# Empowered Funds, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1592828. Source: https://holderbook.com/funds/1592828-empowered-funds-llc/

- Reported value: $19.0B
- Positions: 2,112
- Weight of the ten largest: 17.4%
- Filed: 2026-08-17

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $603.7M | 3,016,930 | 3.2% | 20 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $465.3M | 1,607,892 | 2.5% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $399.2M | 835,931 | 2.1% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $379.1M | 1,060,925 | 2.0% | 21 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $318.4M | 275,818 | 1.7% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $292.7M | 1,228,034 | 1.5% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $263.2M | 705,569 | 1.4% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $254.7M | 674,343 | 1.3% | 21 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $165.7M | 138,183 | 0.9% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $162.5M | 288,471 | 0.9% | 21 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $156.7M | 1,146,087 | 0.8% | 23 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $155.6M | 475,472 | 0.8% | 16 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $146.0M | 251,408 | 0.8% | 2 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $135.5M | 312,654 | 0.7% | 2 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $135.3M | 1,899,607 | 0.7% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $131.7M | 794,393 | 0.7% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $129.8M | 367,487 | 0.7% | 19 |
| ISHARES TR | [IDEV](https://holderbook.com/stocks/IDEV/) | $113.6M | 1,275,964 | 0.6% | 3 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $109.5M | 427,776 | 0.6% | 13 |
| EA SERIES TRUST | [BOXX](https://holderbook.com/stocks/BOXX/) | $108.1M | 923,075 | 0.6% | 14 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $97.5M | 152,676 | 0.5% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $94.0M | 100,519 | 0.5% | 17 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $91.8M | 1,537,403 | 0.5% | 2 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $90.5M | 77,028 | 0.5% | 9 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $89.3M | 563,170 | 0.5% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $88.6M | 348,850 | 0.5% | 2 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $86.7M | 85,766 | 0.5% | 19 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $84.8M | 201,519 | 0.4% | 19 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $84.7M | 117,109 | 0.4% | 2 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $78.4M | 559,997 | 0.4% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $77.0M | 72,272 | 0.4% | 2 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $76.3M | 223,656 | 0.4% | 2 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $75.7M | 226,136 | 0.4% | 10 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $75.2M | 150,255 | 0.4% | 2 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $74.1M | 576,918 | 0.4% | 16 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $72.2M | 614,435 | 0.4% | 16 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $71.9M | 1,007,619 | 0.4% | 21 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $70.3M | 2,862,224 | 0.4% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $69.1M | 495,228 | 0.4% | 2 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $66.6M | 373,458 | 0.4% | 15 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $65.8M | 1,155,193 | 0.3% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $63.3M | 184,441 | 0.3% | 20 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $62.3M | 1,258,283 | 0.3% | 2 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $61.4M | 83,446 | 0.3% | 1 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $60.4M | 231,804 | 0.3% | 16 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $58.0M | 139,558 | 0.3% | 23 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $57.9M | 352,671 | 0.3% | 1 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $57.2M | 28,872 | 0.3% | 2 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $57.2M | 691,898 | 0.3% | 2 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $56.5M | 548,409 | 0.3% | 2 |
| AMERICAN CENTY ETF TR | [AVRE](https://holderbook.com/stocks/AVRE/) | $56.4M | 1,191,067 | 0.3% | 2 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $56.2M | 219,714 | 0.3% | 17 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $54.7M | 181,205 | 0.3% | 2 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $54.0M | 578,679 | 0.3% | 2 |
