HERITAGE WEALTH ADVISORS

Filed: 8/11/2025ACC: 0001591122-25-000007

📋 What this filing means

HERITAGE WEALTH ADVISORS filed this quarterly 13F‑HR report disclosing 590 equity positions with a total reported market value of $2.11B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

590

Positions

$2.11B

Total AUM (reported)

15.65M

Total Shares

Allocation by class

ETF$1.01B48.0%

COM$896.00M42.5%

CAP STK CL C$64.92M3.1%

CL B$60.96M2.9%

CL A$50.94M2.4%

COM UT LTD PTN$11.37M0.5%

CAP STK CL A$5.02M0.2%

Portfolio Concentration

Top 3$696.06M33.1%

4–10$449.77M21.4%

11–25$628.78M29.9%

Rest$331.17M15.7%

Top 3 weight

33.1%

Top 10 weight

54.4%

Voting Authority Distribution

Total shares with voting rights: 15.65M

Sole

Full voting authority

6.62M

% of voting shares42.3%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

9.04M

% of voting shares57.7%

Investment Discretion (by position count)

Sole590

Shared0

Other0

Dominant voting typeNone · 57.7% of voting shares

Institutional Holdings590

Rows:

IShares S&P 500 Index

SOLE

ETF

Shares657.13K

TypeSH

Market value$408.01M

19.38%

Sole

597.27K

Shared

0.00

None

59.86K

iShares Core MSCI EAFE

SOLE

ETF

Shares2.47M

TypeSH

Market value$206.26M

9.80%

Sole

1.41M

Shared

0.00

None

1.06M

Microsoft Corp

SOLE

COM

Shares164.41K

TypeSH

Market value$81.78M

3.88%

Sole

61.01K

Shared

0.00

None

103.40K

Raytheon Technologies Ord

SOLE

COM

Shares473.31K

TypeSH

Market value$69.11M

3.28%

Sole

190.18K

Shared

0.00

None

283.13K

iShares Russell Midcap Value

SOLE

ETF

Shares515.39K

TypeSH

Market value$68.10M

3.23%

Sole

290.48K

Shared

0.00

None

224.91K

Brookfield Corporation

SOLE

COM

Shares1.10M

TypeSH

Market value$67.89M

3.22%

Sole

431.69K

Shared

0.00

None

665.95K

Alphabet Inc. Class C

SOLE

CAP STK CL C

Shares366K

TypeSH

Market value$64.92M

3.08%

Sole

144.56K

Shared

0.00

None

221.44K

Mastercard Inc

SOLE

COM

Shares109.95K

TypeSH

Market value$61.79M

2.93%

Sole

46.28K

Shared

0.00

None

63.67K

Berkshire Hathaway Cl B

SOLE

CL B

Shares124.91K

TypeSH

Market value$60.68M

2.88%

Sole

45.95K

Shared

0.00

None

78.96K

Auto Data Processing

SOLE

COM

Shares185.74K

TypeSH

Market value$57.28M

2.72%

Sole

79.97K

Shared

0.00

None

105.77K

Apple Computer Inc

SOLE

COM

Shares271.98K

TypeSH

Market value$55.80M

2.65%

Sole

99.99K

Shared

0.00

None

171.99K

Johnson & Johnson

SOLE

COM

Shares336.61K

TypeSH

Market value$51.42M

2.44%

Sole

138.62K

Shared

0.00

None

197.99K

iShares Core MSCI Emerging Markets ETF

SOLE

ETF

Shares847.75K

TypeSH

Market value$50.89M

2.42%

Sole

371.55K

Shared

0.00

None

476.20K

Progressive Corp Ohio

SOLE

COM

Shares183.44K

TypeSH

Market value$48.95M

2.32%

Sole

70.42K

Shared

0.00

None

113.01K

Wal-Mart Stores Inc

SOLE

ETF

Shares493.54K

TypeSH

Market value$48.26M

2.29%

Sole

187.48K

Shared

0.00

None

306.06K

Merck & Co Inc

SOLE

COM

Shares589.40K

TypeSH

Market value$46.66M

