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Portfolio (Quarterly) Guide ↗

Empirical Finance, LLC

· CIK 0001572838
13F Portfolio $2.1B AUM 483 positions Filed May 15, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 22 New 34 Added 29 Reduced 20 Exited
Page 2 of 2  ·  29 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 EMN EASTMAN CHEM CO Basic Materials 4,183.0 $319K 0.01% -57.0 -1.3% $76.32 -4.1%
22 DVA DAVITA INC Healthcare 2,039.0 $313K 0.01% -12.0 -0.6% $153.69 +29.3%
23 AES AES CORP Utilities 20,017.0 $282K 0.01% -237.0 -1.2% $14.09 +4.3%
24 LKQ LKQ CORP Consumer Cyclical 9,266.0 $272K 0.01% -121.0 -1.3% $29.37 -8.5%
25 QRVO QORVO INC Technology 3,248.0 $251K 0.01% -46.0 -1.4% $77.40 +27.6%
26 KMX CARMAX INC Consumer Cyclical 5,399.0 $224K 0.01% -75.0 -1.4% $41.58 -6.4%
27 MKTX MARKETAXESS HLDGS INC Financial Services 1,296.0 $214K 0.01% -17.0 -1.3% $164.98 -17.4%
28 AAL AMERICAN AIRLINES GROUP INC Industrials 19,707.0 $212K 0.01% -296.0 -1.5% $10.74 +26.5%
29 LW LAMB WESTON HLDGS INC Consumer Defensive 4,927.0 $208K 0.01% -45.0 -0.9% $42.26 +1.3%
Page 2 of 2  ·  29 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 30.4%
Financial Services 12.1%
Communication Services 11.3%
Industrials 9.9%
Consumer Cyclical 9.6%
Healthcare 9.2%
Energy 7.1%
Consumer Defensive 5.9%
Utilities 2.6%
Basic Materials 1.9%