Heritage Financial Services, LLC

Name: Heritage Financial Services, LLC 13F holdings, Q2 2024
Creator: Heritage Financial Services, LLC
Published: 2024-07-23

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 23, 2024), Heritage Financial Services, LLC reported 105 stock positions worth $697.1 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 28.4% of the portfolio, followed by Vanguard Intermediate-Term T (VGIT, 21.4%) and JPMorgan Income ETF (JPIE, 14.7%). Compared with Q1 2024, it opened 4 new positions, sold out of 3, added to 23 and reduced 59. The biggest buy was Dimensional Emrg MRKT Core (DFEM, shares +3%) and the biggest sale iShares Core S&P Total U.S. (ITOT, shares −7%).

Most Recent 13F: Q4 2025
Location: Westwood, MA
CIK: 0001752035
Portfolio Value: $697.1M (Q2 2024)
SEC Filing: 0001172661-24-002867 ↗ filed Jul 23, 2024

Holdings Value

Holdings 105 stocks · $697.1M


DFAC Dimensional US Core Equity 2	28.42%	6,144,820	$198.1M	Add +3.5%
VGIT Vanguard Intermediate-Term T	21.35%	2,556,090	$148.8M	Add +3.4%
JPIE JPMorgan Income ETF	14.71%	2,254,884	$102.5M	Add +3.9%
DFEM Dimensional Emrg MRKT Core	8.60%	2,243,881	$60.0M	Add +2.8%
USRT iShares Core US REIT ETF	5.49%	715,170	$38.3M	Add +7.7%
ITOT iShares Core S&P Total U.S.	2.72%	159,356	$18.9M	Reduce -7.3%
JPST JPMorgan Ultra-Short Income	1.79%	246,688	$12.5M	Add +3.3%
DFSU Dimensional US Sus CORE1 ETF	1.56%	312,681	$10.9M	Reduce -0.5%
IDEV iShares Core MSCI Dev MKTS	1.24%	131,693	$8.6M	Reduce -7.3%
AAPL Apple Inc.	1.01%	33,583	$7.1M	Reduce -3.2%
AGG iShares Core U.S. Aggregate	0.96%	68,630	$6.7M	Add +3.5%
DFSI Dimensional Int Sus COR1 ETF	0.76%	161,603	$5.3M	Reduce -0.0%
DFEV Dimensional Emrg MRKT Val	0.60%	151,203	$4.2M	Reduce -15.0%
IEMG iShares Core MSCI Emerging	0.54%	70,910	$3.8M	Reduce -8.5%
MSFT Microsoft Corp.	0.52%	8,166	$3.6M	Reduce -1.1%
NVDA Nvidia Corp.	0.47%	26,761	$3.3M	Reduce -0.5%
VTI VG Morningstar TS MKT ETF-US	0.37%	9,682	$2.6M	Add +4.3%
DFSE Dimensional Em Sus CORE1 ETF	0.35%	73,342	$2.5M	Reduce -2.5%
DFAI Dimensional International Co.	0.34%	79,688	$2.4M	Add +8.9%
PG The Procter & Gamble Co.	0.33%	13,773	$2.3M	Add +6.8%
IWV iShares Russell 3000 ETF	0.31%	6,981	$2.2M	No change
IVW iShares S&P 500 Growth ETF	0.27%	20,164	$1.9M	No change
LLY Eli Lilly & Co.	0.24%	1,828	$1.7M	Reduce -1.0%
DFAE Dimensional Emerging Core Eq	0.24%	63,842	$1.7M	Add +5.2%
VUG Vanguard Mrngstar GR ETF-Sui	0.23%	4,338	$1.6M	Add +1.9%
XOM Exxon Mobil Corp.	0.23%	13,661	$1.6M	Add +14.9%
IVV iShares Core S&P 500 ETF	0.22%	2,842	$1.6M	No change
IVE iShares S&P 500 Value ETF	0.22%	8,436	$1.5M	Reduce -0.0%
VOO Vanguard S&P 500 ETF	0.22%	3,066	$1.5M	Add +16.7%
SPY SS SPDR S&P 500 ETF Trust-US	0.21%	2,682	$1.5M	Reduce -4.0%
JNJ Johnson & Johnson	0.20%	9,709	$1.4M	Reduce -4.2%
KO The Coca-Cola Co.	0.19%	21,026	$1.3M	Reduce -0.3%
IWF iShares Russell 1000 Growth	0.19%	3,615	$1.3M	Reduce -1.4%
BRK.B Berkshire Hathaway Inc. Class B	0.18%	3,057	$1.2M	Reduce -4.2%
COST Costco Wholesale Corp.	0.18%	1,445	$1.2M	Reduce -0.3%
AMAT Applied Materials Inc.	0.17%	4,966	$1.2M	No change
BND Vanguard Total Bond Market	0.15%	14,461	$1.0M	Add +2.1%
VTEB Vanguard Tax-Exempt Bond ETF	0.14%	20,117	$1.0M	No change
AMZN Amazon.com Inc.	0.14%	4,906	$948K	Reduce -6.2%
GOOG Alphabet Inc. Class C	0.13%	4,756	$872K	Reduce -5.3%
VEA Vanguard Ftse Developed ETF	0.12%	16,947	$838K	Reduce -4.6%
MRK Merck & Co. Inc.	0.12%	6,730	$833K	Add +78.0%
NEE Nextera Energy Inc.	0.12%	11,487	$813K	Reduce -4.9%
ADI Analog Devices Inc.	0.11%	3,445	$786K	Reduce -0.1%
