Empower Advisory Group, LLC — 13F Holdings & Portfolio

CIK 1978885 · latest 13F-HR filed 2026-08-12

Empower Advisory Group, LLC manages $41.92B in 13F-reported U.S. long-equity assets across 533 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SCHF (12.06%), IWM (5.68%), VWO (5.09%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 45 new positions and exited 23; 296 existing positions rose in reported value and 107 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

AUM

$41.92B

Long-equity book

Holdings

533

Distinct positions

Period

2026-06-30

Filed 2026-08-12

Q/Q Activity

+45 / −23 / ↑296 / ↓107

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26

SCHF12.1% · -2%IWM5.7% · -8%VWO5.1% · +1%BSV4.5% · +8%VNQ4.0% · +4%VGIT3.6% · +8%SCHP3.6% · +7%SCHA3.2% · +2%USIG2.7% · +8%VGLT2.2% · +9%VSS1.9% · +1%VNQI1.7% · +6%EBND1.5% · +8%AAPL1.4% · -0%NVDA1.4% · -2%ESGD1.3% · -1%SHYG1.3% · +8%GLDM1.2% · +11%PDBC1.2% · -5%VTI1.2% · +6%AMZN1.2% · +0%GOOG1.2% · +0%BNDX1.1% · +13%MSFT1.0% · +5%IAU0.9% · -3%META0.8% · +9%LLY0.8% · +3%WMT0.7% · +0%JPM0.7% · +2%TSLA0.7% · +4%BRK.B0.7% · +4%ESGE0.6% · -11%XOM0.6% · +1%JNJ0.5% · +1%MA0.5% · +9%UNH0.5% · +13%NEE0.5% · +2%LIN0.4% · +3%CAT0.4% · -0%COST0.4% · +3%DUK0.4% · +4%GE0.4% · +18%IWB0.4% · -3%PG0.4% · +8%AVGO0.4% · -0%DASH0.4% · +75%SO0.4% · +3%DIS0.4% · +5%NUE0.4% · -1%RSP0.4% · +9%CVX0.4% · +2%HD0.4% · +10%ECL0.3% · -19%MNST0.3% · +1%NFLX0.3% · +4%NEM0.3% · -0%SCCO0.3% · +12%ADM0.3% · +1%SBUX0.3% · +2%ABBV0.3% · -1%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 46.7%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Assets Under Management

$195.43B

Discretionary

$164.24B

Employees

8,051

Accounts

297,074

Address

8515 EAST ORCHARD RD 4T2
GREENWOOD VILLAGE, CO 80111

Phone

(866) 575-4977

Website

empower.com/eag
empower.com

This firm reports 5 disclosure items on its registration.

Name	Title / Status	Ownership	Type
BIRK, CRAIG, ALAN Control	MANAGER	Less than 5%	Individual
DESMARAIS, ANDRE, ROGER Control	TRUSTEE	General partner	Individual
DESMARAIS, PAUL, GUY Control	TRUSTEE	General partner	Individual
DOER, GARY, ALBERT Control	TRUSTEE	General partner	Individual
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA Control	MEMBER	75% or more	Domestic Entity
EMPOWER HOLDINGS, LLC Control	MEMBER	75% or more	Domestic Entity
EMPOWER SERVICES HOLDINGS US, LLC Control	SOLE MEMBER	75% or more	Domestic Entity
FLEMING, GREGORY, JAMES Control	TRUSTEE	General partner	Individual
GREAT-WEST FINANCIAL (NOVA SCOTIA) CO. Control	MEMBER	75% or more	Foreign Entity
GREAT-WEST LIFECO INC. Control	MEMBER	75% or more	Foreign Entity
GREAT-WEST LIFECO U.S. LLC Control	MEMBER	75% or more	Domestic Entity
JEFFRIES, WILLIAM, CRAIG Control	MANAGER AND VP OPERATIONS	Less than 5%	Individual
Kavan, Adam Control	ASSISTANT GENERAL COUNSEL	Less than 5%	Individual
LINTON, RICHARD, HENRY Control	PRESIDENT AND CEO OF EAG, MANAGER	Less than 5%	Individual
MANDEVILLE, NATHANIEL, ALLEN Control	MANAGER AND TREASURER	Less than 5%	Individual
MCLEOD, DAVID, GEORGE Control	MANAGER	Less than 5%	Individual
PANSOLO HOLDING INC. Control	SHAREHOLDER	50–75%	Foreign Entity
POWER CORPORATION OF CANADA Control	SHAREHOLDER	75% or more	Foreign Entity
POWER FINANCIAL CORPORATION Control	SHAREHOLDER	50–75%	Foreign Entity
Patel, Palak Control	SECRETARY	Less than 5%	Individual
SCHULITZ, FREDERICK Control	VP, PARTICIPANT ADVISORY SERVICES	Less than 5%	Individual
STILLMAN, STEVEN, JAMES Control	MANAGER	Less than 5%	Individual
Secor, Stephanie, Anne Control	CHIEF COMPLIANCE OFFICER	Less than 5%	Individual
THE DEMARAIS FAMILY RESIDUARY TRUST Control	SHAREHOLDER	75% or more	Foreign Entity
WADDELL, CAROL, ELAINE Control	MANAGER	Less than 5%	Individual
DESMARAIS, SOPHIE, CAROLINE	TRUSTEE, NON-VOTING	General partner	Individual
GALBAUGH, ALYSSA, TAYLOR	ASSISTANT SECRETARY	Less than 5%	Individual

