Empowered Funds, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Empowered Funds, LLC reported 1,814 stock positions worth $9.9 billion. Its top holding was Nvidia (NVDA) at 2.8% of the portfolio, followed by Microsoft (MSFT, 2.7%) and Apple (AAPL, 2.1%). Compared with Q2 2025, it opened 227 new positions, sold out of 159, added to 1,126 and reduced 450. The biggest buy was Microsoft (MSFT, shares +40%) and the biggest sale Vanguard Ftse Developed ETF (VEA, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- NEWTOWN SQUARE, PA
- CIK
- 0001592828
- Portfolio Value
- $9.9B (Q3 2025)
- SEC Filing
- 0001592828-25-000013 ↗ filed Nov 13, 2025
Holdings Value
Holdings 1,814 stocks · $9.9B
| NVDA Nvidia Corp. | 2.82% | 1,496,072 | $279.1M | Add +21.4% |
| MSFT Microsoft Corp. | 2.66% | 507,964 | $263.1M | Add +40.4% |
| AAPL Apple Inc. | 2.07% | 805,806 | $205.2M | Add +22.5% |
| AMZN Amazon.com Inc. | 1.35% | 610,639 | $134.1M | Add +39.3% |
| AVGO Broadcom Inc. | 1.17% | 351,269 | $115.9M | Add +7.8% |
| XOM Exxon Mobil Corp. | 1.17% | 1,024,094 | $115.5M | Reduce -1.4% |
| GOOGL Alphabet Inc. Class A | 1.17% | 474,939 | $115.5M | Add +39.3% |
| META Meta Platforms Inc. Class A | 1.13% | 152,058 | $111.7M | Add +35.3% |
| CVX Chevron Corp. | 0.97% | 620,545 | $96.4M | Reduce -3.1% |
| JPM JPMorgan Chase & Co. | 0.82% | 256,647 | $81.0M | Add +18.9% |
| LRCX Lam Research Corp. | 0.75% | 552,202 | $73.9M | Add +111.6% |
| GOOG Alphabet Inc. Class C | 0.67% | 273,744 | $66.7M | Add +31.9% |
| WDC Western Digital Corp. | 0.61% | 502,089 | $60.3M | Add +278.7% |
| MA Mastercard Inc. Class A | 0.58% | 101,656 | $57.8M | Add +55.7% |
| TSLA Tesla Inc. | 0.58% | 129,027 | $57.4M | Add +13.6% |
| CSCO Cisco Systems Inc. | 0.57% | 822,342 | $56.3M | Add +24.9% |
| NFLX Netflix Inc. | 0.53% | 44,096 | $52.9M | Add +5.0% |
| MRK Merck & Co. Inc. | 0.51% | 602,792 | $50.6M | Add +27.5% |
| STIP iShares 0-5 Year Tips Bond E | 0.49% | 475,113 | $48.9M | Add +79.5% |
| APP AppLovin Corp. Class A | 0.48% | 66,222 | $47.6M | Add +6.5% |
| V Visa Inc. Class A | 0.46% | 134,395 | $45.9M | Add +32.5% |
| ORCL Oracle Corp. | 0.46% | 160,246 | $45.1M | Add +2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.45% | 89,554 | $45.0M | Add +33.6% |
| JNJ Johnson & Johnson | 0.43% | 230,455 | $42.7M | Reduce -8.1% |
| THC Tenet Healthcare Corp. | 0.43% | 208,531 | $42.3M | Add +13.2% |
| LLY Eli Lilly & Co. | 0.43% | 55,238 | $42.1M | Add +27.4% |
| FIX Comfort Systems USA Inc. | 0.40% | 48,295 | $39.9M | Add +6.2% |
| PG The Procter & Gamble Co. | 0.40% | 258,950 | $39.8M | Reduce -5.3% |
| TPR Tapestry Inc. | 0.39% | 344,070 | $39.0M | Reduce -13.2% |
| IDCC Interdigital Inc. | 0.39% | 112,169 | $38.7M | Reduce -21.8% |
