Empowered Funds, LLC

Registered adviser

CIK

1592828

Location

NEWTOWN SQUARE, PA

Portfolio Value

Large $18,422,113,039

Diversification

Diversified

Reports for

Altrius Capital Management, Inc. Argent Capital Management, LLC Bridgeway Capital Management, LLC Euclidean Technologies Management, LLC Freedom Day Solutions, LLC Gadsden, LLC Morgan Dempsey Capital Management, LLC Orcam Financial Group, LLC

+ 29 more

Strive Asset Management, LLC The Burney Company Astoria Portfolio Advisors, LLC Sepio Capital LP Arin Risk Advisors, LLC Sequoia Financial Group, LLC Keating Investment Counselors, Inc. Alpha Architect, LLC MarketDesk Indices LLC Cambria Investment Management, L.P. The Rock Creek Group, LP Smart Money Group, LLC ARS Investment Partners, LLC Castellan Group, LLC Matrix Asset Advsiors, Inc. Suncoast Equity Management, LLC Towle & Co. Dividend Assets Capital, LLC Warren Street Wealth Advisors Amplius Asset Management, LLC JLens Militia Investments, LLC Research Affiliates, LLC Stance Capital, LLC Avos Capital Management, LLC Avory & Company, LLC Sapient Capital, LLC Madison Avenue Financial Solutions, LLC Ritholtz Wealth Management LLC

Filing Date

Global Rank

#360 / 8,807 ▼ 6

Top Industry

Semiconductors 12.7%

Period ended 4 months ago

Filed Aug 17, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 171412

Roster of Oct 1, 2026

Regulatory AUM

$29,735,322,901

Main clients

Registered funds and BDCs (97% of AUM)

Registered funds advised

65 series (16 index, 65 ETFs)

$9,612,230,828 net assets· N-CEN Jun 30, 2026

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$29,735,322,901	Registered funds and BDCs (97%)
Apr 2025 to Mar 2026	$16,048,563,627	Registered funds and BDCs (95%)
Apr 2024 to Mar 2025	$9,162,031,346	Registered funds and BDCs (92%)
Jan 2024 to Mar 2024	$6,287,581,547	Registered funds and BDCs (90%)
May 2023 to Dec 2023	$2,173,245,825	Registered funds and BDCs (100%)
Apr 2023	$2,173,245,825	Registered funds and BDCs (100%)

4 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 18.8%, 172.2 effective positions, active share 40.7% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

54.3% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 7.2 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 40.7%; sector active share 9.1% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

2,109 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

3.3%

+0.1 pts

Top 5

12.5%

+0.5 pts

Top 10

18.8%

+0.8 pts

HHI

Diversified+4

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	27.1%	$5,001,391,837	258
Financial Services	12.8%	$2,362,681,939	374
Consumer Cyclical	10.4%	$1,918,772,065	264
Industrials	10.2%	$1,882,486,986	292
Healthcare	8.3%	$1,522,362,705	188
Energy	7.7%	$1,422,493,347	130
Unclassified	7.3%	$1,341,462,531	200
Communication Services	6.5%	$1,189,942,883	83
Consumer Defensive	3.9%	$713,646,002	104
Basic Materials	3.3%	$609,343,468	103
Utilities	1.6%	$297,568,705	45
Real Estate	0.9%	$159,960,571	68

