Heritage Financial Services, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), Heritage Financial Services, LLC reported 125 stock positions worth $1.0 billion. Its top holding was Vanguard Intermediate-Term T (VGIT) at 24.3% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 23.1%) and Dimensional US Core Equity 2 (DFAC, 16.1%). Compared with Q1 2025, it opened 11 new positions, sold out of 6, added to 48 and reduced 47. The biggest buy was Avantis US Small Cap Value (AVUV, shares +54%) and the biggest sale Dimensional US Core Equity 2 (DFAC, shares −17%).
- Most Recent 13F
- Q4 2025
- Location
- Westwood, MA
- CIK
- 0001752035
- Portfolio Value
- $1.0B (Q2 2025)
- SEC Filing
- 0001172661-25-002648 ↗ filed Jul 18, 2025
Holdings Value
Holdings 125 stocks · $1.0B
| VGIT Vanguard Intermediate-Term T | 24.32% | 4,225,407 | $252.7M | Reduce -0.1% |
| IDEV iShares Core MSCI Dev MKTS | 23.05% | 3,150,680 | $239.6M | Reduce -0.8% |
| DFAC Dimensional US Core Equity 2 | 16.12% | 4,672,759 | $167.5M | Reduce -16.7% |
| JPIE JPMorgan Income ETF | 9.83% | 2,205,824 | $102.2M | Add +1.1% |
| DFEM Dimensional Emrg MRKT Core | 5.22% | 1,826,125 | $54.2M | Reduce -1.9% |
| USRT iShares Core US REIT ETF | 4.02% | 738,880 | $41.8M | Add +1.5% |
| ITOT iShares Core S&P Total U.S. | 1.74% | 133,906 | $18.1M | Reduce -5.0% |
| AVUV Avantis US Small Cap Value | 1.47% | 168,026 | $15.3M | Add +54.2% |
| DFSU Dimensional US Sus CORE1 ETF | 1.28% | 339,438 | $13.3M | Add +7.5% |
| JPST JPMorgan Ultra-Short Income | 1.25% | 256,231 | $13.0M | Reduce -0.8% |
| AAPL Apple Inc. | 0.80% | 40,720 | $8.4M | Reduce -6.7% |
| AGG iShares Core U.S. Aggregate | 0.66% | 68,934 | $6.8M | Reduce -4.3% |
| DFSI Dimensional Int Sus COR1 ETF | 0.66% | 173,376 | $6.8M | Add +0.7% |
| NVDA Nvidia Corp. | 0.64% | 42,092 | $6.7M | Add +65.9% |
| MSFT Microsoft Corp. | 0.44% | 9,212 | $4.6M | Reduce -5.3% |
| DFAI Dimensional International Co. | 0.38% | 115,145 | $4.0M | Add +2.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.35% | 12,107 | $3.7M | Reduce -12.7% |
| IEMG iShares Core MSCI Emerging | 0.34% | 57,987 | $3.5M | Reduce -8.9% |
| DFEV Dimensional Emrg MRKT Val | 0.25% | 86,021 | $2.6M | Reduce -1.7% |
| DFAE Dimensional Emerging Core Eq | 0.23% | 82,941 | $2.4M | Add +0.7% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.22% | 60,784 | $2.3M | Reduce -0.2% |
| PG The Procter & Gamble Co. | 0.22% | 14,438 | $2.3M | Add +0.4% |
| VOO Vanguard S&P 500 ETF | 0.22% | 4,017 | $2.3M | Add +24.5% |
| IVV iShares Core S&P 500 ETF | 0.21% | 3,562 | $2.2M | Add +9.1% |
| IVW iShares S&P 500 Growth ETF | 0.20% | 19,063 | $2.1M | Add +3.0% |
| AVGO Broadcom Inc. | 0.19% | 7,331 | $2.0M | Add +24.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.19% | 4,541 | $2.0M | Add +4.0% |
| IWV iShares Russell 3000 ETF | 0.19% | 5,537 | $1.9M | Reduce -3.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 2,886 | $1.8M | Add +3.5% |
| MCD McDonald's Corp. | 0.16% | 5,685 | $1.7M | Add +0.5% |
| IVE iShares S&P 500 Value ETF | 0.16% | 8,464 | $1.7M | Add +1.3% |
| IWF iShares Russell 1000 Growth | 0.15% | 3,790 | $1.6M | Add +10.7% |
| KO The Coca-Cola Co. | 0.14% | 20,757 | $1.5M | Add +0.8% |
| LLY Eli Lilly & Co. | 0.14% | 1,858 | $1.4M | Reduce -1.5% |
| COST Costco Wholesale Corp. | 0.14% | 1,457 | $1.4M | Add +0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.14% | 4,837 | $1.4M | Reduce -1.3% |
| AMZN Amazon.com Inc. | 0.13% | 6,307 | $1.4M | Add +0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.13% | 2,848 | $1.4M | Reduce -10.6% |
