Hershey Financial Advisers, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 18, 2026), Hershey Financial Advisers, LLC reported 78 stock positions worth $118.3 million. Its top holding was Vanguard Total Bond Market (BND) at 4.2% of the portfolio, followed by Alpha Architect 1-3 MNTH Box (BOXX, 3.7%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 3.7%). Compared with Q3 2025, it opened 37 new positions, sold out of 35, added to 17 and reduced 23. The biggest buy was Vanguard Total Bond Market (BND, shares +2209%) and the biggest sale an exit from iShares Convertible Bond ETF (ICVT).
- Most Recent 13F
- Q2 2026
- Location
- LANCASTER, PA
- CIK
- 0002034214
- Portfolio Value
- $118.3M (Q4 2025)
- SEC Filing
- 0002034214-26-000001 ↗ filed Feb 18, 2026
Holdings Value
Holdings 78 stocks · $118.3M
| BND Vanguard Total Bond Market | 4.21% | 67,279 | $5.0M | Add +2208.8% |
| BOXX Alpha Architect 1-3 MNTH Box | 3.69% | 37,950 | $4.4M | Reduce -3.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.66% | 47,341 | $4.3M | Reduce -16.8% |
| VNLA Janus Henderson Short Durati | 3.50% | 84,254 | $4.1M | New |
| VGIT Vanguard Intermediate-Term T | 3.34% | 65,971 | $4.0M | New |
| TFLO iShares Treasury Floating Ra | 3.34% | 78,206 | $3.9M | New |
| SPIB SS SPDR P Int C Corp. ETF | 3.29% | 115,041 | $3.9M | Add +6.3% |
| IEF iShares 7-10 Year Treasury B | 3.26% | 40,100 | $3.9M | Add +6.3% |
| CWB SS SPDR BB Conv Sec ETF | 3.06% | 40,554 | $3.6M | New |
| BILS SS Spdrb B 3-12M T-Bill ETF | 2.90% | 34,564 | $3.4M | Reduce -24.6% |
| VOX Vanguard Communication Servi | 1.64% | 10,050 | $1.9M | Reduce -3.6% |
| MU Micron Technology Inc. | 1.59% | 6,605 | $1.9M | New |
| VHT Vanguard Health Care ETF | 1.58% | 6,499 | $1.9M | Add +32.9% |
| VGT Vanguard Info Tech ETF | 1.58% | 2,478 | $1.9M | Reduce -4.4% |
| EFAV iShares MSCI Eafe Min Vol Fa | 1.58% | 21,639 | $1.9M | New |
| VIS Vanguard Industrials ETF | 1.52% | 6,041 | $1.8M | Reduce -3.7% |
| VFH Vanguard Financials ETF | 1.52% | 13,443 | $1.8M | Reduce -3.5% |
| VCR Vanguard Consumer Discre ETF | 1.51% | 4,547 | $1.8M | Reduce -3.6% |
| VPU Vanguard Utilities ETF | 1.50% | 9,560 | $1.8M | Reduce -3.7% |
| DSI iShares ESG MSCI KLD 400 ETF | 1.48% | 13,556 | $1.7M | Add +56.7% |
| VAW Vanguard Materials ETF | 1.45% | 8,292 | $1.7M | Reduce -3.5% |
| LRGF iShares US Equity Factor ETF | 1.45% | 24,744 | $1.7M | New |
| VDE Vanguard Energy ETF | 1.43% | 13,466 | $1.7M | Reduce -3.4% |
| EPS Wisdomtree US Large Cap Fund | 1.43% | 23,882 | $1.7M | Reduce -2.3% |
| FQAL Fidelity Quality Factor ETF | 1.43% | 22,335 | $1.7M | Add +3.0% |
| USMV iShares MSCI USA Min Vol Fac | 1.43% | 17,906 | $1.7M | New |
| EXPE Expedia Group Inc. | 1.42% | 5,938 | $1.7M | New |
| AMAT Applied Materials Inc. | 1.41% | 6,476 | $1.7M | Reduce -42.5% |
| SPHQ Invesco S&P 500 Quality ETF | 1.39% | 21,971 | $1.6M | New |
| DLTR Dollar Tree Inc. | 1.39% | 13,380 | $1.6M | New |
| DG Dollar General Corp. | 1.38% | 12,310 | $1.6M | New |
| ALB Albemarle Corp. | 1.38% | 11,506 | $1.6M | New |
| ALGN Align Technology Inc. | 1.36% | 10,282 | $1.6M | New |
| VDC Vanguard Consumer Staple ETF | 1.35% | 7,559 | $1.6M | Reduce -3.3% |
