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 | |
|---|---|---|---|---|---|---|---|
1226
Iron Mountain
IRM
$34.3B
| $1.87M | 0.01% |
14,840
-8,242
| -36% | -$1.01M |
2023 Q4
10 quarters
|
|
1227
SandRidge Energy
SD
$498M
| $1.87M | 0.01% |
136,761
-63
| -0% | -$939 |
2023 Q2
12 quarters
|
|
1228
Independent Bank Corp
IBCP
$825M
| $1.86M | 0.01% |
+51,572
| New | +$1.76M |
2026 Q2
0 quarters
|
|
|
SA
1229
Seabridge Gold
SA
$2.59B
| $1.85M | 0.01% |
+71,956
| New | +$2.16M |
2026 Q2
0 quarters
|
|
1230
Snap
SNAP
$9.22B
| $1.85M | 0.01% |
416,866
+78,092
| +23% | +$427K |
2023 Q1
13 quarters
|
|
1231
Hess Midstream
HESM
$4.16B
| $1.85M | 0.01% |
49,211
-19,778
| -29% | -$760K |
2026 Q1
1 quarter
|
|
1232
Bumble
BMBL
$798M
| $1.85M | 0.01% |
577,414
+30,629
| +6% | +$105K |
2024 Q4
6 quarters
|
|
1233
Columbia Sportswear
COLM
$3.64B
| $1.84M | 0.01% |
29,766
+3,035
| +11% | +$188K |
2026 Q1
1 quarter
|
|
1234
Imperial Petroleum
IMPP
$213M
| $1.84M | 0.01% |
398,562
+69,312
| +21% | +$337K |
2025 Q4
2 quarters
|
|
1235
Gray Television
GTN
$479M
| $1.84M | 0.01% |
462,801
-44,685
| -9% | -$206K |
2026 Q1
1 quarter
|
|
1236
Comstock Resources
CRK
$4.13B
| $1.83M | 0.01% |
122,868
+2,291
| +2% | +$35K |
2026 Q1
1 quarter
|
|
1237
Option Care Health
OPCH
$4.75B
| $1.83M | 0.01% |
+87,208
| New | +$2.03M |
2026 Q2
0 quarters
|
|
1238
Martin Marietta Materials
MLM
$39.2B
| $1.82M | 0.01% |
3,158
+323
| +11% | +$192K |
2026 Q1
1 quarter
|
|
1239
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.1B
| $1.82M | 0.01% |
11,774
+4,540
| +63% | +$712K |
2026 Q1
1 quarter
|
|
1240
Orrstown Financial Services
ORRF
$890M
| $1.81M | 0.01% |
+44,329
| New | +$1.67M |
2026 Q2
0 quarters
|
|
1241
Cheniere Energy
CQP
$31.2B
| $1.79M | 0.01% |
29,433
-7,209
| -20% | -$453K |
2024 Q1
9 quarters
|
|
1242
FS Bancorp
FSBW
$347M
| $1.79M | 0.01% |
41,313
+1,490
| +4% | +$61.1K |
2023 Q2
12 quarters
|
|
1243
Puma Biotechnology
PBYI
$525M
| $1.79M | 0.01% |
220,316
+16,275
| +8% | +$119K |
2025 Q2
4 quarters
|
|
1244
Southern First Bancshares
SFST
$579M
| $1.79M | 0.01% |
29,227
+1,986
| +7% | +$114K |
2026 Q1
1 quarter
|
|
1245
Petrobras
PBR
$136B
| $1.78M | 0.01% |
110,410
+48,475
| +78% | +$947K |
2025 Q2
4 quarters
|
|
1246
Mercantile Bank Corp
MBWM
$1.06B
| $1.78M | 0.01% |
30,969
-48,000
| -61% | -$2.53M |
2026 Q1
1 quarter
|
|
1247
Versant Media Group
VSNT
$4.5B
| $1.78M | 0.01% |
49,834
+5,350
| +12% | +$215K |
2026 Q1
1 quarter
|
|
1248
TKO Group
TKO
$13.5B
| $1.77M | 0.01% |
8,809
-11,725
| -57% | -$2.29M |
2025 Q1
5 quarters
|
|
1249
Kinross Gold
KGC
$24.2B
| $1.77M | 0.01% |
74,827
+17,167
| +30% | +$505K |
2026 Q1
1 quarter
|
|
1250
Jacobs Solutions
J
$18.8B
| $1.76M | 0.01% |
14,007
-2,737
| -16% | -$337K |
2023 Q3
11 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.