Empirical Capital Management Makes Significant Bets on Interactive Entertainment and Logistics in Q2
Empirical Capital Management, LLC significantly increased its holdings in TAKE-TWO Interactive Software (TTWO) and Reddit Inc. (RDDT), while exiting Alphabet Inc. (GOOGL). The fund also boosted positions in Costco Wholesale Corp., Amazon.com Inc., and Hunt Transportation Services Inc.
Empirical Capital Management, LLC has made notable adjustments to its portfolio during the quarter ending June 30, 2026.
Prominent Increases: Interactive Entertainment & Logistics
The fund significantly amplified its position in TAKE-TWO INTERACTIVE SOFTWARE (TTWO), increasing shares by 309,876 or a staggering +380.22% from the previous quarter.
Similarly, REDDIT INC-CL A (RDDT) saw an enormous boost with shares rising by 147,800 or +1642.22%, making it one of the largest percentage increases in this filing.
In the same category as TTWO and RDDT but distinct from their holdings, Empirical also significantly increased its stake in HUNT (JB) TRANSPRT SVCS INC (JBHT), adding 78,400 shares or +5226.67%.
Other Notable Purchases
The fund continued its focus on major players in the Communication Services sector by substantially increasing its position in several other companies:
- COSTCO WHOLESALE CORP (COST), adding 20,000 shares or +176.21%.
- AMAZON.COM INC (AMZN), acquiring an additional 50,000 shares (+69.83%) and increasing its overall stake significantly.
- PALANTIR TECHNOLOGIES INC-A (PLTR), adding 58,000 shares (+84.06%).
- It also initiated a position in Financial Services with a small but disclosed stake in TRIUMPH BANCORP INC (TFIN), acquiring 50,019 shares (+64.21%) and adding it to its portfolio.
Significant Exit: Alphabet Inc.
In contrast to the heavy buying activity, Empirical Capital Management disclosed a significant reduction in its position for ALPHABET INC-CL A (GOOGL). The fund shed 32,000 shares (-24.15%) during the quarter.
Smaller Changes and Stable Positions
The investor also made smaller adjustments to other holdings:
- ROKU INC (ROKU), which remains a core holding, saw an increase of +28.26%.
- It maintained its position in WAL-MART STORES INC (WMT) with no change (-0.0%) from the prior period.
- TJX COMPANIES INC (TJX), a Consumer Cyclical holding, also remained unchanged (+0.0%).
Further Activity in Other Sectors
The fund added Consumer Defensive positions through purchases of small stakes in companies like GENERAC HOLDINGS INC (GNRC) (+97.8%) and HIMS & HERS HEALTH INC (HIMS), while also acquiring a tiny stake in Industrials via WERNER ENTERPRISES INC (WERN). It also purchased shares of TRIUMPH BANCORP INC (+64.21%) as mentioned.
In summary, Empirical Capital Management demonstrated strong buying momentum in the quarter ending June 30, 2026, particularly favoring companies within the Communication Services sector like TTWO and RDDT, alongside investments in major retailers (COSTCO), e-commerce giants (AMZN), logistics providers (JBHT), and even a tech company (PALANTIR). The most significant reduction was observed in its stake of Alphabet Inc. stock.