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

What changed this quarter

1082 positions with a change (173 new, 657 added to, 163 trimmed, 89 sold); also, 3 entered through an IPO. 1 is listed here: those of 0.5 points of the portfolio or more (up to 12).

• NVIDIA+17%more sharesIncreased
  6.0% → 7.5%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• NVIDIANVDA7.5%
• iShares Msci International Q ETFIQLT5.6%
• iShares Msci USA Quality FAC ETFQUAL5.5%
• iShares Msci USA Momentum FA ETFMTUM4.0%
• Vanguard Short-term Tips ETFVTIP3.6%
• Vanguard S/t Corp Bond ETFVCSH3.1%
• AppleAAPL3.0%
• Dimensional ETF TrustDFUV2.7%
• iShares Msci Eafe Value ETFEFV2.5%
• IsharesIEMG2.3%
• MicrosoftMSFT1.7%
• Vanguard Int-term Corporate ETFVCIT1.6%
• DFA Invt Dimensions Group InDFMC1.4%
• Dimensional ETF TrustDFIV1.4%
• AlphabetGOOG · GOOGL1.4%
• Meta PlatformsMETA1.3%
• WisdomTree US Quality Growth ETFQGRW1.2%
• State Str Spdr S&P 500 ETF TSPY1.1%
• Amazon.comAMZN1.1%
• American Centy ETF TrAVDV1.1%
• Vanguard Short-term Treasury ETFVGSH1.0%
• Vanguard Mrngstr Val ETF-aui ETFVTV1.0%
• Vanguard Ftse Developed ETFVEA0.9%
• Dimensional ETF TrustDFAT0.8%
• Cisco SystemsCSCO0.8%
• American Centy ETF TrAVUV0.8%
• Schwab International Small-cap Equity ETFSCHC0.7%
• Vanguard Real Estate ETFVNQ0.6%
• BroadcomAVGO0.6%
• Dell TechnologiesDELL0.6%
• Advanced Micro DevicesAMD0.5%
• Vanguard Index FundsVTI0.5%
• Schwab International Equity ETFSCHF0.5%
• Schwab US Large-cap ETFSCHX0.5%
• State Street SPDR BB St HI Yield ETFSJNK0.4%
• JPMorgan ChaseJPM0.4%
• Vanguard International Equity Index FVSS0.4%
• TeslaTSLA0.4%
• Dimensional ETF TrustDFAC0.4%
• Vanguard Index FundsVBR0.4%
• iShares Trust iShares ESG AW ETFESGD0.4%
• Vanguard World FundMGC0.4%
• Vanguard World FundMGK0.4%
• Bank of New York MellonBNY0.4%
• Altria GroupMO0.4%
• iShares Micro-cap ETFIWC0.3%
• Johnson & JohnsonJNJ0.3%
• Dimensional ETF TrustDFAS0.3%
• Lam ResearchLRCX0.3%
• Vanguard International Equity Index FVNQI0.3%
• iShares Msci Eafe Growth ETFEFG0.3%
• First Tr Exch Traded Fund IIIFPE0.3%
• Vanguard US Momentum Factor ETFVFMO0.3%
• Micron TechnologyMU0.3%
• Costco WholesaleCOST0.3%
• Nushares ETF TrNULV0.3%
• Vanguard S&P 500 ETFVOO0.3%
• Vanguard World FundMGV0.3%
• First Trust Emerging Markets ETFFEM0.3%
• Eli LillyLLY0.3%
• iShares Core S&P Small-cap E ETFIJR0.3%
• Invesco QQQ Trust Series 1 ETFQQQ0.3%
• Berkshire HathawayBRK/B0.3%
• Hewlett Packard EnterpriseHPE0.3%
• Vanguard Index FundsVV0.3%
• Western DigitalWDC0.3%
• Automatic Data ProcessingADP0.3%
• Philip Morris InternationalPM0.3%
• WalmartWMT0.3%
• Exxon MobilXOM0.2%
• CumminsCMI0.2%
• Vanguard International Equity Index FVWO0.2%
• iShares Core S&P 500 ETFIVV0.2%
• Quanta ServicesPWR0.2%
• Schwab Emrg Mrkts Eqty ETFSCHE0.2%
• iShares 0-5 Year Tips Bond E ETFSTIP0.2%
• Applied MaterialsAMAT0.2%
• Vanguard Most Sm-cap ETF-usd ETFVB0.2%
• Alpha Architect Us Equity 4 EtfAAUB0.2%
• Charles SchwabSCHW0.2%
• Vanguard Index FundsVOE0.2%
• CorningGLW0.2%
• IsharesESGE0.2%
• CaterpillarCAT0.2%
• Schwab US Small-cap ETFSCHA0.2%
• iShares ESG Aware Msci USA S ETFESML0.2%
• International Business MachinesIBM0.2%
• ChevronCVX0.2%
• State Street SPDR S&P Emergi ETFEWX0.2%
• VisaV0.2%
• Vanguard High DVD Yield ETFVYM0.2%
• At&tT0.2%
• Gilead SciencesGILD0.2%
• Analog DevicesADI0.2%
• Vanguard Index FundsVOT0.2%
• Schwab US Large-cap Value ETFSCHV0.2%
• RBB Fund TrustEBI0.2%
• Taiwan Semiconductor ManufacturingTSM0.2%