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 | |
|---|---|---|---|---|---|---|---|
776
Trustco Bank Corp NY
TRST
$984M
| $4.28M | 0.02% |
77,872
-1,800
| -2% | -$89.3K |
2026 Q1
1 quarter
|
|
777
Financial Institutions
FISI
$784M
| $4.25M | 0.02% |
109,154
+7,814
| +8% | +$278K |
2026 Q1
1 quarter
|
|
778
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
GRID
$11.1B
| $4.25M | 0.02% |
+22,174
| New | +$4.16M |
2026 Q2
0 quarters
|
|
779
Great Southern Bancorp
GSBC
$901M
| $4.24M | 0.02% |
54,040
+6,370
| +13% | +$449K |
2026 Q1
1 quarter
|
|
780
Forum Energy Technologies
FET
$891M
| $4.23M | 0.02% |
84,244
+5,689
| +7% | +$317K |
2024 Q1
9 quarters
|
|
781
Heritage Insurance Holdings
HRTG
$1.06B
| $4.23M | 0.02% |
162,183
+5
| +0% | +$125 |
2023 Q2
12 quarters
|
|
782
Nu Holdings
NU
$56.1B
| $4.23M | 0.02% |
316,512
-97,563
| -24% | -$1.32M |
2022 Q2
16 quarters
|
|
783
Pan American Silver
PAAS
$16.1B
| $4.22M | 0.02% |
94,329
-75
| -0.1% | -$4.02K |
2026 Q1
1 quarter
|
|
784
Amerant Bancorp
AMTB
$1.21B
| $4.2M | 0.02% |
164,730
| – | – |
2026 Q1
1 quarter
|
|
785
Shore Bancshares
SHBI
$768M
| $4.2M | 0.02% |
183,176
+13,203
| +8% | +$269K |
2026 Q1
1 quarter
|
|
786
Tyson Foods
TSN
$20.1B
| $4.2M | 0.02% |
73,350
-39,603
| -35% | -$2.48M |
2026 Q1
1 quarter
|
|
|
BZH
787
DELISTED
Beazer Homes USA
BZH
| $4.19M | 0.02% |
149,317
+7,940
| +6% | +$188K |
2023 Q2
12 quarters
|
|
788
El Pollo Loco
LOCO
$474M
| $4.19M | 0.02% |
246,867
-231
| -0.1% | -$3.31K |
2026 Q1
1 quarter
|
|
789
Harmony Biosciences
HRMY
$2.21B
| $4.17M | 0.02% |
114,538
+4,163
| +4% | +$131K |
2026 Q1
1 quarter
|
|
790
State Street Health Care Select Sector SPDR ETF
XLV
$48.6B
| $4.15M | 0.02% |
+26,139
| New | +$3.89M |
2026 Q2
0 quarters
|
|
791
Globe Life
GL
$12.3B
| $4.13M | 0.02% |
23,134
-4,073
| -15% | -$638K |
2026 Q1
1 quarter
|
|
792
Twilio
TWLO
$31.9B
| $4.13M | 0.02% |
20,019
-95,333
| -83% | -$16.9M |
2024 Q4
6 quarters
|
|
793
Coherent
COHR
$39.4B
| $4.12M | 0.02% |
10,437
+6,519
| +166% | +$2.31M |
2025 Q4
2 quarters
|
|
794
HomeTrust Bancshares
HTB
$751M
| $4.1M | 0.02% |
82,151
+5,826
| +8% | +$270K |
2026 Q1
1 quarter
|
|
795
MarineMax
HZO
$1.16B
| $4.09M | 0.02% |
111,769
+7,985
| +8% | +$256K |
2026 Q1
1 quarter
|
|
796
SmartFinancial
SMBK
$843M
| $4.08M | 0.02% |
86,995
+6,253
| +8% | +$266K |
2023 Q2
12 quarters
|
|
797
Tidewater
TDW
$3.93B
| $4.08M | 0.02% |
61,172
+10,368
| +20% | +$823K |
2025 Q4
2 quarters
|
|
798
Fluence Energy
FLNC
$746M
| $4.07M | 0.02% |
204,866
+26,539
| +15% | +$494K |
2026 Q1
1 quarter
|
|
799
Camden National
CAC
$996M
| $4.07M | 0.02% |
74,993
+5,349
| +8% | +$268K |
2026 Q1
1 quarter
|
|
800
Movado Group
MOV
$711M
| $4.06M | 0.02% |
103,365
+5,821
| +6% | +$182K |
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.