HERITAGE WEALTH ADVISORS

Filed: 2/12/2025ACC: 0001591122-25-000002

📋 What this filing means

HERITAGE WEALTH ADVISORS filed this quarterly 13F‑HR report disclosing 639 equity positions with a total reported market value of $2.02B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

639

Positions

$2.02B

Total AUM (reported)

15.09M

Total Shares

Allocation by class

COM$912.60M45.2%

ETF$909.20M45.1%

CAP STK CL C$66.20M3.3%

CL B$55.87M2.8%

CL A$50.92M2.5%

COM UT LTD PTN$11.76M0.6%

CAP STK CL A$5.37M0.3%

Portfolio Concentration

Top 3$544.76M27.0%

4–10$444.13M22.0%

11–25$684.69M33.9%

Rest$343.23M17.0%

Top 3 weight

27.0%

Top 10 weight

49.0%

Voting Authority Distribution

Total shares with voting rights: 15.09M

Sole

Full voting authority

6.47M

% of voting shares42.9%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

8.62M

% of voting shares57.1%

Investment Discretion (by position count)

Sole639

Shared0

Other0

Dominant voting typeNone · 57.1% of voting shares

Institutional Holdings639

Rows:

IShares S&P 500 Index

SOLE

ETF

Shares600.57K

TypeSH

Market value$353.54M

17.53%

Sole

537.82K

Shared

0.00

None

62.74K

iShares Core MSCI EAFE

SOLE

ETF

Shares1.73M

TypeSH

Market value$121.77M

6.04%

Sole

977.93K

Shared

0.00

None

754.75K

Microsoft Corp

SOLE

COM

Shares164.75K

TypeSH

Market value$69.44M

3.44%

Sole

60.62K

Shared

0.00

None

104.13K

iShares Core S&P Total US Stock Mkt

SOLE

ETF

Shares529.28K

TypeSH

Market value$68.08M

3.38%

Sole

282.19K

Shared

0.00

None

247.09K

Apple Computer Inc

SOLE

COM

Shares269.98K

TypeSH

Market value$67.61M

3.35%

Sole

98.86K

Shared

0.00

None

171.11K

iShares Russell Midcap Value

SOLE

ETF

Shares514.62K

TypeSH

Market value$66.56M

3.30%

Sole

289.31K

Shared

0.00

None

225.31K

Alphabet Inc. Class C

SOLE

CAP STK CL C

Shares347.60K

TypeSH

Market value$66.20M

3.28%

Sole

139.77K

Shared

0.00

None

207.83K

Brookfield Corporation

SOLE

COM

Shares1.07M

TypeSH

Market value$61.57M

3.05%

Sole

428.95K

Shared

0.00

None

642.78K

Unitedhealth Group Inc

SOLE

COM

Shares113.08K

TypeSH

Market value$57.20M

2.84%

Sole

47.04K

Shared

0.00

None

66.04K

Mastercard Inc

SOLE

COM

Shares108.09K

TypeSH

Market value$56.92M

2.82%

Sole

46.50K

Shared

0.00

None

61.59K

SPDR S&P 500 Index

SOLE

ETF

Shares96.62K

TypeSH

Market value$56.63M

2.81%

Sole

87.31K

Shared

0.00

None

9.31K

Berkshire Hathaway Cl B

SOLE

CL B

Shares122.04K

TypeSH

Market value$55.32M

2.74%

Sole

46.07K

Shared

0.00

None

75.97K

Raytheon Technologies Ord

SOLE

COM

Shares470.08K

TypeSH

Market value$54.40M

2.70%

Sole

190.06K

Shared

0.00

None

280.01K

Merck & Co Inc

SOLE

COM

Shares534.97K

TypeSH

Market value$53.22M

2.64%

Sole

219.88K

Shared

0.00

None

315.09K

Auto Data Processing

SOLE

COM

Shares179.84K

TypeSH

Market value$52.64M

2.61%

Sole

79.65K

Shared

0.00

None

100.18K

Johnson & Johnson

SOLE

COM

Shares326.63K

TypeSH

Market value$47.24M

