Empirical Capital Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed February 9, 2026), Empirical Capital Management, LLC reported 12 stock positions worth $147.9 million. Its top holding was Roku (ROKU) at 17.9% of the portfolio, followed by Palantir Technologies Class A (PLTR, 12.4%) and Take-Two Interactive Softwre (TTWO, 12.3%). Compared with Q2 2025, it opened 1 new position, sold out of 3, added to 2 and reduced 6. The biggest buy was Alphabet Class A (GOOGL, shares +140%) and the biggest sale Palantir Technologies Class A (PLTR, shares −52%).
- Most Recent 13F
- Q2 2026
- Location
- HENDERSONVILLE, TN
- CIK
- 0001642274
- Portfolio Value
- $147.9M (Q3 2025)
- SEC Filing
- 0001642274-26-000002 ↗ filed Feb 9, 2026
Holdings Value
Holdings 12 stocks · $147.9M
| ROKU Roku Inc. | 17.92% | 264,661 | $26.5M | Reduce -8.9% |
| PLTR Palantir Technologies Inc. Class A | 12.40% | 100,500 | $18.3M | Reduce -51.6% |
| TTWO Take-Two Interactive Softwre | 12.32% | 70,500 | $18.2M | Add +6.0% |
| WMT Walmart Inc. | 11.85% | 170,000 | $17.5M | No change |
| AMZN Amazon.com Inc. | 10.63% | 71,600 | $15.7M | Reduce -28.4% |
| GOOGL Alphabet Inc. Class A | 9.86% | 60,000 | $14.6M | Add +140.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 7.57% | 77,500 | $11.2M | Reduce -22.5% |
| COST Costco Wholesale Corp. | 7.10% | 11,350 | $10.5M | No change |
| XPO Xpo Inc. | 4.37% | 50,000 | $6.5M | Reduce -31.5% |
| PINS Pinterest Inc. Class A | 4.06% | 186,650 | $6.0M | Reduce -9.0% |
| TSLA Tesla Inc. | 1.80% | 6,000 | $2.7M | No change |
| AEO American Eagle Outfitters | 0.12% | 10,000 | $171K | New |
Portfolio Sells Q2 2025 → Q3 2025
| PLTR Palantir Technologies Inc. Class A | Reduce -51.6% | 12.40% | −5.11 |
| AMZN Amazon.com Inc. | Reduce -28.4% | 10.63% | −2.95 |
| FDX FedEx Corp. | Sold out | 0.00% | −2.25 |
| TFIN Triumph Financial Inc. | Sold out | 0.00% | −1.54 |
| XPO Xpo Inc. | Reduce -31.5% | 4.37% | −1.34 |
| PINS Pinterest Inc. Class A | Reduce -9.0% | 4.06% | −0.49 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.27 |
| TJX TJX Companies Inc. | Reduce -22.5% | 7.57% | −0.07 |
| ROKU Roku Inc. | Reduce -8.9% | 17.92% | +2.12 |
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 17 | $365.9M | TTWO, ROKU, GOOGL, COST, AMZN |
| Q1 2026 | 15 | $166.9M | GOOGL, ROKU, WMT, TTWO, AMZN |
| Q4 2025 | 11 | $152.1M | ROKU, GOOGL, TTWO, WMT, AMZN |
| Q3 2025 | 12 | $147.9M | ROKU, PLTR, TTWO, WMT, AMZN |
| Q2 2025 | 14 | $161.5M | PLTR, ROKU, AMZN, WMT, TTWO |
| Q1 2025 | 14 | $140.8M | PLTR, ROKU, AMZN, WMT, TTWO |
| Q4 2024 | 12 | $132.6M | AMZN, PLTR, ROKU, WMT, TJX |
| Q3 2024 | 19 | $143.1M | ROKU, AMZN, PLTR, WMT, TJX |
| Q2 2024 | 16 | $140.3M | AMZN, GOOG, COST, PINS, WMT |
| Q1 2024 | 17 | $123.2M | AMZN, COST, WMT, ROKU, TJX |