Empowered Funds, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Empowered Funds, LLC reported 1,746 stock positions worth $8.8 billion. Its top holding was Nvidia (NVDA) at 2.2% of the portfolio, followed by Microsoft (MSFT, 2.0%) and Apple (AAPL, 1.5%). Compared with Q1 2025, it opened 260 new positions, sold out of 128, added to 1,041 and reduced 428. The biggest buy was Microsoft (MSFT, shares +70%) and the biggest sale an exit from Vanguard Short-Term Tips (VTIP).
- Most Recent 13F
- Q2 2026
- Location
- NEWTOWN SQUARE, PA
- CIK
- 0001592828
- Portfolio Value
- $8.8B (Q2 2025)
- SEC Filing
- 0001592828-25-000009 ↗ filed Aug 11, 2025
Holdings Value
Holdings 1,746 stocks · $8.8B
| NVDA Nvidia Corp. | 2.20% | 1,231,836 | $194.6M | Add +29.9% |
| MSFT Microsoft Corp. | 2.04% | 361,934 | $180.0M | Add +70.4% |
| AAPL Apple Inc. | 1.53% | 657,753 | $135.0M | Add +38.0% |
| VEA Vanguard Ftse Developed ETF | 1.28% | 1,983,512 | $113.1M | Add +1.4% |
| XOM Exxon Mobil Corp. | 1.27% | 1,038,632 | $112.0M | Add +5.1% |
| AVUV Avantis US Small Cap Value | 1.16% | 1,129,106 | $102.9M | Add +11.6% |
| IDEV iShares Core MSCI Dev MKTS | 1.13% | 1,313,439 | $99.9M | Reduce -8.5% |
| AMZN Amazon.com Inc. | 1.09% | 438,375 | $96.2M | Add +60.1% |
| CVX Chevron Corp. | 1.04% | 640,462 | $91.7M | Add +3.3% |
| AVGO Broadcom Inc. | 1.02% | 325,917 | $89.8M | Add +23.1% |
| META Meta Platforms Inc. Class A | 0.94% | 112,427 | $83.0M | Add +18.5% |
| VWO Vanguard Ftse Emerging Marke | 0.78% | 1,389,256 | $68.7M | Add +4.8% |
| JPM JPMorgan Chase & Co. | 0.71% | 215,924 | $62.6M | Add +23.1% |
| GOOGL Alphabet Inc. Class A | 0.68% | 341,065 | $60.1M | Add +19.2% |
| NFLX Netflix Inc. | 0.64% | 42,000 | $56.2M | Add +115.8% |
| AVDV Avantis Intl S/C Value ETF | 0.59% | 657,690 | $52.1M | Reduce -8.1% |
| AVRE Avantis Real Estate ETF | 0.56% | 1,124,974 | $49.7M | Reduce -6.3% |
| QCOM Qualcomm Inc. | 0.56% | 309,360 | $49.3M | Add +15.9% |
| BOXX Alpha Architect 1-3 MNTH Box | 0.55% | 430,894 | $48.6M | Add +73.2% |
| CSCO Cisco Systems Inc. | 0.52% | 658,670 | $45.7M | Add +35.9% |
| PG The Procter & Gamble Co. | 0.49% | 273,355 | $43.6M | Add +48.8% |
| AVES Avantis Emerging Markets Val | 0.48% | 785,886 | $42.1M | Reduce -1.3% |
| FOXA Fox Corp. Class A | 0.45% | 712,628 | $39.9M | Add +112.8% |
| EOG EOG Resources Inc. | 0.45% | 331,239 | $39.6M | Add +49.8% |
| JNJ Johnson & Johnson | 0.43% | 250,878 | $38.3M | Add +19.6% |
| MRK Merck & Co. Inc. | 0.42% | 472,869 | $37.4M | Reduce -5.6% |
| GOOG Alphabet Inc. Class C | 0.42% | 207,499 | $36.8M | Add +73.8% |
| MA Mastercard Inc. Class A | 0.42% | 65,286 | $36.7M | Add +74.8% |
| HWM Howmet Aerospace Inc. | 0.41% | 196,388 | $36.6M | Add +74.4% |
| TSLA Tesla Inc. | 0.41% | 113,592 | $36.1M | Add +18.6% |
| V Visa Inc. Class A | 0.41% | 101,434 | $36.0M | Add +18.8% |
