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Livermore
Livermore
ZHEN

Heritage Wealth Management, Inc.

SEC CIK
0002012170
Latest filing
Jul 22, 2026

The latest 13F from Heritage Wealth Management, Inc. covers Q2 2026 (filed Jul 22, 2026): 98 long positions worth $200.7M. The top 10 holdings make up 47.6% of the portfolio, and the largest is American Centy ETF Tr at 10.4%. Livermore has 11 filings on Form 13F from this institution, going back to Q4 2023.

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
9
Est. +$2.26M
Added
58
Est. +$7.81M
Reduced
21
Est. −$2.99M
Sold out
4
Est. −$1.13M

Top 5 holdings

Share of this quarter's portfolio value

  1. American Centy ETF Tr025072349
    10.4%$20.8M
  2. Vanguard Scottsdale FDS92206C102
    6.8%$13.6M
  3. Schwab U.S. Large-Cap Growth ETF808524300
    6.6%$13.2M
  4. iShares Tr46436E718
    6.3%$12.6M
  5. AAPLApple Inc.
    3.9%$7.91MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Mun BD FDS922907746
    +$1.65MAdded
  2. iShares Tr464288356
    +$519.0KAdded
  3. AMATApplied Materials Inc
    +$443.2KNewHistory
  4. Dimensional ETF Trust25434V849
    +$368.2KAdded
  5. Vanguard Total Bond Market ETF921937835
    +$339.3KAdded

Largest weight increases

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

  1. INTCIntel Corp
    +0.77 pp0.4% → 1.2%History
  2. Vanguard Mun BD FDS922907746
    +0.75 pp0.8% → 1.5%
  3. Schwab U.S. Large-Cap Growth ETF808524300
    +0.40 pp6.2% → 6.6%
  4. AVGOBroadcom Inc.
    +0.25 pp2.6% → 2.8%History
  5. American Centy ETF Tr025072349
    +0.23 pp10.1% → 10.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr46436E718
    −$2.06MReduced
  2. RBB FD Inc74933W452
    −$498.6KSold out
  3. QCOMQualcomm Inc
    −$372.5KReducedHistory
  4. NFLXNetflix Inc
    −$224.9KSold outHistory
  5. SRESempra
    −$205.1KSold outHistory

Largest weight decreases

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

  1. iShares Tr46436E718
    −1.90 pp8.2% → 6.3%
  2. RBB FD Inc74933W452
    −0.28 pp0.3% → 0.0%
  3. Schwab Strategic Tr808524862
    −0.24 pp1.7% → 1.5%
  4. iShares Tr464287457
    −0.16 pp1.5% → 1.3%
  5. NFLXNetflix Inc
    −0.13 pp0.1% → 0.0%History

Metrics

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

Portfolio value
$200.7M
+$21.4M (+12.0%) vs. prior quarter
Positions
98
+5 vs. prior quarter
Top 10 concentration
47.6%
Top 10 as share of value
Turnover
2.2%
Q2 2026, one quarter
Average holding period
9.6 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 2023), so positions held before then are understated.

13F filings by quarter

11 quarters, going back to Q4 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $200.7M (Q2 2026)

Q4 2023: $92.8MQ1 2024: $100.7MQ2 2024: $103.7MQ3 2024: $110.8MQ4 2024: $117.1MQ1 2025: $117.1MQ2 2025: $131.9MQ3 2025: $146.5MQ4 2025: $154.4MQ1 2026: $179.2MQ2 2026: $200.7M
Q4 2023Q2 2026
13F filings of Heritage Wealth Management, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 202698$200.7MAmerican Centy ETF TrVanguard Scottsdale FDSSchwab U.S. Large-Cap Growth ETFvs. Q1 2026SEC
Q1 2026May 11, 202693$179.2MAmerican Centy ETF TriShares TrVanguard Scottsdale FDSvs. Q4 2025SEC
Q4 2025Feb 4, 202689$154.4MAmerican Centy ETF TrSchwab U.S. Large-Cap Growth ETFVanguard Scottsdale FDSvs. Q3 2025SEC
Q3 2025Nov 5, 202590$146.5MAmerican Centy ETF TrSchwab U.S. Large-Cap Growth ETFAAPLvs. Q2 2025SEC
Q2 2025Jul 28, 202585$131.9MAmerican Centy ETF TrSchwab U.S. Large-Cap Growth ETFVanguard Scottsdale FDSvs. Q1 2025SEC
Q1 2025Apr 30, 202583$117.1MAmerican Centy ETF TrSchwab U.S. Large-Cap Growth ETFAAPLvs. Q4 2024SEC
Q4 2024Feb 11, 202589$117.1MAmerican Centy ETF TrSchwab U.S. Large-Cap Growth ETFAAPLvs. Q3 2024SEC
Q3 2024Oct 18, 202489$110.8MAmerican Centy ETF TrSchwab U.S. Large-Cap Growth ETFVanguard Scottsdale FDSvs. Q2 2024SEC
Q2 2024Jul 25, 202483$103.7MAmerican Centy ETF TrSchwab U.S. Large-Cap Growth ETFVanguard Scottsdale FDSvs. Q1 2024SEC
Q1 2024May 6, 202485$100.7MAmerican Centy ETF TrSchwab U.S. Large-Cap Growth ETFDimensional U.S. Core Equity 2 ETFvs. Q4 2023SEC
Q4 2023Feb 14, 202481$92.8MAmerican Centy ETF TrSchwab U.S. Large-Cap Growth ETFDimensional U.S. Core Equity 2 ETF–SEC