Heritage Financial Services, LLC

Name: Heritage Financial Services, LLC 13F holdings, Q4 2025
Creator: Heritage Financial Services, LLC
Published: 2026-02-02

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

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Heritage Financial Services, LLC reported 126 stock positions worth $1.2 billion. Its top holding was Vanguard Intermediate-Term T (VGIT) at 26.0% of the portfolio, followed by iShares Core MSCI Dev MKTS (IDEV, 22.6%) and Dimensional US Core Equity 2 (DFAC, 14.9%). Compared with Q3 2025, it opened 6 new positions, sold out of 14, added to 43 and reduced 56. The biggest buy was Vanguard Intermediate-Term T (VGIT, shares +18%) and the biggest sale Dimensional US Core Equity 2 (DFAC, shares −2%).

Most Recent 13F: Q4 2025
Location: Westwood, MA
CIK: 0001752035
Portfolio Value: $1.2B (Q4 2025)
SEC Filing: 0001172661-26-000428 ↗ filed Feb 2, 2026

Holdings Value

Holdings 126 stocks · $1.2B


VGIT Vanguard Intermediate-Term T	26.03%	5,202,760	$311.8M	Add +18.0%
IDEV iShares Core MSCI Dev MKTS	22.57%	3,278,313	$270.4M	Add +1.8%
DFAC Dimensional US Core Equity 2	14.94%	4,520,404	$179.0M	Reduce -2.2%
JPIE JPMorgan Income ETF	11.01%	2,848,628	$131.9M	Add +23.6%
DFEM Dimensional Emrg MRKT Core	4.81%	1,741,258	$57.6M	Reduce -2.8%
USRT iShares Core US REIT ETF	4.13%	867,698	$49.4M	Add +11.5%
AVUV Avantis US Small Cap Value	1.67%	195,964	$20.0M	Add +8.9%
ITOT iShares Core S&P Total U.S.	1.52%	122,164	$18.2M	Reduce -7.0%
DFSU Dimensional US Sus CORE1 ETF	1.32%	364,066	$15.8M	Add +7.7%
JPST JPMorgan Ultra-Short Income	1.08%	255,596	$12.9M	Reduce -1.4%
AAPL Apple Inc.	0.89%	39,019	$10.6M	Reduce -6.9%
AGG iShares Core U.S. Aggregate	0.70%	83,382	$8.3M	Add +6.3%
DFSI Dimensional Int Sus COR1 ETF	0.64%	178,466	$7.6M	Add +3.9%
DFAI Dimensional International Co.	0.42%	133,568	$5.1M	Add +5.7%
NVDA Nvidia Corp.	0.37%	24,012	$4.5M	Reduce -41.3%
MSFT Microsoft Corp.	0.33%	8,267	$4.0M	Reduce -9.6%
VTI VG Morningstar TS MKT ETF-US	0.32%	11,466	$3.8M	Add +7.6%
IEMG iShares Core MSCI Emerging	0.28%	49,274	$3.3M	Reduce -10.8%
DFAE Dimensional Emerging Core Eq	0.27%	98,200	$3.2M	Add +3.6%
DFEV Dimensional Emrg MRKT Val	0.23%	82,590	$2.8M	Reduce -2.1%
DFSE Dimensional Em Sus CORE1 ETF	0.21%	59,733	$2.5M	Add +1.5%
VOO Vanguard S&P 500 ETF	0.20%	3,828	$2.4M	Reduce -11.5%
IVV iShares Core S&P 500 ETF	0.20%	3,422	$2.3M	Reduce -4.0%
VUG Vanguard Mrngstar GR ETF-Sui	0.19%	4,617	$2.3M	No change
IVW iShares S&P 500 Growth ETF	0.18%	17,172	$2.1M	Reduce -7.4%
AVGO Broadcom Inc.	0.17%	6,035	$2.1M	Reduce -26.6%
PG The Procter & Gamble Co.	0.17%	14,271	$2.0M	Reduce -1.1%
IWV iShares Russell 3000 ETF	0.17%	5,232	$2.0M	Reduce -3.0%
SPY SS SPDR S&P 500 ETF Trust-US	0.17%	2,928	$2.0M	Reduce -22.7%
