Institutional Manager · CIK 0001591122

Heritage Wealth Advisors

RICHMOND, VA · File #028-15751

Latest AUM

$2.62B

Positions

609

Top-10 Concentration

59.1%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
NEW	Sprott Physical Gold Trust Unit	SII	+5,138,572	+$169.7M	$0
ADD	iShares Core MSCI EAFE	46432F842	+295,418	+$26.4M	+$5.5M
ADD	Brookfield Corporation	11271J107	+523,323	+$24.0M	-$24.8M
ADD	Amazon Com Inc	AMZN	+40,760	+$9.4M	+$2.6M
ADD	Microsoft Corp	MSFT	+15,086	+$7.3M	-$5.7M
ADD	Auto Data Processing	ADP	+20,456	+$5.3M	-$6.9M
REDUCE	Alphabet Inc. Class C	GOOG	-16,714	-$5.2M	+$25.7M
ADD	Amphenol Corp Cl A	032095101	+38,575	+$5.2M	+$36,322
ADD	Mastercard Inc	MA	+8,607	+$4.9M	+$227,384
ADD	IShares S&P 500 Index	464287200	+6,811	+$4.7M	+$10.3M

Sector Allocation

10.4%$273.2M

9.2%$242.2M

5.6%$146.3M

5.2%$136.6M

Consumer Discretionary

5.2%$135.3M

Consumer Staples

2.5%$65.3M

Energy

2.0%$51.7M

Communication Services

0.1%$2.7M

Materials

0.1%$2.4M

Utilities

0.1%$1.7M

Real Estate

0.1%$1.5M

Filing History

Feb 13, 202613F HOLDINGS REPORTQ/E Dec 2025609 pos · $2.62B
Nov 13, 202513F HOLDINGS REPORTQ/E Sep 2025600 pos · $2.28B
Aug 11, 202513F HOLDINGS REPORTQ/E Jun 2025590 pos · $2.11B
May 8, 202513F HOLDINGS REPORTQ/E Mar 2025593 pos · $1.97B
Feb 12, 202513F HOLDINGS REPORTQ/E Dec 2024639 pos · $2.02B
Dec 12, 202413F HOLDINGS REPORT (Amended)Q/E Dec 2024542 pos · $1.38B
Dec 12, 202413F HOLDINGS REPORT (Amended)Q/E Dec 2024576 pos · $2.01B
Dec 12, 202413F HOLDINGS REPORT (Amended)Q/E Dec 2024574 pos · $1.89B
Dec 12, 202413F HOLDINGS REPORT (Amended)Q/E Dec 2024573 pos · $1.73B
Dec 12, 202413F HOLDINGS REPORT (Amended)Q/E Dec 2024531 pos · $2.22B
Dec 12, 202413F HOLDINGS REPORT (Amended)Q/E Dec 2024536 pos · $1.83B
Dec 12, 202413F HOLDINGS REPORT (Amended)Q/E Dec 2024531 pos · $2.22B
Dec 12, 202413F HOLDINGS REPORT (Amended)Q/E Dec 2024556 pos · $2.19B
Nov 12, 202413F HOLDINGS REPORTQ/E Sep 2024636 pos · $2.13B
Aug 6, 202413F HOLDINGS REPORTQ/E Jun 2024531 pos · $2.22B
May 8, 202413F HOLDINGS REPORTQ/E Mar 2024551 pos · $2.18B
Nov 9, 202313F HOLDINGS REPORTQ/E Dec 2023536 pos · $1.83B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	IShares S&P 500 Index	464287200	662,356	$453.7M	18.47%
2	iShares Core MSCI EAFE	46432F842	2,858,755	$255.7M	10.41%
3	Sprott Physical Gold Trust Unit	SII	5,138,572	$169.7M	6.91%
4	Alphabet Inc. Class C	GOOG	348,675	$109.4M	4.45%
5	Microsoft Corp	MSFT	181,016	$87.5M	3.56%
6	Raytheon Technologies Ord	RTX	451,381	$82.8M	3.37%
7	iShares Russell Midcap Value	464287473	539,682	$76.1M	3.10%
8	Apple Computer Inc	AAPL	272,807	$74.2M	3.02%
9	Brookfield Corporation	11271J107	1,615,356	$74.1M	3.02%
10	Johnson & Johnson	JNJ	335,135	$69.4M	2.82%
11	Mastercard Inc	MA	118,584	$67.7M	2.76%
12	Merck & Co Inc	MRK	610,573	$64.3M	2.62%
13	Berkshire Hathaway Cl B	BRK-A	125,066	$62.8M	2.56%
14	Amazon Com Inc	AMZN	267,515	$61.7M	2.51%
15	iShares Core MSCI Emerging Markets ETF	46434G103	896,439	$60.3M	2.45%
16	Wal-Mart Stores Inc	WMT	487,266	$54.3M	2.21%
17	Auto Data Processing	ADP	209,836	$54.0M	2.20%
18	Jpmorgan Chase & Co	VYLD	151,264	$48.7M	1.98%
19	Conocophillips	COP	490,606	$45.9M	1.87%
20	Progressive Corp Ohio	743315103	190,238	$43.3M	1.76%