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 468 stocks worth $2.1B as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened CAPITAL SOUTHWEST CORP and trimmed NVIDIA CORPORATION. Their largest long position is NVIDIA CORPORATION at 7% of the equity book.

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holdings, largest changes, and filing provenance.
Opened
6
new positions
Added to
58
existing
Trimmed
371
reduced
Sold out
20
exited

Concentration

Top-heavy: diversified book

Top 5 holdings
26%
Top 10 holdings
36%
Top 20 holdings
47%

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

Direct sector allocation

27% mapped to company sectors

ETF / fund or unclassified
73%
Financials
6%
Health Care
5%
Utilities
3%
Industrials
3%
Consumer Discretionary
2%
Communication Services
2%
Consumer Staples
2%

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
  • SPDR GOLD TR
    −34%$1.1M
  • EA SERIES TRUST
    −1.6%$981K
  • AUTOZONE INC
    −24%$682K
  • −31%$564K
  • NVIDIA CORPORATION
    −0.2%$241K
  • APPLE INC
    −0.2%$217K

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%
Added
Added · +197K sh
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%
Added
Added · +55K sh
22Ea Series Trust
ALPHA ARCHITECT
$17.0M187.1K
0.8%
Added
Added · +187K sh
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%
Added
Added · +295K sh
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.