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

Empirical Financial Services as of Sept. 30, 2016

Portfolio Holdings for Empirical Financial Services

Empirical Financial Services holds 109 positions in its portfolio as reported in the September 2016 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Short Term Corporate Bond ETF (VCSH) 21.4 $82M 1.0M 80.55
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 13.8 $53M 589k 89.58
Vanguard Malvern Fds strm infproidx (VTIP) 10.6 $40M 814k 49.65
iShares Lehman 1-3 Year Treas.Bond (SHY) 8.3 $32M 372k 85.04
Spdr Short-term High Yield mf (SJNK) 5.3 $20M 736k 27.69
Ishares Inc core msci emkt (IEMG) 4.7 $18M 392k 45.61
Schwab Strategic Tr us lrg cap etf (SCHX) 2.8 $11M 207k 51.62
Vanguard REIT ETF (VNQ) 2.8 $11M 122k 86.74
Vanguard Large-Cap ETF (VV) 2.5 $9.4M 95k 99.16
Spdr Series Trust cmn (HYMB) 1.8 $6.8M 115k 59.33
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 1.2 $4.5M 38k 117.22
iShares Barclays TIPS Bond Fund (TIP) 1.2 $4.5M 39k 116.49
Vanguard Total Stock Market ETF (VTI) 1.1 $4.2M 38k 111.34
Schwab Strategic Tr us aggregate b (SCHZ) 1.1 $4.2M 78k 53.67
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.0 $3.8M 34k 112.74
Microsoft Corporation (MSFT) 0.7 $2.5M 43k 57.60
Intel Corporation (INTC) 0.7 $2.5M 66k 37.74
Apple (AAPL) 0.6 $2.4M 21k 113.07
Schwab Emerging Markets Equity ETF (SCHE) 0.6 $2.2M 97k 23.06
Claymore Exchange-traded Fd gugg crp bd 2017 0.6 $2.1M 94k 22.68
Claymore Exchange Trd Fd Tr gug bull2019 e 0.6 $2.1M 100k 21.40
Claymore Exchange Trd Fd Tr gug bull2018 e 0.6 $2.1M 100k 21.32
Ishares Inc msci frntr 100 (FM) 0.6 $2.1M 82k 25.68
Claymore Exchange Trd Fd Tr gug bull2020 e 0.5 $2.1M 95k 21.71
Schwab Strategic Tr 0 (SCHP) 0.5 $1.9M 34k 57.07
Claymore Exchange-traded Fd gugg crp bd 2016 0.5 $1.9M 88k 22.06
Nuveen Barclays Shrt Term Muni bdfund (SHM) 0.5 $2.0M 40k 48.84
Camden National Corporation (CAC) 0.5 $1.8M 37k 47.75
iShrs S&P ShtTrm Ntnl AMTFr MncplBnf ETF (SUB) 0.5 $1.8M 17k 105.97
Gugenheim Bulletshares 2022 Corp Bd 0.4 $1.5M 71k 21.64
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.4 $1.5M 48k 30.77
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.4 $1.5M 70k 21.60
iShares Lehman Aggregate Bond (AGG) 0.4 $1.4M 13k 112.45
Vanguard High Dividend Yield ETF (VYM) 0.4 $1.4M 19k 72.12
Vaneck Vectors Etf Tr High Yld Mun Etf 0.3 $1.3M 40k 32.26
Starbucks Corporation (SBUX) 0.3 $1.2M 23k 54.13
Chevron Corporation (CVX) 0.3 $1.1M 11k 102.92
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $1.1M 32k 34.91
Vaneck Vectors Amt-free Intermediate Municipal Index Etf etf 0.3 $1.1M 46k 24.60
SPDR DJ Wilshire REIT (RWR) 0.3 $1.1M 11k 97.34
Claymore Exchange Trd Fd Tr gug blt2018 hy 0.3 $1.0M 41k 25.31
Claymore Exchange Trd Fd Tr gug bul 2019 hy 0.3 $1.0M 43k 24.26
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.3 $997k 9.4k 105.73
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.3 $995k 18k 56.20
Spdr S&p 500 Etf (SPY) 0.2 $964k 4.5k 216.34
SPDR S&P International Dividend (DWX) 0.2 $959k 26k 36.78
Claymore Etf gug blt2017 hy 0.2 $952k 37k 25.90
Claymore Etf gug blt2016 hy 0.2 $975k 38k 25.80
