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 |
Microsoft
MSFT
|
+$170M |
| 2 |
NVIDIA
NVDA
|
+$124M |
| 3 |
Amazon
AMZN
|
+$89.6M |
| 4 |
Apple
AAPL
|
+$76.8M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$70.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Schwab Intermediately-Term US Treasury ETF
SCHR
|
+$70.3M |
| 2 |
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
|
+$62.3M |
| 3 |
Roku
ROKU
|
+$36.8M |
| 4 |
TSMC
TSM
|
+$29.3M |
| 5 |
Citigroup
C
|
+$27.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.88% |
| 2 | Financials | 12.13% |
| 3 | Miscellaneous | 9.74% |
| 4 | Consumer Discretionary | 9.41% |
| 5 | Healthcare | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
2351
Seer Inc
SEER
$87.6M
| $146K | ﹤0.01% |
+65,580
| New | +$134K |
2026 Q3
0 quarters
|
|
2352
loanDepot
LDI
$245M
| $145K | ﹤0.01% |
+245,747
| New | +$227K |
2026 Q3
0 quarters
|
|
2353
Liberty Global Class A
LBTYA
$3.58B
| $145K | ﹤0.01% |
15,897
+27
| +0.2% | +$282 |
2026 Q1
2 quarters
|
|
2354
OnKure Therapeutics
OKUR
$108M
| $145K | ﹤0.01% |
+53,097
| New | +$200K |
2026 Q3
0 quarters
|
|
2355
PetMed Express
PETS
$20.9M
| $145K | ﹤0.01% |
104,841
+22,493
| +27% | +$41.2K |
2026 Q1
2 quarters
|
|
2356
Legacy Education Inc
LGCY
$105M
| $143K | ﹤0.01% |
+14,760
| New | +$163K |
2026 Q3
0 quarters
|
|
2357
Veritone
VERI
$45.9M
| $141K | ﹤0.01% |
+118,800
| New | +$131K |
2026 Q3
0 quarters
|
|
2358
Joby Aviation
JOBY
$5.16B
| $141K | ﹤0.01% |
+23,322
| New | +$169K |
2026 Q3
0 quarters
|
|
2359
Orion
OEC
$226M
| $140K | ﹤0.01% |
+25,000
| New | +$157K |
2026 Q3
0 quarters
|
|
2360
Drilling Tools International
DTI
$63.2M
| $140K | ﹤0.01% |
60,404
+7,161
| +13% | +$17.1K |
2026 Q2
1 quarter
|
|
2361
Nakamoto Inc
NAKA
$89.5M
| $140K | ﹤0.01% |
+14,749
| New | +$92.2K |
2026 Q3
0 quarters
|
|
2362
Alpha Pro Tech
APT
$63.4M
| $138K | ﹤0.01% |
+26,901
| New | +$140K |
2026 Q3
0 quarters
|
|
2363
Health Catalyst
HCAT
$115M
| $137K | ﹤0.01% |
+79,195
| New | +$151K |
2026 Q3
0 quarters
|
|
2364
Ondas Inc
ONDS
$3B
| $137K | ﹤0.01% |
18,671
+1,795
| +11% | +$14.1K |
2026 Q1
2 quarters
|
|
2365
Surf Air Mobility
SRFM
$74.7M
| $135K | ﹤0.01% |
+112,213
| New | +$87.4K |
2026 Q3
0 quarters
|
|
2366
Ark Restaurants
ARKR
| $134K | ﹤0.01% |
29,728
+6,428
| +28% | +$34.4K |
2026 Q1
2 quarters
|
|
2367
Arq
ARQ
$141M
| $134K | ﹤0.01% |
+67,647
| New | +$145K |
2026 Q3
0 quarters
|
|
2368
Apyx Medical
APYX
$118M
| $133K | ﹤0.01% |
+54,385
| New | +$190K |
2026 Q3
0 quarters
|
|
2369
Silvercrest Asset Management
SAMG
$87.8M
| $133K | ﹤0.01% |
+12,602
| New | +$127K |
2026 Q3
0 quarters
|
|
2370
Solid Power
SLDP
$403M
| $133K | ﹤0.01% |
+56,022
| New | +$131K |
2026 Q3
0 quarters
|
|
2371
Chimera Investment
CIM
$551M
| $133K | ﹤0.01% |
13,938
+240
| +2% | +$2.85K |
2026 Q1
2 quarters
|
|
2372
BRC Inc
BRCC
$212M
| $133K | ﹤0.01% |
+14,650
| New | +$143K |
2026 Q3
0 quarters
|
|
2373
Neumora Therapeutics
NMRA
$80.6M
| $132K | ﹤0.01% |
+221,217
| New | +$306K |
2026 Q3
0 quarters
|
|
2374
Caribou Biosciences
CRBU
$39.1M
| $131K | ﹤0.01% |
+103,500
| New | +$162K |
2026 Q3
0 quarters
|
|
2375
XBiotech
XBIT
$59.8M
| $130K | ﹤0.01% |
59,547
| – | – |
2023 Q2
13 quarters
|
|
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Empowered Funds's Q3 2026 Portfolio in Review
As of Q3 2026, Empowered Funds held 2,696 positions worth $21.7B, up 14% from $19B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Empowered Funds deployed $2.79B of net new capital in Q3 2026, opening 584 new positions and adding to 1,313 existing holdings. Its largest new stake was SK Hynix Inc: 193,851 shares worth $35.7M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 26% a quarter earlier, followed by Financials and Miscellaneous.
On the sell side, the largest reduction was Roku, an estimated $36.8M trimmed.
- Empowered Funds's largest Q3 2026 buy was SK Hynix Inc: 193,851 shares worth $35.7M.
- Empowered Funds added most to Microsoft in Q3 2026, an estimated $170M increase.
- Empowered Funds's biggest Q3 2026 reduction was Roku, cutting an estimated $36.8M.
- Empowered Funds fully exited Schwab Intermediately-Term US Treasury ETF in Q3 2026, selling an estimated $70.3M.
- Empowered Funds's ten largest holdings make up 19% of its $21.7B portfolio in Q3 2026.
- Empowered Funds opened 584 new positions and closed 184 in Q3 2026.
- Empowered Funds's portfolio value rose 14% quarter-over-quarter to $21.7B.
Based on Empowered Funds's 13F filing for Q3 2026, filed 13 Nov 2026.