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 | |
|---|---|---|---|---|---|---|---|
1201
State Street SPDR MSCI EAFE StrategicFactors ETF
QEFA
$1.04B
| $1.97M | 0.01% |
20,560
+692
| +3% | +$66.7K |
2025 Q4
2 quarters
|
|
1202
M/I Homes
MHO
$3.36B
| $1.97M | 0.01% |
12,247
-2,754
| -18% | -$369K |
2023 Q2
12 quarters
|
|
1203
Loews
L
$22.8B
| $1.97M | 0.01% |
17,364
+5,738
| +49% | +$622K |
2026 Q1
1 quarter
|
|
1204
AMC Global Media
AMCX
$331M
| $1.95M | 0.01% |
195,817
-56,538
| -22% | -$501K |
2024 Q1
9 quarters
|
|
1205
Dow Inc
DOW
$24.7B
| $1.95M | 0.01% |
71,195
+14,428
| +25% | +$524K |
2026 Q1
1 quarter
|
|
1206
Nordson
NDSN
$18.2B
| $1.95M | 0.01% |
6,450
+3,744
| +138% | +$1.06M |
2026 Q1
1 quarter
|
|
1207
SiteOne Landscape Supply
SITE
$4.94B
| $1.95M | 0.01% |
17,001
-2,370
| -12% | -$286K |
2026 Q1
1 quarter
|
|
1208
SM Energy
SM
$8.91B
| $1.94M | 0.01% |
74,383
-106,789
| -59% | -$3.21M |
2023 Q1
13 quarters
|
|
1209
Tradeweb Markets
TW
$26.2B
| $1.94M | 0.01% |
19,480
+17,280
| +785% | +$1.87M |
2026 Q1
1 quarter
|
|
1210
Rollins
ROL
$17.3B
| $1.94M | 0.01% |
46,454
+32,736
| +239% | +$1.67M |
2026 Q1
1 quarter
|
|
1211
Wyndham Hotels & Resorts
WH
$5.83B
| $1.94M | 0.01% |
23,002
+14,403
| +167% | +$1.19M |
2025 Q2
4 quarters
|
|
1212
Vanguard Information Technology ETF
VGT
$140B
| $1.92M | 0.01% |
16,054
+5,878
| +58% | +$644K |
2025 Q2
4 quarters
|
|
1213
Carlisle Companies
CSL
$15.2B
| $1.91M | 0.01% |
5,277
-1,669
| -24% | -$585K |
2026 Q1
1 quarter
|
|
1214
Black Hills Corp
BKH
$6.29B
| $1.91M | 0.01% |
25,712
+783
| +3% | +$57.7K |
2026 Q1
1 quarter
|
|
1215
CorMedix
CRMD
$420M
| $1.91M | 0.01% |
243,232
-23,405
| -9% | -$185K |
2025 Q4
2 quarters
|
|
1216
Dimensional US Marketwide Value ETF
DFUV
$15.6B
| $1.91M | 0.01% |
34,672
-2,000
| -5% | -$105K |
2025 Q2
4 quarters
|
|
1217
Brown & Brown
BRO
$23.8B
| $1.9M | 0.01% |
29,545
+640
| +2% | +$39K |
2026 Q1
1 quarter
|
|
1218
Bankwell Financial Group
BWFG
$581M
| $1.89M | 0.01% |
32,191
+2,249
| +8% | +$119K |
2023 Q2
12 quarters
|
|
1219
Duolingo
DUOL
$6.33B
| $1.89M | 0.01% |
16,438
-2,744
| -14% | -$300K |
2025 Q4
2 quarters
|
|
1220
Penguin Solutions Inc
PENG
$2.43B
| $1.89M | 0.01% |
+24,852
| New | +$1.13M |
2026 Q2
0 quarters
|
|
1221
GigaCloud Technology
GCT
$2.05B
| $1.89M | 0.01% |
59,752
+29,781
| +99% | +$1.17M |
2023 Q4
10 quarters
|
|
1222
Caleres
CAL
$468M
| $1.88M | 0.01% |
152,181
+7,475
| +5% | +$97K |
2026 Q1
1 quarter
|
|
1223
iShares Silver Trust
SLV
$24.5B
| $1.88M | 0.01% |
35,131
+8,246
| +31% | +$547K |
2025 Q2
4 quarters
|
|
1224
DHT Holdings
DHT
$3.85B
| $1.88M | 0.01% |
113,574
-659,589
| -85% | -$11.8M |
2024 Q4
6 quarters
|
|
1225
Xerox
XRX
$166M
| $1.88M | 0.01% |
599,444
+69,046
| +13% | +$172K |
2023 Q4
10 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.