Heritage Financial Services, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 23, 2024), Heritage Financial Services, LLC reported 110 stock positions worth $752.1 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 28.1% of the portfolio, followed by Vanguard Intermediate-Term T (VGIT, 21.4%) and JPMorgan Income ETF (JPIE, 14.6%). Compared with Q2 2024, it opened 9 new positions, sold out of 4, added to 35 and reduced 41. The biggest buy was iShares Core US REIT ETF (USRT, shares +3%) and the biggest sale iShares Core S&P Total U.S. (ITOT, shares −5%).

Most Recent 13F
Q4 2025
Location
Westwood, MA
CIK
0001752035
Portfolio Value
$752.1M (Q3 2024)
SEC Filing
0001172661-24-004334 ↗ filed Oct 23, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $672.1M Q1 2024 Q2 2024: $697.1M Q2 2024 Q3 2024: $752.1M $752.1M Q3 2024 Q4 2024: $753.0M Q4 2024 Q1 2025: $1.0B Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.2B Q4 2025

Holdings 110 stocks · $752.1M
DFAC Dimensional US Core Equity 2 28.12% 6,168,476 $211.5M Add +0.4%
VGIT Vanguard Intermediate-Term T 21.35% 2,658,155 $160.6M Add +4.0%
JPIE JPMorgan Income ETF 14.60% 2,366,448 $109.8M Add +5.0%
DFEM Dimensional Emrg MRKT Core 8.71% 2,328,335 $65.5M Add +3.8%
USRT iShares Core US REIT ETF 6.01% 734,016 $45.2M Add +2.6%
ITOT iShares Core S&P Total U.S. 2.52% 151,160 $19.0M Reduce -5.1%
JPST JPMorgan Ultra-Short Income 1.79% 265,894 $13.5M Add +7.8%
DFSU Dimensional US Sus CORE1 ETF 1.54% 310,642 $11.5M Reduce -0.7%
IDEV iShares Core MSCI Dev MKTS 1.20% 127,609 $9.0M Reduce -3.1%
AAPL Apple Inc. 1.13% 36,619 $8.5M Add +9.0%
AGG iShares Core U.S. Aggregate 0.95% 70,430 $7.1M Add +2.6%
DFSI Dimensional Int Sus COR1 ETF 0.79% 165,868 $5.9M Add +2.6%
DFEV Dimensional Emrg MRKT Val 0.56% 148,672 $4.2M Reduce -1.7%
IEMG iShares Core MSCI Emerging 0.52% 67,916 $3.9M Reduce -4.2%
MSFT Microsoft Corp. 0.47% 8,157 $3.5M Reduce -0.1%
NVDA Nvidia Corp. 0.43% 26,353 $3.2M Reduce -1.5%
DFAI Dimensional International Co. 0.37% 88,044 $2.8M Add +10.5%
DFSE Dimensional Em Sus CORE1 ETF 0.35% 73,429 $2.6M Add +0.1%
PG The Procter & Gamble Co. 0.33% 14,531 $2.5M Add +5.5%
VTI VG Morningstar TS MKT ETF-US 0.33% 8,721 $2.5M Reduce -9.9%
IWV iShares Russell 3000 ETF 0.28% 6,416 $2.1M Reduce -8.1%
IVW iShares S&P 500 Growth ETF 0.26% 20,036 $1.9M Reduce -0.6%
DFAE Dimensional Emerging Core Eq 0.25% 67,965 $1.9M Add +6.5%
XOM Exxon Mobil Corp. 0.24% 15,681 $1.8M Add +14.8%
IVV iShares Core S&P 500 ETF 0.22% 2,919 $1.7M Add +2.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.22% 4,338 $1.7M No change
IVE iShares S&P 500 Value ETF 0.22% 8,397 $1.7M Reduce -0.5%
MCD McDonald's Corp. 0.22% 5,374 $1.6M Add +86.9%
LLY Eli Lilly & Co. 0.22% 1,828 $1.6M No change
VOO Vanguard S&P 500 ETF 0.21% 2,997 $1.6M Reduce -2.3%
JNJ Johnson & Johnson 0.21% 9,557 $1.5M Reduce -1.6%
KO The Coca-Cola Co. 0.20% 21,126 $1.5M Add +0.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.20% 2,595 $1.5M Reduce -3.2%
