Empirical Finance, LLC holds a diversified book of 483 reported positions worth $2.1B as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened Alphabet Inc-CL A and trimmed Nvidia Corp. Their largest long position is Nvidia Corp at 7% of the reported non-option book. Cloning the disclosed picks since 2017 would be +203% (+12.2%/yr). That is a simulation of the disclosed long book, not audited returns.
Following at the filing date actually beat the quarter-end book by 18.3 points over this window.
Growth of $10,000 cloning Empirical Finance, LLC's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~45 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.
Top-heavy: diversified book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
94% mapped to company sectors
+5 sectors below the cut, 11% together
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis
Other tracked managers holding the same core names as Empirical Finance, LLC
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| BlueSpruce Investments, LP | 11 / 80 | $642.4M |
| United American Securities Inc. (d/b/a UAS Asset Management) | 10 / 80 | $453.6M |
| Prospect Hill Management, LLC | 12 / 80 | $250.4M |
| Hoffman, Alan N Investment Management | 8 / 80 | $161.4M |
| Howard Hughes Medical Institute | 22 / 80 | $419.9M |
| Uhlmann Price Securities, LLC | 48 / 80 | $2.5B |
| Ketron Financial | 25 / 80 | $296.7M |
| Greenbrier Partners Capital Management, LLC | 8 / 80 | $1.2B |
Ranked by the share of each fund's own book sitting in the names it shares with Empirical Finance, LLC: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.
Bars show each position's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | Nvidia Corporation COM | $142.3M | 816.0K | 6.7% | ▼−0.2% Reduced · −1K sh | |
| 2 | Apple Inc COM | $127.2M | 501.2K | 6.0% | ▼−0.2% Reduced · −854 sh | |
| 3 | Microsoft Corp COM | $91.0M | 245.7K | 4.3% | ▼−0.1% Reduced · −339 sh | |
| 4 | Amazon Com Inc COM | $78.5M | 377.0K | 3.7% | ▲+9.9% Added · +34K sh | |
| 5 | Alphabet Inc CAP STK CL C | $67.1M | 233.9K | 3.2% | ▼−42% Reduced · −169K sh | |
| 6 | Alphabet Inc CAP STK CL A | $56.8M | 197.4K | 2.7% | ▲New New position | |
| 7 | Broadcom Inc COM | $44.3M | 143.0K | 2.1% | ▲~0% Added · +13 sh | |
| 8 | Meta Platforms Inc CL A | $42.6M | 74.4K | 2.0% | ▼−0.1% Reduced · −109 sh | |
| 9 | Taiwan Semiconductor Manufac SPONSORED ADS | $32.2M | 95.2K | 1.5% | ▲+86% Added · +44K sh | |
| 10 | Tesla Inc COM | $29.5M | 79.4K | 1.4% | ▼~0% Reduced · −19 sh | |
| 11 | JPMorgan Chase & Co COM | $29.5M | 100.2K | 1.4% | ▼−0.3% Reduced · −258 sh | |
| 12 | Energy Transfer L P COM UT LTD PTN | $27.1M | 1.40M | 1.3% | ▲+87% Added · +653K sh | |
| 13 | Exxon Mobil Corp COM | $25.7M | 151.4K | 1.2% | ▼−0.3% Reduced · −392 sh | |
| 14 | Eli Lilly & Co COM | $24.5M | 26.6K | 1.1% | ▼−0.2% Reduced · −44 sh | |
| 15 | Berkshire Hathaway Inc Del CL B NEW | $24.0M | 50.1K | 1.1% | ▲+0.5% Added · +250 sh | |
| 16 | Johnson & Johnson COM | $20.2M | 82.4K | 0.9% | ▼−0.2% Reduced · −141 sh | |