| JNJ Johnson & Johnson | 0.13% | 8,972 | $1.4M | Reduce -4.4% |
| XOM Exxon Mobil Corp. | 0.13% | 12,107 | $1.3M | Reduce -2.0% |
| VEA Vanguard Ftse Developed ETF | 0.12% | 21,531 | $1.2M | Add +1.9% |
| BND Vanguard Total Bond Market | 0.10% | 13,490 | $993K | Reduce -30.9% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.09% | 19,461 | $954K | Reduce -23.1% |
| V Visa Inc. Class A | 0.08% | 2,450 | $870K | Add +171.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.08% | 6,924 | $855K | Add +0.3% |
| GOOG Alphabet Inc. Class C | 0.08% | 4,697 | $833K | Reduce -18.4% |
| SDY SS SPDR S&P Dividend ETF | 0.08% | 6,085 | $826K | Add +1.2% |
| AMAT Applied Materials Inc. | 0.08% | 4,505 | $825K | Reduce -0.2% |
| NEE Nextera Energy Inc. | 0.08% | 11,805 | $820K | Add +1.6% |
| MRK Merck & Co. Inc. | 0.07% | 9,498 | $752K | Add +94.8% |
| ADI Analog Devices Inc. | 0.07% | 3,154 | $751K | Reduce -4.9% |
| JPM JPMorgan Chase & Co. | 0.07% | 2,489 | $722K | Reduce -3.6% |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 3,481 | $712K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.07% | 4,006 | $708K | Add +33.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.07% | 2,419 | $677K | Reduce -8.0% |
| META Meta Platforms Inc. Class A | 0.06% | 875 | $646K | Reduce -2.6% |
| DXJ Wisdomtree Japan Hedged Eq | 0.06% | 5,536 | $633K | No change |
| ABBV Abbvie Inc. | 0.06% | 3,373 | $626K | Reduce -8.4% |
| IWB iShares Russell 1000 ETF | 0.06% | 1,799 | $611K | Add +4.8% |
| ES Eversource Energy | 0.06% | 9,432 | $600K | No change |
| IUSG iShares Core S&P U.S. Growth | 0.06% | 3,953 | $595K | No change |
| PAYX Paychex Inc. | 0.06% | 3,932 | $572K | No change |
| HD Home Depot Inc. | 0.05% | 1,553 | $569K | Add +8.1% |
| GOOGL Alphabet Inc. Class A | 0.05% | 3,204 | $565K | Reduce -24.8% |
| AVUS Avantis U.S. Equity ETF | 0.05% | 5,573 | $562K | No change |
| SCHX Schwab US Large-Cap ETF | 0.05% | 22,274 | $544K | No change |
| SCHB Schwab US Broad Market ETF | 0.05% | 21,765 | $519K | Add +2.6% |
| ABT Abbott Laboratories | 0.05% | 3,756 | $511K | Reduce -4.7% |
| VGT Vanguard Info Tech ETF | 0.05% | 765 | $507K | Reduce -24.5% |
| MFC Manulife Financial Corp. | 0.05% | 15,107 | $483K | No change |
| AXP American Express Co. | 0.05% | 1,500 | $478K | Add +14.4% |
| MUB iShares National Muni Bond E | 0.05% | 4,567 | $477K | Reduce -0.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.05% | 851 | $469K | Add +12.6% |
| IWD iShares Russell 1000 Value E | 0.04% | 2,306 | $448K | Reduce -10.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.04% | 5,330 | $445K | Add +44.0% |
| CVX Chevron Corp. | 0.04% | 3,016 | $432K | Reduce -4.9% |
| TOTL SS Doubleline TR Tact ETF | 0.04% | 10,521 | $422K | Reduce -6.5% |
| TRMB Trimble Inc. | 0.04% | 5,341 | $406K | Reduce -18.7% |
| T AT&T Inc. | 0.04% | 13,899 | $402K | Add +35.5% |
| SCHH Schwab US REIT ETF | 0.04% | 18,538 | $392K | Reduce -4.5% |
| VZ Verizon Communications Inc. | 0.04% | 8,911 | $386K | Add +43.7% |
| IWM iShares Russell 2000 ETF | 0.04% | 1,785 | $385K | Add +2.2% |
| QCOM Qualcomm Inc. | 0.04% | 2,341 | $373K | Add +29.1% |
| SPTI SS SPDR P Int Term TSY ETF | 0.04% | 12,902 | $371K | No change |
| DFIV Dimensional International Va | 0.04% | 8,646 | $370K | No change |
| CAT Caterpillar Inc. | 0.03% | 909 | $353K | Reduce -7.2% |
| VWO Vanguard Ftse Emerging Marke | 0.03% | 6,924 | $342K | Reduce -5.4% |
