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

Empirical Financial Services as of June 30, 2015

Portfolio Holdings for Empirical Financial Services

Empirical Financial Services holds 113 positions in its portfolio as reported in the June 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Short Term Corporate Bond ETF (VCSH) 19.3 $83M 1.0M 79.58
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 12.0 $52M 605k 85.30
Schwab Strategic Tr us lrg cap etf (SCHX) 7.7 $33M 670k 49.31
Vanguard Malvern Fds strm infproidx (VTIP) 6.4 $28M 568k 48.68
iShares Lehman 1-3 Year Treas.Bond (SHY) 6.3 $27M 319k 84.86
Barclays Bk Plc Ipspgs Ttl Etn etf 4.7 $20M 974k 20.66
Vanguard REIT ETF (VNQ) 3.8 $17M 222k 74.69
Vanguard Europe Pacific ETF (VEA) 3.6 $16M 392k 39.65
Ishares Inc core msci emkt (IEMG) 2.8 $12M 254k 48.04
Spdr Short-term High Yield mf (SJNK) 2.6 $11M 382k 28.91
Vanguard Large-Cap ETF (VV) 2.5 $11M 114k 94.82
iShares Barclays TIPS Bond Fund (TIP) 1.6 $6.9M 62k 112.05
Pimco Etf Tr 0-5 high yield (HYS) 1.4 $6.1M 61k 99.87
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.2 $5.3M 49k 108.22
Schwab Strategic Tr 0 (SCHP) 1.1 $4.8M 89k 54.21
Vanguard Total Stock Market ETF (VTI) 1.0 $4.3M 40k 107.03
Spdr Series Trust cmn (HYMB) 1.0 $4.2M 76k 55.42
Schwab Strategic Tr us aggregate b (SCHZ) 0.9 $3.8M 73k 51.72
Schwab Emerging Markets Equity ETF (SCHE) 0.9 $3.7M 151k 24.58
Claymore Exchange-traded Fd gugg crp bd 2016 0.6 $2.5M 114k 22.21
Claymore Exchange-traded Fd gugg crp bd 2017 0.6 $2.5M 110k 22.75
Guggenheim Bulletshar 0.6 $2.4M 111k 21.66
Claymore Exchange Trd Fd Tr gug bull2018 e 0.5 $2.3M 108k 21.26
Procter & Gamble Company (PG) 0.5 $2.3M 29k 78.24
Pimco Etf Tr 1-3yr ustreidx 0.5 $2.3M 45k 50.94
Claymore Exchange Trd Fd Tr gug bull2019 e 0.5 $2.2M 106k 21.07
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.5 $2.1M 38k 55.45
iShares MSCI EAFE Index Fund (EFA) 0.5 $2.1M 33k 63.49
Claymore Exchange Trd Fd Tr gug bull2020 e 0.5 $2.0M 96k 21.23
Microsoft Corporation (MSFT) 0.5 $2.0M 46k 44.16
Schwab International Equity ETF (SCHF) 0.4 $1.8M 58k 30.47
iShares Lehman Aggregate Bond (AGG) 0.4 $1.6M 15k 108.77
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.4 $1.6M 14k 109.94
Ishares Inc msci frntr 100 (FM) 0.4 $1.6M 55k 29.27
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.4 $1.6M 77k 20.83
Apple (AAPL) 0.3 $1.5M 12k 125.40
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.3 $1.5M 26k 58.29
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.3 $1.5M 60k 24.28
Spdr Series Trust brcly em locl (EBND) 0.3 $1.5M 54k 27.09
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.3 $1.4M 28k 51.01
Market Vectors High Yield Muni. Ind 0.3 $1.4M 47k 29.89
Market Vectors-Inter. Muni. Index 0.3 $1.4M 60k 23.20
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.3 $1.3M 13k 105.36
SPDR DJ Wilshire REIT (RWR) 0.3 $1.4M 16k 84.37
Vanguard Total World Stock Idx (VT) 0.3 $1.3M 22k 61.50
iShares Russell Microcap Index (IWC) 0.3 $1.3M 15k 81.54
Intel Corporation (INTC) 0.3 $1.2M 40k 30.42
Vanguard Short-Term Bond ETF (BSV) 0.3 $1.2M 15k 80.18
Spdr S&p 500 Etf (SPY) 0.3 $1.1M 5.6k 205.88
Twitter 0.3 $1.1M 32k 36.23
