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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

Q4 2025 · Filed 2026-01-16
Market Value
$5.6B
+12.2%
Holdings
974
+144
New Purchases
192
Added To
393
Closed
92
Reduced
248
Top 10 Concentration
39.8%
Turnover
29.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
QUAL 6.30% 3.87% +2.43% $350M
IQLT 5.26% 3.11% +2.16% $293M
QGRW 0.76% 0.01% +0.76% $42M
NVDA 5.88% 5.64% +0.23% $327M
KAT 0.12% 0.00% +0.12% $7M
AMD 0.21% 0.11% +0.10% $12M
GOOG 0.85% 0.78% +0.08% $48M
LLY 0.29% 0.22% +0.06% $16M
BSCW 0.06% 0.00% +0.06% $3M
MU 0.15% 0.10% +0.05% $8M
GOOGL 0.44% 0.39% +0.05% $24M
AMZN 1.22% 1.18% +0.05% $68M
INTC 0.09% 0.05% +0.04% $5M
TSLA 0.63% 0.59% +0.04% $35M
JNJ 0.31% 0.27% +0.04% $17M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MTUM 4.38% 5.33% -0.95% $244M
MSFT 2.00% 2.37% -0.38% $111M
VCSH 3.48% 3.76% -0.28% $194M
META 1.27% 1.55% -0.28% $71M
VTIP 4.14% 4.39% -0.25% $230M
SCHE 0.27% 0.49% -0.21% $15M
VCIT 2.06% 2.24% -0.18% $115M
ADP 0.23% 0.37% -0.14% $13M
VTV 1.18% 1.30% -0.13% $65M
ORCL 0.20% 0.32% -0.12% $11M
SJNK 1.60% 1.71% -0.11% $89M
VTI 0.48% 0.59% -0.10% $27M
NFLX 0.19% 0.28% -0.09% $11M
SPY 1.21% 1.30% -0.09% $67M
COST 0.35% 0.43% -0.09% $19M

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 78 $1.6B 28.4%
Large Cap 582 $3.4B 60.9%
Mid Cap 201 $410M 7.4%
Small Cap 100 $163M 2.9%
Micro Cap 13 $23M 0.4%

Portfolio Analytics

Avg Market Cap
$97.5B
Median Market Cap
$23.0B
Avg P/E
31.7
Median P/E
21.7
Avg Dividend Yield
0.02%
Avg Beta
0.94
# Stocks
712
# ETFs / Funds
262

