Heritage Wealth Management 13F annual report
Heritage Wealth Management is an investment fund managing more than $180 billion ran by David Maxey. There are currently 137 companies in Mr. Maxey’s portfolio. The largest investments include Spdr Index Shs Fds and Ishares Tr, together worth $80.2 billion.
$180 billion Assets Under Management (AUM)
As of 23rd July 2024, Heritage Wealth Management’s top holding is 442,544 shares of Spdr Index Shs Fds currently worth over $16.7 billion and making up 9.3% of the portfolio value.
In addition, the fund holds 883,777 shares of Ishares Tr worth $63.5 billion.
The third-largest holding is Microsoft worth $3.41 billion and the next is Apple Inc worth $3.33 billion, with 15,814 shares owned.
Currently, Heritage Wealth Management's portfolio is worth at least $180 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Heritage Wealth Management
The Heritage Wealth Management office and employees reside in Phoenix, Arizona. According to the last 13-F report filed with the SEC, David Maxey serves as the Partner/COO at Heritage Wealth Management.
Recent trades
In the most recent 13F filing, Heritage Wealth Management revealed that it had opened a new position in
Jacobs Solutions Inc and bought 9,611 shares worth $1.34 billion.
This means they effectively own approximately 0.1% of the company.
Jacobs Solutions Inc makes up
15.1%
of the fund's Industrials sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Abbvie Inc by buying
3,104 additional shares.
This makes their stake in Abbvie Inc total 8,899 shares worth $1.53 billion.
Abbvie Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Heritage Wealth Management is getting rid of from its portfolio.
Heritage Wealth Management closed its position in Ishares Tr on 30th July 2024.
It sold the previously owned 51,327 shares for $2.65 billion.
David Maxey also disclosed a decreased stake in Spdr Index Shs Fds by approximately 0.1%.
This leaves the value of the investment at $16.7 billion and 442,544 shares.
One of the smallest hedge funds
The two most similar investment funds to Heritage Wealth Management are Ally Bridge (ny) and Mark Sheptoff Financial Planning. They manage $180 billion and $180 billion respectively.
David Maxey investment strategy
Heritage Wealth Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 8.1% of
the total portfolio value.
The fund focuses on investments in the United States as
45.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
34% of the total holdings value.
On the other hand, small-cap stocks make up only 0.7% of the portfolio.
The average market cap of the portfolio companies is close to $160 billion.
The complete list of Heritage Wealth Management trades based on 13F SEC filings
These positions were updated on July 30th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Spdr Index Shs Fds |
9.25%
442,544
|
$16,670,592,000 | 9.27% |
| Ishares Tr |
4.01%
883,777
|
$63,504,286,000 | 35.30% |
| Microsoft Corporation |
10.21%
7,636
|
$3,412,849,000 | 1.90% |
| Apple Inc |
7.05%
15,814
|
$3,330,708,000 | 1.85% |
