Heritage Wealth Advisors
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Heritage Wealth Advisors reported 581 stock positions worth $2.1 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 19.4% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 9.8%) and Microsoft (MSFT, 3.9%). Compared with Q1 2025, it opened 21 new positions, sold out of 25, added to 84 and reduced 80. The biggest buy was iShares Core MSCI Eafe ETF (IEFA, shares +43%) and the biggest sale iShares Core S&P Total U.S. (ITOT, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001591122
- Portfolio Value
- $2.1B (Q2 2025)
- SEC Filing
- 0001591122-25-000007 ↗ filed Aug 11, 2025
Holdings Value
Holdings 581 stocks · $2.1B
| IVV iShares Core S&P 500 ETF | 19.38% | 657,131 | $408.0M | Reduce -1.1% |
| IEFA iShares Core MSCI Eafe ETF | 9.80% | 2,470,819 | $206.3M | Add +43.2% |
| MSFT Microsoft Corp. | 3.88% | 164,411 | $81.8M | Add +0.4% |
| RTX RTX Corp. | 3.28% | 473,306 | $69.1M | Reduce -0.5% |
| IWS iShares Russell Mid-Cap Valu | 3.23% | 515,391 | $68.1M | Add +0.4% |
| BN Brookfield Corp. | 3.22% | 1,097,631 | $67.9M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 3.08% | 366,001 | $64.9M | Add +1.4% |
| MA Mastercard Inc. Class A | 2.93% | 109,951 | $61.8M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.88% | 124,907 | $60.7M | Reduce -0.5% |
| ADP Automatic Data Processing | 2.72% | 185,744 | $57.3M | Reduce -0.2% |
| AAPL Apple Inc. | 2.65% | 271,983 | $55.8M | Add +0.1% |
| JNJ Johnson & Johnson | 2.44% | 336,611 | $51.4M | Reduce -0.5% |
| IEMG iShares Core MSCI Emerging | 2.42% | 847,755 | $50.9M | Add +0.3% |
| PGR Progressive Corp. | 2.32% | 183,438 | $49.0M | Reduce -0.4% |
| WMT Walmart Inc. | 2.29% | 493,542 | $48.3M | Reduce -1.5% |
| MRK Merck & Co. Inc. | 2.22% | 589,400 | $46.7M | Add +4.2% |
| CMCSA Comcast Corp. Class A | 2.14% | 1,260,026 | $45.0M | Add +12.8% |
| COP Conocophillips | 1.94% | 455,963 | $40.9M | Add +2.5% |
| DUK Duke Energy Corp. | 1.82% | 324,842 | $38.3M | Add +0.2% |
| PEP Pepsico Inc. | 1.77% | 282,763 | $37.3M | Reduce -1.7% |
| UNP Union Pacific Corp. | 1.69% | 154,751 | $35.6M | Add +0.6% |
| ITOT iShares Core S&P Total U.S. | 1.66% | 258,328 | $34.9M | Reduce -51.0% |
| HD Home Depot Inc. | 1.63% | 93,760 | $34.4M | Add +1.0% |
| MCD McDonald's Corp. | 1.60% | 114,958 | $33.6M | Add +0.2% |
| WMB Williams Cos Inc. | 1.27% | 426,509 | $26.8M | Reduce -0.7% |
| VT Vanguard Tot World STK ETF | 1.09% | 178,195 | $22.9M | Add +8.6% |
| VOO Vanguard S&P 500 ETF | 0.99% | 36,657 | $20.8M | Reduce -0.2% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.90% | 309,464 | $18.9M | No change |
| EFA iShares MSCI Eafe ETF | 0.70% | 165,959 | $14.8M | Reduce -1.5% |
| PM Philip Morris International | 0.66% | 76,367 | $13.9M | Reduce -2.8% |
| MKL Markel Group Inc. | 0.58% | 6,065 | $12.1M | Reduce -0.1% |
