CIK: 0001510434
Total reported value
$5.8B
Reporting period: 2026-03-31 · Number of holdings: 1706
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management disclosed 1706 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $5.8B and a quarterly turnover rate of 12.6%.
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Empirical Financial Services, LLC d.b.a. Empirical Wealth Management's disclosed holdings carry a Herfindahl concentration index of 0.021 — mathematically equivalent to about 47 equally-sized positions, well below its 1706 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 4.45), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 35% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim SJNK
-57.8% -$52.0M
Trim MSFT
-3.9% -$29.3M
Trim QUAL
+0.1% -$11.6M
Trim MTUM
-1.4% -$13.4M
Trim AAPL
-1.4% -$13.5M
Add VCSH
+12.8% $23.4M
Showing top 200 holdings (of 1706 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.41% | -0.10% | +8.42% | |
| 2 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 5.86% | -0.38% | +0.13% | |
| 3 | IQLT | Ishares Msci International Q | ETF-Other | 5.47% | +0.25% | +6.13% | |
| 4 | VTIP | Vanguard Short-term Tips | ETF-Other | 4.22% | +0.12% | +5.10% | |
| 5 | MTUM | Ishares Msci USA Momentum Fa | ETF-Other | 3.98% | -0.36% | -1.41% | |
| 6 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 3.75% | +0.30% | +12.75% | |
| 7 | AAPL | Apple INC | Stock-Tech | 2.69% | -0.32% | -1.44% | |
| 8 | DFUV | Dimensional US Marketwide Va | ETF-Other | 2.68% | +0.14% | +4.46% | |
| 9 | EFV | Ishares Msci Eafe Value ETF | ETF-Other | 2.58% | +0.13% | +4.17% | |
| 10 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 2.39% | +0.07% | +2.21% | |
| 11 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 1.99% | — | +1.53% | |
| 12 | DFIV | Dimensional International Va | ETF-Other | 1.63% | +0.02% | -1.23% | |
| 13 | MSFT | Microsoft CORP | Stock-Tech | 1.41% | -0.57% | -3.87% | |
| 14 | VGSH | Vanguard Short-term Treasury | ETF-Gov Bonds | 1.16% | — | +3.92% | |
| 15 | VTV | Vanguard Value ETF | ETF-Other | 1.15% | — | -0.65% | |
| 16 | AVDV | Avantis Intl S/c Value ETF | ETF-Other | 1.09% | +0.07% | +2.97% | |
| 17 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.09% | -0.11% | -1.97% | |
| 18 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.06% | -0.15% | +0.18% | |
| 19 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.05% | -0.21% | -0.98% | |
| 20 | DFMC | US Micro Cap Portfolio ETF | ETF-Other | 1.01% | +1.01% | NEW | |
| 21 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 1.00% | — | -1.11% | |
| 22 | DFAT | Dimensional US Target Value | ETF-Other | 0.99% | +0.02% | -0.47% | |
| 23 | QGRW | Wisdomtree US Quality Growth | ETF-Other | 0.94% | +0.18% | +41.13% | |
| 24 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.85% | — | +12.56% | |
| 25 | AVUV | Avantis US Small Cap Value | ETF-Small Cap | 0.79% | +0.07% | +5.04% | |
| 26 | VNQ | Vanguard Real Estate ETF | ETF-Other | 0.70% | +0.02% | +6.09% | |
| 27 | SCHC | Schwab Intl Small-cap Equity | ETF-Other | 0.69% | +0.06% | +10.29% | |
| 28 | SJNK | Ss Spdr Bb St Hi Yield ETF | ETF-Other | 0.64% | -0.95% | -57.77% | |
| 29 | CSCO | Cisco Systems INC | Stock-Tech | 0.64% | — | +2.55% | |
| 30 | AVGO | Broadcom INC | Stock-Tech | 0.54% | — | +4.65% | |
| 31 | VSS | Vanguard Ftse All Wo X-us Sc | ETF-Other | 0.52% | — | -2.35% | |
| 32 | TSLA | Tesla INC | Stock-Consumer Disc | 0.51% | -0.11% | +1.51% | |
| 33 | SCHF | Schwab Intl Equity ETF | ETF-Other | 0.48% | — | -1.69% | |
| 34 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 0.48% | — | -1.88% | |
| 35 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 0.48% | — | -0.62% | |
| 36 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.47% | -0.07% | -6.86% | |
| 37 | ESGD | Ishares Trust Ishares Esg Aw | ETF-Other | 0.47% | — | -0.09% | |
| 38 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.44% | — | +6.64% | |
| 39 | DUHP | Dimensional US High Profi Et | ETF-Other | 0.43% | — | +1.29% | |
| 40 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.43% | -0.05% | -4.02% | |
| 41 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.42% | — | +9.02% | |
| 42 | MO | Altria Group INC | Stock-Consumer Staples | 0.41% | +0.06% | +4.23% | |
| 43 | DFAS | Dimensional US Small Cap ETF | ETF-Small Cap | 0.39% | — | -1.96% | |