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	+1,490,897	1,858,368	$41,515,940
EGO	Eldorado Gold Corp /Fi	+1,100,203	1,106,726	$34,408,111
HL	Hecla Mining Co/De/	+1,000,124	1,464,619	$22,599,069
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	+928,602	2,862,224	$70,582,443
AEO	American Eagle Outfitters Inc	+660,763	678,630	$11,672,434
HUN	Huntsman CORP	+652,329	781,193	$8,296,268
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+649,517	835,931	$399,215,566
APA	APA Corp	+608,852	872,996	$28,433,476
VIRT	Virtu Financial, Inc.	+606,784	713,559	$42,506,707
GFI	Gold Fields Ltd	+556,835	599,418	$20,134,450
HAL	Halliburton Co	+541,712	740,976	$25,156,131
PGY	Pagaya Technologies Ltd.	+506,358	623,019	$11,370,096
HPQ	Hp Inc	+488,002	540,574	$11,860,191
CCL	Carnival Corp Ltd.	+482,768	1,022,662	$29,217,450
STGW	Stagwell Inc	+456,648	911,598	$6,773,173
GTM	ZoomInfo Technologies Inc.	+433,228	766,802	$2,246,728
CDE	Coeur Mining, Inc.	+431,658	1,492,565	$24,358,658
C	Citigroup Inc	+410,567	559,997	$78,377,175
T	At&T Inc.	+402,708	1,110,650	$22,990,451
DVN	Devon Energy Corp/De	+391,685	738,935	$30,532,790
EQT	EQT Corp	+367,523	660,166	$35,101,021
BKNG	Booking Holdings Inc.	+361,511	373,458	$66,565,151
BKR	Baker Hughes Co	+361,445	425,661	$23,624,184
EXC	Exelon Corp	+355,981	413,894	$19,295,735
HPE	Hewlett Packard Enterprise Co	+314,030	460,948	$20,793,360
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ALIT	Alight, Inc. / Delaware	−2,022,351	104,649	$58,603
—		−813,457	270,526	$3,167,859
DHT	DHT Holdings, Inc.	−659,589	113,574	$1,877,377
TROX	Tronox Holdings plc	−460,819	102,558	$646,115
BLMN	Bloomin' Brands, Inc.	−442,004	248,133	$2,267,935
WNC	WABASH NATIONAL Corp	−441,805	148,079	$1,999,066
TWI	Titan International Inc	−402,906	370,595	$2,857,287
CNDT	CONDUENT Inc	−375,000	195,802	$285,870
CRCT	Cricut, Inc.	−374,767	45,828	$201,184
TDUP	ThredUp Inc.	−355,061	52,962	$362,789
AES	Aes Corp	−354,772	44,596	$653,776
FOXA	Fox Corp	−315,033	132,608	$6,916,828
ET	Energy Transfer LP	−313,339	1,669,064	$0
GT	Goodyear Tire & Rubber Co /Oh/	−304,984	1,038,250	$6,852,448
HALO	Halozyme Therapeutics, Inc.	−296,633	87,905	$6,880,320
YETI	YETI Holdings, Inc.	−273,149	15,976	$791,769
LZ	Legalzoom.Com, Inc.	−264,357	250,360	$1,534,706
—		−240,989	42,391	$0
FNF	Fidelity National Financial, Inc.	−227,327	17,259	$813,932
TBLA	Taboola.com Ltd.	−220,300	1,262,714	$6,313,570
YUMC	Yum China Holdings, Inc.	−219,126	9,890	$404,204
DNOW	DNOW Inc.	−216,274	677,911	$8,792,505
BTU	Peabody Energy Corp	−209,211	531,549	$12,289,412
IOO	iShares Global 100 ETF	−208,518	65,482	$0
LW	Lamb Weston Holdings, Inc.	−202,268	78,254	$3,379,006
