Empower Advisory Group, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Empower Advisory Group, LLC reported 497 stock positions worth $33.4 billion. Its top holding was Schwab Intl Equity ETF (SCHF) at 12.2% of the portfolio, followed by iShares Russell 2000 ETF (IWM, 5.6%) and Vanguard Ftse Emerging Marke (VWO, 5.1%). Compared with Q1 2025, it opened 36 new positions, sold out of 34, added to 240 and reduced 179. The biggest buy was a new position in SPDR Gold Minishares Trust (GLDM) and the biggest sale iShares Gold Trust (IAU, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- Greenwood Village, CO
- CIK
- 0001978885
- Portfolio Value
- $33.4B (Q2 2025)
- SEC Filing
- 0001420506-25-001789 ↗ filed Aug 8, 2025
Holdings Value
Holdings 497 stocks · $33.4B
| SCHF Schwab Intl Equity ETF | 12.18% | 184,001,503 | $4.1B | Reduce -0.4% |
| IWM iShares Russell 2000 ETF | 5.57% | 8,616,866 | $1.9B | Add +5.8% |
| VWO Vanguard Ftse Emerging Marke | 5.12% | 34,535,105 | $1.7B | Add +1.3% |
| BSV Vanguard Short-Term Bond ETF | 4.27% | 18,101,201 | $1.4B | Add +4.6% |
| VNQ Vanguard Real Estate ETF | 3.85% | 14,436,154 | $1.3B | Add +4.2% |
| VGIT Vanguard Intermediate-Term T | 3.42% | 19,075,152 | $1.1B | Add +4.5% |
| SCHP Schwab U.S. Tips ETF | 3.41% | 42,677,764 | $1.1B | Add +4.9% |
| USIG iShares Broad Usd Investment | 2.54% | 16,517,713 | $849.7M | Add +5.2% |
| SCHA Schwab US Small-Cap ETF | 2.53% | 33,442,998 | $846.1M | Add +26.7% |
| VGLT Vanguard Long-Term Treasury | 2.10% | 12,485,403 | $700.7M | Add +7.2% |
| VSS Vanguard Ftse All Wo X-US SC | 1.97% | 4,903,027 | $658.9M | Add +1.0% |
| VNQI Vanguard GLBL Ex-US Real Est | 1.89% | 13,648,827 | $629.9M | Reduce -18.5% |
| EBND State Street SPDR Bloomberg | 1.55% | 24,148,386 | $516.8M | Add +3.8% |
| ESGD iShares Trust iShares ESG Aw | 1.51% | 5,649,063 | $504.0M | Reduce -3.6% |
| VTI VG Morningstar TS MKT ETF-US | 1.46% | 1,599,221 | $486.1M | Add +3.0% |
| MSFT Microsoft Corp. | 1.40% | 937,068 | $466.1M | Add +4.5% |
| NVDA Nvidia Corp. | 1.38% | 2,919,439 | $461.2M | Add +18.8% |
| AAPL Apple Inc. | 1.32% | 2,144,982 | $440.1M | Add +9.2% |
| AMZN Amazon.com Inc. | 1.25% | 1,909,346 | $418.9M | Add +21.6% |
| SHYG iShares 0-5 YR HY Corp. Bond | 1.25% | 9,687,474 | $417.9M | Add +6.0% |
| PDBC Invesco Optimum Yield Divers | 1.23% | 31,466,599 | $410.3M | Add +6.0% |
| GOOG Alphabet Inc. Class C | 1.16% | 2,179,036 | $386.5M | Add +5.1% |
| IAU iShares Gold Trust | 1.13% | 6,029,717 | $376.0M | Reduce -54.6% |
| BNDX Vanguard Total Intl Bond ETF | 1.09% | 7,343,917 | $363.6M | Add +4.2% |
| GLDM SPDR Gold Minishares Trust | 1.01% | 5,128,539 | $336.0M | New |
| META Meta Platforms Inc. Class A | 1.00% | 452,685 | $334.1M | Add +3.0% |
| WMT Walmart Inc. | 0.77% | 2,639,475 | $258.1M | Add +1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.72% | 496,723 | $241.3M | Add +0.6% |