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

SCHWAB STRATEGIC TR$461.0M +10.0%
SCHWAB STRATEGIC TR$288.9M +26.9%
ISHARES TR$251.7M +11.8%
VANGUARD INTL EQUITY INDEX F$214.3M +11.2%
VANGUARD INDEX FDS$199.1M +13.3%

Show all 296 →

Top Trims

ISHARES GOLD TR-$80.9M -17.0%
INVESCO ACTVELY MNGD ETC FD-$77.6M -13.0%
BAKER HUGHES COMPANY-$65.0M -47.6%
DOMINION ENERGY INC-$62.2M -99.1%
MATCH GROUP INC NEW-$56.7M -83.3%

Show all 107 →

New Positions

Show all 45 →

Exited Positions

Show all 23 →

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#	Issuer	Symbol	CUSIP	Value	Δ

Empower Advisory Group, LLC Holdings (2026-06-30)

#	Issuer	Symbol	CUSIP	Value	Weight	Shares	Type
1	SCHWAB STRATEGIC TR	SCHF	808524805	$5.06B	12.06%	182,562,625	SH
2	ISHARES TR	IWM	464287655	$2.38B	5.68%	7,928,734	SH
3	VANGUARD INTL EQUITY INDEX F	VWO	922042858	$2.13B	5.09%	35,767,193	SH
4	VANGUARD BD INDEX FDS	BSV	921937827	$1.89B	4.52%	24,303,617	SH
5	VANGUARD INDEX FDS	VNQ	922908553	$1.70B	4.05%	17,590,235	SH
6	VANGUARD SCOTTSDALE FDS	VGIT	92206C706	$1.51B	3.60%	25,562,812	SH
7	SCHWAB STRATEGIC TR	SCHP	808524870	$1.50B	3.58%	56,682,533	SH
8	SCHWAB STRATEGIC TR	SCHA	808524607	$1.36B	3.25%	37,697,754	SH
9	ISHARES TR	USIG	464288620	$1.13B	2.68%	21,938,094	SH
10	VANGUARD SCOTTSDALE FDS	VGLT	92206C847	$933.6M	2.23%	16,920,030	SH
11	VANGUARD INTL EQUITY INDEX F	VSS	922042718	$777.8M	1.86%	5,041,385	SH
12	VANGUARD INTL EQUITY INDEX F	VNQI	922042676	$694.5M	1.66%	15,483,969	SH
13	SPDR SERIES TRUST	EBND	78464A391	$625.3M	1.49%	29,889,679	SH
14	APPLE INC	AAPL	037833100	$606.7M	1.45%	2,096,561	SH
15	NVIDIA CORPORATION	NVDA	67066G104	$566.7M	1.35%	2,832,261	SH
16	ISHARES TR	ESGD	46435G516	$558.4M	1.33%	5,431,650	SH
17	ISHARES TR	SHYG	46434V407	$553.5M	1.32%	13,050,164	SH
18	WORLD GOLD TR	GLDM	98149E303	$522.7M	1.25%	6,581,765	SH
19	INVESCO ACTVELY MNGD ETC FD	PDBC	46090F100	$520.0M	1.24%	32,745,235	SH
20	VANGUARD INDEX FDS	VTI	922908769	$510.0M	1.22%	1,378,311	SH
21	AMAZON COM INC	AMZN	023135106	$509.8M	1.22%	2,139,156	SH
22	ALPHABET INC	GOOG	02079K107	$505.1M	1.20%	1,429,431	SH
23	VANGUARD CHARLOTTE FDS	BNDX	92203J407	$478.7M	1.14%	9,884,431	SH
