Heritage Financial Services, LLC

CIK

1752035

Location

Westwood, MA

Portfolio Value

Mid $1,194,699,123

Diversification

Moderately concentrated

Filing Date

Global Rank

#2,097 / 8,854 ▲ 20 · as of Dec 2025

Top Industry

Consumer Electronics 18.7%

Period ended 10 months ago

Filed Feb 2, 2026 · 9mo

17 quarters · since Dec 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Dec 31, 2025, never from the firm's own description.

Style

Concentrated

The top 10 positions are 95.9% of the book (60%+)

Turnover

Low turnover

10.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 14.7 quarters (12+)

Closest benchmark: every 13F filer's combined book, active share 88.4%; sector active share 82.8% against the combined 13F book's sector weights.

Over time 17 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

126 tracked positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025

Top Position

30.3%

−1.0 pts

Top 5

93.2%

+1.2 pts

Top 10

95.9%

+0.7 pts

HHI

2,277

Moderately concentrated+14

Portfolio Trend

17 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Unclassified	95.3%	$1,138,110,127	68
Technology	2.2%	$26,395,903	14
Healthcare	0.6%	$6,681,479	9
Consumer Defensive	0.4%	$5,120,501	4
Financial Services	0.4%	$4,796,116	9
Consumer Cyclical	0.4%	$4,256,725	5
Communication Services	0.3%	$3,288,793	5
Energy	0.2%	$2,293,156	3
Industrials	0.2%	$2,184,661	7
Utilities	0.1%	$1,571,662	2

Last Quarter's Activity

Export CSV

Dec 31, 2025 vs Sep 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VGIT	VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND	+793,311	5,202,760	$311,801,406
JPIE	JPMorgan Income ETF	+543,246	2,848,628	$131,862,990
USRT	iShares Core U.S. REIT ETF	+89,348	867,698	$49,424,078
AIRJ	AirJoule Technologies Corp.	+85,431	97,806	$385,355
IDEV	iShares Core MSCI International Developed Markets ETF	+56,256	3,278,313	$270,395,256
DFSU	Dimensional US Sustainability Core 1 ETF	+26,056	364,066	$15,811,386
AVUV	Avantis U.S. Small Cap Value ETF	+16,007	195,964	$19,984,408
DFAI	Dimensional International Core Equity Market ETF	+7,244	133,568	$5,090,276
DFSI	Dimensional International Sustainability Core 1 ETF	+6,616	178,466	$7,646,375
AGG	iShares Core U.S. Aggregate Bond ETF	+4,935	83,382	$8,328,194
AVUS	Avantis U.S. Equity ETF	+3,886	9,459	$1,057,327
DFAE	Dimensional Emerging Core Equity Market ETF	+3,375	98,200	$3,198,374
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	+877	59,733	$2,477,724
IBM	International Business Machines Corp	+814	5,630	$1,667,662
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+808	11,466	$3,844,205
TPL	Texas Pacific Land Corp	+792	1,188	$341,217
NEE	Nextera Energy Inc	+498	11,811	$948,187
VEA	Vanguard FTSE Developed Markets ETF	+466	19,673	$1,228,972
XOM	ExxonMobil Holdings Corp	+461	12,384	$1,490,290
KO	Coca Cola Co	+457	20,995	$1,467,760
IEFA	iShares Core MSCI EAFE ETF	+258	5,588	$499,902
V	Visa Inc.	+223	1,506	$528,169
ORCL	Oracle Corp	+197	1,090	$212,451
MRK	Merck & Co., Inc.	+193	5,450	$573,667
WMT	Walmart Inc.	+133	3,144	$350,273
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
DFAC	Dimensional U.S. Core Equity 2 ETF	−100,620	4,520,404	$178,962,794
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	−49,235	1,741,258	$57,600,814
NVDA	Nvidia Corp	−16,872	24,012	$4,478,238
ITOT	iShares Core S&P Total U.S. Stock Market ETF	−9,210	122,164	$18,164,565
IEMG	iShares Trust	−5,964	49,274	$0
IAU	Ishares Gold Trust	−4,919	6,146	$498,870
JPST	JPMorgan Ultra-Short Income ETF	−3,511	255,596	$12,930,601
AAPL	Apple Inc.	−2,885	39,019	$10,607,705
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	−2,417	1,953	$280,294
AVGO	Broadcom Inc.	−2,191	6,035	$2,088,713
MCD	Mcdonalds Corp	−1,838	3,913	$1,195,930
DFEV	Dimensional Emerging Markets Value ETF	−1,750	82,590	$2,786,586
SCHD	Schwab U.S. Dividend Equity ETF	−1,569	7,938	$217,739
ADI	Analog Devices Inc	−1,477	1,668	$452,361
IVW	iShares S&P 500 Growth ETF	−1,366	17,172	$2,116,620
MSFT	Microsoft Corp	−877	8,267	$3,998,086
SPY	Spdr S&P 500 ETF Trust	−861	2,928	$1,996,661
VZ	Verizon Communications Inc	−781	5,447	$221,856
CSCO	Cisco Systems, Inc.	−765	3,336	$256,972
BRK-B	Berkshire Hathaway Inc	−698	2,829	$1,421,996
SCHH	Schwab U.S. REIT ETF	−620	17,836	$372,594
RTX	RTX Corp	−583	1,601	$293,623
VXUS	Vanguard Total International Stock ETF	−500	4,536	$342,195
VOO	VANGUARD 500 INDEX FUND	−497	3,828	$2,400,653
ABBV	AbbVie Inc.	−438	3,381	$772,524
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
AVDE	Avantis International Equity ETF	3,970	$326,810
OEF	iShares S&P 100 ETF	711	$243,851
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	1,634	$235,246
TMO	Thermo Fisher Scientific Inc.	362	$209,760
TXN	Texas Instruments Inc	1,167	$202,462
RMT	Royce Micro-Cap Trust, Inc.	10,101	$105,353
No positions match the current search.

Sold Out

Positions the filer fully exited

14 positions

Ticker	Company	Shares	Value
PAYX	Paychex Inc	3,934	$498,673
TSLA	Tesla, Inc.	861	$382,903
SHW	Sherwin Williams Co	963	$333,448
QUIK	QUICKLOGIC Corp	50,000	$303,000
BA	Boeing Co	1,337	$288,564
HON	Honeywell International Inc	1,042	$219,340
GLW	Corning Inc	2,652	$217,543
SYK	Stryker Corp	578	$213,669
ETN	Eaton Corp plc	566	$211,825
TRV	Travelers Companies, Inc.	752	$209,973
PEP	Pepsico Inc	1,477	$207,429
CBT	Cabot Corp	2,707	$205,867
VOOG	VANGUARD S&P 500 GROWTH INDEX FUND	464	$202,053
PHYS	Sprott Physical Gold Trust	6,790	$201,119
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

126 tracked positions · $1,194,699,123 total · filing declares 126 positions · $1,198,011,526 · as of Dec 31, 2025

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

Showing 1–50 of 126 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VGIT	VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND	Added	5,202,760	+793,311	$311,801,406	+17.8%	13	$58.81	26.10%
IDEV	iShares Core MSCI International Developed Markets ETF	Added	3,278,313	+56,256	$270,395,256	+4.7%	17	before history	22.63%
DFAC	Dimensional U.S. Core Equity 2 ETF	Reduced	4,520,404	-100,620	$178,962,794	+0.4%	17	before history	14.98%
JPIE	JPMorgan Income ETF	Added	2,848,628	+543,246	$131,862,990	+23.2%	15	$45.32	11.04%
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	Reduced	1,741,258	-49,235	$57,600,814	+0.3%	8	$24.99	4.82%
USRT	iShares Core U.S. REIT ETF	Added	867,698	+89,348	$49,424,078	+8.1%	17	before history	4.14%
AVUV	Avantis U.S. Small Cap Value ETF	Added	195,964	+16,007	$19,984,408	+11.6%	4	$92.28	1.67%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	Reduced	122,164	-9,210	$18,164,565	−5.1%	17	before history	1.52%
DFSU	Dimensional US Sustainability Core 1 ETF	Added	364,066	+26,056	$15,811,386	+10.1%	13	$29.80	1.32%
JPST	JPMorgan Ultra-Short Income ETF	Reduced	255,596	-3,511	$12,930,601	−1.6%	17	before history	1.08%
AAPL	Apple Inc. Technology	Reduced	39,019	-2,885	$10,607,705	−0.6%	17	before history	0.89%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	83,382	+4,935	$8,328,194	+5.9%	17	before history	0.70%
DFSI	Dimensional International Sustainability Core 1 ETF	Added	178,466	+6,616	$7,646,375	+8.7%	13	$30.23	0.64%
DFAI	Dimensional International Core Equity Market ETF	Added	133,568	+7,244	$5,090,276	+10.9%	14	$29.06	0.43%
NVDA	Nvidia Corp Technology	Reduced	24,012	-16,872	$4,478,238	−41.3%	12	$70.92	0.37%
MSFT	Microsoft Corp Technology	Reduced	8,267	-877	$3,998,086	−15.6%	17	before history	0.33%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	11,466	+808	$3,844,205	+9.9%	17	before history	0.32%
DFAE	Dimensional Emerging Core Equity Market ETF	Added	98,200	+3,375	$3,198,374	+7.0%	10	$25.05	0.27%
DFEV	Dimensional Emerging Markets Value ETF	Reduced	82,590	-1,750	$2,786,586	+3.6%	13	$22.38	0.23%
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	Added	59,733	+877	$2,477,724	+2.5%	13	$28.34	0.21%
