Empirical Asset Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Empirical Asset Management, LLC reported 301 stock positions worth $293.4 million. Its top holding was Apple (AAPL) at 5.9% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 2.7%) and Abrdn Physical Gold Shares (SGOL, 2.0%). Compared with Q4 2024, it opened 32 new positions, sold out of 176, added to 107 and reduced 145. The biggest buy was Abrdn Physical Gold Shares (SGOL, shares +6%) and the biggest sale Apple (AAPL, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- WELLESLEY, MA
- CIK
- 0001926596
- Portfolio Value
- $293.4M (Q1 2025)
- SEC Filing
- 0001951757-25-000538 ↗ filed May 12, 2025
Holdings Value
Holdings 301 stocks · $293.4M
| AAPL Apple Inc. | 5.92% | 78,156 | $17.4M | Reduce -87.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.74% | 14,375 | $8.0M | Add +7.2% |
| SGOL Abrdn Physical Gold Shares | 1.98% | 194,859 | $5.8M | Add +5.7% |
| NVDA Nvidia Corp. | 1.85% | 50,186 | $5.4M | Reduce -93.3% |
| MSFT Microsoft Corp. | 1.85% | 14,431 | $5.4M | Reduce -96.7% |
| IYW iShares Ustechnology ETF | 1.79% | 37,309 | $5.2M | Add +1.8% |
| HD Home Depot Inc. | 1.54% | 12,332 | $4.5M | Reduce -83.0% |
| UTWO F/M US Treasury 2 Year Note | 1.48% | 89,375 | $4.3M | Add +13.2% |
| META Meta Platforms Inc. Class A | 1.43% | 7,264 | $4.2M | Reduce -96.4% |
| AMZN Amazon.com Inc. | 1.43% | 22,002 | $4.2M | Reduce -92.0% |
| UTEN F/M US Treasury 10 Year Note | 1.40% | 93,763 | $4.1M | Add +16.6% |
| JPM JPMorgan Chase & Co. | 1.17% | 13,966 | $3.4M | Reduce -93.4% |
| TPL Texas Pacific Land Corp. | 1.09% | 2,413 | $3.2M | Add +0.2% |
| GLD SPDR Gold Shares | 0.97% | 9,841 | $2.8M | Reduce -36.9% |
| SLV iShares Silver Trust | 0.96% | 90,464 | $2.8M | Add +8.6% |
| GOOG Alphabet Inc. Class C | 0.95% | 17,817 | $2.8M | Reduce -87.5% |
| GCC Wisdomtree Enhanced Commodit | 0.92% | 137,183 | $2.7M | Add +7.9% |
| RSPT Invesco S&P 500 Equal Weight | 0.87% | 75,040 | $2.6M | No change |
| ETF SER SOLUTIONS | 0.86% | 101,285 | $2.5M | Add +14.2% |
| GSG iShares S&P Gsci Commodity I | 0.86% | 110,384 | $2.5M | Add +9.4% |
| IVV iShares Core S&P 500 ETF | 0.86% | 4,470 | $2.5M | Add +0.9% |
| PG The Procter & Gamble Co. | 0.83% | 14,308 | $2.4M | Reduce -83.8% |
| PPTY US Diversified Real Estate E | 0.80% | 74,347 | $2.3M | Add +7.7% |
| XOM Exxon Mobil Corp. | 0.79% | 19,605 | $2.3M | Reduce -55.3% |
| IGOV iShares International Treasu | 0.79% | 59,110 | $2.3M | Add +13.5% |
| JOET Virtus Terranova US Qual Mom | 0.78% | 62,778 | $2.3M | Add +2.1% |
| QLC NT US Qual LC ETF | 0.77% | 35,574 | $2.3M | Add +2.4% |
| RECS Columbia Resear Enh Cor ETF | 0.77% | 68,189 | $2.3M | Add +2.5% |
| IYH iShares U.S. Healthcare ETF | 0.77% | 37,025 | $2.3M | Reduce -2.4% |
| MCD McDonald's Corp. | 0.73% | 6,874 | $2.1M | Reduce -81.8% |
| WTMF Wisdomtree MGD Futures Strat | 0.68% | 58,542 | $2.0M | Add +15.8% |
| IWF iShares Russell 1000 Growth | 0.66% | 5,366 | $1.9M | Add +1.3% |
| CVX Chevron Corp. | 0.66% | 11,493 | $1.9M | Reduce -91.0% |
| WMT Walmart Inc. | 0.61% | 20,341 | $1.8M | Reduce -22.3% |
| IBB iShares Biotechnology ETF | 0.59% | 13,575 | $1.7M | Reduce -1.1% |
| AGG iShares Core U.S. Aggregate | 0.57% | 16,890 | $1.7M | Add +7.8% |
| SUN Sunoco LP | 0.56% | 28,505 | $1.7M | Reduce -0.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.55% | 21,423 | $1.6M | Reduce -84.2% |
| PAYX Paychex Inc. | 0.55% | 10,443 | $1.6M | Reduce -30.9% |