| KLAC KLA Corp. | 0.39% | 35,706 | $38.5M | Add +3.8% |
| PLTR Palantir Technologies Inc. Class A | 0.38% | 206,589 | $37.7M | Reduce -2.7% |
| NEM Newmont Corp. | 0.38% | 442,191 | $37.3M | Add +23.2% |
| VZ Verizon Communications Inc. | 0.37% | 838,715 | $36.9M | Add +14.9% |
| MS Morgan Stanley | 0.36% | 226,442 | $36.0M | Add +59.1% |
| WMT Walmart Inc. | 0.35% | 341,025 | $35.1M | Add +10.7% |
| HALO Halozyme Therapeutics Inc. | 0.35% | 471,124 | $34.6M | Add +1.0% |
| QCOM Qualcomm Inc. | 0.35% | 207,088 | $34.5M | Reduce -33.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.35% | 57,028 | $34.2M | Add +552.0% |
| BKNG Booking Holdings Inc. | 0.34% | 6,214 | $33.6M | Add +8.4% |
| COST Costco Wholesale Corp. | 0.34% | 35,853 | $33.2M | Add +26.2% |
| EOG EOG Resources Inc. | 0.33% | 295,778 | $33.2M | Reduce -10.7% |
| MCK McKesson Corp. | 0.33% | 42,596 | $32.9M | Reduce -1.4% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.32% | 354,952 | $31.8M | Add +114.4% |
| IOO iShares Global 100 ETF | 0.32% | 263,694 | $31.6M | New |
| ABBV Abbvie Inc. | 0.32% | 136,067 | $31.5M | Add +14.6% |
| HD Home Depot Inc. | 0.31% | 76,414 | $31.0M | Reduce -13.0% |
| LNG Cheniere Energy Inc. | 0.31% | 131,746 | $31.0M | Add +7.9% |
| AMD Advanced Micro Devices | 0.31% | 187,252 | $30.3M | Add +9.3% |
| ACN Accenture PLC Class A | 0.30% | 120,311 | $29.7M | Add +84.0% |
| CRM Salesforce Inc. | 0.30% | 123,313 | $29.2M | Add +130.3% |
| SYF Synchrony Financial | 0.29% | 410,142 | $29.1M | Add +39.4% |
| COP Conocophillips | 0.29% | 303,696 | $28.7M | Reduce -14.7% |
| APH Amphenol Corp. Class A | 0.28% | 225,172 | $27.9M | Reduce -15.5% |
| NRG NRG Energy Inc. | 0.28% | 171,944 | $27.8M | Add +14.7% |
| SNA Snap-on Inc. | 0.27% | 76,424 | $26.5M | Add +45.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 93,460 | $26.4M | Reduce -3.0% |
| UNH Unitedhealth Group Inc. | 0.26% | 74,553 | $25.7M | Reduce -16.3% |
| ALL Allstate Corp. | 0.26% | 119,624 | $25.7M | Add +558.5% |
| OEF iShares S&P 100 ETF | 0.25% | 74,653 | $24.8M | New |
| MCD McDonald's Corp. | 0.25% | 81,388 | $24.7M | Add +49.9% |
| PSX Phillips 66 | 0.25% | 181,508 | $24.7M | Reduce -22.5% |
| BOXX Alpha Architect 1-3 MNTH Box | 0.25% | 215,521 | $24.5M | Reduce -50.0% |
| CTRA Coterra Energy Inc. | 0.24% | 1,025,473 | $24.3M | Add +59.5% |
| CALM Cal-Maine Foods Inc. | 0.24% | 256,591 | $24.1M | Add +19.6% |
| SGOV iShares 0-3 Month Treasury B | 0.24% | 236,031 | $23.7M | Add +716.6% |
| GE General Electric filed as GE AEROSPACE | 0.24% | 78,388 | $23.6M | Reduce -6.9% |
| WFC Wells Fargo & Co. | 0.24% | 281,156 | $23.6M | Add +12.6% |
| MU Micron Technology Inc. | 0.24% | 140,607 | $23.5M | Add +19.8% |