| JPM JPMorgan Chase & Co. | 0.72% | 828,122 | $240.1M | Add +2.9% |
| ESGE iShares Inc. iShares ESG Awar | 0.65% | 5,581,197 | $218.6M | Reduce -2.1% |
| MA Mastercard Inc. Class A | 0.62% | 368,495 | $207.1M | Add +1.8% |
| TSLA Tesla Inc. | 0.61% | 642,791 | $204.2M | Add +12.9% |
| NFLX Netflix Inc. | 0.59% | 147,582 | $197.6M | Reduce -25.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.53% | 1,432,041 | $177.6M | Add +4.2% |
| COST Costco Wholesale Corp. | 0.53% | 178,481 | $176.7M | Add +1.0% |
| LLY Eli Lilly & Co. | 0.53% | 225,934 | $176.1M | Add +6.3% |
| XOM Exxon Mobil Corp. | 0.53% | 1,628,836 | $175.6M | Add +5.4% |
| IWB iShares Russell 1000 ETF | 0.49% | 478,858 | $162.6M | Reduce -2.8% |
| ECL Ecolab Inc. | 0.48% | 595,617 | $160.5M | Add +1.8% |
| DUK Duke Energy Corp. | 0.44% | 1,254,496 | $148.0M | Add +4.9% |
| PG The Procter & Gamble Co. | 0.44% | 914,327 | $145.7M | Add +5.1% |
| NEE Nextera Energy Inc. | 0.42% | 1,999,765 | $138.8M | Add +4.0% |
| SO The Southern Co. | 0.40% | 1,471,380 | $135.1M | Add +2.3% |
| SBUX Starbucks Corp. | 0.40% | 1,469,136 | $134.6M | Add +5.6% |
| JNJ Johnson & Johnson | 0.40% | 876,818 | $133.9M | Add +3.9% |
| APD Air Products & Chemicals Inc. | 0.39% | 465,599 | $131.3M | Add +4.9% |
| LIN Linde PLC | 0.38% | 271,618 | $127.4M | Add +9.2% |
| ABT Abbott Laboratories | 0.37% | 918,333 | $124.9M | Add +0.3% |
| HD Home Depot Inc. | 0.37% | 340,268 | $124.8M | Add +5.2% |
| AVGO Broadcom Inc. | 0.36% | 433,451 | $119.5M | Add +15.3% |
| T AT&T Inc. | 0.35% | 4,068,157 | $117.7M | Add +0.9% |
| PFE Pfizer Inc. | 0.35% | 4,848,235 | $117.5M | Add +9.7% |
| UPS United Parcel Service Class B | 0.35% | 1,154,579 | $116.5M | Add +18.8% |
| HON Honeywell International Inc. | 0.35% | 498,142 | $116.0M | Add +1.7% |
| CVX Chevron Corp. | 0.34% | 795,415 | $113.9M | Add +6.4% |
| UNH Unitedhealth Group Inc. | 0.33% | 348,953 | $108.9M | Add +38.5% |
| FTNT Fortinet Inc. | 0.33% | 1,026,401 | $108.5M | Add +0.8% |
| NEM Newmont Corp. | 0.32% | 1,847,395 | $107.6M | Reduce -0.8% |
| GS Goldman Sachs Group Inc. | 0.32% | 151,630 | $107.3M | Reduce -0.4% |
| WM Waste Management Inc. | 0.32% | 462,820 | $105.9M | Add +2.1% |
| CEG Constellation Energy | 0.31% | 323,224 | $104.3M | Add +57.5% |
| CAT Caterpillar Inc. | 0.31% | 265,734 | $103.2M | Add +3.6% |
| IBKR Interactive Brokers Gro Class A | 0.31% | 1,846,846 | $102.3M | Add +3.1% |
| CRM Salesforce Inc. | 0.30% | 373,095 | $101.7M | Add +2.6% |
| LHX L3HARRIS Technologies Inc. | 0.30% | 400,651 | $100.5M | Add +3.3% |
| CMG Chipotle Mexican Grill Inc. | 0.30% | 1,765,618 | $99.1M | Add +8.7% |
| SCCO Southern Copper Corp. | 0.30% | 979,877 | $99.1M | Add +8.4% |
| SHW The Sherwin-Williams Co. | 0.29% | 278,364 | $95.6M | Reduce -16.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.28% | 1,988,257 | $94.1M | Add +1.2% |
| ESGU iShares ESG Aware MSCI USA | 0.28% | 694,149 | $93.9M | Add +0.2% |
