Empirical Finance, LLC

13F filer · CIK 0001572838

Reported Aug 14, 2026

13F portfolio value$2.41BU.S. long equity reported on 13F

Positions485Not reported new · 14 closed

Net flow last quarterNot reportedBuys minus sells

Top 10 positions weight34.6%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 14, 2026485 positions
NVDANvidia Corp	$169M	7.03%	0.00%	+3.5%	Q4 2016
AAPLApple Inc.	$150M	6.24%	0.00%	+3.4%	Q4 2016
MSFTMicrosoft Corp	$94.9M	3.95%	0.00%	+3.5%	Q4 2016
AMZNAmazon Com Inc	$88.6M	3.68%	0.00%	-1.4%	Q4 2016
GOOGAlphabet Inc.	$78.4M	3.26%	Not reported	-5.1%	Q4 2016
GOOGLAlphabet Inc.	$73M	3.04%	0.00%	+3.5%	Q4 2016
AVGOBroadcom Inc.	$56.3M	2.34%	0.00%	+4.1%	Q4 2016
MUMicron Technology Inc	$44.1M	1.83%	0.00%	+3.4%	Q4 2016
METAMeta Platforms, Inc.	$43.4M	1.80%	Not reported	+3.5%	Q4 2016
TSLATesla, Inc.	$34.9M	1.45%	0.00%	+4.4%	Q3 2021
JPMJPMorgan Chase & Co	$33.8M	1.41%	0.00%	+3.1%	Q4 2016
LLYELI LILLY & Co	$33M	1.37%	0.00%	+3.5%	Q4 2016
AMDAdvanced Micro Devices Inc	$32.5M	1.35%	0.00%	+3.5%	Q2 2020
TSMTaiwan Semiconductor Manufacturing Co Ltd	$29.7M	1.23%	0.00%	-34.7%	Q2 2025
BRK.BBerkshire Hathaway Inc	$26.2M	1.09%	Not reported	+4.4%	Q3 2017
JNJJohnson & Johnson	$21.6M	0.90%	0.00%	+3.4%	Q4 2016
XOMExxonMobil Holdings Corp	$21.4M	0.89%	0.00%	+3.2%	Q4 2016
AMATApplied Materials Inc	$21.2M	0.88%	0.00%	+3.1%	Q4 2016
CATCaterpillar Inc	$20.9M	0.87%	0.00%	+2.7%	Q4 2016
INTCIntel Corp	$20.6M	0.86%	0.00%	+4.0%	Q4 2016
LRCXLam Research Corp	$20.1M	0.84%	0.00%	+3.1%	Q4 2016
ETEnergy Transfer LP	$19.8M	0.82%	0.03%	-26.1%	Q1 2025
