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

Empirical Financial Services as of June 30, 2016

Portfolio Holdings for Empirical Financial Services

Empirical Financial Services holds 107 positions in its portfolio as reported in the June 2016 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Short Term Corporate Bond ETF (VCSH) 21.4 $82M 1.0M 80.84
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 13.7 $52M 585k 89.41
Vanguard Malvern Fds strm infproidx (VTIP) 10.2 $39M 784k 49.48
iShares Lehman 1-3 Year Treas.Bond (SHY) 7.2 $28M 322k 85.32
Spdr Short-term High Yield mf (SJNK) 5.0 $19M 711k 26.99
Ishares Inc core msci emkt (IEMG) 4.2 $16M 378k 41.84
Schwab Strategic Tr us lrg cap etf (SCHX) 3.9 $15M 302k 49.77
Vanguard REIT ETF (VNQ) 3.1 $12M 135k 88.67
Vanguard Large-Cap ETF (VV) 2.5 $9.4M 99k 95.85
Spdr Series Trust cmn (HYMB) 1.8 $6.9M 115k 59.80
Vanguard Europe Pacific ETF (VEA) 1.6 $6.0M 170k 35.36
iShares Barclays TIPS Bond Fund (TIP) 1.2 $4.5M 39k 116.67
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 1.1 $4.4M 38k 115.15
Schwab Strategic Tr us aggregate b (SCHZ) 1.1 $4.2M 77k 53.71
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.1 $4.0M 35k 113.92
Vanguard Total Stock Market ETF (VTI) 1.0 $3.9M 37k 107.16
Ishares Inc msci frntr 100 (FM) 0.6 $2.2M 91k 24.49
Microsoft Corporation (MSFT) 0.6 $2.2M 43k 51.16
Schwab Emerging Markets Equity ETF (SCHE) 0.6 $2.1M 98k 21.29
Claymore Exchange-traded Fd gugg crp bd 2017 0.5 $2.0M 87k 22.77
Claymore Exchange Trd Fd Tr gug bull2019 e 0.5 $2.0M 92k 21.43
Claymore Exchange Trd Fd Tr gug bull2018 e 0.5 $2.0M 92k 21.36
Nuveen Barclays Shrt Term Muni bdfund (SHM) 0.5 $2.0M 40k 49.08
Apple (AAPL) 0.5 $1.9M 20k 95.60
Schwab Strategic Tr 0 (SCHP) 0.5 $1.9M 34k 56.47
Claymore Exchange Trd Fd Tr gug bull2020 e 0.5 $1.9M 87k 21.71
Claymore Exchange-traded Fd gugg crp bd 2016 0.5 $1.8M 83k 22.04
iShrs S&P ShtTrm Ntnl AMTFr MncplBnf ETF (SUB) 0.5 $1.8M 17k 106.33
iShares S&P 500 Index (IVV) 0.4 $1.6M 7.6k 210.51
Intel Corporation (INTC) 0.4 $1.5M 46k 32.81
Camden National Corporation (CAC) 0.4 $1.5M 37k 42.00
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.4 $1.5M 49k 30.77
iShares Lehman Aggregate Bond (AGG) 0.4 $1.4M 13k 112.61
Gugenheim Bulletshares 2022 Corp Bd 0.4 $1.4M 65k 21.53
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.4 $1.4M 65k 21.53
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.4 $1.4M 29k 48.24
Vaneck Vectors Etf Tr High Yld Mun Etf 0.3 $1.3M 41k 32.32
Starbucks Corporation (SBUX) 0.3 $1.2M 22k 57.10
Vanguard Total World Stock Idx (VT) 0.3 $1.2M 20k 58.05
Spdr S&p 500 Etf (SPY) 0.3 $1.1M 5.4k 209.47
Vaneck Vectors Amt-free Intermediate Municipal Index Etf etf 0.3 $1.1M 46k 24.85
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.3 $1.1M 32k 34.88
Vanguard Short-Term Bond ETF (BSV) 0.3 $1.1M 13k 81.06
Vanguard High Dividend Yield ETF (VYM) 0.3 $1.1M 15k 71.44
SPDR DJ Wilshire REIT (RWR) 0.3 $1.1M 11k 99.47
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.3 $1.0M 9.6k 106.10
Chevron Corporation (CVX) 0.3 $996k 9.5k 104.86
