Heritage Family Offices, LLP

Family Office

Heritage Family Offices, LLP is a Family Office based in Scottsdale, AZ led by David Elgin Maxey, reporting $408.1M in AUM as of Q3 2025 with 47% ETF concentration.

Managing PartnerDavid Elgin Maxey

Portfolio Value: $214.9M
Positions: 197
Top Holding: SPEM at 8.16%
Last Reported: Q3 2025

Address9841 E Bell Rd, Suite 110, Scottsdale, AZ, 85260, United States

Top Holdings

Largest long holdings in Heritage Family Offices, LLP's portfolio (38% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SPDR Portfolio Emerging Markets SPEM	ETF ETF	$17.5M	8.16%	-$1.4M Sold	— 374.6K shares	Q2 2024 Held for 1y 5m
2 iShares Russell 2500 SMMD	ETF ETF	$16.2M	7.52%	-$53.4K Sold	— 219.3K shares	Q2 2024 Held for 1y 5m
3 iShares MSCI EAFE EFA	ETF ETF	$9.9M	4.61%	-$515.3K Sold	— 106.1K shares	Q2 2024 Held for 1y 5m
4 iShares Broad USD High Yield Corporate Bond USHY	ETF ETF	$8.9M	4.15%	-$582.8K Sold	— 236.0K shares	Q2 2024 Held for 1y 5m
5 iShares Core U.S. Aggregate Bond AGG	ETF ETF	$6.4M	3.00%	-$1.0M Sold	— 64.3K shares	Q2 2024 Held for 1y 5m
6 iShares Core S&P 500 ETF IVV	ETF ETF	$6.0M	2.79%	-$2.8M Sold	— 8.9K shares	Q2 2024 Held for 1y 5m
7 iShares J.P. Morgan USD Emerging Markets Bond EMB	ETF ETF	$4.6M	2.16%	-$393.7K Sold	— 48.7K shares	Q2 2024 Held for 1y 5m
8 Microsoft MSFT	Software - Infrastructure Technology	$4.6M	2.13%	-$228.9K Sold	0.00% 8.8K shares	Q2 2024 Held for 1y 5m
9 Apple AAPL	Consumer Electronics Technology	$4.3M	2.02%	-$370.7K Sold	0.00% 17.0K shares	Q2 2024 Held for 1y 5m
10 KLA Corporation KLAC	Semiconductors Technology	$3.1M	1.43%	-$351.7K Sold	0.00% 2.8K shares	Q2 2024 Held for 1y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Heritage Family Offices, LLP's latest filing

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Market Value

$214.9M

Prior: $197.8M

Q/Q Change

+8.67%

+$17.1M

Net Flows % of MV

-4.09%

Turnover Ratio

8.92%

New Purchases

20 stocks

$7.2M

Added To

67 stocks

+$6.7M

Sold Out Of

12 stocks

$4.5M

Reduced Holdings

84 stocks

-$18.1M

Increased Positions

Position	Shares Δ	Change
1 Eaton Corporation ETN	New	0 → 7.4K +$2.8M
2 UL Solutions ULS	New	0 → 5.8K +$411.8K
3 Trimble Inc. TRMB	New	0 → 4.5K +$365.2K
4 Seacoast Banking Corporation of Florida SBCF	New	0 → 10.4K +$316.9K
5 Hamilton Lane HLNE	New	0 → 2.2K +$291.3K

Decreased Positions

Position	Shares Δ	Change
1 UnitedHealth Group UNH	Sold	2.9K → 0 −$1.5M
2 TTE TotalEnergies TTE	Sold	10.0K → 0 −$638.7K
3 iShares ESG Screened S&P 500 ETF XVV	Sold	8.3K → 0 −$354.7K
4 Kforce KFRC	Sold	5.5K → 0 −$271.7K
5 Charles River Laboratories CRL	Sold	1.7K → 0 −$262.7K

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Analytics

Portfolio insights and performance metrics for Heritage Family Offices, LLP

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Sector Allocation

ETF

47.30%

Technology

15.20%

Financial Services

9.40%

Industrials

8.70%

Healthcare

5.70%

Consumer Cyclical

4.40%

Consumer Defensive

1.50%

Utilities

1.40%

Energy

1.20%

Basic Materials

0.90%

Real Estate

0.50%

Communication Services

0.10%

Market Cap Distribution

Mega Cap (> $200B)

14.25%

Large Cap ($10B - $200B)

26.13%

Mid Cap ($2B - $10B)

6.09%

Small Cap ($300M - $2B)

2.45%

Micro Cap ($50M - $300M)

0.02%

N/A (ETF or Unknown)

51.06%

Portfolio Concentration

Top 10 Holdings %

37.95%

Top 20 Holdings %

49.93%

Top 50 Holdings %

71.35%

Top 100 Holdings %

87.29%