HW
Heritage Wealth Management, Inc./Texas — 13F Portfolio Report & Top Holdings (Q2 2026)
Heritage Wealth Management, Inc./TexasCIK: 0001966400
Momentum followerSector-focusedLong-term holder
Total reported value
$259.7M
Reporting period: 2026-06-30 · Number of holdings: 44
Heritage Wealth Management, Inc./Texas disclosed 44 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $259.7M and a quarterly turnover rate of 11.0%.
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Personality snowflake
- Concentration
- 55.39
- Portfolio Stability
- 10.99
- Momentum
- 100
- Sector conviction
- 88.83
- Diversification
- 88
- Sizing Uniformity
- 77.17
Heritage Wealth Management, Inc./Texas's disclosed holdings carry a Herfindahl concentration index of 0.138 — mathematically equivalent to about 7 equally-sized positions, well below its 44 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.28), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 3% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd DFUS
-0.5% $9.5M
Trim DFAI
-0.3% $1.4M
Add DFAS
-1.8% $4.2M
Trim MUB
+2.1% $356.2K
New buy PFE
Add DUHP
+1.5% $1.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DFUS | Dimensional US Eq Mkt ETF | ETF-Other | 28.07% | +0.96% | -0.55% | |
| 2 | DFUV | Dimensional US Marketwide Va | ETF-Other | 14.14% | -0.11% | -2.96% | |
| 3 | DFAS | Dimensional US Small Cap ETF | ETF-Small Cap | 13.52% | +0.32% | -1.76% | |
| 4 | DFAI | Dimensional International Co | ETF-Other | 9.86% | -0.51% | -0.27% | |
| 5 | DUHP | Dimensional US High Profi Et | ETF-Other | 5.56% | +0.20% | +1.48% | |
| 6 | DFCF | Dimensional Core Fixed Inc | ETF-Other | 5.44% | -0.18% | +7.51% | |
| 7 | MUB | Ishares National Muni Bond E | ETF-Other | 4.03% | -0.29% | +2.11% | |
| 8 | VNQ | Vanguard Real Estate ETF | ETF-Other | 3.55% | -0.04% | +0.99% | |
| 9 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 3.46% | -0.14% | +6.48% | |
| 10 | DFAE | Dimensional Emerging Core Eq | ETF-Emerging Markets | 3.08% | -0.06% | -8.37% | |
| 11 | DFAX | Dimensional World Ex US Core | ETF-Other | 1.57% | -0.12% | -4.80% | |
| 12 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.98% | — | -6.85% | |
| 13 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.84% | -0.08% | -11.32% | |
| 14 | DFIV | Dimensional International Va | ETF-Other | 0.63% | -0.06% | -0.77% | |
| 15 | AAPL | Apple Inc | Stock-Tech | 0.61% | +0.13% | +22.59% | |
| 16 | TRGP | Targa Resources CORP | Stock-Energy | 0.50% | -0.01% | — | |
| 17 | XOM | Exxon Mobil CORP | Stock-Energy | 0.48% | -0.15% | +5.21% | |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.34% | -0.03% | — | |
| 19 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.28% | — | -3.31% | |
| 20 | PFE | Pfizer Inc | Stock-Healthcare | 0.22% | +0.22% | NEW | |
| 21 | AVGO | Broadcom Inc | Stock-Tech | 0.21% | +0.02% | — | |
| 22 | DLN | Wisdomtree US Largecap Divid | ETF-Other | 0.20% | — | +0.02% | |
| 23 | CVX | Chevron CORP | Stock-Energy | 0.17% | -0.10% | -13.07% | |
| 24 | MSFT | Microsoft CORP | Stock-Tech | 0.17% | -0.01% | — | |
| 25 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.16% | — | -2.29% | |
| 26 | SPGI | S&p Global Inc | Stock-Financials | 0.15% | -0.02% | — | |
| 27 | SLB | Slb LTD | Stock-Energy | 0.15% | -0.03% | +0.09% | |
| 28 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.13% | — | +0.03% | |
| 29 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.12% | — | -2.83% | |
| 30 | IUSV | Ishares Core S&p U.s. Value | ETF-Other | 0.12% | -0.02% | -10.24% | |
| 31 | SOXL | Direx Dail Semi Bu 3x Et-usd | ETF-Other | 0.11% | +0.11% | NEW | |
| 32 | MEAR | Ishrs Short Mat Muni Act ETF | ETF-Other | 0.11% | -0.01% | — | |
