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Livermore
Livermore
ZHEN

Empowered Funds, LLC

SEC CIK
0001592828
Latest filing
Aug 14, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 18, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
994
−820 vs. Q3 2025
Portfolio value
$5.89B
−$4.01B (−40.5%) vs. Q3 2025
Filed
Feb 18, 2026
AmendedSEC
Holdings of Empowered Funds, LLC in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
NVDANVIDIA CorpStock1,832,609$341.8M5.8%+336,537+22.5%AddedHistory
GOOGLAlphabet Inc.Stock528,324$165.4M2.8%+53,385+11.2%AddedHistory
AVGOBroadcom Inc.Stock424,307$146.9M2.5%+73,038+20.8%AddedHistory
XOMExxonMobil Holdings CorpCOM1,067,333$128.4M2.2%+43,239+4.2%AddedHistory
METAMeta Platforms, Inc.Stock163,744$108.1M1.8%+11,686+7.7%AddedHistory
GOOGAlphabet Inc.Stock342,613$107.5M1.8%+68,869+25.2%AddedHistory
iShares Tr46435G326CORE MSCI INTL1,261,390$104.0M1.8%+1,261,390New–
JPMJPMorgan Chase & CoStock252,227$81.3M1.4%−4,420−1.7%ReducedHistory
MRKMerck & Co., Inc.Stock686,197$72.2M1.2%+83,405+13.8%AddedHistory
TSLATesla, Inc.Stock157,373$70.8M1.2%+28,346+22.0%AddedHistory
VVisa Inc.Stock159,835$56.1M1.0%+25,440+18.9%AddedHistory
Ea Series Trust02072L516ALPHA ARCHITECT597,146$53.6M0.9%+597,146New–
iShares Tr46429B7470-5 YR TIPS ETF516,640$52.9M0.9%+41,527+8.7%Added–
APPAppLovin CorpCOM CL A77,090$51.9M0.9%+10,868+16.4%AddedHistory
PLTRPalantir Technologies Inc.Stock289,085$51.4M0.9%+82,496+39.9%AddedHistory
MAMastercard IncStock87,333$49.9M0.8%−14,323−14.1%ReducedHistory
CSCOCisco Systems, Inc.Stock635,245$48.7M0.8%−187,097−22.8%ReducedHistory
THCTenet Healthcare CorpCOM NEW233,204$46.3M0.8%+24,673+11.8%AddedHistory
EXPEExpedia Group, Inc.Stock158,483$44.9M0.8%+100,062+171.3%AddedHistory
VZVerizon Communications IncStock1,086,788$44.3M0.8%+248,073+29.6%AddedHistory
NFLXNetflix IncStock399,195$37.4M0.6%−41,765−9.5%ReducedConverted for a 10-for-1 splitHistory
CRMSalesforce, Inc.Stock140,877$37.3M0.6%+17,564+14.2%AddedHistory
BKNGBooking Holdings Inc.Stock6,570$35.2M0.6%+356+5.7%AddedHistory
ACNAccenture plcStock130,223$34.9M0.6%+9,912+8.2%AddedHistory
MOAltria Group, Inc.Stock605,280$34.9M0.6%+369,161+156.3%AddedHistory
ORCLOracle CorpStock178,099$34.7M0.6%+17,853+11.1%AddedHistory
HALOHalozyme Therapeutics, Inc.COM510,949$34.4M0.6%+39,825+8.5%AddedHistory
COSTCostco Wholesale CorpStock39,490$34.1M0.6%+3,637+10.1%AddedHistory
ABBVAbbVie Inc.Stock148,462$33.9M0.6%+12,395+9.1%AddedHistory
Ea Series Trust02072L565ALPHA ARCH 1-3291,818$33.6M0.6%+76,297+35.4%Added–
EOGEOG Resources IncStock312,809$32.8M0.6%+17,031+5.8%AddedHistory
SPYSPDR S&P 500 ETF TrustETF47,476$32.4M0.5%+37,450+373.5%AddedHistory
COPConocoPhillipsStock343,956$32.2M0.5%+40,260+13.3%AddedHistory
MPCMarathon Petroleum CorpStock195,802$31.8M0.5%+82,513+72.8%AddedHistory
MCKMcKesson CorpStock38,753$31.8M0.5%−3,843−9.0%ReducedHistory
VLOValero Energy CorpStock186,675$30.4M0.5%+96,443+106.9%AddedHistory
FCXFreeport-McMoran IncStock561,610$28.5M0.5%+58,607+11.7%AddedHistory
IDCCInterDigital, Inc.COM87,516$27.9M0.5%−24,653−22.0%ReducedHistory
UNHUnitedHealth Group IncStock84,231$27.8M0.5%+9,678+13.0%AddedHistory
iShares Tr46436E7180-3 MTH TREASURY258,644$26.0M0.4%+22,613+9.6%Added–
