Empirical Asset Management, LLC

Registered adviser

CIK

1926596

Location

WELLESLEY, MA

Portfolio Value

Small $437,111,055

Diversification

Diversified

Filing Date

Global Rank

#4,194 / 8,827 ▲ 3

Top Industry

Semiconductors 13.6%

Period ended 4 months ago

Filed Aug 10, 2026 · 3mo

19 quarters · since Dec 2021

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, Nov 1, 2026

Form ADV adviser

CRD 155436

Roster of Nov 1, 2026

Regulatory AUM

$560,018,982

Main clients

Individuals and high net worth (89% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$444,683 gross assets

Private funds on Schedule D 7.B.(1)

As filed Apr 4, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$1,325,752 gross assets in 1 fund Hedge funds $1,325,752 (1)

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 Nov 2026	$560,018,982	Individuals and high net worth (89%)
Apr 2025 to Mar 2026	$467,001,856	Individuals and high net worth (88%)
Apr 2024 to Mar 2025	$328,685,091	Individuals and high net worth (87%)
May 2023 to Mar 2024	$290,243,469	Individuals and high net worth (92%)
Apr 2023	$290,243,469	Individuals and high net worth (92%)
Apr 2022 to Mar 2023	$204,985,630	Individuals and high net worth (86%)

3 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 33.4%, 44.4 effective positions, active share 53.5% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

47.0% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 10.3 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 53.5%; sector active share 33.1% against the combined 13F book's sector weights.

Over time 19 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

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

Top Position

11.3%

−0.3 pts

Top 5

23.8%

−2.5 pts

Top 10

33.4%

−3.5 pts

HHI

225

Diversified−26

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	46.0%	$201,076,017	186
Technology	21.1%	$92,020,606	54
Financial Services	6.8%	$29,733,634	46
Healthcare	5.5%	$24,230,873	31
Industrials	4.7%	$20,327,730	27
Consumer Cyclical	4.1%	$17,810,953	17
Communication Services	3.7%	$16,203,808	17
Energy	3.2%	$13,771,407	19
Consumer Defensive	2.7%	$11,626,973	17
Basic Materials	1.2%	$5,089,640	18
Utilities	0.9%	$4,079,187	8
Real Estate	0.3%	$1,140,227	6