| TPR Tapestry Inc. | 0.39% | 396,349 | $34.8M | Add +143.4% |
| ELV Elevance Health Inc. | 0.39% | 88,429 | $34.4M | Add +440.7% |
| ORCL Oracle Corp. | 0.39% | 155,895 | $34.1M | Add +40.1% |
| LLY Eli Lilly & Co. | 0.38% | 43,344 | $33.8M | Add +25.9% |
| MPC Marathon Petroleum Corp. | 0.38% | 200,599 | $33.3M | Add +3.2% |
| BKNG Booking Holdings Inc. | 0.38% | 5,733 | $33.2M | Add +169.7% |
| FTNT Fortinet Inc. | 0.37% | 310,985 | $32.9M | Reduce -6.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.37% | 67,033 | $32.6M | Add +35.6% |
| THC Tenet Healthcare Corp. | 0.37% | 184,268 | $32.4M | Add +19.1% |
| HD Home Depot Inc. | 0.36% | 87,809 | $32.2M | Add +16.0% |
| IDCC Interdigital Inc. | 0.36% | 143,406 | $32.2M | Add +303.1% |
| COP Conocophillips | 0.36% | 355,820 | $31.9M | Add +1.9% |
| MCK McKesson Corp. | 0.36% | 43,207 | $31.7M | Add +28.6% |
| VZ Verizon Communications Inc. | 0.36% | 729,975 | $31.6M | Add +13.6% |
| KLAC KLA Corp. | 0.35% | 34,414 | $30.8M | Add +8.3% |
| WMT Walmart Inc. | 0.34% | 307,989 | $30.1M | Add +23.1% |
| LNG Cheniere Energy Inc. | 0.34% | 122,138 | $29.7M | Add +416.2% |
| CAT Caterpillar Inc. | 0.33% | 75,933 | $29.5M | Add +32.1% |
| PLTR Palantir Technologies Inc. Class A | 0.33% | 212,383 | $29.0M | Add +158.3% |
| AMGN Amgen Inc. | 0.33% | 102,898 | $28.7M | Add +26.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.32% | 96,395 | $28.4M | Add +85.8% |
| SCHR Schwab Intermediate-Term US | 0.32% | 1,134,319 | $28.3M | Add +192.9% |
| COST Costco Wholesale Corp. | 0.32% | 28,409 | $28.1M | Add +70.9% |
| PSX Phillips 66 | 0.32% | 234,254 | $27.9M | Add +52.0% |
| UNH Unitedhealth Group Inc. | 0.31% | 89,029 | $27.8M | Add +103.7% |
| STIP iShares 0-5 Year Tips Bond E | 0.31% | 264,684 | $27.2M | Add +2.2% |
| CI The Cigna Group | 0.31% | 81,600 | $27.0M | Add +38.2% |
| VLO Valero Energy Corp. | 0.30% | 196,429 | $26.4M | Reduce -8.3% |
| APH Amphenol Corp. Class A | 0.30% | 266,460 | $26.3M | Add +13.4% |
| LRCX Lam Research Corp. | 0.29% | 261,016 | $25.4M | Add +39.2% |
| GILD Gilead Sciences Inc. | 0.28% | 220,129 | $24.4M | Add +0.3% |
| FIX Comfort Systems USA Inc. | 0.28% | 45,483 | $24.4M | Add +33.8% |
| AMD Advanced Micro Devices | 0.28% | 171,312 | $24.3M | Add +81.7% |
| HALO Halozyme Therapeutics Inc. | 0.27% | 466,603 | $24.3M | Add +3843.6% |
| MO Altria Group Inc. | 0.27% | 413,566 | $24.2M | Add +3.4% |
| NRG NRG Energy Inc. | 0.27% | 149,959 | $24.1M | Reduce -39.8% |
| MDLZ Mondelez International Inc. Class A | 0.27% | 354,275 | $23.9M | Add +294.2% |
| CTSH Cognizant Tech Solutions-A | 0.27% | 300,849 | $23.5M | Add +311.6% |
| ADSK Autodesk Inc. | 0.26% | 75,332 | $23.3M | Add +277.2% |
| CMCSA Comcast Corp. Class A | 0.26% | 646,392 | $23.1M | Reduce -13.3% |
| PM Philip Morris International | 0.26% | 126,039 | $23.0M | Reduce -21.2% |
