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Empowered Funds Portfolio holdings
AUM
$19B
Turnover
18.36%
1-Year Est. Return
51.72%
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.
This Fund
S&P 500
This Quarter Est. Return
+24.74%
1 Year Est. Return
+51.72%
3 Year Est. Return
+126.89%
5 Year Est. Return
+174.8%
10 Year Est. Return
–
AUM
$19B
AUM Growth
+$3.32B
(+21%)
Cap. Flow
+$1.12B
Cap. Flow % of AUM
Cap. Flow %
5.9%
Top 10 Holdings %
Top 10 Hldgs %
17.4%
Holding
2,320
New
218
Increased
1,053
Reduced
749
Closed
208
Avg Time Held
0.9
years
Top 10 Avg Time Held
0.6
years
Top 20 Avg Time Held
0.8
years
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 | |
|---|---|---|---|---|---|---|---|
976
Monro
MNRO
$374M
| $2.98M | 0.02% |
173,998
+6,012
| +4% | +$98.4K |
2026 Q1
1 quarter
|
|
977
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$22.9B
| $2.97M | 0.02% |
25,307
-405
| -2% | -$47.3K |
2024 Q4
6 quarters
|
|
978
iShares 7-10 Year Treasury Bond ETF
IEF
$43.3B
| $2.96M | 0.02% |
+31,387
| New | +$2.97M |
2026 Q2
0 quarters
|
|
979
CACI
CACI
$14.9B
| $2.96M | 0.02% |
6,385
+177
| +3% | +$90.4K |
2026 Q1
1 quarter
|
|
980
Sterling Infrastructure
STRL
$10.2B
| $2.96M | 0.02% |
3,524
-398
| -10% | -$279K |
2026 Q1
1 quarter
|
|
981
Vanguard Total Bond Market
BND
$164B
| $2.95M | 0.02% |
+40,365
| New | +$2.96M |
2026 Q2
0 quarters
|
|
982
Frontline
FRO
$11.6B
| $2.95M | 0.02% |
+84,804
| New | +$3.12M |
2026 Q2
0 quarters
|
|
983
Onto Innovation
ONTO
$9.39B
| $2.95M | 0.02% |
7,788
-5,784
| -43% | -$1.64M |
2026 Q1
1 quarter
|
|
984
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.5B
| $2.94M | 0.02% |
+36,977
| New | +$2.96M |
2026 Q2
0 quarters
|
|
985
Darling Ingredients
DAR
$8.79B
| $2.94M | 0.02% |
53,835
+44,587
| +482% | +$2.66M |
2026 Q1
1 quarter
|
|
986
Vanguard Consumer Staples ETF
VDC
$8.33B
| $2.94M | 0.02% |
+13,018
| New | +$2.97M |
2026 Q2
0 quarters
|
|
987
Autoliv
ALV
$8.84B
| $2.93M | 0.02% |
25,212
+3,368
| +15% | +$400K |
2026 Q1
1 quarter
|
|
988
Ranger Energy Services
RNGR
$356M
| $2.93M | 0.02% |
182,836
+13,145
| +8% | +$215K |
2023 Q2
12 quarters
|
|
989
Green Brick Partners
GRBK
$2.58B
| $2.92M | 0.02% |
36,532
-26,990
| -42% | -$1.86M |
2026 Q1
1 quarter
|
|
990
iShares Gold Trust Micro
IAUM
$6.24B
| $2.92M | 0.02% |
72,922
+17,112
| +31% | +$769K |
2026 Q1
1 quarter
|
|
991
Abercrombie & Fitch
ANF
$6.98B
| $2.91M | 0.02% |
32,288
+2,766
| +9% | +$235K |
2026 Q1
1 quarter
|
|
992
Midland States Bancorp
MSBI
$683M
| $2.89M | 0.02% |
92,919
-3,767
| -4% | -$101K |
2026 Q1
1 quarter
|
|
993
Pangaea Logistics
PANL
$521M
| $2.89M | 0.02% |
444,844
+31,692
| +8% | +$241K |
2023 Q2
12 quarters
|
|
994
Restaurant Brands International
QSR
$25.2B
| $2.89M | 0.02% |
39,847
+28,451
| +250% | +$2.17M |
2025 Q3
3 quarters
|
|
995
Celanese
CE
$5.41B
| $2.89M | 0.02% |
62,763
+54,509
| +660% | +$3.15M |
2026 Q1
1 quarter
|
|
996
UL Solutions
ULS
$15.1B
| $2.88M | 0.02% |
28,299
-31
| -0.1% | -$2.93K |
2026 Q1
1 quarter
|
|
997
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.1B
| $2.88M | 0.02% |
4,095
+3,413
| +500% | +$2.29M |
2026 Q1
1 quarter
|
|
998
Lyft
LYFT
$6.12B
| $2.88M | 0.02% |
196,924
-943
| -0.5% | -$13.2K |
2023 Q3
11 quarters
|
|
999
RBB Bancorp
RBB
$432M
| $2.87M | 0.02% |
104,534
+3,071
| +3% | +$73.6K |
2023 Q2
12 quarters
|
|
1000
Capitol Federal Financial
CFFN
$1.04B
| $2.86M | 0.02% |
336,336
-18,740
| -5% | -$146K |
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.