# Empirical Capital Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1642274. Source: https://holderbook.com/funds/1642274-empirical-capital-management-llc/

- Reported value: $365.9M
- Positions: 17
- Weight of the ten largest: 95.5%
- Filed: 2026-07-20

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 |
|---|---|---|---|---|---|
| TAKE-TWO INTERACTIVE SOFTWAR | [TTWO](https://holderbook.com/stocks/TTWO/) | $97.8M | 391,376 | 26.7% | 6 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $61.2M | 443,361 | 16.7% | 26 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $35.9M | 100,500 | 9.8% | 5 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $29.3M | 31,350 | 8.0% | 13 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $29.0M | 121,600 | 7.9% | 23 |
| REDDIT INC | [RDDT](https://holderbook.com/stocks/RDDT/) | $27.2M | 156,800 | 7.4% | 2 |
| HUNT J B TRANS SVCS INC | [JBHT](https://holderbook.com/stocks/JBHT/) | $23.1M | 79,900 | 6.3% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $19.3M | 170,000 | 5.3% | 20 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $14.8M | 127,000 | 4.0% | 20 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $11.7M | 77,500 | 3.2% | 22 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $5.3M | 18,000 | 1.4% | 2 |
| TRIUMPH FINANCIAL INC | [TFIN](https://holderbook.com/stocks/TFIN/) | $3.8M | 50,001 | 1.0% | 3 |
| FOX CORP | [FOXA](https://holderbook.com/stocks/FOXA/) | $3.3M | 63,400 | 0.9% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.5M | 6,000 | 0.7% | 6 |
| XPO INC | [XPO](https://holderbook.com/stocks/XPO/) | $1.0M | 5,000 | 0.3% | 11 |
| WERNER ENTERPRISES INC | [WERN](https://holderbook.com/stocks/WERN/) | $262.0K | 6,000 | 0.1% | 1 |
| HIMS & HERS HEALTH INC | [HIMS](https://holderbook.com/stocks/HIMS/) | $260.0K | 7,500 | 0.1% | 1 |

## 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 | +16.3% | +14.8% | +1.5% | 100% |
| Q1 2026 | -5.3% | -4.6% | -0.7% | 100% |
| Q4 2025 | +4.9% | +2.4% | +2.5% | 100% |
| Q3 2025 | +11.3% | +7.8% | +3.4% | 100% |
| Q2 2025 | +20.5% | +10.5% | +10.1% | 100% |
| Q1 2025 | -3.3% | -4.6% | +1.2% | 100% |
| Q4 2024 | +14.2% | +2.1% | +12.0% | 100% |
| Q3 2024 | +3.2% | +5.4% | -2.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $365.9M | 17 |
| Q1 2026 | $166.9M | 15 |
| Q4 2025 | $152.1M | 11 |
| Q3 2025 | $147.9M | 12 |
| Q2 2025 | $161.5M | 14 |
| Q1 2025 | $140.8M | 14 |
| Q4 2024 | $132.6M | 12 |
| Q3 2024 | $143.1M | 19 |
| Q2 2024 | $140.3M | 16 |
| Q1 2024 | $123.2M | 17 |
| Q4 2023 | $109.3M | 14 |
| Q3 2022 | $97.4M | 24 |