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 | |
|---|---|---|---|---|---|---|---|
1251
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
$38.2B
| $1.76M | 0.01% |
28,982
+2,344
| +9% | +$140K |
2025 Q4
2 quarters
|
|
1252
Ameresco
AMRC
$1.15B
| $1.76M | 0.01% |
63,769
-161,859
| -72% | -$4.68M |
2026 Q1
1 quarter
|
|
1253
Markel Group
MKL
$23.7B
| $1.76M | 0.01% |
900
+102
| +13% | +$190K |
2026 Q1
1 quarter
|
|
1254
Hanover Insurance
THG
$8.35B
| $1.76M | 0.01% |
8,202
+6,557
| +399% | +$1.24M |
2026 Q1
1 quarter
|
|
1255
OSI Systems
OSIS
$3.09B
| $1.75M | 0.01% |
8,010
+88
| +1% | +$21.6K |
2026 Q1
1 quarter
|
|
1256
GE HealthCare
GEHC
$37.2B
| $1.75M | 0.01% |
27,288
-136,093
| -83% | -$8.95M |
2023 Q2
12 quarters
|
|
1257
Warner Music
WMG
$16.4B
| $1.72M | 0.01% |
63,656
+8,763
| +16% | +$261K |
2026 Q1
1 quarter
|
|
1258
The Kraft Heinz Company
KHC
$29.1B
| $1.72M | 0.01% |
72,940
+21,558
| +42% | +$498K |
2026 Q1
1 quarter
|
|
1259
Ares Management
ARES
$30.5B
| $1.72M | 0.01% |
15,471
-5,450
| -26% | -$654K |
2023 Q4
10 quarters
|
|
1260
State Street SPDR Portfolio Long Term Treasury Index ETF
SPTL
$11.6B
| $1.72M | 0.01% |
65,860
+12,025
| +22% | +$314K |
2025 Q2
4 quarters
|
|
1261
Graphic Packaging
GPK
$3.31B
| $1.72M | 0.01% |
162,770
+147,544
| +969% | +$1.51M |
2026 Q1
1 quarter
|
|
1262
Onterris Inc
ONT
$770M
| $1.72M | 0.01% |
+85,054
| New | +$1.59M |
2026 Q2
0 quarters
|
|
1263
Donegal Group Class A
DGICA
$701M
| $1.71M | 0.01% |
90,606
| – | – |
2026 Q1
1 quarter
|
|
1264
Acacia Research
ACTG
$415M
| $1.71M | 0.01% |
366,026
+25,816
| +8% | +$124K |
2026 Q1
1 quarter
|
|
1265
iShares Core Dividend Growth ETF
DGRO
$44.6B
| $1.7M | 0.01% |
22,468
-761
| -3% | -$56.1K |
2025 Q4
2 quarters
|
|
1266
DexCom
DXCM
$29.6B
| $1.7M | 0.01% |
25,177
+7,554
| +43% | +$503K |
2026 Q1
1 quarter
|
|
1267
Fidelity Blue Chip Growth ETF
FBCG
$6.99B
| $1.69M | 0.01% |
27,186
-237
| -0.9% | -$14.1K |
2026 Q1
1 quarter
|
|
1268
Helen of Troy
HELE
$876M
| $1.69M | 0.01% |
+58,005
| New | +$1.37M |
2026 Q2
0 quarters
|
|
1269
Shoe Station Group
SHOE
$395M
| $1.68M | 0.01% |
113,428
-29,826
| -21% | -$509K |
2026 Q1
1 quarter
|
|
1270
First United
FUNC
$297M
| $1.68M | 0.01% |
38,112
| – | – |
2023 Q2
12 quarters
|
|
1271
Fiserv Inc
FISV
$33.5B
| $1.67M | 0.01% |
34,138
+2,371
| +7% | +$133K |
2026 Q1
1 quarter
|
|
1272
iShares US Technology ETF
IYW
$22.2B
| $1.67M | 0.01% |
6,632
-137
| -2% | -$31.5K |
2026 Q1
1 quarter
|
|
1273
Citizens Community Bancorp
CZWI
$224M
| $1.67M | 0.01% |
71,318
+2,705
| +4% | +$56.7K |
2026 Q1
1 quarter
|
|
1274
Mach Natural Resources
MNR
$1.5B
| $1.67M | 0.01% |
+131,906
| New | +$1.76M |
2026 Q2
0 quarters
|
|
1275
Magnera Corp
MAGN
$439M
| $1.67M | 0.01% |
141,758
+7,721
| +6% | +$84.6K |
2025 Q1
5 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.