Empirical Financial Services, LLC d/b/a Empirical Wealth Management

Empirical Financial Services as of March 31, 2015

Portfolio Holdings for Empirical Financial Services

Empirical Financial Services holds 99 positions in its portfolio as reported in the March 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Short Term Corporate Bond ETF (VCSH) 19.5 $81M 1.0M 80.21
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 12.3 $51M 584k 87.70
Schwab Strategic Tr us lrg cap etf (SCHX) 8.0 $33M 671k 49.57
iShares Lehman 1-3 Year Treas.Bond (SHY) 6.4 $27M 314k 84.88
Vanguard Malvern Fds strm infproidx (VTIP) 6.0 $25M 513k 48.46
Vanguard REIT ETF (VNQ) 4.4 $18M 219k 84.31
Vanguard Europe Pacific ETF (VEA) 3.7 $15M 387k 39.83
Barclays Bk Plc Ipspgs Ttl Etn etf 3.6 $15M 806k 18.81
Ishares Inc core msci emkt (IEMG) 2.8 $12M 243k 48.33
Vanguard Large-Cap ETF (VV) 2.7 $11M 117k 95.20
Spdr Short-term High Yield mf (SJNK) 2.3 $9.4M 324k 29.19
iShares Barclays TIPS Bond Fund (TIP) 1.8 $7.3M 64k 113.58
Pimco Etf Tr 0-5 high yield (HYS) 1.6 $6.8M 67k 101.51
Schwab Strategic Tr 0 (SCHP) 1.5 $6.1M 112k 54.92
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.3 $5.3M 48k 110.61
Vanguard Total Stock Market ETF (VTI) 1.1 $4.4M 41k 107.25
Spdr Series Trust cmn (HYMB) 1.0 $4.1M 71k 57.57
Schwab Strategic Tr us aggregate b (SCHZ) 0.9 $3.9M 73k 52.91
Schwab Emerging Markets Equity ETF (SCHE) 0.9 $3.6M 150k 24.36
Claymore Exchange-traded Fd gugg crp bd 2016 0.7 $2.9M 130k 22.23
Claymore Exchange-traded Fd gugg crp bd 2017 0.7 $2.8M 124k 22.83
Guggenheim Bulletshar 0.7 $2.8M 128k 21.68
Pimco Etf Tr 1-3yr ustreidx 0.7 $2.7M 53k 51.00
Claymore Exchange Trd Fd Tr gug bull2018 e 0.6 $2.6M 122k 21.32
Claymore Exchange Trd Fd Tr gug bull2019 e 0.6 $2.5M 117k 21.28
Claymore Exchange Trd Fd Tr gug bull2020 e 0.6 $2.3M 109k 21.50
Ishares Inc msci frntr 100 (FM) 0.5 $2.3M 76k 29.73
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.5 $2.2M 39k 56.27
iShares MSCI EAFE Index Fund (EFA) 0.5 $2.1M 33k 64.16
Spdr Series Trust brcly em locl (EBND) 0.5 $2.1M 77k 27.25
Schwab International Equity ETF (SCHF) 0.5 $1.9M 63k 30.24
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.4 $1.8M 87k 21.29
iShares Lehman Aggregate Bond (AGG) 0.4 $1.8M 16k 111.42
SPDR DJ Wilshire REIT (RWR) 0.4 $1.7M 18k 94.58
Twitter 0.4 $1.6M 32k 50.09
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.4 $1.5M 26k 58.48
Vanguard Short-Term Bond ETF (BSV) 0.3 $1.5M 18k 80.51
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.3 $1.5M 60k 24.31
Market Vectors High Yield Muni. Ind 0.3 $1.5M 47k 31.35
Microsoft Corporation (MSFT) 0.3 $1.4M 35k 40.65
Market Vectors-Inter. Muni. Index 0.3 $1.4M 60k 23.81
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.3 $1.4M 28k 49.49
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.3 $1.3M 13k 105.53
Vanguard Total World Stock Idx (VT) 0.3 $1.3M 21k 61.57
