Heritage Financial Services, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Heritage Financial Services, LLC reported 104 stock positions worth $672.1 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 28.2% of the portfolio, followed by Vanguard Intermediate-Term T (VGIT, 21.5%) and JPMorgan Income ETF (JPIE, 14.7%). Compared with Q4 2023, it opened 14 new positions, sold out of 9, added to 45 and reduced 35. The biggest buy was a new position in Dimensional Emrg MRKT Core (DFEM) and the biggest sale Dimensional Emrg MRKT Val (DFEV, shares −90%).
- Most Recent 13F
- Q4 2025
- Location
- Westwood, MA
- CIK
- 0001752035
- Portfolio Value
- $672.1M (Q1 2024)
- SEC Filing
- 0001172661-24-002271 ↗ filed May 14, 2024
Holdings Value
Holdings 104 stocks · $672.1M
| DFAC Dimensional US Core Equity 2 | 28.23% | 5,939,019 | $189.8M | Add +6.7% |
| VGIT Vanguard Intermediate-Term T | 21.53% | 2,471,081 | $144.7M | Add +9.2% |
| JPIE JPMorgan Income ETF | 14.71% | 2,170,238 | $98.9M | Add +5.9% |
| DFEM Dimensional Emrg MRKT Core | 8.28% | 2,182,550 | $55.6M | New |
| USRT iShares Core US REIT ETF | 5.32% | 664,356 | $35.7M | Add +50.1% |
| ITOT iShares Core S&P Total U.S. | 2.95% | 171,837 | $19.8M | Reduce -11.1% |
| JPST JPMorgan Ultra-Short Income | 1.79% | 238,742 | $12.0M | Add +37.9% |
| DFSU Dimensional US Sus CORE1 ETF | 1.61% | 314,235 | $10.8M | Add +30.4% |
| IDEV iShares Core MSCI Dev MKTS | 1.42% | 142,000 | $9.5M | Reduce -7.9% |
| AGG iShares Core U.S. Aggregate | 0.97% | 66,303 | $6.5M | Add +7.2% |
| AAPL Apple Inc. | 0.89% | 34,694 | $5.9M | Add +13.7% |
| DFSI Dimensional Int Sus COR1 ETF | 0.81% | 161,632 | $5.4M | Add +32.2% |
| DFEV Dimensional Emrg MRKT Val | 0.69% | 177,799 | $4.6M | Reduce -89.5% |
| IEMG iShares Core MSCI Emerging | 0.59% | 77,474 | $4.0M | Reduce -16.8% |
| MSFT Microsoft Corp. | 0.52% | 8,259 | $3.5M | Add +3.4% |
| NVDA Nvidia Corp. | 0.36% | 2,690 | $2.4M | Reduce -1.5% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.36% | 75,181 | $2.4M | Reduce -2.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 9,281 | $2.4M | Reduce -1.9% |
| DFAI Dimensional International Co. | 0.33% | 73,183 | $2.2M | Add +19.0% |
| IWV iShares Russell 3000 ETF | 0.31% | 6,981 | $2.1M | No change |
| PG The Procter & Gamble Co. | 0.31% | 12,897 | $2.1M | Add +0.9% |
| IVW iShares S&P 500 Growth ETF | 0.25% | 20,164 | $1.7M | Add +54.3% |
| JNJ Johnson & Johnson | 0.24% | 10,138 | $1.6M | Reduce -1.3% |
| IVE iShares S&P 500 Value ETF | 0.23% | 8,437 | $1.6M | Add +67.3% |
| DFAE Dimensional Emerging Core Eq | 0.22% | 60,687 | $1.5M | Add +12.6% |
| IVV iShares Core S&P 500 ETF | 0.22% | 2,842 | $1.5M | Add +9.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.22% | 4,255 | $1.5M | Reduce -2.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 2,794 | $1.5M | Reduce -4.3% |
| LLY Eli Lilly & Co. | 0.21% | 1,847 | $1.4M | Add +1.5% |
| XOM Exxon Mobil Corp. | 0.21% | 11,884 | $1.4M | Add +3.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 3,190 | $1.3M | Add +6.3% |
| KO The Coca-Cola Co. | 0.19% | 21,086 | $1.3M | Add +0.5% |
| VOO Vanguard S&P 500 ETF | 0.19% | 2,627 | $1.3M | Reduce -29.0% |
| IWF iShares Russell 1000 Growth | 0.18% | 3,665 | $1.2M | No change |
| COST Costco Wholesale Corp. | 0.16% | 1,449 | $1.1M | Reduce -1.4% |
| BND Vanguard Total Bond Market | 0.15% | 14,165 | $1.0M | Reduce -22.8% |