SDY SS SPDR S&P Dividend ETF	0.11%	6,015	$765K	No change
MCD McDonald's Corp.	0.11%	2,876	$733K	Reduce -0.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.10%	4,220	$730K	Reduce -16.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.09%	2,634	$638K	Reduce -13.9%
UNH Unitedhealth Group Inc.	0.09%	1,238	$630K	Reduce -7.1%
DXJ Wisdomtree Japan Hedged Eq	0.09%	5,552	$626K	Add +0.3%
GOOGL Alphabet Inc. Class A	0.09%	3,365	$613K	Reduce -5.4%
ES Eversource Energy	0.09%	10,761	$610K	Reduce -6.5%
SPTI SS SPDR P Int Term TSY ETF	0.09%	21,324	$597K	Reduce -35.8%
VIG Vanguard Dividend Apprec ETF	0.08%	3,146	$574K	Reduce -5.2%
MUB iShares National Muni Bond E	0.08%	5,319	$567K	Add +2.5%
HD Home Depot Inc.	0.08%	1,538	$529K	Reduce -1.7%
IWB iShares Russell 1000 ETF	0.08%	1,766	$525K	No change
ABBV Abbvie Inc.	0.07%	3,043	$522K	Reduce -2.2%
CVX Chevron Corp.	0.07%	3,294	$515K	Reduce -2.3%
AVUS Avantis U.S. Equity ETF	0.07%	5,649	$509K	No change
JPM JPMorgan Chase & Co.	0.07%	2,505	$507K	Reduce -4.2%
CVS CVS Health Corp.	0.07%	8,518	$503K	New
DFIV Dimensional International Va	0.07%	13,782	$495K	No change
ABT Abbott Laboratories	0.07%	4,673	$486K	Reduce -0.9%
SCHB Schwab US Broad Market ETF	0.07%	7,513	$472K	Add +6.3%
SCHX Schwab US Large-Cap ETF	0.07%	7,297	$469K	No change
VWO Vanguard Ftse Emerging Marke	0.06%	10,208	$447K	Reduce -12.8%
IWD iShares Russell 1000 Value E	0.06%	2,306	$402K	Reduce -6.8%
AVGO Broadcom Inc.	0.06%	249	$400K	Reduce -1.2%
SCHH Schwab US REIT ETF	0.06%	19,232	$384K	Add +0.8%
IWM iShares Russell 2000 ETF	0.05%	1,857	$377K	Reduce -0.2%
QCOM Qualcomm Inc.	0.05%	1,862	$371K	Reduce -3.3%
VZ Verizon Communications Inc.	0.05%	8,951	$369K	Add +76.1%
QQQ Invesco QQQ Trust Series 1	0.05%	703	$337K	Reduce -1.9%
VGT Vanguard Info Tech ETF	0.05%	568	$328K	Add +3.1%
AXP American Express Co.	0.04%	1,311	$304K	Reduce -1.2%
CAT Caterpillar Inc.	0.04%	909	$303K	Reduce -0.6%
P Everpure Inc. Class A filed as PURE STORAGE INC	0.04%	4,522	$290K	No change
IJH iShares Core S&P Midcap ETF	0.04%	4,930	$289K	No change
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.04%	7,142	$284K	Reduce -28.0%
HON Honeywell International Inc.	0.04%	1,281	$274K	Reduce -1.8%
META Meta Platforms Inc. Class A	0.04%	541	$273K	Reduce -9.1%
CSCO Cisco Systems Inc.	0.04%	5,736	$273K	Reduce -0.3%
TOTL SS Doubleline TR Tact ETF	0.04%	6,772	$269K	Reduce -54.4%
IJK iShares S&P Mid-Cap 400 Grow	0.04%	3,040	$268K	No change
PFE Pfizer Inc.	0.04%	9,170	$257K	Add +25.9%
CBT Cabot Corp.	0.04%	2,707	$249K	No change
IJR iShares Core S&P Small-Cap E	0.04%	2,324	$248K	Reduce -2.7%
ELV Elevance Health Inc.	0.03%	442	$240K	Reduce -5.0%
TMO Thermo Fisher Scientific Inc.	0.03%	412	$228K	Reduce -2.6%
RTX RTX Corp.	0.03%	2,268	$228K	New
IDXX Idexx Laboratories Inc.	0.03%	464	$226K	Reduce -0.4%
JEPI JPMorgan Equity Premium Inco	0.03%	3,960	$224K	New
TT Trane Technologies PLC	0.03%	678	$223K	No change
PEP Pepsico Inc.	0.03%	1,352	$223K	Reduce -0.4%
IJJ iShares S&P Mid-Cap 400 Valu	0.03%	1,940	$220K	No change
BA The Boeing Co.	0.03%	1,200	$218K	Reduce -1.5%
AFL Aflac Inc.	0.03%	2,414	$216K	Reduce -5.9%
ETN Eaton Corp. PLC	0.03%	685	$215K	Reduce -1.4%
IJT iShares S&P Small-Cap 600 GR	0.03%	1,670	$214K	No change
LOW Lowe's Cos Inc.	0.03%	955	$211K	Reduce -1.6%
AVY Avery Dennison Corp.	0.03%	950	$208K	Reduce -2.1%
IJS iShares S&P Small-Cap 600 Va	0.03%	2,126	$207K	No change
DVY iShares Select Dividend ETF	0.03%	1,680	$203K	No change
ROP Roper Technologies Inc.	0.03%	355	$200K	New

