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

Seattle, WA · CIK 1510434 · 13F filing filed 2026-07-15

SEC-registered investment adviser since 2011 · limited liability company

Assets managed$8.4bn
Staff94 · 57 in investment roles
Main clients (by assets)High net worth individuals 95%, Individuals 3%, Companies 2%
Private funds1 · $16.4m gross assets
Form ADV · 2026-07-29SEC adviser record

$6.8bn reported value +18.6% vs Q1 2026

1,046positions

39.5%in top 10

118 new 572 added 295 reduced 56 sold out vs Q1 2026

Options: 10 call positions ($1.2m notional), 6 put positions ($27.3m notional) – listed below, not included above.

This report includes the holdings of 2 other managers that share the investment decisions:

Brooklyn Investment Group – no 13F of its own this quarter
Quantinno Capital Management – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	2,060,394	$412.3m6.04%	6.04%	Added +103.0k	+103,042 5.3%
2	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	1,794,452	$393.8m5.77%	5.77%	Added +27.8k	+27,758 1.6%
3	ISHARES TR MSCI INTL QUALTY IQLT	IQLT	7,891,119	$391.0m5.73%	5.73%	Added +1.1m	+1,051,210 15.4%
4	ISHARES TR MSCI USA MMENTM MTUM	MTUM	931,613	$319.4m4.68%	4.68%	Reduced -28.8k	-28,786 -3.0%
5	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	5,146,018	$258.5m3.79%	3.79%	Added +255.2k	+255,209 5.2%
6	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	2,877,812	$227.4m3.33%	3.33%	Added +138.9k	+138,889 5.1%
7	DIMENSIONAL ETF TRUST US MKTWIDE VALUE DFUV	DFUV	3,355,094	$184.6m2.70%	2.70%	Added +160.6k	+160,599 5.0%
8	APPLE INC COM AAPL	AAPL	620,743	$179.6m2.63%	2.63%	Added +8.3k	+8,324 1.4%
9	ISHARES INC CORE MSCI EMKT IEMG	IEMG	2,028,593	$168.0m2.46%	2.46%	Added +43.9k	+43,903 2.2%
10	ISHARES TR EAFE VALUE ETF EFV	EFV	2,134,694	$163.4m2.39%	2.39%	Added +125.5k	+125,480 6.2%
11	VANGUARD SCOTTSDALE FDS INT-TERM CORP VCIT	VCIT	1,454,830	$120.2m1.76%	1.76%	Added +63.2k	+63,238 4.5%
12	DIMENSIONAL ETF TRUST INTERNATNAL VAL DFIV	DFIV	1,835,877	$99.2m1.45%	1.45%	Added +50.4k	+50,396 2.8%
13	MICROSOFT CORP COM MSFT	MSFT	229,490	$85.6m1.25%	1.25%	Added +8.8k	+8,773 4.0%
14	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	103,930	$77.6m1.14%	1.14%	Added +7.5k	+7,489 7.8%
15	WISDOMTREE TR US QUALITY GROW QGRW	QGRW	1,160,231	$76.6m1.12%	1.12%	Added +139.2k	+139,185 13.6%
16	DFA INVT DIMENSIONS GROUP IN U.S. MIC CAP SHS DFMC	DFMC	1,238,052	$75.6m1.11%	1.11%	Added +83.9k	+83,924 7.3%
17	AMAZON COM INC COM AMZN	AMZN	313,948	$74.8m1.10%	1.10%	Added +18.3k	+18,338 6.2%
