Empowered Funds, LLC
SEC Form 13F institutional filer · CIK 0001592828
13F-HR · 496 reported holdings · 2026-03-31
Asset manager.
Reported long-US-equity value
$9.84B
Top-10 concentration
26.5%
Empowered Funds, LLC — $9.84B AUM allocation strategy
Empowered Funds, LLC files SEC Form 13F and reports $9.84B of long US equity value across 496 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 15.8%, followed by Communication Services 6.7% and Energy 3.3%.
The top 10 holdings account for 26% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Empowered Funds, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$9.84B
total across 496 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
26% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$VOO +1.33M sh · +$63.5M+$NVDA +870K sh · −$210M+$BAC +625K sh · +$27.4M
Biggest trims (shares)
−$CCL −646K sh · −$22.2M−$APA −424K sh · −$22.4M−$AES −399K sh · −$19.7M
Exited to nil (held last quarter, gone now)
$BEN ($41.5M last qtr)$QQQ ($40M last qtr)$NCLH ($30.8M last qtr)$XLI ($3.41M last qtr)$DLR ($2.08M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductors7.8%—
- Interactive Media & Services5.8%—
- Technology Hardware, Storage & Peripherals4.1%—
- Integrated Oil & Gas3.3%—
- Systems Software3.0%—
- Broadline Retail2.2%—
- Pharmaceuticals2.1%—
- Diversified Banks1.4%—
- Other holdings70.2%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
9 of 9 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $NVDA | NVIDIA Corporation | 2.7M | $471M | +870K | 4.8% |
| $AAPL | Apple Inc | 1.61M | $409M | +593K | 4.2% |
| $MSFT | Microsoft Corporation | 807K | $299M | +249K | 3.0% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 978K | $281M | +449K | 2.9% |
| $AVGO | Broadcom Inc | 700K | $217M | +275K | 2.2% |
| $AMZN | Amazon.com Inc | 1.03M | $215M | +311K | 2.2% |
| $META | Meta Platforms Inc | 386K | $174M | +222K | 1.8% |
| $XOM | ExxonMobil Holdings Corporation | 1.01M | $171M | -56.7K | 1.7% |
| $CVX | Chevron Corporation | 749K | $155M | +6.77K | 1.6% |
…and 487 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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