Heritage Services 13F annual report
Heritage Services is an investment fund managing more than $697 billion ran by Jennifer Watson. There are currently 69 companies in Mrs. Watson’s portfolio. The largest investments include Dimensional Etf Trust and Vanguard Scottsdale Fds, together worth $434 billion.
$697 billion Assets Under Management (AUM)
As of 16th July 2024, Heritage Services’s top holding is 9,244,842 shares of Dimensional Etf Trust currently worth over $285 billion and making up 41.0% of the portfolio value.
In addition, the fund holds 2,556,090 shares of Vanguard Scottsdale Fds worth $149 billion.
The third-largest holding is J P Morgan Exchange Traded F worth $115 billion and the next is Ishares Tr worth $84.5 billion, with 1,145,845 shares owned.
Currently, Heritage Services's portfolio is worth at least $697 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 Services
The Heritage Services office and employees reside in Westwood, Massachusetts. According to the last 13-F report filed with the SEC, Jennifer Watson serves as the Chief Compliance Officer at Heritage Services.
Recent trades
In the most recent 13F filing, Heritage Services revealed that it had opened a new position in
CVS Health Corp and bought 8,518 shares worth $503 million.
This means they effectively own approximately 0.1% of the company.
CVS Health Corp makes up
11.5%
of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Dimensional Etf Trust by buying
246,774 additional shares.
This makes their stake in Dimensional Etf Trust total 9,244,842 shares worth $285 billion.
On the other hand, there are companies that Heritage Services is getting rid of from its portfolio.
Heritage Services closed its position in General Electric Co on 23rd July 2024.
It sold the previously owned 1,391 shares for $244 million.
Jennifer Watson also disclosed a decreased stake in Apple Inc by approximately 0.1%.
This leaves the value of the investment at $7.07 billion and 33,583 shares.
One of the average hedge funds
The two most similar investment funds to Heritage Services are Nemes Rush and Yiheng Capital Management, L.P.. They manage $697 billion and $696 billion respectively.
Jennifer Watson investment strategy
Heritage Services’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 1.5% of
the total portfolio value.
The fund focuses on investments in the United States as
50.7% 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
48% of the total holdings value.
On the other hand, small-cap stocks make up only 1.4% of the portfolio.
The average market cap of the portfolio companies is close to $331 billion.
The complete list of Heritage Services trades based on 13F SEC filings
These positions were updated on July 23rd 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 |
|---|---|---|---|
| Dimensional Etf Trust |
2.74%
9,244,842
|
$285,434,581,000 | 40.97% |
| Vanguard Scottsdale Fds |
3.44%
2,556,090
|
$148,841,102,000 | 21.36% |
| J P Morgan Exchange Traded F |
3.84%
2,501,572
|
$114,957,395,000 | 16.50% |
| Ishares Tr |
2.71%
1,145,845
|
$84,488,373,000 | 12.13% |
| Apple Inc |
3.20%
33,583
|
$7,073,306,000 | 1.02% |
| Ishares Inc |
8.47%
70,910
|
$3,795,836,000 | 0.54% |
| Microsoft Corporation |
1.13%
8,166
|
$3,649,898,000 | 0.52% |
| NVIDIA Corp |
894.83%
26,761
|
$3,306,054,000 | 0.47% |
| Vanguard Index Fds |
2.59%
19,720
|
$6,383,579,000 | 0.92% |
| Procter And Gamble Co |
6.79%
13,773
|
$2,271,444,000 | 0.33% |
| Eli Lilly & Co |
1.03%
1,828
|
$1,655,035,000 | 0.24% |
| Exxon Mobil Corp. |
14.95%
13,661
|
$1,572,655,000 | 0.23% |
| Spdr S&p 500 Etf Tr |
4.01%
2,682
|
$1,459,715,000 | 0.21% |
