Empirical Asset Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Empirical Asset Management, LLC reported 313 stock positions worth $323.4 million. Its top holding was Apple (AAPL) at 4.9% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 3.1%) and Nvidia (NVDA, 2.2%). Compared with Q1 2025, it opened 32 new positions, sold out of 20, added to 167 and reduced 77. The biggest buy was a new position in Seagate Technology (STX) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- WELLESLEY, MA
- CIK
- 0001926596
- Portfolio Value
- $323.4M (Q2 2025)
- SEC Filing
- 0001951757-25-000983 ↗ filed Jul 29, 2025
Holdings Value
Holdings 313 stocks · $323.4M
| AAPL Apple Inc. | 4.91% | 77,411 | $15.9M | Reduce -0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.08% | 16,130 | $10.0M | Add +12.2% |
| NVDA Nvidia Corp. | 2.19% | 44,773 | $7.1M | Reduce -10.8% |
| MSFT Microsoft Corp. | 2.02% | 13,167 | $6.5M | Reduce -8.8% |
| IYW iShares Ustechnology ETF | 1.99% | 37,154 | $6.4M | Reduce -0.4% |
| SGOL Abrdn Physical Gold Shares | 1.92% | 197,065 | $6.2M | Add +1.1% |
| META Meta Platforms Inc. Class A | 1.67% | 7,338 | $5.4M | Add +1.0% |
| UTWO F/M US Treasury 2 Year Note | 1.39% | 92,846 | $4.5M | Add +3.9% |
| HD Home Depot Inc. | 1.37% | 12,098 | $4.4M | Reduce -1.9% |
| UTEN F/M US Treasury 10 Year Note | 1.33% | 98,073 | $4.3M | Add +4.6% |
| JPM JPMorgan Chase & Co. | 1.26% | 14,018 | $4.1M | Add +0.4% |
| AMZN Amazon.com Inc. | 1.25% | 18,361 | $4.0M | Reduce -16.6% |
| GLD SPDR Gold Shares | 0.96% | 10,207 | $3.1M | Add +3.7% |
| RSPT Invesco S&P 500 Equal Weight | 0.95% | 75,040 | $3.1M | No change |
| SLV iShares Silver Trust | 0.95% | 93,230 | $3.1M | Add +3.1% |
| GCC Wisdomtree Enhanced Commodit | 0.85% | 137,848 | $2.7M | Add +0.5% |
| IVV iShares Core S&P 500 ETF | 0.84% | 4,391 | $2.7M | Reduce -1.8% |
| ETF SER SOLUTIONS | 0.82% | 106,132 | $2.6M | Add +4.8% |
| IGOV iShares International Treasu | 0.81% | 60,644 | $2.6M | Add +2.6% |
| JOET Virtus Terranova US Qual Mom | 0.80% | 63,496 | $2.6M | Add +1.1% |
| QLC NT US Qual LC ETF | 0.79% | 36,066 | $2.6M | Add +1.4% |
| TPL Texas Pacific Land Corp. | 0.79% | 2,414 | $2.6M | Add +0.0% |
| RECS Columbia Resear Enh Cor ETF | 0.79% | 69,125 | $2.5M | Add +1.4% |
| GSG iShares S&P Gsci Commodity I | 0.78% | 114,908 | $2.5M | Add +4.1% |
| GOOG Alphabet Inc. Class C | 0.76% | 13,942 | $2.5M | Reduce -21.8% |
| PPTY US Diversified Real Estate E | 0.72% | 76,899 | $2.3M | Add +3.4% |
| IWF iShares Russell 1000 Growth | 0.70% | 5,366 | $2.3M | No change |
| PG The Procter & Gamble Co. | 0.70% | 14,262 | $2.3M | Reduce -0.3% |
| XOM Exxon Mobil Corp. | 0.70% | 20,876 | $2.3M | Add +6.5% |
| WTMF Wisdomtree MGD Futures Strat | 0.65% | 59,627 | $2.1M | Add +1.9% |
| KLAC KLA Corp. | 0.65% | 2,340 | $2.1M | Add +73.5% |
| GS Goldman Sachs Group Inc. | 0.63% | 2,891 | $2.0M | Add +11.3% |
| IYH iShares U.S. Healthcare ETF | 0.63% | 36,145 | $2.0M | Reduce -2.4% |
| MCD McDonald's Corp. | 0.62% | 6,891 | $2.0M | Add +0.3% |
| WMT Walmart Inc. | 0.62% | 20,472 | $2.0M | Add +0.6% |
| IWM iShares Russell 2000 ETF | 0.59% | 8,819 | $1.9M | Add +13.6% |
| NFLX Netflix Inc. | 0.57% | 1,368 | $1.8M | Add +7.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.55% | 21,454 | $1.8M | Add +0.1% |
| IGV iShares Expanded Tech-Softwa | 0.54% | 16,030 | $1.8M | Add +0.1% |
