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 | |
|---|---|---|---|---|---|---|---|
726
Sempra
SRE
$56.2B
| $4.84M | 0.03% |
52,159
-2,820
| -5% | -$262K |
2026 Q1
1 quarter
|
|
727
Zumiez
ZUMZ
$229M
| $4.84M | 0.03% |
271,631
+9,876
| +4% | +$221K |
2026 Q1
1 quarter
|
|
728
NOV
NOV
$6.66B
| $4.83M | 0.03% |
260,228
-65,664
| -20% | -$1.31M |
2024 Q4
6 quarters
|
|
729
Super Micro Computer
SMCI
$20B
| $4.81M | 0.03% |
+163,837
| New | +$5.22M |
2026 Q2
0 quarters
|
|
730
FIVE9
FIVN
$2.67B
| $4.79M | 0.03% |
+224,825
| New | +$4.44M |
2026 Q2
0 quarters
|
|
731
Hovnanian Enterprises
HOV
$625M
| $4.78M | 0.03% |
33,564
-39,582
| -54% | -$4.52M |
2026 Q1
1 quarter
|
|
732
MSCI
MSCI
$46.3B
| $4.76M | 0.03% |
8,491
-3,071
| -27% | -$1.79M |
2023 Q1
13 quarters
|
|
733
Edgewell Personal Care
EPC
$1.31B
| $4.75M | 0.03% |
176,691
+7,639
| +5% | +$163K |
2024 Q3
7 quarters
|
|
734
Biogen
BIIB
$36.8B
| $4.74M | 0.03% |
21,948
+173
| +0.8% | +$33.1K |
2023 Q1
13 quarters
|
|
735
Teekay
TK
$1.23B
| $4.74M | 0.03% |
473,932
-37,754
| -7% | -$472K |
2024 Q4
6 quarters
|
|
736
First Financial Corp
THFF
$933M
| $4.73M | 0.02% |
61,534
+3,640
| +6% | +$251K |
2026 Q1
1 quarter
|
|
737
Boise Cascade
BCC
$2.62B
| $4.7M | 0.02% |
+60,570
| New | +$4.49M |
2026 Q2
0 quarters
|
|
738
Royal Caribbean
RCL
$85.9B
| $4.7M | 0.02% |
14,805
+6,805
| +85% | +$1.9M |
2023 Q3
11 quarters
|
|
739
QuidelOrtho
QDEL
$962M
| $4.69M | 0.02% |
267,989
+13,772
| +5% | +$182K |
2026 Q1
1 quarter
|
|
740
Cloudflare
NET
$94.4B
| $4.69M | 0.02% |
19,112
+1,943
| +11% | +$425K |
2023 Q4
10 quarters
|
|
741
ODDITY Tech
ODD
$978M
| $4.68M | 0.02% |
309,587
+214,264
| +225% | +$2.87M |
2026 Q1
1 quarter
|
|
742
First Watch Restaurant Group
FWRG
$799M
| $4.68M | 0.02% |
362,916
+196,357
| +118% | +$2.3M |
2026 Q1
1 quarter
|
|
743
Maplebear
CART
$13.6B
| $4.68M | 0.02% |
98,749
-6,444
| -6% | -$269K |
2026 Q1
1 quarter
|
|
744
ARKO Corp
ARKO
$432M
| $4.67M | 0.02% |
581,717
+70,151
| +14% | +$492K |
2026 Q1
1 quarter
|
|
745
Clarivate
CLVT
$1.06B
| $4.64M | 0.02% |
2,147,666
+131,837
| +7% | +$322K |
2024 Q3
7 quarters
|
|
746
Koppers
KOP
$791M
| $4.62M | 0.02% |
102,787
+6,214
| +6% | +$254K |
2023 Q2
12 quarters
|
|
747
Fluor
FLR
$6.2B
| $4.6M | 0.02% |
87,840
-50,502
| -37% | -$2.47M |
2026 Q1
1 quarter
|
|
748
Equity Bancshares
EQBK
$1.03B
| $4.59M | 0.02% |
93,761
+6,737
| +8% | +$311K |
2023 Q2
12 quarters
|
|
749
Entergy
ETR
$52.5B
| $4.59M | 0.02% |
39,964
+144
| +0.4% | +$16.2K |
2023 Q1
13 quarters
|
|
750
Rocket Lab Corp
RKLB
$33.3B
| $4.59M | 0.02% |
45,133
-804
| -2% | -$80.1K |
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.