18	VANGUARD INDEX FDS VALUE ETF VTV	VTV	336,297	$73.3m1.07%	1.07%	Reduced -3.9k	-3,868 -1.1%
19	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	1,212,961	$70.6m1.03%	1.03%	Added +62.8k	+62,792 5.5%
20	AMERICAN CENTY ETF TR INTL SMCP VLU AVDV	AVDV	663,940	$68.4m1.00%	1.00%	Added +33.4k	+33,361 5.3%
21	ALPHABET INC CAP STK CL C GOOG	GOOG	184,231	$65.1m0.95%	0.95%	Added +13.8k	+13,782 8.1%
22	DIMENSIONAL ETF TRUST US TARGETED VLU DFAT	DFAT	922,732	$64.5m0.95%	0.95%	Added +8.7k	+8,659 0.9%
23	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	899,556	$64.1m0.94%	0.94%	Added +631	+631 0.1%
24	META PLATFORMS INC CL A META	META	109,412	$61.6m0.90%	0.90%	Added +3.5k	+3,518 3.3%
25	CISCO SYS INC COM CSCO	CSCO	481,100	$56.5m0.83%	0.83%	Added +5.3k	+5,322 1.1%
26	AMERICAN CENTY ETF TR US SML CP VALU AVUV	AVUV	444,573	$55.5m0.81%	0.81%	Added +29.9k	+29,914 7.2%
27	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	479,864	$46.3m0.68%	0.68%	Added +24.4k	+24,402 5.4%
28	SCHWAB STRATEGIC TR INTL SCEQT ETF SCHC	SCHC	951,415	$45.8m0.67%	0.67%	Added +94.3k	+94,315 11.0%
29	BROADCOM INC COM AVGO	AVGO	105,429	$39.8m0.58%	0.58%	Added +6.7k	+6,678 6.8%
30	MICRON TECHNOLOGY INC COM MU	MU	31,930	$36.9m0.54%	0.54%	Reduced -475	-475 -1.5%
31	TESLA INC COM TSLA	TSLA	85,663	$36.0m0.53%	0.53%	Added +6.9k	+6,941 8.8%
32	DELL TECHNOLOGIES INC CL C DELL	DELL	83,245	$35.9m0.53%	0.53%	Reduced -2.6k	-2,627 -3.1%
33	SCHWAB STRATEGIC TR INTL EQTY ETF SCHF	SCHF	1,243,692	$34.5m0.50%	0.50%	Added +110.9k	+110,906 9.8%
34	SPDR SER TR BLOOMBERG SHT TE SJNK	SJNK	1,314,467	$32.9m0.48%	0.48%	Reduced -173.1k	-173,064 -11.6%
35	LAM RESEARCH CORP COM NEW LRCX	LRCX	73,978	$32.1m0.47%	0.47%	Reduced -1.7k	-1,659 -2.2%
36	ALPHABET INC CAP STK CL A GOOGL	GOOGL	89,371	$31.9m0.47%	0.47%	Added +5.0k	+5,033 6.0%
37	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	86,300	$31.9m0.47%	0.47%	Added +9.1k	+9,073 11.8%
38	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	131,099	$31.9m0.47%	0.47%	Added +2.6k	+2,606 2.0%
39	VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF VSS	VSS	205,418	$31.7m0.46%	0.46%	Reduced -933	-933 -0.5%
40	DIMENSIONAL ETF TRUST US CORE EQUITY 2 DFAC	DFAC	705,804	$31.3m0.46%	0.46%	Reduced -5.1k	-5,124 -0.7%
41	ADVANCED MICRO DEVICES INC COM AMD	AMD	53,576	$31.1m0.46%	0.46%	Reduced -2.0k	-1,967 -3.5%
42	SCHWAB STRATEGIC TR US LRG CAP ETF SCHX	SCHX	1,053,827	$31.0m0.45%	0.45%	Added +843	+843 0.1%
43	JPMORGAN CHASE & CO COM JPM	JPM	90,555	$29.6m0.43%	0.43%	Added +3.8k	+3,753 4.3%
44	ISHARES TR ESG AW MSCI EAFE ESGD	ESGD	282,212	$29.0m0.43%	0.43%	Added +395	+395 0.1%