| LLY Eli Lilly & Co. | 1.33% | 1,464 | $1.6M | New |
| VOO Vanguard S&P 500 ETF | 1.29% | 2,436 | $1.5M | Add +14.6% |
| TSLA Tesla Inc. | 1.26% | 3,317 | $1.5M | Add +62.9% |
| OEF iShares S&P 100 ETF | 1.16% | 4,013 | $1.4M | New |
| VIG Vanguard Dividend Apprec ETF | 1.12% | 6,026 | $1.3M | New |
| NOBL Proshares S&P 500 Dividend A | 1.04% | 11,817 | $1.2M | New |
| BIV Vanguard Intermediate-Term B | 1.04% | 15,746 | $1.2M | Reduce -13.6% |
| BLV Vanguard Long-Term Bond ETF | 1.03% | 17,454 | $1.2M | Reduce -13.6% |
| QUAL iShares MSCI USA Quality Fac | 0.99% | 5,915 | $1.2M | New |
| VNQ Vanguard Real Estate ETF | 0.98% | 13,116 | $1.2M | Reduce -3.5% |
| RTX RTX Corp. | 0.96% | 6,224 | $1.1M | New |
| ONEQ Fidelity Nasdaq Comp Indx | 0.96% | 12,424 | $1.1M | Add +132.2% |
| VONE Vanguard Russell 1000 | 0.94% | 3,607 | $1.1M | New |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.93% | 23,742 | $1.1M | Add +5.0% |
| FDG American Century Focused DYN | 0.93% | 8,636 | $1.1M | New |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.91% | 4,296 | $1.1M | New |
| BSV Vanguard Short-Term Bond ETF | 0.90% | 13,456 | $1.1M | Reduce -34.9% |
| PWB Invesco Large Cap Growth ETF | 0.89% | 8,259 | $1.0M | New |
| JQUA JPMorgan US Quality Factor | 0.88% | 16,475 | $1.0M | New |
| FCVT First Trust Ssi Strategi ETF | 0.85% | 23,490 | $1.0M | New |
| ILCG iShares Morningstar Growth E | 0.80% | 9,128 | $950K | Reduce -17.3% |
| DFAC Dimensional US Core Equity 2 | 0.54% | 16,115 | $638K | Add +0.9% |
| SCHB Schwab US Broad Market ETF | 0.51% | 23,174 | $608K | Reduce -5.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.51% | 13,538 | $601K | Add +15.6% |
| IAGG iShares Intl Aggregate Bond | 0.51% | 11,994 | $600K | Add +4.5% |
| FDL First Trust Morn DVD Lead Inc. | 0.50% | 13,240 | $587K | New |
| XLG Invesco S&P 500 Top 50 ETF | 0.49% | 9,845 | $584K | New |
| IVV iShares Core S&P 500 ETF | 0.49% | 850 | $582K | New |
| IUSG iShares Core S&P U.S. Growth | 0.49% | 3,454 | $580K | New |
| MTUM iShares MSCI USA Momentum Fa | 0.45% | 2,114 | $529K | New |
| NVDA Nvidia Corp. | 0.44% | 2,782 | $519K | Add +24.9% |
| LVHI Franklin International Low V | 0.43% | 13,733 | $506K | New |
| DGCB Dimensional Global Credit | 0.42% | 9,110 | $494K | No change |
| SCHG Schwab US Large-Cap Growth | 0.42% | 15,066 | $491K | Reduce -83.4% |
| MSFT Microsoft Corp. | 0.41% | 997 | $482K | Reduce -1.3% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.40% | 1,519 | $478K | New |
| USMC Principal US Mega-Cap ETF | 0.40% | 6,955 | $476K | New |
| VTIP Vanguard Short-Term Tips | 0.35% | 8,451 | $418K | Reduce -22.4% |
| EDV Vanguard Extended Dur Treas | 0.33% | 5,948 | $387K | New |
| VXF Vanguard Extended Market ETF | 0.31% | 1,769 | $370K | Add +14.7% |
| AAPL Apple Inc. | 0.29% | 1,260 | $343K | Add +7.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.26% | 6,090 | $306K | New |
| GOOGL Alphabet Inc. Class A | 0.23% | 886 | $277K | Add +6.1% |
| MUNI PIMCO Intermediate Municipal | 0.18% | 4,104 | $215K | New |
Portfolio Sells Q3 2025 → Q4 2025
| ICVT iShares Convertible Bond ETF | Sold out | 0.00% | −3.82 |
| ANGL Vaneck Fallen Angel High YLD | Sold out | 0.00% | −3.39 |