CSCOCisco Systems, Inc.	$17.6M	0.73%	0.00%	+3.2%	Q4 2016
WMTWalmart Inc.	$16.7M	0.70%	0.00%	+3.8%	Q4 2016
VVisa Inc.	$15.6M	0.65%	0.00%	+4.8%	Q4 2016
ABBVAbbVie Inc.	$15.4M	0.64%	0.00%	+3.5%	Q4 2016
MAMastercard Inc	$14.9M	0.62%	0.00%	+3.3%	Q4 2016
AXAxos Financial, Inc.	$14.9M	0.62%	0.27%	-14.3%	Q1 2025
KLACKla Corp	$14.5M	0.60%	0.00%	+3.2%	Q4 2016
WESWestern Midstream Partners, LP	$14.4M	0.60%	0.08%	-25.4%	Q2 2025
COSTCostco Wholesale Corp	$14.4M	0.60%	0.00%	+3.6%	Q4 2016
OMABCentral North Airport Group	$14.3M	0.59%	Not reported	-25.1%	Q1 2025
PACPacific Airport Group	$14.1M	0.59%	Not reported	-25.2%	Q2 2025
GEGeneral Electric Co	$14.1M	0.59%	0.00%	+3.3%	Q3 2021
BACBank of America Corp	$13.7M	0.57%	0.00%	+3.2%	Q4 2016
UNHUnitedhealth Group Inc	$13.4M	0.56%	0.00%	-0.7%	Q4 2016
HDHome Depot, Inc.	$12.9M	0.54%	0.00%	+3.3%	Q4 2016
CSWCCapital Southwest Corp	$12.5M	0.52%	0.82%	-15.1%	Q1 2026
PGPROCTER & GAMBLE Co	$12.5M	0.52%	0.00%	+3.3%	Q4 2016
CVXChevron Corp	$12.3M	0.51%	0.00%	-2.3%	Q4 2016
MSMorgan Stanley	$12.3M	0.51%	0.00%	-14.4%	Q4 2016
MRKMerck & Co., Inc.	$12M	0.50%	0.00%	+3.1%	Q4 2016
GSGoldman Sachs Group Inc	$11.5M	0.48%	0.00%	+3.1%	Q4 2016
KOCoca Cola Co	$11M	0.46%	0.00%	+3.5%	Q4 2016
NFLXNetflix Inc	$10.8M	0.45%	0.00%	+3.3%	Q4 2016
WFCWells Fargo & Company	$10.4M	0.43%	0.00%	+2.8%	Q4 2016
GEVGE Vernova Inc.	$10.2M	0.42%	0.00%	+3.8%	Q2 2024
PMPhilip Morris International Inc.	$9.74M	0.40%	0.00%	+3.5%	Q4 2016
TXNTexas Instruments Inc	$9.42M	0.39%	0.00%	+3.5%	Q4 2016
CCitigroup Inc	$9.4M	0.39%	0.00%	+3.0%	Q4 2016

