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

Filed: 5/8/2025ACC: 0001085146-25-002824

📋 What this filing means

EMPIRICAL FINANCIAL SERVICES, LLC D.B.A. EMPIRICAL WEALTH MANAGEMENT filed this quarterly 13F‑HR report disclosing 650 equity positions with a total reported market value of $3.89B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

650

Positions

$3.89B

Total AUM (reported)

56.38M

Total Shares

Allocation by class

COM$1.06B27.4%

MSCI USA MMENTM$206.15M5.3%

STRM INFPROIDX$193.50M5.0%

SHRT TRM CORP BD$171.34M4.4%

MSCI USA QLT FCT$170.52M4.4%

MSCI INTL QUALTY$126.64M3.3%

US MKTWIDE VALUE$113.82M2.9%

Portfolio Concentration

Top 3$571.00M14.7%

4–10$819.56M21.1%

11–25$778.61M20.0%

Rest$1.72B44.2%

Top 3 weight

14.7%

Top 10 weight

35.8%

Voting Authority Distribution

Total shares with voting rights: 56.38M

Sole

Full voting authority

51.95M

% of voting shares92.1%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

4.43M

% of voting shares7.9%

Investment Discretion (by position count)

Sole567

Shared0

Other83

Dominant voting typeSole · 92.1% of voting shares

Institutional Holdings650

Rows:

