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

Empirical Financial Services as of Dec. 31, 2014

Portfolio Holdings for Empirical Financial Services

Empirical Financial Services holds 100 positions in its portfolio as reported in the December 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Short Term Corporate Bond ETF (VCSH) 19.7 $81M 1.0M 79.63
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 12.2 $50M 580k 86.10
Schwab Strategic Tr us lrg cap etf (SCHX) 7.8 $32M 654k 49.05
iShares Lehman 1-3 Year Treas.Bond (SHY) 6.2 $26M 303k 84.45
Vanguard Malvern Fds strm infproidx (VTIP) 5.1 $21M 431k 48.24
Vanguard REIT ETF (VNQ) 4.5 $19M 228k 81.00
Vanguard Europe Pacific ETF (VEA) 3.5 $15M 383k 37.88
Barclays Bk Plc Ipspgs Ttl Etn etf 2.9 $12M 565k 21.10
Vanguard Large-Cap ETF (VV) 2.8 $11M 119k 94.39
Ishares Inc core msci emkt (IEMG) 2.7 $11M 234k 47.03
Schwab Strategic Tr 0 (SCHP) 2.3 $9.2M 170k 54.24
Spdr Short-term High Yield mf (SJNK) 2.0 $8.4M 291k 28.91
iShares Barclays TIPS Bond Fund (TIP) 1.9 $7.7M 69k 112.02
Pimco Etf Tr 0-5 high yield (HYS) 1.8 $7.2M 71k 100.83
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.3 $5.5M 50k 110.35
Pimco Etf Tr 1-3yr ustreidx 1.2 $5.0M 98k 50.98
Vanguard Total Stock Market ETF (VTI) 1.1 $4.5M 43k 105.99
Spdr Series Trust cmn (HYMB) 1.0 $4.2M 73k 57.67
Schwab Strategic Tr us aggregate b (SCHZ) 1.0 $3.9M 75k 52.36
Schwab Emerging Markets Equity ETF (SCHE) 0.9 $3.5M 148k 23.90
Claymore Exchange-traded Fd gugg crp bd 2016 0.7 $2.8M 126k 22.10
Guggenheim Bulletshar 0.7 $2.7M 123k 21.67
Claymore Exchange-traded Fd gugg crp bd 2017 0.6 $2.6M 116k 22.71
Spdr Series Trust brcly em locl (EBND) 0.6 $2.6M 91k 28.41
Claymore Exchange Trd Fd Tr gug bull2018 e 0.6 $2.5M 118k 21.12
Ishares Inc msci frntr 100 (FM) 0.6 $2.4M 78k 30.80
Claymore Exchange Trd Fd Tr gug bull2019 e 0.6 $2.3M 111k 20.91
Claymore Exchange Trd Fd Tr gug bull2020 e 0.6 $2.3M 109k 21.09
iShares MSCI EAFE Index Fund (EFA) 0.5 $2.1M 35k 60.85
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.5 $2.1M 39k 53.52
Apple (AAPL) 0.5 $1.8M 17k 110.35
iShares Lehman Aggregate Bond (AGG) 0.4 $1.8M 17k 110.13
Schwab International Equity ETF (SCHF) 0.4 $1.8M 63k 28.91
Microsoft Corporation (MSFT) 0.4 $1.7M 37k 46.46
SPDR DJ Wilshire REIT (RWR) 0.4 $1.7M 18k 90.92
SPDR Nvn Barclys Cptl Shrt Trm Mncpl Bnd 0.4 $1.6M 65k 24.29
Market Vectors High Yield Muni. Ind 0.4 $1.5M 48k 30.85
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.4 $1.5M 27k 55.31
Vanguard Short-Term Bond ETF (BSV) 0.3 $1.4M 18k 79.94
Market Vectors-Inter. Muni. Index 0.3 $1.4M 61k 23.67
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.3 $1.4M 13k 105.17
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.3 $1.4M 29k 46.73
Vanguard Total World Stock Idx (VT) 0.3 $1.4M 23k 60.14
iShares Russell Microcap Index (IWC) 0.3 $1.2M 16k 76.96
Spdr S&p 500 Etf (SPY) 0.3 $1.1M 5.5k 205.63