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
ILS	Brookmont Catastrophic Bond ETF	+47,944	202,430	$0
SGOL	abrdn Gold ETF Trust	+20,097	231,691	$8,857,546
IWF	iShares Russell 1000 Growth ETF	+17,371	22,914	$2,845,231
GOVT	iShares U.S. Treasury Bond ETF	+16,388	56,188	$1,279,962
CSCO	Cisco Systems, Inc.	+13,244	33,743	$3,963,452
CTA	EIDP, Inc.	+12,758	92,415	$0
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	+10,783	31,231	$2,744,580
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	+10,661	98,159	$2,420,600
NVDA	Nvidia Corp	+10,511	49,426	$9,889,648
XLRE	State Street(R) Real Estate Select Sector SPDR(R) ETF	+8,949	66,438	$2,925,265
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+8,749	9,697	$1,158,985
IUSB	iShares Core Universal USD Bond ETF	+7,832	20,365	$939,844
KLAC	Kla Corp	+7,500	8,586	$2,590,482
IGOV	iShares International Treasury Bond ETF	+6,413	65,230	$2,676,386
C	Citigroup Inc	+5,793	7,798	$1,091,408
COWG	Pacer US Large Cap Cash Cows Growth Leaders ETF	+4,675	56,187	$2,255,683
GTO	Invesco Total Return Bond ETF	+4,233	13,708	$642,493
TDTF	FlexShares iBoxx 5-Year Target Duration TIPS Index Fund	+4,215	35,369	$840,721
PFE	Pfizer Inc	+4,189	13,097	$315,375
GOOGL	Alphabet Inc.	+4,149	14,815	$5,294,436
HYZD	WisdomTree Interest Rate Hedged High Yield Bond Fund	+3,857	49,431	$1,112,691
SHOP	Shopify Inc.	+3,779	7,017	$801,201
ICLO		+3,709	12,093	$309,338
AVGO	Broadcom Inc.	+3,672	6,248	$2,360,182
BWZ	State Street(R) SPDR(R) Bloomberg Short Term International Treasury Bond ETF	+3,654	18,397	$492,119
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SDCI	USCF ETF Trust	−149,744	206,224	$5,452,562
SLV	iShares Silver Trust	−30,276	67,443	$3,606,177
BSX	Boston Scientific Corp	−11,453	8,030	$342,720
TTD	Trade Desk, Inc.	−11,390	22,689	$410,217
VOO	VANGUARD 500 INDEX FUND	−8,466	927	$636,672
ORCL	Oracle Corp	−7,362	4,474	$655,664
XOM	ExxonMobil Holdings Corp	−6,686	12,263	$1,676,597
RSPT	Victory Portfolios II	−6,308	62,304	$4,018,608
VV	VANGUARD LARGE-CAP INDEX FUND	−6,260	5,578	$1,918,329
FOXA	Fox Corp	−6,229	5,000	$260,800
VTV	VANGUARD VALUE INDEX FUND	−6,004	1,070	$233,185
UBER	Uber Technologies, Inc	−5,334	8,281	$597,556
NEM	NEWMONT Corp	−5,148	3,029	$282,908
AAPL	Apple Inc.	−4,826	71,730	$20,755,792
VZ	Verizon Communications Inc	−4,275	5,557	$235,283
XTEN	BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF	−4,259	7,419	$338,158
FTNT	Fortinet, Inc.	−4,218	1,924	$295,564
VEA	Vanguard FTSE Developed Markets ETF	−3,981	10,505	$748,481
BINC		−3,904	5,555	$290,748
