Heritage Way Advisors, LLC

CIK

1698220

Location

ROCKFORD, IL

Portfolio Value

Small $135,586,064

Diversification

Diversified

Filing Date

Global Rank

#4,105 / 6,772 ▼ 276

Top Industry

Drug Manufacturers - General 8.5%

3Y Alpha vs SPY

-10.7%

Period ended 4 years ago

Filed Jan 13, 2022 · 4y

8 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+33.9%

SPY

+76.5%

Annualised alpha

-10.7%

Max drawdown

−15.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

47 positions · as of Dec 31, 2021 · Δ vs Sep 30, 2021

Top Position

5.3%

+0.3 pts

Top 5

20.9%

+1.9 pts

Top 10

37.2%

+3.0 pts

HHI

282

Diversified+22

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2021

Sector	% Portfolio	Value	Positions
Technology	22.4%	$30,351,118	8
Industrials	17.4%	$23,604,615	9
Consumer Cyclical	15.0%	$20,284,948	5
Healthcare	14.7%	$19,866,013	6
Consumer Defensive	10.1%	$13,657,887	5
Financial Services	6.8%	$9,248,935	5
Basic Materials	5.1%	$6,904,260	3
Communication Services	4.4%	$5,913,455	2
Energy	3.9%	$5,247,101	3
Unclassified	0.4%	$507,732	1

Last Quarter's Activity

Export CSV

Dec 31, 2021 vs Sep 30, 2021

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
INTC	Intel Corp	+2,228	50,033	$2,576,699
DIS	Walt Disney Co	+896	21,037	$3,258,420
CMCSA	Comcast Corp	+510	56,287	$2,655,035
SNA	Snap-on Inc	+462	3,145	$677,370
NVS	Novartis AG	+453	35,585	$3,112,619
ISRG	Intuitive Surgical Inc	+450	675	$242,527
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
STT	State Street Corp	−3,399	19,007	$1,767,651
NKE	NIKE, Inc.	−2,753	29,245	$4,874,264
MSFT	Microsoft Corp	−2,379	21,333	$7,174,714
ENB	Enbridge Inc	−1,594	59,782	$2,336,280
EFX	Equifax Inc	−1,438	13,559	$3,969,939
ACN	Accenture plc	−1,241	12,713	$5,270,174
KO	Coca Cola Co	−924	50,773	$3,006,269
CL	Colgate Palmolive Co	−669	31,558	$2,693,159
GPC	Genuine Parts Co	−583	26,229	$3,677,305
PEP	Pepsico Inc	−509	21,648	$3,760,474
ORCL	Oracle Corp	−471	46,241	$4,032,677
HSY	Hershey Co	−445	20,186	$3,905,385
CSCO	Cisco Systems, Inc.	−422	56,029	$3,550,557
CVX	Chevron Corp	−397	21,578	$2,532,178
EMN	Eastman Chemical Co	−361	31,720	$3,835,265
ABT	Abbott Laboratories	−247	33,076	$4,655,116
MCD	Mcdonalds Corp	−237	10,665	$2,858,966
JPM	Jpmorgan Chase & Co	−223	22,211	$3,517,111
APD	Air Products & Chemicals, Inc.	−204	8,999	$2,738,035
UPS	United Parcel Service Inc	−192	25,294	$5,421,515
HD	Home Depot, Inc.	−180	13,429	$5,573,169
ABBV	AbbVie Inc.	−177	34,032	$4,607,932
NSC	Norfolk Southern Corp	−172	16,508	$4,914,596
NTRS	Northern Trust Corp	−164	26,816	$3,207,461
UNH	Unitedhealth Group Inc	−147	7,038	$3,534,061
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
WFC	Wells Fargo & Company/Mn	6,000	$287,880
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
TROW	Price T Rowe Group Inc	24,931	$4,903,927
MDT	Medtronic plc	21,455	$2,689,384
ALLE	Allegion plc	19,414	$2,566,142
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

