Empirical Finance, LLC Top Holdings and 13F Report (2025)

About Empirical Finance, LLC

Investment Activity

Empirical Finance, LLC has $2.41 billion in total holdings as of June 30, 2025.
Empirical Finance, LLC owns shares of 505 different stocks, but just 123 companies or ETFs make up 80% of its holdings.
Approximately 5.32% of the portfolio was purchased this quarter.
About 5.36% of the portfolio was sold this quarter.
This quarter, Empirical Finance, LLC has purchased 483 new stocks and bought additional shares in 378 stocks.
Empirical Finance, LLC sold shares of 81 stocks and completely divested from 17 stocks this quarter.

Largest Holdings

NVIDIA: $169,011,221
Apple: $149,979,628
Microsoft: $94,905,987
Amazon.com: $88,615,289
Alphabet: $78,410,994

Largest New Holdings this Quarter

438516205 - HONEYWELL INTL INC: $2,583,694 Holding
43849R105 - HONEYWELL AEROSPACE INC: $2,544,852 Holding
110448107 - British American Tobacco: $1,235,200 Holding
608190104 - Mohawk Industries: $945,646 Holding
115637209 - Brown-Forman: $789,240 Holding

Largest Purchases this Quarter

KLA: 43,405 shares (about $13.10M)
Dollar Tree: 66,539 shares (about $8.05M)
Booking: 34,277 shares (about $6.11M)
NVIDIA: 28,693 shares (about $5.74M)
Apple: 17,132 shares (about $4.96M)

