Empirical Asset Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Empirical Asset Management, LLC reported 368 stock positions worth $360.1 million. Its top holding was Apple (AAPL) at 5.1% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 3.1%) and Nvidia (NVDA, 2.4%). Compared with Q2 2025, it opened 89 new positions, sold out of 34, added to 176 and reduced 77. The biggest buy was a new position in Uscf Summerhaven Dynamic ETF (SDCI) and the biggest sale F/M US Treasury 2 Year Note (UTWO, shares −69%).
- Most Recent 13F
- Q2 2026
- Location
- WELLESLEY, MA
- CIK
- 0001926596
- Portfolio Value
- $360.1M (Q3 2025)
- SEC Filing
- 0001951757-25-001374 ↗ filed Nov 12, 2025
Holdings Value
Holdings 368 stocks · $360.1M
| AAPL Apple Inc. | 5.08% | 93,681 | $18.3M | Add +21.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.11% | 16,808 | $11.2M | Add +4.2% |
| NVDA Nvidia Corp. | 2.36% | 62,900 | $8.5M | Add +40.5% |
| MSFT Microsoft Corp. | 2.05% | 61,216 | $7.4M | Add +364.9% |
| IYW iShares Ustechnology ETF | 1.98% | 36,343 | $7.1M | Reduce -2.2% |
| SGOL Abrdn Physical Gold Shares | 1.73% | 169,393 | $6.2M | Reduce -14.0% |
| META Meta Platforms Inc. Class A | 1.44% | 21,792 | $5.2M | Add +197.0% |
| HD Home Depot Inc. | 1.36% | 16,123 | $4.9M | Add +33.3% |
| AMZN Amazon.com Inc. | 1.34% | 47,501 | $4.8M | Add +158.7% |
| JPM JPMorgan Chase & Co. | 1.26% | 18,892 | $4.6M | Add +34.8% |
| SDCI Uscf Summerhaven Dynamic ETF | 1.03% | 160,810 | $3.7M | New |
| GLD SPDR Gold Shares | 1.02% | 36,404 | $3.7M | Add +256.7% |
| SLV iShares Silver Trust | 1.02% | 86,462 | $3.7M | Reduce -7.3% |
| GOOGL Alphabet Inc. Class A | 1.01% | 14,891 | $3.6M | Add +103.4% |
| RSPT Invesco S&P 500 Equal Weight | 0.91% | 73,240 | $3.3M | Reduce -2.4% |
| SHY iShares 1-3 Year Treasury Bo | 0.87% | 37,724 | $3.1M | Add +364.6% |
| IVV iShares Core S&P 500 ETF | 0.82% | 4,409 | $3.0M | Add +0.4% |
| ETF SER SOLUTIONS | 0.81% | 116,987 | $2.9M | Add +10.2% |
| IGOV iShares International Treasu | 0.76% | 63,981 | $2.7M | Add +5.5% |
| LLY Eli Lilly & Co. | 0.74% | 3,472 | $2.6M | Add +129.5% |
| GOOG Alphabet Inc. Class C | 0.73% | 18,836 | $2.6M | Add +35.1% |
| SCHR Schwab Intermediate-Term US | 0.73% | 104,229 | $2.6M | New |
| IWF iShares Russell 1000 Growth | 0.72% | 5,539 | $2.6M | Add +3.2% |
| AGG iShares Core U.S. Aggregate | 0.66% | 28,949 | $2.4M | Add +68.1% |
| XOM Exxon Mobil Corp. | 0.64% | 38,532 | $2.3M | Add +84.6% |
| PG The Procter & Gamble Co. | 0.62% | 38,062 | $2.2M | Add +166.9% |
| IWM iShares Russell 2000 ETF | 0.60% | 8,922 | $2.2M | Add +1.2% |
| WMT Walmart Inc. | 0.60% | 23,778 | $2.1M | Add +16.1% |
| IYH iShares U.S. Healthcare ETF | 0.59% | 35,965 | $2.1M | Reduce -0.5% |