BRK.B Berkshire Hathaway Inc. Class B 0.20% 3,189 $1.5M Add +4.3%
IWF iShares Russell 1000 Growth 0.18% 3,535 $1.3M Reduce -2.2%
COST Costco Wholesale Corp. 0.17% 1,445 $1.3M No change
BND Vanguard Total Bond Market 0.15% 15,127 $1.1M Add +4.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 4,688 $1.0M Add +11.1%
VTEB Vanguard Tax-Exempt Bond ETF 0.14% 20,085 $1.0M Reduce -0.2%
NEE Nextera Energy Inc. 0.13% 11,487 $971K No change
AMZN Amazon.com Inc. 0.12% 5,035 $938K Add +2.6%
AMAT Applied Materials Inc. 0.12% 4,514 $912K Reduce -9.1%
VEA Vanguard Ftse Developed ETF 0.11% 16,333 $863K Reduce -3.6%
SDY SS SPDR S&P Dividend ETF 0.11% 6,015 $854K No change
GOOG Alphabet Inc. Class C 0.11% 4,794 $801K Add +0.8%
MRK Merck & Co. Inc. 0.10% 6,713 $762K Reduce -0.3%
ADI Analog Devices Inc. 0.10% 3,163 $728K Reduce -8.2%
UNH Unitedhealth Group Inc. 0.09% 1,155 $675K Reduce -6.7%
ABBV Abbvie Inc. 0.09% 3,393 $670K Add +11.5%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.09% 2,473 $652K Reduce -6.1%
ES Eversource Energy 0.09% 9,432 $642K Reduce -12.3%
VIG Vanguard Dividend Apprec ETF 0.08% 3,146 $623K No change
SPTI SS SPDR P Int Term TSY ETF 0.08% 21,324 $620K No change
CVX Chevron Corp. 0.08% 3,994 $588K Add +21.3%
HD Home Depot Inc. 0.08% 1,451 $588K Reduce -5.7%
DXJ Wisdomtree Japan Hedged Eq 0.08% 5,536 $587K Reduce -0.3%
MUB iShares National Muni Bond E 0.07% 5,190 $564K Reduce -2.4%
IWB iShares Russell 1000 ETF 0.07% 1,766 $555K No change
CVS CVS Health Corp. 0.07% 8,814 $554K Add +3.5%
AVUS Avantis U.S. Equity ETF 0.07% 5,649 $538K No change
GOOGL Alphabet Inc. Class A 0.07% 3,235 $537K Reduce -3.9%
JPM JPMorgan Chase & Co. 0.07% 2,529 $533K Add +1.0%
ABT Abbott Laboratories 0.07% 4,528 $516K Reduce -3.1%
SCHX Schwab US Large-Cap ETF 0.07% 7,297 $495K No change
DFIV Dimensional International Va 0.06% 12,643 $481K Reduce -8.3%
SCHH Schwab US REIT ETF 0.06% 20,330 $471K Add +5.7%
SCHB Schwab US Broad Market ETF 0.06% 7,071 $470K Reduce -5.9%
VWO Vanguard Ftse Emerging Marke 0.06% 9,295 $445K Reduce -8.9%
IWD iShares Russell 1000 Value E 0.06% 2,306 $438K No change
AVGO Broadcom Inc. 0.06% 2,496 $431K Add +0.2%
VZ Verizon Communications Inc. 0.05% 8,688 $390K Reduce -2.9%
IWM iShares Russell 2000 ETF 0.05% 1,747 $386K Reduce -5.9%
QQQ Invesco QQQ Trust Series 1 0.05% 782 $382K Add +11.2%
META Meta Platforms Inc. Class A 0.05% 655 $375K Add +21.1%
AXP American Express Co. 0.05% 1,311 $356K No change
CAT Caterpillar Inc. 0.05% 909 $356K No change
IJH iShares Core S&P Midcap ETF 0.04% 5,265 $328K Add +6.8%
VGT Vanguard Info Tech ETF 0.04% 551 $323K Reduce -3.0%
QCOM Qualcomm Inc. 0.04% 1,835 $312K Reduce -1.4%
CBT Cabot Corp. 0.04% 2,707 $303K No change
LOW Lowe's Cos Inc. 0.04% 1,080 $293K Add +13.1%
TOTL SS Doubleline TR Tact ETF 0.04% 6,772 $280K No change
IJK iShares S&P Mid-Cap 400 Grow 0.04% 3,040 $279K No change