| UNH Unitedhealth Group Inc. | 0.03% | 1,070 | $334K | Reduce -0.1% |
| VXUS Vanguard Total Intl Stock | 0.03% | 4,599 | $318K | Reduce -74.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.03% | 6,618 | $313K | Reduce -9.9% |
| CSCO Cisco Systems Inc. | 0.03% | 4,502 | $312K | Reduce -10.2% |
| TT Trane Technologies PLC | 0.03% | 710 | $311K | Add +4.7% |
| WMT Walmart Inc. | 0.03% | 2,997 | $293K | No change |
| ADP Automatic Data Processing | 0.03% | 937 | $289K | Add +0.1% |
| IWR iShares Russell Mid-Cap ETF | 0.03% | 3,129 | $288K | Add +3.8% |
| RTX RTX Corp. | 0.03% | 1,920 | $280K | Add +1.8% |
| DVY iShares Select Dividend ETF | 0.03% | 2,064 | $274K | Reduce -1.2% |
| VXF Vanguard Extended Market ETF | 0.03% | 1,390 | $268K | Add +8.2% |
| BA The Boeing Co. | 0.03% | 1,263 | $265K | Reduce -0.1% |
| RWL Invesco S&P 500 Revenue ETF | 0.03% | 2,521 | $263K | New |
Portfolio Sells Q1 2025 → Q2 2025
| DFAC Dimensional US Core Equity 2 | Reduce -16.7% | 16.12% | −2.21 |
| VGIT Vanguard Intermediate-Term T | Reduce -0.1% | 24.32% | −0.56 |
| AAPL Apple Inc. | Reduce -6.7% | 0.80% | −0.16 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.09 |
| VXUS Vanguard Total Intl Stock | Reduce -74.2% | 0.03% | −0.08 |
| AGG iShares Core U.S. Aggregate | Reduce -4.3% | 0.66% | −0.05 |
| BND Vanguard Total Bond Market | Reduce -30.9% | 0.10% | −0.05 |
| JPST JPMorgan Ultra-Short Income | Reduce -0.8% | 1.25% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -10.6% | 0.13% | −0.03 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -23.1% | 0.09% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Sold out | 0.00% | −0.03 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.03 |
| UNH Unitedhealth Group Inc. | Reduce -0.1% | 0.03% | −0.02 |
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -12.7% | 0.35% | −0.02 |
| JNJ Johnson & Johnson | Reduce -4.4% | 0.13% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -2.0% | 0.13% | −0.02 |
| SPLV Invesco S&P 500 Low Volatili | Sold out | 0.00% | −0.02 |
| ABBV Abbvie Inc. | Reduce -8.4% | 0.06% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -1.5% | 0.14% | −0.01 |
| CVX Chevron Corp. | Reduce -4.9% | 0.04% | −0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -24.8% | 0.05% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -18.4% | 0.08% | −0.01 |
| VGT Vanguard Info Tech ETF | Reduce -24.5% | 0.05% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -8.9% | 0.34% | −0.01 |
| IWD iShares Russell 1000 Value E | Reduce -10.8% | 0.04% | −0.01 |
| TOTL SS Doubleline TR Tact ETF | Reduce -6.5% | 0.04% | −0.00 |
| SCHH Schwab US REIT ETF | Reduce -4.5% | 0.04% | −0.00 |
| TRMB Trimble Inc. | Reduce -18.7% | 0.04% | −0.00 |
| ABT Abbott Laboratories | Reduce -4.7% | 0.05% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -8.0% | 0.07% | −0.00 |
| MUB iShares National Muni Bond E | Reduce -0.7% | 0.05% | −0.00 |
| MMM 3M Co. | Reduce -9.2% | 0.02% | −0.00 |
| UNP Union Pacific Corp. | Reduce -3.4% | 0.02% | −0.00 |
| DVY iShares Select Dividend ETF | Reduce -1.2% | 0.03% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -10.2% | 0.03% | −0.00 |
| BAC Bank of America Corp. | Reduce -9.9% | 0.03% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -5.4% | 0.03% | +0.00 |
| CAT Caterpillar Inc. | Reduce -7.2% | 0.03% | +0.00 |
| BA The Boeing Co. | Reduce -0.1% | 0.03% | +0.00 |
| IWV iShares Russell 3000 ETF | Reduce -3.9% | 0.19% | +0.01 |
| ADI Analog Devices Inc. | Reduce -4.9% | 0.07% | +0.01 |