2.22%

Sole

253.76K

Shared

0.00

None

335.64K

Comcast Corp New Cl A

SOLE

CL A

Shares1.26M

TypeSH

Market value$44.97M

2.14%

Sole

540.96K

Shared

0.00

None

719.06K

Conocophillips

SOLE

COM

Shares455.96K

TypeSH

Market value$40.92M

1.94%

Sole

189.97K

Shared

0.00

None

265.99K

Duke Energy New

SOLE

COM

Shares324.84K

TypeSH

Market value$38.33M

1.82%

Sole

144.64K

Shared

0.00

None

180.20K

Pepsico Incorporated

SOLE

COM

Shares282.76K

TypeSH

Market value$37.34M

1.77%

Sole

112.22K

Shared

0.00

None

170.55K

Union Pacific Corp

SOLE

COM

Shares154.75K

TypeSH

Market value$35.61M

1.69%

Sole

64.79K

Shared

0.00

None

89.96K

iShares Core S&P Total US Stock Mkt

SOLE

ETF

Shares258.33K

TypeSH

Market value$34.88M

1.66%

Sole

13.73K

Shared

0.00

None

244.60K

Home Depot Inc

SOLE

COM

Shares93.76K

TypeSH

Market value$34.38M

1.63%

Sole

36.68K

Shared

0.00

None

57.08K

Mc Donalds Corp

SOLE

COM

Shares114.96K

TypeSH

Market value$33.59M

1.60%

Sole

49.06K

Shared

0.00

None

65.90K

Williams Companies

SOLE

ETF

Shares426.51K

TypeSH

Market value$26.79M

1.27%

Sole

192.50K

Shared

0.00

None

234.01K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
IShares S&P 500 IndexSOLE	ETF	657.13K	SH	$408.01M 19.38%	597.27K	59.86K
iShares Core MSCI EAFESOLE	ETF	2.47M	SH	$206.26M 9.80%	1.41M	1.06M
Microsoft CorpSOLE	COM	164.41K	SH	$81.78M 3.88%	61.01K	103.40K
Raytheon Technologies OrdSOLE	COM	473.31K	SH	$69.11M 3.28%	190.18K	283.13K
iShares Russell Midcap ValueSOLE	ETF	515.39K	SH	$68.10M 3.23%	290.48K	224.91K
Brookfield CorporationSOLE	COM	1.10M	SH	$67.89M 3.22%	431.69K	665.95K
Alphabet Inc. Class CSOLE	CAP STK CL C	366K	SH	$64.92M 3.08%	144.56K	221.44K
Mastercard IncSOLE	COM	109.95K	SH	$61.79M 2.93%	46.28K	63.67K
Berkshire Hathaway Cl BSOLE	CL B	124.91K	SH	$60.68M 2.88%	45.95K	78.96K
Auto Data ProcessingSOLE	COM	185.74K	SH	$57.28M 2.72%	79.97K	105.77K
Apple Computer IncSOLE	COM	271.98K	SH	$55.80M 2.65%	99.99K	171.99K
Johnson & JohnsonSOLE	COM	336.61K	SH	$51.42M 2.44%	138.62K	197.99K
iShares Core MSCI Emerging Markets ETFSOLE	ETF	847.75K	SH	$50.89M 2.42%	371.55K	476.20K
Progressive Corp OhioSOLE	COM	183.44K	SH	$48.95M 2.32%	70.42K	113.01K
Wal-Mart Stores IncSOLE	ETF	493.54K	SH	$48.26M 2.29%	187.48K	306.06K
Merck & Co IncSOLE	COM	589.40K	SH	$46.66M 2.22%	253.76K	335.64K
Comcast Corp New Cl ASOLE	CL A	1.26M	SH	$44.97M 2.14%	540.96K	719.06K
ConocophillipsSOLE	COM	455.96K	SH	$40.92M 1.94%	189.97K	265.99K
Duke Energy NewSOLE	COM	324.84K	SH	$38.33M 1.82%	144.64K	180.20K
Pepsico IncorporatedSOLE	COM	282.76K	SH	$37.34M 1.77%	112.22K	170.55K
Union Pacific CorpSOLE	COM	154.75K	SH	$35.61M 1.69%	64.79K	89.96K
iShares Core S&P Total US Stock MktSOLE	ETF	258.33K	SH	$34.88M 1.66%	13.73K	244.60K
Home Depot IncSOLE	COM	93.76K	SH	$34.38M 1.63%	36.68K	57.08K
Mc Donalds CorpSOLE	COM	114.96K	SH	$33.59M 1.60%	49.06K	65.90K
Williams CompaniesSOLE	ETF	426.51K	SH	$26.79M 1.27%	192.50K	234.01K

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