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

Empirical Financial Services as of Dec. 31, 2015

Portfolio Holdings for Empirical Financial Services

Empirical Financial Services holds 104 positions in its portfolio as reported in the December 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Short Term Corporate Bond ETF (VCSH) 19.8 $81M 1.0M 78.99
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 12.3 $51M 603k 84.09
Schwab Strategic Tr us lrg cap etf (SCHX) 8.3 $34M 706k 48.57
Vanguard Malvern Fds strm infproidx (VTIP) 8.2 $34M 693k 48.35
iShares Lehman 1-3 Year Treas.Bond (SHY) 6.8 $28M 331k 84.36
Vanguard REIT ETF (VNQ) 4.5 $19M 232k 79.73
Vanguard Europe Pacific ETF (VEA) 3.8 $16M 421k 36.72
Spdr Short-term High Yield mf (SJNK) 3.7 $15M 586k 25.69
Ishares Inc core msci emkt (IEMG) 3.6 $15M 379k 39.39
Vanguard Large-Cap ETF (VV) 2.5 $10M 108k 93.50
Barclays Bk Plc Ipspgs Ttl Etn etf 1.5 $6.3M 483k 13.01
iShares Barclays TIPS Bond Fund (TIP) 1.3 $5.3M 49k 109.68
Spdr Series Trust cmn (HYMB) 1.2 $5.1M 89k 57.05
Schwab Strategic Tr us aggregate b (SCHZ) 1.1 $4.4M 86k 51.50
Vanguard Total Stock Market ETF (VTI) 1.0 $4.1M 40k 104.30
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.9 $3.8M 36k 105.78
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.9 $3.8M 34k 110.72
Schwab Strategic Tr 0 (SCHP) 0.6 $2.6M 48k 53.12
Microsoft Corporation (MSFT) 0.6 $2.3M 41k 55.47
Ishares Inc msci frntr 100 (FM) 0.5 $2.1M 86k 24.89
Claymore Exchange-traded Fd gugg crp bd 2016 0.5 $2.0M 92k 22.08
Claymore Exchange-traded Fd gugg crp bd 2017 0.5 $2.0M 90k 22.52
Claymore Exchange Trd Fd Tr gug bull2018 e 0.5 $1.9M 89k 21.02
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.5 $1.8M 76k 24.36
Claymore Exchange Trd Fd Tr gug bull2019 e 0.4 $1.8M 87k 20.86
iShrs S&P ShtTrm Ntnl AMTFr MncplBnf ETF (SUB) 0.4 $1.8M 17k 105.97
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.4 $1.7M 32k 54.37
iShares Russell Microcap Index (IWC) 0.4 $1.7M 23k 72.10
Claymore Exchange Trd Fd Tr gug bull2020 e 0.4 $1.6M 78k 20.89
First Tr Exch Trd Alpha Fd I emerg mkt alph (FEM) 0.4 $1.6M 88k 17.97
iShares Lehman Aggregate Bond (AGG) 0.4 $1.5M 14k 108.02
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.4 $1.5M 14k 104.57
Schwab Emerging Markets Equity ETF (SCHE) 0.4 $1.5M 77k 19.51
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.4 $1.5M 29k 51.10
Pimco Etf Tr 0-5 high yield (HYS) 0.3 $1.5M 16k 91.62
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.3 $1.4M 69k 20.51
Market Vectors-Inter. Muni. Index 0.3 $1.4M 58k 23.97
Apple (AAPL) 0.3 $1.4M 13k 105.24
SPDR DJ Wilshire REIT (RWR) 0.3 $1.3M 15k 91.61
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.3 $1.4M 28k 49.94
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.3 $1.3M 44k 30.39
Schwab International Equity ETF (SCHF) 0.3 $1.4M 50k 27.57
Intel Corporation (INTC) 0.3 $1.3M 37k 34.45
Market Vectors High Yield Muni. Ind 0.3 $1.3M 41k 30.89
Vanguard Total World Stock Idx (VT) 0.3 $1.3M 22k 57.60