45	DIMENSIONAL ETF TRUST US HIGH PROFITAB US HIGH PROFITAB		691,936	$28.9m0.42%	0.42%	Added +13.7k	+13,658 2.0%
46	ISHARES TR MICRO-CAP ETF IWC	IWC	140,737	$28.2m0.41%	0.41%	Added +73	+73 0.1%
47	ALTRIA GROUP INC COM MO	MO	371,812	$26.8m0.39%	0.39%	Added +12.6k	+12,553 3.5%
48	VANGUARD WORLD FD MEGA CAP INDEX MGC	MGC	97,516	$26.7m0.39%	0.39%	Added +8.1k	+8,097 9.1%
49	DIMENSIONAL ETF TRUST US SMALL CAP ETF DFAS	DFAS	317,417	$26.1m0.38%	0.38%	Added +74	+74 0.0%
50	VANGUARD WELLINGTON FD US MOMENTUM VFMO	VFMO	104,019	$26.0m0.38%	0.38%	Reduced -5.2k	-5,192 -4.8%
51	BANK NEW YORK MELLON CORP COM BNY	BNY	179,269	$25.9m0.38%	0.38%	Added +5.3k	+5,294 3.0%
52	WESTERN DIGITAL CORP COM WDC	WDC	40,566	$25.9m0.38%	0.38%	Reduced -4.3k	-4,298 -9.6%
53	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	284,728	$25.0m0.37%	0.37%	Added +23.6k	+23,643 9.1%
54	CORNING INC COM GLW	GLW	95,162	$24.3m0.36%	0.36%	Reduced -8.8k	-8,838 -8.5%
55	CUMMINS INC COM CMI	CMI	33,334	$23.8m0.35%	0.35%	Reduced -784	-784 -2.3%
56	ISHARES TR EAFE GRWTH ETF EFG	EFG	189,907	$23.6m0.35%	0.35%	Added +17.8k	+17,791 10.3%
57	FIRST TR EXCH TRADED FD III PFD SECS INC ETF FPE	FPE	1,293,097	$23.1m0.34%	0.34%	Added +53.6k	+53,575 4.3%
58	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	31,215	$23.0m0.34%	0.34%	Added +3.1k	+3,063 10.9%
59	JOHNSON & JOHNSON COM JNJ	JNJ	90,031	$22.9m0.34%	0.34%	Added +775	+775 0.9%
60	VANGUARD INTL EQUITY INDEX F GLB EX US ETF VNQI	VNQI	500,022	$22.4m0.33%	0.33%	Added +46.8k	+46,789 10.3%
61	COSTCO WHSL CORP NEW COM COST	COST	23,649	$22.1m0.32%	0.32%	Added +2.1k	+2,128 9.9%
62	ISHARES TR CORE S&P SCP ETF IJR	IJR	144,071	$21.4m0.31%	0.31%	Added +12.4k	+12,449 9.5%
63	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	129,222	$21.1m0.31%	0.31%	Added +7.8k	+7,794 6.4%
64	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	41,899	$21.0m0.31%	0.31%	Added +4.2k	+4,207 11.2%
65	FIRST TR EXCH TRD ALPHDX FD EMERG MKT ALPH FEM	FEM	636,366	$20.4m0.30%	0.30%	Added +19.2k	+19,187 3.1%
66	ELI LILLY & CO COM LLY	LLY	16,956	$20.3m0.30%	0.30%	Added +647	+647 4.0%
67	NUSHARES ETF TR NUVEEN ESG LRGVL NULV	NULV	402,854	$20.1m0.30%	0.30%	Added +1.4k	+1,411 0.3%
68	WALMART INC COM WMT	WMT	177,246	$20.1m0.29%	0.29%	Added +979	+979 0.6%
69	APPLIED MATLS INC COM AMAT	AMAT	27,556	$19.9m0.29%	0.29%	Added +768	+768 2.9%
70	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	28,944	$19.9m0.29%	0.29%	Added +2.0k	+2,050 7.6%
71	VANGUARD INDEX FDS LARGE CAP ETF VV	VV	55,237	$19.0m0.28%	0.28%	Reduced -57	-57 -0.1%
72	QUANTA SVCS INC COM PWR	PWR	25,100	$18.1m0.26%	0.26%	Reduced -474	-474 -1.9%
