SEC 13F Intelligence

Managers / Q1 2026

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

CIK 0001510434 · 1420 5TH AVE SUITE 3150, SEATTLE, WA, 98101 · 2069233474

Reported Value
$5.8B
Q1 2026
Positions
1,706
Filings on Record
30
2019–present window
Filed
May 4, 2026
original filing

Summary

Empirical Financial Services, LLC D.b.a. Empirical Wealth Management reported $5.8B in U.S.-listed holdings across 1,706 positions for Q1 2026.

Its largest position, Ishares Tr, represents 5.8% of the portfolio.

Compared with Q4 2025, the fund opened 146 new positions and exited 53.

Portfolio Metrics

Turnover
+4.8%
vs prior filed quarter
Top-10 Concentration
+36.7%
share of reported value
Largest Position
+5.8%
Ishares Tr
New / Exited
146 / 53
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $589MQ4 ’18Q1 ’19: $687MQ2 ’19: $768MQ3 ’19: $826MQ4 ’19: $910MQ4 ’19Q1 ’20: $915MQ2 ’20: $1.1BQ3 ’20: $1.2BQ4 ’20: $1.3BQ4 ’20Q1 ’21: $1.2BQ2 ’21: $1.7BQ3 ’21: $1.8BQ4 ’21: $2.0BQ4 ’21Q1 ’22: $2.0BQ2 ’22: $1.9BQ3 ’22: $1.9BQ4 ’22: $2.1BQ4 ’22Q1 ’23: $2.3BQ2 ’23: $2.5BQ3 ’23: $2.6BQ4 ’23: $3.0BQ4 ’23Q1 ’24: $3.3BQ2 ’24: $3.4BQ3 ’24: $3.6BQ4 ’24: $3.7BQ4 ’24Q1 ’25: $3.9BQ2 ’25: $4.4BQ3 ’25: $5.0BQ4 ’25: $5.6BQ4 ’25Q1 ’26: $5.8Bfilingsflow.com

Portfolio Composition

By security type
ETP: 63.5%Common Stock: 34.5%Other: 1.0%ADR: 0.6%REIT: 0.3%Other: 0.1%
  • ETP · 63.5% · $3.7B
  • Common Stock · 34.5% · $2.0B
  • Other · 1.0% · $57M
  • ADR · 0.6% · $32M
  • REIT · 0.3% · $19M
  • Other · 0.1% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DFMCDFA INVT DIMENSIONS GROUP INNEW+1.15M1.15M+$59M$59M
RELYREMITLY GLOBAL INCNEW+129.7K129.7K+$2M$2M
JKHYHENRY JACK & ASSOC INCNEW+6.4K6.4K+$1M$1M
IDIINTERDIGITAL INCNEW+2.6K2.6K+$783,690$783,690
ASTRAZENECA PLCNEW+3.7K3.7K+$737,406$737,406
MTCHMATCH GROUP INC NEWNEW+22.4K22.4K+$688,887$688,887
TOLTOLL BROTHERS INCNEW+5.0K5.0K+$677,029$677,029
PTCPTC INCNEW+4.6K4.6K+$659,302$659,302

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ESGDISHARES TRMSCI USA QLT FCT · MSCI INTL QUALTY · MSCI USA MMENTM · EAFE VALUE ETF · ESG AW MSCI EAFE · MICRO-CAP ETF18.63%$1.1B11.92M
2VGSHVANGUARD SCOTTSDALE FDSSHRT TRM CORP BD · INT-TERM CORP · SHORT TERM TREAS6.91%$399M5.28M
3DFUVDIMENSIONAL ETF TRUSTUS MKTWIDE VALUE · INTERNATNAL VAL · US TARGETED VLU · US CORE EQUITY 2 · US HIGH PROFITAB · US SMALL CAP ETF6.56%$379M7.56M
4NVDANVIDIA CORPORATIONhistory →COM5.90%$341M1.96M
5VANGUARD MALVERN FDSSTRM INFPROIDX4.19%$242M4.85M
6AAPLAPPLE INChistory →COM2.47%$143M561.9K
7ISHARES INCCORE MSCI EMKT2.37%$137M1.97M
8VTVVANGUARD INDEX FDSVALUE ETF · REAL ESTATE ETF · SM CP VAL ETF2.31%$133M915.9K
9AMERICAN CENTY ETF TRINTL SMCP VLU · US SML CP VALU1.86%$108M1.03M
10SCHWAB STRATEGIC TRINTL SCEQT ETF · INTL EQTY ETF · US LRG CAP ETF1.52%$88M2.76M
11MSFTMICROSOFT CORPhistory →COM1.36%$79M213.2K
12GOOGALPHABET INCCAP STK CL C · CAP STK CL A1.07%$62M215.8K
13STATE STR SPDR S&P 500 ETF TTR UNIT1.05%$61M93.3K
14DFMCDFA INVT DIMENSIONS GROUP INhistory →U.S. MICRO CAP P1.01%$59M1.15M
15AMZNAMAZON COM INChistory →COM1.01%$58M279.7K
16VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.99%$57M897.0K
17METAMETA PLATFORMS INChistory →CL A0.97%$56M98.4K
18WISDOMTREE TRUS QUALITY GROW0.94%$55M1.02M
19VANGUARD INTL EQUITY INDEX FFTSE SMCAP ETF · GLB EX US ETF0.86%$50M656.6K
20SPDR SERIES TRUSTSTATE STREET SPD0.64%$37M1.49M
21CSCOCISCO SYS INChistory →COM0.62%$36M458.5K
22AVGOBROADCOM INChistory →COM0.51%$30M95.7K
23TSLATESLA INChistory →COM0.47%$27M73.5K
24JPMJPMORGAN CHASE & COhistory →COM0.43%$25M84.8K
25MOALTRIA GROUP INChistory →COM0.41%$23M355.0K
26FIRST TR EXCH TRADED FD IIIPFD SECS INC ETF0.38%$22M1.23M
27WMTWALMART INChistory →COM0.36%$21M169.6K
28VANGUARD WELLINGTON FDUS MOMENTUM0.36%$21M106.6K
29BNYBANK NEW YORK MELLON CORPhistory →COM0.35%$20M170.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5.8B1,706May 4, 202613F-HRchanges · EDGAR ↗
Q4 2025$5.6B1,378Jan 16, 202613F-HRchanges · EDGAR ↗
Q3 2025$5.0B1,170Nov 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$4.4B984Jul 21, 202513F-HRchanges · EDGAR ↗
Q1 2025$3.9B825May 8, 202513F-HRchanges · EDGAR ↗
Q4 2024$3.7B698Jan 22, 202513F-HRchanges · EDGAR ↗
Q3 2024$3.6B570Nov 1, 202413F-HRchanges · EDGAR ↗
Q2 2024$3.4B562Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$3.3B530May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$3.0B498Feb 6, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.6B465Nov 3, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.5B460Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.3B463May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.1B459Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.9B467Nov 3, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.9B463Aug 2, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.0B493May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.0B517Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.8B451Nov 2, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.7B443Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.2B393May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.3B381Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.2B345Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.1B331Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$915M320May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$910M329Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$826M286Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$768M267Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$687M235May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$589M200Feb 13, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • Quantinno Capital Management
  • Brooklyn Investment Group

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.