Empirical Capital Management, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Empirical Capital Management, LLC reported 15 stock positions worth $166.9 million. Its top holding was Alphabet Class A (GOOGL) at 22.8% of the portfolio, followed by Roku (ROKU, 19.6%) and Walmart (WMT, 12.7%). Compared with Q4 2025, it opened 4 new positions, added to 5 and reduced 1. The biggest buy was Alphabet Class A (GOOGL, shares +61%) and the biggest sale Xpo (XPO, shares −86%).

Most Recent 13F
Q2 2026
Location
HENDERSONVILLE, TN
CIK
0001642274
Portfolio Value
$166.9M (Q1 2026)
SEC Filing
0001642274-26-000005 ↗ filed May 15, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $123.2M Q1 2024 Q2 2024: $140.3M Q2 2024 Q3 2024: $143.1M Q3 2024 Q4 2024: $132.6M Q4 2024 Q1 2025: $140.8M Q1 2025 Q2 2025: $161.5M Q2 2025 Q3 2025: $147.9M Q3 2025 Q4 2025: $152.1M Q4 2025 Q1 2026: $166.9M $166.9M Q1 2026 Q2 2026: $365.9M Q2 2026

Holdings 15 stocks · $166.9M

GOOGL Alphabet Inc. Class A 22.83% 132,500 $38.1M Add +60.6%
ROKU Roku Inc. 19.59% 345,661 $32.7M Add +30.6%
WMT Walmart Inc. 12.66% 170,000 $21.1M No change
TTWO Take-Two Interactive Softwre 9.64% 81,500 $16.1M Add +8.0%
AMZN Amazon.com Inc. 8.93% 71,600 $14.9M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 7.41% 77,500 $12.4M No change
COST Costco Wholesale Corp. 6.78% 11,350 $11.3M No change
PLTR Palantir Technologies Inc. Class A 6.05% 69,000 $10.1M Add +1.5%
TSLA Tesla Inc. 1.34% 6,000 $2.2M No change
NFLX Netflix Inc. 1.12% 19,450 $1.9M New
TFIN Triumph Financial Inc. 1.09% 30,450 $1.8M Add +46.9%
GNRC Generac Holdings Inc. 1.07% 9,100 $1.8M New
RDDT Reddit Inc. Class A 0.73% 9,000 $1.2M New
XPO Xpo Inc. 0.58% 5,000 $973K Reduce -86.5%
JBHT Hunt (jb) Transprt SVCS Inc. 0.19% 1,500 $318K New

Portfolio Sells Q4 2025 → Q1 2026

XPO Xpo Inc. Reduce -86.5% 0.58% −2.72

Portfolio Buys Q4 2025 → Q1 2026

GOOGL Alphabet Inc. Class A Add +60.6% 22.83% +5.85
NFLX Netflix Inc. New 1.12% +1.12
GNRC Generac Holdings Inc. New 1.07% +1.07
RDDT Reddit Inc. Class A New 0.73% +0.73
ROKU Roku Inc. Add +30.6% 19.59% +0.72
TFIN Triumph Financial Inc. Add +46.9% 1.09% +0.24
JBHT Hunt (jb) Transprt SVCS Inc. New 0.19% +0.19
PLTR Palantir Technologies Inc. Class A Add +1.5% 6.05% −1.90
TTWO Take-Two Interactive Softwre Add +8.0% 9.64% −3.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 17$365.9MTTWO, ROKU, GOOGL, COST, AMZN
Q1 2026 15$166.9MGOOGL, ROKU, WMT, TTWO, AMZN
Q4 2025 11$152.1MROKU, GOOGL, TTWO, WMT, AMZN
Q3 2025 12$147.9MROKU, PLTR, TTWO, WMT, AMZN
Q2 2025 14$161.5MPLTR, ROKU, AMZN, WMT, TTWO
Q1 2025 14$140.8MPLTR, ROKU, AMZN, WMT, TTWO
Q4 2024 12$132.6MAMZN, PLTR, ROKU, WMT, TJX
Q3 2024 19$143.1MROKU, AMZN, PLTR, WMT, TJX
Q2 2024 16$140.3MAMZN, GOOG, COST, PINS, WMT
Q1 2024 17$123.2MAMZN, COST, WMT, ROKU, TJX