SEC 13F Intelligence

Managers / Q1 2026

HERITAGE INVESTORS MANAGEMENT CORP

CIK 0000937589 · 7101 WISCONSIN AVENUE STE 950, BETHESDA, MD, 20814 · 3019510440

Reported Value
$3.3B
Q1 2026
Positions
249
Filings on Record
30
2019–present window
Filed
Apr 24, 2026
original filing

Summary

Heritage Investors Management Corp reported $3.3B in U.S.-listed holdings across 249 positions for Q1 2026.

Its largest position, GOOGL, represents 6.6% of the portfolio.

Compared with Q4 2025, the fund opened 10 new positions and exited 6.

Portfolio Metrics

Turnover
+4.4%
vs prior filed quarter
Top-10 Concentration
+34.2%
share of reported value
Largest Position
+6.6%
Alphabet
New / Exited
10 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.5BQ4 ’18Q1 ’19: $1.7BQ2 ’19: $1.7BQ3 ’19: $1.8BQ4 ’19: $1.9BQ4 ’19Q1 ’20: $1.4BQ2 ’20: $1.7BQ3 ’20: $1.9BQ4 ’20: $2.1BQ4 ’20Q1 ’21: $2.3BQ2 ’21: $2.4BQ3 ’21: $2.4BQ4 ’21: $2.6BQ4 ’21Q1 ’22: $2.5BQ2 ’22: $2.1BQ3 ’22: $2.0BQ1 ’23: $2.3BQ1 ’23Q2 ’23: $2.5BQ3 ’23: $2.4BQ4 ’23: $2.6BQ1 ’24: $2.8BQ1 ’24Q2 ’24: $2.9BQ3 ’24: $3.0BQ4 ’24: $3.1BQ1 ’25: $2.9BQ1 ’25Q2 ’25: $3.2BQ3 ’25: $3.3BQ4 ’25: $3.4BQ1 ’26: $3.3BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 92.5%ETP: 5.3%REIT: 1.5%ADR: 0.7%MLP: 0.0%
  • Common Stock · 92.5% · $3.0B
  • ETP · 5.3% · $173M
  • REIT · 1.5% · $50M
  • ADR · 0.7% · $22M
  • MLP · 0.0% · $751,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SOSOUTHERN CONEW+5.2K5.2K+$498,000$498,000
MRSHMARSH & MCLENNAN COS INCNEW+2.5K2.5K+$440,000$440,000
XELXCEL ENERGY INCNEW+5.5K5.5K+$435,000$435,000
WECWEC ENERGY GROUP INCNEW+2.7K2.7K+$308,000$308,000
MUBISHARES TRNEW+2.3K2.3K+$246,000$246,000
GDGENERAL DYNAMICS CORPNEW+685685+$235,000$235,000
TRNTRINITY INDS INCNEW+7.1K7.1K+$228,000$228,000
BCPCBALCHEM CORPNEW+1.3K1.3K+$212,000$212,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

