The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

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OMB Number: 3235-0006
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Report for the Calendar Year or Quarter Ended: 12-31-2025
Check here if Amendment   Amendment Number:
This Amendment (Check only one.):   is a restatement.
  adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Empowered Funds, LLC
Address: 3803 WEST CHESTER PIKE
SUITE 150
NEWTOWN SQUARE , PA19073
Form 13F File Number: 028-17729

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Brian Massaro
Title: Chief Data Officer
Phone: 12158829983
Signature, Place, and Date of Signing:
Brian Massaro Whitefish Bay , WI 02-11-2026
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
  13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 27
Form 13F Information Table Entry Total: 6524
Form 13F Information Table Value Total: 12,566,071,611
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
028-22595 Altrius Capital Management, Inc.
028-05933 Argent Capital Management, LLC
028-05563 Bridgeway Capital Management, LLC
028-15847 Euclidean Technologies Management, LLC
028-18282 Freedom Day Solutions, LLC
028-21202 Gadsden, LLC
028-06620 Morgan Dempsey Capital Management, LLC
028-21688 Orcam Financial Group, LLC
028-22677 Strive Asset Management, LLC
028-04852 The Burney Company
028-22555 Astoria Portfolio Advisors, LLC
028-19152 Sepio Capital LP
028-23787 Arin Risk Advisors, LLC
028-15611 Carlson Capital Management
028-05750 Keating Investment Counselors, Inc.
028-17745 Alpha Architect, LLC
028-24404 MarketDesk Indices, LLC
028-17008 Cambria Investment Management
028-13780 The Rock Creek Group, LP
028-18631 Smart Money Group, LLC
028-00858 ARS Investment Partners, LLC
028-21017 Castellan Group, LLC
028-05690 Matrix Asset Advisors, Inc.
028-11066 Suncoast Equity Management, LLC
028-10640 Towle Value ETF
028-11952 Dividend Assets Capital, LLC
028-21610 Warren Street Wealth Advisors

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name
1 028-22595 Altrius Capital Management, Inc.
2 028-05933 Argent Capital Management, LLC
3 028-05563 Bridgeway Capital Management, LLC
4 028-15847 Euclidean Technologies Management, LLC
5 028-18282 Freedom Day Solutions, LLC
6 028-21202 Gadsden, LLC
7 028-06620 Morgan Dempsey Capital Management, LLC
8 028-21688 Orcam Financial Group, LLC
9 028-22677 Strive Asset Management, LLC
10 028-04852 The Burney Company
11 028-22555 Astoria Portfolio Advisors, LLC
12 028-19152 Sepio Capital LP
13 028-23787 Arin Risk Advisors, LLC
14 028-15611 Carlson Capital Management
15 028-05750 Keating Investment Counselors, Inc.
16 028-17745 Alpha Architect, LLC
17 028-24404 MarketDesk Indices, LLC
18 028-17008 Cambria Investment Management
19 028-13780 The Rock Creek Group, LP
20 028-18631 Smart Money Group, LLC
21 028-00858 ARS Investment Partners, LLC
22 028-21017 Castellan Group, LLC
23 028-05690 Matrix Asset Advisors, Inc.
24 028-11066 Suncoast Equity Management, LLC
25 028-10640 Towle Value ETF
26 028-11952 Dividend Assets Capital, LLC
27 028-21610 Warren Street Wealth Advisors


ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

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