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 | |
|---|---|---|---|---|---|---|---|
576
Peoples Bancorp
PEBO
$1.39B
| $6.62M | 0.03% |
172,412
+10,408
| +6% | +$363K |
2026 Q1
1 quarter
|
|
577
Liberty Latin America Class C
LILAK
$1.64B
| $6.61M | 0.03% |
848,006
-28,667
| -3% | -$208K |
2023 Q2
12 quarters
|
|
578
Prologis
PLD
$122B
| $6.6M | 0.03% |
48,701
-4,395
| -8% | -$623K |
2023 Q1
13 quarters
|
|
579
ON Semiconductor
ON
$27.9B
| $6.56M | 0.03% |
69,345
-171,269
| -71% | -$17.6M |
2026 Q1
1 quarter
|
|
580
Steel Dynamics
STLD
$35.7B
| $6.55M | 0.03% |
28,552
+5,871
| +26% | +$1.38M |
2026 Q1
1 quarter
|
|
581
Moelis & Co
MC
$4.34B
| $6.55M | 0.03% |
100,128
+3,702
| +4% | +$243K |
2023 Q4
10 quarters
|
|
582
Bank of N.T. Butterfield & Son
NTB
$2.22B
| $6.53M | 0.03% |
109,672
-70,736
| -39% | -$4M |
2024 Q1
9 quarters
|
|
583
NMI Holdings
NMIH
$3.21B
| $6.52M | 0.03% |
+158,688
| New | +$6.07M |
2026 Q2
0 quarters
|
|
584
Gentex
GNTX
$4.19B
| $6.5M | 0.03% |
257,264
+48,025
| +23% | +$1.14M |
2026 Q1
1 quarter
|
|
585
Covenant Logistics
CVLG
$785M
| $6.5M | 0.03% |
147,072
+6,517
| +5% | +$238K |
2023 Q2
12 quarters
|
|
586
iMGP DBi Managed Futures Strategy ETF
DBMF
$4.35B
| $6.49M | 0.03% |
211,930
+4,064
| +2% | +$125K |
2025 Q2
4 quarters
|
|
587
La-Z-Boy
LZB
$1.22B
| $6.48M | 0.03% |
161,394
+9,423
| +6% | +$341K |
2026 Q1
1 quarter
|
|
588
RPC Inc
RES
$1.37B
| $6.47M | 0.03% |
1,109,612
-10,384
| -0.9% | -$72.4K |
2026 Q1
1 quarter
|
|
589
Oshkosh
OSK
$8.53B
| $6.47M | 0.03% |
42,131
-32,442
| -44% | -$4.57M |
2026 Q1
1 quarter
|
|
590
Amalgamated Financial
AMAL
$1.5B
| $6.46M | 0.03% |
140,724
+6,382
| +5% | +$269K |
2026 Q1
1 quarter
|
|
591
Cincinnati Financial
CINF
$27.8B
| $6.45M | 0.03% |
34,850
+6,839
| +24% | +$1.13M |
2026 Q1
1 quarter
|
|
592
Interparfums
IPAR
$3.73B
| $6.45M | 0.03% |
57,645
+28,298
| +96% | +$2.67M |
2026 Q1
1 quarter
|
|
593
State Street SPDR S&P Bank ETF
KBE
$1.44B
| $6.39M | 0.03% |
+93,708
| New | +$6M |
2026 Q2
0 quarters
|
|
594
US Foods
USFD
$22.4B
| $6.38M | 0.03% |
62,391
+4,893
| +9% | +$436K |
2026 Q1
1 quarter
|
|
595
Oneok
OKE
$61.2B
| $6.37M | 0.03% |
73,242
+13,103
| +22% | +$1.15M |
2026 Q1
1 quarter
|
|
596
Omnicell
OMCL
$1.67B
| $6.37M | 0.03% |
153,338
-108,705
| -41% | -$4.38M |
2025 Q4
2 quarters
|
|
597
Duke Energy
DUK
$99.3B
| $6.36M | 0.03% |
50,244
-1,276
| -2% | -$161K |
2022 Q3
15 quarters
|
|
598
Insperity
NSP
$1.85B
| $6.36M | 0.03% |
153,871
+38,163
| +33% | +$1.25M |
2026 Q1
1 quarter
|
|
599
Willis Lease Finance
WLFC
$880M
| $6.35M | 0.03% |
83,259
| – | – |
2026 Q1
1 quarter
|
|
600
Lear
LEA
$5.71B
| $6.35M | 0.03% |
47,334
+3,099
| +7% | +$415K |
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.