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 | |
|---|---|---|---|---|---|---|---|
1076
Flexsteel Industries
FLXS
$302M
| $2.46M | 0.01% |
33,021
+2,263
| +7% | +$127K |
2026 Q1
1 quarter
|
|
1077
Dolby
DLB
$5.93B
| $2.46M | 0.01% |
46,715
+9,069
| +24% | +$520K |
2024 Q2
8 quarters
|
|
1078
Tractor Supply
TSCO
$18.4B
| $2.46M | 0.01% |
77,680
-67,790
| -47% | -$2.34M |
2026 Q1
1 quarter
|
|
1079
Paycom
PAYC
$12B
| $2.45M | 0.01% |
19,469
-1,364
| -7% | -$178K |
2024 Q2
8 quarters
|
|
1080
Genpact
G
$6.78B
| $2.45M | 0.01% |
88,944
-21,813
| -20% | -$717K |
2024 Q1
9 quarters
|
|
1081
Zillow
Z
$7.27B
| $2.44M | 0.01% |
77,541
+16,120
| +26% | +$619K |
2026 Q1
1 quarter
|
|
1082
Liberty Latin America Class A
LILA
$1.69B
| $2.44M | 0.01% |
311,160
-79,784
| -20% | -$445K |
2023 Q2
12 quarters
|
|
1083
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.4B
| $2.44M | 0.01% |
10,029
+2,163
| +27% | +$503K |
2026 Q1
1 quarter
|
|
1084
BlueLinx
BXC
$619M
| $2.42M | 0.01% |
39,061
-70,957
| -64% | -$3.83M |
2023 Q2
12 quarters
|
|
1085
Virtus Investment Partners
VRTS
$804M
| $2.41M | 0.01% |
16,792
+1,473
| +10% | +$208K |
2026 Q1
1 quarter
|
|
1086
Evergy
EVRG
$20B
| $2.41M | 0.01% |
27,869
+18,244
| +190% | +$1.51M |
2024 Q3
7 quarters
|
|
1087
Invesco S&P Global Water Index ETF
CGW
$1.06B
| $2.41M | 0.01% |
36,639
-5,229
| -12% | -$335K |
2026 Q1
1 quarter
|
|
1088
Air Products & Chemicals
APD
$70.4B
| $2.39M | 0.01% |
8,212
-3,649
| -31% | -$1.06M |
2026 Q1
1 quarter
|
|
1089
iShares MSCI Intl Value Factor ETF
IVLU
$4.53B
| $2.39M | 0.01% |
57,202
+16,713
| +41% | +$701K |
2025 Q4
2 quarters
|
|
1090
Waterstone Financial
WSBF
$359M
| $2.39M | 0.01% |
115,282
-7,098
| -6% | -$132K |
2023 Q2
12 quarters
|
|
1091
Trade Desk
TTD
$5.93B
| $2.39M | 0.01% |
132,102
+114,132
| +635% | +$2.42M |
2023 Q1
13 quarters
|
|
1092
Stride
LRN
$3.18B
| $2.39M | 0.01% |
27,657
-1,950
| -7% | -$179K |
2024 Q4
6 quarters
|
|
1093
Dutch Bros
BROS
$6.05B
| $2.36M | 0.01% |
32,875
+7,045
| +27% | +$404K |
2026 Q1
1 quarter
|
|
1094
WeRide Inc
WRD
$1.41B
| $2.36M | 0.01% |
405,067
+224,419
| +124% | +$1.62M |
2026 Q1
1 quarter
|
|
1095
RingCentral
RNG
$6.49B
| $2.36M | 0.01% |
60,444
+5,829
| +11% | +$235K |
2024 Q4
6 quarters
|
|
1096
XPO
XPO
$22.3B
| $2.35M | 0.01% |
11,471
+7,562
| +193% | +$1.6M |
2026 Q1
1 quarter
|
|
1097
Clean Energy Fuels
CLNE
$320M
| $2.34M | 0.01% |
1,139,097
+63,273
| +6% | +$134K |
2026 Q1
1 quarter
|
|
1098
Invesco Solar ETF
TAN
$909M
| $2.33M | 0.01% |
39,401
+7,091
| +22% | +$431K |
2026 Q1
1 quarter
|
|
1099
Neurocrine Biosciences
NBIX
$14.8B
| $2.33M | 0.01% |
13,827
-70,144
| -84% | -$10.4M |
2025 Q1
5 quarters
|
|
1100
Riley Exploration Permian
REPX
$1.06B
| $2.33M | 0.01% |
70,582
+16,633
| +31% | +$593K |
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.