Empirical Asset Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 11, 2024), Empirical Asset Management, LLC reported 308 stock positions worth $280.9 million. Its top holding was Apple (AAPL) at 6.5% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 2.7%) and Microsoft (MSFT, 2.4%). Compared with Q2 2024, it opened 20 new positions, sold out of 60, added to 152 and reduced 102. The biggest buy was US Diversified Real Estate E (PPTY, shares +197%) and the biggest sale an exit from NT Dev Exus QLV ETF (QLVD).
- Most Recent 13F
- Q2 2026
- Location
- WELLESLEY, MA
- CIK
- 0001926596
- Portfolio Value
- $280.9M (Q3 2024)
- SEC Filing
- 0001951757-24-001012 ↗ filed Oct 11, 2024
Holdings Value
Holdings 308 stocks · $280.9M
| AAPL Apple Inc. | 6.49% | 288,961 | $18.2M | Reduce -1.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.72% | 13,326 | $7.6M | Add +2.8% |
| MSFT Microsoft Corp. | 2.39% | 121,747 | $6.7M | Add +0.7% |
| IYW iShares Ustechnology ETF | 1.99% | 36,890 | $5.6M | Reduce -0.5% |
| NVDA Nvidia Corp. | 1.98% | 50,012 | $5.6M | Add +41.4% |
| HD Home Depot Inc. | 1.90% | 35,213 | $5.3M | Reduce -0.3% |
| SGOL Abrdn Physical Gold Shares | 1.67% | 186,266 | $4.7M | Reduce -6.0% |
| META Meta Platforms Inc. Class A | 1.54% | 35,054 | $4.3M | Reduce -1.7% |
| AMZN Amazon.com Inc. | 1.47% | 59,387 | $4.1M | Add +6.8% |
| UTWO F/M US Treasury 2 Year Note | 1.29% | 74,165 | $3.6M | Reduce -17.7% |
| UTEN F/M US Treasury 10 Year Note | 1.23% | 75,780 | $3.4M | Add +33.9% |
| JPM JPMorgan Chase & Co. | 1.07% | 22,023 | $3.0M | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 1.03% | 17,327 | $2.9M | Add +2.3% |
| RSPT Invesco S&P 500 Equal Weight | 1.01% | 75,040 | $2.8M | Reduce -0.7% |
| IYH iShares U.S. Healthcare ETF | 0.91% | 39,510 | $2.6M | Reduce -3.0% |
| PG The Procter & Gamble Co. | 0.90% | 37,303 | $2.5M | Reduce -1.9% |
| JOET Virtus Terranova US Qual Mom | 0.85% | 64,636 | $2.4M | Add +179.3% |
| PPTY US Diversified Real Estate E | 0.84% | 69,025 | $2.4M | Add +197.0% |
| QLC NT US Qual LC ETF | 0.84% | 36,288 | $2.4M | Add +173.5% |
| RECS Columbia Resear Enh Cor ETF | 0.84% | 69,327 | $2.4M | Add +173.3% |
| GCC Wisdomtree Enhanced Commodit | 0.84% | 122,889 | $2.3M | Add +25.0% |
| SLV iShares Silver Trust | 0.83% | 82,488 | $2.3M | Reduce -8.4% |
| GLD SPDR Gold Shares | 0.83% | 15,548 | $2.3M | Reduce -0.4% |
| XOM Exxon Mobil Corp. | 0.83% | 29,310 | $2.3M | Reduce -1.0% |
| TPL Texas Pacific Land Corp. | 0.78% | 2,479 | $2.2M | Add +0.1% |
| MCD McDonald's Corp. | 0.77% | 26,710 | $2.2M | Reduce -1.6% |
| IBB iShares Biotechnology ETF | 0.76% | 14,658 | $2.1M | Add +2.0% |
| IGOV iShares International Treasu | 0.75% | 50,518 | $2.1M | Add +64.2% |
| ETF SER SOLUTIONS | 0.75% | 83,449 | $2.1M | Add +297.6% |