LLY Eli Lilly & Co.	0.16%	1,800	$1.9M	Reduce -1.5%
IWF iShares Russell 1000 Growth	0.15%	3,854	$1.8M	Reduce -6.0%
JNJ Johnson & Johnson	0.15%	8,783	$1.8M	Add +0.1%
IVE iShares S&P 500 Value ETF	0.15%	8,411	$1.8M	No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.14%	5,630	$1.7M	Add +16.9%
XOM Exxon Mobil Corp.	0.12%	12,384	$1.5M	Add +3.9%
KO The Coca-Cola Co.	0.12%	20,995	$1.5M	Add +2.2%
BRK.B Berkshire Hathaway Inc. Class B	0.12%	2,829	$1.4M	Reduce -19.8%
GOOG Alphabet Inc. Class C	0.12%	4,428	$1.4M	Reduce -6.8%
AMZN Amazon.com Inc.	0.11%	5,503	$1.3M	Reduce -2.5%
COST Costco Wholesale Corp.	0.10%	1,458	$1.3M	Add +0.6%
VEA Vanguard Ftse Developed ETF	0.10%	19,673	$1.2M	Add +2.4%
MCD McDonald's Corp.	0.10%	3,913	$1.2M	Reduce -32.0%
AMAT Applied Materials Inc.	0.10%	4,517	$1.2M	Reduce -0.6%
AVUS Avantis U.S. Equity ETF	0.09%	9,459	$1.1M	Add +69.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.09%	6,662	$1.0M	Add +0.3%
BND Vanguard Total Bond Market	0.08%	13,655	$1.0M	Add +0.8%
VTEB Vanguard Tax-Exempt Bond ETF	0.08%	19,303	$971K	Add +0.2%
GOOGL Alphabet Inc. Class A	0.08%	3,061	$958K	Reduce -8.2%
NEE Nextera Energy Inc.	0.08%	11,811	$948K	Add +4.4%
JPM JPMorgan Chase & Co.	0.07%	2,646	$853K	Reduce -6.5%
SDY SS SPDR S&P Dividend ETF	0.07%	6,015	$837K	No change
VTV Vanguard Mrngstr Val ETF-Aui	0.07%	4,342	$829K	No change
VIG Vanguard Dividend Apprec ETF	0.07%	3,574	$785K	Add +0.6%
DXJ Wisdomtree Japan Hedged Eq	0.06%	5,363	$773K	Reduce -3.1%
ABBV Abbvie Inc.	0.06%	3,381	$773K	Reduce -11.5%
IWB iShares Russell 1000 ETF	0.06%	1,974	$737K	Reduce -8.0%
IUSG iShares Core S&P U.S. Growth	0.06%	3,953	$664K	No change
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.05%	2,241	$650K	Reduce -8.9%
ES Eversource Energy	0.05%	9,260	$623K	Reduce -1.9%
SCHX Schwab US Large-Cap ETF	0.05%	22,274	$599K	No change
MRK Merck & Co. Inc.	0.05%	5,450	$574K	Add +3.7%
GLD SPDR Gold Shares	0.05%	1,433	$568K	Reduce -19.7%
IGOV iShares International Treasu	0.05%	13,546	$564K	No change
SCHB Schwab US Broad Market ETF	0.05%	21,228	$557K	Reduce -1.8%
MFC Manulife Financial Corp.	0.05%	15,107	$548K	No change
AXP American Express Co.	0.05%	1,469	$543K	Reduce -8.4%
HD Home Depot Inc.	0.04%	1,552	$534K	Reduce -11.2%
VGT Vanguard Info Tech ETF	0.04%	702	$529K	Reduce -0.4%
V Visa Inc. Class A	0.04%	1,506	$528K	Add +17.4%
CAT Caterpillar Inc.	0.04%	919	$526K	Add +0.9%
IEFA iShares Core MSCI Eafe ETF	0.04%	5,588	$500K	Add +4.8%
IAU iShares Gold Trust	0.04%	6,146	$499K	Reduce -44.5%
MUB iShares National Muni Bond E	0.04%	4,572	$490K	Add +0.1%
IWD iShares Russell 1000 Value E	0.04%	2,306	$485K	No change
ABT Abbott Laboratories	0.04%	3,786	$474K	Add +2.9%
META Meta Platforms Inc. Class A	0.04%	718	$474K	Add +14.5%
CVX Chevron Corp.	0.04%	3,029	$462K	Reduce -3.9%