| AMAT Applied Materials Inc. | 0.15% | 4,966 | $1.0M | Add +0.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.15% | 20,117 | $1.0M | Reduce -22.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.14% | 5,050 | $964K | Add +2.2% |
| AMZN Amazon.com Inc. | 0.14% | 5,232 | $944K | Add +7.2% |
| SPTI SS SPDR P Int Term TSY ETF | 0.14% | 33,214 | $936K | Reduce -0.1% |
| VEA Vanguard Ftse Developed ETF | 0.13% | 17,766 | $891K | Add +0.8% |
| MCD McDonald's Corp. | 0.12% | 2,885 | $813K | Reduce -1.2% |
| SDY SS SPDR S&P Dividend ETF | 0.12% | 6,015 | $789K | No change |
| NEE Nextera Energy Inc. | 0.11% | 12,082 | $772K | Add +1.6% |
| GOOG Alphabet Inc. Class C | 0.11% | 5,020 | $764K | Add +9.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.11% | 3,059 | $764K | Reduce -16.0% |
| ES Eversource Energy | 0.10% | 11,507 | $688K | Add +12.4% |
| ADI Analog Devices Inc. | 0.10% | 3,448 | $682K | Add +121.2% |
| UNH Unitedhealth Group Inc. | 0.10% | 1,332 | $659K | Add +0.5% |
| VIG Vanguard Dividend Apprec ETF | 0.09% | 3,317 | $606K | No change |
| DXJ Wisdomtree Japan Hedged Eq | 0.09% | 5,536 | $601K | Reduce -8.7% |
| HD Home Depot Inc. | 0.09% | 1,565 | $600K | Add +6.0% |
| TOTL SS Doubleline TR Tact ETF | 0.09% | 14,853 | $595K | Add +3.3% |
| ABBV Abbvie Inc. | 0.08% | 3,112 | $567K | Reduce -1.5% |
| MUB iShares National Muni Bond E | 0.08% | 5,190 | $558K | No change |
| GOOGL Alphabet Inc. Class A | 0.08% | 3,556 | $537K | Add +17.0% |
| ABT Abbott Laboratories | 0.08% | 4,715 | $536K | Add +1.8% |
| CVX Chevron Corp. | 0.08% | 3,370 | $532K | Add +3.8% |
| JPM JPMorgan Chase & Co. | 0.08% | 2,615 | $524K | Reduce -2.0% |
| IWB iShares Russell 1000 ETF | 0.08% | 1,766 | $509K | Reduce -23.2% |
| DFIV Dimensional International Va | 0.08% | 13,782 | $507K | No change |
| AVUS Avantis U.S. Equity ETF | 0.08% | 5,649 | $506K | Reduce -51.1% |
| MRK Merck & Co. Inc. | 0.07% | 3,781 | $499K | Reduce -2.1% |
| VWO Vanguard Ftse Emerging Marke | 0.07% | 11,703 | $489K | Reduce -61.0% |
| SCHX Schwab US Large-Cap ETF | 0.07% | 7,297 | $453K | No change |
| IWD iShares Russell 1000 Value E | 0.07% | 2,473 | $443K | No change |
| SCHB Schwab US Broad Market ETF | 0.06% | 7,071 | $432K | Reduce -10.2% |
| IWM iShares Russell 2000 ETF | 0.06% | 1,860 | $391K | Reduce -26.7% |
| SCHH Schwab US REIT ETF | 0.06% | 19,083 | $387K | Add +11.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.06% | 9,922 | $376K | Add +7.9% |
| CAT Caterpillar Inc. | 0.05% | 914 | $335K | Add +7.5% |
| AVGO Broadcom Inc. | 0.05% | 252 | $334K | Add +17.2% |
| QCOM Qualcomm Inc. | 0.05% | 1,926 | $326K | Reduce -8.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.05% | 717 | $318K | Reduce -0.6% |
| AXP American Express Co. | 0.04% | 1,327 | $302K | Add +2.1% |
| IJH iShares Core S&P Midcap ETF | 0.04% | 4,930 | $299K | Reduce -28.0% |
| META Meta Platforms Inc. Class A | 0.04% | 595 | $289K | New |
| VGT Vanguard Info Tech ETF | 0.04% | 551 | $289K | No change |
| CSCO Cisco Systems Inc. | 0.04% | 5,755 | $287K | Reduce -7.3% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.04% | 3,040 | $277K | New |
| HON Honeywell International Inc. | 0.04% | 1,305 | $268K | Reduce -1.4% |
| IJR iShares Core S&P Small-Cap E | 0.04% | 2,389 | $264K | Reduce -32.4% |
| IDXX Idexx Laboratories Inc. | 0.04% | 466 | $252K | Add +0.4% |
| CBT Cabot Corp. | 0.04% | 2,707 | $250K | No change |
| LOW Lowe's Cos Inc. | 0.04% | 971 | $247K | Add +6.0% |
