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

Empirical Financial Services as of Dec. 31, 2013

Portfolio Holdings for Empirical Financial Services

Empirical Financial Services holds 93 positions in its portfolio as reported in the December 2013 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 $73M 915k 79.78
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 12.1 $43M 518k 82.70
Pimco Etf Tr 1-3yr ustreidx 7.3 $26M 511k 50.87
Schwab Strategic Tr us lrg cap etf (SCHX) 7.3 $26M 588k 44.08
Schwab Strategic Tr 0 (SCHP) 6.3 $22M 420k 52.77
Barclays Bk Plc Ipspgs Ttl Etn etf 4.9 $17M 532k 32.57
Vanguard Europe Pacific ETF (VEA) 3.6 $13M 306k 41.68
Vanguard REIT ETF (VNQ) 3.5 $12M 192k 64.56
Vanguard Large-Cap ETF (VV) 3.5 $12M 144k 84.80
Ishares Inc core msci emkt (IEMG) 2.6 $9.2M 184k 49.81
iShares Barclays TIPS Bond Fund (TIP) 2.4 $8.5M 78k 109.90
Pimco Etf Tr 0-5 high yield (HYS) 2.0 $7.2M 67k 106.36
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.6 $5.7M 55k 103.75
Spdr Short-term High Yield mf (SJNK) 1.5 $5.3M 172k 30.85
Vanguard Total Stock Market ETF (VTI) 1.3 $4.5M 46k 95.93
Vanguard Short-Term Bond ETF (BSV) 0.8 $2.9M 36k 79.94
PowerShares VRDO Tax Free Weekly Por ETF 0.8 $2.8M 113k 24.98
Schwab Strategic Tr us aggregate b (SCHZ) 0.7 $2.6M 52k 50.30
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.6 $1.9M 18k 105.44
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.6 $1.9M 36k 54.47
Guggenheim Bulletshar 0.5 $1.9M 85k 21.88
Spdr Series Trust cmn (HYMB) 0.5 $1.9M 37k 51.06
Claymore Exchange-traded Fd gugg crp bd 2014 0.5 $1.8M 86k 21.25
Vanguard Total World Stock Idx (VT) 0.5 $1.8M 30k 59.41
Schwab International Equity ETF (SCHF) 0.5 $1.8M 56k 31.52
Claymore Exchange-traded Fd gugg crp bd 2016 0.5 $1.8M 80k 22.29
iShares MSCI EAFE Index Fund (EFA) 0.5 $1.6M 25k 67.11
Market Vectors High Yield Muni. Ind 0.5 $1.6M 57k 28.26
Claymore Exchange-traded Fd gugg crp bd 2017 0.4 $1.6M 69k 22.66
Claymore Exchange Trd Fd Tr gug bull2019 e 0.4 $1.5M 73k 20.57
Claymore Exchange Trd Fd Tr gug bull2018 e 0.4 $1.5M 72k 20.93
iShares Lehman Aggregate Bond (AGG) 0.4 $1.4M 14k 106.45
Claymore Exchange Trd Fd Tr gug bull2020 e 0.4 $1.4M 70k 20.54
Schwab Emerging Markets Equity ETF (SCHE) 0.4 $1.4M 57k 24.59
SPDR DJ Wilshire REIT (RWR) 0.4 $1.3M 19k 71.25
Market Vectors-Inter. Muni. Index 0.4 $1.3M 61k 22.01
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.4 $1.3M 39k 33.60
Spdr Series Trust brcly em locl (EBND) 0.3 $1.2M 41k 29.76
Vanguard Malvern Fds strm infproidx (VTIP) 0.3 $1.2M 25k 49.34
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.3 $1.2M 48k 24.29
Wisdomtree Tr em lcl debt (ELD) 0.3 $1.2M 26k 46.03
Ishares Inc msci frntr 100 (FM) 0.3 $1.2M 34k 33.74