Largest Sales this Quarter

Taiwan Semiconductor Manufacturing: 33,070 shares (about $15.79M)
Energy Transfer: 367,142 shares (about $7.02M)
Vanguard Total Stock Market ETF: 15,182 shares (about $5.62M)
Western Midstream Partners: 112,173 shares (about $4.91M)
Grupo Aeroportuario del Centro Norte: 42,177 shares (about $4.77M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
NVDA NVIDIA	$169,011,221	$5,741,182 â–²	3.5%	844,676	7.0%	Technology
AAPL Apple	$149,979,628	$4,957,316 â–²	3.4%	518,315	6.2%	Technology
MSFT Microsoft	$94,905,987	$3,238,933 â–²	3.5%	254,426	3.9%	Technology
AMZN Amazon.com	$88,615,289	$1,241,990 â–¼	-1.4%	371,802	3.7%	Consumer Discretionary
GOOG Alphabet	$78,410,994	$4,242,080 â–¼	-5.1%	221,920	3.3%	Communication Services
GOOGL Alphabet	$73,029,274	$2,475,145 â–²	3.5%	204,352	3.0%	Communication Services
AVGO Broadcom	$56,268,885	$2,236,280 â–²	4.1%	148,958	2.3%	Technology
MU Micron Technology	$44,115,810	$1,441,708 â–²	3.4%	38,219	1.8%	Technology
META Meta Platforms	$43,384,596	$1,448,782 â–²	3.5%	77,020	1.8%	Communication Services
TSLA Tesla	$34,874,470	$1,467,894 â–²	4.4%	82,916	1.4%	Consumer Discretionary
JPM JPMorgan Chase & Co.	$33,816,790	$1,005,885 â–²	3.1%	103,311	1.4%	Finance
LLY Eli Lilly and Company	$33,013,111	$1,099,877 â–²	3.4%	27,524	1.4%	Healthcare
AMD Advanced Micro Devices	$32,518,180	$1,113,024 â–²	3.5%	55,978	1.4%	Technology
TSM Taiwan Semiconductor Manufacturing	$29,685,751	$15,793,240 â–¼	-34.7%	62,160	1.2%	Technology
BRK.B Berkshire Hathaway	$26,175,401	$1,095,354 â–²	4.4%	52,310	1.1%	Finance
JNJ Johnson & Johnson	$21,637,990	$701,973 â–²	3.4%	85,199	0.9%	Healthcare
XOM ExxonMobil	$21,357,056	$660,222 â–²	3.2%	156,210	0.9%	Energy
AMAT Applied Materials	$21,178,116	$634,071 â–²	3.1%	29,292	0.9%	Technology
CAT Caterpillar	$20,873,105	$553,748 â–²	2.7%	19,601	0.9%	Industrials
INTC Intel	$20,605,339	$787,653 â–²	4.0%	147,571	0.9%	Technology
LAM RESEARCH CORP	$20,102,179	$596,695 â–²	3.1%	46,390	0.8%	COM NEW
ET Energy Transfer	$19,839,180	$7,019,755 â–¼	-26.1%	1,037,614	0.8%	Energy
CSCO Cisco Systems	$17,587,756	$542,430 â–²	3.2%	149,734	0.7%	Technology
WALMART INC	$16,738,469	$606,734 â–²	3.8%	147,788	0.7%	COM
V Visa	$15,588,637	$710,882 â–²	4.8%	45,436	0.6%	Finance
ABBV AbbVie	$15,395,587	$516,114 â–²	3.5%	61,181	0.6%	Healthcare
MA Mastercard	$14,886,696	$479,702 â–²	3.3%	28,985	0.6%	Finance
AX Axos Financial	$14,885,769	$2,477,017 â–¼	-14.3%	152,847	0.6%	Finance
VTI Vanguard Total Stock Market ETF	$14,752,755	$5,617,947 â–¼	-27.6%	39,868	0.6%	ETF
KLAC KLA	$14,501,088	$13,095,723 â–²	931.8%	48,063	0.6%	Technology
WES Western Midstream Partners	$14,441,500	$4,908,690 â–¼	-25.4%	330,016	0.6%	Energy
COST Costco Wholesale	$14,392,206	$496,735 â–²	3.6%	15,385	0.6%	Consumer Staples
OMAB Grupo Aeroportuario del Centro Norte	$14,268,113	$4,769,797 â–¼	-25.1%	126,166	0.6%	Industrials
PAC Grupo Aeroportuario Del Pacifico	$14,137,467	$4,750,041 â–¼	-25.1%	55,844	0.6%	Industrials
GE GE Aerospace	$14,096,722	$448,850 â–²	3.3%	37,719	0.6%	Industrials
BAC Bank of America	$13,710,414	$430,142 â–²	3.2%	240,618	0.6%	Finance
UNH UnitedHealth Group	$13,409,055	$94,348 â–¼	-0.7%	32,262	0.6%	Healthcare
HD Home Depot	$12,883,400	$410,520 â–²	3.3%	36,530	0.5%	Consumer Discretionary
CSWC Capital Southwest	$12,491,135	$2,219,310 â–¼	-15.1%	525,500	0.5%	Finance
PG Procter & Gamble	$12,487,276	$398,128 â–²	3.3%	85,156	0.5%	Consumer Staples
CAOS Alpha Architect Tail Risk ETF	$12,480,614	$4,422,399 â–¼	-26.2%	138,121	0.5%	ETF
CVX Chevron	$12,281,453	$290,083 â–¼	-2.3%	74,091	0.5%	Energy
MS Morgan Stanley	$12,277,337	$2,072,841 â–¼	-14.4%	58,732	0.5%	Finance
QVAL Alpha Architect U.S. Quantitative Value ETF	$12,181,367	$3,112,519 â–¼	-20.4%	219,682	0.5%	ETF
MRK Merck & Co., Inc.	$12,049,959	$363,655 â–²	3.1%	93,774	0.5%	Healthcare
GS The Goldman Sachs Group	$11,492,197	$346,900 â–²	3.1%	11,363	0.5%	Finance
KO CocaCola	$10,967,793	$368,641 â–²	3.5%	134,955	0.5%	Consumer Staples
NFLX Netflix	$10,786,112	$346,361 â–²	3.3%	151,066	0.4%	Communication Services
WFC Wells Fargo & Company	$10,392,063	$280,893 â–²	2.8%	125,751	0.4%	Finance
GE VERNOVA INC	$10,209,533	$370,081 â–²	3.8%	8,690	0.4%	COM
