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Heritage Family Offices, LLP — 13F Holdings & Portfolio

CIK 2019316 · latest 13F-HR filed 2026-11-02

Backtest portfolio

Heritage Family Offices, LLP manages $302.5M in 13F-reported U.S. long-equity assets across 1,019 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are AVDE (4.81%), VEA (4.75%), AVEM (3.65%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 792 new positions and exited 6; 62 existing positions rose in reported value and 113 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$302.5M

Long-equity book

Holdings
1,019

Distinct positions

Period
2026-09-30

Filed 2026-11-02

Q/Q Activity
+792 / −6 / ↑62 / ↓113

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
AVDE4.8% · +22%VEA4.8% · +21%AVEM3.6% · +16%SCHZ3.0% · +31%BTC2.9% · +15%NVDA2.9% · +10%AAPL2.7% · +3%SPYM2.4% · +16%MSFT2.1% · +4%BNDX2.0% · +19%SMMD1.8% · -29%SPEM1.8% · -32%IVV1.7% · -14%EFA1.6% · -23%VTI1.4% · +5%GLDM1.4% · +19%AMZN1.3% · +10%XPEL1.2% · 0%GOOGL1.1% · +10%AVGO1.0% · -4%VO0.9% · +37%USHY0.9% · -32%VTEB0.8% · +78%VB0.8% · +43%GOOG0.8% · +1%IEFA0.8% · -13%BCI0.8% · +19%META0.7% · +11%SPHY0.7% · +29%VWOB0.7% · +26%LLY0.7% · -8%MU0.6% · +17%WFC0.6% · -0%EMB0.6% · -24%NLR0.6% · +27%BRK.B0.6% · +5%IEMG0.5% · -14%AMD0.5% · +26%MCK0.5% · -0%TSLA0.5% · +5%APH0.5% · +60%KLAC0.5% · -18%ABBV0.4% · -12%JPM0.4% · +13%XOM0.4% · +14%V0.4% · -4%ADI0.4% · -13%PM0.4% · +4%RTX0.4% · -22%WMT0.4% · -6%AGG0.4% · -57%IBIT0.4% · -12%HD0.4% · +0%ETN0.3% · -24%SCHM0.3% · 0%VOO0.3% · +36%IWM0.3% · -23%TXN0.3% · -23%IUSB0.3% · +2%EFV0.3% · -6%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 31.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 10, 2026.

Assets Under Management
$423.3M
Discretionary
$423.3M
Employees
13
Accounts
1,057
Address
9841 E BELL RD
SUITE 110
SCOTTSDALE, AZ 85260
Phone
(602) 775-5400
Website
Name Title / Status Ownership Type
FROST, MICHAEL, BRENT ControlGENERAL PARTNER AND CHIEF COMPLIANCE OFFICER
since Oct 2022
50–75%Individual
Nelson, Ralph, Erwin ControlGENERAL PARTNER
since Oct 2022
50–75%Individual
Ownership & leadership changes · 3 filings with changes since Oct 18, 2022

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 10, 2026 filing
  • No longer listedMAXEY, DAVID, ELGIN · GENERAL PARTNER · 10–25% · listed since Oct 2022
  • ChangedFROST, MICHAEL, BRENT · ownership 25–50% → 50–75%
  • ChangedNelson, Ralph, Erwin · ownership 25–50% → 50–75%
Jun 10, 2025 filing
  • ChangedFROST, MICHAEL, BRENT · title GENERAL PARTNER → GENERAL PARTNER AND CHIEF COMPLIANCE OFFICER
  • ChangedMAXEY, DAVID, ELGIN · title GENERAL PARTNER AND CHIEF COMPLIANCE OFFICER → GENERAL PARTNER; no longer a control person
Oct 20, 2022 filing
  • ChangedFROST, MICHAEL, BRENT · title MANAGING MEMBER → GENERAL PARTNER
  • ChangedMAXEY, DAVID, ELGIN · title MANAGING MEMBER AND CHIEF COMPLIANCE OFFICER → GENERAL PARTNER AND CHIEF COMPLIANCE OFFICER
  • ChangedNelson, Ralph, Erwin · title MANAGING MEMBER → GENERAL PARTNER
Oct 18, 2022 filing (earliest on record)
  • ListedFROST, MICHAEL, BRENT · MANAGING MEMBER · 25–50% · control person
  • ListedMAXEY, DAVID, ELGIN · MANAGING MEMBER AND CHIEF COMPLIANCE OFFICER · 10–25% · control person
  • ListedNelson, Ralph, Erwin · MANAGING MEMBER · 25–50% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 62 →