LNGCheniere Energy, Inc.COM NEW131,298$25.5M0.4%−448−0.3%ReducedHistory
REGNRegeneron Pharmaceuticals, Inc.COM33,060$25.5M0.4%−2,027−5.8%ReducedHistory
SYFSynchrony FinancialCOM300,848$25.1M0.4%−109,294−26.6%ReducedHistory
ADBEAdobe Inc.Stock71,444$25.0M0.4%+11,192+18.6%AddedHistory
TAT&T Inc.Stock976,081$24.2M0.4%+612,160+168.2%AddedHistory
PYPLPayPal Holdings, Inc.Stock414,216$24.2M0.4%+311,979+305.2%AddedHistory
DVNDevon Energy CorpStock646,534$23.7M0.4%+86,468+15.4%AddedHistory
BXBlackstone Inc.COM150,983$23.3M0.4%+44,539+41.8%AddedHistory
FANGDiamondback Energy, Inc.Stock153,593$23.1M0.4%+15,193+11.0%AddedHistory
Invesco Exch Traded FD Tr II46138E354S&P500 LOW VOL320,880$22.9M0.4%+155,319+93.8%Added–
ETEnergy Transfer LPCOM UT LTD PTN1,332,685$22.0M0.4%+244,134+22.4%AddedHistory
CMCSAComcast CorpStock731,415$21.9M0.4%+155,898+27.1%AddedHistory
UTHRUnited Therapeutics CorpCOM44,391$21.6M0.4%+18,849+73.8%AddedHistory
DHIHorton D R IncCOM149,929$21.6M0.4%+97,034+183.4%AddedHistory
GEVGE Vernova Inc.Stock32,264$21.1M0.4%+3,125+10.7%AddedHistory
iShares Core MSCI Eafe ETF46432F842ETF232,622$20.8M0.4%+42,352+22.3%Added–
CAHCardinal Health IncStock99,931$20.5M0.3%−4,644−4.4%ReducedHistory
CEGConstellation Energy CorpStock56,540$20.0M0.3%+19,952+54.5%AddedHistory
NTAPNetApp, Inc.Stock186,387$19.9M0.3%+76,416+69.5%AddedHistory
PTCTPTC Therapeutics, Inc.COM250,412$19.0M0.3%+206,707+473.0%AddedHistory
ETNEaton Corp plcStock58,818$18.7M0.3%+7,822+15.3%AddedHistory
Vanguard Scottsdale FDS92206C706INTER TERM TREAS309,133$18.5M0.3%+63,340+25.8%Added–
EMEEMCOR Group, Inc.Stock29,730$18.2M0.3%+15,736+112.4%AddedHistory
Graniteshares ETF Tr38747R108BBG COMMD K 1847,382$17.9M0.3%+486,500+134.8%Added–
MDTMedtronic plcStock182,925$17.6M0.3%+91,886+100.9%AddedHistory
APTVAptiv PLCStock226,145$17.2M0.3%+3,694+1.7%AddedHistory
GSGoldman Sachs Group IncStock19,383$17.0M0.3%−6,605−25.4%ReducedHistory
DELLDell Technologies Inc.Stock134,968$17.0M0.3%+40,173+42.4%AddedHistory
LBRTLiberty Energy Inc.COM CL A916,637$16.9M0.3%+261,436+39.9%AddedHistory
iShares Core MSCI Emerging Markets ETF46434G103ETF251,649$16.9M0.3%+108,459+75.7%Added–
APAAPA CorpStock687,729$16.8M0.3%+448,562+187.6%AddedHistory
HCAHCA Healthcare, Inc.COM35,725$16.7M0.3%+17,374+94.7%AddedHistory
ASMLASML Holding NVADR15,447$16.5M0.3%−1,739−10.1%ReducedHistory
ENVAEnova International, Inc.COM101,872$16.0M0.3%+6,453+6.8%AddedHistory
Franklin Templeton ETF Tr35473P744FTSE JAPAN ETF454,652$15.7M0.3%+239,231+111.1%Added–
INCYIncyte CorpCOM158,274$15.6M0.3%−90,555−36.4%ReducedHistory
SPHRSphere Entertainment Co.CL A163,438$15.5M0.3%−24,076−12.8%ReducedHistory
NCLHNorwegian Cruise Line Holdings Ltd.SHS689,687$15.4M0.3%−27,392−3.8%ReducedHistory
CRHCRH Public Ltd CoORD121,718$15.2M0.3%+40,125+49.2%AddedHistory
ALSNAllison Transmission Holdings IncStock154,080$15.1M0.3%+29,540+23.7%AddedHistory
VSATViasat IncCOM428,707$14.8M0.3%−37,680−8.1%ReducedHistory
Vanguard Scottsdale FDS92206C102SHORT TERM TREAS250,822$14.7M0.3%+65,423+35.3%Added–
State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663ETF155,033$14.2M0.2%+140,550+970.4%Added–
AESAES CorpStock979,248$14.0M0.2%+729,607+292.3%AddedHistory