PM Philip Morris International	$9,741,642	$330,884 â–²	3.5%	53,848	0.4%	Consumer Staples
TXN Texas Instruments	$9,419,906	$318,637 â–²	3.5%	31,603	0.4%	Technology
C Citigroup	$9,397,614	$276,001 â–²	3.0%	67,145	0.4%	Finance
MPLX Mplx	$9,268,538	$2,982,899 â–¼	-24.3%	164,540	0.4%	Energy
RTX RTX	$9,241,748	$290,287 â–²	3.2%	48,710	0.4%	Industrials
DLTR Dollar Tree	$8,933,851	$8,047,892 â–²	908.4%	73,864	0.4%	Consumer Staples
IBM International Business Machines	$8,850,804	$296,395 â–²	3.5%	31,474	0.4%	Technology
SANDISK CORP	$8,456,002	$418,366 â–²	5.2%	3,719	0.4%	COM
QQQ Invesco QQQ	$8,299,964	$681,906 â–¼	-7.6%	11,271	0.3%	ETF
SFM Sprouts Farmers Market	$7,560,099	$1,345,076 â–¼	-15.1%	89,384	0.3%	Consumer Staples
APH Amphenol	$7,315,693	$251,080 â–²	3.6%	41,491	0.3%	Technology
WDC Western Digital	$7,225,201	$253,572 â–²	3.6%	11,312	0.3%	Technology
VZ Verizon Communications	$7,139,921	$271,696 â–²	4.0%	168,633	0.3%	Communication Services
AGM Federal Agricultural Mortgage	$7,061,332	$1,226,706 â–¼	-14.8%	35,436	0.3%	Finance
ADI Analog Devices	$6,942,134	$229,167 â–²	3.4%	17,479	0.3%	Technology
GLW Corning	$6,912,958	$239,338 â–²	3.6%	27,064	0.3%	Technology
AXP American Express	$6,884,402	$205,656 â–²	3.1%	20,353	0.3%	Finance
AMGN Amgen	$6,831,394	$225,963 â–²	3.4%	18,865	0.3%	Healthcare
ORCL Oracle	$6,821,902	$305,557 â–²	4.7%	46,550	0.3%	Technology
TMO Thermo Fisher Scientific	$6,754,866	$216,088 â–²	3.3%	13,473	0.3%	Healthcare
VLO Valero Energy	$6,634,969	$2,308,019 â–²	53.3%	25,476	0.3%	Energy
PEP PepsiCo	$6,462,100	$216,640 â–²	3.5%	47,726	0.3%	Consumer Staples
T AT&T	$6,450,720	$662,897 â–²	11.5%	311,629	0.3%	Communication Services
BKNG Booking	$6,330,728	$6,109,532 â–²	2,762.0%	35,518	0.3%	Consumer Discretionary
NEE NextEra Energy	$6,178,657	$216,353 â–²	3.6%	70,396	0.3%	Utilities
TJX TJX Companies	$6,061,364	$196,950 â–²	3.4%	40,009	0.3%	Consumer Discretionary
DIS Walt Disney	$6,058,168	$191,730 â–²	3.3%	62,942	0.3%	Communication Services
VMOT Alpha Architect Value Momentum Trend ETF	$6,030,901	$2,873,179 â–¼	-32.3%	178,907	0.3%	ETF
ASR Grupo Aeroportuario del Sureste	$5,964,702	$1,048,914 â–¼	-15.0%	19,448	0.2%	Industrials
DE Deere & Company	$5,905,612	$183,956 â–²	3.2%	9,310	0.2%	Industrials
IVAL Alpha Architect International Quantitative Value ETF	$5,863,651	$4,182,671 â–¼	-41.6%	172,106	0.2%	ETF
UNP Union Pacific	$5,836,032	$187,408 â–²	3.3%	21,456	0.2%	Industrials
MEDP Medpace	$5,710,039	$996,159 â–¼	-14.9%	10,782	0.2%	Healthcare
QCOM Qualcomm	$5,667,140	$222,672 â–²	4.1%	30,668	0.2%	Technology
ARISTA NETWORKS INC	$5,621,669	$205,895 â–²	3.8%	33,092	0.2%	COM SHS
PTIN Pacer Trendpilot International ETF	$5,604,056	$1,476,151 â–¼	-20.8%	152,824	0.2%	ETF
CVS CVS Health	$5,561,886	$156,210 â–²	2.9%	53,764	0.2%	Healthcare
GILD Gilead Sciences	$5,505,897	$182,688 â–²	3.4%	43,580	0.2%	Healthcare
ABT Abbott Laboratories	$5,502,474	$184,111 â–²	3.5%	60,640	0.2%	Healthcare
KR Kroger	$5,374,304	$39,982 â–²	0.7%	96,782	0.2%	Consumer Staples
CRM Salesforce	$5,213,175	$162,456 â–²	3.2%	33,277	0.2%	Technology
COP ConocoPhillips	$4,910,125	$144,507 â–²	3.0%	47,230	0.2%	Energy
ISRG Intuitive Surgical	$4,855,275	$164,640 â–²	3.5%	12,209	0.2%	Healthcare
BLACKROCK INC	$4,830,877	$164,427 â–²	3.5%	5,024	0.2%	COM
PFE Pfizer	$4,746,144	$159,361 â–²	3.5%	197,099	0.2%	Healthcare
SCHW Charles Schwab	$4,719,241	$185,370 â–²	4.1%	51,146	0.2%	Finance
LOW Lowe's Companies	$4,624,337	$143,759 â–²	3.2%	20,973	0.2%	Consumer Discretionary
MPC Marathon Petroleum	$4,599,503	$78,491 â–²	1.7%	17,990	0.2%	Energy
LMT Lockheed Martin	$4,587,687	$115,647 â–²	2.6%	9,005	0.2%	Industrials
COF Capital One Financial	$4,587,344	$144,050 â–²	3.2%	22,865	0.2%	Finance

Showing largest 100 holdings. View all holdings.

More Institutional Buying and Selling Information

SEC Filings and Trading Data

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Empirical Finance, LLC Top Holdings and 13F Report (2025)

About Empirical Finance, LLC

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Empirical Finance, LLC Top Holdings and 13F Report (2025)

About Empirical Finance, LLC

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofEmpirical Finance, LLC

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools