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Empower Advisory Group, LLC

SEC CIK
0001978885
Latest filing
Aug 12, 2026

The latest 13F from Empower Advisory Group, LLC covers Q2 2026 (filed Aug 12, 2026): 532 long positions worth $41.9B. The top 10 holdings make up 46.7% of the portfolio, and the largest is Schwab International Equity ETF at 12.1%. Livermore has 14 filings on Form 13F from this institution, going back to Q1 2023.

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
44
Est. +$197.0M
Added
243
Est. +$1.83B
Reduced
189
Est. −$908.3M
Sold out
22
Est. −$127.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab International Equity ETF808524805
    12.1%$5.06B
  2. iShares Russell 2000 ETF464287655
    5.7%$2.38B
  3. Vanguard Ftse Emerging Markets ETF922042858
    5.1%$2.13B
  4. Vanguard Short-Term Bond ETF921937827
    4.5%$1.89B
  5. Vanguard Real Estate ETF922908553
    4.0%$1.70B

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Short-Term Bond ETF921937827
    +$137.0MAdded
  2. Vanguard Scottsdale FDS92206C706
    +$115.9MAdded
  3. Schwab US Tips ETF808524870
    +$94.2MAdded
  4. iShares Broad Usd Investment Grade Corporate Bond ETF464288620
    +$81.5MAdded
  5. Vanguard Long-Term Treasury ETF92206C847
    +$75.9MAdded

Largest weight increases

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

  1. Schwab U.S. Small-Cap ETF808524607
    +0.46 pp2.8% → 3.2%
  2. DASHDoorDash, Inc.
    +0.19 pp0.2% → 0.4%History
  3. UNHUnitedHealth Group Inc
    +0.19 pp0.3% → 0.5%History
  4. EXCExelon Corp
    +0.16 pp0.0% → 0.2%History
  5. Vanguard Real Estate ETF922908553
    +0.16 pp3.9% → 4.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Russell 2000 ETF464287655
    −$198.9MReduced
  2. HONHoneywell International Inc
    −$118.6MSold outHistory
  3. Schwab International Equity ETF808524805
    −$86.8MReduced
  4. State Street SPDR Portfolio S&P 500 ETF78464A854
    −$79.8MReduced
  5. MTCHMatch Group, Inc.
    −$73.0MReducedHistory

Largest weight decreases

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

  1. Invesco Actvely MNGD Etc FD46090F100
    −0.31 pp1.6% → 1.2%
  2. HONHoneywell International Inc
    −0.31 pp0.3% → 0.0%History
  3. IAUiShares Gold Trust
    −0.29 pp1.2% → 0.9%History
  4. BKRBaker Hughes Co
    −0.18 pp0.4% → 0.2%History
  5. State Street SPDR Portfolio S&P 500 ETF78464A854
    −0.17 pp0.4% → 0.2%

Metrics

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

Portfolio value
$41.9B
+$3.39B (+8.8%) vs. prior quarter
Positions
532
+22 vs. prior quarter
Top 10 concentration
46.7%
Top 10 as share of value
Turnover
2.6%
Q2 2026, one quarter
Average holding period
13.5 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 2023), so positions held before then are understated.

13F filings by quarter

14 quarters, going back to Q1 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $41.9B (Q2 2026)

Q1 2023: $22.3BQ2 2023: $23.2BQ3 2023: $22.6BQ4 2023: $25.4BQ1 2024: $26.7BQ2 2024: $26.9BQ3 2024: $29.6BQ4 2024: $29.7BQ1 2025: $30.6BQ2 2025: $33.4BQ3 2025: $36.1BQ4 2025: $37.0BQ1 2026: $38.5BQ2 2026: $41.9B
Q1 2023Q2 2026
13F filings of Empower Advisory Group, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 2026532$41.9BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Ftse Emerging Markets ETFvs. Q1 2026SEC
Q1 2026May 14, 2026510$38.5BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Ftse Emerging Markets ETFvs. Q4 2025SEC
Q4 2025Feb 12, 2026501$37.0BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Ftse Emerging Markets ETFvs. Q3 2025SEC
Q3 2025Nov 14, 2025528$36.1BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Ftse Emerging Markets ETFvs. Q2 2025SEC
Q2 2025Aug 8, 2025497$33.4BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Ftse Emerging Markets ETFvs. Q1 2025SEC
Q1 2025May 9, 2025495$30.6BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Ftse Emerging Markets ETFvs. Q4 2024SEC
Q4 2024Jan 31, 2025498$29.7BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Ftse Emerging Markets ETFvs. Q3 2024SEC
Q3 2024Nov 5, 2024502$29.6BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Ftse Emerging Markets ETFvs. Q2 2024SEC
Q2 2024Jul 25, 2024490$26.9BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Ftse Emerging Markets ETFvs. Q1 2024SEC
Q1 2024May 2, 2024495$26.7BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Ftse Emerging Markets ETFvs. Q4 2023SEC
Q4 2023Feb 7, 2024475$25.4BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Ftse Emerging Markets ETFvs. Q3 2023SEC
Q3 2023Nov 6, 2023459$22.6BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Short-Term Bond ETFvs. Q2 2023SEC
Q2 2023Aug 10, 2023481$23.2BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Short-Term Bond ETFvs. Q1 2023SEC
Q1 2023May 25, 2023484$22.3BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Short-Term Bond ETF–SEC