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 | |
|---|---|---|---|---|---|---|---|
851
Matador Resources
MTDR
$6.9B
| $3.73M | 0.02% |
74,906
+37,773
| +102% | +$2.15M |
2026 Q1
1 quarter
|
|
852
VeriSign
VRSN
$27.7B
| $3.72M | 0.02% |
14,785
+2,268
| +18% | +$630K |
2026 Q1
1 quarter
|
|
853
ProShares UltraPro QQQ
TQQQ
$30.6B
| $3.72M | 0.02% |
45,877
+26,908
| +142% | +$1.87M |
2024 Q4
6 quarters
|
|
854
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.44B
| $3.71M | 0.02% |
30,850
+28,318
| +1,118% | +$3.42M |
2026 Q1
1 quarter
|
|
855
Expeditors International
EXPD
$26.1B
| $3.7M | 0.02% |
22,726
-33,196
| -59% | -$5.13M |
2026 Q1
1 quarter
|
|
856
Dominion Energy
D
$59.6B
| $3.7M | 0.02% |
54,226
+15,984
| +42% | +$1.04M |
2023 Q1
13 quarters
|
|
857
Domino's
DPZ
$10.6B
| $3.7M | 0.02% |
12,506
-6,119
| -33% | -$2.01M |
2023 Q3
11 quarters
|
|
858
Fidelity Value Factor ETF
FVAL
$1.37B
| $3.69M | 0.02% |
47,384
-417
| -0.9% | -$31.9K |
2026 Q1
1 quarter
|
|
859
Shopify
SHOP
$201B
| $3.68M | 0.02% |
32,198
-1,688
| -5% | -$193K |
2023 Q1
13 quarters
|
|
860
Ranpak Holdings
PACK
$270M
| $3.67M | 0.02% |
501,570
+18,725
| +4% | +$108K |
2023 Q4
10 quarters
|
|
861
Capital Bancorp
CBNK
$704M
| $3.66M | 0.02% |
104,336
+3,794
| +4% | +$122K |
2026 Q1
1 quarter
|
|
862
Align Technology
ALGN
$10.9B
| $3.65M | 0.02% |
21,618
+15,307
| +243% | +$2.66M |
2026 Q1
1 quarter
|
|
863
Apogee Enterprises
APOG
$981M
| $3.64M | 0.02% |
+79,640
| New | +$2.97M |
2026 Q2
0 quarters
|
|
864
Live Oak Bancshares
LOB
$1.63B
| $3.64M | 0.02% |
89,193
+5
| +0% | +$187 |
2025 Q1
5 quarters
|
|
865
NETGEAR
NTGR
$606M
| $3.64M | 0.02% |
155,742
-4,163
| -3% | -$104K |
2024 Q1
9 quarters
|
|
866
Kodak
KODK
$861M
| $3.64M | 0.02% |
393,092
+4,176
| +1% | +$45.8K |
2026 Q1
1 quarter
|
|
867
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$6.58B
| $3.63M | 0.02% |
13,426
+9,153
| +214% | +$2.31M |
2024 Q4
6 quarters
|
|
868
Tactile Systems Technology
TCMD
$518M
| $3.61M | 0.02% |
121,116
+6,631
| +6% | +$167K |
2025 Q3
3 quarters
|
|
869
Home Bancorp
HBCP
$485M
| $3.6M | 0.02% |
52,468
+3,741
| +8% | +$242K |
2026 Q1
1 quarter
|
|
870
Realty Income
O
$54.5B
| $3.59M | 0.02% |
58,018
+27,417
| +90% | +$1.71M |
2026 Q1
1 quarter
|
|
871
Owens Corning
OC
$9.9B
| $3.58M | 0.02% |
22,531
-22,423
| -50% | -$2.72M |
2026 Q1
1 quarter
|
|
872
Vulcan Materials
VMC
$37.1B
| $3.57M | 0.02% |
12,115
+5,904
| +95% | +$1.69M |
2026 Q1
1 quarter
|
|
873
Kimball Electronics
KE
$630M
| $3.57M | 0.02% |
139,498
-75,785
| -35% | -$1.95M |
2023 Q2
12 quarters
|
|
874
Central Garden & Pet Co
CENT
$2.95B
| $3.57M | 0.02% |
80,404
+2,612
| +3% | +$102K |
2026 Q1
1 quarter
|
|
875
WEC Energy
WEC
$38.5B
| $3.55M | 0.02% |
30,428
-1,018
| -3% | -$116K |
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.