Empirical Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Empirical Asset Management, LLC reported 356 stock positions worth $354.5 million. Its top holding was Apple (AAPL) at 5.1% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 4.4%) and Abrdn Physical Gold Shares (SGOL, 2.4%). Compared with Q3 2025, it opened 19 new positions, sold out of 31, added to 116 and reduced 197. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +36%) and the biggest sale ETF Ser Solutions (shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- WELLESLEY, MA
- CIK
- 0001926596
- Portfolio Value
- $354.5M (Q4 2025)
- SEC Filing
- 0001951757-26-000393 ↗ filed Feb 6, 2026
Holdings Value
Holdings 356 stocks · $354.5M
| AAPL Apple Inc. | 5.11% | 88,473 | $18.1M | Reduce -5.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 4.39% | 22,820 | $15.6M | Add +35.8% |
| SGOL Abrdn Physical Gold Shares | 2.39% | 205,971 | $8.5M | Add +21.6% |
| NVDA Nvidia Corp. | 2.19% | 58,967 | $7.8M | Reduce -6.3% |
| IYW iShares Ustechnology ETF | 2.01% | 35,653 | $7.1M | Reduce -1.9% |
| SLV iShares Silver Trust | 1.82% | 100,409 | $6.5M | Add +16.1% |
| MSFT Microsoft Corp. | 1.80% | 60,150 | $6.4M | Reduce -1.7% |
| AMZN Amazon.com Inc. | 1.42% | 47,332 | $5.0M | Reduce -0.4% |
| META Meta Platforms Inc. Class A | 1.40% | 22,250 | $5.0M | Add +2.1% |
| SDCI Uscf Summerhaven Dynamic ETF | 1.32% | 212,418 | $4.7M | Add +32.1% |
| JPM JPMorgan Chase & Co. | 1.26% | 18,280 | $4.5M | Reduce -3.2% |
| GOOGL Alphabet Inc. Class A | 1.25% | 14,117 | $4.4M | Reduce -5.2% |
| HD Home Depot Inc. | 1.14% | 15,822 | $4.0M | Reduce -1.9% |
| GLD SPDR Gold Shares | 1.07% | 35,588 | $3.8M | Reduce -2.2% |
| LLY Eli Lilly & Co. | 1.03% | 3,389 | $3.6M | Reduce -2.4% |
| RSPT Invesco S&P 500 Equal Weight | 0.88% | 68,610 | $3.1M | Reduce -6.3% |
| GOOG Alphabet Inc. Class C | 0.87% | 17,877 | $3.1M | Reduce -5.1% |
| IVV iShares Core S&P 500 ETF | 0.82% | 4,264 | $2.9M | Reduce -3.3% |
| IWF iShares Russell 1000 Growth | 0.74% | 5,576 | $2.6M | Add +0.7% |
| ILS Brookmont Catastrophic Bond | 0.74% | 130,695 | $2.6M | New |
| IGOV iShares International Treasu | 0.67% | 57,040 | $2.4M | Reduce -10.8% |
| IBB iShares Biotechnology ETF | 0.67% | 14,032 | $2.4M | Add +12.7% |
| IYH iShares U.S. Healthcare ETF | 0.66% | 35,866 | $2.3M | Reduce -0.3% |
| XOM Exxon Mobil Corp. | 0.65% | 37,181 | $2.3M | Reduce -3.5% |
| WMT Walmart Inc. | 0.65% | 23,493 | $2.3M | Reduce -1.2% |
| MCD McDonald's Corp. | 0.63% | 10,432 | $2.2M | Add +5.0% |
| XLRE SS Real Estate Select Sector | 0.62% | 54,736 | $2.2M | Add +34.3% |
| IWM iShares Russell 2000 ETF | 0.62% | 8,883 | $2.2M | Reduce -0.4% |
| V Visa Inc. Class A | 0.61% | 16,542 | $2.2M | Add +4.8% |
| SCHR Schwab Intermediate-Term US | 0.61% | 85,638 | $2.1M | Reduce -17.8% |
