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

Empirical Financial Services as of Sept. 30, 2017

Portfolio Holdings for Empirical Financial Services

Empirical Financial Services holds 139 positions in its portfolio as reported in the September 2017 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Short Term Corporate Bond ETF (VCSH) 20.6 $90M 1.1M 80.13
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 13.0 $56M 641k 88.01
Vanguard Malvern Fds strm infproidx (VTIP) 8.9 $38M 777k 49.45
iShares Lehman 1-3 Year Treas.Bond (SHY) 7.0 $30M 359k 84.45
Ishares Inc core msci emkt (IEMG) 5.3 $23M 426k 54.02
Spdr Short-term High Yield mf (SJNK) 4.3 $19M 662k 27.97
Vanguard REIT ETF (VNQ) 2.6 $11M 134k 83.09
Vanguard Large-Cap ETF (VV) 2.3 $9.9M 86k 115.40
Schwab Strategic Tr us lrg cap etf (SCHX) 2.1 $9.1M 152k 60.04
Nuveen Barclays Shrt Term Muni bdfund (SHM) 1.9 $8.2M 169k 48.60
Spdr Series Trust cmn (HYMB) 1.6 $6.8M 120k 57.10
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 1.3 $5.8M 50k 116.42
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.2 $5.0M 46k 110.86
Vanguard Total Stock Market ETF (VTI) 1.1 $4.9M 38k 129.52
Schwab Strategic Tr us aggregate b (SCHZ) 1.1 $4.6M 89k 52.36
Apple (AAPL) 0.9 $4.0M 26k 154.13
Microsoft Corporation (MSFT) 0.8 $3.5M 47k 74.49
Vanguard Europe Pacific ETF (VEA) 0.8 $3.3M 76k 43.42
iShares Barclays TIPS Bond Fund (TIP) 0.7 $3.1M 28k 113.59
D First Tr Exchange-traded (FPE) 0.7 $3.1M 154k 20.08
Vanguard High Dividend Yield ETF (VYM) 0.7 $2.9M 36k 81.07
Ishares Inc msci frntr 100 (FM) 0.6 $2.7M 87k 31.34
Vaneck Vectors Etf Tr High Yld Mun Etf 0.6 $2.6M 84k 31.31
Schwab Emerging Markets Equity ETF (SCHE) 0.5 $2.2M 83k 26.92
Vanguard Short-Term Bond ETF (BSV) 0.5 $2.2M 27k 79.82
Claymore Exchange Trd Fd Tr gug bull2018 e 0.5 $2.1M 99k 21.19
Camden National Corporation (CAC) 0.5 $2.1M 47k 43.64
Claymore Exchange Trd Fd Tr gug bull2020 e 0.5 $2.0M 94k 21.51
Claymore Exchange-traded Fd gugg crp bd 2017 0.5 $1.9M 85k 22.62
Claymore Exchange Trd Fd Tr gug bull2019 e 0.5 $1.9M 92k 21.25
Chevron Corporation (CVX) 0.4 $1.9M 16k 117.50
SPDR S&P International Dividend (DWX) 0.4 $1.8M 45k 40.38
Schwab Strategic Tr 0 (SCHP) 0.4 $1.8M 32k 55.26
Ishares U S Etf Tr Commodities Select Strategy Etf (COMT) 0.4 $1.8M 51k 34.85
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.4 $1.8M 30k 59.41
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.4 $1.7M 81k 21.36
Vanguard Value ETF (VTV) 0.4 $1.7M 17k 99.80
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.4 $1.6M 26k 61.99
Intel Corporation (INTC) 0.3 $1.5M 39k 38.08
Starbucks Corporation (SBUX) 0.3 $1.4M 26k 53.73
