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Livermore
Livermore
ZHEN

Empowered Funds, LLC

SEC CIK
0001592828
Latest filing
Aug 14, 2026

The latest 13F from Empowered Funds, LLC covers Q2 2026 (filed Aug 14, 2026): 2,112 long positions worth $19.0B. The top 10 holdings make up 17.4% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 3.2%. Livermore has 27 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
219
Est. +$645.2M
Added
1055
Est. +$2.71B
Reduced
746
Est. −$1.82B
Sold out
209
Est. −$407.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    3.2%$603.7MHistory
  2. AAPLApple Inc.
    2.5%$465.3MHistory
  3. TSMTaiwan Semiconductor Manufacturing Co Ltd
    2.1%$399.2MHistory
  4. GOOGLAlphabet Inc.
    2.0%$379.1MHistory
  5. MUMicron Technology Inc
    1.7%$318.4MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +$310.2MAddedHistory
  2. NVDANVIDIA Corp
    +$62.8MAddedHistory
  3. Invesco QQQ Trust Series I46090E103
    +$61.4MNew
  4. iShares Tr464287150
    +$57.9MNew
  5. CCitigroup Inc
    +$57.5MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +1.70 pp0.4% → 2.1%History
  2. MUMicron Technology Inc
    +1.15 pp0.5% → 1.7%History
  3. Invesco QQQ Trust Series I46090E103
    +0.32 pp0.0% → 0.3%
  4. iShares Tr464287150
    +0.31 pp0.0% → 0.3%
  5. CCitigroup Inc
    +0.30 pp0.1% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MSFTMicrosoft Corp
    −$37.8MReducedHistory
  2. PHParker-Hannifin Corp
    −$29.0MReducedHistory
  3. iShares Tr464287572
    −$28.5MReduced
  4. Graniteshares ETF Tr38747R108
    −$26.4MSold out
  5. KTOSKratos Defense & Security Solutions, Inc.
    −$25.8MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. MSFTMicrosoft Corp
    −0.52 pp1.9% → 1.4%History
  2. METAMeta Platforms, Inc.
    −0.20 pp1.1% → 0.9%History
  3. CFCF Industries Holdings, Inc.
    −0.19 pp0.3% → 0.2%History
  4. PHParker-Hannifin Corp
    −0.18 pp0.3% → 0.1%History
  5. Graniteshares ETF Tr38747R108
    −0.17 pp0.2% → 0.0%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$19.0B
+$3.31B (+21.1%) vs. prior quarter
Positions
2,112
+10 vs. prior quarter
Top 10 concentration
17.4%
Top 10 as share of value
Turnover
12.8%
Q2 2026, one quarter
Average holding period
7.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $19.0B (Q2 2026)

Q1 2021: $522.0MQ2 2021: $787.7MQ3 2021: $779.4MQ4 2021: $886.8MQ1 2022: $914.9MQ2 2022: $775.6MQ3 2022: $1.03BQ4 2022: $1.53BQ1 2023: $1.70BQ2 2023: $2.84BQ3 2023: $3.39BQ4 2023: $3.98BQ1 2024: $5.54BQ2 2024: $5.78BQ3 2024: $6.36BQ4 2024: $6.84BQ1 2025: $7.03BQ2 2025: $8.83BQ3 2025: $9.90BQ4 2025: $5.89BQ1 2026: $15.7BQ2 2026: $19.0B
Q1 2021Q2 2026
13F filings of Empowered Funds, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 20262,112$19.0BNVDAAAPLTSMvs. Q1 2026SEC
Q1 2026Jun 16, 2026Amended2,102$15.7BNVDAAAPLMSFTvs. Q4 2025SEC
Q4 2025Feb 18, 2026Amended994$5.89BNVDAGOOGLAVGOvs. Q3 2025SEC
Q3 2025Nov 13, 20251,814$9.90BNVDAMSFTAAPLvs. Q2 2025SEC
Q2 2025Aug 11, 20251,746$8.83BNVDAMSFTAAPLvs. Q1 2025SEC
Q1 2025May 16, 20251,614$7.03BXOMAAPLCVXvs. Q4 2024SEC
Q4 2024Jan 28, 20251,670$6.84BAAPLNVDAXOMvs. Q3 2024SEC
Q3 2024Nov 6, 20241,392$6.36BXOMAAPLVanguard Ftse Developed Markets ETFvs. Q2 2024SEC
Q2 2024Jul 30, 20241,369$5.78BXOMEa Series TrustNVDAvs. Q1 2024SEC
Q1 2024May 6, 20241,372$5.54BEa Series TrustXOMMSFTvs. Q4 2023SEC
Q4 2023Feb 14, 20241,254$3.98BEa Series TrustXOMCVXvs. Q3 2023SEC
Q3 2023Nov 1, 20231,203$3.39BEa Series TrustXOMCVXvs. Q2 2023SEC
Q2 2023Jul 27, 20231,118$2.84BEa Series TrustXOMCVXvs. Q1 2023SEC
Q1 2023Apr 5, 2023510$1.70BEa Series TrustXOMCVXvs. Q4 2022SEC
Q4 2022Feb 21, 2023Amended435$1.53BXOMCVXiShares Trvs. Q3 2022SEC
Q3 2022Nov 4, 2022318$1.03BXOMiShares TrCVXvs. Q2 2022SEC
Q2 2022Aug 1, 2022265$775.6MiShares TrVanguard Malvern FDSiShares Trvs. Q1 2022SEC
Q1 2022Apr 21, 2022244$914.9MState Street SPDR Portfolio S&P 500 Value ETFiShares U.S. Healthcare Providers ETFiShares Russell Top 200 Growth ETFvs. Q4 2021SEC
Q4 2021Feb 10, 2022239$886.8MFirst Tr Exchange-Traded FDSPDR Series TrustiShares Trvs. Q3 2021SEC
Q3 2021Nov 12, 2021206$779.4MSPDR Series TrustFirst Tr Exchange-Traded FDInvesco Exchange Traded FD Tvs. Q2 2021SEC
Q2 2021Aug 4, 2021223$787.7MInvesco QQQ Trust Series IInvesco Exchange Traded FD TiShares Trvs. Q1 2021SEC
Q1 2021May 13, 2021162$522.0MVanEck Semiconductor ETFInvesco QQQ Trust Series IAlpha Architect ETF Tr–SEC