| TMO Thermo Fisher Scientific Inc. | 0.04% | 423 | $246K | Add +3.2% |
| GE General Electric | 0.04% | 1,391 | $244K | New |
| V Visa Inc. Class A | 0.04% | 864 | $241K | New |
| ELV Elevance Health Inc. | 0.04% | 465 | $241K | Add +5.2% |
| PEP Pepsico Inc. | 0.04% | 1,357 | $237K | Reduce -6.8% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.04% | 4,522 | $235K | New |
| BA The Boeing Co. | 0.04% | 1,218 | $235K | Add +1.5% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.03% | 1,940 | $229K | New |
| SWK Stanley Black & Decker Inc. | 0.03% | 2,298 | $225K | Add +0.2% |
| AFL Aflac Inc. | 0.03% | 2,565 | $220K | New |
| IJS iShares S&P Small-Cap 600 Va | 0.03% | 2,126 | $218K | New |
| IJT iShares S&P Small-Cap 600 GR | 0.03% | 1,670 | $218K | New |
| ETN Eaton Corp. PLC | 0.03% | 695 | $217K | New |
| AVY Avery Dennison Corp. | 0.03% | 970 | $216K | New |
| VZ Verizon Communications Inc. | 0.03% | 5,084 | $213K | Reduce -4.9% |
| DVY iShares Select Dividend ETF | 0.03% | 1,680 | $207K | New |
| TT Trane Technologies PLC | 0.03% | 678 | $204K | New |
| PFE Pfizer Inc. | 0.03% | 7,286 | $202K | Reduce -3.4% |
Portfolio Sells Q4 2023 → Q1 2024
| DFEV Dimensional Emrg MRKT Val | Reduce -89.5% | 0.69% | −6.57 |
| ITOT iShares Core S&P Total U.S. | Reduce -11.1% | 2.95% | −0.51 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -7.9% | 1.42% | −0.25 |
| IEMG iShares Core MSCI Emerging | Reduce -16.8% | 0.59% | −0.21 |
| VXUS Vanguard Total Intl Stock | Sold out | 0.00% | −0.19 |
| VWO Vanguard Ftse Emerging Marke | Reduce -61.0% | 0.07% | −0.14 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.11 |
| VOO Vanguard S&P 500 ETF | Reduce -29.0% | 0.19% | −0.09 |
| AVUS Avantis U.S. Equity ETF | Reduce -51.1% | 0.08% | −0.09 |
| BND Vanguard Total Bond Market | Reduce -22.8% | 0.15% | −0.08 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -22.2% | 0.15% | −0.07 |
| IEI iShares 3-7 Year Treasury Bo | Sold out | 0.00% | −0.06 |
| DFSE Dimensional Em Sus CORE1 ETF | Reduce -2.2% | 0.36% | −0.05 |
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −0.05 |
| MMM 3M Co. | Sold out | 0.00% | −0.04 |
| DJP Ipath Bloomberg Commodity Inc. | Sold out | 0.00% | −0.04 |
| VXF Vanguard Extended Market ETF | Sold out | 0.00% | −0.04 |
| IGIB iShares 5-10Y Inv Grade Corp. | Sold out | 0.00% | −0.04 |
| JNJ Johnson & Johnson | Reduce -1.3% | 0.24% | −0.04 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -16.0% | 0.11% | −0.03 |
| IWM iShares Russell 2000 ETF | Reduce -26.7% | 0.06% | −0.03 |
| IWB iShares Russell 1000 ETF | Reduce -23.2% | 0.08% | −0.03 |
| MCD McDonald's Corp. | Reduce -1.2% | 0.12% | −0.03 |
| IJR iShares Core S&P Small-Cap E | Reduce -32.4% | 0.04% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.9% | 0.36% | −0.02 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -0.1% | 0.14% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -28.0% | 0.04% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.3% | 0.22% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.4% | 0.22% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -7.3% | 0.04% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -10.2% | 0.06% | −0.01 |
| HON Honeywell International Inc. | Reduce -1.4% | 0.04% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -1.4% | 0.16% | −0.01 |
| PFE Pfizer Inc. | Reduce -3.4% | 0.03% | −0.01 |