Microsoft Corporation (MSFT) 0.3 $970k 26k 37.42
iShares S&P World Ex-US Prop Index (WPS) 0.2 $872k 23k 37.38
Vanguard Value ETF (VTV) 0.2 $848k 11k 76.41
LSI Corporation 0.2 $814k 74k 11.03
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.2 $804k 40k 20.01
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.2 $706k 8.4k 84.32
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.2 $712k 5.9k 120.11
iShares MSCI Emerging Markets Indx (EEM) 0.2 $685k 16k 41.79
Spdr S&p 500 Etf (SPY) 0.2 $684k 3.7k 184.81
General Electric Company 0.2 $653k 23k 28.04
3M Company (MMM) 0.2 $623k 4.4k 140.19
Vanguard High Dividend Yield ETF (VYM) 0.2 $608k 9.8k 62.34
iShares Russell Microcap Index (IWC) 0.2 $617k 8.2k 75.14
SPDR Dow Jones Global Real Estate (RWO) 0.2 $613k 15k 41.53
Guggenheim Bulletshs Etf equity 0.2 $606k 23k 26.80
Guggenheim Bulletshs Etf equity 0.2 $602k 23k 26.68
Procter & Gamble Company (PG) 0.2 $556k 6.8k 81.38
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.2 $549k 11k 51.00
Claymore Etf gug blt2016 hy 0.2 $573k 21k 27.03
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.1 $545k 18k 30.68
Claymore Etf gug blt2017 hy 0.1 $533k 20k 27.13
Claymore Exchange Trd Fd Tr gug blt2018 hy 0.1 $539k 20k 26.96
SPDR S&P Emerging Markets Small Cap (EWX) 0.1 $485k 10k 46.42
Spdr Series Trust nuvn s^p vrdo mn 0.1 $488k 16k 29.91
Chevron Corporation (CVX) 0.1 $474k 3.8k 124.84
Starbucks Corporation (SBUX) 0.1 $416k 5.3k 78.31
WisdomTree SmallCap Dividend Fund (DES) 0.1 $424k 6.3k 67.82
PIMCO Broad US TIPS Index Fund (TIPZ) 0.1 $427k 7.8k 55.05
Vanguard Total Bond Market ETF (BND) 0.1 $373k 4.7k 80.15
Amgen (AMGN) 0.1 $368k 3.2k 114.00
PowerShares QQQ Trust, Series 1 0.1 $361k 4.1k 87.96
Bank of America Corporation (BAC) 0.1 $328k 21k 15.57
iShares Russell 2000 Index (IWM) 0.1 $330k 2.9k 115.42
Petroleum & Resources Corporation 0.1 $315k 12k 27.36
Coca-Cola Company (KO) 0.1 $272k 6.6k 41.38
Boeing Company (BA) 0.1 $289k 2.1k 136.39
Vanguard Emerging Markets ETF (VWO) 0.1 $298k 7.2k 41.13
Zagg 0.1 $283k 65k 4.35
WisdomTree Intl. SmallCap Div (DLS) 0.1 $286k 4.5k 62.98
SPDR S&P International Dividend (DWX) 0.1 $299k 6.3k 47.44
Walt Disney Company (DIS) 0.1 $235k 3.1k 76.55
iShares 2014 S&P AMT-Free Mun Ser ETF 0.1 $242k 4.7k 51.27
Ishares Tr 2017 s^p amtfr 0.1 $248k 4.5k 54.96
Ishares Inc .................... emkts valu idx 0.1 $256k 5.5k 46.83
Johnson & Johnson (JNJ) 0.1 $204k 2.2k 91.56
Gilead Sciences (GILD) 0.1 $206k 2.7k 74.96
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $201k 1.8k 114.20
iShares S&P Cal AMTFr Mncpl Bnd (CMF) 0.1 $216k 2.0k 109.04
WisdomTree Japan Total Dividend (DXJ) 0.1 $200k 3.9k 50.81
iShares 2015 S&P AMT-Free Mun Ser ETF 0.1 $201k 3.8k 53.26
Opko Health (OPK) 0.1 $169k 20k 8.45