.3M | 0.06% |
157,571
-48,252
| -23% | -$2.79M |
2026 Q1
1 quarter
|
|
374
Clorox
CLX
$10.6B
| $11.1M | 0.06% |
116,687
+105,367
| +931% | +$10.1M |
2026 Q1
1 quarter
|
|
375
Gold.com Inc
GOLD
$1.11B
| $11.1M | 0.06% |
267,580
-9,449
| -3% | -$406K |
2023 Q2
12 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.