Empirical Asset Management, LLC

RIA/Wealth • Long/Short

Empirical Asset Management, LLC is a RIA/Wealth specializing in Long/Short based in Wellesley, MA led by Glenn Andrew Caldicott, reporting $467.0M in AUM as of Q3 2025 with 46% ETF concentration.

CIOGlenn Andrew Caldicott

Portfolio Value: $352.0M
Positions: 342
Top Holding: AAPL at 5.2%
Last Reported: Q3 2025

Address57 River Street, Suite 301, Wellesley, MA, 02481, United States

Top Holdings

Largest long holdings in Empirical Asset Management, LLC's portfolio (22.2% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Apple AAPL	Consumer Electronics Technology	$18.3M	5.20%	+$3.2M Bought	0.00% 93.7K shares	Q4 2021 Held for 3y 11m
2 SPDR S&P 500 ETF Trust SPY	ETF ETF	$11.2M	3.18%	+$451.7K Bought	— 16.8K shares	Q4 2021 Held for 3y 11m
3 Nvidia NVDA	Semiconductors Technology	$8.5M	2.41%	+$2.4M Bought	0.00% 62.9K shares	Q1 2023 Held for 2y 8m
4 Microsoft MSFT	Software - Infrastructure Technology	$7.4M	2.10%	+$5.8M Bought	0.00% 61.2K shares	Q4 2021 Held for 3y 11m
5 iShares U.S. Technology IYW	ETF ETF	$7.1M	2.02%	-$158.8K Sold	— 36.3K shares	Q1 2024 Held for 1y 8m
6 SGOL abrdn Physical Gold Shares SGOL	Unknown Unknown	$6.2M	1.77%	-$1.0M Sold	— 169.4K shares	Q4 2022 Held for 2y 11m
7 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$5.2M	1.47%	+$3.4M Bought	0.00% 21.8K shares	Q2 2023 Held for 2y 5m
8 Home Depot HD	Home Improvement Consumer Cyclical	$4.9M	1.39%	+$1.2M Bought	0.00% 16.1K shares	Q1 2022 Held for 3y 8m
9 Amazon AMZN	Specialty Retail Consumer Cyclical	$4.8M	1.37%	+$3.0M Bought	0.00% 47.5K shares	Q4 2021 Held for 3y 11m
10 JPMorgan Chase JPM	Banks - Diversified Financial Services	$4.6M	1.29%	+$1.2M Bought	0.00% 18.9K shares	Q3 2023 Held for 2y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Empirical Asset Management, LLC's latest filing

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Market Value

$352.0M

Prior: $323.0M

Q/Q Change

+8.98%

+$29.0M

Net Flows % of MV

+10.53%

Turnover Ratio

23.39%

New Purchases

39 stocks

$28.0M

Added To

169 stocks

+$60.8M

Sold Out Of

34 stocks

$22.0M

Reduced Holdings

76 stocks

-$29.8M

Increased Positions

Position	Shares Δ	Change
1 USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund SDCI	New	0 → 160.8K +$3.7M
2 CTA Simplify Managed Futures Strategy CTA	New	0 → 57.7K +$1.6M
3 Monolithic Power Systems MPWR	New	0 → 1.7K +$1.6M
4 Invesco Large Cap Growth ETF PWB	New	0 → 9.7K +$1.2M
5 Pacer US Large Cap Cash Cows Growth Leaders COWG	New	0 → 33.5K +$1.2M

Decreased Positions

Position	Shares Δ	Change
1 Carvana CVNA	Sold	5.1K → 0 −$1.7M
2 Seagate Technology Holdings PLC STX	Sold	10.3K → 0 −$1.5M
3 Northern Trust NTRS	Sold	8.3K → 0 −$1.1M
4 Ameriprise Financial AMP	Sold	1.8K → 0 −$967.4K
5 Stryker SYK	Sold	2.4K → 0 −$938.5K

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Analytics

Portfolio insights and performance metrics for Empirical Asset Management, LLC

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Sector Allocation

ETF

45.60%

Technology

18.00%

Consumer Cyclical

5.80%

Financial Services

5.70%

Communication Services

4.20%

Healthcare

3.90%

Industrials

3.60%

Energy

2.70%

Consumer Defensive

2.50%

Basic Materials

1.20%

Utilities

1.00%

Real Estate

0.10%

Market Cap Distribution

Mega Cap (> $200B)

27.28%

Large Cap ($10B - $200B)

17.79%

Mid Cap ($2B - $10B)

2.50%

Small Cap ($300M - $2B)

0.51%

Micro Cap ($50M - $300M)

0.06%

Nano Cap (< $50M)

0.43%

N/A (ETF or Unknown)

51.42%

Portfolio Concentration

Top 10 Holdings %

22.21%

Top 20 Holdings %

31.39%

Top 50 Holdings %

47.88%

Top 100 Holdings %

64.62%