| JPST JPMorgan Ultra-Short Income | Sold out | 0.00% | −3.27 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −3.23 |
| BAB Invesco Taxable Municipal Bo | Sold out | 0.00% | −3.03 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −2.15 |
| SCHG Schwab US Large-Cap Growth | Reduce -83.4% | 0.42% | −2.07 |
| SPYG SS SPDR P S&P 500 Growth ETF | Sold out | 0.00% | −1.89 |
| ALL Allstate Corp. | Sold out | 0.00% | −1.71 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Sold out | 0.00% | −1.62 |
| PKW Invesco Buyback Achievers Et | Sold out | 0.00% | −1.50 |
| JHML John Hancock Multi Fact LRG | Sold out | 0.00% | −1.45 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Sold out | 0.00% | −1.42 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −1.14 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −1.12 |
| SUSA iShares ESG Optimized MSCI U | Sold out | 0.00% | −1.10 |
| DGRW Wisdomtree U.S. Quality Divi | Sold out | 0.00% | −1.08 |
| RMD Resmed Inc. | Sold out | 0.00% | −1.05 |
| FTCS First Trust Capital Strength | Sold out | 0.00% | −1.05 |
| FDLO Fidelity Low Volat Fact ETF | Sold out | 0.00% | −1.04 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -24.6% | 2.90% | −1.01 |
| OMFL Invesco Russell 1000 DYN M/F | Sold out | 0.00% | −0.93 |
| TEL Te Connectivity PLC | Sold out | 0.00% | −0.93 |
| LYV Live Nation Entertainment Inc. | Sold out | 0.00% | −0.92 |
| FEX First Trust Large Cap Core A | Sold out | 0.00% | −0.88 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -16.8% | 3.66% | −0.82 |
| AMAT Applied Materials Inc. | Reduce -42.5% | 1.41% | −0.57 |
| IJK iShares S&P Mid-Cap 400 Grow | Sold out | 0.00% | −0.52 |
| BSV Vanguard Short-Term Bond ETF | Reduce -34.9% | 0.90% | −0.50 |
| TCHP T Rowe Price Blue Chip Growt | Sold out | 0.00% | −0.50 |
| SPGP Invesco S&P 500 Garp ETF | Sold out | 0.00% | −0.46 |
| SCHM Schwab US Mid Cap ETF | Sold out | 0.00% | −0.45 |
| JMOM JPMorgan US Momentum Factor | Sold out | 0.00% | −0.43 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.42 |
| IVW iShares S&P 500 Growth ETF | Sold out | 0.00% | −0.42 |
| XMMO Invesco S&P Midcap Momentum | Sold out | 0.00% | −0.38 |
| SCHX Schwab US Large-Cap ETF | Sold out | 0.00% | −0.38 |
| SPMO Invesco S&P 500 Momentum ETF | Sold out | 0.00% | −0.35 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.22 |
| BLV Vanguard Long-Term Bond ETF | Reduce -13.6% | 1.03% | −0.20 |
| ILCG iShares Morningstar Growth E | Reduce -17.3% | 0.80% | −0.18 |
| BIV Vanguard Intermediate-Term B | Reduce -13.6% | 1.04% | −0.18 |
| BOXX Alpha Architect 1-3 MNTH Box | Reduce -3.2% | 3.69% | −0.14 |
| PDBC Invesco Optimum Yield Divers | Sold out | 0.00% | −0.12 |
| VTIP Vanguard Short-Term Tips | Reduce -22.4% | 0.35% | −0.12 |
| VPU Vanguard Utilities ETF | Reduce -3.7% | 1.50% | −0.12 |
| VCR Vanguard Consumer Discre ETF | Reduce -3.6% | 1.51% | −0.09 |
| VNQ Vanguard Real Estate ETF | Reduce -3.5% | 0.98% | −0.08 |
| VDC Vanguard Consumer Staple ETF | Reduce -3.3% | 1.35% | −0.08 |
| VGT Vanguard Info Tech ETF | Reduce -4.4% | 1.58% | −0.08 |
Portfolio Buys Q3 2025 → Q4 2025
| BND Vanguard Total Bond Market | Add +2208.8% | 4.21% | +4.03 |
| VNLA Janus Henderson Short Durati | New | 3.50% | +3.50 |
