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

Empirical Financial Services as of Sept. 30, 2015

Portfolio Holdings for Empirical Financial Services

Empirical Financial Services holds 112 positions in its portfolio as reported in the September 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Short Term Corporate Bond ETF (VCSH) 19.6 $83M 1.0M 79.71
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 12.3 $52M 610k 85.43
Schwab Strategic Tr us lrg cap etf (SCHX) 7.4 $31M 686k 45.76
Vanguard Malvern Fds strm infproidx (VTIP) 7.1 $30M 621k 48.38
iShares Lehman 1-3 Year Treas.Bond (SHY) 6.4 $27M 317k 84.99
Vanguard REIT ETF (VNQ) 4.1 $18M 231k 75.54
Barclays Bk Plc Ipspgs Ttl Etn etf 3.8 $16M 998k 16.21
Vanguard Europe Pacific ETF (VEA) 3.4 $14M 405k 35.64
Ishares Inc core msci emkt (IEMG) 3.1 $13M 331k 39.89
Spdr Short-term High Yield mf (SJNK) 3.0 $13M 464k 26.94
Vanguard Large-Cap ETF (VV) 2.4 $9.9M 113k 88.05
iShares Barclays TIPS Bond Fund (TIP) 1.4 $6.1M 55k 110.69
Spdr Series Trust cmn (HYMB) 1.1 $4.8M 85k 56.61
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.0 $4.4M 40k 109.54
Schwab Strategic Tr us aggregate b (SCHZ) 0.9 $3.9M 76k 52.14
Pimco Etf Tr 0-5 high yield (HYS) 0.9 $3.9M 41k 94.62
Schwab Strategic Tr 0 (SCHP) 0.9 $3.9M 72k 53.67
Vanguard Total Stock Market ETF (VTI) 0.9 $3.8M 39k 98.72
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.7 $3.1M 29k 106.39
Schwab Emerging Markets Equity ETF (SCHE) 0.6 $2.3M 116k 20.22
Claymore Exchange-traded Fd gugg crp bd 2016 0.5 $2.3M 104k 22.19
Claymore Exchange-traded Fd gugg crp bd 2017 0.5 $2.3M 101k 22.69
Microsoft Corporation (MSFT) 0.5 $2.2M 51k 44.27
Procter & Gamble Company (PG) 0.5 $2.2M 31k 71.95
Guggenheim Bulletshar 0.5 $2.2M 101k 21.63
Claymore Exchange Trd Fd Tr gug bull2018 e 0.5 $2.1M 100k 21.22
Ishares Inc msci frntr 100 (FM) 0.5 $2.1M 85k 25.14
Claymore Exchange Trd Fd Tr gug bull2019 e 0.5 $2.1M 98k 21.14
Pimco Etf Tr 1-3yr ustreidx 0.5 $2.1M 40k 51.07
Apple (AAPL) 0.5 $1.9M 18k 110.28
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.4 $1.9M 77k 24.35
Claymore Exchange Trd Fd Tr gug bull2020 e 0.4 $1.9M 88k 21.28
First Tr Exch Trd Alpha Fd I emerg mkt alph (FEM) 0.4 $1.8M 102k 18.01
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.4 $1.7M 33k 52.80
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.4 $1.7M 16k 105.14
iShares MSCI EAFE Index Fund (EFA) 0.4 $1.6M 29k 57.32
iShares Lehman Aggregate Bond (AGG) 0.4 $1.7M 15k 109.56
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.4 $1.5M 74k 20.84
Intel Corporation (INTC) 0.3 $1.5M 49k 30.14
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.3 $1.5M 29k 50.95
Market Vectors-Inter. Muni. Index 0.3 $1.4M 58k 23.63
Schwab International Equity ETF (SCHF) 0.3 $1.4M 52k 27.36
SPDR DJ Wilshire REIT (RWR) 0.3 $1.4M 16k 86.14
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.3 $1.3M 28k 47.79
Vanguard Total World Stock Idx (VT) 0.3 $1.2M 22k 55.31
Vanguard Short-Term Bond ETF (BSV) 0.3 $1.2M 15k 80.36
iShares Russell Microcap Index (IWC) 0.3 $1.2M 17k 69.76
Market Vectors High Yield Muni. Ind 0.3 $1.1M 36k 30.58
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.3 $1.1M 36k 30.53
