# Empirical Financial Services, LLC d.b.a. Empirical Wealth Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1510434. Source: https://holderbook.com/funds/1510434-empirical-financial-services-llc-d-b-a-empirical-wealth-mana/

- Reported value: $6.9B
- Positions: 1,046
- Weight of the ten largest: 39.7%
- Filed: 2026-07-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $435.6M | 2,060,394 | 6.4% | 31 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $393.8M | 1,794,452 | 5.7% | 31 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $391.0M | 7,891,119 | 5.7% | 31 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $319.4M | 931,613 | 4.7% | 19 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $258.5M | 5,146,018 | 3.8% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $227.4M | 2,877,812 | 3.3% | 31 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $184.6M | 3,355,094 | 2.7% | 17 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $179.6M | 620,743 | 2.6% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $168.0M | 2,028,593 | 2.5% | 31 |
| ISHARES TR | [EFV](https://holderbook.com/stocks/EFV/) | $163.4M | 2,134,694 | 2.4% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $120.2M | 1,454,830 | 1.8% | 31 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $99.2M | 1,835,877 | 1.4% | 20 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $85.6M | 229,490 | 1.2% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $78.2M | 103,930 | 1.1% | 31 |
| WISDOMTREE TR | [QGRW](https://holderbook.com/stocks/QGRW/) | $76.6M | 1,160,231 | 1.1% | 4 |
| DFA INVT DIMENSIONS GROUP IN | [DFMC](https://holderbook.com/stocks/DFMC/) | $75.6M | 1,238,052 | 1.1% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $75.1M | 313,948 | 1.1% | 31 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $73.3M | 336,297 | 1.1% | 31 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $70.6M | 1,212,961 | 1.0% | 28 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $68.4M | 663,940 | 1.0% | 24 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $65.1M | 184,231 | 0.9% | 31 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $64.5M | 922,732 | 0.9% | 21 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $64.1M | 899,556 | 0.9% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $61.6M | 109,412 | 0.9% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $56.5M | 481,100 | 0.8% | 31 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $55.5M | 444,573 | 0.8% | 13 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $46.3M | 479,864 | 0.7% | 31 |
| SCHWAB STRATEGIC TR | [SCHC](https://holderbook.com/stocks/SCHC/) | $45.8M | 951,415 | 0.7% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $40.4M | 105,429 | 0.6% | 16 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $37.0M | 31,930 | 0.5% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $36.0M | 85,663 | 0.5% | 31 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $35.9M | 83,245 | 0.5% | 27 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $34.5M | 1,243,692 | 0.5% | 31 |
| SPDR SERIES TRUST | [SJNK](https://holderbook.com/stocks/SJNK/) | $32.9M | 1,314,467 | 0.5% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $32.1M | 73,978 | 0.5% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $31.9M | 89,371 | 0.5% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $31.9M | 86,300 | 0.5% | 31 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $31.9M | 131,099 | 0.5% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $31.7M | 205,418 | 0.5% | 31 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $31.3M | 705,804 | 0.5% | 21 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $31.1M | 53,576 | 0.5% | 30 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $31.0M | 1,053,827 | 0.5% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $29.6M | 90,555 | 0.4% | 31 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $29.0M | 282,212 | 0.4% | 27 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $28.9M | 691,936 | 0.4% | 6 |
| ISHARES TR | [IWC](https://holderbook.com/stocks/IWC/) | $28.2M | 140,737 | 0.4% | 31 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $26.8M | 371,812 | 0.4% | 31 |
| VANGUARD WORLD FD | [MGC](https://holderbook.com/stocks/MGC/) | $26.7M | 97,516 | 0.4% | 25 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $26.1M | 317,417 | 0.4% | 21 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $26.0M | 40,566 | 0.4% | 4 |
