13F
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Heartwood Wealth Advisors LLC

13F equity value
$1.1B
Positions
223
Top 10 concentration
47.1%
Quarters / total new picks
20 / 456
13F equity value over time
$0M$573M$1B20192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 20 quarters, returned -0.1% per quarter — versus +3.5% per quarter from simply owning every 13F stock. It beat that baseline in only 30.0% of quarters (excess t = -1.23, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-2.2%
t-stat
-1.23
Quarterly win rate
30%
Annualized excess
-14.7%
$1 → follow vs universe
$0.93 vs $1.85
Cumulative return: $1 invested in new picks vs universe
1.00 20200930: universe 1.22620201231: universe 1.28220210331: universe 1.29420210630: universe 1.39720211231: universe 1.18920220331: universe 1.27720220630: universe 1.18320220930: universe 1.27120221231: universe 1.18020230331: universe 1.24320230630: universe 1.19920230930: universe 1.36120231231: universe 1.42220240331: universe 1.45420240630: universe 1.58620240930: universe 1.57220241231: universe 1.46720250331: universe 1.59920250630: universe 1.65020250930: universe 1.855 20200930: follow 1.01020201231: follow 0.92220210331: follow 0.96620210630: follow 0.94220211231: follow 0.79920220331: follow 0.83220220630: follow 0.78620220930: follow 0.81220221231: follow 0.84120230331: follow 0.88020230630: follow 0.91020230930: follow 0.87720231231: follow 0.91820240331: follow 0.92820240630: follow 0.99620240930: follow 0.91320241231: follow 0.76620250331: follow 0.85120250630: follow 0.84720250930: follow 0.926 0.70 1.35 2.00 202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 223 · 2026 Q1

Ticker Value Weight QoQ
VV $109M
9.5%
HOLD
VB $97M
8.5%
ADD
VEA $53M
4.7%
TRIM
SCHE $48M
4.2%
TRIM
VONE $43M
3.8%
ADD
VO $43M
3.7%
ADD
RDIV $41M
3.6%
HOLD
VYM $40M
3.5%
HOLD
GDXJ $36M
3.1%
TRIM
AGG $30M
2.6%
ADD
SPTS $29M
2.6%
ADD
IBTI $29M
2.5%
NEW
IJS $28M
2.5%
ADD
IJT $27M
2.4%
ADD
VTEB $23M
2.0%
ADD
GMUB $23M
2.0%
NEW
VTV $22M
1.9%
HOLD
GTEK $22M
1.9%
TRIM
URA $21M
1.8%
TRIM
TIP $20M
1.7%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

APDBGCHHDDGRODGRWEFGENBEWXFTCSGEVIBTIIBTJIBTKIVVLLYNKENOCNVOSCHHSUSATGTVEUVIGVTESXMPT

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.