| LMT Lockheed Martin Corp. | 0.25% | 48,375 | $22.4M | Add +19.8% |
| CNC Centene Corp. | 0.25% | 410,989 | $22.3M | Add +523.7% |
| ABBV Abbvie Inc. | 0.25% | 118,692 | $22.0M | Add +8.3% |
| APP AppLovin Corp. Class A | 0.25% | 62,161 | $21.8M | Add +848.9% |
| GE General Electric filed as GE AEROSPACE | 0.25% | 84,237 | $21.7M | Add +224.3% |
| CALM Cal-Maine Foods Inc. | 0.24% | 214,619 | $21.4M | Reduce -14.6% |
| AMAT Applied Materials Inc. | 0.24% | 115,241 | $21.1M | Reduce -14.6% |
| T AT&T Inc. | 0.24% | 725,744 | $21.0M | Add +52.6% |
| NEM Newmont Corp. | 0.24% | 358,975 | $20.9M | Reduce -18.3% |
| PEP Pepsico Inc. | 0.23% | 155,198 | $20.5M | Reduce -3.6% |
| MOH Molina Healthcare Inc. | 0.23% | 68,584 | $20.4M | Add +83.9% |
| EQT Eqt Corp. | 0.23% | 347,928 | $20.3M | Add +60.6% |
| MS Morgan Stanley | 0.23% | 142,299 | $20.0M | Add +78.5% |
| WFC Wells Fargo & Co. | 0.23% | 249,643 | $20.0M | Add +4.5% |
| JBL Jabil Inc. | 0.22% | 90,444 | $19.7M | Add +18.5% |
| SYF Synchrony Financial | 0.22% | 294,240 | $19.6M | Add +444.1% |
| ACN Accenture PLC Class A | 0.22% | 65,399 | $19.5M | Add +37.9% |
| TSCO Tractor Supply Company | 0.22% | 366,974 | $19.4M | Add +453.1% |
| ADI Analog Devices Inc. | 0.21% | 79,680 | $19.0M | Add +78.5% |
| EXEL Exelixis Inc. | 0.21% | 427,326 | $18.8M | Add +41.2% |
| DVN Devon Energy Corp. | 0.21% | 583,109 | $18.5M | Reduce -3.8% |
| KO The Coca-Cola Co. | 0.21% | 258,332 | $18.3M | Reduce -0.4% |
| UTHR United Therapeutics Corp. | 0.21% | 63,530 | $18.3M | Add +9.6% |
| OFG Ofg Bancorp | 0.20% | 421,742 | $18.1M | Add +210.9% |
| DHI D.R. Horton Inc. | 0.20% | 137,371 | $17.7M | Add +11.9% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.20% | 516,004 | $17.4M | Add +26.0% |
| YOU Clear Secure Inc. Class A | 0.20% | 625,480 | $17.4M | New |
| LOW Lowe's Cos Inc. | 0.19% | 77,204 | $17.1M | Add +40.6% |
Portfolio Sells Q1 2025 → Q2 2025
| VTIP Vanguard Short-Term Tips | Sold out | 0.00% | −0.45 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -8.5% | 1.13% | −0.28 |
| LTPZ PIMCO 15+ YR US Tips Indx | Sold out | 0.00% | −0.22 |
| MRK Merck & Co. Inc. | Reduce -5.6% | 0.42% | −0.22 |
| TGT Target Corp. | Reduce -71.2% | 0.06% | −0.21 |
| EME Emcor Group Inc. | Reduce -75.1% | 0.08% | −0.20 |
| CORT Corcept Therapeutics Inc. | Reduce -97.7% | 0.00% | −0.20 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -98.6% | 0.00% | −0.19 |
| FHI Federated Hermes Inc. | Reduce -84.5% | 0.03% | −0.17 |
| AVRE Avantis Real Estate ETF | Reduce -6.3% | 0.56% | −0.17 |
| HES Hess Corp. | Reduce -36.3% | 0.13% | −0.17 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -98.2% | 0.00% | −0.17 |
| GPOR Gulfport Energy Corp. | Reduce -83.2% | 0.03% | −0.16 |
| EMLC Vaneck JPM Em Local Curr BND | Reduce -61.0% | 0.07% | −0.15 |
| ECHO Echostar Corp. Class A | Sold out | 0.00% | −0.14 |
