HERITAGE WEALTH ADVISORS

Filed: 5/8/2025ACC: 0001591122-25-000004

📋 What this filing means

HERITAGE WEALTH ADVISORS filed this quarterly 13F‑HR report disclosing 593 equity positions with a total reported market value of $1.97B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

593

Positions

$1.97B

Total AUM (reported)

15M

Total Shares

Allocation by class

ETF$902.41M45.7%

COM$879.62M44.6%

CL B$67.30M3.4%

CAP STK CL C$56.40M2.9%

CL A$47.30M2.4%

COM UT LTD PTN$12.50M0.6%

CAP STK CL A$4.39M0.2%

Portfolio Concentration

Top 3$570.88M28.9%

4–10$431.88M21.9%

11–25$664.30M33.7%

Rest$306.98M15.6%

Top 3 weight

28.9%

Top 10 weight

50.8%

Voting Authority Distribution

Total shares with voting rights: 15M

Sole

Full voting authority

6.33M

% of voting shares42.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

8.68M

% of voting shares57.8%

Investment Discretion (by position count)

Sole593

Shared0

Other0

Dominant voting typeNone · 57.8% of voting shares

Institutional Holdings593

Rows:

IShares S&P 500 Index

SOLE

ETF

Shares664.73K

TypeSH

Market value$373.51M

18.92%

Sole

604.14K

Shared

0.00

None

60.59K

iShares Core MSCI EAFE

SOLE

ETF

Shares1.73M

TypeSH

Market value$130.50M

6.61%

Sole

977.93K

Shared

0.00

None

747.15K

Berkshire Hathaway Cl B

SOLE

CL B

Shares125.56K

TypeSH

Market value$66.87M

3.39%

Sole

45.87K

Shared

0.00

None

79.69K

iShares Russell Midcap Value

SOLE

ETF

Shares513.17K

TypeSH

Market value$64.64M

3.27%

Sole

289.31K

Shared

0.00

None

223.86K

iShares Core S&P Total US Stock Mkt

SOLE

ETF

Shares527.68K

TypeSH

Market value$64.38M

3.26%

Sole

282.19K

Shared

0.00

None

245.49K

Raytheon Technologies Ord

SOLE

COM

Shares475.63K

TypeSH

Market value$63.00M

3.19%

Sole

190.06K

Shared

0.00

None

285.56K

Microsoft Corp

SOLE

COM

Shares163.71K

TypeSH

Market value$61.46M

3.11%

Sole

60.62K

Shared

0.00

None

103.09K

Mastercard Inc

SOLE

COM

Shares110.59K

TypeSH

Market value$60.62M

3.07%

Sole

46.50K

Shared

0.00

None

64.09K

Apple Computer Inc

SOLE

COM

Shares271.67K

TypeSH

Market value$60.35M

3.06%

Sole

98.86K

Shared

0.00

None

172.80K

Brookfield Corporation

SOLE

COM

Shares1.10M

TypeSH

Market value$57.43M

2.91%

Sole

428.95K

Shared

0.00

None

666.82K

Auto Data Processing

SOLE

COM

Shares186.06K

TypeSH

Market value$56.85M

2.88%

Sole

79.65K

Shared

0.00

None

106.41K

Alphabet Inc. Class C

SOLE

CAP STK CL C

Shares361.03K

TypeSH

Market value$56.40M

2.86%

Sole

139.77K

Shared

0.00

None

221.26K

Johnson & Johnson

SOLE

COM

Shares338.12K

TypeSH

Market value$56.07M

2.84%

Sole

137.63K

Shared

0.00

None

200.49K

Progressive Corp Ohio

SOLE

COM

Shares184.23K

TypeSH

Market value$52.14M

2.64%

Sole

70.14K

Shared

0.00

None

114.09K

Merck & Co Inc

SOLE

COM

Shares565.49K

TypeSH

Market value$50.76M

2.57%

Sole

222.95K

Shared

0.00

None

342.55K

Conocophillips

SOLE

COM

Shares444.82K

TypeSH

Market value$46.72M

2.37%