VOO	VANGUARD 500 INDEX FUND	Reduced	3,828	-497	$2,400,653	−9.4%	17	before history	0.20%
IVV	iShares Core S&P 500 ETF	Reduced	3,422	-141	$2,343,864	−1.7%	17	before history	0.20%
VUG	VANGUARD GROWTH INDEX FUND	Held	4,617	0	$2,252,449	+1.7%	17	before history	0.19%
IVW	iShares S&P 500 Growth ETF	Reduced	17,172	-1,366	$2,116,620	−5.4%	17	before history	0.18%
AVGO	Broadcom Inc. Technology	Reduced	6,035	-2,191	$2,088,713	−23.0%	9	unpriced	0.17%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	14,271	-151	$2,045,177	−7.7%	17	before history	0.17%
IWV	iShares Russell 3000 ETF	Reduced	5,232	-163	$2,023,999	−1.0%	17	before history	0.17%
SPY	Spdr S&P 500 ETF Trust	Reduced	2,928	-861	$1,996,661	−20.9%	17	before history	0.17%
LLY	ELI LILLY & Co Healthcare	Reduced	1,800	-27	$1,934,424	+38.8%	17	before history	0.16%
IWF	iShares Russell 1000 Growth ETF	Reduced	3,854	-244	$1,824,098	−5.0%	17	before history	0.15%
JNJ	Johnson & Johnson Healthcare	Added	8,783	+7	$1,817,641	+11.7%	17	before history	0.15%
IVE	iShares S&P 500 Value ETF	Held	8,411	0	$1,783,720	+2.7%	17	before history	0.15%
IBM	International Business Machines Corp Technology	Added	5,630	+814	$1,667,662	+22.7%	17	before history	0.14%
XOM	ExxonMobil Holdings Corp Energy	Added	12,384	+461	$1,490,290	+10.9%	17	before history	0.12%
KO	Coca Cola Co Consumer Defensive	Added	20,995	+457	$1,467,760	+7.8%	17	before history	0.12%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	2,829	-698	$1,421,996	−19.8%	17	before history	0.12%
GOOG	Alphabet Inc. Communication Services	Reduced	4,428	-321	$1,389,506	+20.1%	17	before history	0.12%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	5,503	-143	$1,270,202	+2.5%	17	before history	0.11%
COST	Costco Wholesale Corp Consumer Defensive	Added	1,458	+9	$1,257,291	−6.3%	17	before history	0.11%
VEA	Vanguard FTSE Developed Markets ETF	Added	19,673	+466	$1,228,972	+6.8%	13	$45.37	0.10%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	3,913	-1,838	$1,195,930	−31.6%	17	before history	0.10%
AMAT	Applied Materials Inc Technology	Reduced	4,517	-25	$1,160,823	+24.8%	17	before history	0.10%
AVUS	Avantis U.S. Equity ETF	Added	9,459	+3,886	$1,057,327	+74.5%	17	before history	0.09%
TJX	Tjx Companies Inc Consumer Cyclical	Added	6,662	+20	$1,023,349	+6.6%	5	$119.47	0.09%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Added	13,655	+105	$1,011,425	+0.4%	9	$71.23	0.08%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Added	19,303	+46	$970,747	+0.7%	17	before history	0.08%
GOOGL	Alphabet Inc. Communication Services	Reduced	3,061	-273	$958,093	+18.2%	17	before history	0.08%
NEE	Nextera Energy Inc Utilities	Added	11,811	+498	$948,187	+11.0%	17	before history	0.08%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	2,646	-185	$852,594	−4.5%	17	before history	0.07%
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	Held	6,015	0	$837,047	−0.6%	17	before history	0.07%

Showing the top 50 of 126 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.