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 | |
|---|---|---|---|---|---|---|---|
551
Arthur J. Gallagher & Co
AJG
$70.8B
| $6.97M | 0.04% |
30,340
+5,050
| +20% | +$1.07M |
2026 Q1
1 quarter
|
|
552
Compass
COMP
$6.91B
| $6.95M | 0.04% |
563,310
+56,221
| +11% | +$468K |
2025 Q1
5 quarters
|
|
553
Pricesmart
PSMT
$5.12B
| $6.93M | 0.04% |
35,456
+1,135
| +3% | +$189K |
2026 Q1
1 quarter
|
|
554
Center Bancorp
CNOB
$1.61B
| $6.93M | 0.04% |
207,116
-15,935
| -7% | -$478K |
2023 Q3
11 quarters
|
|
555
Cintas
CTAS
$87.3B
| $6.92M | 0.04% |
40,701
+3,114
| +8% | +$538K |
2026 Q1
1 quarter
|
|
556
Fox Class A
FOXA
$26.7B
| $6.92M | 0.04% |
132,608
-315,033
| -70% | -$19.5M |
2023 Q2
12 quarters
|
|
557
TripAdvisor
TRIP
$1.08B
| $6.91M | 0.04% |
504,202
+3,637
| +0.7% | +$41.2K |
2026 Q1
1 quarter
|
|
558
Marsh
MRSH
$95.4B
| $6.9M | 0.04% |
41,399
+5,821
| +16% | +$973K |
2026 Q1
1 quarter
|
|
559
Halozyme
HALO
$14.9B
| $6.88M | 0.04% |
87,905
-296,633
| -77% | -$20.2M |
2025 Q1
5 quarters
|
|
560
MillerKnoll
MLKN
$1.48B
| $6.87M | 0.04% |
335,766
+20,357
| +6% | +$326K |
2026 Q1
1 quarter
|
|
561
General Motors
GM
$74.2B
| $6.86M | 0.04% |
89,015
+19,731
| +28% | +$1.55M |
2022 Q4
14 quarters
|
|
562
Goodyear
GT
$1.24B
| $6.85M | 0.04% |
1,038,250
-304,984
| -23% | -$1.96M |
2026 Q1
1 quarter
|
|
563
Hope Bancorp
HOPE
$1.69B
| $6.79M | 0.04% |
496,619
| – | – |
2023 Q2
12 quarters
|
|
564
BWX Technologies
BWXT
$12B
| $6.79M | 0.04% |
34,877
-22,306
| -39% | -$4.65M |
2024 Q1
9 quarters
|
|
565
Stagwell
STGW
$2.6B
| $6.77M | 0.04% |
911,598
+456,648
| +100% | +$3.03M |
2026 Q1
1 quarter
|
|
566
Southern Company
SO
$108B
| $6.77M | 0.04% |
70,759
+4,128
| +6% | +$389K |
2026 Q1
1 quarter
|
|
567
AeroVironment
AVAV
$6.41B
| $6.76M | 0.04% |
40,964
+22,604
| +123% | +$4.05M |
2026 Q1
1 quarter
|
|
568
Compañía de Cervecerías Unidas
CCU
$1.91B
| $6.75M | 0.04% |
+602,635
| New | +$7M |
2026 Q2
0 quarters
|
|
569
Agnico Eagle Mines
AEM
$83.6B
| $6.74M | 0.04% |
43,472
-14,292
| -25% | -$2.65M |
2026 Q1
1 quarter
|
|
570
AdaptHealth
AHCO
$775M
| $6.74M | 0.04% |
646,861
+23,957
| +4% | +$267K |
2023 Q2
12 quarters
|
|
571
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF
XSVN
$595M
| $6.71M | 0.04% |
+142,405
| New | +$6.74M |
2026 Q2
0 quarters
|
|
572
FedEx
FDX
$73.4B
| $6.66M | 0.04% |
21,272
-11,595
| -35% | -$4.21M |
2023 Q1
13 quarters
|
|
573
Synchrony
SYF
$24.5B
| $6.65M | 0.04% |
87,399
-8,424
| -9% | -$619K |
2023 Q1
13 quarters
|
|
574
Copa Holdings
CPA
$5.26B
| $6.64M | 0.04% |
42,699
+21,914
| +105% | +$2.85M |
2026 Q1
1 quarter
|
|
575
PTC Therapeutics
PTCT
$5.01B
| $6.63M | 0.03% |
81,271
+23,365
| +40% | +$1.69M |
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.