ADI Analog Devices Inc.	0.04%	1,668	$452K	Reduce -47.0%
IWM iShares Russell 2000 ETF	0.04%	1,766	$435K	Reduce -2.0%
DFIV Dimensional International Va	0.04%	8,646	$431K	No change
TOTL SS Doubleline TR Tact ETF	0.04%	10,521	$423K	No change
QQQ Invesco QQQ Trust Series 1	0.04%	689	$423K	Reduce -7.3%
TRMB Trimble Inc.	0.03%	5,344	$419K	Add +0.1%
AIRJ Airjoule Technologies Corp.	0.03%	97,806	$385K	Add +690.4%
SCHH Schwab US REIT ETF	0.03%	17,836	$373K	Reduce -3.4%
SPTI SS SPDR P Int Term TSY ETF	0.03%	12,902	$372K	No change
WMT Walmart Inc.	0.03%	3,144	$350K	Add +4.4%
VXUS Vanguard Total Intl Stock	0.03%	4,536	$342K	Reduce -9.9%
TPL Texas Pacific Land Corp.	0.03%	1,188	$341K	No change
UNH Unitedhealth Group Inc.	0.03%	1,010	$333K	Add +5.3%
VWO Vanguard Ftse Emerging Marke	0.03%	6,083	$327K	Reduce -0.5%
AVDE Avantis International Equity	0.03%	3,970	$327K	New
ISHG iShares -3 Year Internationa	0.03%	4,252	$320K	No change
QCOM Qualcomm Inc.	0.03%	1,833	$314K	Add +1.4%
P Everpure Inc. Class A filed as PURE STORAGE INC	0.03%	4,523	$303K	Add +0.0%
GE General Electric filed as GE AEROSPACE	0.03%	978	$301K	Add +1.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.03%	5,458	$300K	Reduce -4.0%
RTX RTX Corp.	0.02%	1,601	$294K	Reduce -26.7%
DVY iShares Select Dividend ETF	0.02%	2,064	$291K	No change
VXF Vanguard Extended Market ETF	0.02%	1,391	$291K	No change
BSX Boston Scientific Corp.	0.02%	3,031	$289K	Add +0.7%
VYM Vanguard High DVD Yield ETF	0.02%	1,953	$280K	Reduce -55.3%
IDXX Idexx Laboratories Inc.	0.02%	409	$277K	No change
AFL Aflac Inc.	0.02%	2,428	$268K	Add +0.6%
IWR iShares Russell Mid-Cap ETF	0.02%	2,677	$258K	No change
CSCO Cisco Systems Inc.	0.02%	3,336	$257K	Reduce -18.6%
TT Trane Technologies PLC	0.02%	657	$256K	Reduce -1.8%
VT Vanguard Tot World STK ETF	0.02%	1,755	$248K	No change
T AT&T Inc.	0.02%	9,879	$245K	Add +0.9%
OEF iShares S&P 100 ETF	0.02%	711	$244K	New
VPU Vanguard Utilities ETF	0.02%	1,314	$243K	No change
XLK SS Technology Select Sector	0.02%	1,634	$235K	New
ADP Automatic Data Processing	0.02%	914	$235K	Reduce -1.9%
LOW Lowe's Cos Inc.	0.02%	967	$233K	Reduce -1.5%
RWL Invesco S&P 500 Revenue ETF	0.02%	1,996	$229K	No change
IJR iShares Core S&P Small-Cap E	0.02%	1,859	$223K	Reduce -11.2%
VZ Verizon Communications Inc.	0.02%	5,447	$222K	Reduce -12.5%
SCHD Schwab US DVD Equity ETF	0.02%	7,938	$218K	Reduce -16.5%
MMM 3M Co.	0.02%	1,327	$212K	Add +0.5%
ORCL Oracle Corp.	0.02%	1,090	$212K	Add +22.1%
MGK Vngrd Mrgstr MG CP GR ETF-Ui	0.02%	509	$210K	Reduce -3.0%
UNP Union Pacific Corp.	0.02%	907	$210K	Reduce -6.6%
TMO Thermo Fisher Scientific Inc.	0.02%	362	$210K	New
IJH iShares Core S&P Midcap ETF	0.02%	3,141	$207K	Reduce -4.8%
TXN Texas Instruments Inc.	0.02%	1,167	$202K	New
RMT Royce Micro-Cap Trust Inc.	0.01%	10,101	$105K	New