| 44 | IWC | Ishares Micro-cap ETF | ETF-Other | 0.39% | — | -3.67% | |
| 45 | FPE | Ft-preferred Secur & INC ETF | ETF-Other | 0.38% | — | +4.35% | |
| 46 | WMT | Walmart INC | Stock-Consumer Staples | 0.38% | +0.03% | -0.16% | |
| 47 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.38% | +0.07% | +6.25% | |
| 48 | VFMO | Vanguard US Momentum Factor | ETF-Other | 0.37% | — | +2.91% | |
| 49 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.37% | — | -3.70% | |
| 50 | MGC | Vanguard Mega Cap ETF | ETF-Other | 0.37% | — | +4.27% |
Performance for Q3 2026
+3.4%
Performance Last 4 Quarters
+21.4%
Based on 75% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 1706 | $5.8B | 13 | |
| 2025-12-31 | 1378 | $5.6B | 18 | |
| 2025-09-30 | 1170 | $5.0B | 31 | |
| 2025-06-30 | 984 | $4.4B | 0 | |
| 2025-03-31 | 825 | $3.9B | 100 | |
| 2024-12-31 | 698 | $3.7B | 0 | |
| 2024-09-30 | 570 | $3.6B | 0 | |
| 2024-06-30 | 562 | $3.4B | 0 | |
| 2024-03-31 | 530 | $3.3B | 0 | |
| 2023-12-31 | 498 | $3.0B | 0 | |
| 2023-09-30 | 465 | $2.6B | 0 | |
| 2023-06-30 | 460 | $2.5B | 0 | |
| 2023-03-31 | 463 | $2.3B | 0 | |
| 2022-12-31 | 459 | $2.1B | 0 | |
| 2022-09-30 | 467 | $1.9B | 0 | |
| 2022-06-30 | 463 | $1.9B | 0 | |
| 2022-03-31 | 493 | $2.0B | 0 | |
| 2021-12-31 | 517 | $2.0B | 0 | |
| 2021-09-30 | 451 | $1.8B | 0 | |
| 2021-06-30 | 443 | $1.7B | 100 | |
| 2021-03-31 | 393 | $1.2B | 19 | |
| 2020-12-31 | 381 | $1.3B | 19 | |
| 2020-09-30 | 345 | $1.2B | 13 | |
| 2020-06-30 | 331 | $1.1B | 20 | |
| 2020-03-31 | 320 | $914.8M | 29 | |
| 2019-12-31 | 329 | $910.0M | 20 | |
| 2019-09-30 | 286 | $825.9M | 14 | |
| 2019-06-30 | 267 | $767.7M | 14 | |
| 2019-03-31 | 235 | $687.3M | 17 | |
| 2018-12-31 | 200 | $588.7M | 19 | |
| 2018-09-30 | 214 | $564.2M | 11 | |
| 2018-06-30 | 185 | $534.1M | 18 | |
| 2018-03-31 | 202 | $507.0M | 13 | |
| 2017-12-31 | 151 | $466.3M | 11 | |
| 2017-09-30 | 139 | $433.4M | 6 | |
| 2017-06-30 | 130 | $410.8M | 7 | |
| 2017-03-31 | 129 | $401.3M | 11 | |
| 2016-12-31 | 123 | $407.4M | 12 | |
| 2016-09-30 | 109 | $382.9M | 10 | |
| 2016-06-30 | 107 | $380.8M | 15 | |
| 2016-03-31 | 104 | $413.5M | 11 | |
| 2015-12-31 | 104 | $411.0M | 13 | |
| 2015-09-30 | 112 | $423.6M | 10 | |
| 2015-06-30 | 113 | $430.3M | 9 | |
| 2015-03-31 | 99 | $417.0M | 8 | |
| 2014-12-31 | 100 | $409.4M | 15 | |
| 2014-09-30 | 104 | $413.5M | 15 | |
| 2014-06-30 | 101 | $403.4M | 11 | |
| 2014-03-31 | 98 | $379.7M | 10 | |
| 2013-12-31 | 93 | $353.6M | 15 | |
| 2013-09-30 | 88 | $319.7M | 10 | |
| 2013-06-30 | 82 | $300.0M | — |
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management's most significant position changes for 2026-03-31: New buy: US Micro Cap Portfolio ETF (DFMC); Trim: Ss Spdr Bb St Hi Yield ETF (SJNK) — shares -57.77%; Trim: Microsoft CORP (MSFT) — shares -3.87%; Add: Ishares Msci USA Quality Fac (QUAL) — shares +0.13%; Trim: Ishares Msci USA Momentum Fa (MTUM) — shares -1.41%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VCSH | Vanguard S/t CORP Bond ETF | +0.3% | +12.75% | Add |
| 2 | IQLT | Ishares Msci International Q | +0.3% | +6.13% | Add |
| 3 | QGRW | Wisdomtree US Quality Growth | +0.2% | +41.13% | Add |
| 4 | DFUV | Dimensional US Marketwide Va | +0.1% | +4.46% | Add |
| 5 | EFV | Ishares Msci Eafe Value ETF | +0.1% | +4.17% | Add |
| 6 | VTIP | Vanguard Short-term Tips | +0.1% | +5.10% | Add |
| 7 | XOM | Exxon Mobil CORP | +0.1% | +7.23% | Add |
| 8 | PG | Procter & Gamble Co/the | +0.1% | +122.09% | Add |
| 9 | IEMG | Ishares Core Msci Emerging | +0.1% | +2.21% | Add |
| 10 | AVUV | Avantis US Small Cap Value | +0.1% | +5.04% | Add |
| 11 | AVDV | Avantis Intl S/c Value ETF | +0.1% | +2.97% | Add |
| 12 | CVX | Chevron CORP | +0.1% | +15.22% | Add |
| 13 | LRCX | Lam Research CORP | +0.1% | +11.60% | Add |
| 14 | JNJ | Johnson & Johnson | +0.1% | +6.25% | Add |
| 15 | T | At&t INC | +0.1% | +18.96% | Add |
| 16 | SCHC | Schwab Intl Small-cap Equity | +0.1% | +10.29% | Add |
| 17 | MO | Altria Group INC | +0.1% | +4.23% | Add |
| 18 | WDC | Western Digital CORP | +0.1% | -7.42% | Trim |
| 19 | DELL | Dell Technologies -c | +0.1% | +2.90% | Add |
| 20 | AMAT | Applied Materials INC | +0.1% | +11.98% | Add |
| 21 | PWR | Quanta Services INC | 0% | -3.44% | Trim |
| 22 | MU | Micron Technology INC | 0% | +9.40% | Add |
| 23 | VUG | Vanguard Growth ETF | 0% | +57.57% | Add |
| 24 | GLW | Corning INC | 0% | -22.20% | Trim |
