Heartwood Wealth Buys Big in Mid-Cap, Tech & Consumer Defensive; Sells GTEK

Heartwood Wealth's Q2 Portfolio Shifts

The portfolio managed by Heartwood Wealth Advisors LLC (investor) as of June 30th, 2026, stands at a total value of $1.2 billion.

• Significant buying occurred in large-cap ETFs like VV (+$4 million increase), VB (+$5 million), and SCHX (smaller +$251k).
• The allocation to 'Unknown' sector holdings, which dominate the portfolio at ~92%, saw a slight decrease.

Heartwood's investment strategy appears heavily weighted towards large-cap stocks via VV, now accounting for 10.07% of its assets. The firm also bolstered its exposure to small-cap equities through VB (4.28%) and broad international developed markets with VEA (4.78%).

Turning to specific equity purchases this quarter:

• The investor significantly increased their position in Vanguard's VO Mid-Cap ETF, adding over 316% more shares ($4.99 million value). This is now the second-largest holding.
• Vanguard Growth ETF (VUG) allocation also saw a substantial boost of nearly 500%, equivalent to $20.21 million in new stock value.
• Kimberly-Clark Corp COM was added with considerable conviction, increasing its share count by over 600% ($1.76 million value), now representing just under 0.14% of the portfolio but showing strong interest in consumer defensive stocks.

In addition to these equity moves, Heartwood demonstrated activity in fixed income and sector-specific ETFs:

• They added munie bonds through ISHARES IBONDS (IBMQ & IBMP) and SPDR Nuveen ICE HY MUNI BOND ETF (HYMB), increasing allocations to these areas.
• The allocation to tax-exempt bond fund VTEB was notably increased, now accounting for ~2.02% of assets.
• Several other Vanguard funds were added or significantly increased: SCHWAB Emerging Markets Equity ETF (SCHE) +$5.51M, VANGUARD Tax-Exempt Bond ETF (VTEB) +$2.59M, and others like XMPT and HYMB.

Conversely, Heartwood also made adjustments to existing holdings:

• The allocation to GOLDMAN SACHS Future Tech Leaders ETF (GTEK) was reduced by 20.25%, indicating a shift away from that specific tech theme or underperformance.
• While there were many additions and increases, the data does not disclose any large-scale selling activities during this period for major holdings.

The portfolio's sector allocation remains largely concentrated in 'Unknown' (91.98%), with significant allocations also noted to Technology (~1.75%) and Consumer Defensive (~0.14%).