Latest Empirical Financial Services, LLC d.b.a. Empirical Stock Portfolio

Empirical Financial Services, LLC d.b.a. Empirical Performance:

2024 Q3: 1.63%YTD: 7.1%2023: 7.18%

Performance for 2024 Q3 is 1.63%, and YTD is 7.1%, and 2023 is 7.18%.

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 $3.6 Billions as of 30 Sep, 2024.

The top stock holdings of Empirical Financial Services, LLC d.b.a. Empirical Wealth Management are IBCE, VTIP, BNDW. The fund has invested 5.5% of it's portfolio in ISHARES TR and 4.9% of portfolio in VANGUARD MALVERN FDS.

The fund managers got completely rid off ISHARES INC (ACWV), JUNIPER NETWORKS INC (JNPR) and BEST BUY INC (BBY) stocks. They significantly reduced their stock positions in EBAY INC. (EBAY), FORD MTR CO (F) and ISHARES TR (AAXJ). Empirical Financial Services, LLC d.b.a. Empirical Wealth Management opened new stock positions in PALANTIR TECHNOLOGIES INC (PLTR), EMPLOYERS HLDGS INC (EIG) and DOLE PLC. The fund showed a lot of confidence in some stocks as they added substantially to MICROSTRATEGY INC (MSTR), CROWDSTRIKE HLDGS INC (CRWD) and CINTAS CORP (CTAS).

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 1.63% in the last quarter. In trailing 12 months, it's portfolio return was 10.55%.

New Buys

Ticker	$ Bought
palantir technologies inc	966,159
employers hldgs inc	435,040
dole plc	393,013
spdr ser tr	377,864
oscar health inc	363,328
banc of california inc	361,638
amneal pharmaceuticals inc	338,766
greenlight capital re ltd	338,684

New stocks bought by Empirical Financial Services, LLC d.b.a. Empirical

Additions

Ticker	% Inc.
microstrategy inc	920
crowdstrike hldgs inc	322
rockwell automation inc	253
netflix inc	225
general mls inc	162
otter tail corp	130
vanguard index fds	129
dorian lpg ltd	104

Additions to existing portfolio by Empirical Financial Services, LLC d.b.a. Empirical

Reductions

Ticker	% Reduced
ebay inc.	-61.53
ishares tr	-54.68
micron technology inc	-52.82
caredx inc	-51.49
trane technologies plc	-49.27
paypal hldgs inc	-47.8
nvidia corporation	-47.4
ishares tr	-39.66

Empirical Financial Services, LLC d.b.a. Empirical reduced stake in above stock

Sold off

None of the stocks were completely sold off by Empirical Financial Services, LLC d.b.a. Empirical

Sector Distribution

Empirical Financial Services, LLC d.b.a. Empirical Wealth Management has about 68.8% of it's holdings in Others sector.

Sector	%
Others	68.8
Technology	11.2
Consumer Cyclical	3.7
Healthcare	3.3
Communication Services	3
Financial Services	2.9
Industrials	2.8
Consumer Defensive	1.6

Market Cap. Distribution

Empirical Financial Services, LLC d.b.a. Empirical Wealth Management has about 29.4% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	68.7
MEGA-CAP	15.4
LARGE-CAP	14

Stocks belong to which Index?

About 28.8% 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	71.2
S&P 500	27.6
RUSSELL 2000	1.2

Top 5 Winners (%)		%
CDNA	caredx inc	87.3 %
CYH	community health sys inc new	80.5 %
ALHC	alignment healthcare inc	43.0 %
IOT	samsara inc	42.6 %
DHI	d r horton inc	34.6 %

Top 5 Winners ($)		$
AAPL	apple inc	10.5 M
META	meta platforms inc	5.4 M
NVR	nvr inc	5.1 M
BLDR	builders firstsource inc	4.4 M
TSLA	tesla inc	4.2 M

Top 5 Losers (%)		%
DECK	deckers outdoor corp	-82.2 %
CTAS	cintas corp	-72.3 %
LRCX	lam research corp	-55.8 %
MSTR	microstrategy inc	-41.3 %
SNAP	snap inc	-35.7 %

Top 5 Losers ($)		$
LRCX	lam research corp	-7.6 M
MSFT	microsoft corp	-3.2 M
NVDA	nvidia corporation	-2.8 M
MCK	mckesson corp	-2.4 M
DELL	dell technologies inc	-2.3 M

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 563 stocks in it's portfolio. About 36.2% of the portfolio is in top 10 stocks. LRCX proved to be the most loss making stock for the portfolio. AAPL was the most profitable stock for Empirical Financial Services, LLC d.b.a. Empirical Wealth Management last quarter.

Last Reported on: 01 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.01	3,146	467,119	added	19.26

AAPL	apple inc	2.88	440,763	102,698,000	reduced	-7.91

AAXJ	ishares tr	2.56	1,584,280	91,143,300	reduced	-0.43

AAXJ	ishares tr	0.35	102,235	12,607,700	added	4.46

AAXJ	ishares tr	0.33	108,045	11,631,100	added	19.98

AAXJ	ishares tr	0.16	53,449	5,806,120	reduced	-3.27

AAXJ	ishares tr	0.15	51,102	5,426,520	added	0.47

AAXJ	ishares tr	0.06	66,073	1,997,400	reduced	-1.8

AAXJ	ishares tr	0.04	21,555	1,459,240	reduced	-9.36

AAXJ	ishares tr	0.04	24,249	1,409,110	added	2.82

AAXJ	ishares tr	0.03	11,434	1,069,990	added	1.98

AAXJ	ishares tr	0.02	6,698	800,714	added	16.47

AAXJ	ishares tr	0.01	4,359	521,327	reduced	-13.31

ABBV	abbvie inc	0.44	78,933	15,587,700	added	7.78

ABC	cencora inc	0.07	11,481	2,584,060	added	13.67

ABT	abbott labs	0.06	17,682	2,015,910	added	2.24

ACGL	arch cap group ltd	0.60	190,448	21,307,300	added	5.27

ACN	accenture plc ireland	0.09	8,609	3,043,110	added	12.15

ACWF	ishares tr	3.17	2,719,880	112,848,000	added	5.3

ACWV	ishares inc	0.03	19,269	1,229,140	reduced	-6.14