Top Holdings (974 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 QUAL 6.30% 1,764,425 $350M $198.62 $159M +778,465 +79.0%
2 NVDA 5.88% 1,753,381 $327M $186.50 $47M +252,888 +16.9%
3 IQLT 5.26% 6,444,572 $293M $45.45 $139M +2,956,717 +84.8%
4 MTUM 4.38% 974,177 $244M $250.31 -$20M -56,543 -5.5%
5 VTIP 4.14% 4,653,452 $230M $49.46 $12M +352,889 +8.2%
6 VCSH 3.48% 2,429,096 $194M $79.73 $7M +92,483 +4.0%
7 AAPL 3.03% 620,346 $169M $271.86 $15M +17,431 +2.9%
8 DFUV 2.56% 3,058,248 $142M $46.59 $14M +176,588 +6.1%
9 EFV 2.47% 1,928,740 $138M $71.41 $11M +57,509 +3.1%
10 IEMG 2.35% 1,941,744 $131M $67.22 $14M +174,900 +9.9%
11 VCIT 2.06% 1,370,668 $115M $83.75 $4M +47,638 +3.6%
12 MSFT 2.00% 229,603 $111M $483.62 -$7M +2,251 +1.0%
13 DFIV 1.62% 1,807,792 $90M $49.90 $6M -26,563 -1.4%
14 SJNK 1.60% 3,522,304 $89M $25.32 $4M +211,827 +6.4%
15 META 1.27% 106,942 $71M $660.09 -$6M +2,372 +2.3%
16 AMZN 1.22% 295,078 $68M $230.82 $10M +29,114 +10.9%
17 SPY 1.21% 98,688 $67M $681.92 $3M +2,015 +2.1%
18 VTV 1.18% 342,402 $65M $190.99 $788K -4,038 -1.2%
19 VGSH 1.17% 1,106,747 $65M $58.73 $3M +59,105 +5.6%
20 AVDV 1.03% 612,414 $58M $93.97 $5M +18,392 +3.1%
21 VEA 1.02% 908,989 $57M $62.47 $3M +10,282 +1.1%
22 DFAT 0.98% 918,385 $55M $59.54 $2M +12,130 +1.3%
23 GOOG 0.85% 151,433 $48M $313.80 $9M -6,734 -4.3%
24 QGRW 0.76% 723,464 $42M $58.67 $42M +718,849 +15576.4%
25 AVUV 0.72% 394,769 $40M $101.98 $4M +33,697 +9.3%
26 VNQ 0.68% 429,304 $38M $88.49 $1M +27,063 +6.7%
27 CSCO 0.64% 463,944 $36M $77.03 $5M +21,647 +4.9%
28 SCHC 0.64% 777,154 $35M $45.53 $2M +49,052 +6.7%
29 TSLA 0.63% 77,747 $35M $449.72 $6M +11,924 +18.1%
30 AVGO 0.59% 94,293 $33M $346.10 $4M +6,522 +7.4%
31 SCHX 0.55% 1,130,533 $30M $26.91 $2M +55,088 +5.1%
32 VSS 0.54% 211,317 $30M $143.33 -$226K -2,743 -1.3%
33 DFAC 0.51% 715,356 $28M $39.59 $699K -787 -0.1%
34 VBR 0.50% 130,954 $28M $211.79 $128K -1,320 -1.0%
35 SCHF 0.50% 1,152,306 $28M $24.04 $3M +94,856 +9.0%
36 VTI 0.48% 80,459 $27M $335.27 -$2M -8,307 -9.4%
37 ESGD 0.48% 282,078 $27M $95.09 $430K -1,781 -0.6%
38 JPM 0.47% 81,399 $26M $322.22 $2M +5,713 +7.5%
39 DUHP 0.46% 669,656 $25M $38.03 -$534K -18,747 -2.7%
40 GOOGL 0.44% 77,360 $24M $313.00 $5M -1,858 -2.4%
41 IWC 0.41% 146,016 $23M $157.70 $1M +211 +0.1%
42 DFAS 0.41% 323,700 $23M $69.67 $489K +1,425 +0.4%
43 FPE 0.39% 1,187,858 $22M $18.22 $1M +66,695 +6.0%
44 MGC 0.39% 85,758 $22M $251.17 $1M +2,666 +3.2%
45 MGK 0.37% 49,576 $20M $412.77 $885K +925 +1.9%
46 VFMO 0.36% 106,121 $20M $191.25 $385K +2,204 +2.1%
47 MO 0.36% 344,671 $20M $57.67 -$2M +18,738 +5.8%
48 WMT 0.35% 176,554 $20M $111.41 $2M +2,910 +1.7%
49 COST 0.35% 22,349 $19M $862.33 -$2M -848 -3.7%
50 VNQI 0.34% 418,381 $19M $45.84 $574K +28,676 +7.4%
51 BRK-B 0.34% 37,653 $19M $502.65 $691K +1,382 +3.8%
52 BK 0.34% 162,971 $19M $116.09 $2M +7,452 +4.8%
53 EFG 0.33% 163,118 $19M $113.92 $149K +1,251 +0.8%
54 NULV 0.33% 409,247 $18M $45.05 $796K +6,745 +1.7%
55 STIP 0.32% 173,830 $18M $102.39 -$101K +653 +0.4%
