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

Filed: 8/11/2023ACC: 0001085146-23-003291

📋 What this filing means

EMPIRICAL FINANCIAL SERVICES, LLC D.B.A. EMPIRICAL WEALTH MANAGEMENT filed this quarterly 13F‑HR report disclosing 460 equity positions with a total reported market value of $2.49B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

460

Positions

$2.49B

Total AUM (reported)

41.43M

Total Shares

Allocation by class

COM$533.44M21.5%

SHRT TRM CORP BD$141.86M5.7%

STRM INFPROIDX$119.57M4.8%

MSCI USA MMENTM$108.89M4.4%

INT-TERM CORP$85.14M3.4%

MSCI INTL QUALTY$77.42M3.1%

MSCI USA QLT FCT$77.08M3.1%

Portfolio Concentration

Top 3$370.31M14.9%

4–10$506.40M20.4%

11–25$562.91M22.6%

Rest$1.05B42.1%

Top 3 weight

14.9%

Top 10 weight

35.3%

Voting Authority Distribution

Total shares with voting rights: 41.43M

Sole

Full voting authority

36.90M

% of voting shares89.1%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

4.54M

% of voting shares10.9%

Investment Discretion (by position count)

Sole460

Shared0

Other0

Dominant voting typeSole · 89.1% of voting shares

Institutional Holdings460

Rows:

