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 | |
|---|---|---|---|---|---|---|---|
1326
Usana Health Sciences
USNA
$272M
| $1.5M | 0.01% |
70,253
+3,960
| +6% | +$74.4K |
2025 Q1
5 quarters
|
|
1327
Holley
HLLY
$333M
| $1.5M | 0.01% |
588,016
+31,746
| +6% | +$90.1K |
2024 Q2
8 quarters
|
|
1328
Invesco FTSE RAFI US 1000 ETF
PRF
$10.1B
| $1.49M | 0.01% |
27,531
+2,095
| +8% | +$109K |
2025 Q4
2 quarters
|
|
1329
Global Payments
GPN
$26.4B
| $1.48M | 0.01% |
20,416
-9,965
| -33% | -$686K |
2023 Q3
11 quarters
|
|
1330
Kaspi.kz JSC
KSPI
$17.7B
| $1.48M | 0.01% |
+17,026
| New | +$1.44M |
2026 Q2
0 quarters
|
|
1331
Citizens
CIA
$188M
| $1.47M | 0.01% |
256,777
+18,290
| +8% | +$99.3K |
2026 Q1
1 quarter
|
|
1332
iShares Russell 3000 ETF
IWV
$20.2B
| $1.47M | 0.01% |
3,454
+64
| +2% | +$26.4K |
2026 Q1
1 quarter
|
|
1333
C&F Financial
CFFI
$362M
| $1.47M | 0.01% |
18,396
| – | – |
2023 Q2
12 quarters
|
|
1334
E.W. Scripps
SSP
$249M
| $1.47M | 0.01% |
529,733
+60,559
| +13% | +$229K |
2026 Q1
1 quarter
|
|
1335
Sea Limited
SE
$46.2B
| $1.47M | 0.01% |
15,294
-1,595
| -9% | -$140K |
2025 Q4
2 quarters
|
|
1336
Live Nation Entertainment
LYV
$41.3B
| $1.46M | 0.01% |
7,977
+959
| +14% | +$158K |
2026 Q1
1 quarter
|
|
1337
Consumer Portfolio Services
CPSS
$219M
| $1.46M | 0.01% |
151,758
| – | – |
2026 Q1
1 quarter
|
|
1338
Allegion
ALLE
$16.3B
| $1.45M | 0.01% |
10,306
-6,867
| -40% | -$933K |
2024 Q4
6 quarters
|
|
1339
Atmos Energy
ATO
$29.5B
| $1.44M | 0.01% |
8,349
+1,300
| +18% | +$233K |
2026 Q1
1 quarter
|
|
1340
PPL Corp
PPL
$27.2B
| $1.44M | 0.01% |
39,559
+10,596
| +37% | +$391K |
2023 Q4
10 quarters
|
|
1341
NewMarket
NEU
$6.96B
| $1.44M | 0.01% |
1,817
-1,736
| -49% | -$1.25M |
2026 Q1
1 quarter
|
|
1342
Knight Transportation
KNX
$10B
| $1.43M | 0.01% |
18,396
-591
| -3% | -$41K |
2026 Q1
1 quarter
|
|
1343
LCNB Corp
LCNB
$285M
| $1.43M | 0.01% |
81,330
+4,501
| +6% | +$75K |
2023 Q2
12 quarters
|
|
1344
Schwab International Equity ETF
SCHF
$67.6B
| $1.43M | 0.01% |
51,458
+16,201
| +46% | +$437K |
2026 Q1
1 quarter
|
|
1345
Universal Logistics Holdings
ULH
$753M
| $1.42M | 0.01% |
96,115
+5,312
| +6% | +$94.9K |
2023 Q2
12 quarters
|
|
1346
McEwen Inc
MUX
$862M
| $1.42M | 0.01% |
78,326
-197,058
| -72% | -$4.26M |
2024 Q4
6 quarters
|
|
1347
XPLR Infrastructure LP
XIFR
$910M
| $1.41M | 0.01% |
+119,626
| New | +$1.34M |
2026 Q2
0 quarters
|
|
1348
FVCBankcorp
FVCB
$303M
| $1.41M | 0.01% |
80,442
-12,708
| -14% | -$203K |
2023 Q2
12 quarters
|
|
1349
Invesco Large Cap Growth ETF
PWB
$2.49B
| $1.4M | 0.01% |
8,337
-647
| -7% | -$98.2K |
2025 Q4
2 quarters
|
|
1350
Invesco S&P 500 Top 50 ETF
XLG
$11.4B
| $1.4M | 0.01% |
22,900
-1,246
| -5% | -$76.1K |
2025 Q3
3 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.