EMPIRICAL CAPITAL MANAGEMENT LLC
Q2 2025 Form 13-F
HENDERSONVILLE, DELAWARE
CIK 0001642274
· CRD 160509
· SEC-registered investment adviser
$161.5M Reported Value Total
EMPIRICAL CAPITAL MANAGEMENT, LLC reports 2 total accounts under management (AUM). There are 2 discretionary accounts valued at $152,663,331, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
2 funds
· $152.1M gross asset value
Hedge Fund: $152.1M
Source: Form ADV filed 2026-09-17
Reported value
$161.5M
Quarter over quarter
+21.7%
Holdings
14
Top-10 concentration
94.8%
Key People
Form ADV owners & control persons
Tina Jayne Blackman
MEMBER
Bryan Kennard Blackman
CO-MANAGER
Cristan Kinnard Blackman
MANAGER AND MEMBER
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Q2 2025 13F record
Q2 2025 13F filing summary
| Period of report | June 30, 2025 |
|---|---|
| Filed | August 15, 2025 |
| Form | 13F-HR |
| Reported value | $161.5M |
| Positions | 14 |
| Change in reported value | +14.7% |
| New positions | 3 |
| Exited positions | 3 |
| Position turnover | 35.3% |
| Top-10 concentration | 94.8% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 27, 2026
|
19 | $336.4M |
|
Q2 2026 13F
Filed Jul 20, 2026
|
17 | $365.9M |
|
Q1 2026 13F
Filed May 15, 2026
|
15 | $166.9M |
|
Q4 2025 13F
Filed Feb 10, 2026
|
11 | $152.1M |
|
Q3 2025 13F
Filed Feb 9, 2026
|
12 | $147.9M |
|
Q2 2025 13F
Filed Aug 15, 2025
|
14 | $161.5M |
|
Q1 2025 13F
Filed May 16, 2025
|
14 | $140.8M |
|
Q4 2024 13F
Filed Feb 21, 2025
|
12 | $132.6M |
|
Q3 2024 13F
Filed Nov 15, 2024
|
19 | $143.1M |
|
Q2 2024 13F
Filed Aug 15, 2024
|
16 | $140.3M |
|
Q1 2024 13F
Filed May 16, 2024
|
17 | $123.2M |
|
Q4 2023 13F
Filed Feb 14, 2024
|
14 | $109.3M |
|
Q3 2022 13F
Filed Nov 15, 2022
|
24 | $97.4M |
|
Q2 2022 13F
Filed Aug 16, 2022
|
23 | $101.7M |
|
Q1 2022 13F
Filed May 17, 2022
|
23 | $105.5M |
|
Q4 2021 13F
Filed Feb 16, 2022
|
20 | $101.3M |
18 earlier quarters on file — choose one from the quarter menu above.
Top 14 holdings · Q2 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | PLTR PALANTIR TECHNOLOGIES INC-A | $28.3M | 17.51% |
| 2 | ROKU ROKU INC | $25.5M | 15.8% |
| 3 | AMZN AMAZON.COM INC | $21.9M | 13.58% |
| 4 | WMT WAL-MART STORES INC | $16.6M | 10.29% |
| 5 | TTWO TAKE-TWO INTERACTIVE SOFTWRE | $16.2M | 10.0% |
| 6 | TJX TJX COMPANIES INC | $12.3M | 7.64% |
| 7 | COST COSTCO WHOLESALE CORP | $11.2M | 6.96% |
| 8 | XPO XPO LOGISTICS INC | $9.2M | 5.71% |
| 9 | PINS PINTEREST INC- CLASS A | $7.4M | 4.55% |
| 10 | GOOGL ALPHABET INC-CL A | $4.4M | 2.73% |
| 11 | FDX FEDEX CORP | $3.6M | 2.25% |
| 12 | TFIN TRIUMPH BANCORP INC | $2.5M | 1.54% |
| 13 | TSLA TESLA MOTORS INC | $1.9M | 1.18% |
| 14 | DKNG DRAFTKINGS INC | $429.0K | 0.27% |
Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.