Empirical Financial Services, LLC d.b.a. Empirical Wealth Management Q2 2025 Filing

Filed July 21, 2025

Portfolio Value

$4.4B

Holdings

684

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (684 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	MTUMISHARES TR	1,031,275	$247.8M	5.59%
2	VTIPVANGUARD MALVERN FDS	4,084,092	$205.3M	4.63%
3	NVDANVIDIA CORPORATION	1,148,978	$181.5M	4.10%	Put
4	VCSHVANGUARD SCOTTSDALE FDS	2,256,378	$179.4M	4.05%
5	QUALISHARES TR	950,182	$173.7M	3.92%
6	IQLTISHARES TR	3,328,573	$143.9M	3.25%
7	AAPLAPPLE INC	593,879	$121.8M	2.75%	Put
8	EFVISHARES TR	1,818,826	$115.5M	2.61%
9	DFUVDIMENSIONAL ETF TRUST	2,730,157	$115.4M	2.61%
10	VCITVANGUARD SCOTTSDALE FDS	1,288,855	$106.9M	2.41%
11	IEMGISHARES INC	1,758,294	$105.6M	2.38%
12	MSFTMICROSOFT CORP	208,507	$103.7M	2.34%
13	SJNKSPDR SERIES TRUST	3,145,151	$80.1M	1.81%
14	DFIVDIMENSIONAL ETF TRUST	1,824,444	$78.1M	1.76%
15	METAMETA PLATFORMS INC	89,829	$66.3M	1.50%
16	VTVVANGUARD INDEX FDS	349,987	$61.9M	1.40%
17	SPYSPDR S&P 500 ETF TR	97,956	$60.5M	1.37%
18	VGSHVANGUARD SCOTTSDALE FDS	1,012,783	$59.5M	1.34%
19	VEAVANGUARD TAX-MANAGED FDS	910,398	$51.9M	1.17%
20	DFATDIMENSIONAL ETF TRUST	922,479	$49.8M	1.12%
21	AMZNAMAZON COM INC	214,508	$47.1M	1.06%	Put
22	AVDVAMERICAN CENTY ETF TR	578,543	$45.9M	1.04%
23	VNQVANGUARD INDEX FDS	387,069	$34.5M	0.78%
24	COSTCOSTCO WHSL CORP NEW	32,817	$32.5M	0.73%	Put
25	AVUVAMERICAN CENTY ETF TR	329,958	$30.1M	0.68%
26	CSCOCISCO SYS INC	429,952	$29.8M	0.67%
27	SCHCSCHWAB STRATEGIC TR	698,854	$29.8M	0.67%
28	VSSVANGUARD INTL EQUITY INDEX F	214,963	$28.9M	0.65%
29	SCHXSCHWAB STRATEGIC TR	1,090,452	$26.7M	0.60%
30	DFACDIMENSIONAL ETF TRUST	725,156	$26.0M	0.59%
31	VBRVANGUARD INDEX FDS	132,699	$25.9M	0.58%
32	ESGDISHARES TR	282,864	$25.2M	0.57%
33	DUHPDIMENSIONAL ETF TRUST	708,946	$25.2M	0.57%
34	GOOGALPHABET INC	140,610	$24.9M	0.56%
35	AVGOBROADCOM INC	81,019	$22.3M	0.50%
36	WMTWALMART INC	226,945	$22.2M	0.50%
37	TSLATESLA INC	68,902	$21.9M	0.49%
38	ADPAUTOMATIC DATA PROCESSING IN	70,309	$21.7M	0.49%
39	SCHFSCHWAB STRATEGIC TR	955,803	$21.1M	0.48%
40	DFASDIMENSIONAL ETF TRUST	317,697	$20.2M	0.46%
41	SCHESCHWAB STRATEGIC TR	662,657	$20.0M	0.45%
42	XFEBFIRST TR EXCH TRADED FD III	1,117,589	$19.9M	0.45%
43	JPMJPMORGAN CHASE & CO.	68,405	$19.8M	0.45%
44	4I1PHILIP MORRIS INTL INC	108,034	$19.7M	0.44%
45	VTIVANGUARD INDEX FDS	63,051	$19.2M	0.43%
46	TXNTEXAS INSTRS INC	91,487	$19.0M	0.43%
