Q2 2026 13F · SEC CIK 1592828

Empowered Funds, LLC

Mutual fund managerFiled 2026-08-17 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $19.0B
Reported positions: 2,112
Top holdings a year, 3 yrs: +18.8%
Assets under management: $29.7B

Empowered Funds, LLC is a mutual fund manager that reported 2,112 positions worth $19.0B in its Q2 2026 13F, filed 2026-08-17. Its largest holdings were Nvidia Corporation (NVDA, 3.2%), Apple Inc (AAPL, 2.5%), Taiwan Semiconductor Manufac (TSM, 2.1%). A portfolio copying its top holdings returned 18.8% a year over the last 3 years, against 20.4% for the S&P 500.

Empowered Funds, LLC holdings largest 50 of 2,112 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.

Empowered Funds, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	3.2%	3.0%	3,016,930	+11.6%	$603.7M
AAPLApple Inc	2.5%	2.6%	1,607,892	-0.2%	$465.3M
TSMTaiwan Semiconductor Manufac	2.1%	0.4%	835,931	+348.4%	$399.2M
GOOGLAlphabet Inc	2.0%	1.8%	1,060,925	+8.5%	$379.1M
MUMicron Technology Inc	1.7%	0.5%	275,818	+13.1%	$318.4M
AMZNAmazon Com Inc	1.5%	1.4%	1,228,034	+18.8%	$292.7M
MSFTMicrosoft Corp	1.4%	1.9%	705,569	-12.6%	$263.2M
AVGOBroadcom Inc	1.3%	1.4%	674,343	-3.6%	$254.7M
LLYEli Lilly & Co	0.9%	0.8%	138,183	+0.2%	$165.7M
METAMeta Platforms Inc	0.9%	1.1%	288,471	-0.0%	$162.5M
XOMExxon Mobil Corp	0.8%	1.1%	1,146,087	+13.4%	$156.7M
JPMJpmorgan Chase & Co	0.8%	0.9%	475,472	+2.4%	$155.6M
AMDAdvanced Micro Devices Inc	0.8%	0.3%	251,408	-3.6%	$146.0M
LRCXLam Research Corp	0.7%	0.5%	312,654	-10.7%	$135.5M
VEAVanguard Ftse Developed Markets Index Fu	0.7%	0.8%	1,899,607	-1.9%	$135.3M
CVXChevron Corporation	0.7%	1.0%	794,393	+6.1%	$131.7M
GOOGAlphabet Inc	0.7%	0.8%	367,487	-12.5%	$129.8M
IDEVIshares Tr	0.6%	0.7%	1,275,964	-1.1%	$113.6M
EXPEExpedia Group Inc	0.6%	0.4%	427,776	+52.6%	$109.5M
BOXXEa Series Trust	0.6%	0.7%	923,075	-3.7%	$108.1M
WDCWestern Digital Corp Com	0.5%	—	152,676	—	$97.5M
COSTCostco Wholesale Corporation	0.5%	0.4%	100,519	+48.3%	$94.0M
VWOVanguard Intl Equity Index F	0.5%	0.5%	1,537,403	+16.1%	$91.8M
GEVGe Vernova Inc	0.5%	0.4%	77,028	+7.6%	$90.5M
VSTVistra Corp	0.5%	0.4%	563,170	+27.7%	$89.3M
JNJJohnson & Johnson	0.5%	0.5%	348,850	+11.7%	$88.6M
GSGoldman Sachs Group Inc	0.5%	0.3%	85,766	+43.7%	$86.7M
TSLATesla Inc	0.4%	0.4%	201,519	+10.5%	$84.8M
AMATApplied Matls Inc	0.4%	—	117,109	—	$84.7M
CCitigroup Inc	0.4%	—	559,997	—	$78.4M
CATCaterpillar Inc	0.4%	0.3%	72,272	-4.0%	$77.0M
PANWPalo Alto Networks Inc	0.4%	—	223,656	—	$76.3M
VRTVertiv Holdings Co	0.4%	0.3%	226,136	+10.0%	$75.7M
BRK-BBerkshire Hathaway Inc Del	0.4%	0.5%	150,255	-16.1%	$75.2M
MRKMerck & Co Inc	0.4%	0.4%	576,918	+13.6%	$74.1M
CSCOCisco Sys Inc	0.4%	0.3%	614,435	-10.0%	$72.2M
NFLXNetflix Inc.	0.4%	0.5%	1,007,619	+17.4%	$71.9M
SCHRSchwab Strategic Tr	0.4%	—	2,862,224	—	$70.3M
INTCIntel Corp	0.4%	—	495,228	—	$69.1M
BKNGBooking Holdings Inc	0.4%	0.3%	373,458	+3026.0%	$66.6M
BACBank of Amer Corp	0.3%	0.3%	1,155,193	+3.3%	$65.8M
VVisa Inc	0.3%	0.4%	184,441	-6.8%	$63.3M
VTIPVanguard Malvern Fds	0.3%	0.4%	1,258,283	-6.6%	$62.3M
QQQInvesco Qqq Tr	0.3%	—	83,446	—	$61.4M
VLOValero Energy Corp	0.3%	—	231,804	—	$60.4M
UNHUnitedhealth Group Inc	0.3%	—	139,558	—	$58.0M
ITOTIshares Tr	0.3%	—	352,671	—	$57.9M
FIXComfort Sys USA Inc	0.3%	—	28,872	—	$57.2M
WFCWells Fargo & Co	0.3%	0.3%	691,898	+0.9%	$57.2M
AVDVAmerican Centy ETF Tr	0.3%	0.3%	548,409	+0.9%	$56.5M

