Efficient Market Advisors, LLC

13F filer, CIK 1429788, SAN DIEGO, CA

Efficient Market Advisors, LLC reported $465,867,000 across 171 holdings for the quarter ended 2015-12-31, in a 13F-HR filed 2016-01-19. Its ten largest share positions make up 70.35% of the portfolio.

Filed 2016-01-19 (acceptance time not in the bulk data set), ingested 2026-10-07 19:14:07 UTC13F-HR 0001085146-16-002626

Period: 2015-12-31
Reported value: $466M
Holdings: 171
Top 10 weight: 70.35%
New: 31
Sold out: 43

Largest buys vs the previous quarter

Security	Shares change	Approx. value
VEAadded	+492,553	$18.1M
DBEUadded	+682,590	$17.6M
Invesco Optm Yd Dvrs Cdty S…new	+297,260	$4.64M
HEZUadded	+157,290	$4.06M
IEFAadded	+71,722	$3.9M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
VOOreduced	-56,970	-$10.6M
Invesco Global Listed Priva…reduced	-520,964	-$5.48M
IJHreduced	-38,794	-$5.4M
FTGCreduced	-129,722	-$2.63M
HYGreduced	-26,102	-$2.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2015

Share positions as resolved from 13F-HR 0001085146-16-002626, largest first. % of portfolio is the value over $465,866,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
VOOVANGUARD INDEX FDS	251,022	$46.9M	10.07%	-56,970	Timeline
VEAVANGUARD TAX-MANAGED FDS	1,242,552	$45.6M	9.79%	+492,553	Timeline
IJHISHARES TR	317,550	$44.2M	9.5%	-38,794	Timeline
FLOTISHARES TR	848,874	$42.8M	9.19%	-21,422	Timeline
DBEUDBX ETF TR	1,248,015	$32.3M	6.93%	+682,590	Timeline
IJRISHARES TR	274,774	$30.3M	6.49%	-7,987	Timeline
VWOVANGUARD INTL EQUITY INDEX F	764,122	$25M	5.37%	+17,781	Timeline
IGSBISHARES TR	217,536	$22.8M	4.88%	+29,229	Timeline
SJNKSPDR SERIES TRUST	749,805	$19.3M	4.13%	+102,396	Timeline
POWERSHARESPOWERSHARES	830,017	$18.6M	3.99%	-31,578
POWERSHARES ETF TR IIPOWERSHARES ETF TR II	713,828	$17.3M	3.72%	+71,184
Invesco Global Listed Priva…Invesco Global Listed Private Equ…	1,282,524	$13.5M	2.9%	-520,964
FTGCFIRST TR EXCHANGE TRAD FD VI	637,024	$12.9M	2.78%	-129,722	Timeline
EMBISHARES TR	89,738	$9.49M	2.04%	+4,665	Timeline
PFFISHARES TR	185,228	$7.2M	1.54%	-11,701	Timeline
IEFAISHARES TR	122,910	$6.68M	1.43%	+71,722	Timeline
IEMGISHARES INC	166,603	$6.56M	1.41%	+60,989	Timeline
HEZUISHARES TR	246,571	$6.37M	1.37%	+157,290	Timeline
Invesco Optm Yd Dvrs Cdty S…Invesco Optm Yd Dvrs Cdty Stra No…	297,260	$4.64M	1%	new
SRLNSSGA ACTIVE ETF TR	98,403	$4.54M	0.97%	+32,402	Timeline
IWMISHARES TR	29,618	$3.34M	0.72%	-2,089	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	14,888	$3.04M	0.65%	-5,598	Timeline
HYSPIMCO ETF TR	30,411	$2.79M	0.6%	+7,175	Timeline
VVVANGUARD INDEX FDS	26,500	$2.48M	0.53%	-11,273	Timeline