| ADP Automatic Data Processing | 0.54% | 5,173 | $1.6M | Reduce -83.8% |
| FNX First Trust Mid Cap Core Alp | 0.54% | 14,501 | $1.6M | Add +2.3% |
| IVE iShares S&P 500 Value ETF | 0.54% | 8,275 | $1.6M | Add +11.6% |
| FLQM Franklin U.S. Mid Cap Multif | 0.53% | 29,442 | $1.6M | Add +2.3% |
| IWM iShares Russell 2000 ETF | 0.53% | 7,762 | $1.5M | Reduce -8.7% |
| SCHZ Schwab US Aggregate Bond ETF | 0.53% | 66,719 | $1.5M | Add +11.7% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.52% | 35,556 | $1.5M | Add +1.8% |
| GRMN Garmin Ltd. | 0.52% | 6,980 | $1.5M | Reduce -3.9% |
| QVMM Invesco S&P Midcap 400 QVM M | 0.51% | 55,613 | $1.5M | Add +2.6% |
| V Visa Inc. Class A | 0.50% | 4,157 | $1.5M | Reduce -96.3% |
| VGLT Vanguard Long-Term Treasury | 0.49% | 25,130 | $1.4M | Add +10.1% |
| IGV iShares Expanded Tech-Softwa | 0.49% | 16,019 | $1.4M | Add +0.1% |
| GS Goldman Sachs Group Inc. | 0.48% | 2,597 | $1.4M | Reduce -94.2% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.48% | 5,485 | $1.4M | Add +338.1% |
| CSCO Cisco Systems Inc. | 0.44% | 20,750 | $1.3M | Reduce -55.2% |
| LLY Eli Lilly & Co. | 0.43% | 1,515 | $1.3M | Reduce -98.8% |
| IWR iShares Russell Mid-Cap ETF | 0.42% | 14,534 | $1.2M | Reduce -2.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.41% | 18,841 | $1.2M | Reduce -50.5% |
| IYJ iShares U.S. Industrials ETF | 0.41% | 9,162 | $1.2M | Reduce -2.3% |
| RWL Invesco S&P 500 Revenue ETF | 0.41% | 11,965 | $1.2M | No change |
| NFLX Netflix Inc. | 0.40% | 1,274 | $1.2M | Reduce -98.6% |
| LVHI Franklin International Low V | 0.40% | 36,687 | $1.2M | Add +2.3% |
| GSWO Goldman Sachs Activebeta Wor | 0.40% | 22,976 | $1.2M | Add +2.1% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.40% | 37,464 | $1.2M | Add +0.8% |
| SMLF iShares US Smallcap Equity F | 0.40% | 18,687 | $1.2M | Add +0.6% |
| FLQS Franklin U.S. Small Cap Mult | 0.39% | 29,362 | $1.2M | Add +1.1% |
| QWLD State Street SPDR MSCI World | 0.39% | 8,980 | $1.1M | Add +2.2% |
| DGRS Wisdomtree U.S. Smallcap Qua | 0.39% | 24,561 | $1.1M | Add +2.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.38% | 2,376 | $1.1M | Reduce -98.8% |
| GOOGL Alphabet Inc. Class A | 0.38% | 7,194 | $1.1M | Reduce -94.6% |
| MA Mastercard Inc. Class A | 0.37% | 1,965 | $1.1M | Reduce -93.6% |
| CVNA Carvana Co. | 0.36% | 5,109 | $1.1M | Add +0.2% |
| IJH iShares Core S&P Midcap ETF | 0.36% | 18,050 | $1.1M | Reduce -96.0% |
| FLSP Franklin Systematic Style PR | 0.35% | 41,995 | $1.0M | Add +9.7% |
| AGOX Adaptive Alpha Opportunities | 0.35% | 42,064 | $1.0M | Add +0.7% |
| FTNT Fortinet Inc. | 0.34% | 10,407 | $1.0M | Reduce -47.3% |
| IVW iShares S&P 500 Growth ETF | 0.34% | 10,666 | $990K | Add +11.1% |
| MMM 3M Co. | 0.33% | 6,618 | $972K | Reduce -8.3% |
| WFC Wells Fargo & Co. | 0.33% | 13,439 | $965K | Reduce -78.5% |
| TSLA Tesla Inc. | 0.33% | 3,704 | $960K | Reduce -93.6% |
| QUAL iShares MSCI USA Quality Fac | 0.33% | 5,612 | $959K | Add +20.9% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.33% | 20,738 | $956K | Add +18.3% |
| ARM Arm Holdings PLC-ADR | 0.32% | 8,825 | $942K | Add +3.5% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.32% | 13,153 | $936K | Reduce -10.1% |
| PEP Pepsico Inc. | 0.32% | 6,222 | $933K | Reduce -82.2% |
| RSPH Invesco S&P 500 Equal Weight | 0.31% | 30,880 | $919K | Reduce -3.2% |
| KLAC KLA Corp. | 0.31% | 1,349 | $917K | Add +217.4% |
