Empirical Asset Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Empirical Asset Management, LLC reported 348 stock positions worth $265.8 million. Its top holding was Apple (AAPL) at 6.6% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 2.7%) and Microsoft (MSFT, 2.5%). Compared with Q1 2024, it opened 124 new positions, sold out of 51, added to 131 and reduced 87. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +158%) and the biggest sale Pacer Developed Markets Inte (ICOW, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- WELLESLEY, MA
- CIK
- 0001926596
- Portfolio Value
- $265.8M (Q2 2024)
- SEC Filing
- 0001951757-24-000727 ↗ filed Aug 12, 2024
Holdings Value
Holdings 348 stocks · $265.8M
| AAPL Apple Inc. | 6.61% | 294,069 | $17.6M | Add +257.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.65% | 12,959 | $7.1M | Add +157.5% |
| MSFT Microsoft Corp. | 2.47% | 120,854 | $6.6M | Add +377.1% |
| IYW iShares Ustechnology ETF | 2.10% | 37,079 | $5.6M | Add +11.9% |
| HD Home Depot Inc. | 1.73% | 35,335 | $4.6M | Add +100.7% |
| SGOL Abrdn Physical Gold Shares | 1.66% | 198,062 | $4.4M | Reduce -1.3% |
| UTWO F/M US Treasury 2 Year Note | 1.63% | 90,112 | $4.3M | Reduce -1.7% |
| META Meta Platforms Inc. Class A | 1.55% | 35,653 | $4.1M | Add +131.9% |
| NVDA Nvidia Corp. | 1.45% | 35,372 | $3.8M | Reduce -59.5% |
| AMZN Amazon.com Inc. | 1.33% | 55,611 | $3.5M | Add +154.3% |
| GOOG Alphabet Inc. Class C | 1.17% | 16,943 | $3.1M | Reduce -17.2% |
| JPM JPMorgan Chase & Co. | 1.09% | 22,102 | $2.9M | Add +25.5% |
| RSPT Invesco S&P 500 Equal Weight | 1.04% | 75,595 | $2.8M | Reduce -4.0% |
| PG The Procter & Gamble Co. | 0.95% | 38,030 | $2.5M | Add +82.2% |
| IYH iShares U.S. Healthcare ETF | 0.94% | 40,720 | $2.5M | Add +19.6% |
| UTEN F/M US Treasury 10 Year Note | 0.93% | 56,590 | $2.5M | Add +12.6% |
| SLV iShares Silver Trust | 0.90% | 90,068 | $2.4M | Reduce -1.0% |
| WTMF Wisdomtree MGD Futures Strat | 0.88% | 64,597 | $2.3M | Reduce -8.4% |
| XOM Exxon Mobil Corp. | 0.87% | 29,604 | $2.3M | Add +28.4% |
| GLD SPDR Gold Shares | 0.79% | 15,613 | $2.1M | Add +181.9% |
| SUN Sunoco LP | 0.74% | 34,983 | $2.0M | Reduce -1.3% |
| IBB iShares Biotechnology ETF | 0.74% | 14,368 | $2.0M | Reduce -4.4% |
| MCD McDonald's Corp. | 0.72% | 27,154 | $1.9M | Add +253.3% |
| GCC Wisdomtree Enhanced Commodit | 0.70% | 98,291 | $1.9M | Add +10.9% |
| CVX Chevron Corp. | 0.69% | 27,199 | $1.8M | Add +81.0% |
| TPL Texas Pacific Land Corp. | 0.68% | 2,476 | $1.8M | Add +0.2% |
| IVV iShares Core S&P 500 ETF | 0.68% | 3,321 | $1.8M | Add +138.2% |
| IWF iShares Russell 1000 Growth | 0.64% | 5,294 | $1.7M | New |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.62% | 39,786 | $1.6M | Reduce -0.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.61% | 22,270 | $1.6M | Add +202.1% |
| CSCO Cisco Systems Inc. | 0.61% | 41,265 | $1.6M | Add +73.8% |
