2026 Q1 Portfolio Activity
In 2026 Q1, Empirical Finance, LLC maintained a portfolio of 503 distinct positions. The most significant new addition was ALPHABET INC, now representing 2.67% of the total fund value. They heavily accumulated shares in TAIWAN SEMICONDUCTOR MANUFAC, increasing the position by 86.5%. The fund also reduced its exposure to ALPHABET INC by 41.9%.
Position History
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Total Positions
503
Quarter
2026 Q1
Top Holding
NVDA (6.7%)
Top 10 Concentration
33.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 503
Empirical Finance, LLC Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
NVDA
NVIDIA CORPORAT...
|
Technology | 6.69% | 7.27% |
#1
Prev: #1
|
5.2 |
—
|
-1,383 | -0.2% |
P
S
|
815,983 | $142,307,435 |
$115.12
+87.0%
|
2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | ||
|
AAPL
APPLE INC
|
Technology | 5.98% | 6.51% |
#2
Prev: #2
|
4.4 |
—
|
-854 | -0.2% |
P
S
|
501,183 | $127,195,234 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 4.27% | 5.68% |
#3
1
Prev: #4
|
3.2 |
—
|
-339 | -0.1% |
P
S
|
245,743 | $90,966,686 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 3.69% | 3.78% |
#4
1
Prev: #5
|
4.0 |
—
|
33,960 | 9.9% |
P
S
|
377,013 | $78,520,498 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
GOOG
ALPHABET INC
|
Communication Services | 3.15% | 6.02% |
#5
2
Prev: #3
|
1.8 |
—
|
-168,514 | -41.9% |
P
S
|
233,926 | $67,104,012 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 2.67% | — |
#6
Prev: #—
|
4.6 |
—
|
197,426 | — |
NEW
|
197,426 | $56,771,821 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
AVGO
BROADCOM INC
|
Technology | 2.08% | 2.36% |
#7
Prev: #7
|
1.3 |
—
|
13 | 0.0% |
P
S
|
143,038 | $44,271,691 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
META
META PLATFORMS ...
|
Communication Services | 2.00% | 2.35% |
#8
Prev: #8
|
1.3 |
—
|
-109 | -0.1% |
P
S
|
74,448 | $42,593,934 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
TSM
TAIWAN SEMICOND...
|
Technology | 1.51% | 0.74% |
#9
9
Prev: #18
|
3.6 |
—
|
44,158 | 86.5% |
P
S
|
95,230 | $32,182,979 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
TSLA
TESLA INC
|
Consumer Cyclical | 1.39% | 1.70% |
#10
1
Prev: #9
|
1.1 |
—
|
-19 | -0.0% |
P
S
|
79,426 | $29,526,616 | 2021 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
JPM
JPMORGAN CHASE ...
|
Financial Services | 1.39% | 1.54% |
#11
1
Prev: #10
|
1.1 |
—
|
-258 | -0.3% |
P
S
|
100,238 | $29,486,010 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
ET
ENERGY TRANSFER...
|
Energy | 1.27% | 0.59% |
#12
12
Prev: #24
|
3.5 |
—
|
652,711 | 86.8% |
P
S
|
1,404,756 | $27,111,791 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
XOM
EXXON MOBIL COR...
|
Energy | 1.21% | 0.87% |
#13
1
Prev: #14
|
1.0 |
—
|
-392 | -0.3% |
P
S
|
151,381 | $25,683,331 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
LLY
ELI LILLY & CO
|
Healthcare | 1.15% | 1.37% |
#14
3
Prev: #11
|
1.0 |
—
|
-44 | -0.2% |
P
S
|
26,607 | $24,472,320 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
BRK/B
BERKSHIRE HATHA...
|
Financial Services | 1.13% | 1.20% |
#15
3
Prev: #12
|
1.0 |
—
|
250 | 0.5% |
P
S
|
50,121 | $24,017,983 | 2017 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
JNJ
JOHNSON & JOHNS...
