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 | |
|---|---|---|---|---|---|---|---|
1051
Prosperity Bancshares
PB
$8.85B
| $2.59M | 0.01% |
35,532
+1,129
| +3% | +$78.5K |
2026 Q1
1 quarter
|
|
1052
Archer Daniels Midland
ADM
$36.5B
| $2.58M | 0.01% |
33,835
-8,302
| -20% | -$632K |
2026 Q1
1 quarter
|
|
1053
Malibu Boats
MBUU
$486M
| $2.58M | 0.01% |
94,144
+4,596
| +5% | +$122K |
2026 Q1
1 quarter
|
|
1054
Adtran
ADTN
$512M
| $2.57M | 0.01% |
+184,606
| New | +$2.88M |
2026 Q2
0 quarters
|
|
1055
Vanguard Ultra-Short Bond ETF
VUSB
$9.9B
| $2.56M | 0.01% |
51,645
+336
| +0.7% | +$16.7K |
2025 Q3
3 quarters
|
|
1056
Xcel Energy
XEL
$50.9B
| $2.56M | 0.01% |
31,850
+1,782
| +6% | +$142K |
2023 Q2
12 quarters
|
|
1057
Boyd Gaming
BYD
$5.44B
| $2.56M | 0.01% |
28,946
-11,206
| -28% | -$953K |
2026 Q1
1 quarter
|
|
1058
Vanguard Morningstar Small-Cap ETF
VB
$78.9B
| $2.55M | 0.01% |
8,415
-4,165
| -33% | -$1.19M |
2026 Q1
1 quarter
|
|
1059
Ingredion
INGR
$6.24B
| $2.55M | 0.01% |
27,141
-104,895
| -79% | -$11.1M |
2026 Q1
1 quarter
|
|
1060
Equifax
EFX
$22.6B
| $2.53M | 0.01% |
15,945
+4,126
| +35% | +$703K |
2026 Q1
1 quarter
|
|
1061
Alto Ingredients
ALTO
$271M
| $2.53M | 0.01% |
443,314
+32,267
| +8% | +$165K |
2026 Q1
1 quarter
|
|
1062
VF Corp
VFC
$7.63B
| $2.52M | 0.01% |
151,077
-24,552
| -14% | -$439K |
2026 Q1
1 quarter
|
|
1063
Northrim BanCorp
NRIM
$540M
| $2.52M | 0.01% |
90,728
+29,655
| +49% | +$736K |
2026 Q1
1 quarter
|
|
1064
Civista Bancshares
CIVB
$600M
| $2.51M | 0.01% |
88,966
+6,307
| +8% | +$160K |
2026 Q1
1 quarter
|
|
1065
Array Technologies
ARRY
$585M
| $2.51M | 0.01% |
338,687
+165,275
| +95% | +$1.32M |
2026 Q1
1 quarter
|
|
1066
Nexxen International
NEXN
$492M
| $2.5M | 0.01% |
277,376
+14,730
| +6% | +$116K |
2025 Q3
3 quarters
|
|
1067
MSC Industrial Direct
MSM
$6.68B
| $2.5M | 0.01% |
21,052
+14,284
| +211% | +$1.52M |
2026 Q1
1 quarter
|
|
1068
Cars.com
CARS
$625M
| $2.49M | 0.01% |
227,996
+16,578
| +8% | +$168K |
2026 Q1
1 quarter
|
|
1069
Brookfield Asset Management
BAM
$82.2B
| $2.48M | 0.01% |
55,375
+49,636
| +865% | +$2.34M |
2026 Q1
1 quarter
|
|
1070
ATN International
ATNI
$391M
| $2.48M | 0.01% |
93,650
| – | – |
2023 Q2
12 quarters
|
|
1071
BILL Holdings
BILL
$4.27B
| $2.48M | 0.01% |
68,565
-46,580
| -40% | -$1.72M |
2026 Q1
1 quarter
|
|
1072
Perdoceo Education
PRDO
$1.86B
| $2.48M | 0.01% |
77,441
-27,233
| -26% | -$934K |
2023 Q2
12 quarters
|
|
1073
First Bank
FRBA
$497M
| $2.47M | 0.01% |
139,237
+7,546
| +6% | +$121K |
2023 Q2
12 quarters
|
|
1074
Korn Ferry
KFY
$4.36B
| $2.47M | 0.01% |
37,045
-1,728
| -4% | -$117K |
2026 Q1
1 quarter
|
|
1075
Waste Connections
WCN
$47.1B
| $2.46M | 0.01% |
14,759
+7,790
| +112% | +$1.23M |
2025 Q2
4 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.