Empower Advisory Group, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Empower Advisory Group, LLC reported 528 stock positions worth $36.1 billion. Its top holding was Schwab Intl Equity ETF (SCHF) at 12.0% of the portfolio, followed by iShares Russell 2000 ETF (IWM, 5.8%) and Vanguard Ftse Emerging Marke (VWO, 5.2%). Compared with Q2 2025, it opened 52 new positions, sold out of 21, added to 285 and reduced 146. The biggest buy was RTX (RTX, shares +8295%) and the biggest sale Service Corp. International (SCI, shares −98%).

Most Recent 13F
Q2 2026
Location
Greenwood Village, CO
CIK
0001978885
Portfolio Value
$36.1B (Q3 2025)
SEC Filing
0001420506-25-003276 ↗ filed Nov 14, 2025

Holdings Value

0$10.0B$20.0B$30.0B$40.0B$50.0B Q1 2024: $26.7B Q1 2024 Q2 2024: $26.9B Q2 2024 Q3 2024: $29.6B Q3 2024 Q4 2024: $29.7B Q4 2024 Q1 2025: $30.6B Q1 2025 Q2 2025: $33.4B Q2 2025 Q3 2025: $36.1B $36.1B Q3 2025 Q4 2025: $37.0B Q4 2025 Q1 2026: $38.5B Q1 2026 Q2 2026: $41.9B Q2 2026