Portfolio Sells Q1 2024 → Q2 2024


ITOT iShares Core S&P Total U.S.	Reduce -7.3%	2.72%	−0.23
IDEV iShares Core MSCI Dev MKTS	Reduce -7.3%	1.24%	−0.18
DFEV Dimensional Emrg MRKT Val	Reduce -15.0%	0.60%	−0.09
SPTI SS SPDR P Int Term TSY ETF	Reduce -35.8%	0.09%	−0.05
IEMG iShares Core MSCI Emerging	Reduce -8.5%	0.54%	−0.05
TOTL SS Doubleline TR Tact ETF	Reduce -54.4%	0.04%	−0.05
DFSI Dimensional Int Sus COR1 ETF	Reduce -0.0%	0.76%	−0.05
DFSU Dimensional US Sus CORE1 ETF	Reduce -0.5%	1.56%	−0.05
IBM Intl Business Machines Corp.	Reduce -16.4%	0.10%	−0.04
GE General Electric	Sold out	0.00%	−0.04
V Visa Inc. Class A	Sold out	0.00%	−0.04
JNJ Johnson & Johnson	Reduce -4.2%	0.20%	−0.04
SWK Stanley Black & Decker Inc.	Sold out	0.00%	−0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd	Reduce -13.9%	0.09%	−0.02
BRK.B Berkshire Hathaway Inc. Class B	Reduce -4.2%	0.18%	−0.02
MCD McDonald's Corp.	Reduce -0.3%	0.11%	−0.02
BAC Bank of America Corp.	Reduce -28.0%	0.04%	−0.02
ES Eversource Energy	Reduce -6.5%	0.09%	−0.01
IVE iShares S&P 500 Value ETF	Reduce -0.0%	0.22%	−0.01
HD Home Depot Inc.	Reduce -1.7%	0.08%	−0.01
VEA Vanguard Ftse Developed ETF	Reduce -4.6%	0.12%	−0.01
ABT Abbott Laboratories	Reduce -0.9%	0.07%	−0.01
ABBV Abbvie Inc.	Reduce -2.2%	0.07%	−0.01
VWO Vanguard Ftse Emerging Marke	Reduce -12.8%	0.06%	−0.01
IWD iShares Russell 1000 Value E	Reduce -6.8%	0.06%	−0.01
DFSE Dimensional Em Sus CORE1 ETF	Reduce -2.5%	0.35%	−0.01
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -4.0%	0.21%	−0.01
VIG Vanguard Dividend Apprec ETF	Reduce -5.2%	0.08%	−0.01
UNH Unitedhealth Group Inc.	Reduce -7.1%	0.09%	−0.01
LOW Lowe's Cos Inc.	Reduce -1.6%	0.03%	−0.01
CAT Caterpillar Inc.	Reduce -0.6%	0.04%	−0.01
CVX Chevron Corp.	Reduce -2.3%	0.07%	−0.01
JPM JPMorgan Chase & Co.	Reduce -4.2%	0.07%	−0.01
IDXX Idexx Laboratories Inc.	Reduce -0.4%	0.03%	−0.01
AMZN Amazon.com Inc.	Reduce -6.2%	0.14%	−0.00
IWM iShares Russell 2000 ETF	Reduce -0.2%	0.05%	−0.00
META Meta Platforms Inc. Class A	Reduce -9.1%	0.04%	−0.00
TMO Thermo Fisher Scientific Inc.	Reduce -2.6%	0.03%	−0.00
IJR iShares Core S&P Small-Cap E	Reduce -2.7%	0.04%	−0.00
BA The Boeing Co.	Reduce -1.5%	0.03%	−0.00
CSCO Cisco Systems Inc.	Reduce -0.3%	0.04%	−0.00
PEP Pepsico Inc.	Reduce -0.4%	0.03%	−0.00
AVY Avery Dennison Corp.	Reduce -2.1%	0.03%	−0.00
AFL Aflac Inc.	Reduce -5.9%	0.03%	−0.00
ELV Elevance Health Inc.	Reduce -5.0%	0.03%	−0.00
ETN Eaton Corp. PLC	Reduce -1.4%	0.03%	−0.00
AXP American Express Co.	Reduce -1.2%	0.04%	−0.00
HON Honeywell International Inc.	Reduce -1.8%	0.04%	−0.00
KO The Coca-Cola Co.	Reduce -0.3%	0.19%	0.00
QQQ Invesco QQQ Trust Series 1	Reduce -1.9%	0.05%	+0.00