Portfolio Sells Q3 2025 → Q4 2025


DFAC Dimensional US Core Equity 2	Reduce -2.2%	14.94%	−1.08
DFEM Dimensional Emrg MRKT Core	Reduce -2.8%	4.81%	−0.35
NVDA Nvidia Corp.	Reduce -41.3%	0.37%	−0.31
ITOT iShares Core S&P Total U.S.	Reduce -7.0%	1.52%	−0.20
JPST JPMorgan Ultra-Short Income	Reduce -1.4%	1.08%	−0.10
MSFT Microsoft Corp.	Reduce -9.6%	0.33%	−0.09
AAPL Apple Inc.	Reduce -6.9%	0.89%	−0.07
AVGO Broadcom Inc.	Reduce -26.6%	0.17%	−0.07
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -22.7%	0.17%	−0.06
MCD McDonald's Corp.	Reduce -32.0%	0.10%	−0.06
IEMG iShares Core MSCI Emerging	Reduce -10.8%	0.28%	−0.05
PAYX Paychex Inc.	Sold out	0.00%	−0.04
BRK.B Berkshire Hathaway Inc. Class B	Reduce -19.8%	0.12%	−0.04
VOO Vanguard S&P 500 ETF	Reduce -11.5%	0.20%	−0.04
TSLA Tesla Inc.	Sold out	0.00%	−0.03
VYM Vanguard High DVD Yield ETF	Reduce -55.3%	0.02%	−0.03
ADI Analog Devices Inc.	Reduce -47.0%	0.04%	−0.03
IAU iShares Gold Trust	Reduce -44.5%	0.04%	−0.03
SHW The Sherwin-Williams Co.	Sold out	0.00%	−0.03
PG The Procter & Gamble Co.	Reduce -1.1%	0.17%	−0.03
QUIK Quicklogic Corp.	Sold out	0.00%	−0.03
BA The Boeing Co.	Sold out	0.00%	−0.03
IVW iShares S&P 500 Growth ETF	Reduce -7.4%	0.18%	−0.02
IWF iShares Russell 1000 Growth	Reduce -6.0%	0.15%	−0.02
HON Honeywell International Inc.	Sold out	0.00%	−0.02
GLW Corning Inc.	Sold out	0.00%	−0.02
SYK Stryker Corp.	Sold out	0.00%	−0.02
HD Home Depot Inc.	Reduce -11.2%	0.04%	−0.02
ETN Eaton Corp. PLC	Sold out	0.00%	−0.02
TRV The Travelers Cos Inc.	Sold out	0.00%	−0.02
IVV iShares Core S&P 500 ETF	Reduce -4.0%	0.20%	−0.02
PEP Pepsico Inc.	Sold out	0.00%	−0.02
CBT Cabot Corp.	Sold out	0.00%	−0.02
VOOG Vanguard S&P 500 Growth ETF	Sold out	0.00%	−0.02
PHYS Sprott Physical Gold Trust	Sold out	0.00%	−0.02
ABBV Abbvie Inc.	Reduce -11.5%	0.06%	−0.01
IWV iShares Russell 3000 ETF	Reduce -3.0%	0.17%	−0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd	Reduce -8.9%	0.05%	−0.01
GLD SPDR Gold Shares	Reduce -19.7%	0.05%	−0.01
DFEV Dimensional Emrg MRKT Val	Reduce -2.1%	0.23%	−0.01
JPM JPMorgan Chase & Co.	Reduce -6.5%	0.07%	−0.01
IWB iShares Russell 1000 ETF	Reduce -8.0%	0.06%	−0.01
ES Eversource Energy	Reduce -1.9%	0.05%	−0.01
RTX RTX Corp.	Reduce -26.7%	0.02%	−0.01
VZ Verizon Communications Inc.	Reduce -12.5%	0.02%	−0.01
CVX Chevron Corp.	Reduce -3.9%	0.04%	−0.01
AMZN Amazon.com Inc.	Reduce -2.5%	0.11%	−0.01
SCHD Schwab US DVD Equity ETF	Reduce -16.5%	0.02%	−0.01
ADP Automatic Data Processing	Reduce -1.9%	0.02%	−0.01
QQQ Invesco QQQ Trust Series 1	Reduce -7.3%	0.04%	−0.00

