Q3 2026 13F · SEC CIK 1642274
Empirical Capital Management, LLC
Hedge fundFiled 2026-10-27 for Q3 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $336.4M
- Reported positions
- 19
- Top holdings a year, 3 yrs
- +22.5%
- Assets under management
- $152.7M
Empirical Capital Management, LLC is a hedge fund that reported 19 positions worth $336.4M in its Q3 2026 13F, filed 2026-10-27. Its largest holdings were Take-Two Interactive Softwar (TTWO, 24.9%), Roku Inc (ROKU, 15.6%), Fox Corp - Class A (FOXA, 12.8%). A portfolio copying its top holdings returned 22.5% a year over the last 3 years, against 18.8% for the S&P 500.
Empirical Capital Management, LLC holdings all 19 positions.
Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| TTWOTake-Two Interactive Softwar | 24.9% | +3.3% | $83.9M |
| ROKURoku Inc | 15.6% | -22.0% | $52.6M |
| FOXAFox Corp - Class A | 12.8% | +980.4% | $42.9M |
| COSTCostco Wholesale Corporation | 11.2% | +31.9% | $37.6M |
| GOOGLAlphabet Inc | 9.4% | -8.5% | $31.7M |
| LLYEli Lilly & Co | 5.7% | — | $19.2M |
| AMZNAmazon Com Inc | 5.3% | -41.1% | $17.8M |
| WMTWalmart Inc | 5.3% | +0.0% | $17.7M |
| RDDTReddit Inc | 4.2% | -36.2% | $14.2M |
| JBHTHunt J B Trans Svcs Inc | 2.0% | -62.5% | $6.7M |
| GNRCGenerac Hldgs Inc | 1.1% | +0.0% | $3.7M |
| TBKTriumph Financial Inc | 0.9% | +0.0% | $3.0M |
| PLTRPalantir Technologies Inc | 0.6% | -90.9% | $2.2M |
| XPOXpo Inc | 0.3% | +0.0% | $880K |
| SPCXSpace Exploration Techn Corp | 0.2% | — | $754K |
| TSLATesla Inc | 0.2% | -66.7% | $710K |
| DOCSDoximity Inc-Class A | 0.1% | — | $283K |
| GRALGRAIL, Inc. | 0.1% | — | $280K |
| WNCWabash National Corp | 0.1% | — | $247K |
What Empirical Capital Management, LLC bought and sold in Q3 2026, against Q2 2026.
New positions
- LLY Eli Lilly & Co5.7% of 13F
- SPCX Space Exploration Techn Corp0.2% of 13F
- DOCS Doximity Inc-Class A0.1% of 13F
- GRAL GRAIL, Inc.0.1% of 13F
- WNC Wabash National Corp0.1% of 13F
Added to
- FOXA Fox Corp - Class A+980.4% shares
- COST Costco Wholesale Corporation+31.9% shares
Reduced
- PLTR Palantir Technologies Inc-90.9% shares
- TSLA Tesla Inc-66.7% shares
- JBHT Hunt J B Trans Svcs Inc-62.5% shares
- AMZN Amazon Com Inc-41.1% shares
- RDDT Reddit Inc-36.2% shares
- ROKU Roku Inc-22.0% shares
- GOOGL Alphabet Inc-8.5% shares
Sold out
- TJX Tjx Cos Inc Newwas 3.2%
- WERN Werner Enterprises Incwas 0.1%
- HIMS Hims & Hers Health Incwas 0.1%
Share counts compared with the Q2 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +19.2% /yr
- S&P 500 +20.1%
- 3 years
- +22.5% /yr
- S&P 500 +18.8%
- 5 years
- +3.5% /yr
- S&P 500 +8.5%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q3 2026 | $336.4M | 19 |
| Q2 2026 | $365.9M | 17 |
| Q1 2026 | $166.9M | 15 |
| Q4 2025 | $152.1M | 11 |
| Q3 2025 | $147.9M | 12 |
| Q2 2025 | $161.5M | 14 |
| Q1 2025 | $140.8M | 14 |
| Q4 2024 | $132.6M | 12 |
| Q3 2024 | $143.1M | 19 |
| Q2 2024 | $140.3M | 16 |
| Q1 2024 | $123.2M | 17 |
| Q4 2023 | $109.3M | 14 |
Questions about Empirical Capital Management, LLC's portfolio
What stocks does Empirical Capital Management, LLC own?
Empirical Capital Management, LLC's latest 13F, for Q3 2026 and filed Oct 27, 2026, lists 19 positions worth $336.4M. The largest are Take-Two Interactive Softwar (TTWO) at 24.9%, Roku Inc (ROKU) at 15.6%, Fox Corp - Class A (FOXA) at 12.8%, Costco Wholesale Corporation (COST) at 11.2% and Alphabet Inc (GOOGL) at 9.4%.
What did Empirical Capital Management, LLC buy last quarter?
In Q3 2026, Empirical Capital Management, LLC added a new position in Eli Lilly & Co (LLY), a new position in Space Exploration Techn Corp (SPCX), a new position in Doximity Inc-Class A (DOCS), a new position in GRAIL, Inc. (GRAL), a new position in Wabash National Corp (WNC), Fox Corp - Class A (FOXA) (+980.4% shares) and Costco Wholesale Corporation (COST) (+31.9% shares), compared with its Q2 2026 filing.
What did Empirical Capital Management, LLC sell last quarter?
In Q3 2026, Empirical Capital Management, LLC sold all of Tjx Cos Inc New (TJX), sold all of Werner Enterprises Inc (WERN), sold all of Hims & Hers Health Inc (HIMS), Palantir Technologies Inc (PLTR) (-90.9% shares), Tesla Inc (TSLA) (-66.7% shares) and Hunt J B Trans Svcs Inc (JBHT) (-62.5% shares), compared with its Q2 2026 filing.
How has Empirical Capital Management, LLC's portfolio performed?
A portfolio copying Empirical Capital Management, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +22.5% a year over the last 3 years, against +18.8% for the S&P 500. Over 1 year: +19.2% against +20.1%. Over 5 years: +3.5% a year against +8.5%.
When is Empirical Capital Management, LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Empirical Capital Management, LLC's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.
How much money does Empirical Capital Management, LLC manage?
Empirical Capital Management, LLC reported $152.7M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $336.4M.