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Asset Manager ← All Institutions

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

1420 5TH AVE SUITE 3150, SEATTLE, WA 98101 • 2069233474

Q2 2025 · Filed 2025-07-21
Market Value
$4.4B
+13.9%
Holdings
723
+11
New Purchases
81
Added To
359
Closed
47
Reduced
202
Top 10 Concentration
35.9%
Turnover
17.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 3.94% 2.46% +1.47% $174M
DUHP 0.57% 0.06% +0.51% $25M
MSFT 2.35% 1.93% +0.42% $104M
MTUM 5.62% 5.32% +0.30% $248M
META 1.50% 1.25% +0.25% $66M
AVGO 0.51% 0.29% +0.22% $22M
SCHX 0.60% 0.41% +0.20% $27M
VFMO 0.42% 0.28% +0.14% $19M
TSLA 0.50% 0.39% +0.10% $22M
NFLX 0.32% 0.23% +0.10% $14M
VTV 1.40% 1.31% +0.10% $62M
IWC 0.42% 0.33% +0.10% $19M
SCHC 0.67% 0.59% +0.08% $30M
AMZN 1.06% 0.98% +0.08% $47M
CPNG 0.07% 0.00% +0.07% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
QUAL 3.94% 4.40% -0.46% $174M
VCSH 4.07% 4.42% -0.36% $179M
VTIP 4.65% 4.99% -0.34% $205M
DFUV 2.62% 2.94% -0.32% $115M
VCIT 2.42% 2.64% -0.21% $107M
FI 0.27% 0.45% -0.17% $12M
IWB 0.06% 0.20% -0.14% $3M
VGSH 1.35% 1.48% -0.14% $60M
SJNK 1.82% 1.95% -0.13% $80M
DFIV 1.77% 1.89% -0.12% $78M
VNQ 0.78% 0.89% -0.11% $34M
STIP 0.41% 0.51% -0.10% $18M
UNH 0.08% 0.17% -0.09% $4M
JNJ 0.23% 0.31% -0.09% $10M
AAPL 2.75% 2.84% -0.08% $122M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 67.3%
Technology 16.0%
Communication Services 3.2%
Industrials 3.1%
Consumer Cyclical 3.1%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 76 $1.2B 27.1%
Large Cap 433 $2.7B 62.2%
Mid Cap 116 $310M 7.0%
Small Cap 84 $139M 3.1%
Micro Cap 14 $23M 0.5%

Portfolio Analytics

Avg Market Cap
$122.3B
Median Market Cap
$30.2B
Avg P/E
32.3
Median P/E
22.6
Avg Dividend Yield
0.02%
Avg Beta
0.95
# Stocks
465
# ETFs / Funds
258