| ANET Arista Networks Inc. | 0.58% | 14,391 | $2.1M | New |
| MCD McDonald's Corp. | 0.57% | 9,938 | $2.1M | Add +44.2% |
| TPL Texas Pacific Land Corp. | 0.56% | 2,164 | $2.0M | Reduce -10.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.53% | 21,720 | $1.9M | Add +1.2% |
| V Visa Inc. Class A | 0.52% | 15,787 | $1.9M | Add +244.7% |
| IGV iShares Expanded Tech-Softwa | 0.51% | 15,983 | $1.8M | Reduce -0.3% |
| CVX Chevron Corp. | 0.50% | 23,167 | $1.8M | Add +101.1% |
| GS Goldman Sachs Group Inc. | 0.50% | 5,121 | $1.8M | Add +77.1% |
| IBB iShares Biotechnology ETF | 0.50% | 12,449 | $1.8M | Reduce -4.5% |
| IVE iShares S&P 500 Value ETF | 0.49% | 8,619 | $1.8M | Add +1.4% |
| KLAC KLA Corp. | 0.48% | 10,305 | $1.7M | Add +340.4% |
| XLRE SS Real Estate Select Sector | 0.48% | 40,756 | $1.7M | New |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.47% | 11,746 | $1.7M | Add +114.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.47% | 39,928 | $1.7M | Add +1381.0% |
| TSLA Tesla Inc. | 0.47% | 3,782 | $1.7M | Reduce -0.9% |
| SMLF iShares US Smallcap Equity F | 0.46% | 22,499 | $1.7M | Add +19.1% |
| GRMN Garmin Ltd. | 0.45% | 6,635 | $1.6M | Add +122.4% |
| CTA Simplify Managed Futures St | 0.45% | 57,724 | $1.6M | New |
| TLT iShares 20+ Year Treasury BD | 0.44% | 17,704 | $1.6M | Add +208.6% |
| MPWR Monolithic Power Systems Inc. | 0.43% | 1,692 | $1.6M | New |
| CECO Ceco Environmental Corp. | 0.42% | 29,561 | $1.5M | Reduce -3.7% |
| ORCL Oracle Corp. | 0.41% | 7,006 | $1.5M | Add +13.1% |
| NJR New Jersey Resources Corp. | 0.40% | 30,246 | $1.5M | Add +80.9% |
| ADP Automatic Data Processing | 0.40% | 11,009 | $1.4M | Add +129.5% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.40% | 42,323 | $1.4M | Add +10.4% |
| SUN Sunoco LP | 0.39% | 28,405 | $1.4M | Reduce -0.3% |
| IWR iShares Russell Mid-Cap ETF | 0.39% | 14,635 | $1.4M | Add +0.7% |
| FTC First Trust Large Cap Growth | 0.39% | 8,751 | $1.4M | New |
| UTWO F/M US Treasury 2 Year Note | 0.39% | 28,657 | $1.4M | Reduce -69.1% |
| SCHZ Schwab US Aggregate Bond ETF | 0.39% | 59,104 | $1.4M | Add +2.2% |
| CSCO Cisco Systems Inc. | 0.38% | 57,739 | $1.4M | Add +226.6% |
| IYJ iShares U.S. Industrials ETF | 0.38% | 9,266 | $1.4M | Add +0.5% |
| UTEN F/M US Treasury 10 Year Note | 0.37% | 133,096 | $1.3M | Add +35.7% |
| QLC NT US Qual LC ETF | 0.37% | 17,187 | $1.3M | Reduce -52.4% |
| AGOX Adaptive Alpha Opportunities | 0.37% | 43,317 | $1.3M | Add +2.4% |
| RECS Columbia Resear Enh Cor ETF | 0.37% | 32,723 | $1.3M | Reduce -52.7% |
| RWL Invesco S&P 500 Revenue ETF | 0.36% | 11,795 | $1.3M | No change |
| ARM Arm Holdings PLC-ADR | 0.36% | 9,200 | $1.3M | Add +4.3% |
| JOET Virtus Terranova US Qual Mom | 0.36% | 30,079 | $1.3M | Reduce -52.6% |
