Heritage Wealth Advisors
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Heritage Wealth Advisors reported 603 stock positions worth $2.6 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 17.3% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 9.8%) and Sprott Physical Gold Trust (PHYS, 6.5%). Compared with Q3 2025, it opened 38 new positions, sold out of 30, added to 94 and reduced 86. The biggest buy was a new position in Sprott Physical Gold Trust (PHYS) and the biggest sale Brookfield (BN, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001591122
- Portfolio Value
- $2.6B (Q4 2025)
- SEC Filing
- 0001591122-26-000002 ↗ filed Feb 13, 2026
Holdings Value
Holdings 603 stocks · $2.6B
| IVV iShares Core S&P 500 ETF | 17.33% | 662,356 | $453.7M | Add +1.0% |
| IEFA iShares Core MSCI Eafe ETF | 9.77% | 2,858,755 | $255.7M | Add +11.5% |
| PHYS Sprott Physical Gold Trust | 6.48% | 5,138,572 | $169.7M | New |
| GOOG Alphabet Inc. Class C | 4.18% | 348,675 | $109.4M | Reduce -4.6% |
| MSFT Microsoft Corp. | 3.34% | 181,016 | $87.5M | Add +9.1% |
| RTX RTX Corp. | 3.16% | 451,381 | $82.8M | Reduce -3.4% |
| IWS iShares Russell Mid-Cap Valu | 2.91% | 539,682 | $76.1M | Add +2.9% |
| AAPL Apple Inc. | 2.83% | 272,807 | $74.2M | Reduce -1.1% |
| BN Brookfield Corp. | 2.83% | 1,615,356 | $74.1M | Reduce -1.4% |
| JNJ Johnson & Johnson | 2.65% | 335,135 | $69.4M | Reduce -0.9% |
| MA Mastercard Inc. Class A | 2.59% | 118,584 | $67.7M | Add +7.8% |
| MRK Merck & Co. Inc. | 2.45% | 610,573 | $64.3M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.40% | 125,066 | $62.8M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 2.36% | 267,515 | $61.7M | Add +18.0% |
| IEMG iShares Core MSCI Emerging | 2.30% | 896,439 | $60.3M | Add +2.1% |
| WMT Walmart Inc. | 2.07% | 487,266 | $54.3M | Reduce -1.6% |
| ADP Automatic Data Processing | 2.06% | 209,836 | $54.0M | Add +10.8% |
| JPM JPMorgan Chase & Co. | 1.86% | 151,264 | $48.7M | Add +5.0% |
| COP Conocophillips | 1.75% | 490,606 | $45.9M | Add +2.6% |
| PGR Progressive Corp. | 1.65% | 190,238 | $43.3M | Add +2.1% |
| ITOT iShares Core S&P Total U.S. | 1.46% | 257,964 | $38.4M | No change |
| DUK Duke Energy Corp. | 1.45% | 323,963 | $38.0M | Reduce -0.1% |
| UNP Union Pacific Corp. | 1.44% | 162,804 | $37.7M | Add +1.8% |
| MCD McDonald's Corp. | 1.40% | 119,538 | $36.5M | Add +1.7% |
| HD Home Depot Inc. | 1.33% | 101,584 | $35.0M | Add +5.8% |
| WMB Williams Cos Inc. | 1.00% | 436,298 | $26.2M | Add +0.3% |
| VT Vanguard Tot World STK ETF | 0.96% | 178,346 | $25.2M | No change |
| VOO Vanguard S&P 500 ETF | 0.85% | 35,615 | $22.3M | Reduce -2.1% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.79% | 308,971 | $20.7M | No change |
