Heritage Financial Services, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Heritage Financial Services, LLC reported 126 stock positions worth $1.2 billion. Its top holding was Vanguard Intermediate-Term T (VGIT) at 26.0% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 22.6%) and Dimensional US Core Equity 2 (DFAC, 14.9%). Compared with Q3 2025, it opened 6 new positions, sold out of 14, added to 43 and reduced 56. The biggest buy was Vanguard Intermediate-Term T (VGIT, shares +18%) and the biggest sale Dimensional US Core Equity 2 (DFAC, shares −2%).
- Most Recent 13F
- Q4 2025
- Location
- Westwood, MA
- CIK
- 0001752035
- Portfolio Value
- $1.2B (Q4 2025)
- SEC Filing
- 0001172661-26-000428 ↗ filed Feb 2, 2026
Holdings Value
Holdings 126 stocks · $1.2B
| VGIT Vanguard Intermediate-Term T | 26.03% | 5,202,760 | $311.8M | Add +18.0% |
| IDEV iShares Core MSCI Dev MKTS | 22.57% | 3,278,313 | $270.4M | Add +1.8% |
| DFAC Dimensional US Core Equity 2 | 14.94% | 4,520,404 | $179.0M | Reduce -2.2% |
| JPIE JPMorgan Income ETF | 11.01% | 2,848,628 | $131.9M | Add +23.6% |
| DFEM Dimensional Emrg MRKT Core | 4.81% | 1,741,258 | $57.6M | Reduce -2.8% |
| USRT iShares Core US REIT ETF | 4.13% | 867,698 | $49.4M | Add +11.5% |
| AVUV Avantis US Small Cap Value | 1.67% | 195,964 | $20.0M | Add +8.9% |
| ITOT iShares Core S&P Total U.S. | 1.52% | 122,164 | $18.2M | Reduce -7.0% |
| DFSU Dimensional US Sus CORE1 ETF | 1.32% | 364,066 | $15.8M | Add +7.7% |
| JPST JPMorgan Ultra-Short Income | 1.08% | 255,596 | $12.9M | Reduce -1.4% |
| AAPL Apple Inc. | 0.89% | 39,019 | $10.6M | Reduce -6.9% |
| AGG iShares Core U.S. Aggregate | 0.70% | 83,382 | $8.3M | Add +6.3% |
| DFSI Dimensional Int Sus COR1 ETF | 0.64% | 178,466 | $7.6M | Add +3.9% |
| DFAI Dimensional International Co. | 0.42% | 133,568 | $5.1M | Add +5.7% |
| NVDA Nvidia Corp. | 0.37% | 24,012 | $4.5M | Reduce -41.3% |
| MSFT Microsoft Corp. | 0.33% | 8,267 | $4.0M | Reduce -9.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.32% | 11,466 | $3.8M | Add +7.6% |
| IEMG iShares Core MSCI Emerging | 0.28% | 49,274 | $3.3M | Reduce -10.8% |
| DFAE Dimensional Emerging Core Eq | 0.27% | 98,200 | $3.2M | Add +3.6% |
| DFEV Dimensional Emrg MRKT Val | 0.23% | 82,590 | $2.8M | Reduce -2.1% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.21% | 59,733 | $2.5M | Add +1.5% |
| VOO Vanguard S&P 500 ETF | 0.20% | 3,828 | $2.4M | Reduce -11.5% |
| IVV iShares Core S&P 500 ETF | 0.20% | 3,422 | $2.3M | Reduce -4.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.19% | 4,617 | $2.3M | No change |
| IVW iShares S&P 500 Growth ETF | 0.18% | 17,172 | $2.1M | Reduce -7.4% |
| AVGO Broadcom Inc. | 0.17% | 6,035 | $2.1M | Reduce -26.6% |
| PG The Procter & Gamble Co. | 0.17% | 14,271 | $2.0M | Reduce -1.1% |