Guggenheim Bulletshares 2020 H mf 0.2 $939k 39k 24.29
Claymore Exchange Trd Fd Tr 2021 hg yld cb 0.2 $938k 38k 24.83
Procter & Gamble Company (PG) 0.2 $900k 10k 89.72
Vanguard Value ETF (VTV) 0.2 $914k 11k 86.96
D First Tr Exchange-traded (FPE) 0.2 $929k 48k 19.54
General Electric Company 0.2 $856k 29k 29.60
iShares S&P 500 Index (IVV) 0.2 $857k 3.9k 217.51
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.2 $710k 13k 55.16
Amazon (AMZN) 0.2 $699k 835.00 837.13
WisdomTree SmallCap Dividend Fund (DES) 0.2 $705k 9.4k 75.21
Pimco Etf Tr 0-5 high yield (HYS) 0.2 $701k 7.0k 99.53
iShares Russell Microcap Index (IWC) 0.2 $660k 8.5k 78.00
iShares MSCI EAFE Index Fund (EFA) 0.2 $623k 11k 59.18
First Tr Exch Trd Alpha Fd I emerg mkt alph (FEM) 0.2 $602k 29k 20.74
Exxon Mobil Corporation (XOM) 0.1 $572k 6.5k 87.34
3M Company (MMM) 0.1 $582k 3.3k 176.31
U.S. Bancorp (USB) 0.1 $538k 13k 42.87
Boeing Company (BA) 0.1 $517k 3.9k 131.75
Amgen (AMGN) 0.1 $537k 3.2k 166.87
WisdomTree Intl. SmallCap Div (DLS) 0.1 $551k 9.0k 61.37
Costco Wholesale Corporation (COST) 0.1 $483k 3.2k 152.41
Vanguard Dividend Appreciation ETF (VIG) 0.1 $495k 5.9k 84.00
Schwab International Equity ETF (SCHF) 0.1 $488k 17k 28.80
Schwab Intl Small Cap Equity ETF (SCHC) 0.1 $513k 17k 30.91
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $471k 3.8k 123.20
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $452k 3.6k 126.61
First Tr Exchange Traded Fd senior ln (FTSL) 0.1 $450k 9.3k 48.44
Walt Disney Company (DIS) 0.1 $423k 4.6k 92.78
iShares Silver Trust (SLV) 0.1 $427k 24k 18.18
WisdomTree Emerging Markets Eq (DEM) 0.1 $411k 11k 37.53
Bank of America Corporation (BAC) 0.1 $398k 25k 15.64
Johnson & Johnson (JNJ) 0.1 $377k 3.2k 118.26
Molina Healthcare (MOH) 0.1 $385k 6.6k 58.29
SPDR Dow Jones Global Real Estate (RWO) 0.1 $399k 8.0k 49.84
Gilead Sciences (GILD) 0.1 $349k 4.4k 79.12
iShares S&P SmallCap 600 Index (IJR) 0.1 $346k 2.8k 124.10
PowerShares VRDO Tax Free Weekly Por ETF 0.1 $346k 14k 24.89
Coca-Cola Company (KO) 0.1 $300k 7.1k 42.34
At&t (T) 0.1 $302k 7.4k 40.57
Cisco Systems (CSCO) 0.1 $310k 9.8k 31.75
International Business Machines (IBM) 0.1 $310k 2.0k 158.73
Nike (NKE) 0.1 $292k 5.5k 52.62
PowerShares QQQ Trust, Series 1 0.1 $308k 2.6k 118.87
Facebook Inc cl a (META) 0.1 $291k 2.3k 128.08
Verizon Communications (VZ) 0.1 $278k 5.3k 52.07
ConocoPhillips (COP) 0.1 $271k 6.2k 43.44
Danaher Corporation (DHR) 0.1 $274k 3.5k 78.53
iShares S&P MidCap 400 Index (IJH) 0.1 $269k 1.7k 154.69
Rydex S&P Equal Weight ETF 0.1 $261k 3.1k 83.65
Spdr Series Trust brcly em locl (EBND) 0.1 $283k 10k 28.35
Twitter 0.1 $255k 11k 23.06
Automatic Data Processing (ADP) 0.1 $225k 2.5k 88.30
Berkshire Hathaway (BRK.A) 0.1 $216k 1.00 216000.00
Pepsi (PEP) 0.1 $242k 2.2k 108.76
Opko Health (OPK) 0.1 $235k 22k 10.59
Pfizer (PFE) 0.1 $205k 6.1k 33.87
SPDR Gold Trust (GLD) 0.1 $204k 1.6k 125.93
iShares S&P 1500 Index Fund (ITOT) 0.1 $209k 4.2k 49.42
iShares Barclays Credit Bond Fund (USIG) 0.1 $210k 1.8k 113.82
Barclays Bk Plc Ipspgs Ttl Etn etf 0.0 $166k 12k 13.71
Gabelli Equity Trust (GAB) 0.0 $82k 15k 5.63