Sole

186.65K

Shared

0.00

None

258.17K

iShares Core MSCI Emerging Markets ETF

SOLE

ETF

Shares845.01K

TypeSH

Market value$45.61M

2.31%

Sole

368.25K

Shared

0.00

None

476.75K

Wal-Mart Stores Inc

SOLE

ETF

Shares501.11K

TypeSH

Market value$43.99M

2.23%

Sole

188.37K

Shared

0.00

None

312.75K

Pepsico Incorporated

SOLE

COM

Shares287.72K

TypeSH

Market value$43.14M

2.19%

Sole

109.78K

Shared

0.00

None

177.93K

Comcast Corp New Cl A

SOLE

CL A

Shares1.12M

TypeSH

Market value$41.24M

2.09%

Sole

456.68K

Shared

0.00

None

660.84K

Duke Energy New

SOLE

COM

Shares324.09K

TypeSH

Market value$39.53M

2.00%

Sole

144.50K

Shared

0.00

None

179.59K

Union Pacific Corp

SOLE

COM

Shares153.78K

TypeSH

Market value$36.33M

1.84%

Sole

64.17K

Shared

0.00

None

89.61K

Mc Donalds Corp

SOLE

COM

Shares114.72K

TypeSH

Market value$35.84M

1.82%

Sole

48.65K

Shared

0.00

None

66.08K

Home Depot Inc

SOLE

COM

Shares92.86K

TypeSH

Market value$34.03M

1.72%

Sole

36.10K

Shared

0.00

None

56.75K

Williams Companies

SOLE

ETF

Shares429.49K

TypeSH

Market value$25.67M

1.30%

Sole

194.21K

Shared

0.00

None

235.29K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
IShares S&P 500 IndexSOLE	ETF	664.73K	SH	$373.51M 18.92%	604.14K	60.59K
iShares Core MSCI EAFESOLE	ETF	1.73M	SH	$130.50M 6.61%	977.93K	747.15K
Berkshire Hathaway Cl BSOLE	CL B	125.56K	SH	$66.87M 3.39%	45.87K	79.69K
iShares Russell Midcap ValueSOLE	ETF	513.17K	SH	$64.64M 3.27%	289.31K	223.86K
iShares Core S&P Total US Stock MktSOLE	ETF	527.68K	SH	$64.38M 3.26%	282.19K	245.49K
Raytheon Technologies OrdSOLE	COM	475.63K	SH	$63.00M 3.19%	190.06K	285.56K
Microsoft CorpSOLE	COM	163.71K	SH	$61.46M 3.11%	60.62K	103.09K
Mastercard IncSOLE	COM	110.59K	SH	$60.62M 3.07%	46.50K	64.09K
Apple Computer IncSOLE	COM	271.67K	SH	$60.35M 3.06%	98.86K	172.80K
Brookfield CorporationSOLE	COM	1.10M	SH	$57.43M 2.91%	428.95K	666.82K
Auto Data ProcessingSOLE	COM	186.06K	SH	$56.85M 2.88%	79.65K	106.41K
Alphabet Inc. Class CSOLE	CAP STK CL C	361.03K	SH	$56.40M 2.86%	139.77K	221.26K
Johnson & JohnsonSOLE	COM	338.12K	SH	$56.07M 2.84%	137.63K	200.49K
Progressive Corp OhioSOLE	COM	184.23K	SH	$52.14M 2.64%	70.14K	114.09K
Merck & Co IncSOLE	COM	565.49K	SH	$50.76M 2.57%	222.95K	342.55K
ConocophillipsSOLE	COM	444.82K	SH	$46.72M 2.37%	186.65K	258.17K
iShares Core MSCI Emerging Markets ETFSOLE	ETF	845.01K	SH	$45.61M 2.31%	368.25K	476.75K
Wal-Mart Stores IncSOLE	ETF	501.11K	SH	$43.99M 2.23%	188.37K	312.75K
Pepsico IncorporatedSOLE	COM	287.72K	SH	$43.14M 2.19%	109.78K	177.93K
Comcast Corp New Cl ASOLE	CL A	1.12M	SH	$41.24M 2.09%	456.68K	660.84K
Duke Energy NewSOLE	COM	324.09K	SH	$39.53M 2.00%	144.50K	179.59K
Union Pacific CorpSOLE	COM	153.78K	SH	$36.33M 1.84%	64.17K	89.61K
Mc Donalds CorpSOLE	COM	114.72K	SH	$35.84M 1.82%	48.65K	66.08K
Home Depot IncSOLE	COM	92.86K	SH	$34.03M 1.72%	36.10K	56.75K
Williams CompaniesSOLE	ETF	429.49K	SH	$25.67M 1.30%	194.21K	235.29K

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