|
Healthcare | 0.95% | 0.82% |
#16
1
Prev: #15
|
0.9 |
—
|
-141 | -0.2% |
P
S
|
82,435 | $20,150,411 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
OMAB
GRUPO AEROPORTU...
|
Industrials | 0.91% | 0.50% |
#17
20
Prev: #37
|
3.4 |
—
|
71,924 | 74.6% |
P
S
|
168,343 | $19,313,992 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
PAC
GRUPO AEROPORTU...
|
Industrials | 0.87% | 0.38% |
#18
30
Prev: #48
|
3.3 |
—
|
44,531 | 148.1% |
P
S
|
74,607 | $18,418,230 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
WES
WESTERN MIDSTRE...
|
Bond/Debt | 0.86% | 0.45% |
#19
21
Prev: #40
|
3.3 |
—
|
205,421 | 86.8% |
P
S
|
442,189 | $18,204,921 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
WMT
WALMART INC
|
Consumer Defensive | 0.83% | 0.76% |
#20
3
Prev: #17
|
0.8 |
—
|
-146 | -0.1% |
P
S
|
142,431 | $17,701,325 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
VTI
VANGUARD INDEX ...
|
ETF | 0.83% | — |
#21
Prev: #—
|
3.8 |
—
|
55,050 | — |
NEW
|
55,050 | $17,660,591 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
CAOS
EA SERIES TRUST
|
Unknown | 0.80% | — |
#22
Prev: #—
|
3.8 |
—
|
187,063 | — |
NEW
|
187,063 | $16,977,838 | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
CVX
CHEVRON CORPORA...
|
Energy | 0.74% | 0.55% |
#23
6
Prev: #29
|
0.8 |
—
|
-169 | -0.2% |
P
S
|
75,841 | $15,691,508 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
AX
AXOS FINANCIAL ...
|
Financial Services | 0.71% | 0.39% |
#24
23
Prev: #47
|
3.3 |
—
|
82,715 | 86.6% |
P
S
|
178,281 | $15,169,930 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
COST
COSTCO WHOLESAL...
|
Consumer Defensive | 0.70% | 0.61% |
#25
2
Prev: #23
|
0.8 |
—
|
-23 | -0.2% |
P
S
|
14,854 | $14,800,971 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
QVAL
EA SERIES TRUST
|
ETF | 0.68% | 2.92% |
#26
20
Prev: #6
|
0.3 |
—
|
-996,107 | -78.3% |
P
S
|
275,814 | $14,381,328 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
NFLX
NETFLIX INC.
|
Communication Services | 0.66% | 0.66% |
#27
7
Prev: #20
|
0.8 |
—
|
-316 | -0.2% |
P
S
|
146,215 | $14,058,572 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
MA
MASTERCARD INCO...
|
Financial Services | 0.66% | 0.77% |
#28
12
Prev: #16
|
0.8 |
—
|
-54 | -0.2% |
P
S
|
28,051 | $14,015,963 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
CSWC
CAPITAL SOUTHWE...
|
Financial Services | 0.64% | — |
#29
Prev: #—
|
3.8 |
—
|
618,866 | — |
NEW
|
618,866 | $13,689,316 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
CAT
CATERPILLAR INC
|
Industrials | 0.64% | 0.52% |
#30
4
Prev: #34
|
0.8 |
—
|
-47 | -0.2% |
P
S
|
19,081 | $13,518,125 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
V
VISA INC
|
Financial Services | 0.62% | 0.73% |
#31
12
Prev: #19
|
0.7 |
—
|
-32 | -0.1% |
P
S
|
43,364 | $13,106,335 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
ABBV
ABBVIE INC
|
Healthcare | 0.60% | 0.65% |
#32
11
Prev: #21
|
0.7 |
—
|
-99 | -0.2% |
P
S
|
59,130 | $12,860,184 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
MU
MICRON TECHNOLO...