| JPM JPMorgan Chase & Co. | Reduce -3.6% | 0.07% | +0.01 |
| META Meta Platforms Inc. Class A | Reduce -2.6% | 0.06% | +0.01 |
| DFEV Dimensional Emrg MRKT Val | Reduce -1.7% | 0.25% | +0.01 |
| AMAT Applied Materials Inc. | Reduce -0.2% | 0.08% | +0.01 |
| IBM Intl Business Machines Corp. | Reduce -1.3% | 0.14% | +0.02 |
| DFSE Dimensional Em Sus CORE1 ETF | Reduce -0.2% | 0.22% | +0.02 |
| ITOT iShares Core S&P Total U.S. | Reduce -5.0% | 1.74% | +0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| AVUV Avantis US Small Cap Value | Add +54.2% | 1.47% | +0.53 |
| NVDA Nvidia Corp. | Add +65.9% | 0.64% | +0.37 |
| DFSU Dimensional US Sus CORE1 ETF | Add +7.5% | 1.28% | +0.16 |
| AVGO Broadcom Inc. | Add +24.7% | 0.19% | +0.10 |
| DFSI Dimensional Int Sus COR1 ETF | Add +0.7% | 0.66% | +0.06 |
| VOO Vanguard S&P 500 ETF | Add +24.5% | 0.22% | +0.06 |
| V Visa Inc. Class A | Add +171.3% | 0.08% | +0.05 |
| DFAI Dimensional International Co. | Add +2.5% | 0.38% | +0.04 |
| IWF iShares Russell 1000 Growth | Add +10.7% | 0.15% | +0.03 |
| IVW iShares S&P 500 Growth ETF | Add +3.0% | 0.20% | +0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +4.0% | 0.19% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +9.1% | 0.21% | +0.03 |
| MRK Merck & Co. Inc. | Add +94.8% | 0.07% | +0.03 |
| RWL Invesco S&P 500 Revenue ETF | New | 0.03% | +0.03 |
| GE General Electric | New | 0.02% | +0.02 |
| CI The Cigna Group | New | 0.02% | +0.02 |
| HON Honeywell International Inc. | New | 0.02% | +0.02 |
| AMGN Amgen Inc. | New | 0.02% | +0.02 |
| VT Vanguard Tot World STK ETF | New | 0.02% | +0.02 |
| ETN Eaton Corp. PLC | New | 0.02% | +0.02 |
| IDXX Idexx Laboratories Inc. | New | 0.02% | +0.02 |
| AMD Advanced Micro Devices | New | 0.02% | +0.02 |
| DFAE Dimensional Emerging Core Eq | Add +0.7% | 0.23% | +0.02 |
| TXN Texas Instruments Inc. | New | 0.02% | +0.02 |
| TRV The Travelers Cos Inc. | New | 0.02% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.5% | 0.17% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +33.0% | 0.07% | +0.02 |
| AMZN Amazon.com Inc. | Add +0.7% | 0.13% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +44.0% | 0.04% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +1.9% | 0.12% | +0.01 |
| AXP American Express Co. | Add +14.4% | 0.05% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +12.6% | 0.05% | +0.01 |
| T AT&T Inc. | Add +35.5% | 0.04% | +0.01 |
| VZ Verizon Communications Inc. | Add +43.7% | 0.04% | +0.01 |
| QCOM Qualcomm Inc. | Add +29.1% | 0.04% | +0.01 |
| TT Trane Technologies PLC | Add +4.7% | 0.03% | +0.01 |
| IWB iShares Russell 1000 ETF | Add +4.8% | 0.06% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +2.6% | 0.05% | +0.00 |
| VXF Vanguard Extended Market ETF | Add +8.2% | 0.03% | +0.00 |
| COST Costco Wholesale Corp. | Add +0.3% | 0.14% | +0.00 |
| HD Home Depot Inc. | Add +8.1% | 0.05% | +0.00 |
| IWM iShares Russell 2000 ETF | Add +2.2% | 0.04% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +3.8% | 0.03% | +0.00 |
| RTX RTX Corp. | Add +1.8% | 0.03% | +0.00 |
| VYM Vanguard High DVD Yield ETF | Add +10.6% | 0.02% | +0.00 |
| IVE iShares S&P 500 Value ETF | Add +1.3% | 0.16% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +0.6% | 0.02% | +0.00 |
| ADP Automatic Data Processing | Add +0.1% | 0.03% | −0.00 |
| TJX TJX Companies Inc. | Add +0.3% | 0.08% | −0.00 |
| ROP Roper Technologies Inc. | Add +1.1% | 0.02% | −0.00 |
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 |