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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

Q3 2025 · Filed 2025-11-10
Market Value
$5.0B
+12.4%
Holdings
830
+107
New Purchases
154
Added To
390
Closed
48
Reduced
184
Top 10 Concentration
36.7%
Turnover
24.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 5.64% 3.94% +1.71% $280M
AAPL 3.09% 2.75% +0.34% $154M
GOOG 0.78% 0.57% +0.21% $39M
PWR 0.21% 0.01% +0.21% $11M
VTI 0.59% 0.43% +0.15% $29M
WDC 0.13% 0.00% +0.13% $7M
LRCX 0.19% 0.05% +0.13% $9M
AMZN 1.18% 1.06% +0.12% $58M
AZO 0.22% 0.12% +0.10% $11M
ETN 0.16% 0.06% +0.10% $8M
ORLY 0.10% 0.01% +0.09% $5M
TSLA 0.59% 0.50% +0.09% $29M
LPLA 0.09% 0.00% +0.09% $5M
GOOGL 0.39% 0.30% +0.08% $19M
GRMN 0.08% 0.00% +0.08% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VCSH 3.76% 4.07% -0.30% $187M
MTUM 5.33% 5.62% -0.29% $264M
COST 0.43% 0.70% -0.27% $21M
VTIP 4.39% 4.65% -0.26% $218M
TXN 0.19% 0.43% -0.24% $10M
EMR 0.01% 0.23% -0.22% $490K
PYPL 0.03% 0.21% -0.18% $1M
VCIT 2.24% 2.42% -0.18% $111M
FI 0.10% 0.27% -0.17% $5M
ADI 0.20% 0.36% -0.16% $10M
HPQ 0.06% 0.22% -0.16% $3M
IQLT 3.11% 3.26% -0.15% $154M
APO 0.02% 0.18% -0.15% $1M
PM 0.29% 0.45% -0.15% $15M
WMT 0.36% 0.50% -0.14% $18M

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 $1.5B 29.3%
Large Cap 480 $3.0B 60.2%
Mid Cap 162 $349M 7.0%
Small Cap 97 $148M 3.0%
Micro Cap 15 $22M 0.5%

Portfolio Analytics

Avg Market Cap
$109.1B
Median Market Cap
$24.6B
Avg P/E
32.6
Median P/E
22.2
Avg Dividend Yield
0.02%
Avg Beta
0.95
# Stocks
577
# ETFs / Funds
253