| IVE iShares S&P 500 Value ETF | 0.60% | 8,828 | $1.6M | New |
| QCOM Qualcomm Inc. | 0.59% | 14,401 | $1.6M | Add +82.7% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | 0.57% | 48,686 | $1.5M | Reduce -8.5% |
| DBEM Xtrackers MSCI Emerging Mark | 0.55% | 58,695 | $1.5M | Reduce -17.3% |
| IGV iShares Expanded Tech-Softwa | 0.54% | 16,475 | $1.4M | Reduce -2.2% |
| QLVD NT Dev Exus QLV ETF | 0.53% | 53,824 | $1.4M | Reduce -32.9% |
| ADP Automatic Data Processing | 0.52% | 20,285 | $1.4M | Add +268.1% |
| UEVM Victoryshares Emerging Marke | 0.52% | 28,225 | $1.4M | Reduce -19.4% |
| ICOW Pacer Developed Markets Inte | 0.52% | 45,211 | $1.4M | Reduce -33.3% |
| WMT Walmart Inc. | 0.51% | 20,004 | $1.4M | Reduce -18.9% |
| LLY Eli Lilly & Co. | 0.49% | 50,012 | $1.3M | Add +2746.4% |
| FLQM Franklin U.S. Mid Cap Multif | 0.49% | 25,360 | $1.3M | Add +13.2% |
| COST Costco Wholesale Corp. | 0.46% | 17,311 | $1.2M | Add +148.0% |
| IGOV iShares International Treasu | 0.45% | 30,762 | $1.2M | Add +43.0% |
| IYJ iShares U.S. Industrials ETF | 0.43% | 9,613 | $1.1M | Add +71.3% |
| SCHZ Schwab US Aggregate Bond ETF | 0.43% | 25,129 | $1.1M | Add +49.7% |
| RWL Invesco S&P 500 Revenue ETF | 0.43% | 12,265 | $1.1M | Reduce -1.4% |
| ARM Arm Holdings PLC-ADR | 0.43% | 6,925 | $1.1M | Add +56.5% |
| IWR iShares Russell Mid-Cap ETF | 0.42% | 13,880 | $1.1M | New |
| AGOX Adaptive Alpha Opportunities | 0.42% | 40,307 | $1.1M | Reduce -5.6% |
| ORCL Oracle Corp. | 0.42% | 15,350 | $1.1M | Add +308.0% |
| PAYX Paychex Inc. | 0.42% | 15,535 | $1.1M | Add +100.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.41% | 38,762 | $1.1M | Add +339.0% |
| GOOGL Alphabet Inc. Class A | 0.41% | 47,271 | $1.1M | Add +642.7% |
| CDNS Cadence Design SYS Inc. | 0.41% | 3,511 | $1.1M | Add +210.4% |
| ISRG Intuitive Surgical Inc. | 0.41% | 16,848 | $1.1M | Add +664.1% |
| HYZD Wisdomtree Interest Rate Hed | 0.41% | 49,333 | $1.1M | Reduce -13.0% |
| COM Direxion Auspice BRD Cmdty | 0.40% | 36,905 | $1.1M | Reduce -30.1% |
| IJH iShares Core S&P Midcap ETF | 0.40% | 18,125 | $1.1M | Add +385.8% |
| JPEM JPM Diversified Ret Em Equit filed as J P MORGAN EXCHANGE TRADED F | 0.39% | 19,296 | $1.0M | Reduce -32.7% |
| IUSG iShares Core S&P U.S. Growth | 0.39% | 300,706 | $1.0M | Add +5061.4% |
| PEP Pepsico Inc. | 0.38% | 32,433 | $1.0M | Add +462.5% |
| V Visa Inc. Class A | 0.38% | 48,773 | $1.0M | Add +1426.5% |
| BTAL Agf US Market Neutral Anti-B | 0.38% | 51,740 | $1.0M | Reduce -27.3% |
| MCO Moody's Corp. | 0.38% | 2,405 | $1.0M | Add +13.4% |
| IWM iShares Russell 2000 ETF | 0.38% | 4,950 | $1.0M | Reduce -91.8% |
| RSPH Invesco S&P 500 Equal Weight | 0.38% | 33,415 | $1.0M | Reduce -6.8% |
| COWZ Pacer US Cash Cows 100 ETF | 0.37% | 26,422 | $981K | Reduce -3.8% |
| HYHG Proshares High Yield Interes | 0.36% | 14,944 | $958K | Reduce -14.5% |
| SPHD Invesco S&P 500 High Dividen | 0.35% | 21,186 | $941K | Add +1.0% |