Holdings 528 stocks · $36.1B

SCHF Schwab Intl Equity ETF 12.03% 186,455,668 $4.3B Add +1.3%
IWM iShares Russell 2000 ETF 5.78% 8,616,693 $2.1B Reduce 0.0%
VWO Vanguard Ftse Emerging Marke 5.25% 34,952,027 $1.9B Add +1.2%
BSV Vanguard Short-Term Bond ETF 4.27% 19,531,340 $1.5B Add +7.9%
VNQ Vanguard Real Estate ETF 3.81% 15,016,360 $1.4B Add +4.0%
SCHP Schwab U.S. Tips ETF 3.41% 45,603,651 $1.2B Add +6.9%
VGIT Vanguard Intermediate-Term T 3.40% 20,427,266 $1.2B Add +7.1%
SCHA Schwab US Small-Cap ETF 2.65% 34,204,530 $954.3M Add +2.3%
USIG iShares Broad Usd Investment 2.54% 17,550,488 $916.5M Add +6.3%
VGLT Vanguard Long-Term Treasury 2.11% 13,394,103 $761.6M Add +7.3%
VSS Vanguard Ftse All Wo X-US SC 1.96% 4,952,681 $706.0M Add +1.0%
VNQI Vanguard GLBL Ex-US Real Est 1.84% 13,868,529 $662.1M Add +1.6%
AAPL Apple Inc. 1.52% 2,152,177 $548.0M Add +0.3%
NVDA Nvidia Corp. 1.51% 2,914,133 $543.7M Reduce -0.2%
EBND State Street SPDR Bloomberg 1.49% 25,120,320 $536.6M Add +4.0%
GOOG Alphabet Inc. Class C 1.47% 2,171,647 $528.9M Reduce -0.3%
ESGD iShares Trust iShares ESG Aw 1.45% 5,614,910 $522.1M Reduce -0.6%
VTI VG Morningstar TS MKT ETF-US 1.42% 1,561,820 $512.5M Reduce -2.3%
MSFT Microsoft Corp. 1.35% 943,282 $488.6M Add +0.7%
SHYG iShares 0-5 YR HY Corp. Bond 1.24% 10,290,517 $445.6M Add +6.2%
PDBC Invesco Optimum Yield Divers 1.22% 32,820,036 $440.8M Add +4.3%
GLDM SPDR Gold Minishares Trust 1.20% 5,655,394 $432.4M Add +10.3%
IAU iShares Gold Trust 1.18% 5,871,070 $427.2M Reduce -2.6%
AMZN Amazon.com Inc. 1.17% 1,928,546 $423.5M Add +1.0%
BNDX Vanguard Total Intl Bond ETF 1.06% 7,701,370 $380.9M Add +4.9%
META Meta Platforms Inc. Class A 0.94% 460,417 $338.1M Add +1.7%
TSLA Tesla Inc. 0.81% 658,850 $293.0M Add +2.5%
WMT Walmart Inc. 0.76% 2,671,167 $275.3M Add +1.2%
JPM JPMorgan Chase & Co. 0.73% 838,525 $264.5M Add +1.3%
BRK.B Berkshire Hathaway Inc. Class B 0.71% 508,510 $255.6M Add +2.4%
ESGE iShares Inc. iShares ESG Awar 0.66% 5,519,640 $239.7M Reduce -1.1%
MA Mastercard Inc. Class A 0.59% 374,588 $213.1M Add +1.6%
XOM Exxon Mobil Corp. 0.53% 1,687,422 $190.3M Add +3.6%
LLY Eli Lilly & Co. 0.52% 245,596 $187.4M Add +8.7%
NFLX Netflix Inc. 0.49% 148,803 $178.4M Add +0.8%
IWB iShares Russell 1000 ETF 0.47% 466,953 $170.7M Reduce -2.5%
COST Costco Wholesale Corp. 0.47% 181,605 $168.1M Add +1.8%
JNJ Johnson & Johnson 0.46% 895,199 $166.0M Add +2.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.46% 1,449,382 $166.0M Add +1.2%
ECL Ecolab Inc. 0.46% 603,902 $165.4M Add +1.4%
DUK Duke Energy Corp. 0.44% 1,284,436 $158.9M Add +2.4%
NEE Nextera Energy Inc. 0.43% 2,053,905 $155.0M Add +2.7%
NEM Newmont Corp. 0.43% 1,831,564 $154.4M Reduce -0.9%
PG The Procter & Gamble Co. 0.40% 941,503 $144.7M Add +3.0%
AVGO Broadcom Inc. 0.40% 436,333 $144.0M Add +0.7%
SO The Southern Co. 0.39% 1,502,015 $142.3M Add +2.1%
HD Home Depot Inc. 0.39% 349,119 $141.5M Add +2.6%
LIN Linde PLC 0.37% 282,140 $134.0M Add +3.9%
