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

Filed: 2/6/2024ACC: 0001085146-24-000782

📋 What this filing means

EMPIRICAL FINANCIAL SERVICES, LLC D.B.A. EMPIRICAL WEALTH MANAGEMENT filed this quarterly 13F‑HR report disclosing 498 equity positions with a total reported market value of $3.01B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

498

Positions

$3.01B

Total AUM (reported)

45.47M

Total Shares

Allocation by class

COM$787.36M26.2%

SHRT TRM CORP BD$152.56M5.1%

STRM INFPROIDX$146.23M4.9%

MSCI USA MMENTM$128.62M4.3%

MSCI USA QLT FCT$110.30M3.7%

INT-TERM CORP$91.19M3.0%

MSCI INTL QUALTY$89.93M3.0%

Portfolio Concentration

Top 3$427.41M14.2%

4–10$651.81M21.6%

11–25$707.25M23.5%

Rest$1.22B40.7%

Top 3 weight

14.2%

Top 10 weight

35.8%

Voting Authority Distribution

Total shares with voting rights: 45.47M

Sole

Full voting authority

41.18M

% of voting shares90.6%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

4.29M

% of voting shares9.4%

Investment Discretion (by position count)

Sole498

Shared0

Other0

Dominant voting typeSole · 90.6% of voting shares

Institutional Holdings498

Rows:

