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 | |
|---|---|---|---|---|---|---|---|
901
Fabrinet
FN
$11.3B
| $3.34M | 0.02% |
5,949
-75
| -1% | -$48.3K |
2025 Q1
5 quarters
|
|
902
WIX.com
WIX
$3.14B
| $3.34M | 0.02% |
73,603
+47,170
| +178% | +$2.92M |
2026 Q1
1 quarter
|
|
903
PPG Industries
PPG
$27.6B
| $3.34M | 0.02% |
27,527
-94,300
| -77% | -$10.5M |
2026 Q1
1 quarter
|
|
904
Interactive Brokers
IBKR
$33.9B
| $3.33M | 0.02% |
38,305
+7,579
| +25% | +$631K |
2024 Q2
8 quarters
|
|
905
Simply Good Foods
SMPL
$1.08B
| $3.33M | 0.02% |
250,791
+162,597
| +184% | +$2.01M |
2026 Q1
1 quarter
|
|
906
California Resources
CRC
$4.67B
| $3.33M | 0.02% |
62,974
-7,057
| -10% | -$435K |
2023 Q3
11 quarters
|
|
907
Coursera
COUR
$1B
| $3.32M | 0.02% |
+588,317
| New | +$3.34M |
2026 Q2
0 quarters
|
|
908
dLocal
DLO
$3.9B
| $3.31M | 0.02% |
254,959
+152,887
| +150% | +$1.94M |
2026 Q1
1 quarter
|
|
909
Darden Restaurants
DRI
$25.2B
| $3.31M | 0.02% |
16,082
+3,320
| +26% | +$665K |
2026 Q1
1 quarter
|
|
910
Fair Isaac
FICO
$15.6B
| $3.31M | 0.02% |
2,771
-3,609
| -57% | -$4.04M |
2026 Q1
1 quarter
|
|
911
Carter Bankshares
CARE
$641M
| $3.31M | 0.02% |
97,298
+6,828
| +8% | +$185K |
2026 Q1
1 quarter
|
|
912
Burford Capital
BUR
$823M
| $3.3M | 0.02% |
805,817
+44,208
| +6% | +$202K |
2025 Q4
2 quarters
|
|
913
Petco
WOOF
$785M
| $3.3M | 0.02% |
1,213,287
+44,850
| +4% | +$124K |
2024 Q4
6 quarters
|
|
914
Amphastar Pharmaceuticals
AMPH
$1.15B
| $3.29M | 0.02% |
162,812
-18,520
| -10% | -$374K |
2025 Q2
4 quarters
|
|
915
Oil States International
OIS
$536M
| $3.28M | 0.02% |
409,537
+7,332
| +2% | +$69.5K |
2026 Q1
1 quarter
|
|
916
Bank OZK
OZK
$5.63B
| $3.28M | 0.02% |
62,902
+3,225
| +5% | +$157K |
2024 Q4
6 quarters
|
|
917
Primo Brands
PRMB
$7.52B
| $3.27M | 0.02% |
+133,962
| New | +$2.97M |
2026 Q2
0 quarters
|
|
918
iShares US Home Construction ETF
ITB
$2.48B
| $3.27M | 0.02% |
+31,298
| New | +$2.97M |
2026 Q2
0 quarters
|
|
919
NuScale Power
SMR
$2.2B
| $3.27M | 0.02% |
325,535
+196,043
| +151% | +$2.21M |
2026 Q1
1 quarter
|
|
920
Public Storage
PSA
$62.3B
| $3.26M | 0.02% |
10,247
+4,677
| +84% | +$1.43M |
2023 Q1
13 quarters
|
|
921
Chagee Holdings Ltd
CHA
$2.42B
| $3.26M | 0.02% |
271,174
+141,076
| +108% | +$1.54M |
2026 Q1
1 quarter
|
|
922
State Street Financial Select Sector SPDR ETF
XLF
$53.7B
| $3.26M | 0.02% |
60,789
+21,481
| +55% | +$1.12M |
2025 Q3
3 quarters
|
|
923
Direxion Daily Gold Miners Index Bear 2X ETF
DUST
$88.1M
| $3.26M | 0.02% |
+51,259
| New | +$2.66M |
2026 Q2
0 quarters
|
|
924
Descartes Systems
DSGX
$7.82B
| $3.25M | 0.02% |
46,881
+2,382
| +5% | +$170K |
2026 Q1
1 quarter
|
|
925
Packaging Corp of America
PKG
$23B
| $3.23M | 0.02% |
13,540
+3,260
| +32% | +$715K |
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.