56 CMI 0.31% 34,158 $17M $510.44 $3M -1,114 -3.2%
57 JNJ 0.31% 84,003 $17M $206.95 $4M +10,596 +14.4%
58 QQQ 0.31% 28,078 $17M $614.30 $1M +1,203 +4.5%
59 VV 0.30% 53,246 $17M $314.80 $21K -1,132 -2.1%
60 MGV 0.30% 118,512 $17M $141.16 $1M +5,342 +4.7%
61 VOO 0.30% 26,405 $17M $627.13 $770K +622 +2.4%
62 FEM 0.30% 605,433 $17M $27.35 $252K +3,711 +0.6%
63 OZ 0.29% 248,081 $16M $65.03 $211K -699 -0.3%
64 LLY 0.29% 14,879 $16M $1,074.66 $5M +291 +2.0%
65 IBM 0.29% 53,798 $16M $296.21 $713K -152 -0.3%
66 VWO 0.28% 292,666 $16M $53.76 -$208K -1,563 -0.5%
67 SCHE 0.27% 467,279 $15M $32.75 -$9M -254,286 -35.2%
68 IJR 0.27% 126,408 $15M $120.18 $2M +14,463 +12.9%
69 IVV 0.27% 21,634 $15M $684.93 $384K +69 +0.3%
70 SCHA 0.26% 513,395 $15M $28.48 $2M +51,455 +11.1%
71 HYMB 0.26% 585,312 $15M $24.94 $216K +8,436 +1.5%
72 PM 0.25% 87,615 $14M $160.41 -$569K -2,541 -2.8%
73 VB 0.25% 53,725 $14M $257.95 -$279K -1,872 -3.4%
74 ADP 0.23% 50,376 $13M $257.23 -$5M -11,854 -19.1%
75 V 0.22% 35,452 $12M $350.72 $1M +2,202 +6.6%
76 VOE 0.22% 70,003 $12M $177.37 $260K +371 +0.5%
77 ESML 0.22% 267,772 $12M $45.98 $257K +355 +0.1%
78 ESGE 0.22% 277,903 $12M $44.17 -$3K -4,858 -1.7%
79 EWX 0.22% 183,078 $12M $65.66 -$1M -12,580 -6.4%
80 SCHW 0.21% 119,535 $12M $99.91 $465K -688 -0.6%
81 AMD 0.21% 55,112 $12M $214.16 $6M +21,488 +63.9%
82 GLW 0.21% 133,676 $12M $87.56 $380K -4,382 -3.2%
83 LRCX 0.21% 67,776 $12M $171.18 $2M -1,773 -2.5%
84 SCHV 0.20% 383,747 $11M $29.61 $98K -3,237 -0.8%
85 EBI 0.20% 198,399 $11M $56.58 $184K -2,899 -1.4%
86 PWR 0.20% 26,484 $11M $422.06 $614K +994 +3.9%
87 XOM 0.20% 92,113 $11M $120.34 $407K -2,587 -2.7%
88 ORCL 0.20% 56,553 $11M $194.91 -$5M +405 +0.7%
89 T 0.19% 435,024 $11M $24.84 -$229K +44,280 +11.3%
90 NUMV 0.19% 271,862 $11M $39.10 $423K +8,046 +3.0%
91 VYM 0.19% 73,970 $11M $143.52 $165K -180 -0.2%
92 DELL 0.19% 83,452 $11M $125.88 -$1M +1,294 +1.6%
93 NFLX 0.19% 112,013 $11M $93.76 -$3M +100,443 +868.1%
94 GILD 0.19% 84,484 $10M $122.74 $2M +5,990 +7.6%
95 VOT 0.18% 35,940 $10M $279.14 -$196K +1,126 +3.2%
96 ADBE 0.18% 28,148 $10M $349.99 -$435K -1,013 -3.5%
97 CAT 0.17% 16,799 $10M $572.89 $3M +2,443 +17.0%
98 ADI 0.17% 35,469 $10M $271.20 -$359K -5,143 -12.7%
99 DWX 0.17% 216,919 $10M $43.94 $375K +2,512 +1.2%
100 ESGU 0.17% 62,473 $9M $148.98 $7K -1,403 -2.2%

Options Breakdown

1 Calls $229K Call Value 4 Puts $39M Put Value 171.82 P/C Ratio

Top Calls

SymbolSharesValueStatus
AAON 3,000 $229K NEW

Top Puts

SymbolSharesValueStatus
NVDA 206,500 $39M
AVGO 1,500 $519K NEW
AAPL 1,000 $272K
AMZN $0 SOLD

New Positions

SymbolValue% Port
KAT $7M 0.12%
BSCW $3M 0.06%
AKRE $2M 0.03%
KEYS $2M 0.03%
AVA $1M 0.02%
BND $1M 0.02%
PLAB $749K 0.01%
BSJV $747K 0.01%
INSW $709K 0.01%
TNK $708K 0.01%
SYF $663K 0.01%
ES $622K 0.01%
CCK $618K 0.01%
BBVA $616K 0.01%
AME $589K 0.01%

Sold Out Positions

SymbolValue% Port
TMHC —%
LYV —%
OC —%
WY —%
VEEV —%
RELX —%
AON —%
HII —%
SPOT —%
BLDR —%
EHC —%
AJG —%
DRI —%
HSY —%
MHK —%
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