| CVNA Carvana Co. | 0.53% | 5,109 | $1.7M | No change |
| AGG iShares Core U.S. Aggregate | 0.53% | 17,217 | $1.7M | Add +1.9% |
| FNX First Trust Mid Cap Core Alp | 0.52% | 14,716 | $1.7M | Add +1.5% |
| IVE iShares S&P 500 Value ETF | 0.51% | 8,499 | $1.7M | Add +2.7% |
| CVX Chevron Corp. | 0.51% | 11,521 | $1.6M | Add +0.2% |
| IBB iShares Biotechnology ETF | 0.51% | 13,039 | $1.6M | Reduce -4.0% |
| V Visa Inc. Class A | 0.50% | 4,580 | $1.6M | Add +10.2% |
| QVMM Invesco S&P Midcap 400 QVM M | 0.50% | 56,526 | $1.6M | Add +1.6% |
| FLQM Franklin U.S. Mid Cap Multif | 0.50% | 29,809 | $1.6M | Add +1.3% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.49% | 36,467 | $1.6M | Add +2.6% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.48% | 5,485 | $1.6M | No change |
| SUN Sunoco LP | 0.47% | 28,505 | $1.5M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.46% | 2,696 | $1.5M | Add +13.5% |
| STX Seagate Technology Holdings | 0.46% | 10,298 | $1.5M | New |
| ADP Automatic Data Processing | 0.46% | 4,797 | $1.5M | Reduce -7.3% |
| VGLT Vanguard Long-Term Treasury | 0.45% | 26,135 | $1.5M | Add +4.0% |
| ARM Arm Holdings PLC-ADR | 0.44% | 8,825 | $1.4M | No change |
| ORCL Oracle Corp. | 0.42% | 6,193 | $1.4M | Add +26.8% |
| SCHZ Schwab US Aggregate Bond ETF | 0.42% | 57,829 | $1.3M | Reduce -13.3% |
| IWR iShares Russell Mid-Cap ETF | 0.41% | 14,540 | $1.3M | Add +0.0% |
| IYJ iShares U.S. Industrials ETF | 0.41% | 9,218 | $1.3M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 0.40% | 7,320 | $1.3M | Add +1.8% |
| SMLF iShares US Smallcap Equity F | 0.40% | 18,885 | $1.3M | Add +1.1% |
| GSWO Goldman Sachs Activebeta Wor | 0.39% | 23,186 | $1.3M | Add +0.9% |
| MA Mastercard Inc. Class A | 0.39% | 2,258 | $1.3M | Add +14.9% |
| AGOX Adaptive Alpha Opportunities | 0.39% | 42,315 | $1.3M | Add +0.6% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.38% | 38,318 | $1.2M | Add +2.3% |
| QWLD State Street SPDR MSCI World | 0.38% | 9,125 | $1.2M | Add +1.6% |
| RWL Invesco S&P 500 Revenue ETF | 0.38% | 11,795 | $1.2M | Reduce -1.4% |
| CSCO Cisco Systems Inc. | 0.38% | 17,679 | $1.2M | Reduce -14.8% |
| FLQS Franklin U.S. Small Cap Mult | 0.38% | 29,587 | $1.2M | Add +0.8% |
| TSLA Tesla Inc. | 0.37% | 3,815 | $1.2M | Add +3.0% |
| LVHI Franklin International Low V | 0.37% | 37,224 | $1.2M | Add +1.5% |
| AMGN Amgen Inc. | 0.37% | 4,273 | $1.2M | Add +288.1% |
| LLY Eli Lilly & Co. | 0.36% | 1,513 | $1.2M | Reduce -0.1% |
| IVW iShares S&P 500 Growth ETF | 0.36% | 10,695 | $1.2M | Add +0.3% |
| ERIE Erie Indemnity Company Class A | 0.36% | 3,328 | $1.2M | New |
| DGRS Wisdomtree U.S. Smallcap Qua | 0.36% | 24,704 | $1.1M | Add +0.6% |
| IJH iShares Core S&P Midcap ETF | 0.35% | 18,293 | $1.1M | Add +1.4% |
| QUAL iShares MSCI USA Quality Fac | 0.34% | 6,046 | $1.1M | Add +7.7% |
| IGM iShares Expanded Tech Sector | 0.34% | 9,731 | $1.1M | No change |
| WFC Wells Fargo & Co. | 0.34% | 13,543 | $1.1M | Add +0.8% |
| FLSP Franklin Systematic Style PR | 0.33% | 44,670 | $1.1M | Add +6.4% |
| NTRS Northern Trust Corp. | 0.33% | 8,321 | $1.1M | Add +18.4% |
| FTNT Fortinet Inc. | 0.32% | 9,750 | $1.0M | Reduce -6.3% |
| GILD Gilead Sciences Inc. | 0.31% | 9,170 | $1.0M | Add +25.8% |
| MMM 3M Co. | 0.31% | 6,675 | $1.0M | Add +0.9% |
| PAYX Paychex Inc. | 0.31% | 6,801 | $989K | Reduce -34.9% |