73	ISHARES TR 0-5 YR TIPS ETF STIP	STIP	169,160	$17.3m0.25%	0.25%	Reduced -1.1k	-1,111 -0.7%
74	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	288,101	$17.2m0.25%	0.25%	Reduced -4.4k	-4,423 -1.5%
75	CATERPILLAR INC COM CAT	CAT	16,021	$17.1m0.25%	0.25%	Reduced -216	-216 -1.3%
76	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	60,158	$16.9m0.25%	0.25%	Added +3.1k	+3,106 5.4%
77	PHILIP MORRIS INTL INC COM PM	PM	93,226	$16.9m0.25%	0.25%	Added +2.3k	+2,255 2.5%
78	VANGUARD INDEX FDS SMALL CP ETF VB	VB	53,368	$16.2m0.24%	0.24%	Added +37	+37 0.1%
79	SCHWAB STRATEGIC TR EMRG MKTEQ ETF SCHE	SCHE	440,417	$16.0m0.23%	0.23%	Reduced -9.9k	-9,944 -2.2%
80	ISHARES TR CORE S&P500 ETF IVV	IVV	20,833	$15.6m0.23%	0.23%	Reduced -1.5k	-1,538 -6.9%
81	VANGUARD INDEX FDS MCAP VL IDXVIP VOE	VOE	76,209	$15.1m0.22%	0.22%	Added +5.4k	+5,436 7.7%
82	SCHWAB STRATEGIC TR US SML CAP ETF SCHA	SCHA	414,348	$15.0m0.22%	0.22%	Reduced -14.9k	-14,854 -3.5%
83	INTEL CORP COM INTC	INTC	105,510	$14.7m0.22%	0.22%	Reduced -6.6k	-6,573 -5.9%
84	ISHARES TR ESG AWARE MSCI ESML	ESML	260,272	$14.6m0.21%	0.21%	Reduced -2.3k	-2,256 -0.9%
85	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	64,290	$14.4m0.21%	0.21%	Added +13.4k	+13,367 26.2%
86	ISHARES INC ESG AWR MSCI EM ESGE	ESGE	262,736	$14.4m0.21%	0.21%	Reduced -8.6k	-8,595 -3.2%
87	SPDR INDEX SHS FDS S&P EMKTSC ETF EWX	EWX	182,808	$13.6m0.20%	0.20%	Added +4.8k	+4,821 2.7%
88	VISA INC COM CL A V	V	39,521	$13.6m0.20%	0.20%	Added +3.9k	+3,910 11.0%
89	EXXON MOBIL CORP COM XOM	XOM	97,608	$13.3m0.20%	0.20%	Added +632	+632 0.7%
90	ANALOG DEVICES INC COM ADI	ADI	33,242	$13.2m0.19%	0.19%	Reduced -824	-824 -2.4%
91	VANGUARD INDEX FDS MCAP GR IDXVIP VOT	VOT	42,929	$13.1m0.19%	0.19%	Added +4.1k	+4,127 10.6%
92	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	82,964	$13.1m0.19%	0.19%	Added +9.6k	+9,589 13.1%
93	SCHWAB STRATEGIC TR US LCAP VA ETF SCHV	SCHV	373,856	$13.0m0.19%	0.19%	Added +240	+240 0.1%
94	HEWLETT PACKARD ENTERPRISE C COM HPE	HPE	288,215	$13.0m0.19%	0.19%	Added +5.1k	+5,096 1.8%
95	RBB FUND TRUST LONGVIEW ADVANTG EBI	EBI	187,741	$12.2m0.18%	0.18%	Unchanged
96	TEXAS INSTRS INC COM TXN	TXN	39,444	$11.8m0.17%	0.17%	Reduced -1.6k	-1,569 -3.8%
97	NUSHARES ETF TR NUVEEN ESG MIDVL NUMV	NUMV	266,948	$11.6m0.17%	0.17%	Reduced -343	-343 -0.1%
98	SCHWAB CHARLES CORP COM SCHW	SCHW	125,674	$11.6m0.17%	0.17%	Added +9.4k	+9,373 8.1%
99	UNITED AIRLS HLDGS INC COM UAL	UAL	82,819	$11.3m0.17%	0.17%	Added +5.6k	+5,586 7.2%
100	ISHARES TR ESG AWR MSCI USA ESGU	ESGU	67,340	$11.0m0.16%	0.16%	Added +60	+60 0.1%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		4,674	$2.1m4.7k shares
