Empirical Finance, LLC
13F Reported Value
ⓘ$2.4B
Holdings
505
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
Empirical Finance, LLC disclosed 505 positions worth $2.4B in its Form 13F-HR for Q2 2026, led by $NVDA (NVIDIA CORP) at 7.0% of the equity portfolio, followed by $AAPL and $MSFT. During the quarter the fund opened 37 new positions and exited 15 — including a new stake in $HONA and a full exit from $GLD. The portfolio is most concentrated in Technology (43.0% of disclosed assets). All figures are sourced directly from Empirical Finance, LLC’s Form 13F-HR filing with the SEC under CIK 1572838.
AI Fund Analysis
Concentrating
Sector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 85.9#5
Quality
$169.0M844,676 sh - 76.4#84
Quality
$150.0M518,315 sh - 79.8#31
Quality
$94.9M254,426 sh - 68.7
Quality
$88.6M371,802 sh - 78.2
Quality
$78.4M221,920 sh - 78.2
Quality
$73.0M204,352 sh - 84.5
Quality
$56.3M148,958 sh - 86.2
Quality
$44.1M38,219 sh - 79.6
Quality
$43.4M77,020 sh - 53.9
Quality
$34.9M82,916 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 NVIDIA CORP$NVDA | 85.9#5 | $169.0M | 844,676 |
 Apple Inc.$AAPL | 76.4#84 | $150.0M | 518,315 |
 MICROSOFT CORP$MSFT | 79.8#31 | $94.9M | 254,426 |
 AMAZON COM INC$AMZN | 68.7 | $88.6M | 371,802 |
 Alphabet Inc.$GOOGL | 78.2 | $78.4M | 221,920 |
 Alphabet Inc.$GOOG | 78.2 | $73.0M | 204,352 |
 Broadcom Inc.$AVGO | 84.5 | $56.3M | 148,958 |
 MICRON TECHNOLOGY INC$MU | 86.2 | $44.1M | 38,219 |
 Meta Platforms, Inc.$META | 79.6 | $43.4M | 77,020 |
 Tesla, Inc.$TSLA | 53.9 | $34.9M | 82,916 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Empirical Finance, LLC's 505 positions.
Showing top 10 of 505 holdings.
Sector Allocation
Technology
$1.0B
Financials
$266.7M
Industrials
$245.5M
Consumer Discretionary
$212.7M
Healthcare
$193.0M
Energy
$117.8M
Other
$104.0M
Consumer Staples
$92.4M
Top Holdings — Empirical Finance, LLC (Q2 2026)
Top 150 of 505 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $NVDA | NVIDIA CORP | $169.0M | 7.0% | +4% | 85.9 |
| 2 | $AAPL | Apple Inc. | $150.0M | 6.2% | +3% | 76.4 |
| 3 | $MSFT | MICROSOFT CORP | $94.9M | 4.0% | +4% | 79.8 |
| 4 | $AMZN | AMAZON COM INC | $88.6M | 3.7% | -1% | 68.7 |
| 5 | $GOOGL | Alphabet Inc. | $78.4M | 3.3% | -5% | 78.2 |
| 6 | $GOOG | Alphabet Inc. | $73.0M | 3.0% | +4% | 78.2 |
| 7 | $AVGO | Broadcom Inc. | $56.3M | 2.3% | +4% | 84.5 |
| 8 | $MU | MICRON TECHNOLOGY INC | $44.1M | 1.8% | +3% | 86.2 |
| 9 | $META | Meta Platforms, Inc. | $43.4M | 1.8% | +3% | 79.6 |
| 10 | $TSLA | Tesla, Inc. | $34.9M | 1.4% | +4% | 53.9 |