| 33 | ABBV | Abbvie Inc | Stock-Healthcare | 0.11% | +0.01% | +0.27% | |
| 34 | DFAR | Dimensional US Real Est ETF | ETF-Other | 0.10% | — | +0.72% | |
| 35 | DFAU | Dimensional US Core Equity M | ETF-Other | 0.10% | — | -1.39% | |
| 36 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.10% | — | +0.10% | |
| 37 | DGRO | Ishares Core Dividend Growth | ETF-Other | 0.10% | — | -6.00% | |
| 38 | VB | Vanguard Small-cap ETF | ETF-Other | 0.09% | +0.01% | — | |
| 39 | DFSV | Dimensional US Small Cap Val | ETF-Small Cap | 0.09% | — | +0.07% | |
| 40 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.09% | — | — | |
| 41 | VPL | Vanguard Ftse Pacific ETF | ETF-Other | 0.08% | +0.08% | NEW | |
| 42 | SO | Southern Co/the | Stock-Utilities | 0.08% | -0.01% | — | |
| 43 | PSKY | Paramount Skydance Cl B | Stock-Comm Services | 0.06% | +0.06% | NEW | |
| 44 | BDJ | Blackrock Enhanced Eqty Dvd | Stock-Other | 0.05% | — | +1.35% |
Portfolio Performance
Performance for Q3 2026
+3.3%
Performance Last 4 Quarters
+20.3%
- Stdev
- +11.9%
- Beta
- +0.83
- Alpha
- 0%
- Max Drawdown
- -7.7%
- Annualized Perf
- +17.2%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.7
- Stutzer
- +0.41
- Treynor
- +0.2
- Sterling
- +1.11
- Calmar
- +2.22
- Information Ratio
- -0.61
- Tracking Error
- +5.5%
- Stdev Down
- +6.2%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +30.7%
- Worst 12 Months
- +5.1%
- Efficiency Ratio
- +0.55
- Sharpe
- +1.4
- Stdev Sectors
- +14.7%
- Skewness
- -0.15
- Kurtosis
- -0.51
- Upside Potential
- +4.33
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 44 | $259.7M | 11 | ||
| 2026 Q1 | 41 | $234.0M | 5 | ||
| 2025 Q4 | 38 | $230.4M | 5 | ||
| 2025 Q3 | 39 | $226.8M | 30 | ||
| 2025 Q2 | 35 | $201.3M | 0 | ||
| 2025 Q1 | 35 | $172.6M | 0 | ||
| 2024 Q4 | 31 | $169.9M | 0 | ||
| 2024 Q3 | 39 | $172.5M | 0 | ||
| 2024 Q2 | 38 | $160.5M | 0 | ||
| 2024 Q1 | 36 | $154.0M | 0 | ||
| 2023 Q4 | 35 | $142.0M | 0 | ||
| 2023 Q3 | 26 | $110.2M | 0 | ||
| 2023 Q2 | 25 | $113.0M | 0 | ||
| 2023 Q1 | 24 | $103.9M | 0 | ||
| 2022 Q4 | 27 | $98.6M | 0 |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
Heritage Wealth Management, Inc./Texas's most significant position changes for 2026-06-30: New buy: Pfizer Inc (PFE); New buy: Direx Dail Semi Bu 3x Et-usd (SOXL); New buy: Vanguard Ftse Pacific ETF (VPL); Sold out: At&t Inc (T); New buy: Paramount Skydance Cl B (PSKY).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DFUS | Dimensional US Eq Mkt ETF | +1% | -0.55% | Trim |
| 2 | DFAS | Dimensional US Small Cap ETF | +0.3% | -1.76% | Trim |
| 3 | PFE | Pfizer Inc | +0.2% | NEW | New buy |
| 4 | DUHP | Dimensional US High Profi Et | +0.2% | +1.48% | Add |
| 5 | AAPL | Apple Inc | +0.1% | +22.59% | Add |
| 6 | SOXL | Direx Dail Semi Bu 3x Et-usd | +0.1% | NEW | New buy |
| 7 | VPL | Vanguard Ftse Pacific ETF | +0.1% | NEW | New buy |
| 8 | PSKY | Paramount Skydance Cl B | +0.1% | NEW | New buy |
| 9 | AVGO | Broadcom Inc | 0% | — | Unchanged |
| 10 | ABBV | Abbvie Inc | 0% | +0.27% | Add |
| 11 | VB | Vanguard Small-cap ETF | 0% | — | Unchanged |
| 12 | IJR | Ishares Core S&p Small-cap E | — | -6.85% | Trim |
| 13 | IVV | Ishares Core S&p 500 ETF | — | -3.31% | Trim |
| 14 | DLN | Wisdomtree US Largecap Divid | — | +0.02% | Add |
| 15 | VTI | Vanguard Total Stock Mkt ETF | — | -2.83% | Trim |
| 16 | JPM | Jpmorgan Chase & Co | — | -2.29% | Trim |
| 17 | DFAU | Dimensional US Core Equity M | — | -1.39% | Trim |
| 18 | DFAR | Dimensional US Real Est ETF | — | +0.72% | Add |
| 19 | DFSV | Dimensional US Small Cap Val | — | +0.07% | Add |
| 20 | IEFA | Ishares Core Msci Eafe ETF | — | +0.03% | Add |