| PEP Pepsico Inc. | Reduce -6.8% | 0.04% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -8.0% | 0.05% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.6% | 0.05% | −0.00 |
| VZ Verizon Communications Inc. | Reduce -4.9% | 0.03% | −0.00 |
| DXJ Wisdomtree Japan Hedged Eq | Reduce -8.7% | 0.09% | −0.00 |
| JPM JPMorgan Chase & Co. | Reduce -2.0% | 0.08% | +0.00 |
| ABBV Abbvie Inc. | Reduce -1.5% | 0.08% | +0.00 |
| MRK Merck & Co. Inc. | Reduce -2.1% | 0.07% | +0.00 |
| NVDA Nvidia Corp. | Reduce -1.5% | 0.36% | +0.13 |
Portfolio Buys Q4 2023 → Q1 2024
| DFEM Dimensional Emrg MRKT Core | New | 8.28% | +8.28 |
| USRT iShares Core US REIT ETF | Add +50.1% | 5.32% | +1.23 |
| DFAC Dimensional US Core Equity 2 | Add +6.7% | 28.23% | +0.55 |
| DFSU Dimensional US Sus CORE1 ETF | Add +30.4% | 1.61% | +0.33 |
| JPST JPMorgan Ultra-Short Income | Add +37.9% | 1.79% | +0.31 |
| DFSI Dimensional Int Sus COR1 ETF | Add +32.2% | 0.81% | +0.14 |
| IVW iShares S&P 500 Growth ETF | Add +54.3% | 0.25% | +0.09 |
| IVE iShares S&P 500 Value ETF | Add +67.3% | 0.23% | +0.09 |
| ADI Analog Devices Inc. | Add +121.2% | 0.10% | +0.05 |
| META Meta Platforms Inc. Class A | New | 0.04% | +0.04 |
| IJK iShares S&P Mid-Cap 400 Grow | New | 0.04% | +0.04 |
| GE General Electric | New | 0.04% | +0.04 |
| V Visa Inc. Class A | New | 0.04% | +0.04 |
| P Everpure Inc. Class A | New | 0.04% | +0.04 |
| IJJ iShares S&P Mid-Cap 400 Valu | New | 0.03% | +0.03 |
| LLY Eli Lilly & Co. | Add +1.5% | 0.21% | +0.03 |
| AFL Aflac Inc. | New | 0.03% | +0.03 |
| IJS iShares S&P Small-Cap 600 Va | New | 0.03% | +0.03 |
| IJT iShares S&P Small-Cap 600 GR | New | 0.03% | +0.03 |
| ETN Eaton Corp. PLC | New | 0.03% | +0.03 |
| AVY Avery Dennison Corp. | New | 0.03% | +0.03 |
| DVY iShares Select Dividend ETF | New | 0.03% | +0.03 |
| TT Trane Technologies PLC | New | 0.03% | +0.03 |
| DFAI Dimensional International Co. | Add +19.0% | 0.33% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +6.3% | 0.20% | +0.02 |
| AMAT Applied Materials Inc. | Add +0.1% | 0.15% | +0.02 |
| AMZN Amazon.com Inc. | Add +7.2% | 0.14% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +9.6% | 0.22% | +0.01 |
| XOM Exxon Mobil Corp. | Add +3.4% | 0.21% | +0.01 |
| AVGO Broadcom Inc. | Add +17.2% | 0.05% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +17.0% | 0.08% | +0.01 |
| CAT Caterpillar Inc. | Add +7.5% | 0.05% | +0.01 |
| IBM Intl Business Machines Corp. | Add +2.2% | 0.14% | +0.01 |
| MSFT Microsoft Corp. | Add +3.4% | 0.52% | +0.01 |
| AXP American Express Co. | Add +2.1% | 0.04% | +0.00 |
| GOOG Alphabet Inc. Class C | Add +9.0% | 0.11% | +0.00 |
| BAC Bank of America Corp. | Add +7.9% | 0.06% | +0.00 |
| DFAE Dimensional Emerging Core Eq | Add +12.6% | 0.22% | +0.00 |
| HD Home Depot Inc. | Add +6.0% | 0.09% | +0.00 |
| LOW Lowe's Cos Inc. | Add +6.0% | 0.04% | +0.00 |
| ELV Elevance Health Inc. | Add +5.2% | 0.04% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +3.2% | 0.04% | −0.00 |
| SCHH Schwab US REIT ETF | Add +11.2% | 0.06% | −0.00 |
| CVX Chevron Corp. | Add +3.8% | 0.08% | −0.00 |
| SWK Stanley Black & Decker Inc. | Add +0.2% | 0.03% | −0.00 |
| ES Eversource Energy | Add +12.4% | 0.10% | −0.01 |
| IDXX Idexx Laboratories Inc. | Add +0.4% | 0.04% | −0.01 |
| ABT Abbott Laboratories | Add +1.8% | 0.08% | −0.01 |
| PG The Procter & Gamble Co. | Add +0.9% | 0.31% | −0.01 |
| NEE Nextera Energy Inc. | Add +1.6% | 0.11% | −0.01 |
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 |