| IWV iShares Russell 3000 ETF | 0.17% | 5,232 | $2.0M | Reduce -3.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 2,928 | $2.0M | Reduce -22.7% |
| LLY Eli Lilly & Co. | 0.16% | 1,800 | $1.9M | Reduce -1.5% |
| IWF iShares Russell 1000 Growth | 0.15% | 3,854 | $1.8M | Reduce -6.0% |
| JNJ Johnson & Johnson | 0.15% | 8,783 | $1.8M | Add +0.1% |
| IVE iShares S&P 500 Value ETF | 0.15% | 8,411 | $1.8M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.14% | 5,630 | $1.7M | Add +16.9% |
| XOM Exxon Mobil Corp. | 0.12% | 12,384 | $1.5M | Add +3.9% |
| KO The Coca-Cola Co. | 0.12% | 20,995 | $1.5M | Add +2.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.12% | 2,829 | $1.4M | Reduce -19.8% |
| GOOG Alphabet Inc. Class C | 0.12% | 4,428 | $1.4M | Reduce -6.8% |
| AMZN Amazon.com Inc. | 0.11% | 5,503 | $1.3M | Reduce -2.5% |
| COST Costco Wholesale Corp. | 0.10% | 1,458 | $1.3M | Add +0.6% |
| VEA Vanguard Ftse Developed ETF | 0.10% | 19,673 | $1.2M | Add +2.4% |
| MCD McDonald's Corp. | 0.10% | 3,913 | $1.2M | Reduce -32.0% |
| AMAT Applied Materials Inc. | 0.10% | 4,517 | $1.2M | Reduce -0.6% |
| AVUS Avantis U.S. Equity ETF | 0.09% | 9,459 | $1.1M | Add +69.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.09% | 6,662 | $1.0M | Add +0.3% |
| BND Vanguard Total Bond Market | 0.08% | 13,655 | $1.0M | Add +0.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.08% | 19,303 | $971K | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 0.08% | 3,061 | $958K | Reduce -8.2% |
| NEE Nextera Energy Inc. | 0.08% | 11,811 | $948K | Add +4.4% |
| JPM JPMorgan Chase & Co. | 0.07% | 2,646 | $853K | Reduce -6.5% |
| SDY SS SPDR S&P Dividend ETF | 0.07% | 6,015 | $837K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.07% | 4,342 | $829K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 3,574 | $785K | Add +0.6% |
| DXJ Wisdomtree Japan Hedged Eq | 0.06% | 5,363 | $773K | Reduce -3.1% |
| ABBV Abbvie Inc. | 0.06% | 3,381 | $773K | Reduce -11.5% |
| IWB iShares Russell 1000 ETF | 0.06% | 1,974 | $737K | Reduce -8.0% |
| IUSG iShares Core S&P U.S. Growth | 0.06% | 3,953 | $664K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.05% | 2,241 | $650K | Reduce -8.9% |
| ES Eversource Energy | 0.05% | 9,260 | $623K | Reduce -1.9% |
| SCHX Schwab US Large-Cap ETF | 0.05% | 22,274 | $599K | No change |
| MRK Merck & Co. Inc. | 0.05% | 5,450 | $574K | Add +3.7% |
| GLD SPDR Gold Shares | 0.05% | 1,433 | $568K | Reduce -19.7% |
| IGOV iShares International Treasu | 0.05% | 13,546 | $564K | No change |
| SCHB Schwab US Broad Market ETF | 0.05% | 21,228 | $557K | Reduce -1.8% |
| MFC Manulife Financial Corp. | 0.05% | 15,107 | $548K | No change |
| AXP American Express Co. | 0.05% | 1,469 | $543K | Reduce -8.4% |
| HD Home Depot Inc. | 0.04% | 1,552 | $534K | Reduce -11.2% |
| VGT Vanguard Info Tech ETF | 0.04% | 702 | $529K | Reduce -0.4% |