Q1 2026Reported May 15, 2026462 positions
NVDANvidia Corp	$142M	6.69%	0.00%	Not reported	Q4 2016
AAPLApple Inc.	$127M	5.98%	0.00%	Not reported	Q4 2016
MSFTMicrosoft Corp	$91M	4.27%	0.00%	Not reported	Q4 2016
AMZNAmazon Com Inc	$78.5M	3.69%	0.00%	Not reported	Q4 2016
GOOGAlphabet Inc.	$67.1M	3.15%	Not reported	Not reported	Q4 2016
GOOGLAlphabet Inc.	$56.8M	2.67%	0.00%	Not reported	Q4 2016
AVGOBroadcom Inc.	$44.3M	2.08%	0.00%	Not reported	Q4 2016
METAMeta Platforms, Inc.	$42.6M	2.00%	Not reported	Not reported	Q4 2016
TSMTaiwan Semiconductor Manufacturing Co Ltd	$32.2M	1.51%	0.00%	Not reported	Q2 2025
TSLATesla, Inc.	$29.5M	1.39%	0.00%	Not reported	Q3 2021
JPMJPMorgan Chase & Co	$29.5M	1.39%	0.00%	Not reported	Q4 2016
ETEnergy Transfer LP	$27.1M	1.27%	0.04%	Not reported	Q1 2025
XOMExxonMobil Holdings Corp	$25.7M	1.21%	0.00%	Not reported	Q4 2016
LLYELI LILLY & Co	$24.5M	1.15%	0.00%	Not reported	Q4 2016
BRK.BBerkshire Hathaway Inc	$24M	1.13%	Not reported	Not reported	Q3 2017
JNJJohnson & Johnson	$20.2M	0.95%	0.00%	Not reported	Q4 2016
OMABCentral North Airport Group	$19.3M	0.91%	Not reported	Not reported	Q1 2025
PACPacific Airport Group	$18.4M	0.87%	Not reported	Not reported	Q2 2025
WESWestern Midstream Partners, LP	$18.2M	0.86%	0.11%	Not reported	Q2 2025
WMTWalmart Inc.	$17.7M	0.83%	0.00%	Not reported	Q4 2016
CVXChevron Corp	$15.7M	0.74%	0.00%	Not reported	Q4 2016
AXAxos Financial, Inc.	$15.2M	0.71%	0.31%	Not reported	Q1 2025
COSTCostco Wholesale Corp	$14.8M	0.70%	0.00%	Not reported	Q4 2016
NFLXNetflix Inc	$14.1M	0.66%	0.00%	Not reported	Q4 2016
MAMastercard Inc	$14M	0.66%	0.00%	Not reported	Q4 2016
CSWCCapital Southwest Corp	$13.7M	0.64%	1.02%	New	Q1 2026
CATCaterpillar Inc	$13.5M	0.64%	0.00%	Not reported	Q4 2016
VVisa Inc.	$13.1M	0.62%	0.00%	Not reported	Q4 2016
ABBVAbbVie Inc.	$12.9M	0.60%	0.00%	Not reported	Q4 2016
MUMicron Technology Inc	$12.5M	0.59%	0.00%	Not reported	Q4 2016
MPLXMPLX LP	$12.4M	0.58%	0.02%	Not reported	Q2 2025
PGPROCTER & GAMBLE Co	$11.9M	0.56%	0.00%	Not reported	Q4 2016
HDHome Depot, Inc.	$11.6M	0.55%	0.00%	Not reported	Q4 2016
BACBank of America Corp	$11.4M	0.53%	0.00%	Not reported	Q4 2016
MSMorgan Stanley	$11.3M	0.53%	0.00%	Not reported	Q4 2016
CSCOCisco Systems, Inc.	$11.3M	0.53%	0.00%	Not reported	Q4 2016
AMDAdvanced Micro Devices Inc	$11M	0.52%	0.00%	Not reported	Q2 2020
MRKMerck & Co., Inc.	$10.9M	0.51%	0.00%	Not reported	Q4 2016
GEGeneral Electric Co	$10.4M	0.49%	0.00%	Not reported	Q3 2021
KOCoca Cola Co	$9.92M	0.47%	0.00%	Not reported	Q4 2016
WFCWells Fargo & Company	$9.74M	0.46%	0.00%	Not reported	Q4 2016
AMATApplied Materials Inc	$9.71M	0.46%	0.00%	Not reported	Q4 2016
LRCXLam Research Corp	$9.62M	0.45%	0.00%	Not reported	Q4 2016
GSGoldman Sachs Group Inc	$9.32M	0.44%	0.00%	Not reported	Q4 2016
RTXRTX Corp	$9.1M	0.43%	0.00%	Not reported	Q2 2020
UNHUnitedhealth Group Inc	$8.79M	0.41%	0.00%	Not reported	Q4 2016
PMPhilip Morris International Inc.	$8.6M	0.40%	0.00%	Not reported	Q4 2016
VZVerizon Communications Inc	$8.14M	0.38%	0.00%	Not reported	Q4 2016
SFMSprouts Farmers Market, Inc.	$8.12M	0.38%	0.11%	Not reported	Q3 2020
TAt&T Inc.	$8.11M	0.38%	0.00%	Not reported	Q4 2016

