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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 | |
|---|---|---|---|---|---|---|---|
1001
Titan International
TWI
$300M
| $2.86M | 0.02% |
370,595
-402,906
| -52% | -$3.11M |
2023 Q2
12 quarters
|
|
1002
First Business Financial Services
FBIZ
$628M
| $2.85M | 0.02% |
45,157
+3,175
| +8% | +$184K |
2026 Q1
1 quarter
|
|
1003
NextDecade
NEXT
$1.98B
| $2.85M | 0.02% |
378,254
+21,990
| +6% | +$174K |
2025 Q2
4 quarters
|
|
1004
Estee Lauder
EL
$39.6B
| $2.85M | 0.02% |
36,080
+4,105
| +13% | +$332K |
2026 Q1
1 quarter
|
|
1005
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$288M
| $2.85M | 0.02% |
+81,472
| New | +$2.9M |
2026 Q2
0 quarters
|
|
1006
Manitowoc
MTW
$831M
| $2.84M | 0.02% |
204,534
-19,903
| -9% | -$253K |
2026 Q1
1 quarter
|
|
1007
iShares MSCI USA Min Vol Factor ETF
USMV
$24.1B
| $2.83M | 0.01% |
29,306
+3,020
| +11% | +$287K |
2025 Q4
2 quarters
|
|
1008
Murphy USA
MUSA
$9.7B
| $2.82M | 0.01% |
5,234
-9,357
| -64% | -$5.08M |
2026 Q1
1 quarter
|
|
1009
Public Service Enterprise Group
PEG
$37B
| $2.79M | 0.01% |
34,425
+8,485
| +33% | +$678K |
2026 Q1
1 quarter
|
|
1010
Corpay
CPAY
$26.3B
| $2.79M | 0.01% |
8,381
+2,891
| +53% | +$960K |
2026 Q1
1 quarter
|
|
1011
Dropbox
DBX
$7.88B
| $2.78M | 0.01% |
101,275
-14,945
| -13% | -$384K |
2024 Q2
8 quarters
|
|
1012
CBRE Group
CBRE
$37.1B
| $2.78M | 0.01% |
20,609
+2,584
| +14% | +$356K |
2021 Q4
18 quarters
|
|
1013
Third Coast Bancshares
TCBX
$664M
| $2.77M | 0.01% |
68,596
+4,719
| +7% | +$184K |
2023 Q2
12 quarters
|
|
1014
iShares US Telecommunications ETF
IYZ
$851M
| $2.76M | 0.01% |
65,346
-9,161
| -12% | -$389K |
2026 Q1
1 quarter
|
|
1015
Titan Machinery
TITN
$561M
| $2.75M | 0.01% |
130,331
+9,200
| +8% | +$189K |
2023 Q2
12 quarters
|
|
1016
Gartner
IT
$14.4B
| $2.75M | 0.01% |
21,186
+6,349
| +43% | +$956K |
2026 Q1
1 quarter
|
|
1017
SpaceX
SPCX
$1.85T
| $2.75M | 0.01% |
+16,067
| New | +$2.73M |
2026 Q2
0 quarters
|
|
1018
Bar Harbor Bankshares
BHB
$678M
| $2.73M | 0.01% |
72,312
+5,202
| +8% | +$183K |
2026 Q1
1 quarter
|
|
1019
Consolidated Edison
ED
$43.1B
| $2.73M | 0.01% |
24,674
+7,898
| +47% | +$859K |
2026 Q1
1 quarter
|
|
1020
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$53.5B
| $2.72M | 0.01% |
22,863
+2,336
| +11% | +$267K |
2025 Q3
3 quarters
|
|
1021
DocuSign
DOCU
$15.3B
| $2.72M | 0.01% |
61,214
+34,402
| +128% | +$1.61M |
2026 Q1
1 quarter
|
|
1022
Omega Healthcare
OHI
$14.2B
| $2.71M | 0.01% |
56,877
-58,758
| -51% | -$2.72M |
2026 Q1
1 quarter
|
|
1023
Vanguard Long-Term Treasury ETF
VGLT
$10.9B
| $2.7M | 0.01% |
49,196
-17,335
| -26% | -$951K |
2021 Q3
19 quarters
|
|
1024
Vanguard Morningstar Growth ETF
VUG
$217B
| $2.7M | 0.01% |
31,371
-10,167
| -24% | -$855K |
2026 Q1
1 quarter
|
|
1025
Raymond James Financial
RJF
$30.2B
| $2.7M | 0.01% |
17,815
-5,547
| -24% | -$842K |
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.