Empirical Wealth Management Q2 2026: Strategic Shifts in ETF Holdings
Empirical Financial Services observed notable changes in its portfolio during the second quarter of 2026, including significant increases and decreases in specific holdings.
As reported by Empirical Financial Services, the portfolio exhibited a dynamic shift during Q2 2026, reflecting strategic adjustments in its investment approach. The analysis of changed holdings reveals both new positions and modifications to existing ones.
Key activities this quarter included substantial purchases through Vanguard exchange-traded funds (ETFs). Notably, Empirical significantly increased its position in the Vanguard Small Cap Index (MGK), adding over 230,000 shares. Similarly, a large increase was observed in the holdings of the Vanguard Information Technology ETF (VUG). These actions suggest confidence in small-cap and technology growth stocks.
Conversely, Empirical reduced its exposure to certain sectors. The position in SPDR KBW Bank Stocks ETF (BK) saw a significant decrease of 157,722 shares or approximately -40% year-over-year change disclosed as COLUMBIA BKG SYS INC in the data. There was also a notable reduction in holdings for SPDR Series Trust (SJNK) and Vanguard Small-Cap Value ETF (EFV), although these changes were less drastic than some exits.
The investor's portfolio saw substantial buying activity, particularly highlighted by the significant increase of 157,722 shares or +40% in COLUMBIA BKG SYS INC (COLB). This represented a nearly tenfold increase from the previous period. Other buys included substantial additions to Vanguard Small Cap ETF (MGK) and WisdomTree TR (QGRW), indicating diversification efforts.
Selling activity was also evident, with Empirical exiting its position in Whitestone REIT (WSR). This exit resulted in an 83.85% reduction from the prior period's holdings. Additionally, while Vanguard Mid-Cap Growth ETF (SCHC) showed a positive change (+11%), it wasn't among the significant buys.
Overall, Empirical Financial Services demonstrated a proactive investment strategy during Q2 2026, focusing on growth sectors like Technology and small-cap stocks through ETFs. The portfolio's holdings changed significantly, with notable additions to certain funds offset by reductions in others, reflecting a targeted approach to capital allocation.