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	83,446	$61,449,632
UMC	United Microelectronics Corp	1,891,076	$51,456,177
DAVE	Dave Inc./DE	105,686	$39,377,546
BBD	Bank Bradesco	5,321,870	$18,466,888
NVCR	NovoCure Ltd	1,154,431	$17,489,629
AXS	Axis Capital Holdings Ltd	149,596	$16,072,592
ANAB	Anaptysbio, Inc	206,010	$13,905,675
VISN	Vistance Networks, Inc.	813,243	$10,393,245
TIGO	Millicom International Cellular SA	106,689	$9,683,092
HONA	Honeywell Aerospace Inc.	43,101	$9,528,764
KGS	Kodiak Gas Services, Inc.	120,719	$9,069,617
LFUS	Littelfuse Inc /De	19,295	$8,785,591
BTSG	BrightSpring Health Services, Inc.	125,842	$8,776,221
STC	Stewart Information Services Corp	124,367	$8,210,709
PAGS	PagSeguro Digital Ltd.	776,694	$7,029,080
CCU	United Breweries Co Inc	602,635	$6,749,512
XSVN	BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF	142,405	$6,731,484
NMIH	NMI Holdings, Inc.	158,688	$6,520,489
KBE	State Street(R) SPDR(R) S&P(R) Bank ETF	93,708	$6,392,759
BWZ	State Street(R) SPDR(R) Bloomberg Short Term International Treasury Bond ETF	236,428	$6,324,449
ASTH	Astrana Health, Inc.	135,779	$6,301,503
SGOL	abrdn Gold ETF Trust	164,705	$6,296,672
BAI	BlackRock ETF Trust	111,543	$5,880,546
FNDF	Schwab Fundamental International Equity ETF	99,794	$5,265,130
DLR	Digital Realty Trust, Inc.	27,763	$4,985,676
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
KTOS	Kratos Defense & Security Solutions, Inc.	366,154	$25,817,517
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	351,173	$21,512,857
VGIT	VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND	352,227	$20,975,117
BRNY	Burney U.S. Factor Rotation ETF	277,681	$13,537,781
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	218,292	$12,778,813
KRMN	Karman Holdings Inc.	149,385	$11,958,268
UUUU	Energy Fuels Inc	511,478	$9,334,473
RACE	Ferrari N.V.	27,038	$9,151,011
VICR	Vicor Corp	51,091	$8,225,651
HII	Huntington Ingalls Industries, Inc.	19,733	$7,496,564
JBLU	Jetblue Airways Corp	1,432,400	$6,331,208
—		104,359	$6,271,975
SILJ		145,789	$4,332,849
HCSG	Healthcare Services Group Inc	215,824	$4,003,534
NWBI	Northwest Bancshares, Inc.	295,320	$3,747,610
MSGS	Madison Square Garden Sports Corp.	11,309	$3,634,711
AXSM	Axsome Therapeutics, Inc.	20,997	$3,548,912
NTR	Nutrien Ltd.	41,026	$3,095,821
EWJ	iShares MSCI Japan ETF	34,531	$2,915,797
BNO	United States Brent Oil Fund, LP	55,211	$2,871,524
BURL	Burlington Stores, Inc.	8,754	$2,848,373
FHN	First Horizon Corp	122,538	$2,788,963
—		15,318	$2,785,271
EQAL	Invesco Russell 1000 Equal Weight ETF	50,514	$2,783,321
—		41,140	$2,780,651
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

