Heritage Wealth Management, Inc.

RIA/Wealth

Heritage Wealth Management, Inc. is a RIA/Wealth based in Medford, MA led by Brett Stephen Carleton, managing $340.6M across 248 long positions as of Q3 2025 with PG as the largest holding (7% allocation).

PresidentBrett Stephen Carleton

Portfolio Value: $340.6M
Positions: 248
Top Holding: PG at 6.8%
Last Reported: Q3 2025

Address0 Governors Avenue, Suite 34, Medford, MA, 02155, United States

Top Holdings

Largest long holdings in Heritage Wealth Management, Inc.'s portfolio (33.1% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Procter & Gamble PG	Household & Personal Products Consumer Defensive	$23.2M	6.80%	+$5.7M Bought	0.01% 150.8K shares	Q2 2024 Held for 1y 5m
2 Microsoft MSFT	Software - Infrastructure Technology	$18.7M	5.50%	-$403.5K Sold	0.00% 36.1K shares	Q2 2024 Held for 1y 5m
3 Apple AAPL	Consumer Electronics Technology	$18.1M	5.30%	-$391.6K Sold	0.00% 71.0K shares	Q2 2024 Held for 1y 5m
4 U.S. Bancorp USB	Banks - Regional Financial Services	$13.5M	3.96%	-$14.5K Sold	0.02% 278.9K shares	Q2 2024 Held for 1y 5m
5 JPMorgan Chase JPM	Banks - Diversified Financial Services	$9.8M	2.88%	-$214.2K Sold	0.00% 31.1K shares	Q2 2024 Held for 1y 5m
6 Walmart WMT	Discount Stores Consumer Defensive	$7.5M	2.21%	-$96.8K Sold	0.00% 73.1K shares	Q2 2024 Held for 1y 5m
7 Eli Lilly LLY	Drug Manufacturers - General Healthcare	$6.6M	1.92%	-$206.0K Sold	0.00% 8.6K shares	Q2 2024 Held for 1y 5m
8 AbbVie ABBV	Drug Manufacturers - General Healthcare	$5.2M	1.53%	-$55.1K Sold	0.00% 22.5K shares	Q2 2024 Held for 1y 5m
9 Cincinnati Financial CINF	Insurance - Property & Casualty Financial Services	$5.1M	1.51%	—	0.02% 32.5K shares	Q2 2024 Held for 1y 5m
10 Johnson & Johnson JNJ	Drug Manufacturers - General Healthcare	$5.1M	1.49%	-$16.5K Sold	0.00% 27.4K shares	Q2 2024 Held for 1y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Heritage Wealth Management, Inc.'s latest filing

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Market Value

$340.6M

Prior: $309.0M

Q/Q Change

+10.25%

+$31.7M

Net Flows % of MV

+3.35%

Turnover Ratio

3.55%

New Purchases

14 stocks

$3.8M

Added To

51 stocks

+$13.8M

Sold Out Of

8 stocks

$1.9M

Reduced Holdings

94 stocks

-$4.2M

Increased Positions

Position	Shares Δ	Change
1 iShares S&P 500 Growth ETF IVW	New	0 → 3.5K +$417.1K
2 CGHM Capital Group Municipal High-Income CGHM	New	0 → 15.1K +$382.6K
3 Goldman Sachs ActiveBeta U.S. Large Cap Equity GSLC	New	0 → 2.5K +$327.4K
4 EVTR Eaton Vance Total Return Bond EVTR	New	0 → 6.2K +$318.8K
5 Capital Group Core Bond CGCB	New	0 → 11.9K +$317.3K

Decreased Positions

Position	Shares Δ	Change
1 Diamondback Energy FANG	Sold	4.4K → 0 −$599.1K
2 United Parcel Service, Inc. UPS	Sold	4.7K → 0 −$474.8K
3 Boston Scientific BSX	Sold	2.1K → 0 −$225.6K
4 Texas Instruments TXN	Sold	1.1K → 0 −$218.8K
5 SPDR Portfolio Long Term Corporate Bond SPLB	Sold	9.3K → 0 −$208.8K