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 | |
|---|---|---|---|---|---|---|---|
676
Ardent Health
ARDT
$1.7B
| $5.42M | 0.03% |
551,293
+15,458
| +3% | +$147K |
2025 Q3
3 quarters
|
|
677
Heartland Express
HTLD
$790M
| $5.42M | 0.03% |
356,418
+25,740
| +8% | +$349K |
2026 Q1
1 quarter
|
|
678
Microchip Technology
MCHP
$42B
| $5.38M | 0.03% |
58,991
-527
| -0.9% | -$47K |
2026 Q1
1 quarter
|
|
679
Employers Holdings
EIG
$788M
| $5.34M | 0.03% |
105,867
+4,545
| +4% | +$199K |
2026 Q1
1 quarter
|
|
680
EchoStar
ECHO
$28.2B
| $5.32M | 0.03% |
52,395
-14,353
| -22% | -$1.75M |
2026 Q1
1 quarter
|
|
681
Chord Energy
CHRD
$8.59B
| $5.31M | 0.03% |
46,469
+15,727
| +51% | +$2.13M |
2026 Q1
1 quarter
|
|
682
Heritage Financial
HFWA
$1.16B
| $5.3M | 0.03% |
178,912
+12,833
| +8% | +$353K |
2023 Q2
12 quarters
|
|
683
Dauch Corp
DCH
$1.14B
| $5.28M | 0.03% |
974,191
+168,400
| +21% | +$1.02M |
2026 Q1
1 quarter
|
|
684
Parke Bancorp
PKBK
$383M
| $5.28M | 0.03% |
159,164
-10,519
| -6% | -$323K |
2026 Q1
1 quarter
|
|
685
Ovintiv
OVV
$20.1B
| $5.27M | 0.03% |
100,080
+4,466
| +5% | +$255K |
2023 Q1
13 quarters
|
|
686
Forestar Group
FOR
$1.22B
| $5.27M | 0.03% |
166,478
+87,319
| +110% | +$2.4M |
2026 Q1
1 quarter
|
|
687
Schwab Fundamental International Large Company Index ETF
FNDF
$25.8B
| $5.27M | 0.03% |
+99,794
| New | +$5.24M |
2026 Q2
0 quarters
|
|
688
H&R Block
HRB
$6.29B
| $5.26M | 0.03% |
138,160
+37,986
| +38% | +$1.32M |
2026 Q1
1 quarter
|
|
689
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF
XTEN
$1.38B
| $5.24M | 0.03% |
115,461
+21,060
| +22% | +$958K |
2025 Q2
4 quarters
|
|
690
Oppenheimer Holdings
OPY
$923M
| $5.23M | 0.03% |
49,554
+3,488
| +8% | +$355K |
2026 Q1
1 quarter
|
|
691
Antero Resources
AR
$12.9B
| $5.22M | 0.03% |
148,686
+710
| +0.5% | +$26.1K |
2021 Q4
18 quarters
|
|
692
Garmin
GRMN
$52.5B
| $5.21M | 0.03% |
21,918
+2,037
| +10% | +$495K |
2023 Q4
10 quarters
|
|
693
Cboe Global Markets
CBOE
$35B
| $5.2M | 0.03% |
21,431
-25,230
| -54% | -$7.72M |
2023 Q4
10 quarters
|
|
694
Ford
F
$48.9B
| $5.17M | 0.03% |
372,013
+69,879
| +23% | +$943K |
2026 Q1
1 quarter
|
|
695
Otis Worldwide
OTIS
$28.8B
| $5.16M | 0.03% |
72,123
+6,583
| +10% | +$492K |
2023 Q2
12 quarters
|
|
696
Voya Financial
VOYA
$8.88B
| $5.16M | 0.03% |
56,980
+8,776
| +18% | +$715K |
2026 Q1
1 quarter
|
|
697
DELISTED
Electronic Arts
EA
| $5.16M | 0.03% |
25,158
-13,902
| -36% | -$2.82M |
2026 Q1
1 quarter
|
|
698
Enbridge
ENB
$110B
| $5.14M | 0.03% |
94,857
-15,157
| -14% | -$831K |
2025 Q4
2 quarters
|
|
699
Burke & Herbert Financial Services Corp
BHRB
$1.42B
| $5.14M | 0.03% |
71,532
+4,252
| +6% | +$275K |
2025 Q3
3 quarters
|
|
700
WEX
WEX
$6.07B
| $5.1M | 0.03% |
36,137
+33,539
| +1,291% | +$4.97M |
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 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.