| GE General Electric filed as GE AEROSPACE | 0.30% | 3,761 | $968K | Add +0.1% |
| AMP Ameriprise Financial Inc. | 0.30% | 1,813 | $967K | Add +17.0% |
| ADBE Adobe Inc. | 0.29% | 2,453 | $949K | Add +26.5% |
| SYK Stryker Corp. | 0.29% | 2,372 | $939K | Add +4.4% |
| MCO Moody's Corp. | 0.29% | 1,866 | $936K | Add +13.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.29% | 19,764 | $935K | Add +2.0% |
| MRK Merck & Co. Inc. | 0.29% | 11,805 | $934K | Add +18.7% |
| TRV The Travelers Cos Inc. | 0.28% | 3,386 | $906K | Add +1.4% |
| PODD Insulet Corp. | 0.28% | 2,875 | $903K | Add +6.3% |
| MNST Monster Beverage Corp. | 0.28% | 14,306 | $896K | Add +34.5% |
| VRSN Verisign Inc. | 0.28% | 3,086 | $891K | Add +33.5% |
| IUSG iShares Core S&P U.S. Growth | 0.27% | 5,893 | $886K | Reduce -0.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.27% | 2,003 | $878K | Reduce -1.0% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -0.9% | 4.91% | −1.01 |
| GRMN Garmin Ltd. | Reduce -57.3% | 0.19% | −0.32 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.31 |
| AXP American Express Co. | Sold out | 0.00% | −0.28 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.27 |
| MET Metlife Inc. | Sold out | 0.00% | −0.27 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.25 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.25 |
| PAYX Paychex Inc. | Reduce -34.9% | 0.31% | −0.24 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.24 |
| SYF Synchrony Financial | Sold out | 0.00% | −0.23 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.19 |
| JKHY Jack Henry & Associates Inc. | Sold out | 0.00% | −0.19 |
| GOOG Alphabet Inc. Class C | Reduce -21.8% | 0.76% | −0.18 |
| CRM Salesforce Inc. | Reduce -57.8% | 0.12% | −0.18 |
| AMZN Amazon.com Inc. | Reduce -16.6% | 1.25% | −0.18 |
| RL Ralph Lauren Corp. | Sold out | 0.00% | −0.17 |
| HD Home Depot Inc. | Reduce -1.9% | 1.37% | −0.17 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.17 |
| BALL Ball Corp. | Sold out | 0.00% | −0.16 |
| AOS Smith (a.o.) Corp. | Sold out | 0.00% | −0.16 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -36.1% | 0.26% | −0.15 |
| IYH iShares U.S. Healthcare ETF | Reduce -2.4% | 0.63% | −0.14 |
| PG The Procter & Gamble Co. | Reduce -0.3% | 0.70% | −0.13 |
| DIS The Walt Disney Co. | Reduce -63.0% | 0.08% | −0.12 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -13.3% | 0.42% | −0.11 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -24.2% | 0.22% | −0.10 |
| CPRT Copart Inc. | Reduce -16.6% | 0.18% | −0.10 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.09 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.09 |
| COKE Coca-Cola Consolidated Inc. | Sold out | 0.00% | −0.08 |
| IBB iShares Biotechnology ETF | Reduce -4.0% | 0.51% | −0.08 |
| ADP Automatic Data Processing | Reduce -7.3% | 0.46% | −0.08 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.08 |
| MAR Marriott International Class A | Sold out | 0.00% | −0.07 |
| FFIV F5 Inc. | Reduce -51.8% | 0.06% | −0.07 |
| PEP Pepsico Inc. | Reduce -1.2% | 0.25% | −0.07 |
| ABT Abbott Laboratories | Reduce -28.0% | 0.13% | −0.07 |
| LLY Eli Lilly & Co. | Reduce -0.1% | 0.36% | −0.06 |
| CSCO Cisco Systems Inc. | Reduce -14.8% | 0.38% | −0.06 |
| WRB WR Berkley Corp. | Reduce -12.3% | 0.26% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.5% | 0.25% | −0.06 |
| ABBV Abbvie Inc. | Reduce -1.2% | 0.19% | −0.05 |