What Empowered Funds, 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

BKNG Booking Holdings Inc+3026.0% shares
TSM Taiwan Semiconductor Manufac+348.4% shares
EXPE Expedia Group Inc+52.6% shares
COST Costco Wholesale Corporation+48.3% shares
GS Goldman Sachs Group Inc+43.7% shares
VST Vistra Corp+27.7% shares
AMZN Amazon Com Inc+18.8% shares
NFLX Netflix Inc.+17.4% shares

Reduced

BRK-B Berkshire Hathaway Inc Del-16.1% shares
MSFT Microsoft Corp-12.6% shares
GOOG Alphabet Inc-12.5% shares
LRCX Lam Research Corp-10.7% shares
CSCO Cisco Sys Inc-10.0% shares
V Visa Inc-6.8% shares
VTIP Vanguard Malvern Fds-6.6% 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: +25.1% /yr; S&P 500 +20.1%
3 years: +18.8% /yr; S&P 500 +20.4%
5 years: +7.0% /yr; S&P 500 +11.6%

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.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$19.0B	2,112
Q1 2026	$15.7B	2,102
Q4 2025	$5.9B	994
Q3 2025	$9.9B	1,814
Q2 2025	$8.8B	1,746
Q1 2025	$7.0B	1,614
Q4 2024	$6.8B	1,670
Q3 2024	$6.4B	1,392
Q2 2024	$5.8B	1,369
Q1 2024	$5.5B	1,372
Q4 2023	$4.0B	1,254
Q3 2023	$3.4B	1,203

Questions about Empowered Funds, LLC's portfolio

What stocks does Empowered Funds, LLC own?

Empowered Funds, LLC's latest 13F, for Q2 2026 and filed Aug 17, 2026, lists 2,112 positions worth $19.0B. The largest are Nvidia Corporation (NVDA) at 3.2%, Apple Inc (AAPL) at 2.5%, Taiwan Semiconductor Manufac (TSM) at 2.1%, Alphabet Inc (GOOGL) at 2.0% and Micron Technology Inc (MU) at 1.7%.

What did Empowered Funds, LLC buy last quarter?

In Q2 2026, Empowered Funds, LLC added Booking Holdings Inc (BKNG) (+3026.0% shares), Taiwan Semiconductor Manufac (TSM) (+348.4% shares) and Expedia Group Inc (EXPE) (+52.6% shares), compared with its Q1 2026 filing.

What did Empowered Funds, LLC sell last quarter?

In Q2 2026, Empowered Funds, LLC cut from its top 50 Newmont Corp (NEM), cut from its top 50 Procter & Gamble Co (PG), cut from its top 50 Avantis Real Estate ETF (AVRE), cut from its top 50 Ea Series Trust (CAOS), cut from its top 50 Cf Industries Hold (CF), Berkshire Hathaway Inc Del (BRK-B) (-16.1% shares), Microsoft Corp (MSFT) (-12.6% shares) and Alphabet Inc (GOOG) (-12.5% shares), compared with its Q1 2026 filing.

How has Empowered Funds, LLC's portfolio performed?

A portfolio copying Empowered Funds, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.8% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +25.1% against +20.1%. Over 5 years: +7.0% a year against +11.6%.

When is Empowered Funds, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Empowered Funds, 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 Empowered Funds, LLC manage?

Empowered Funds, LLC reported $29.7B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $19.0B.