| EPD Enterprise Products Partners | 0.54% | 363,325 | $11.3M | Add +0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.46% | 15,811 | $9.8M | Reduce -5.3% |
| VIG Vanguard Dividend Apprec ETF | 0.42% | 43,645 | $8.9M | Reduce -1.6% |
| AMZN Amazon.com Inc. | 0.35% | 33,915 | $7.4M | Reduce -0.5% |
| NVDA Nvidia Corp. | 0.34% | 45,365 | $7.2M | Add +0.1% |
| V Visa Inc. Class A | 0.34% | 20,160 | $7.2M | Reduce -0.1% |
| IVW iShares S&P 500 Growth ETF | 0.31% | 59,238 | $6.5M | Reduce -0.8% |
| EEM iShares MSCI Emerging Market | 0.28% | 121,558 | $5.9M | No change |
| MO Altria Group Inc. | 0.25% | 88,405 | $5.2M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 0.24% | 28,471 | $5.0M | Add +0.3% |
| FRFHF Fairfax Financial Hldgs Ltd. | 0.23% | 2,677 | $4.8M | Reduce -0.3% |
| XLK SS Technology Select Sector | 0.20% | 16,348 | $4.1M | Reduce -12.6% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.19% | 37,748 | $4.0M | No change |
| VALQ American Century US Quality | 0.17% | 58,619 | $3.6M | Reduce -1.0% |
| XOM Exxon Mobil Corp. | 0.17% | 32,868 | $3.5M | Reduce -1.1% |
| OEF iShares S&P 100 ETF | 0.17% | 11,520 | $3.5M | Reduce -2.1% |
| JPM JPMorgan Chase & Co. | 0.15% | 10,853 | $3.1M | Reduce -9.8% |
| ESGD iShares Trust iShares ESG Aw | 0.14% | 33,677 | $3.0M | Add +22.9% |
| RSP Invesco S&P 500 Equal Weight | 0.12% | 13,798 | $2.5M | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.11% | 8,372 | $2.3M | No change |
| CSX CSX Corp. | 0.11% | 71,252 | $2.3M | Add +0.0% |
| COST Costco Wholesale Corp. | 0.11% | 2,327 | $2.3M | Reduce -6.3% |
| ORCL Oracle Corp. | 0.11% | 10,186 | $2.2M | Reduce -23.2% |
| LOW Lowe's Cos Inc. | 0.10% | 9,947 | $2.2M | Reduce -0.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.10% | 3 | $2.2M | No change |
| MDLZ Mondelez International Inc. Class A | 0.10% | 30,772 | $2.1M | Reduce -1.5% |
| RJF Raymond James Financial Inc. | 0.10% | 13,416 | $2.1M | No change |
| IWR iShares Russell Mid-Cap ETF | 0.10% | 22,305 | $2.1M | No change |
| TFC Truist Financial Corp. | 0.08% | 39,199 | $1.7M | Reduce -2.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.08% | 5,311 | $1.6M | Add +0.1% |
| ESGE iShares Inc. iShares ESG Awar | 0.07% | 39,458 | $1.5M | Add +0.4% |
| PG The Procter & Gamble Co. | 0.07% | 9,640 | $1.5M | Reduce -0.6% |
| TT Trane Technologies PLC | 0.07% | 3,410 | $1.5M | No change |
| CSCO Cisco Systems Inc. | 0.07% | 21,201 | $1.5M | Reduce -0.5% |
| GLDM SPDR Gold Minishares Trust | 0.07% | 21,975 | $1.4M | No change |
| CVX Chevron Corp. | 0.07% | 9,603 | $1.4M | Add +0.4% |
| NFLX Netflix Inc. | 0.06% | 1,001 | $1.3M | No change |
| ABT Abbott Laboratories | 0.06% | 9,299 | $1.3M | Reduce -5.5% |
| META Meta Platforms Inc. Class A | 0.06% | 1,649 | $1.2M | No change |
