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

Filed: 5/9/2023ACC: 0001085146-23-002163

📋 What this filing means

EMPIRICAL FINANCIAL SERVICES, LLC D.B.A. EMPIRICAL WEALTH MANAGEMENT filed this quarterly 13F‑HR report disclosing 463 equity positions with a total reported market value of $2.31B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

463

Positions

$2.31B

Total AUM (reported)

40.13M

Total Shares

Allocation by class

COM$444.60M19.3%

SHRT TRM CORP BD$139.02M6.0%

STRM INFPROIDX$110.36M4.8%

MSCI USA MMENTM$97.57M4.2%

INT-TERM CORP$84.45M3.7%

MSCI INTL QUALTY$72.49M3.1%

CORE MSCI EMKT$68.15M3.0%

Portfolio Concentration

Top 3$346.96M15.0%

4–10$473.62M20.5%

11–25$541.06M23.5%

Rest$944.24M40.9%

Top 3 weight

15.0%

Top 10 weight

35.6%

Voting Authority Distribution

Total shares with voting rights: 40.13M

Sole

Full voting authority

35.38M

% of voting shares88.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

4.75M

% of voting shares11.8%

Investment Discretion (by position count)

Sole463

Shared0

Other0

Dominant voting typeSole · 88.2% of voting shares

Institutional Holdings463

Rows:

