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

Filed: 11/3/2023ACC: 0001085146-23-004048

📋 What this filing means

EMPIRICAL FINANCIAL SERVICES, LLC D.B.A. EMPIRICAL WEALTH MANAGEMENT filed this quarterly 13F‑HR report disclosing 465 equity positions with a total reported market value of $2.55B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

465

Positions

$2.55B

Total AUM (reported)

43.05M

Total Shares

Allocation by class

COM$594.52M23.3%

SHRT TRM CORP BD$146.95M5.8%

STRM INFPROIDX$134.80M5.3%

MSCI USA MMENTM$109.81M4.3%

INT-TERM CORP$84.20M3.3%

MSCI USA QLT FCT$77.77M3.0%

MSCI INTL QUALTY$75.90M3.0%

Portfolio Concentration

Top 3$391.56M15.3%

4–10$546.44M21.4%

11–25$549.75M21.5%

Rest$1.07B41.7%

Top 3 weight

15.3%

Top 10 weight

36.7%

Voting Authority Distribution

Total shares with voting rights: 43.05M

Sole

Full voting authority

36.62M

% of voting shares85.1%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

6.43M

% of voting shares14.9%

Investment Discretion (by position count)

Sole465

Shared0

Other0

Dominant voting typeSole · 85.1% of voting shares

Institutional Holdings465

Rows:

