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

Filed: 7/21/2025ACC: 0001085146-25-004013

📋 What this filing means

EMPIRICAL FINANCIAL SERVICES, LLC D.B.A. EMPIRICAL WEALTH MANAGEMENT filed this quarterly 13F‑HR report disclosing 688 equity positions with a total reported market value of $4.43B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

688

Positions

$4.43B

Total AUM (reported)

60.03M

Total Shares

Allocation by class

COM$1.27B28.7%

MSCI USA MMENTM$247.84M5.6%

STRM INFPROIDX$205.31M4.6%

SHRT TRM CORP BD$179.38M4.0%

MSCI USA QLT FCT$173.71M3.9%

MSCI INTL QUALTY$143.86M3.2%

EAFE VALUE ETF$115.46M2.6%

Portfolio Concentration

Top 3$632.53M14.3%

4–10$950.54M21.5%

11–25$905.61M20.4%

Rest$1.94B43.8%

Top 3 weight

14.3%

Top 10 weight

35.7%

Voting Authority Distribution

Total shares with voting rights: 60.03M

Sole

Full voting authority

55.70M

% of voting shares92.8%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

4.33M

% of voting shares7.2%

Investment Discretion (by position count)

Sole536

Shared0

Other152

Dominant voting typeSole · 92.8% of voting shares

Institutional Holdings688

Rows:

