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

Empirical Financial Services as of June 30, 2017

Portfolio Holdings for Empirical Financial Services

Empirical Financial Services holds 130 positions in its portfolio as reported in the June 2017 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard Short Term Corporate Bond ETF (VCSH) 21.2 $87M 1.1M 80.04
Vanguard Intermediate Tm Cpte Bd ETF (VCIT) 13.4 $55M 629k 87.53
Vanguard Malvern Fds strm infproidx (VTIP) 9.0 $37M 749k 49.23
iShares Lehman 1-3 Year Treas.Bond (SHY) 7.3 $30M 357k 84.49
Ishares Inc core msci emkt (IEMG) 5.1 $21M 419k 50.04
Spdr Short-term High Yield mf (SJNK) 4.4 $18M 645k 27.97
Vanguard REIT ETF (VNQ) 2.6 $11M 129k 83.23
Vanguard Large-Cap ETF (VV) 2.4 $9.7M 87k 111.02
Schwab Strategic Tr us lrg cap etf (SCHX) 2.1 $8.8M 153k 57.77
Nuveen Barclays Shrt Term Muni bdfund (SHM) 2.0 $8.2M 168k 48.50
Spdr Series Trust cmn (HYMB) 1.4 $6.0M 105k 56.85
iShares S&P Natl AMTFr Mncpl Bd (MUB) 1.2 $5.0M 45k 110.12
Vanguard Total Stock Market ETF (VTI) 1.2 $4.8M 38k 124.46
Schwab Strategic Tr us aggregate b (SCHZ) 1.1 $4.6M 89k 52.25
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 1.1 $4.6M 40k 114.36
Microsoft Corporation (MSFT) 0.8 $3.3M 48k 68.93
iShares Barclays TIPS Bond Fund (TIP) 0.8 $3.3M 29k 113.42
Apple (AAPL) 0.8 $3.1M 22k 144.03
Vanguard Europe Pacific ETF (VEA) 0.8 $3.1M 76k 41.32
Vaneck Vectors Etf Tr High Yld Mun Etf 0.6 $2.6M 84k 30.91
Vanguard High Dividend Yield ETF (VYM) 0.6 $2.6M 33k 78.15
Ishares Inc msci frntr 100 (FM) 0.6 $2.6M 90k 28.58
D First Tr Exchange-traded (FPE) 0.5 $2.2M 108k 20.01
Schwab Emerging Markets Equity ETF (SCHE) 0.5 $2.1M 84k 24.84
Camden National Corporation (CAC) 0.5 $2.0M 47k 42.92
Claymore Exchange Trd Fd Tr gug bull2018 e 0.5 $2.0M 92k 21.25
Claymore Exchange-traded Fd gugg crp bd 2017 0.5 $1.9M 84k 22.61
Claymore Exchange Trd Fd Tr gug bull2019 e 0.5 $1.9M 90k 21.25
Claymore Exchange Trd Fd Tr gug bull2020 e 0.5 $1.8M 86k 21.48
Schwab Strategic Tr 0 (SCHP) 0.4 $1.8M 32k 55.05
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.4 $1.7M 30k 56.25
Claymore Exchange Trd Fd Tr gugg bulsh 2021 0.4 $1.7M 79k 21.30
Vanguard Value ETF (VTV) 0.4 $1.6M 17k 96.54
Ishares U S Etf Tr Commodities Select Strategy Etf (COMT) 0.4 $1.7M 51k 32.58
ISHARES TR MSCI Small Cap msci small cap (SCZ) 0.4 $1.6M 28k 57.83
SPDR S&P International Dividend (DWX) 0.4 $1.6M 41k 39.11
Amazon (AMZN) 0.3 $1.3M 1.4k 968.30