| KLAC KLA Corp. | 0.59% | 10,428 | $2.1M | Add +1.2% |
| CTA Simplify Managed Futures St | 0.58% | 75,976 | $2.1M | Add +31.6% |
| PG The Procter & Gamble Co. | 0.57% | 37,577 | $2.0M | Reduce -1.3% |
| PWB Invesco Large Cap Growth ETF | 0.56% | 15,563 | $2.0M | Add +59.8% |
| FTC First Trust Large Cap Growth | 0.56% | 12,332 | $2.0M | Add +40.9% |
| SMLF iShares US Smallcap Equity F | 0.54% | 25,389 | $1.9M | Add +12.8% |
| TPL Texas Pacific Land Corp. | 0.53% | 6,564 | $1.9M | Add +1.1% |
| IVE iShares S&P 500 Value ETF | 0.53% | 8,873 | $1.9M | Add +3.0% |
| COWG Pacer US LRG Cap Cows GR LD | 0.52% | 52,232 | $1.8M | Add +56.1% |
| QCOM Qualcomm Inc. | 0.51% | 125,250 | $1.8M | Add +4.3% |
| CECO Ceco Environmental Corp. | 0.50% | 29,561 | $1.8M | No change |
| CZA Invesco Zacks Mid-Cap ETF | 0.50% | 15,926 | $1.8M | Add +62.2% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.50% | 11,837 | $1.8M | Add +0.8% |
| CVX Chevron Corp. | 0.50% | 23,042 | $1.8M | Reduce -0.5% |
| JPME JPM Diver Ret US MC Equity filed as J P MORGAN EXCHANGE TRADED F | 0.50% | 16,177 | $1.8M | Add +63.9% |
| IEFA iShares Core MSCI Eafe ETF | 0.49% | 19,608 | $1.8M | Reduce -9.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.49% | 21,171 | $1.8M | Reduce -43.9% |
| ANET Arista Networks Inc. | 0.49% | 13,343 | $1.7M | Reduce -7.3% |
| FNY First Trust Mid Cap Growth | 0.49% | 18,995 | $1.7M | Add +64.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.49% | 39,921 | $1.7M | Reduce -0.0% |
| TSLA Tesla Inc. | 0.48% | 3,803 | $1.7M | Add +0.6% |
| IGV iShares Expanded Tech-Softwa | 0.48% | 16,106 | $1.7M | Add +0.8% |
| AGG iShares Core U.S. Aggregate | 0.47% | 21,904 | $1.7M | Reduce -24.3% |
| MPWR Monolithic Power Systems Inc. | 0.45% | 1,777 | $1.6M | Add +5.0% |
| TLT iShares 20+ Year Treasury BD | 0.45% | 18,463 | $1.6M | Add +4.3% |
| FYC First Trust Small Cap Growth | 0.45% | 16,635 | $1.6M | Add +64.0% |
| OMFS Invesco RSL 2000 DYN Mltfctr | 0.44% | 34,999 | $1.6M | Add +67.8% |
| CSCO Cisco Systems Inc. | 0.44% | 57,855 | $1.5M | Add +0.2% |
| FDT First Trust Develp MKT Ex-US | 0.42% | 18,742 | $1.5M | Add +57.2% |
| SUN Sunoco LP | 0.42% | 28,405 | $1.5M | No change |
| UIVM Victoryshares International | 0.42% | 23,037 | $1.5M | Add +57.6% |
| RODM Hartford Multifact Dev MRKT | 0.41% | 39,679 | $1.5M | Add +57.3% |
| DBAW Xtrackers MSCI All World Ex | 0.41% | 35,425 | $1.5M | Add +55.5% |
| GILD Gilead Sciences Inc. | 0.41% | 11,787 | $1.4M | Add +38.5% |
| NJR New Jersey Resources Corp. | 0.40% | 30,407 | $1.4M | Add +0.5% |
| QAI Nylim HDG MLT-STR TRC ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.39% | 41,015 | $1.4M | Reduce -3.1% |
| RWL Invesco S&P 500 Revenue ETF | 0.38% | 11,817 | $1.4M | Add +0.2% |
| IWR iShares Russell Mid-Cap ETF | 0.38% | 13,942 | $1.3M | Reduce -4.7% |