| MKL Markel Group Inc. | 0.65% | 7,965 | $17.1M | Reduce -1.1% |
| EFA iShares MSCI Eafe ETF | 0.61% | 165,915 | $15.9M | Reduce -0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.47% | 18,101 | $12.3M | No change |
| PM Philip Morris International | 0.46% | 75,043 | $12.0M | Reduce -1.7% |
| EPD Enterprise Products Partners | 0.44% | 360,341 | $11.6M | Reduce -1.9% |
| NVDA Nvidia Corp. | 0.36% | 50,831 | $9.5M | Add +20.8% |
| VIG Vanguard Dividend Apprec ETF | 0.36% | 42,605 | $9.4M | Reduce -1.0% |
| GOOGL Alphabet Inc. Class A | 0.34% | 28,467 | $8.9M | Add +0.4% |
| IVW iShares S&P 500 Growth ETF | 0.28% | 60,466 | $7.5M | Add +0.0% |
| EEM iShares MSCI Emerging Market | 0.25% | 121,558 | $6.7M | No change |
| APH Amphenol Corp. Class A | 0.22% | 41,764 | $5.6M | Add +1209.6% |
| V Visa Inc. Class A | 0.20% | 15,124 | $5.3M | Reduce -25.0% |
| FRFHF Fairfax Financial Hldgs Ltd. | 0.20% | 2,677 | $5.1M | No change |
| MO Altria Group Inc. | 0.19% | 87,656 | $5.1M | Reduce -0.3% |
| XLK SS Technology Select Sector | 0.18% | 32,696 | $4.7M | No change |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.16% | 37,748 | $4.2M | No change |
| IVE iShares S&P 500 Value ETF | 0.15% | 19,058 | $4.0M | New |
| XOM Exxon Mobil Corp. | 0.15% | 32,879 | $4.0M | Reduce -0.3% |
| OEF iShares S&P 100 ETF | 0.15% | 11,502 | $3.9M | No change |
| SPHQ Invesco S&P 500 Quality ETF | 0.15% | 52,185 | $3.9M | Add +50.1% |
| SCHW Schwab (charles) Corp. | 0.14% | 37,927 | $3.8M | New |
| ESGD iShares Trust iShares ESG Aw | 0.14% | 38,609 | $3.7M | Add +9.6% |
| ETN Eaton Corp. PLC | 0.12% | 9,994 | $3.2M | Add +7358.2% |
| RSP Invesco S&P 500 Equal Weight | 0.10% | 14,038 | $2.7M | Add +0.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.10% | 17,238 | $2.6M | Add +1497.6% |
| PEP Pepsico Inc. | 0.10% | 18,223 | $2.6M | Reduce -5.4% |
| CSX CSX Corp. | 0.10% | 71,254 | $2.6M | Add +0.0% |
| CDNS Cadence Design SYS Inc. | 0.10% | 8,030 | $2.5M | New |
| LOW Lowe's Cos Inc. | 0.09% | 9,947 | $2.4M | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.09% | 8,264 | $2.4M | Reduce -4.1% |
| IQV Iqvia Holdings Inc. | 0.09% | 10,439 | $2.4M | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.09% | 3 | $2.3M | No change |
| CTAS Cintas Corp. | 0.08% | 11,473 | $2.2M | Add +292.4% |
| IWR iShares Russell Mid-Cap ETF | 0.08% | 22,225 | $2.1M | Reduce -0.4% |
| RJF Raymond James Financial Inc. | 0.08% | 13,186 | $2.1M | Reduce -1.7% |
| COO The Cooper Cos Inc. | 0.08% | 25,348 | $2.1M | New |
| ROP Roper Technologies Inc. | 0.08% | 4,520 | $2.0M | New |
| ORCL Oracle Corp. | 0.08% | 10,186 | $2.0M | No change |