| BMY Bristol-Myers Squibb Co. | Reduce -25.9% | 0.11% | −0.14 |
| HAL Halliburton Co. | Reduce -92.3% | 0.01% | −0.14 |
| COMB Graniteshares Bcom Broad STR | Sold out | 0.00% | −0.14 |
| HRB H&R Block Inc. | Reduce -70.0% | 0.04% | −0.14 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -69.2% | 0.05% | −0.14 |
| LDOS Leidos Holdings Inc. | Reduce -47.4% | 0.13% | −0.13 |
| OSK Oshkosh Corp. | Reduce -75.7% | 0.04% | −0.13 |
| G Genpact Ltd. | Reduce -70.0% | 0.03% | −0.13 |
| CMCSA Comcast Corp. Class A | Reduce -13.3% | 0.26% | −0.13 |
| SPMO Invesco S&P 500 Momentum ETF | Sold out | 0.00% | −0.13 |
| FFIV F5 Inc. | Reduce -55.9% | 0.08% | −0.13 |
| OC Owens Corning | Reduce -57.5% | 0.06% | −0.13 |
| AVDV Avantis Intl S/C Value ETF | Reduce -8.1% | 0.59% | −0.12 |
| TOL Toll Brothers Inc. | Reduce -69.6% | 0.04% | −0.12 |
| UPS United Parcel Service Class B | Reduce -31.9% | 0.12% | −0.12 |
| LULU Lululemon Athletica Inc. | Reduce -91.9% | 0.01% | −0.12 |
| CVS CVS Health Corp. | Reduce -47.6% | 0.09% | −0.12 |
| LEN Lennar Corp. Class A | Reduce -48.0% | 0.08% | −0.11 |
| VOO Vanguard S&P 500 ETF | Reduce -65.6% | 0.05% | −0.11 |
| DVN Devon Energy Corp. | Reduce -3.8% | 0.21% | −0.11 |
| PEP Pepsico Inc. | Reduce -3.6% | 0.23% | −0.11 |
| SCHD Schwab US DVD Equity ETF | Reduce -96.4% | 0.00% | −0.11 |
| CSL Carlisle Cos Inc. | Reduce -62.9% | 0.05% | −0.11 |
| USHY iShares Broad Usd High Yield | Sold out | 0.00% | −0.11 |
| YLD Principal Act Hi YLD ETF | Sold out | 0.00% | −0.11 |
| PFE Pfizer Inc. | Reduce -31.2% | 0.12% | −0.11 |
| M Macy's Inc. | Reduce -95.8% | 0.00% | −0.11 |
| TAP Molson Coors Beverage Co. Class B | Reduce -33.9% | 0.08% | −0.11 |
| MTCH Match Group Inc. | Reduce -95.2% | 0.00% | −0.11 |
| VLO Valero Energy Corp. | Reduce -8.3% | 0.30% | −0.10 |
| NMRK Newmark Group Inc. Class A | Sold out | 0.00% | −0.10 |
| SKX Skechers USA Inc. Class A | Reduce -95.9% | 0.00% | −0.10 |
| TMUS T-Mobile US Inc. | Reduce -44.3% | 0.07% | −0.10 |
| CNH CNH Industrial NV | Reduce -92.7% | 0.01% | −0.10 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -70.8% | 0.03% | −0.10 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +70.4% | 2.04% | +0.90 |
| NVDA Nvidia Corp. | Add +29.9% | 2.20% | +0.74 |
| AVGO Broadcom Inc. | Add +23.1% | 1.02% | +0.39 |
| NFLX Netflix Inc. | Add +115.8% | 0.64% | +0.38 |
| AMZN Amazon.com Inc. | Add +60.1% | 1.09% | +0.35 |
| ELV Elevance Health Inc. | Add +440.7% | 0.39% | +0.29 |
| HALO Halozyme Therapeutics Inc. | Add +3843.6% | 0.27% | +0.26 |
| IDCC Interdigital Inc. | Add +303.1% | 0.36% | +0.26 |
| LNG Cheniere Energy Inc. | Add +416.2% | 0.34% | +0.26 |
| BKNG Booking Holdings Inc. | Add +169.7% | 0.38% | +0.24 |
| TPR Tapestry Inc. | Add +143.4% | 0.39% | +0.23 |
| PLTR Palantir Technologies Inc. Class A | Add +158.3% | 0.33% | +0.23 |
| APP AppLovin Corp. Class A | Add +848.9% | 0.25% | +0.22 |
