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 | |
|---|---|---|---|---|---|---|---|
876
State Street SPDR S&P Global Natural Resources ETF
GNR
$5.32B
| $3.55M | 0.02% |
52,755
+1,008
| +2% | +$73.7K |
2025 Q4
2 quarters
|
|
877
abrdn Physical Silver Shares ETF
SIVR
$3.41B
| $3.55M | 0.02% |
63,157
+24,491
| +63% | +$1.71M |
2026 Q1
1 quarter
|
|
878
Etsy
ETSY
$7.97B
| $3.55M | 0.02% |
47,100
-8,973
| -16% | -$578K |
2024 Q4
6 quarters
|
|
879
Ryman Hospitality Properties
RHP
$9.31B
| $3.54M | 0.02% |
27,545
+6,208
| +29% | +$689K |
2025 Q2
4 quarters
|
|
880
Moog Inc Class A
MOG.A
$11.3B
| $3.53M | 0.02% |
8,326
-23,888
| -74% | -$8.15M |
2026 Q1
1 quarter
|
|
881
Advance Auto Parts
AAP
$2.89B
| $3.53M | 0.02% |
56,683
-1,251
| -2% | -$71K |
2024 Q4
6 quarters
|
|
882
Becton Dickinson
BDX
$54.1B
| $3.51M | 0.02% |
23,220
-4,496
| -16% | -$672K |
2026 Q1
1 quarter
|
|
883
Southern Missouri Bancorp
SMBC
$796M
| $3.51M | 0.02% |
46,088
| – | – |
2026 Q1
1 quarter
|
|
884
Republic Services
RSG
$74.9B
| $3.51M | 0.02% |
16,456
-14,592
| -47% | -$3.05M |
2026 Q1
1 quarter
|
|
885
Performance Food Group
PFGC
$15.8B
| $3.5M | 0.02% |
31,313
+28,105
| +876% | +$2.67M |
2025 Q1
5 quarters
|
|
886
Willis Towers Watson
WTW
$30B
| $3.46M | 0.02% |
13,253
+4,557
| +52% | +$1.22M |
2023 Q2
12 quarters
|
|
887
Golar LNG
GLNG
$4.56B
| $3.46M | 0.02% |
69,447
-54
| -0.1% | -$2.86K |
2025 Q4
2 quarters
|
|
888
UiPath
PATH
$6.95B
| $3.45M | 0.02% |
317,733
+62,903
| +25% | +$672K |
2025 Q1
5 quarters
|
|
889
Icon
ICLR
$15.4B
| $3.43M | 0.02% |
19,738
+17,129
| +657% | +$2.18M |
2024 Q1
9 quarters
|
|
890
Xometry
XMTR
$5.47B
| $3.43M | 0.02% |
35,489
+7,336
| +26% | +$524K |
2026 Q1
1 quarter
|
|
891
East-West Bancorp
EWBC
$18.2B
| $3.43M | 0.02% |
26,533
+19,718
| +289% | +$2.42M |
2025 Q2
4 quarters
|
|
892
Sarepta Therapeutics
SRPT
$1.94B
| $3.42M | 0.02% |
190,586
+76,651
| +67% | +$1.45M |
2026 Q1
1 quarter
|
|
893
Castle Biosciences
CSTL
$1.07B
| $3.39M | 0.02% |
142,338
+10,154
| +8% | +$226K |
2025 Q2
4 quarters
|
|
894
Fastenal
FAST
$60.3B
| $3.38M | 0.02% |
70,474
-9,038
| -11% | -$410K |
2026 Q1
1 quarter
|
|
895
Houlihan Lokey
HLI
$10.2B
| $3.38M | 0.02% |
25,202
-2,631
| -9% | -$388K |
2026 Q1
1 quarter
|
|
896
Lamb Weston
LW
$7.8B
| $3.38M | 0.02% |
78,254
-202,268
| -72% | -$8.72M |
2026 Q1
1 quarter
|
|
897
Interface
TILE
$2.22B
| $3.37M | 0.02% |
+93,960
| New | +$2.74M |
2026 Q2
0 quarters
|
|
898
Farmers National Banc Corp
FMNB
$940M
| $3.35M | 0.02% |
229,725
+16,632
| +8% | +$234K |
2026 Q1
1 quarter
|
|
899
Builders FirstSource
BLDR
$7.3B
| $3.35M | 0.02% |
37,453
-86
| -0.2% | -$6.87K |
2023 Q1
13 quarters
|
|
900
Sierra Bancorp
BSRR
$553M
| $3.35M | 0.02% |
82,101
+5,869
| +8% | +$221K |
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.