Gugenheim Bulletshares 2022 Corp Bd 0.3 $1.4M 64k 21.33
Intel Corporation (INTC) 0.3 $1.3M 39k 33.73
SPDR DJ Wilshire REIT (RWR) 0.3 $1.3M 14k 92.95
Spdr S&p 500 Etf (SPY) 0.3 $1.3M 5.3k 241.89
iShares S&P 500 Index (IVV) 0.3 $1.3M 5.3k 243.44
Claymore Exchange Trd Fd Tr 2023 corp bond 0.3 $1.3M 60k 20.99
WisdomTree SmallCap Dividend Fund (DES) 0.3 $1.2M 15k 80.46
Vanguard Total World Stock Idx (VT) 0.3 $1.2M 18k 67.51
iShares Lehman Aggregate Bond (AGG) 0.3 $1.2M 11k 109.50
Chevron Corporation (CVX) 0.3 $1.1M 11k 104.31
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.3 $1.1M 10k 105.30
Vaneck Vectors Amt-free Intermediate Municipal Index Etf etf 0.2 $1.0M 42k 23.92
Starbucks Corporation (SBUX) 0.2 $985k 17k 58.30
Matthews International Corporation (MATW) 0.2 $846k 14k 61.28
Claymore Exchange Trd Fd Tr gug bul 2019 hy 0.2 $865k 35k 24.66
General Electric Company 0.2 $840k 31k 27.00
Claymore Exchange Trd Fd Tr gug blt2018 hy 0.2 $830k 33k 25.40
Guggenheim Bulletshares 2020 H mf 0.2 $821k 33k 24.84
Procter & Gamble Company (PG) 0.2 $771k 8.8k 87.14
WisdomTree Intl. SmallCap Div (DLS) 0.2 $781k 11k 69.50
Claymore Exchange Trd Fd Tr 2022 hg yld cb 0.2 $773k 31k 25.37
Claymore Exchange Trd Fd Tr 2021 hg yld cb 0.2 $787k 31k 25.17
Johnson & Johnson (JNJ) 0.2 $733k 5.5k 132.29
SPDR Barclays Cptl Shrt Term Corp Bd ETF (SPSB) 0.2 $757k 25k 30.64
SPDR Barclay Cp Intr Trm Cr Bd (SPIB) 0.2 $759k 22k 34.42
Patterson Companies (PDCO) 0.2 $704k 15k 46.93
PowerShares QQQ Trust, Series 1 0.2 $683k 5.0k 137.62
Vanguard Growth ETF (VUG) 0.2 $694k 5.5k 126.99
iShares Russell Microcap Index (IWC) 0.2 $693k 7.8k 88.90
Claymore Etf gug blt2017 hy 0.2 $698k 27k 25.72
At&t (T) 0.2 $645k 17k 37.76
Vanguard Short-Term Bond ETF (BSV) 0.2 $647k 8.1k 79.85
iShares S&P 500 Value Index (IVE) 0.2 $648k 6.2k 104.94
Vanguard Dividend Appreciation ETF (VIG) 0.2 $648k 7.0k 92.66
SPDR DJ Wilshire Small Cap Growth (SLYG) 0.2 $649k 3.0k 216.33
Ishares Core Msci Eafe Etf core msci eafe (IEFA) 0.2 $646k 11k 60.93
Boeing Company (BA) 0.1 $612k 3.1k 197.80
WisdomTree Emerging Markets Eq (DEM) 0.1 $624k 15k 41.02
U.S. Bancorp (USB) 0.1 $588k 11k 51.96
iShares MSCI EAFE Index Fund (EFA) 0.1 $589k 9.0k 65.21
Costco Wholesale Corporation (COST) 0.1 $519k 3.2k 160.04
Amgen (AMGN) 0.1 $524k 3.0k 172.26
Vanguard Small-Cap ETF (VB) 0.1 $537k 4.0k 135.54
Schwab Intl Small Cap Equity ETF (SCHC) 0.1 $553k 16k 33.65
Facebook Inc cl a (META) 0.1 $545k 3.6k 150.97
