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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

Q1 2026 · Filed 2026-05-04
Market Value
$5.7B
+3.2%
Holdings
1,023
+49
New Purchases
141
Added To
532
Closed
51
Reduced
257
Top 10 Concentration
39.8%
Turnover
18.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DFMC 1.02% 0.00% +1.02% $59M
VCSH 3.78% 3.48% +0.30% $217M
IQLT 5.50% 5.26% +0.24% $316M
QGRW 0.95% 0.76% +0.19% $55M
DFUV 2.69% 2.56% +0.13% $155M
EFV 2.60% 2.47% +0.13% $149M
VTIP 4.25% 4.14% +0.12% $244M
PG 0.16% 0.08% +0.09% $9M
XOM 0.29% 0.20% +0.09% $16M
CVX 0.22% 0.15% +0.08% $13M
AVUV 0.80% 0.72% +0.07% $46M
LRCX 0.28% 0.21% +0.07% $16M
JNJ 0.38% 0.31% +0.07% $22M
NVDA 5.94% 5.88% +0.07% $341M
T 0.26% 0.19% +0.07% $15M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SJNK 0.65% 1.60% -0.96% $37M
MSFT 1.42% 2.00% -0.57% $82M
QUAL 5.90% 6.30% -0.40% $339M
MTUM 4.01% 4.38% -0.37% $230M
AAPL 2.71% 3.03% -0.32% $155M
META 1.05% 1.27% -0.21% $61M
AMZN 1.07% 1.22% -0.15% $62M
HYMB 0.14% 0.26% -0.13% $8M
TSLA 0.51% 0.63% -0.12% $29M
SPY 1.09% 1.21% -0.12% $63M
ADBE 0.09% 0.18% -0.09% $5M
SCHX 0.47% 0.55% -0.08% $27M
OZ 0.23% 0.29% -0.06% $13M
ORCL 0.14% 0.20% -0.06% $8M
VCIT 2.00% 2.06% -0.06% $115M

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 77 $1.6B 27.1%
Large Cap 620 $3.5B 61.8%
Mid Cap 213 $394M 6.9%
Small Cap 99 $164M 2.9%
Micro Cap 14 $79M 1.4%

Portfolio Analytics

Avg Market Cap
$93.9B
Median Market Cap
$21.9B
Avg P/E
31.3
Median P/E
21.9
Avg Dividend Yield
0.02%
Avg Beta
0.95
# Stocks
758
# ETFs / Funds
265