| ABBV Abbvie Inc. | 0.28% | 496,433 | $92.1M | Add +4.7% |
| DLTR Dollar Tree Inc. | 0.28% | 928,410 | $91.9M | Add +13.0% |
| ITW Illinois Tool Works | 0.27% | 370,631 | $91.6M | Add +3.8% |
| AMGN Amgen Inc. | 0.27% | 324,480 | $90.6M | Add +3.2% |
| VZ Verizon Communications Inc. | 0.27% | 2,075,782 | $89.8M | Add +0.8% |
| EVRG Evergy Inc. | 0.26% | 1,260,977 | $86.9M | Add +2.8% |
| SRE Sempra | 0.26% | 1,145,533 | $86.8M | Add +6.0% |
| SYY Sysco Corp. | 0.26% | 1,144,969 | $86.7M | Add +4.1% |
| MNST Monster Beverage Corp. | 0.26% | 1,380,946 | $86.5M | Add +3.0% |
| DASH DoorDash Inc. Class A | 0.26% | 349,504 | $86.2M | Add +371.7% |
| KO The Coca-Cola Co. | 0.26% | 1,217,613 | $86.1M | Add +2.6% |
| AEP American Electric Power | 0.26% | 824,135 | $85.5M | Add +3.3% |
| BA The Boeing Co. | 0.25% | 404,340 | $84.7M | Add +6.0% |
| PPL PPL Corp. | 0.25% | 2,492,080 | $84.5M | Add +2.4% |
| ADM Archer-Daniels-Midland Co. | 0.25% | 1,590,341 | $83.9M | Add +9.2% |
| BKR Baker Hughes Co. | 0.25% | 2,189,170 | $83.9M | Add +3.2% |
| NUE Nucor Corp. | 0.25% | 645,638 | $83.6M | Add +10.0% |
| CMCSA Comcast Corp. Class A | 0.25% | 2,293,159 | $81.8M | Add +8.9% |
| KMI Kinder Morgan Inc. | 0.24% | 2,776,082 | $81.6M | Add +0.8% |
| ES Eversource Energy | 0.24% | 1,248,537 | $79.4M | Add +8.2% |
| VEEV Veeva Systems Inc. Class A | 0.24% | 275,650 | $79.4M | Add +4.1% |
| PGR Progressive Corp. | 0.24% | 294,627 | $78.6M | Add +8.4% |
| VRSK Verisk Analytics Inc. | 0.23% | 250,938 | $78.2M | Add +4.9% |
| VLO Valero Energy Corp. | 0.23% | 577,850 | $77.7M | Add +6.1% |
| SCI Service Corp. International | 0.23% | 937,000 | $76.3M | Add +1.1% |
| PNW Pinnacle West Capital | 0.23% | 848,621 | $75.9M | Reduce -3.4% |
| EW Edwards Lifesciences Corp. | 0.22% | 949,908 | $74.3M | Add +3.8% |
| TMUS T-Mobile US Inc. | 0.22% | 309,419 | $73.7M | Add +5.8% |
| PYPL PayPal Holdings Inc. | 0.22% | 985,056 | $73.2M | Add +5.1% |
| MAS Masco Corp. | 0.21% | 1,101,574 | $70.9M | Add +6.0% |
Portfolio Sells Q1 2025 → Q2 2025
| IAU iShares Gold Trust | Reduce -54.6% | 1.13% | −1.43 |
| VNQI Vanguard GLBL Ex-US Real Est | Reduce -18.5% | 1.89% | −0.32 |
| PBUS Invesco MSCI USA ETF | Reduce -95.7% | 0.01% | −0.27 |
| UBER Uber Technologies Inc. | Reduce -93.7% | 0.02% | −0.21 |
| MGM MGM Resorts International | Reduce -98.2% | 0.00% | −0.15 |
| SHW The Sherwin-Williams Co. | Reduce -16.3% | 0.29% | −0.09 |
| ESGD iShares Trust iShares ESG Aw | Reduce -3.6% | 1.51% | −0.05 |
| IJR iShares Core S&P Small-Cap E | Reduce -70.5% | 0.02% | −0.05 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.05 |
| PNW Pinnacle West Capital | Reduce -3.4% | 0.23% | −0.05 |
| FUL H.B. Fuller Co. | Reduce -98.4% | 0.00% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -34.9% | 0.05% | −0.04 |
| ADBE Adobe Inc. | Reduce -86.4% | 0.00% | −0.02 |
| VDC Vanguard Consumer Staple ETF | Reduce -1.3% | 0.14% | −0.01 |
