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Asset Manager ← All Institutions

Empirical Finance, LLC

Q4 2025 · Filed 2026-02-12
Market Value
$2.1B
-0.2%
Holdings
509
New Purchases
7
Added To
41
Closed
30
Reduced
403
Top 10 Concentration
40.1%
Turnover
7.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOG 6.02% 2.07% +3.95% $126M
QVAL 2.92% 0.95% +1.97% $61M
VOO 1.04% 0.05% +0.99% $22M
PTMC 0.55% 0.08% +0.47% $12M
LLY 1.37% 1.02% +0.34% $29M
TSM 0.74% 0.50% +0.24% $16M
MU 0.50% 0.31% +0.20% $11M
AMZN 3.78% 3.61% +0.17% $79M
OMAB 0.50% 0.35% +0.15% $10M
CAAP 0.30% 0.15% +0.15% $6M
ET 0.59% 0.45% +0.14% $12M
PAC 0.38% 0.25% +0.13% $8M
AAPL 6.51% 6.39% +0.13% $136M
WES 0.45% 0.32% +0.12% $9M
AMD 0.55% 0.44% +0.12% $12M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 0.00% 2.40% -2.40% $0
VTI 0.00% 0.86% -0.86% $0
CAOS 0.00% 0.82% -0.82% $0
MSFT 5.68% 6.34% -0.66% $119M
IVAL 0.00% 0.53% -0.53% $0
QMOM 0.00% 0.47% -0.47% $0
IMOM 0.00% 0.40% -0.40% $0
META 2.35% 2.73% -0.38% $49M
AAVM 0.00% 0.37% -0.37% $0
NVDA 7.28% 7.65% -0.37% $152M
PTIN 0.00% 0.28% -0.28% $0
NFLX 0.66% 0.87% -0.22% $14M
ORCL 0.41% 0.62% -0.21% $9M
EC 0.00% 0.19% -0.19% $0
PTNQ 0.00% 0.17% -0.17% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 58 $1.3B 61.2%
Large Cap 370 $662M 31.6%
Mid Cap 56 $61M 2.9%
Small Cap 15 $90M 4.3%
Micro Cap 10 $1M 0.1%

Portfolio Analytics

Avg Market Cap
$146.0B
Median Market Cap
$32.8B
Avg P/E
30.4
Median P/E
22.5
Avg Dividend Yield
0.02%
Avg Beta
0.93
# Stocks
490
# ETFs / Funds
19

