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

Empirical Financial Services as of Dec. 31, 2017

Portfolio Holdings for Empirical Financial Services

Empirical Financial Services holds 151 positions in its portfolio as reported in the December 2017 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Short Term Corporate Bond ETF (VCSH) 20.3 $95M 1.2M 79.30
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 12.7 $59M 679k 87.39
Vanguard Malvern Fds strm infproidx (VTIP) 8.7 $41M 834k 48.82
iShares Lehman 1-3 Year Treas.Bond (SHY) 6.5 $30M 361k 83.85
Ishares Inc core msci emkt (IEMG) 5.3 $25M 437k 56.90
Spdr Short-term High Yield mf (SJNK) 4.4 $20M 737k 27.56
Vanguard REIT ETF (VNQ) 2.5 $12M 143k 82.98
Vanguard Large-Cap ETF (VV) 2.2 $10M 85k 122.58
Nuveen Barclays Shrt Term Muni bdfund (SHM) 2.1 $9.9M 207k 47.91
Schwab Strategic Tr us lrg cap etf (SCHX) 2.0 $9.6M 150k 63.78
Spdr Series Trust cmn (HYMB) 1.5 $6.8M 122k 55.66
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.4 $6.5M 58k 110.75
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 1.3 $6.1M 53k 116.11
Vanguard Total Stock Market ETF (VTI) 1.1 $5.4M 39k 137.26
Microsoft Corporation (MSFT) 1.0 $4.8M 56k 85.54
Schwab Strategic Tr us aggregate b (SCHZ) 1.0 $4.6M 89k 52.04
Apple (AAPL) 1.0 $4.5M 27k 169.22
D First Tr Exchange-traded (FPE) 0.9 $4.0M 201k 20.01
Vanguard Europe Pacific ETF (VEA) 0.8 $3.8M 85k 44.86
Vaneck Vectors Etf Tr High Yld Mun Etf 0.7 $3.4M 109k 31.20
Spdr S&p 500 Etf (SPY) 0.7 $3.2M 12k 266.87
Amazon (AMZN) 0.7 $3.2M 2.7k 1169.58
iShares Barclays TIPS Bond Fund (TIP) 0.7 $3.2M 28k 114.06
Procter & Gamble Company (PG) 0.7 $3.1M 34k 91.87
Vanguard High Dividend Yield ETF (VYM) 0.7 $3.0M 35k 85.63
Ishares Inc msci frntr 100 (FM) 0.6 $2.9M 89k 33.12
Schwab Emerging Markets Equity ETF (SCHE) 0.5 $2.4M 87k 27.95
Chevron Corporation (CVX) 0.5 $2.1M 17k 125.22
PowerShares QQQ Trust, Series 1 0.5 $2.1M 13k 155.78
Ishares U S Etf Tr Commodities Select Strategy Etf (COMT) 0.4 $2.0M 55k 36.35
Intel Corporation (INTC) 0.4 $1.9M 42k 46.15
Camden National Corporation (CAC) 0.4 $1.9M 46k 42.13
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.4 $1.8M 31k 60.49
Claymore Exchange Trd Fd Tr gug bull2018 e 0.4 $1.9M 89k 21.09
SPDR S&P International Dividend (DWX) 0.4 $1.8M 45k 41.20
Vanguard Value ETF (VTV) 0.4 $1.8M 17k 106.29
Claymore Exchange Trd Fd Tr gug bull2019 e 0.4 $1.8M 85k 21.09
Schwab Strategic Tr 0 (SCHP) 0.4 $1.7M 31k 55.44
Claymore Exchange Trd Fd Tr gug bull2020 e 0.4 $1.7M 81k 21.29
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.3 $1.6M 26k 64.50
WisdomTree SmallCap Dividend Fund (DES) 0.3 $1.6M 54k 29.04
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.3 $1.5M 73k 21.12
Starbucks Corporation (SBUX) 0.3 $1.4M 25k 57.43
Microchip Technology (MCHP) 0.3 $1.4M 15k 87.90