| 17 | Grupo Aeroportuario Del Cent SPON ADR | $19.3M | 168.3K | 0.9% | ▲+75% Added · +72K sh | |
| 18 | Grupo Aeroportunario Del Pac SPON ADS B | $18.4M | 74.6K | 0.9% | ▲+148% Added · +45K sh | |
| 19 | Western Midstream Partners L COM UNIT LP INT | $18.2M | 442.2K | 0.9% | ▲+87% Added · +205K sh | |
| 20 | Walmart Inc COM | $17.7M | 142.4K | 0.8% | ▼−0.1% Reduced · −146 sh | |
| 21 | Vanguard Index FDS TOTAL STK MKT | $17.7M | 55.0K | 0.8% | ▲New New position | |
| 22 | Ea Series Trust ALPHA ARCHITECT | $17.0M | 187.1K | 0.8% | ▲New New position | |
| 23 | Chevron Corporation COM | $15.7M | 75.8K | 0.7% | ▼−0.2% Reduced · −169 sh | |
| 24 | Axos Financial Inc COM | $15.2M | 178.3K | 0.7% | ▲+87% Added · +83K sh | |
| 25 | Costco Wholesale Corporation COM | $14.8M | 14.9K | 0.7% | ▼−0.1% Reduced · −23 sh | |
| 26 | Ea Series Trust US QUAN VALUE | $14.4M | 275.8K | 0.7% | ▼−78% Reduced · −996K sh | |
| 27 | Netflix Inc. COM | $14.1M | 146.2K | 0.7% | ▼−0.2% Reduced · −316 sh | |
| 28 | Mastercard Incorporated CL A | $14.0M | 28.1K | 0.7% | ▼−0.2% Reduced · −54 sh | |
| 29 | Capital Southwest Corp COM | $13.7M | 618.9K | 0.6% | ▲New New position | |
| 30 | Caterpillar Inc COM | $13.5M | 19.1K | 0.6% | ▼−0.2% Reduced · −47 sh | |
| 31 | Visa Inc COM CL A | $13.1M | 43.4K | 0.6% | ▼−0.1% Reduced · −32 sh | |
| 32 | Abbvie Inc COM | $12.9M | 59.1K | 0.6% | ▼−0.2% Reduced · −99 sh | |
| 33 | Micron Technology Inc COM | $12.5M | 37.0K | 0.6% | ▼~0% Reduced · −9 sh | |
| 34 | MPLX LP COM UNIT REP LTD | $12.4M | 217.5K | 0.6% | ▲+87% Added · +101K sh | |
| 35 | Procter & Gamble Co COM | $11.9M | 82.4K | 0.6% | ▼−0.2% Reduced · −138 sh | |
| 36 | Home Depot Inc COM | $11.6M | 35.4K | 0.5% | ▼−0.2% Reduced · −61 sh | |
| 37 | Bank America Corp COM | $11.4M | 233.1K | 0.5% | ▼−0.2% Reduced · −535 sh | |
| 38 | Morgan Stanley COM NEW | $11.3M | 68.6K | 0.5% | ▲+3.3% Added · +2K sh | |
| 39 | Cisco Sys Inc COM | $11.3M | 145.1K | 0.5% | ▼−0.2% Reduced · −286 sh | |
| 40 | Advanced Micro Devices Inc COM | $11.0M | 54.1K | 0.5% | ▼−0.1% Reduced · −86 sh | |
| 41 | Merck & Co Inc COM | $10.9M | 90.9K | 0.5% | ▼−0.2% Reduced · −207 sh | |
| 42 | Ge Aerospace COM NEW | $10.4M | 36.5K | 0.5% | ▼−0.2% Reduced · −66 sh | |
| 43 | Ea Series Trust INTL QUAN VALUE | $10.0M | 294.9K | 0.5% | ▲New New position | |
| 44 | Coca Cola Co COM | $9.9M | 130.4K | 0.5% | ▼−0.2% Reduced · −214 sh | |
| 45 | Wells Fargo & Co COM | $9.7M | 122.4K | 0.5% | ▼−0.4% Reduced · −479 sh | |
| 46 | Applied Matls Inc COM | $9.7M | 28.4K | 0.5% | ▼−0.2% Reduced · −64 sh | |
| 47 | Lam Research Corp COM NEW | $9.6M | 45.0K | 0.5% | ▼−0.2% Reduced · −106 sh | |
| 48 | Goldman Sachs Group Inc COM | $9.3M | 11.0K | 0.4% | ▼−0.3% Reduced · −36 sh | |
| 49 | RTX Corporation COM | $9.1M | 47.2K | 0.4% | ▼−0.2% Reduced · −108 sh | |
| 50 | Unitedhealth Group Inc COM | $8.8M | 32.5K | 0.4% | ▼−0.1% Reduced · −44 sh |
This fund page is the Follow view. The Build view lets your agent pull holdings, quarter changes, overlap, and source filings through API or MCP.