47 positions · $135,586,064 total · as of Dec 31, 2021

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	21,333	-2,379	$7,174,714	+7.3%	5.29%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	13,429	-180	$5,573,169	+24.8%	4.11%
UPS	United Parcel Service Inc Industrials	Reduced	25,294	-192	$5,421,515	+16.8%	4.00%
ACN	Accenture plc Technology	Reduced	12,713	-1,241	$5,270,174	+18.1%	3.89%
NSC	Norfolk Southern Corp Industrials	Reduced	16,508	-172	$4,914,596	+23.2%	3.62%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	29,245	-2,753	$4,874,264	+4.9%	3.59%
ABT	Abbott Laboratories Healthcare	Reduced	33,076	-247	$4,655,116	+18.3%	3.43%
ABBV	AbbVie Inc. Healthcare	Reduced	34,032	-177	$4,607,932	+24.9%	3.40%
ORCL	Oracle Corp Technology	Reduced	46,241	-471	$4,032,677	−0.9%	2.97%
EFX	Equifax Inc Industrials	Reduced	13,559	-1,438	$3,969,939	+4.5%	2.93%
HSY	Hershey Co Consumer Defensive	Reduced	20,186	-445	$3,905,385	+11.8%	2.88%
EMN	Eastman Chemical Co Basic Materials	Reduced	31,720	-361	$3,835,265	+18.7%	2.83%
PEP	Pepsico Inc Consumer Defensive	Reduced	21,648	-509	$3,760,474	+12.8%	2.77%
JNJ	Johnson & Johnson Healthcare	Reduced	21,709	-114	$3,713,758	+5.4%	2.74%
ADP	Automatic Data Processing Inc Technology	Reduced	14,999	-121	$3,698,453	+22.4%	2.73%
GPC	Genuine Parts Co Consumer Cyclical	Reduced	26,229	-583	$3,677,305	+13.1%	2.71%
CSCO	Cisco Systems, Inc. Technology	Reduced	56,029	-422	$3,550,557	+15.6%	2.62%
UNH	Unitedhealth Group Inc Healthcare	Reduced	7,038	-147	$3,534,061	+25.9%	2.61%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	22,211	-223	$3,517,111	−4.2%	2.59%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	28,223	-135	$3,301,244	+5.5%	2.43%
DIS	Walt Disney Co Communication Services	Added	21,037	+896	$3,258,420	−4.4%	2.40%
NTRS	Northern Trust Corp Financial Services	Reduced	26,816	-164	$3,207,461	+10.3%	2.37%
NVS	Novartis AG Healthcare	Added	35,585	+453	$3,112,619	+8.3%	2.30%
KO	Coca Cola Co Consumer Defensive	Reduced	50,773	-924	$3,006,269	+10.8%	2.22%
HON	Honeywell International Inc Industrials	Reduced	14,874	-63	$2,923,071	−2.2%	2.16%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	10,665	-237	$2,858,966	+8.8%	2.11%
ADI	Analog Devices Inc Technology	Reduced	15,609	-126	$2,743,593	+4.1%	2.02%
APD	Air Products & Chemicals, Inc. Basic Materials	Reduced	8,999	-204	$2,738,035	+16.2%	2.02%
CL	Colgate Palmolive Co Consumer Defensive	Reduced	31,558	-669	$2,693,159	+10.6%	1.99%
CMCSA	Comcast Corp Communication Services	Added	56,287	+510	$2,655,035	−9.2%	1.96%
INTC	Intel Corp Technology	Added	50,033	+2,228	$2,576,699	+1.2%	1.90%
CVX	Chevron Corp Energy	Reduced	21,578	-397	$2,532,178	+13.6%	1.87%
NOC	Northrop Grumman Corp /De/ Industrials	Reduced	6,536	-104	$2,529,889	+5.8%	1.87%
ENB	Enbridge Inc Energy	Reduced	59,782	-1,594	$2,336,280	−4.4%	1.72%
MMM	3M Co Industrials	Reduced	15,335	-89	$2,277,555	+0.7%	1.68%
STT	State Street Corp Financial Services	Reduced	19,007	-3,399	$1,767,651	−6.9%	1.30%
AAPL	Apple Inc. Technology	Reduced	7,345	-146	$1,304,251	+23.0%	0.96%
SNA	Snap-on Inc Industrials	Added	3,145	+462	$677,370	+20.8%	0.50%
CARR	CARRIER GLOBAL Corp Industrials	Held	10,000	0	$542,400	+4.8%	0.40%
SPY	Spdr S&P 500 ETF Trust	Held	1,069	0	$507,732	+10.7%	0.37%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	1,568	0	$468,832	+9.5%	0.35%
XOM	Exxon Mobil Corp Energy	Reduced	6,188	-22	$378,643	+3.7%	0.28%
OTIS	Otis Worldwide Corp Industrials	Held	4,000	0	$348,280	+5.8%	0.26%
CTVA	Corteva, Inc. Basic Materials	Held	7,000	0	$330,960	+12.4%	0.24%
PM	Philip Morris International Inc. Consumer Defensive	Held	3,080	0	$292,600	+0.2%	0.22%
WFC	Wells Fargo & Company/Mn Financial Services	NEW	6,000	NEW	$287,880	NEW	0.21%
ISRG	Intuitive Surgical Inc Healthcare	Added	675	+450	$242,527	+225.3%	0.18%