| FTNT Fortinet Inc. | 0.34% | 14,624 | $1.2M | Add +50.0% |
| IGM iShares Expanded Tech Sector | 0.34% | 9,731 | $1.2M | No change |
| PWB Invesco Large Cap Growth ETF | 0.34% | 9,737 | $1.2M | New |
| COWG Pacer US LRG Cap Cows GR LD | 0.34% | 33,456 | $1.2M | New |
| IVW iShares S&P 500 Growth ETF | 0.34% | 10,019 | $1.2M | Reduce -6.3% |
| IJH iShares Core S&P Midcap ETF | 0.34% | 18,523 | $1.2M | Add +1.3% |
| GE General Electric filed as GE AEROSPACE | 0.33% | 16,121 | $1.2M | Add +328.6% |
| GCC Wisdomtree Enhanced Commodit | 0.33% | 55,016 | $1.2M | Reduce -60.1% |
| WTMF Wisdomtree MGD Futures Strat | 0.32% | 30,334 | $1.1M | Reduce -49.1% |
| WFC Wells Fargo & Co. | 0.32% | 13,538 | $1.1M | Reduce -0.0% |
| NFLX Netflix Inc. | 0.31% | 943 | $1.1M | Reduce -31.1% |
| MEDP Medpace Holdings Inc. | 0.31% | 2,189 | $1.1M | Add +9.8% |
| DBEM Xtrackers MSCI Emerging Mark | 0.31% | 35,951 | $1.1M | Add +19.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 49,399 | $1.1M | Add +149.9% |
| CZA Invesco Zacks Mid-Cap ETF | 0.30% | 9,821 | $1.1M | New |
| IDCC Interdigital Inc. | 0.30% | 3,117 | $1.1M | New |
| JPME JPM Diver Ret US MC Equity filed as J P MORGAN EXCHANGE TRADED F | 0.30% | 9,871 | $1.1M | New |
| QUAL iShares MSCI USA Quality Fac | 0.30% | 5,501 | $1.1M | Reduce -9.0% |
| FNY First Trust Mid Cap Growth | 0.29% | 11,541 | $1.1M | New |
| GSG iShares S&P Gsci Commodity I | 0.29% | 45,799 | $1.1M | Reduce -60.1% |
| ADBE Adobe Inc. | 0.29% | 2,973 | $1.0M | Add +21.2% |
| MMM 3M Co. | 0.29% | 6,668 | $1.0M | Reduce -0.1% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.28% | 21,947 | $1.0M | Reduce -39.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.28% | 11,259 | $1.0M | Add +462.1% |
| PPTY US Diversified Real Estate E | 0.27% | 31,876 | $988K | Reduce -58.5% |
| EMGF iShares Emerging Markets Equ | 0.27% | 17,393 | $984K | Add +22.8% |
| GEW Cambria Global Ew ETF | 0.27% | 19,537 | $984K | New |
| UTHR United Therapeutics Corp. | 0.27% | 2,341 | $981K | New |
| LRCX Lam Research Corp. | 0.27% | 7,319 | $980K | New |
| IUSG iShares Core S&P U.S. Growth | 0.27% | 5,894 | $970K | Add +0.0% |
| STIP iShares 0-5 Year Tips Bond E | 0.26% | 9,229 | $954K | Add +11.1% |
| FNX First Trust Mid Cap Core Alp | 0.26% | 7,588 | $952K | Reduce -48.4% |
Portfolio Sells Q2 2025 → Q3 2025
| UTWO F/M US Treasury 2 Year Note | Reduce -69.1% | 0.39% | −1.01 |
| CVNA Carvana Co. | Sold out | 0.00% | −0.53 |
| GCC Wisdomtree Enhanced Commodit | Reduce -60.1% | 0.33% | −0.52 |
| GSG iShares S&P Gsci Commodity I | Reduce -60.1% | 0.29% | −0.49 |
| STX Seagate Technology Holdings | Sold out | 0.00% | −0.46 |
| PPTY US Diversified Real Estate E | Reduce -58.5% | 0.27% | −0.45 |