| Johnson & Johnson |
4.23%
9,709
|
$1,418,999,000 | 0.20% |
| Coca-Cola Co |
0.28%
21,026
|
$1,338,305,000 | 0.19% |
| Berkshire Hathaway Inc. |
4.17%
3,057
|
$1,243,588,000 | 0.18% |
| Costco Whsl Corp New |
0.28%
1,445
|
$1,228,236,000 | 0.18% |
| Applied Matls Inc |
No change
4,966
|
$1,172,019,000 | 0.17% |
| Vanguard Bd Index Fds |
2.09%
14,461
|
$1,041,916,000 | 0.15% |
| Vanguard Mun Bd Fds |
No change
20,117
|
$1,008,063,000 | 0.14% |
| Amazon.com Inc. |
6.23%
4,906
|
$948,085,000 | 0.14% |
| Alphabet Inc |
5.31%
8,121
|
$1,485,281,000 | 0.21% |
| Vanguard Tax-managed Fds |
4.61%
16,947
|
$837,541,000 | 0.12% |
| Merck & Co Inc |
78.00%
6,730
|
$833,174,000 | 0.12% |
| NextEra Energy Inc |
4.92%
11,487
|
$813,395,000 | 0.12% |
| Analog Devices Inc. |
0.09%
3,445
|
$786,289,000 | 0.11% |
| Spdr Ser Tr |
30.31%
27,339
|
$1,362,487,000 | 0.20% |
| Mcdonalds Corp |
0.31%
2,876
|
$732,920,000 | 0.11% |
| International Business Machs |
16.44%
4,220
|
$729,849,000 | 0.10% |
| Unitedhealth Group Inc |
7.06%
1,238
|
$630,464,000 | 0.09% |
| Wisdomtree Tr |
0.29%
5,552
|
$626,419,000 | 0.09% |
| Eversource Energy |
6.48%
10,761
|
$610,257,000 | 0.09% |
| Vanguard Specialized Funds |
5.16%
3,146
|
$574,248,000 | 0.08% |
| Home Depot, Inc. |
1.73%
1,538
|
$529,442,000 | 0.08% |
| Abbvie Inc |
2.22%
3,043
|
$521,936,000 | 0.07% |
| Chevron Corp. |
2.26%
3,294
|
$515,248,000 | 0.07% |
| American Centy Etf Tr |
No change
5,649
|
$509,484,000 | 0.07% |
| JPMorgan Chase & Co. |
4.21%
2,505
|
$506,662,000 | 0.07% |
| CVS Health Corp |
Opened
8,518
|
$503,074,000 | 0.07% |
| Abbott Labs |
0.89%
4,673
|
$485,572,000 | 0.07% |
| Schwab Strategic Tr |
1.77%
34,042
|
$1,325,242,000 | 0.19% |
| Vanguard Intl Equity Index F |
12.77%
10,208
|
$446,703,000 | 0.06% |
| Broadcom Inc |
1.19%
249
|
$399,777,000 | 0.06% |
| Qualcomm, Inc. |
3.32%
1,862
|
$370,900,000 | 0.05% |
| Verizon Communications Inc |
76.06%
8,951
|
$369,140,000 | 0.05% |
| Vanguard World Fd |
3.09%
568
|
$327,504,000 | 0.05% |
| American Express Co. |
1.21%
1,311
|
$303,563,000 | 0.04% |
| Caterpillar Inc. |
0.55%
909
|
$302,788,000 | 0.04% |
| Pure Storage Inc |
No change
4,522
|
$290,358,000 | 0.04% |
| Bank America Corp |
28.02%
7,142
|
$284,029,000 | 0.04% |
| Honeywell International Inc |
1.84%
1,281
|
$273,545,000 | 0.04% |
| Meta Platforms Inc |
9.08%
541
|
$272,784,000 | 0.04% |
| Cisco Sys Inc |
0.33%
5,736
|
$272,518,000 | 0.04% |
| Ssga Active Etf Tr |
54.41%
6,772
|
$268,984,000 | 0.04% |
| Pfizer Inc. |
25.86%
9,170
|
$256,577,000 | 0.04% |
| Cabot Corp. |
No change
2,707
|
$248,747,000 | 0.04% |
| General Electric Co |
Closed
1,391
|
$244,163,000 | |
| Visa Inc |
Closed
864
|
$241,126,000 | |
| Elevance Health Inc |
4.95%
442
|
$239,503,000 | 0.03% |
| Thermo Fisher Scientific Inc. |
2.60%
412
|
$227,836,000 | 0.03% |
| RTX Corp |
Opened
2,268
|
$227,685,000 | 0.03% |
| Idexx Labs Inc |
0.43%
464
|
$226,061,000 | 0.03% |
| Stanley Black & Decker Inc |
Closed
2,298
|
$225,044,000 | |
| J P Morgan Exchange Traded F |
Opened
3,960
|
$224,453,000 | 0.03% |
| Trane Technologies plc |
No change
678
|
$223,015,000 | 0.03% |
| Pepsico Inc |
0.37%
1,352
|
$222,986,000 | 0.03% |
| Boeing Co. |
1.48%
1,200
|
$218,412,000 | 0.03% |
| Aflac Inc. |
5.89%
2,414
|
$215,602,000 | 0.03% |
| Eaton Corp Plc |
1.44%
685
|
$214,782,000 | 0.03% |
| Lowes Cos Inc |
1.65%
955
|
$210,540,000 | 0.03% |
| Avery Dennison Corp. |
2.06%
950
|
$207,656,000 | 0.03% |
| Roper Technologies Inc |
Opened
355
|
$200,100,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 72 holdings | |||
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