Empirical Finance, LLC is an institutional investment adviser whose equity holdings become public through quarterly SEC Form 13F filings. This profile tracks those disclosures over time, building a running record of the fund’s buys, sells, trims, and adds as they are reported — not a single news event, but an ongoing log of how the portfolio evolves quarter by quarter.
Quarter ending 2026-03-31
During the quarter ending 2026-03-31, Empirical Finance, LLC opened several brand-new positions. The most notable was Alphabet Inc (GOOGL), started at $56,771,821. The fund also initiated several separate positions tied to EA Series Trust, the largest valued at $16,977,838, alongside two smaller EA Series Trust stakes of $10,013,858 and $8,279,891. Other new positions included Vanguard Index Fds ($17,660,591), Capital Southwest Corp (CSWC) at $13,689,316, and Grupo Aeroportuario del Sureste at $7,686,621.
On the buying side, several existing positions were built up meaningfully. Taiwan Semiconductor Manufac more than doubled, rising 107% from $15,520,270 to $32,182,979. Energy Transfer L P increased 119%, from $12,401,222 to $27,111,791. A separate EA Series Trust holding jumped 2631%, from $526,650 to $14,381,328. Grupo Aeroportunario del Pac climbed 132% to $18,418,230, while Grupo Aeroportuario del Cent rose 84% to $19,313,992. Western Midstream Partners L increased 95% to $18,204,921, Sprouts Fmrs Mkt Inc rose 1939% to $8,120,786, Exxon Mobil Corp grew 41% to $25,683,331, and Axos Financial Inc (AX) advanced 84% to $15,169,930.
On the selling side, Empirical Finance, LLC trimmed several of its largest, longer-held positions rather than exiting them outright. Microsoft Corp (MSFT) was reduced 24%, from $119,010,177 to $90,966,686. Nvidia Corporation (NVDA) was cut 7%, from $152,438,759 to $142,307,435. Apple Inc (AAPL) was reduced 7%, from $136,483,779 to $127,195,234, and Meta Platforms Inc (META) was trimmed 13%, from $49,214,330 to $42,593,934.
Taken together, this quarter’s filing shows fresh exposure to Alphabet and several EA Series Trust vehicles, continued conviction adds in Taiwan Semiconductor, Energy Transfer, and the Mexican airport operators, alongside modest paring back of mega-cap tech names that remain among the fund’s largest holdings. As with every 13F, this snapshot reflects reported values at quarter-end and not specific trade dates or prices. Check back after the next quarterly filing for updated moves from Empirical Finance, LLC, as this page will continue tracking the fund’s portfolio shifts over time. This content is for informational purposes only and does not constitute investment advice.
Related ticker coverage
- GOOGL — all coverage →
- MSFT — all coverage →
- CSWC — all coverage →
- NVDA — all coverage →
- AAPL — all coverage →
- AX — all coverage →
- META — all coverage →
Source: SEC Form 13F filings. This page updates every quarter.