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 | |
|---|---|---|---|---|---|---|---|
1301
Proficient Auto Logistics
PAL
$81.9M
| $1.57M | 0.01% |
230,911
+11,742
| +5% | +$78.5K |
2025 Q4
2 quarters
|
|
1302
Choiceone Financial
COFS
$546M
| $1.57M | 0.01% |
46,209
+3,211
| +7% | +$100K |
2026 Q1
1 quarter
|
|
1303
Colony Bankcorp
CBAN
$439M
| $1.57M | 0.01% |
78,113
+5,729
| +8% | +$116K |
2023 Q2
12 quarters
|
|
1304
Ingersoll Rand
IR
$32B
| $1.57M | 0.01% |
19,091
+4,382
| +30% | +$339K |
2023 Q3
11 quarters
|
|
1305
Extra Space Storage
EXR
$32.4B
| $1.56M | 0.01% |
10,752
+3,399
| +46% | +$486K |
2023 Q3
11 quarters
|
|
1306
Lincoln Electric
LECO
$15.6B
| $1.56M | 0.01% |
5,878
+1,397
| +31% | +$366K |
2026 Q1
1 quarter
|
|
1307
Vanguard High Dividend Yield ETF
VYM
$83.6B
| $1.56M | 0.01% |
+9,874
| New | +$1.54M |
2026 Q2
0 quarters
|
|
1308
CenterPoint Energy
CNP
$28.1B
| $1.56M | 0.01% |
35,403
+1,407
| +4% | +$60.3K |
2024 Q1
9 quarters
|
|
1309
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
XSOE
$1.91B
| $1.55M | 0.01% |
31,512
+1,575
| +5% | +$73.2K |
2025 Q4
2 quarters
|
|
1310
iShares Core S&P US Value ETF
IUSV
$28.6B
| $1.54M | 0.01% |
14,000
+1,487
| +12% | +$161K |
2026 Q1
1 quarter
|
|
1311
Friedman Industries
FRD
$309M
| $1.54M | 0.01% |
47,857
+823
| +2% | +$19.5K |
2026 Q1
1 quarter
|
|
1312
LegalZoom.com
LZ
$1.19B
| $1.53M | 0.01% |
250,360
-264,357
| -51% | -$1.62M |
2026 Q1
1 quarter
|
|
1313
Loar Holdings
LOAR
$6.46B
| $1.53M | 0.01% |
18,985
-4,121
| -18% | -$263K |
2025 Q2
4 quarters
|
|
1314
Janus Living Inc
JAN
$6.66B
| $1.53M | 0.01% |
+53,132
| New | +$1.38M |
2026 Q2
0 quarters
|
|
1315
Toro Company
TTC
$10.4B
| $1.53M | 0.01% |
15,654
+2,452
| +19% | +$228K |
2026 Q1
1 quarter
|
|
1316
Keros Therapeutics
KROS
$212M
| $1.52M | 0.01% |
142,151
-3,366
| -2% | -$37.5K |
2026 Q1
1 quarter
|
|
1317
CNX Resources
CNX
$5.34B
| $1.52M | 0.01% |
44,780
-354
| -0.8% | -$12.8K |
2024 Q2
8 quarters
|
|
1318
Vanguard FTSE Europe ETF
VGK
$30.1B
| $1.52M | 0.01% |
17,149
+943
| +6% | +$82.5K |
2026 Q1
1 quarter
|
|
1319
Skyworks Solutions
SWKS
$20.4B
| $1.52M | 0.01% |
22,375
-178,574
| -89% | -$12.2M |
2023 Q1
13 quarters
|
|
1320
Unity Bancorp
UNTY
$595M
| $1.52M | 0.01% |
25,848
-24,000
| -48% | -$1.31M |
2026 Q1
1 quarter
|
|
1321
Kinetik
KNTK
$4.34B
| $1.51M | 0.01% |
31,292
+1,715
| +6% | +$82K |
2026 Q1
1 quarter
|
|
1322
DELISTED
RE/MAX Holdings
RMAX
| $1.51M | 0.01% |
152,992
-28,261
| -16% | -$247K |
2023 Q2
12 quarters
|
|
1323
FedEx Freight
FDXF
$20B
| $1.51M | 0.01% |
+9,984
| New | +$1.64M |
2026 Q2
0 quarters
|
|
1324
Pinduoduo
PDD
$118B
| $1.5M | 0.01% |
19,723
+618
| +3% | +$57.1K |
2026 Q1
1 quarter
|
|
1325
Paysafe
PSFE
$312M
| $1.5M | 0.01% |
201,159
-11,795
| -6% | -$92.3K |
2024 Q2
8 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.