diff --git a/app/controllers/valuation/budget_investments_controller.rb b/app/controllers/valuation/budget_investments_controller.rb
index bf70d657b..d8b832d47 100644
--- a/app/controllers/valuation/budget_investments_controller.rb
+++ b/app/controllers/valuation/budget_investments_controller.rb
@@ -73,7 +73,9 @@ class Valuation::BudgetInvestmentsController < Valuation::BaseController
     end
 
     def heading_filters
-      investments = @budget.investments.by_valuator(current_user.valuator.try(:id)).distinct
+      investments = @budget.investments.by_valuator(current_user.valuator.try(:id))
+                                       .visible_to_valuators.distinct
+
       investment_headings = Budget::Heading.where(id: investments.pluck(:heading_id).uniq)
                                            .order(name: :asc)
 
diff --git a/spec/features/valuation/budget_investments_spec.rb b/spec/features/valuation/budget_investments_spec.rb
index 5d9b4fa4a..b5b381779 100644
--- a/spec/features/valuation/budget_investments_spec.rb
+++ b/spec/features/valuation/budget_investments_spec.rb
@@ -93,25 +93,25 @@ feature 'Valuation budget investments' do
     valuating_finished_heading = create(:budget_heading, name: "Valuating&Finished", group: group)
     finished_heading = create(:budget_heading, name: "Only Finished", group: group)
     create(:budget_investment, :visible_to_valuators, title: "Valuating Investment ONE",
-                               heading: valuating_heading,
-                               group: group,
-                               budget: budget,
-                               valuators: [valuator])
+                                                      heading: valuating_heading,
+                                                      group: group,
+                                                      budget: budget,
+                                                      valuators: [valuator])
     create(:budget_investment, :visible_to_valuators, title: "Valuating Investment TWO",
-                               heading: valuating_finished_heading,
-                               group: group,
-                               budget: budget,
-                               valuators: [valuator])
-    create(:budget_investment, :finished, :visible_to_valuators, title: "Finished ONE",
-                                          heading: valuating_finished_heading,
-                                          group: group,
-                                          budget: budget,
-                                          valuators: [valuator])
-    create(:budget_investment, :finished, :visible_to_valuators, title: "Finished TWO",
-                                          heading: finished_heading,
-                                          group: group,
-                                          budget: budget,
-                                          valuators: [valuator])
+                                                      heading: valuating_finished_heading,
+                                                      group: group,
+                                                      budget: budget,
+                                                      valuators: [valuator])
+    create(:budget_investment, :visible_to_valuators, :finished, title: "Finished ONE",
+                                                                 heading: valuating_finished_heading,
+                                                                 group: group,
+                                                                 budget: budget,
+                                                                 valuators: [valuator])
+    create(:budget_investment, :visible_to_valuators, :finished, title: "Finished TWO",
+                                                                 heading: finished_heading,
+                                                                 group: group,
+                                                                 budget: budget,
+                                                                 valuators: [valuator])
 
     visit valuation_budget_budget_investments_path(budget)