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

Filed: 1/22/2025ACC: 0001085146-25-000387

📋 What this filing means

EMPIRICAL FINANCIAL SERVICES, LLC D.B.A. EMPIRICAL WEALTH MANAGEMENT filed this quarterly 13F‑HR report disclosing 612 equity positions with a total reported market value of $3.69B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

612

Positions

$3.69B

Total AUM (reported)

53.55M

Total Shares

Allocation by class

COM$984.56M26.7%

MSCI USA MMENTM$206.09M5.6%

STRM INFPROIDX$180.56M4.9%

MSCI USA QLT FCT$170.66M4.6%

SHRT TRM CORP BD$168.24M4.6%

US MKTWIDE VALUE$107.84M2.9%

MSCI INTL QUALTY$106.95M2.9%

Portfolio Concentration

Top 3$557.31M15.1%

4–10$773.56M21.0%

11–25$759.84M20.6%

Rest$1.60B43.3%

Top 3 weight

15.1%

Top 10 weight

36.1%

Voting Authority Distribution

Total shares with voting rights: 53.55M

Sole

Full voting authority

49.11M

% of voting shares91.7%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

4.44M

% of voting shares8.3%

Investment Discretion (by position count)

Sole565

Shared0

Other47

Dominant voting typeSole · 91.7% of voting shares

Institutional Holdings612

Rows:

