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Livermore
Livermore
ZHEN

Heritage Wealth Partners, LLC

SEC CIK
0001963794
Latest filing
May 14, 2025

The latest 13F from Heritage Wealth Partners, LLC covers Q1 2025 (filed May 14, 2025): 65 long positions worth $65.6M. The top 10 holdings make up 57.4% of the portfolio, and the largest is SPDR Gold Trust (GLD) at 12.2%. Livermore has 10 filings on Form 13F from this institution, going back to Q4 2022.

What changed in Q1 2025

Share counts compared with Q4 2024: 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
11
Est. +$8.14M
Added
14
Est. +$7.94M
Reduced
36
Est. −$15.4M
Sold out
13
Est. −$10.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. GLDSPDR Gold Trust
    12.2%$7.99MHistory
  2. iShares Core S&P 500 ETF464287200
    9.1%$5.94M
  3. BRK.BBerkshire Hathaway Inc
    7.1%$4.66MHistory
  4. Invesco QQQ Trust Series I46090E103
    6.0%$3.91M
  5. NVDANVIDIA Corp
    4.7%$3.10MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. GLDSPDR Gold Trust
    +$5.78MAddedHistory
  2. Innovator ETFs Trust45782C870
    +$2.64MNew
  3. BRK.BBerkshire Hathaway Inc
    +$1.57MAddedHistory
  4. METAMeta Platforms, Inc.
    +$1.33MNewHistory
  5. Schwab US Aggregate Bond ETF808524839
    +$1.28MNew

Largest weight increases

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

  1. GLDSPDR Gold Trust
    +9.86 pp2.3% → 12.2%History
  2. Innovator ETFs Trust45782C870
    +4.03 pp0.0% → 4.0%
  3. BRK.BBerkshire Hathaway Inc
    +3.80 pp3.3% → 7.1%History
  4. METAMeta Platforms, Inc.
    +2.03 pp0.0% → 2.0%History
  5. Schwab US Aggregate Bond ETF808524839
    +1.95 pp0.0% → 2.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P 500 ETF464287200
    −$2.87MReduced
  2. Invesco Nasdaq 100 ETF46138G649
    −$2.75MReduced
  3. Vanguard Morningstar Small-Cap ETF922908751
    −$2.25MSold out
  4. Innovator ETFs Trust45782C540
    −$2.05MSold out
  5. Meta Platforms Inc Com030303M10
    −$1.99MSold out

Largest weight decreases

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

  1. Invesco Nasdaq 100 ETF46138G649
    −3.62 pp5.0% → 1.4%
  2. Vanguard Morningstar Small-Cap ETF922908751
    −2.82 pp2.8% → 0.0%
  3. Innovator ETFs Trust45782C540
    −2.58 pp2.6% → 0.0%
  4. iShares Core S&P 500 ETF464287200
    −2.53 pp11.6% → 9.1%
  5. Meta Platforms Inc Com030303M10
    −2.49 pp2.5% → 0.0%

Metrics

13F metrics for Q1 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$65.6M
−$14.1M (−17.7%) vs. prior quarter
Positions
65
−2 vs. prior quarter
Top 10 concentration
57.4%
Top 10 as share of value
Turnover
22.1%
Q1 2025, one quarter
Average holding period
7.0 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 (Q4 2022), so positions held before then are understated.

13F filings by quarter

10 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $169.8M (Q2 2023)

Q4 2022: $109.0MQ1 2023: $126.3MQ2 2023: $169.8MQ3 2023: $46.9MQ4 2023: $49.0MQ1 2024: $49.0MQ2 2024: $69.0MQ3 2024: $85.0MQ4 2024: $79.7MQ1 2025: $65.6M
Q4 2022Q1 2025
13F filings of Heritage Wealth Partners, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2025May 14, 202565$65.6MGLDiShares Core S&P 500 ETFBRK.Bvs. Q4 2024SEC
Q4 2024Jan 13, 202567$79.7MiShares Core S&P 500 ETFInvesco QQQ Trust Series INVDAvs. Q3 2024SEC
Q3 2024Oct 9, 202467$85.0MiShares Core S&P 500 ETFPIMCO ETF TrInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Jul 5, 202458$69.0MiShares Core S&P 500 ETFInvesco QQQ Trust Series IDIAvs. Q1 2024SEC
Q1 2024Apr 25, 202444$49.0MiShares Core S&P 500 ETFInvesco QQQ Trust Series IAAPLvs. Q4 2023SEC
Q4 2023Jan 19, 202444$49.0MiShares Core S&P 500 ETFInvesco QQQ Trust Series IAAPLvs. Q3 2023SEC
Q3 2023Oct 18, 202339$46.9MiShares Core S&P 500 ETFInvesco QQQ Trust Series IAAPLvs. Q2 2023SEC
Q2 2023Aug 11, 202369$169.8MUnited States Treasury Bills BilliShares Core S&P 500 ETFUnited States Treasury Bills Billvs. Q1 2023SEC
Q1 2023May 4, 202330$126.3MUnited States Treasury Bills BillUnited States Treasury Bills BillUnited States Treasury Bills Billvs. Q4 2022SEC
Q4 2022Feb 10, 202350$109.0MiShares Core S&P 500 ETFUnited States Treasury Bills BillUnited States Treasury Bills Bill–SEC