SCHXSCHWAB STRATEGIC TR	50,207	$2.44M	0.52%	+40,577	Timeline
SCHMSCHWAB STRATEGIC TR	60,763	$2.44M	0.52%	+49,171	Timeline
VEUVANGUARD INTL EQUITY INDEX F	50,803	$2.21M	0.47%	+18,447	Timeline
PowerShares QQQ Trust Unit …PowerShares QQQ Trust Unit Ser	17,677	$1.98M	0.42%	new
VOVANGUARD INDEX FDS	16,053	$1.93M	0.41%	-4,835	Timeline
MARKET VECTORS ETF TRMARKET VECTORS ETF TR	65,191	$1.61M	0.35%	-32,758
SCHASCHWAB STRATEGIC TR	29,215	$1.52M	0.33%	+23,947	Timeline
EFAISHARES TR	23,530	$1.38M	0.3%	+7,509	Timeline
HYGISHARES TR	17,035	$1.37M	0.29%	-26,102	Timeline
DIASTATE STR SPDR DOW JONES IND	6,858	$1.19M	0.26%	new	Timeline
XLKSELECT SECTOR SPDR TR	27,556	$1.18M	0.25%	new	Timeline
VTIVANGUARD INDEX FDS	10,690	$1.11M	0.24%	-3,609	Timeline
DXJWISDOMTREE TR	22,207	$1.11M	0.24%	new	Timeline
MCDMCDONALDS CORP	9,278	$1.1M	0.24%	-3	Timeline
HEDJWISDOMTREE TR	19,884	$1.07M	0.23%	new	Timeline
VBVANGUARD INDEX FDS	9,663	$1.07M	0.23%	-1,837	Timeline
BNDVANGUARD BD INDEX FDS	12,827	$1.04M	0.22%	-388	Timeline
XLYSELECT SECTOR SPDR TR	12,497	$977K	0.21%	new	Timeline
PEXPROSHARES TR	24,448	$898K	0.19%	-23,055	Timeline
XLVSELECT SECTOR SPDR TR	10,030	$722K	0.15%	new	Timeline
VWOBVANGUARD WHITEHALL FDS	9,051	$669K	0.14%	-16,815	Timeline
POWERSHS DB US DOLLAR INDEX…POWERSHS DB US DOLLAR INDEX DO	23,651	$607K	0.13%	new
XLFSELECT SECTOR SPDR TR	24,426	$582K	0.12%	new	Timeline
MMIMARCUS & MILLICHAP INC	18,271	$532K	0.11%	+17,371	Timeline
VIGVANGUARD SPECIALIZED FUNDS	6,751	$525K	0.11%	+185	Timeline
VCSHVANGUARD SCOTTSDALE FDS	5,306	$419K	0.09%	-5,833	Timeline
COSTCOSTCO WHOLESALE CORPORATION	1,810	$292K	0.06%	0	Timeline
NTAPNETAPP INC	11,000	$292K	0.06%	0	Timeline
HDHOME DEPOT INC	2,083	$275K	0.06%	-3	Timeline
FEZSPDR INDEX SHS FDS	6,280	$216K	0.05%	-5,817	Timeline
SCHFSCHWAB STRATEGIC TR	6,258	$172K	0.04%	+1,245	Timeline
TAT&T INC	4,522	$156K	0.03%	+713	Timeline
XOMEXXON MOBIL CORP	2,002	$156K	0.03%	+102	Timeline
POWERSHARESPOWERSHARES	9,902	$148K	0.03%	-685
GENERAL ELEC COGENERAL ELEC CO	4,278	$133K	0.03%	-306
CUTWATER SELECT INCOME FDCUTWATER SELECT INCOME FD	7,307	$133K	0.03%	0
NUVEEN CALIFORNIA SELECT TA…NUVEEN CALIFORNIA SELECT TAX-F	8,000	$125K	0.03%	0
POWERSHARES GLOBAL ETF TRUSTPOWERSHARES GLOBAL ETF TRUST	5,000	$125K	0.03%	0
NCANUVEEN CALIFORNIA MUNI VLU F	11,250	$122K	0.03%	0	Timeline
PGPROCTER & GAMBLE CO	1,501	$119K	0.03%	-149	Timeline
CVXCHEVRON CORPORATION	1,301	$117K	0.03%	+101	Timeline
MSFTMICROSOFT CORP	2,015	$112K	0.02%	-20	Timeline
NUVEEN CALIF MUNICPAL VALU FNUVEEN CALIF MUNICPAL VALU F	5,893	$100K	0.02%	0
METAMETA PLATFORMS INC	900	$94K	0.02%	-4	Timeline
SPDR SERIES TRUST BLOOMBERG…SPDR SERIES TRUST BLOOMBERG BR	2,545	$86K	0.02%	-13,075