| CI The Cigna Group | 0.24% | 81,254 | $23.4M | Reduce -0.4% |
| RTX RTX Corp. | 0.23% | 138,134 | $23.1M | Add +18.1% |
| KO The Coca-Cola Co. | 0.23% | 344,335 | $22.8M | Add +33.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.23% | 440,196 | $22.7M | Add +25.9% |
| YOU Clear Secure Inc. Class A | 0.23% | 679,661 | $22.7M | Add +8.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.23% | 80,999 | $22.6M | Add +41.5% |
| FTNT Fortinet Inc. | 0.23% | 265,890 | $22.4M | Reduce -14.5% |
| TOL Toll Brothers Inc. | 0.22% | 160,342 | $22.1M | Add +393.3% |
| MPC Marathon Petroleum Corp. | 0.22% | 113,289 | $21.8M | Reduce -43.5% |
| SNX TD Synnex Corp. | 0.22% | 133,097 | $21.8M | Add +132.1% |
| ADBE Adobe Inc. | 0.21% | 60,252 | $21.3M | Add +170.6% |
| BLBD Blue Bird Corp. | 0.21% | 367,480 | $21.1M | New |
| INCY Incyte Corp. | 0.21% | 248,829 | $21.1M | Add +92.0% |
| ELV Elevance Health Inc. | 0.21% | 64,471 | $20.8M | Reduce -27.1% |
| GS Goldman Sachs Group Inc. | 0.21% | 25,988 | $20.7M | Add +79.7% |
| LMT Lockheed Martin Corp. | 0.21% | 40,851 | $20.4M | Reduce -15.6% |
| TSCO Tractor Supply Company | 0.21% | 357,151 | $20.3M | Reduce -2.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.20% | 96,186 | $20.1M | Add +12.8% |
| FANG Diamondback Energy Inc. | 0.20% | 138,400 | $19.8M | Add +11.6% |
| REGN Regeneron Pharmaceuticals | 0.20% | 35,087 | $19.7M | Add +273.3% |
| FCX Freeport-McMoran Inc. | 0.20% | 503,003 | $19.7M | Add +109.7% |
| EXE Expand Energy Corp. | 0.20% | 185,378 | $19.7M | Add +44.5% |
| OFG Ofg Bancorp | 0.20% | 451,922 | $19.7M | Add +7.2% |
| DVN Devon Energy Corp. | 0.20% | 560,066 | $19.6M | Reduce -4.0% |
| TXN Texas Instruments Inc. | 0.20% | 105,758 | $19.4M | Add +30.8% |
| AMAT Applied Materials Inc. | 0.19% | 93,680 | $19.2M | Reduce -18.7% |
| APTV Aptiv PLC | 0.19% | 222,451 | $19.2M | Reduce -8.3% |
| ETN Eaton Corp. PLC | 0.19% | 50,996 | $19.1M | Add +27.3% |
| MOD Modine Manufacturing Co. | 0.19% | 133,502 | $19.0M | Add +10.7% |
| CAT Caterpillar Inc. | 0.19% | 39,687 | $18.9M | Reduce -47.7% |
| EQT Eqt Corp. | 0.19% | 347,360 | $18.9M | Reduce -0.2% |
Portfolio Sells Q2 2025 → Q3 2025
| VEA Vanguard Ftse Developed ETF | Reduce -99.4% | 0.01% | −1.27 |
| AVUV Avantis US Small Cap Value | Reduce -99.6% | 0.00% | −1.16 |
| IDEV iShares Core MSCI Dev MKTS | Sold out | 0.00% | −1.13 |
| VWO Vanguard Ftse Emerging Marke | Reduce -96.7% | 0.03% | −0.75 |
| AVDV Avantis Intl S/C Value ETF | Sold out | 0.00% | −0.59 |
| AVRE Avantis Real Estate ETF | Sold out | 0.00% | −0.56 |
| AVES Avantis Emerging Markets Val | Sold out | 0.00% | −0.48 |
| FOXA Fox Corp. Class A | Reduce -70.4% | 0.13% | −0.32 |