| 21 | VIG | Vanguard Dividend Apprec ETF | — | — | Unchanged |
| 22 | BDJ | Blackrock Enhanced Eqty Dvd | — | +1.35% | Add |
| 23 | JNJ | Johnson & Johnson | — | +0.10% | Add |
| 24 | DGRO | Ishares Core Dividend Growth | — | -6.00% | Trim |
| 25 | TRGP | Targa Resources CORP | 0% | — | Unchanged |
| 26 | MSFT | Microsoft CORP | 0% | — | Unchanged |
| 27 | SO | Southern Co/the | 0% | — | Unchanged |
| 28 | MEAR | Ishrs Short Mat Muni Act ETF | 0% | — | Unchanged |
| 29 | SPGI | S&p Global Inc | 0% | — | Unchanged |
| 30 | IUSV | Ishares Core S&p U.s. Value | 0% | -10.24% | Trim |
| 31 | SLB | Slb LTD | 0% | +0.09% | Add |
| 32 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | — | Unchanged |
| 33 | VNQ | Vanguard Real Estate ETF | 0% | +0.99% | Add |
| 34 | DFAE | Dimensional Emerging Core Eq | -0.1% | -8.37% | Trim |
| 35 | DFIV | Dimensional International Va | -0.1% | -0.77% | Trim |
| 36 | IJH | Ishares Core S&p Midcap ETF | -0.1% | -11.32% | Trim |
| 37 | T | At&t Inc | -0.1% | EXIT | Sold out |
| 38 | CVX | Chevron CORP | -0.1% | -13.07% | Trim |
| 39 | DFUV | Dimensional US Marketwide Va | -0.1% | -2.96% | Trim |
| 40 | DFAX | Dimensional World Ex US Core | -0.1% | -4.80% | Trim |
| 41 | SGOV | Ishares 0-3 Month Treasury B | -0.1% | +6.48% | Add |
| 42 | XOM | Exxon Mobil CORP | -0.2% | +5.21% | Add |
| 43 | DFCF | Dimensional Core Fixed Inc | -0.2% | +7.51% | Add |
| 44 | MUB | Ishares National Muni Bond E | -0.3% | +2.11% | Add |
| 45 | DFAI | Dimensional International Co | -0.5% | -0.27% | Trim |
Filing History
FAQ
What is Heritage Wealth Management, Inc./Texas and what type of investor is it?
Heritage Wealth Management, Inc./Texas is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $259.7M, spread across 44 disclosed positions.
What are Heritage Wealth Management, Inc./Texas's largest equity positions?
Based on the latest 13F filing, Heritage Wealth Management, Inc./Texas's top holdings by market value are:
1. Dimensional US Eq Mkt ETF (DFUS) — $72.9M (28.1%)
2. Dimensional US Marketwide Va (DFUV) — $36.7M (14.1%)
3. Dimensional US Small Cap ETF (DFAS) — $35.1M (13.5%)
4. Dimensional International Co (DFAI) — $25.6M (9.9%)
5. Dimensional US High Profi Et (DUHP) — $14.5M (5.6%)
What changes did Heritage Wealth Management, Inc./Texas make in its most recent portfolio filing?
In the latest reported quarter, Heritage Wealth Management, Inc./Texas made 36 notable position adjustments: 4 new positions were initiated, 15 existing holdings were added to, 16 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Pfizer Inc (PFE); New buy: Direx Dail Semi Bu 3x Et-usd (SOXL); New buy: Vanguard Ftse Pacific ETF (VPL); Sold out: At&t Inc (T); New buy: Paramount Skydance Cl B (PSKY)
What sectors does Heritage Wealth Management, Inc./Texas focus on?
Heritage Wealth Management, Inc./Texas is concentrated in the following sectors based on its current disclosed equity portfolio:
• Energy: 41.1%
• Information Technology: 31.4%
• Health Care: 13.5%
• Financials: 9.8%
• Utilities: 2.5%
• Communication Services: 1.8%
Investment Profile
Heritage Wealth Management, Inc./Texas returned an annualized 17.2% over the trailing 36 months — outperforming the S&P 500 by 0.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.83 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 41.1% of the portfolio concentrated in Energy.
It has added to its DFAS position over the past two quarters (+$5.4M, now $35.1M), while trimming SPGI over the same stretch (-$191.0K, still holding $391.2K).
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Developer Access
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