24	MICROSOFT CORP	MSFT	594918104	$438.2M	1.05%	1,174,622	SH
25	ISHARES GOLD TR	IAU	464285204	$395.5M	0.94%	5,237,754	SH
26	META PLATFORMS INC	META	30303M102	$342.6M	0.82%	608,286	SH
27	ELI LILLY & CO	LLY	532457108	$321.5M	0.77%	268,075	SH
28	WALMART INC	WMT	931142103	$303.4M	0.72%	2,678,512	SH
29	JPMORGAN CHASE & CO	JPM	46625H100	$289.5M	0.69%	884,396	SH
30	TESLA INC	TSLA	88160R101	$289.1M	0.69%	687,262	SH
31	BERKSHIRE HATHAWAY INC DEL	BRK.B	084670702	$276.9M	0.66%	553,421	SH
32	ISHARES INC	ESGE	46434G863	$254.6M	0.61%	4,655,004	SH
33	EXXON MOBIL CORP	XOM	30231G102	$243.2M	0.58%	1,778,973	SH
34	JOHNSON & JOHNSON	JNJ	478160104	$229.9M	0.55%	905,317	SH
35	MASTERCARD INCORPORATED	MA	57636Q104	$225.9M	0.54%	439,850	SH
36	UNITEDHEALTH GROUP INC	UNH	91324P102	$208.4M	0.50%	501,433	SH
37	NEXTERA ENERGY INC	NEE	65339F101	$188.6M	0.45%	2,148,375	SH
38	LINDE PLC	LIN	G54950103	$182.5M	0.44%	351,687	SH
39	CATERPILLAR INC	CAT	149123101	$182.5M	0.44%	171,332	SH
40	COSTCO WHOLESALE CORPORATION	COST	22160K105	$181.9M	0.43%	194,416	SH
41	DUKE ENERGY CORP NEW	DUK	26441C204	$178.1M	0.42%	1,406,743	SH
42	GE AEROSPACE	GE	369604301	$177.8M	0.42%	475,630	SH
43	ISHARES TR	IWB	464287622	$176.3M	0.42%	430,492	SH
44	PROCTER & GAMBLE CO	PG	742718109	$168.2M	0.40%	1,147,249	SH
45	BROADCOM INC	AVGO	11135F101	$166.3M	0.40%	440,326	SH
46	DOORDASH INC	DASH	25809K105	$163.6M	0.39%	886,708	SH
47	SOUTHERN CO	SO	842587107	$156.5M	0.37%	1,634,931	SH
48	DISNEY WALT CO	DIS	254687106	$154.7M	0.37%	1,606,937	SH
49	NUCOR CORP	NUE	670346105	$152.2M	0.36%	683,400	SH
50	INVESCO EXCHANGE TRADED FD T	RSP	46137V357	$151.1M	0.36%	709,955	SH

Filing History

Period	Filed	AUM	Holdings	Accession
2026-06-30	2026-08-12	$41.92B	533	0001420506-26-001546
2026-03-31	2026-05-14	$38.52B	511	0001420506-26-000999
2025-12-31	2026-02-12	$37.03B	501	0001420506-26-000324
2025-09-30	2025-11-14	$36.08B	528	0001420506-25-003276

Filer Information

Address

8515 EAST ORCHARD ROAD 4T2
GREENWOOD VILLAGE, CO 80111

Phone

(303) 737-6010

Filing Manager

Empower Advisory Group, LLC

Greenwood Village, CO

Signatory

Stephanie Secor

CHIEF COMPLIANCE OFFICER