Q2 2026 13F · SEC CIK 1978885

Empower Advisory Group, LLC

Wealth managerFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $41.9B
Reported positions: 532
Top holdings a year, 3 yrs: +10.7%
Assets under management: $195.4B

Empower Advisory Group, LLC is a wealth manager that reported 532 positions worth $41.9B in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Schwab Intl Equity (SCHF, 12.1%), Ishares (IWM, 5.7%), Vanguard Intl Equity Index F (VWO, 5.1%). A portfolio copying its top holdings returned 10.7% a year over the last 3 years, against 20.4% for the S&P 500.

Empower Advisory Group, LLC holdings largest 50 of 532 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 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.

Empower Advisory Group, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SCHFSchwab Intl Equity	12.1%	11.9%	182,562,625	-1.7%	$5.1B
IWMIshares	5.7%	5.5%	7,928,734	-7.7%	$2.4B
VWOVanguard Intl Equity Index F	5.1%	5.0%	35,767,193	+0.7%	$2.1B
BSVVanguard Bd Index Fds Vanguard Short Ter	4.5%	4.6%	24,303,617	+7.8%	$1.9B
VNQVanguard Real Estate ETF	4.0%	3.9%	17,590,235	+4.2%	$1.7B
VGITVanguard Intermediate Treasury ETF	3.6%	3.6%	25,562,812	+8.3%	$1.5B
SCHPSchwab Strategic Tr	3.6%	3.7%	56,682,533	+6.7%	$1.5B
SCHASchwab U.s. Small-Cap ETF	3.2%	2.8%	37,697,754	+2.2%	$1.4B
USIGiShares Broad USD Invm Grd Cor	2.7%	2.7%	21,938,094	+7.8%	$1.1B
VGLTVanguard Long-Term Treasury ETF Total	2.2%	2.2%	16,920,030	+8.9%	$933.6M
VSSVanguard Intl Equity Index F	1.9%	1.9%	5,041,385	+0.9%	$777.8M
VNQIVanguard Global ex-US Real Estate ETF (V	1.7%	1.7%	15,483,969	+6.3%	$694.5M
EBNDSpdr Series Trust	1.5%	1.5%	29,889,679	+8.1%	$625.3M
AAPLApple Inc	1.4%	1.4%	2,096,561	-0.3%	$606.7M
NVDANvidia Corporation Com	1.4%	1.3%	2,832,261	-2.0%	$566.7M
ESGDIshares Msci Eafe Esg	1.3%	1.4%	5,431,650	-0.8%	$558.4M
SHYGIshares Tr	1.3%	1.3%	13,050,164	+7.9%	$553.5M
GLDMWorld Gold Tr	1.2%	1.4%	6,581,765	+10.6%	$522.7M
PDBCInvesco Actvely Mngd Etc Fd	1.2%	1.6%	32,745,235	-5.1%	$520.0M
VTIVanguard Index Fds	1.2%	1.1%	1,378,311	+5.9%	$510.0M
AMZNAmazon Com Inc Com	1.2%	1.2%	2,139,156	+0.5%	$509.8M
GOOGAlphabet Inc	1.2%	1.1%	1,429,431	+0.1%	$505.1M
BNDXVanguard Charlotte Fds	1.1%	1.1%	9,884,431	+12.7%	$478.7M
MSFTMicrosoft Corp	1.0%	1.1%	1,174,622	+4.8%	$438.2M
IAUIshares Gold Trust	0.9%	1.2%	5,237,754	-3.1%	$395.5M
METAMeta Platforms Inc Class A	0.8%	0.8%	608,286	+8.7%	$342.6M
LLYLilly Eli & Co	0.8%	0.6%	268,075	+3.2%	$321.5M
WMTWalmart Inc	0.7%	0.9%	2,678,512	+0.4%	$303.4M
JPMJpmorgan Chase & Co	0.7%	0.7%	884,396	+2.0%	$289.5M
TSLATesla Inc Com	0.7%	0.6%	687,262	+3.9%	$289.1M
BRK-BBerkshire Hathaway Inc Del	0.7%	0.7%	553,421	+3.7%	$276.9M
ESGEIshares Inc	0.6%	0.6%	4,655,004	-10.9%	$254.6M
XOMExxon Mobil Corp	0.6%	0.8%	1,778,973	+1.4%	$243.2M
JNJJohnson & Johnson	0.5%	0.6%	905,317	+0.9%	$229.9M
MAMastercard Inc.	0.5%	0.5%	439,850	+8.9%	$225.9M
UNHUnitedhealth Group Inc Com	0.5%	—	501,433	—	$208.4M
NEENextera Energy Inc Com	0.5%	0.5%	2,148,375	+1.9%	$188.6M
LINLinde PLC	0.4%	0.4%	351,687	+3.4%	$182.5M
CATCaterpillar Inc Com	0.4%	—	171,332	—	$182.5M
COSTCostco Whsl Corp New	0.4%	0.5%	194,416	+2.6%	$181.9M
DUKDuke Energy	0.4%	0.5%	1,406,743	+3.5%	$178.1M
GEGe Aerospace	0.4%	—	475,630	—	$177.8M
IWBIshares Russell 1000 ETF	0.4%	0.4%	430,492	-2.7%	$176.3M
PGProcter & Gamble Co Com	0.4%	0.4%	1,147,249	+8.0%	$168.2M
AVGOBroadcom Inc	0.4%	—	440,326	—	$166.3M
DASHDoordash Inc	0.4%	—	886,708	—	$163.6M
SOSouthern Co.	0.4%	0.4%	1,634,931	+3.3%	$156.5M
DISDisney Walt Co	0.4%	0.4%	1,606,937	+5.1%	$154.7M
NUENucor Corp	0.4%	—	683,400	—	$152.2M
RSPInvesco S&p 500 Equal Weight ETF	0.4%	—	709,955	—	$151.1M