Top Trims

Show all 113 →

New Positions

Show all 792 →

Exited Positions

Show all 6 →

Heritage Family Offices, LLP Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 AMERICAN CENTY ETF TR AVDE 025072703 $14.6M 4.81% 161,576 SH
2 VANGUARD TAX-MANAGED FDS VEA 921943858 $14.4M 4.75% 203,683 SH
3 AMERICAN CENTY ETF TR AVEM 025072604 $11.0M 3.65% 117,433 SH
4 SCHWAB STRATEGIC TR SCHZ 808524839 $9.1M 3.01% 412,627 SH
5 GRAYSCALE BITCOIN MINI TR ET BTC 389930207 $8.8M 2.89% 236,964 SH
6 NVIDIA CORPORATION NVDA 67066G104 $8.6M 2.85% 37,787 SH
7 APPLE INC AAPL 037833100 $8.3M 2.73% 24,826 SH
8 SPDR SERIES TRUST SPYM 78464A854 $7.1M 2.36% 79,566 SH
9 MICROSOFT CORP MSFT 594918104 $6.3M 2.08% 12,285 SH
10 VANGUARD CHARLOTTE FDS BNDX 92203J407 $6.2M 2.05% 132,044 SH
11 ISHARES TR SMMD 46435G268 $5.4M 1.80% 63,653 SH
12 SPDR INDEX SHS FDS SPEM 78463X509 $5.4M 1.79% 104,919 SH
13 ISHARES TR IVV 464287200 $5.2M 1.73% 6,832 SH
14 ISHARES TR EFA 464287465 $4.7M 1.55% 45,249 SH
15 VANGUARD INDEX FDS VTI 922908769 $4.2M 1.37% 11,114 SH
16 WORLD GOLD TR GLDM 98149E303 $4.1M 1.35% 49,759 SH
17 AMAZON COM INC AMZN 023135106 $4.0M 1.32% 15,972 SH
18 XPEL INC XPEL 98379L100 $3.6M 1.19% 81,802 SH
19 ALPHABET INC GOOGL 02079K305 $3.3M 1.10% 9,641 SH
20 BROADCOM INC AVGO 11135F101 $3.0M 1.00% 8,620 SH
21 VANGUARD INDEX FDS VO 922908629 $2.9M 0.95% 36,504 SH
22 ISHARES TR USHY 46435U853 $2.7M 0.89% 75,581 SH
23 VANGUARD MUN BD FDS VTEB 922907746 $2.6M 0.85% 54,325 SH
24 VANGUARD INDEX FDS VB 922908751 $2.5M 0.83% 8,785 SH
25 ALPHABET INC GOOG 02079K107 $2.5M 0.81% 7,205 SH
26 ISHARES TR IEFA 46432F842 $2.4M 0.79% 24,799 SH
27 ABRDN ETFS BCI 003261104 $2.4M 0.79% 91,968 SH
28 META PLATFORMS INC META 30303M102 $2.3M 0.75% 3,118 SH
29 SPDR SERIES TRUST SPHY 78468R606 $2.2M 0.73% 98,401 SH
30 VANGUARD WHITEHALL FDS VWOB 921946885 $2.2M 0.73% 34,871 SH
31 ELI LILLY & CO LLY 532457108 $2.0M 0.67% 1,764 SH
32 MICRON TECHNOLOGY INC MU 595112103 $1.9M 0.63% 1,791 SH
33 WELLS FARGO & CO WFC 949746101 $1.8M 0.61% 22,924 SH
34 ISHARES TR EMB 464288281 $1.8M 0.60% 20,040 SH
35 VANECK ETF TRUST NLR 92189F601 $1.8M 0.58% 16,987 SH
36 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $1.7M 0.56% 3,388 SH
37 ISHARES INC IEMG 46434G103 $1.6M 0.54% 20,193 SH
38 ADVANCED MICRO DEVICES INC AMD 007903107 $1.5M 0.51% 2,507 SH
39 MCKESSON CORP MCK 58155Q103 $1.5M 0.50% 1,768 SH
40 TESLA INC TSLA 88160R101 $1.5M 0.50% 4,246 SH
41 AMPHENOL CORP APH 032095101 $1.5M 0.49% 17,485 SH
42 KLA CORP KLAC 482480100 $1.4M 0.46% 7,160 SH
43 ABBVIE INC ABBV 00287Y109 $1.3M 0.43% 5,015 SH
44 JPMORGAN CHASE & CO JPM 46625H100 $1.3M 0.42% 3,862 SH
45 EXXONMOBIL HOLDINGS CORP XOM 30233Q108 $1.3M 0.41% 7,701 SH
46 VISA INC V 92826C839 $1.2M 0.41% 3,424 SH
47 ANALOG DEVICES INC ADI 032654105 $1.2M 0.40% 3,020 SH
48 PHILIP MORRIS INTL INC PM 718172109 $1.2M 0.39% 6,115 SH
49 RTX CORPORATION RTX 75513E101 $1.2M 0.38% 6,231 SH
50 WALMART INC WMT 931142103 $1.2M 0.38% 11,106 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-11-02 $302.5M 1,019 0002019316-26-000006
2026-06-30 2026-07-29 $258.9M 233 0002019316-26-000005
2026-03-31 2026-04-08 $225.5M 196 0002019316-26-000002
2025-12-31 2026-01-12 $220.0M 202 0002019316-26-000001
Filer Information
Address
9841 E BELL RD,
STE 110
SCOTTSDALE, AZ 85260
Phone
(602) 775-5400
Filing Manager
Heritage Family Offices, LLP
SCOTTSDALE, AZ
Signatory
Michael Frost
CCO