EMPIRICAL FINANCIAL SERVICES, LLC D.B.A. EMPIRICAL WEALTH MANAGEMENT

Filed: 2/8/2023ACC: 0001085146-23-000761

📋 What this filing means

EMPIRICAL FINANCIAL SERVICES, LLC D.B.A. EMPIRICAL WEALTH MANAGEMENT filed this quarterly 13F‑HR report disclosing 459 equity positions with a total reported market value of $2.12B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

459

Positions

$2.12B

Total AUM (reported)

38.68M

Total Shares

Allocation by class

COM$400.71M18.9%

SHRT TRM CORP BD$133.30M6.3%

STRM INFPROIDX$107.66M5.1%

MSCI USA MMENTM$92.83M4.4%

INT-TERM CORP$78.06M3.7%

MSCI INTL QUALTY$62.48M2.9%

CORE MSCI EMKT$61.42M2.9%

Portfolio Concentration

Top 3$333.79M15.7%

4–10$412.74M19.4%

11–25$489.67M23.1%

Rest$886.93M41.8%

Top 3 weight

15.7%

Top 10 weight

35.2%

Voting Authority Distribution

Total shares with voting rights: 38.68M

Sole

Full voting authority

28.44M

% of voting shares73.5%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

10.23M

% of voting shares26.5%

Investment Discretion (by position count)

Sole459

Shared0

Other0

Dominant voting typeSole · 73.5% of voting shares

Institutional Holdings459

Rows:

