Institutional Manager · CIK 0001752035

Heritage Financial Services, LLC

Westwood, MA · File #028-22567

Latest AUM

$1.20B

Positions

126

Top-10 Concentration

91.4%

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
ADD	VANGUARD SCOTTSDALE FDS	92206C706	+793,311	+$47.5M	-$440,927
ADD	J P MORGAN EXCHANGE TRADED F	46641Q159	+543,246	+$25.1M	-$276,639
ADD	ISHARES TR	464288521	+89,348	+$5.1M	-$1.4M
ADD	ISHARES TR	46435G326	+56,256	+$4.6M	+$7.4M
REDUCE	DIMENSIONAL ETF TRUST	25434V708	-100,620	-$4.0M	+$4.7M
REDUCE	NVIDIA CORPORATION	NVDA	-16,872	-$3.1M	-$3,270
ADD	AMERICAN CENTY ETF TR	025072877	+16,007	+$1.6M	+$440,930
REDUCE	DIMENSIONAL ETF TRUST	25434V732	-49,235	-$1.6M	+$1.8M
REDUCE	ISHARES TR	464287150	-9,210	-$1.4M	+$399,372
ADD	DIMENSIONAL ETF TRUST	25434V716	+26,056	+$1.1M	+$323,611

Sector Allocation

Technology

1.9%$22.8M

Healthcare

0.5%$5.9M

Financials

0.4%$4.4M

Consumer Discretionary

0.3%$3.0M

Energy

0.2%$2.3M

Consumer Staples

0.1%$1.8M

Industrials

0.1%$1.5M

Communication Services

0.1%$695,802

Utilities

0.1%$623,476

Filing History

Feb 2, 202613F HOLDINGS REPORTQ/E Dec 2025126 pos · $1.20B
Oct 30, 202513F HOLDINGS REPORTQ/E Sep 2025134 pos · $1.11B
Jul 18, 202513F HOLDINGS REPORTQ/E Jun 2025125 pos · $1.04B
May 14, 202513F HOLDINGS REPORTQ/E Mar 2025120 pos · $1.01B
Jan 23, 202513F HOLDINGS REPORTQ/E Dec 2024117 pos · $753.0M
Oct 23, 202413F HOLDINGS REPORTQ/E Sep 2024110 pos · $752.1M
Jul 23, 202413F HOLDINGS REPORTQ/E Jun 2024105 pos · $697.1M
May 14, 202413F HOLDINGS REPORTQ/E Mar 2024104 pos · $672.1M
Oct 19, 202313F HOLDINGS REPORTQ/E Dec 202379 pos · $512.2M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD SCOTTSDALE FDS	92206C706	5,202,760	$311.8M	26.70%
2	ISHARES TR	46435G326	3,278,313	$270.4M	23.16%
3	DIMENSIONAL ETF TRUST	25434V708	4,520,404	$179.0M	15.33%
4	J P MORGAN EXCHANGE TRADED F	46641Q159	2,848,628	$131.9M	11.29%
5	DIMENSIONAL ETF TRUST	25434V732	1,741,258	$57.6M	4.93%
6	ISHARES TR	464288521	867,698	$49.4M	4.23%
7	AMERICAN CENTY ETF TR	025072877	195,964	$20.0M	1.71%
8	ISHARES TR	464287150	122,164	$18.2M	1.56%
9	DIMENSIONAL ETF TRUST	25434V716	364,066	$15.8M	1.35%
10	J P MORGAN EXCHANGE TRADED F	46641Q837	255,596	$12.9M	1.11%
11	APPLE INC	AAPL	39,019	$10.6M	0.91%
12	ISHARES TR	464287226	83,382	$8.3M	0.71%
13	DIMENSIONAL ETF TRUST	25434V690	178,466	$7.6M	0.65%
14	DIMENSIONAL ETF TRUST	25434V203	133,568	$5.1M	0.44%
15	NVIDIA CORPORATION	NVDA	24,012	$4.5M	0.38%
16	MICROSOFT CORP	MSFT	8,267	$4.0M	0.34%
17	VANGUARD INDEX FDS	922908769	11,466	$3.8M	0.33%
18	ISHARES INC	46434G103	49,274	$3.3M	0.28%
19	DIMENSIONAL ETF TRUST	25434V302	98,200	$3.2M	0.27%
20	DIMENSIONAL ETF TRUST	25434V740	82,590	$2.8M	0.24%