Q2 2026 13F · SEC CIK 1510434

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

Wealth managerFiled 2026-07-15 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $6.8B
Reported positions: 1,046
Top holdings a year, 3 yrs: +15.8%
Average holding period: 8.1 yrs

Empirical Financial Services, LLC d.b.a. Empirical Wealth Management is a wealth manager that reported 1,046 positions worth $6.8B in its Q2 2026 13F, filed 2026-07-15. Its largest holdings were Nvidia Corporation Com (NVDA, 6.0%), Ishares Msci USA Quality Factor ETF (QUAL, 5.8%), Ishares Tr (IQLT, 5.7%). A portfolio copying its top holdings returned 15.8% a year over the last 3 years, against 20.4% for the S&P 500.

Empirical Financial Services, LLC d.b.a. Empirical Wealth Management holdings largest 50 of 1,046 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation Com	6.0%	5.9%	2,060,394	+5.3%	$412.3M
QUALIshares Msci USA Quality Factor ETF	5.8%	5.9%	1,794,452	+1.6%	$393.8M
IQLTIshares Tr	5.7%	5.5%	7,891,119	+15.4%	$391.0M
MTUMIshares Msci USA Momentum Factor ETF	4.7%	4.0%	931,613	-3.0%	$319.4M
VTIPVanguard Malvern Fds	3.8%	4.2%	5,146,018	+5.2%	$258.5M
VCSHVanguard Scottsdale Fds	3.3%	3.8%	2,877,812	+5.1%	$227.4M
DFUVDimensional U.s. Marketwide Val	2.7%	2.7%	3,355,094	+5.0%	$184.6M
AAPLApple Inc	2.6%	2.7%	620,743	+1.4%	$179.6M
IEMGIshares	2.5%	2.4%	2,028,593	+2.2%	$168.0M
EFVIshares Tr	2.4%	2.6%	2,134,694	+6.2%	$163.4M
VCITVanguard Scottsdale Fds	1.8%	2.0%	1,454,830	+4.5%	$120.2M
DFIVDimensional ETF Trust	1.5%	1.6%	1,835,877	+2.8%	$99.2M
MSFTMicrosoft Corp	1.3%	1.4%	229,490	+4.0%	$85.6M
SPYSpdr S&p 500 ETF Tr	1.1%	1.1%	103,930	+7.8%	$77.6M
QGRWWisdomtree U.s. Quality Growth Fund	1.1%	0.9%	1,160,231	+13.6%	$76.6M
DFMCDfa Invt Dimensions Group in	1.1%	1.0%	1,238,052	+7.3%	$75.6M
AMZNAmazon Com Inc Com	1.1%	1.1%	313,948	+6.2%	$74.8M
VTVVanguard Value ETF	1.1%	1.2%	336,297	-1.1%	$73.3M
VGSHVanguard Short-Term Treasury ETF Total	1.0%	1.2%	1,212,961	+5.5%	$70.6M
AVDVAvantis International Small Cap Value Et	1.0%	1.1%	663,940	+5.3%	$68.4M
GOOGAlphabet Inc	1.0%	0.8%	184,231	+8.1%	$65.1M
DFATDimensional U.s. Targeted Value	0.9%	1.0%	922,732	+0.9%	$64.5M
VEAVanguard Tax-Managed Fds	0.9%	1.0%	899,556	+0.1%	$64.1M
METAMeta Platforms Inc Class A	0.9%	1.1%	109,412	+3.3%	$61.6M
CSCOCisco Sys Inc	0.8%	0.6%	481,100	+1.1%	$56.5M
AVUVAvantis US Small Cap Value ETF	0.8%	0.8%	444,573	+7.2%	$55.5M
VNQVanguard Real Estate ETF	0.7%	0.7%	479,864	+5.4%	$46.3M
SCHCSchwab Strategic Tr	0.7%	0.7%	951,415	+11.0%	$45.8M
AVGOBroadcom Inc	0.6%	0.5%	105,429	+6.8%	$39.8M
MUMicron Technology Inc	0.5%	—	31,930	—	$36.9M
TSLATesla Inc Com	0.5%	0.5%	85,663	+8.8%	$36.0M
DELLDell Technologies Inc	0.5%	—	83,245	—	$35.9M
SCHFSchwab Intl Equity	0.5%	0.5%	1,243,692	+9.8%	$34.5M
SJNKSpdr Series Trust	0.5%	0.6%	1,314,467	-11.6%	$32.9M
LRCXLam Research Corp	0.5%	—	73,978	—	$32.1M
GOOGLAlphabet Inc	0.5%	0.4%	89,371	+6.0%	$31.9M
VTIVanguard Index Fds	0.5%	0.4%	86,300	+11.7%	$31.9M
VBRVanguard Small Cap Value ETF	0.5%	0.5%	131,099	+2.0%	$31.9M
VSSVanguard Intl Equity Index F	0.5%	0.5%	205,418	-0.5%	$31.7M
DFACDimensional U.s. Core Equity 2	0.5%	0.5%	705,804	-0.7%	$31.3M
AMDAdvanced Micro Devices Inc	0.5%	—	53,576	—	$31.1M
SCHXSchwab Stratgc Tr	0.5%	0.5%	1,053,827	+0.1%	$31.0M
JPMJpmorgan Chase & Co	0.4%	0.4%	90,555	+4.3%	$29.6M
ESGDIshares Msci Eafe Esg	0.4%	0.5%	282,212	+0.1%	$29.0M
DUHPDimensional ETF Trust	0.4%	0.4%	691,936	+2.0%	$28.9M
IWCIshares Tr	0.4%	0.4%	140,737	+0.1%	$28.2M
MOAltria Group Inc	0.4%	0.4%	371,812	+3.5%	$26.8M
MGCVanguard Mega Cap ETF Total	0.4%	0.4%	97,516	+9.1%	$26.7M
DFASDimensional ETF Trust	0.4%	0.4%	317,417	+0.0%	$26.1M
VFMOVanguard Wellington Fd	0.4%	0.4%	104,019	-4.8%	$26.0M