| V Visa Inc. Class A | 0.04% | 1,506 | $528K | Add +17.4% |
| CAT Caterpillar Inc. | 0.04% | 919 | $526K | Add +0.9% |
| IEFA iShares Core MSCI Eafe ETF | 0.04% | 5,588 | $500K | Add +4.8% |
| IAU iShares Gold Trust | 0.04% | 6,146 | $499K | Reduce -44.5% |
| MUB iShares National Muni Bond E | 0.04% | 4,572 | $490K | Add +0.1% |
| IWD iShares Russell 1000 Value E | 0.04% | 2,306 | $485K | No change |
| ABT Abbott Laboratories | 0.04% | 3,786 | $474K | Add +2.9% |
| META Meta Platforms Inc. Class A | 0.04% | 718 | $474K | Add +14.5% |
| CVX Chevron Corp. | 0.04% | 3,029 | $462K | Reduce -3.9% |
| ADI Analog Devices Inc. | 0.04% | 1,668 | $452K | Reduce -47.0% |
| IWM iShares Russell 2000 ETF | 0.04% | 1,766 | $435K | Reduce -2.0% |
| DFIV Dimensional International Va | 0.04% | 8,646 | $431K | No change |
| TOTL SS Doubleline TR Tact ETF | 0.04% | 10,521 | $423K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.04% | 689 | $423K | Reduce -7.3% |
| TRMB Trimble Inc. | 0.03% | 5,344 | $419K | Add +0.1% |
| AIRJ Airjoule Technologies Corp. | 0.03% | 97,806 | $385K | Add +690.4% |
| SCHH Schwab US REIT ETF | 0.03% | 17,836 | $373K | Reduce -3.4% |
| SPTI SS SPDR P Int Term TSY ETF | 0.03% | 12,902 | $372K | No change |
| WMT Walmart Inc. | 0.03% | 3,144 | $350K | Add +4.4% |
| VXUS Vanguard Total Intl Stock | 0.03% | 4,536 | $342K | Reduce -9.9% |
| TPL Texas Pacific Land Corp. | 0.03% | 1,188 | $341K | No change |
| UNH Unitedhealth Group Inc. | 0.03% | 1,010 | $333K | Add +5.3% |
| VWO Vanguard Ftse Emerging Marke | 0.03% | 6,083 | $327K | Reduce -0.5% |
| AVDE Avantis International Equity | 0.03% | 3,970 | $327K | New |
| ISHG iShares -3 Year Internationa | 0.03% | 4,252 | $320K | No change |
| QCOM Qualcomm Inc. | 0.03% | 1,833 | $314K | Add +1.4% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.03% | 4,523 | $303K | Add +0.0% |
| GE General Electric filed as GE AEROSPACE | 0.03% | 978 | $301K | Add +1.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.03% | 5,458 | $300K | Reduce -4.0% |
| RTX RTX Corp. | 0.02% | 1,601 | $294K | Reduce -26.7% |
| DVY iShares Select Dividend ETF | 0.02% | 2,064 | $291K | No change |
| VXF Vanguard Extended Market ETF | 0.02% | 1,391 | $291K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| DFAC Dimensional US Core Equity 2 | Reduce -2.2% | 14.94% | −1.08 |
| DFEM Dimensional Emrg MRKT Core | Reduce -2.8% | 4.81% | −0.35 |
| NVDA Nvidia Corp. | Reduce -41.3% | 0.37% | −0.31 |
| ITOT iShares Core S&P Total U.S. | Reduce -7.0% | 1.52% | −0.20 |
| JPST JPMorgan Ultra-Short Income | Reduce -1.4% | 1.08% | −0.10 |
| MSFT Microsoft Corp. | Reduce -9.6% | 0.33% | −0.09 |
| AAPL Apple Inc. | Reduce -6.9% | 0.89% | −0.07 |
| AVGO Broadcom Inc. | Reduce -26.6% | 0.17% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -22.7% | 0.17% | −0.06 |
| MCD McDonald's Corp. | Reduce -32.0% | 0.10% | −0.06 |
| IEMG iShares Core MSCI Emerging | Reduce -10.8% | 0.28% | −0.05 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -19.8% | 0.12% | −0.04 |
| VOO Vanguard S&P 500 ETF | Reduce -11.5% | 0.20% | −0.04 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.03 |
| VYM Vanguard High DVD Yield ETF | Reduce -55.3% | 0.02% | −0.03 |
| ADI Analog Devices Inc. | Reduce -47.0% | 0.04% | −0.03 |
| IAU iShares Gold Trust | Reduce -44.5% | 0.04% | −0.03 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -1.1% | 0.17% | −0.03 |
| QUIK Quicklogic Corp. | Sold out | 0.00% | −0.03 |
| BA The Boeing Co. | Sold out | 0.00% | −0.03 |
| IVW iShares S&P 500 Growth ETF | Reduce -7.4% | 0.18% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -6.0% | 0.15% | −0.02 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.02 |
| GLW Corning Inc. | Sold out | 0.00% | −0.02 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.02 |
| HD Home Depot Inc. | Reduce -11.2% | 0.04% | −0.02 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.02 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -4.0% | 0.20% | −0.02 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.02 |
| CBT Cabot Corp. | Sold out | 0.00% | −0.02 |
| VOOG Vanguard S&P 500 Growth ETF | Sold out | 0.00% | −0.02 |
| PHYS Sprott Physical Gold Trust | Sold out | 0.00% | −0.02 |
| ABBV Abbvie Inc. | Reduce -11.5% | 0.06% | −0.01 |
| IWV iShares Russell 3000 ETF | Reduce -3.0% | 0.17% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -8.9% | 0.05% | −0.01 |
| GLD SPDR Gold Shares | Reduce -19.7% | 0.05% | −0.01 |
| DFEV Dimensional Emrg MRKT Val | Reduce -2.1% | 0.23% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -6.5% | 0.07% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -8.0% | 0.06% | −0.01 |
| ES Eversource Energy | Reduce -1.9% | 0.05% | −0.01 |
| RTX RTX Corp. | Reduce -26.7% | 0.02% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -12.5% | 0.02% | −0.01 |
| CVX Chevron Corp. | Reduce -3.9% | 0.04% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -2.5% | 0.11% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -16.5% | 0.02% | −0.01 |
| ADP Automatic Data Processing | Reduce -1.9% | 0.02% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -7.3% | 0.04% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| VGIT Vanguard Intermediate-Term T | Add +18.0% | 26.03% | +2.24 |
| JPIE JPMorgan Income ETF | Add +23.6% | 11.01% | +1.39 |
| AVUV Avantis US Small Cap Value | Add +8.9% | 1.67% | +0.06 |
| AVUS Avantis U.S. Equity ETF | Add +69.7% | 0.09% | +0.03 |
| DFSU Dimensional US Sus CORE1 ETF | Add +7.7% | 1.32% | +0.03 |
| AVDE Avantis International Equity | New | 0.03% | +0.03 |
| AIRJ Airjoule Technologies Corp. | Add +690.4% | 0.03% | +0.03 |
| OEF iShares S&P 100 ETF | New | 0.02% | +0.02 |
| XLK SS Technology Select Sector | New | 0.02% | +0.02 |
