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

Filed: 5/7/2024ACC: 0001085146-24-002270

📋 What this filing means

EMPIRICAL FINANCIAL SERVICES, LLC D.B.A. EMPIRICAL WEALTH MANAGEMENT filed this quarterly 13F‑HR report disclosing 530 equity positions with a total reported market value of $3.31B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

530

Positions

$3.31B

Total AUM (reported)

46.66M

Total Shares

Allocation by class

COM$930.51M28.1%

SHRT TRM CORP BD$155.09M4.7%

MSCI USA MMENTM$153.83M4.6%

STRM INFPROIDX$153.03M4.6%

MSCI USA QLT FCT$127.85M3.9%

MSCI INTL QUALTY$99.91M3.0%

INT-TERM CORP$91.64M2.8%

Portfolio Concentration

Top 3$461.95M13.9%

4–10$717.48M21.7%

11–25$769.93M23.2%

Rest$1.36B41.2%

Top 3 weight

13.9%

Top 10 weight

35.6%

Voting Authority Distribution

Total shares with voting rights: 46.66M

Sole

Full voting authority

42.38M

% of voting shares90.8%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

4.29M

% of voting shares9.2%

Investment Discretion (by position count)

Sole530

Shared0

Other0

Dominant voting typeSole · 90.8% of voting shares

Institutional Holdings530

Rows:

