Heritage Financial Services, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Heritage Financial Services, LLC reported 134 stock positions worth $1.1 billion. Its top holding was Vanguard Intermediate-Term T (VGIT) at 23.8% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 23.2%) and Dimensional US Core Equity 2 (DFAC, 16.0%). Compared with Q2 2025, it opened 16 new positions, sold out of 7, added to 45 and reduced 54. The biggest buy was iShares Core MSCI Dev MKTS (IDEV, shares +2%) and the biggest sale Dimensional US Core Equity 2 (DFAC, shares −1%).
- Most Recent 13F
- Q4 2025
- Location
- Westwood, MA
- CIK
- 0001752035
- Portfolio Value
- $1.1B (Q3 2025)
- SEC Filing
- 0001172661-25-004494 ↗ filed Oct 30, 2025
Holdings Value
Holdings 134 stocks · $1.1B
| VGIT Vanguard Intermediate-Term T | 23.79% | 4,409,449 | $264.7M | Add +4.4% |
| IDEV iShares Core MSCI Dev MKTS | 23.22% | 3,222,057 | $258.3M | Add +2.3% |
| DFAC Dimensional US Core Equity 2 | 16.02% | 4,621,024 | $178.2M | Reduce -1.1% |
| JPIE JPMorgan Income ETF | 9.62% | 2,305,382 | $107.0M | Add +4.5% |
| DFEM Dimensional Emrg MRKT Core | 5.16% | 1,790,493 | $57.4M | Reduce -1.9% |
| USRT iShares Core US REIT ETF | 4.11% | 778,350 | $45.7M | Add +5.3% |
| ITOT iShares Core S&P Total U.S. | 1.72% | 131,374 | $19.1M | Reduce -1.9% |
| AVUV Avantis US Small Cap Value | 1.61% | 179,957 | $17.9M | Add +7.1% |
| DFSU Dimensional US Sus CORE1 ETF | 1.29% | 338,010 | $14.4M | Reduce -0.4% |
| JPST JPMorgan Ultra-Short Income | 1.18% | 259,107 | $13.1M | Add +1.1% |
| AAPL Apple Inc. | 0.96% | 41,904 | $10.7M | Add +2.9% |
| AGG iShares Core U.S. Aggregate | 0.71% | 78,447 | $7.9M | Add +13.8% |
| NVDA Nvidia Corp. | 0.69% | 40,884 | $7.6M | Reduce -2.9% |
| DFSI Dimensional Int Sus COR1 ETF | 0.63% | 171,850 | $7.0M | Reduce -0.9% |
| MSFT Microsoft Corp. | 0.43% | 9,144 | $4.7M | Reduce -0.7% |
| DFAI Dimensional International Co. | 0.41% | 126,324 | $4.6M | Add +9.7% |
| IEMG iShares Core MSCI Emerging | 0.33% | 55,238 | $3.6M | Reduce -4.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.31% | 10,658 | $3.5M | Reduce -12.0% |
| DFAE Dimensional Emerging Core Eq | 0.27% | 94,825 | $3.0M | Add +14.3% |
| AVGO Broadcom Inc. | 0.24% | 8,226 | $2.7M | Add +12.2% |
| DFEV Dimensional Emrg MRKT Val | 0.24% | 84,340 | $2.7M | Reduce -1.9% |
| VOO Vanguard S&P 500 ETF | 0.24% | 4,325 | $2.6M | Add +7.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.23% | 3,789 | $2.5M | Add +31.3% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.22% | 58,856 | $2.4M | Reduce -3.2% |
| IVV iShares Core S&P 500 ETF | 0.21% | 3,563 | $2.4M | Add +0.0% |
| IVW iShares S&P 500 Growth ETF | 0.20% | 18,538 | $2.2M | Reduce -2.8% |
| PG The Procter & Gamble Co. | 0.20% | 14,422 | $2.2M | Reduce -0.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.20% | 4,617 | $2.2M | Add +1.7% |
| IWV iShares Russell 3000 ETF | 0.18% | 5,395 | $2.0M | Reduce -2.6% |
| IWF iShares Russell 1000 Growth | 0.17% | 4,098 | $1.9M | Add +8.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.16% | 3,527 | $1.8M | Add +23.8% |
| MCD McDonald's Corp. | 0.16% | 5,751 | $1.7M | Add +1.2% |
| IVE iShares S&P 500 Value ETF | 0.16% | 8,411 | $1.7M | Reduce -0.6% |
| JNJ Johnson & Johnson | 0.15% | 8,776 | $1.6M | Reduce -2.2% |
| LLY Eli Lilly & Co. | 0.13% | 1,827 | $1.4M | Reduce -1.7% |
| KO The Coca-Cola Co. | 0.12% | 20,538 | $1.4M | Reduce -1.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 4,816 | $1.4M | Reduce -0.4% |