ISHARESISHARES	6,980	$85K	0.02%	+2,105
AAPLAPPLE INC	730	$77K	0.02%	+285	Timeline
PSKSPDR SERIES TRUST	1,704	$76K	0.02%	0	Timeline
MUCBLACKROCK MUNIHLDNGS CALI	4,950	$74K	0.02%	0	Timeline
VCVINVESCO CALIF VALUE MUN INCO	5,607	$74K	0.02%	+4,524	Timeline
SPDR SERIES TRUSTSPDR SERIES TRUST	3,000	$73K	0.02%	0
GSGOLDMAN SACHS GROUP INC	400	$72K	0.02%	0	Timeline
HUMHUMANA INC	400	$71K	0.02%	0	Timeline
VZVERIZON COMMUNICATIONS INC	1,510	$70K	0.02%	-2	Timeline
MPAAMOTORCAR PTS AMER INC	2,000	$68K	0.01%	0	Timeline
PFEPFIZER INC	2,012	$65K	0.01%	-15	Timeline
MLRMILLER INDS INC TENN	3,000	$65K	0.01%	0	Timeline
AGGISHARES TR	587	$63K	0.01%	-41	Timeline
IVVISHARES TR	306	$63K	0.01%	-76	Timeline
SCHESCHWAB STRATEGIC TR	3,165	$62K	0.01%	-1,493	Timeline
FFORD MTR CO	4,300	$61K	0.01%	+300	Timeline
CSCOCISCO SYS INC	2,210	$60K	0.01%	+10	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	450	$59K	0.01%	-7	Timeline
MFS CALIF MUN FDMFS CALIF MUN FD	5,000	$59K	0.01%	0
ISHARESISHARES	3,453	$56K	0.01%	-40
AXPAMERICAN EXPRESS CO	754	$52K	0.01%	0	Timeline
CVUCPI AEROSTRUCTURES INC	5,300	$52K	0.01%	0	Timeline
ALPS ETF TRALPS ETF TR	4,000	$48K	0.01%	new
IBMINTERNATIONAL BUSINESS MACHS	335	$46K	0.01%	+200	Timeline
JNJJOHNSON & JOHNSON	405	$42K	0.01%	+5	Timeline
VGKVANGUARD INTL EQUITY INDEX F	823	$41K	0.01%	+155	Timeline
HEALTHCAREHEALTHCARE	1,463	$39K	0.01%	0
FS KKR CAPITAL CORPFS KKR CAPITAL CORP	4,346	$39K	0.01%	0
ACHILLION PHARMACEUTICALS INACHILLION PHARMACEUTICALS IN	3,360	$36K	0.01%	new
SHYISHARES TR	405	$34K	0.01%	-2,661	Timeline
EZUISHARES INC	906	$32K	0.01%	+834	Timeline
NACNUVEEN CA DIVI ADV MUN	2,046	$32K	0.01%	0	Timeline
XNCMXNUVEEN CALIF AMT FREE MUNI I	2,023	$31K	0.01%	0	Timeline
ORCLORACLE CORP	793	$29K	0.01%	-17	Timeline
EWGISHARES INC	1,051	$28K	0.01%	0	Timeline
QCOMQUALCOMM INC	500	$25K	0.01%	-15	Timeline
GLOBAL NET LEASE INCGLOBAL NET LEASE INC	3,100	$25K	0.01%	0
EWLISHARES INC	756	$23K	<0.01%	0	Timeline
KOCOCA COLA CO	503	$22K	<0.01%	+3	Timeline
POWERSHARES ETF TRUST HLTHC…POWERSHARES ETF TRUST HLTHCR S	391	$22K	<0.01%	new
PAYXPAYCHEX INC	400	$21K	<0.01%	0	Timeline
EWQISHARES INC	858	$21K	<0.01%	0	Timeline
POWERSHARES ETF TRUSTPOWERSHARES ETF TRUST	528	$21K	<0.01%	new
VIOLIN MEMORY IVIOLIN MEMORY I	23,500	$21K	<0.01%	-13,500
CATCATERPILLAR INC	300	$20K	<0.01%	0	Timeline
JPMJPMORGAN CHASE & CO	310	$20K	<0.01%	-2	Timeline
EWAISHARES INC	990	$19K	<0.01%	0	Timeline
ICFISHARES TR	188	$19K	<0.01%	0	Timeline
UNITED DEV FUNDING XXXREG…UNITED DEV FUNDING XXXREGISTRAT…	1,750	$19K	<0.01%	0
AEPAMERICAN ELEC PWR CO INC	303	$18K	<0.01%	new	Timeline
BACBANK OF AMER CORP	1,000	$17K	<0.01%	-56	Timeline
