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 | |
|---|---|---|---|---|---|---|---|
376
ADT
ADT
$7.2B
| $11.1M | 0.06% |
1,712,831
+1,251
| +0.1% | +$8.58K |
2025 Q1
5 quarters
|
|
377
Akamai
AKAM
$13.3B
| $11.1M | 0.06% |
94,107
+51,276
| +120% | +$6.38M |
2023 Q3
11 quarters
|
|
378
Molina Healthcare
MOH
$10.6B
| $11.1M | 0.06% |
48,416
+7,996
| +20% | +$1.45M |
2022 Q3
15 quarters
|
|
379
Urban Outfitters
URBN
$7.77B
| $11M | 0.06% |
155,425
-12,401
| -7% | -$884K |
2026 Q1
1 quarter
|
|
380
VICI Properties
VICI
$26.9B
| $11M | 0.06% |
414,476
-23,646
| -5% | -$663K |
2026 Q1
1 quarter
|
|
381
Pelagos Insurance Capital
PLGO
$2.18B
| $11M | 0.06% |
451,921
+8,106
| +2% | +$176K |
2024 Q3
7 quarters
|
|
382
Brinker International
EAT
$8.81B
| $11M | 0.06% |
65,390
-8,238
| -11% | -$1.22M |
2026 Q1
1 quarter
|
|
383
Vanguard Morningstar Total Stock Market ETF
VTI
$684B
| $11M | 0.06% |
29,671
-35,184
| -54% | -$12.6M |
2026 Q1
1 quarter
|
|
384
Las Vegas Sands
LVS
$23.9B
| $10.9M | 0.06% |
235,216
+38,734
| +20% | +$2.01M |
2026 Q1
1 quarter
|
|
385
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$19.6B
| $10.8M | 0.06% |
203,993
+37,245
| +22% | +$1.98M |
2026 Q1
1 quarter
|
|
386
Enterprise Financial Services Corp
EFSC
$2.21B
| $10.8M | 0.06% |
163,572
+6,560
| +4% | +$394K |
2026 Q1
1 quarter
|
|
387
Macy's
M
$6.46B
| $10.6M | 0.06% |
451,964
-144,908
| -24% | -$3.03M |
2024 Q1
9 quarters
|
|
388
LCI Industries
LCII
$2.41B
| $10.6M | 0.06% |
100,329
+6,670
| +7% | +$734K |
2025 Q1
5 quarters
|
|
389
OFG Bancorp
OFG
$2.1B
| $10.6M | 0.06% |
216,017
+3,659
| +2% | +$166K |
2024 Q4
6 quarters
|
|
390
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$852M
| $10.5M | 0.06% |
213,600
+39,000
| +22% | +$1.93M |
2025 Q2
4 quarters
|
|
391
Invesco DB US Dollar Index Bullish Fund
UUP
$496M
| $10.5M | 0.06% |
368,950
-120,684
| -25% | -$3.35M |
2026 Q1
1 quarter
|
|
392
DigitalOcean
DOCN
$10.5B
| $10.4M | 0.05% |
66,265
+40,355
| +156% | +$5.46M |
2023 Q4
10 quarters
|
|
393
Alcoa
AA
$10.3B
| $10.4M | 0.05% |
199,349
+81,310
| +69% | +$5.45M |
2026 Q1
1 quarter
|
|
394
Vistance Networks Inc
VISN
$1.51B
| $10.4M | 0.05% |
+813,243
| New | +$11.5M |
2026 Q2
0 quarters
|
|
395
Hilltop Holdings
HTH
$2.11B
| $10.4M | 0.05% |
267,064
+1,333
| +0.5% | +$50.1K |
2026 Q1
1 quarter
|
|
396
Kaiser Aluminum
KALU
$1.9B
| $10.3M | 0.05% |
52,900
-23,881
| -31% | -$4.06M |
2026 Q1
1 quarter
|
|
397
Old Dominion Freight Line
ODFL
$35.8B
| $10.3M | 0.05% |
47,776
-5,008
| -9% | -$1.08M |
2026 Q1
1 quarter
|
|
398
Target
TGT
$70.1B
| $10.3M | 0.05% |
79,111
-52,150
| -40% | -$6.63M |
2026 Q1
1 quarter
|
|
399
CrowdStrike
CRWD
$256B
| $10.3M | 0.05% |
54,148
+3,876
| +8% | +$551K |
2023 Q2
12 quarters
|
|
400
Vanguard Total World Stock ETF
VT
$80.5B
| $10.3M | 0.05% |
65,808
-8,788
| -12% | -$1.34M |
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.