Heffernan Advisory

FLAGSTAFF, AZfiles as HEFFERNAN ADVISORY, INC

$120m in 43 US stocks at the end of 30 June 2026. The top 10 are 87.5% of the money. It changed about 6.8% of the portfolio this quarter.

Value

$120m

Stocks

Top 10 share

87.5%

Turnover

6.8%

What changed this quarter

New

Bought for the first time this quarter.

Seagate Technology HoldingsSTX
0.7% of the fund
State STR Spdr S&P 500 ETF TSPY
0.4% of the fund
Vanguard World FDVGT
0.4% of the fund
FlexFLEX
0.3% of the fund
AppleAAPL
0.3% of the fund
Marvell TechnologyMRVL
0.3% of the fund
Dycom IndustriesDY
0.3% of the fund
Applied MaterialsAMAT
0.3% of the fund
Ishares TRIWM
0.2% of the fund
Camden Property TrustCPT
0.2% of the fund
MaxlinearMXL
0.2% of the fund
Ishares TRIWF
0.2% of the fund
CienaCIEN
0.2% of the fund
Micron TechnologyMU
0.2% of the fund
United RentalsURI
0.2% of the fund
Dimensional ETF TrustDFAU
0.2% of the fund
Vivmark ResidentialVMRK
0.2% of the fund
Palo Alto NetworksPANW
0.2% of the fund
AlphabetGOOG
0.2% of the fund

Added

Bought more of a stock they already held.

Dimensional ETF TrustDFAC
10.5% of the fund
+3%
Dimensional ETF TrustDCOR
10.4% of the fund
+3%
Dimensional ETF TrustDFSD
6.5% of the fund
+7%
Dimensional ETF TrustDFIC
5.7% of the fund
+3%
Dimensional ETF TrustDFGX
4.4% of the fund
+6%
Dimensional ETF TrustDFEM
2.7% of the fund
+2%
Dimensional ETF TrustDGCB
2.2% of the fund
+3%
Dimensional ETF TrustDFNM
1.0% of the fund
+4%
Dimensional ETF TrustDFGR
0.5% of the fund
+3%
MastercardMA
0.5% of the fund
+22%
VisaV
0.3% of the fund
+40%
MicrosoftMSFT
0.2% of the fund
+35%

Cut

Sold some of their stake.

Etfis SER TR IUTES
1.3% of the fund
-5%
Alps ETF TRAMLP
0.6% of the fund
-5%

Sold out

Sold their entire stake.

None this quarter.

Holdings

Dimensional ETF TrustDFCF
Share
40.6%
Value
$48m
Shares
1,148,842
Held
Dimensional ETF TrustDFAC
Share
10.5%
Value
$13m
Shares
282,755
+3%
Dimensional ETF TrustDCOR
Share
10.4%
Value
$12m
Shares
151,842
+3%
Dimensional ETF TrustDFSD
Share
6.5%
Value
$8m
Shares
161,760
+7%
Dimensional ETF TrustDFIC
Share
5.7%
Value
$7m
Shares
182,089
+3%
Dimensional ETF TrustDFGX
Share
4.4%
Value
$5m
Shares
97,067
+6%
Legg Mason ETF InvtLVHD
Share
3.3%
Value
$4m
Shares
89,021
Held
Dimensional ETF TrustDFEM
Share
2.7%
Value
$3m
Shares
79,564
+2%
Dimensional ETF TrustDGCB
Share
2.2%
Value
$3m
Shares
48,043
+3%
Etfis SER TR IUTES
Share
1.3%
Value
$2m
Shares
19,146
-5%
Vanguard Index FDSVTI
Share
1.1%
Value
$1m
Shares
3,670
Held
Dimensional ETF TrustDFNM
Share
1.0%
Value
$1m
Shares
25,930
+4%
Seagate Technology HoldingsSTX
Share
0.7%
Value
$868,500
Shares
900
New
Ishares TRIBMQ
Share
0.7%
Value
$847,926
Shares
33,148
Held
Ishares TRIBMP
Share
0.7%
Value
$841,199
Shares
33,092
Held
Ishares TRIBMO
Share
0.7%
Value
$837,508
Shares
32,664
Held
Alps ETF TRAMLP
Share
0.6%
Value
$774,017
Shares
14,928
-5%
Dimensional ETF TrustDFGR
Share
0.5%
Value
$657,069
Shares
22,681
+3%
MastercardMA
Share
0.5%
Value
$561,878
Shares
1,094
+22%
State STR Spdr S&P 500 ETF TSPY
Share
0.4%
Value
$507,804
Shares
680
New
Vanguard World FDVGT
Share
0.4%
Value
$478,080
Shares
4,000
New
FlexFLEX
Share
0.3%
Value
$405,175
Shares
2,500
New
AppleAAPL
Share
0.3%
Value
$402,789
Shares
1,392
New
VisaV
Share
0.3%
Value
$357,157
Shares
1,041
+40%
Marvell TechnologyMRVL
Share
0.3%
Value
$356,276
Shares
1,196
New
Dycom IndustriesDY
Share
0.3%
Value
$353,913
Shares
700
New
Applied MaterialsAMAT
Share
0.3%
Value
$347,040
Shares
480
New
MicrosoftMSFT
Share
0.2%
Value
$284,987
Shares
764
+35%
Dimensional ETF TrustDFAT
Share
0.2%
Value
$281,623
Shares
4,029
Held
Ishares TRIWM
Share
0.2%
Value
$270,405
Shares
900
New
Old Republic InternationalORI
Share
0.2%
Value
$266,348
Shares
6,509
Held
Camden Property TrustCPT
Share
0.2%
Value
$259,205
Shares
2,264
New
MaxlinearMXL
Share
0.2%
Value
$256,060
Shares
2,000
New
Ishares TRIWF
Share
0.2%
Value
$248,340
Shares
2,000
New
CienaCIEN
Share
0.2%
Value
$245,280
Shares
500
New
Micron TechnologyMU
Share
0.2%
Value
$230,858
Shares
200
New
Vanguard World FDMGV
Share
0.2%
Value
$229,098
Shares
1,402
Held
United RentalsURI
Share
0.2%
Value
$226,578
Shares
200
New
Dimensional ETF TrustDFAU
Share
0.2%
Value
$226,119
Shares
4,375
New
Vivmark ResidentialVMRK
Share
0.2%
Value
$215,949
Shares
3,179
New
Palo Alto NetworksPANW
Share
0.2%
Value
$204,612
Shares
600
New
AlphabetGOOG
Share
0.2%
Value
$202,811
Shares
574
New
Global Net LeaseGNL
Share
<0.1%
Value
$115,290
Shares
12,896
Held