IJR iShares Core S&P Small-Cap E 0.04% 2,370 $277K Add +2.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 6,926 $275K Reduce -3.0%
PFE Pfizer Inc. 0.04% 9,370 $271K Add +2.2%
AFL Aflac Inc. 0.04% 2,414 $270K No change
DVY iShares Select Dividend ETF 0.04% 1,970 $266K Add +17.3%
TT Trane Technologies PLC 0.04% 678 $264K No change
CSCO Cisco Systems Inc. 0.03% 4,836 $257K Reduce -15.7%
TMO Thermo Fisher Scientific Inc. 0.03% 412 $255K No change
SWK Stanley Black & Decker Inc. 0.03% 2,294 $253K New
IJJ iShares S&P Mid-Cap 400 Valu 0.03% 1,940 $240K No change
WMT Walmart Inc. 0.03% 2,869 $232K New
IJT iShares S&P Small-Cap 600 GR 0.03% 1,654 $231K Reduce -1.0%
ELV Elevance Health Inc. 0.03% 442 $230K No change
IJS iShares S&P Small-Cap 600 Va 0.03% 2,126 $229K No change
P Everpure Inc. Class A filed as PURE STORAGE INC 0.03% 4,522 $227K No change
ETN Eaton Corp. PLC 0.03% 685 $227K No change
HON Honeywell International Inc. 0.03% 1,094 $226K Reduce -14.6%

Show all 110 holdings

Portfolio Sells Q2 2024 → Q3 2024
ITOT iShares Core S&P Total U.S. Reduce -5.1% 2.52% −0.19
MSFT Microsoft Corp. Reduce -0.1% 0.47% −0.06
NVDA Nvidia Corp. Reduce -1.5% 0.43% −0.05
AMAT Applied Materials Inc. Reduce -9.1% 0.12% −0.05
VTI VG Morningstar TS MKT ETF-US Reduce -9.9% 0.33% −0.04
IDEV iShares Core MSCI Dev MKTS Reduce -3.1% 1.20% −0.04
DFEV Dimensional Emrg MRKT Val Reduce -1.7% 0.56% −0.03
RTX RTX Corp. Sold out 0.00% −0.03
JEPI JPMorgan Equity Premium Inco Sold out 0.00% −0.03
BA The Boeing Co. Sold out 0.00% −0.03
IWV iShares Russell 3000 ETF Reduce -8.1% 0.28% −0.03
ROP Roper Technologies Inc. Sold out 0.00% −0.03
DFSU Dimensional US Sus CORE1 ETF Reduce -0.7% 1.54% −0.03
IEMG iShares Core MSCI Emerging Reduce -4.2% 0.52% −0.03
MRK Merck & Co. Inc. Reduce -0.3% 0.10% −0.02
GOOGL Alphabet Inc. Class A Reduce -3.9% 0.07% −0.02
ADI Analog Devices Inc. Reduce -8.2% 0.10% −0.02
IVW iShares S&P 500 Growth ETF Reduce -0.6% 0.26% −0.01
IWF iShares Russell 1000 Growth Reduce -2.2% 0.18% −0.01
DXJ Wisdomtree Japan Hedged Eq Reduce -0.3% 0.08% −0.01
QCOM Qualcomm Inc. Reduce -1.4% 0.04% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -3.2% 0.20% −0.01
VOO Vanguard S&P 500 ETF Reduce -2.3% 0.21% −0.01
HON Honeywell International Inc. Reduce -14.6% 0.03% −0.01
VTEB Vanguard Tax-Exempt Bond ETF Reduce -0.2% 0.14% −0.01
DFIV Dimensional International Va Reduce -8.3% 0.06% −0.01
MUB iShares National Muni Bond E Reduce -2.4% 0.07% −0.01
VEA Vanguard Ftse Developed ETF Reduce -3.6% 0.11% −0.01
SCHB Schwab US Broad Market ETF Reduce -5.9% 0.06% −0.01
IDXX Idexx Laboratories Inc. Reduce -11.8% 0.03% −0.01
CSCO Cisco Systems Inc. Reduce -15.7% 0.03% −0.00
VWO Vanguard Ftse Emerging Marke Reduce -8.9% 0.06% −0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -6.1% 0.09% −0.00
BAC Bank of America Corp. Reduce -3.0% 0.04% −0.00
VGT Vanguard Info Tech ETF Reduce -3.0% 0.04% −0.00
PEP Pepsico Inc. Reduce -5.5% 0.03% −0.00
IWM iShares Russell 2000 ETF Reduce -5.9% 0.05% −0.00
ES Eversource Energy Reduce -12.3% 0.09% −0.00
