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

Empirical Financial Services as of Dec. 31, 2016

Portfolio Holdings for Empirical Financial Services

Empirical Financial Services holds 123 positions in its portfolio as reported in the December 2016 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 $83M 1.0M 79.37
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 12.7 $52M 602k 85.70
Vanguard Malvern Fds strm infproidx (VTIP) 10.6 $43M 880k 49.16
iShares Lehman 1-3 Year Treas.Bond (SHY) 8.0 $33M 387k 84.45
Spdr Short-term High Yield mf (SJNK) 5.3 $22M 782k 27.68
Ishares Inc core msci emkt (IEMG) 4.3 $18M 411k 42.45
Vanguard REIT ETF (VNQ) 2.6 $10M 126k 82.53
Schwab Strategic Tr us lrg cap etf (SCHX) 2.5 $10M 195k 53.26
Vanguard Large-Cap ETF (VV) 2.4 $9.7M 95k 102.37
Nuveen Barclays Shrt Term Muni bdfund (SHM) 2.0 $8.2M 171k 47.94
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.4 $5.6M 51k 108.18
Spdr Series Trust cmn (HYMB) 1.2 $5.1M 91k 55.97
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 1.1 $4.4M 40k 110.23
Vanguard Total Stock Market ETF (VTI) 1.1 $4.3M 37k 115.32
iShares Barclays TIPS Bond Fund (TIP) 1.0 $4.3M 38k 113.17
Schwab Strategic Tr us aggregate b (SCHZ) 1.0 $4.2M 82k 51.50
Vanguard Europe Pacific ETF (VEA) 0.8 $3.3M 89k 36.54
Vaneck Vectors Etf Tr High Yld Mun Etf 0.8 $3.1M 106k 29.68
Microsoft Corporation (MSFT) 0.8 $3.1M 50k 62.14
Apple (AAPL) 0.6 $2.5M 21k 115.80
Camden National Corporation (CAC) 0.6 $2.4M 54k 44.46
Schwab Emerging Markets Equity ETF (SCHE) 0.6 $2.3M 107k 21.56
Claymore Exchange-traded Fd gugg crp bd 2017 0.5 $2.2M 97k 22.61
Claymore Exchange Trd Fd Tr gug bull2018 e 0.5 $2.2M 105k 21.18
Ishares Inc msci frntr 100 (FM) 0.5 $2.2M 88k 24.85
Claymore Exchange Trd Fd Tr gug bull2019 e 0.5 $2.1M 102k 21.14
Claymore Exchange Trd Fd Tr gug bull2020 e 0.5 $2.1M 99k 21.20
Intel Corporation (INTC) 0.5 $2.0M 55k 36.27
Vanguard High Dividend Yield ETF (VYM) 0.5 $1.9M 25k 75.77
Schwab Strategic Tr 0 (SCHP) 0.5 $1.9M 35k 54.84
Gugenheim Bulletshares 2022 Corp Bd 0.4 $1.6M 76k 20.92
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.4 $1.6M 76k 20.99
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.4 $1.5M 31k 49.57
SPDR DJ Wilshire REIT (RWR) 0.4 $1.5M 16k 93.34
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.3 $1.4M 28k 49.84
Starbucks Corporation (SBUX) 0.3 $1.3M 23k 55.51
Chevron Corporation (CVX) 0.3 $1.3M 11k 117.71
iShares Lehman Aggregate Bond (AGG) 0.3 $1.3M 12k 108.06
Vanguard Total World Stock Idx (VT) 0.3 $1.2M 20k 61.01
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.3 $1.1M 37k 30.53
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $1.1M 34k 33.90
Claymore Exchange Trd Fd Tr gug blt2018 hy 0.3 $1.1M 45k 25.19
Claymore Exchange Trd Fd Tr gug bul 2019 hy 0.3 $1.1M 47k 24.15
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.3 $1.1M 10k 104.99
SPDR S&P International Dividend (DWX) 0.3 $1.1M 30k 36.05
Spdr S&p 500 Etf (SPY) 0.3 $1.0M 4.7k 223.61
iShares S&P 500 Index (IVV) 0.3 $1.1M 4.8k 224.95
WisdomTree SmallCap Dividend Fund (DES) 0.3 $1.1M 13k 82.74
Claymore Etf gug blt2017 hy 0.3 $1.1M 42k 25.82
Guggenheim Bulletshares 2020 H mf 0.3 $1.0M 43k 24.27
Claymore Exchange Trd Fd Tr 2021 hg yld cb 0.3 $1.0M 42k 24.70
Vaneck Vectors Amt-free Intermediate Municipal Index Etf etf 0.3 $1.1M 45k 23.20
General Electric Company 0.2 $1.0M 33k 31.60
Vanguard Value ETF (VTV) 0.2 $978k 11k 93.05
Vanguard Short-Term Bond ETF (BSV) 0.2 $940k 12k 79.46
Procter & Gamble Company (PG) 0.2 $835k 9.9k 84.07