Portfolio Buys Q1 2024 → Q2 2024


DFEM Dimensional Emrg MRKT Core	Add +2.8%	8.60%	+0.33
DFAC Dimensional US Core Equity 2	Add +3.5%	28.42%	+0.19
USRT iShares Core US REIT ETF	Add +7.7%	5.49%	+0.18
CVS CVS Health Corp.	New	0.07%	+0.07
MRK Merck & Co. Inc.	Add +78.0%	0.12%	+0.05
RTX RTX Corp.	New	0.03%	+0.03
JEPI JPMorgan Equity Premium Inco	New	0.03%	+0.03
VOO Vanguard S&P 500 ETF	Add +16.7%	0.22%	+0.03
ROP Roper Technologies Inc.	New	0.03%	+0.03
VZ Verizon Communications Inc.	Add +76.1%	0.05%	+0.02
XOM Exxon Mobil Corp.	Add +14.9%	0.23%	+0.02
VUG Vanguard Mrngstar GR ETF-Sui	Add +1.9%	0.23%	+0.01
PG The Procter & Gamble Co.	Add +6.8%	0.33%	+0.01
DFAE Dimensional Emerging Core Eq	Add +5.2%	0.24%	+0.01
VTI VG Morningstar TS MKT ETF-US	Add +4.3%	0.37%	+0.01
DFAI Dimensional International Co.	Add +8.9%	0.34%	+0.01
PFE Pfizer Inc.	Add +25.9%	0.04%	+0.01
VGT Vanguard Info Tech ETF	Add +3.1%	0.05%	+0.00
SCHB Schwab US Broad Market ETF	Add +6.3%	0.07%	+0.00
DXJ Wisdomtree Japan Hedged Eq	Add +0.3%	0.09%	+0.00
MUB iShares National Muni Bond E	Add +2.5%	0.08%	−0.00
SCHH Schwab US REIT ETF	Add +0.8%	0.06%	−0.00
BND Vanguard Total Bond Market	Add +2.1%	0.15%	−0.00
JPST JPMorgan Ultra-Short Income	Add +3.3%	1.79%	−0.01
JPIE JPMorgan Income ETF	Add +3.9%	14.71%	−0.01
AGG iShares Core U.S. Aggregate	Add +3.5%	0.96%	−0.01
VGIT Vanguard Intermediate-Term T	Add +3.4%	21.35%	−0.17

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