| JOET Virtus Terranova US Qual Mom | Reduce -52.6% | 0.36% | −0.44 |
| QLC NT US Qual LC ETF | Reduce -52.4% | 0.37% | −0.42 |
| RECS Columbia Resear Enh Cor ETF | Reduce -52.7% | 0.37% | −0.42 |
| WTMF Wisdomtree MGD Futures Strat | Reduce -49.1% | 0.32% | −0.33 |
| NTRS Northern Trust Corp. | Sold out | 0.00% | −0.33 |
| VGLT Vanguard Long-Term Treasury | Reduce -64.4% | 0.15% | −0.31 |
| AMP Ameriprise Financial Inc. | Sold out | 0.00% | −0.30 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.29 |
| AMGN Amgen Inc. | Reduce -74.6% | 0.09% | −0.28 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −0.28 |
| MNST Monster Beverage Corp. | Sold out | 0.00% | −0.28 |
| FLQM Franklin U.S. Mid Cap Multif | Reduce -50.8% | 0.23% | −0.27 |
| QVMM Invesco S&P Midcap 400 QVM M | Reduce -51.1% | 0.23% | −0.27 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.27 |
| FNX First Trust Mid Cap Core Alp | Reduce -48.4% | 0.26% | −0.26 |
| CINF Cincinnati Financial Corp. | Sold out | 0.00% | −0.25 |
| NFLX Netflix Inc. | Reduce -31.1% | 0.31% | −0.25 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.24 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.24 |
| TPL Texas Pacific Land Corp. | Reduce -10.4% | 0.56% | −0.23 |
| BMI Badger Meter Inc. | Sold out | 0.00% | −0.22 |
| GSWO Goldman Sachs Activebeta Wor | Reduce -52.4% | 0.17% | −0.22 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.22 |
| ERIE Erie Indemnity Company Class A | Reduce -51.4% | 0.14% | −0.21 |
| OLED Universal Display Corp. | Sold out | 0.00% | −0.21 |
| BKE The Buckle Inc. | Sold out | 0.00% | −0.21 |
| QWLD State Street SPDR MSCI World | Reduce -52.6% | 0.17% | −0.21 |
| DBEF Xtrackers MSCI Eafe Hedged E | Reduce -39.8% | 0.28% | −0.21 |
| FLSP Franklin Systematic Style PR | Reduce -61.9% | 0.13% | −0.21 |
| QLYS Qualys Inc. | Sold out | 0.00% | −0.21 |
| LVHI Franklin International Low V | Reduce -53.0% | 0.17% | −0.21 |
| GGG Graco Inc. | Sold out | 0.00% | −0.20 |
| MTCH Match Group Inc. | Sold out | 0.00% | −0.19 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.19 |
| SGOL Abrdn Physical Gold Shares | Reduce -14.0% | 1.73% | −0.19 |
| CROX Crocs Inc. | Sold out | 0.00% | −0.19 |
| FLQS Franklin U.S. Small Cap Mult | Reduce -46.7% | 0.19% | −0.18 |
| LNTH Lantheus Holdings Inc. | Sold out | 0.00% | −0.18 |
| HUBB Hubbell Inc. | Sold out | 0.00% | −0.18 |
| EXPO Exponent Inc. | Sold out | 0.00% | −0.18 |
| DGRS Wisdomtree U.S. Smallcap Qua | Reduce -46.0% | 0.19% | −0.17 |
| ACGL Arch Capital Group Ltd. | Sold out | 0.00% | −0.17 |
| MA Mastercard Inc. Class A | Reduce -34.5% | 0.23% | −0.16 |
| POOL Pool Corp. | Sold out | 0.00% | −0.16 |
Portfolio Buys Q2 2025 → Q3 2025
| SDCI Uscf Summerhaven Dynamic ETF | New | 1.03% | +1.03 |
