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 | |
|---|---|---|---|---|---|---|---|
826
Copart
CPRT
$29.6B
| $3.87M | 0.02% |
137,453
+5,796
| +4% | +$187K |
2026 Q1
1 quarter
|
|
827
Ternium
TX
$10.2B
| $3.87M | 0.02% |
90,741
-70,430
| -44% | -$3.17M |
2026 Q1
1 quarter
|
|
828
Natural Gas Services Group
NGS
$401M
| $3.87M | 0.02% |
89,710
-6,439
| -7% | -$262K |
2023 Q2
12 quarters
|
|
829
Cooper-Standard Automotive
CPS
$371M
| $3.87M | 0.02% |
142,959
+5,055
| +4% | +$149K |
2025 Q2
4 quarters
|
|
830
Federal Signal
FSS
$7.14B
| $3.86M | 0.02% |
30,054
+4,684
| +18% | +$537K |
2026 Q1
1 quarter
|
|
831
LSB Industries
LXU
$796M
| $3.84M | 0.02% |
355,662
+16,204
| +5% | +$217K |
2026 Q1
1 quarter
|
|
832
Peapack-Gladstone Financial
PGC
$830M
| $3.84M | 0.02% |
81,146
+5,701
| +8% | +$241K |
2026 Q1
1 quarter
|
|
833
TC Energy
TRP
$66.3B
| $3.84M | 0.02% |
57,864
+7,157
| +14% | +$473K |
2025 Q3
3 quarters
|
|
834
Credo Technology Group
CRDO
$26.3B
| $3.83M | 0.02% |
14,096
-12,869
| -48% | -$2.54M |
2025 Q3
3 quarters
|
|
835
NB Bancorp
NBBK
$987M
| $3.83M | 0.02% |
181,399
+13,005
| +8% | +$268K |
2025 Q3
3 quarters
|
|
836
State Street SPDR S&P 400 Mid Cap Value ETF
MDYV
$2.84B
| $3.83M | 0.02% |
40,359
-240
| -0.6% | -$21.8K |
2025 Q4
2 quarters
|
|
837
Redwire
RDW
$1.96B
| $3.83M | 0.02% |
312,855
+66,454
| +27% | +$877K |
2026 Q1
1 quarter
|
|
838
Pinterest
PINS
$11.6B
| $3.82M | 0.02% |
181,875
+104,234
| +134% | +$2.09M |
2023 Q4
10 quarters
|
|
839
ACNB Corp
ACNB
$682M
| $3.82M | 0.02% |
64,319
+4,562
| +8% | +$244K |
2026 Q1
1 quarter
|
|
840
GraniteShares Gold Shares
BAR
$1.28B
| $3.82M | 0.02% |
96,550
-129,111
| -57% | -$5.74M |
2025 Q3
3 quarters
|
|
841
Red Cat Holdings
RCAT
$680M
| $3.82M | 0.02% |
358,352
+187,820
| +110% | +$2.16M |
2026 Q1
1 quarter
|
|
842
Quanex
NX
$997M
| $3.81M | 0.02% |
204,721
+14,678
| +8% | +$271K |
2026 Q1
1 quarter
|
|
843
NBT Bancorp
NBTB
$2.78B
| $3.81M | 0.02% |
77,153
+40,869
| +113% | +$1.87M |
2026 Q1
1 quarter
|
|
844
Village Super Market
VLGEA
$639M
| $3.81M | 0.02% |
90,257
+4,876
| +6% | +$210K |
2026 Q1
1 quarter
|
|
845
Watts Water Technologies
WTS
$11.9B
| $3.8M | 0.02% |
9,708
-18,168
| -65% | -$5.67M |
2026 Q1
1 quarter
|
|
846
Lumentum
LITE
$62B
| $3.77M | 0.02% |
4,399
-676
| -13% | -$603K |
2024 Q4
6 quarters
|
|
847
T. Rowe Price
TROW
$22.6B
| $3.74M | 0.02% |
32,923
+19,637
| +148% | +$2.01M |
2023 Q3
11 quarters
|
|
848
Concrete Pumping Holdings
BBCP
$527M
| $3.74M | 0.02% |
310,242
+16,836
| +6% | +$144K |
2026 Q1
1 quarter
|
|
849
Lucid Motors
LCID
$1.18B
| $3.73M | 0.02% |
+557,818
| New | +$3.6M |
2026 Q2
0 quarters
|
|
850
Business First Bancshares
BFST
$1.06B
| $3.73M | 0.02% |
121,404
| – | – |
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 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.