Q3 2025Reported Nov 13, 2025487 positions
NVDANvidia Corp	$160M	7.64%	0.00%	+0.9%	Q4 2016
AAPLApple Inc.	$134M	6.38%	0.00%	+0.9%	Q4 2016
MSFTMicrosoft Corp	$133M	6.33%	0.00%	+1.6%	Q4 2016
AMZNAmazon Com Inc	$75.7M	3.60%	0.00%	+3.5%	Q4 2016
METAMeta Platforms, Inc.	$57.3M	2.73%	Not reported	+0.9%	Q4 2016
GOOGLAlphabet Inc.	$50.3M	2.40%	0.00%	+0.3%	Q4 2016
AVGOBroadcom Inc.	$49.4M	2.35%	0.00%	+1.1%	Q4 2016
GOOGAlphabet Inc.	$43.5M	2.07%	Not reported	-4.5%	Q4 2016
TSLATesla, Inc.	$37M	1.76%	0.00%	+1.1%	Q3 2021
JPMJPMorgan Chase & Co	$33.3M	1.58%	0.00%	+0.9%	Q4 2016
BRK.BBerkshire Hathaway Inc	$26.1M	1.24%	Not reported	+1.2%	Q3 2017
LLYELI LILLY & Co	$21.5M	1.02%	0.00%	+1.7%	Q4 2016
NFLXNetflix Inc	$18.4M	0.87%	0.00%	+0.9%	Q4 2016
XOMExxonMobil Holdings Corp	$17.9M	0.85%	0.00%	+0.9%	Q4 2016
MAMastercard Inc	$16.7M	0.79%	0.00%	+1.0%	Q4 2016
JNJJohnson & Johnson	$16M	0.76%	0.00%	+1.0%	Q4 2016
VVisa Inc.	$15.5M	0.74%	0.00%	+1.3%	Q4 2016
WMTWalmart Inc.	$15.3M	0.73%	0.00%	+1.0%	Q4 2016
HDHome Depot, Inc.	$15M	0.71%	0.00%	+5.1%	Q4 2016
COSTCostco Wholesale Corp	$14.4M	0.68%	0.00%	+1.0%	Q4 2016
ABBVAbbVie Inc.	$14.3M	0.68%	0.00%	+1.0%	Q4 2016
PGPROCTER & GAMBLE Co	$13.2M	0.63%	0.00%	+4.4%	Q4 2016
ORCLOracle Corp	$13.1M	0.62%	0.00%	+1.1%	Q4 2016
BACBank of America Corp	$12.6M	0.60%	0.00%	+0.9%	Q4 2016
CVXChevron Corp	$12.3M	0.58%	0.00%	+29.1%	Q4 2016
UNHUnitedhealth Group Inc	$12.1M	0.58%	0.00%	+1.0%	Q4 2016
GEGeneral Electric Co	$11.5M	0.55%	0.00%	+0.9%	Q3 2021
WFCWells Fargo & Company	$10.8M	0.51%	0.00%	+0.8%	Q4 2016
TSMTaiwan Semiconductor Manufacturing Co Ltd	$10.4M	0.50%	0.00%	+79.5%	Q2 2025
CSCOCisco Systems, Inc.	$10.4M	0.49%	0.00%	+6.2%	Q4 2016
MSMorgan Stanley	$9.89M	0.47%	0.00%	+37.9%	Q4 2016
CATCaterpillar Inc	$9.5M	0.45%	0.00%	+11.9%	Q4 2016
ETEnergy Transfer LP	$9.41M	0.45%	0.02%	+40.8%	Q1 2025
GSGoldman Sachs Group Inc	$9.2M	0.44%	0.00%	+0.9%	Q4 2016
AMDAdvanced Micro Devices Inc	$9.15M	0.44%	0.00%	+0.9%	Q2 2020
KOCoca Cola Co	$9.06M	0.43%	0.00%	+1.0%	Q4 2016
IBMInternational Business Machines Corp	$8.97M	0.43%	0.00%	+1.0%	Q4 2016
PMPhilip Morris International Inc.	$8.82M	0.42%	0.00%	+1.0%	Q4 2016
RTXRTX Corp	$8.27M	0.39%	0.00%	+0.9%	Q2 2020
ABTAbbott Laboratories	$8.21M	0.39%	0.00%	+1.0%	Q4 2016
TAt&T Inc.	$8.21M	0.39%	0.00%	+7.1%	Q4 2016
MRKMerck & Co., Inc.	$8.14M	0.39%	0.00%	+7.0%	Q4 2016
CRMSalesforce, Inc.	$8M	0.38%	0.00%	+1.0%	Q4 2016
VZVerizon Communications Inc	$7.41M	0.35%	0.00%	+0.9%	Q4 2016
DISWalt Disney Co	$7.33M	0.35%	0.00%	+1.0%	Q4 2016
QQQInvesco QQQ Trust, Series 1	$7.32M	0.35%	Not reported	-12.9%	Q2 2018
OMABCentral North Airport Group	$7.3M	0.35%	Not reported	+40.8%	Q1 2025
BKNGBooking Holdings Inc.	$7M	0.33%	0.00%	+0.9%	Q2 2019
CCitigroup Inc	$6.93M	0.33%	0.00%	+0.9%	Q4 2016
AXPAmerican Express Co	$6.87M	0.33%	0.00%	+0.9%	Q4 2016