VANGUARD SCOTTSDALE FDS

SOLE

SHRT TRM CORP BD

Shares1.77M

TypeSH

Market value$133.30M

6.28%

Sole

1.36M

Shared

0.00

None

415.54K

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares2.30M

TypeSH

Market value$107.66M

5.07%

Sole

1.75M

Shared

0.00

None

555.23K

ISHARES TR

SOLE

MSCI USA MMENTM

Shares636.12K

TypeSH

Market value$92.83M

4.37%

Sole

487.50K

Shared

0.00

None

148.62K

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares1.01M

TypeSH

Market value$78.06M

3.68%

Sole

772.08K

Shared

0.00

None

234.96K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares1.93M

TypeSH

Market value$62.48M

2.94%

Sole

1.39M

Shared

0.00

None

538K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares1.32M

TypeSH

Market value$61.42M

2.89%

Sole

1.02M

Shared

0.00

None

299.39K

DIMENSIONAL ETF TRUST

SOLE

US MKTWIDE VALUE

Shares1.75M

TypeSH

Market value$58.46M

2.75%

Sole

1.31M

Shared

0.00

None

431.17K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares452.49K

TypeSH

Market value$51.57M

2.43%

Sole

333.18K

Shared

0.00

None

119.31K

ISHARES TR

SOLE

EAFE VALUE ETF

Shares1.11M

TypeSH

Market value$51.14M

2.41%

Sole

794.84K

Shared

0.00

None

319.82K

SPDR SER TR

SOLE

BLOOMBERG SHT TE

Shares2.05M

TypeSH

Market value$49.61M

2.34%

Sole

1.59M

Shared

0.00

None

461.02K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares345.61K

TypeSH

Market value$48.51M

2.28%

Sole

260.83K

Shared

0.00

None

84.78K

APPLE INC

SOLE

COM

Shares359.59K

TypeSH

Market value$46.72M

2.20%

Sole

220.66K

Shared

0.00

None

138.93K

DIMENSIONAL ETF TRUST

SOLE

INTERNATNAL VAL

Shares1.53M

TypeSH

Market value$46.60M

2.19%

Sole

1.11M

Shared

0.00

None

426.33K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares726.80K

TypeSH

Market value$42.02M

1.98%

Sole

553.59K

Shared

0.00

None

173.22K

VANGUARD INDEX FDS

SOLE

REAL ESTATE ETF

Shares453.20K

TypeSH

Market value$37.38M

1.76%

Sole

339.05K

Shared

0.00

None

114.15K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares96.59K

TypeSH

Market value$36.94M

1.74%

Sole

91.10K

Shared

0.00

None

5.49K

MICROSOFT CORP

SOLE

COM

Shares142.40K

TypeSH

Market value$34.15M

1.61%

Sole

85.12K

Shared

0.00

None

57.28K

DIMENSIONAL ETF TRUST

SOLE

US TARGETED VLU

Shares753.28K

TypeSH

Market value$33.11M

1.56%

Sole

575.48K

Shared

0.00

None

177.79K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares737.70K

TypeSH

Market value$30.96M

1.46%

Sole

702.82K

Shared

0.00

None

34.88K

BELPOINTE PREP LLC

SOLE

UNIT RP LTD LB A

Shares257.74K

TypeSH

Market value$25.77M

1.21%

Sole

227.62K

Shared

0.00

None

30.12K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE SMCAP ETF

Shares243.42K

TypeSH

Market value$25.03M

1.18%

Sole

192.07K

Shared

0.00

None

51.35K

VANGUARD INDEX FDS

SOLE

SM CP VAL ETF

Shares149.78K

TypeSH

Market value$23.79M

1.12%

Sole

105.90K

Shared

0.00

None

43.88K

DIMENSIONAL ETF TRUST

SOLE

US CORE EQUITY 2

Shares831.11K

TypeSH

Market value$20.18M

0.95%

Sole

543.08K

Shared

0.00

None

288.03K

AMERICAN CENTY ETF TR

SOLE

INTL SMCP VLU

Shares350.25K

TypeSH

Market value$19.39M

0.91%

Sole

239.11K

Shared

0.00

None

111.14K

ALPHABET INC

SOLE

CAP STK CL C

Shares215.53K

TypeSH

Market value$19.12M

0.90%

Sole

91.64K

Shared

0.00

None

123.88K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD SCOTTSDALE FDSSOLE	SHRT TRM CORP BD	1.77M	SH	$133.30M 6.28%	1.36M	415.54K
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	2.30M	SH	$107.66M 5.07%	1.75M	555.23K
ISHARES TRSOLE	MSCI USA MMENTM	636.12K	SH	$92.83M 4.37%	487.50K	148.62K
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	1.01M	SH	$78.06M 3.68%	772.08K	234.96K
ISHARES TRSOLE	MSCI INTL QUALTY	1.93M	SH	$62.48M 2.94%	1.39M	538K
ISHARES INCSOLE	CORE MSCI EMKT	1.32M	SH	$61.42M 2.89%	1.02M	299.39K
DIMENSIONAL ETF TRUSTSOLE	US MKTWIDE VALUE	1.75M	SH	$58.46M 2.75%	1.31M	431.17K
ISHARES TRSOLE	MSCI USA QLT FCT	452.49K	SH	$51.57M 2.43%	333.18K	119.31K
ISHARES TRSOLE	EAFE VALUE ETF	1.11M	SH	$51.14M 2.41%	794.84K	319.82K
SPDR SER TRSOLE	BLOOMBERG SHT TE	2.05M	SH	$49.61M 2.34%	1.59M	461.02K
VANGUARD INDEX FDSSOLE	VALUE ETF	345.61K	SH	$48.51M 2.28%	260.83K	84.78K
APPLE INCSOLE	COM	359.59K	SH	$46.72M 2.20%	220.66K	138.93K
DIMENSIONAL ETF TRUSTSOLE	INTERNATNAL VAL	1.53M	SH	$46.60M 2.19%	1.11M	426.33K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	726.80K	SH	$42.02M 1.98%	553.59K	173.22K
VANGUARD INDEX FDSSOLE	REAL ESTATE ETF	453.20K	SH	$37.38M 1.76%	339.05K	114.15K
SPDR S&P 500 ETF TRSOLE	TR UNIT	96.59K	SH	$36.94M 1.74%	91.10K	5.49K
MICROSOFT CORPSOLE	COM	142.40K	SH	$34.15M 1.61%	85.12K	57.28K
DIMENSIONAL ETF TRUSTSOLE	US TARGETED VLU	753.28K	SH	$33.11M 1.56%	575.48K	177.79K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	737.70K	SH	$30.96M 1.46%	702.82K	34.88K
BELPOINTE PREP LLCSOLE	UNIT RP LTD LB A	257.74K	SH	$25.77M 1.21%	227.62K	30.12K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE SMCAP ETF	243.42K	SH	$25.03M 1.18%	192.07K	51.35K
VANGUARD INDEX FDSSOLE	SM CP VAL ETF	149.78K	SH	$23.79M 1.12%	105.90K	43.88K
DIMENSIONAL ETF TRUSTSOLE	US CORE EQUITY 2	831.11K	SH	$20.18M 0.95%	543.08K	288.03K
AMERICAN CENTY ETF TRSOLE	INTL SMCP VLU	350.25K	SH	$19.39M 0.91%	239.11K	111.14K
ALPHABET INCSOLE	CAP STK CL C	215.53K	SH	$19.12M 0.90%	91.64K	123.88K

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