Top Holdings (723 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MTUM 5.62% 1,031,275 $248M $240.32 $42M +11,371 +1.1%
2 VTIP 4.65% 4,084,092 $205M $50.27 $12M +206,352 +5.3%
3 VCSH 4.07% 2,256,378 $179M $79.50 $8M +85,810 +4.0%
4 QUAL 3.94% 950,182 $174M $182.82 $3M -47,643 -4.8%
5 NVDA 3.94% 1,099,078 $174M $157.99 $78M +218,692 +24.8%
6 IQLT 3.26% 3,328,573 $144M $43.22 $17M +137,862 +4.3%
7 AAPL 2.75% 592,479 $122M $205.17 $12M +97,378 +19.7%
8 EFV 2.62% 1,818,826 $115M $63.48 $14M +104,864 +6.1%
9 DFUV 2.62% 2,730,157 $115M $42.28 $2M -31,877 -1.1%
10 VCIT 2.42% 1,288,855 $107M $82.92 $5M +39,293 +3.1%
11 IEMG 2.39% 1,758,294 $106M $60.03 $14M +59,876 +3.5%
12 MSFT 2.35% 208,507 $104M $497.41 $29M +9,566 +4.8%
13 SJNK 1.82% 3,145,151 $80M $25.48 $5M +141,129 +4.7%
14 DFIV 1.77% 1,824,444 $78M $42.83 $5M -34,371 -1.9%
15 META 1.50% 89,829 $66M $738.08 $18M +5,767 +6.9%
16 VTV 1.40% 349,987 $62M $176.74 $11M +57,263 +19.6%
17 SPY 1.37% 97,956 $61M $617.85 $9M +6,461 +7.1%
18 VGSH 1.35% 1,012,783 $60M $58.78 $2M +32,651 +3.3%
19 VEA 1.18% 910,398 $52M $57.01 $8M +40,856 +4.7%
20 DFAT 1.13% 922,479 $50M $53.96 $4M +34,109 +3.8%
21 AMZN 1.06% 213,208 $47M $219.39 $9M +12,646 +6.3%
22 AVDV 1.04% 578,543 $46M $79.28 $7M +19,797 +3.5%
23 VNQ 0.78% 387,069 $34M $89.06 -$54K +5,734 +1.5%
24 COST 0.70% 31,317 $31M $989.94 $2M +1,107 +3.7%
25 AVUV 0.68% 329,958 $30M $91.10 $4M +36,530 +12.4%
26 CSCO 0.68% 429,952 $30M $69.38 $4M +14,490 +3.5%
27 SCHC 0.67% 698,854 $30M $42.59 $7M +56,955 +8.9%
28 VSS 0.65% 214,963 $29M $134.39 $4M -3,724 -1.7%
29 SCHX 0.60% 1,090,452 $27M $24.44 $11M +377,918 +53.0%
30 DFAC 0.59% 725,156 $26M $35.84 $2M -9,600 -1.3%
31 VBR 0.59% 132,699 $26M $195.01 $3M +9,475 +7.7%
32 ESGD 0.57% 282,864 $25M $89.22 $1M -8,084 -2.8%
33 DUHP 0.57% 708,946 $25M $35.56 $23M +635,664 +867.4%
34 GOOG 0.57% 140,610 $25M $177.39 $2M -6,318 -4.3%
35 AVGO 0.51% 81,019 $22M $275.65 $11M +14,935 +22.6%
36 WMT 0.50% 226,945 $22M $97.78 $5M +35,143 +18.3%
37 TSLA 0.50% 68,902 $22M $317.66 $7M +9,987 +16.9%
38 ADP 0.49% 70,309 $22M $308.41 $2M +5,476 +8.4%
39 SCHF 0.48% 955,803 $21M $22.10 $2M -9,267 -1.0%
40 DFAS 0.46% 317,697 $20M $63.71 $2M +18,282 +6.1%
41 SCHE 0.45% 662,657 $20M $30.14 $2M +9,103 +1.4%
42 FPE 0.45% 1,117,589 $20M $17.80 $968K +41,683 +3.9%
43 JPM 0.45% 68,405 $20M $289.91 $5M +6,876 +11.2%
44 PM 0.45% 108,034 $20M $182.14 $2M -1,432 -1.3%
45 VTI 0.43% 63,051 $19M $303.93 $2M +481 +0.8%
46 TXN 0.43% 91,487 $19M $207.62 $2M -952 -1.0%
47 MO 0.43% 322,451 $19M $58.64 $163K +10,181 +3.3%
48 IWC 0.42% 146,444 $19M $127.66 $6M +32,082 +28.1%
49 VFMO 0.42% 107,518 $19M $172.52 $8M +36,548 +51.5%
50 STIP 0.41% 173,838 $18M $102.91 -$2M -16,825 -8.8%
51 VNQI 0.39% 374,205 $17M $46.15 $3M +21,346 +6.0%
52 BRK-B 0.37% 33,728 $16M $485.77 $941K +4,731 +16.3%
53 MGC 0.37% 72,709 $16M $224.92 $2M +1,992 +2.8%
54 NULV 0.37% 386,763 $16M $41.92 $383K -4,144 -1.1%
55 OZ 0.36% 251,255 $16M $64.01 -$152K -443 -0.2%