Top Holdings (1,023 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 5.94% 1,957,352 $341M $174.40 $14M +203,971 +11.6%
2 QUAL 5.90% 1,766,694 $339M $191.81 -$12M +2,269 +0.1%
3 IQLT 5.50% 6,839,909 $316M $46.23 $23M +395,337 +6.1%
4 VTIP 4.25% 4,890,809 $244M $49.95 $14M +237,357 +5.1%
5 MTUM 4.01% 960,399 $230M $239.99 -$13M -13,778 -1.4%
6 VCSH 3.78% 2,738,923 $217M $79.27 $23M +309,827 +12.8%
7 AAPL 2.71% 612,419 $155M $253.79 -$13M -7,927 -1.3%
8 DFUV 2.69% 3,194,495 $155M $48.46 $12M +136,247 +4.5%
9 EFV 2.60% 2,009,214 $149M $74.35 $12M +80,474 +4.2%
10 IEMG 2.41% 1,984,690 $138M $69.75 $8M +42,946 +2.2%
11 VCIT 2.00% 1,391,592 $115M $82.75 $361K +20,924 +1.5%
12 DFIV 1.64% 1,785,481 $94M $52.78 $4M -22,311 -1.2%
13 MSFT 1.42% 220,717 $82M $370.17 -$29M -8,886 -3.9%
14 VGSH 1.17% 1,150,169 $67M $58.54 $2M +43,422 +3.9%
15 VTV 1.16% 340,165 $67M $196.20 $1M -2,237 -0.7%
16 AVDV 1.10% 630,579 $63M $99.86 $5M +18,165 +3.0%
17 SPY 1.09% 96,441 $63M $650.34 -$5M -2,247 -2.3%
18 AMZN 1.07% 295,610 $62M $208.27 -$7M +532 +0.2%
19 META 1.05% 105,894 $61M $572.13 -$10M -1,048 -1.0%
20 DFMC 1.02% 1,154,128 $59M $50.86 +1,154,128 NEW
21 VEA 1.00% 898,925 $58M $64.08 $819K -10,064 -1.1%
22 DFAT 0.99% 914,073 $57M $62.45 $2M -4,312 -0.5%
23 QGRW 0.95% 1,021,046 $55M $53.43 $12M +297,582 +41.1%
24 GOOG 0.85% 170,449 $49M $286.86 $1M +19,016 +12.6%
25 AVUV 0.80% 414,659 $46M $110.47 $6M +19,890 +5.0%
26 VNQ 0.70% 455,462 $40M $88.70 $2M +26,158 +6.1%
27 SCHC 0.70% 857,100 $40M $46.74 $5M +79,946 +10.3%
28 SJNK 0.65% 1,487,531 $37M $24.98 -$52M -2,034,773 -57.8%
29 CSCO 0.64% 475,778 $37M $77.59 $1M +11,834 +2.5%
30 AVGO 0.53% 98,751 $31M $309.51 -$2M +4,458 +4.7%
31 VSS 0.52% 206,351 $30M $145.79 -$204K -4,966 -2.4%
32 TSLA 0.51% 78,722 $29M $371.75 -$6M +975 +1.2%
33 SCHF 0.49% 1,132,786 $28M $24.75 $335K -19,520 -1.7%
34 VBR 0.49% 128,493 $28M $217.25 $180K -2,461 -1.9%
35 DFAC 0.48% 710,928 $28M $38.86 -$694K -4,428 -0.6%
36 SCHX 0.47% 1,052,984 $27M $25.64 -$3M -77,549 -6.9%
37 ESGD 0.47% 281,817 $27M $95.62 $125K -261 -0.1%
38 JPM 0.44% 86,802 $26M $294.16 -$695K +5,403 +6.6%
39 DUHP 0.43% 678,278 $25M $36.76 -$534K +8,622 +1.3%
40 VTI 0.43% 77,227 $25M $320.81 -$2M -3,232 -4.0%
41 GOOGL 0.42% 84,338 $24M $287.56 $38K +6,978 +9.0%
42 MO 0.41% 359,259 $24M $66.00 $4M +14,588 +4.2%
43 DFAS 0.39% 317,343 $23M $71.13 $20K -6,357 -2.0%
44 IWC 0.39% 140,664 $22M $159.61 -$575K -5,352 -3.7%
45 FPE 0.38% 1,239,522 $22M $17.75 $359K +51,664 +4.3%
46 WMT 0.38% 176,267 $22M $124.28 $2M -287 -0.2%
47 JNJ 0.38% 89,256 $22M $244.44 $4M +5,253 +6.2%
48 VFMO 0.37% 109,211 $22M $197.10 $1M +3,090 +2.9%
49 COST 0.37% 21,521 $21M $996.43 $2M -828 -3.7%
50 MGC 0.37% 89,419 $21M $236.35 -$406K +3,661 +4.3%
51 BK 0.36% 173,975 $21M $118.63 $2M +11,004 +6.8%
52 VNQI 0.35% 453,233 $20M $44.45 $968K +34,852 +8.3%
53 MGK 0.33% 52,217 $19M $367.44 -$1M +2,641 +5.3%
54 EFG 0.33% 172,116 $19M $111.37 $586K +8,998 +5.5%
55 FEM 0.32% 617,179 $18M $29.95 $2M +11,746 +1.9%
56 CMI 0.32% 34,118 $18M $538.02 $920K -40 -0.1%
57 NULV 0.32% 401,443 $18M $45.50 -$171K -7,804 -1.9%
58 BRK-B 0.31% 37,692 $18M $479.20 -$864K +39 +0.1%
59 STIP 0.31% 170,271 $18M $103.43 -$187K -3,559 -2.0%
60 MGV 0.31% 121,428 $18M $144.95 $872K +2,916 +2.5%
61 VV 0.29% 55,294 $17M $298.85 -$237K +2,048 +3.9%
62 XOM 0.29% 96,976 $16M $169.66 $5M +4,863 +5.3%
63 IJR 0.28% 131,622 $16M $124.31 $1M +5,214 +4.1%
64 QQQ 0.28% 28,152 $16M $577.17 -$1000K +74 +0.3%
65 LRCX 0.28% 75,637 $16M $213.66 $5M +7,861 +11.6%
66 VOO 0.28% 26,894 $16M $597.56 -$489K +489 +1.9%
67 VWO 0.28% 292,524 $16M $54.05 $77K -142 -0.1%
68 PM 0.26% 90,971 $15M $165.35 $988K +3,356 +3.8%
69 LLY 0.26% 16,309 $15M $919.75 -$990K +1,430 +9.6%
70 T 0.26% 516,511 $15M $28.99 $4M +81,487 +18.7%
71 SCHE 0.26% 450,361 $15M $32.95 -$464K -16,918 -3.6%
72 IVV 0.25% 22,371 $15M $653.21 -$205K +737 +3.4%
73 GLW 0.25% 104,000 $14M $135.97 $2M -29,676 -22.2%
74 DELL 0.25% 85,872 $14M $164.13 $4M +2,420 +2.9%
75 PWR 0.24% 25,574 $14M $549.02 $3M -910 -3.4%
76 VB 0.24% 53,331 $14M $261.92 $110K -394 -0.7%
77 IBM 0.24% 57,052 $14M $242.39 -$2M +3,254 +6.0%
78 OZ 0.23% 246,631 $13M $53.20 -$3M -1,450 -0.6%
79 VOE 0.23% 70,773 $13M $184.28 $626K +770 +1.1%
80 CVX 0.22% 62,155 $13M $206.90 $5M +8,211 +15.2%
81 SCHA 0.22% 429,202 $12M $29.08 -$2M -84,193 -16.4%
82 ESML 0.21% 262,528 $12M $47.02 $32K -5,244 -2.0%
83 ESGE 0.21% 271,331 $12M $45.47 $62K -6,572 -2.4%
84 WDC 0.21% 44,864 $12M $270.49 $4M -3,597 -7.4%
85 GILD 0.21% 85,969 $12M $139.37 $2M +1,485 +1.8%
86 NFLX 0.21% 123,240 $12M $96.15 $1M +11,227 +10.0%
87 EWX 0.20% 177,987 $12M $66.12 -$252K -5,091 -2.8%
88 CAT 0.20% 16,237 $12M $708.44 $2M -562 -3.4%
89 SCHV 0.20% 373,616 $11M $30.50 $33K -10,131 -2.6%
90 AMD 0.20% 55,543 $11M $203.43 -$504K +431 +0.8%
91 MU 0.19% 32,405 $11M $337.84 $2M +2,784 +9.4%
92 SCHW 0.19% 116,301 $11M $93.98 -$1M -3,234 -2.7%
93 VYM 0.19% 73,375 $11M $148.10 $251K -595 -0.8%
94 EBI 0.19% 187,741 $11M $57.86 -$363K -10,658 -5.4%
95 ADI 0.19% 34,066 $11M $318.14 $1M -1,403 -4.0%
96 V 0.19% 35,611 $11M $302.24 -$2M +159 +0.5%
97 NUMV 0.18% 267,291 $10M $38.77 -$267K -4,571 -1.7%
98 ADP 0.18% 50,923 $10M $203.19 -$3M +547 +1.1%
99 TJX 0.18% 64,483 $10M $159.70 $1M +4,697 +7.9%
100 DWX 0.17% 220,321 $10M $45.60 $517K +3,402 +1.6%