| EA SERIES TRUST | [CAOS](https://holderbook.com/stocks/CAOS/) | $54.0M | 597,146 | 0.3% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $53.8M | 143,854 | 0.3% | 2 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $53.6M | 290,133 | 0.3% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $53.5M | 365,172 | 0.3% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $52.6M | 102,335 | 0.3% | 19 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $52.3M | 308,143 | 0.3% | 2 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $51.8M | 398,969 | 0.3% | 21 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $51.7M | 512,062 | 0.3% | 10 |
| UNITED MICROELECTRONICS CORP | [UMC](https://holderbook.com/stocks/UMC/) | $51.5M | 1,891,076 | 0.3% | 1 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $51.4M | 22,599 | 0.3% | 3 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $51.3M | 493,005 | 0.3% | 23 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $50.9M | 202,359 | 0.3% | 21 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $50.5M | 445,557 | 0.3% | 2 |
| TENET HEALTHCARE CORP | [THC](https://holderbook.com/stocks/THC/) | $50.4M | 269,440 | 0.3% | 10 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $50.3M | 327,582 | 0.3% | 2 |
| BREAD FINANCIAL HOLDINGS INC | [BFH](https://holderbook.com/stocks/BFH/) | $50.1M | 461,938 | 0.3% | 2 |
| ASCENDIS PHARMA A/S | [ASND](https://holderbook.com/stocks/ASND/) | $49.9M | 187,271 | 0.3% | 1 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $49.4M | 35,700 | 0.3% | 2 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $49.3M | 1,165,380 | 0.3% | 21 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $47.2M | 133,854 | 0.2% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $46.1M | 567,041 | 0.2% | 2 |
| AMERICAN CENTY ETF TR | [AVES](https://holderbook.com/stocks/AVES/) | $45.6M | 695,217 | 0.2% | 2 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $45.4M | 60,679 | 0.2% | 2 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $44.0M | 101,980 | 0.2% | 13 |
| JABIL INC | [JBL](https://holderbook.com/stocks/JBL/) | $43.4M | 112,646 | 0.2% | 2 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $43.1M | 226,939 | 0.2% | 2 |
| VIRTU FINL INC | [VIRT](https://holderbook.com/stocks/VIRT/) | $42.5M | 713,559 | 0.2% | 2 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $42.4M | 142,324 | 0.2% | 2 |
| ABRDN ETFS | [BCI](https://holderbook.com/stocks/BCI/) | $41.5M | 1,858,368 | 0.2% | 2 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $40.6M | 194,020 | 0.2% | 2 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $39.9M | 134,050 | 0.2% | 2 |
| DAVE INC | [DAVE](https://holderbook.com/stocks/DAVE/) | $39.4M | 105,686 | 0.2% | 1 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $38.8M | 51,413 | 0.2% | 17 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $38.5M | 399,081 | 0.2% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $38.3M | 136,324 | 0.2% | 2 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $37.7M | 257,479 | 0.2% | 2 |
| DECKERS OUTDOOR CORP | [DECK](https://holderbook.com/stocks/DECK/) | $37.4M | 376,258 | 0.2% | 2 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $37.2M | 245,638 | 0.2% | 2 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $36.6M | 423,954 | 0.2% | 17 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $35.4M | 68,677 | 0.2% | 10 |
| MODINE MFG CO | [MOD](https://holderbook.com/stocks/MOD/) | $35.4M | 132,490 | 0.2% | 2 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $35.1M | 660,166 | 0.2% | 17 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $34.7M | 95,907 | 0.2% | 2 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $34.7M | 480,822 | 0.2% | 14 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $34.6M | 250,148 | 0.2% | 14 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $34.5M | 127,603 | 0.2% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.0% | +14.8% | -0.9% | 100% |
| Q1 2026 | +1.8% | -4.6% | +6.4% | 100% |
| Q4 2025 | +2.9% | +2.4% | +0.6% | 99% |
| Q3 2025 | +7.9% | +7.8% | +0.1% | 100% |
| Q2 2025 | +6.4% | +10.5% | -4.1% | 100% |
| Q1 2025 | -4.0% | -4.6% | +0.6% | 100% |
| Q4 2024 | -1.3% | +2.1% | -3.5% | 100% |
| Q3 2024 | +6.0% | +5.4% | +0.6% | 100% |

## Quarter by quarter

| Quarter | 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 | $11.1B | 1,372 |
| Q4 2023 | $4.0B | 1,254 |
| Q3 2023 | $3.4B | 1,203 |