VANGUARD SCOTTSDALE FDS

SOLE

SHRT TRM CORP BD

Shares2.01M

TypeSH

Market value$155.09M

4.68%

Sole

1.76M

Shared

0.00

None

244.47K

ISHARES TR

SOLE

MSCI USA MMENTM

Shares821.08K

TypeSH

Market value$153.83M

4.64%

Sole

748.64K

Shared

0.00

None

72.43K

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares3.20M

TypeSH

Market value$153.03M

4.62%

Sole

2.92M

Shared

0.00

None

272.70K

NVIDIA CORPORATION

SOLE

COM

Shares151.45K

TypeSH

Market value$136.84M

4.13%

Sole

146.42K

Shared

0.00

None

5.03K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares777.91K

TypeSH

Market value$127.85M

3.86%

Sole

713.14K

Shared

0.00

None

64.78K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares2.52M

TypeSH

Market value$99.91M

3.02%

Sole

2.31M

Shared

0.00

None

211.14K

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares1.14M

TypeSH

Market value$91.64M

2.77%

Sole

999.98K

Shared

0.00

None

138.23K

NVIDIA CORPORATION

SOLE

COM

Shares99K

TypePRN

Market value$89.45M

2.70%

Sole

99K

Shared

0.00

None

0.00

DIMENSIONAL ETF TRUST

SOLE

US MKTWIDE VALUE

Shares2.14M

TypeSH

Market value$87.35M

2.64%

Sole

1.85M

Shared

0.00

None

286.37K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares1.64M

TypeSH

Market value$84.44M

2.55%

Sole

1.51M

Shared

0.00

None

127.83K

ISHARES TR

SOLE

EAFE VALUE ETF

Shares1.54M

TypeSH

Market value$83.66M

2.53%

Sole

1.44M

Shared

0.00

None

100.39K

APPLE INC

SOLE

COM

Shares481.09K

TypeSH

Market value$82.50M

2.49%

Sole

428.06K

Shared

0.00

None

53.03K

MICROSOFT CORP

SOLE

COM

Shares179.26K

TypeSH

Market value$75.42M

2.28%

Sole

155.01K

Shared

0.00

None

24.25K

DIMENSIONAL ETF TRUST

SOLE

INTERNATNAL VAL

Shares1.79M

TypeSH

Market value$65.71M

1.98%

Sole

1.61M

Shared

0.00

None

174.79K

SPDR SER TR

SOLE

BLOOMBERG SHT TE

Shares2.59M

TypeSH

Market value$65.36M

1.97%

Sole

2.38M

Shared

0.00

None

211.49K

VANGUARD INDEX FDS

SOLE

REAL ESTATE ETF

Shares618.07K

TypeSH

Market value$53.45M

1.61%

Sole

566.32K

Shared

0.00

None

51.74K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares850.50K

TypeSH

Market value$49.39M

1.49%

Sole

731.14K

Shared

0.00

None

119.36K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares300.93K

TypeSH

Market value$49.01M

1.48%

Sole

257.97K

Shared

0.00

None

42.97K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares92.96K

TypeSH

Market value$48.63M

1.47%

Sole

92.28K

Shared

0.00

None

686.00

DIMENSIONAL ETF TRUST

SOLE

US TARGETED VLU

Shares856.07K

TypeSH

Market value$46.60M

1.41%

Sole

783.70K

Shared

0.00

None

72.37K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares740.43K

TypeSH

Market value$37.15M

1.12%

Sole

733.94K

Shared

0.00

None

6.49K

AMERICAN CENTY ETF TR

SOLE

INTL SMCP VLU

Shares505.48K

TypeSH

Market value$33.29M

1.00%

Sole

477.67K

Shared

0.00

None

27.81K

AMAZON COM INC

SOLE

COM

Shares158.20K

TypeSH

Market value$28.54M

0.86%

Sole

136.43K

Shared

0.00

None

21.77K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE SMCAP ETF

Shares221.29K

TypeSH

Market value$25.86M

0.78%

Sole

208.08K

Shared

0.00

None

13.22K

ISHARES TR

SOLE

ESG AW MSCI EAFE

Shares317.60K

TypeSH

Market value$25.38M

0.77%

Sole

286.96K

Shared

0.00

None

30.64K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD SCOTTSDALE FDSSOLE	SHRT TRM CORP BD	2.01M	SH	$155.09M 4.68%	1.76M	244.47K
ISHARES TRSOLE	MSCI USA MMENTM	821.08K	SH	$153.83M 4.64%	748.64K	72.43K
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	3.20M	SH	$153.03M 4.62%	2.92M	272.70K
NVIDIA CORPORATIONSOLE	COM	151.45K	SH	$136.84M 4.13%	146.42K	5.03K
ISHARES TRSOLE	MSCI USA QLT FCT	777.91K	SH	$127.85M 3.86%	713.14K	64.78K
ISHARES TRSOLE	MSCI INTL QUALTY	2.52M	SH	$99.91M 3.02%	2.31M	211.14K
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	1.14M	SH	$91.64M 2.77%	999.98K	138.23K
NVIDIA CORPORATIONSOLE	COM	99K	PRN	$89.45M 2.70%	99K	0.00
DIMENSIONAL ETF TRUSTSOLE	US MKTWIDE VALUE	2.14M	SH	$87.35M 2.64%	1.85M	286.37K
ISHARES INCSOLE	CORE MSCI EMKT	1.64M	SH	$84.44M 2.55%	1.51M	127.83K
ISHARES TRSOLE	EAFE VALUE ETF	1.54M	SH	$83.66M 2.53%	1.44M	100.39K
APPLE INCSOLE	COM	481.09K	SH	$82.50M 2.49%	428.06K	53.03K
MICROSOFT CORPSOLE	COM	179.26K	SH	$75.42M 2.28%	155.01K	24.25K
DIMENSIONAL ETF TRUSTSOLE	INTERNATNAL VAL	1.79M	SH	$65.71M 1.98%	1.61M	174.79K
SPDR SER TRSOLE	BLOOMBERG SHT TE	2.59M	SH	$65.36M 1.97%	2.38M	211.49K
VANGUARD INDEX FDSSOLE	REAL ESTATE ETF	618.07K	SH	$53.45M 1.61%	566.32K	51.74K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	850.50K	SH	$49.39M 1.49%	731.14K	119.36K
VANGUARD INDEX FDSSOLE	VALUE ETF	300.93K	SH	$49.01M 1.48%	257.97K	42.97K
SPDR S&P 500 ETF TRSOLE	TR UNIT	92.96K	SH	$48.63M 1.47%	92.28K	686.00
DIMENSIONAL ETF TRUSTSOLE	US TARGETED VLU	856.07K	SH	$46.60M 1.41%	783.70K	72.37K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	740.43K	SH	$37.15M 1.12%	733.94K	6.49K
AMERICAN CENTY ETF TRSOLE	INTL SMCP VLU	505.48K	SH	$33.29M 1.00%	477.67K	27.81K
AMAZON COM INCSOLE	COM	158.20K	SH	$28.54M 0.86%	136.43K	21.77K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE SMCAP ETF	221.29K	SH	$25.86M 0.78%	208.08K	13.22K
ISHARES TRSOLE	ESG AW MSCI EAFE	317.60K	SH	$25.38M 0.77%	286.96K	30.64K

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