SEC 13F Intelligence

Managers / Q1 2026

Empirical Finance, LLC

CIK 0001572838 · 3803 WEST CHESTER PIKE, SUITE 150, NEWTOWN SQUARE, PA, 19073 · 2158829983

Reported Value
$2.1B
Q1 2026
Positions
483
Filings on Record
36
2019–present window
Filed
May 15, 2026
amendment (RESTATEMENT)

Summary

Empirical Finance, Llc reported $2.1B in U.S.-listed holdings across 483 positions for Q1 2026.

Its largest position, NVDA, represents 6.7% of the portfolio.

Compared with Q4 2025, the fund opened 22 new positions and exited 20.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $337MQ4 ’18Q1 ’19: $393MQ2 ’19: $365MQ3 ’19: $358MQ4 ’19: $411MQ4 ’19Q1 ’20: $322MQ2 ’20: $730MQ3 ’20: $467MQ4 ’20: $569MQ4 ’20Q1 ’21: $569MQ2 ’21: $1.2BQ3 ’21: $663MQ4 ’21: $847MQ4 ’21Q1 ’22: $893MQ2 ’22: $785MQ3 ’22: $843MQ4 ’22: $965.9BQ4 ’22Q1 ’23: $1.1BQ2 ’23: $1.3BQ3 ’23: $1.4BQ4 ’23: $1.4BQ4 ’23Q1 ’24: $1.6BQ2 ’24: $1.6BQ3 ’24: $1.7BQ4 ’24: $1.7BQ4 ’24Q1 ’25: $1.7BQ2 ’25: $1.9BQ3 ’25: $2.1BQ4 ’25: $2.1BQ4 ’25Q1 ’26: $2.1Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 88.1%ETP: 5.2%ADR: 4.0%MLP: 2.7%
  • Common Stock · 88.1% · $1.9B
  • ETP · 5.2% · $112M
  • ADR · 4.0% · $84M
  • MLP · 2.7% · $58M

Quarter-over-Quarter Changes full breakdown →

Holdings — Q1 2026

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Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.1B483May 15, 2026RESTATEMENTchanges · EDGAR ↗
Q4 2025$2.1B496Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.1B506Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.9B508Aug 11, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.7B504May 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.7B500Jan 28, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.7B502Nov 6, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.6B502Jul 30, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.6B514May 6, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.4B513Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.4B510Nov 2, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.3B509Jul 27, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.1B496Apr 5, 202313F-HRchanges · EDGAR ↗
Q4 2022$965.9B493Feb 21, 2023RESTATEMENTchanges · EDGAR ↗
Q3 2022$843M480Nov 4, 202213F-HRchanges · EDGAR ↗
Q2 2022$785M466Aug 1, 202213F-HRchanges · EDGAR ↗
Q1 2022$893M479Apr 21, 202213F-HRchanges · EDGAR ↗
Q4 2021$847M463Feb 4, 202213F-HRchanges · EDGAR ↗
Q3 2021$663M418Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021REVEALED$1.2B728Aug 4, 202113F-HRchanges · EDGAR ↗
Q1 2021$569M325May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$569M325Feb 2, 202113F-HRchanges · EDGAR ↗
Q3 2020$467M287Oct 28, 2020RESTATEMENTchanges · EDGAR ↗
Q2 2020REVEALED$730M383Jul 20, 202013F-HRchanges · EDGAR ↗
Q1 2020$322M209Apr 16, 202013F-HRchanges · EDGAR ↗
Q4 2019$411M202Jan 27, 202013F-HRchanges · EDGAR ↗
Q3 2019$358M159Oct 30, 201913F-HRchanges · EDGAR ↗
Q2 2019$365M153Jul 9, 201913F-HRchanges · EDGAR ↗
Q1 2019$393M161May 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$337M142Jan 22, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Empowered Funds, LLC028-17729

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.