What Empower Advisory Group, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

BNDX Vanguard Charlotte Fds+12.7% shares
GLDM World Gold Tr+10.6% shares
MA Mastercard Inc.+8.9% shares
VGLT Vanguard Long-Term Treasury ETF Total+8.9% shares
META Meta Platforms Inc Class A+8.7% shares
VGIT Vanguard Intermediate Treasury ETF+8.3% shares
EBND Spdr Series Trust+8.1% shares
PG Procter & Gamble Co Com+8.0% shares

Reduced

ESGE Ishares Inc-10.9% shares
IWM Ishares-7.7% shares
PDBC Invesco Actvely Mngd Etc Fd-5.1% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +13.2% /yr; S&P 500 +20.1%
3 years: +10.7% /yr; S&P 500 +20.4%
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 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.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$41.9B	532
Q1 2026	$38.5B	510
Q4 2025	$37.0B	501
Q3 2025	$36.1B	528
Q2 2025	$33.4B	497
Q1 2025	$30.6B	495
Q4 2024	$29.7B	498
Q3 2024	$29.6B	502
Q2 2024	$26.9B	490
Q1 2024	$26.7B	495
Q4 2023	$25.4B	475
Q3 2023	$22.6B	459

Questions about Empower Advisory Group, LLC's portfolio

What stocks does Empower Advisory Group, LLC own?

Empower Advisory Group, LLC's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 532 positions worth $41.9B. The largest are Schwab Intl Equity (SCHF) at 12.1%, Ishares (IWM) at 5.7%, Vanguard Intl Equity Index F (VWO) at 5.1%, Vanguard Bd Index Fds Vanguard Short Ter (BSV) at 4.5% and Vanguard Real Estate ETF (VNQ) at 4.0%.

What did Empower Advisory Group, LLC buy last quarter?

In Q2 2026, Empower Advisory Group, LLC added Vanguard Charlotte Fds (BNDX) (+12.7% shares), World Gold Tr (GLDM) (+10.6% shares) and Mastercard Inc. (MA) (+8.9% shares), compared with its Q1 2026 filing.

What did Empower Advisory Group, LLC sell last quarter?

In Q2 2026, Empower Advisory Group, LLC cut from its top 50 Chevron Corp New (CVX), cut from its top 50 Netflix Inc Total (NFLX), cut from its top 50 Ecolab Inc (ECL), cut from its top 50 Pfizer Inc (PFE), cut from its top 50 Spdr Series Trust (SPLG), Ishares Inc (ESGE) (-10.9% shares), Ishares (IWM) (-7.7% shares) and Invesco Actvely Mngd Etc Fd (PDBC) (-5.1% shares), compared with its Q1 2026 filing.

How has Empower Advisory Group, LLC's portfolio performed?

A portfolio copying Empower Advisory Group, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +10.7% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +13.2% against +20.1%.

When is Empower Advisory Group, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Empower Advisory Group, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Empower Advisory Group, LLC manage?

Empower Advisory Group, LLC reported $195.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $41.9B.