Top Holdings (830 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 5.64% 1,500,493 $280M $186.58 $106M +401,415 +36.5%
2 MTUM 5.33% 1,030,720 $264M $256.45 $16M -555 -0.1%
3 VTIP 4.39% 4,300,563 $218M $50.63 $12M +216,471 +5.3%
4 QUAL 3.87% 985,960 $192M $194.50 $18M +35,778 +3.8%
5 VCSH 3.76% 2,336,613 $187M $79.93 $7M +80,235 +3.6%
6 IQLT 3.11% 3,487,855 $154M $44.19 $10M +159,282 +4.8%
7 AAPL 3.09% 602,915 $154M $254.63 $32M +10,436 +1.8%
8 DFUV 2.60% 2,881,660 $129M $44.69 $13M +151,503 +5.5%
9 EFV 2.56% 1,871,231 $127M $67.83 $11M +52,405 +2.9%
10 MSFT 2.37% 227,352 $118M $517.95 $14M +18,845 +9.0%
11 IEMG 2.35% 1,766,844 $116M $65.92 $11M +8,550 +0.5%
12 VCIT 2.24% 1,323,030 $111M $84.11 $4M +34,175 +2.6%
13 SJNK 1.71% 3,310,477 $85M $25.60 $5M +165,326 +5.3%
14 DFIV 1.71% 1,834,355 $85M $46.12 $6M +9,911 +0.5%
15 META 1.55% 104,570 $77M $734.38 $10M +14,741 +16.4%
16 VTV 1.30% 346,440 $65M $186.49 $3M -3,547 -1.0%
17 SPY 1.30% 96,673 $64M $666.18 $4M -1,283 -1.3%
18 VGSH 1.24% 1,047,642 $62M $58.85 $2M +34,859 +3.4%
19 AMZN 1.18% 265,964 $58M $219.57 $12M +52,756 +24.7%
20 VEA 1.09% 898,707 $54M $59.92 $2M -11,691 -1.3%
21 AVDV 1.07% 594,022 $53M $89.03 $7M +15,479 +2.7%
22 DFAT 1.06% 906,255 $53M $58.21 $3M -16,224 -1.8%
23 GOOG 0.78% 158,167 $39M $243.55 $14M +17,557 +12.5%
24 VNQ 0.74% 402,241 $37M $91.42 $2M +15,172 +3.9%
25 AVUV 0.72% 361,072 $36M $99.53 $6M +31,114 +9.4%
26 SCHC 0.67% 728,102 $33M $45.51 $3M +29,248 +4.2%
27 VSS 0.62% 214,060 $31M $142.55 $2M -903 -0.4%
28 CSCO 0.61% 442,297 $30M $68.42 $432K +12,345 +2.9%
29 TSLA 0.59% 65,823 $29M $444.72 $7M -3,079 -4.5%
30 VTI 0.59% 88,766 $29M $328.17 $10M +25,715 +40.8%
31 AVGO 0.58% 87,771 $29M $329.91 $7M +6,752 +8.3%
32 SCHX 0.57% 1,075,445 $28M $26.34 $2M -15,007 -1.4%
33 DFAC 0.56% 716,143 $28M $38.57 $2M -9,013 -1.2%
34 VBR 0.56% 132,274 $28M $208.71 $2M -425 -0.3%
35 ESGD 0.53% 283,859 $26M $92.98 $1M +995 +0.3%
36 DUHP 0.52% 688,403 $26M $37.77 $791K -20,543 -2.9%
37 SCHF 0.50% 1,057,450 $25M $23.28 $3M +101,647 +10.6%
38 SCHE 0.49% 721,565 $24M $33.37 $4M +58,908 +8.9%
39 JPM 0.48% 75,686 $24M $315.43 $4M +7,281 +10.6%
40 DFAS 0.44% 322,275 $22M $68.46 $2M +4,578 +1.4%
41 IWC 0.44% 145,805 $22M $149.09 $3M -639 -0.4%
42 MO 0.43% 325,933 $22M $66.07 $3M +3,482 +1.1%
43 COST 0.43% 23,197 $21M $925.61 -$10M -8,120 -25.9%
44 FPE 0.41% 1,121,163 $20M $18.24 $557K +3,574 +0.3%
45 MGC 0.41% 83,092 $20M $244.09 $4M +10,383 +14.3%
46 VFMO 0.40% 103,917 $20M $191.60 $1M -3,601 -3.4%
47 MGK 0.39% 48,651 $20M $402.42 $4M +7,270 +17.6%
48 GOOGL 0.39% 79,218 $19M $243.10 $6M +2,863 +3.8%
49 VNQI 0.38% 389,705 $19M $47.74 $1M +15,500 +4.1%
50 EFG 0.37% 161,867 $18M $113.88 $3M +20,519 +14.5%
51 ADP 0.37% 62,230 $18M $293.50 -$3M -8,079 -11.5%
52 BRK-B 0.37% 36,271 $18M $502.74 $2M +2,543 +7.5%
53 STIP 0.36% 173,177 $18M $103.36 $10K -661 -0.4%
54 WMT 0.36% 173,644 $18M $103.06 -$4M -53,301 -23.5%
55 NULV 0.36% 402,502 $18M $43.83 $1M +15,739 +4.1%
