Heritage Way Advisors 13F annual report
Heritage Way Advisors is an investment fund managing more than $241 million ran by Joan Ollmann. There are currently 68 companies in Mrs. Ollmann’s portfolio. The largest investments include Ishares Core S&p 500 Etf and Vanguard Ftse Developed Markets Etf, together worth $61.8 million.
$241 million Assets Under Management (AUM)
As of 8th October 2021, Heritage Way Advisors’s top holding is 112,178 shares of Ishares Core S&p 500 Etf currently worth over $48.3 million and making up 20.1% of the portfolio value.
In addition, the fund holds 266,674 shares of Vanguard Ftse Developed Markets Etf worth $13.5 million.
The third-largest holding is Schwab Us Large-cap Etf worth $7.47 million and the next is Microsoft worth $6.69 million, with 23,712 shares owned.
Currently, Heritage Way Advisors's portfolio is worth at least $241 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Heritage Way Advisors
The Heritage Way Advisors office and employees reside in Rockford, Illinois. According to the last 13-F report filed with the SEC, Joan Ollmann serves as the Vice President & Chief Compliance Officer at Heritage Way Advisors.
Recent trades
In the most recent 13F filing, Heritage Way Advisors revealed that it had opened a new position in
State Street and bought 22,406 shares worth $1.9 million.
This means they effectively own approximately 0.1% of the company.
State Street makes up
18.6%
of the fund's Finance sector allocation and has grown its share price by 37.0% in the past year.
The investment fund also strengthened its position in Ishares Core S&p 500 Etf by buying
213 additional shares.
This makes their stake in Ishares Core S&p 500 Etf total 112,178 shares worth $48.3 million.
On the other hand, there are companies that Heritage Way Advisors is getting rid of from its portfolio.
Heritage Way Advisors closed its position in Merck Co Inc on 15th October 2021.
It sold the previously owned 27,277 shares for $2.12 million.
Joan Ollmann also disclosed a decreased stake in Schwab Us Large-cap Etf by approximately 0.1%.
This leaves the value of the investment at $7.47 million and 71,815 shares.
One of the smallest hedge funds
The two most similar investment funds to Heritage Way Advisors are Tealwood Asset Management Inc and Platform Technology Partners. They manage $241 million and $241 million respectively.
Joan Ollmann investment strategy
Heritage Way Advisors’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Industrials — making up 11.5% of
the total portfolio value.
The fund focuses on investments in the United States as
54.4% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
54% of the total holdings value.
On the other hand, small-cap stocks make up only 1.5% of the portfolio.
The average market cap of the portfolio companies is close to $214 billion.
The complete list of Heritage Way Advisors trades based on 13F SEC filings
These positions were updated on October 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Ishares Core S&p 500 Etf |
0.19%
112,178
|
$48,329,000 | 20.08% |
| Vanguard Ftse Developed Markets Etf |
4.66%
266,674
|
$13,464,000 | 5.59% |
| Schwab Us Large-cap Etf |
1.08%
71,815
|
$7,471,000 | 3.10% |
| Microsoft Corporation |
2.05%
23,712
|
$6,685,000 | 2.78% |
| Ishares Core Sp Mid-cap Etf |
5.20%
23,399
|
$6,156,000 | 2.56% |
| Ishares Core Sp Small-cap Etf |
6.69%
55,376
|
$6,047,000 | 2.51% |
| Blackrock Inc. |
0.36%
6,132
|
$5,143,000 | 2.14% |
| T. Rowe Price Group Inc |
0.63%
24,931
|
$4,904,000 | 2.04% |
| Nike Inc B |
0.45%
31,998
|
$4,647,000 | 1.93% |
| United Parcel Service, Inc. |
3.98%
25,486
|
$4,641,000 | 1.93% |
| Vanguard Ftse All-world Ex-us Small-cap Etf |
6.32%
33,708
|