| BOXX Alpha Architect 1-3 MNTH Box | Reduce -50.0% | 0.25% | −0.30 |
| HWM Howmet Aerospace Inc. | Reduce -60.4% | 0.15% | −0.26 |
| CNC Centene Corp. | Reduce -94.1% | 0.01% | −0.24 |
| MOH Molina Healthcare Inc. | Reduce -88.3% | 0.02% | −0.22 |
| QCOM Qualcomm Inc. | Reduce -33.1% | 0.35% | −0.21 |
| ADSK Autodesk Inc. | Reduce -75.4% | 0.06% | −0.20 |
| MDLZ Mondelez International Inc. Class A | Reduce -67.7% | 0.07% | −0.20 |
| LNWO Light & Wonder Inc. | Sold out | 0.00% | −0.18 |
| ELV Elevance Health Inc. | Reduce -27.1% | 0.21% | −0.18 |
| AMGN Amgen Inc. | Reduce -44.4% | 0.16% | −0.16 |
| SCHR Schwab Intermediate-Term US | Reduce -44.7% | 0.16% | −0.16 |
| MPC Marathon Petroleum Corp. | Reduce -43.5% | 0.22% | −0.16 |
| CTSH Cognizant Tech Solutions-A | Reduce -43.6% | 0.11% | −0.15 |
| FTNT Fortinet Inc. | Reduce -14.5% | 0.23% | −0.15 |
| VLO Valero Energy Corp. | Reduce -54.1% | 0.16% | −0.14 |
| CAT Caterpillar Inc. | Reduce -47.7% | 0.19% | −0.14 |
| T AT&T Inc. | Reduce -49.9% | 0.10% | −0.13 |
| HES Hess Corp. | Sold out | 0.00% | −0.13 |
| CBOE Cboe Global Markets Inc. | Reduce -75.4% | 0.04% | −0.13 |
| NKE Nike Inc. Class B | Reduce -77.6% | 0.03% | −0.13 |
| JBL Jabil Inc. | Reduce -51.2% | 0.10% | −0.13 |
| TGNA Tegna Inc. | Reduce -84.4% | 0.03% | −0.12 |
| BAH Booz Allen Hamilton Holdings | Reduce -89.5% | 0.01% | −0.12 |
| PM Philip Morris International | Reduce -32.4% | 0.14% | −0.12 |
| PYPL PayPal Holdings Inc. | Reduce -54.3% | 0.07% | −0.12 |
| MO Altria Group Inc. | Reduce -42.9% | 0.16% | −0.12 |
| EOG EOG Resources Inc. | Reduce -10.7% | 0.33% | −0.11 |
| EMN Eastman Chemical Co. | Reduce -94.0% | 0.01% | −0.11 |
| YUM Yum! Brands Inc. | Reduce -73.1% | 0.04% | −0.11 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.11 |
| DHI D.R. Horton Inc. | Reduce -61.5% | 0.09% | −0.11 |
| EXEL Exelixis Inc. | Reduce -42.0% | 0.10% | −0.11 |
| BKR Baker Hughes Co. | Reduce -88.5% | 0.02% | −0.11 |
| GILD Gilead Sciences Inc. | Reduce -32.0% | 0.17% | −0.11 |
| NVR NVR Inc. | Reduce -92.4% | 0.01% | −0.11 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.11 |
| ALGN Align Technology Inc. | Reduce -96.5% | 0.00% | −0.11 |
| KMI Kinder Morgan Inc. | Reduce -60.7% | 0.05% | −0.10 |
| CROX Crocs Inc. | Reduce -71.3% | 0.03% | −0.10 |
| MAS Masco Corp. | Reduce -95.5% | 0.00% | −0.10 |
| XOM Exxon Mobil Corp. | Reduce -1.4% | 1.17% | −0.10 |
| LVS Las Vegas Sands Corp. | Reduce -96.1% | 0.00% | −0.10 |
Portfolio Buys Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Add +40.4% | 2.66% | +0.62 |
| NVDA Nvidia Corp. | Add +21.4% | 2.82% | +0.62 |
| AAPL Apple Inc. | Add +22.5% | 2.07% | +0.54 |
| WDC Western Digital Corp. | Add +278.7% | 0.61% | +0.51 |