VZ Verizon Communications Inc. Reduce -2.9% 0.05% −0.00
ABT Abbott Laboratories Reduce -3.1% 0.07% −0.00
UNH Unitedhealth Group Inc. Reduce -6.7% 0.09% −0.00
IVE iShares S&P 500 Value ETF Reduce -0.5% 0.22% −0.00
IJT iShares S&P Small-Cap 600 GR Reduce -1.0% 0.03% −0.00
HD Home Depot Inc. Reduce -5.7% 0.08% +0.00
JNJ Johnson & Johnson Reduce -1.6% 0.21% +0.00

Portfolio Buys Q2 2024 → Q3 2024
USRT iShares Core US REIT ETF Add +2.6% 6.01% +0.51
AAPL Apple Inc. Add +9.0% 1.13% +0.12
MCD McDonald's Corp. Add +86.9% 0.22% +0.11
DFEM Dimensional Emrg MRKT Core Add +3.8% 8.71% +0.11
SWK Stanley Black & Decker Inc. New 0.03% +0.03
IBM Intl Business Machines Corp. Add +11.1% 0.14% +0.03
DFAI Dimensional International Co. Add +10.5% 0.37% +0.03
WMT Walmart Inc. New 0.03% +0.03
ORCL Oracle Corp. New 0.03% +0.03
TPL Texas Pacific Land Corp. New 0.03% +0.03
CL Colgate-Palmolive Co. New 0.03% +0.03
ADP Automatic Data Processing New 0.03% +0.03
V Visa Inc. Class A New 0.03% +0.03
TXN Texas Instruments Inc. New 0.03% +0.03
IWR iShares Russell Mid-Cap ETF New 0.03% +0.03
DFSI Dimensional Int Sus COR1 ETF Add +2.6% 0.79% +0.02
XOM Exxon Mobil Corp. Add +14.8% 0.24% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +4.3% 0.20% +0.02
ABBV Abbvie Inc. Add +11.5% 0.09% +0.01
DFAE Dimensional Emerging Core Eq Add +6.5% 0.25% +0.01
META Meta Platforms Inc. Class A Add +21.1% 0.05% +0.01
KO The Coca-Cola Co. Add +0.5% 0.20% +0.01
PG The Procter & Gamble Co. Add +5.5% 0.33% +0.01
LOW Lowe's Cos Inc. Add +13.1% 0.04% +0.01
JPST JPMorgan Ultra-Short Income Add +7.8% 1.79% +0.01
SCHH Schwab US REIT ETF Add +5.7% 0.06% +0.01
DVY iShares Select Dividend ETF Add +17.3% 0.04% +0.01
CVX Chevron Corp. Add +21.3% 0.08% +0.00
QQQ Invesco QQQ Trust Series 1 Add +11.2% 0.05% +0.00
VGIT Vanguard Intermediate-Term T Add +4.0% 21.35% +0.00
IJH iShares Core S&P Midcap ETF Add +6.8% 0.04% +0.00
BND Vanguard Total Bond Market Add +4.6% 0.15% +0.00
CVS CVS Health Corp. Add +3.5% 0.07% +0.00
IJR iShares Core S&P Small-Cap E Add +2.0% 0.04% +0.00
IVV iShares Core S&P 500 ETF Add +2.7% 0.22% +0.00
AVGO Broadcom Inc. Add +0.2% 0.06% −0.00
PFE Pfizer Inc. Add +2.2% 0.04% −0.00
JPM JPMorgan Chase & Co. Add +1.0% 0.07% −0.00
DFSE Dimensional Em Sus CORE1 ETF Add +0.1% 0.35% −0.01
AGG iShares Core U.S. Aggregate Add +2.6% 0.95% −0.01
AMZN Amazon.com Inc. Add +2.6% 0.12% −0.01
GOOG Alphabet Inc. Class C Add +0.8% 0.11% −0.02
JPIE JPMorgan Income ETF Add +5.0% 14.60% −0.11
DFAC Dimensional US Core Equity 2 Add +0.4% 28.12% −0.30

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 126$1.2BVGIT, IDEV, DFAC, JPIE, DFEM
Q3 2025 134$1.1BVGIT, IDEV, DFAC, JPIE, DFEM
Q2 2025 125$1.0BVGIT, IDEV, DFAC, JPIE, DFEM
Q1 2025 120$1.0BVGIT, IDEV, DFAC, JPIE, DFEM
Q4 2024 117$753.0MDFAC, VGIT, JPIE, DFEM, USRT
Q3 2024 110$752.1MDFAC, VGIT, JPIE, DFEM, USRT
Q2 2024 105$697.1MDFAC, VGIT, JPIE, DFEM, USRT
Q1 2024 104$672.1MDFAC, VGIT, JPIE, DFEM, USRT