PFE Pfizer Inc. 0.36% 5,035,341 $128.3M Add +3.9%
CAT Caterpillar Inc. 0.35% 267,696 $127.7M Add +0.7%
CVX Chevron Corp. 0.35% 819,939 $127.3M Add +3.1%
IBKR Interactive Brokers Gro Class A 0.35% 1,845,680 $127.0M Reduce -0.1%
LHX L3HARRIS Technologies Inc. 0.34% 406,985 $124.3M Add +1.6%
ABT Abbott Laboratories 0.34% 927,566 $124.2M Add +1.0%
UNH Unitedhealth Group Inc. 0.34% 355,915 $122.9M Add +2.0%
SCCO Southern Copper Corp. 0.34% 1,005,640 $122.0M Add +2.6%
GS Goldman Sachs Group Inc. 0.33% 150,419 $119.8M Reduce -0.8%
DASH DoorDash Inc. Class A 0.32% 430,578 $117.1M Add +23.2%
ABBV Abbvie Inc. 0.32% 504,268 $116.8M Add +1.6%
T AT&T Inc. 0.32% 4,115,666 $116.2M Add +1.2%
CEG Constellation Energy 0.30% 331,036 $108.9M Add +2.4%
BKR Baker Hughes Co. 0.30% 2,220,398 $108.2M Add +1.4%
APD Air Products & Chemicals Inc. 0.30% 393,188 $107.2M Reduce -15.6%
HON Honeywell International Inc. 0.29% 505,133 $106.3M Add +1.4%
SRE Sempra 0.29% 1,176,217 $105.8M Add +2.7%
WM Waste Management Inc. 0.29% 472,873 $104.4M Add +2.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.29% 2,001,816 $103.3M Add +0.7%
SBUX Starbucks Corp. 0.28% 1,208,880 $102.3M Reduce -17.7%
VLO Valero Energy Corp. 0.28% 592,301 $100.8M Add +2.5%
ESGU iShares ESG Aware MSCI USA 0.28% 682,386 $99.4M Reduce -1.7%
ITW Illinois Tool Works 0.27% 380,207 $99.1M Add +2.6%
SHW The Sherwin-Williams Co. 0.27% 281,439 $97.5M Add +1.1%
ADM Archer-Daniels-Midland Co. 0.27% 1,630,009 $97.4M Add +2.5%
MNST Monster Beverage Corp. 0.26% 1,412,483 $95.1M Add +2.3%
AEP American Electric Power 0.26% 841,751 $94.7M Add +2.1%
PPL PPL Corp. 0.26% 2,544,527 $94.6M Add +2.1%
AMGN Amgen Inc. 0.26% 332,548 $93.8M Add +2.5%
VZ Verizon Communications Inc. 0.26% 2,103,604 $92.5M Add +1.3%
SYY Sysco Corp. 0.25% 1,109,581 $91.4M Reduce -3.1%
UPS United Parcel Service Class B 0.25% 1,081,228 $90.3M Reduce -6.3%
NUE Nucor Corp. 0.25% 664,730 $90.0M Add +3.0%
BA The Boeing Co. 0.25% 412,011 $88.9M Add +1.9%
ES Eversource Energy 0.25% 1,249,266 $88.9M Add +0.1%
DLTR Dollar Tree Inc. 0.25% 941,585 $88.9M Add +1.4%
CRM Salesforce Inc. 0.24% 368,981 $87.4M Reduce -1.1%
FTNT Fortinet Inc. 0.23% 1,000,857 $84.2M Reduce -2.5%
VEEV Veeva Systems Inc. Class A 0.23% 280,621 $83.6M Add +1.8%
KO The Coca-Cola Co. 0.23% 1,251,324 $83.0M Add +2.8%
EVRG Evergy Inc. 0.22% 1,055,614 $80.2M Reduce -16.3%
MAS Masco Corp. 0.22% 1,135,051 $79.9M Add +3.0%
DD Dupont DE Nemours Inc. 0.22% 1,023,639 $79.7M Add +0.5%
KMI Kinder Morgan Inc. 0.22% 2,795,971 $79.2M Add +0.7%
PNW Pinnacle West Capital 0.21% 862,418 $77.3M Add +1.6%
TMUS T-Mobile US Inc. 0.21% 321,430 $76.9M Add +3.9%
PGR Progressive Corp. 0.21% 304,616 $75.2M Add +3.4%
EW Edwards Lifesciences Corp. 0.21% 962,704 $74.9M Add +1.4%
RTX RTX Corp. 0.20% 440,061 $73.6M Add +8294.9%
COP Conocophillips 0.20% 777,353 $73.5M Add +3.7%
MTCH Match Group Inc. 0.20% 2,064,381 $72.9M Add +2.0%
ALB Albemarle Corp. 0.20% 886,771 $71.9M Add +2.3%