| VANGUARD WELLINGTON FD | [VFMO](https://holderbook.com/stocks/VFMO/) | $26.0M | 104,019 | 0.4% | 18 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $25.9M | 179,269 | 0.4% | 10 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $25.0M | 284,728 | 0.4% | 24 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $24.3M | 95,162 | 0.4% | 17 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $23.8M | 33,334 | 0.3% | 30 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $23.6M | 189,907 | 0.3% | 24 |
| FIRST TR EXCH TRADED FD III | [FPE](https://holderbook.com/stocks/FPE/) | $23.1M | 1,293,097 | 0.3% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $23.0M | 31,215 | 0.3% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $22.9M | 90,031 | 0.3% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VNQI](https://holderbook.com/stocks/VNQI/) | $22.4M | 500,022 | 0.3% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $22.1M | 23,649 | 0.3% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $21.4M | 144,071 | 0.3% | 31 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $21.1M | 129,222 | 0.3% | 24 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $21.0M | 41,899 | 0.3% | 6 |
| FIRST TR EXCH TRD ALPHDX FD | [FEM](https://holderbook.com/stocks/FEM/) | $20.4M | 636,366 | 0.3% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $20.3M | 16,956 | 0.3% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $20.1M | 27,556 | 0.3% | 31 |
| NUSHARES ETF TR | [NULV](https://holderbook.com/stocks/NULV/) | $20.1M | 402,854 | 0.3% | 27 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $20.1M | 177,246 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $19.9M | 28,944 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $19.0M | 55,237 | 0.3% | 31 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $18.1M | 25,100 | 0.3% | 5 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $17.3M | 169,160 | 0.3% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $17.2M | 288,101 | 0.3% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $17.1M | 16,021 | 0.2% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $16.9M | 60,158 | 0.2% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $16.9M | 93,226 | 0.2% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $16.2M | 53,368 | 0.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $16.0M | 440,417 | 0.2% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $15.6M | 20,833 | 0.2% | 31 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $15.1M | 76,209 | 0.2% | 23 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $15.0M | 414,348 | 0.2% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $14.7M | 105,510 | 0.2% | 31 |
| ISHARES TR | [ESML](https://holderbook.com/stocks/ESML/) | $14.6M | 260,272 | 0.2% | 27 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $14.4M | 64,290 | 0.2% | 31 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $14.4M | 262,736 | 0.2% | 27 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $13.6M | 97,608 | 0.2% | 31 |
| SPDR INDEX SHS FDS | [EWX](https://holderbook.com/stocks/EWX/) | $13.6M | 182,808 | 0.2% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $13.6M | 39,521 | 0.2% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $13.2M | 33,242 | 0.2% | 10 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $13.1M | 42,929 | 0.2% | 24 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $13.1M | 82,964 | 0.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $13.0M | 373,856 | 0.2% | 31 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $13.0M | 288,215 | 0.2% | 31 |
| RBB FUND TRUST | [EBI](https://holderbook.com/stocks/EBI/) | $12.2M | 187,741 | 0.2% | 6 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $11.8M | 39,444 | 0.2% | 25 |
| NUSHARES ETF TR | [NUMV](https://holderbook.com/stocks/NUMV/) | $11.6M | 266,948 | 0.2% | 27 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $11.6M | 125,674 | 0.2% | 30 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $11.3M | 82,819 | 0.2% | 6 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $11.0M | 67,340 | 0.2% | 25 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.6% | +14.8% | -1.3% | 99% |
| Q1 2026 | -1.0% | -4.6% | +3.7% | 99% |
| Q4 2025 | +1.4% | +2.4% | -1.0% | 99% |
| Q3 2025 | +6.2% | +7.8% | -1.6% | 100% |
| Q2 2025 | +8.3% | +10.5% | -2.2% | 100% |
| Q1 2025 | -1.4% | -4.6% | +3.1% | 100% |
| Q4 2024 | -2.1% | +2.1% | -4.2% | 100% |
| Q3 2024 | +5.7% | +5.4% | +0.3% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $6.9B | 1,046 |
| Q1 2026 | $5.8B | 984 |
| Q4 2025 | $5.6B | 891 |
| Q3 2025 | $5.0B | 790 |
| Q2 2025 | $4.4B | 684 |
| Q1 2025 | $3.9B | 646 |
| Q4 2024 | $3.7B | 609 |
| Q3 2024 | $3.6B | 565 |
| Q2 2024 | $3.4B | 559 |
| Q1 2024 | $3.3B | 527 |
| Q4 2023 | $3.0B | 494 |
| Q3 2023 | $2.6B | 462 |