222 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGLALPHABET INCCAP STK CL A · CAP STK CL C6.57%$216M753.1K
2AAPLAPPLE INChistory →COM5.33%$175M691.5K
3AVGOBROADCOM INChistory →COM4.78%$158M509.3K
4MSFTMICROSOFT CORPhistory →COM3.31%$109M294.3K
5PANWPALO ALTO NETWORKS INChistory →COM2.76%$91M566.7K
6NVDANVIDIA CORPORATIONhistory →COM2.59%$85M489.3K
7CATCATERPILLAR INChistory →COM2.50%$82M116.4K
8MARMARRIOTT INTL INC NEWhistory →CL A2.21%$73M222.1K
9AMZNAMAZON COM INChistory →COM2.12%$70M335.0K
10VBVANGUARD INDEX FDSSMALL CP ETF · MID CAP ETF · TOTAL STK MKT · S&P 500 ETF SHS · LARGE CAP ETF1.99%$66M230.8K
11MAMASTERCARD INCORPORATEDhistory →CL A1.96%$65M129.1K
12WMTWALMART INChistory →COM1.80%$59M477.8K
13JPMJPMORGAN CHASE & COhistory →COM1.70%$56M190.5K
14CSCOCISCO SYS INChistory →COM1.50%$49M637.9K
15GSGOLDMAN SACHS GROUP INChistory →COM1.43%$47M55.6K
16AXPAMERICAN EXPRESS COhistory →COM1.42%$47M154.8K
17HDHOME DEPOT INChistory →COM1.41%$46M141.2K
18RTXRTX CORPORATIONhistory →COM1.39%$46M237.5K
19IEFAISHARES TRCORE MSCI EAFE · MSCI EAFE ETF · RUSSELL 2000 ETF · CORE S&P SCP ETF · CORE S&P MCP ETF · MSCI EMG MKT ETF · RUS MID CAP ETF · RUS 2000 GRW ETF · RUS 1000 GRW ETF · SHRT NAT MUN ETF · S&P MC 400VL ETF · ISHS 5-10YR INVT · GL CLEAN ENE ETF · S&P MC 400GR ETF · SP SMCP600VL ETF · ISHS 1-5YR INVS · NATIONAL MUN ETF · CORE S&P500 ETF · S&P SML 600 GWT1.30%$43M447.3K
20JNJJOHNSON & JOHNSONhistory →COM1.24%$41M167.1K
21DISDISNEY WALT COhistory →COM1.22%$40M417.5K
22MRKMERCK & CO INChistory →COM1.21%$40M332.5K
23BLKBLACKROCK INChistory →COM1.17%$39M40.1K
24MSMORGAN STANLEYhistory →COM NEW1.12%$37M223.8K
25CRMSALESFORCE INChistory →COM1.11%$37M196.3K
26MLMMARTIN MARIETTA MATLS INChistory →COM1.11%$37M62.2K
27FDXFEDEX CORPhistory →COM1.10%$36M102.0K
28BACBANK AMERICA CORPhistory →COM1.07%$35M722.1K
29CCITIGROUP INChistory →COM NEW1.01%$33M292.2K
30MCDMCDONALDS CORPhistory →COM0.99%$32M104.5K
31CVXCHEVRON CORPORATIONhistory →COM0.97%$32M153.8K
32MDYSTATE STR SPDR S&P MIDCAP 40history →UTSER1 S&PDCRP0.92%$30M49.2K
33EQIXEQUINIX INChistory →COM0.88%$29M29.7K
34SYFSYNCHRONY FINANCIALhistory →COM0.85%$28M412.2K
35TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.85%$28M57.0K
36COFCAPITAL ONE FINL CORPhistory →COM0.82%$27M147.5K
37COSTCOSTCO WHOLESALE CORPORATIONhistory →COM0.81%$27M26.9K
38COPCONOCOPHILLIPShistory →COM0.80%$26M199.0K
39METAMETA PLATFORMS INChistory →CL A0.75%$25M43.4K
40ZTSZOETIS INChistory →CL A0.75%$25M209.3K
41PEPPEPSICO INChistory →COM0.75%$25M159.3K
42BABOEING COhistory →COM0.67%$22M111.3K
43UNHUNITEDHEALTH GROUP INChistory →COM0.66%$22M80.4K
44CSXCSX CORPhistory →COM0.64%$21M516.4K
45INTCINTEL CORPhistory →COM0.64%$21M476.3K
46NOWSERVICENOW INChistory →COM0.62%$20M195.1K
47KOCOCA COLA COhistory →COM0.61%$20M266.1K
48AMTAMERICAN TOWER CORPhistory →COM0.61%$20M116.8K
49VZVERIZON COMMUNICATIONS INChistory →COM0.61%$20M399.8K
50YUMCYUM CHINA HLDGS INChistory →COM0.60%$20M408.0K
51TAT&T INChistory →COM0.60%$20M684.2K
52AMGNAMGEN INChistory →COM0.58%$19M54.8K
53APDAIR PRODUCTS AND CHEMICALS Ihistory →COM0.58%$19M65.6K
54PCARPACCAR INChistory →COM0.58%$19M164.5K
55IQVIQVIA HLDGS INChistory →COM0.57%$19M109.4K
56VEUVANGUARD INTL EQUITY INDEX FALLWRLD EX US · FTSE EMR MKT ETF0.56%$18M279.9K
57STZCONSTELLATION BRANDS INChistory →CL A0.55%$18M120.4K
58YUMYUM BRANDS INChistory →COM0.54%$18M114.7K
59NKENIKE INChistory →CL B0.53%$18M333.3K
60LMTLOCKHEED MARTIN CORPhistory →COM0.53%$17M28.8K
61MCKMCKESSON CORPhistory →COM0.53%$17M20.0K
62CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.52%$17M538.5K
63LDOSLEIDOS HOLDINGS INChistory →COM0.48%$16M102.3K
64NEENEXTERA ENERGY INChistory →COM0.48%$16M169.2K
65ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.47%$16M78.2K
66HONHONEYWELL INTL INChistory →COM0.47%$15M68.1K
67EXMOCEXXON MOBIL CORPhistory →COM0.46%$15M90.0K
68BURLBURLINGTON STORES INChistory →COM0.46%$15M46.8K
69ADPAUTOMATIC DATA PROCESSING INhistory →COM0.45%$15M73.3K
70ABBVABBVIE INChistory →COM0.44%$14M66.5K
71SLBSLB LIMITEDhistory →COM STK0.43%$14M276.3K
72ADBEADOBE INChistory →COM0.42%$14M57.2K
73PSXPHILLIPS 66history →COM0.41%$14M74.5K
74VVISA INChistory →COM CL A0.41%$13M44.4K
75DDOGDATADOG INChistory →CL A COM0.40%$13M112.7K
76BSXBOSTON SCIENTIFIC CORPhistory →COM0.38%$12M197.2K
77LINLINDE PLChistory →SHS0.38%$12M24.9K
78TROWPRICE T ROWE GROUP INChistory →COM0.37%$12M136.6K
79IBMINTERNATIONAL BUSINESS MACHShistory →COM0.36%$12M48.3K
80ZBHZIMMER BIOMET HOLDINGS INChistory →COM0.35%$11M127.0K
81PGPROCTER & GAMBLE COhistory →COM0.34%$11M78.2K
82AERAERCAP HOLDINGS NVhistory →SHS0.34%$11M80.8K
83PFEPFIZER INChistory →COM0.32%$10M373.0K
84ADMARCHER DANIELS MIDLAND COhistory →COM0.31%$10M138.7K
85LHXL3HARRIS TECHNOLOGIES INCCOM0.30%$10M28.3K
86BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A0.29%$10M18.5K
87MDLZMONDELEZ INTL INCCL A0.29%$9M164.1K
88TMTOYOTA MOTOR CORPADS0.28%$9M45.1K
89LLYELI LILLY & COCOM0.27%$9M9.8K
90NSCNORFOLK SOUTHN CORPCOM0.26%$9M29.7K
91BMYBRISTOL-MYERS SQUIBB COCOM0.25%$8M136.8K
92UNPUNION PAC CORPCOM0.24%$8M33.0K
93QQNITY ELECTRONICS INCCOMMON STOCK0.24%$8M67.6K
94SHELSHELL PLCSPON ADS0.23%$8M81.3K
95CMCSACOMCAST CORP NEWCL A0.23%$8M261.5K
96IEMGISHARES INCCORE MSCI EMKT · MSCI EMERG MRKT0.22%$7M103.9K
97DDDUPONT DE NEMOURS INCCOM0.21%$7M153.6K
98HALHALLIBURTON COCOM0.21%$7M178.6K
99UPSUNITED PARCEL SVCS INCCL B0.21%$7M69.9K
100NFLXNETFLIX INC.COM0.20%$7M69.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$3.3B249Apr 24, 202613F-HRchanges · EDGAR ↗
Q4 2025$3.4B245Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$3.3B251Nov 4, 202513F-HRchanges · EDGAR ↗
Q2 2025$3.2B252Aug 4, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.9B254May 5, 202513F-HRchanges · EDGAR ↗
Q4 2024$3.1B255Feb 5, 202513F-HRchanges · EDGAR ↗
Q3 2024$3.0B254Oct 30, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.9B252Jul 30, 202413F-HRchanges · EDGAR ↗
Q1 2024$2.8B255Apr 29, 202413F-HRchanges · EDGAR ↗
Q4 2023$2.6B248Feb 7, 202413F-HRchanges · EDGAR ↗
Q3 2023$2.4B246Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.5B244Aug 1, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.3B249May 1, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review261Feb 6, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.0B252Oct 27, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.1B256Aug 1, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.5B274May 2, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.6B276Jan 28, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.4B276Oct 28, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.4B267Jul 29, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.3B259Apr 23, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.1B263Jan 28, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.9B260Oct 29, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.7B262Jul 24, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.4B219May 6, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.9B208Jan 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.8B207Oct 18, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.7B212Jul 11, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.7B206Apr 9, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.5B181Jan 28, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.