Top Holdings (509 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 7.28% 817,366 $152M $186.50 -$8M -42,587 -5.0%
2 AAPL 6.51% 502,037 $136M $271.86 $2M -24,379 -4.6%
3 GOOG 6.02% 402,440 $126M $313.41 $83M +223,886 +125.4%
4 MSFT 5.68% 246,082 $119M $483.62 -$14M -10,728 -4.2%
5 AMZN 3.78% 343,053 $79M $230.82 $4M -1,633 -0.5%
6 QVAL 2.92% 1,271,921 $61M $48.13 $41M +843,243 +196.7%
7 AVGO 2.36% 143,025 $50M $346.10 $102K -6,710 -4.5%
8 META 2.35% 74,557 $49M $660.09 -$8M -3,480 -4.5%
9 TSLA 1.71% 79,445 $36M $449.72 -$1M -3,848 -4.6%
10 JPM 1.55% 100,496 $32M $322.22 -$870K -4,923 -4.7%
11 LLY 1.37% 26,651 $29M $1,074.68 $7M -1,467 -5.2%
12 BRK-B 1.20% 49,871 $25M $502.65 -$990K -1,960 -3.8%
13 VOO 1.04% 69,924 $22M $312.58 $21M +68,240 +4052.3%
14 XOM 0.87% 151,773 $18M $120.34 $365K -6,977 -4.4%
15 JNJ 0.82% 82,576 $17M $206.95 $1M -3,893 -4.5%
16 MA 0.77% 28,105 $16M $570.88 -$645K -1,236 -4.2%
17 WMT 0.76% 142,577 $16M $111.41 $539K -6,323 -4.2%
18 TSM 0.74% 51,072 $16M $303.89 $5M +13,800 +37.0%
19 V 0.73% 43,396 $15M $350.71 -$302K -2,071 -4.5%
20 NFLX 0.66% 146,531 $14M $93.76 -$5M +131,223 +857.2%
21 ABBV 0.65% 59,229 $14M $228.49 -$790K -2,633 -4.3%
22 BAC 0.61% 233,604 $13M $55.00 $223K -11,127 -4.5%
23 COST 0.61% 14,877 $13M $862.34 -$2M -647 -4.2%
24 ET 0.59% 752,045 $12M $16.49 $3M +203,550 +37.1%
25 HD 0.58% 35,427 $12M $344.10 -$3M -1,548 -4.2%
26 PG 0.56% 82,579 $12M $143.31 -$1M -3,637 -4.2%
27 MS 0.56% 66,424 $12M $177.53 $2M +4,205 +6.8%
28 AMD 0.55% 54,148 $12M $214.16 $2M -2,428 -4.3%
29 CVX 0.55% 76,010 $12M $152.41 -$698K -3,082 -3.9%
30 PTMC 0.55% 288,842 $12M $39.90 $10M +240,431 +496.6%
31 WFC 0.55% 122,831 $11M $93.20 $643K -6,072 -4.7%
32 GE 0.54% 36,584 $11M $308.03 -$221K -1,611 -4.2%
33 CSCO 0.53% 145,402 $11M $77.03 $828K -6,194 -4.1%
34 CAT 0.52% 19,128 $11M $572.87 $1M -791 -4.0%
35 UNH 0.51% 32,533 $11M $330.11 -$1M -2,559 -7.3%
36 MU 0.50% 36,979 $11M $285.41 $4M -1,596 -4.1%
37 OMAB 0.50% 96,419 $10M $108.77 $3M +26,100 +37.1%
38 GS 0.46% 11,056 $10M $879.00 $514K -502 -4.3%
39 MRK 0.46% 91,151 $10M $105.26 $1M -5,835 -6.0%
40 WES 0.45% 236,768 $9M $39.50 $3M +64,050 +37.1%
41 KO 0.44% 130,633 $9M $69.91 $76K -5,931 -4.3%
42 IBM 0.43% 30,453 $9M $296.21 $53K -1,327 -4.2%
43 RTX 0.41% 47,288 $9M $183.40 $407K -2,110 -4.3%
44 ORCL 0.41% 44,472 $9M $194.91 -$4M -2,006 -4.3%
45 CRM 0.41% 32,301 $9M $264.91 $560K -1,443 -4.3%
46 PM 0.40% 52,106 $8M $160.40 -$467K -2,298 -4.2%
47 AX 0.39% 95,566 $8M $86.16 $2M +25,800 +37.0%
48 PAC 0.38% 30,076 $8M $263.63 $3M +8,100 +36.9%
49 LRCX 0.37% 45,119 $8M $171.18 $1M -3,957 -8.1%
50 C 0.36% 65,362 $8M $116.69 $697K -2,913 -4.3%
51 TMO 0.36% 13,070 $8M $579.45 $762K -973 -6.9%
52 QQQ 0.36% 12,197 $7M $614.31 $170K