| GSG iShares S&P Gsci Commodity I | 0.75% | 100,500 | $2.1M | Add +224.7% |
| IVV iShares Core S&P 500 ETF | 0.68% | 3,292 | $1.9M | Reduce -0.9% |
| FNX First Trust Mid Cap Core Alp | 0.65% | 15,586 | $1.8M | Add +141.7% |
| SUN Sunoco LP | 0.64% | 33,512 | $1.8M | Reduce -4.2% |
| IWM iShares Russell 2000 ETF | 0.64% | 8,096 | $1.8M | Add +63.6% |
| IWF iShares Russell 1000 Growth | 0.62% | 5,294 | $1.7M | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.62% | 22,242 | $1.7M | Reduce -0.1% |
| FLQM Franklin U.S. Mid Cap Multif | 0.60% | 30,467 | $1.7M | Add +20.1% |
| ANET Arista Networks Inc. | 0.59% | 9,468 | $1.7M | Add +32.5% |
| CVX Chevron Corp. | 0.59% | 26,776 | $1.7M | Reduce -1.6% |
| WTMF Wisdomtree MGD Futures Strat | 0.59% | 46,726 | $1.7M | Reduce -27.7% |
| QVMM Invesco S&P Midcap 400 QVM M | 0.59% | 57,263 | $1.7M | Add +183.4% |
| WMT Walmart Inc. | 0.58% | 20,021 | $1.6M | Add +0.1% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.57% | 38,240 | $1.6M | Reduce -3.9% |
| IVE iShares S&P 500 Value ETF | 0.53% | 7,540 | $1.5M | Reduce -14.6% |
| PEP Pepsico Inc. | 0.52% | 34,815 | $1.5M | Add +7.3% |
| MCO Moody's Corp. | 0.52% | 3,053 | $1.4M | Add +26.9% |
| IGV iShares Expanded Tech-Softwa | 0.51% | 16,100 | $1.4M | Reduce -2.3% |
| LLY Eli Lilly & Co. | 0.50% | 50,150 | $1.4M | Add +0.3% |
| CMG Chipotle Mexican Grill Inc. | 0.50% | 30,589 | $1.4M | Add +144.3% |
| VGLT Vanguard Long-Term Treasury | 0.49% | 22,478 | $1.4M | Add +45.0% |
| CSCO Cisco Systems Inc. | 0.49% | 33,183 | $1.4M | Reduce -19.6% |
| HIG Hartford Insurance Group Inc. | 0.49% | 11,670 | $1.4M | Add +187.2% |
| QCOM Qualcomm Inc. | 0.49% | 14,515 | $1.4M | Add +0.8% |
| V Visa Inc. Class A | 0.49% | 49,879 | $1.4M | Add +2.3% |
| AGG iShares Core U.S. Aggregate | 0.48% | 13,410 | $1.4M | Add +45.2% |
| FLQS Franklin U.S. Small Cap Mult | 0.47% | 30,992 | $1.3M | Add +163.9% |
| SMLF iShares US Smallcap Equity F | 0.47% | 19,786 | $1.3M | Add +166.1% |
| DGRS Wisdomtree U.S. Smallcap Qua | 0.47% | 25,456 | $1.3M | Add +166.5% |
| IYJ iShares U.S. Industrials ETF | 0.46% | 9,722 | $1.3M | Add +1.1% |
| IWR iShares Russell Mid-Cap ETF | 0.45% | 14,432 | $1.3M | Add +4.0% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.45% | 39,189 | $1.3M | Reduce -19.5% |
| COST Costco Wholesale Corp. | 0.44% | 17,285 | $1.2M | Reduce -0.1% |
| SCHZ Schwab US Aggregate Bond ETF | 0.43% | 25,233 | $1.2M | Add +0.4% |
| AMP Ameriprise Financial Inc. | 0.43% | 8,710 | $1.2M | Add +27.3% |
| GSWO Goldman Sachs Activebeta Wor | 0.43% | 23,522 | $1.2M | Add +180.7% |
| RWL Invesco S&P 500 Revenue ETF | 0.42% | 12,165 | $1.2M | Reduce -0.8% |
| ARM Arm Holdings PLC-ADR | 0.42% | 8,325 | $1.2M | Add +20.2% |
| QWLD State Street SPDR MSCI World | 0.42% | 9,148 | $1.2M | Add +182.0% |
