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 | Consumer Discretionary | 10.11% |
| 4 | Miscellaneous | 10.04% |
| 5 | Industrials | 9.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1451
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $1.02M | 0.01% |
12,322
-81,487
| -87% | -$6.81M |
2026 Q1
1 quarter
|
|
1452
Advanced Drainage Systems
WMS
$10.2B
| $1.02M | 0.01% |
+6,520
| New | +$932K |
2026 Q2
0 quarters
|
|
1453
LyondellBasell Industries
LYB
$22.2B
| $1.01M | 0.01% |
19,242
-10,013
| -34% | -$691K |
2021 Q4
18 quarters
|
|
1454
SPDR Gold Trust
GLD
$130B
| $1.01M | 0.01% |
2,749
-108
| -4% | -$44.7K |
2026 Q1
1 quarter
|
|
1455
Equinox Gold
EQX
$11.3B
| $1.01M | 0.01% |
104,035
+24,428
| +31% | +$315K |
2025 Q2
4 quarters
|
|
1456
VSE Corp
VSEC
$4.15B
| $1.01M | 0.01% |
4,424
+569
| +15% | +$109K |
2026 Q1
1 quarter
|
|
1457
OP Bancorp
OPBK
$225M
| $1.01M | 0.01% |
67,254
+4,615
| +7% | +$65.7K |
2023 Q2
12 quarters
|
|
1458
Kulicke & Soffa
KLIC
$3.88B
| $1M | 0.01% |
7,502
-62,626
| -89% | -$6.14M |
2026 Q1
1 quarter
|
|
1459
United States Oil Fund
USO
$1.88B
| $1M | 0.01% |
9,411
-14,010
| -60% | -$1.84M |
2026 Q1
1 quarter
|
|
1460
First Trust RBA American Industrial Renaissance ETF
AIRR
$8.47B
| $1000K | 0.01% |
7,501
-66
| -0.9% | -$8.33K |
2025 Q4
2 quarters
|
|
1461
Navios Maritime Partners
NMM
$2.6B
| $999K | 0.01% |
14,259
+3,348
| +31% | +$239K |
2025 Q4
2 quarters
|
|
1462
Pool Corp
POOL
$7.36B
| $998K | 0.01% |
4,645
+1,356
| +41% | +$271K |
2025 Q1
5 quarters
|
|
1463
Rio Tinto
RIO
$133B
| $995K | 0.01% |
10,485
+448
| +4% | +$45.4K |
2026 Q1
1 quarter
|
|
1464
AptarGroup
ATR
$8.7B
| $990K | 0.01% |
7,910
+427
| +6% | +$51.8K |
2026 Q1
1 quarter
|
|
1465
iShares MSCI Saudi Arabia ETF
KSA
$553M
| $990K | 0.01% |
26,525
+12,119
| +84% | +$471K |
2026 Q1
1 quarter
|
|
1466
First Majestic Silver
AG
$7.03B
| $981K | 0.01% |
57,836
+19,896
| +52% | +$394K |
2025 Q3
3 quarters
|
|
1467
International Paper
IP
$19.3B
| $980K | 0.01% |
25,717
+4,937
| +24% | +$169K |
2026 Q1
1 quarter
|
|
1468
Qualys
QLYS
$7.75B
| $979K | 0.01% |
7,118
-20,252
| -74% | -$1.99M |
2025 Q2
4 quarters
|
|
1469
SiriusXM
SIRI
$9.8B
| $979K | 0.01% |
33,129
-7,460
| -18% | -$200K |
2026 Q1
1 quarter
|
|
1470
Alliant Energy
LNT
$18.6B
| $975K | 0.01% |
12,779
+187
| +1% | +$13.6K |
2026 Q1
1 quarter
|
|
1471
CDW
CDW
$19.2B
| $969K | 0.01% |
6,892
-82,569
| -92% | -$10.4M |
2022 Q3
15 quarters
|
|
1472
Ventas
VTR
$44.8B
| $969K | 0.01% |
10,911
-4,560
| -29% | -$389K |
2023 Q4
10 quarters
|
|
1473
Eagle Bancorp Montana
EBMT
$169M
| $961K | 0.01% |
40,140
+2,974
| +8% | +$66.7K |
2023 Q2
12 quarters
|
|
1474
Chemed
CHE
$6.93B
| $959K | 0.01% |
2,060
+457
| +29% | +$192K |
2025 Q3
3 quarters
|
|
1475
Security National Financial
SNFCA
$238M
| $947K | 0.01% |
102,568
+7,166
| +8% | +$65.6K |
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 Consumer Discretionary.
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.