Empirical Finance, LLC reported 479 positions worth $2.31B for the quarter ended Jun 30, 2026, up 14.8% on the prior quarter. It opened 37 new positions, added to 377, trimmed 63 and exited 12. Its largest holding is Nvidia Corp at 7.3% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| DLTR Dollar Tree, Inc. | +66.5K | +908.4% | $8.05M | 0.387% |
| NVDA Nvidia Corp | +28.7K | +3.5% | $5.74M | 7.32% |
| AAPL Apple Inc. | +17.1K | +3.4% | $4.96M | 6.5% |
| MSFT Microsoft Corp | +8,683 | +3.5% | $3.24M | 4.11% |
| HONA Honeywell Aerospace Inc. | +11.5K | – | $2.54M | 0.11% |
| GOOGL Alphabet Inc. | +6,926 | +3.5% | $2.48M | 3.16% |
| VLO Valero Energy Corp | +8,862 | +53.3% | $2.31M | 0.287% |
| AVGO Broadcom Inc. | +5,920 | +4.1% | $2.24M | 2.44% |
| TSLA Tesla, Inc. | +3,490 | +4.4% | $1.47M | 1.51% |
| META Meta Platforms, Inc. | +2,572 | +3.5% | $1.45M | 1.88% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Co Ltd | -33.1K | -34.7% | $15.79M | 1.29% |
| ET Energy Transfer LP | -367.1K | -26.1% | $7.02M | 0.859% |
| WES Western Midstream Partners, LP | -112.2K | -25.4% | $4.91M | 0.626% |
| OMAB Central North Airport Group | -42.2K | -25.1% | $4.77M | 0.618% |
| PAC Pacific Airport Group | -18.8K | -25.1% | $4.75M | 0.612% |
| GOOG Alphabet Inc. | -12.0K | -5.1% | $4.24M | 3.4% |
| TX Ternium S.A. | -70.4K | -43.7% | $3.01M | 0.168% |
| MPLX Mplx Lp | -53.0K | -24.3% | $2.98M | 0.402% |
| PDLB Ponce Financial Group, Inc. | -133.2K | -53.8% | $2.66M | 0.099% |
| AX Axos Financial, Inc. | -25.4K | -14.3% | $2.48M | 0.645% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| HONA Honeywell Aerospace Inc. | +11.5K | $2.54M | 0.11% |
| BTI British American Tobacco p.l.c. | +20.0K | $1.24M | 0.054% |
| MHK Mohawk Industries Inc | +7,794 | $945.65K | 0.041% |
| BF-B Brown Forman Corp | +29.6K | $789.24K | 0.034% |
| AYI Acuity Inc. (De) | +2,048 | $771.40K | 0.033% |
| PTCT Ptc Therapeutics, Inc. | +9,226 | $752.57K | 0.033% |
| TOL Toll Brothers, Inc. | +4,300 | $708.43K | 0.031% |
| DECK Deckers Outdoor Corp | +7,095 | $704.46K | 0.031% |
| EAT Brinker International, Inc | +4,091 | $687.29K | 0.03% |
| ANF Abercrombie & Fitch Co | +7,433 | $669.04K | 0.029% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| GLD Spdr Gold Trust | -4,945 | $2.13M | 0.106% |
| ATNI ATN International, Inc. | -45.3K | $1.23M | 0.061% |
| ALLY Ally Financial Inc. | -22.0K | $863.06K | 0.043% |
| ALSN Allison Transmission Holdings Inc | -5,093 | $596.19K | 0.03% |
| CRMT Americas Carmart Inc | -43.5K | $553.98K | 0.028% |
| DKS Dick'S Sporting Goods, Inc. | -2,609 | $517.34K | 0.026% |
| MAT Mattel Inc | -31.2K | $452.96K | 0.023% |
| PODD Insulet Corp | -1,162 | $243.83K | 0.012% |
| CE Celanese Corp | -3,471 | $228.29K | 0.011% |
| VSNT Versant Media Group, Inc. | -5,999 | $222.08K | 0.011% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | NVDA Nvidia Corp | Technology | 844.7K | $169.01M | 7.32% | +28.7K | +3.5% | Added | 0% |
| 2 | AAPL Apple Inc. | Technology | 518.3K | $149.98M | 6.5% | +17.1K | +3.4% | Added | 0% |
| 3 | MSFT Microsoft Corp | Technology | 254.4K | $94.91M | 4.11% | +8,683 | +3.5% | Added | 0% |
| 4 | AMZN Amazon Com Inc | Consumer Discretionary | 371.8K | $88.62M | 3.84% | -5,211 | -1.4% | Reduced | 0% |
| 5 | GOOG Alphabet Inc. | Technology | 221.9K | $78.41M | 3.4% | -12.0K | -5.1% | Reduced | 0% |
| 6 | GOOGL Alphabet Inc. | Technology | 204.4K | $73.03M | 3.16% | +6,926 | +3.5% | Added | 0% |
| 7 | AVGO Broadcom Inc. | Technology | 149.0K | $56.27M | 2.44% | +5,920 | +4.1% | Added | 0% |
| 8 | MU Micron Technology Inc | Technology | 38.2K | $44.12M | 1.91% | +1,249 | +3.4% | Added | 0% |
| 9 | META Meta Platforms, Inc. | Technology | 77.0K | $43.38M | 1.88% | +2,572 | +3.5% | Added | 0% |
| 10 | TSLA Tesla, Inc. | Consumer Discretionary | 82.9K | $34.87M | 1.51% | +3,490 | +4.4% | Added | 0% |
| 11 | JPM Jpmorgan Chase & Co | Financial Services | 103.3K | $33.82M | 1.46% | +3,073 | +3.1% | Added | 0% |
| 12 | LLY ELI LILLY & Co | Healthcare | 27.5K | $33.01M | 1.43% | +917 | +3.4% | Added | 0% |
| 13 | AMD Advanced Micro Devices Inc | Technology | 56.0K | $32.52M | 1.41% | +1,916 | +3.5% | Added | 0% |
| 14 | TSM Taiwan Semiconductor Manufacturing Co Ltd | Technology | 62.2K | $29.69M | 1.29% | -33.1K | -34.7% | Reduced | 0% |
| 15 | BRK-B Berkshire Hathaway Inc | Financial Services | 52.3K | $26.18M | 1.13% | +2,189 | +4.4% | Added | 0% |
Tip. Select a row to see that position’s full history at Empirical Finance.
As of its Q2 2026 13F filing, Empirical Finance, LLC’s five largest positions were Nvidia Corp (NVDA) at 7.3%, Apple Inc. (AAPL) at 6.5%, Microsoft Corp (MSFT) at 4.1%, Amazon Com Inc (AMZN) at 3.8%, Alphabet Inc. (GOOG) at 3.4% of the reported portfolio.
Empirical Finance, LLC reported a 13F portfolio worth $2.31B across 479 positions for Q2 2026. That is up 14.8% from the previous quarter.
Its largest purchases by value were Dollar Tree, Inc. ($8.05M), Nvidia Corp ($5.74M), Apple Inc. ($4.96M). It opened 37 new positions.
Its largest sales by value were Taiwan Semiconductor Manufacturing Co Ltd ($15.79M), Energy Transfer LP ($7.02M), Western Midstream Partners, LP ($4.91M). It exited 12 positions entirely.
From the Form 13F-HR reports Empirical Finance, LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.