| ANET Arista Networks Inc. | 0.31% | 11,705 | $907K | Reduce -58.2% |
| MRK Merck & Co. Inc. | 0.30% | 9,948 | $893K | Reduce -92.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.30% | 1,662 | $885K | Reduce -98.0% |
| TRV The Travelers Cos Inc. | 0.30% | 3,340 | $883K | Reduce -79.2% |
| IGM iShares Expanded Tech Sector | 0.30% | 9,731 | $882K | Reduce -76.5% |
| CRM Salesforce Inc. | 0.30% | 3,265 | $876K | Reduce -92.2% |
| JNJ Johnson & Johnson | 0.30% | 5,282 | $876K | Reduce -94.2% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.29% | 10,777 | $851K | Reduce -7.1% |
| SYK Stryker Corp. | 0.29% | 2,272 | $846K | Reduce -95.6% |
| QCOM Qualcomm Inc. | 0.28% | 5,344 | $821K | Reduce -71.1% |
| GILD Gilead Sciences Inc. | 0.28% | 7,288 | $817K | Add +3.4% |
| CPRT Copart Inc. | 0.28% | 14,399 | $815K | Add +7.9% |
| NJR New Jersey Resources Corp. | 0.28% | 16,564 | $813K | Add +0.8% |
| AXP American Express Co. | 0.28% | 3,010 | $810K | Reduce -83.3% |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -87.2% | 5.92% | −0.68 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.42 |
| HIG Hartford Insurance Group Inc. | Sold out | 0.00% | −0.41 |
| NVDA Nvidia Corp. | Reduce -93.3% | 1.85% | −0.40 |
| META Meta Platforms Inc. Class A | Reduce -96.4% | 1.43% | −0.34 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.33 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.32 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.31 |
| LYV Live Nation Entertainment Inc. | Sold out | 0.00% | −0.31 |
| AIZ Assurant Inc. | Sold out | 0.00% | −0.29 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −0.28 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −0.28 |
| ANET Arista Networks Inc. | Reduce -58.2% | 0.31% | −0.25 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.22 |
| DECK Deckers Outdoor Corp. | Reduce -42.3% | 0.25% | −0.21 |
| IJH iShares Core S&P Midcap ETF | Reduce -96.0% | 0.36% | −0.18 |
| FTNT Fortinet Inc. | Reduce -47.3% | 0.34% | −0.18 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.18 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.17 |
| CF CF Industries Holdings Inc. | Sold out | 0.00% | −0.14 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.14 |
| ROL Rollins Inc. | Sold out | 0.00% | −0.14 |
| IJR iShares Core S&P Small-Cap E | Reduce -97.7% | 0.24% | −0.13 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.13 |
| COST Costco Wholesale Corp. | Reduce -96.3% | 0.26% | −0.13 |
| QCOM Qualcomm Inc. | Reduce -71.1% | 0.28% | −0.13 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −0.12 |
| TSLA Tesla Inc. | Reduce -93.6% | 0.33% | −0.12 |
| EOG EOG Resources Inc. | Reduce -78.8% | 0.08% | −0.12 |
| AMP Ameriprise Financial Inc. | Reduce -81.3% | 0.26% | −0.12 |
| AMG Affiliated Managers Group | Sold out | 0.00% | −0.12 |
| KKR KKR & Co. Inc. | Reduce -70.6% | 0.19% | −0.11 |
| IUSG iShares Core S&P U.S. Growth | Reduce -98.0% | 0.26% | −0.11 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.11 |
| BGC BGC Group Inc. Class A | Sold out | 0.00% | −0.11 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.11 |
| NOW ServiceNow Inc. | Reduce -99.8% | 0.10% | −0.10 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -99.0% | 0.11% | −0.10 |
| ITB iShares U.S. Home Constructi | Sold out | 0.00% | −0.10 |
| IWM iShares Russell 2000 ETF | Reduce -8.7% | 0.53% | −0.09 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.09 |
