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 | Industrials | 10.16% |
| 4 | Miscellaneous | 10.04% |
| 5 | Consumer Discretionary | 9.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
651
Teladoc Health
TDOC
$1.53B
| $5.76M | 0.03% |
679,790
+36,529
| +6% | +$243K |
2025 Q2
4 quarters
|
|
652
Alpha Architect US Quantitative Momentum ETF
QMOM
$417M
| $5.75M | 0.03% |
72,997
+14,395
| +25% | +$1.11M |
2025 Q4
2 quarters
|
|
653
Genco Shipping & Trading
GNK
$1.11B
| $5.74M | 0.03% |
231,544
+4,793
| +2% | +$116K |
2023 Q2
12 quarters
|
|
654
Carrier Global
CARR
$44.5B
| $5.73M | 0.03% |
78,067
+12,234
| +19% | +$800K |
2022 Q3
15 quarters
|
|
655
iShares MSCI ACWI ETF
ACWI
$32.6B
| $5.71M | 0.03% |
36,380
+792
| +2% | +$121K |
2026 Q1
1 quarter
|
|
656
Popular Inc
BPOP
$10B
| $5.64M | 0.03% |
34,368
+950
| +3% | +$143K |
2026 Q1
1 quarter
|
|
657
Jones Lang LaSalle
JLL
$17.3B
| $5.58M | 0.03% |
18,011
+8,594
| +91% | +$2.67M |
2024 Q1
9 quarters
|
|
658
Lineage Inc
LINE
$8.28B
| $5.58M | 0.03% |
129,073
+4,925
| +4% | +$194K |
2025 Q3
3 quarters
|
|
659
WESCO International
WCC
$16.8B
| $5.55M | 0.03% |
16,080
-21,903
| -58% | -$7.43M |
2025 Q1
5 quarters
|
|
660
O-I Glass
OI
$813M
| $5.55M | 0.03% |
576,791
-150,000
| -21% | -$1.41M |
2025 Q3
3 quarters
|
|
661
Hershey
HSY
$33.7B
| $5.54M | 0.03% |
31,569
-1,699
| -5% | -$320K |
2026 Q1
1 quarter
|
|
662
Scansource
SCSC
$1.18B
| $5.52M | 0.03% |
105,907
-22,566
| -18% | -$989K |
2026 Q1
1 quarter
|
|
663
Nordic American Tanker
NAT
$1.6B
| $5.51M | 0.03% |
995,365
+45,759
| +5% | +$259K |
2024 Q4
6 quarters
|
|
664
Eversource Energy
ES
$25.8B
| $5.51M | 0.03% |
76,205
+26,506
| +53% | +$1.84M |
2023 Q2
12 quarters
|
|
665
First Mid Bancshares
FMBH
$1.37B
| $5.5M | 0.03% |
114,413
+8,214
| +8% | +$362K |
2026 Q1
1 quarter
|
|
666
Standard Motor Products
SMP
$980M
| $5.49M | 0.03% |
140,938
+8,233
| +6% | +$315K |
2026 Q1
1 quarter
|
|
667
Nebius Group N.V.
NBIS
$41.3B
| $5.49M | 0.03% |
19,881
-12,097
| -38% | -$2.4M |
2026 Q1
1 quarter
|
|
668
Toast
TOST
$19.6B
| $5.48M | 0.03% |
197,023
-826
| -0.4% | -$21.5K |
2026 Q1
1 quarter
|
|
669
Perrigo
PRGO
$2.2B
| $5.47M | 0.03% |
526,659
+14,787
| +3% | +$163K |
2025 Q4
2 quarters
|
|
670
LPL Financial
LPLA
$22.9B
| $5.47M | 0.03% |
19,405
-4,934
| -20% | -$1.48M |
2023 Q4
10 quarters
|
|
671
Norfolk Southern
NSC
$77.7B
| $5.47M | 0.03% |
17,375
-7,855
| -31% | -$2.42M |
2026 Q1
1 quarter
|
|
672
AMN Healthcare
AMN
$1.79B
| $5.46M | 0.03% |
168,798
-99,209
| -37% | -$2.56M |
2026 Q1
1 quarter
|
|
673
World Acceptance Corp
WRLD
$777M
| $5.44M | 0.03% |
24,298
+1,716
| +8% | +$276K |
2026 Q1
1 quarter
|
|
674
Oceaneering
OII
$4.04B
| $5.43M | 0.03% |
134,103
+1,476
| +1% | +$55.6K |
2026 Q1
1 quarter
|
|
675
DELISTED
Warner Bros
WBD
| $5.43M | 0.03% |
203,712
+26,497
| +15% | +$717K |
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 Industrials.
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.