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

Empirical Financial Services as of June 30, 2014

Portfolio Holdings for Empirical Financial Services

Empirical Financial Services holds 101 positions in its portfolio as reported in the June 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Short Term Corporate Bond ETF (VCSH) 19.5 $79M 981k 80.37
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 12.0 $48M 560k 86.56
Schwab Strategic Tr us lrg cap etf (SCHX) 7.3 $29M 627k 46.83
Schwab Strategic Tr 0 (SCHP) 6.5 $26M 472k 55.70
Pimco Etf Tr 1-3yr ustreidx 5.1 $21M 406k 50.94
Barclays Bk Plc Ipspgs Ttl Etn etf 5.0 $20M 585k 34.33
Vanguard REIT ETF (VNQ) 4.0 $16M 216k 74.84
Vanguard Europe Pacific ETF (VEA) 3.9 $16M 369k 42.59
Ishares Inc core msci emkt (IEMG) 2.9 $12M 228k 51.70
Vanguard Large-Cap ETF (VV) 2.9 $12M 128k 90.01
iShares Barclays TIPS Bond Fund (TIP) 2.3 $9.1M 79k 115.36
Pimco Etf Tr 0-5 high yield (HYS) 1.8 $7.3M 69k 106.87
iShares Lehman 1-3 Year Treas.Bond (SHY) 1.8 $7.1M 85k 84.56
Spdr Short-term High Yield mf (SJNK) 1.7 $6.9M 225k 30.96
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.6 $6.2M 58k 108.65
Vanguard Total Stock Market ETF (VTI) 1.2 $4.7M 46k 101.78
Schwab Strategic Tr us aggregate b (SCHZ) 0.9 $3.7M 71k 51.90
Spdr Series Trust cmn (HYMB) 0.8 $3.3M 59k 56.30
Claymore Exchange-traded Fd gugg crp bd 2016 0.7 $2.7M 120k 22.38
Guggenheim Bulletshar 0.6 $2.6M 118k 21.90
Claymore Exchange-traded Fd gugg crp bd 2014 0.6 $2.5M 120k 21.12
Schwab Emerging Markets Equity ETF (SCHE) 0.6 $2.5M 96k 26.03
Claymore Exchange-traded Fd gugg crp bd 2017 0.6 $2.4M 107k 22.91
PowerShares VRDO Tax Free Weekly Por ETF 0.6 $2.4M 94k 24.97
Claymore Exchange Trd Fd Tr gug bull2018 e 0.6 $2.3M 108k 21.27
Claymore Exchange Trd Fd Tr gug bull2019 e 0.5 $2.1M 101k 21.18
Claymore Exchange Trd Fd Tr gug bull2020 e 0.5 $2.1M 101k 21.26
iShares MSCI EAFE Index Fund (EFA) 0.5 $2.1M 31k 68.38
iShares Lehman Aggregate Bond (AGG) 0.5 $2.0M 19k 109.41
Ishares Inc msci frntr 100 (FM) 0.5 $2.0M 55k 36.06
Schwab International Equity ETF (SCHF) 0.5 $1.9M 56k 32.99
Spdr Series Trust brcly em locl (EBND) 0.4 $1.7M 55k 31.22
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.4 $1.6M 16k 105.66
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.4 $1.7M 29k 58.04
Vanguard Short-Term Bond ETF (BSV) 0.4 $1.6M 20k 80.36
SPDR DJ Wilshire REIT (RWR) 0.4 $1.6M 19k 83.01
Market Vectors High Yield Muni. Ind 0.4 $1.5M 49k 30.17
Vanguard Total World Stock Idx (VT) 0.4 $1.5M 24k 62.25
Apple (AAPL) 0.3 $1.4M 15k 92.92
Market Vectors-Inter. Muni. Index 0.3 $1.4M 61k 23.25
Microsoft Corporation (MSFT) 0.3 $1.3M 32k 41.71
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.3 $1.3M 55k 24.33
Vanguard Malvern Fds strm infproidx (VTIP) 0.3 $1.3M 26k 50.12
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $1.2M 36k 34.46
Wisdomtree Tr em lcl debt (ELD) 0.3 $1.2M 24k 47.55
iShares MSCI Emerging Markets Indx (EEM) 0.2 $995k 23k 43.24
