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 | |
|---|---|---|---|---|---|---|---|
526
CME Group
CME
$109B
| $7.29M | 0.04% |
32,993
+576
| +2% | +$159K |
2023 Q1
13 quarters
|
|
527
Atlanticus Holdings
ATLC
$1.42B
| $7.29M | 0.04% |
71,255
+1,946
| +3% | +$158K |
2023 Q2
12 quarters
|
|
528
Cambria Chesapeake Pure Trend ETF
MFUT
$71.4M
| $7.28M | 0.04% |
394,024
+7,552
| +2% | +$144K |
2025 Q3
3 quarters
|
|
529
Sally Beauty Holdings
SBH
$1.7B
| $7.26M | 0.04% |
513,695
+32,572
| +7% | +$439K |
2026 Q1
1 quarter
|
|
530
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$44.8B
| $7.23M | 0.04% |
13,849
-1,201
| -8% | -$600K |
2025 Q4
2 quarters
|
|
531
OceanFirst Financial
OCFC
$1.77B
| $7.19M | 0.04% |
367,932
+157,825
| +75% | +$2.94M |
2026 Q1
1 quarter
|
|
532
MasterBrand
MBC
$1.48B
| $7.18M | 0.04% |
697,948
+221,729
| +47% | +$1.89M |
2024 Q1
9 quarters
|
|
533
SFL Corp
SFL
$1.8B
| $7.16M | 0.04% |
702,315
+16,482
| +2% | +$187K |
2023 Q2
12 quarters
|
|
534
Ecovyst
ECVT
$1.11B
| $7.16M | 0.04% |
575,365
+8,685
| +2% | +$118K |
2024 Q3
7 quarters
|
|
535
Molson Coors Class B
TAP
$7.48B
| $7.12M | 0.04% |
182,837
+44,386
| +32% | +$1.85M |
2024 Q1
9 quarters
|
|
536
Principal Financial Group
PFG
$23.7B
| $7.1M | 0.04% |
65,915
+15,077
| +30% | +$1.53M |
2022 Q4
14 quarters
|
|
537
G-III Apparel Group
GIII
$1.3B
| $7.09M | 0.04% |
210,435
-75,940
| -27% | -$2.4M |
2023 Q2
12 quarters
|
|
538
Dollar General
DG
$29.2B
| $7.09M | 0.04% |
61,577
+25,943
| +73% | +$2.95M |
2026 Q1
1 quarter
|
|
539
Roundhill Memory ETF
DRAM
$22.6B
| $7.07M | 0.04% |
+95,741
| New | +$4.99M |
2026 Q2
0 quarters
|
|
540
Cencora
COR
$63.1B
| $7.06M | 0.04% |
24,932
-13,361
| -35% | -$3.85M |
2026 Q1
1 quarter
|
|
541
Entravision Communication
EVC
$562M
| $7.03M | 0.04% |
539,443
-29,126
| -5% | -$207K |
2023 Q2
12 quarters
|
|
542
PagSeguro Digital
PAGS
$2.19B
| $7.03M | 0.04% |
+776,694
| New | +$7.51M |
2026 Q2
0 quarters
|
|
543
Ametek
AME
$55.3B
| $7.02M | 0.04% |
29,012
+4,800
| +20% | +$1.11M |
2026 Q1
1 quarter
|
|
544
The Greenbrier Companies
GBX
$1.21B
| $7.01M | 0.04% |
143,012
+27,314
| +24% | +$1.34M |
2026 Q1
1 quarter
|
|
545
State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF
CERY
$1.26B
| $7M | 0.04% |
209,537
+4,016
| +2% | +$145K |
2025 Q2
4 quarters
|
|
546
Adient
ADNT
$1.29B
| $7M | 0.04% |
381,074
-173,498
| -31% | -$3.71M |
2024 Q3
7 quarters
|
|
547
Del Monte Corp
DMC
$1.29B
| $7M | 0.04% |
250,839
+5,924
| +2% | +$208K |
2023 Q2
12 quarters
|
|
548
Monster Beverage
MNST
$92.7B
| $7M | 0.04% |
145,642
+49,106
| +51% | +$2.06M |
2023 Q2
12 quarters
|
|
549
NWPX Infrastructure Inc
NWPX
$942M
| $7M | 0.04% |
46,667
-8,626
| -16% | -$944K |
2026 Q1
1 quarter
|
|
550
Aon
AON
$68.2B
| $6.97M | 0.04% |
21,001
-1,495
| -7% | -$482K |
2023 Q1
13 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.