47	MOALTRIA GROUP INC	322,451	$18.9M	0.43%
48	IWCISHARES TR	146,444	$18.7M	0.42%
49	VFMOVANGUARD WELLINGTON FD	107,518	$18.5M	0.42%
50	STIPISHARES TR	173,838	$17.9M	0.40%
51	VNQIVANGUARD INTL EQUITY INDEX F	374,205	$17.3M	0.39%
52	BRK/BBERKSHIRE HATHAWAY INC DEL	33,728	$16.4M	0.37%
53	MGCVANGUARD WORLD FD	72,709	$16.4M	0.37%
54	NULVNUSHARES ETF TR	386,763	$16.2M	0.37%
55	OZBELPOINTE PREP LLC	251,255	$16.1M	0.36%
56	ADIANALOG DEVICES INC	66,520	$15.8M	0.36%
57	EFGISHARES TR	141,348	$15.8M	0.36%
58	VVVANGUARD INDEX FDS	53,468	$15.3M	0.34%
59	MGKVANGUARD WORLD FD	41,381	$15.2M	0.34%
60	FPFFIRST TR EXCH TRD ALPHDX FD	606,409	$14.9M	0.34%
61	CGTXCOGNITION THERAPEUTICS INC	48,000	$14.9M	0.34%
62	VWOVANGUARD INTL EQUITY INDEX F	295,512	$14.6M	0.33%
63	IBMINTERNATIONAL BUSINESS MACHS	48,474	$14.3M	0.32%
64	NFLXNETFLIX INC	10,664	$14.3M	0.32%
65	HYMBSPDR SERIES TRUST	549,509	$13.6M	0.31%
66	GOOGLALPHABET INC	76,355	$13.5M	0.30%
67	VBVANGUARD INDEX FDS	56,566	$13.4M	0.30%
68	MGVVANGUARD WORLD FD	100,663	$13.2M	0.30%
69	NDQINVESCO QQQ TR	22,702	$12.5M	0.28%
70	VOOVANGUARD INDEX FDS	21,944	$12.5M	0.28%
71	ORCLORACLE CORP	55,834	$12.2M	0.28%
72	BKBANK NEW YORK MELLON CORP	132,629	$12.1M	0.27%
73	FISVFISERV INC	69,913	$12.1M	0.27%
74	EWXSPDR INDEX SHS FDS	194,041	$12.0M	0.27%
75	CMICUMMINS INC	35,862	$11.7M	0.27%
76	IVVISHARES TR	18,843	$11.7M	0.26%
77	SCHASCHWAB STRATEGIC TR	455,753	$11.5M	0.26%
78	ESGEISHARES INC	285,073	$11.2M	0.25%
79	IJRISHARES TR	101,760	$11.1M	0.25%
80	ADBEADOBE INC	28,604	$11.1M	0.25%
81	VVISA INC	30,963	$11.0M	0.25%
82	XOMEXXON MOBIL CORP	101,971	$11.0M	0.25%
83	SCHWSCHWAB CHARLES CORP	119,273	$10.9M	0.25%
84	SCHVSCHWAB STRATEGIC TR	390,508	$10.8M	0.24%
85	ESMLISHARES TR	260,921	$10.8M	0.24%
86	LLYELI LILLY & CO	13,747	$10.7M	0.24%
87	PAYXPAYCHEX INC	72,087	$10.5M	0.24%
88	VOEVANGUARD INDEX FDS	62,564	$10.3M	0.23%
89	EBIRBB FUND TRUST	201,299	$10.2M	0.23%
90	VYMVANGUARD WHITEHALL FDS	75,798	$10.1M	0.23%
91	EMREMERSON ELEC CO	75,616	$10.1M	0.23%
92	JNJJOHNSON & JOHNSON	65,885	$10.1M	0.23%
93	7HPHP INC	399,391	$9.8M	0.22%
94	TAT&T INC	332,242	$9.6M	0.22%
95	NUMVNUSHARES ETF TR	256,110	$9.2M	0.21%
96	DWXSPDR INDEX SHS FDS	214,955	$9.1M	0.20%
97	PYPLPAYPAL HLDGS INC	121,732	$9.0M	0.20%
98	VOTVANGUARD INDEX FDS	31,567	$9.0M	0.20%
99	ESGUISHARES TR	64,424	$8.7M	0.20%
100	FNDFSCHWAB STRATEGIC TR	198,224	$7.9M	0.18%

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