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 |
Alpha Architect International Quantitative Momentum ETF
IMOM
|
+$6.54M |
| 2 |
Alpha Architect International Quantitative Value ETF
IVAL
|
+$5.95M |
| 3 |
Alpha Architect US Quantitative Momentum ETF
QMOM
|
+$5.65M |
| 4 |
Alpha Architect US Quantitative Value ETF
QVAL
|
+$5.52M |
| 5 |
Nordstrom
JWN
|
+$1.83M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cirrus Logic
CRUS
|
+$1.75M |
| 2 |
CTB
Cooper Tire & Rubber Co.
CTB
|
+$1.72M |
| 3 |
Tupperware Brands Corporation
TUP
|
+$1.62M |
| 4 |
Walmart Inc
WMT
|
+$1.62M |
| 5 |
Encompass Health
EHC
|
+$1.61M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 26.16% |
| 2 | Miscellaneous | 19.73% |
| 3 | Technology | 15.51% |
| 4 | Healthcare | 14.14% |
| 5 | Consumer Staples | 7.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Alpha Architect International Quantitative Momentum ETF
IMOM
$138M
| $6.55M | 5.31% |
+253,433
| New | +$6.54M |
2017 Q2
0 quarters
|
|
|
2
Alpha Architect International Quantitative Value ETF
IVAL
$228M
| $6.04M | 4.9% |
+201,534
| New | +$5.95M |
2017 Q2
0 quarters
|
|
|
3
Alpha Architect US Quantitative Momentum ETF
QMOM
$398M
| $5.57M | 4.52% |
+224,286
| New | +$5.65M |
2017 Q2
0 quarters
|
|
|
4
Alpha Architect US Quantitative Value ETF
QVAL
$727M
| $5.55M | 4.5% |
+217,857
| New | +$5.52M |
2017 Q2
0 quarters
|
|
5
DELISTED
Masimo
MASI
| $2.33M | 1.89% |
25,533
+17,370
| +213% | +$1.59M |
2017 Q1
1 quarter
|
|
6
InterDigital
IDCC
$7.61B
| $2.15M | 1.75% |
27,855
+2,148
| +8% | +$180K |
2017 Q1
1 quarter
|
|
|
7
DELISTED
Nordstrom
JWN
| $1.92M | 1.56% |
+40,196
| New | +$1.83M |
2017 Q2
0 quarters
|
|
8
Somnigroup International
SGI
$14B
| $1.81M | 1.47% |
+135,756
| New | +$1.6M |
2017 Q2
0 quarters
|
|
9
Sally Beauty Holdings
SBH
$1.67B
| $1.8M | 1.46% |
+88,871
| New | +$1.71M |
2017 Q2
0 quarters
|
|
10
Gilead Sciences
GILD
$208B
| $1.79M | 1.45% |
25,285
+2,788
| +12% | +$186K |
2017 Q1
1 quarter
|
|
11
ManpowerGroup
MAN
$2.14B
| $1.79M | 1.45% |
15,994
+337
| +2% | +$34.8K |
2017 Q1
1 quarter
|
|
12
Kohl's
KSS
$2.66B
| $1.74M | 1.41% |
+45,001
| New | +$1.73M |
2017 Q2
0 quarters
|
|
13
LyondellBasell Industries
LYB
$20.6B
| $1.73M | 1.4% |
+20,524
| New | +$1.7M |
2017 Q2
0 quarters
|
|
14
Teradata
TDC
$3.12B
| $1.73M | 1.4% |
+58,586
| New | +$1.72M |
2017 Q2
0 quarters
|
|
15
Capri Holdings
CPRI
$2.11B
| $1.72M | 1.4% |
+47,540
| New | +$1.73M |
2017 Q2
0 quarters
|
|
16
Williams-Sonoma
WSM
$29.5B
| $1.72M | 1.4% |
71,064
+6,908
| +11% | +$176K |
2017 Q1
1 quarter
|
|
|
ESRX
17
DELISTED
Express Scripts Holding Company
ESRX
| $1.72M | 1.39% |
26,939
+3,750
| +16% | +$236K |
2017 Q1
1 quarter
|
|
18
Bath & Body Works
BBWI
$4.25B
| $1.71M | 1.39% |
+39,330
| New | +$1.61M |
2017 Q2
0 quarters
|
|
19
Carter's
CRI
$1.24B
| $1.71M | 1.39% |
19,260
+1,415
| +8% | +$125K |
2017 Q1
1 quarter
|
|
20
Robert Half
RHI
$4.3B
| $1.69M | 1.37% |
35,325
+2,985
| +9% | +$140K |
2017 Q1
1 quarter
|
|
21
Tyson Foods
TSN
$20.8B
| $1.68M | 1.37% |
26,895
+1,572
| +6% | +$96.4K |
2017 Q1
1 quarter
|
|
22
Centene
CNC
$34.8B
| $1.67M | 1.36% |
+41,906
| New | +$1.58M |
2017 Q2
0 quarters
|
|
23
CVS Health
CVS
$115B
| $1.67M | 1.36% |
20,802
+1,455
| +8% | +$115K |
2017 Q1
1 quarter
|
|
24
Humana
HUM
$53.3B
| $1.67M | 1.36% |
+6,958
| New | +$1.58M |
2017 Q2
0 quarters
|
|
|
TFCFA
25
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $1.67M | 1.36% |
58,968
+7,306
| +14% | +$210K |
2017 Q1
1 quarter
|
|
Similar funds
Empowered Funds's Q2 2017 Portfolio in Review
As of Q2 2017, Empowered Funds held 135 positions worth $123M, up 26% from $97.6M the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Empowered Funds deployed $26.5M of net new capital in Q2 2017, opening 46 new positions and adding to 31 existing holdings. Its largest new stake was Alpha Architect International Quantitative Momentum ETF: 253,433 shares worth $6.55M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 26% of assets, down from 28% a quarter earlier, followed by Miscellaneous and Technology.
On the sell side, the largest reduction was HP, an estimated $1.01M trimmed.
- Empowered Funds's largest Q2 2017 buy was Alpha Architect International Quantitative Momentum ETF: 253,433 shares worth $6.55M.
- Empowered Funds added most to Masimo in Q2 2017, an estimated $1.59M increase.
- Empowered Funds's biggest Q2 2017 reduction was HP, cutting an estimated $1.01M.
- Empowered Funds fully exited Cirrus Logic in Q2 2017, selling an estimated $1.75M.
- Empowered Funds's ten largest holdings make up 29% of its $123M portfolio in Q2 2017.
- Empowered Funds opened 46 new positions and closed 43 in Q2 2017.
- Empowered Funds's portfolio value rose 26% quarter-over-quarter to $123M.
Based on Empowered Funds's 13F filing for Q2 2017, filed 8 Aug 2017.