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $1.1M 33k 34.19
iShares S&P World Ex-US Prop Index (WPS) 0.2 $961k 27k 36.22
iShares MSCI Emerging Markets Indx (EEM) 0.2 $890k 23k 39.30
Procter & Gamble Company (PG) 0.2 $897k 9.8k 91.11
Wisdomtree Tr em lcl debt (ELD) 0.2 $911k 22k 41.61
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.2 $873k 42k 20.87
iShares S&P 500 Index (IVV) 0.2 $829k 4.0k 206.94
Guggenheim Bulletshs Etf equity 0.2 $773k 30k 25.87
Claymore Etf gug blt2016 hy 0.2 $763k 30k 25.90
Twitter 0.2 $775k 22k 35.89
General Electric Company 0.2 $741k 29k 25.26
3M Company (MMM) 0.2 $742k 4.5k 164.27
Vanguard Value ETF (VTV) 0.2 $725k 8.6k 84.52
Vanguard High Dividend Yield ETF (VYM) 0.2 $741k 11k 68.71
SPDR Dow Jones Global Real Estate (RWO) 0.2 $748k 16k 47.73
Claymore Etf gug blt2017 hy 0.2 $737k 28k 25.96
SPDR S&P Emerging Markets Small Cap (EWX) 0.2 $694k 16k 44.36
Claymore Exchange Trd Fd Tr gug blt2018 hy 0.2 $692k 27k 25.72
Claymore Exchange Trd Fd Tr gug bul 2019 hy 0.2 $644k 26k 24.90
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $611k 5.0k 122.37
Bank of America Corporation (BAC) 0.1 $529k 30k 17.90
Chevron Corporation (CVX) 0.1 $551k 4.9k 112.27
Amgen (AMGN) 0.1 $520k 3.3k 159.17
Starbucks Corporation (SBUX) 0.1 $519k 6.3k 82.03
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.1 $459k 15k 30.57
WisdomTree SmallCap Dividend Fund (DES) 0.1 $438k 6.2k 70.85
Exxon Mobil Corporation (XOM) 0.1 $393k 4.3k 92.47
WisdomTree Emerging Markets Eq (DEM) 0.1 $395k 9.4k 42.15
Vanguard Emerging Markets ETF (VWO) 0.1 $367k 9.2k 40.00
SPDR S&P International Dividend (DWX) 0.1 $349k 8.3k 41.99
PIMCO Broad US TIPS Index Fund (TIPZ) 0.1 $377k 6.6k 57.00
Walt Disney Company (DIS) 0.1 $308k 3.3k 94.13
ConocoPhillips (COP) 0.1 $340k 4.9k 69.08
PowerShares VRDO Tax Free Weekly Por ETF 0.1 $347k 14k 24.96
Vanguard Total Bond Market ETF (BND) 0.1 $335k 4.1k 82.27
Coca-Cola Company (KO) 0.1 $278k 6.6k 42.23
Costco Wholesale Corporation (COST) 0.1 $300k 2.1k 141.84
Boeing Company (BA) 0.1 $303k 2.3k 129.82
Southwest Airlines (LUV) 0.1 $273k 6.5k 42.26
iShares S&P SmallCap 600 Index (IJR) 0.1 $292k 2.6k 114.20
WisdomTree Intl. SmallCap Div (DLS) 0.1 $297k 5.3k 55.61
Petroleum & Resources Corporation 0.1 $276k 12k 23.81
Johnson & Johnson (JNJ) 0.1 $258k 2.5k 104.67
Berkshire Hathaway (BRK.A) 0.1 $226k 1.00 226000.00
International Business Machines (IBM) 0.1 $254k 1.6k 160.56
Gilead Sciences (GILD) 0.1 $259k 2.7k 94.25
PowerShares QQQ Trust, Series 1 0.1 $244k 2.4k 103.39
iShares MSCI EAFE Value Index (EFV) 0.1 $250k 4.9k 51.02
SPDR S&P Dividend (SDY) 0.1 $245k 3.1k 78.90
iShares S&P Cal AMTFr Mncpl Bnd (CMF) 0.1 $236k 2.0k 117.65
American Express Company (AXP) 0.1 $225k 2.4k 92.94
Cott Corp 0.1 $220k 32k 6.88
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $210k 1.8k 119.32
Rydex S&P Equal Weight ETF 0.1 $214k 2.7k 80.12
Opko Health (OPK) 0.1 $200k 20k 10.00