| HWM Howmet Aerospace Inc. | Add +74.4% | 0.41% | +0.21 |
| YOU Clear Secure Inc. Class A | New | 0.20% | +0.20 |
| CNC Centene Corp. | Add +523.7% | 0.25% | +0.20 |
| ADSK Autodesk Inc. | Add +277.2% | 0.26% | +0.19 |
| CTSH Cognizant Tech Solutions-A | Add +311.6% | 0.27% | +0.19 |
| LNWO Light & Wonder Inc. | New | 0.18% | +0.18 |
| MDLZ Mondelez International Inc. Class A | Add +294.2% | 0.27% | +0.18 |
| SCHR Schwab Intermediate-Term US | Add +192.9% | 0.32% | +0.18 |
| FOXA Fox Corp. Class A | Add +112.8% | 0.45% | +0.18 |
| SYF Synchrony Financial | Add +444.1% | 0.22% | +0.18 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +1557.9% | 0.19% | +0.17 |
| GE General Electric | Add +224.3% | 0.25% | +0.17 |
| TSCO Tractor Supply Company | Add +453.1% | 0.22% | +0.17 |
| ORCL Oracle Corp. | Add +40.1% | 0.39% | +0.16 |
| META Meta Platforms Inc. Class A | Add +18.5% | 0.94% | +0.16 |
| AXON Axon Enterprise Inc. | Add +804.6% | 0.17% | +0.16 |
| VC Visteon Corp. | New | 0.16% | +0.16 |
| CBOE Cboe Global Markets Inc. | Add +1248.3% | 0.17% | +0.16 |
| BOXX Alpha Architect 1-3 MNTH Box | Add +73.2% | 0.55% | +0.15 |
| NCLH Norwegian Cruise Line Holdin | New | 0.15% | +0.15 |
| GOOG Alphabet Inc. Class C | Add +73.8% | 0.42% | +0.15 |
| IBM Intl Business Machines Corp. | Add +85.8% | 0.32% | +0.14 |
| AMD Advanced Micro Devices | Add +81.7% | 0.28% | +0.14 |
| DASH DoorDash Inc. Class A | Add +589.7% | 0.16% | +0.14 |
| MOD Modine Manufacturing Co. | New | 0.13% | +0.13 |
| BWZ State Street SPDR Bloomberg | New | 0.13% | +0.13 |
| PENN Penn Entertainment Inc. | New | 0.13% | +0.13 |
| OFG Ofg Bancorp | Add +210.9% | 0.20% | +0.13 |
| PH Parker Hannifin Corp. | Add +559.3% | 0.15% | +0.13 |
| ETN Eaton Corp. PLC | Add +326.2% | 0.16% | +0.13 |
| USB US Bancorp | Add +725.0% | 0.15% | +0.12 |
| MA Mastercard Inc. Class A | Add +74.8% | 0.42% | +0.12 |
| GM General Motors Co. | Add +637.7% | 0.14% | +0.12 |
| FIX Comfort Systems USA Inc. | Add +33.8% | 0.28% | +0.12 |
| WCC Wesco International Inc. | Add +2305.0% | 0.13% | +0.12 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +964.8% | 0.13% | +0.11 |
| VAC Marriott Vacations World | Add +1629.6% | 0.12% | +0.11 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 2,110 | $19.0B | NVDA, AAPL, TSM, GOOGL, MU |
| Q1 2026Amended | 2,101 | $15.7B | NVDA, AAPL, MSFT, GOOGL, AVGO |
| Q4 2025Amended | 994 | $5.9B | NVDA, GOOGL, AVGO, XOM, META |
| Q3 2025 | 1,814 | $9.9B | NVDA, MSFT, AAPL, AMZN, AVGO |
| Q2 2025 | 1,746 | $8.8B | NVDA, MSFT, AAPL, VEA, XOM |
| Q1 2025 | 1,614 | $7.0B | XOM, AAPL, CVX, NVDA, VEA |
| Q4 2024 | 1,670 | $6.8B | AAPL, NVDA, XOM, AVUV, CVX |
| Q3 2024 | 1,392 | $6.4B | XOM, AAPL, VEA, CVX, IDEV |
| Q2 2024 | 1,369 | $5.8B | XOM, BOXX, NVDA, CVX, AAPL |
| Q1 2024Amended | 1,372 | $5.5B | BOXX, XOM, MSFT, CVX, VTI |