Empirical Capital Management
HENDERSONVILLE, TNfiles as Empirical Capital Management, LLC
$366m in 17 US stocks at the end of 30 June 2026. The top 10 are 95.5% of the money. It changed about 32.6% of the portfolio this quarter.
Value
$366m
Stocks
17
Top 10 share
95.5%
Turnover
32.6%
What changed this quarter
New
Bought for the first time this quarter.
- FoxFOXA0.9% of the fund
- Werner EnterprisesWERN<0.1% of the fund
- Hims & Hers HealthHIMS<0.1% of the fund
Added
Bought more of a stock they already held.
- Take TWO Interactive SoftwareTTWO26.7% of the fund+380%
- RokuROKU16.7% of the fund+28%
- Costco WholesaleCOST8.0% of the fund+176%
- Amazon.comAMZN7.9% of the fund+70%
- RedditRDDT7.4% of the fund+1642%
- Hunt J B Transport ServicesJBHT6.3% of the fund+5227%
- Palantir TechnologiesPLTR4.0% of the fund+84%
- Generac HoldingsGNRC1.4% of the fund+98%
- Triumph FinancialTFIN1.0% of the fund+64%
Cut
Sold some of their stake.
- AlphabetGOOGL9.8% of the fund-24%
Sold out
Sold their entire stake.
- NetflixNFLX-100%
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Take TWO Interactive SoftwareTTWO | 26.7% | $98m | 391,376 | +380% |
| RokuROKU | 16.7% | $61m | 443,361 | +28% |
| AlphabetGOOGL | 9.8% | $36m | 100,500 | -24% |
| Costco WholesaleCOST | 8.0% | $29m | 31,350 | +176% |
| Amazon.comAMZN | 7.9% | $29m | 121,600 | +70% |
| RedditRDDT | 7.4% | $27m | 156,800 | +1642% |
| Hunt J B Transport ServicesJBHT | 6.3% | $23m | 79,900 | +5227% |
| WalmartWMT | 5.3% | $19m | 170,000 | Held |
| Palantir TechnologiesPLTR | 4.0% | $15m | 127,000 | +84% |
| TJX CompaniesTJX | 3.2% | $12m | 77,500 | Held |
| Generac HoldingsGNRC | 1.4% | $5m | 18,000 | +98% |
| Triumph FinancialTFIN | 1.0% | $4m | 50,001 | +64% |
| FoxFOXA | 0.9% | $3m | 63,400 | New |
| TeslaTSLA | 0.7% | $3m | 6,000 | Held |
| XPOXPO | 0.3% | $1m | 5,000 | Held |
| Werner EnterprisesWERN | <0.1% | $262,000 | 6,000 | New |
| Hims & Hers HealthHIMS | <0.1% | $260,000 | 7,500 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 126.5% since 30 June 2025.
Where the money is
Media & telecom61.6%
Everyday goods13.3%
Retail & consumer11.8%
Industrials8.1%
Technology4.0%
Financial services1.0%
Health care0.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.