Boeing Company (BA) 0.2 $783k 5.0k 155.73
Amazon (AMZN) 0.2 $714k 952.00 750.00
Bank of America Corporation (BAC) 0.2 $705k 32k 22.11
iShares Russell Microcap Index (IWC) 0.2 $699k 8.1k 85.82
WisdomTree Intl. SmallCap Div (DLS) 0.2 $680k 11k 60.04
Schwab Intl Small Cap Equity ETF (SCHC) 0.2 $676k 23k 29.11
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.2 $691k 13k 53.66
U.S. Bancorp (USB) 0.2 $654k 13k 51.39
iShares S&P 500 Value Index (IVE) 0.2 $655k 6.5k 101.31
Vanguard Dividend Appreciation ETF (VIG) 0.2 $653k 7.7k 85.16
Pimco Etf Tr 0-5 high yield (HYS) 0.2 $644k 6.5k 99.80
Costco Wholesale Corporation (COST) 0.1 $599k 3.7k 160.03
iShares MSCI EAFE Index Fund (EFA) 0.1 $625k 11k 57.74
iShares S&P 500 Growth Index (IVW) 0.1 $610k 5.0k 121.88
PowerShares QQQ Trust, Series 1 0.1 $573k 4.8k 118.39
First Tr Exch Trd Alpha Fd I emerg mkt alph (FEM) 0.1 $590k 29k 20.31
D First Tr Exchange-traded (FPE) 0.1 $571k 30k 18.99
Exxon Mobil Corporation (XOM) 0.1 $544k 6.0k 90.19
Walt Disney Company (DIS) 0.1 $544k 5.2k 104.23
WisdomTree Emerging Markets Eq (DEM) 0.1 $516k 14k 37.34
Johnson & Johnson (JNJ) 0.1 $476k 4.1k 115.20
At&t (T) 0.1 $487k 11k 42.54
3M Company (MMM) 0.1 $457k 2.6k 178.66
Amgen (AMGN) 0.1 $467k 3.2k 146.30
iShares S&P SmallCap 600 Index (IJR) 0.1 $444k 3.2k 137.46
Schwab International Equity ETF (SCHF) 0.1 $428k 16k 27.67
First Tr Exchange Traded Fd senior ln (FTSL) 0.1 $451k 9.3k 48.55
Vanguard Small-Cap Value ETF (VBR) 0.1 $388k 3.2k 120.91
iShares S&P 1500 Index Fund (ITOT) 0.1 $416k 8.1k 51.26
iShares S&P World Ex-US Prop Index (WPS) 0.1 $398k 12k 33.60
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $402k 3.3k 122.41
SPDR S&P Emerging Markets Small Cap (EWX) 0.1 $427k 11k 39.73
International Business Machines (IBM) 0.1 $366k 2.2k 166.21
Molina Healthcare (MOH) 0.1 $358k 6.6k 54.20
iShares Silver Trust (SLV) 0.1 $355k 24k 15.12
PowerShares VRDO Tax Free Weekly Por ETF 0.1 $347k 14k 24.96
iShares Barclays Credit Bond Fund (USIG) 0.1 $357k 3.3k 109.34
Gilead Sciences (GILD) 0.1 $311k 4.3k 71.53
iShares S&P MidCap 400 Index (IJH) 0.1 $330k 2.0k 165.25
Vanguard Total Bond Market ETF (BND) 0.1 $339k 4.2k 80.79
SPDR Dow Jones Global Real Estate (RWO) 0.1 $339k 7.2k 46.90
Facebook Inc cl a (META) 0.1 $338k 2.9k 115.16
Coca-Cola Company (KO) 0.1 $283k 6.8k 41.40
Verizon Communications (VZ) 0.1 $302k 5.7k 53.38
ConocoPhillips (COP) 0.1 $278k 5.5k 50.23
Nike (NKE) 0.1 $301k 5.9k 50.77
Pepsi (PEP) 0.1 $293k 2.8k 104.57
Danaher Corporation (DHR) 0.1 $272k 3.5k 77.94
iShares Russell 2000 Index (IWM) 0.1 $271k 2.0k 134.62
Rydex S&P Equal Weight ETF 0.1 $270k 3.1k 86.54
SPDR S&P Dividend (SDY) 0.1 $289k 3.4k 85.48
iShares S&P Cal AMTFr Mncpl Bnd (CMF) 0.1 $301k 2.6k 115.50
JPMorgan Chase & Co. (JPM) 0.1 $236k 2.7k 86.23
Pfizer (PFE) 0.1 $261k 8.0k 32.45
Automatic Data Processing (ADP) 0.1 $243k 2.4k 102.97
Berkshire Hathaway (BRK.A) 0.1 $244k 1.00 244000.00
Alaska Air (ALK) 0.1 $231k 2.6k 88.78
Southwest Airlines (LUV) 0.1 $251k 5.0k 49.87
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $247k 2.1k 117.28
Vanguard Small-Cap ETF (VB) 0.1 $234k 1.8k 129.07
Spdr Series Trust brcly em locl (EBND) 0.1 $261k 9.8k 26.56
iShares Russell 1000 Growth Index (IWF) 0.1 $205k 2.0k 104.97
Opko Health (OPK) 0.1 $206k 22k 9.28
Ishares Tr cmn (STIP) 0.1 $206k 2.0k 100.64
Claymore Exchange Trd Fd Tr 2022 hg yld cb 0.1 $202k 8.1k 24.96
Alphabet Inc Class A cs (GOOGL) 0.1 $207k 261.00 793.10
Gabelli Equity Trust (GAB) 0.0 $83k 15k 5.55