Microchip Technology (MCHP) 0.3 $1.4M 15k 89.78
WisdomTree SmallCap Dividend Fund (DES) 0.3 $1.4M 17k 84.04
Gugenheim Bulletshares 2022 Corp Bd 0.3 $1.4M 66k 21.40
Spdr S&p 500 Etf (SPY) 0.3 $1.3M 5.2k 251.21
iShares S&P 500 Index (IVV) 0.3 $1.3M 5.1k 252.92
Vanguard Total World Stock Idx (VT) 0.3 $1.3M 18k 70.70
Claymore Exchange Trd Fd Tr 2023 corp bond 0.3 $1.3M 62k 21.10
SPDR DJ Wilshire REIT (RWR) 0.3 $1.3M 14k 92.52
Amazon (AMZN) 0.3 $1.2M 1.2k 961.57
iShares Lehman Aggregate Bond (AGG) 0.2 $1.1M 9.9k 109.54
Claymore Exchange Trd Fd Tr gug bul 2019 hy 0.2 $986k 40k 24.71
Vaneck Vectors Amt-free Intermediate Municipal Index Etf etf 0.2 $1.0M 42k 24.04
Claymore Exchange Trd Fd Tr gug blt2018 hy 0.2 $950k 38k 25.33
Guggenheim Bulletshares 2020 H mf 0.2 $948k 38k 24.96
Procter & Gamble Company (PG) 0.2 $918k 10k 90.98
Claymore Exchange Trd Fd Tr 2022 hg yld cb 0.2 $907k 36k 25.41
Claymore Exchange Trd Fd Tr 2021 hg yld cb 0.2 $914k 36k 25.27
Matthews International Corporation (MATW) 0.2 $859k 14k 62.22
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.2 $872k 8.3k 105.30
WisdomTree Intl. SmallCap Div (DLS) 0.2 $888k 12k 73.94
Vanguard Growth ETF (VUG) 0.2 $834k 6.3k 132.70
Claymore Etf gug blt2017 hy 0.2 $816k 32k 25.73
General Electric Company 0.2 $790k 33k 24.17
Boeing Company (BA) 0.2 $787k 3.1k 254.12
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.2 $769k 25k 30.67
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.2 $761k 22k 34.51
PowerShares QQQ Trust, Series 1 0.2 $747k 5.1k 145.39
Vanguard Dividend Appreciation ETF (VIG) 0.2 $748k 7.9k 94.80
iShares Russell Microcap Index (IWC) 0.2 $736k 7.8k 94.42
WisdomTree Emerging Markets Eq (DEM) 0.2 $728k 17k 43.00
SPDR DJ Wilshire Small Cap Growth (SLYG) 0.2 $684k 3.0k 228.00
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.2 $674k 11k 64.18
Johnson & Johnson (JNJ) 0.1 $654k 5.0k 130.02
iShares S&P 500 Value Index (IVE) 0.1 $666k 6.2k 107.85
U.S. Bancorp (USB) 0.1 $607k 11k 53.63
iShares MSCI EAFE Index Fund (EFA) 0.1 $597k 8.7k 68.44
Schwab Intl Small Cap Equity ETF (SCHC) 0.1 $589k 16k 35.84
Costco Wholesale Corporation (COST) 0.1 $569k 3.5k 164.17
At&t (T) 0.1 $573k 15k 39.16
Amgen (AMGN) 0.1 $567k 3.0k 186.33
Nike (NKE) 0.1 $572k 11k 51.89
Vanguard Small-Cap ETF (VB) 0.1 $563k 4.0k 141.35
Exxon Mobil Corporation (XOM) 0.1 $516k 6.3k 81.96
Alphabet Inc Class C cs (GOOG) 0.1 $533k 556.00 958.63
First Tr Exch Trd Alpha Fd I emerg mkt alph (FEM) 0.1 $477k 17k 27.38
Pimco Etf Tr 0-5 high yield (HYS) 0.1 $479k 4.7k 101.55
Facebook Inc cl a (META) 0.1 $474k 2.8k 170.93
Alphabet Inc Class A cs (GOOGL) 0.1 $497k 510.00 974.51
