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

Empirical Financial Services as of March 31, 2016

Portfolio Holdings for Empirical Financial Services

Empirical Financial Services holds 104 positions in its portfolio as reported in the March 2016 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Short Term Corporate Bond ETF (VCSH) 19.6 $81M 1.0M 80.03
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 12.5 $52M 594k 86.93
Vanguard Malvern Fds strm infproidx (VTIP) 8.9 $37M 748k 49.13
Schwab Strategic Tr us lrg cap etf (SCHX) 8.4 $35M 710k 48.84
iShares Lehman 1-3 Year Treas.Bond (SHY) 6.9 $29M 336k 85.03
Spdr Short-term High Yield mf (SJNK) 4.2 $17M 671k 25.82
Vanguard Europe Pacific ETF (VEA) 4.1 $17M 477k 35.88
Ishares Inc core msci emkt (IEMG) 3.7 $15M 365k 41.62
Vanguard REIT ETF (VNQ) 3.6 $15M 178k 83.80
Vanguard Large-Cap ETF (VV) 2.5 $10M 109k 94.01
Spdr Series Trust cmn (HYMB) 1.4 $5.7M 98k 57.68
iShares Barclays TIPS Bond Fund (TIP) 1.1 $4.6M 40k 114.64
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 1.0 $4.2M 38k 110.34
Vanguard Total Stock Market ETF (VTI) 1.0 $4.1M 39k 104.82
Schwab Strategic Tr us aggregate b (SCHZ) 1.0 $4.1M 77k 52.82
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.9 $3.8M 34k 111.66
Apple (AAPL) 0.6 $2.5M 23k 108.99
Microsoft Corporation (MSFT) 0.6 $2.3M 42k 55.22
Ishares Inc msci frntr 100 (FM) 0.5 $2.2M 89k 24.57
iShares S&P 500 Index (IVV) 0.5 $2.0M 9.9k 206.64
Claymore Exchange-traded Fd gugg crp bd 2016 0.5 $2.0M 92k 22.05
Claymore Exchange-traded Fd gugg crp bd 2017 0.5 $2.0M 90k 22.64
Claymore Exchange Trd Fd Tr gug bull2018 e 0.5 $2.0M 96k 21.12
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.5 $2.0M 38k 53.15
Schwab Strategic Tr 0 (SCHP) 0.5 $1.9M 35k 55.53
Schwab Emerging Markets Equity ETF (SCHE) 0.5 $1.9M 92k 20.76
Claymore Exchange Trd Fd Tr gug bull2019 e 0.5 $1.9M 90k 21.23
Camden National Corporation (CAC) 0.5 $1.9M 45k 42.01
Claymore Exchange Trd Fd Tr gug bull2020 e 0.5 $1.8M 86k 21.40
Nuveen Barclays Shrt Term Muni bdfund (SHM) 0.4 $1.8M 38k 48.82
iShrs S&P ShtTrm Ntnl AMTFr MncplBnf ETF (SUB) 0.4 $1.8M 17k 106.15
iShares Lehman Aggregate Bond (AGG) 0.4 $1.6M 15k 110.85
Intel Corporation (INTC) 0.4 $1.5M 47k 32.34
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.4 $1.5M 51k 30.64
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.3 $1.4M 25k 53.52
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.3 $1.4M 66k 21.11
Gugenheim Bulletshares 2022 Corp Bd 0.3 $1.3M 63k 21.06
Market Vectors High Yield Muni. Ind 0.3 $1.3M 40k 31.34
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.3 $1.2M 25k 49.80
Spdr S&p 500 Etf (SPY) 0.3 $1.2M 5.9k 205.53
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.3 $1.2M 11k 105.40
SPDR DJ Wilshire REIT (RWR) 0.3 $1.2M 13k 95.14
Vanguard Short-Term Bond ETF (BSV) 0.3 $1.1M 14k 80.64
Vanguard Total World Stock Idx (VT) 0.3 $1.2M 20k 57.71
Market Vectors-Inter. Muni. Index 0.3 $1.1M 46k 24.22
Schwab International Equity ETF (SCHF) 0.3 $1.1M 41k 27.11