2.34%

Sole

137.63K

Shared

0.00

None

189K

Wal-Mart Stores Inc

SOLE

ETF

Shares500.58K

TypeSH

Market value$45.23M

2.24%

Sole

190.37K

Shared

0.00

None

310.21K

Comcast Corp New Cl A

SOLE

CL A

Shares1.20M

TypeSH

Market value$45.04M

2.23%

Sole

531.93K

Shared

0.00

None

668.21K

Progressive Corp Ohio

SOLE

COM

Shares186K

TypeSH

Market value$44.57M

2.21%

Sole

70.80K

Shared

0.00

None

115.20K

iShares Core MSCI Emerging Markets ETF

SOLE

ETF

Shares847.67K

TypeSH

Market value$44.27M

2.19%

Sole

368.25K

Shared

0.00

None

479.42K

Conocophillips

SOLE

COM

Shares419.96K

TypeSH

Market value$41.65M

2.07%

Sole

183.38K

Shared

0.00

None

236.58K

Pepsico Incorporated

SOLE

COM

Shares271.12K

TypeSH

Market value$41.23M

2.04%

Sole

108.84K

Shared

0.00

None

162.28K

Home Depot Inc

SOLE

COM

Shares89.92K

TypeSH

Market value$34.98M

1.73%

Sole

36.10K

Shared

0.00

None

53.81K

Union Pacific Corp

SOLE

COM

Shares149.84K

TypeSH

Market value$34.17M

1.69%

Sole

64.17K

Shared

0.00

None

85.67K

Duke Energy New

SOLE

COM

Shares316.73K

TypeSH

Market value$34.12M

1.69%

Sole

144.50K

Shared

0.00

None

172.22K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
IShares S&P 500 IndexSOLE	ETF	600.57K	SH	$353.54M 17.53%	537.82K	62.74K
iShares Core MSCI EAFESOLE	ETF	1.73M	SH	$121.77M 6.04%	977.93K	754.75K
Microsoft CorpSOLE	COM	164.75K	SH	$69.44M 3.44%	60.62K	104.13K
iShares Core S&P Total US Stock MktSOLE	ETF	529.28K	SH	$68.08M 3.38%	282.19K	247.09K
Apple Computer IncSOLE	COM	269.98K	SH	$67.61M 3.35%	98.86K	171.11K
iShares Russell Midcap ValueSOLE	ETF	514.62K	SH	$66.56M 3.30%	289.31K	225.31K
Alphabet Inc. Class CSOLE	CAP STK CL C	347.60K	SH	$66.20M 3.28%	139.77K	207.83K
Brookfield CorporationSOLE	COM	1.07M	SH	$61.57M 3.05%	428.95K	642.78K
Unitedhealth Group IncSOLE	COM	113.08K	SH	$57.20M 2.84%	47.04K	66.04K
Mastercard IncSOLE	COM	108.09K	SH	$56.92M 2.82%	46.50K	61.59K
SPDR S&P 500 IndexSOLE	ETF	96.62K	SH	$56.63M 2.81%	87.31K	9.31K
Berkshire Hathaway Cl BSOLE	CL B	122.04K	SH	$55.32M 2.74%	46.07K	75.97K
Raytheon Technologies OrdSOLE	COM	470.08K	SH	$54.40M 2.70%	190.06K	280.01K
Merck & Co IncSOLE	COM	534.97K	SH	$53.22M 2.64%	219.88K	315.09K
Auto Data ProcessingSOLE	COM	179.84K	SH	$52.64M 2.61%	79.65K	100.18K
Johnson & JohnsonSOLE	COM	326.63K	SH	$47.24M 2.34%	137.63K	189K
Wal-Mart Stores IncSOLE	ETF	500.58K	SH	$45.23M 2.24%	190.37K	310.21K
Comcast Corp New Cl ASOLE	CL A	1.20M	SH	$45.04M 2.23%	531.93K	668.21K
Progressive Corp OhioSOLE	COM	186K	SH	$44.57M 2.21%	70.80K	115.20K
iShares Core MSCI Emerging Markets ETFSOLE	ETF	847.67K	SH	$44.27M 2.19%	368.25K	479.42K
ConocophillipsSOLE	COM	419.96K	SH	$41.65M 2.07%	183.38K	236.58K
Pepsico IncorporatedSOLE	COM	271.12K	SH	$41.23M 2.04%	108.84K	162.28K
Home Depot IncSOLE	COM	89.92K	SH	$34.98M 1.73%	36.10K	53.81K
Union Pacific CorpSOLE	COM	149.84K	SH	$34.17M 1.69%	64.17K	85.67K
Duke Energy NewSOLE	COM	316.73K	SH	$34.12M 1.69%	144.50K	172.22K

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