What Empirical Financial Services, LLC d.b.a. Empirical Wealth Management bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

IQLT Ishares Tr+15.4% shares
QGRW Wisdomtree U.s. Quality Growth Fund+13.6% shares
VTI Vanguard Index Fds+11.7% shares
SCHC Schwab Strategic Tr+11.0% shares
SCHF Schwab Intl Equity+9.8% shares
MGC Vanguard Mega Cap ETF Total+9.1% shares
TSLA Tesla Inc Com+8.8% shares
GOOG Alphabet Inc+8.1% shares

Reduced

SJNK Spdr Series Trust-11.6% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +15.5% /yr; S&P 500 +20.1%
3 years: +15.8% /yr; S&P 500 +20.4%
5 years: +7.3% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$6.8B	1,046
Q1 2026	$5.8B	984
Q4 2025	$5.6B	891
Q3 2025	$5.0B	790
Q2 2025	$4.4B	684
Q1 2025	$3.9B	646
Q4 2024	$3.7B	609
Q3 2024	$3.5B	565
Q2 2024	$3.3B	559
Q1 2024	$3.2B	527
Q4 2023	$2.9B	494
Q3 2023	$2.5B	462

Questions about Empirical Financial Services, LLC d.b.a. Empirical Wealth Management's portfolio

What stocks does Empirical Financial Services, LLC d.b.a. Empirical Wealth Management own?

Empirical Financial Services, LLC d.b.a. Empirical Wealth Management's latest 13F, for Q2 2026 and filed Jul 15, 2026, lists 1,046 positions worth $6.8B. The largest are Nvidia Corporation Com (NVDA) at 6.0%, Ishares Msci USA Quality Factor ETF (QUAL) at 5.8%, Ishares Tr (IQLT) at 5.7%, Ishares Msci USA Momentum Factor ETF (MTUM) at 4.7% and Vanguard Malvern Fds (VTIP) at 3.8%.

What did Empirical Financial Services, LLC d.b.a. Empirical Wealth Management buy last quarter?

In Q2 2026, Empirical Financial Services, LLC d.b.a. Empirical Wealth Management added Ishares Tr (IQLT) (+15.4% shares), Wisdomtree U.s. Quality Growth Fund (QGRW) (+13.6% shares) and Vanguard Index Fds (VTI) (+11.7% shares), compared with its Q1 2026 filing.

What did Empirical Financial Services, LLC d.b.a. Empirical Wealth Management sell last quarter?

In Q2 2026, Empirical Financial Services, LLC d.b.a. Empirical Wealth Management cut from its top 50 First Tr Exch Traded Fd III (FPE), cut from its top 50 Walmart Inc (WMT), cut from its top 50 Johnson & Johnson (JNJ), cut from its top 50 Costco Whsl Corp New (COST) and Spdr Series Trust (SJNK) (-11.6% shares), compared with its Q1 2026 filing.

How has Empirical Financial Services, LLC d.b.a. Empirical Wealth Management's portfolio performed?

A portfolio copying Empirical Financial Services, LLC d.b.a. Empirical Wealth Management's 20 largest 13F holdings each quarter, from the day each filing was public, returned +15.8% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +15.5% against +20.1%. Over 5 years: +7.3% a year against +11.6%.

When is Empirical Financial Services, LLC d.b.a. Empirical Wealth Management's next 13F filing due?

13F filings are due 45 days after each quarter ends. Empirical Financial Services, LLC d.b.a. Empirical Wealth Management's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.