| ZTS Zoetis Inc. | 0.08% | 15,714 | $2.0M | Add +248.1% |
| FICO Fair Isaac Corp. | 0.07% | 1,160 | $2.0M | New |
| GLDM SPDR Gold Minishares Trust | 0.07% | 22,789 | $1.9M | Add +3.7% |
| COST Costco Wholesale Corp. | 0.07% | 2,230 | $1.9M | Reduce -4.2% |
| TFC Truist Financial Corp. | 0.07% | 38,230 | $1.9M | Reduce -3.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 5,438 | $1.8M | Add +1.0% |
| ESGE iShares Inc. iShares ESG Awar | 0.07% | 40,083 | $1.8M | Add +0.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.07% | 6,687 | $1.7M | Add +346.4% |
| MDLZ Mondelez International Inc. Class A | 0.06% | 30,423 | $1.6M | Reduce -1.1% |
| CSCO Cisco Systems Inc. | 0.06% | 20,161 | $1.6M | Reduce -4.6% |
| MDY State Street SPDR S&P Midcap | 0.06% | 2,560 | $1.5M | New |
| ECL Ecolab Inc. | 0.06% | 5,813 | $1.5M | New |
| ABBV Abbvie Inc. | 0.06% | 6,468 | $1.5M | Reduce -0.1% |
| CAT Caterpillar Inc. | 0.06% | 2,523 | $1.4M | Reduce -1.8% |
| CVX Chevron Corp. | 0.06% | 9,478 | $1.4M | Reduce -1.3% |
| IWF iShares Russell 1000 Growth | 0.05% | 3,027 | $1.4M | New |
| MSI Motorola Solutions Inc. | 0.05% | 3,637 | $1.4M | Add +1623.7% |
| PG The Procter & Gamble Co. | 0.05% | 9,511 | $1.4M | No change |
| TT Trane Technologies PLC | 0.05% | 3,410 | $1.3M | No change |
| IWB iShares Russell 1000 ETF | 0.05% | 3,548 | $1.3M | No change |
| XLE SS Energy Select Sector | 0.05% | 29,601 | $1.3M | New |
| NSC Norfolk Southern Corp. | 0.05% | 4,384 | $1.3M | No change |
| DFAC Dimensional US Core Equity 2 | 0.05% | 31,658 | $1.3M | Reduce -2.3% |
| AMAT Applied Materials Inc. | 0.05% | 4,861 | $1.2M | No change |
| VALQ American Century US Quality | 0.05% | 17,870 | $1.2M | Reduce -10.0% |
| QCOM Qualcomm Inc. | 0.05% | 6,898 | $1.2M | No change |
| ABT Abbott Laboratories | 0.04% | 9,299 | $1.2M | No change |
| MINT PIMCO Enhanced Short Maturit | 0.04% | 11,604 | $1.2M | New |
| META Meta Platforms Inc. Class A | 0.04% | 1,734 | $1.1M | No change |
| KO The Coca-Cola Co. | 0.04% | 16,278 | $1.1M | Add +0.0% |
| GE General Electric filed as GE AEROSPACE | 0.04% | 3,671 | $1.1M | Add +1.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.04% | 3,766 | $1.1M | Add +1.1% |
| AVGO Broadcom Inc. | 0.04% | 3,199 | $1.1M | No change |
Other holdings (3): 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 |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 3 | $58 | No change |
| WELLS FARGO & COMPANY (WFC V0 PERP DEPs) | PFD | 19 | $40 | No change |
Lines left out (2) · $19 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| BND Vanguard Total Bond Market | TOTAL BND MRKT | 0 | $15 |
| 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: $2.6B.