SPGIS&P Global Inc.Stock26,215$13.7M0.2%+751+2.9%AddedHistory
LCIILci IndustriesCOM112,531$13.7M0.2%+4,318+4.0%AddedHistory
NOWServiceNow, Inc.Stock88,692$13.6M0.2%+38,367+76.2%AddedConverted for a 5-for-1 splitHistory
BKUBankUnited, Inc.COM299,312$13.3M0.2%+22,260+8.0%AddedHistory
MDPediatrix Medical Group, Inc.COM622,380$13.3M0.2%+93,833+17.8%AddedHistory
EGEverest Group, Ltd.COM38,640$13.1M0.2%+6,754+21.2%AddedHistory
VCVisteon CorpCOM NEW137,825$13.1M0.2%+7,080+5.4%AddedHistory
DNOWDNOW Inc.COM978,055$13.0M0.2%+360,724+58.4%AddedHistory
RNRRenaissancere Holdings LtdCOM46,022$12.9M0.2%+1,537+3.5%AddedHistory
EQTEQT CorpStock241,172$12.9M0.2%−106,188−30.6%ReducedHistory
CSTMConstellium SECL A SHS671,222$12.7M0.2%+25,231+3.9%AddedHistory
AERAerCap Holdings N.V.SHS86,881$12.5M0.2%+82,753+2,004.7%AddedHistory
ZMZoom Communications, Inc.Stock142,919$12.3M0.2%−5,362−3.6%ReducedHistory
VRTVertiv Holdings CoCOM CL A75,974$12.3M0.2%+10,568+16.2%AddedHistory
TALOTalos Energy Inc.COM1,114,905$12.3M0.2%+115,864+11.6%AddedHistory
BANCBanc of California, Inc.COM631,885$12.2M0.2%+96,412+18.0%AddedHistory

Sold out since Q3 2025 (984)

Positions held at the end of Q3 2025 that are gone from this filing.

The largest 100 of 984 by value last quarter.

Positions of Empowered Funds, LLC sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
MSFTMicrosoft CorpStock507,964$263.1M2.7%History
AAPLApple Inc.Stock805,806$205.2M2.1%History
AMZNAmazon Com IncStock610,639$134.1M1.4%History
CVXChevron CorpStock620,545$96.4M1.0%History
LRCXLam Research CorpStock552,202$73.9M0.7%History
WDCWestern Digital CorpCOM502,089$60.3M0.6%History
BRK.BBerkshire Hathaway IncStock89,554$45.0M0.5%History
JNJJohnson & JohnsonStock230,455$42.7M0.4%History
LLYEli Lilly & CoStock55,238$42.1M0.4%History
FIXComfort Systems USA IncCOM48,295$39.9M0.4%History
PGProcter & Gamble CoStock258,950$39.8M0.4%History
TPRTapestry, Inc.COM344,070$39.0M0.4%History
KLACKLA CorpCOM NEW35,706$38.5M0.4%History
NEMNEWMONT CorpStock442,191$37.3M0.4%History
MSMorgan StanleyStock226,442$36.0M0.4%History
WMTWalmart Inc.Stock341,025$35.1M0.4%History
QCOMQualcomm IncStock207,088$34.5M0.3%History
Invesco QQQ Trust Series I46090E103ETF57,028$34.2M0.3%–
CFCF Industries Holdings, Inc.COM354,952$31.8M0.3%History
iShares Tr464287572GLOBAL 100 ETF263,694$31.6M0.3%–
HDHome Depot, Inc.Stock76,414$31.0M0.3%History
AMDAdvanced Micro Devices IncStock187,252$30.3M0.3%History
APHAmphenol CorpCL A225,172$27.9M0.3%History
NRGNRG Energy, Inc.Stock171,944$27.8M0.3%History
SNASnap-on IncCOM76,424$26.5M0.3%History
IBMInternational Business Machines CorpStock93,460$26.4M0.3%History
ALLAllstate CorpStock119,624$25.7M0.3%History
iShares S&P 100 ETF464287101ETF74,653$24.8M0.3%–
MCDMcDonalds CorpStock81,388$24.7M0.2%History
PSXPhillips 66Stock181,508$24.7M0.2%History
CTRACoterra Energy Inc.Stock1,025,473$24.3M0.2%History
CALMCal-Maine Foods IncCOM NEW256,591$24.1M0.2%History
GEGeneral Electric CoStock78,388$23.6M0.2%History
WFCWells Fargo & CompanyStock281,156$23.6M0.2%History
MUMicron Technology IncStock140,607$23.5M0.2%History
CICigna GroupStock81,254$23.4M0.2%History
RTXRTX CorpStock138,134$23.1M0.2%History
KOCoca Cola CoStock344,335$22.8M0.2%History
BACBank of America CorpStock440,196$22.7M0.2%History