VANGUARD SCOTTSDALE FDS

SOLE

SHRT TRM CORP BD

Shares1.87M

TypeSH

Market value$141.86M

5.71%

Sole

1.62M

Shared

0.00

None

257.51K

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares2.52M

TypeSH

Market value$119.57M

4.81%

Sole

2.24M

Shared

0.00

None

281.11K

ISHARES TR

SOLE

MSCI USA MMENTM

Shares754.84K

TypeSH

Market value$108.89M

4.38%

Sole

672.16K

Shared

0.00

None

82.68K

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares1.08M

TypeSH

Market value$85.14M

3.43%

Sole

931.24K

Shared

0.00

None

146.13K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares2.17M

TypeSH

Market value$77.42M

3.11%

Sole

1.97M

Shared

0.00

None

206.33K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares571.53K

TypeSH

Market value$77.08M

3.10%

Sole

512.56K

Shared

0.00

None

58.97K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares1.45M

TypeSH

Market value$71.24M

2.87%

Sole

1.30M

Shared

0.00

None

144.79K

APPLE INC

SOLE

COM

Shares365.13K

TypeSH

Market value$70.82M

2.85%

Sole

311.52K

Shared

0.00

None

53.61K

ISHARES TR

SOLE

EAFE VALUE ETF

Shares1.29M

TypeSH

Market value$63.31M

2.55%

Sole

1.19M

Shared

0.00

None

102.53K

DIMENSIONAL ETF TRUST

SOLE

US MKTWIDE VALUE

Shares1.78M

TypeSH

Market value$61.39M

2.47%

Sole

1.48M

Shared

0.00

None

295.86K

MICROSOFT CORP

SOLE

COM

Shares167.54K

TypeSH

Market value$57.05M

2.30%

Sole

139.97K

Shared

0.00

None

27.57K

SPDR SER TR

SOLE

BLOOMBERG SHT TE

Shares2.29M

TypeSH

Market value$56.48M

2.27%

Sole

2.05M

Shared

0.00

None

235.38K

DIMENSIONAL ETF TRUST

SOLE

INTERNATNAL VAL

Shares1.65M

TypeSH

Market value$54.08M

2.18%

Sole

1.46M

Shared

0.00

None

190.82K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares332.59K

TypeSH

Market value$47.26M

1.90%

Sole

286.09K

Shared

0.00

None

46.50K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares769.22K

TypeSH

Market value$44.41M

1.79%

Sole

653.16K

Shared

0.00

None

116.06K

VANGUARD INDEX FDS

SOLE

REAL ESTATE ETF

Shares525.21K

TypeSH

Market value$43.89M

1.77%

Sole

472.90K

Shared

0.00

None

52.31K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares96.69K

TypeSH

Market value$42.86M

1.72%

Sole

96K

Shared

0.00

None

686.00

DIMENSIONAL ETF TRUST

SOLE

US TARGETED VLU

Shares827.67K

TypeSH

Market value$38.40M

1.54%

Sole

748.80K

Shared

0.00

None

78.87K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares742.04K

TypeSH

Market value$34.27M

1.38%

Sole

735.13K

Shared

0.00

None

6.91K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE SMCAP ETF

Shares237.04K

TypeSH

Market value$26.19M

1.05%

Sole

220.40K

Shared

0.00

None

16.64K

AMERICAN CENTY ETF TR

SOLE

INTL SMCP VLU

Shares433.50K

TypeSH

Market value$24.95M

1.00%

Sole

403.89K

Shared

0.00

None

29.62K

ISHARES TR

SOLE

0-5 YR TIPS ETF

Shares252.39K

TypeSH

Market value$24.63M

0.99%

Sole

218.44K

Shared

0.00

None

33.95K

BELPOINTE PREP LLC

SOLE

UNIT RP LTD LB A

Shares273.56K

TypeSH

Market value$23.54M

0.95%

Sole

263.38K

Shared

0.00

None

10.18K

NVIDIA CORPORATION

SOLE

COM

Shares53.59K

TypeSH

Market value$22.67M

0.91%

Sole

46.85K

Shared

0.00

None

6.75K

VANGUARD INDEX FDS

SOLE

SM CP VAL ETF

Shares134.47K

TypeSH

Market value$22.24M

0.89%

Sole

122.36K

Shared

0.00

None

12.11K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD SCOTTSDALE FDSSOLE	SHRT TRM CORP BD	1.87M	SH	$141.86M 5.71%	1.62M	257.51K
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	2.52M	SH	$119.57M 4.81%	2.24M	281.11K
ISHARES TRSOLE	MSCI USA MMENTM	754.84K	SH	$108.89M 4.38%	672.16K	82.68K
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	1.08M	SH	$85.14M 3.43%	931.24K	146.13K
ISHARES TRSOLE	MSCI INTL QUALTY	2.17M	SH	$77.42M 3.11%	1.97M	206.33K
ISHARES TRSOLE	MSCI USA QLT FCT	571.53K	SH	$77.08M 3.10%	512.56K	58.97K
ISHARES INCSOLE	CORE MSCI EMKT	1.45M	SH	$71.24M 2.87%	1.30M	144.79K
APPLE INCSOLE	COM	365.13K	SH	$70.82M 2.85%	311.52K	53.61K
ISHARES TRSOLE	EAFE VALUE ETF	1.29M	SH	$63.31M 2.55%	1.19M	102.53K
DIMENSIONAL ETF TRUSTSOLE	US MKTWIDE VALUE	1.78M	SH	$61.39M 2.47%	1.48M	295.86K
MICROSOFT CORPSOLE	COM	167.54K	SH	$57.05M 2.30%	139.97K	27.57K
SPDR SER TRSOLE	BLOOMBERG SHT TE	2.29M	SH	$56.48M 2.27%	2.05M	235.38K
DIMENSIONAL ETF TRUSTSOLE	INTERNATNAL VAL	1.65M	SH	$54.08M 2.18%	1.46M	190.82K
VANGUARD INDEX FDSSOLE	VALUE ETF	332.59K	SH	$47.26M 1.90%	286.09K	46.50K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	769.22K	SH	$44.41M 1.79%	653.16K	116.06K
VANGUARD INDEX FDSSOLE	REAL ESTATE ETF	525.21K	SH	$43.89M 1.77%	472.90K	52.31K
SPDR S&P 500 ETF TRSOLE	TR UNIT	96.69K	SH	$42.86M 1.72%	96K	686.00
DIMENSIONAL ETF TRUSTSOLE	US TARGETED VLU	827.67K	SH	$38.40M 1.54%	748.80K	78.87K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	742.04K	SH	$34.27M 1.38%	735.13K	6.91K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE SMCAP ETF	237.04K	SH	$26.19M 1.05%	220.40K	16.64K
AMERICAN CENTY ETF TRSOLE	INTL SMCP VLU	433.50K	SH	$24.95M 1.00%	403.89K	29.62K
ISHARES TRSOLE	0-5 YR TIPS ETF	252.39K	SH	$24.63M 0.99%	218.44K	33.95K
BELPOINTE PREP LLCSOLE	UNIT RP LTD LB A	273.56K	SH	$23.54M 0.95%	263.38K	10.18K
NVIDIA CORPORATIONSOLE	COM	53.59K	SH	$22.67M 0.91%	46.85K	6.75K
VANGUARD INDEX FDSSOLE	SM CP VAL ETF	134.47K	SH	$22.24M 0.89%	122.36K	12.11K

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