ISHARES TR

SOLE

MSCI USA MMENTM

Shares1.02M

TypeSH

Market value$206.15M

5.30%

Sole

932.75K

Shared

0.00

None

87.16K

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares3.88M

TypeSH

Market value$193.50M

4.98%

Sole

3.61M

Shared

0.00

None

269.47K

VANGUARD SCOTTSDALE FDS

SOLE

SHRT TRM CORP BD

Shares2.17M

TypeSH

Market value$171.34M

4.41%

Sole

1.92M

Shared

0.00

None

247.68K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares997.83K

TypeSH

Market value$170.52M

4.39%

Sole

923.36K

Shared

0.00

None

74.47K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares3.19M

TypeSH

Market value$126.64M

3.26%

Sole

2.95M

Shared

0.00

None

237.73K

DIMENSIONAL ETF TRUST

SOLE

US MKTWIDE VALUE

Shares2.76M

TypeSH

Market value$113.82M

2.93%

Sole

2.47M

Shared

0.00

None

294.55K

APPLE INC

OTR

COM

Shares495.10K

TypeSH

Market value$109.98M

2.83%

Sole

440.94K

Shared

0.00

None

54.16K

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares1.25M

TypeSH

Market value$102.16M

2.63%

Sole

1.10M

Shared

0.00

None

144.89K

ISHARES TR

SOLE

EAFE VALUE ETF

Shares1.71M

TypeSH

Market value$101.02M

2.60%

Sole

1.62M

Shared

0.00

None

95.82K

NVIDIA CORPORATION

SOLE

COM

Shares880.39K

TypeSH

Market value$95.42M

2.45%

Sole

739.48K

Shared

0.00

None

140.91K

ISHARES INC

SOLE

CORE MSCI EMKT

Shares1.70M

TypeSH

Market value$91.66M

2.36%

Sole

1.57M

Shared

0.00

None

123.97K

SPDR SER TR

SOLE

BLOOMBERG SHT TE

Shares3M

TypeSH

Market value$75.58M

1.94%

Sole

2.78M

Shared

0.00

None

221.87K

MICROSOFT CORP

SOLE

COM

Shares198.94K

TypeSH

Market value$74.68M

1.92%

Sole

171.14K

Shared

0.00

None

27.80K

DIMENSIONAL ETF TRUST

SOLE

INTERNATNAL VAL

Shares1.86M

TypeSH

Market value$73.16M

1.88%

Sole

1.74M

Shared

0.00

None

122.10K

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares980.13K

TypeSH

Market value$57.52M

1.48%

Sole

854.97K

Shared

0.00

None

125.17K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares91.50K

TypeSH

Market value$51.18M

1.32%

Sole

90.82K

Shared

0.00

None

675.00

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares292.72K

TypeSH

Market value$50.57M

1.30%

Sole

254.46K

Shared

0.00

None

38.26K

META PLATFORMS INC

SOLE

CL A

Shares84.06K

TypeSH

Market value$48.45M

1.25%

Sole

78.55K

Shared

0.00

None

5.51K

DIMENSIONAL ETF TRUST

OTR

US TARGETED VLU

Shares888.37K

TypeSH

Market value$45.74M

1.18%

Sole

826.63K

Shared

0.00

None

61.74K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares869.54K

TypeSH

Market value$44.20M

1.14%

Sole

862.76K

Shared

0.00

None

6.79K

AMERICAN CENTY ETF TR

SOLE

INTL SMCP VLU

Shares558.75K

TypeSH

Market value$38.97M

1.00%

Sole

534.77K

Shared

0.00

None

23.98K

AMAZON COM INC

SOLE

COM

Shares200.56K

TypeSH

Market value$38.16M

0.98%

Sole

192.59K

Shared

0.00

None

7.97K

VANGUARD INDEX FDS

SOLE

REAL ESTATE ETF

Shares381.33K

TypeSH

Market value$34.53M

0.89%

Sole

351.37K

Shared

0.00

None

29.97K

COSTCO WHSL CORP NEW

OTR

COM

Shares30.21K

TypeSH

Market value$28.57M

0.73%

Sole

26.58K

Shared

0.00

None

3.63K

CISCO SYS INC

OTR

COM

Shares415.46K

TypeSH

Market value$25.64M

0.66%

Sole

401.94K

Shared

0.00

None

13.53K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ISHARES TRSOLE	MSCI USA MMENTM	1.02M	SH	$206.15M 5.30%	932.75K	87.16K
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	3.88M	SH	$193.50M 4.98%	3.61M	269.47K
VANGUARD SCOTTSDALE FDSSOLE	SHRT TRM CORP BD	2.17M	SH	$171.34M 4.41%	1.92M	247.68K
ISHARES TRSOLE	MSCI USA QLT FCT	997.83K	SH	$170.52M 4.39%	923.36K	74.47K
ISHARES TRSOLE	MSCI INTL QUALTY	3.19M	SH	$126.64M 3.26%	2.95M	237.73K
DIMENSIONAL ETF TRUSTSOLE	US MKTWIDE VALUE	2.76M	SH	$113.82M 2.93%	2.47M	294.55K
APPLE INCOTR	COM	495.10K	SH	$109.98M 2.83%	440.94K	54.16K
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	1.25M	SH	$102.16M 2.63%	1.10M	144.89K
ISHARES TRSOLE	EAFE VALUE ETF	1.71M	SH	$101.02M 2.60%	1.62M	95.82K
NVIDIA CORPORATIONSOLE	COM	880.39K	SH	$95.42M 2.45%	739.48K	140.91K
ISHARES INCSOLE	CORE MSCI EMKT	1.70M	SH	$91.66M 2.36%	1.57M	123.97K
SPDR SER TRSOLE	BLOOMBERG SHT TE	3M	SH	$75.58M 1.94%	2.78M	221.87K
MICROSOFT CORPSOLE	COM	198.94K	SH	$74.68M 1.92%	171.14K	27.80K
DIMENSIONAL ETF TRUSTSOLE	INTERNATNAL VAL	1.86M	SH	$73.16M 1.88%	1.74M	122.10K
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	980.13K	SH	$57.52M 1.48%	854.97K	125.17K
SPDR S&P 500 ETF TRSOLE	TR UNIT	91.50K	SH	$51.18M 1.32%	90.82K	675.00
VANGUARD INDEX FDSSOLE	VALUE ETF	292.72K	SH	$50.57M 1.30%	254.46K	38.26K
META PLATFORMS INCSOLE	CL A	84.06K	SH	$48.45M 1.25%	78.55K	5.51K
DIMENSIONAL ETF TRUSTOTR	US TARGETED VLU	888.37K	SH	$45.74M 1.18%	826.63K	61.74K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	869.54K	SH	$44.20M 1.14%	862.76K	6.79K
AMERICAN CENTY ETF TRSOLE	INTL SMCP VLU	558.75K	SH	$38.97M 1.00%	534.77K	23.98K
AMAZON COM INCSOLE	COM	200.56K	SH	$38.16M 0.98%	192.59K	7.97K
VANGUARD INDEX FDSSOLE	REAL ESTATE ETF	381.33K	SH	$34.53M 0.89%	351.37K	29.97K
COSTCO WHSL CORP NEWOTR	COM	30.21K	SH	$28.57M 0.73%	26.58K	3.63K
CISCO SYS INCOTR	COM	415.46K	SH	$25.64M 0.66%	401.94K	13.53K

Page 1 of 26

…