| VPU Vanguard Utilities ETF | Reduce -1.3% | 0.20% | −0.01 |
| ITOT iShares Core S&P Total U.S. | Reduce -15.9% | 0.05% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -3.4% | 0.05% | −0.01 |
| NFLX Netflix Inc. | Reduce -25.0% | 0.59% | −0.01 |
| ED Consolidated Edison Inc. | Reduce -0.9% | 0.03% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -2.8% | 0.49% | −0.01 |
| BKNG Booking Holdings Inc. | Reduce -19.9% | 0.07% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -10.7% | 0.03% | −0.01 |
| TJX TJX Companies Inc. | Reduce -2.5% | 0.05% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -12.9% | 0.04% | −0.00 |
| BND Vanguard Total Bond Market | Reduce -75.3% | 0.00% | −0.00 |
| XEL Xcel Energy Inc. | Reduce -0.6% | 0.03% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Reduce -38.6% | 0.01% | −0.00 |
| SANM Sanmina Corp. | Reduce -65.9% | 0.00% | −0.00 |
| AGG iShares Core U.S. Aggregate | Reduce -8.3% | 0.02% | −0.00 |
| TFC Truist Financial Corp. | Reduce -78.4% | 0.00% | −0.00 |
| FERG Ferguson Enterprises Inc. | Sold out | 0.00% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce -7.1% | 0.05% | −0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -10.6% | 0.02% | −0.00 |
| IEMG iShares Core MSCI Emerging | Reduce -20.0% | 0.01% | −0.00 |
| NWE Northwestern Energy Group Inc. | Sold out | 0.00% | −0.00 |
| SCHX Schwab US Large-Cap ETF | Reduce -34.1% | 0.00% | −0.00 |
| GBCI Glacier Bancorp Inc. | Reduce -64.4% | 0.00% | −0.00 |
| CRL Charles River Laboratories | Reduce -59.9% | 0.00% | −0.00 |
| TWLO Twilio Inc. Class A | Reduce -46.4% | 0.00% | −0.00 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -4.4% | 0.06% | −0.00 |
| KR Kroger Co. | Reduce -0.8% | 0.04% | −0.00 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -23.5% | 0.00% | −0.00 |
| MDB Mongodb Inc. | Reduce -15.3% | 0.02% | −0.00 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -42.8% | 0.00% | −0.00 |
| XLB SS Materials Select Sector | Sold out | 0.00% | −0.00 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.00 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.00 |
| DE Deere & Co. | Reduce -1.8% | 0.04% | −0.00 |
| VXF Vanguard Extended Market ETF | Reduce -13.8% | 0.01% | −0.00 |
| ELV Elevance Health Inc. | Reduce -5.6% | 0.00% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| GLDM SPDR Gold Minishares Trust | New | 1.01% | +1.01 |
| SCHA Schwab US Small-Cap ETF | Add +26.7% | 2.53% | +0.52 |
| NVDA Nvidia Corp. | Add +18.8% | 1.38% | +0.51 |
| MSFT Microsoft Corp. | Add +4.5% | 1.40% | +0.30 |
| AMZN Amazon.com Inc. | Add +21.6% | 1.25% | +0.28 |
| IWM iShares Russell 2000 ETF | Add +5.8% | 5.57% | +0.27 |
| DASH DoorDash Inc. Class A | Add +371.7% | 0.26% | +0.21 |
| CEG Constellation Energy | Add +57.5% | 0.31% | +0.18 |
| META Meta Platforms Inc. Class A | Add +3.0% | 1.00% | +0.17 |
| SNOW Snowflake Inc. | New | 0.16% | +0.16 |
