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 | |
|---|---|---|---|---|---|---|---|
1101
Idexx Laboratories
IDXX
$52.9B
| $2.33M | 0.01% |
4,418
+246
| +6% | +$138K |
2023 Q2
12 quarters
|
|
1102
Kearny Financial
KRNY
$591M
| $2.32M | 0.01% |
245,710
-30,795
| -11% | -$254K |
2023 Q2
12 quarters
|
|
1103
NiSource
NI
$21.5B
| $2.32M | 0.01% |
48,753
+22,132
| +83% | +$1.05M |
2025 Q2
4 quarters
|
|
1104
Controladora Vuela Compania de Aviacion
VLRS
$787M
| $2.31M | 0.01% |
246,860
+94,443
| +62% | +$728K |
2026 Q1
1 quarter
|
|
1105
Miller Industries
MLR
$588M
| $2.31M | 0.01% |
45,188
+3,115
| +7% | +$150K |
2026 Q1
1 quarter
|
|
1106
Symbotic
SYM
$4.84B
| $2.31M | 0.01% |
51,281
+17,887
| +54% | +$912K |
2025 Q2
4 quarters
|
|
1107
iShares Russell Mid-Cap ETF
IWR
$58.1B
| $2.3M | 0.01% |
20,885
+18,696
| +854% | +$1.97M |
2026 Q1
1 quarter
|
|
1108
Dick's Sporting Goods
DKS
$14B
| $2.3M | 0.01% |
10,129
+902
| +10% | +$199K |
2026 Q1
1 quarter
|
|
1109
Tiptree Inc
TIPT
$641M
| $2.3M | 0.01% |
128,157
+9,138
| +8% | +$158K |
2023 Q2
12 quarters
|
|
1110
Warrior Met Coal
HCC
$4.34B
| $2.29M | 0.01% |
28,254
+261
| +0.9% | +$23.6K |
2022 Q4
14 quarters
|
|
1111
Chipotle Mexican Grill
CMG
$41.6B
| $2.29M | 0.01% |
67,383
-17,382
| -21% | -$568K |
2026 Q1
1 quarter
|
|
1112
Acco Brands
ACCO
$504M
| $2.29M | 0.01% |
550,371
+27,117
| +5% | +$100K |
2023 Q2
12 quarters
|
|
1113
Chewy
CHWY
$8.95B
| $2.28M | 0.01% |
+116,137
| New | +$2.64M |
2026 Q2
0 quarters
|
|
1114
PCB Bancorp
PCB
$421M
| $2.28M | 0.01% |
80,427
+1,601
| +2% | +$39.8K |
2023 Q2
12 quarters
|
|
1115
Timberland Bancorp
TSBK
$371M
| $2.28M | 0.01% |
50,775
+975
| +2% | +$40.3K |
2026 Q1
1 quarter
|
|
1116
Bloomin' Brands
BLMN
$933M
| $2.27M | 0.01% |
248,133
-442,004
| -64% | -$3.22M |
2026 Q1
1 quarter
|
|
1117
Biohaven
BHVN
$2.29B
| $2.26M | 0.01% |
152,060
+3,304
| +2% | +$35.6K |
2025 Q2
4 quarters
|
|
1118
Inspire Medical Systems
INSP
$1.94B
| $2.26M | 0.01% |
50,657
+15,781
| +45% | +$748K |
2026 Q1
1 quarter
|
|
1119
Regions Financial
RF
$24.7B
| $2.26M | 0.01% |
74,778
+8,208
| +12% | +$230K |
2023 Q3
11 quarters
|
|
1120
Schwab High Yield Bond ETF
SCYB
$2.78B
| $2.25M | 0.01% |
86,618
+15,795
| +22% | +$414K |
2026 Q1
1 quarter
|
|
1121
Gran Tierra Energy
GTE
$364M
| $2.25M | 0.01% |
360,592
+39,000
| +12% | +$319K |
2024 Q2
8 quarters
|
|
1122
Quest Diagnostics
DGX
$27.7B
| $2.25M | 0.01% |
10,624
+1,010
| +11% | +$198K |
2023 Q1
13 quarters
|
|
1123
Waters Corp
WAT
$44.2B
| $2.25M | 0.01% |
6,004
-1,954
| -25% | -$667K |
2026 Q1
1 quarter
|
|
1124
Nasdaq
NDAQ
$60.7B
| $2.25M | 0.01% |
28,507
+7,634
| +37% | +$670K |
2026 Q1
1 quarter
|
|
1125
BioMarin Pharmaceuticals
BMRN
$11.1B
| $2.25M | 0.01% |
39,267
+6,064
| +18% | +$332K |
2024 Q4
6 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.