| XOM Exxon Mobil Corp. | 0.12% | 11,923 | $1.3M | Reduce -1.5% |
| COST Costco Wholesale Corp. | 0.12% | 1,449 | $1.3M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 0.11% | 5,646 | $1.2M | Reduce -10.5% |
| GOOG Alphabet Inc. Class C | 0.10% | 4,749 | $1.2M | Add +1.1% |
| VEA Vanguard Ftse Developed ETF | 0.10% | 19,207 | $1.2M | Reduce -10.8% |
| BND Vanguard Total Bond Market | 0.09% | 13,550 | $1.0M | Add +0.4% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.09% | 19,257 | $964K | Reduce -1.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.09% | 6,642 | $960K | Reduce -4.1% |
| AMAT Applied Materials Inc. | 0.08% | 4,542 | $930K | Add +0.8% |
| JPM JPMorgan Chase & Co. | 0.08% | 2,831 | $893K | Add +13.7% |
| ABBV Abbvie Inc. | 0.08% | 3,819 | $884K | Add +13.2% |
| NEE Nextera Energy Inc. | 0.08% | 11,313 | $854K | Reduce -4.2% |
| SDY SS SPDR S&P Dividend ETF | 0.08% | 6,015 | $842K | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 0.07% | 3,334 | $810K | Add +4.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.07% | 4,342 | $810K | Add +8.4% |
| IAU iShares Gold Trust | 0.07% | 11,065 | $805K | New |
| IWB iShares Russell 1000 ETF | 0.07% | 2,146 | $784K | Add +19.3% |
| ADI Analog Devices Inc. | 0.07% | 3,145 | $773K | Reduce -0.3% |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 3,553 | $767K | Add +2.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.06% | 2,460 | $723K | Add +1.7% |
| DXJ Wisdomtree Japan Hedged Eq | 0.06% | 5,536 | $709K | No change |
| HD Home Depot Inc. | 0.06% | 1,748 | $708K | Add +12.6% |
| ES Eversource Energy | 0.06% | 9,441 | $672K | Add +0.1% |
| IUSG iShares Core S&P U.S. Growth | 0.06% | 3,953 | $650K | No change |
| GLD SPDR Gold Shares | 0.06% | 1,785 | $635K | New |
| VYM Vanguard High DVD Yield ETF | 0.06% | 4,370 | $616K | Add +149.9% |
| AVUS Avantis U.S. Equity ETF | 0.05% | 5,573 | $606K | No change |
| SCHX Schwab US Large-Cap ETF | 0.05% | 22,274 | $587K | No change |
| IGOV iShares International Treasu | 0.05% | 13,546 | $577K | New |
| SCHB Schwab US Broad Market ETF | 0.05% | 21,613 | $556K | Reduce -0.7% |
| AXP American Express Co. | 0.05% | 1,603 | $532K | Add +6.9% |
| VGT Vanguard Info Tech ETF | 0.05% | 705 | $526K | Reduce -7.8% |
| PAYX Paychex Inc. | 0.04% | 3,934 | $499K | Add +0.1% |
| ABT Abbott Laboratories | 0.04% | 3,678 | $493K | Reduce -2.1% |
| CVX Chevron Corp. | 0.04% | 3,152 | $489K | Add +4.5% |
| MUB iShares National Muni Bond E | 0.04% | 4,567 | $486K | No change |
| MFC Manulife Financial Corp. | 0.04% | 15,107 | $471K | No change |
| IWD iShares Russell 1000 Value E | 0.04% | 2,306 | $469K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.04% | 5,330 | $465K | No change |
| META Meta Platforms Inc. Class A | 0.04% | 627 | $460K | Reduce -28.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.04% | 743 | $446K | Reduce -12.7% |
| MRK Merck & Co. Inc. | 0.04% | 5,257 | $441K | Reduce -44.6% |
| V Visa Inc. Class A | 0.04% | 1,283 | $438K | Reduce -47.6% |
| TRMB Trimble Inc. | 0.04% | 5,341 | $436K | No change |
| IWM iShares Russell 2000 ETF | 0.04% | 1,802 | $436K | Add +0.9% |
| CAT Caterpillar Inc. | 0.04% | 911 | $435K | Add +0.2% |
| TOTL SS Doubleline TR Tact ETF | 0.04% | 10,521 | $427K | No change |
| DFIV Dimensional International Va | 0.04% | 8,646 | $399K | No change |
| SCHH Schwab US REIT ETF | 0.04% | 18,456 | $398K | Reduce -0.4% |