Show all 528 holdings

Portfolio Sells Q2 2025 → Q3 2025

SCI Service Corp. International Reduce -98.3% 0.00% −0.22
POOL Pool Corp. Reduce -98.4% 0.00% −0.18
KVUE Kenvue Inc. Reduce -97.7% 0.00% −0.16
SBUX Starbucks Corp. Reduce -17.7% 0.28% −0.12
UPS United Parcel Service Class B Reduce -6.3% 0.25% −0.10
APD Air Products & Chemicals Inc. Reduce -15.6% 0.30% −0.10
FTNT Fortinet Inc. Reduce -2.5% 0.23% −0.09
ESGD iShares Trust iShares ESG Aw Reduce -0.6% 1.45% −0.06
CRM Salesforce Inc. Reduce -1.1% 0.24% −0.06
RLI Rli Corp. Reduce -97.4% 0.00% −0.05
CMCSA Comcast Corp. Class A Reduce -0.6% 0.20% −0.05
EVRG Evergy Inc. Reduce -16.3% 0.22% −0.04
VTI VG Morningstar TS MKT ETF-US Reduce -2.3% 1.42% −0.03
MSCI MSCI Inc. Reduce -96.8% 0.00% −0.03
TREX Trex Company Inc. Sold out 0.00% −0.02
MAR Marriott International Class A Reduce -23.1% 0.03% −0.02
IWB iShares Russell 1000 ETF Reduce -2.5% 0.47% −0.01
CL Colgate-Palmolive Co. Reduce -11.2% 0.03% −0.01
BKNG Booking Holdings Inc. Reduce -3.3% 0.06% −0.01
NOW ServiceNow Inc. Reduce -91.0% 0.00% −0.01
PEG Public Service Enterprise GP Reduce -14.5% 0.03% −0.01
DE Deere & Co. Reduce -0.5% 0.04% −0.01
UBER Uber Technologies Inc. Reduce -41.8% 0.01% −0.01
RS Reliance Inc. Reduce -0.6% 0.03% −0.01
SYY Sysco Corp. Reduce -3.1% 0.25% −0.01
ESGU iShares ESG Aware MSCI USA Reduce -1.7% 0.28% −0.01
VAW Vanguard Materials ETF Reduce -0.2% 0.20% −0.01
KR Kroger Co. Reduce -0.6% 0.03% −0.00
SPAB SS SPDR P Agg Bond ETF Reduce -47.5% 0.00% −0.00
ISRG Intuitive Surgical Inc. Reduce -15.7% 0.01% −0.00
PBUS Invesco MSCI USA ETF Reduce -33.7% 0.01% −0.00
GIS General Mills Inc. Reduce -9.4% 0.02% −0.00
INTU Intuit Inc. Reduce -0.4% 0.02% −0.00
PEP Pepsico Inc. Reduce -0.1% 0.18% −0.00
VB Vanguard Most SM-Cap ETF-Usd Reduce -10.7% 0.02% −0.00
VPU Vanguard Utilities ETF Reduce -0.9% 0.20% −0.00
AGG iShares Core U.S. Aggregate Reduce -9.9% 0.01% −0.00
VIS Vanguard Industrials ETF Reduce -1.3% 0.07% −0.00
SCHB Schwab US Broad Market ETF Reduce -5.7% 0.03% −0.00
EGBN Eagle Bancorp Inc. Sold out 0.00% −0.00
MGM MGM Resorts International Reduce -64.6% 0.00% −0.00
SCHW Schwab (charles) Corp. Reduce -1.1% 0.04% −0.00
VEU Vanguard Ftse All-World Ex-U Reduce -1.5% 0.05% −0.00
CHTR Charter Communications Inc. Class A Sold out 0.00% −0.00
IJR iShares Core S&P Small-Cap E Reduce -8.9% 0.02% −0.00
MCK McKesson Corp. Reduce -47.0% 0.00% −0.00
CHMG Chemung Financial Corp. Reduce -54.1% 0.00% −0.00
DFUS Dimensional US Eq MKT ETF Reduce -52.9% 0.00% −0.00
IBM Intl Business Machines Corp. Reduce -1.3% 0.01% −0.00
CSCO Cisco Systems Inc. Reduce -2.7% 0.01% −0.00