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.2 $983k 29k 33.96
iShares S&P World Ex-US Prop Index (WPS) 0.2 $915k 25k 37.20
Nike (NKE) 0.2 $837k 7.7k 108.03
iShares MSCI Emerging Markets Indx (EEM) 0.2 $779k 20k 39.64
Vanguard Value ETF (VTV) 0.2 $765k 9.2k 83.41
Chevron Corporation (CVX) 0.2 $735k 7.6k 96.42
3M Company (MMM) 0.2 $737k 4.8k 154.25
Guggenheim Bulletshs Etf equity 0.2 $710k 27k 26.03
Claymore Etf gug blt2017 hy 0.2 $716k 27k 26.42
General Electric Company 0.2 $674k 25k 26.59
Vanguard High Dividend Yield ETF (VYM) 0.2 $668k 9.9k 67.30
SPDR Dow Jones Global Real Estate (RWO) 0.2 $684k 15k 45.81
Claymore Etf gug blt2016 hy 0.2 $709k 27k 26.32
Global X Fds glb x nxt emrg (EMFM) 0.2 $680k 31k 22.04
Claymore Exchange Trd Fd Tr gug blt2018 hy 0.1 $660k 26k 25.91
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $602k 4.9k 123.06
Claymore Exchange Trd Fd Tr gug bul 2019 hy 0.1 $604k 24k 25.16
iShares S&P 500 Index (IVV) 0.1 $575k 2.8k 207.21
SPDR S&P Emerging Markets Small Cap (EWX) 0.1 $574k 13k 45.02
Wisdomtree Tr em lcl debt (ELD) 0.1 $577k 15k 38.85
First Tr Exch Trd Alpha Fd I emerg mkt alph (FEM) 0.1 $565k 25k 22.96
Exxon Mobil Corporation (XOM) 0.1 $513k 6.2k 83.24
SPDR S&P Dividend (SDY) 0.1 $504k 6.6k 76.23
Guggenheim Bulletshares 2020 H mf 0.1 $521k 21k 25.31
Bank of America Corporation (BAC) 0.1 $471k 28k 17.02
Walt Disney Company (DIS) 0.1 $460k 4.0k 114.03
Amgen (AMGN) 0.1 $471k 3.1k 153.57
Amazon (AMZN) 0.1 $463k 1.1k 433.93
WisdomTree Emerging Markets Eq (DEM) 0.1 $482k 11k 43.46
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.1 $463k 15k 30.61
U.S. Bancorp (USB) 0.1 $421k 9.7k 43.37
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $442k 3.8k 115.62
WisdomTree SmallCap Dividend Fund (DES) 0.1 $414k 5.9k 70.43
Coca-Cola Company (KO) 0.1 $369k 9.4k 39.21
Costco Wholesale Corporation (COST) 0.1 $401k 3.0k 134.97
Bristol Myers Squibb (BMY) 0.1 $394k 5.9k 66.57
International Business Machines (IBM) 0.1 $384k 2.4k 162.71
Starbucks Corporation (SBUX) 0.1 $367k 6.8k 53.60
Vanguard Emerging Markets ETF (VWO) 0.1 $403k 9.9k 40.86
BlackRock (BLK) 0.1 $364k 1.1k 345.68
Boeing Company (BA) 0.1 $351k 2.5k 138.68
ConocoPhillips (COP) 0.1 $346k 5.6k 61.46
Merck & Co (MRK) 0.1 $353k 6.2k 56.90
PowerShares VRDO Tax Free Weekly Por ETF 0.1 $347k 14k 24.96
Vanguard Total Bond Market ETF (BND) 0.1 $334k 4.1k 81.19
Johnson & Johnson (JNJ) 0.1 $309k 3.2k 97.54
Gilead Sciences (GILD) 0.1 $322k 2.7k 117.18
Visa (V) 0.1 $303k 4.5k 67.15
PowerShares QQQ Trust, Series 1 0.1 $306k 2.9k 106.92
iShares S&P SmallCap 600 Index (IJR) 0.1 $301k 2.6k 117.72
Opko Health (OPK) 0.1 $322k 20k 16.10
WisdomTree Intl. SmallCap Div (DLS) 0.1 $320k 5.3k 60.40
SPDR S&P International Dividend (DWX) 0.1 $309k 7.5k 41.44
PIMCO Broad US TIPS Index Fund (TIPZ) 0.1 $306k 5.4k 56.88
iShares MSCI EAFE Value Index (EFV) 0.1 $256k 4.9k 52.24
Phillips 66 (PSX) 0.1 $248k 3.1k 80.52
Berkshire Hathaway (BRK.B) 0.1 $225k 1.7k 136.36
PPG Industries (PPG) 0.1 $235k 2.0k 114.97
Emerson Electric (EMR) 0.1 $210k 3.8k 55.50
Sempra Energy (SRE) 0.1 $230k 2.3k 98.97
Southwest Airlines (LUV) 0.1 $214k 6.5k 33.13
Rydex S&P Equal Weight ETF 0.1 $213k 2.7k 79.75
WisdomTree Japan Total Dividend (DXJ) 0.1 $202k 3.5k 57.16