TSMTaiwan Semiconductor Manufacturing Co LtdADR80,999$22.6M0.2%History
FTNTFortinet, Inc.Stock265,890$22.4M0.2%History
TOLToll Brothers, Inc.COM160,342$22.1M0.2%History
BLBDBlue Bird CorpCOM367,480$21.1M0.2%History
ELVElevance Health, Inc.Stock64,471$20.8M0.2%History
LMTLockheed Martin CorpStock40,851$20.4M0.2%History
TSCOTractor Supply CoCOM357,151$20.3M0.2%History
Vanguard Morningstar Small-Cap Value ETF922908611ETF96,186$20.1M0.2%–
EXEExpand Energy CorpCOM185,378$19.7M0.2%History
TXNTexas Instruments IncStock105,758$19.4M0.2%History
AMATApplied Materials IncStock93,680$19.2M0.2%History
MODModine Manufacturing CoCOM133,502$19.0M0.2%History
CATCaterpillar IncStock39,687$18.9M0.2%History
PEPPepsiCo IncStock133,787$18.8M0.2%History
iShares Core S&P U.S. Growth ETF464287671ETF108,123$17.8M0.2%–
ABTAbbott LaboratoriesStock130,496$17.5M0.2%History
CCitigroup IncStock163,829$16.6M0.2%History
GILDGilead Sciences, Inc.Stock149,751$16.6M0.2%History
PHParker-Hannifin CorpStock21,750$16.5M0.2%History
ADIAnalog Devices IncStock66,963$16.5M0.2%History
DISWalt Disney CoStock142,093$16.3M0.2%History
PFEPfizer IncStock638,374$16.3M0.2%History
ANETArista Networks, Inc.Stock111,399$16.2M0.2%History
MLIMueller Industries IncCOM160,371$16.2M0.2%History
AMGNAmgen IncStock57,263$16.2M0.2%History
SCHWSchwab Charles CorpStock168,470$16.1M0.2%History
Schwab Intermediate-Term US Treasury ETF808524854ETF626,794$15.7M0.2%–
BNYBank of New York Mellon CorpStock144,086$15.7M0.2%History
UPSUnited Parcel Service IncStock182,845$15.3M0.2%History
HWMHowmet Aerospace Inc.Stock77,795$15.3M0.2%History
PHMPultegroup IncCOM114,626$15.1M0.2%History
TPCTutor Perini CorpCOM228,715$15.0M0.2%History
USBUS Bancorp DECOM NEW310,093$15.0M0.2%History
UNFIUnited Natural Foods IncCOM392,104$14.8M0.1%History
LOWLowes Companies IncStock58,596$14.7M0.1%History
HONHoneywell International IncCOM68,575$14.4M0.1%History
ADPAutomatic Data Processing IncStock49,006$14.4M0.1%History
TRVTravelers Companies, Inc.Stock50,461$14.1M0.1%History
GDDYGoDaddy Inc.CL A102,562$14.0M0.1%History
AEMAgnico Eagle Mines LtdStock82,399$13.9M0.1%History
PMPhilip Morris International Inc.Stock85,191$13.8M0.1%History
Vanguard Morningstar Mid-Cap Value ETF922908512ETF77,875$13.6M0.1%–
SPGSimon Property Group Inc.REIT72,206$13.6M0.1%History
TDSTelephone & Data Systems IncCOM NEW342,220$13.4M0.1%History
OMCOmnicom Group Inc.COM164,635$13.4M0.1%History
PGRProgressive CorpStock53,467$13.2M0.1%History
UHSUniversal Health Services IncCL B64,372$13.2M0.1%History
BABoeing CoStock60,683$13.1M0.1%History
SLBSLB LimitedStock378,474$13.0M0.1%History
INGRIngredion IncCOM106,484$12.9M0.1%History
LDOSLeidos Holdings, Inc.COM68,344$12.9M0.1%History
DANDANA IncCOM637,521$12.8M0.1%History
PENNPENN Entertainment, Inc.COM662,151$12.8M0.1%History
RLRalph Lauren CorpCL A39,929$12.5M0.1%History
TJXTJX Companies IncStock84,182$12.2M0.1%History
ABNBAirbnb, Inc.Stock98,499$12.0M0.1%History
BSXBoston Scientific CorpStock121,273$11.8M0.1%History
ITGartner IncCOM44,370$11.7M0.1%History
HOODRobinhood Markets, Inc.Stock80,369$11.5M0.1%History
INTUIntuit Inc.Stock16,802$11.5M0.1%History
CTSHCognizant Technology Solutions CorpCL A169,674$11.4M0.1%History