| GOOGL Alphabet Inc. Class A | Add +39.3% | 1.17% | +0.49 |
| LRCX Lam Research Corp. | Add +111.6% | 0.75% | +0.46 |
| IOO iShares Global 100 ETF | New | 0.32% | +0.32 |
| QQQ Invesco QQQ Trust Series 1 | Add +552.0% | 0.35% | +0.29 |
| AMZN Amazon.com Inc. | Add +39.3% | 1.35% | +0.27 |
| GOOG Alphabet Inc. Class C | Add +31.9% | 0.67% | +0.26 |
| OEF iShares S&P 100 ETF | New | 0.25% | +0.25 |
| APP AppLovin Corp. Class A | Add +6.5% | 0.48% | +0.23 |
| ALL Allstate Corp. | Add +558.5% | 0.26% | +0.22 |
| BLBD Blue Bird Corp. | New | 0.21% | +0.21 |
| SGOV iShares 0-3 Month Treasury B | Add +716.6% | 0.24% | +0.21 |
| META Meta Platforms Inc. Class A | Add +35.3% | 1.13% | +0.19 |
| STIP iShares 0-5 Year Tips Bond E | Add +79.5% | 0.49% | +0.19 |
| TOL Toll Brothers Inc. | Add +393.3% | 0.22% | +0.18 |
| IUSG iShares Core S&P U.S. Growth | New | 0.18% | +0.18 |
| TSLA Tesla Inc. | Add +13.6% | 0.58% | +0.17 |
| MA Mastercard Inc. Class A | Add +55.7% | 0.58% | +0.17 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.17% | +0.17 |
| AVGO Broadcom Inc. | Add +7.8% | 1.17% | +0.15 |
| CF CF Industries Holdings Inc. | Add +114.4% | 0.32% | +0.15 |
| REGN Regeneron Pharmaceuticals | Add +273.3% | 0.20% | +0.14 |
| NEM Newmont Corp. | Add +23.2% | 0.38% | +0.14 |
| MS Morgan Stanley | Add +59.1% | 0.36% | +0.14 |
| SNX TD Synnex Corp. | Add +132.1% | 0.22% | +0.13 |
| CRM Salesforce Inc. | Add +130.3% | 0.30% | +0.13 |
| FIX Comfort Systems USA Inc. | Add +6.2% | 0.40% | +0.13 |
| SPLV Invesco S&P 500 Low Volatili | New | 0.12% | +0.12 |
| DELL Dell Technologies -C | Add +749.4% | 0.14% | +0.12 |
| ADBE Adobe Inc. | Add +170.6% | 0.21% | +0.12 |
| RNR Renaissancere Holdings Ltd. | New | 0.11% | +0.11 |
| INCY Incyte Corp. | Add +92.0% | 0.21% | +0.11 |
| JPM JPMorgan Chase & Co. | Add +18.9% | 0.82% | +0.11 |
| C Citigroup Inc. | Add +150.2% | 0.17% | +0.10 |
| LULU Lululemon Athletica Inc. | Add +2345.7% | 0.11% | +0.10 |
| VSXY Victoria's Secret & Co. | New | 0.10% | +0.10 |
| MLI Mueller Industries Inc. | Add +117.4% | 0.16% | +0.10 |
| IEMG iShares Core MSCI Emerging | New | 0.10% | +0.10 |
| KTOS Kratos Defense & Security | Add +51.9% | 0.15% | +0.09 |
| GT Goodyear Tire & Rubber Co. | New | 0.09% | +0.09 |
| GS Goldman Sachs Group Inc. | Add +79.7% | 0.21% | +0.09 |
| FYLD Cambria Foreign Shareholder | New | 0.09% | +0.09 |
| TRN Trinity Industries Inc. | New | 0.09% | +0.09 |
| BANC Banc of California Inc. | New | 0.09% | +0.09 |
| EYLD Cambria Emerg Shrhldr Yield | New | 0.09% | +0.09 |
| BWXT BWX Technologies Inc. | Add +879.4% | 0.10% | +0.09 |
| SCHW Schwab (charles) Corp. | Add +132.9% | 0.16% | +0.09 |
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 |