# Empirical Asset Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1926596. Source: https://holderbook.com/funds/1926596-empirical-asset-management-llc/

- Reported value: $444.0M
- Positions: 448
- Weight of the ten largest: 19.6%
- Filed: 2026-08-10

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $20.8M | 71,730 | 4.7% | 19 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $11.7M | 15,611 | 2.6% | 19 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $9.9M | 49,426 | 2.2% | 14 |
| ETFS GOLD TR | [SGOL](https://holderbook.com/stocks/SGOL/) | $8.9M | 231,691 | 2.0% | 19 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $8.2M | 32,446 | 1.8% | 10 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $7.0M | 6,072 | 1.6% | 4 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $5.6M | 4,661 | 1.3% | 13 |
| USCF ETF TR | [SDCI](https://holderbook.com/stocks/SDCI/) | $5.5M | 206,224 | 1.2% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.3M | 14,815 | 1.2% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.5M | 18,878 | 1.0% | 19 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.4M | 11,857 | 1.0% | 19 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.3M | 13,153 | 1.0% | 12 |
| INVESCO EXCHANGE TRADED FD T | [RSPT](https://holderbook.com/stocks/RSPT/) | $4.0M | 62,304 | 0.9% | 10 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $4.0M | 11,293 | 0.9% | 18 |
| ETF OPPORTUNITIES TRUST | [ILS](https://holderbook.com/stocks/ILS/) | $4.0M | 202,430 | 0.9% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $4.0M | 33,743 | 0.9% | 19 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.9M | 11,031 | 0.9% | 12 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $3.6M | 67,443 | 0.8% | 17 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.4M | 6,013 | 0.8% | 13 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $3.1M | 8,318 | 0.7% | 19 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $3.0M | 8,380 | 0.7% | 10 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $2.9M | 66,438 | 0.7% | 4 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.9M | 3,832 | 0.6% | 19 |
| SPROTT FDS TR | [SETM](https://holderbook.com/stocks/SETM/) | $2.9M | 91,514 | 0.6% | 1 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $2.8M | 6,596 | 0.6% | 5 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $2.8M | 22,914 | 0.6% | 9 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $2.8M | 9,292 | 0.6% | 10 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.8M | 3,740 | 0.6% | 10 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $2.7M | 31,231 | 0.6% | 18 |
| CECO ENVIRONMENTAL CORP | [CECO](https://holderbook.com/stocks/CECO/) | $2.7M | 30,025 | 0.6% | 19 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $2.7M | 14,688 | 0.6% | 15 |
| ISHARES TR | [IGOV](https://holderbook.com/stocks/IGOV/) | $2.7M | 65,230 | 0.6% | 14 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $2.7M | 13,997 | 0.6% | 10 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.6M | 4,493 | 0.6% | 10 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $2.6M | 8,586 | 0.6% | 7 |
| INVESCO EXCHANGE TRADED FD T | [PWB](https://holderbook.com/stocks/PWB/) | $2.6M | 15,282 | 0.6% | 4 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $2.5M | 5,743 | 0.6% | 2 |
| FIRST TR EXCHANGE-TRADED ALP | [FTC](https://holderbook.com/stocks/FTC/) | $2.4M | 12,603 | 0.5% | 4 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $2.4M | 98,159 | 0.5% | 4 |
| SIMPLIFY EXCHANGE TRADED FUN | [CTA](https://holderbook.com/stocks/CTA/) | $2.4M | 92,415 | 0.5% | 4 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.4M | 3,285 | 0.5% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.4M | 6,248 | 0.5% | 10 |
| SPROTT ASSET MANAGEMENT LP | [PSLV](https://holderbook.com/stocks/PSLV/) | $2.3M | 122,100 | 0.5% | 1 |
| PACER FDS TR | [COWG](https://holderbook.com/stocks/COWG/) | $2.3M | 56,187 | 0.5% | 4 |
| ISHARES TR | [IYH](https://holderbook.com/stocks/IYH/) | $2.2M | 33,476 | 0.5% | 10 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.2M | 8,572 | 0.5% | 18 |
| ISHARES TR | [SMLF](https://holderbook.com/stocks/SMLF/) | $2.1M | 24,056 | 0.5% | 9 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.1M | 18,924 | 0.5% | 18 |
| FIRST TR EXCHANGE-TRADED ALP | [FNY](https://holderbook.com/stocks/FNY/) | $2.1M | 18,745 | 0.5% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.1M | 13,999 | 0.5% | 16 |
| VANECK ETF TRUST | [REMX](https://holderbook.com/stocks/REMX/) | $2.0M | 22,981 | 0.5% | 1 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $2.0M | 20,544 | 0.5% | 9 |
| FIRST TR EXCHANGE-TRADED ALP | [FYC](https://holderbook.com/stocks/FYC/) | $2.0M | 15,714 | 0.5% | 4 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $2.0M | 15,535 | 0.4% | 10 |