56 ADI 0.36% 66,520 $16M $238.02 $2M -3,717 -5.3%
57 EFG 0.36% 141,348 $16M $112.00 $2M +3,395 +2.5%
58 VV 0.35% 53,468 $15M $285.30 $2M +22 +0.0%
59 MGK 0.34% 41,381 $15M $366.17 $3M +1,496 +3.8%
60 FEM 0.34% 606,409 $15M $24.56 $2M +33,117 +5.8%
61 VWO 0.33% 295,512 $15M $49.46 $2M +18,712 +6.8%
62 IBM 0.32% 48,474 $14M $294.78 $3M +4,122 +9.3%
63 NFLX 0.32% 10,664 $14M $1,339.18 $6M +1,295 +13.8%
64 HYMB 0.31% 549,509 $14M $24.78 -$984K -29,444 -5.1%
65 GOOGL 0.30% 76,355 $13M $176.23 $3M +5,541 +7.8%
66 VB 0.30% 56,566 $13M $236.99 $2M +3,406 +6.4%
67 MGV 0.30% 100,663 $13M $131.20 $107K -1,012 -1.0%
68 QQQ 0.28% 22,702 $13M $551.63 $2M +112 +0.5%
69 VOO 0.28% 21,944 $12M $568.03 $2M +1,511 +7.4%
70 ORCL 0.28% 55,834 $12M $218.63 $3M -7,628 -12.0%
71 BK 0.27% 132,629 $12M $91.11 $1M +6,037 +4.8%
72 FI 0.27% 69,913 $12M $172.41 -$5M -8,323 -10.6%
73 EWX 0.27% 194,041 $12M $62.03 $2M +9,017 +4.9%
74 CMI 0.27% 35,862 $12M $327.50 $2M +3,286 +10.1%
75 IVV 0.27% 18,843 $12M $620.90 $1M +309 +1.7%
76 SCHA 0.26% 455,753 $12M $25.30 $1M +25,239 +5.9%
77 ESGE 0.25% 285,073 $11M $39.17 $739K -13,269 -4.5%
78 IJR 0.25% 101,760 $11M $109.29 $829K +3,334 +3.4%
79 ADBE 0.25% 28,604 $11M $386.88 $527K +1,124 +4.1%
80 V 0.25% 30,963 $11M $355.05 $587K +1,271 +4.3%
81 XOM 0.25% 101,971 $11M $107.80 -$411K +6,084 +6.3%
82 SCHW 0.25% 119,273 $11M $91.24 $2M +62 +0.1%
83 SCHV 0.24% 390,508 $11M $27.67 $304K -4,590 -1.2%
84 ESML 0.24% 260,921 $11M $41.33 $897K +3,517 +1.4%
85 LLY 0.24% 13,747 $11M $779.54 $95K +887 +6.9%
86 PAYX 0.24% 72,087 $10M $145.46 $113K +4,852 +7.2%
87 VOE 0.23% 62,564 $10M $164.46 $1M +4,900 +8.5%
88 EBI 0.23% 201,299 $10M $50.88 $718K
89 VYM 0.23% 75,798 $10M $133.31 $576K +1,907 +2.6%
90 EMR 0.23% 75,616 $10M $133.33 $2M -1,719 -2.2%
91 JNJ 0.23% 65,885 $10M $152.75 -$2M -7,345 -10.0%
92 HPQ 0.22% 399,391 $10M $24.46 -$2M -15,054 -3.6%
93 T 0.22% 332,242 $10M $28.94 $241K +773 +0.2%
94 NUMV 0.21% 256,110 $9M $36.05 $451K -593 -0.2%
95 DWX 0.21% 214,955 $9M $42.15 $478K -8,787 -3.9%
96 PYPL 0.21% 121,732 $9M $74.32 $2M +21,343 +21.3%
97 VOT 0.20% 31,567 $9M $284.39 $2M +2,362 +8.1%
98 ESGU 0.20% 64,424 $9M $135.30 $2M +6,332 +10.9%
99 FNDF 0.18% 198,224 $8M $40.02 -$226K -27,532 -12.2%
100 APO 0.18% 54,733 $8M $141.87 $2M +11,078 +25.4%

Options Breakdown

0 Calls $0 Call Value 4 Puts $10M Put Value

Top Puts

SymbolSharesValueStatus
NVDA 49,900 $8M
COST 1,500 $1M
AAPL 1,400 $287K
AMZN 1,300 $285K

New Positions

SymbolValue% Port
CPNG $3M 0.07%
LOAR $3M 0.07%
JMOM $1M 0.03%
CRVS $672K 0.02%
NYF $500K 0.01%
IDEV $405K 0.01%
RELX $371K 0.01%
BJRI $358K 0.01%
IRM $349K 0.01%
CCJ $338K 0.01%
JD $335K 0.01%
CRWV $334K 0.01%
CNI $331K 0.01%
MFC $323K 0.01%
WY $323K 0.01%

Sold Out Positions

SymbolValue% Port
EXPD —%
EMN —%
OC —%
CVS —%
SHV —%
ICE —%
ATO —%
ETB —%
VST —%
SCI —%
ESS —%
LEN —%
O —%
PPL —%
HL —%
View SEC EDGAR Filings for Empirical Financial Services, LLC d.b.a. Empirical Wealth Management →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms