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 | |
|---|---|---|---|---|---|---|---|
1126
ZoomInfo Technologies
GTM
$1.25B
| $2.25M | 0.01% |
766,802
+433,228
| +130% | +$1.95M |
2024 Q4
6 quarters
|
|
1127
Freshworks
FRSH
$3.71B
| $2.24M | 0.01% |
221,795
-5,138
| -2% | -$45.8K |
2026 Q1
1 quarter
|
|
1128
HEICO Corp
HEI
$47.2B
| $2.24M | 0.01% |
6,294
-22
| -0.3% | -$6.69K |
2026 Q1
1 quarter
|
|
1129
ITT
ITT
$18.1B
| $2.24M | 0.01% |
11,332
+3,804
| +51% | +$769K |
2025 Q1
5 quarters
|
|
1130
Federated Hermes
FHI
$4.67B
| $2.24M | 0.01% |
40,569
-45,769
| -53% | -$2.59M |
2026 Q1
1 quarter
|
|
1131
Pegasystems
PEGA
$5.66B
| $2.23M | 0.01% |
74,646
+18,218
| +32% | +$652K |
2026 Q1
1 quarter
|
|
1132
Johnson Outdoors
JOUT
$501M
| $2.23M | 0.01% |
48,530
+3,372
| +7% | +$160K |
2026 Q1
1 quarter
|
|
1133
Lithia Motors
LAD
$6.69B
| $2.23M | 0.01% |
7,671
-1,840
| -19% | -$523K |
2026 Q1
1 quarter
|
|
1134
GXO Logistics
GXO
$5.98B
| $2.22M | 0.01% |
43,806
+4,775
| +12% | +$247K |
2025 Q2
4 quarters
|
|
1135
Capital City Bank Group
CCBG
$889M
| $2.22M | 0.01% |
44,913
+3,197
| +8% | +$148K |
2026 Q1
1 quarter
|
|
1136
Rocky Brands
RCKY
$385M
| $2.22M | 0.01% |
53,802
+3,696
| +7% | +$144K |
2026 Q1
1 quarter
|
|
1137
iShares MSCI Global Gold Miners ETF
RING
$2.11B
| $2.22M | 0.01% |
34,311
-23,678
| -41% | -$1.81M |
2025 Q1
5 quarters
|
|
1138
Reddit
RDDT
$17.6B
| $2.21M | 0.01% |
12,760
+1,645
| +15% | +$263K |
2025 Q1
5 quarters
|
|
1139
American Financial Group
AFG
$12.9B
| $2.21M | 0.01% |
+15,812
| New | +$2.1M |
2026 Q2
0 quarters
|
|
1140
Peloton Interactive
PTON
$2.33B
| $2.21M | 0.01% |
373,952
-72,309
| -16% | -$390K |
2025 Q1
5 quarters
|
|
1141
John Hancock Multifactor Mid Cap ETF
JHMM
$6.06B
| $2.21M | 0.01% |
29,461
+192
| +0.7% | +$13.8K |
2025 Q3
3 quarters
|
|
1142
Minerals Technologies
MTX
$2.02B
| $2.21M | 0.01% |
29,833
+26,961
| +939% | +$2.04M |
2026 Q1
1 quarter
|
|
1143
Meritage Homes
MTH
$4.45B
| $2.21M | 0.01% |
26,316
-31,788
| -55% | -$2.17M |
2023 Q1
13 quarters
|
|
1144
Community Trust Bancorp
CTBI
$1.27B
| $2.2M | 0.01% |
30,448
-50,500
| -62% | -$3.36M |
2026 Q1
1 quarter
|
|
1145
Rush Enterprises Class A
RUSHA
$5.19B
| $2.2M | 0.01% |
+45,257
| New | +$2.13M |
2026 Q2
0 quarters
|
|
1146
Designer Brands
DBI
$339M
| $2.2M | 0.01% |
377,631
+12,821
| +4% | +$90.2K |
2026 Q1
1 quarter
|
|
1147
Blackbaud
BLKB
$2.45B
| $2.19M | 0.01% |
73,945
+29,160
| +65% | +$959K |
2026 Q1
1 quarter
|
|
1148
DXC Technology
DXC
$2.29B
| $2.19M | 0.01% |
247,291
+229,566
| +1,295% | +$2.38M |
2024 Q4
6 quarters
|
|
1149
STRATTEC Security
STRT
$250M
| $2.17M | 0.01% |
26,702
+1,804
| +7% | +$137K |
2026 Q1
1 quarter
|
|
1150
Caledonia Mining Corp
CMCL
$387M
| $2.17M | 0.01% |
113,837
-19,341
| -15% | -$439K |
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.