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Livermore
Livermore
ZHEN

Heritage Wealth Advisors

SEC CIK
0001591122
Latest filing
Aug 14, 2026

The latest 13F from Heritage Wealth Advisors covers Q2 2026 (filed Aug 14, 2026): 702 long positions worth $2.91B. The top 10 holdings make up 67.2% of the portfolio, and the largest is iShares Core S&P 500 ETF at 19.3%. Livermore has 32 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
67
Est. +$10.5M
Added
119
Est. +$162.5M
Reduced
113
Est. −$37.1M
Sold out
56
Est. −$8.16M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    19.3%$563.2M
  2. Invesco S&P 500 Quality ETF46137V241
    15.4%$448.6M
  3. iShares Core MSCI Eafe ETF46432F842
    11.7%$342.3M
  4. PHYSSprott Physical Gold Trust
    4.9%$142.0MHistory
  5. iShares Core MSCI Emerging Markets ETF46434G103
    3.3%$96.1M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Core S&P 500 ETF464287200
    +$55.4MAdded
  2. iShares Core MSCI Eafe ETF46432F842
    +$44.2MAdded
  3. Invesco S&P 500 Quality ETF46137V241
    +$26.1MAdded
  4. iShares Core MSCI Emerging Markets ETF46434G103
    +$13.0MAdded
  5. MSFTMicrosoft Corp
    +$8.46MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. iShares Core S&P 500 ETF464287200
    +2.03 pp17.3% → 19.3%
  2. Invesco S&P 500 Quality ETF46137V241
    +1.62 pp13.8% → 15.4%
  3. iShares Core MSCI Eafe ETF46432F842
    +0.83 pp10.9% → 11.7%
  4. iShares Core MSCI Emerging Markets ETF46434G103
    +0.56 pp2.7% → 3.3%
  5. XOMExxonMobil Holdings Corp
    +0.15 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. XOMExxonMobil Holdings Corp
    −$5.41MSold outHistory
  2. MRKMerck & Co., Inc.
    −$3.98MReducedHistory
  3. GOOGAlphabet Inc.
    −$2.72MReducedHistory
  4. PHYSSprott Physical Gold Trust
    −$2.65MReducedHistory
  5. iShares Tr464287150
    −$2.25MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. PHYSSprott Physical Gold Trust
    −1.76 pp6.6% → 4.9%History
  2. COPConocoPhillips
    −0.67 pp2.0% → 1.4%History
  3. WMTWalmart Inc.
    −0.39 pp1.9% → 1.5%History
  4. RTXRTX Corp
    −0.38 pp2.4% → 2.0%History
  5. MCDMcDonalds Corp
    −0.30 pp1.2% → 0.9%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.91B
+$354.0M (+13.8%) vs. prior quarter
Positions
702
+11 vs. prior quarter
Top 10 concentration
67.2%
Top 10 as share of value
Turnover
1.7%
Q2 2026, one quarter
Average holding period
17.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.91B (Q2 2026)

Q1 2021: $1.66BQ2 2021: $1.62BQ3 2021: $1.63BQ4 2021: $1.82BQ1 2022: $1.81BQ2 2022: $1.44BQ3 2022: $1.38BQ4 2022: $1.73BQ1 2023: $1.80BQ2 2023: $1.89BQ3 2023: $1.83BQ4 2023: $2.01BQ1 2024: $2.19BQ2 2024: $2.22BQ3 2024: $2.13BQ4 2024: $2.02BQ1 2025: $1.97BQ2 2025: $2.11BQ3 2025: $2.28BQ4 2025: $2.62BQ1 2026: $2.56BQ2 2026: $2.91B
Q1 2021Q2 2026
13F filings of Heritage Wealth Advisors by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026702$2.91BiShares Core S&P 500 ETFInvesco S&P 500 Quality ETFiShares Core MSCI Eafe ETFvs. Q1 2026SEC
Q1 2026May 14, 2026691$2.56BiShares Core S&P 500 ETFInvesco S&P 500 Quality ETFiShares Core MSCI Eafe ETFvs. Q4 2025SEC
Q4 2025Feb 13, 2026608$2.62BiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFPHYSvs. Q3 2025SEC
Q3 2025Nov 13, 2025599$2.28BiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFGOOGvs. Q2 2025SEC
Q2 2025Aug 11, 2025589$2.11BiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFMSFTvs. Q1 2025SEC
Q1 2025May 8, 2025592$1.97BiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFBRK.Bvs. Q4 2024SEC
Q4 2024Feb 12, 2025638$2.02BiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFMSFTvs. Q3 2024SEC
Q3 2024Nov 12, 2024635$2.13BiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFMSFTvs. Q2 2024SEC
Q2 2024Dec 12, 2024Amended530$2.22BiShares Core S&P 500 ETFVanguard Malvern FDSiShares Core MSCI Eafe ETFvs. Q1 2024SEC
Q1 2024Dec 12, 2024Amended556$2.19BiShares Core S&P 500 ETFVanguard Malvern FDSiShares Core MSCI Eafe ETFvs. Q4 2023SEC
Q4 2023Dec 12, 2024Amended574$2.01BiShares Core S&P 500 ETFVanguard Malvern FDSiShares Core MSCI Eafe ETFvs. Q3 2023SEC
Q3 2023Dec 12, 2024Amended536$1.83BiShares Core S&P 500 ETFVanguard Malvern FDSiShares Core MSCI Eafe ETFvs. Q2 2023SEC
Q2 2023Dec 12, 2024Amended574$1.89BiShares Core S&P 500 ETFVanguard Malvern FDSiShares Core MSCI Eafe ETFvs. Q1 2023SEC
Q1 2023May 4, 2023584$1.80BiShares Core S&P 500 ETFVanguard Malvern FDSiShares Core MSCI Eafe ETFvs. Q4 2022SEC
Q4 2022Dec 12, 2024Amended573$1.73BiShares Core S&P 500 ETFVanguard Malvern FDSiShares Core MSCI Eafe ETFvs. Q3 2022SEC
Q3 2022Dec 12, 2024Amended542$1.38BiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Trvs. Q2 2022SEC
Q2 2022Aug 4, 2022586$1.44BiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Trvs. Q1 2022SEC
Q1 2022May 11, 2022556$1.81BiShares Core S&P 500 ETFiShares Core MSCI Eafe ETFiShares Trvs. Q4 2021SEC
Q4 2021Mar 28, 2022Amended560$1.82BiShares Core S&P 500 ETFiShares Russell 2000 ETFiShares Trvs. Q3 2021SEC
Q3 2021Nov 2, 2021541$1.63BiShares Core S&P 500 ETFiShares Russell 2000 ETFiShares Trvs. Q2 2021SEC
Q2 2021Aug 9, 2021Amended572$1.62BiShares Core S&P 500 ETFiShares Russell 2000 ETFiShares Trvs. Q1 2021SEC
Q1 2021Apr 27, 2021573$1.66BiShares Core S&P 500 ETFiShares Russell 2000 ETFiShares Tr–SEC