| ADP Automatic Data Processing | 0.42% | 18,696 | $1.2M | Reduce -7.8% |
| AGOX Adaptive Alpha Opportunities | 0.42% | 40,420 | $1.2M | Add +0.3% |
| LVHI Franklin International Low V | 0.41% | 36,945 | $1.1M | Add +186.9% |
| IJH iShares Core S&P Midcap ETF | 0.39% | 17,672 | $1.1M | Reduce -2.5% |
| CPRT Copart Inc. | 0.39% | 20,714 | $1.1M | Add +83.6% |
| IUSG iShares Core S&P U.S. Growth | 0.38% | 300,717 | $1.1M | Add +0.0% |
| RSPH Invesco S&P 500 Equal Weight | 0.38% | 33,010 | $1.1M | Reduce -1.2% |
| GOOGL Alphabet Inc. Class A | 0.37% | 47,453 | $1.0M | Add +0.4% |
| SNPS Synopsys Inc. | 0.36% | 2,008 | $1.0M | Add +56.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.36% | 36,544 | $1.0M | Reduce -5.7% |
| AXP American Express Co. | 0.34% | 3,557 | $965K | New |
| CB Chubb Ltd. | 0.34% | 17,214 | $963K | Add +9.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.34% | 7,205 | $948K | Add +0.0% |
| IGM iShares Expanded Tech Sector | 0.34% | 41,369 | $945K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.34% | 20,134 | $941K | Add +40.5% |
| IUSV iShares Core S&P U.S. Value | 0.33% | 284,606 | $931K | No change |
| TRV The Travelers Cos Inc. | 0.33% | 14,956 | $922K | Add +27.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.32% | 11,426 | $907K | Add +2.5% |
| FLSP Franklin Systematic Style PR | 0.32% | 37,558 | $905K | Add +240.7% |
| ACGL Arch Capital Group Ltd. | 0.32% | 8,077 | $904K | New |
| IVW iShares S&P 500 Growth ETF | 0.32% | 9,420 | $902K | Reduce -7.0% |
| CVNA Carvana Co. | 0.32% | 5,109 | $890K | Add +2.0% |
| AIZ Assurant Inc. | 0.31% | 4,439 | $883K | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.31% | 1,889 | $879K | New |
| CECO Ceco Environmental Corp. | 0.31% | 30,709 | $866K | No change |
| IJR iShares Core S&P Small-Cap E | 0.31% | 7,395 | $865K | Add +3.4% |
| MMM 3M Co. | 0.30% | 6,161 | $842K | Add +0.8% |
| DBEM Xtrackers MSCI Emerging Mark | 0.30% | 31,818 | $837K | Reduce -45.8% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.30% | 14,645 | $831K | Add +60.4% |
| QUAL iShares MSCI USA Quality Fac | 0.30% | 4,631 | $830K | Add +27.5% |
| TSLA Tesla Inc. | 0.30% | 3,169 | $829K | Reduce -13.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.29% | 30,520 | $819K | Reduce -4.4% |
Portfolio Sells Q2 2024 → Q3 2024
| QLVD NT Dev Exus QLV ETF | Sold out | 0.00% | −0.53 |
| ICOW Pacer Developed Markets Inte | Sold out | 0.00% | −0.52 |
| COM Direxion Auspice BRD Cmdty | Sold out | 0.00% | −0.40 |
| JPEM JPM Diversified Ret Em Equit | Sold out | 0.00% | −0.39 |
| BTAL Agf US Market Neutral Anti-B | Sold out | 0.00% | −0.38 |
| COWZ Pacer US Cash Cows 100 ETF | Sold out | 0.00% | −0.37 |
| SPHD Invesco S&P 500 High Dividen | Sold out | 0.00% | −0.35 |