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.2 $969k 18k 54.06
Vanguard Value ETF (VTV) 0.2 $926k 11k 84.96
Claymore Etf gug blt2016 hy 0.2 $903k 35k 25.79
Claymore Exchange Trd Fd Tr gug blt2018 hy 0.2 $901k 36k 24.84
Claymore Etf gug blt2017 hy 0.2 $865k 34k 25.86
Claymore Exchange Trd Fd Tr gug bul 2019 hy 0.2 $889k 38k 23.69
Claymore Exchange Trd Fd Tr 2021 hg yld cb 0.2 $832k 35k 24.04
Procter & Gamble Company (PG) 0.2 $794k 9.4k 84.65
Guggenheim Bulletshares 2020 H mf 0.2 $811k 34k 23.71
General Electric Company 0.2 $730k 23k 31.48
iShares MSCI EAFE Index Fund (EFA) 0.2 $720k 13k 55.85
Pimco Etf Tr 0-5 high yield (HYS) 0.2 $712k 7.3k 96.91
iShares Russell Microcap Index (IWC) 0.2 $691k 9.8k 70.72
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.2 $702k 14k 51.88
Amazon (AMZN) 0.2 $598k 835.00 716.17
SPDR S&P International Dividend (DWX) 0.1 $580k 17k 35.19
First Tr Exch Trd Alpha Fd I emerg mkt alph (FEM) 0.1 $557k 29k 19.20
Exxon Mobil Corporation (XOM) 0.1 $529k 5.6k 93.79
Amgen (AMGN) 0.1 $501k 3.3k 152.19
Vanguard Dividend Appreciation ETF (VIG) 0.1 $492k 5.9k 83.21
iShares S&P World Ex-US Prop Index (WPS) 0.1 $480k 13k 36.78
WisdomTree SmallCap Dividend Fund (DES) 0.1 $495k 6.9k 71.62
Schwab Intl Small Cap Equity ETF (SCHC) 0.1 $477k 17k 28.79
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $471k 3.8k 122.82
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $454k 3.6k 127.24
Schwab International Equity ETF (SCHF) 0.1 $458k 17k 27.12
iShares Silver Trust (SLV) 0.1 $420k 24k 17.88
SPDR Dow Jones Global Real Estate (RWO) 0.1 $426k 8.5k 50.31
U.S. Bancorp (USB) 0.1 $397k 9.8k 40.32
Bank of America Corporation (BAC) 0.1 $372k 28k 13.28
Costco Wholesale Corporation (COST) 0.1 $399k 2.5k 156.90
Gilead Sciences (GILD) 0.1 $371k 4.4k 83.50
Johnson & Johnson (JNJ) 0.1 $345k 2.8k 121.14
Walt Disney Company (DIS) 0.1 $361k 3.7k 97.86
3M Company (MMM) 0.1 $326k 1.9k 174.89
PowerShares VRDO Tax Free Weekly Por ETF 0.1 $346k 14k 24.89
Vanguard Total Bond Market ETF (BND) 0.1 $353k 4.2k 84.19
WisdomTree Emerging Markets Eq (DEM) 0.1 $328k 9.3k 35.37
WisdomTree Intl. SmallCap Div (DLS) 0.1 $352k 6.3k 56.16
Coca-Cola Company (KO) 0.1 $312k 6.9k 45.38
Nike (NKE) 0.1 $304k 5.5k 55.23
iShares S&P SmallCap 600 Index (IJR) 0.1 $312k 2.7k 116.07
At&t (T) 0.1 $250k 5.8k 43.28
Cisco Systems (CSCO) 0.1 $282k 9.8k 28.66
Danaher Corporation (DHR) 0.1 $267k 2.6k 100.91
PowerShares QQQ Trust, Series 1 0.1 $276k 2.6k 107.60
iShares S&P MidCap 400 Index (IJH) 0.1 $263k 1.8k 149.60
Vanguard Small-Cap Value ETF (VBR) 0.1 $249k 2.4k 105.24
SPDR S&P Emerging Markets Small Cap (EWX) 0.1 $258k 6.6k 39.34
Spdr Series Trust brcly em locl (EBND) 0.1 $278k 10k 27.84
Boeing Company (BA) 0.1 $222k 1.7k 130.13
ConocoPhillips (COP) 0.1 $224k 5.1k 43.51
International Business Machines (IBM) 0.1 $241k 1.6k 151.86
Pepsi (PEP) 0.1 $212k 2.0k 105.74
Rydex S&P Equal Weight ETF 0.1 $222k 2.8k 80.29
Facebook Inc cl a (META) 0.1 $237k 2.1k 114.16
Twitter 0.1 $239k 14k 16.89
Opko Health (OPK) 0.1 $187k 20k 9.35
Independence Realty Trust In (IRT) 0.0 $106k 13k 8.15
Rait Financial Trust 0.0 $95k 31k 3.11