FSA Wealth Management LLC

RIA/Wealth

FSA Wealth Management LLC is a RIA/Wealth based in Needham, MA led by Simon John Heslop, reporting $459.3M in AUM as of Q3 2025 with 87% ETF concentration, 83% concentrated in top 10 holdings, 25% allocation to IWF, and minimal technology exposure.

PresidentSimon John Heslop

Portfolio Value: $272.6M
Positions: 553
Top Holding: IWF at 25.14%
Last Reported: Q3 2025

Address144 Gould Street, Suite 120, Needham, MA, 02494, United States

Top Holdings

Largest long holdings in FSA Wealth Management LLC's portfolio (82.9% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Russell 1000 Growth IWF	ETF ETF	$68.5M	25.14%	-$1.3M Sold	— 146.3K shares	Q3 2024 Held for 1y 2m
2 iShares Russell 1000 Value IWD	ETF ETF	$54.5M	19.99%	+$311.9K Bought	— 267.6K shares	Q3 2024 Held for 1y 2m
3 Vanguard FTSE Developed Markets VEA	ETF ETF	$25.7M	9.44%	-$541.4K Sold	— 429.4K shares	Q3 2024 Held for 1y 2m
4 iShares Russell Mid-Cap Growth IWP	ETF ETF	$18.4M	6.76%	-$267.2K Sold	— 129.3K shares	Q3 2024 Held for 1y 2m
5 iShares Russell Mid-Cap Value IWS	ETF ETF	$15.5M	5.67%	+$6.6K Bought	— 110.7K shares	Q3 2024 Held for 1y 2m
6 iShares Russell 2000 Growth IWO	ETF ETF	$11.7M	4.29%	+$31.4K Bought	— 36.5K shares	Q3 2024 Held for 1y 2m
7 iShares Russell 2000 Value IWN	ETF ETF	$10.8M	3.96%	+$75.5K Bought	— 61.1K shares	Q3 2024 Held for 1y 2m
8 Vanguard FTSE Emerging Markets VWO	ETF ETF	$8.9M	3.25%	-$72.9K Sold	— 163.4K shares	Q3 2024 Held for 1y 2m
9 iShares Core S&P 500 ETF IVV	ETF ETF	$7.1M	2.59%	-$61.9K Sold	— 85.5K shares	Q3 2024 Held for 1y 2m
10 Apple AAPL	Consumer Electronics Technology	$5.0M	1.82%	-$356.5K Sold	0.00% 19.5K shares	Q3 2024 Held for 1y 2m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in FSA Wealth Management LLC's latest filing

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Market Value

$272.6M

Prior: $255.7M

Q/Q Change

+6.63%

+$17.0M

Net Flows % of MV

-0.992%

Turnover Ratio

0.987%

New Purchases

15 stocks

$223.2K

Added To

94 stocks

+$1.0M

Sold Out Of

20 stocks

$231.0K

Reduced Holdings

55 stocks

-$3.7M

Increased Positions

Position	Shares Δ	Change
1 Vanguard Small-Cap Growth VBK	New	0 → 236.0 +$70.2K
2 VOOV Vanguard S&P 500 Value VOOV	New	0 → 326.0 +$65.0K
3 Eaton Corporation ETN	New	0 → 45.0 +$16.8K
4 NB Bancorp, Inc. NBBK	New	0 → 800.0 +$14.1K
5 FISV Fiserv, Inc. Common Stock FISV	New	0 → 73.0 +$9.4K

Decreased Positions

Position	Shares Δ	Change
1 Direxion Daily S&P 500 Bull 3x Shares SPXL	Sold	310.0 → 0 −$53.8K
2 ProShares UltraPro QQQ TQQQ	Sold	615.0 → 0 −$51.0K
3 Charles Schwab Corporation SCHW	Sold	400.0 → 0 −$36.5K
4 First Trust NASDAQ Technology Dividend Index Fund TDIV	Sold	180.0 → 0 −$16.2K
5 MiMedx Group MDXG	Sold	2.0K → 0 −$12.2K

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Analytics

Portfolio insights and performance metrics for FSA Wealth Management LLC

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Sector Allocation

ETF

87.10%

Technology

4.00%

Consumer Cyclical

1.90%

Industrials

1.50%

Financial Services

1.30%

Communication Services

1.00%

Healthcare

0.80%

Consumer Defensive

0.70%

Energy

0.60%

Utilities

0.30%

Real Estate

0.10%

Basic Materials

0.10%

Market Cap Distribution

Mega Cap (> $200B)

7.92%

Large Cap ($10B - $200B)

3.74%

Mid Cap ($2B - $10B)

0.63%

Small Cap ($300M - $2B)

0.02%

Micro Cap ($50M - $300M)

0.01%

Nano Cap (< $50M)

0.03%

N/A (ETF or Unknown)

87.65%

Portfolio Concentration

Top 10 Holdings %

82.9%

Top 20 Holdings %

89.86%

Top 50 Holdings %

94.34%

Top 100 Holdings %

96.86%