Options Breakdown

9 Calls $612K Call Value 5 Puts $30M Put Value 49.1 P/C Ratio

Top Calls

SymbolSharesValueStatus
SLV 4,000 $273K NEW
SPY 300 $195K NEW
AMAT 100 $34K NEW
TSM 100 $34K NEW
T 1,000 $29K NEW
ADP 100 $20K NEW
NVDA 100 $17K NEW
SCHW 100 $9K NEW
AAON $0 SOLD

Top Puts

SymbolSharesValueStatus
NVDA 167,400 $29M
AVGO 1,500 $464K
XOM 1,800 $305K NEW
TSLA 200 $74K NEW
AAPL $0 SOLD

New Positions

SymbolValue% Port
DFMC $59M 1.02%
RELY $2M 0.04%
JKHY $1M 0.02%
IDCC $784K 0.01%
AZN $737K 0.01%
MTCH $689K 0.01%
TOL $677K 0.01%
PTC $659K 0.01%
RF $630K 0.01%
BKLN $578K 0.01%
GWRE $553K 0.01%
VMI $544K 0.01%
CUZ $538K 0.01%
RNG $503K 0.01%
ZBH $502K 0.01%

Sold Out Positions

SymbolValue% Port
AN —%
SE —%
ICE —%
AYI —%
W —%
APO —%
EXG —%
MCO —%
SLB —%
JBTM —%
RPM —%
AER —%
URI —%
HEI —%
THC —%
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