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 | |
|---|---|---|---|---|---|---|---|
426
West Pharmaceutical
WST
$28.7B
| $9.7M | 0.05% |
27,152
+24,435
| +899% | +$7.47M |
2026 Q1
1 quarter
|
|
427
Yelp
YELP
$1.04B
| $9.7M | 0.05% |
396,822
+29,794
| +8% | +$742K |
2026 Q1
1 quarter
|
|
428
Kohl's
KSS
$2.76B
| $9.7M | 0.05% |
548,794
-117,278
| -18% | -$1.74M |
2026 Q1
1 quarter
|
|
429
Millicom
TIGO
$13.3B
| $9.7M | 0.05% |
+106,689
| New | +$8.99M |
2026 Q2
0 quarters
|
|
430
Honeywell
HON
$69.2B
| $9.7M | 0.05% |
43,149
-30,174
| -41% | -$6.73M |
2026 Q1
1 quarter
|
|
431
Lamar Advertising Co
LAMR
$16B
| $9.6M | 0.05% |
61,855
-5,537
| -8% | -$801K |
2026 Q1
1 quarter
|
|
432
Albemarle
ALB
$10.7B
| $9.5M | 0.05% |
70,655
+37,673
| +114% | +$6.64M |
2026 Q1
1 quarter
|
|
|
HONA
433
Honeywell Aerospace
HONA
$48.9B
| $9.5M | 0.05% |
+43,101
| New | +$9.5M |
2026 Q2
0 quarters
|
|
434
Roivant Sciences
ROIV
$26.7B
| $9.49M | 0.05% |
268,158
-17,757
| -6% | -$525K |
2025 Q4
2 quarters
|
|
435
Argan
AGX
$4.83B
| $9.49M | 0.05% |
11,884
+10,614
| +836% | +$7.06M |
2026 Q1
1 quarter
|
|
436
HCA Healthcare
HCA
$98.8B
| $9.43M | 0.05% |
24,176
-29,183
| -55% | -$12.3M |
2022 Q3
15 quarters
|
|
437
Viavi Solutions
VIAV
$7.36B
| $9.42M | 0.05% |
197,310
-38,024
| -16% | -$1.82M |
2026 Q1
1 quarter
|
|
438
Timken Company
TKR
$7.69B
| $9.42M | 0.05% |
64,831
+57,306
| +762% | +$6.89M |
2026 Q1
1 quarter
|
|
439
Sysco
SYY
$40.8B
| $9.37M | 0.05% |
112,110
+15,077
| +16% | +$1.14M |
2026 Q1
1 quarter
|
|
440
Marriott International
MAR
$104B
| $9.28M | 0.05% |
25,047
+829
| +3% | +$306K |
2026 Q1
1 quarter
|
|
441
MPLX
MPLX
$61B
| $9.27M | 0.05% |
164,540
-52,954
| -24% | -$2.95M |
2025 Q2
4 quarters
|
|
442
1st Source
SRCE
$2.11B
| $9.19M | 0.05% |
112,609
+3,612
| +3% | +$270K |
2026 Q1
1 quarter
|
|
443
Sensata Technologies
ST
$5.86B
| $9.18M | 0.05% |
192,352
+167,811
| +684% | +$7.59M |
2025 Q2
4 quarters
|
|
444
National Bank Holdings
NBHC
$1.66B
| $9.18M | 0.05% |
206,557
+7,989
| +4% | +$337K |
2026 Q1
1 quarter
|
|
445
Moody's
MCO
$85.2B
| $9.15M | 0.05% |
20,206
-720
| -3% | -$323K |
2026 Q1
1 quarter
|
|
446
Sherwin-Williams
SHW
$80.4B
| $9.15M | 0.05% |
26,560
-499
| -2% | -$159K |
2026 Q1
1 quarter
|
|
447
Landstar System
LSTR
$4.81B
| $9.12M | 0.05% |
44,101
+39,946
| +961% | +$7.64M |
2026 Q1
1 quarter
|
|
448
PNC Financial Services
PNC
$90.9B
| $9.08M | 0.05% |
36,885
-10,751
| -23% | -$2.41M |
2026 Q1
1 quarter
|
|
449
Kodiak Gas Services
KGS
$4.74B
| $9.07M | 0.05% |
+120,719
| New | +$8.21M |
2026 Q2
0 quarters
|
|
450
Stryker
SYK
$112B
| $9.04M | 0.05% |
28,726
-9,979
| -26% | -$3.14M |
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.