Empire Life Investments Inc.

Fundamental diversified ★Signal CIK 1640951
League rank
#354
in Fundamental diversified · #1815 overall
Long book
$1.65B
Q1 2026
Positions
110
Top-10 weight
37%
concentration
Last quarter
+14.5%
SPY +14.8%
Turnover
20%
of book per quarter

Strategy in plain words

auto-generated from filings

Empire Life Investments Inc. is a diversified fundamental manager, running a $1.65B US long book across 110 positions.

The portfolio is moderately concentrated (top 10 ≈ 37% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD S&P 500 ETF, ALPHABET INC-CL C, AMAZON.COM INC, MICROSOFT CORP, APPLE INC.

Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+0.4%
Q2 2024
+6.1%
Q3 2024
-2.2%
Q4 2024
-1.5%
Q1 2025
+9.3%
Q2 2025
+7.7%
Q3 2025
+2.0%
Q4 2025
-2.0%
Q1 2026
+14.5%

Sector allocation

Technology
36%
Consumer discretionary
14%
Financials
11%
Industrials
8%
Energy
7%
Utilities
6%
Services media
5%
Materials
5%

Long book by quarter

$1.63B
Q1 2024
$1.59B
Q2 2024
$1.64B
Q3 2024
$1.59B
Q4 2024
$1.54B
Q1 2025
$1.57B
Q2 2025
$1.71B
Q3 2025
$1.78B
Q4 2025
$1.65B
Q1 2026

What does Empire Life own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOOG ALPHABET INC-CL CTechnology277.3K$81.8M5.0%-7.2%
AMZN AMAZON.COM INCConsumer discretionary343.7K$72.4M4.4%-3.7%
MSFT MICROSOFT CORPTechnology192.6K$71.1M4.3%-7.8%
AAPL APPLE INCTechnology244.7K$62.6M3.8%+8.3%
LRCX LAM RESEARCH CORPIndustrials269.0K$59.7M3.6%-15.9%
NVDA NVIDIA CORPTechnology270.6K$47.6M2.9%+8.9%
PNC PNC FINANCIAL SERVICES GROUPFinancials206.0K$43.1M2.6%-5.1%
VST VISTRA CORPUtilities256.4K$39.5M2.4%+1.6%
JNJ JOHNSON & JOHNSONHealthcare151.8K$37.1M2.3%-4.7%
EOG EOG RESOURCES INCEnergy233.0K$32.7M2.0%+39.5%
NEM NEWMONT CORPMaterials287.0K$32.7M2.0%+142.8%
AZO AUTOZONE INCConsumer discretionary9.4K$32.2M2.0%+9.9%
AVGO BROADCOM INCTechnology97.6K$30.6M1.9%-2.4%
TDW TIDEWATER INCIndustrials362.4K$30.2M1.8%-4.7%
AME AMETEK INCTechnology137.0K$30.0M1.8%-5.6%
MU MICRON TECHNOLOGY INCTechnology80.4K$29.6M1.8%-49.1%
V VISA INC-CLASS A SHARESServices media97.1K$29.0M1.8%-8.8%
ROST ROSS STORES INCConsumer discretionary121.6K$26.7M1.6%-28.9%
VLO VALERO ENERGY CORPEnergy101.0K$24.4M1.5%New
CME CME GROUP INCFinancials79.3K$23.5M1.4%-4.7%
KO COCA-COLA CO/THEConsumer staples304.4K$23.2M1.4%+8.9%
ELV ELEVANCE HEALTH INCFinancials74.8K$22.3M1.4%-11.8%
WEC WEC ENERGY GROUP INCUtilities189.0K$22.0M1.3%-5.0%
MA MASTERCARD INC - AServices media43.5K$21.4M1.3%-7.0%
META META PLATFORMS INC-CLASS ATechnology36.8K$21.3M1.3%-6.8%
COST COSTCO WHOLESALE CORPConsumer discretionary21.1K$21.0M1.3%+0.4%
BAC BANK OF AMERICA CORPFinancials418.0K$20.6M1.3%-23.2%
TJX TJX COMPANIES INCConsumer discretionary118.7K$19.2M1.2%-26.6%
TXN TEXAS INSTRUMENTS INCTechnology88.9K$17.5M1.1%+32.0%
PGR PROGRESSIVE CORPFinancials89.4K$17.3M1.0%+13.4%
MSI MOTOROLA SOLUTIONS INCTechnology38.9K$16.9M1.0%-5.5%
BKNG BOOKING HOLDINGS INCIndustrials4.0K$16.8M1.0%-16.2%
AEE AMEREN CORPORATIONUtilities146.5K$16.2M1.0%-5.2%
BTU PEABODY ENERGY CORPMaterials493.4K$16.2M1.0%+8.5%
TYL TYLER TECHNOLOGIES INCTechnology47.4K$15.8M1.0%+15.5%
EQT EQT CORPEnergy253.0K$15.5M0.9%+166.8%
ROP ROPER TECHNOLOGIES INCTechnology42.7K$15.2M0.9%-6.2%
VEEV VEEVA SYSTEMS INC-CLASS ATechnology85.1K$14.7M0.9%+129.7%
T AT&T INCCommunications514.5K$14.6M0.9%-6.6%
CVX CHEVRON CORPEnergy73.6K$14.5M0.9%-48.0%
EVR EVERCORE INC - AFinancials47.3K$14.2M0.9%-9.6%
PM PHILIP MORRIS INTERNATIONALConsumer staples89.9K$14.2M0.9%-5.2%
CRWD CROWDSTRIKE HOLDINGS INC - ATechnology34.5K$13.6M0.8%+351.0%
NOW SERVICENOW INCTechnology127.9K$13.3M0.8%+44.3%
MO ALTRIA GROUP INCConsumer staples184.4K$12.1M0.7%-0.7%
CTAS CINTAS CORPOther48.3K$8.3M0.5%+11.3%
HBAN HUNTINGTON BANCSHARES INCFinancials513.7K$8.2M0.5%-5.2%
UUUU ENERGY FUELS INCMaterials446.5K$8.1M0.5%New
DLTR DOLLAR TREE INCConsumer discretionary70.0K$7.6M0.5%-53.2%
HUBS HUBSPOT INCTechnology31.2K$7.6M0.5%-33.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 11, 2026110$1.65B canonicalSEC ↗
Q4 202513F-HRFeb 4, 2026110$1.78B canonicalSEC ↗
Q3 202513F-HRNov 12, 2025107$1.71B canonicalSEC ↗
Q2 202513F-HRAug 14, 2025111$1.57B canonicalSEC ↗
Q1 202513F-HRMay 9, 2025110$1.54B canonicalSEC ↗
Q4 202413F-HRJan 30, 2025103$1.59B canonicalSEC ↗
Q3 202413F-HROct 29, 202496$1.64B canonicalSEC ↗
Q2 202413F-HRJul 31, 202494$1.59B canonicalSEC ↗
Q1 202413F-HRApr 30, 202494$1.63B canonicalSEC ↗