Spdr S&p 500 Etf (SPY) 0.2 $1.1M 5.6k 191.55
SPDR S&P Emerging Markets Small Cap (EWX) 0.2 $967k 26k 36.97
Nike (NKE) 0.2 $953k 7.7k 123.00
Vanguard High Dividend Yield ETF (VYM) 0.2 $934k 15k 62.63
Guggenheim Bulletshs Etf equity 0.2 $914k 35k 25.89
Claymore Etf gug blt2017 hy 0.2 $894k 35k 25.38
Claymore Etf gug blt2016 hy 0.2 $906k 35k 25.87
Claymore Exchange Trd Fd Tr gug blt2018 hy 0.2 $836k 34k 24.64
Spdr Series Trust brcly em locl (EBND) 0.2 $817k 33k 24.58
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.2 $752k 6.0k 124.59
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.2 $764k 23k 33.97
Claymore Exchange Trd Fd Tr gug bul 2019 hy 0.2 $780k 33k 23.60
Vanguard Value ETF (VTV) 0.2 $701k 9.1k 76.73
SPDR Dow Jones Global Real Estate (RWO) 0.2 $706k 16k 45.16
Twitter 0.2 $735k 27k 26.93
Guggenheim Bulletshares 2020 H mf 0.2 $723k 31k 23.52
3M Company (MMM) 0.2 $677k 4.8k 141.69
iShares S&P World Ex-US Prop Index (WPS) 0.2 $691k 20k 34.85
Chevron Corporation (CVX) 0.1 $631k 8.0k 78.87
General Electric Company 0.1 $640k 25k 25.24
iShares S&P 500 Index (IVV) 0.1 $632k 3.3k 192.86
Amazon (AMZN) 0.1 $580k 1.1k 511.46
Exxon Mobil Corporation (XOM) 0.1 $562k 7.6k 74.39
SPDR S&P Dividend (SDY) 0.1 $534k 7.4k 72.19
SPDR S&P International Dividend (DWX) 0.1 $489k 14k 33.98
Costco Wholesale Corporation (COST) 0.1 $473k 3.3k 144.47
Walt Disney Company (DIS) 0.1 $469k 4.6k 102.18
Starbucks Corporation (SBUX) 0.1 $459k 8.1k 56.83
Bank of America Corporation (BAC) 0.1 $423k 27k 15.57
Amgen (AMGN) 0.1 $424k 3.1k 138.25
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $444k 3.8k 116.14
WisdomTree SmallCap Dividend Fund (DES) 0.1 $436k 6.9k 63.01
U.S. Bancorp (USB) 0.1 $398k 9.7k 41.00
Coca-Cola Company (KO) 0.1 $378k 9.4k 40.16
Bristol Myers Squibb (BMY) 0.1 $361k 6.1k 59.24
Boeing Company (BA) 0.1 $347k 2.6k 131.14
PowerShares VRDO Tax Free Weekly Por ETF 0.1 $346k 14k 24.89
Vanguard Total Bond Market ETF (BND) 0.1 $339k 4.1k 81.90
WisdomTree Intl. SmallCap Div (DLS) 0.1 $339k 6.1k 55.25
BlackRock (BLK) 0.1 $313k 1.1k 297.25
Johnson & Johnson (JNJ) 0.1 $305k 3.3k 93.22
International Business Machines (IBM) 0.1 $292k 2.0k 144.91
Merck & Co (MRK) 0.1 $305k 6.2k 49.31
Gilead Sciences (GILD) 0.1 $284k 2.9k 98.17
Visa (V) 0.1 $314k 4.5k 69.59
PowerShares QQQ Trust, Series 1 0.1 $277k 2.7k 101.65
Wisdomtree Tr em lcl debt (ELD) 0.1 $291k 8.4k 34.68
PIMCO Broad US TIPS Index Fund (TIPZ) 0.1 $300k 5.4k 55.76
Facebook Inc cl a (META) 0.1 $298k 3.3k 89.76
McDonald's Corporation (MCD) 0.1 $236k 2.4k 98.33
Verizon Communications (VZ) 0.1 $236k 5.4k 43.55
ConocoPhillips (COP) 0.1 $252k 5.3k 47.92
Southwest Airlines (LUV) 0.1 $246k 6.5k 38.08
iShares S&P SmallCap 600 Index (IJR) 0.1 $274k 2.6k 106.41
Schwab Intl Small Cap Equity ETF (SCHC) 0.1 $237k 8.3k 28.59
Medtronic (MDT) 0.1 $268k 4.0k 66.83
Danaher Corporation (DHR) 0.1 $223k 2.6k 85.18
Sempra Energy (SRE) 0.1 $225k 2.3k 96.82
Paccar (PCAR) 0.1 $205k 3.9k 52.18
Vanguard Emerging Markets ETF (VWO) 0.1 $233k 7.0k 33.06
WisdomTree Emerging Markets Eq (DEM) 0.1 $227k 6.8k 33.53
Phillips 66 (PSX) 0.1 $225k 2.9k 76.79
Opko Health (OPK) 0.0 $168k 20k 8.40