Portfolio Buys Q2 2025 → Q3 2025

RTX RTX Corp. Add +8294.9% 0.20% +0.20
AAPL Apple Inc. Add +0.3% 1.52% +0.20
TSLA Tesla Inc. Add +2.5% 0.81% +0.20
GLDM SPDR Gold Minishares Trust Add +10.3% 1.20% +0.19
VST Vistra Corp. New 0.17% +0.17
VWO Vanguard Ftse Emerging Marke Add +1.2% 5.25% +0.13
SCHA Schwab US Small-Cap ETF Add +2.3% 2.65% +0.11
KMB Kimberly-Clark Corp. Add +8163.4% 0.11% +0.11
DASH DoorDash Inc. Class A Add +23.2% 0.32% +0.07
DKNG Draftkings Inc. Class A New 0.06% +0.06
JNJ Johnson & Johnson Add +2.1% 0.46% +0.06
BKR Baker Hughes Co. Add +1.4% 0.30% +0.05
ABBV Abbvie Inc. Add +1.6% 0.32% +0.05
VLO Valero Energy Corp. Add +2.5% 0.28% +0.05
CAT Caterpillar Inc. Add +0.7% 0.35% +0.05
LHX L3HARRIS Technologies Inc. Add +1.6% 0.34% +0.04
VMC Vulcan Materials Co. Add +21.6% 0.17% +0.04
SCCO Southern Copper Corp. Add +2.6% 0.34% +0.04
AVGO Broadcom Inc. Add +0.7% 0.40% +0.04
ALB Albemarle Corp. Add +2.3% 0.20% +0.04
SRE Sempra Add +2.7% 0.29% +0.03
BLK BlackRock Inc. Add +1366.4% 0.03% +0.03
AES AES Corp. Add +2.4% 0.18% +0.03
APP AppLovin Corp. Class A Add +1691.9% 0.03% +0.03
GEV GE Vernova Inc. Add +2842.7% 0.03% +0.03
ADM Archer-Daniels-Midland Co. Add +2.5% 0.27% +0.02
HD Home Depot Inc. Add +2.6% 0.39% +0.02
MTCH Match Group Inc. Add +2.0% 0.20% +0.01
UNH Unitedhealth Group Inc. Add +2.0% 0.34% +0.01
SPYM Ste STR SPDR PT S&P 500 ETF Add +69.9% 0.03% +0.01
JPM JPMorgan Chase & Co. Add +1.3% 0.73% +0.01
GOOGL Alphabet Inc. Class A Add +1.1% 0.06% +0.01
NEE Nextera Energy Inc. Add +2.7% 0.43% +0.01
VGLT Vanguard Long-Term Treasury Add +7.3% 2.11% +0.01
DD Dupont DE Nemours Inc. Add +0.5% 0.22% +0.01
CVX Chevron Corp. Add +3.1% 0.35% +0.01
ORCL Oracle Corp. Add +4.0% 0.05% +0.01
PPL PPL Corp. Add +2.1% 0.26% +0.01
MAS Masco Corp. Add +3.0% 0.22% +0.01
ES Eversource Energy Add +0.1% 0.25% +0.01
AEP American Electric Power Add +2.1% 0.26% +0.01
GVA Granite Construction Inc. Add +0.5% 0.08% +0.01
QQQ Invesco QQQ Trust Series 1 Add +21.3% 0.03% +0.01
MDB Mongodb Inc. Add +0.0% 0.02% +0.01
BSV Vanguard Short-Term Bond ETF Add +7.9% 4.27% +0.01
ORA Ormat Technologies Inc. Add +1.7% 0.06% +0.00
BAC Bank of America Corp. Add +0.7% 0.29% +0.00
MNST Monster Beverage Corp. Add +2.3% 0.26% +0.00
PFE Pfizer Inc. Add +3.9% 0.36% +0.00
XEL Xcel Energy Inc. Add +0.7% 0.03% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 532$41.9BSCHF, IWM, VWO, BSV, VNQ
Q1 2026 510$38.5BSCHF, IWM, VWO, BSV, VNQ
Q4 2025 501$37.0BSCHF, IWM, VWO, BSV, VNQ
Q3 2025 528$36.1BSCHF, IWM, VWO, BSV, VNQ
Q2 2025 497$33.4BSCHF, IWM, VWO, BSV, VNQ
Q1 2025 495$30.6BSCHF, IWM, VWO, BSV, VNQ
Q4 2024 498$29.7BSCHF, IWM, VWO, BSV, VNQ
Q3 2024 502$29.6BSCHF, IWM, VWO, BSV, VNQ
Q2 2024 490$26.9BSCHF, IWM, VWO, BSV, VNQ
Q1 2024 495$26.7BSCHF, IWM, VWO, BSV, VNQ