Vanguard Total World Stock Idx (VT) 0.3 $1.3M 18k 74.27
iShares S&P 500 Index (IVV) 0.3 $1.2M 4.4k 268.72
Gugenheim Bulletshares 2022 Corp Bd 0.3 $1.2M 58k 21.17
Boeing Company (BA) 0.2 $1.1M 3.7k 294.99
Claymore Exchange Trd Fd Tr 2023 corp bond 0.2 $1.1M 54k 20.82
SPDR DJ Wilshire REIT (RWR) 0.2 $1.0M 11k 93.65
Vaneck Vectors Amt-free Intermediate Municipal Index Etf etf 0.2 $1.0M 42k 24.06
iShares Lehman Aggregate Bond (AGG) 0.2 $982k 9.0k 109.35
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.2 $943k 9.0k 104.55
WisdomTree Intl. SmallCap Div (DLS) 0.2 $930k 12k 76.79
Claymore Exchange Trd Fd Tr gug blt2018 hy 0.2 $914k 36k 25.09
Claymore Exchange Trd Fd Tr gug bul 2019 hy 0.2 $942k 39k 24.38
Johnson & Johnson (JNJ) 0.2 $883k 6.3k 139.78
Vanguard Growth ETF (VUG) 0.2 $884k 6.3k 140.65
Guggenheim Bulletshares 2020 H mf 0.2 $898k 37k 24.53
Claymore Exchange Trd Fd Tr 2021 hg yld cb 0.2 $875k 35k 24.94
WisdomTree Emerging Markets Eq (DEM) 0.2 $850k 19k 45.37
Claymore Exchange Trd Fd Tr 2022 hg yld cb 0.2 $852k 34k 24.91
Nike (NKE) 0.2 $796k 13k 62.53
iShares Russell Microcap Index (IWC) 0.2 $794k 8.3k 95.71
Exxon Mobil Corporation (XOM) 0.2 $746k 8.9k 83.59
Matthews International Corporation (MATW) 0.2 $729k 14k 52.80
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.2 $755k 25k 30.40
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.2 $755k 22k 34.24
iShares S&P 500 Value Index (IVE) 0.1 $705k 6.2k 114.17
Vanguard Dividend Appreciation ETF (VIG) 0.1 $702k 6.9k 102.06
SPDR DJ Wilshire Small Cap Growth (SLYG) 0.1 $682k 3.0k 227.33
Schwab Intl Small Cap Equity ETF (SCHC) 0.1 $689k 19k 36.64
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.1 $713k 11k 66.12
Bank of America Corporation (BAC) 0.1 $639k 22k 29.50
Costco Wholesale Corporation (COST) 0.1 $656k 3.5k 186.20
iShares MSCI EAFE Index Fund (EFA) 0.1 $641k 9.1k 70.29
U.S. Bancorp (USB) 0.1 $606k 11k 53.55
At&t (T) 0.1 $601k 16k 38.89
Altria (MO) 0.1 $614k 8.6k 71.46
Vanguard Emerging Markets ETF (VWO) 0.1 $601k 13k 45.89
Vanguard Small-Cap ETF (VB) 0.1 $595k 4.0k 147.90
General Electric Company 0.1 $567k 33k 17.46
Amgen (AMGN) 0.1 $541k 3.1k 173.84
Vanguard Short-Term Bond ETF (BSV) 0.1 $553k 7.0k 79.15
Facebook Inc cl a (META) 0.1 $562k 3.2k 176.34
Alphabet Inc Class A cs (GOOGL) 0.1 $557k 529.00 1052.93
Alphabet Inc Class C cs (GOOG) 0.1 $582k 556.00 1046.76
JPMorgan Chase & Co. (JPM) 0.1 $497k 4.7k 106.84
iShares Russell 2000 Index (IWM) 0.1 $536k 3.5k 152.58
Walt Disney Company (DIS) 0.1 $482k 4.5k 107.57
Oracle Corporation (ORCL) 0.1 $465k 9.8k 47.24
SPDR S&P Emerging Markets Small Cap (EWX) 0.1 $473k 9.1k 52.03
Schwab International Equity ETF (SCHF) 0.1 $449k 13k 34.05
Schwab Strategic Tr sht tm us tres (SCHO) 0.1 $449k 9.0k 49.99
First Tr Exch Trd Alpha Fd I emerg mkt alph (FEM) 0.1 $487k 17k 27.92