| UTWO F/M US Treasury 2 Year Note | Reduce -17.7% | 1.29% | −0.34 |
| CDC Victoryshares US Eq Income E | Sold out | 0.00% | −0.33 |
| HEFA Isha Curr Hedged MSCI Eafe | Sold out | 0.00% | −0.32 |
| WTMF Wisdomtree MGD Futures Strat | Reduce -27.7% | 0.59% | −0.29 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.28 |
| UEVM Victoryshares Emerging Marke | Reduce -50.9% | 0.25% | −0.27 |
| CZA Invesco Zacks Mid-Cap ETF | Sold out | 0.00% | −0.27 |
| JPME JPM Diver Ret US MC Equity | Sold out | 0.00% | −0.27 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.26 |
| DBEM Xtrackers MSCI Emerging Mark | Reduce -45.8% | 0.30% | −0.25 |
| TIP iShares Tips Bond ETF | Sold out | 0.00% | −0.23 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.23 |
| OUSM Alps Oshares US Small-Cap Qu | Sold out | 0.00% | −0.22 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.22 |
| AGZD Wisdomtree Trust Wisdomtree | Sold out | 0.00% | −0.21 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.20 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.20 |
| CDNS Cadence Design SYS Inc. | Reduce -37.2% | 0.21% | −0.19 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.19 |
| VRSK Verisk Analytics Inc. | Sold out | 0.00% | −0.19 |
| NDAQ Nasdaq Inc. | Sold out | 0.00% | −0.19 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.19 |
| VICTORY PORTFOLIOS II | Sold out | 0.00% | −0.18 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.18 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.18 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.18 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.17 |
| ADBE Adobe Inc. | Reduce -27.2% | 0.18% | −0.17 |
| HYHG Proshares High Yield Interes | Reduce -44.7% | 0.19% | −0.17 |
| HYZD Wisdomtree Interest Rate Hed | Reduce -39.1% | 0.24% | −0.17 |
| PAYX Paychex Inc. | Reduce -26.6% | 0.25% | −0.17 |
| RSG Republic Services Inc. | Sold out | 0.00% | −0.17 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.17 |
| ORCL Oracle Corp. | Reduce -24.1% | 0.25% | −0.17 |
| EBAY eBay Inc. | Sold out | 0.00% | −0.16 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.16 |
| YUM Yum! Brands Inc. | Sold out | 0.00% | −0.16 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.16 |
| TBIL F/M US Treasury 3 Month Bill | Sold out | 0.00% | −0.16 |
| MTB M & T Bank Corp. | Reduce -55.1% | 0.16% | −0.16 |
| SBUX Starbucks Corp. | Reduce -27.7% | 0.17% | −0.16 |
| RF Regions Financial Corp. | Sold out | 0.00% | −0.15 |
| ON On Semiconductor | Sold out | 0.00% | −0.15 |
Portfolio Buys Q2 2024 → Q3 2024
| PPTY US Diversified Real Estate E | Add +197.0% | 0.84% | +0.58 |
| ETF SER SOLUTIONS | Add +297.6% | 0.75% | +0.55 |
| JOET Virtus Terranova US Qual Mom | Add +179.3% | 0.85% | +0.55 |
| QLC NT US Qual LC ETF | Add +173.5% | 0.84% | +0.53 |