| IYJ iShares U.S. Industrials ETF | 0.37% | 8,862 | $1.3M | Reduce -4.4% |
| SCHZ Schwab US Aggregate Bond ETF | 0.36% | 54,799 | $1.3M | Reduce -7.3% |
| AGOX Adaptive Alpha Opportunities | 0.36% | 44,675 | $1.3M | Add +3.1% |
| DBEM Xtrackers MSCI Emerging Mark | 0.36% | 39,682 | $1.3M | Add +10.4% |
| GS Goldman Sachs Group Inc. | 0.36% | 4,298 | $1.3M | Reduce -16.1% |
| IGM iShares Expanded Tech Sector | 0.35% | 9,638 | $1.2M | Reduce -1.0% |
| GE General Electric filed as GE AEROSPACE | 0.35% | 16,133 | $1.2M | Add +0.1% |
| IJH iShares Core S&P Midcap ETF | 0.34% | 18,471 | $1.2M | Reduce -0.3% |
| WFC Wells Fargo & Co. | 0.34% | 13,045 | $1.2M | Reduce -3.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 49,818 | $1.2M | Add +0.8% |
| IVW iShares S&P 500 Growth ETF | 0.33% | 9,480 | $1.2M | Reduce -5.4% |
| EMGF iShares Emerging Markets Equ | 0.33% | 20,111 | $1.2M | Add +15.6% |
| CLSE Convergence Long/Short Eqy | 0.33% | 42,445 | $1.2M | Add +41.2% |
| GRMN Garmin Ltd. | 0.32% | 5,616 | $1.1M | Reduce -15.4% |
| UTHR United Therapeutics Corp. | 0.32% | 2,316 | $1.1M | Reduce -1.1% |
| MEDP Medpace Holdings Inc. | 0.32% | 2,003 | $1.1M | Reduce -8.5% |
| NFLX Netflix Inc. | 0.31% | 11,860 | $1.1M | Add +25.8% |
| MMM 3M Co. | 0.30% | 6,620 | $1.1M | Reduce -0.7% |
| NEM Newmont Corp. | 0.29% | 10,375 | $1.0M | Add +4.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.29% | 11,269 | $1.0M | Add +0.1% |
| IDCC Interdigital Inc. | 0.29% | 3,247 | $1.0M | Add +4.2% |
| MA Mastercard Inc. Class A | 0.29% | 1,807 | $1.0M | Add +22.2% |
| FOXA Fox Corp. Class A | 0.29% | 14,076 | $1.0M | Add +29.8% |
| MRK Merck & Co. Inc. | 0.29% | 12,481 | $1.0M | Reduce -1.8% |
| ORCL Oracle Corp. | 0.29% | 7,030 | $1.0M | Add +0.3% |
| ADBE Adobe Inc. | 0.29% | 2,891 | $1.0M | Reduce -2.8% |
| GEW Cambria Global Ew ETF | 0.28% | 19,537 | $1.0M | No change |
| HYZD Wisdomtree Interest Rate Hed | 0.28% | 43,999 | $991K | Add +15.6% |
| SCHW Schwab (charles) Corp. | 0.28% | 28,896 | $989K | Add +8.3% |
| ARM Arm Holdings PLC-ADR | 0.28% | 9,000 | $984K | Reduce -2.2% |
| ROAM Hartford Multifact Emrg MRKT | 0.28% | 33,743 | $983K | Add +54.1% |
| GEM Goldman Sachs Activebeta Em | 0.28% | 23,420 | $975K | Add +53.4% |
Portfolio Sells Q3 2025 → Q4 2025
| ETF SER SOLUTIONS | Reduce -90.8% | 0.08% | −0.74 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -43.9% | 0.49% | −0.37 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.27 |
| MSFT Microsoft Corp. | Reduce -1.7% | 1.80% | −0.25 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.23 |
| RECS Columbia Resear Enh Cor ETF | Reduce -62.5% | 0.14% | −0.23 |
| JOET Virtus Terranova US Qual Mom | Reduce -62.3% | 0.13% | −0.22 |
| QLC NT US Qual LC ETF | Reduce -62.5% | 0.15% | −0.22 |
| HD Home Depot Inc. | Reduce -1.9% | 1.14% | −0.22 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.20 |