| 25 | WMT | Walmart INC | 0% | -0.16% | Trim |
| 26 | DFIV | Dimensional International Va | 0% | -1.23% | Trim |
| 27 | VNQ | Vanguard Real Estate ETF | 0% | +6.09% | Add |
| 28 | DFAT | Dimensional US Target Value | 0% | -0.47% | Trim |
| 29 | VGSH | Vanguard Short-term Treasury | — | +3.92% | Add |
| 30 | QCOM | Qualcomm INC | 0% | -16.15% | Trim |
| 31 | HYD | Vaneck High Yield Muni ETF | 0% | -36.60% | Trim |
| 32 | ADP | Automatic Data Processing | -0.1% | +1.28% | Add |
| 33 | KAT | Scharf ETF | -0.1% | -36.72% | Trim |
| 34 | VTI | Vanguard Total Stock Mkt ETF | -0.1% | -4.02% | Trim |
| 35 | ORCL | Oracle CORP | -0.1% | -5.16% | Trim |
| 36 | OZ | Belpointe Prep Llc- Class A | -0.1% | -0.58% | Trim |
| 37 | SCHX | Schwab US Large-cap ETF | -0.1% | -6.86% | Trim |
| 38 | ADBE | Adobe INC | -0.1% | -25.80% | Trim |
| 39 | NVDA | Nvidia CORP | -0.1% | +8.42% | Add |
| 40 | TSLA | Tesla INC | -0.1% | +1.51% | Add |
| 41 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | -1.97% | Trim |
| 42 | HYMB | Ss Spdr N Ice Hy Muni ETF | -0.1% | -46.01% | Trim |
| 43 | AMZN | Amazon.com INC | -0.2% | +0.18% | Add |
| 44 | META | Meta Platforms Inc-class A | -0.2% | -0.98% | Trim |
| 45 | AAPL | Apple INC | -0.3% | -1.44% | Trim |
| 46 | MTUM | Ishares Msci USA Momentum Fa | -0.4% | -1.41% | Trim |
| 47 | QUAL | Ishares Msci USA Quality Fac | -0.4% | +0.13% | Add |
| 48 | MSFT | Microsoft CORP | -0.6% | -3.87% | Trim |
| 49 | SJNK | Ss Spdr Bb St Hi Yield ETF | -1% | -57.77% | Trim |
| 50 | DFMC | US Micro Cap Portfolio ETF | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-04 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-16 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-10 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-21 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-08 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-22 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-01 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-09 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-07 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-06 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-03 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-11 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-09 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-08 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-03 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-02 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-13 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-02 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-12 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-12 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-12 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-12 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-11 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-13 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-13 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-12 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-13 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-13 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-13 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-13 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-14 | Amendment | View on EDGAR |
| 2017-12-31 | 2018-02-12 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-10 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-12 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-08 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-04 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-01 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-21 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-26 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-22 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-06 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-07 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-10 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-12 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-07-17 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-06 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-24 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-24 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-07-19 | 13F-HR | View on EDGAR |
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