Portfolio Sells Q3 2025 → Q4 2025
| BN Brookfield Corp. | Reduce -1.4% | 2.83% | −0.45 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 2.40% | −0.37 |
| DUK Duke Energy Corp. | Reduce -0.1% | 1.45% | −0.31 |
| RTX RTX Corp. | Reduce -3.4% | 3.16% | −0.26 |
| AAPL Apple Inc. | Reduce -1.1% | 2.83% | −0.24 |
| WMT Walmart Inc. | Reduce -1.6% | 2.07% | −0.16 |
| VOO Vanguard S&P 500 ETF | Reduce -2.1% | 0.85% | −0.12 |
| V Visa Inc. Class A | Reduce -25.0% | 0.20% | −0.10 |
| JNJ Johnson & Johnson | Reduce -0.9% | 2.65% | −0.09 |
| PM Philip Morris International | Reduce -1.7% | 0.46% | −0.08 |
| EFA iShares MSCI Eafe ETF | Reduce -0.0% | 0.61% | −0.07 |
| EPD Enterprise Products Partners | Reduce -1.9% | 0.44% | −0.06 |
| MO Altria Group Inc. | Reduce -0.3% | 0.19% | −0.06 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.0% | 0.36% | −0.05 |
| FFXDF Fairfax India Ho-Sub VTG SHS | Sold out | 0.00% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.1% | 0.06% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -4.2% | 0.07% | −0.02 |
| RJF Raymond James Financial Inc. | Reduce -1.7% | 0.08% | −0.02 |
| MKL Markel Group Inc. | Reduce -1.1% | 0.65% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -37.0% | 0.02% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -4.1% | 0.09% | −0.02 |
| VNQ Vanguard Real Estate ETF | Reduce -78.2% | 0.00% | −0.02 |
| PEP Pepsico Inc. | Reduce -5.4% | 0.10% | −0.02 |
| GD General Dynamics Corp. | Reduce -52.1% | 0.01% | −0.02 |
| FISV Fiserv Inc. | Reduce -41.2% | 0.01% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -0.4% | 0.08% | −0.01 |
| VYM Vanguard High DVD Yield ETF | Reduce -50.0% | 0.01% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -0.3% | 0.15% | −0.01 |
| VALQ American Century US Quality | Reduce -10.0% | 0.05% | −0.01 |
| CVX Chevron Corp. | Reduce -1.3% | 0.06% | −0.01 |
| NEU Newmarket Corp. | Reduce -14.4% | 0.02% | −0.01 |
| ABBV Abbvie Inc. | Reduce -0.1% | 0.06% | −0.01 |
| ADBE Adobe Inc. | Reduce -41.8% | 0.01% | −0.01 |
| TFC Truist Financial Corp. | Reduce -3.0% | 0.07% | −0.01 |
| DFAC Dimensional US Core Equity 2 | Reduce -2.3% | 0.05% | −0.01 |
| INTU Intuit Inc. | Reduce -6.6% | 0.03% | −0.01 |
| PICK iShares MSCI Global Metals & | Reduce -27.4% | 0.02% | −0.01 |
| TY Tri-Continental Corp. | Reduce -4.5% | 0.02% | −0.01 |
| ITW Illinois Tool Works | Reduce -0.3% | 0.03% | −0.01 |
| WM Waste Management Inc. | Reduce -21.3% | 0.01% | −0.01 |
| ELV Elevance Health Inc. | Reduce -5.8% | 0.04% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -4.6% | 0.06% | −0.00 |
| PAYX Paychex Inc. | Reduce -0.7% | 0.01% | −0.00 |
| TXN Texas Instruments Inc. | Reduce -0.9% | 0.02% | −0.00 |
| TOST Toast Inc. Class A | Sold out | 0.00% | −0.00 |
| KMX Carmax Inc. | Reduce -0.4% | 0.01% | −0.00 |
| PFE Pfizer Inc. | Reduce -48.6% | 0.00% | −0.00 |
| GILD Gilead Sciences Inc. | Reduce -20.8% | 0.01% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -7.3% | 0.02% | −0.00 |
| ARCC Ares Capital Corp. | Reduce -56.1% | 0.00% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| PHYS Sprott Physical Gold Trust | New | 6.48% | +6.48 |