| IWB iShares Russell 1000 ETF | 0.06% | 3,548 | $1.2M | No change |
| ABBV Abbvie Inc. | 0.06% | 6,472 | $1.2M | Reduce -13.5% |
| KO The Coca-Cola Co. | 0.06% | 16,676 | $1.2M | Add +0.8% |
| DFAC Dimensional US Core Equity 2 | 0.06% | 32,405 | $1.2M | No change |
| NSC Norfolk Southern Corp. | 0.05% | 4,383 | $1.1M | Reduce -1.0% |
| QCOM Qualcomm Inc. | 0.05% | 6,898 | $1.1M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.05% | 3,726 | $1.1M | Add +0.0% |
| ELV Elevance Health Inc. | 0.05% | 2,793 | $1.1M | No change |
| BLK BlackRock Inc. | 0.05% | 1,032 | $1.1M | No change |
| UVV Universal Corp. | 0.05% | 17,793 | $1.0M | Add +44.4% |
| MINT PIMCO Enhanced Short Maturit | 0.05% | 10,198 | $1.0M | New |
| CAT Caterpillar Inc. | 0.05% | 2,568 | $997K | No change |
| ISRG Intuitive Surgical Inc. | 0.05% | 1,811 | $984K | Reduce -2.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.05% | 12,042 | $983K | Reduce -29.9% |
| INTU Intuit Inc. | 0.05% | 1,217 | $959K | No change |
| IWM iShares Russell 2000 ETF | 0.04% | 4,361 | $941K | Reduce -0.2% |
| GE General Electric filed as GE AEROSPACE | 0.04% | 3,636 | $936K | No change |
| NUMV Nuveen ESG Mid-Cap Value ETF | 0.04% | 25,648 | $925K | Reduce -5.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.04% | 19,424 | $919K | Reduce -28.5% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.04% | 2,221 | $898K | Reduce -5.0% |
| AVGO Broadcom Inc. | 0.04% | 3,237 | $892K | Reduce -1.5% |
| AMAT Applied Materials Inc. | 0.04% | 4,861 | $890K | No change |
| XLF SS Financial Select Sector | 0.04% | 16,909 | $886K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.04% | 1,598 | $882K | Reduce -25.7% |
| LLY Eli Lilly & Co. | 0.04% | 1,090 | $850K | No change |
| D Dominion Energy Inc. | 0.04% | 14,508 | $820K | Add +0.2% |
| UDR Udr Inc. | 0.04% | 19,913 | $813K | No change |
| EMR Emerson Electric Co. | 0.04% | 5,957 | $794K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.04% | 4,487 | $793K | Add +18.5% |
| IWP iShares Russell Mid-Cap Grow | 0.04% | 5,652 | $784K | No change |
Other holdings (4): bonds, preferreds, convertibles and warrants · $47K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ATLANTIC UNION BANKSHARE (AUB 6.875 PERP A) | PFD | 1,910 | $46K | No change |
| HOWMET AEROSPACE INC (HWM 3.75 PERP *) | Preferred Stock | 12 | $864 | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 3 | $62 | New |
| WELLS FARGO & COMPANY (WFC V0 PERP DEPs) | PFD | 19 | $1 | No change |
Lines left out (4) · $33 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| BND Vanguard Total Bond Market | TOTAL BND MRKT | 0 | $14 |
| USHY iShares Broad Usd High Yield | BROAD USD HIGH | 0 | $8 |
| CCI Crown Castle Inc. | COM | 0 | $7 |
| BNDX Vanguard Total Intl Bond ETF | TOTAL INT BD ETF | 0 | $4 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $2.1B.