| USRT iShares Core US REIT ETF | Add +11.5% | 4.13% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | New | 0.02% | +0.02 |
| IBM Intl Business Machines Corp. | Add +16.9% | 0.14% | +0.02 |
| TXN Texas Instruments Inc. | New | 0.02% | +0.02 |
| DFAI Dimensional International Co. | Add +5.7% | 0.42% | +0.01 |
| RMT Royce Micro-Cap Trust Inc. | New | 0.01% | +0.01 |
| MRK Merck & Co. Inc. | Add +3.7% | 0.05% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +7.6% | 0.32% | +0.01 |
| DFSI Dimensional Int Sus COR1 ETF | Add +3.9% | 0.64% | +0.01 |
| JNJ Johnson & Johnson | Add +0.1% | 0.15% | +0.01 |
| CAT Caterpillar Inc. | Add +0.9% | 0.04% | +0.00 |
| V Visa Inc. Class A | Add +17.4% | 0.04% | +0.00 |
| XOM Exxon Mobil Corp. | Add +3.9% | 0.12% | +0.00 |
| NEE Nextera Energy Inc. | Add +4.4% | 0.08% | +0.00 |
| WMT Walmart Inc. | Add +4.4% | 0.03% | +0.00 |
| KO The Coca-Cola Co. | Add +2.2% | 0.12% | +0.00 |
| IEFA iShares Core MSCI Eafe ETF | Add +4.8% | 0.04% | −0.00 |
| MMM 3M Co. | Add +0.5% | 0.02% | −0.00 |
| GE General Electric | Add +1.9% | 0.03% | −0.00 |
| QCOM Qualcomm Inc. | Add +1.4% | 0.03% | −0.00 |
| TJX TJX Companies Inc. | Add +0.3% | 0.09% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Add +2.4% | 0.10% | −0.00 |
| DFAE Dimensional Emerging Core Eq | Add +3.6% | 0.27% | −0.00 |
| META Meta Platforms Inc. Class A | Add +14.5% | 0.04% | −0.00 |
| AFL Aflac Inc. | Add +0.6% | 0.02% | −0.00 |
| UNH Unitedhealth Group Inc. | Add +5.3% | 0.03% | −0.00 |
| BSX Boston Scientific Corp. | Add +0.7% | 0.02% | −0.00 |
| MUB iShares National Muni Bond E | Add +0.1% | 0.04% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +0.6% | 0.07% | −0.00 |
| TRMB Trimble Inc. | Add +0.1% | 0.03% | −0.00 |
| T AT&T Inc. | Add +0.9% | 0.02% | −0.00 |
| ABT Abbott Laboratories | Add +2.9% | 0.04% | −0.00 |
| ORCL Oracle Corp. | Add +22.1% | 0.02% | −0.00 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +0.2% | 0.08% | −0.01 |
| BND Vanguard Total Bond Market | Add +0.8% | 0.08% | −0.01 |
| P Everpure Inc. Class A | Add +0.0% | 0.03% | −0.01 |
| DFSE Dimensional Em Sus CORE1 ETF | Add +1.5% | 0.21% | −0.01 |
| AGG iShares Core U.S. Aggregate | Add +6.3% | 0.70% | −0.01 |
| COST Costco Wholesale Corp. | Add +0.6% | 0.10% | −0.02 |
| IDEV iShares Core MSCI Dev MKTS | Add +1.8% | 22.57% | −0.65 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q4 2025 | 126 | $1.2B | VGIT, IDEV, DFAC, JPIE, DFEM |
| Q3 2025 | 134 | $1.1B | VGIT, IDEV, DFAC, JPIE, DFEM |
| Q2 2025 | 125 | $1.0B | VGIT, IDEV, DFAC, JPIE, DFEM |
| Q1 2025 | 120 | $1.0B | VGIT, IDEV, DFAC, JPIE, DFEM |
| Q4 2024 | 117 | $753.0M | DFAC, VGIT, JPIE, DFEM, USRT |
| Q3 2024 | 110 | $752.1M | DFAC, VGIT, JPIE, DFEM, USRT |
| Q2 2024 | 105 | $697.1M | DFAC, VGIT, JPIE, DFEM, USRT |
| Q1 2024 | 104 | $672.1M | DFAC, VGIT, JPIE, DFEM, USRT |