| SCHR Schwab Intermediate-Term US | New | 0.73% | +0.73 |
| SHY iShares 1-3 Year Treasury Bo | Add +364.6% | 0.87% | +0.66 |
| GOOGL Alphabet Inc. Class A | Add +103.4% | 1.01% | +0.61 |
| ANET Arista Networks Inc. | New | 0.58% | +0.58 |
| XLRE SS Real Estate Select Sector | New | 0.48% | +0.48 |
| CTA Simplify Managed Futures St | New | 0.45% | +0.45 |
| MPWR Monolithic Power Systems Inc. | New | 0.43% | +0.43 |
| FTC First Trust Large Cap Growth | New | 0.39% | +0.39 |
| LLY Eli Lilly & Co. | Add +129.5% | 0.74% | +0.37 |
| PWB Invesco Large Cap Growth ETF | New | 0.34% | +0.34 |
| COWG Pacer US LRG Cap Cows GR LD | New | 0.34% | +0.34 |
| CZA Invesco Zacks Mid-Cap ETF | New | 0.30% | +0.30 |
| IDCC Interdigital Inc. | New | 0.30% | +0.30 |
| JPME JPM Diver Ret US MC Equity | New | 0.30% | +0.30 |
| FNY First Trust Mid Cap Growth | New | 0.29% | +0.29 |
| TLT iShares 20+ Year Treasury BD | Add +208.6% | 0.44% | +0.28 |
| GEW Cambria Global Ew ETF | New | 0.27% | +0.27 |
| UTHR United Therapeutics Corp. | New | 0.27% | +0.27 |
| LRCX Lam Research Corp. | New | 0.27% | +0.27 |
| GRMN Garmin Ltd. | Add +122.4% | 0.45% | +0.26 |
| FYC First Trust Small Cap Growth | New | 0.26% | +0.26 |
| OMFS Invesco RSL 2000 DYN Mltfctr | New | 0.25% | +0.25 |
| FDT First Trust Develp MKT Ex-US | New | 0.25% | +0.25 |
| DBAW Xtrackers MSCI All World Ex | New | 0.25% | +0.25 |
| RODM Hartford Multifact Dev MRKT | New | 0.25% | +0.25 |
| LRN Stride Inc. | New | 0.25% | +0.25 |
| UIVM Victoryshares International | New | 0.25% | +0.25 |
| SCCO Southern Copper Corp. | New | 0.24% | +0.24 |
| NEM Newmont Corp. | New | 0.23% | +0.23 |
| RMD Resmed Inc. | New | 0.23% | +0.23 |
| CDNS Cadence Design SYS Inc. | New | 0.23% | +0.23 |
| FTDR Frontdoor Inc. | New | 0.22% | +0.22 |
| CLSE Convergence Long/Short Eqy | New | 0.22% | +0.22 |
| SNPS Synopsys Inc. | New | 0.21% | +0.21 |
| INTU Intuit Inc. | New | 0.21% | +0.21 |
| SCHW Schwab (charles) Corp. | New | 0.20% | +0.20 |
| CBOE Cboe Global Markets Inc. | New | 0.20% | +0.20 |
| DECK Deckers Outdoor Corp. | New | 0.20% | +0.20 |
| HPE Hewlett Packard Enterprise | New | 0.20% | +0.20 |
| ADSK Autodesk Inc. | New | 0.19% | +0.19 |
| FOXA Fox Corp. Class A | New | 0.19% | +0.19 |
| ATRO Astronics Corp. | New | 0.19% | +0.19 |
| NWSA News Corp. Class A | New | 0.17% | +0.17 |
| NJR New Jersey Resources Corp. | Add +80.9% | 0.40% | +0.17 |
| GEM Goldman Sachs Activebeta Em | New | 0.17% | +0.17 |
| NVDA Nvidia Corp. | Add +40.5% | 2.36% | +0.17 |
| ROAM Hartford Multifact Emrg MRKT | New | 0.17% | +0.17 |
| AAPL Apple Inc. | Add +21.0% | 5.08% | +0.17 |
| HIMS Hims & Hers Health Inc. | New | 0.16% | +0.16 |
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 |