| INVESCO EXCHANGE TRADED FD T | [CZA](https://holderbook.com/stocks/CZA/) | $2.0M | 16,047 | 0.4% | 4 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.0M | 11,765 | 0.4% | 15 |
| J P MORGAN EXCHANGE TRADED F | [JPME](https://holderbook.com/stocks/JPME/) | $1.9M | 15,560 | 0.4% | 4 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $1.9M | 23,385 | 0.4% | 19 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $1.9M | 5,578 | 0.4% | 9 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.9M | 19,700 | 0.4% | 19 |
| INVESCO EXCH TRADED FD TR II | [RWL](https://holderbook.com/stocks/RWL/) | $1.9M | 14,770 | 0.4% | 10 |
| INVESCO EXCH TRD SLF IDX FD | [OMFS](https://holderbook.com/stocks/OMFS/) | $1.9M | 35,343 | 0.4% | 4 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $1.9M | 8,287 | 0.4% | 9 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.9M | 1,751 | 0.4% | 15 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.9M | 6,849 | 0.4% | 19 |
| SUNOCO LP/SUNOCO FIN CORP | [SUN](https://holderbook.com/stocks/SUN/) | $1.8M | 27,084 | 0.4% | 10 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.8M | 5,304 | 0.4% | 2 |
| DBX ETF TR | [DBAW](https://holderbook.com/stocks/DBAW/) | $1.8M | 36,271 | 0.4% | 4 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $1.8M | 20,318 | 0.4% | 19 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $1.7M | 13,735 | 0.4% | 18 |
| FIRST TR EXCH TRD ALPHDX FD | [FDT](https://holderbook.com/stocks/FDT/) | $1.7M | 18,226 | 0.4% | 4 |
| NEW JERSEY RES CORP | [NJR](https://holderbook.com/stocks/NJR/) | $1.7M | 30,647 | 0.4% | 19 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.7M | 1,449 | 0.4% | 7 |
| VICTORY PORTFOLIOS II | [UIVM](https://holderbook.com/stocks/UIVM/) | $1.7M | 23,421 | 0.4% | 4 |
| ISHARES TR | [IGM](https://holderbook.com/stocks/IGM/) | $1.7M | 10,289 | 0.4% | 10 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.7M | 12,263 | 0.4% | 19 |
| NEW YORK LIFE INVESTMENTS ET | [QAI](https://holderbook.com/stocks/QAI/) | $1.7M | 45,661 | 0.4% | 19 |
| LATTICE STRATEGIES TR | [RODM](https://holderbook.com/stocks/RODM/) | $1.7M | 41,112 | 0.4% | 4 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.6M | 14,917 | 0.4% | 9 |
| TRUST FOR PROFESSIONAL MANAG | [CLSE](https://holderbook.com/stocks/CLSE/) | $1.6M | 47,217 | 0.4% | 4 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $1.6M | 9,372 | 0.4% | 4 |
| STARBOARD INVT TR | [AGOX](https://holderbook.com/stocks/AGOX/) | $1.6M | 45,419 | 0.4% | 18 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.6M | 4,191 | 0.4% | 10 |
| DBX ETF TR | [DBEM](https://holderbook.com/stocks/DBEM/) | $1.5M | 37,609 | 0.3% | 19 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.5M | 3,564 | 0.3% | 10 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.5M | 1,470 | 0.3% | 10 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $1.4M | 15,950 | 0.3% | 10 |
| ISHARES TR | [IYJ](https://holderbook.com/stocks/IYJ/) | $1.4M | 8,653 | 0.3% | 10 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.4M | 3,408 | 0.3% | 9 |
| ISHARES INC | [EMGF](https://holderbook.com/stocks/EMGF/) | $1.4M | 19,261 | 0.3% | 9 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.4M | 5,575 | 0.3% | 18 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $1.4M | 60,286 | 0.3% | 19 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.4M | 17,915 | 0.3% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.3M | 3,893 | 0.3% | 12 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $1.3M | 2,035 | 0.3% | 2 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $1.3M | 9,337 | 0.3% | 9 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $1.3M | 56,188 | 0.3% | 19 |
| GOLDMAN SACHS ETF TR | [GEM](https://holderbook.com/stocks/GEM/) | $1.2M | 23,830 | 0.3% | 4 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $1.2M | 1,277 | 0.3% | 2 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.2M | 6,135 | 0.3% | 11 |

## 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 | +12.2% | +14.8% | -2.6% | 103% |
| Q1 2026 | -1.2% | -4.6% | +3.5% | 142% |
| Q4 2025 | +1.8% | +2.4% | -0.6% | 141% |
| Q3 2025 | +7.2% | +7.8% | -0.6% | 100% |
| Q2 2025 | +7.3% | +10.5% | -3.1% | 100% |
| Q2 2024 | +3.0% | +4.0% | -1.0% | 125% |
| Q1 2024 | +5.8% | +10.0% | -4.3% | 100% |
| Q4 2023 | +6.4% | +11.2% | -4.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $444.0M | 448 |
| Q1 2026 | $379.3M | 396 |
| Q4 2025 | $354.5M | 356 |
| Q3 2025 | $360.1M | 368 |
| Q2 2025 | $323.4M | 313 |
| Q1 2025 | $293.4M | 301 |
| Q4 2024 | $301.7M | 445 |
| Q3 2024 | $280.9M | 308 |
| Q2 2024 | $265.8M | 348 |
| Q1 2024 | $207.3M | 275 |
| Q4 2023 | $122.6M | 176 |
| Q3 2023 | $114.8M | 166 |