| TSLA Tesla Inc. | 0.03% | 861 | $383K | New |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.03% | 4,522 | $379K | No change |
| SPTI SS SPDR P Int Term TSY ETF | 0.03% | 12,902 | $373K | No change |
| VXUS Vanguard Total Intl Stock | 0.03% | 5,036 | $370K | Add +9.5% |
| TPL Texas Pacific Land Corp. | 0.03% | 396 | $370K | Add +61.0% |
| RTX RTX Corp. | 0.03% | 2,184 | $365K | Add +13.8% |
| SHW The Sherwin-Williams Co. | 0.03% | 963 | $333K | New |
| VWO Vanguard Ftse Emerging Marke | 0.03% | 6,114 | $331K | Reduce -11.7% |
| UNH Unitedhealth Group Inc. | 0.03% | 959 | $331K | Reduce -10.4% |
| ISHG iShares -3 Year Internationa | 0.03% | 4,252 | $324K | New |
| WMT Walmart Inc. | 0.03% | 3,011 | $310K | Add +0.5% |
| QUIK Quicklogic Corp. | 0.03% | 50,000 | $303K | New |
| QCOM Qualcomm Inc. | 0.03% | 1,808 | $301K | Reduce -22.8% |
| BSX Boston Scientific Corp. | 0.03% | 3,009 | $294K | New |
Portfolio Sells Q2 2025 → Q3 2025
| DFAC Dimensional US Core Equity 2 | Reduce -1.1% | 16.02% | −0.10 |
| DFEM Dimensional Emrg MRKT Core | Reduce -1.9% | 5.16% | −0.05 |
| V Visa Inc. Class A | Reduce -47.6% | 0.04% | −0.04 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -12.0% | 0.31% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -44.6% | 0.04% | −0.03 |
| DFSI Dimensional Int Sus COR1 ETF | Reduce -0.9% | 0.63% | −0.03 |
| CI The Cigna Group | Sold out | 0.00% | −0.02 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -0.1% | 0.20% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -10.5% | 0.11% | −0.02 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -28.3% | 0.04% | −0.02 |
| ITOT iShares Core S&P Total U.S. | Reduce -1.9% | 1.72% | −0.02 |
| SCHJ Schwab 1-5 YR Corp. BND ETF | Sold out | 0.00% | −0.02 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.02 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.02 |
| KO The Coca-Cola Co. | Reduce -1.1% | 0.12% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -0.6% | 0.12% | −0.02 |
| MSFT Microsoft Corp. | Reduce -0.7% | 0.43% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -0.4% | 0.12% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Reduce -10.8% | 0.10% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -1.7% | 0.13% | −0.01 |
| T AT&T Inc. | Reduce -29.6% | 0.02% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -30.1% | 0.02% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -22.8% | 0.03% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -4.7% | 0.33% | −0.01 |
| DFEV Dimensional Emrg MRKT Val | Reduce -1.9% | 0.24% | −0.01 |
| RWL Invesco S&P 500 Revenue ETF | Reduce -20.8% | 0.02% | −0.01 |
| DFSE Dimensional Em Sus CORE1 ETF | Reduce -3.2% | 0.22% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -1.1% | 0.09% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -12.7% | 0.04% | −0.01 |
| ABT Abbott Laboratories | Reduce -2.1% | 0.04% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -8.9% | 0.03% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -1.5% | 0.12% | −0.00 |
| IWR iShares Russell Mid-Cap ETF | Reduce -14.4% | 0.02% | −0.00 |
| TT Trane Technologies PLC | Reduce -5.8% | 0.03% | −0.00 |
| BAC Bank of America Corp. | Reduce -14.1% | 0.03% | −0.00 |
| SDY SS SPDR S&P Dividend ETF | Reduce -1.1% | 0.08% | −0.00 |
| IWV iShares Russell 3000 ETF | Reduce -2.6% | 0.18% | −0.00 |
| ADP Automatic Data Processing | Reduce -0.5% | 0.02% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -11.7% | 0.03% | −0.00 |