MRKMERCK & CO INC	291	$15K	<0.01%	-6	Timeline
EWYISHARES INC	296	$15K	<0.01%	0	Timeline
CEVEATON VANCE CALIF MUN INCOM	1,107	$15K	<0.01%	0	Timeline
TORTOISE PIPELINE & ENERGY FTORTOISE PIPELINE & ENERGY F	1,000	$15K	<0.01%	new
VELOCITYSHARES INV VIX SH-TMVELOCITYSHARES INV VIX SH-TM	564	$15K	<0.01%	new
EWHISHARES INC	717	$14K	<0.01%	0	Timeline
MARKET VECTORS ETF TRMARKET VECTORS ETF TR	976	$14K	<0.01%	0
NUVEEN CA DIV ADV MUNI FD 3NUVEEN CA DIV ADV MUNI FD 3	1,000	$14K	<0.01%	0
EWZISHARES INC	641	$13K	<0.01%	+169	Timeline
EWCISHARES INC	598	$13K	<0.01%	0	Timeline
EATON VANCE CALIF MUN BD FDEATON VANCE CALIF MUN BD FD	1,000	$13K	<0.01%	0
iShares Msci SingaporeiShares Msci Singapore	1,269	$13K	<0.01%	0
EWWISHARES INC	249	$12K	<0.01%	0	Timeline
IVWISHARES TR	100	$12K	<0.01%	0	Timeline
DR PEPPER SNAPPLE GROUP INCDR PEPPER SNAPPLE GROUP INC	132	$12K	<0.01%	0
XHRXENIA HOTELS & RESORTS INC	698	$11K	<0.01%	0	Timeline
CCITIGROUP INC	200	$10K	<0.01%	-28	Timeline
POWERSHARES ETF TRUST INDL …POWERSHARES ETF TRUST INDL SEC	233	$10K	<0.01%	new
POWERSHARES ETF TRUSTPOWERSHARES ETF TRUST	205	$10K	<0.01%	new
XEXGXEATON VANCE TAX-MANAGED GLOB	1,000	$9K	<0.01%	new	Timeline
DISDISNEY WALT CO	77	$8K	<0.01%	+2	Timeline
DONWISDOMTREE TR	100	$8K	<0.01%	new	Timeline
INTCINTEL CORP	216	$7K	<0.01%	+16	Timeline
SDYSPDR SERIES TRUST	100	$7K	<0.01%	new	Timeline
NEMNEWMONT CORP	400	$7K	<0.01%	0	Timeline
DTHWISDOMTREE TR	186	$7K	<0.01%	new	Timeline
POWERSHARESPOWERSHARES	510	$7K	<0.01%	0
SCHBSCHWAB STRATEGIC TR	111	$5K	<0.01%	-15	Timeline
CCLCARNIVAL CORP	100	$5K	<0.01%	0	Timeline
ELMEELME COMMUNITIES	200	$5K	<0.01%	new	Timeline
BARRICK GOLD CORPBARRICK GOLD CORP	700	$5K	<0.01%	0
POWERSHARES ETF TRUSTPOWERSHARES ETF TRUST	174	$5K	<0.01%	new
VEREIT INCVEREIT INC	500	$4K	<0.01%	0
TORTOISE ENERGY INFRA CORPTORTOISE ENERGY INFRA CORP	149	$4K	<0.01%	new
DVYISHARES TR	34	$3K	<0.01%	+8	Timeline
EXPEEXPEDIA GROUP INC	26	$3K	<0.01%	new	Timeline
SBUXSTARBUCKS CORP	28	$2K	<0.01%	+6	Timeline
VNQVANGUARD INDEX FDS	22	$2K	<0.01%	-103	Timeline
VTVANGUARD INTL EQUITY INDEX F	39	$2K	<0.01%	0	Timeline
TIME WARNER CABLE INCTIME WARNER CABLE INC	12	$2K	<0.01%	0
LQDISHARES TR	11	$1K	<0.01%	0	Timeline
IWRISHARES TR	8	$1K	<0.01%	+1	Timeline
TSLATESLA INC	4	$1K	<0.01%	0	Timeline
WMWASTE MGMT INC DEL	11	$1K	<0.01%	new	Timeline
GMGENERAL MTRS CO	17	$1K	<0.01%	new	Timeline
MCHPMICROCHIP TECHNOLOGY INC.	15	$1K	<0.01%	new	Timeline
SCHZSCHWAB STRATEGIC TR	14	$1K	<0.01%	+2	Timeline
FRONTIER COMMUNICATIONS CORPFRONTIER COMMUNICATIONS CORP	288	$1K	<0.01%	0
EXETER RES CORPEXETER RES CORP	3,000	$1K	<0.01%	0
SOLARCITY CORPSOLARCITY CORP	13	$1K	<0.01%	0