Portfolio Buys Q3 2025 → Q4 2025


VGIT Vanguard Intermediate-Term T	Add +18.0%	26.03%	+2.24
JPIE JPMorgan Income ETF	Add +23.6%	11.01%	+1.39
AVUV Avantis US Small Cap Value	Add +8.9%	1.67%	+0.06
AVUS Avantis U.S. Equity ETF	Add +69.7%	0.09%	+0.03
DFSU Dimensional US Sus CORE1 ETF	Add +7.7%	1.32%	+0.03
AVDE Avantis International Equity	New	0.03%	+0.03
AIRJ Airjoule Technologies Corp.	Add +690.4%	0.03%	+0.03
OEF iShares S&P 100 ETF	New	0.02%	+0.02
XLK SS Technology Select Sector	New	0.02%	+0.02
USRT iShares Core US REIT ETF	Add +11.5%	4.13%	+0.02
TMO Thermo Fisher Scientific Inc.	New	0.02%	+0.02
IBM Intl Business Machines Corp.	Add +16.9%	0.14%	+0.02
TXN Texas Instruments Inc.	New	0.02%	+0.02
DFAI Dimensional International Co.	Add +5.7%	0.42%	+0.01
RMT Royce Micro-Cap Trust Inc.	New	0.01%	+0.01
MRK Merck & Co. Inc.	Add +3.7%	0.05%	+0.01
VTI VG Morningstar TS MKT ETF-US	Add +7.6%	0.32%	+0.01
DFSI Dimensional Int Sus COR1 ETF	Add +3.9%	0.64%	+0.01
JNJ Johnson & Johnson	Add +0.1%	0.15%	+0.01
CAT Caterpillar Inc.	Add +0.9%	0.04%	+0.00
V Visa Inc. Class A	Add +17.4%	0.04%	+0.00
XOM Exxon Mobil Corp.	Add +3.9%	0.12%	+0.00
NEE Nextera Energy Inc.	Add +4.4%	0.08%	+0.00
WMT Walmart Inc.	Add +4.4%	0.03%	+0.00
KO The Coca-Cola Co.	Add +2.2%	0.12%	+0.00
IEFA iShares Core MSCI Eafe ETF	Add +4.8%	0.04%	−0.00
MMM 3M Co.	Add +0.5%	0.02%	−0.00
GE General Electric	Add +1.9%	0.03%	−0.00
QCOM Qualcomm Inc.	Add +1.4%	0.03%	−0.00
TJX TJX Companies Inc.	Add +0.3%	0.09%	−0.00
VEA Vanguard Ftse Developed ETF	Add +2.4%	0.10%	−0.00
DFAE Dimensional Emerging Core Eq	Add +3.6%	0.27%	−0.00
META Meta Platforms Inc. Class A	Add +14.5%	0.04%	−0.00
AFL Aflac Inc.	Add +0.6%	0.02%	−0.00
UNH Unitedhealth Group Inc.	Add +5.3%	0.03%	−0.00
BSX Boston Scientific Corp.	Add +0.7%	0.02%	−0.00
MUB iShares National Muni Bond E	Add +0.1%	0.04%	−0.00
VIG Vanguard Dividend Apprec ETF	Add +0.6%	0.07%	−0.00
TRMB Trimble Inc.	Add +0.1%	0.03%	−0.00
T AT&T Inc.	Add +0.9%	0.02%	−0.00
ABT Abbott Laboratories	Add +2.9%	0.04%	−0.00
ORCL Oracle Corp.	Add +22.1%	0.02%	−0.00
VTEB Vanguard Tax-Exempt Bond ETF	Add +0.2%	0.08%	−0.01
BND Vanguard Total Bond Market	Add +0.8%	0.08%	−0.01
P Everpure Inc. Class A	Add +0.0%	0.03%	−0.01
DFSE Dimensional Em Sus CORE1 ETF	Add +1.5%	0.21%	−0.01
AGG iShares Core U.S. Aggregate	Add +6.3%	0.70%	−0.01
COST Costco Wholesale Corp.	Add +0.6%	0.10%	−0.02
IDEV iShares Core MSCI Dev MKTS	Add +1.8%	22.57%	−0.65

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