# HEADINVEST, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1372130. Source: https://holderbook.com/funds/1372130-headinvest-llc/

- Reported value: $536.2M
- Positions: 217
- Weight of the ten largest: 29.5%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $33.7M | 227,212 | 6.3% | 31 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $16.9M | 49,037 | 3.1% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $16.6M | 44,922 | 3.1% | 31 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $16.2M | 102,583 | 3.0% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $15.8M | 42,470 | 3.0% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $14.3M | 40,025 | 2.7% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $12.9M | 181,699 | 2.4% | 31 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $11.0M | 217,994 | 2.1% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $10.6M | 36,593 | 2.0% | 31 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $10.0M | 128,262 | 1.9% | 23 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $9.3M | 115,878 | 1.7% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $8.9M | 107,629 | 1.7% | 23 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $8.8M | 26,077 | 1.6% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $8.4M | 28,193 | 1.6% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $8.3M | 34,989 | 1.5% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $8.2M | 22,283 | 1.5% | 28 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $8.2M | 69,417 | 1.5% | 31 |
| ISHARES TR | [DSI](https://holderbook.com/stocks/DSI/) | $7.8M | 54,789 | 1.5% | 28 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $7.4M | 51,917 | 1.4% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $7.0M | 62,000 | 1.3% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $6.8M | 70,583 | 1.3% | 13 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $6.5M | 21,517 | 1.2% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $6.4M | 19,554 | 1.2% | 31 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $6.4M | 16,932 | 1.2% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $6.2M | 103,168 | 1.1% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $6.1M | 11,709 | 1.1% | 14 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $6.0M | 25,297 | 1.1% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $5.9M | 31,121 | 1.1% | 31 |
| JANUS DETROIT STR TR | [JMBS](https://holderbook.com/stocks/JMBS/) | $5.7M | 126,321 | 1.1% | 4 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $5.3M | 36,390 | 1.0% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.3M | 26,497 | 1.0% | 28 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $5.1M | 60,667 | 0.9% | 12 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $4.7M | 31,910 | 0.9% | 31 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $4.6M | 50,111 | 0.9% | 14 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $4.6M | 33,876 | 0.9% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $4.6M | 59,066 | 0.8% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.4M | 26,317 | 0.8% | 31 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $4.2M | 88,590 | 0.8% | 31 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $4.2M | 41,992 | 0.8% | 15 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $4.2M | 6,103 | 0.8% | 31 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $4.1M | 128,178 | 0.8% | 28 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $3.8M | 120,168 | 0.7% | 31 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $3.8M | 63,608 | 0.7% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $3.8M | 11,111 | 0.7% | 24 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $3.7M | 47,247 | 0.7% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $3.6M | 43,660 | 0.7% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $3.5M | 8,228 | 0.7% | 31 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $3.5M | 6,578 | 0.6% | 31 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $3.3M | 12,463 | 0.6% | 31 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $3.2M | 11,544 | 0.6% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $3.2M | 10,540 | 0.6% | 21 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $3.1M | 24,789 | 0.6% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $2.9M | 19,336 | 0.5% | 25 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.8M | 7,997 | 0.5% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $2.8M | 35,459 | 0.5% | 23 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $2.7M | 32,529 | 0.5% | 12 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $2.6M | 2,293 | 0.5% | 4 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $2.6M | 45,600 | 0.5% | 8 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.5M | 4,913 | 0.5% | 29 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.5M | 4,328 | 0.5% | 18 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.5M | 6,549 | 0.5% | 15 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $2.4M | 15,391 | 0.4% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.3M | 9,300 | 0.4% | 31 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $2.3M | 45,436 | 0.4% | 20 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $2.2M | 26,990 | 0.4% | 23 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.1M | 3,804 | 0.4% | 14 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.1M | 4,218 | 0.4% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.1M | 2,743 | 0.4% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.0M | 1,634 | 0.4% | 21 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.9M | 26,377 | 0.4% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.9M | 14,769 | 0.4% | 31 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $1.9M | 6,305 | 0.4% | 22 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.8M | 7,126 | 0.3% | 31 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $1.8M | 29,429 | 0.3% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.8M | 2,373 | 0.3% | 31 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $1.8M | 30,414 | 0.3% | 23 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $1.7M | 50,441 | 0.3% | 19 |
| GOLDMAN SACHS ETF TR | [JUST](https://holderbook.com/stocks/JUST/) | $1.6M | 14,679 | 0.3% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.6M | 4,546 | 0.3% | 31 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $1.5M | 30,988 | 0.3% | 31 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $1.5M | 6,739 | 0.3% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $1.5M | 6,739 | 0.3% | 1 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.5M | 16,882 | 0.3% | 31 |
| VANGUARD INSTL INDEX FD | [VBIL](https://holderbook.com/stocks/VBIL/) | $1.4M | 19,064 | 0.3% | 2 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.4M | 5,245 | 0.3% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.4M | 5,040 | 0.3% | 31 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $1.4M | 707 | 0.3% | 7 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.4M | 15,587 | 0.3% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.4M | 1,163 | 0.3% | 8 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.3M | 3,578 | 0.2% | 21 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $1.2M | 16,782 | 0.2% | 25 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $1.2M | 7,651 | 0.2% | 10 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $1.2M | 29,170 | 0.2% | 12 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $1.2M | 2,316 | 0.2% | 24 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $1.2M | 2,332 | 0.2% | 23 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.2M | 14,181 | 0.2% | 31 |
| ISHARES TR | [IGOV](https://holderbook.com/stocks/IGOV/) | $1.1M | 28,000 | 0.2% | 2 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.1M | 10,445 | 0.2% | 31 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $1.1M | 2,858 | 0.2% | 8 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.1M | 5,647 | 0.2% | 25 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.8% | +14.8% | -6.0% | 100% |
| Q1 2026 | -3.4% | -4.6% | +1.2% | 100% |
| Q4 2025 | +0.9% | +2.4% | -1.4% | 100% |
| Q3 2025 | +3.3% | +7.8% | -4.5% | 100% |
| Q2 2025 | +6.1% | +10.5% | -4.3% | 100% |
| Q1 2025 | -2.4% | -4.6% | +2.2% | 100% |
| Q4 2024 | -2.0% | +2.1% | -4.1% | 100% |
| Q3 2024 | +5.7% | +5.4% | +0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $536.2M | 217 |
| Q1 2026 | $487.5M | 225 |
| Q4 2025 | $502.8M | 215 |
| Q3 2025 | $483.7M | 211 |
| Q2 2025 | $469.4M | 206 |
| Q1 2025 | $514.3M | 235 |
| Q4 2024 | $529.9M | 231 |
| Q3 2024 | $540.4M | 240 |
| Q2 2024 | $507.8M | 225 |
| Q1 2024 | $512.4M | 235 |
| Q4 2023 | $480.8M | 230 |
| Q3 2023 | $460.4M | 750 |