Pimco Etf Tr 0-5 high yield (HYS) 0.1 $458k 4.6k 100.55
iShares S&P SmallCap 600 Index (IJR) 0.1 $401k 5.2k 76.89
iShares S&P World Ex-US Prop Index (WPS) 0.1 $423k 11k 39.46
First Tr Exchange Traded Fd senior ln (FTSL) 0.1 $416k 8.7k 48.04
Pepsi (PEP) 0.1 $360k 3.0k 120.08
Philip Morris International (PM) 0.1 $388k 3.7k 105.66
Danaher Corporation (DHR) 0.1 $357k 3.9k 92.73
iShares S&P 500 Growth Index (IVW) 0.1 $363k 2.4k 152.84
iShares Silver Trust (SLV) 0.1 $376k 24k 16.01
First Trust Dow Jones Sel.MicroCap (FDM) 0.1 $376k 7.9k 47.41
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $390k 3.2k 122.14
McDonald's Corporation (MCD) 0.1 $316k 1.8k 172.11
Gilead Sciences (GILD) 0.1 $304k 4.2k 71.56
Southwest Airlines (LUV) 0.1 $329k 5.0k 65.37
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $307k 2.5k 121.68
WisdomTree Emerging Mkts Small Cp Div (DGS) 0.1 $314k 6.0k 52.09
SPDR S&P Dividend (SDY) 0.1 $308k 3.3k 94.36
SPDR Dow Jones Global Real Estate (RWO) 0.1 $323k 6.6k 48.92
Spdr Series Trust brcly em locl (EBND) 0.1 $314k 11k 29.65
Coca-Cola Company (KO) 0.1 $284k 6.2k 45.83
Pfizer (PFE) 0.1 $257k 7.1k 36.15
3M Company (MMM) 0.1 $291k 1.2k 235.06
Automatic Data Processing (ADP) 0.1 $258k 2.2k 117.27
International Business Machines (IBM) 0.1 $301k 2.0k 153.26
Merck & Co (MRK) 0.1 $258k 4.6k 56.16
Visa (V) 0.1 $270k 2.4k 113.83
Fiserv (FI) 0.1 $269k 2.0k 131.28
Alaska Air (ALK) 0.1 $294k 4.0k 73.57
iShares Russell 1000 Index (IWB) 0.1 $300k 2.0k 148.59
iShares S&P MidCap 400 Index (IJH) 0.1 $275k 1.5k 189.52
Schwab Strategic Tr us dividend eq (SCHD) 0.1 $288k 5.6k 51.17
Abbvie (ABBV) 0.1 $262k 2.7k 96.86
Berkshire Hathaway (BRK.B) 0.1 $215k 1.1k 198.34
Caterpillar (CAT) 0.1 $256k 1.6k 157.44
Home Depot (HD) 0.1 $246k 1.3k 189.81
Bristol Myers Squibb (BMY) 0.1 $249k 4.1k 61.27
Occidental Petroleum Corporation (OXY) 0.1 $224k 3.0k 73.68
UnitedHealth (UNH) 0.1 $247k 1.1k 220.54
Patterson Companies (PDCO) 0.1 $253k 7.0k 36.15
Xcel Energy (XEL) 0.1 $247k 5.1k 48.08
Vanguard Small-Cap Value ETF (VBR) 0.1 $217k 1.6k 132.88
iShares Dow Jones Select Dividend (DVY) 0.1 $232k 2.4k 98.68
Schwab U S Broad Market ETF (SCHB) 0.1 $212k 3.3k 64.63
WisdomTree DEFA Equity Income Fund (DTH) 0.1 $225k 5.1k 44.38
Schwab Strategic Tr cmn (SCHV) 0.1 $239k 4.4k 54.60
Phillips 66 (PSX) 0.1 $247k 2.4k 100.98
First Tr Exchange-traded Fd no amer energy (EMLP) 0.1 $216k 8.8k 24.60
Hp (HPQ) 0.1 $222k 11k 20.99
iShares MSCI Emerging Markets Indx (EEM) 0.0 $204k 4.3k 47.02
CSX Corporation (CSX) 0.0 $205k 3.7k 55.05
Verizon Communications (VZ) 0.0 $202k 3.8k 52.99
Mondelez Int (MDLZ) 0.0 $205k 4.8k 42.76
Hewlett Packard Enterprise (HPE) 0.0 $159k 11k 14.39
Opko Health (OPK) 0.0 $109k 22k 4.91
Chesapeake Energy Corporation 0.0 $40k 10k 3.92
Cel Sci (CVM) 0.0 $21k 11k 1.86