| APH Amphenol Corp. Class A | Add +1209.6% | 0.22% | +0.20 |
| AMZN Amazon.com Inc. | Add +18.0% | 2.36% | +0.18 |
| IVE iShares S&P 500 Value ETF | New | 0.15% | +0.15 |
| SCHW Schwab (charles) Corp. | New | 0.14% | +0.14 |
| ETN Eaton Corp. PLC | Add +7358.2% | 0.12% | +0.12 |
| CDNS Cadence Design SYS Inc. | New | 0.10% | +0.10 |
| TJX TJX Companies Inc. | Add +1497.6% | 0.10% | +0.09 |
| IQV Iqvia Holdings Inc. | New | 0.09% | +0.09 |
| COO The Cooper Cos Inc. | New | 0.08% | +0.08 |
| ROP Roper Technologies Inc. | New | 0.08% | +0.08 |
| FICO Fair Isaac Corp. | New | 0.07% | +0.07 |
| MDY State Street SPDR S&P Midcap | New | 0.06% | +0.06 |
| ECL Ecolab Inc. | New | 0.06% | +0.06 |
| CTAS Cintas Corp. | Add +292.4% | 0.08% | +0.06 |
| IWF iShares Russell 1000 Growth | New | 0.05% | +0.05 |
| XLE SS Energy Select Sector | New | 0.05% | +0.05 |
| MSI Motorola Solutions Inc. | Add +1623.7% | 0.05% | +0.05 |
| ZTS Zoetis Inc. | Add +248.1% | 0.08% | +0.05 |
| AJG Arthur J Gallagher & Co. | Add +346.4% | 0.07% | +0.05 |
| MINT PIMCO Enhanced Short Maturit | New | 0.04% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +0.4% | 0.34% | +0.04 |
| SPHQ Invesco S&P 500 Quality ETF | Add +50.1% | 0.15% | +0.04 |
| MUB iShares National Muni Bond E | New | 0.02% | +0.02 |
| NVDA Nvidia Corp. | Add +20.8% | 0.36% | +0.02 |
| IAU iShares Gold Trust | New | 0.01% | +0.01 |
| BITU Proshares Ultra Bitcoin ETF | New | 0.01% | +0.01 |
| LOWV AB US Low Vol Equity ETF | New | 0.01% | +0.01 |
| AKRE Akre Focus ETF | New | 0.00% | +0.00 |
| XLV SS Health Care Select Sector | Add +9.8% | 0.04% | +0.00 |
| VGT Vanguard Info Tech ETF | Add +24.2% | 0.03% | +0.00 |
| XLP SS Consumer Staples Sel Sect | New | 0.00% | +0.00 |
| BITX 2X Bitcoin ETF | New | 0.00% | +0.00 |
| AB Alliancebernstein Holding LP | New | 0.00% | +0.00 |
| DNP DNP Select Income Fund Inc. | New | 0.00% | +0.00 |
| RBRK Rubrik Inc. Class A | New | 0.00% | +0.00 |
| CRM Salesforce Inc. | Add +25.0% | 0.01% | +0.00 |
| PDI PIMCO Dynamic Income Fund | New | 0.00% | +0.00 |
| XRNPX Cohen & Steers REIT and Pref | New | 0.00% | +0.00 |
| BNY Bank of New York Mellon Corp. | New | 0.00% | +0.00 |
| IWD iShares Russell 1000 Value E | New | 0.00% | +0.00 |
| MFC Manulife Financial Corp. | New | 0.00% | +0.00 |
| RFI Cohen & Steers Tot Ret RLTY | New | 0.00% | +0.00 |
| CQQQ Invesco China Technology ETF | New | 0.00% | +0.00 |
| CAH Cardinal Health Inc. | Add +31.6% | 0.00% | +0.00 |
| DOV Dover Corp. | Add +3.8% | 0.01% | +0.00 |
| GLDM SPDR Gold Minishares Trust | Add +3.7% | 0.07% | +0.00 |
| IYH iShares U.S. Healthcare ETF | Add +5.9% | 0.03% | +0.00 |
| RGTI Rigetti Computing Inc. | Add +454.3% | 0.00% | +0.00 |
| PSX Phillips 66 | New | 0.00% | +0.00 |
Notes & Other Activity Q3 2025 → Q4 2025
| HOWMET AEROSPACE INC (HWM 3.75 PERP *) | Preferred Stock | Sold out | 12 | $797before exit |
| CCI Crown Castle Inc. | COM | Sold out | 0 | $6before exit |
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 |