| XPEL Inc |
No change
81,802
|
$2,908,879,000 | 1.62% |
| KLA Corp. |
14.26%
2,934
|
$2,418,942,000 | 1.34% |
| Ishares Inc |
9.12%
43,007
|
$2,302,168,000 | 1.28% |
| Broadcom Inc |
20.85%
1,431
|
$2,297,032,000 | 1.28% |
| Spdr Ser Tr |
3.30%
35,410
|
$2,266,240,000 | 1.26% |
| Analog Devices Inc. |
8.35%
9,149
|
$2,088,249,000 | 1.16% |
| Stryker Corp. |
10.02%
5,620
|
$1,912,179,000 | 1.06% |
| Accenture Plc Ireland |
8.07%
5,943
|
$1,803,185,000 | 1.00% |
| Lowes Cos Inc |
9.64%
8,056
|
$1,776,054,000 | 0.99% |
| Mckesson Corporation |
No change
3,012
|
$1,759,128,000 | 0.98% |
| Eli Lilly & Co |
8.87%
1,942
|
$1,758,599,000 | 0.98% |
| Home Depot, Inc. |
4.57%
5,097
|
$1,754,724,000 | 0.98% |
| Merck & Co Inc |
8.70%
13,065
|
$1,617,481,000 | 0.90% |
| Visa Inc |
8.61%
6,094
|
$1,599,402,000 | 0.89% |
| Gallagher Arthur J & Co |
7.19%
6,091
|
$1,579,428,000 | 0.88% |
| Conocophillips |
6.68%
13,501
|
$1,544,228,000 | 0.86% |
| TE Connectivity Ltd |
8.04%
10,198
|
$1,534,068,000 | 0.85% |
| Abbvie Inc |
53.56%
8,899
|
$1,526,354,000 | 0.85% |
| Emerson Elec Co |
3.43%
13,774
|
$1,517,345,000 | 0.84% |
| Unitedhealth Group Inc |
9.39%
2,692
|
$1,371,102,000 | 0.76% |
| Mastercard Incorporated |
9.02%
3,108
|
$1,370,935,000 | 0.76% |
| Jacobs Solutions Inc |
Opened
9,611
|
$1,342,745,000 | 0.75% |
| Texas Instrs Inc |
7.73%
6,800
|
$1,322,760,000 | 0.74% |
| Intercontinental Exchange In |
8.85%
9,452
|
$1,293,941,000 | 0.72% |
| RTX Corp |
6.95%
12,175
|
$1,222,264,000 | 0.68% |
| Ishares Tr |
Closed
51,327
|
$2,652,495,000 | |
| American Tower Corp. |
Closed
5,764
|
$1,138,877,000 | |
| Comcast Corp New |
8.00%
27,764
|
$1,087,221,000 | 0.60% |
| Asml Holding N V |
7.23%
1,040
|
$1,063,170,000 | 0.59% |
| Honeywell International Inc |
38.36%
4,794
|
$1,023,699,000 | 0.57% |
| Moodys Corp |
9.91%
2,299
|
$967,528,000 | 0.54% |
| Novo-nordisk A S |
7.91%
6,742
|
$962,401,000 | 0.53% |
| RELX Plc |
7.72%
20,839
|
$956,107,000 | 0.53% |
| Zoetis Inc |
65.28%
5,388
|
$934,129,000 | 0.52% |
| Blackrock Etf Trust Ii |
Opened
17,829
|
$926,037,000 | 0.51% |
| Powershares Actively Managed |
46.56%
36,829
|
$925,880,000 | 0.51% |
| Eog Res Inc |
7.62%
7,153
|
$900,327,000 | 0.50% |
| VanEck ETF Trust |
35.16%
35,242
|
$899,023,000 | 0.50% |
| Nxp Semiconductors N V |
8.73%
3,272
|
$880,468,000 | 0.49% |
| Intel Corp. |
19.37%
27,051
|
$837,769,000 | 0.47% |
| Check Point Software Tech Lt |
15.70%
4,807
|
$793,155,000 | 0.44% |
| Wells Fargo Co New |
0.15%
12,833
|
$762,181,000 | 0.42% |
| Alcon Ag |
8.88%
8,465
|
$754,073,000 | 0.42% |
| Aon plc. |
9.88%
2,481
|
$728,353,000 | 0.40% |
| Sony Group Corp |
9.67%
8,456
|
$718,378,000 | 0.40% |
| Suncor Energy, Inc. |
18.84%
18,656
|
$710,806,000 | 0.40% |
| Astrazeneca plc |
Opened
9,101
|
$709,786,000 | 0.39% |
| Haleon Plc |
9.08%
84,803
|
$700,473,000 | 0.39% |
| Cisco Sys Inc |
7.08%
14,473
|
$687,630,000 | 0.38% |
| TotalEnergies SE |
8.97%
9,846
|
$656,547,000 | 0.36% |
| Select Sector Spdr Tr |
3.34%
2,895
|
$654,959,000 | 0.36% |
| Abbott Labs |
6.97%