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $1.1M 33k 34.28
Vanguard High Dividend Yield ETF (VYM) 0.3 $1.1M 16k 69.06
iShares Russell Microcap Index (IWC) 0.3 $1.1M 16k 67.94
Chevron Corporation (CVX) 0.2 $1.0M 11k 95.40
General Electric Company 0.2 $892k 28k 31.80
Claymore Etf gug blt2017 hy 0.2 $904k 35k 25.50
Claymore Etf gug blt2016 hy 0.2 $921k 36k 25.82
Claymore Exchange Trd Fd Tr gug blt2018 hy 0.2 $917k 38k 24.13
Starbucks Corporation (SBUX) 0.2 $864k 15k 59.71
Claymore Exchange Trd Fd Tr gug bul 2019 hy 0.2 $822k 36k 23.13
Guggenheim Bulletshares 2020 H mf 0.2 $818k 36k 22.83
Vanguard Value ETF (VTV) 0.2 $784k 9.5k 82.43
First Tr Exch Trd Alpha Fd I emerg mkt alph (FEM) 0.2 $790k 41k 19.25
Claymore Exchange Trd Fd Tr 2021 hg yld cb 0.2 $777k 33k 23.38
Procter & Gamble Company (PG) 0.2 $746k 9.1k 82.31
iShares MSCI EAFE Index Fund (EFA) 0.2 $755k 13k 57.14
Exxon Mobil Corporation (XOM) 0.1 $567k 6.8k 83.62
iShares S&P World Ex-US Prop Index (WPS) 0.1 $583k 16k 36.55
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $561k 4.5k 125.90
SPDR S&P International Dividend (DWX) 0.1 $579k 17k 35.10
Vanguard Dividend Appreciation ETF (VIG) 0.1 $544k 6.7k 81.28
SPDR Dow Jones Global Real Estate (RWO) 0.1 $537k 11k 49.00
Amazon (AMZN) 0.1 $496k 835.00 594.01
Schwab Intl Small Cap Equity ETF (SCHC) 0.1 $484k 17k 28.93
Pimco Etf Tr 0-5 high yield (HYS) 0.1 $506k 5.4k 92.90
Amgen (AMGN) 0.1 $460k 3.1k 149.98
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $469k 3.9k 118.85
U.S. Bancorp (USB) 0.1 $400k 9.8k 40.63
Bank of America Corporation (BAC) 0.1 $404k 30k 13.54
Gilead Sciences (GILD) 0.1 $424k 4.6k 91.95
SPDR S&P Emerging Markets Small Cap (EWX) 0.1 $393k 10k 38.93
WisdomTree SmallCap Dividend Fund (DES) 0.1 $422k 6.1k 68.66
Costco Wholesale Corporation (COST) 0.1 $388k 2.5k 157.72
Walt Disney Company (DIS) 0.1 $363k 3.7k 99.40
Vanguard Total Bond Market ETF (BND) 0.1 $387k 4.7k 82.90
Coca-Cola Company (KO) 0.1 $334k 7.2k 46.44
3M Company (MMM) 0.1 $345k 2.1k 166.59
ConocoPhillips (COP) 0.1 $323k 8.0k 40.28
International Business Machines (IBM) 0.1 $331k 2.2k 151.49
Nike (NKE) 0.1 $327k 5.3k 61.42
iShares Silver Trust (SLV) 0.1 $345k 24k 14.69
PowerShares VRDO Tax Free Weekly Por ETF 0.1 $346k 14k 24.89
WisdomTree Emerging Markets Eq (DEM) 0.1 $319k 9.2k 34.83
WisdomTree Intl. SmallCap Div (DLS) 0.1 $311k 5.3k 58.92
Johnson & Johnson (JNJ) 0.1 $298k 2.8k 108.21
Cisco Systems (CSCO) 0.1 $277k 9.7k 28.46
Southwest Airlines (LUV) 0.1 $289k 6.5k 44.74
PowerShares QQQ Trust, Series 1 0.1 $308k 2.8k 109.18
Twitter 0.1 $285k 17k 16.56
Danaher Corporation (DHR) 0.1 $251k 2.6k 94.86
Spdr Series Trust brcly em locl (EBND) 0.1 $266k 9.9k 26.93
Facebook Inc cl a (META) 0.1 $237k 2.1k 114.16
D First Tr Exchange-traded (FPE) 0.1 $233k 13k 18.65
At&t (T) 0.1 $208k 5.3k 39.19
Berkshire Hathaway (BRK.A) 0.1 $213k 1.00 213000.00
Pepsi (PEP) 0.1 $205k 2.0k 102.24
Opko Health (OPK) 0.1 $208k 20k 10.40
First Tr Exchange-traded Fd no amer energy (EMLP) 0.1 $212k 9.7k 21.85