iShares Russell Microcap Index (IWC) 0.3 $1.2M 15k 79.10
Spdr S&p 500 Etf (SPY) 0.3 $1.1M 5.3k 206.35
Apple (AAPL) 0.3 $1.1M 8.7k 124.48
Wisdomtree Tr em lcl debt (ELD) 0.3 $1.1M 28k 39.76
iShares S&P World Ex-US Prop Index (WPS) 0.2 $1.0M 27k 38.15
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.2 $1.0M 29k 34.52
iShares MSCI Emerging Markets Indx (EEM) 0.2 $909k 23k 40.14
Procter & Gamble Company (PG) 0.2 $809k 9.9k 81.92
Guggenheim Bulletshs Etf equity 0.2 $786k 30k 26.12
Claymore Etf gug blt2017 hy 0.2 $787k 30k 26.42
Claymore Etf gug blt2016 hy 0.2 $780k 30k 26.34
SPDR Dow Jones Global Real Estate (RWO) 0.2 $746k 15k 49.68
Claymore Exchange Trd Fd Tr gug blt2018 hy 0.2 $730k 28k 25.95
Vanguard Value ETF (VTV) 0.2 $718k 8.6k 83.70
General Electric Company 0.2 $652k 26k 24.79
Vanguard High Dividend Yield ETF (VYM) 0.2 $685k 10k 68.33
Claymore Exchange Trd Fd Tr gug bul 2019 hy 0.2 $664k 26k 25.25
3M Company (MMM) 0.1 $606k 3.7k 164.99
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $597k 4.8k 124.12
SPDR S&P Emerging Markets Small Cap (EWX) 0.1 $601k 13k 44.75
Amgen (AMGN) 0.1 $490k 3.1k 159.77
Guggenheim Bulletshares 2020 H mf 0.1 $503k 20k 25.52
Bank of America Corporation (BAC) 0.1 $440k 29k 15.38
Chevron Corporation (CVX) 0.1 $469k 4.5k 104.95
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $465k 3.8k 121.63
WisdomTree Emerging Markets Eq (DEM) 0.1 $452k 11k 42.51
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.1 $464k 15k 30.78
iShares S&P 500 Index (IVV) 0.1 $431k 2.1k 207.91
WisdomTree SmallCap Dividend Fund (DES) 0.1 $419k 5.8k 72.04
Vanguard Emerging Markets ETF (VWO) 0.1 $375k 9.2k 40.87
PIMCO Broad US TIPS Index Fund (TIPZ) 0.1 $381k 6.6k 57.61
Exxon Mobil Corporation (XOM) 0.1 $354k 4.2k 85.10
Starbucks Corporation (SBUX) 0.1 $332k 3.5k 94.61
PowerShares VRDO Tax Free Weekly Por ETF 0.1 $347k 14k 24.96
Vanguard Total Bond Market ETF (BND) 0.1 $341k 4.1k 83.41
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.1 $322k 2.9k 111.96
WisdomTree Intl. SmallCap Div (DLS) 0.1 $314k 5.3k 59.35
Walt Disney Company (DIS) 0.1 $286k 2.7k 104.95
Southwest Airlines (LUV) 0.1 $286k 6.5k 44.27
iShares S&P SmallCap 600 Index (IJR) 0.1 $302k 2.6k 118.11
Opko Health (OPK) 0.1 $283k 20k 14.15
SPDR S&P International Dividend (DWX) 0.1 $312k 7.5k 41.87
Coca-Cola Company (KO) 0.1 $267k 6.6k 40.56
Costco Wholesale Corporation (COST) 0.1 $230k 1.5k 151.62
Boeing Company (BA) 0.1 $247k 1.6k 150.33
Gilead Sciences (GILD) 0.1 $270k 2.7k 98.25
PowerShares QQQ Trust, Series 1 0.1 $249k 2.4k 105.51
iShares MSCI EAFE Value Index (EFV) 0.1 $261k 4.9k 53.27
SPDR S&P Dividend (SDY) 0.1 $243k 3.1k 78.19
Berkshire Hathaway (BRK.A) 0.1 $218k 1.00 218000.00
International Business Machines (IBM) 0.1 $200k 1.2k 160.77
Merck & Co (MRK) 0.1 $229k 4.0k 57.38
Amazon (AMZN) 0.1 $211k 567.00 372.13
iShares Russell 2000 Index (IWM) 0.1 $210k 1.7k 124.26
Rydex S&P Equal Weight ETF 0.1 $216k 2.7k 80.87