Latest Empirical Financial Services, LLC d.b.a. Empirical Stock Portfolio
Empirical Financial Services, LLC d.b.a. Empirical Performance:
2025 Q3: 2.92%YTD: 16.29%2024: 8.54%
Performance for 2025 Q3 is 2.92%, and YTD is 16.29%, and 2024 is 8.54%.
About Empirical Financial Services, LLC d.b.a. Empirical and 13F Hedge Fund Stock Holdings
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management is a hedge fund based in SEATTLE, WA. On 23-Aug-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $4.2 Billions. In it's latest 13F Holdings report, Empirical Financial Services, LLC d.b.a. Empirical Wealth Management reported an equity portfolio of $5 Billions as of 30 Sep, 2025.
The top stock holdings of Empirical Financial Services, LLC d.b.a. Empirical Wealth Management are NVDA, IBCE, VTIP. The fund has invested 5.6% of it's portfolio in NVIDIA CORPORATION and 5.3% of portfolio in ISHARES TR.
The fund managers got completely rid off FIDELITY NATL INFORMATION SV (FIS), ADDUS HOMECARE CORP (ADUS) and JUNIPER NETWORKS INC (JNPR) stocks. They significantly reduced their stock positions in EMERSON ELEC CO (EMR), GODADDY INC (GDDY) and FIRST CTZNS BANCSHARES INC D (FCNCA). Empirical Financial Services, LLC d.b.a. Empirical Wealth Management opened new stock positions in WESTERN DIGITAL CORP (WDC), LPL FINL HLDGS INC (LPLA) and GARMIN LTD (GRMN). The fund showed a lot of confidence in some stocks as they added substantially to QUANTA SVCS INC (PWR), OREILLY AUTOMOTIVE INC (ORLY) and BERKLEY W R CORP (WRB).
The top stock holdings of Empirical Financial Services, LLC d.b.a. Empirical Wealth Management are NVDA, IBCE, VTIP. The fund has invested 5.6% of it's portfolio in NVIDIA CORPORATION and 5.3% of portfolio in ISHARES TR.
The fund managers got completely rid off FIDELITY NATL INFORMATION SV (FIS), ADDUS HOMECARE CORP (ADUS) and JUNIPER NETWORKS INC (JNPR) stocks. They significantly reduced their stock positions in EMERSON ELEC CO (EMR), GODADDY INC (GDDY) and FIRST CTZNS BANCSHARES INC D (FCNCA). Empirical Financial Services, LLC d.b.a. Empirical Wealth Management opened new stock positions in WESTERN DIGITAL CORP (WDC), LPL FINL HLDGS INC (LPLA) and GARMIN LTD (GRMN). The fund showed a lot of confidence in some stocks as they added substantially to QUANTA SVCS INC (PWR), OREILLY AUTOMOTIVE INC (ORLY) and BERKLEY W R CORP (WRB).
Empirical Financial Services, LLC d.b.a. Empirical Annual Return Estimates Vs S&P 500
Our best estimate is that Empirical Financial Services, LLC d.b.a. Empirical Wealth Management made a return of 2.92% in the last quarter. In trailing 12 months, it's portfolio return was 16.39%.
New Buys
| Ticker | $ Bought |
|---|---|
| western digital corp | 6,674,260 |
| lpl finl hldgs inc | 4,582,810 |
| garmin ltd | 3,912,810 |
| monolithic pwr sys inc | 3,845,570 |
| crh plc | 2,862,970 |
| american intl group inc | 2,256,690 |
| netscout sys inc | 1,921,060 |
| super micro computer inc | 1,915,010 |
New stocks bought by Empirical Financial Services, LLC d.b.a. Empirical
Additions
| Ticker | % Inc. |
|---|---|
| quanta svcs inc | 3,450 |
| oreilly automotive inc | 1,108 |
| berkley w r corp | 682 |
| emcor group inc | 384 |
| southern copper corp | 378 |
| fortinet inc | 333 |
| hdfc bank ltd | 220 |
| lam research corp | 184 |
Additions to existing portfolio by Empirical Financial Services, LLC d.b.a. Empirical
Reductions
| Ticker | % Reduced |
|---|---|
| emerson elec co | -95.06 |
| paypal hldgs inc | -84.14 |
| apollo global mgmt inc | -83.94 |
| m & t bk corp | -82.6 |
| xcel energy inc | -80.03 |
| lockheed martin corp | -78.71 |
| resmed inc | -76.86 |
| broadridge finl solutions in | -74.51 |
Empirical Financial Services, LLC d.b.a. Empirical reduced stake in above stock
Sold off
Sector Distribution
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management has about 64.1% of it's holdings in Others sector.
