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 | |
|---|---|---|---|---|---|---|---|
451
Guardant Health
GH
$24B
| $8.98M | 0.05% |
59,848
+46,391
| +345% | +$5.05M |
2025 Q1
5 quarters
|
|
452
Carpenter Technology
CRS
$14B
| $8.97M | 0.05% |
14,538
-6,456
| -31% | -$3.04M |
2026 Q1
1 quarter
|
|
|
453
iShares Global 100 ETF
IOO
$9.05B
| $8.94M | 0.05% |
65,482
-208,518
| -76% | -$28.4M |
2026 Q1
1 quarter
|
|
454
Grupo Aeroportuario del Sureste
ASR
$7.53B
| $8.94M | 0.05% |
29,152
+6,284
| +27% | +$1.95M |
2026 Q1
1 quarter
|
|
455
ABM Industries
ABM
$3.13B
| $8.93M | 0.05% |
201,881
+195,374
| +3,003% | +$8.01M |
2026 Q1
1 quarter
|
|
456
RPM International
RPM
$13.1B
| $8.89M | 0.05% |
80,010
-2,912
| -4% | -$304K |
2026 Q1
1 quarter
|
|
457
NXP Semiconductors
NXPI
$65.4B
| $8.89M | 0.05% |
31,642
-4,106
| -11% | -$1.13M |
2023 Q2
12 quarters
|
|
458
L3Harris
LHX
$51.7B
| $8.88M | 0.05% |
30,575
+6,594
| +27% | +$2.1M |
2026 Q1
1 quarter
|
|
459
Pathward Financial
CASH
$1.56B
| $8.85M | 0.05% |
101,634
+4,458
| +5% | +$386K |
2026 Q1
1 quarter
|
|
460
Photronics
PLAB
$1.63B
| $8.84M | 0.05% |
271,855
-18,287
| -6% | -$774K |
2026 Q1
1 quarter
|
|
461
Dorian LPG
LPG
$2.33B
| $8.81M | 0.05% |
253,366
+56,336
| +29% | +$2.22M |
2023 Q2
12 quarters
|
|
462
Arrowhead Research
ARWR
$8.46B
| $8.81M | 0.05% |
108,041
-29,179
| -21% | -$2.16M |
2024 Q4
6 quarters
|
|
463
Costamare
CMRE
$1.71B
| $8.8M | 0.05% |
628,020
+7,985
| +1% | +$131K |
2023 Q2
12 quarters
|
|
464
DNOW Inc
DNOW
$2.95B
| $8.79M | 0.05% |
677,911
-216,274
| -24% | -$2.81M |
2024 Q2
8 quarters
|
|
465
Littelfuse
LFUS
$10B
| $8.79M | 0.05% |
+19,295
| New | +$8.35M |
2026 Q2
0 quarters
|
|
466
BrightSpring Health Services
BTSG
$13.3B
| $8.78M | 0.05% |
+125,842
| New | +$6.99M |
2026 Q2
0 quarters
|
|
467
Franklin Templeton
BEN
$16.1B
| $8.76M | 0.05% |
263,326
+243,331
| +1,217% | +$7.29M |
2026 Q1
1 quarter
|
|
468
PROG Holdings
PRG
$1.36B
| $8.75M | 0.05% |
187,736
+13,401
| +8% | +$468K |
2025 Q2
4 quarters
|
|
469
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$7.28B
| $8.75M | 0.05% |
302,600
+55,250
| +22% | +$1.6M |
2025 Q2
4 quarters
|
|
470
General Mills
GIS
$18.3B
| $8.74M | 0.05% |
251,038
+41,587
| +20% | +$1.44M |
2026 Q1
1 quarter
|
|
471
Spectrum Brands
SPB
$1.92B
| $8.66M | 0.05% |
100,953
+7,321
| +8% | +$592K |
2025 Q2
4 quarters
|
|
472
Northern Oil and Gas
NOG
$3.02B
| $8.6M | 0.05% |
473,793
+70,666
| +18% | +$1.68M |
2026 Q1
1 quarter
|
|
473
PG&E
PCG
$39.6B
| $8.57M | 0.05% |
509,279
-157,253
| -24% | -$2.65M |
2023 Q1
13 quarters
|
|
474
S&T Bancorp
STBA
$1.78B
| $8.53M | 0.04% |
173,819
+4,005
| +2% | +$180K |
2026 Q1
1 quarter
|
|
475
Flex
FLEX
$32B
| $8.49M | 0.04% |
52,373
-99,703
| -66% | -$12.1M |
2025 Q1
5 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.