$4,506,000 | 1.87% |
| Home Depot, Inc. |
0.27%
13,609
|
$4,467,000 | 1.86% |
| Accenture Plc A |
0.30%
13,954
|
$4,464,000 | 1.85% |
| Oracle Corp. |
0.45%
46,712
|
$4,070,000 | 1.69% |
| Norfolk Southern Corp. |
0.33%
16,680
|
$3,991,000 | 1.66% |
| Vanguard Ftse Emerging Markets Etf |
6.81%
79,553
|
$3,978,000 | 1.65% |
| Abbott Laboratories |
2.22%
33,323
|
$3,936,000 | 1.64% |
| Equifax, Inc. |
0.36%
14,997
|
$3,801,000 | 1.58% |
| Abbvie Inc |
0.26%
34,209
|
$3,690,000 | 1.53% |
| Jpmorgan Chase Co |
0.17%
22,434
|
$3,672,000 | 1.53% |
| Johnson Johnson |
0.45%
21,823
|
$3,524,000 | 1.46% |
| Hershey Company |
0.11%
20,631
|
$3,492,000 | 1.45% |
| Walt Disney Co (The) |
0.06%
20,141
|
$3,407,000 | 1.42% |
| Pepsico Inc |
0.88%
22,157
|
$3,333,000 | 1.38% |
| Genuine Parts Co. |
0.02%
26,812
|
$3,250,000 | 1.35% |
| Eastman Chemical Co |
1.28%
32,081
|
$3,232,000 | 1.34% |
| Honeywell International Inc |
0.02%
14,937
|
$3,171,000 | 1.32% |
| Starbucks Corp. |
0.95%
28,358
|
$3,128,000 | 1.30% |
| Comcast Corp Class A |
0.59%
55,777
|
$3,120,000 | 1.30% |
| Cisco Systems, Inc. |
0.01%
56,451
|
$3,073,000 | 1.28% |
| Automatic Data Processing Inc. |
1.28%
15,120
|
$3,023,000 | 1.26% |
| Northern Trust Corp. |
0.09%
26,980
|
$2,909,000 | 1.21% |
| Novartis AG |
0.47%
35,132
|
$2,873,000 | 1.19% |
| Unitedhealth Group Inc |
0.10%
7,185
|
$2,807,000 | 1.17% |
| Coca-Cola Co |
0.29%
51,697
|
$2,713,000 | 1.13% |
| 3M Co. |
0.01%
15,424
|
$2,706,000 | 1.12% |
| Medtronic Plc F |
0.19%
21,455
|
$2,689,000 | 1.12% |
| Analog Devices Inc. |
0.03%
15,735
|
$2,635,000 | 1.09% |
| Mcdonald's Corp |
0.17%
10,902
|
$2,629,000 | 1.09% |
| Allegion plc |
0.26%
19,414
|
$2,566,000 | 1.07% |
| Intel Corp. |
0.88%
47,805
|
$2,547,000 | 1.06% |
| Enbridge Inc |
0.14%
61,376
|
$2,443,000 | 1.01% |
| Colgate-Palmolive Co. |
0.80%
32,227
|
$2,436,000 | 1.01% |
| Vanguard Total Stock Market Etf |
No change
10,813
|
$2,401,000 | 1.00% |
| Northrop Grumman Corp. |
8.48%
6,640
|
$2,391,000 | 0.99% |
| Air Products Chemicals Inc |
0.45%
9,203
|
$2,357,000 | 0.98% |
| Chevron Corp. |
4.41%
21,975
|
$2,229,000 | 0.93% |
| Merck Co Inc |
Closed
27,277
|
$2,121,000 | |
| Flexshares Quality Dividend Defensive Index Etf |
12.11%
39,000
|
$2,073,000 | 0.86% |
| Schwab International Equity Etf |
2.36%
50,285
|
$1,946,000 | 0.81% |
| State Street Corp. |
Opened
22,406
|
$1,898,000 | 0.79% |
| Schwab Us Small-cap Etf |
4.11%
10,696
|
$1,071,000 | 0.44% |
| Apple Inc |
1.77%
7,491
|
$1,060,000 | 0.44% |
| Schwab Us Mid-cap Etf |
4.06%
11,172
|
$856,000 | 0.36% |
| Vanguard Total International Stock Etf |
No change
10,648
|
$674,000 | 0.28% |
| Schwab International Small-cap Eq Etf |
1.60%
14,818
|
$615,000 | 0.26% |
| Schwab Emerging Markets Equity Etf |
6.12%
19,301
|
$588,000 | 0.24% |
| Ishares Russell 1000 Growth Etf |
6.91%
2,101
|
$576,000 | 0.24% |
| Snap-on, Inc. |
0.04%
2,683
|
$561,000 | 0.23% |
| Carrier Global Corporation |
No change
10,000
|
$518,000 | 0.22% |
| PLx Pharma Inc. |
26.47%
25,000
|
$483,000 | 0.20% |
| Spdr Sp 500 Etf |
41.22%
1,069
|
$459,000 | 0.19% |
| Berkshire Hathaway Inc B |
No change
1,568
|
$428,000 | 0.18% |
| Exxon Mobil Corp. |
0.03%
6,210
|
$365,000 | 0.15% |
| Otis Worldwide Corporation |
No change
4,000
|
$329,000 | 0.14% |
| Corteva Inc |
No change
7,000
|
$295,000 | 0.12% |
| Philip Morris International Inc |
No change
3,080
|
$292,000 | 0.12% |
| Synovus Financial Corp. |
No change
6,000
|
$263,000 | 0.11% |
| iShares ESG MSCI EM ETF |
Closed
5,714
|
$258,000 | |
| Intuitive Surgical Inc |
No change
225
|
$224,000 | 0.09% |
| No transactions found | |||
| Showing first 500 out of 70 holdings | |||
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