Latest Empirical Finance, LLC Stock Portfolio

Empirical Finance, LLC Performance:

2025 Q4: 2.38%YTD: 15.32%2024: 27.17%

Performance for 2025 Q4 is 2.38%, and YTD is 15.32%, and 2024 is 27.17%.

About Empirical Finance, LLC and 13F Hedge Fund Stock Holdings

On 2026-02-12, the fund reported it's updated stock portfolio. In the 13F Holdings report, Empirical Finance, LLC reported an equity portfolio of $2.1 Billions as of 31 Dec, 2025.

The top stock holdings of Empirical Finance, LLC are NVDA, AAPL, GOOG. The fund has invested 7.3% of it's portfolio in NVIDIA CORPORATION and 6.5% of portfolio in APPLE INC.

The fund managers got completely rid off ALPHABET INC (GOOG), VANGUARD INDEX FDS (VB) and EA SERIES TRUST (BOB) stocks. They significantly reduced their stock positions in PRICESMART INC (PSMT), EASTMAN CHEM CO (EMN) and MOLSON COORS BEVERAGE CO (TAP). Empirical Finance, LLC opened new stock positions in ALLY FINL INC (ALLY), DLOCAL LTD (DLO) and QNITY ELECTRONICS INC. The fund showed a lot of confidence in some stocks as they added substantially to VANGUARD INDEX FDS (VB), PACER FDS TR (AFTY) and SPDR GOLD TR (GLD).

Empirical Finance, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Empirical Finance, LLC made a return of 2.38% in the last quarter. In trailing 12 months, it's portfolio return was 15.32%.

Performance
S&P 500

New Buys

Ticker	$ Bought
ally finl inc	996,380
dlocal ltd	652,943
qnity electronics inc	646,913
burford cap ltd	624,400
service corp intl	462,440
sprouts fmrs mkt inc	398,350
solstice advanced matls inc	270,542

New stocks bought by Empirical Finance, LLC

Additions

Ticker	% Inc.
vanguard index fds	4,052
pacer fds tr	496
spdr gold tr	282
ea series trust	196
americas car-mart inc	157
alphabet inc	125
natural grocers by vitamin c	95.16
millicom intl cellular s a	88.65

Additions to existing portfolio by Empirical Finance, LLC

Reductions

Ticker	% Reduced
pricesmart inc	-80.54
eastman chem co	-74.47
molson coors beverage co	-74.02
dupont de nemours inc	-59.85
molina healthcare inc	-54.32
charter communications inc n	-41.89
on semiconductor corp	-36.88
centene corp del	-33.49

Empirical Finance, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
ecopetrol s a	-3,901,560
geopark ltd	-1,885,340
pacer fds tr	-5,883,120
cnh indl n v	-978,996
vanguard index fds	-18,065,800
pacer fds tr	-3,671,200
sunrise rlty tr inc	-256,965
the one group hospitality in	-46,028

Empirical Finance, LLC got rid off the above stocks

Sector Distribution

Empirical Finance, LLC has about 30.1% of it's holdings in Technology sector.

Sector	%
Technology	30.1
Communication Services	10.9
Financial Services	10.5
Others	10.4
Consumer Cyclical	9.7
Healthcare	9.1
Industrials	6.9
Consumer Defensive	4.9
Energy	4.2
Utilities	2
Basic Materials	1.3

Market Cap. Distribution

Empirical Finance, LLC has about 87.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	57.1
LARGE-CAP	30
UNALLOCATED	10.4
MID-CAP	1.7

Stocks belong to which Index?

About 86.8% of the stocks held by Empirical Finance, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	85.3
Others	13.2
RUSSELL 2000	1.5

Top 5 Winners (%)		%
	sandisk corp	109.6 %
ALB	albemarle corp	73.0 %
MU	micron technology inc	69.1 %
AA	alcoa corp	61.6 %
ATNI	atn intl inc	52.3 %

Top 5 Winners ($)		$
GOOG	alphabet inc	20.3 M
AAPL	apple inc	8.9 M
LLY	eli lilly & co	8.5 M
MU	micron technology inc	4.5 M
AMZN	amazon com inc	3.9 M

Top 5 Losers (%)		%
ADAP	adaptimmune therapeutics plc	-80.0 %
	fiserv inc	-46.8 %
VB	vanguard index fds	-32.9 %
NGVC	natural grocers by vitamin c	-31.1 %
ORCL	oracle corp	-30.0 %

Top 5 Losers ($)		$
VB	vanguard index fds	-10.7 M
MSFT	microsoft corp	-8.6 M
META	meta platforms inc	-5.7 M
ORCL	oracle corp	-3.9 M
NFLX	netflix inc	-3.9 M

Empirical Finance, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Empirical Finance, LLC

Empirical Finance, LLC has 481 stocks in it's portfolio. About 40.1% of the portfolio is in top 10 stocks. VB proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Empirical Finance, LLC last quarter.

Last Reported on: 12 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.06	10,060	1,368,860	reduced	-4.14

AA	alcoa corp	0.10	37,319	1,983,130	unchanged	0.00

AAL	american airls group inc	0.01	20,003	306,646	reduced	-4.21

AAPL	apple inc	6.51	502,037	136,484,000	reduced	-4.63

AAXJ	ishares tr	0.09	13,031	1,843,760	added	1.68

ABBV	abbvie inc	0.65	59,229	13,533,200	reduced	-4.26

ABC	cencora inc	0.09	5,481	1,851,210	reduced	-3.83

ABNB	airbnb inc	0.02	3,407	462,398	added	0.65

ABT	abbott labs	0.35	58,692	7,353,520	reduced	-4.26

ADAP	adaptimmune therapeutics plc	0.00	800,000	20,800	unchanged	0.00

ADBE	adobe inc	0.26	15,319	5,361,500	reduced	-4.4

ADI	analog devices inc	0.22	16,938	4,593,590	reduced	-4.23

ADM	archer daniels midland co	0.05	18,349	1,054,880	reduced	-4.33

ADP	automatic data processing in	0.17	13,958	3,590,420	reduced	-4.26

ADSK	autodesk inc	0.10	7,264	2,150,220	reduced	-4.13

ADT	adt inc del	0.04	116,595	940,922	unchanged	0.00

AEE	ameren corp	0.04	8,860	884,760	reduced	-4.09

AEMB	american centy etf tr	0.03	6,643	640,198	added	42.83

AEP	american elec pwr co inc	0.10	17,449	2,012,040	reduced	-4.21

AES	aes corp	0.01	20,254	290,442	reduced	-3.53