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 | |
|---|---|---|---|---|---|---|---|
1376
Hawthorn Bancshares
HWBK
$288M
| $1.28M | 0.01% |
32,677
-373
| -1% | -$13.4K |
2026 Q1
1 quarter
|
|
1377
Smart Sand
SND
$201M
| $1.28M | 0.01% |
255,919
+18,921
| +8% | +$95.1K |
2023 Q2
12 quarters
|
|
1378
Portillo's
PTLO
$379M
| $1.28M | 0.01% |
270,110
+19,883
| +8% | +$96.3K |
2025 Q3
3 quarters
|
|
1379
Superior Group of Companies
SGC
$210M
| $1.28M | 0.01% |
97,544
| – | – |
2026 Q1
1 quarter
|
|
1380
monday.com
MNDY
$4.13B
| $1.28M | 0.01% |
17,677
+3,247
| +23% | +$238K |
2026 Q1
1 quarter
|
|
1381
Tower Semiconductor
TSEM
$17.9B
| $1.28M | 0.01% |
4,906
+609
| +14% | +$146K |
2026 Q1
1 quarter
|
|
1382
Princeton Bancorp
BPRN
$301M
| $1.28M | 0.01% |
33,610
-366
| -1% | -$13.1K |
2023 Q2
12 quarters
|
|
1383
PAMT Corp
PAMT
$261M
| $1.27M | 0.01% |
90,870
| – | – |
2026 Q1
1 quarter
|
|
1384
Hudbay
HBM
$9.8B
| $1.27M | 0.01% |
53,788
+17,190
| +47% | +$435K |
2026 Q1
1 quarter
|
|
1385
ManpowerGroup
MAN
$2.2B
| $1.26M | 0.01% |
37,240
-135,719
| -78% | -$4.15M |
2024 Q2
8 quarters
|
|
1386
First Capital
FCAP
$214M
| $1.26M | 0.01% |
19,452
| – | – |
2023 Q2
12 quarters
|
|
1387
Charter Communications
CHTR
$13.2B
| $1.26M | 0.01% |
8,830
-8,563
| -49% | -$1.43M |
2023 Q1
13 quarters
|
|
1388
Atlas Energy Solutions
AESI
$1.07B
| $1.25M | 0.01% |
75,453
+4,385
| +6% | +$71.7K |
2026 Q1
1 quarter
|
|
1389
Veralto
VLTO
$28.2B
| $1.25M | 0.01% |
14,123
+2,976
| +27% | +$258K |
2024 Q1
9 quarters
|
|
1390
Slide Insurance Holdings
SLDE
$3.22B
| $1.25M | 0.01% |
+64,629
| New | +$1.17M |
2026 Q2
0 quarters
|
|
1391
Pembina Pipeline
PBA
$29.4B
| $1.25M | 0.01% |
27,009
+1,493
| +6% | +$69.1K |
2026 Q1
1 quarter
|
|
1392
MGM Resorts International
MGM
$7.76B
| $1.24M | 0.01% |
26,032
+213
| +0.8% | +$8.85K |
2026 Q1
1 quarter
|
|
1393
Baxter International
BAX
$12.3B
| $1.24M | 0.01% |
58,161
+9,356
| +19% | +$174K |
2026 Q1
1 quarter
|
|
1394
Saic
SAIC
$6.37B
| $1.24M | 0.01% |
11,230
+690
| +7% | +$69.8K |
2026 Q1
1 quarter
|
|
1395
Pioneer Bancorp
PBFS
$445M
| $1.23M | 0.01% |
72,147
-3,000
| -4% | -$45.7K |
2026 Q1
1 quarter
|
|
1396
Bel Fuse Inc Class B
BELFB
$3.5B
| $1.23M | 0.01% |
3,691
+1,917
| +108% | +$518K |
2026 Q1
1 quarter
|
|
1397
Smurfit Westrock
SW
$22.7B
| $1.23M | 0.01% |
26,484
+4,121
| +18% | +$170K |
2024 Q3
7 quarters
|
|
1398
AMREP Corp
AXR
$110M
| $1.22M | 0.01% |
48,565
| – | – |
2026 Q1
1 quarter
|
|
1399
Perimeter Solutions
PRM
$4.59B
| $1.22M | 0.01% |
34,325
+20,169
| +142% | +$630K |
2025 Q4
2 quarters
|
|
1400
NerdWallet
NRDS
$713M
| $1.22M | 0.01% |
+132,136
| New | +$1.24M |
2026 Q2
0 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.