Empowered Funds, LLC

CIK 0001592828 · Q1 2026

13F Equity AUM

$15.7B

+24.2% QoQ

Positions

2,102

-89 QoQ

AUM Rank

#487

Top 4%

Skill Alpha (FF)

-1.9%/yr^ns

No Clear Edge

Rank #5,047 · Top 61%

vs S&P -4.8%/yr (unadj.)

Quarters Tracked

~9 years

Portfolio Concentration

Top 5: 10.7%Top 10: 16.1%Top 20: 22.4%

NVDA3.0%

AAPL2.6%

MSFT1.9%

GOOGL1.8%

AVGO1.4%

AMZN1.4%

XOM1.1%

META1.1%

CHV1.0%

JPM0.9%

Others (2092)83.9%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services22.5%

Technology20.7%

Consumer Cyclical11.1%

Industrials10.3%

Energy9.0%

Healthcare8.2%

Communication Services6.4%

Consumer Defensive4.0%

Other7.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 2102Median: 0.01%Avg: 0.05%

0–0.5%

2084(78.5%)

0.5–1%

10(7.2%)

1–3%

7(11.2%)

3–5%

1(3.0%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 2,045Unique: 57vs 20 funds

27.8%Moderate

2,102

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

35.4%

BlackRock, Inc.

46.3%

BANK OF AMERICA CORP /DE/

37%

GEODE CAPITAL MANAGEMENT, LLC

47.8%

STATE STREET CORP

47.9%

VANGUARD CAPITAL MANAGEMENT LLC

47.7%

JPMORGAN CHASE & CO

34.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

50.9%

FMR LLC

43.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New305Increased1252Decreased466Exited401

New Positions

VTIP0.4%

+1.3M

PLMR0.1%

+195K

TLT0.1%

+156K

UUP0.1%

+490K

USDU0.1%

+512K

BRNY0.1%

+278K

CSWC0.1%

+619K

KRMN0.1%

+149K

FIVE0.1%

+57K

HSAI0.1%

+585K

Increased

CLVT0.0%

+1.6M(+419%)

CDE0.1%

+926K(+686%)

NVDA3.0%

+870K(+47%)

BORR0.1%

+761K(+115%)

BOXX0.7%

+667K(+229%)

ET0.2%

+650K(+49%)

BAC0.3%

+625K(+127%)

PCG0.1%

+608K(+1040%)

AAPL2.6%

+593K(+58%)

SCHR0.3%

+511K(+36%)

Decreased

CTRA0.1%

-838,346(-77%)

CCL0.1%

-645,626(-54%)

AES0.0%

-579,880(-59%)

APA0.1%

-423,585(-62%)

PINS0.0%

-393,021(-84%)

MOS0.0%

-362,534(-88%)

TSM0.4%

-361,998(-66%)

NPKI0.0%

-325,883(-87%)

ZION0.0%

-315,070(-99%)

SEM0.0%

-312,186(-66%)

Exited

-1,027,165

-65,128

-2,533,428

-454,652

-689,687

-1,525,280

-671,222

-36,852

-1,599,377

-624,914

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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