ANET	Arista Networks, Inc.	−3,820	9,372	$1,592,115
AGG	iShares Core U.S. Aggregate Bond ETF	−3,656	20,544	$2,033,445
SPY	Spdr S&P 500 ETF Trust	−3,529	15,611	$11,657,826
META	Meta Platforms, Inc.	−3,228	6,013	$3,387,062
PBI	Pitney Bowes Inc	−3,018	18,350	$321,492
IYW	iShares, Inc.	−2,918	32,446	$8,183,854
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SETM	Sprott Funds Trust	91,514	$2,851,576
PSLV	Sprott Physical Silver Trust	122,100	$2,304,027
REMX	VanEck Rare Earth and Strategic Metals ETF	22,981	$2,033,818
TRGP	Targa Resources Corp.	3,853	$1,033,143
JBL	Jabil Inc	2,120	$817,217
CMI	Cummins Inc	1,094	$780,251
ROK	Rockwell Automation, Inc	1,501	$743,115
INTC	Intel Corp	4,680	$653,468
MRVL	Marvell Technology, Inc.	2,142	$638,080
BE	Bloom Energy Corp	2,024	$612,664
JBHT	Hunt J B Transport Services Inc	2,104	$608,960
TGT	Target Corp	4,597	$600,414
ETR	Entergy Corp	5,154	$591,988
KEYS	Keysight Technologies, Inc.	1,661	$581,466
VTRS	Viatris Inc	36,456	$578,921
CVS	CVS HEALTH Corp	5,473	$566,181
FTV	Fortive Corp	9,123	$557,324
HAL	Halliburton Co	16,092	$546,323
ELV	Elevance Health, Inc.	1,399	$541,035
TPR	Tapestry, Inc.	3,684	$539,263
TMO	Thermo Fisher Scientific Inc.	929	$465,763
GM	General Motors Co	5,413	$417,234
TXN	Texas Instruments Inc	1,391	$414,615
FLG	Flagstar Bank, National Association	27,317	$408,115
CNC	Centene Corp	6,344	$407,221
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
SCHW	Schwab Charles Corp	12,070	$1,134,338
COP	Conocophillips	5,261	$694,452
INCY	Incyte Corp	7,373	$693,946
WRB	Berkley W R Corp	10,373	$687,522
TT	Trane Technologies plc	1,577	$657,198
YUM	Yum Brands Inc	3,986	$619,743
NFLX	Netflix Inc	6,276	$603,437
TROW	Price T Rowe Group Inc	6,381	$575,183
ACGL	Arch Capital Group Ltd.	5,188	$497,996
SPGI	S&P Global Inc.	1,065	$452,987
CDNS	Cadence Design Systems Inc	1,499	$416,527
NUGT	Direxion Daily Gold Miners Index Bull 2X Shares	2,000	$376,500
WMB	Williams Companies, Inc.	5,065	$368,630
SHLD	Global X Defense Tech ETF	5,165	$365,888
FUTY	Fidelity MSCI Utilities Index ETF	5,878	$347,213
EFV	iShares MSCI EAFE Value ETF	4,638	$344,835
OR	OR Royalties Inc.	8,591	$326,629
IAGG	iShares Core International Aggregate Bond ETF	6,491	$324,809
UVE	Universal Insurance Holdings, Inc.	9,282	$317,073
RUSHB	Rush Enterprises Inc \Tx\	4,923	$316,795
OKE	Oneok Inc	3,462	$312,930
YORW	York Water Co	10,165	$309,524
WPM	Wheaton Precious Metals Corp.	2,351	$308,004
UTL	Unitil Corp	5,825	$304,298
XRN	Chiron Real Estate Inc.	8,961	$296,429
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