ISHARES TR

SOLE

MSCI USA MMENTM

Shares1.03M

TypeSH

Market value$247.84M

5.59%

Sole

943.47K

Shared

0.00

None

87.81K

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares4.08M

TypeSH

Market value$205.31M

4.63%

Sole

3.82M

Shared

0.00

None

264.87K

VANGUARD SCOTTSDALE FDS

SOLE

SHRT TRM CORP BD

Shares2.26M

TypeSH

Market value$179.38M

4.05%

Sole

2.01M

Shared

0.00

None

250.16K

ISHARES TR

SOLE

MSCI USA QLT FCT

Shares950.18K

TypeSH

Market value$173.71M

3.92%

Sole

879.55K

Shared

0.00

None

70.64K

NVIDIA CORPORATION

OTR

COM

Shares1.10M

TypeSH

Market value$173.64M

3.92%

Sole

1.07M

Shared

0.00

None

31.77K

ISHARES TR

SOLE

MSCI INTL QUALTY

Shares3.33M

TypeSH

Market value$143.86M

3.25%

Sole

3.10M

Shared

0.00

None

230.57K

APPLE INC

SOLE

COM

Shares592.48K

TypeSH

Market value$121.56M

2.74%

Sole

538.29K

Shared

0.00

None

54.18K

ISHARES TR

SOLE

EAFE VALUE ETF

Shares1.82M

TypeSH

Market value$115.46M

2.61%

Sole

1.73M

Shared

0.00

None

93.25K

DIMENSIONAL ETF TRUST

OTR

US MKTWIDE VALUE

Shares2.73M

TypeSH

Market value$115.43M

2.61%

Sole

2.44M

Shared

0.00

None

294.21K

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares1.29M

TypeSH

Market value$106.87M

2.41%

Sole

1.14M

Shared

0.00

None

146.07K

ISHARES INC

OTR

CORE MSCI EMKT

Shares1.76M

TypeSH

Market value$105.55M

2.38%

Sole

1.63M

Shared

0.00

None

125.13K

MICROSOFT CORP

SOLE

COM

Shares208.51K

TypeSH

Market value$103.71M

2.34%

Sole

182.78K

Shared

0.00

None

25.73K

SPDR SERIES TRUST

SOLE

BLOOMBERG SHT TE

Shares3.15M

TypeSH

Market value$80.14M

1.81%

Sole

2.93M

Shared

0.00

None

219.52K

DIMENSIONAL ETF TRUST

SOLE

INTERNATNAL VAL

Shares1.82M

TypeSH

Market value$78.14M

1.76%

Sole

1.70M

Shared

0.00

None

122.71K

META PLATFORMS INC

OTR

CL A

Shares89.83K

TypeSH

Market value$66.30M

1.50%

Sole

84.38K

Shared

0.00

None

5.45K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares349.99K

TypeSH

Market value$61.86M

1.40%

Sole

310.85K

Shared

0.00

None

39.14K

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares97.96K

TypeSH

Market value$60.52M

1.37%

Sole

97.28K

Shared

0.00

None

675.00

VANGUARD SCOTTSDALE FDS

SOLE

SHORT TERM TREAS

Shares1.01M

TypeSH

Market value$59.53M

1.34%

Sole

886.43K

Shared

0.00

None

126.35K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares910.40K

TypeSH

Market value$51.90M

1.17%

Sole

904.34K

Shared

0.00

None

6.06K

DIMENSIONAL ETF TRUST

SOLE

US TARGETED VLU

Shares922.48K

TypeSH

Market value$49.78M

1.12%

Sole

864.34K

Shared

0.00

None

58.13K

AMAZON COM INC

SOLE

COM

Shares213.21K

TypeSH

Market value$46.78M

1.06%

Sole

205.42K

Shared

0.00

None

7.79K

AMERICAN CENTY ETF TR

OTR

INTL SMCP VLU

Shares578.54K

TypeSH

Market value$45.87M

1.04%

Sole

553.36K

Shared

0.00

None

25.18K

VANGUARD INDEX FDS

SOLE

REAL ESTATE ETF

Shares387.07K

TypeSH

Market value$34.47M

0.78%

Sole

356.89K

Shared

0.00

None

30.18K

COSTCO WHSL CORP NEW

SOLE

COM

Shares31.32K

TypeSH

Market value$31.00M

0.70%

Sole

27.70K

Shared

0.00

None

3.62K

AMERICAN CENTY ETF TR

SOLE

US SML CP VALU

Shares329.96K

TypeSH

Market value$30.06M

0.68%

Sole

316.07K

Shared

0.00

None

13.88K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ISHARES TRSOLE	MSCI USA MMENTM	1.03M	SH	$247.84M 5.59%	943.47K	87.81K
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	4.08M	SH	$205.31M 4.63%	3.82M	264.87K
VANGUARD SCOTTSDALE FDSSOLE	SHRT TRM CORP BD	2.26M	SH	$179.38M 4.05%	2.01M	250.16K
ISHARES TRSOLE	MSCI USA QLT FCT	950.18K	SH	$173.71M 3.92%	879.55K	70.64K
NVIDIA CORPORATIONOTR	COM	1.10M	SH	$173.64M 3.92%	1.07M	31.77K
ISHARES TRSOLE	MSCI INTL QUALTY	3.33M	SH	$143.86M 3.25%	3.10M	230.57K
APPLE INCSOLE	COM	592.48K	SH	$121.56M 2.74%	538.29K	54.18K
ISHARES TRSOLE	EAFE VALUE ETF	1.82M	SH	$115.46M 2.61%	1.73M	93.25K
DIMENSIONAL ETF TRUSTOTR	US MKTWIDE VALUE	2.73M	SH	$115.43M 2.61%	2.44M	294.21K
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	1.29M	SH	$106.87M 2.41%	1.14M	146.07K
ISHARES INCOTR	CORE MSCI EMKT	1.76M	SH	$105.55M 2.38%	1.63M	125.13K
MICROSOFT CORPSOLE	COM	208.51K	SH	$103.71M 2.34%	182.78K	25.73K
SPDR SERIES TRUSTSOLE	BLOOMBERG SHT TE	3.15M	SH	$80.14M 1.81%	2.93M	219.52K
DIMENSIONAL ETF TRUSTSOLE	INTERNATNAL VAL	1.82M	SH	$78.14M 1.76%	1.70M	122.71K
META PLATFORMS INCOTR	CL A	89.83K	SH	$66.30M 1.50%	84.38K	5.45K
VANGUARD INDEX FDSSOLE	VALUE ETF	349.99K	SH	$61.86M 1.40%	310.85K	39.14K
SPDR S&P 500 ETF TRSOLE	TR UNIT	97.96K	SH	$60.52M 1.37%	97.28K	675.00
VANGUARD SCOTTSDALE FDSSOLE	SHORT TERM TREAS	1.01M	SH	$59.53M 1.34%	886.43K	126.35K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	910.40K	SH	$51.90M 1.17%	904.34K	6.06K
DIMENSIONAL ETF TRUSTSOLE	US TARGETED VLU	922.48K	SH	$49.78M 1.12%	864.34K	58.13K
AMAZON COM INCSOLE	COM	213.21K	SH	$46.78M 1.06%	205.42K	7.79K
AMERICAN CENTY ETF TROTR	INTL SMCP VLU	578.54K	SH	$45.87M 1.04%	553.36K	25.18K
VANGUARD INDEX FDSSOLE	REAL ESTATE ETF	387.07K	SH	$34.47M 0.78%	356.89K	30.18K
COSTCO WHSL CORP NEWSOLE	COM	31.32K	SH	$31.00M 0.70%	27.70K	3.62K
AMERICAN CENTY ETF TRSOLE	US SML CP VALU	329.96K	SH	$30.06M 0.68%	316.07K	13.88K

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