Company	Share of fund	Value	Shares	Change
Dimensional ETF TrustDFCF	40.6%	$48m	1,148,842	Held
Dimensional ETF TrustDFAC	10.5%	$13m	282,755	+3%
Dimensional ETF TrustDCOR	10.4%	$12m	151,842	+3%
Dimensional ETF TrustDFSD	6.5%	$8m	161,760	+7%
Dimensional ETF TrustDFIC	5.7%	$7m	182,089	+3%
Dimensional ETF TrustDFGX	4.4%	$5m	97,067	+6%
Legg Mason ETF InvtLVHD	3.3%	$4m	89,021	Held
Dimensional ETF TrustDFEM	2.7%	$3m	79,564	+2%
Dimensional ETF TrustDGCB	2.2%	$3m	48,043	+3%
Etfis SER TR IUTES	1.3%	$2m	19,146	-5%
Vanguard Index FDSVTI	1.1%	$1m	3,670	Held
Dimensional ETF TrustDFNM	1.0%	$1m	25,930	+4%
Seagate Technology HoldingsSTX	0.7%	$868,500	900	New
Ishares TRIBMQ	0.7%	$847,926	33,148	Held
Ishares TRIBMP	0.7%	$841,199	33,092	Held
Ishares TRIBMO	0.7%	$837,508	32,664	Held
Alps ETF TRAMLP	0.6%	$774,017	14,928	-5%
Dimensional ETF TrustDFGR	0.5%	$657,069	22,681	+3%
MastercardMA	0.5%	$561,878	1,094	+22%
State STR Spdr S&P 500 ETF TSPY	0.4%	$507,804	680	New
Vanguard World FDVGT	0.4%	$478,080	4,000	New
FlexFLEX	0.3%	$405,175	2,500	New
AppleAAPL	0.3%	$402,789	1,392	New
VisaV	0.3%	$357,157	1,041	+40%
Marvell TechnologyMRVL	0.3%	$356,276	1,196	New
Dycom IndustriesDY	0.3%	$353,913	700	New
Applied MaterialsAMAT	0.3%	$347,040	480	New
MicrosoftMSFT	0.2%	$284,987	764	+35%
Dimensional ETF TrustDFAT	0.2%	$281,623	4,029	Held
Ishares TRIWM	0.2%	$270,405	900	New
Old Republic InternationalORI	0.2%	$266,348	6,509	Held
Camden Property TrustCPT	0.2%	$259,205	2,264	New
MaxlinearMXL	0.2%	$256,060	2,000	New
Ishares TRIWF	0.2%	$248,340	2,000	New
CienaCIEN	0.2%	$245,280	500	New
Micron TechnologyMU	0.2%	$230,858	200	New
Vanguard World FDMGV	0.2%	$229,098	1,402	Held
United RentalsURI	0.2%	$226,578	200	New
Dimensional ETF TrustDFAU	0.2%	$226,119	4,375	New
Vivmark ResidentialVMRK	0.2%	$215,949	3,179	New
Palo Alto NetworksPANW	0.2%	$204,612	600	New
AlphabetGOOG	0.2%	$202,811	574	New
Global Net LeaseGNL	<0.1%	$115,290	12,896	Held

Over time and by industry

Value over time

Dec '25

Jun '26

Value is up 14.4% since 31 December 2025.

Where the money is

Technology3.0%

Financial services1.0%

Real estate0.5%

Industrials0.5%

Media & telecom0.2%

Other94.8%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.