| IVE iShares S&P 500 Value ETF | Reduce -0.6% | 0.16% | −0.00 |
| ADI Analog Devices Inc. | Reduce -0.3% | 0.07% | −0.00 |
| ETN Eaton Corp. PLC | Reduce -10.7% | 0.02% | −0.00 |
| UNH Unitedhealth Group Inc. | Reduce -10.4% | 0.03% | −0.00 |
| LOW Lowe's Cos Inc. | Reduce -13.6% | 0.02% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -4.2% | 0.08% | −0.00 |
| SCHH Schwab US REIT ETF | Reduce -0.4% | 0.04% | −0.00 |
| VGT Vanguard Info Tech ETF | Reduce -7.8% | 0.05% | −0.00 |
| MMM 3M Co. | Reduce -0.5% | 0.02% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| IDEV iShares Core MSCI Dev MKTS | Add +2.3% | 23.22% | +0.16 |
| AAPL Apple Inc. | Add +2.9% | 0.96% | +0.16 |
| AVUV Avantis US Small Cap Value | Add +7.1% | 1.61% | +0.14 |
| USRT iShares Core US REIT ETF | Add +5.3% | 4.11% | +0.09 |
| IAU iShares Gold Trust | New | 0.07% | +0.07 |
| GLD SPDR Gold Shares | New | 0.06% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +31.3% | 0.23% | +0.06 |
| IGOV iShares International Treasu | New | 0.05% | +0.05 |
| AVGO Broadcom Inc. | Add +12.2% | 0.24% | +0.05 |
| AGG iShares Core U.S. Aggregate | Add +13.8% | 0.71% | +0.05 |
| DFAE Dimensional Emerging Core Eq | Add +14.3% | 0.27% | +0.04 |
| TSLA Tesla Inc. | New | 0.03% | +0.03 |
| VYM Vanguard High DVD Yield ETF | Add +149.9% | 0.06% | +0.03 |
| SHW The Sherwin-Williams Co. | New | 0.03% | +0.03 |
| DFAI Dimensional International Co. | Add +9.7% | 0.41% | +0.03 |
| ISHG iShares -3 Year Internationa | New | 0.03% | +0.03 |
| QUIK Quicklogic Corp. | New | 0.03% | +0.03 |
| BSX Boston Scientific Corp. | New | 0.03% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +23.8% | 0.16% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +1.1% | 0.10% | +0.02 |
| ORCL Oracle Corp. | New | 0.02% | +0.02 |
| GLW Corning Inc. | New | 0.02% | +0.02 |
| IJH iShares Core S&P Midcap ETF | New | 0.02% | +0.02 |
| ABBV Abbvie Inc. | Add +13.2% | 0.08% | +0.02 |
| SYK Stryker Corp. | New | 0.02% | +0.02 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.02% | +0.02 |
| PEP Pepsico Inc. | New | 0.02% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +4.1% | 0.07% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +7.7% | 0.24% | +0.02 |
| VOOG Vanguard S&P 500 Growth ETF | New | 0.02% | +0.02 |
| PHYS Sprott Physical Gold Trust | New | 0.02% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +8.1% | 0.17% | +0.02 |
| IWB iShares Russell 1000 ETF | Add +19.3% | 0.07% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +13.7% | 0.08% | +0.01 |
| HD Home Depot Inc. | Add +12.6% | 0.06% | +0.01 |
| TPL Texas Pacific Land Corp. | Add +61.0% | 0.03% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +1.7% | 0.20% | +0.01 |
| RTX RTX Corp. | Add +13.8% | 0.03% | +0.01 |
| CAT Caterpillar Inc. | Add +0.2% | 0.04% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +8.4% | 0.07% | +0.00 |
| AMAT Applied Materials Inc. | Add +0.8% | 0.08% | +0.00 |
| SCHD Schwab US DVD Equity ETF | Add +18.3% | 0.02% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +9.5% | 0.03% | +0.00 |
| ES Eversource Energy | Add +0.1% | 0.06% | +0.00 |
| CVX Chevron Corp. | Add +4.5% | 0.04% | +0.00 |
| IWM iShares Russell 2000 ETF | Add +0.9% | 0.04% | +0.00 |
| AXP American Express Co. | Add +6.9% | 0.05% | +0.00 |
| IVV iShares Core S&P 500 ETF | Add +0.0% | 0.21% | +0.00 |
| UNP Union Pacific Corp. | Add +10.0% | 0.02% | +0.00 |
| BA The Boeing Co. | Add +5.9% | 0.03% | +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 |