Institutional Manager · CIK 0001926596
Empirical Asset Management, LLC
WELLESLEY, MA · File #028-22459
Latest AUM
$354.5M
Positions
356
Top-10 Concentration
47.3%
Filings
9
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 |
|---|---|---|---|---|---|
| ADD | SPDR S&P 500 ETF TR | SPY | +6,012 | +$4.1M | +$264,748 |
| REDUCE | ETF SER SOLUTIONS | 26922B543 | -106,188 | -$2.6M | -$23,374 |
| NEW | ETF OPPORTUNITIES TRUST | 26923N470 | +130,695 | +$2.6M | $0 |
| ADD | ETFS GOLD TR | 00326A104 | +36,578 | +$1.5M | +$723,309 |
| REDUCE | ISHARES TR | 464287457 | -16,553 | -$1.4M | -$5,313 |
| ADD | TEXAS PACIFIC LAND CORPORATI | TPL | +4,400 | +$1.3M | -$1.4M |
| ADD | USCF ETF TR | 90290T809 | +51,608 | +$1.1M | -$155,988 |
| REDUCE | APPLE INC | AAPL | -5,208 | -$1.1M | +$886,210 |
| ADD | NETFLIX INC | NFLX | +10,917 | +$1.0M | -$1.0M |
| EXITED | LAM RESEARCH CORP | 512807306 | -7,319 | -$979,976 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025356 pos · $354.5M
- 13F HOLDINGS REPORTQ/E Sep 2025368 pos · $360.1M
- 13F HOLDINGS REPORTQ/E Jun 2025313 pos · $323.4M
- 13F HOLDINGS REPORTQ/E Mar 2025301 pos · $293.4M
- 13F HOLDINGS REPORTQ/E Dec 2024458 pos · $301.7M
- 13F HOLDINGS REPORTQ/E Sep 2024308 pos · $280.9M
- 13F HOLDINGS REPORTQ/E Jun 2024354 pos · $265.8M
- 13F HOLDINGS REPORTQ/E Mar 2024285 pos · $207.3M
- 13F HOLDINGS REPORTQ/E Dec 2023166 pos · $114.8M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | APPLE INC | AAPL | 88,473 | $18.1M | 10.12% |
| 2 | SPDR S&P 500 ETF TR | SPY | 22,820 | $15.6M | 8.70% |
| 3 | ETFS GOLD TR | 00326A104 | 205,971 | $8.5M | 4.73% |
| 4 | NVIDIA CORPORATION | NVDA | 58,967 | $7.8M | 4.34% |
| 5 | ISHARES TR | 464287721 | 35,653 | $7.1M | 3.98% |
| 6 | ISHARES SILVER TR | SLV | 100,409 | $6.5M | 3.62% |
| 7 | MICROSOFT CORP | MSFT | 60,150 | $6.4M | 3.57% |
| 8 | AMAZON COM INC | AMZN | 47,332 | $5.0M | 2.81% |
| 9 | META PLATFORMS INC | META | 22,250 | $5.0M | 2.77% |
| 10 | USCF ETF TR | 90290T809 | 212,418 | $4.7M | 2.62% |
| 11 | JPMORGAN CHASE & CO. | VYLD | 18,280 | $4.5M | 2.49% |
| 12 | ALPHABET INC | GOOG | 14,117 | $4.4M | 2.47% |
| 13 | HOME DEPOT INC | HD | 15,822 | $4.0M | 2.26% |
| 14 | SPDR GOLD TR | GLD | 35,588 | $3.8M | 2.11% |
| 15 | ELI LILLY & CO | LLY | 3,389 | $3.6M | 2.04% |
| 16 | INVESCO EXCHANGE TRADED FD T | IVZ | 68,610 | $3.1M | 1.75% |
| 17 | ALPHABET INC | GOOG | 17,877 | $3.1M | 1.73% |
| 18 | ISHARES TR | 464287200 | 4,264 | $2.9M | 1.63% |
| 19 | ISHARES TR | 464287614 | 5,576 | $2.6M | 1.48% |
| 20 | ETF OPPORTUNITIES TRUST | 26923N470 | 130,695 | $2.6M | 1.46% |