| VGIT Vanguard Intermediate-Term T | New | 3.34% | +3.34 |
| TFLO iShares Treasury Floating Ra | New | 3.34% | +3.34 |
| CWB SS SPDR BB Conv Sec ETF | New | 3.06% | +3.06 |
| MU Micron Technology Inc. | New | 1.59% | +1.59 |
| EFAV iShares MSCI Eafe Min Vol Fa | New | 1.58% | +1.58 |
| LRGF iShares US Equity Factor ETF | New | 1.45% | +1.45 |
| USMV iShares MSCI USA Min Vol Fac | New | 1.43% | +1.43 |
| EXPE Expedia Group Inc. | New | 1.42% | +1.42 |
| SPHQ Invesco S&P 500 Quality ETF | New | 1.39% | +1.39 |
| DLTR Dollar Tree Inc. | New | 1.39% | +1.39 |
| DG Dollar General Corp. | New | 1.38% | +1.38 |
| ALB Albemarle Corp. | New | 1.38% | +1.38 |
| ALGN Align Technology Inc. | New | 1.36% | +1.36 |
| LLY Eli Lilly & Co. | New | 1.33% | +1.33 |
| OEF iShares S&P 100 ETF | New | 1.16% | +1.16 |
| VIG Vanguard Dividend Apprec ETF | New | 1.12% | +1.12 |
| NOBL Proshares S&P 500 Dividend A | New | 1.04% | +1.04 |
| QUAL iShares MSCI USA Quality Fac | New | 0.99% | +0.99 |
| RTX RTX Corp. | New | 0.96% | +0.96 |
| VONE Vanguard Russell 1000 | New | 0.94% | +0.94 |
| FDG American Century Focused DYN | New | 0.93% | +0.93 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | New | 0.91% | +0.91 |
| PWB Invesco Large Cap Growth ETF | New | 0.89% | +0.89 |
| JQUA JPMorgan US Quality Factor | New | 0.88% | +0.88 |
| FCVT First Trust Ssi Strategi ETF | New | 0.85% | +0.85 |
| ONEQ Fidelity Nasdaq Comp Indx | Add +132.2% | 0.96% | +0.55 |
| DSI iShares ESG MSCI KLD 400 ETF | Add +56.7% | 1.48% | +0.54 |
| FDL First Trust Morn DVD Lead Inc. | New | 0.50% | +0.50 |
| XLG Invesco S&P 500 Top 50 ETF | New | 0.49% | +0.49 |
| VHT Vanguard Health Care ETF | Add +32.9% | 1.58% | +0.49 |
| IVV iShares Core S&P 500 ETF | New | 0.49% | +0.49 |
| IUSG iShares Core S&P U.S. Growth | New | 0.49% | +0.49 |
| TSLA Tesla Inc. | Add +62.9% | 1.26% | +0.48 |
| MTUM iShares MSCI USA Momentum Fa | New | 0.45% | +0.45 |
| LVHI Franklin International Low V | New | 0.43% | +0.43 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.40% | +0.40 |
| USMC Principal US Mega-Cap ETF | New | 0.40% | +0.40 |
| EDV Vanguard Extended Dur Treas | New | 0.33% | +0.33 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.26% | +0.26 |
| MUNI PIMCO Intermediate Municipal | New | 0.18% | +0.18 |
| VOO Vanguard S&P 500 ETF | Add +14.6% | 1.29% | +0.18 |
| SPIB SS SPDR P Int C Corp. ETF | Add +6.3% | 3.29% | +0.14 |
| IEF iShares 7-10 Year Treasury B | Add +6.3% | 3.26% | +0.14 |
| NVDA Nvidia Corp. | Add +24.9% | 0.44% | +0.08 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +15.6% | 0.51% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +6.1% | 0.23% | +0.06 |
| FQAL Fidelity Quality Factor ETF | Add +3.0% | 1.43% | +0.04 |
| VXF Vanguard Extended Market ETF | Add +14.7% | 0.31% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 85 | $139.2M | DELL, CWB, MINT, AMAT, VNLA |
| Q1 2026 | 80 | $115.8M | ICVT, BIL, CWB, ANGL, STIP |
| Q4 2025 | 78 | $118.3M | BND, BOXX, BIL, VNLA, VGIT |
| Q3 2025 | 76 | $116.7M | BIL, BILS, BOXX, ICVT, ANGL |
| Q2 2025 | 69 | $111.7M | BIL, BILS, BOXX, ICVT, ANGL |
| Q4 2024 | 63 | $113.6M | BIL, BILS, MINT, AGZD, TFLO |
| Q2 2024 | 154 | $111.4M | BIL, BILS, NVDA, SCHG, CCL |