2,109 tracked positions · $18,422,113,039 total · filing declares 7,205 positions · $18,979,944,841 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 2,109 positions by value · page 1 of 43

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	3,016,930	+313,966	$603,657,516	+28.1%	3.28%
AAPL	Apple Inc. Technology	Reduced	1,607,892	-3,235	$465,259,619	+13.8%	2.53%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	835,931	+649,517	$399,215,566	+533.7%	2.17%
GOOGL	Alphabet Inc. Communication Services	Added	1,060,925	+83,214	$379,142,759	+34.9%	2.06%
MU	Micron Technology Inc Technology	Added	275,818	+31,876	$318,373,951	+286.3%	1.73%
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,228,034	+194,519	$292,689,616	+36.0%	1.59%
MSFT	Microsoft Corp Technology	Reduced	705,569	-101,404	$263,191,340	−11.9%	1.43%
AVGO	Broadcom Inc. Technology	Reduced	674,343	-25,161	$254,733,062	+17.7%	1.38%
LLY	ELI LILLY & Co Healthcare	Added	138,183	+297	$165,740,842	+30.7%	0.90%
META	Meta Platforms, Inc. Communication Services	Reduced	288,471	-115	$162,492,821	−1.6%	0.88%
XOM	ExxonMobil Holdings Corp Energy	Added	1,146,087	+135,417	$156,693,004	−8.6%	0.85%
JPM	Jpmorgan Chase & Co Financial Services	Added	475,472	+11,078	$155,636,242	+13.9%	0.84%
AMD	Advanced Micro Devices Inc Technology	Reduced	251,408	-9,369	$146,045,416	+175.3%	0.79%
LRCX	Lam Research Corp Technology	Reduced	312,654	-37,502	$135,482,353	+81.1%	0.74%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	1,899,607	-36,791	$135,346,998	+9.1%	0.73%
CVX	Chevron Corp Energy	Added	794,393	+45,511	$131,678,579	−15.0%	0.71%
GOOG	Alphabet Inc. Communication Services	Reduced	367,487	-52,662	$129,844,176	+7.7%	0.70%
EXPE	Expedia Group, Inc. Consumer Cyclical	Added	427,776	+147,384	$109,459,316	+69.1%	0.59%
BOXX	Alpha Architect 1-3 Month Box ETF	Reduced	923,075	-35,950	$108,082,848	−3.1%	0.59%
WDC	Western Digital Corp Technology	Reduced	152,676	-31,611	$97,517,209	+95.6%	0.53%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	100,519	+32,728	$94,032,504	+39.2%	0.51%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Added	1,537,403	+212,753	$91,767,582	+28.2%	0.50%
GEV	GE Vernova Inc. Industrials	Added	77,028	+5,470	$90,497,113	+44.9%	0.49%
VST	Vistra Corp. Utilities	Added	563,170	+122,059	$89,335,651	+34.7%	0.48%
JNJ	Johnson & Johnson Healthcare	Added	348,850	+36,477	$88,597,425	+16.0%	0.48%
GS	Goldman Sachs Group Inc Financial Services	Added	85,766	+26,094	$86,741,151	+71.8%	0.47%
TSLA	Tesla, Inc. Consumer Cyclical	Added	201,519	+19,163	$84,758,888	+25.0%	0.46%
AMAT	Applied Materials Inc /De Technology	Reduced	117,109	-8,656	$84,669,807	+97.0%	0.46%
C	Citigroup Inc Financial Services	Added	559,997	+410,567	$78,377,175	+362.5%	0.43%
CAT	Caterpillar Inc Industrials	Reduced	72,272	-3,009	$76,962,447	+44.3%	0.42%
PANW	Palo Alto Networks Inc Technology	Added	223,656	+2,178	$76,271,165	+114.8%	0.41%
VRT	Vertiv Holdings Co Industrials	Added	226,136	+20,501	$75,714,850	+46.9%	0.41%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	150,255	-28,819	$75,186,093	−12.4%	0.41%
MRK	Merck & Co., Inc. Healthcare	Added	576,918	+69,103	$74,133,959	+21.4%	0.40%
CSCO	Cisco Systems, Inc. Technology	Reduced	614,435	-68,407	$72,171,529	+36.2%	0.39%
NFLX	Netflix Inc Communication Services	Added	1,007,619	+149,271	$71,943,994	−12.8%	0.39%
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	Added	2,862,224	+928,602	$70,582,443	+46.5%	0.38%
INTC	Intel Corp Technology	Added	495,228	+31,618	$69,148,680	+238.0%	0.38%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	373,458	+361,511	$66,565,151	+32.3%	0.36%
BAC	Bank Of America Corp /De/ Financial Services	Added	1,155,193	+36,607	$65,822,890	+20.7%	0.36%
V	Visa Inc. Financial Services	Reduced	184,441	-13,495	$63,279,854	+5.8%	0.34%
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	Reduced	1,258,283	-89,482	$63,203,555	−6.1%	0.34%
QQQ	Invesco Qqq Trust, Series 1	NEW	83,446	NEW	$61,449,632	NEW	0.33%
VLO	Valero Energy Corp/Tx Energy	Added	231,804	+115,245	$60,371,029	+109.6%	0.33%
UNH	Unitedhealth Group Inc Healthcare	Added	139,558	+24,274	$58,004,483	+85.9%	0.31%
FIX	Comfort Systems USA Inc Industrials	Reduced	28,872	-6,639	$57,222,854	+16.9%	0.31%
WFC	Wells Fargo & Company/Mn Financial Services	Added	691,898	+6,296	$57,178,442	+4.8%	0.31%
AVDV	Avantis International Small Cap Value ETF	Added	548,409	+5,126	$56,513,547	+4.2%	0.31%
AVRE	Avantis Real Estate ETF	Reduced	1,191,067	-46,505	$56,432,754	+3.6%	0.31%
MPC	Marathon Petroleum Corp Energy	Added	219,714	+82,611	$56,174,272	+67.8%	0.30%

Showing the top 50 of 2,109 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.