6,219
|
$646,193,000 | 0.36% |
| Deere & Co. |
8.29%
1,703
|
$636,142,000 | 0.35% |
| Novartis AG |
9.44%
5,930
|
$631,294,000 | 0.35% |
| Medtronic Plc |
8.75%
7,989
|
$628,805,000 | 0.35% |
| Ishares U S Etf Tr |
Closed
12,173
|
$614,152,000 | |
| Genuine Parts Co. |
7.50%
4,326
|
$598,374,000 | 0.33% |
| Schwab Strategic Tr |
10.48%
12,410
|
$565,643,000 | 0.31% |
| Hershey Company |
7.31%
3,055
|
$561,592,000 | 0.31% |
| Lennox International Inc |
13.26%
1,027
|
$549,164,000 | 0.31% |
| Vanguard Specialized Funds |
No change
3,008
|
$549,110,000 | 0.31% |
| Teradyne, Inc. |
11.23%
3,503
|
$519,388,000 | 0.29% |
| Bentley Sys Inc |
13.29%
10,103
|
$498,694,000 | 0.28% |
| S&P Global Inc |
8.27%
1,076
|
$479,930,000 | 0.27% |
| Lpl Finl Hldgs Inc |
11.75%
1,712
|
$478,199,000 | 0.27% |
| Marriott Intl Inc New |
No change
1,939
|
$468,792,000 | 0.26% |
| Ishares Tr |
Opened
10,029
|
$461,536,000 | 0.26% |
| Vanguard Whitehall Fds |
No change
3,813
|
$452,222,000 | 0.25% |
| Philip Morris International Inc |
0.90%
4,401
|
$445,953,000 | 0.25% |
| Watsco, Inc. |
11.92%
953
|
$441,693,000 | 0.25% |
| Cooper Cos Inc |
10.23%
4,931
|
$430,477,000 | 0.24% |
| Berkley W R Corp |
11.05%
5,458
|
$428,906,000 | 0.24% |
| Interactive Brokers Group In |
11.30%
3,367
|
$412,803,000 | 0.23% |
| Invesco Exch Traded Fd Tr Ii |
0.66%
6,296
|
$408,933,000 | 0.23% |
| Rollins, Inc. |
12.58%
8,342
|
$407,029,000 | 0.23% |
| Nordson Corp. |
9.71%
1,748
|
$405,397,000 | 0.23% |
| Equifax, Inc. |
12.34%
1,648
|
$399,458,000 | 0.22% |
| Pool Corporation |
11.79%
1,250
|
$384,222,000 | 0.21% |
| Fair Isaac Corp. |
10.36%
251
|
$373,658,000 | 0.21% |
| Zebra Technologies Corporati |
10.51%
1,209
|
$373,498,000 | 0.21% |
| Grayscale Bitcoin Tr Btc |
Opened
6,880
|
$366,292,000 | 0.20% |
| Henry Jack & Assoc Inc |
9.43%
2,180
|
$361,901,000 | 0.20% |
| Charles Riv Labs Intl Inc |
9.48%
1,690
|
$349,119,000 | 0.19% |
| Saia Inc. |
10.27%
725
|
$343,858,000 | 0.19% |
| Zurn Elkay Water Solns Corp |
11.67%
11,600
|
$341,040,000 | 0.19% |
| Aspen Technology Inc |
10.66%
1,676
|
$332,903,000 | 0.19% |
| Integer Hldgs Corp |
10.43%
2,834
|
$328,148,000 | 0.18% |
| Dolby Laboratories Inc |
11.10%
4,102
|
$325,008,000 | 0.18% |
| Altria Group Inc. |
0.77%
7,110
|
$323,861,000 | 0.18% |
| Proshares Tr |
No change
3,304
|
$317,614,000 | 0.18% |
| Bright Horizons Fam Sol In D |
10.22%
2,812
|
$309,545,000 | 0.17% |
| Bjs Whsl Club Hldgs Inc |
Opened
3,515
|
$308,759,000 | 0.17% |
| Berkshire Hathaway Inc. |
No change
755
|
$307,134,000 | 0.17% |
| Vanguard Index Fds |
0.75%
6,019
|
$822,455,000 | 0.46% |
| Allegion plc |
10.06%
2,556
|
$302,014,000 | 0.17% |
| Exponent Inc. |
11.45%
3,023
|
$287,526,000 | 0.16% |
| Boot Barn Holdings Inc |
9.76%
2,201
|
$283,773,000 | 0.16% |
| Chemed Corp. |
9.88%
520
|
$282,211,000 | 0.16% |
| Teledyne Technologies Inc |
11.41%
722
|
$280,126,000 | 0.16% |
| Vanguard World Fd |
No change
3,075
|
$530,630,000 | 0.29% |
| ICF International, Inc |
19.25%
1,879
|
$279,020,000 | 0.16% |
| Exxon Mobil Corp. |
0.58%