Exxon Mobil Corporation (XOM) 0.1 $479k 5.9k 80.80
Walt Disney Company (DIS) 0.1 $476k 4.5k 106.25
Pimco Etf Tr 0-5 high yield (HYS) 0.1 $512k 5.0k 101.41
Alphabet Inc Class C cs (GOOG) 0.1 $475k 523.00 908.22
SPDR S&P Emerging Markets Small Cap (EWX) 0.1 $433k 9.3k 46.71
Alphabet Inc Class A cs (GOOGL) 0.1 $439k 472.00 930.08
Bank of America Corporation (BAC) 0.1 $425k 18k 24.26
Oracle Corporation (ORCL) 0.1 $409k 8.2k 50.14
iShares Russell 2000 Index (IWM) 0.1 $391k 2.8k 140.95
iShares S&P World Ex-US Prop Index (WPS) 0.1 $405k 11k 36.98
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $404k 3.3k 123.51
First Tr Exch Trd Alpha Fd I emerg mkt alph (FEM) 0.1 $412k 18k 23.40
First Tr Exchange Traded Fd senior ln (FTSL) 0.1 $420k 8.7k 48.35
Impinj (PI) 0.1 $401k 8.2k 48.61
International Business Machines (IBM) 0.1 $353k 2.3k 153.88
iShares Silver Trust (SLV) 0.1 $369k 24k 15.71
Schwab International Equity ETF (SCHF) 0.1 $382k 12k 31.77
JPMorgan Chase & Co. (JPM) 0.1 $319k 3.5k 91.54
Coca-Cola Company (KO) 0.1 $345k 7.7k 44.86
Nike (NKE) 0.1 $326k 5.5k 59.05
Southwest Airlines (LUV) 0.1 $313k 5.0k 62.19
SPDR S&P Dividend (SDY) 0.1 $328k 3.7k 88.99
SPDR Dow Jones Global Real Estate (RWO) 0.1 $331k 6.9k 47.72
Merck & Co (MRK) 0.1 $271k 4.2k 64.19
Pepsi (PEP) 0.1 $287k 2.5k 115.31
Danaher Corporation (DHR) 0.1 $295k 3.5k 84.53
Gilead Sciences (GILD) 0.1 $301k 4.2k 70.86
iShares S&P 500 Growth Index (IVW) 0.1 $284k 2.1k 136.87
Vanguard Small-Cap Value ETF (VBR) 0.1 $293k 2.4k 123.11
iShares S&P SmallCap 600 Index (IJR) 0.1 $290k 4.1k 70.00
Spdr Series Trust brcly em locl (EBND) 0.1 $297k 10k 29.00
McDonald's Corporation (MCD) 0.1 $254k 1.7k 153.38
Pfizer (PFE) 0.1 $240k 7.1k 33.63
Altria (MO) 0.1 $260k 3.5k 74.43
Xcel Energy (XEL) 0.1 $227k 5.0k 45.79
Alaska Air (ALK) 0.1 $229k 2.6k 89.80
WisdomTree Emerging Mkts Small Cp Div (DGS) 0.1 $248k 5.4k 45.82
Schwab Strategic Tr us dividend eq (SCHD) 0.1 $228k 5.0k 45.18
Berkshire Hathaway (BRK.B) 0.1 $203k 1.2k 169.31
CSX Corporation (CSX) 0.1 $203k 3.7k 54.51
Automatic Data Processing (ADP) 0.1 $225k 2.2k 102.27
Philip Morris International (PM) 0.1 $220k 1.9k 117.46
Visa (V) 0.1 $215k 2.3k 93.80
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.1 $212k 1.8k 120.45
iShares S&P MidCap 400 Index (IJH) 0.1 $205k 1.2k 173.88
WisdomTree DEFA Equity Income Fund (DTH) 0.1 $212k 5.1k 41.81
Schwab Strategic Tr cmn (SCHV) 0.1 $220k 4.4k 50.26
Opko Health (OPK) 0.0 $146k 22k 6.58