Portfolio Sells Q1 2025 → Q2 2025
| ITOT iShares Core S&P Total U.S. | Reduce -51.0% | 1.66% | −1.60 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 2.88% | −0.51 |
| PEP Pepsico Inc. | Reduce -1.7% | 1.77% | −0.41 |
| JNJ Johnson & Johnson | Reduce -0.5% | 2.44% | −0.40 |
| PGR Progressive Corp. | Reduce -0.4% | 2.32% | −0.32 |
| ADP Automatic Data Processing | Reduce -0.2% | 2.72% | −0.16 |
| MA Mastercard Inc. Class A | Reduce -0.6% | 2.93% | −0.14 |
| XOM Exxon Mobil Corp. | Reduce -1.1% | 0.17% | −0.03 |
| WMB Williams Cos Inc. | Reduce -0.7% | 1.27% | −0.03 |
| MO Altria Group Inc. | Reduce -1.1% | 0.25% | −0.03 |
| ABBV Abbvie Inc. | Reduce -13.5% | 0.06% | −0.02 |
| GLD SPDR Gold Shares | Reduce -50.4% | 0.02% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -29.9% | 0.05% | −0.02 |
| V Visa Inc. Class A | Reduce -0.1% | 0.34% | −0.02 |
| BAC Bank of America Corp. | Reduce -28.5% | 0.04% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -0.2% | 0.10% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.6% | 0.42% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -0.6% | 0.07% | −0.01 |
| FISV Fiserv Inc. | Reduce -0.2% | 0.03% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -85.3% | 0.00% | −0.01 |
| VALQ American Century US Quality | Reduce -1.0% | 0.17% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -6.3% | 0.11% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -25.7% | 0.04% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.3% | 0.46% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.5% | 0.10% | −0.01 |
| UPS United Parcel Service Class B | Reduce -35.0% | 0.01% | −0.01 |
| TGT Target Corp. | Reduce -34.2% | 0.01% | −0.01 |
| MCK McKesson Corp. | Reduce -28.0% | 0.02% | −0.01 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Sold out | 0.00% | −0.01 |
| ABT Abbott Laboratories | Reduce -5.5% | 0.06% | −0.01 |
| NEU Newmarket Corp. | Reduce -29.2% | 0.02% | −0.01 |
| TRV The Travelers Cos Inc. | Reduce -65.2% | 0.00% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -31.0% | 0.02% | −0.01 |
| KR Kroger Co. | Reduce -97.4% | 0.00% | −0.00 |
| THG Hanover Insurance Group Inc./ | Reduce -53.8% | 0.00% | −0.00 |
| PFE Pfizer Inc. | Reduce -38.6% | 0.01% | −0.00 |
| VIS Vanguard Industrials ETF | Sold out | 0.00% | −0.00 |
| TTC Toro Co. | Reduce -67.1% | 0.00% | −0.00 |
| TFC Truist Financial Corp. | Reduce -2.4% | 0.08% | −0.00 |
| ITW Illinois Tool Works | Reduce -2.7% | 0.03% | −0.00 |
| CNI Canadian Natl Railway Co. | Reduce -38.5% | 0.01% | −0.00 |
| APD Air Products & Chemicals Inc. | Reduce -4.0% | 0.02% | −0.00 |
| NUMV Nuveen ESG Mid-Cap Value ETF | Reduce -5.2% | 0.04% | −0.00 |
| PAYX Paychex Inc. | Reduce -2.0% | 0.02% | −0.00 |
| DES Wisdomtree US Smallcap Divid | Reduce -49.0% | 0.00% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -3.9% | 0.02% | −0.00 |
| BX Blackstone Inc. | Reduce -7.3% | 0.03% | −0.00 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.00 |
| ALB Albemarle Corp. | Reduce -0.1% | 0.01% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| IEFA iShares Core MSCI Eafe ETF | Add +43.2% | 9.80% | +3.18 |
| MSFT Microsoft Corp. | Add +0.4% | 3.88% | +0.77 |
| BN Brookfield Corp. | Add +0.2% | 3.22% | +0.31 |
| GOOG Alphabet Inc. Class C | Add +1.4% | 3.08% | +0.23 |
| VT Vanguard Tot World STK ETF | Add +8.6% | 1.09% | +0.12 |