Spdr S&p 500 Etf (SPY) 0.2 $990k 5.1k 195.65
iShares S&P World Ex-US Prop Index (WPS) 0.2 $961k 25k 39.06
Vanguard Value ETF (VTV) 0.2 $945k 12k 80.96
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.2 $945k 45k 21.02
Vanguard High Dividend Yield ETF (VYM) 0.2 $723k 11k 66.28
SPDR Dow Jones Global Real Estate (RWO) 0.2 $720k 15k 46.64
Guggenheim Bulletshs Etf equity 0.2 $741k 28k 26.91
Guggenheim Bulletshs Etf equity 0.2 $710k 27k 26.46
Claymore Etf gug blt2017 hy 0.2 $712k 26k 27.58
Claymore Etf gug blt2016 hy 0.2 $742k 27k 27.42
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.2 $666k 5.5k 121.80
3M Company (MMM) 0.2 $631k 4.4k 143.18
iShares Russell Microcap Index (IWC) 0.2 $634k 8.3k 76.17
Claymore Exchange Trd Fd Tr gug blt2018 hy 0.2 $665k 24k 27.46
General Electric Company 0.1 $596k 23k 26.29
Vanguard Emerging Markets ETF (VWO) 0.1 $586k 14k 43.11
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.1 $610k 20k 30.83
Claymore Exchange Trd Fd Tr gug bul 2019 hy 0.1 $614k 23k 26.55
Procter & Gamble Company (PG) 0.1 $553k 7.0k 78.65
iShares S&P 500 Index (IVV) 0.1 $581k 2.9k 197.15
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.1 $572k 11k 52.93
Chevron Corporation (CVX) 0.1 $468k 3.6k 130.47
Vanguard Total Bond Market ETF (BND) 0.1 $467k 5.7k 82.22
WisdomTree SmallCap Dividend Fund (DES) 0.1 $464k 6.6k 70.05
Bank of America Corporation (BAC) 0.1 $437k 28k 15.36
PIMCO Broad US TIPS Index Fund (TIPZ) 0.1 $451k 7.8k 58.08
Amgen (AMGN) 0.1 $387k 3.3k 118.49
SPDR S&P International Dividend (DWX) 0.1 $414k 8.1k 51.28
ConocoPhillips (COP) 0.1 $370k 4.3k 85.75
Starbucks Corporation (SBUX) 0.1 $383k 4.9k 77.39
SPDR S&P Emerging Markets Small Cap (EWX) 0.1 $352k 7.0k 50.33
Petroleum & Resources Corporation 0.1 $361k 12k 31.14
WisdomTree Emerging Markets Eq (DEM) 0.1 $308k 5.9k 51.86
iShares 2014 S&P AMT-Free Mun Ser ETF 0.1 $305k 6.0k 51.18
WisdomTree Intl. SmallCap Div (DLS) 0.1 $335k 5.2k 64.82
Coca-Cola Company (KO) 0.1 $279k 6.6k 42.43
Walt Disney Company (DIS) 0.1 $263k 3.1k 85.61
iShares S&P SmallCap 600 Index (IJR) 0.1 $283k 2.5k 112.21
iShares 2015 S&P AMT-Free Mun Ser ETF 0.1 $289k 5.4k 53.06
Twitter 0.1 $271k 6.6k 40.97
Johnson & Johnson (JNJ) 0.1 $247k 2.4k 104.53
Boeing Company (BA) 0.1 $243k 1.9k 127.16
Gilead Sciences (GILD) 0.1 $228k 2.7k 82.97
iShares Russell 2000 Index (IWM) 0.1 $236k 2.0k 118.83
PowerShares QQQ Trust, Series 1 0.1 $239k 2.6k 93.73
SPDR S&P Dividend (SDY) 0.1 $236k 3.1k 76.55
iShares S&P Cal AMTFr Mncpl Bnd (CMF) 0.1 $231k 2.0k 115.85
Ishares Tr 2017 s^p amtfr 0.1 $239k 4.3k 55.32
International Business Machines (IBM) 0.1 $220k 1.2k 181.22
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $210k 1.8k 119.32
Rydex S&P Equal Weight ETF 0.1 $205k 2.7k 76.75
Vanguard Growth ETF (VUG) 0.1 $210k 2.1k 99.10
Zagg 0.1 $217k 40k 5.42
Pimco Total Return Etf totl (BOND) 0.1 $218k 2.0k 109.00
Opko Health (OPK) 0.0 $177k 20k 8.85