2,420
|
$278,558,000 | 0.15% |
| Enpro Inc |
10.35%
1,845
|
$268,593,000 | 0.15% |
| Ansys Inc. |
Closed
771
|
$267,659,000 | |
| Ollies Bargain Outlet Hldgs |
11.88%
2,707
|
$265,743,000 | 0.15% |
| Selective Ins Group Inc |
11.00%
2,774
|
$260,331,000 | 0.14% |
| NVIDIA Corp |
Opened
2,080
|
$256,963,000 | 0.14% |
| Spdr S&p 500 Etf Tr |
Opened
472
|
$256,872,000 | 0.14% |
| Benchmark Electrs Inc |
13.39%
6,488
|
$256,003,000 | 0.14% |
| SM Energy Co |
12.32%
5,876
|
$254,006,000 | 0.14% |
| CSW Industrials Inc |
20.03%
954
|
$253,028,000 | 0.14% |
| Choice Hotels International, Inc. |
11.37%
2,120
|
$252,233,000 | 0.14% |
| Kforce Inc. |
Closed
3,525
|
$248,547,000 | |
| Vanguard Scottsdale Fds |
No change
1,002
|
$246,562,000 | 0.14% |
| Thor Inds Inc |
9.99%
2,605
|
$243,461,000 | 0.14% |
| Moelis & Co |
10.52%
4,270
|
$242,816,000 | 0.13% |
| Addus HomeCare Corporation |
10.22%
2,091
|
$242,788,000 | 0.13% |
| Korn Ferry |
9.22%
3,613
|
$242,585,000 | 0.13% |
| Kaiser Aluminum Corp |
9.88%
2,755
|
$242,203,000 | 0.13% |
| Atlantic Un Bankshares Corp |
Closed
6,721
|
$237,311,000 | |
| Monarch Casino & Resort, Inc. |
Closed
3,157
|
$236,725,000 | |
| Spdr Dow Jones Indl Average |
No change
600
|
$234,678,000 | 0.13% |
| SiteOne Landscape Supply Inc |
10.57%
1,921
|
$233,233,000 | 0.13% |
| Enovis Corporation |
Closed
3,717
|
$232,127,000 | |
| Alphabet Inc |
Opened
1,240
|
$227,441,000 | 0.13% |
| Patrick Inds Inc |
10.93%
2,094
|
$227,286,000 | 0.13% |
| Onto Innovation Inc. |
Closed
1,254
|
$227,075,000 | |
| Scotts Miracle-Gro Company |
9.41%
3,487
|
$226,844,000 | 0.13% |
| Permian Resources Corp |
Closed
12,837
|
$226,694,000 | |
| Cnx Res Corp |
11.12%
9,299
|
$225,968,000 | 0.13% |
| ExlService Holdings Inc |
Closed
7,087
|
$225,365,000 | |
| Dorman Prods Inc |
Closed
2,319
|
$223,531,000 | |
| Blackbaud Inc |
10.98%
2,893
|
$220,360,000 | 0.12% |
| Fs Credit Opportunities Corp |
Closed
36,764
|
$218,010,000 | |
| Northern Oil & Gas Inc |
12.11%
5,845
|
$217,245,000 | 0.12% |
| Franklin Elec Inc |
11.10%
2,250
|
$216,703,000 | 0.12% |
| Vanguard Index Fds |
Closed
623
|
$214,272,000 | |
| Marcus & Millichap Inc |
1.81%
6,567
|
$206,991,000 | 0.12% |
| Amazon.com Inc. |
Opened
1,067
|
$206,198,000 | 0.11% |
| Balchem Corp. |
9.48%
1,337
|
$205,812,000 | 0.11% |
| SouthState Corporation |
10.74%
2,684
|
$205,149,000 | 0.11% |
| Advanced Energy Inds |
11.43%
1,883
|
$204,749,000 | 0.11% |
| Stewart Information Svcs Cor |
11.26%
3,279
|
$203,576,000 | 0.11% |
| Costco Whsl Corp New |
Opened
238
|
$202,297,000 | 0.11% |
| Acushnet Hldgs Corp |
Closed
3,058
|
$201,689,000 | |
| Marathon Pete Corp |
Closed
1,000
|
$201,500,000 | |
| Sunstone Hotel Invs Inc New |
11.52%
13,391
|
$140,071,000 | 0.08% |
| Viavi Solutions Inc |
8.70%
13,330
|
$91,578,000 | 0.05% |
| Gray Television, Inc. |
9.37%
13,597
|
$70,706,000 | 0.04% |
| Air Prods & Chems Inc |
Closed
19,345
|
$58,491,000 | |
| No transactions found | |||
| Showing first 500 out of 154 holdings | |||
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