| AGG iShares Core U.S. Aggregate | Reduce -24.3% | 0.47% | −0.19 |
| ADP Automatic Data Processing | Reduce -18.3% | 0.21% | −0.19 |
| PODD Insulet Corp. | Sold out | 0.00% | −0.18 |
| UTWO F/M US Treasury 2 Year Note | Reduce -47.2% | 0.21% | −0.18 |
| NWSA News Corp. Class A | Sold out | 0.00% | −0.17 |
| NVDA Nvidia Corp. | Reduce -6.3% | 2.19% | −0.17 |
| FNX First Trust Mid Cap Core Alp | Reduce -64.9% | 0.09% | −0.17 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.17 |
| HIMS Hims & Hers Health Inc. | Sold out | 0.00% | −0.16 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.16 |
| LRN Stride Inc. | Reduce -19.5% | 0.09% | −0.16 |
| PPTY US Diversified Real Estate E | Reduce -57.2% | 0.12% | −0.16 |
| GSG iShares S&P Gsci Commodity I | Reduce -54.4% | 0.14% | −0.16 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −0.15 |
| FTNT Fortinet Inc. | Reduce -42.9% | 0.19% | −0.15 |
| GCC Wisdomtree Enhanced Commodit | Reduce -47.5% | 0.17% | −0.15 |
| UTEN F/M US Treasury 10 Year Note | Reduce -9.2% | 0.23% | −0.15 |
| INTU Intuit Inc. | Reduce -69.4% | 0.06% | −0.15 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.15 |
| JKHY Jack Henry & Associates Inc. | Sold out | 0.00% | −0.15 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.15 |
| GS Goldman Sachs Group Inc. | Reduce -16.1% | 0.36% | −0.14 |
| QVMM Invesco S&P Midcap 400 QVM M | Reduce -62.5% | 0.09% | −0.14 |
| FLQM Franklin U.S. Mid Cap Multif | Reduce -62.4% | 0.09% | −0.14 |
| GRMN Garmin Ltd. | Reduce -15.4% | 0.32% | −0.13 |
| WTMF Wisdomtree MGD Futures Strat | Reduce -41.5% | 0.19% | −0.13 |
| FLQS Franklin U.S. Small Cap Mult | Reduce -65.3% | 0.07% | −0.13 |
| SCHR Schwab Intermediate-Term US | Reduce -17.8% | 0.61% | −0.12 |
| DBEF Xtrackers MSCI Eafe Hedged E | Reduce -45.6% | 0.16% | −0.12 |
| MINT PIMCO Enhanced Short Maturit | Sold out | 0.00% | −0.12 |
| DGRS Wisdomtree U.S. Smallcap Qua | Reduce -63.3% | 0.07% | −0.12 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.11 |
| GSWO Goldman Sachs Activebeta Wor | Reduce -62.2% | 0.07% | −0.11 |
| QWLD State Street SPDR MSCI World | Reduce -61.9% | 0.07% | −0.10 |
| UEVM Victoryshares Emerging Marke | Sold out | 0.00% | −0.10 |
| LVHI Franklin International Low V | Reduce -61.7% | 0.07% | −0.10 |
| MFEM PIMCO Rafi Dynamic Multi-Fac | Sold out | 0.00% | −0.10 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.09 |
| QUAL iShares MSCI USA Quality Fac | Reduce -33.9% | 0.20% | −0.09 |
| VST Vistra Corp. | Sold out | 0.00% | −0.09 |
Portfolio Buys Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +35.8% | 4.39% | +1.28 |
| SLV iShares Silver Trust | Add +16.1% | 1.82% | +0.81 |
| ILS Brookmont Catastrophic Bond | New | 0.74% | +0.74 |
| SGOL Abrdn Physical Gold Shares | Add +21.6% | 2.39% | +0.66 |
