Arkolith/Funds/Empirical Finance, LLC

Empirical Finance, LLC

CIK 1572838
Holdings as of Mar 31, 2026·disclosed May 15, 2026·~45-day 13F lag·13F-HR/AAmended
Inactive

Empirical Finance, LLC holds a diversified book of 483 stocks 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 equity book. Cloning the disclosed picks since 2017 would be +223% (+13.2%/yr). That is a simulation of the disclosed long book, not audited returns.

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Use Arkolith to show Empirical Finance, LLC's latest
holdings, largest changes, and filing provenance.
Opened
22
new positions
Added to
55
existing
Trimmed
375
reduced
Sold out
20
exited

Growth of $10,000: cloning the disclosed book

If you'd copied them
+223.0%
+13.2%/yr · since Feb '17
Their reported book
+209.8%
held from quarter-end
S&P 500
+267.7%
same window
$10K$17K$24K$31K$38KFeb '17Jan '19Nov '20Oct '22Sep '24Jul '26
Empirical Finance, LLC (copied at disclosure) S&P 500

Following at the filing date actually beat the quarter-end book by 13.2 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 the ~45-day reporting lag, 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.

Concentration

Top-heavy: diversified book

Top 5 holdings
24%
Top 10 holdings
33%
Top 20 holdings
44%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

94% mapped to company sectors

Information Technology
38%
Financials
12%
Consumer Discretionary
10%
Industrials
10%
Health Care
8%
ETF / fund or unclassified
6%
Utilities
5%
Energy
3%

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.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Funds with the most overlap

Other tracked managers holding the same core names as Empirical Finance, LLC

Manager / fundShared namesTheir $ in those
ROYAL BANK OF CANADA79 / 80$183.0B
MORGAN STANLEY78 / 80$653.3B
WELLS FARGO & COMPANY/MN78 / 80$163.0B
LPL Financial LLC78 / 80$65.9B
OSAIC HOLDINGS, INC.78 / 80$16.2B
JPMORGAN CHASE & CO77 / 80$637.0B
RAYMOND JAMES FINANCIAL INC77 / 80$92.4B
ENVESTNET ASSET MANAGEMENT INC77 / 80$56.8B

Ranked by how many of Empirical Finance, LLC's top 80 disclosed names each fund also holds: a cross-fund conviction signal from the latest 13F of every tracked manager.