| RSPH Invesco S&P 500 Equal Weight | Reduce -3.6% | 0.27% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -8.5% | 0.24% | −0.04 |
| NOW ServiceNow Inc. | Reduce -43.7% | 0.07% | −0.04 |
| IYE iShares U.S. Energy ETF | Reduce -3.5% | 0.14% | −0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -1.7% | 0.26% | −0.03 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -2.4% | 0.21% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -0.1% | 0.17% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| STX Seagate Technology Holdings | New | 0.46% | +0.46 |
| ERIE Erie Indemnity Company Class A | New | 0.36% | +0.36 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +12.2% | 3.08% | +0.34 |
| KLAC KLA Corp. | Add +73.5% | 0.65% | +0.34 |
| ISRG Intuitive Surgical Inc. | New | 0.27% | +0.27 |
| CB Chubb Ltd. | New | 0.27% | +0.27 |
| CINF Cincinnati Financial Corp. | New | 0.25% | +0.25 |
| AMGN Amgen Inc. | Add +288.1% | 0.37% | +0.25 |
| META Meta Platforms Inc. Class A | Add +1.0% | 1.67% | +0.25 |
| AON Aon PLC Class A | New | 0.24% | +0.24 |
| AJG Arthur J Gallagher & Co. | New | 0.23% | +0.23 |
| DELL Dell Technologies -C | New | 0.21% | +0.21 |
| ORCL Oracle Corp. | Add +26.8% | 0.42% | +0.19 |
| XTEN Bondbloxx BBG 10Y US TSY ETF | New | 0.19% | +0.19 |
| WSM Williams-Sonoma Inc. | New | 0.18% | +0.18 |
| EXPD Expeditors Intl Wash Inc. | New | 0.18% | +0.18 |
| HUBB Hubbell Inc. | New | 0.18% | +0.18 |
| CF CF Industries Holdings Inc. | New | 0.18% | +0.18 |
| NFLX Netflix Inc. | Add +7.4% | 0.57% | +0.16 |
| GS Goldman Sachs Group Inc. | Add +11.3% | 0.63% | +0.15 |
| SBUX Starbucks Corp. | Add +220.1% | 0.22% | +0.14 |
| QGRW Wisdomtree US Quality Growth | New | 0.12% | +0.12 |
| ACN Accenture PLC Class A | New | 0.10% | +0.10 |
| IAGG iShares Intl Aggregate Bond | New | 0.10% | +0.10 |
| AMAT Applied Materials Inc. | New | 0.09% | +0.09 |
| NTRS Northern Trust Corp. | Add +18.4% | 0.33% | +0.09 |
| JPM JPMorgan Chase & Co. | Add +0.4% | 1.26% | +0.09 |
| PYPL PayPal Holdings Inc. | New | 0.08% | +0.08 |
| GEV GE Vernova Inc. | Add +0.1% | 0.22% | +0.08 |
| QQQ Invesco QQQ Trust Series 1 | Add +13.5% | 0.46% | +0.08 |
| INOD Innodata Inc. | New | 0.08% | +0.08 |
| UBER Uber Technologies Inc. | New | 0.08% | +0.08 |
| VRSN Verisign Inc. | Add +33.5% | 0.28% | +0.08 |
| IBM Intl Business Machines Corp. | Add +78.4% | 0.15% | +0.07 |
| DBX Dropbox Inc. Class A | Add +47.9% | 0.23% | +0.07 |
| AVGO Broadcom Inc. | Add +0.9% | 0.21% | +0.07 |
| JGRO JPMorgan Active Growth ETF | New | 0.07% | +0.07 |
| IMFL Invesco Int DVLP DYN Multi | New | 0.07% | +0.07 |
| EMB iShares JP Morgan Usd Emergi | New | 0.07% | +0.07 |
| SCHB Schwab US Broad Market ETF | New | 0.07% | +0.07 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.07% | +0.07 |
| JNK SS SPDR BB High Yield Bond | New | 0.07% | +0.07 |
| MNST Monster Beverage Corp. | Add +34.5% | 0.28% | +0.06 |
| BMI Badger Meter Inc. | Add +21.0% | 0.22% | +0.06 |
| PM Philip Morris International | New | 0.06% | +0.06 |
| VIGI Vanguard Int Div App Indx FD | New | 0.06% | +0.06 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | New | 0.06% | +0.06 |
| BKE The Buckle Inc. | Add +32.0% | 0.21% | +0.06 |
| FTA First Trust L C Val Alp | New | 0.06% | +0.06 |
| VRIG Invesco Variable Rate Invest | New | 0.06% | +0.06 |
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 |