CARNIVAL CORP		66,509	$1.7m66.5k shares
DUPONT DE NEMOURS INC DWDP	DWDP	7,448	$1.0m7.4k shares
INGREDION INC INGR	INGR	7,486	$843.4k7.5k shares
TIDAL ETF TR		14,860	$622.0k14.9k shares
SCHWAB STRATEGIC TR SCHR	SCHR	22,879	$569.9k22.9k shares
SPROTT PHYSICAL SILVER TR PSLV	PSLV	21,380	$521.5k21.4k shares
GRACO INC GGG	GGG	5,538	$468.8k5.5k shares
BOSTON BEER INC SAM	SAM	2,019	$465.2k2.0k shares
GAP INC GAP	GAP	17,547	$424.6k17.5k shares
GRAND CANYON ED INC LOPE	LOPE	2,384	$405.4k2.4k shares
THE TRADE DESK INC TTD	TTD	16,445	$373.1k16.4k shares
APA CORPORATION APA	APA	8,486	$360.1k8.5k shares
LISTED FDS TR MAGS	MAGS	5,870	$340.1k5.9k shares
VANGUARD SCOTTSDALE FDS VONE	VONE	1,080	$318.7k1.1k shares
EPAM SYS INC EPAM	EPAM	2,336	$316.3k2.3k shares
MGM RESORTS INTERNATIONAL MGM	MGM	8,350	$309.0k8.3k shares
ARMSTRONG WORLD INDS INC NEW AWI	AWI	1,860	$306.5k1.9k shares
MILLICOM INTL CELLULAR S A TIGO	TIGO	3,871	$290.1k3.9k shares
AMERICAN TOWER CORP NEW AMT	AMT	1,677	$289.4k1.7k shares
HF SINCLAIR CORP DINO	DINO	4,612	$287.7k4.6k shares
ALLEGION PLC ALLE	ALLE	1,893	$275.0k1.9k shares
CLOROX CO DEL CLX	CLX	2,602	$269.6k2.6k shares
AMERICA MOVIL SAB DE CV AMX	AMX	10,333	$263.3k10.3k shares
MUELLER INDS INC MLI	MLI	2,357	$261.2k2.4k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
NVIDIA CORPORATION NVDA · Put	NVDA	Put	116,300	$23.3m116.3k shares	Reduced
ISHARES TR IWM · Put	IWM	Put	10,000	$3.0m10.0k shares	New
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	800	$597.4k800 shares	Added
BROADCOM INC AVGO · Put	AVGO	Put	1,500	$566.6k1.5k shares	Unchanged
EXXON MOBIL CORP XOM · Put	XOM	Put	1,800	$246.1k1.8k shares	Unchanged
AMAZON COM INC AMZN · Put	AMZN	Put	1,000	$238.3k1.0k shares	New
APPLIED MATLS INC AMAT · Call	AMAT	Call	300	$216.9k300 shares	Added
MICRON TECHNOLOGY INC MU · Call	MU	Call	100	$115.4k100 shares	New
NETFLIX INC NFLX · Call	NFLX	Call	1,000	$71.4k1.0k shares	New
WESTERN DIGITAL CORP WDC · Call	WDC	Call	100	$63.9k100 shares	New
NVIDIA CORPORATION NVDA · Call	NVDA	Call	300	$60.0k300 shares	Added
TAIWAN SEMICONDUCTOR MFG LTD TSM · Call	TSM	Call	100	$47.8k100 shares	Unchanged
AUTOMATIC DATA PROCESSING IN ADP · Call	ADP	Call	100	$22.4k100 shares	Unchanged
NIKE INC NKE · Call	NKE	Call	400	$16.4k400 shares	New
NIKE INC NKE · Put	NKE	Put	400	$16.4k400 shares	New
SCHWAB CHARLES CORP SCHW · Call	SCHW	Call	100	$9.2k100 shares	Unchanged

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
BELPOINTE PREP LLC OZ · 13G · filed 2026-01-29	OZ	7.0%≈ $11.2m	no change	13G	2026-01-29