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

483 positions
#SecurityValueShares% PortLast moveHistory
1Nvidia Corporation
COM
$142.3M816.0K
6.7%
−0.2%
Reduced · −1K sh
2Apple Inc
COM
$127.2M501.2K
6.0%
−0.2%
Reduced · −854 sh
3Microsoft Corp
COM
$91.0M245.7K
4.3%
−0.1%
Reduced · −339 sh
4Amazon Com Inc
COM
$78.5M377.0K
3.7%
+9.9%
Added · +34K sh
5Alphabet Inc
CAP STK CL C
$67.1M233.9K
3.2%
−42%
Reduced · −169K sh
6Alphabet Inc
CAP STK CL A
$56.8M197.4K
2.7%
New
New position
7Broadcom Inc
COM
$44.3M143.0K
2.1%
~0%
Added · +13 sh
8Meta Platforms Inc
CL A
$42.6M74.4K
2.0%
−0.1%
Reduced · −109 sh
9Taiwan Semiconductor Manufac
SPONSORED ADS
$32.2M95.2K
1.5%
+86%
Added · +44K sh
10Tesla Inc
COM
$29.5M79.4K
1.4%
~0%
Reduced · −19 sh
11JPMorgan Chase & Co
COM
$29.5M100.2K
1.4%
−0.3%
Reduced · −258 sh
12Energy Transfer L P
COM UT LTD PTN
$27.1M1.40M
1.3%
+87%
Added · +653K sh
13Exxon Mobil Corp
COM
$25.7M151.4K
1.2%
−0.3%
Reduced · −392 sh
14Eli Lilly & Co
COM
$24.5M26.6K
1.1%
−0.2%
Reduced · −44 sh
15Berkshire Hathaway Inc Del
CL B NEW
$24.0M50.1K
1.1%
+0.5%
Added · +250 sh
16Johnson & Johnson
COM
$20.2M82.4K
0.9%
−0.2%
Reduced · −141 sh
17Grupo Aeroportuario Del Cent
SPON ADR
$19.3M168.3K
0.9%
+75%
Added · +72K sh
18Grupo Aeroportunario Del Pac
SPON ADS B
$18.4M74.6K
0.9%
+148%
Added · +45K sh
19Western Midstream Partners L
COM UNIT LP INT
$18.2M442.2K
0.9%
+87%
Added · +205K sh
20Walmart Inc
COM
$17.7M142.4K
0.8%
−0.1%
Reduced · −146 sh
21Vanguard Index FDS
TOTAL STK MKT
$17.7M55.0K
0.8%
New
New position
22Ea Series Trust
ALPHA ARCHITECT
$17.0M187.1K
0.8%
New
New position
23Chevron Corporation
COM
$15.7M75.8K
0.7%
−0.2%
Reduced · −169 sh
24Axos Financial Inc
COM
$15.2M178.3K
0.7%
+87%
Added · +83K sh
25Costco Wholesale Corporation
COM
$14.8M14.9K
0.7%
−0.1%
Reduced · −23 sh
26Ea Series Trust
US QUAN VALUE
$14.4M275.8K
0.7%
−78%
Reduced · −996K sh
27Netflix Inc.
COM
$14.1M146.2K
0.7%
−0.2%
Reduced · −316 sh
28Mastercard Incorporated
CL A
$14.0M28.1K
0.7%
−0.2%
Reduced · −54 sh
29Capital Southwest Corp
COM
$13.7M618.9K
0.6%
New
New position
30Caterpillar Inc
COM
$13.5M19.1K
0.6%
−0.2%
Reduced · −47 sh
31Visa Inc
COM CL A
$13.1M43.4K
0.6%
−0.1%
Reduced · −32 sh
32Abbvie Inc
COM
$12.9M59.1K
0.6%
−0.2%
Reduced · −99 sh
33Micron Technology Inc
COM
$12.5M37.0K
0.6%
~0%
Reduced · −9 sh
34MPLX LP
COM UNIT REP LTD
$12.4M217.5K
0.6%
+87%
Added · +101K sh
35Procter & Gamble Co
COM
$11.9M82.4K
0.6%
−0.2%
Reduced · −138 sh
36Home Depot Inc
COM
$11.6M35.4K
0.5%
−0.2%
Reduced · −61 sh
37Bank America Corp
COM
$11.4M233.1K
0.5%
−0.2%
Reduced · −535 sh
38Morgan Stanley
COM NEW
$11.3M68.6K
0.5%
+3.3%
Added · +2K sh
39Cisco Sys Inc
COM
$11.3M145.1K
0.5%
−0.2%
Reduced · −286 sh
40Advanced Micro Devices Inc
COM
$11.0M54.1K
0.5%
−0.1%
Reduced · −86 sh
41Merck & Co Inc
COM
$10.9M90.9K
0.5%
−0.2%
Reduced · −207 sh
42Ge Aerospace
COM NEW
$10.4M36.5K
0.5%
−0.2%
Reduced · −66 sh
43Ea Series Trust
INTL QUAN VALUE
$10.0M294.9K
0.5%
New
New position
44Coca Cola Co
COM
$9.9M130.4K
0.5%
−0.2%
Reduced · −214 sh
45Wells Fargo & Co
COM
$9.7M122.4K
0.5%
−0.4%
Reduced · −479 sh
46Applied Matls Inc
COM
$9.7M28.4K
0.5%
−0.2%
Reduced · −64 sh
47Lam Research Corp
COM NEW
$9.6M45.0K
0.5%
−0.2%
Reduced · −106 sh
48Goldman Sachs Group Inc
COM
$9.3M11.0K
0.4%
−0.3%
Reduced · −36 sh
49RTX Corporation
COM
$9.1M47.2K
0.4%
−0.2%
Reduced · −108 sh
50Unitedhealth Group Inc
COM
$8.8M32.5K
0.4%
−0.1%
Reduced · −44 sh
Showing 50 of 483 positions

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 15, 2026483$2.1B13F-HR/A
Q4 2025Dec 31, 2025Feb 12, 2026496$2.1B13F-HR
Q3 2025Sep 30, 2025Nov 13, 2025506$2.1B13F-HR
Q2 2025Jun 30, 2025Aug 11, 2025508$1.9B13F-HR
Q1 2025Mar 31, 2025May 7, 2025504$1.7B13F-HR
Q4 2024Dec 31, 2024Jan 28, 2025500$1.7B13F-HR
Q3 2024Sep 30, 2024Nov 6, 2024502$1.7B13F-HR
Q2 2024Jun 30, 2024Jul 30, 2024502$1.6B13F-HR
Q1 2024Mar 31, 2024May 6, 2024514$1.6B13F-HR
Q4 2023Dec 31, 2023Feb 14, 2024513$1.4B13F-HR
Q3 2023Sep 30, 2023Nov 2, 2023510$1.4B13F-HR
Q2 2023Jun 30, 2023Jul 27, 2023509$1.3B13F-HR
Q1 2023Mar 31, 2023Apr 5, 2023496$1.1B13F-HR
Q4 2022Dec 31, 2022Feb 21, 2023493$965.9M13F-HR/A
Q3 2022Sep 30, 2022Nov 4, 2022480$843.2M13F-HR
Q2 2022Jun 30, 2022Aug 1, 2022466$784.6M13F-HR
Q1 2022Mar 31, 2022Apr 21, 2022479$892.8M13F-HR
Q4 2021Dec 31, 2021Feb 4, 2022463$846.9M13F-HR
Q3 2021Sep 30, 2021Nov 12, 2021418$663.4M13F-HR
Q2 2021Jun 30, 2021Aug 10, 2021424$662.3M13F-HR/A
Q1 2021Mar 31, 2021May 13, 2021325$568.6M13F-HR
Amended / restated
  • Q1 2026 · filed May 14, 202613F-HR · superseded
  • Q4 2022 · filed Jan 24, 202313F-HR · superseded
  • Q2 2021 · filed Aug 4, 202113F-HR · superseded

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; 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.