446 tracked positions · $437,111,055 total · filing declares 448 positions · $444,014,115 · 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 446 positions by value · page 1 of 9

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	71,730	-4,826	$20,755,792	+6.8%	19	before history	4.75%
SPY	Spdr S&P 500 ETF Trust	Reduced	15,611	-3,529	$11,657,826	−6.3%	19	before history	2.67%
NVDA	Nvidia Corp Technology	Added	49,426	+10,511	$9,889,648	+45.7%	14	unpriced	2.26%
SGOL	abrdn Gold ETF Trust	Added	231,691	+20,097	$8,857,546	−6.2%	19	before history	2.03%
IYW	iShares, Inc.	Reduced	32,446	-2,918	$8,183,854	+27.6%	10	$131.47	1.87%
MU	Micron Technology Inc Technology	Added	6,072	+2,272	$7,008,848	+445.9%	4	$445.18	1.60%
LLY	ELI LILLY & Co Healthcare	Added	4,661	+1,252	$5,590,543	+78.3%	13	unpriced	1.28%
SDCI	USCF ETF Trust	Reduced	206,224	-149,744	$5,452,562	−43.8%	4	$23.26	1.25%
GOOGL	Alphabet Inc. Communication Services	Added	14,815	+4,149	$5,294,436	+72.6%	19	before history	1.21%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	18,878	-242	$4,499,382	+13.0%	19	before history	1.03%
MSFT	Microsoft Corp Technology	Reduced	11,857	-1,990	$4,422,898	−13.7%	19	before history	1.01%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	13,153	-539	$4,305,371	+6.9%	12	unpriced	0.98%
RSPT	Victory Portfolios II	Reduced	62,304	-6,308	$4,018,608	+29.4%	10	$33.71	0.92%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	11,293	-386	$3,982,815	+3.7%	18	unpriced	0.91%
CSCO	Cisco Systems, Inc. Technology	Added	33,743	+13,244	$3,963,452	+149.2%	19	before history	0.91%
GOOG	Alphabet Inc. Communication Services	Added	11,031	+985	$3,897,583	+35.2%	12	unpriced	0.89%
SLV	iShares Silver Trust	Reduced	67,443	-30,276	$3,606,177	−45.8%	17	$25.50	0.83%
META	Meta Platforms, Inc. Communication Services	Reduced	6,013	-3,228	$3,387,062	−35.9%	13	unpriced	0.77%
GLD	Spdr Gold Trust	Reduced	8,318	-919	$3,064,184	−22.9%	19	before history	0.70%
ARM	Arm Holdings PLC Technology	Reduced	8,380	-720	$2,971,296	+115.8%	10	$119.95	0.68%
XLRE	State Street(R) Real Estate Select Sector SPDR(R) ETF	Added	66,438	+8,949	$2,925,265	+24.6%	4	unpriced	0.67%
IVV	iShares Core S&P 500 ETF	Reduced	3,832	-470	$2,869,746	+2.1%	19	before history	0.66%
SETM	Sprott Funds Trust	NEW	91,514	NEW	$2,851,576	NEW	1	$35.41	0.65%
DELL	Dell Technologies Inc. Technology	Reduced	6,596	-589	$2,845,910	+141.3%	5	$110.11	0.65%
IWF	iShares Russell 1000 Growth ETF	Added	22,914	+17,371	$2,845,231	+20.4%	9	unpriced	0.65%
IWM	iShares Russell 2000 ETF	Added	9,292	+113	$2,791,781	+22.6%	10	unpriced	0.64%
QQQ	Invesco Qqq Trust, Series 1	Added	3,740	+947	$2,754,136	+70.8%	10	unpriced	0.63%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Added	31,231	+10,783	$2,744,580	+75.4%	18	unpriced	0.63%
CECO	Ceco Environmental Corp Industrials	Held	30,025	0	$2,724,468	+52.3%	19	before history	0.62%
QCOM	Qualcomm Inc Technology	Reduced	14,688	-1,325	$2,714,195	+31.6%	15	unpriced	0.62%
IGOV	iShares International Treasury Bond ETF	Added	65,230	+6,413	$2,676,386	+10.8%	14	unpriced	0.61%
		Held	13,997	0	$2,662,089	+12.6%	10	$139.63	0.61%
AMD	Advanced Micro Devices Inc Technology	Reduced	4,493	-83	$2,610,028	+180.4%	10	unpriced	0.60%
KLAC	Kla Corp Technology	Added	8,586	+7,500	$2,590,482	+62.0%	7	unpriced	0.59%
PWB	Victory Portfolios II	Added	15,282	+500	$2,574,405	+38.3%	4	$123.48	0.59%
LRCX	Lam Research Corp Technology	Added	5,743	+3,337	$2,488,614	+384.1%	2	$270.06	0.57%
FTC	First Trust Large Cap Growth AlphaDEX Fund	Added	12,603	+558	$2,442,083	+31.5%	4	$158.07	0.56%
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	Added	98,159	+10,661	$2,420,600	+11.1%	4	$24.96	0.55%
AMAT	Applied Materials Inc Technology	Added	3,285	+1,282	$2,375,055	+246.9%	2	$385.16	0.54%
AVGO	Broadcom Inc. Technology	Added	6,248	+3,672	$2,360,182	+196.0%	10	unpriced	0.54%
PSLV	Sprott Physical Silver Trust Financial Services	NEW	122,100	NEW	$2,304,027	NEW	1	$23.54	0.53%
COWG	Pacer US Large Cap Cash Cows Growth Leaders ETF	Added	56,187	+4,675	$2,255,683	+29.8%	4	$35.56	0.52%
IYH	iShares U.S. Healthcare ETF	Reduced	33,476	-1,994	$2,243,226	+2.6%	10	unpriced	0.51%
JNJ	Johnson & Johnson Healthcare	Added	8,572	+3,188	$2,177,030	+65.4%	18	unpriced	0.50%
SMLF	iShares U.S. Small-Cap Equity Factor ETF	Added	24,056	+530	$2,144,351	+20.7%	9	unpriced	0.49%
WMT	Walmart Inc. Consumer Defensive	Reduced	18,924	-2,341	$2,143,332	−18.9%	18	unpriced	0.49%
FNY	First Trust Mid Cap Growth AlphaDEX Fund	Added	18,745	+797	$2,077,883	+27.9%	4	$89.05	0.48%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	13,999	-61	$2,052,813	+1.1%	16	unpriced	0.47%
REMX	VanEck Rare Earth and Strategic Metals ETF	NEW	22,981	NEW	$2,033,818	NEW	1	$97.15	0.47%
AGG	iShares Core U.S. Aggregate Bond ETF	Reduced	20,544	-3,656	$2,033,445	−15.4%	9	unpriced	0.47%

Showing the top 50 of 446 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.