Heritage Wealth Management, Inc./Texas
Long book
$234.0M
Q1 2026
Positions
41
Top-10 weight
91%
concentration
Last quarter
+11.4%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsHeritage Wealth Management, Inc./Texas is a wealth-management firm allocating client money, running a $234.0M US long book across 41 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: DIMENSIONAL US EQ MKT ETF, DIMENSIONAL US MARKETWIDE VA, DIMENSIONAL US SMALL CAP ETF, DIMENSIONAL INTERNATIONAL CO, DIMENSIONAL CORE FIXED INC.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.2%
Q2 2024
+7.1%
Q3 2024
-0.8%
Q4 2024
-1.3%
Q1 2025
+6.6%
Q2 2025
+6.5%
Q3 2025
+2.8%
Q4 2025
+0.4%
Q1 2026
+11.4%
Sector allocation
Energy 30%
Technology 24%
Utilities 17%
Financials 15%
Healthcare 6%
Services media 5%
Communications 2%
Long book by quarter
What does Heritage Wealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| XOM EXXON MOBIL CORP | Energy | 8.7K | $1.5M | 0.6% | -10.3% |
| TRGP TARGA RESOURCES CORP | Utilities | 4.8K | $1.2M | 0.5% | Held |
| AAPL APPLE INC | Technology | 4.5K | $1.1M | 0.5% | -25.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.8K | $857K | 0.4% | Held |
| CVX CHEVRON CORP | Energy | 3.0K | $629K | 0.3% | -0.1% |
| AVGO BROADCOM INC | Technology | 1.5K | $450K | 0.2% | Held |
| MSFT MICROSOFT CORP | Technology | 1.2K | $432K | 0.2% | +4.9% |
| SLB SLB LTD | Energy | 8.1K | $418K | 0.2% | -33.2% |
| SPGI S&P GLOBAL INC | Services media | 961 | $409K | 0.2% | -13.7% |
| JPM JPMORGAN CHASE & CO | Financials | 1.3K | $372K | 0.2% | -14.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 991 | $242K | 0.1% | Held |
| ABBV ABBVIE INC | Healthcare | 1.1K | $240K | 0.1% | Held |
| T AT&T INC | Communications | 7.1K | $204K | 0.1% | New |
| SO SOUTHERN CO/THE | Utilities | 2.1K | $203K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 41 | $234.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 38 | $230.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 39 | $226.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 1, 2025 | 35 | $201.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 22, 2025 | 35 | $172.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 21, 2025 | 31 | $169.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 30, 2024 | 39 | $172.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 30, 2024 | 38 | $160.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 25, 2024 | 36 | $154.0M | canonical | SEC ↗ |