Q2 2025Reported Aug 11, 2025489 positions
NVDANvidia Corp	$135M	7.05%	0.00%	+1.9%	Q4 2016
MSFTMicrosoft Corp	$126M	6.59%	0.00%	+1.0%	Q4 2016
AAPLApple Inc.	$107M	5.60%	0.00%	+1.7%	Q4 2016
AMZNAmazon Com Inc	$73.1M	3.83%	0.00%	+3.7%	Q4 2016
METAMeta Platforms, Inc.	$57.1M	2.99%	Not reported	+0.6%	Q4 2016
AVGOBroadcom Inc.	$40.8M	2.14%	0.00%	+3.6%	Q4 2016
GOOGLAlphabet Inc.	$36.4M	1.90%	0.00%	+1.2%	Q4 2016
GOOGAlphabet Inc.	$33.2M	1.74%	Not reported	+2.8%	Q4 2016
JPMJPMorgan Chase & Co	$30.3M	1.59%	0.00%	+3.6%	Q4 2016
TSLATesla, Inc.	$26.2M	1.37%	0.00%	+0.7%	Q3 2021
BRK.BBerkshire Hathaway Inc	$24.9M	1.30%	Not reported	+0.8%	Q3 2017
LLYELI LILLY & Co	$21.6M	1.13%	0.00%	+0.7%	Q4 2016
NFLXNetflix Inc	$20.3M	1.06%	0.00%	+0.7%	Q4 2016
XOMExxonMobil Holdings Corp	$17M	0.89%	0.00%	+0.6%	Q4 2016
MAMastercard Inc	$16.3M	0.86%	0.00%	+0.6%	Q4 2016
VVisa Inc.	$15.9M	0.83%	0.00%	+0.9%	Q4 2016
COSTCostco Wholesale Corp	$15.2M	0.80%	0.00%	+0.6%	Q4 2016
WMTWalmart Inc.	$14.4M	0.75%	0.00%	+0.7%	Q4 2016
PGPROCTER & GAMBLE Co	$13.2M	0.69%	0.00%	+0.6%	Q4 2016
JNJJohnson & Johnson	$13.1M	0.68%	0.00%	+0.6%	Q4 2016
HDHome Depot, Inc.	$12.9M	0.68%	0.00%	+0.6%	Q4 2016
BACBank of America Corp	$11.5M	0.60%	0.00%	+0.6%	Q4 2016
ABBVAbbVie Inc.	$11.4M	0.60%	0.00%	+0.6%	Q4 2016
UNHUnitedhealth Group Inc	$10.8M	0.57%	0.00%	+8.1%	Q4 2016
WFCWells Fargo & Company	$10.2M	0.54%	0.00%	+0.6%	Q4 2016
ORCLOracle Corp	$10.1M	0.53%	0.00%	+0.8%	Q4 2016
CSCOCisco Systems, Inc.	$9.9M	0.52%	0.00%	-7.6%	Q4 2016
PMPhilip Morris International Inc.	$9.81M	0.51%	0.00%	+0.6%	Q4 2016
GEGeneral Electric Co	$9.74M	0.51%	0.00%	+0.6%	Q3 2021
KOCoca Cola Co	$9.57M	0.50%	0.00%	+0.6%	Q4 2016
IBMInternational Business Machines Corp	$9.27M	0.49%	0.00%	+0.7%	Q4 2016
CRMSalesforce, Inc.	$9.11M	0.48%	0.00%	+0.7%	Q4 2016
CVXChevron Corp	$8.77M	0.46%	0.00%	+0.6%	Q4 2016
ABTAbbott Laboratories	$8.26M	0.43%	0.00%	+0.7%	Q4 2016
GSGoldman Sachs Group Inc	$8.11M	0.42%	0.00%	+0.6%	Q4 2016
AMDAdvanced Micro Devices Inc	$7.96M	0.42%	0.00%	+0.7%	Q2 2020
DISWalt Disney Co	$7.86M	0.41%	0.00%	+0.6%	Q4 2016
TAt&T Inc.	$7.85M	0.41%	0.00%	-11.0%	Q4 2016
QQQInvesco QQQ Trust, Series 1	$7.72M	0.40%	Not reported	Not reported	Q2 2018
INTUIntuit Inc.	$7.64M	0.40%	0.00%	+0.7%	Q4 2016
BKNGBooking Holdings Inc.	$7.44M	0.39%	0.00%	+0.7%	Q2 2019
VZVerizon Communications Inc	$7.23M	0.38%	0.00%	+15.6%	Q4 2016
MRKMerck & Co., Inc.	$7.17M	0.38%	0.00%	+2.9%	Q4 2016
RTXRTX Corp	$7.15M	0.37%	0.00%	+0.6%	Q2 2020
ETEnergy Transfer LP	$7.06M	0.37%	0.01%	+62.0%	Q1 2025
KRKroger Co	$6.95M	0.36%	0.01%	+195.5%	Q4 2016
NOWServiceNow, Inc.	$6.91M	0.36%	0.00%	+0.8%	Q2 2020
CATCaterpillar Inc	$6.91M	0.36%	0.00%	+0.6%	Q4 2016
ISRGIntuitive Surgical Inc	$6.63M	0.35%	0.00%	+0.7%	Q4 2016
TXNTexas Instruments Inc	$6.57M	0.34%	0.00%	+0.6%	Q4 2016

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