Empower Advisory Group, LLC

Pension/Endowment

Empower Advisory Group, LLC is a Pension/Endowment based in Greenwood Village, CO led by Jonathan David Kreider, reporting $68.3B in AUM as of Q3 2025 with 60% ETF concentration.

CEOJonathan David Kreider

Portfolio Value: $36.1B
Positions: 527
Top Holding: SCHF at 12.03%
Last Reported: Q3 2025

Address8515 East Orchard Road, 2t3, Greenwood Village, CO, 80111, United States

Top Holdings

Largest long holdings in Empower Advisory Group, LLC's portfolio (45.2% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Schwab International Equity SCHF	ETF ETF	$4.3B	12.03%	+$57.1M Bought	— 186.5M shares	Q1 2023 Held for 2y 8m
2 iShares Russell 2000 IWM	ETF ETF	$2.1B	5.78%	-$41.9K Sold	— 8.6M shares	Q1 2023 Held for 2y 8m
3 Vanguard FTSE Emerging Markets VWO	ETF ETF	$1.9B	5.25%	+$22.6M Bought	— 35.0M shares	Q1 2023 Held for 2y 8m
4 Vanguard Short-Term Bond BSV	ETF ETF	$1.5B	4.27%	+$112.9M Bought	— 19.5M shares	Q1 2023 Held for 2y 8m
5 Vanguard Real Estate VNQ	ETF ETF	$1.4B	3.81%	+$53.0M Bought	— 15.0M shares	Q1 2023 Held for 2y 8m
6 Schwab U.S. TIPS SCHP	ETF ETF	$1.2B	3.41%	+$78.9M Bought	— 45.6M shares	Q1 2023 Held for 2y 8m
7 Vanguard Intermediate-Term Treasury VGIT	ETF ETF	$1.2B	3.40%	+$81.2M Bought	— 20.4M shares	Q1 2023 Held for 2y 8m
8 Schwab U.S. Small-Cap ETF SCHA	ETF ETF	$954.3M	2.65%	+$21.2M Bought	— 34.2M shares	Q1 2023 Held for 2y 8m
9 iShares Broad USD Investment Grade Corporate Bond USIG	ETF ETF	$916.5M	2.54%	+$53.9M Bought	— 17.6M shares	Q1 2023 Held for 2y 8m
10 Vanguard Long-Term Treasury VGLT	ETF ETF	$761.6M	2.11%	+$51.7M Bought	— 13.4M shares	Q4 2023 Held for 1y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Empower Advisory Group, LLC's latest filing

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Increased Positions

Position	Shares Δ	Change
1 Vistra VST	New	0 → 316.5K +$62.0M
2 DraftKings Inc. DKNG	New	0 → 607.9K +$22.7M
3 D.R. Horton DHI	New	0 → 6.4K +$1.1M
4 FISV Fiserv, Inc. Common Stock FISV	New	0 → 6.9K +$890.5K
5 Consumer Portfolio Services CPSS	New	0 → 86.2K +$651.1K

Decreased Positions

Position	Shares Δ	Change
1 Trex Company TREX	Sold	131.7K → 0 −$7.2M
2 Fiserv FI	Sold	6.8K → 0 −$1.2M
3 Eagle Bancorp EGBN	Sold	34.2K → 0 −$665.7K
4 Charter Communications, Inc. CHTR	Sold	1.4K → 0 −$561.7K
5 Charles River Laboratories CRL	Sold	2.2K → 0 −$332.8K