ISHARES TR

SOLE

MSCI USA MMENTM

Shares995.99K

TypeSH

Market value$206.09M

5.59%

Sole

908.49K

Shared

0.00

None

87.49K

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares3.73M

TypeSH

Market value$180.56M

4.90%

Sole

3.46M

Shared

0.00

None

269.83K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares958.35K

TypeSH

Market value$170.66M

4.63%

Sole

884.72K

Shared

0.00

None

73.63K

VANGUARD SCOTTSDALE FDS

SOLE

SHRT TRM CORP BD

Shares2.16M

TypeSH

Market value$168.24M

4.56%

Sole

1.91M

Shared

0.00

None

243.25K

APPLE INC

OTR

COM

Shares454.54K

TypeSH

Market value$113.83M

3.09%

Sole

399.57K

Shared

0.00

None

54.97K

DIMENSIONAL ETF TRUST

SOLE

US MKTWIDE VALUE

Shares2.64M

TypeSH

Market value$107.84M

2.93%

Sole

2.34M

Shared

0.00

None

298.87K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares2.88M

TypeSH

Market value$106.95M

2.90%

Sole

2.66M

Shared

0.00

None

219.26K

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares1.23M

TypeSH

Market value$98.67M

2.68%

Sole

1.09M

Shared

0.00

None

139.80K

NVIDIA CORPORATION

SOLE

COM

Shares679.76K

TypeSH

Market value$91.29M

2.48%

Sole

537.91K

Shared

0.00

None

141.85K

ISHARES TR

SOLE

EAFE VALUE ETF

Shares1.65M

TypeSH

Market value$86.75M

2.35%

Sole

1.55M

Shared

0.00

None

102.30K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares1.65M

TypeSH

Market value$86.19M

2.34%

Sole

1.53M

Shared

0.00

None

123.64K

MICROSOFT CORP

OTR

COM

Shares191.44K

TypeSH

Market value$80.69M

2.19%

Sole

164.59K

Shared

0.00

None

26.85K

SPDR SER TR

SOLE

BLOOMBERG SHT TE

Shares2.85M

TypeSH

Market value$71.97M

1.95%

Sole

2.63M

Shared

0.00

None

218.19K

DIMENSIONAL ETF TRUST

SOLE

INTERNATNAL VAL

Shares1.84M

TypeSH

Market value$65.26M

1.77%

Sole

1.72M

Shared

0.00

None

115.95K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares964.86K

TypeSH

Market value$56.14M

1.52%

Sole

841.23K

Shared

0.00

None

123.62K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares89.94K

TypeSH

Market value$52.71M

1.43%

Sole

89.26K

Shared

0.00

None

686.00

META PLATFORMS INC

OTR

CL A

Shares83.47K

TypeSH

Market value$48.87M

1.33%

Sole

77.82K

Shared

0.00

None

5.65K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares284.42K

TypeSH

Market value$48.15M

1.31%

Sole

246.13K

Shared

0.00

None

38.29K

DIMENSIONAL ETF TRUST

SOLE

US TARGETED VLU

Shares858.36K

TypeSH

Market value$47.78M

1.30%

Sole

796.85K

Shared

0.00

None

61.51K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares838.83K

TypeSH

Market value$40.11M

1.09%

Sole

833.73K

Shared

0.00

None

5.11K

AMAZON COM INC

SOLE

COM

Shares181.73K

TypeSH

Market value$39.87M

1.08%

Sole

173.78K

Shared

0.00

None

7.95K

AMERICAN CENTY ETF TR

SOLE

INTL SMCP VLU

Shares527.23K

TypeSH

Market value$34.31M

0.93%

Sole

503.34K

Shared

0.00

None

23.89K

VANGUARD INDEX FDS

SOLE

REAL ESTATE ETF

Shares371.96K

TypeSH

Market value$33.13M

0.90%

Sole

341.47K

Shared

0.00

None

30.49K

COSTCO WHSL CORP NEW

OTR

COM

Shares31.17K

TypeSH

Market value$28.56M

0.77%

Sole

27.50K

Shared

0.00

None

3.67K

DIMENSIONAL ETF TRUST

SOLE

US CORE EQUITY 2

Shares754.48K

TypeSH

Market value$26.10M

0.71%

Sole

545.61K

Shared

0.00

None

208.87K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ISHARES TRSOLE	MSCI USA MMENTM	995.99K	SH	$206.09M 5.59%	908.49K	87.49K
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	3.73M	SH	$180.56M 4.90%	3.46M	269.83K
ISHARES TRSOLE	MSCI USA QLT FCT	958.35K	SH	$170.66M 4.63%	884.72K	73.63K
VANGUARD SCOTTSDALE FDSSOLE	SHRT TRM CORP BD	2.16M	SH	$168.24M 4.56%	1.91M	243.25K
APPLE INCOTR	COM	454.54K	SH	$113.83M 3.09%	399.57K	54.97K
DIMENSIONAL ETF TRUSTSOLE	US MKTWIDE VALUE	2.64M	SH	$107.84M 2.93%	2.34M	298.87K
ISHARES TRSOLE	MSCI INTL QUALTY	2.88M	SH	$106.95M 2.90%	2.66M	219.26K
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	1.23M	SH	$98.67M 2.68%	1.09M	139.80K
NVIDIA CORPORATIONSOLE	COM	679.76K	SH	$91.29M 2.48%	537.91K	141.85K
ISHARES TRSOLE	EAFE VALUE ETF	1.65M	SH	$86.75M 2.35%	1.55M	102.30K
ISHARES INCSOLE	CORE MSCI EMKT	1.65M	SH	$86.19M 2.34%	1.53M	123.64K
MICROSOFT CORPOTR	COM	191.44K	SH	$80.69M 2.19%	164.59K	26.85K
SPDR SER TRSOLE	BLOOMBERG SHT TE	2.85M	SH	$71.97M 1.95%	2.63M	218.19K
DIMENSIONAL ETF TRUSTSOLE	INTERNATNAL VAL	1.84M	SH	$65.26M 1.77%	1.72M	115.95K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	964.86K	SH	$56.14M 1.52%	841.23K	123.62K
SPDR S&P 500 ETF TRSOLE	TR UNIT	89.94K	SH	$52.71M 1.43%	89.26K	686.00
META PLATFORMS INCOTR	CL A	83.47K	SH	$48.87M 1.33%	77.82K	5.65K
VANGUARD INDEX FDSSOLE	VALUE ETF	284.42K	SH	$48.15M 1.31%	246.13K	38.29K
DIMENSIONAL ETF TRUSTSOLE	US TARGETED VLU	858.36K	SH	$47.78M 1.30%	796.85K	61.51K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	838.83K	SH	$40.11M 1.09%	833.73K	5.11K
AMAZON COM INCSOLE	COM	181.73K	SH	$39.87M 1.08%	173.78K	7.95K
AMERICAN CENTY ETF TRSOLE	INTL SMCP VLU	527.23K	SH	$34.31M 0.93%	503.34K	23.89K
VANGUARD INDEX FDSSOLE	REAL ESTATE ETF	371.96K	SH	$33.13M 0.90%	341.47K	30.49K
COSTCO WHSL CORP NEWOTR	COM	31.17K	SH	$28.56M 0.77%	27.50K	3.67K
DIMENSIONAL ETF TRUSTSOLE	US CORE EQUITY 2	754.48K	SH	$26.10M 0.71%	545.61K	208.87K

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