VANGUARD SCOTTSDALE FDS

SOLE

SHRT TRM CORP BD

Shares1.82M

TypeSH

Market value$139.02M

6.03%

Sole

1.56M

Shared

0.00

None

267.34K

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares2.31M

TypeSH

Market value$110.36M

4.79%

Sole

2.03M

Shared

0.00

None

282.63K

ISHARES TR

SOLE

MSCI USA MMENTM

Shares701.76K

TypeSH

Market value$97.57M

4.23%

Sole

623.57K

Shared

0.00

None

78.19K

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares1.05M

TypeSH

Market value$84.45M

3.66%

Sole

899.41K

Shared

0.00

None

153.31K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares2.05M

TypeSH

Market value$72.49M

3.14%

Sole

1.85M

Shared

0.00

None

206.02K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares1.40M

TypeSH

Market value$68.15M

2.96%

Sole

1.26M

Shared

0.00

None

140.61K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares532.46K

TypeSH

Market value$66.06M

2.86%

Sole

474.43K

Shared

0.00

None

58.03K

APPLE INC

SOLE

COM

Shares387.44K

TypeSH

Market value$63.89M

2.77%

Sole

332.62K

Shared

0.00

None

54.82K

DIMENSIONAL ETF TRUST

SOLE

US MKTWIDE VALUE

Shares1.79M

TypeSH

Market value$60.07M

2.60%

Sole

1.50M

Shared

0.00

None

295.47K

ISHARES TR

SOLE

EAFE VALUE ETF

Shares1.21M

TypeSH

Market value$58.51M

2.54%

Sole

1.10M

Shared

0.00

None

103.58K

SPDR SER TR

SOLE

BLOOMBERG SHT TE

Shares2.14M

TypeSH

Market value$53.24M

2.31%

Sole

1.91M

Shared

0.00

None

231.34K

DIMENSIONAL ETF TRUST

SOLE

INTERNATNAL VAL

Shares1.61M

TypeSH

Market value$51.81M

2.25%

Sole

1.42M

Shared

0.00

None

186.84K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares362.39K

TypeSH

Market value$50.05M

2.17%

Sole

312.49K

Shared

0.00

None

49.90K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares746.65K

TypeSH

Market value$43.71M

1.90%

Sole

628.25K

Shared

0.00

None

118.41K

MICROSOFT CORP

SOLE

COM

Shares146.77K

TypeSH

Market value$42.31M

1.84%

Sole

119.16K

Shared

0.00

None

27.61K

VANGUARD INDEX FDS

SOLE

REAL ESTATE ETF

Shares483.41K

TypeSH

Market value$40.14M

1.74%

Sole

433.30K

Shared

0.00

None

50.11K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares97.68K

TypeSH

Market value$39.99M

1.73%

Sole

97K

Shared

0.00

None

686.00

DIMENSIONAL ETF TRUST

SOLE

US TARGETED VLU

Shares806.56K

TypeSH

Market value$35.89M

1.56%

Sole

726.76K

Shared

0.00

None

79.80K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares743.02K

TypeSH

Market value$33.56M

1.46%

Sole

736.05K

Shared

0.00

None

6.96K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE SMCAP ETF

Shares258.91K

TypeSH

Market value$28.28M

1.23%

Sole

240.22K

Shared

0.00

None

18.68K

BELPOINTE PREP LLC

SOLE

UNIT RP LTD LB A

Shares281.76K

TypeSH

Market value$26.43M

1.15%

Sole

271.59K

Shared

0.00

None

10.18K

ISHARES TR

SOLE

0-5 YR TIPS ETF

Shares263.15K

TypeSH

Market value$26.11M

1.13%

Sole

228.40K

Shared

0.00

None

34.75K

VANGUARD INDEX FDS

SOLE

SM CP VAL ETF

Shares157.19K

TypeSH

Market value$24.96M

1.08%

Sole

144.09K

Shared

0.00

None

13.10K

AMERICAN CENTY ETF TR

SOLE

INTL SMCP VLU

Shares392.81K

TypeSH

Market value$22.97M

1.00%

Sole

364.21K

Shared

0.00

None

28.59K

ALPHABET INC

SOLE

CAP STK CL C

Shares207.66K

TypeSH

Market value$21.60M

0.94%

Sole

193.57K

Shared

0.00

None

14.08K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD SCOTTSDALE FDSSOLE	SHRT TRM CORP BD	1.82M	SH	$139.02M 6.03%	1.56M	267.34K
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	2.31M	SH	$110.36M 4.79%	2.03M	282.63K
ISHARES TRSOLE	MSCI USA MMENTM	701.76K	SH	$97.57M 4.23%	623.57K	78.19K
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	1.05M	SH	$84.45M 3.66%	899.41K	153.31K
ISHARES TRSOLE	MSCI INTL QUALTY	2.05M	SH	$72.49M 3.14%	1.85M	206.02K
ISHARES INCSOLE	CORE MSCI EMKT	1.40M	SH	$68.15M 2.96%	1.26M	140.61K
ISHARES TRSOLE	MSCI USA QLT FCT	532.46K	SH	$66.06M 2.86%	474.43K	58.03K
APPLE INCSOLE	COM	387.44K	SH	$63.89M 2.77%	332.62K	54.82K
DIMENSIONAL ETF TRUSTSOLE	US MKTWIDE VALUE	1.79M	SH	$60.07M 2.60%	1.50M	295.47K
ISHARES TRSOLE	EAFE VALUE ETF	1.21M	SH	$58.51M 2.54%	1.10M	103.58K
SPDR SER TRSOLE	BLOOMBERG SHT TE	2.14M	SH	$53.24M 2.31%	1.91M	231.34K
DIMENSIONAL ETF TRUSTSOLE	INTERNATNAL VAL	1.61M	SH	$51.81M 2.25%	1.42M	186.84K
VANGUARD INDEX FDSSOLE	VALUE ETF	362.39K	SH	$50.05M 2.17%	312.49K	49.90K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	746.65K	SH	$43.71M 1.90%	628.25K	118.41K
MICROSOFT CORPSOLE	COM	146.77K	SH	$42.31M 1.84%	119.16K	27.61K
VANGUARD INDEX FDSSOLE	REAL ESTATE ETF	483.41K	SH	$40.14M 1.74%	433.30K	50.11K
SPDR S&P 500 ETF TRSOLE	TR UNIT	97.68K	SH	$39.99M 1.73%	97K	686.00
DIMENSIONAL ETF TRUSTSOLE	US TARGETED VLU	806.56K	SH	$35.89M 1.56%	726.76K	79.80K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	743.02K	SH	$33.56M 1.46%	736.05K	6.96K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE SMCAP ETF	258.91K	SH	$28.28M 1.23%	240.22K	18.68K
BELPOINTE PREP LLCSOLE	UNIT RP LTD LB A	281.76K	SH	$26.43M 1.15%	271.59K	10.18K
ISHARES TRSOLE	0-5 YR TIPS ETF	263.15K	SH	$26.11M 1.13%	228.40K	34.75K
VANGUARD INDEX FDSSOLE	SM CP VAL ETF	157.19K	SH	$24.96M 1.08%	144.09K	13.10K
AMERICAN CENTY ETF TRSOLE	INTL SMCP VLU	392.81K	SH	$22.97M 1.00%	364.21K	28.59K
ALPHABET INCSOLE	CAP STK CL C	207.66K	SH	$21.60M 0.94%	193.57K	14.08K

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