Bank of America Corporation (BAC) 0.1 $430k 17k 25.36
Walt Disney Company (DIS) 0.1 $442k 4.5k 98.64
SPDR S&P Emerging Markets Small Cap (EWX) 0.1 $450k 9.1k 49.51
stock 0.1 $433k 6.5k 66.42
First Tr Exchange Traded Fd senior ln (FTSL) 0.1 $414k 8.6k 48.16
Oracle Corporation (ORCL) 0.1 $403k 8.3k 48.30
iShares Russell 2000 Index (IWM) 0.1 $382k 2.6k 148.35
iShares Silver Trust (SLV) 0.1 $370k 24k 15.75
iShares S&P World Ex-US Prop Index (WPS) 0.1 $401k 11k 38.08
Schwab International Equity ETF (SCHF) 0.1 $384k 12k 33.47
JPMorgan Chase & Co. (JPM) 0.1 $346k 3.6k 95.55
Gilead Sciences (GILD) 0.1 $344k 4.2k 80.98
iShares S&P 500 Growth Index (IVW) 0.1 $341k 2.4k 143.58
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $366k 3.0k 123.57
International Business Machines (IBM) 0.1 $319k 2.2k 145.33
Pepsi (PEP) 0.1 $282k 2.5k 111.29
Danaher Corporation (DHR) 0.1 $299k 3.5k 85.67
Southwest Airlines (LUV) 0.1 $282k 5.0k 56.03
iShares S&P SmallCap 600 Index (IJR) 0.1 $307k 4.1k 74.10
WisdomTree Emerging Mkts Small Cp Div (DGS) 0.1 $287k 5.8k 49.08
SPDR S&P Dividend (SDY) 0.1 $298k 3.3k 91.30
SPDR Dow Jones Global Real Estate (RWO) 0.1 $309k 6.5k 47.75
Spdr Series Trust brcly em locl (EBND) 0.1 $304k 10k 29.90
Coca-Cola Company (KO) 0.1 $257k 5.7k 44.96
McDonald's Corporation (MCD) 0.1 $267k 1.7k 156.51
Pfizer (PFE) 0.1 $264k 7.4k 35.64
Bristol Myers Squibb (BMY) 0.1 $251k 3.9k 63.71
Automatic Data Processing (ADP) 0.1 $241k 2.2k 109.55
Merck & Co (MRK) 0.1 $277k 4.3k 64.12
Patterson Companies (PDCO) 0.1 $270k 7.0k 38.58
Visa (V) 0.1 $259k 2.5k 105.37
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $255k 2.1k 121.43
First Trust Dow Jones Sel.MicroCap (FDM) 0.1 $265k 5.7k 46.25
Schwab Strategic Tr us dividend eq (SCHD) 0.1 $249k 5.3k 46.80
Berkshire Hathaway (BRK.B) 0.1 $206k 1.1k 183.76
CSX Corporation (CSX) 0.1 $202k 3.7k 54.24
Verizon Communications (VZ) 0.1 $218k 4.4k 49.41
Altria (MO) 0.1 $234k 3.7k 63.36
Philip Morris International (PM) 0.1 $221k 2.0k 110.94
UnitedHealth (UNH) 0.1 $210k 1.1k 196.08
Xcel Energy (XEL) 0.1 $235k 5.0k 47.41
iShares S&P MidCap 400 Index (IJH) 0.1 $207k 1.2k 179.07
Vanguard Small-Cap Value ETF (VBR) 0.1 $219k 1.7k 127.62
Vanguard Utilities ETF (VPU) 0.1 $233k 2.0k 116.73
Vanguard Consumer Staples ETF (VDC) 0.1 $230k 1.7k 138.72
Schwab U S Broad Market ETF (SCHB) 0.1 $203k 3.3k 60.89
WisdomTree DEFA Equity Income Fund (DTH) 0.1 $222k 5.1k 43.79
Schwab Strategic Tr cmn (SCHV) 0.1 $227k 4.4k 51.86
Phillips 66 (PSX) 0.1 $204k 2.2k 91.52
First Tr Exchange-traded Fd no amer energy (EMLP) 0.1 $224k 9.0k 24.81
Opko Health (OPK) 0.0 $152k 22k 6.85