DOSSIER · 13F-HR · Q2 2026

Empower Advisory Group, LLC

$41.9B in tracked AUM across 533 positions as of Q2 2026.

EA
CIK 0001978885 · last filed Jun 30, 2026
Total AUM
$41.9B
as of Q2 2026
Holdings
533
positions
Whale Score
68
68
tracked
Activity
no data
changes this Q
AI Analysis · Q2 2026

Empower Advisory Group LLC, the registered investment advisory arm powering Empower's bulk-defined contribution and managed-account platform, discloses $39B in U.S. equity and ETF holdings. The portfolio reflects the managed-account overlay model—a substantial ETF core (SPY, IVV, IUSB, QQQ) combined with equity manager-of-managers sub-accounts that re-balance across style-specific equity mutual fund sleeves.

ETF Core

Expect a top-10 dominated by the broad-market access vehicles: SPY, IVV, IUSB, QQQ, VOO, and VTI—each positioned as the equity sleeve anchor for a defined-contribution glide-path across risk profiles.

Manager-of-Managers Structure

The equity sleeve within each model delegates to underlying equity managers, reflected as holdings in the appropriate mutual fund or sub-advised vehicle. This produces a multi-layered book where the RIA swaps managers over time, producing characteristic rebalancing activity at the fund level rather than the stock level.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
SCHF
SCHWAB STRATEGIC TR
$5.1B182.6M12.1%
02
IWM
ISHARES TR
$2.4B7.9M5.7%
03
VWO
VANGUARD INTL EQUITY INDEX F
$2.1B35.8M5.1%
04
BSV
VANGUARD BD INDEX FDS
$1.9B24.3M4.5%
05
VNQ
VANGUARD INDEX FDS
$1.7B17.6M4.0%
06
VGIT
VANGUARD SCOTTSDALE FDS
$1.5B25.6M3.6%
07
SCHP
SCHWAB STRATEGIC TR
$1.5B56.7M3.6%
08
SCHA
SCHWAB STRATEGIC TR
$1.4B37.7M3.2%
09
USIG
ISHARES TR
$1.1B21.9M2.7%
10
VGLT
VANGUARD SCOTTSDALE FDS
$934M16.9M2.2%

Filing history

2026Q2Jun 30
$41.9B 8.8%
533 positionsView →
2026Q1Mar 31
$38.5B 4.0%
511 positionsView →
2025Q4Dec 31
$37.0B 2.7%
501 positionsView →
2025Q3Sep 30
$36.1B 8.0%
528 positionsView →
2025Q2Jun 30
$33.4B 9.0%
497 positionsLocked
2025Q1Mar 31
$30.6B 3.2%
495 positionsLocked
2024Q4Dec 31
$29.7B 0.4%
498 positionsLocked
2024Q3Sep 30
$29.6B 9.8%
502 positionsLocked
2024Q2Jun 30
$26.9B 0.9%
490 positionsLocked
2024Q1Mar 31
$26.7B 5.2%
495 positionsLocked
2023Q4Dec 31
$25.4B 12.3%
475 positionsLocked
2023Q3Sep 30
$22.6B 2.5%
459 positionsLocked
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