| Sector | % |
|---|---|
| Others | 64.1 |
| Technology | 16.4 |
| Communication Services | 3.6 |
| Consumer Cyclical | 3.4 |
| Financial Services | 3 |
| Industrials | 2.9 |
| Healthcare | 2 |
| Consumer Defensive | 2 |
Market Cap. Distribution
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management has about 34% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| UNALLOCATED | 64.2 |
| MEGA-CAP | 20.8 |
| LARGE-CAP | 13.2 |
Stocks belong to which Index?
About 34.1% of the stocks held by Empirical Financial Services, LLC d.b.a. Empirical Wealth Management either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| Others | 65.9 |
| S&P 500 | 32.7 |
| RUSSELL 2000 | 1.4 |
Empirical Financial Services, LLC d.b.a. Empirical Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Empirical Financial Services, LLC d.b.a. Empirical
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management has 786 stocks in it's portfolio. About 36.4% of the portfolio is in top 10 stocks. TXN proved to be the most loss making stock for the portfolio. NVDA was the most profitable stock for Empirical Financial Services, LLC d.b.a. Empirical Wealth Management last quarter.
Last Reported on: 10 Nov, 2025| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AAPL | apple inc | 3.07 | 602,915 | 153,520,000 | added | 1.76 | ||
| AAXJ | ishares tr | 2.54 | 1,871,230 | 126,926,000 | added | 2.88 | ||
| AAXJ | ishares tr | 0.44 | 145,805 | 21,738,100 | reduced | -0.44 | ||
| AAXJ | ishares tr | 0.37 | 161,867 | 18,433,500 | added | 14.52 | ||
| AAXJ | ishares tr | 0.11 | 52,105 | 5,563,770 | added | 1.98 | ||
| AAXJ | ishares tr | 0.10 | 49,104 | 5,229,050 | added | 1.52 | ||
| AAXJ | ishares tr | 0.04 | 61,254 | 2,238,830 | reduced | -9.99 | ||
| AAXJ | ishares tr | 0.04 | 34,071 | 1,943,410 | added | 40.24 | ||
| AAXJ | ishares tr | 0.03 | 21,441 | 1,644,940 | added | 0.43 | ||
| AAXJ | ishares tr | 0.02 | 8,653 | 1,196,190 | added | 0.78 | ||
| AAXJ | ishares tr | 0.02 | 12,291 | 1,169,940 | reduced | -0.24 | ||
| AAXJ | ishares tr | 0.02 | 8,446 | 1,009,440 | added | 9.66 | ||
| AAXJ | ishares tr | 0.01 | 5,406 | 514,381 | new | |||
| AAXJ | ishares tr | 0.01 | 9,631 | 513,814 | added | 0.52 | ||
| ABBV | abbvie inc | 0.16 | 33,374 | 7,727,350 | added | 0.67 | ||
| ABC | cencora inc | 0.02 | 2,596 | 811,329 | added | 86.9 | ||
| ABT | abbott labs | 0.08 | 31,345 | 4,198,300 | added | 8.00 | ||
| ACGL | arch cap group ltd | 0.11 | 59,460 | 5,394,810 | reduced | -13.09 | ||
| ACMR | acm resh inc | 0.02 | 21,248 | 831,435 | new | |||
| ACN | accenture plc ireland | 0.05 | 10,746 | 2,650,040 | reduced | -8.55 | ||