56 BK 0.34% 155,519 $17M $108.96 $5M +22,890 +17.3%
57 VV 0.34% 54,378 $17M $307.86 $1M +910 +1.7%
58 FEM 0.33% 601,722 $16M $27.10 $1M -4,687 -0.8%
59 QQQ 0.33% 26,875 $16M $600.38 $4M +4,173 +18.4%
60 VWO 0.32% 294,229 $16M $54.18 $1M -1,283 -0.4%
61 OZ 0.32% 248,780 $16M $64.00 -$161K -2,475 -1.0%
62 ORCL 0.32% 56,148 $16M $281.24 $4M +314 +0.6%
63 VOO 0.32% 25,783 $16M $612.39 $3M +3,839 +17.5%
64 MGV 0.31% 113,170 $16M $137.74 $2M +12,507 +12.4%
65 IBM 0.31% 53,950 $15M $282.16 $933K +5,476 +11.3%
66 CMI 0.30% 35,272 $15M $422.37 $3M -590 -1.6%
67 PM 0.29% 90,156 $15M $162.20 -$5M -17,878 -16.6%
68 IVV 0.29% 21,565 $14M $669.31 $3M +2,722 +14.4%
69 HYMB 0.29% 576,876 $14M $24.93 $765K +27,367 +5.0%
70 VB 0.28% 55,597 $14M $254.29 $732K -969 -1.7%
71 NFLX 0.28% 11,570 $14M $1,198.96 -$409K +906 +8.5%
72 JNJ 0.27% 73,407 $14M $185.42 $4M +7,522 +11.4%
73 IJR 0.27% 111,945 $13M $118.83 $2M +10,185 +10.0%
74 EWX 0.27% 195,658 $13M $67.29 $1M +1,617 +0.8%
75 SCHA 0.26% 461,940 $13M $27.90 $1M +6,187 +1.4%
76 ESGE 0.25% 282,761 $12M $43.42 $1M -2,312 -0.8%
77 VOE 0.25% 69,632 $12M $174.58 $2M +7,068 +11.3%
78 ESML 0.24% 267,417 $12M $45.08 $1M +6,496 +2.5%
79 DELL 0.23% 82,158 $12M $141.77 $4M +20,976 +34.3%
80 SCHW 0.23% 120,223 $11M $95.47 $595K +950 +0.8%
81 V 0.23% 33,250 $11M $341.38 $358K +2,287 +7.4%
82 GLW 0.23% 138,058 $11M $82.03 $4M +374 +0.3%
83 SCHV 0.23% 386,984 $11M $29.11 $460K -3,524 -0.9%
84 LLY 0.22% 14,588 $11M $762.98 $414K +841 +6.1%
85 EBI 0.22% 201,298 $11M $54.85 $800K -1
86 T 0.22% 390,744 $11M $28.24 $1M +58,502 +17.6%
87 AZO 0.22% 2,499 $11M $4,290.24 $5M +1,086 +76.9%
88 XOM 0.22% 94,700 $11M $112.75 -$315K -7,271 -7.1%
89 PWR 0.21% 25,490 $11M $414.42 $10M +24,772 +3450.1%
90 VYM 0.21% 74,150 $10M $140.95 $347K -1,648 -2.2%
91 ADBE 0.21% 29,161 $10M $352.75 -$780K +557 +1.9%
92 VOT 0.21% 34,814 $10M $293.79 $1M +3,247 +10.3%
93 NUMV 0.21% 263,816 $10M $38.69 $974K +7,706 +3.0%
94 ADI 0.20% 40,612 $10M $245.70 -$6M -25,908 -39.0%
95 TXN 0.19% 51,774 $10M $183.73 -$9M -39,713 -43.4%
96 LRCX 0.19% 69,549 $9M $133.90 $7M +45,145 +185.0%
97 ESGU 0.19% 63,876 $9M $145.60 $584K -548 -0.8%
98 DWX 0.18% 214,407 $9M $42.70 $95K -548 -0.2%
99 PAYX 0.18% 69,172 $9M $126.76 -$2M -2,915 -4.0%
100 GILD 0.18% 78,494 $9M $111.00 $3M +26,882 +52.1%

Options Breakdown

0 Calls $0 Call Value 4 Puts $28M Put Value

Top Puts

SymbolSharesValueStatus
NVDA 144,400 $27M
AAPL 1,400 $356K
AMZN 1,300 $285K
COST $0 SOLD

New Positions

SymbolValue% Port
WDC $7M 0.13%
LPLA $5M 0.09%
GRMN $4M 0.08%
MPWR $4M 0.08%
CRH.L $3M 0.06%
AIG $2M 0.05%
NTCT $2M 0.04%
SMCI $2M 0.04%
CCL $1M 0.03%
PTCT $1M 0.03%
SCHR $1M 0.02%
CPRX $1M 0.02%
WRLD $948K 0.02%
NXT $863K 0.02%
SKYW $861K 0.02%

Sold Out Positions

SymbolValue% Port
BSM —%
SLVM —%
FOUR —%
CMG —%
AVY —%
DOLE —%
KEX —%
IRM —%
ACH —%
MLI —%
MLR —%
CCI —%
EBF —%
KNSL —%
STE —%
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