| 11 |  $JPM | JPMORGAN CHASE & CO | $33.8M | 1.4% | +3% | 70.7 |
| 12 |  $LLY | ELI LILLY & Co | $33.0M | 1.4% | +3% | 87.5 |
| 13 |  $AMD | ADVANCED MICRO DEVICES INC | $32.5M | 1.4% | +4% | 79.8 |
| 14 |  $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $29.7M | 1.2% | -35% | — |
| 15 |  $BRK.B | BERKSHIRE HATHAWAY INC | $26.2M | 1.1% | +4% | 73.8 |
| 16 |  $JNJ | JOHNSON & JOHNSON | $21.6M | 0.9% | +3% | 69 |
| 17 |  $XOM.R34088 | EXXON MOBIL CORP | $21.4M | 0.9% | +3% | 57.9 |
| 18 |  $AMAT | APPLIED MATERIALS INC /DE | $21.2M | 0.9% | +3% | 72.3 |
| 19 |  $CAT | CATERPILLAR INC | $20.9M | 0.9% | +3% | 66.5 |
| 20 |  $INTC | INTEL CORP | $20.6M | 0.9% | +4% | 45.6 |
| 21 |  $LRCX | LAM RESEARCH CORP | $20.1M | 0.8% | +3% | 79.4 |
| 22 |  $ET | Energy Transfer LP | $19.8M | 0.8% | -26% | 64.4 |
| 23 |  $CSCO | CISCO SYSTEMS, INC. | $17.6M | 0.7% | +3% | 70.3 |
| 24 |  $WMT | Walmart Inc. | $16.7M | 0.7% | +4% | 60.2 |
| 25 |  $V | VISA INC. | $15.6M | 0.7% | +5% | 82.9 |
| 26 |  $ABBV | AbbVie Inc. | $15.4M | 0.6% | +3% | 72.6 |
| 27 |  $MA | Mastercard Inc | $14.9M | 0.6% | +3% | 85.1 |
| 28 |  $AX | Axos Financial, Inc. | $14.9M | 0.6% | -14% | 60.3 |
| 29 | — | VANGUARD INDEX FDS - TOTAL STK MKT | $14.8M | 0.6% | -28% | — |
| 30 |  $KLAC | KLA CORP | $14.5M | 0.6% | +932% | 78.6 |
| 31 |  $WES | Western Midstream Partners, LP | $14.4M | 0.6% | -25% | 71 |
| 32 |  $COST | COSTCO WHOLESALE CORP /NEW | $14.4M | 0.6% | +4% | 66.2 |
| 33 |  $OMAB | Central North Airport Group | $14.3M | 0.6% | -25% | — |
| 34 |  $PAC | Pacific Airport Group | $14.1M | 0.6% | -25% | — |
| 35 |  $GE | GENERAL ELECTRIC CO | $14.1M | 0.6% | +3% | 73.8 |
| 36 |  $BAC | BANK OF AMERICA CORP /DE/ | $13.7M | 0.6% | +3% | 67.6 |
| 37 |  $UNH | UNITEDHEALTH GROUP INC | $13.4M | 0.6% | -1% | 62.7 |
| 38 |  $HD | HOME DEPOT, INC. | $12.9M | 0.5% | +3% | 60.3 |
| 39 |  $CSWC | CAPITAL SOUTHWEST CORP | $12.5M | 0.5% | -15% | — |
| 40 |  $PG | PROCTER & GAMBLE Co | $12.5M | 0.5% | +3% | 64.6 |
| 41 | — | EA SERIES TRUST - ALPHA ARCHITECT | $12.5M | 0.5% | -26% | — |
| 42 |  $CVX | CHEVRON CORP | $12.3M | 0.5% | -2% | 62.8 |
| 43 |  $MS | MORGAN STANLEY | $12.3M | 0.5% | -14% | 75.8 |
| 44 | — | EA SERIES TRUST - US QUAN VALUE | $12.2M | 0.5% | -20% | — |
| 45 |  $MRK | Merck & Co., Inc. | $12.0M | 0.5% | +3% | 59.9 |
| 46 |  $GS | GOLDMAN SACHS GROUP INC | $11.5M | 0.5% | +3% | 73.5 |
| 47 |  $KO | COCA COLA CO | $11.0M | 0.5% | +3% | 69.5 |
| 48 |  $NFLX | NETFLIX INC | $10.8M | 0.5% | +3% | 78.8 |
| 49 |  $WFC | WELLS FARGO & COMPANY/MN | $10.4M | 0.4% | +3% | 61.8 |
| 50 |  $GEV | GE Vernova Inc. | $10.2M | 0.4% | +4% | 81.1 |
| 51 |  $PM | Philip Morris International Inc. | $9.7M | 0.4% | +4% | 75.9 |
| 52 |  $TXN | TEXAS INSTRUMENTS INC | $9.4M | 0.4% | +4% | 73.4 |
| 53 |  $C | CITIGROUP INC | $9.4M | 0.4% | +3% | 65 |
| 54 |  $MPLX | MPLX LP | $9.3M | 0.4% | -24% | 70 |
| 55 |  $RTX | RTX Corp | $9.2M | 0.4% | +3% | 73.2 |
| 56 |  $DLTR | DOLLAR TREE, INC. | $8.9M | 0.4% | +908% | 68 |
| 57 |  $IBM | INTERNATIONAL BUSINESS MACHINES CORP | $8.9M | 0.4% | +3% | 70 |
| 58 |  $SNDK | Sandisk Corp | $8.5M | 0.3% | +5% | 87.7 |
| 59 |  $QQQ | INVESCO QQQ TRUST, SERIES 1 | $8.3M | 0.3% | -8% | — |
| 60 |  $SFM | Sprouts Farmers Market, Inc. | $7.6M | 0.3% | -15% | 64.8 |
| 61 |  $APH | AMPHENOL CORP /DE/ | $7.3M | 0.3% | +4% | 79.3 |
| 62 |  $WDC | WESTERN DIGITAL CORP | $7.2M | 0.3% | +4% | 80.7 |
| 63 |  $VZ | VERIZON COMMUNICATIONS INC | $7.1M | 0.3% | +4% | 65.8 |
| 64 |  $AGM | FEDERAL AGRICULTURAL MORTGAGE CORP | $7.1M | 0.3% | -15% | 57.3 |
| 65 |  $ADI | ANALOG DEVICES INC | $6.9M | 0.3% | +3% | 79.2 |
| 66 |  $GLW | CORNING INC /NY | $6.9M | 0.3% | +4% | 73.7 |
| 67 |  $AXP | AMERICAN EXPRESS CO | $6.9M | 0.3% | +3% | 69.4 |
| 68 |  $AMGN | AMGEN INC | $6.8M | 0.3% | +3% | 79.2 |
| 69 |  $ORCL | ORACLE CORP | $6.8M | 0.3% | +5% | 66.2 |
| 70 |  $TMO | THERMO FISHER SCIENTIFIC INC. | $6.8M | 0.3% | +3% | 65.1 |
| 71 |  $VLO | VALERO ENERGY CORP/TX | $6.6M | 0.3% | +53% | 57.8 |
| 72 |  $PEP | PEPSICO INC | $6.5M | 0.3% | +3% | 63.4 |
| 73 |  $T | AT&T INC. | $6.5M | 0.3% | +11% | 65.7 |
| 74 |  $BKNG | Booking Holdings Inc. | $6.3M | 0.3% | +2762% | 58.5 |
| 75 |  $NEE | NEXTERA ENERGY INC | $6.2M | 0.3% | +4% | 64.6 |
| 76 |  $TJX | TJX COMPANIES INC /DE/ | $6.1M | 0.3% | +3% | 68.7 |
| 77 |  $DIS | Walt Disney Co | $6.1M | 0.3% | +3% | 60.1 |
| 78 | — | EA SERIES TRUST - ALPHA ARCHITECT | $6.0M | 0.3% | -32% | — |
| 79 |  $ASR | SOUTHEAST AIRPORT GROUP | $6.0M | 0.3% | -15% | — |
| 80 |  $DE | DEERE & CO | $5.9M | 0.3% | +3% | 55.4 |
| 81 | — | EA SERIES TRUST - INTL QUAN VALUE | $5.9M | 0.2% | -42% | — |
| 82 |  $UNP | UNION PACIFIC CORP | $5.8M | 0.2% | +3% | 69.7 |
| 83 |  $MEDP | Medpace Holdings, Inc. | $5.7M | 0.2% | -15% | 76.2 |
| 84 |  $QCOM | QUALCOMM INC/DE | $5.7M | 0.2% | +4% | 70.5 |
| 85 |  $ANET | Arista Networks, Inc. | $5.6M | 0.2% | +4% | 81.9 |
| 86 | — | PACER FDS TR - TRENDPILOT INTL | $5.6M | 0.2% | -21% | — |
| 87 |  $CVS | CVS HEALTH Corp | $5.6M | 0.2% | +3% | 59.4 |
| 88 |  $GILD | GILEAD SCIENCES, INC. | $5.5M | 0.2% | +3% | 57.4 |
| 89 |  $ABT | ABBOTT LABORATORIES | $5.5M | 0.2% | +3% | 65.5 |
| 90 |  $KR | KROGER CO | $5.4M | 0.2% | +1% | 52.6 |
| 91 |  $CRM | Salesforce, Inc. | $5.2M | 0.2% | +3% | 77 |
| 92 |  $COP | CONOCOPHILLIPS | $4.9M | 0.2% | +3% | 70.2 |
| 93 |  $ISRG | INTUITIVE SURGICAL INC | $4.9M | 0.2% | +4% | 79.9 |
| 94 |  $BLK | BlackRock, Inc. | $4.8M | 0.2% | +4% | 70 |
| 95 |  $PFE | PFIZER INC | $4.7M | 0.2% | +3% | 62 |
| 96 |  $SCHW | SCHWAB CHARLES CORP | $4.7M | 0.2% | +4% | 79.4 |
| 97 |  $LOW | LOWES COMPANIES INC | $4.6M | 0.2% | +3% | 60.8 |
| 98 |  $MPC | Marathon Petroleum Corp | $4.6M | 0.2% | +2% | 61 |
| 99 |  $LMT | LOCKHEED MARTIN CORP | $4.6M | 0.2% | +3% | 65.6 |
| 100 |  $COF | CAPITAL ONE FINANCIAL CORP | $4.6M | 0.2% | +3% | 62.4 |
| 101 |  $MO | ALTRIA GROUP, INC. | $4.6M | 0.2% | +4% | 67.4 |
| 102 |  $NGVC | Natural Grocers by Vitamin Cottage, Inc. | $4.6M | 0.2% | +0% | 52.6 |
| 103 |  $VRTX | VERTEX PHARMACEUTICALS INC / MA | $4.5M | 0.2% | +3% | 75.4 |
| 104 |  $PGR | PROGRESSIVE CORP/OH/ | $4.4M | 0.2% | +4% | 80.1 |
| 105 |  $BA | BOEING CO | $4.4M | 0.2% | +5% | 61.6 |
| 106 |  $PH | Parker-Hannifin Corp | $4.4M | 0.2% | +3% | 65.8 |
| 107 |  $DHR | DANAHER CORP /DE/ | $4.3M | 0.2% | +3% | 64.8 |
| 108 |  $SPGI | S&P Global Inc. | $4.3M | 0.2% | +3% | 76.1 |
| 109 |  $BMY | BRISTOL MYERS SQUIBB CO | $4.2M | 0.2% | +3% | 70.4 |
| 110 |  $GM | General Motors Co | $4.1M | 0.2% | -16% | 54.3 |
| 111 |  $SBUX | STARBUCKS CORP | $4.1M | 0.2% | +3% | 58.2 |
| 112 |  $CCZ | COMCAST CORP | $4.0M | 0.2% | +8% | 59.5 |
| 113 | — | EA SERIES TRUST - ALPHA ARCH 1-3 | $4.0M | 0.2% | +68% | — |
| 114 |  $DUK | Duke Energy CORP | $3.9M | 0.2% | +3% | 56.4 |
| 115 |  $TX | Ternium S.A. | $3.9M | 0.2% | -44% | — |
| 116 |  $PANW | Palo Alto Networks Inc | $3.8M | 0.2% | +11% | 65.5 |
| 117 |  $BNY | Bank of New York Mellon Corp | $3.8M | 0.2% | +3% | 74.1 |
| 118 |  $NEM | NEWMONT Corp /DE/ | $3.7M | 0.1% | -17% | 86.8 |
| 119 |  $SYK | STRYKER CORP | $3.7M | 0.1% | +4% | 72.1 |
| 120 |  $PWR | QUANTA SERVICES, INC. | $3.6M | 0.1% | +4% | 72.1 |
| 121 |  $MCK | MCKESSON CORP | $3.6M | 0.1% | +3% | 63.4 |
| 122 |  $SO | SOUTHERN CO | $3.6M | 0.1% | +4% | 62 |
| 123 |  $HWM | Howmet Aerospace Inc. | $3.6M | 0.1% | +4% | 73.9 |
| 124 |  $CDNS | CADENCE DESIGN SYSTEMS INC | $3.5M | 0.1% | +4% | 72.6 |
| 125 |  $CMI | CUMMINS INC | $3.5M | 0.1% | +3% | 58.1 |
| 126 |  $PNC | PNC FINANCIAL SERVICES GROUP, INC. | $3.5M | 0.1% | +3% | 73.7 |
| 127 |  $CSX | CSX CORP | $3.4M | 0.1% | +3% | 65.2 |
| 128 |  $FTNT | Fortinet, Inc. | $3.4M | 0.1% | +3% | 80.1 |
| 129 |  $NOW | ServiceNow, Inc. | $3.3M | 0.1% | +4% | 72.9 |
| 130 | — | PACER FDS TR - TRENDPILOT 100 | $3.3M | 0.1% | -21% | — |
| 131 |  $CI | Cigna Group | $3.3M | 0.1% | -9% | 66.2 |
| 132 | — | EA SERIES TRUST - US QUAN MOMENTUM | $3.3M | 0.1% | -20% | — |
| 133 |  $MAR | MARRIOTT INTERNATIONAL INC /MD/ | $3.3M | 0.1% | +3% | 61.7 |
| 134 |  $ADBE | ADOBE INC. | $3.2M | 0.1% | +3% | 77.6 |
| 135 |  $ADP | AUTOMATIC DATA PROCESSING INC | $3.2M | 0.1% | +3% | 69.8 |
| 136 |  $ELV | Elevance Health, Inc. | $3.2M | 0.1% | -11% | 59 |
| 137 |  $UAL | United Airlines Holdings, Inc. | $3.2M | 0.1% | -1% | 60.8 |
| 138 | — | VANGUARD STAR FDS - VG TL INTL STK F | $3.2M | 0.1% | -35% | — |
| 139 |  $FCX | FREEPORT-MCMORAN INC | $3.1M | 0.1% | +4% | 62 |
| 140 |  $MMM | 3M CO | $3.1M | 0.1% | +3% | 64.9 |
| 141 |  $USB | US BANCORP \DE\ | $3.1M | 0.1% | +4% | 65.3 |
| 142 |  $CCS | Century Communities, Inc. | $3.0M | 0.1% | -43% | 42.8 |
| 143 |  $TMUS | T-Mobile US, Inc. | $3.0M | 0.1% | +3% | 69.1 |
| 144 | — | EA SERIES TRUST - INTL QUAN MOMNTM | $3.0M | 0.1% | -43% | — |
| 145 |  $ORLY | O REILLY AUTOMOTIVE INC | $3.0M | 0.1% | +3% | 67.4 |
| 146 |  $PKBK | PARKE BANCORP, INC. | $2.9M | 0.1% | -15% | 63.5 |
| 147 |  $WM | WASTE MANAGEMENT INC | $2.9M | 0.1% | +3% | 67.6 |
| 148 |  $EMR | EMERSON ELECTRIC CO | $2.9M | 0.1% | +3% | 65.3 |
| 149 |  $MRSH | MARSH & MCLENNAN COMPANIES, INC. | $2.9M | 0.1% | +3% | 66.2 |
| 150 |  $GD | GENERAL DYNAMICS CORP | $2.9M | 0.1% | +4% | 68.7 |
New Positions (37)
$HONA Honeywell Aerospace Inc.$2.5M
$BTI British American Tobacco p.l.c.$1.2M
$MHK MOHAWK INDUSTRIES INC$945,646
$BF-A BROWN FORMAN CORP$789,240
$AYI ACUITY INC. (DE)$771,400
$PTCT PTC THERAPEUTICS, INC.$752,565
$TOL Toll Brothers, Inc.$708,425
$DECK DECKERS OUTDOOR CORP$704,463
$EAT BRINKER INTERNATIONAL, INC$687,288
$ANF ABERCROMBIE & FITCH CO /DE/$669,044
$MTN VAIL RESORTS INC$661,553
$FDXF FedEx Freight Holding Company, Inc.$601,886
$LEA LEAR CORP$600,857
$OPCH Option Care Health, Inc.$594,772
$LWAY Lifeway Foods, Inc.$590,683Exited Positions (15)
$GLD SPDR GOLD TRUST
$ATNI ATN International, Inc.
$ALLY Ally Financial Inc.
$CTRA Coterra Energy Inc.
$HOLX HOLOGIC INC
$ALSN Allison Transmission Holdings Inc
$CRMT AMERICAS CARMART INC
$DKS DICK'S SPORTING GOODS, INC.
$MAT MATTEL INC /DE/
$PODD INSULET CORP
$CE Celanese Corp
$VSNT Versant Media Group, Inc.
$MKTX MARKETAXESS HOLDINGS INC
$FLL FULL HOUSE RESORTS INCBrowse Top Institutional Investors
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