Empowered Funds, LLC

CIK 0001592828 · Q2 2026

13F Equity AUM

$19.0B

+21.1% QoQ

Positions

2,111

+9 QoQ

AUM Rank

#895

Top 7%

Skill Alpha (FF)

-1.3%/yr^ns

No Clear Edge

Rank #4,727 · Top 57%

vs S&P -2.0%/yr (unadj.)

Quarters Tracked

~9 years

Portfolio Concentration

Top 5: 11.4%Top 10: 17.4%Top 20: 24.4%

NVDA3.2%

AAPL2.5%

TSM2.1%

GOOGL2.0%

MU1.7%

AMZN1.5%

MSFT1.4%

AVGO1.3%

LLY0.9%

META0.9%

Others (2101)82.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology25.9%

Financial Services21.8%

Consumer Cyclical9.9%

Industrials9.1%

Energy7.8%

Healthcare7.7%

Communication Services6.1%

Consumer Defensive3.6%

Other8.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 2111Median: 0.01%Avg: 0.05%

0–0.5%

2090(75.1%)

0.5–1%

13(9.2%)

1–3%

7(12.5%)

3–5%

1(3.2%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 2,111vs 20 funds

0%Low

2,111

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New223Increased1059Decreased738Exited213

New Positions

NDQ0.3%

+83K

ITOT0.3%

+353K

UMC0.3%

+1.9M

ASCENDIS PHARMA A/S0.3%

+187K

DAVE0.2%

+106K

CARNIVAL CORP LTD0.1%

+1.0M

BBD0.1%

+5.3M

NVCR0.1%

+1.2M

SHY0.1%

+207K

AXS-PE0.1%

+150K

Increased

BCI0.2%

+1.5M(+406%)

ELD0.2%

+1.1M(+16867%)

HL0.1%

+1.0M(+215%)

SCHR0.4%

+929K(+48%)

AEO0.1%

+661K(+3698%)

HUN0.0%

+652K(+506%)

TSM2.1%

+650K(+348%)

APA0.1%

+609K(+231%)

VIRT0.2%

+607K(+568%)

EDG0.1%

+557K(+1308%)

Decreased

ALIT0.0%

-2,022,351(-95%)

LEG0.0%

-813,457(-75%)

DHT0.0%

-659,589(-85%)

TROX0.0%

-460,819(-82%)

BLMN0.0%

-442,004(-64%)

WNC0.0%

-441,805(-75%)

TWI0.0%

-402,906(-52%)

CNDT0.0%

-375,000(-66%)

CRCT0.0%

-374,767(-89%)

TDUP0.0%

-355,061(-87%)

Exited

-1,005,490

-366,154

-351,173

-352,227

-73,323

-539,894

-512,482

-277,681

-218,292

-149,385

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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