| AVGO Broadcom Inc. | Add +15.3% | 0.36% | +0.15 |
| VSS Vanguard Ftse All Wo X-US SC | Add +1.0% | 1.97% | +0.14 |
| TSLA Tesla Inc. | Add +12.9% | 0.61% | +0.13 |
| GOOG Alphabet Inc. Class C | Add +5.1% | 1.16% | +0.10 |
| VMC Vulcan Materials Co. | Add +303.3% | 0.13% | +0.10 |
| DIS The Walt Disney Co. | Add +4.2% | 0.53% | +0.09 |
| VWO Vanguard Ftse Emerging Marke | Add +1.3% | 5.12% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +2.9% | 0.72% | +0.07 |
| DLTR Dollar Tree Inc. | Add +13.0% | 0.28% | +0.07 |
| KKR KKR & Co. Inc. | Add +52.1% | 0.18% | +0.07 |
| TGT Target Corp. | Add +78.3% | 0.19% | +0.07 |
| IBKR Interactive Brokers Gro Class A | Add +3.1% | 0.31% | +0.06 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.0% | 1.46% | +0.06 |
| BA The Boeing Co. | Add +6.0% | 0.25% | +0.04 |
| VEEV Veeva Systems Inc. Class A | Add +4.1% | 0.24% | +0.04 |
| LHX L3HARRIS Technologies Inc. | Add +3.3% | 0.30% | +0.04 |
| CAT Caterpillar Inc. | Add +3.6% | 0.31% | +0.03 |
| ORCL Oracle Corp. | Add +251.1% | 0.04% | +0.03 |
| CMG Chipotle Mexican Grill Inc. | Add +8.7% | 0.30% | +0.03 |
| WMT Walmart Inc. | Add +1.0% | 0.77% | +0.02 |
| ADM Archer-Daniels-Midland Co. | Add +9.2% | 0.25% | +0.02 |
| EBND State Street SPDR Bloomberg | Add +3.8% | 1.55% | +0.02 |
| SCCO Southern Copper Corp. | Add +8.4% | 0.30% | +0.02 |
| NKE Nike Inc. Class B | Add +10.1% | 0.17% | +0.02 |
| NUE Nucor Corp. | Add +10.0% | 0.25% | +0.02 |
| BSX Boston Scientific Corp. | Add +188.9% | 0.03% | +0.02 |
| PYPL PayPal Holdings Inc. | Add +5.1% | 0.22% | +0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +902.4% | 0.02% | +0.02 |
| FCX Freeport-McMoran Inc. | Add +4.7% | 0.19% | +0.02 |
| VCR Vanguard Consumer Discre ETF | Add +50.3% | 0.04% | +0.02 |
| BAC Bank of America Corp. | Add +1.2% | 0.28% | +0.01 |
| GVA Granite Construction Inc. | Add +2.0% | 0.07% | +0.01 |
| HON Honeywell International Inc. | Add +1.7% | 0.35% | +0.01 |
| SRE Sempra | Add +6.0% | 0.26% | +0.01 |
| WMB Williams Cos Inc. | Add +8.8% | 0.17% | +0.01 |
| ISRG Intuitive Surgical Inc. | Add +142.1% | 0.01% | +0.01 |
| ORA Ormat Technologies Inc. | Add +4.1% | 0.06% | +0.01 |
| EW Edwards Lifesciences Corp. | Add +3.8% | 0.22% | +0.01 |
| ESGU iShares ESG Aware MSCI USA | Add +0.2% | 0.28% | +0.01 |
| FTNT Fortinet Inc. | Add +0.8% | 0.33% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 532 | $41.9B | SCHF, IWM, VWO, BSV, VNQ |
| Q1 2026 | 510 | $38.5B | SCHF, IWM, VWO, BSV, VNQ |
| Q4 2025 | 501 | $37.0B | SCHF, IWM, VWO, BSV, VNQ |
| Q3 2025 | 528 | $36.1B | SCHF, IWM, VWO, BSV, VNQ |
| Q2 2025 | 497 | $33.4B | SCHF, IWM, VWO, BSV, VNQ |
| Q1 2025 | 495 | $30.6B | SCHF, IWM, VWO, BSV, VNQ |
| Q4 2024 | 498 | $29.7B | SCHF, IWM, VWO, BSV, VNQ |
| Q3 2024 | 502 | $29.6B | SCHF, IWM, VWO, BSV, VNQ |
| Q2 2024 | 490 | $26.9B | SCHF, IWM, VWO, BSV, VNQ |
| Q1 2024 | 495 | $26.7B | SCHF, IWM, VWO, BSV, VNQ |