Spdr S&p 500 Etf (SPY) 0.3 $1.2M 5.7k 203.94
iShares MSCI EAFE Index Fund (EFA) 0.3 $1.2M 20k 58.71
Vanguard Short-Term Bond ETF (BSV) 0.3 $1.1M 14k 79.60
Chevron Corporation (CVX) 0.2 $976k 11k 89.97
Vanguard High Dividend Yield ETF (VYM) 0.2 $1.0M 15k 66.74
Claymore Etf gug blt2016 hy 0.2 $931k 36k 25.87
Claymore Etf gug blt2017 hy 0.2 $889k 36k 24.95
General Electric Company 0.2 $847k 27k 31.15
Procter & Gamble Company (PG) 0.2 $808k 10k 79.39
Vanguard Value ETF (VTV) 0.2 $817k 10k 81.53
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.2 $816k 24k 33.43
Claymore Exchange Trd Fd Tr gug blt2018 hy 0.2 $838k 35k 23.66
Claymore Exchange Trd Fd Tr gug bul 2019 hy 0.2 $783k 34k 22.74
Guggenheim Bulletshares 2020 H mf 0.2 $763k 34k 22.51
iShares S&P World Ex-US Prop Index (WPS) 0.2 $694k 20k 35.13
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.2 $683k 5.6k 122.60
Exxon Mobil Corporation (XOM) 0.2 $656k 8.4k 77.91
SPDR Dow Jones Global Real Estate (RWO) 0.2 $665k 14k 46.77
Pimco Etf Tr 1-3yr ustreidx 0.2 $671k 13k 50.65
iShares S&P 500 Index (IVV) 0.1 $633k 3.1k 204.72
SPDR S&P Emerging Markets Small Cap (EWX) 0.1 $633k 17k 37.74
3M Company (MMM) 0.1 $555k 3.7k 150.61
Vanguard Dividend Appreciation ETF (VIG) 0.1 $580k 7.5k 77.77
Starbucks Corporation (SBUX) 0.1 $548k 9.1k 59.98
Bank of America Corporation (BAC) 0.1 $510k 30k 16.84
Amgen (AMGN) 0.1 $498k 3.1k 162.37
SPDR S&P International Dividend (DWX) 0.1 $489k 15k 33.39
Amazon (AMZN) 0.1 $468k 693.00 675.32
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $436k 3.8k 114.05
WisdomTree SmallCap Dividend Fund (DES) 0.1 $458k 7.1k 64.87
Twitter 0.1 $470k 20k 23.15
U.S. Bancorp (USB) 0.1 $414k 9.7k 42.65
Spdr Series Trust brcly em locl (EBND) 0.1 $420k 17k 24.57
Costco Wholesale Corporation (COST) 0.1 $381k 2.4k 161.65
Walt Disney Company (DIS) 0.1 $377k 3.6k 105.16
Nike (NKE) 0.1 $353k 5.6k 62.49
Gilead Sciences (GILD) 0.1 $386k 3.8k 101.29
WisdomTree Intl. SmallCap Div (DLS) 0.1 $357k 6.1k 58.06
PowerShares VRDO Tax Free Weekly Por ETF 0.1 $346k 14k 24.89
Vanguard Total Bond Market ETF (BND) 0.1 $336k 4.2k 80.65
Coca-Cola Company (KO) 0.1 $285k 6.6k 42.92
Johnson & Johnson (JNJ) 0.1 $275k 2.7k 102.73
Southwest Airlines (LUV) 0.1 $278k 6.5k 43.03
PowerShares QQQ Trust, Series 1 0.1 $287k 2.6k 111.89
iShares S&P SmallCap 600 Index (IJR) 0.1 $282k 2.6k 110.29
International Business Machines (IBM) 0.1 $252k 1.8k 137.33
Merck & Co (MRK) 0.1 $228k 4.3k 52.88
Danaher Corporation (DHR) 0.1 $246k 2.6k 92.97
SPDR S&P Dividend (SDY) 0.1 $239k 3.2k 73.65
WisdomTree Emerging Markets Eq (DEM) 0.1 $251k 7.9k 31.68
Facebook Inc cl a (META) 0.1 $264k 2.5k 104.68
First Tr Exchange Traded Fd senior ln (FTSL) 0.1 $252k 5.4k 46.78
Pfizer (PFE) 0.1 $204k 6.3k 32.29
Boeing Company (BA) 0.1 $225k 1.6k 144.32
ConocoPhillips (COP) 0.1 $216k 4.6k 46.66
Pepsi (PEP) 0.1 $200k 2.0k 99.75
Opko Health (OPK) 0.1 $201k 20k 10.05
Schwab Intl Small Cap Equity ETF (SCHC) 0.1 $223k 7.7k 28.89
iShares Silver Trust (SLV) 0.0 $183k 14k 13.20