VANGUARD SCOTTSDALE FDS

SOLE

SHRT TRM CORP BD

Shares1.96M

TypeSH

Market value$146.95M

5.76%

Sole

1.65M

Shared

0.00

None

302.78K

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares2.85M

TypeSH

Market value$134.80M

5.28%

Sole

2.43M

Shared

0.00

None

424.94K

ISHARES TR

SOLE

MSCI USA MMENTM

Shares786.01K

TypeSH

Market value$109.81M

4.30%

Sole

680.57K

Shared

0.00

None

105.44K

APPLE INC

SOLE

COM

Shares619.76K

TypeSH

Market value$106.11M

4.16%

Sole

294.06K

Shared

0.00

None

325.70K

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares1.11M

TypeSH

Market value$84.20M

3.30%

Sole

939.22K

Shared

0.00

None

168.94K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares590.07K

TypeSH

Market value$77.77M

3.05%

Sole

513.88K

Shared

0.00

None

76.20K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares2.26M

TypeSH

Market value$75.90M

2.97%

Sole

1.97M

Shared

0.00

None

292.15K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares1.50M

TypeSH

Market value$71.62M

2.81%

Sole

1.33M

Shared

0.00

None

176.84K

ISHARES TR

SOLE

EAFE VALUE ETF

Shares1.37M

TypeSH

Market value$67.14M

2.63%

Sole

1.22M

Shared

0.00

None

147.57K

DIMENSIONAL ETF TRUST

SOLE

US MKTWIDE VALUE

Shares1.87M

TypeSH

Market value$63.71M

2.50%

Sole

1.52M

Shared

0.00

None

356.01K

SPDR SER TR

SOLE

BLOOMBERG SHT TE

Shares2.42M

TypeSH

Market value$59.28M

2.32%

Sole

2.12M

Shared

0.00

None

306.98K

DIMENSIONAL ETF TRUST

SOLE

INTERNATNAL VAL

Shares1.72M

TypeSH

Market value$56.12M

2.20%

Sole

1.50M

Shared

0.00

None

219.91K

MICROSOFT CORP

SOLE

COM

Shares163.91K

TypeSH

Market value$51.76M

2.03%

Sole

123.53K

Shared

0.00

None

40.38K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares801.68K

TypeSH

Market value$46.18M

1.81%

Sole

670.63K

Shared

0.00

None

131.05K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares326.06K

TypeSH

Market value$44.97M

1.76%

Sole

279.28K

Shared

0.00

None

46.78K

VANGUARD INDEX FDS

SOLE

REAL ESTATE ETF

Shares559.67K

TypeSH

Market value$42.34M

1.66%

Sole

489.70K

Shared

0.00

None

69.98K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares95.25K

TypeSH

Market value$40.72M

1.59%

Sole

93.99K

Shared

0.00

None

1.26K

DIMENSIONAL ETF TRUST

SOLE

US TARGETED VLU

Shares834.07K

TypeSH

Market value$38.11M

1.49%

Sole

744.20K

Shared

0.00

None

89.87K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares742.28K

TypeSH

Market value$32.45M

1.27%

Sole

730.77K

Shared

0.00

None

11.51K

NVIDIA CORPORATION

SOLE

COM

Shares61.19K

TypeSH

Market value$26.62M

1.04%

Sole

41K

Shared

0.00

None

20.19K

AMERICAN CENTY ETF TR

SOLE

INTL SMCP VLU

Shares458.76K

TypeSH

Market value$26.54M

1.04%

Sole

417.50K

Shared

0.00

None

41.26K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE SMCAP ETF

Shares225.43K

TypeSH

Market value$23.94M

0.94%

Sole

208.75K

Shared

0.00

None

16.68K

DIMENSIONAL ETF TRUST

SOLE

US CORE EQUITY 2

Shares788.94K

TypeSH

Market value$20.67M

0.81%

Sole

510.42K

Shared

0.00

None

278.52K

ISHARES TR

SOLE

ESG AW MSCI EAFE

Shares294.14K

TypeSH

Market value$20.33M

0.80%

Sole

254.15K

Shared

0.00

None

39.99K

VANGUARD INDEX FDS

SOLE

SM CP VAL ETF

Shares123.67K

TypeSH

Market value$19.72M

0.77%

Sole

110.12K

Shared

0.00

None

13.55K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD SCOTTSDALE FDSSOLE	SHRT TRM CORP BD	1.96M	SH	$146.95M 5.76%	1.65M	302.78K
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	2.85M	SH	$134.80M 5.28%	2.43M	424.94K
ISHARES TRSOLE	MSCI USA MMENTM	786.01K	SH	$109.81M 4.30%	680.57K	105.44K
APPLE INCSOLE	COM	619.76K	SH	$106.11M 4.16%	294.06K	325.70K
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	1.11M	SH	$84.20M 3.30%	939.22K	168.94K
ISHARES TRSOLE	MSCI USA QLT FCT	590.07K	SH	$77.77M 3.05%	513.88K	76.20K
ISHARES TRSOLE	MSCI INTL QUALTY	2.26M	SH	$75.90M 2.97%	1.97M	292.15K
ISHARES INCSOLE	CORE MSCI EMKT	1.50M	SH	$71.62M 2.81%	1.33M	176.84K
ISHARES TRSOLE	EAFE VALUE ETF	1.37M	SH	$67.14M 2.63%	1.22M	147.57K
DIMENSIONAL ETF TRUSTSOLE	US MKTWIDE VALUE	1.87M	SH	$63.71M 2.50%	1.52M	356.01K
SPDR SER TRSOLE	BLOOMBERG SHT TE	2.42M	SH	$59.28M 2.32%	2.12M	306.98K
DIMENSIONAL ETF TRUSTSOLE	INTERNATNAL VAL	1.72M	SH	$56.12M 2.20%	1.50M	219.91K
MICROSOFT CORPSOLE	COM	163.91K	SH	$51.76M 2.03%	123.53K	40.38K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	801.68K	SH	$46.18M 1.81%	670.63K	131.05K
VANGUARD INDEX FDSSOLE	VALUE ETF	326.06K	SH	$44.97M 1.76%	279.28K	46.78K
VANGUARD INDEX FDSSOLE	REAL ESTATE ETF	559.67K	SH	$42.34M 1.66%	489.70K	69.98K
SPDR S&P 500 ETF TRSOLE	TR UNIT	95.25K	SH	$40.72M 1.59%	93.99K	1.26K
DIMENSIONAL ETF TRUSTSOLE	US TARGETED VLU	834.07K	SH	$38.11M 1.49%	744.20K	89.87K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	742.28K	SH	$32.45M 1.27%	730.77K	11.51K
NVIDIA CORPORATIONSOLE	COM	61.19K	SH	$26.62M 1.04%	41K	20.19K
AMERICAN CENTY ETF TRSOLE	INTL SMCP VLU	458.76K	SH	$26.54M 1.04%	417.50K	41.26K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE SMCAP ETF	225.43K	SH	$23.94M 0.94%	208.75K	16.68K
DIMENSIONAL ETF TRUSTSOLE	US CORE EQUITY 2	788.94K	SH	$20.67M 0.81%	510.42K	278.52K
ISHARES TRSOLE	ESG AW MSCI EAFE	294.14K	SH	$20.33M 0.80%	254.15K	39.99K
VANGUARD INDEX FDSSOLE	SM CP VAL ETF	123.67K	SH	$19.72M 0.77%	110.12K	13.55K

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