| SDCI Uscf Summerhaven Dynamic ETF | Add +32.1% | 1.32% | +0.29 |
| INCY Incyte Corp. | New | 0.27% | +0.27 |
| QCOM Qualcomm Inc. | Add +4.3% | 0.51% | +0.26 |
| PWB Invesco Large Cap Growth ETF | Add +59.8% | 0.56% | +0.22 |
| JPME JPM Diver Ret US MC Equity | Add +63.9% | 0.50% | +0.20 |
| CZA Invesco Zacks Mid-Cap ETF | Add +62.2% | 0.50% | +0.20 |
| FYC First Trust Small Cap Growth | Add +64.0% | 0.45% | +0.20 |
| FNY First Trust Mid Cap Growth | Add +64.6% | 0.49% | +0.20 |
| OMFS Invesco RSL 2000 DYN Mltfctr | Add +67.8% | 0.44% | +0.18 |
| COWG Pacer US LRG Cap Cows GR LD | Add +56.1% | 0.52% | +0.18 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.18% | +0.18 |
| FDS Factset Research Systems Inc. | New | 0.17% | +0.17 |
| UIVM Victoryshares International | Add +57.6% | 0.42% | +0.17 |
| FDT First Trust Develp MKT Ex-US | Add +57.2% | 0.42% | +0.17 |
| IWLG Nylim Winslow Large Cap Grow | New | 0.17% | +0.17 |
| IBB iShares Biotechnology ETF | Add +12.7% | 0.67% | +0.17 |
| FTC First Trust Large Cap Growth | Add +40.9% | 0.56% | +0.17 |
| RODM Hartford Multifact Dev MRKT | Add +57.3% | 0.41% | +0.17 |
| DBAW Xtrackers MSCI All World Ex | Add +55.5% | 0.41% | +0.16 |
| XLRE SS Real Estate Select Sector | Add +34.3% | 0.62% | +0.15 |
| GILD Gilead Sciences Inc. | Add +38.5% | 0.41% | +0.15 |
| CTA Simplify Managed Futures St | Add +31.6% | 0.58% | +0.14 |
| KLAC KLA Corp. | Add +1.2% | 0.59% | +0.11 |
| CLSE Convergence Long/Short Eqy | Add +41.2% | 0.33% | +0.11 |
| ROAM Hartford Multifact Emrg MRKT | Add +54.1% | 0.28% | +0.11 |
| BWZ State Street SPDR Bloomberg | New | 0.10% | +0.10 |
| GEM Goldman Sachs Activebeta Em | Add +53.4% | 0.28% | +0.10 |
| FOXA Fox Corp. Class A | Add +29.8% | 0.29% | +0.10 |
| V Visa Inc. Class A | Add +4.8% | 0.61% | +0.10 |
| TER Teradyne Inc. | New | 0.09% | +0.09 |
| DDWM Wisdomtree DY Inter Eq FD-US | New | 0.08% | +0.08 |
| AMD Advanced Micro Devices | Add +19.0% | 0.20% | +0.08 |
| SCHW Schwab (charles) Corp. | Add +8.3% | 0.28% | +0.08 |
| XLV SS Health Care Select Sector | New | 0.07% | +0.07 |
| SMLF iShares US Smallcap Equity F | Add +12.8% | 0.54% | +0.07 |
| MU Micron Technology Inc. | Add +7.9% | 0.15% | +0.07 |
| SPMO Invesco S&P 500 Momentum ETF | New | 0.07% | +0.07 |
| EXPE Expedia Group Inc. | New | 0.07% | +0.07 |
| AVEM Avantis Emerging Markets Eq | New | 0.07% | +0.07 |
| AXP American Express Co. | New | 0.06% | +0.06 |
| WBD Warner Bros Discovery Inc. | New | 0.06% | +0.06 |
| SCHF Schwab Intl Equity ETF | New | 0.06% | +0.06 |
| SMCI Super Micro Computer Inc. | New | 0.06% | +0.06 |
| NEM Newmont Corp. | Add +4.2% | 0.29% | +0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.06% | +0.06 |
| MA Mastercard Inc. Class A | Add +22.2% | 0.29% | +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 |