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 | |
|---|---|---|---|---|---|---|---|
1476
DELISTED
NCS Multistage Holdings
NCSM
| $942K | 0.01% |
21,345
+1,492
| +8% | +$81.7K |
2026 Q1
1 quarter
|
|
1477
Grand Canyon Education
LOPE
$3.85B
| $933K | ﹤0.01% |
6,522
+684
| +12% | +$109K |
2023 Q4
10 quarters
|
|
1478
Royal Gold
RGLD
$19.4B
| $931K | ﹤0.01% |
4,664
+226
| +5% | +$52.5K |
2026 Q1
1 quarter
|
|
1479
Eastern Company
EML
$168M
| $930K | ﹤0.01% |
33,400
| – | – |
2026 Q1
1 quarter
|
|
1480
The Mosaic Company
MOS
$5.85B
| $929K | ﹤0.01% |
43,833
-4,611
| -10% | -$107K |
2023 Q1
13 quarters
|
|
1481
Funko
FNKO
$357M
| $919K | ﹤0.01% |
156,238
-67,351
| -30% | -$324K |
2026 Q1
1 quarter
|
|
1482
MainStreet Bancshares
MNSB
$152M
| $918K | ﹤0.01% |
37,171
+2,775
| +8% | +$65.3K |
2023 Q2
12 quarters
|
|
1483
SLM Corp
SLM
$3.35B
| $916K | ﹤0.01% |
35,296
+22,512
| +176% | +$507K |
2026 Q1
1 quarter
|
|
1484
Farmers & Merchants Bancorp
FMAO
$501M
| $907K | ﹤0.01% |
+29,657
| New | +$819K |
2026 Q2
0 quarters
|
|
1485
Laureate Education
LAUR
$4.51B
| $907K | ﹤0.01% |
24,959
-101,590
| -80% | -$3.43M |
2026 Q1
1 quarter
|
|
1486
Avery Dennison
AVY
$13.8B
| $903K | ﹤0.01% |
5,563
-8,858
| -61% | -$1.44M |
2026 Q1
1 quarter
|
|
1487
ePlus
PLUS
$2.42B
| $903K | ﹤0.01% |
10,845
-268
| -2% | -$22.3K |
2026 Q1
1 quarter
|
|
1488
Ultra Clean Holdings
UCTT
$2.38B
| $898K | ﹤0.01% |
+6,298
| New | +$554K |
2026 Q2
0 quarters
|
|
1489
SBA Communications
SBAC
$19.9B
| $890K | ﹤0.01% |
5,043
-172
| -3% | -$35.5K |
2023 Q4
10 quarters
|
|
1490
Rocket Companies
RKT
$36.3B
| $883K | ﹤0.01% |
56,091
-117,171
| -68% | -$1.69M |
2025 Q3
3 quarters
|
|
1491
Stanley Black & Decker
SWK
$15.6B
| $881K | ﹤0.01% |
9,357
+1,702
| +22% | +$133K |
2026 Q1
1 quarter
|
|
1492
DELISTED
Qorvo
QRVO
| $877K | ﹤0.01% |
9,403
-3,009
| -24% | -$278K |
2024 Q2
8 quarters
|
|
1493
Perma-Pipe International
PPIH
$240M
| $874K | ﹤0.01% |
32,097
+2,115
| +7% | +$65.3K |
2026 Q1
1 quarter
|
|
1494
Equitable Holdings
EQH
$14.7B
| $874K | ﹤0.01% |
19,909
+6,655
| +50% | +$278K |
2026 Q1
1 quarter
|
|
1495
First Trust Value Line Dividend Fund
FVD
$8.09B
| $868K | ﹤0.01% |
18,011
-18,356
| -50% | -$875K |
2025 Q4
2 quarters
|
|
1496
Krystal Biotech
KRYS
$9.8B
| $864K | ﹤0.01% |
2,325
+49
| +2% | +$14.6K |
2026 Q1
1 quarter
|
|
1497
Synaptics
SYNA
$4.68B
| $863K | ﹤0.01% |
6,949
+2,330
| +50% | +$263K |
2025 Q2
4 quarters
|
|
1498
argenx
ARGX
$56.1B
| $855K | ﹤0.01% |
922
+628
| +214% | +$518K |
2026 Q1
1 quarter
|
|
1499
Alliance Entertainment
AENT
$236M
| $853K | ﹤0.01% |
146,113
+10,276
| +8% | +$66.8K |
2024 Q4
6 quarters
|
|
1500
Vanguard Dividend Appreciation ETF
VIG
$116B
| $853K | ﹤0.01% |
3,605
-726
| -17% | -$167K |
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.