| IVW iShares S&P 500 Growth ETF | 0.35% | 10,129 | $937K | New |
| ADBE Adobe Inc. | 0.35% | 2,607 | $935K | Add +188.4% |
| IGM iShares Expanded Tech Sector | 0.35% | 41,369 | $930K | Add +339.2% |
| AGG iShares Core U.S. Aggregate | 0.34% | 9,233 | $896K | New |
| VGLT Vanguard Long-Term Treasury | 0.34% | 15,500 | $894K | Reduce -69.6% |
| CECO Ceco Environmental Corp. | 0.33% | 30,709 | $886K | Add +43.9% |
| IUSV iShares Core S&P U.S. Value | 0.33% | 284,606 | $881K | New |
| CDC Victoryshares US Eq Income E | 0.33% | 14,964 | $876K | Add +1.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 31,911 | $876K | Add +197.8% |
| SBUX Starbucks Corp. | 0.33% | 22,305 | $870K | Add +107.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.32% | 11,144 | $861K | New |
| TDTT NT Iboxx 3Y Dur Tips ETF | 0.32% | 36,326 | $857K | Reduce -9.3% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.32% | 24,025 | $854K | Reduce -31.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.32% | 7,204 | $838K | Reduce -12.6% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.31% | 5,521 | $836K | Add +132.7% |
| UNP Union Pacific Corp. | 0.31% | 20,383 | $819K | Add +1088.5% |
| RECS Columbia Resear Enh Cor ETF | 0.31% | 25,366 | $819K | New |
| QLC NT US Qual LC ETF | 0.31% | 13,270 | $816K | New |
| JOET Virtus Terranova US Qual Mom | 0.30% | 23,142 | $795K | New |
| STIP iShares 0-5 Year Tips Bond E | 0.29% | 7,799 | $776K | Reduce -10.5% |
| SNPS Synopsys Inc. | 0.29% | 1,283 | $763K | Add +151.6% |
| IJR iShares Core S&P Small-Cap E | 0.29% | 7,152 | $763K | Add +242.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.28% | 2,020 | $756K | Add +156.3% |
| MPC Marathon Petroleum Corp. | 0.28% | 4,342 | $753K | Reduce -0.7% |
| ARCB Arcbest Corp. | 0.28% | 7,008 | $750K | New |
| MKTX Marketaxess Holdings Inc. | 0.28% | 3,732 | $748K | Add +214.9% |
| WFC Wells Fargo & Co. | 0.28% | 18,760 | $740K | New |
| TSLA Tesla Inc. | 0.27% | 3,680 | $728K | Reduce -44.3% |
| CZA Invesco Zacks Mid-Cap ETF | 0.27% | 7,341 | $717K | Reduce -35.0% |
Portfolio Sells Q1 2024 → Q2 2024
| ICOW Pacer Developed Markets Inte | Reduce -33.3% | 0.52% | −0.53 |
| UTWO F/M US Treasury 2 Year Note | Reduce -1.7% | 1.63% | −0.50 |
| QLVD NT Dev Exus QLV ETF | Reduce -32.9% | 0.53% | −0.50 |
| CSML Indexiq ETF Trust Iq U.S. SM | Sold out | 0.00% | −0.43 |
| GILD Gilead Sciences Inc. | Reduce -59.0% | 0.18% | −0.42 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -3.8% | 0.37% | −0.40 |
| SGOL Abrdn Physical Gold Shares | Reduce -1.3% | 1.66% | −0.40 |
| XLRE SS Real Estate Select Sector | Reduce -47.1% | 0.26% | −0.40 |
| WTMF Wisdomtree MGD Futures Strat | Reduce -8.4% | 0.88% | −0.39 |
| JPEM JPM Diversified Ret Em Equit | Reduce -32.7% | 0.39% | −0.35 |
| VONG Vanguard Russell 1000 Growth | Sold out | 0.00% | −0.34 |
| COM Direxion Auspice BRD Cmdty | Reduce -30.1% | 0.40% | −0.32 |
| RSPT Invesco S&P 500 Equal Weight | Reduce -4.0% | 1.04% | −0.29 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.29 |
| SUN Sunoco LP | Reduce -1.3% | 0.74% | −0.29 |
| CZA Invesco Zacks Mid-Cap ETF | Reduce -35.0% | 0.27% | −0.28 |
| JPME JPM Diver Ret US MC Equity | Reduce -35.1% | 0.27% | −0.28 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -64.5% | 0.10% | −0.28 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -31.9% | 0.32% | −0.27 |
| DBEM Xtrackers MSCI Emerging Mark | Reduce -17.3% | 0.55% | −0.27 |
| FAST Fastenal Co. | Reduce -17.4% | 0.15% | −0.27 |
| XLB SS Materials Select Sector | Reduce -38.7% | 0.21% | −0.26 |
| IBB iShares Biotechnology ETF | Reduce -4.4% | 0.74% | −0.25 |
| UEVM Victoryshares Emerging Marke | Reduce -19.4% | 0.52% | −0.25 |
| XLY SS Consumer Disc Select Sect | Reduce -38.5% | 0.23% | −0.25 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.25 |
| FVAL Fidelity Value Factor ETF | Sold out | 0.00% | −0.25 |
| BTAL Agf US Market Neutral Anti-B | Reduce -27.3% | 0.38% | −0.24 |
| OUSM Alps Oshares US Small-Cap Qu | Reduce -35.0% | 0.22% | −0.23 |
| RL Ralph Lauren Corp. | Sold out | 0.00% | −0.23 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Reduce -8.5% | 0.57% | −0.22 |
| AXP American Express Co. | Sold out | 0.00% | −0.22 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.20 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.20 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.20 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.20 |
| TPR Tapestry Inc. | Sold out | 0.00% | −0.20 |
| HYZD Wisdomtree Interest Rate Hed | Reduce -13.0% | 0.41% | −0.20 |
| XLC SS Comm Select Sector SPDR | Sold out | 0.00% | −0.20 |
| VICTORY PORTFOLIOS II | Reduce -36.8% | 0.18% | −0.20 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.19 |
| FTV Fortive Corp. | Sold out | 0.00% | −0.19 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.19 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.19 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −0.19 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.19 |
| IT Gartner Inc. | Reduce -52.7% | 0.10% | −0.18 |
| CVS CVS Health Corp. | Reduce -32.7% | 0.17% | −0.18 |
| HYHG Proshares High Yield Interes | Reduce -14.5% | 0.36% | −0.18 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.18 |
Portfolio Buys Q1 2024 → Q2 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Add +157.5% | 2.65% | +1.38 |
| AAPL Apple Inc. | Add +257.1% | 6.61% | +0.65 |
| IWF iShares Russell 1000 Growth | New | 0.64% | +0.64 |
| IVE iShares S&P 500 Value ETF | New | 0.60% | +0.60 |
| IWR iShares Russell Mid-Cap ETF | New | 0.42% | +0.42 |
| IVW iShares S&P 500 Growth ETF | New | 0.35% | +0.35 |
| IEFA iShares Core MSCI Eafe ETF | Add +202.1% | 0.61% | +0.34 |
| AGG iShares Core U.S. Aggregate | New | 0.34% | +0.34 |
| IUSV iShares Core S&P U.S. Value | New | 0.33% | +0.33 |
