Empirical Asset Management, LLC
Long book
$378.2M
Q1 2026
Positions
395
Top-10 weight
23%
concentration
Last quarter
+12.2%
SPY +14.8%
Turnover
31%
of book per quarter
Strategy in plain words
auto-generated from filingsEmpirical Asset Management, LLC is a wealth-management firm allocating client money, running a $378.2M US long book across 395 positions.
The portfolio is broadly diversified across 395 positions (top 10 only 23%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: APPLE INC, SS SPDR S&P 500 ETF TRUST-US, USCF SUMMERHAVEN DYNAMIC ETF, ABRDN PHYSICAL GOLD SHARES, NVIDIA CORP.
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.6%
Q2 2024
+6.3%
Q3 2024
+1.3%
Q4 2024
-2.3%
Q1 2025
+7.7%
Q2 2025
+7.3%
Q3 2025
+2.6%
Q4 2025
-0.4%
Q1 2026
+12.2%
Sector allocation
Technology 39%
Financials 12%
Consumer discretionary 11%
Healthcare 9%
Industrials 9%
Energy 6%
Services media 4%
Utilities 3%
Long book by quarter
What does Empirical Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 76.6K | $19.4M | 5.1% | -13.5% |
| NVDA NVIDIA CORP | Technology | 38.9K | $6.8M | 1.8% | -34.0% |
| META META PLATFORMS INC-CLASS A | Technology | 9.2K | $5.3M | 1.4% | -58.5% |
| MSFT MICROSOFT CORP | Technology | 13.8K | $5.1M | 1.4% | -77.0% |
| JPM JPMORGAN CHASE & CO | Financials | 13.7K | $4.0M | 1.1% | -25.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 19.1K | $4.0M | 1.1% | -59.6% |
| HD HOME DEPOT INC | Consumer discretionary | 11.7K | $3.8M | 1.0% | -26.2% |
| XOM EXXON MOBIL CORP | Energy | 18.9K | $3.2M | 0.9% | -49.0% |
| LLY ELI LILLY & CO | Healthcare | 3.4K | $3.1M | 0.8% | +0.6% |
| GOOGL ALPHABET INC-CL A | Technology | 10.7K | $3.1M | 0.8% | -24.4% |
| GOOG ALPHABET INC-CL C | Technology | 10.0K | $2.9M | 0.8% | -43.8% |
| WMT WALMART INC | Consumer discretionary | 21.3K | $2.6M | 0.7% | -9.5% |
| CVX CHEVRON CORP | Energy | 11.9K | $2.5M | 0.6% | -48.5% |
| MCD MCDONALD'S CORP | Consumer discretionary | 7.2K | $2.2M | 0.6% | -31.0% |
| QCOM QUALCOMM INC | Technology | 16.0K | $2.1M | 0.5% | -87.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 14.1K | $2.0M | 0.5% | -62.6% |
| MRK MERCK & CO. INC. | Healthcare | 16.5K | $2.0M | 0.5% | +32.5% |
| TPL TEXAS PACIFIC LAND CORP | Financials | 4.0K | $1.9M | 0.5% | -39.7% |
| SUN SUNOCO LP | Energy | 28.0K | $1.8M | 0.5% | -1.4% |
| CECO CECO ENVIRONMENTAL CORP | Industrials | 30.0K | $1.8M | 0.5% | +1.6% |
| ORCL ORACLE CORP | Technology | 11.8K | $1.7M | 0.5% | +68.4% |
| NJR NEW JERSEY RESOURCES CORP | Utilities | 30.5K | $1.7M | 0.4% | +0.4% |
| GS GOLDMAN SACHS GROUP INC | Financials | 2.0K | $1.7M | 0.4% | -54.2% |
| ANET ARISTA NETWORKS INC | Technology | 13.2K | $1.6M | 0.4% | -1.1% |
| KLAC KLA CORP | Other | 1.1K | $1.6M | 0.4% | -89.6% |
| CSCO CISCO SYSTEMS INC | Technology | 20.5K | $1.6M | 0.4% | -64.6% |
| GILD GILEAD SCIENCES INC | Healthcare | 11.2K | $1.6M | 0.4% | -5.1% |
| INTU INTUIT INC | Technology | 3.5K | $1.5M | 0.4% | +921.2% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 3.2K | $1.5M | 0.4% | New |
| TSLA TESLA INC | Industrials | 3.8K | $1.4M | 0.4% | +1.1% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 9.2K | $1.3M | 0.4% | -49.1% |
| MCK MCKESSON CORP | Consumer discretionary | 1.5K | $1.3M | 0.4% | +372.4% |
| V VISA INC-CLASS A SHARES | Services media | 4.4K | $1.3M | 0.4% | -73.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 5.4K | $1.3M | 0.3% | -42.0% |
| MU MICRON TECHNOLOGY INC | Technology | 3.8K | $1.3M | 0.3% | +99.2% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 19.5K | $1.2M | 0.3% | New |
| ATO ATMOS ENERGY CORP | Utilities | 6.6K | $1.2M | 0.3% | New |
| GEV GE VERNOVA INC | Industrials | 1.4K | $1.2M | 0.3% | -82.9% |
| DELL DELL TECHNOLOGIES -C | Technology | 7.2K | $1.2M | 0.3% | +32.9% |
| GE GENERAL ELECTRIC | Industrials | 4.0K | $1.1M | 0.3% | -75.1% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 12.1K | $1.1M | 0.3% | -58.2% |
| CAT CATERPILLAR INC | Industrials | 1.6K | $1.1M | 0.3% | -41.6% |
| WFC WELLS FARGO & CO | Financials | 13.7K | $1.1M | 0.3% | +4.9% |
| MPWR MONOLITHIC POWER SYSTEMS INC | Technology | 973 | $1.1M | 0.3% | -45.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 396 | $379.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 356 | $354.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 368 | $360.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 313 | $323.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 301 | $293.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 15, 2025 | 458 | $301.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 11, 2024 | 308 | $280.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 354 | $265.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 285 | $207.3M | canonical | SEC ↗ |