VANGUARD SCOTTSDALE FDS

SOLE

SHRT TRM CORP BD

Shares1.97M

TypeSH

Market value$152.56M

5.07%

Sole

1.72M

Shared

0.00

None

251.80K

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares3.08M

TypeSH

Market value$146.23M

4.86%

Sole

2.81M

Shared

0.00

None

273.89K

ISHARES TR

SOLE

MSCI USA MMENTM

Shares819.83K

TypeSH

Market value$128.62M

4.27%

Sole

743.11K

Shared

0.00

None

76.72K

APPLE INC

SOLE

COM

Shares636.39K

TypeSH

Market value$122.52M

4.07%

Sole

583.37K

Shared

0.00

None

53.03K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares749.64K

TypeSH

Market value$110.30M

3.66%

Sole

686.75K

Shared

0.00

None

62.89K

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares1.12M

TypeSH

Market value$91.19M

3.03%

Sole

981.30K

Shared

0.00

None

140.65K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares2.39M

TypeSH

Market value$89.93M

2.99%

Sole

2.19M

Shared

0.00

None

204.43K

NVIDIA CORPORATION

SOLE

COM

Shares165.32K

TypeSH

Market value$81.87M

2.72%

Sole

159.44K

Shared

0.00

None

5.89K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares1.56M

TypeSH

Market value$79.11M

2.63%

Sole

1.43M

Shared

0.00

None

135.92K

ISHARES TR

SOLE

EAFE VALUE ETF

Shares1.48M

TypeSH

Market value$76.88M

2.55%

Sole

1.38M

Shared

0.00

None

99.65K

DIMENSIONAL ETF TRUST

SOLE

US MKTWIDE VALUE

Shares2.07M

TypeSH

Market value$76.87M

2.55%

Sole

1.77M

Shared

0.00

None

296.96K

NVIDIA CORPORATION

SOLE

COM

Shares136.20K

TypePRN

Market value$67.45M

2.24%

Sole

136.20K

Shared

0.00

None

0.00

SPDR SER TR

SOLE

BLOOMBERG SHT TE

Shares2.53M

TypeSH

Market value$63.58M

2.11%

Sole

2.31M

Shared

0.00

None

219.22K

MICROSOFT CORP

SOLE

COM

Shares166.31K

TypeSH

Market value$62.54M

2.08%

Sole

142.62K

Shared

0.00

None

23.68K

DIMENSIONAL ETF TRUST

SOLE

INTERNATNAL VAL

Shares1.74M

TypeSH

Market value$59.69M

1.98%

Sole

1.56M

Shared

0.00

None

175.35K

VANGUARD INDEX FDS

SOLE

REAL ESTATE ETF

Shares600.63K

TypeSH

Market value$53.07M

1.76%

Sole

548.98K

Shared

0.00

None

51.66K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares830.08K

TypeSH

Market value$48.42M

1.61%

Sole

710.54K

Shared

0.00

None

119.55K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares319.21K

TypeSH

Market value$47.72M

1.59%

Sole

276.96K

Shared

0.00

None

42.25K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares94.17K

TypeSH

Market value$44.76M

1.49%

Sole

93.48K

Shared

0.00

None

686.00

DIMENSIONAL ETF TRUST

SOLE

US TARGETED VLU

Shares848.65K

TypeSH

Market value$44.41M

1.48%

Sole

776.60K

Shared

0.00

None

72.06K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares767.31K

TypeSH

Market value$36.75M

1.22%

Sole

760.39K

Shared

0.00

None

6.91K

AMERICAN CENTY ETF TR

SOLE

INTL SMCP VLU

Shares482.33K

TypeSH

Market value$30.14M

1.00%

Sole

454.72K

Shared

0.00

None

27.61K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE SMCAP ETF

Shares222.18K

TypeSH

Market value$25.56M

0.85%

Sole

208.54K

Shared

0.00

None

13.64K

AMAZON COM INC

SOLE

COM

Shares153.40K

TypeSH

Market value$23.31M

0.77%

Sole

130K

Shared

0.00

None

23.39K

ISHARES TR

SOLE

ESG AW MSCI EAFE

Shares304.33K

TypeSH

Market value$22.99M

0.76%

Sole

279.32K

Shared

0.00

None

25.02K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD SCOTTSDALE FDSSOLE	SHRT TRM CORP BD	1.97M	SH	$152.56M 5.07%	1.72M	251.80K
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	3.08M	SH	$146.23M 4.86%	2.81M	273.89K
ISHARES TRSOLE	MSCI USA MMENTM	819.83K	SH	$128.62M 4.27%	743.11K	76.72K
APPLE INCSOLE	COM	636.39K	SH	$122.52M 4.07%	583.37K	53.03K
ISHARES TRSOLE	MSCI USA QLT FCT	749.64K	SH	$110.30M 3.66%	686.75K	62.89K
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	1.12M	SH	$91.19M 3.03%	981.30K	140.65K
ISHARES TRSOLE	MSCI INTL QUALTY	2.39M	SH	$89.93M 2.99%	2.19M	204.43K
NVIDIA CORPORATIONSOLE	COM	165.32K	SH	$81.87M 2.72%	159.44K	5.89K
ISHARES INCSOLE	CORE MSCI EMKT	1.56M	SH	$79.11M 2.63%	1.43M	135.92K
ISHARES TRSOLE	EAFE VALUE ETF	1.48M	SH	$76.88M 2.55%	1.38M	99.65K
DIMENSIONAL ETF TRUSTSOLE	US MKTWIDE VALUE	2.07M	SH	$76.87M 2.55%	1.77M	296.96K
NVIDIA CORPORATIONSOLE	COM	136.20K	PRN	$67.45M 2.24%	136.20K	0.00
SPDR SER TRSOLE	BLOOMBERG SHT TE	2.53M	SH	$63.58M 2.11%	2.31M	219.22K
MICROSOFT CORPSOLE	COM	166.31K	SH	$62.54M 2.08%	142.62K	23.68K
DIMENSIONAL ETF TRUSTSOLE	INTERNATNAL VAL	1.74M	SH	$59.69M 1.98%	1.56M	175.35K
VANGUARD INDEX FDSSOLE	REAL ESTATE ETF	600.63K	SH	$53.07M 1.76%	548.98K	51.66K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	830.08K	SH	$48.42M 1.61%	710.54K	119.55K
VANGUARD INDEX FDSSOLE	VALUE ETF	319.21K	SH	$47.72M 1.59%	276.96K	42.25K
SPDR S&P 500 ETF TRSOLE	TR UNIT	94.17K	SH	$44.76M 1.49%	93.48K	686.00
DIMENSIONAL ETF TRUSTSOLE	US TARGETED VLU	848.65K	SH	$44.41M 1.48%	776.60K	72.06K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	767.31K	SH	$36.75M 1.22%	760.39K	6.91K
AMERICAN CENTY ETF TRSOLE	INTL SMCP VLU	482.33K	SH	$30.14M 1.00%	454.72K	27.61K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE SMCAP ETF	222.18K	SH	$25.56M 0.85%	208.54K	13.64K
AMAZON COM INCSOLE	COM	153.40K	SH	$23.31M 0.77%	130K	23.39K
ISHARES TRSOLE	ESG AW MSCI EAFE	304.33K	SH	$22.99M 0.76%	279.32K	25.02K

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