SEC 13F Intelligence

Managers / Q1 2026

Empirical Asset Management, LLC

CIK 0001926596 · 57 RIVER STREET, SUITE 301, WELLESLEY, MA, 02481 · (781) 431-2220

Reported Value
$379M
Q1 2026
Positions
396
Filings on Record
18
2019–present window
Filed
May 11, 2026
original filing

Summary

Empirical Asset Management, LLC reported $379M in U.S.-listed holdings across 396 positions for Q1 2026.

Its largest position, AAPL, represents 5.1% of the portfolio.

Compared with Q4 2025, the fund opened 89 new positions and exited 49.

Portfolio Metrics

Turnover
+11.0%
vs prior filed quarter
Top-10 Concentration
+22.5%
share of reported value
Largest Position
+5.1%
Apple
New / Exited
89 / 49
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’22: $105MQ1 ’22Q2 ’22: $95MQ3 ’22: $92MQ4 ’22: $95MQ4 ’22Q1 ’23: $105MQ2 ’23: $113MQ3 ’23: $115MQ3 ’23Q4 ’23: $123MQ1 ’24: $207MQ2 ’24: $266MQ2 ’24Q3 ’24: $281MQ4 ’24: $302MQ1 ’25: $293MQ1 ’25Q2 ’25: $323MQ3 ’25: $360MQ4 ’25: $355MQ4 ’25Q1 ’26: $379Mfilingsflow.com

Portfolio Composition

By security type
ETP: 50.4%Common Stock: 45.8%Other: 1.8%MLP: 0.8%ADR: 0.6%Other: 0.5%
  • ETP · 50.4% · $191M
  • Common Stock · 45.8% · $174M
  • Other · 1.8% · $7M
  • MLP · 0.8% · $3M
  • ADR · 0.6% · $2M
  • Other · 0.5% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISRGINTUITIVE SURGICAL INCNEW+3.2K3.2K+$1M$1M
BSXBOSTON SCIENTIFIC CORPNEW+19.5K19.5K+$1M$1M
ATOATMOS ENERGY CORPNEW+6.6K6.6K+$1M$1M
INVESCO QQQ TRNEW+2.0K2.0K+$1M$1M
PANWPALO ALTO NETWORKS INCNEW+5.6K5.6K+$899,075$899,075
VLOVALERO ENERGY CORPNEW+3.5K3.5K+$875,180$875,180
PODDINSULET CORPNEW+4.1K4.1K+$862,862$862,862
EATON CORP PLCNEW+2.4K2.4K+$841,615$841,615

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

36 positions
#IssuerClass% PortfolioValueShares
1ISHARES TRU.S. TECH ETF · CORE S&P500 ETF · INTL TREA BD ETF · RUS 1000 GRW ETF · ISHARES BIOTECH · RUSSELL 2000 ETF · US HLTHCARE ETF · CORE US AGGBD ET · S&P 500 VAL ETF · US SML CAP EQT · CORE MSCI EAFE · 1 3 YR TREAS BD7.88%$30M260.1K
2AAPLAPPLE INChistory →COM5.12%$19M76.6K
3STATE STR SPDR S&P 500 ETF TTR UNIT3.28%$12M19.1K
4USCF ETF TRSUMMERHAVEN K12.56%$10M356.0K
5ETFS GOLD TRPHYSCL GOLD SHS2.49%$9M211.6K
6NVDANVIDIA CORPORATIONhistory →COM1.79%$7M38.9K
7SLVISHARES SILVER TRhistory →ISHARES1.76%$7M97.7K
8INVESCO EXCHANGE TRADED FD TS&P500 EQL TEC · LARGE CAP GROWTH · ZACKS MID CAP1.75%$7M98.6K
9GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.57%$6M20.7K
10METAMETA PLATFORMS INChistory →CL A1.39%$5M9.2K
11MSFTMICROSOFT CORPhistory →COM1.35%$5M13.8K
12JPMJPMORGAN CHASE & COhistory →COM1.06%$4M13.7K
13AMZNAMAZON COM INChistory →COM1.05%$4M19.1K
14GQ9SPDR GOLD TRhistory →GOLD SHS1.05%$4M9.2K
15HDHOME DEPOT INChistory →COM1.01%$4M11.7K
16EXMOCEXXON MOBIL CORPCOM0.85%$3M18.9K
17LLYELI LILLY & COCOM0.83%$3M3.4K
18ETF OPPORTUNITIES TRUSTBROOKMONT CATAST0.81%$3M154.5K
19WMTWALMART INCCOM0.70%$3M21.3K
20CHVCHEVRON CORPORATIONCOM0.65%$2M11.9K
21SIMPLIFY EXCHANGE TRADED FUNMANAGED FUTURES0.63%$2M79.7K
22SELECT SECTOR SPDR TRSTATE STREET REA0.62%$2M57.5K
23MCDMCDONALDS CORPCOM0.59%$2M7.2K
24SCHWAB STRATEGIC TRINT-TRM U.S TRES0.57%$2M87.5K
25QCOMQUALCOMM INCCOM0.54%$2M16.0K
26PGPROCTER & GAMBLE COCOM0.54%$2M14.1K
27MRKMERCK & CO INCCOM0.52%$2M16.5K
28TPLTEXAS PACIFIC LAND CORPORATICOM0.50%$2M4.0K
29FIRST TR EXCHANGE-TRADED ALPCOM SHS0.49%$2M12.0K
30SUNSUNOCO LP/SUNOCO FIN CORPCOM UT REP LP0.48%$2M28.0K
31CECOCECO ENVIRONMENTAL CORPCOM0.47%$2M30.0K
32ORCLORACLE CORPCOM0.46%$2M11.8K
33PACER FDS TRUS LRG CP CASH0.46%$2M51.5K
34J P MORGAN EXCHANGE TRADED FDIVERSFED RTRN0.45%$2M14.9K
35INVESCO EXCH TRADED FD TR IIS&P 500 REVENUE0.44%$2M14.6K
36NJRNEW JERSEY RES CORPCOM0.44%$2M30.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$379M396May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$355M356Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$360M368Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$323M313Jul 29, 202513F-HRchanges · EDGAR ↗
Q1 2025$293M301May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$302M458Jan 15, 202513F-HRchanges · EDGAR ↗
Q3 2024$281M308Oct 11, 202413F-HRchanges · EDGAR ↗
Q2 2024$266M354Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$207M285May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$123M176Jan 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$115M166Nov 1, 202313F-HRchanges · EDGAR ↗
Q2 2023$113M156Aug 1, 202313F-HRchanges · EDGAR ↗
Q1 2023$105M147Apr 18, 202313F-HRchanges · EDGAR ↗
Q4 2022$95M161Jan 31, 202313F-HRchanges · EDGAR ↗
Q3 2022$92M146Oct 19, 202213F-HRchanges · EDGAR ↗
Q2 2022$95M154Jul 18, 202213F-HRchanges · EDGAR ↗
Q1 2022$105M145May 6, 202213F-HRchanges · EDGAR ↗

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 ↗.