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 | |
|---|---|---|---|---|---|---|---|
1401
Outdoor Holding Co
POWW
$275M
| $1.22M | 0.01% |
532,957
-100,000
| -16% | -$206K |
2023 Q2
12 quarters
|
|
1402
Dimensional US Equity ETF
DFUS
$21.5B
| $1.2M | 0.01% |
14,692
-8,377
| -36% | -$662K |
2025 Q4
2 quarters
|
|
1403
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$48.6B
| $1.2M | 0.01% |
13,171
-36,626
| -74% | -$3.35M |
2023 Q2
12 quarters
|
|
1404
CorVel
CRVL
$4.15B
| $1.2M | 0.01% |
19,147
+3,332
| +21% | +$194K |
2026 Q1
1 quarter
|
|
1405
MVB Financial
MVBF
$331M
| $1.18M | 0.01% |
40,816
+2,971
| +8% | +$79K |
2026 Q1
1 quarter
|
|
1406
Cable One
CABO
$31M
| $1.18M | 0.01% |
22,260
+1,619
| +8% | +$109K |
2025 Q2
4 quarters
|
|
1407
Hudson Technologies
HDSN
$181M
| $1.18M | 0.01% |
205,878
+11,323
| +6% | +$64.4K |
2026 Q1
1 quarter
|
|
1408
Affirm
AFRM
$24.8B
| $1.18M | 0.01% |
14,481
-31,684
| -69% | -$2.07M |
2024 Q4
6 quarters
|
|
1409
Donaldson
DCI
$9.6B
| $1.17M | 0.01% |
13,076
+1,871
| +17% | +$161K |
2026 Q1
1 quarter
|
|
1410
Alight
ALIT
$236M
| $1.17M | 0.01% |
104,649
-1,701
| -2% | -$24.1K |
2024 Q2
8 quarters
|
|
1411
CMS Energy
CMS
$22B
| $1.17M | 0.01% |
15,317
+2,059
| +16% | +$154K |
2026 Q1
1 quarter
|
|
1412
Novanta
NOVT
$5.51B
| $1.16M | 0.01% |
7,173
-637
| -8% | -$92.1K |
2025 Q2
4 quarters
|
|
1413
Vanguard Global ex-US Real Estate ETF
VNQI
$3.27B
| $1.16M | 0.01% |
25,930
+496
| +2% | +$22.8K |
2026 Q1
1 quarter
|
|
1414
SB Financial Group
SBFG
$193M
| $1.16M | 0.01% |
46,021
| – | – |
2023 Q2
12 quarters
|
|
1415
Oportun Financial
OPRT
$455M
| $1.16M | 0.01% |
203,478
+14,558
| +8% | +$78K |
2023 Q2
12 quarters
|
|
1416
Cambria US EW ETF
USEW
$189M
| $1.15M | 0.01% |
20,609
+10,491
| +104% | +$561K |
2026 Q1
1 quarter
|
|
1417
Fortive
FTV
$19.4B
| $1.15M | 0.01% |
18,824
-1,049
| -5% | -$63K |
2023 Q3
11 quarters
|
|
1418
Rambus
RMBS
$9.07B
| $1.15M | 0.01% |
8,637
+194
| +2% | +$25.2K |
2026 Q1
1 quarter
|
|
1419
Skeena Resources
SKE
$3.36B
| $1.14M | 0.01% |
42,935
+10,075
| +31% | +$303K |
2025 Q4
2 quarters
|
|
1420
Curtiss-Wright
CW
$17.6B
| $1.14M | 0.01% |
1,505
-13,855
| -90% | -$10.2M |
2026 Q1
1 quarter
|
|
1421
Lifetime Brands
LCUT
$194M
| $1.14M | 0.01% |
133,503
+9,375
| +8% | +$72.5K |
2024 Q1
9 quarters
|
|
1422
Ligand Pharmaceuticals
LGND
$6.43B
| $1.14M | 0.01% |
3,593
+1,053
| +41% | +$248K |
2026 Q1
1 quarter
|
|
1423
Brink's
BCO
$4.23B
| $1.13M | 0.01% |
11,994
+7,014
| +141% | +$731K |
2026 Q1
1 quarter
|
|
1424
Hormel Foods
HRL
$11.7B
| $1.13M | 0.01% |
45,469
+18,953
| +71% | +$421K |
2026 Q1
1 quarter
|
|
1425
J.M. Smucker
SJM
$13.9B
| $1.13M | 0.01% |
10,028
+1,105
| +12% | +$113K |
2026 Q1
1 quarter
|
|
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.