| NVDA Nvidia Corp. | Add +41.4% | 1.98% | +0.53 |
| RECS Columbia Resear Enh Cor ETF | Add +173.3% | 0.84% | +0.53 |
| GSG iShares S&P Gsci Commodity I | Add +224.7% | 0.75% | +0.49 |
| FNX First Trust Mid Cap Core Alp | Add +141.7% | 0.65% | +0.39 |
| QVMM Invesco S&P Midcap 400 QVM M | Add +183.4% | 0.59% | +0.38 |
| CMG Chipotle Mexican Grill Inc. | Add +144.3% | 0.50% | +0.35 |
| AXP American Express Co. | New | 0.34% | +0.34 |
| HIG Hartford Insurance Group Inc. | Add +187.2% | 0.49% | +0.34 |
| ANET Arista Networks Inc. | Add +32.5% | 0.59% | +0.33 |
| ACGL Arch Capital Group Ltd. | New | 0.32% | +0.32 |
| AMP Ameriprise Financial Inc. | Add +27.3% | 0.43% | +0.32 |
| AIZ Assurant Inc. | New | 0.31% | +0.31 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.31% | +0.31 |
| IGOV iShares International Treasu | Add +64.2% | 0.75% | +0.31 |
| UTEN F/M US Treasury 10 Year Note | Add +33.9% | 1.23% | +0.30 |
| DGRS Wisdomtree U.S. Smallcap Qua | Add +166.5% | 0.47% | +0.30 |
| FLQS Franklin U.S. Small Cap Mult | Add +163.9% | 0.47% | +0.30 |
| SMLF iShares US Smallcap Equity F | Add +166.1% | 0.47% | +0.30 |
| NFLX Netflix Inc. | New | 0.29% | +0.29 |
| FSLR First Solar Inc. | New | 0.29% | +0.29 |
| GRMN Garmin Ltd. | New | 0.29% | +0.29 |
| DECK Deckers Outdoor Corp. | New | 0.29% | +0.29 |
| ROST Ross Stores Inc. | New | 0.28% | +0.28 |
| GSWO Goldman Sachs Activebeta Wor | Add +180.7% | 0.43% | +0.28 |
| TRV The Travelers Cos Inc. | Add +27.9% | 0.33% | +0.28 |
| QWLD State Street SPDR MSCI World | Add +182.0% | 0.42% | +0.27 |
| LVHI Franklin International Low V | Add +186.9% | 0.41% | +0.27 |
| IWM iShares Russell 2000 ETF | Add +63.6% | 0.64% | +0.26 |
| TJX TJX Companies Inc. | Add +40.5% | 0.34% | +0.24 |
| FLSP Franklin Systematic Style PR | Add +240.7% | 0.32% | +0.22 |
| BBY Best Buy Co. Inc. | New | 0.20% | +0.20 |
| IGHG Proshares Ig Hedged | New | 0.19% | +0.19 |
| EMGF iShares Emerging Markets Equ | Add +199.0% | 0.25% | +0.16 |
| MFEM PIMCO Rafi Dynamic Multi-Fac | Add +201.3% | 0.24% | +0.16 |
| CB Chubb Ltd. | Add +9.2% | 0.34% | +0.16 |
| CPRT Copart Inc. | Add +83.6% | 0.39% | +0.16 |
| VGLT Vanguard Long-Term Treasury | Add +45.0% | 0.49% | +0.16 |
| AGG iShares Core U.S. Aggregate | Add +45.2% | 0.48% | +0.15 |
| FICO Fair Isaac Corp. | Add +77.4% | 0.27% | +0.14 |
| GCC Wisdomtree Enhanced Commodit | Add +25.0% | 0.84% | +0.14 |
| MCO Moody's Corp. | Add +26.9% | 0.52% | +0.13 |
| PEP Pepsico Inc. | Add +7.3% | 0.52% | +0.13 |
| AMZN Amazon.com Inc. | Add +6.8% | 1.47% | +0.13 |
| WRB WR Berkley Corp. | Add +60.4% | 0.30% | +0.12 |
| FLQM Franklin U.S. Mid Cap Multif | Add +20.1% | 0.60% | +0.11 |
| SNA Snap-on Inc. | Add +105.0% | 0.21% | +0.11 |
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 |