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
SPYSTATE STR SPDR S&P 500 ETF T SHS	put	1,000	$1K	new

Sold out in Q4 2015

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
SHVISHARES TR	170	$19K	shares
MINTPIMCO ETF TR	155	$16K	shares
THQABRDN HEALTHCARE OPPORTUNITI	800	$13K	shares
XLUSELECT SECTOR SPDR TR	200	$9K	shares
ABTABBOTT LABORATORIES	211	$8K	shares
IWDISHARES TR	86	$8K	shares
UTIUNIVERSAL TECHNICAL INST INC	2,000	$7K	shares
IWFISHARES TR	57	$5K	shares
IGIBISHARES TR	42	$5K	shares
BNDXVANGUARD CHARLOTTE FDS	74	$4K	shares
TLTISHARES TR	23	$3K	shares
VVISA INC	26	$2K	shares
GOLDMAN SACHS MLP ENERGY RENGOLDMAN SACHS MLP ENERGY REN	300	$2K	shares
BABOEING CO	5	$1K	shares
CVSCVS HEALTH CORP	8	$1K	shares
DHRDANAHER CORP DEL	8	$1K	shares
LLYELI LILLY & CO	10	$1K	shares
MBBISHARES TR	6	$1K	shares
PMPHILIP MORRIS INTL INC	8	$1K	shares
SLBSLB LIMITED	8	$1K	shares
TXNTEXAS INSTRS INC	13	$1K	shares
TJXTJX COS INC NEW	8	$1K	shares
UNHUNITEDHEALTH GROUP INC	6	$1K	shares
VCITVANGUARD SCOTTSDALE FDS	9	$1K	shares
OXYOCCIDENTAL PETE CORP	8	$1K	shares
CTSHCOGNIZANT TECHNOLOGY SOLUTIO	20	$1K	shares
VOYAVOYA FINANCIAL INC	19	$1K	shares
FISFIDELITY NATL INFORMATION SV	9	$1K	shares
VRSKVERISK ANALYTICS INC	7	$1K	shares
AIGAMERICAN INTL GROUP INC	22	$1K	shares
MTBM & T BK CORP	5	$1K	shares
IEIISHARES TR	5	$1K	shares
IWOISHARES TR	11	$1K	shares
CRSCARPENTER TECHNOLOGY CORP	19	$1K	shares
CNOCNO FINL GROUP INC	57	$1K	shares
IWNISHARES TR	14	$1K	shares
HLFHERBALIFE LTD	13	$1K	shares
COACH INCCOACH INC	18	$1K	shares
NEW MEDIA INVT GROUP INCNEW MEDIA INVT GROUP INC	43	$1K	shares
EXPRESS SCRIPTS HLDG COEXPRESS SCRIPTS HLDG CO	10	$1K	shares
KBRKBR INC	59	$1K	shares
CA INC COMCA INC COM	33	$1K	shares
CIT GROUP INC COM NEWCIT GROUP INC COM NEW	13	$1K	shares

How Q4 2015 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001085146-16-002626	base		2016-01-19	acceptance time not in the bulk data set	2026-10-07 19:14:07 UTC