53 ABT 0.35% 58,692 $7M $125.29 -$858K -2,612 -4.3%
54 AXP 0.35% 19,798 $7M $369.95 $450K -898 -4.3%
55 AMAT 0.35% 28,479 $7M $256.99 $1M -1,261 -4.2%
56 T 0.33% 280,030 $7M $24.84 -$1M -10,620 -3.6%
57 DIS 0.33% 61,086 $7M $113.77 -$382K -2,944 -4.6%
58 ISRG 0.32% 11,813 $7M $566.36 $1M -804 -6.4%
59 BKNG 0.32% 1,246 $7M $5,355.33 -$325K -50 -3.9%
60 PEP 0.32% 46,194 $7M $143.52 -$151K -2,089 -4.3%
61 VZ 0.32% 162,435 $7M $40.73 -$796K -6,222 -3.7%
62 CAAP 0.30% 243,987 $6M $26.00 $3M +66,000 +37.1%
63 MPLX 0.30% 116,567 $6M $53.37 $2M +31,500 +37.0%
64 INTU 0.30% 9,387 $6M $662.42 -$469K -405 -4.1%
65 KR 0.29% 96,122 $6M $62.48 -$541K -999 -1.0%
66 AMGN 0.29% 18,270 $6M $327.31 $601K -790 -4.1%
67 TJX 0.28% 38,795 $6M $153.61 $104K -1,712 -4.2%
68 KLAC 0.27% 4,669 $6M $1,215.08 $423K -199 -4.1%
69 GEV 0.26% 8,391 $5M $653.57 $90K -382 -4.3%
70 NEE 0.26% 67,998 $5M $80.28 $96K -3,043 -4.3%
71 APH 0.26% 40,119 $5M $135.14 $241K -1,744 -4.2%
72 COF 0.26% 22,195 $5M $242.37 $458K -956 -4.1%
73 ADBE 0.26% 15,319 $5M $349.99 -$291K -705 -4.4%
74 SPGI 0.25% 10,197 $5M $522.59 $151K -442 -4.2%
75 TXN 0.25% 30,587 $5M $173.49 -$562K -1,355 -4.2%
76 INTC 0.25% 141,952 $5M $36.90 $270K -6,133 -4.1%
77 BLK 0.25% 4,865 $5M $1,070.34 -$708K -209 -4.1%
78 GM 0.25% 63,892 $5M $81.32 $1M -2,016 -3.1%
79 GILD 0.25% 42,210 $5M $122.74 $288K -1,869 -4.2%
80 QCOM 0.24% 29,530 $5M $171.05 -$344K -2,898 -8.9%
81 DHR 0.24% 22,030 $5M $228.92 $481K -980 -4.3%
82 NOW 0.24% 32,513 $5M $153.19 -$1M +25,715 +378.3%
83 SCHW 0.23% 49,167 $5M $99.91 $20K -2,081 -4.1%
84 LOW 0.23% 20,368 $5M $241.16 -$430K -889 -4.2%
85 UNP 0.23% 20,812 $5M $231.32 -$319K -906 -4.2%
86 NEM 0.23% 48,189 $5M $99.85 $648K -1,202 -2.4%
87 PFE 0.23% 190,758 $5M $24.90 -$325K -8,425 -4.2%
88 CPA 0.22% 38,850 $5M $120.61 $70K
89 BSX 0.22% 48,449 $5M $95.35 -$318K -2,127 -4.2%
90 ADI 0.22% 16,938 $5M $271.20 $248K -749 -4.2%
91 CMCSA 0.22% 153,083 $5M $29.89 -$431K -6,276 -3.9%
92 PGR 0.21% 19,621 $4M $227.72 -$593K -872 -4.3%
93 HON 0.21% 22,402 $4M $195.09 -$554K -994 -4.2%
94 VXUS 0.21% 57,025 $4M $75.44 $113K
95 COP 0.21% 45,950 $4M $93.61 -$244K -2,103 -4.4%
96 LMT 0.20% 8,803 $4M $483.67 -$303K -333 -3.6%
97 BA 0.20% 19,408 $4M $217.12 -$139K -758 -3.8%
98 DE 0.20% 9,037 $4M $465.57 -$110K -405 -4.3%
99 ANET 0.20% 31,910 $4M $131.03 -$674K -1,410 -4.2%
100 CVS 0.20% 52,332 $4M $79.36 $64K -1,906 -3.5%

New Positions

SymbolValue% Port
ALLY $996K 0.05%
DLO $653K 0.03%
Q $647K 0.03%
BUR $624K 0.03%
SCI $462K 0.02%
SFM $398K 0.02%
SOLS $271K 0.01%

Sold Out Positions

SymbolValue% Port
DECK —%
OC —%
ARE —%
GPRK —%
SEG —%
EC —%
TFX —%
FOX —%
CROX —%
IVAL —%
SUNS —%
VTI —%
AAVM —%
BOXX —%
IMOM —%
View SEC EDGAR Filings for Empirical Finance, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms