Empirical Finance, LLC

Q4 2025 13F-HR Holdings

Location
Newtown Square, PA
Holdings as of
12/31/2025
Date filed
2/12/2026
Form type
13F-HR
Num holdings
494
Total value ($000)
$2,096,404
Net value change ($000)
-3,995 (-0.2%)
New positions
7
Sold out positions
32
Turnover %
7.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 20,737 47.7%
LLY 7,187 33.5%
TSM 5,110 49.1%
MU 4,100 63.5%
AMZN 3,500 4.6%
OMAB 3,183 43.6%
CORPORACION AMER ARPTS S A 3,119 96.7%
ET 2,989 31.8%
PAC 2,717 52.1%
WES 2,566 37.8%
Top Reduces (Value $000, Stocks/ETFs)
GOOGL -50,320 -100.0%
VTI -18,066 -100.0%
QVAL -17,652 -88.3%
CAOS -17,195 -100.0%
MSFT -14,005 -10.5%
IVAL -11,093 -100.0%
QMOM -9,815 -100.0%
IMOM -8,312 -100.0%
META -8,095 -14.1%
NVDA -8,011 -5.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type