|
Technology | 0.59% | 0.50% |
#33
3
Prev: #36
|
0.7 |
—
|
-9 | -0.0% |
P
S
|
36,970 | $12,489,945 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
MPLX
MPLX LP
|
Energy | 0.58% | 0.30% |
#34
29
Prev: #63
|
3.2 |
—
|
100,927 | 86.6% |
P
S
|
217,494 | $12,412,383 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
PG
PROCTER & GAMBL...
|
Consumer Defensive | 0.56% | 0.56% |
#35
9
Prev: #26
|
0.7 |
—
|
-138 | -0.2% |
P
S
|
82,441 | $11,907,778 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
HD
HOME DEPOT INC
|
Consumer Cyclical | 0.55% | 0.58% |
#36
11
Prev: #25
|
0.7 |
—
|
-61 | -0.2% |
P
S
|
35,366 | $11,631,524 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
BAC
BANK AMERICA CO...
|
Financial Services | 0.53% | 0.61% |
#37
15
Prev: #22
|
0.7 |
—
|
-535 | -0.2% |
P
S
|
233,069 | $11,362,114 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
MS
MORGAN STANLEY
|
Financial Services | 0.53% | 0.56% |
#38
11
Prev: #27
|
0.7 |
—
|
2,224 | 3.3% |
P
S
|
68,648 | $11,297,401 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
CSCO
CISCO SYS INC
|
Technology | 0.53% | 0.53% |
#39
6
Prev: #33
|
0.7 |
—
|
-286 | -0.2% |
P
S
|
145,116 | $11,259,550 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
AMD
ADVANCED MICRO ...
|
Technology | 0.52% | 0.55% |
#40
12
Prev: #28
|
0.7 |
—
|
-86 | -0.2% |
P
S
|
54,062 | $10,997,833 | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
MRK
MERCK & CO INC
|
Healthcare | 0.51% | 0.46% |
#41
2
Prev: #39
|
0.7 |
—
|
-207 | -0.2% |
P
S
|
90,944 | $10,939,654 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
GE
GE AEROSPACE
|
Industrials | 0.49% | 0.54% |
#42
10
Prev: #32
|
0.7 |
—
|
-66 | -0.2% |
P
S
|
36,518 | $10,362,713 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
IVAL
EA SERIES TRUST
|
Bond/Debt | 0.47% | — |
#43
Prev: #—
|
3.7 |
—
|
294,873 | — |
NEW
|
294,873 | $10,013,858 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
KO
COCA COLA CO
|
Consumer Defensive | 0.47% | 0.44% |
#44
3
Prev: #41
|
0.7 |
—
|
-214 | -0.2% |
P
S
|
130,419 | $9,918,365 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
WFC
WELLS FARGO & C...
|
Financial Services | 0.46% | 0.55% |
#45
14
Prev: #31
|
0.7 |
—
|
-479 | -0.4% |
P
S
|
122,352 | $9,740,443 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
AMAT
APPLIED MATLS I...
|
Technology | 0.46% | 0.35% |
#46
9
Prev: #55
|
0.7 |
—
|
-64 | -0.2% |
P
S
|
28,415 | $9,711,963 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
LRCX
LAM RESEARCH CO...
|
Technology | 0.45% | 0.37% |
#47
2
Prev: #49
|
0.7 |
—
|
-106 | -0.2% |
P
S
|
45,013 | $9,617,478 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
GS
GOLDMAN SACHS G...
|
Financial Services | 0.44% | 0.46% |
#48
10
Prev: #38
|
0.7 |
—
|
-36 | -0.3% |
P
S
|
11,020 | $9,322,810 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
RTX
RTX CORPORATION
|
Industrials | 0.43% | 0.41% |
#49
6
Prev: #43
|
0.7 |
—
|
-108 | -0.2% |
P
S
|
47,180 | $9,101,022 | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
UNH
UNITEDHEALTH GR...
|
Healthcare | 0.41% | 0.51% |
#50
15
Prev: #35
|
0.7 |
—
|
-44 | -0.1% |
P
S
|
32,489 | $8,791,199 | 2016 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 |
Showing 1-50 of 503 holdings