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 | |
|---|---|---|---|---|---|---|---|
626
Ecolab
ECL
$85B
| $6.02M | 0.03% |
21,611
+5,729
| +36% | +$1.51M |
2026 Q1
1 quarter
|
|
627
AdvanSix
ASIX
$415M
| $6.02M | 0.03% |
302,687
+201,951
| +200% | +$4.55M |
2023 Q2
12 quarters
|
|
628
REX American Resources
REX
$1.3B
| $6.02M | 0.03% |
133,235
-30,929
| -19% | -$1.43M |
2026 Q1
1 quarter
|
|
629
Dollar Tree
DLTR
$25.1B
| $6.01M | 0.03% |
49,670
-42,849
| -46% | -$4.45M |
2026 Q1
1 quarter
|
|
630
Agilent Technologies
A
$49.3B
| $6M | 0.03% |
45,202
+9,288
| +26% | +$1.13M |
2023 Q1
13 quarters
|
|
631
Carvana
CVNA
$75.3B
| $5.97M | 0.03% |
90,630
-97,475
| -52% | -$6.89M |
2026 Q1
1 quarter
|
|
632
United Fire Group
UFCS
$1.46B
| $5.94M | 0.03% |
113,184
+17,754
| +19% | +$789K |
2026 Q1
1 quarter
|
|
633
Bunge Global
BG
$18.6B
| $5.92M | 0.03% |
55,452
+10,195
| +23% | +$1.25M |
2025 Q3
3 quarters
|
|
634
Ciena
CIEN
$45.5B
| $5.91M | 0.03% |
12,050
-8,613
| -42% | -$4.39M |
2026 Q1
1 quarter
|
|
635
BJ's Restaurants
BJRI
$1.33B
| $5.89M | 0.03% |
97,007
-10,136
| -9% | -$443K |
2025 Q4
2 quarters
|
|
636
iShares A.I. Innovation and Tech Active ETF
BAI
$12.2B
| $5.88M | 0.03% |
+111,543
| New | +$5.07M |
2026 Q2
0 quarters
|
|
637
V2X
VVX
$2.52B
| $5.88M | 0.03% |
78,851
-70,736
| -47% | -$5.26M |
2025 Q1
5 quarters
|
|
638
Magna International
MGA
$16.6B
| $5.88M | 0.03% |
89,519
+1,277
| +1% | +$79.8K |
2026 Q1
1 quarter
|
|
639
Somnigroup International
SGI
$14.6B
| $5.86M | 0.03% |
74,763
+29,720
| +66% | +$2.18M |
2023 Q1
13 quarters
|
|
640
Nabors Industries
NBR
$1.38B
| $5.86M | 0.03% |
69,745
+4,080
| +6% | +$380K |
2025 Q4
2 quarters
|
|
641
Crocs
CROX
$6.88B
| $5.85M | 0.03% |
48,526
-2,250
| -4% | -$246K |
2026 Q1
1 quarter
|
|
642
Cal-Maine
CALM
$2.97B
| $5.84M | 0.03% |
72,440
-21,759
| -23% | -$1.68M |
2026 Q1
1 quarter
|
|
643
Alpha Architect US Quantitative Value ETF
QVAL
$667M
| $5.82M | 0.03% |
104,967
+4,559
| +5% | +$249K |
2025 Q4
2 quarters
|
|
644
Blue Owl Capital
OWL
$7.06B
| $5.81M | 0.03% |
664,138
+107,872
| +19% | +$1.02M |
2023 Q4
10 quarters
|
|
645
Sylvamo
SLVM
$1.28B
| $5.81M | 0.03% |
153,675
+1,073
| +0.7% | +$43.5K |
2026 Q1
1 quarter
|
|
646
Old Second Bancorp
OSBC
$1.24B
| $5.8M | 0.03% |
248,627
+15,068
| +6% | +$322K |
2026 Q1
1 quarter
|
|
647
CleanSpark
CLSK
$1.97B
| $5.8M | 0.03% |
398,400
+146,703
| +58% | +$2.07M |
2026 Q1
1 quarter
|
|
648
Equinix
EQIX
$100B
| $5.78M | 0.03% |
5,543
-455
| -8% | -$487K |
2023 Q1
13 quarters
|
|
649
Okta
OKTA
$36.4B
| $5.78M | 0.03% |
42,342
-125,359
| -75% | -$11.8M |
2026 Q1
1 quarter
|
|
650
Hornbeck Offshore Services, Inc.
HOS
$2.32B
| $5.77M | 0.03% |
659,820
+106,440
| +19% | +$1.02M |
2023 Q2
12 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.