Institutional Manager · CIK 0001592828

Empowered Funds, LLC

NEWTOWN SQUARE, PA · File #028-17729

Latest AUM

$12.57B

Positions

6,524

Top-10 Concentration

43.6%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
NEW	ISHARES TR	46435G326	+1,261,390	+$104.0M	$0
NEW	EA SERIES TRUST	02072L516	+597,146	+$53.6M	$0
NEW	AMERICAN CENTY ETF TR	025072356	+1,149,737	+$50.0M	$0
NEW	AMERICAN CENTY ETF TR	025072372	+694,140	+$40.5M	$0
REDUCE	INVESCO QQQ TR	IVZ	-44,453	-$27.3M	+$742,763
REDUCE	ISHARES TR	464287101	-74,069	-$25.4M	+$756,173
ADD	GOLD FIELDS LTD	GFIOF	+577,440	+$25.2M	+$17,803
ADD	SCHWAB STRATEGIC TR	808524854	+795,696	+$20.0M	+$18,177
REDUCE	VANGUARD INDEX FDS	922908611	-90,379	-$19.1M	+$279,570
ADD	NVIDIA CORPORATION	NVDA	+98,714	+$18.4M	-$5,490

Sector Allocation

Technology

17.9%$2.25B

Consumer Discretionary

8.3%$1.04B

7.8%$982.4M

6.9%$862.2M

6.8%$851.1M

6.5%$816.7M

Communication Services

3.1%$396.3M

2.5%$313.1M

1.9%$239.6M

0.9%$120.6M

0.5%$57.8M

Filing History

Feb 18, 202613F HOLDINGS REPORT (Amended)Q/E Dec 20253,248 pos · $5.89B
Feb 11, 202613F HOLDINGS REPORTQ/E Dec 20256,524 pos · $12.57B
Nov 13, 202513F HOLDINGS REPORTQ/E Sep 20254,604 pos · $9.90B
Aug 11, 202513F HOLDINGS REPORTQ/E Jun 20254,275 pos · $8.83B
May 16, 202513F HOLDINGS REPORTQ/E Mar 20253,475 pos · $7.03B
Jan 28, 202513F HOLDINGS REPORTQ/E Dec 20243,282 pos · $6.84B
Nov 6, 202413F HOLDINGS REPORTQ/E Sep 20242,563 pos · $6.36B
Jul 30, 202413F HOLDINGS REPORTQ/E Jun 20242,507 pos · $5.78B
May 7, 202413F HOLDINGS REPORT (Amended)Q/E Mar 20242,610 pos · $5.54B
May 6, 202413F HOLDINGS REPORTQ/E Mar 20242,610 pos · $5.54B
Nov 1, 202313F HOLDINGS REPORTQ/E Dec 20232,049 pos · $3.39B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	NVIDIA CORPORATION	NVDA	637,127	$118.8M	8.43%
2	ISHARES TR	46435G326	1,261,390	$104.0M	7.38%
3	EXXON MOBIL CORP	XOM	589,223	$70.9M	5.03%
4	NVIDIA CORPORATION	NVDA	365,700	$68.2M	4.84%
5	BROADCOM INC	AVGO	171,965	$59.5M	4.22%
6	EA SERIES TRUST	02072L516	597,146	$53.6M	3.80%
7	ALPHABET INC	GOOG	118,651	$37.1M	2.63%
8	ALPHABET INC	GOOG	115,669	$36.3M	2.57%
9	NVIDIA CORPORATION	NVDA	190,662	$35.6M	2.52%
10	BROADCOM INC	AVGO	90,411	$31.3M	2.22%
11	ISHARES TR	46429B747	300,176	$30.7M	2.18%
12	ALPHABET INC	GOOG	95,245	$29.9M	2.12%
13	ALPHABET INC	GOOG	94,378	$29.5M	2.09%
14	META PLATFORMS INC	META	44,300	$29.2M	2.07%
15	TESLA INC	TSLA	59,472	$26.7M	1.90%
16	EXPEDIA GROUP INC	EXPE	88,965	$25.2M	1.79%
17	META PLATFORMS INC	META	36,591	$24.2M	1.71%
18	ALPHABET INC	GOOG	72,376	$22.7M	1.61%
19	INVESCO EXCH TRADED FD TR II	IVZ	316,649	$22.6M	1.60%
20	SYNCHRONY FINANCIAL	SYF-PB	269,242	$22.5M	1.59%