curl -H "Authorization: Bearer YOUR_API_KEY" \ "https://arkolith.com/api/v1/funds/1572838/holdings"
Use Arkolith to show Empirical Finance, LLC's latest holdings, largest changes, and filing provenance.
As-of date vs the date the SEC received each filing
Reported 13F total per quarter. Raw filing totals can include option notional.
| Quarter | As of | Filed | Lag | Positions | Value | Form |
|---|---|---|---|---|---|---|
| Q1 2026 | Mar 31, 2026 | May 15, 2026 | 45d | 483 | $2.1B | 13F-HR/A |
| Q4 2025 | Dec 31, 2025 | Feb 12, 2026 | 43d | 496 | $2.1B | 13F-HR |
| Q3 2025 | Sep 30, 2025 | Nov 13, 2025 | 44d | 506 | $2.1B | 13F-HR |
| Q2 2025 | Jun 30, 2025 | Aug 11, 2025 | 42d | 508 | $1.9B | 13F-HR |
| Q1 2025 | Mar 31, 2025 | May 7, 2025 | 37d | 504 | $1.7B | 13F-HR |
| Q4 2024 | Dec 31, 2024 | Jan 28, 2025 | 28d | 500 | $1.7B | 13F-HR |
| Q3 2024 | Sep 30, 2024 | Nov 6, 2024 | 37d | 502 | $1.7B | 13F-HR |
| Q2 2024 | Jun 30, 2024 | Jul 30, 2024 | 30d | 502 | $1.6B | 13F-HR |
| Q1 2024 | Mar 31, 2024 | May 6, 2024 | 36d | 514 | $1.6B | 13F-HR |
| Q4 2023 | Dec 31, 2023 | Feb 14, 2024 | 45d | 513 | $1.4B | 13F-HR |
| Q3 2023 | Sep 30, 2023 | Nov 2, 2023 | 33d | 510 | $1.4B | 13F-HR |
| Q2 2023 | Jun 30, 2023 | Jul 27, 2023 | 27d | 509 | $1.3B | 13F-HR |
| Q1 2023 | Mar 31, 2023 | Apr 5, 2023 | 5d | 496 | $1.1B | 13F-HR |
| Q4 2022 | Dec 31, 2022 | Feb 21, 2023 | 52d | 493 | $965.9M | 13F-HR/A |
| Q3 2022 | Sep 30, 2022 | Nov 4, 2022 | 35d | 480 | $843.2M | 13F-HR |
| Q2 2022 | Jun 30, 2022 | Aug 1, 2022 | 32d | 466 | $784.6M | 13F-HR |
| Q1 2022 | Mar 31, 2022 | Apr 21, 2022 | 21d | 479 | $892.8M | 13F-HR |
| Q4 2021 | Dec 31, 2021 | Feb 4, 2022 | 35d | 463 | $846.9M | 13F-HR |
| Q3 2021 | Sep 30, 2021 | Nov 12, 2021 | 43d | 418 | $663.4M | 13F-HR |
| Q2 2021 | Jun 30, 2021 | Aug 10, 2021 | 41d | 424 | $662.3M | 13F-HR/A |
| Q1 2021 | Mar 31, 2021 | May 13, 2021 | 43d | 325 | $568.6M | 13F-HR |
Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.