| IVV iShares Core S&P 500 ETF | Add +138.2% | 0.68% | +0.33 |
| VCSH Vanguard S/T Corp. Bond ETF | New | 0.32% | +0.32 |
| LLY Eli Lilly & Co. | Add +2746.4% | 0.49% | +0.32 |
| RECS Columbia Resear Enh Cor ETF | New | 0.31% | +0.31 |
| QLC NT US Qual LC ETF | New | 0.31% | +0.31 |
| JOET Virtus Terranova US Qual Mom | New | 0.30% | +0.30 |
| IJH iShares Core S&P Midcap ETF | Add +385.8% | 0.40% | +0.29 |
| ARCB Arcbest Corp. | New | 0.28% | +0.28 |
| WFC Wells Fargo & Co. | New | 0.28% | +0.28 |
| VGT Vanguard Info Tech ETF | New | 0.27% | +0.27 |
| PPTY US Diversified Real Estate E | New | 0.27% | +0.27 |
| FNX First Trust Mid Cap Core Alp | New | 0.26% | +0.26 |
| GSG iShares S&P Gsci Commodity I | New | 0.26% | +0.26 |
| EFAV iShares MSCI Eafe Min Vol Fa | New | 0.24% | +0.24 |
| JPST JPMorgan Ultra-Short Income | New | 0.24% | +0.24 |
| CDNS Cadence Design SYS Inc. | Add +210.4% | 0.41% | +0.24 |
| GLD SPDR Gold Shares | Add +181.9% | 0.79% | +0.24 |
| MMM 3M Co. | New | 0.23% | +0.23 |
| TIP iShares Tips Bond ETF | New | 0.23% | +0.23 |
| IBDQ iShares Ibonds Dec 2025 Term | New | 0.23% | +0.23 |
| IYM iShares U.S. Basic Materials | New | 0.21% | +0.21 |
| QVMM Invesco S&P Midcap 400 QVM M | New | 0.21% | +0.21 |
| BAC Bank of America Corp. | Add +197.8% | 0.33% | +0.20 |
| IBDR iShares Ibonds Dec 2026 Term | New | 0.20% | +0.20 |
| ETF SER SOLUTIONS | New | 0.20% | +0.20 |
| AMZN Amazon.com Inc. | Add +154.3% | 1.33% | +0.20 |
| ORCL Oracle Corp. | Add +308.0% | 0.42% | +0.19 |
| MDT Medtronic PLC | New | 0.19% | +0.19 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.19% | +0.19 |
| INTU Intuit Inc. | New | 0.19% | +0.19 |
| CB Chubb Ltd. | New | 0.18% | +0.18 |
| SCHW Schwab (charles) Corp. | New | 0.18% | +0.18 |
| INDA iShares MSCI India ETF | New | 0.18% | +0.18 |
| WRB WR Berkley Corp. | New | 0.18% | +0.18 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.18% | +0.18 |
| IJR iShares Core S&P Small-Cap E | Add +242.2% | 0.29% | +0.18 |
| MUB iShares National Muni Bond E | New | 0.17% | +0.17 |
| FLQS Franklin U.S. Small Cap Mult | New | 0.17% | +0.17 |
| SMLF iShares US Smallcap Equity F | New | 0.17% | +0.17 |
| DGRS Wisdomtree U.S. Smallcap Qua | New | 0.17% | +0.17 |
| RSP Invesco S&P 500 Equal Weight | New | 0.17% | +0.17 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 448 | $444.0M | AAPL, SPY, NVDA, SGOL, IYW |
| Q1 2026 | 395 | $378.2M | AAPL, SPY, SDCI, SGOL, NVDA |
| Q4 2025 | 356 | $354.5M | AAPL, SPY, SGOL, NVDA, IYW |
| Q3 2025 | 368 | $360.1M | AAPL, SPY, NVDA, MSFT, IYW |
| Q2 2025 | 313 | $323.4M | AAPL, SPY, NVDA, MSFT, IYW |
| Q1 2025 | 301 | $293.4M | AAPL, SPY, SGOL, NVDA, MSFT |
| Q4 2024 | 445 | $301.7M | AAPL, SPY, NVDA, IYW, MSFT |
| Q3 2024 | 308 | $280.9M | AAPL, SPY, MSFT, IYW, NVDA |
| Q2 2024 | 348 | $265.8M | AAPL, SPY, MSFT, IYW, HD |
| Q1 2024 | 275 | $207.3M | AAPL, MSFT, HD, IYW, UTWO |