| AVPT Avepoint Inc. | Sold out | 0.00% | −0.09 |
| WSM Williams-Sonoma Inc. | Sold out | 0.00% | −0.09 |
| USLM United States Lime & Mineral | Sold out | 0.00% | −0.08 |
| CNX CNX Resources Corp. | Sold out | 0.00% | −0.08 |
| JNK SS SPDR BB High Yield Bond | Sold out | 0.00% | −0.08 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.08 |
| SCHB Schwab US Broad Market ETF | Sold out | 0.00% | −0.08 |
| SLRC SLR Investment Corp. | Sold out | 0.00% | −0.08 |
| ALNY Alnylam Pharmaceuticals Inc. | Sold out | 0.00% | −0.08 |
Portfolio Buys Q4 2024 → Q1 2025
| SGOL Abrdn Physical Gold Shares | Add +5.7% | 1.98% | +0.45 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +338.1% | 0.48% | +0.37 |
| MET Metlife Inc. | New | 0.27% | +0.27 |
| UTEN F/M US Treasury 10 Year Note | Add +16.6% | 1.40% | +0.27 |
| PODD Insulet Corp. | New | 0.24% | +0.24 |
| SYF Synchrony Financial | New | 0.23% | +0.23 |
| SLV iShares Silver Trust | Add +8.6% | 0.96% | +0.23 |
| KLAC KLA Corp. | Add +217.4% | 0.31% | +0.22 |
| UTWO F/M US Treasury 2 Year Note | Add +13.2% | 1.48% | +0.22 |
| RJF Raymond James Financial Inc. | New | 0.22% | +0.22 |
| TPL Texas Pacific Land Corp. | Add +0.2% | 1.09% | +0.21 |
| PGR Progressive Corp. | New | 0.19% | +0.19 |
| JKHY Jack Henry & Associates Inc. | New | 0.19% | +0.19 |
| RL Ralph Lauren Corp. | New | 0.17% | +0.17 |
| CHRW C.H. Robinson Worldwide Inc. | New | 0.17% | +0.17 |
| POOL Pool Corp. | New | 0.16% | +0.16 |
| BALL Ball Corp. | New | 0.16% | +0.16 |
| HIMU iShares High Yild Muni A ETF | New | 0.16% | +0.16 |
| AOS Smith (a.o.) Corp. | New | 0.16% | +0.16 |
| TROW T Rowe Price Group Inc. | New | 0.16% | +0.16 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +7.2% | 2.74% | +0.14 |
| FFIV F5 Inc. | New | 0.13% | +0.13 |
| IGOV iShares International Treasu | Add +13.5% | 0.79% | +0.13 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.13% | +0.13 |
| GSG iShares S&P Gsci Commodity I | Add +9.4% | 0.86% | +0.13 |
| GCC Wisdomtree Enhanced Commodit | Add +7.9% | 0.92% | +0.12 |
| ETF SER SOLUTIONS | Add +14.2% | 0.86% | +0.12 |
| IWO iShares Russell 2000 Growth | New | 0.12% | +0.12 |
| VRSN Verisign Inc. | Add +96.3% | 0.20% | +0.12 |
| GOVI Invesco Equal Weight 0-30 YR | New | 0.11% | +0.11 |
| AGGY Wisdomtree Yield Enhanced US | Add +105.7% | 0.21% | +0.11 |
| MTGP Wisdomtree Mtge Plus Bond | New | 0.11% | +0.11 |
| LNTH Lantheus Holdings Inc. | Add +52.5% | 0.18% | +0.11 |
| GTO Invesco Total Return Bond Et | New | 0.10% | +0.10 |
| LOPE Grand Canyon Education Inc. | Add +108.8% | 0.17% | +0.10 |
| WTMF Wisdomtree MGD Futures Strat | Add +15.8% | 0.68% | +0.10 |
| T AT&T Inc. | New | 0.09% | +0.09 |
| EW Edwards Lifesciences Corp. | Add +109.5% | 0.18% | +0.09 |
| GGG Graco Inc. | Add +35.7% | 0.17% | +0.09 |
| MSCI MSCI Inc. | Add +105.8% | 0.18% | +0.09 |
| EOS Eaton Vance Enh Eqt Inc. II | New | 0.09% | +0.09 |
| XLG Invesco S&P 500 Top 50 ETF | New | 0.09% | +0.09 |
| GE General Electric | Add +25.1% | 0.26% | +0.09 |
| BMY Bristol-Myers Squibb Co. | New | 0.09% | +0.09 |
| MTCH Match Group Inc. | Add +114.3% | 0.17% | +0.09 |
| OLED Universal Display Corp. | Add +32.7% | 0.17% | +0.09 |
| WEX Wex Inc. | Add +36.6% | 0.17% | +0.09 |
| ZM Zoom Communications Inc. | Add +132.1% | 0.16% | +0.09 |
| NVR NVR Inc. | New | 0.08% | +0.08 |
| DBX Dropbox Inc. Class A | Add +130.2% | 0.16% | +0.08 |
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 |