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 | |
|---|---|---|---|---|---|---|---|
601
Taboola.com
TBLA
$935M
| $6.31M | 0.03% |
1,262,714
-220,300
| -15% | -$963K |
2024 Q3
7 quarters
|
|
602
State Street SPDR Bloomberg Short Term International Treasury Bond ETF
BWZ
$321M
| $6.31M | 0.03% |
+236,428
| New | +$6.42M |
2026 Q2
0 quarters
|
|
603
Astrana Health
ASTH
$1.81B
| $6.3M | 0.03% |
+135,779
| New | +$4.89M |
2026 Q2
0 quarters
|
|
604
Progyny
PGNY
$2.24B
| $6.3M | 0.03% |
218,505
+111,851
| +105% | +$2.5M |
2026 Q1
1 quarter
|
|
605
abrdn Physical Gold Shares ETF
SGOL
$6.48B
| $6.3M | 0.03% |
+164,705
| New | +$7.08M |
2026 Q2
0 quarters
|
|
606
Bristow Group
VTOL
$1.24B
| $6.29M | 0.03% |
152,216
+6,880
| +5% | +$308K |
2023 Q2
12 quarters
|
|
607
Unilever
UL
$141B
| $6.29M | 0.03% |
104,549
-2,221
| -2% | -$128K |
2026 Q1
1 quarter
|
|
608
Dole
DOLE
$1.23B
| $6.25M | 0.03% |
455,465
+6,067
| +1% | +$88.3K |
2023 Q3
11 quarters
|
|
609
Alpha Metallurgical Resources
AMR
$2.02B
| $6.24M | 0.03% |
37,830
+483
| +1% | +$92.1K |
2026 Q1
1 quarter
|
|
610
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
BBHY
$706M
| $6.23M | 0.03% |
135,992
+24,830
| +22% | +$1.14M |
2025 Q2
4 quarters
|
|
611
Janus Henderson AAA CLO ETF
JAAA
$32.5B
| $6.22M | 0.03% |
123,176
+22,490
| +22% | +$1.14M |
2025 Q2
4 quarters
|
|
612
Universal Insurance Holdings
UVE
$1.34B
| $6.2M | 0.03% |
149,987
+6,891
| +5% | +$260K |
2023 Q2
12 quarters
|
|
613
Carter's
CRI
$1.16B
| $6.2M | 0.03% |
150,584
+13,676
| +10% | +$518K |
2026 Q1
1 quarter
|
|
614
Navigator Holdings
NVGS
$1.31B
| $6.2M | 0.03% |
332,677
+7,742
| +2% | +$168K |
2025 Q3
3 quarters
|
|
615
Motorola Solutions
MSI
$81.3B
| $6.19M | 0.03% |
14,909
-3,227
| -18% | -$1.35M |
2026 Q1
1 quarter
|
|
616
BrightView Holdings
BV
$1.09B
| $6.19M | 0.03% |
436,743
+18,367
| +4% | +$230K |
2023 Q2
12 quarters
|
|
617
Clear Secure
YOU
$4.73B
| $6.15M | 0.03% |
110,307
+13,494
| +14% | +$738K |
2025 Q2
4 quarters
|
|
618
Alpha and Omega Semiconductor
AOSL
$696M
| $6.13M | 0.03% |
129,537
+9,206
| +8% | +$370K |
2025 Q3
3 quarters
|
|
619
Aflac
AFL
$62.1B
| $6.11M | 0.03% |
52,111
-13,185
| -20% | -$1.52M |
2026 Q1
1 quarter
|
|
620
Strategic Education
STRA
$1.62B
| $6.11M | 0.03% |
79,710
+52,178
| +190% | +$4.13M |
2026 Q1
1 quarter
|
|
621
Univest Financial
UVSP
$1.08B
| $6.09M | 0.03% |
139,215
+8,451
| +6% | +$331K |
2026 Q1
1 quarter
|
|
622
Hartford Financial Services
HIG
$35.5B
| $6.07M | 0.03% |
45,840
+11,679
| +34% | +$1.56M |
2026 Q1
1 quarter
|
|
623
Borr Drilling
BORR
$1.24B
| $6.07M | 0.03% |
1,470,381
+47,783
| +3% | +$258K |
2025 Q4
2 quarters
|
|
624
Talen Energy Corp
TLN
$16.2B
| $6.06M | 0.03% |
15,780
-22,290
| -59% | -$8.17M |
2025 Q3
3 quarters
|
|
625
Vail Resorts
MTN
$5.42B
| $6.05M | 0.03% |
44,401
+6,501
| +17% | +$846K |
2025 Q2
4 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.