| IEMG iShares Core MSCI Emerging | Add +0.3% | 2.42% | +0.11 |
| NVDA Nvidia Corp. | Add +0.1% | 0.34% | +0.09 |
| MINT PIMCO Enhanced Short Maturit | New | 0.05% | +0.05 |
| CMCSA Comcast Corp. Class A | Add +12.8% | 2.14% | +0.05 |
| ESGD iShares Trust iShares ESG Aw | Add +22.9% | 0.14% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +630.6% | 0.03% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 0.24% | +0.02 |
| ETR Entergy Corp. | Add +755.2% | 0.02% | +0.01 |
| UVV Universal Corp. | Add +44.4% | 0.05% | +0.01 |
| IVOV Vanguard S&P Mid-Cap 400 Val | New | 0.01% | +0.01 |
| MCHP Microchip Technology Inc. | Add +0.3% | 0.02% | +0.01 |
| CVLC Calvert US L-C CR Resp Index | Add +38.7% | 0.02% | +0.01 |
| IBM Intl Business Machines Corp. | Add +0.0% | 0.05% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +18.5% | 0.04% | +0.00 |
| MS Morgan Stanley | Add +0.1% | 0.04% | +0.00 |
| CSX CSX Corp. | Add +0.0% | 0.11% | +0.00 |
| COF Capital One Financial Corp. | Add +20.4% | 0.02% | +0.00 |
| ESGE iShares Inc. iShares ESG Awar | Add +0.4% | 0.07% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 0.08% | +0.00 |
| ADBE Adobe Inc. | Add +16.1% | 0.02% | +0.00 |
| IVT Inventrust Properties Corp. | New | 0.00% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +0.7% | 0.03% | +0.00 |
| CHTR Charter Communications Inc. Class A | New | 0.00% | +0.00 |
| VZ Verizon Communications Inc. | Add +19.0% | 0.02% | +0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +190.5% | 0.00% | +0.00 |
| CRS Carpenter Technology | New | 0.00% | +0.00 |
| ETSY Etsy Inc. | Add +476.5% | 0.00% | +0.00 |
| INTC Intel Corp. | Add +19.8% | 0.01% | +0.00 |
| ESGV Vanguard ESG US Stock ETF | New | 0.00% | +0.00 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | New | 0.00% | +0.00 |
| TMUS T-Mobile US Inc. | Add +700.0% | 0.00% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +0.3% | 0.01% | +0.00 |
| VSGX Vanguard ESG Intl Stock ETF | New | 0.00% | +0.00 |
| HCA HCA Healthcare Inc. | Add +0.2% | 0.01% | +0.00 |
| NVS Novartis AG-Sponsored ADR | Add +3.4% | 0.01% | +0.00 |
| WELL Welltower Inc. | New | 0.00% | +0.00 |
| BIP Brookfield Infrastructure Pa | Add +26.7% | 0.00% | +0.00 |
| NXPI NXP Semiconductors NV | Add +0.2% | 0.01% | +0.00 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.00% | +0.00 |
| F Ford Motor Co. | Add +2.0% | 0.01% | +0.00 |
| AGG iShares Core U.S. Aggregate | Add +7.7% | 0.02% | +0.00 |
| RIO Rio Tinto PLC-Spon ADR | Add +51.0% | 0.00% | +0.00 |
| VICI Vici Properties Inc. | Add +18.9% | 0.00% | +0.00 |
| ARM Arm Holdings PLC-ADR | Add +100.0% | 0.00% | +0.00 |
| CCJ Cameco Corp. | New | 0.00% | +0.00 |
Notes & Other Activity Q1 2025 → Q2 2025
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | New | 3 | $62 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 697 | $2.9B | IVV, SPHQ, IEFA, PHYS, IEMG |
| Q1 2026 | 686 | $2.6B | IVV, SPHQ, IEFA, PHYS, IWS |
| Q4 2025 | 603 | $2.6B | IVV, IEFA, PHYS, GOOG, MSFT |
| Q3 2025 | 592 | $2.3B | IVV, IEFA, GOOG, MSFT, RTX |
| Q2 2025 | 581 | $2.1B | IVV, IEFA, MSFT, RTX, IWS |
| Q1 2025 | 585 | $2.0B | IVV, IEFA, BRK.B, IWS, ITOT |
| Q4 2024 | 634 | $2.0B | IVV, IEFA, MSFT, ITOT, AAPL |
| Q3 2024 | 631 | $2.1B | IVV, IEFA, MSFT, ITOT, AAPL |
| Q2 2024Amended | 527 | $2.2B | IVV, VTIP, IEFA, MSFT, ITOT |
| Q1 2024Amended | 554 | $2.2B | IVV, VTIP, IEFA, MSFT, ITOT |