SEC 13F Intelligence

Managers / Q1 2019 · view latest →

HERITAGE INVESTORS MANAGEMENT CORP

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

Reported Value
$1.7B
Q1 2019
Positions
206
Filings on Record
29
2019–present window
Filed
Apr 9, 2019
original filing

Summary

Heritage Investors Management Corp reported $1.7B in U.S.-listed holdings across 206 positions for Q1 2019.

Its largest position, AAPL, represents 3.3% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+23.5%
share of reported value
Largest Position
+3.3%
Apple

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
Q1 ’19: $1.7BQ1 ’19Q2 ’19: $1.7BQ3 ’19: $1.8BQ4 ’19: $1.9BQ1 ’20: $1.4BQ1 ’20Q2 ’20: $1.7BQ3 ’20: $1.9BQ4 ’20: $2.1BQ1 ’21: $2.3BQ1 ’21Q2 ’21: $2.4BQ3 ’21: $2.4BQ4 ’21: $2.6BQ1 ’22: $2.5BQ1 ’22Q2 ’22: $2.1BQ3 ’22: $2.0BQ4 ’22: $2.2BQ1 ’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: 88.2%ETP: 7.3%Other: 1.8%REIT: 1.4%ADR: 1.4%
  • Common Stock · 88.2% · $1.5B
  • ETP · 7.3% · $122M
  • Other · 1.8% · $31M
  • REIT · 1.4% · $23M
  • ADR · 1.4% · $23M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
AAPLAPPLE INCNEW+287.9K287.9K+$55M$55M
MSFTMICROSOFT CORPNEW+391.3K391.3K+$46M$46M
MAMASTERCARD INCNEW+175.8K175.8K+$41M$41M
CSCOCISCO SYSTEMS INCNEW+681.0K681.0K+$37M$37M
MARMARRIOTT INTL INC NEWNEW+280.7K280.7K+$35M$35M
INTCINTEL CORPNEW+636.3K636.3K+$34M$34M
MDYSPDR S&P MIDCAP 400 ETF TRNEW+92.7K92.7K+$32M$32M
BABOEING CONEW+80.1K80.1K+$31M$31M

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

Holdings — Q1 2019

192 positions (from 206 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM3.26%$55M287.9K
2GOOGALPHABET INCCL C · CL A3.17%$53M45.3K
3MSFTMICROSOFT CORPhistory →COM2.75%$46M391.3K
4MAMASTERCARD INChistory →CL A2.46%$41M175.8K
5CSCOCISCO SYSTEMS INChistory →COM2.19%$37M681.0K
6MARMARRIOTT INTL INC NEWhistory →CL A2.09%$35M280.7K
7INTCINTEL CORPhistory →COM2.03%$34M636.3K
8MDYSPDR S&P MIDCAP 400 ETF TRhistory →UT1.91%$32M92.7K
9VBVANGUARD INDEX FUNDSSMALL CP ETF · MID CAP ETF · S&P 500 ETF SHS · TOTAL STK MKT1.85%$31M200.7K
10BABOEING COhistory →COM1.82%$31M80.1K
11HDHOME DEPOT INChistory →COM1.68%$28M146.6K
12DISDISNEY WALT COhistory →COM1.63%$27M246.8K
13CATCATERPILLAR INChistory →COM1.59%$27M197.1K
14MCDMCDONALDS CORPhistory →COM1.57%$26M138.7K
15AXPAMERICAN EXPRESS COhistory →COM1.57%$26M240.7K
16JPMJPMORGAN CHASE & COhistory →COM1.52%$26M252.4K
17EFAISHARESMSCI EAFE ETF · RUSSELL 2000 ETF · CORE MSCI EMKT · MSCI EMG MKT ETF · RUS MID-CAP ETF · IBOXX INV CP ETF · CORE S&P500 ETF1.49%$25M377.6K
18JNJJOHNSON & JOHNSONhistory →COM1.47%$25M176.7K
19NKENIKE INChistory →CL B1.39%$23M277.9K
20VZVERIZON COMMUNICATIONS INChistory →COM1.39%$23M393.7K
21UTXZUNITED TECHNOLOGIES CORPhistory →COM1.35%$23M175.8K
22ZTSZOETIS INChistory →COM1.34%$23M223.8K
23WMTWAL-MART STORES INChistory →COM1.31%$22M225.6K
24TROWPRICE T ROWE GROUP INChistory →COM1.24%$21M207.8K
25MLMMARTIN MARIETTA MATLS INChistory →COM1.20%$20M100.4K
26MRKMERCK & CO INChistory →COM1.20%$20M241.5K
27AVGOBROADCOM INC.history →SHS1.18%$20M65.7K
28PEPPEPSICO INChistory →COM1.15%$19M157.0K
29AMGNAMGEN INChistory →COM1.13%$19M99.8K
30TAT&T INChistory →COM1.10%$18M588.2K
31STZCONSTELLATION BRANDS INChistory →CL A1.09%$18M104.5K
32YUMCYUM CHINA HLDGS INChistory →COM1.04%$17M388.5K
33EXMOCEXXON MOBIL CORPhistory →COM1.04%$17M215.8K
34CVXCHEVRON CORPhistory →COM1.03%$17M140.3K
35DOWDUPONT INCCOM1.03%$17M323.9K
36PFEPFIZER INChistory →COM1.02%$17M405.2K
37YUMYUM! BRANDS INChistory →COM1.02%$17M171.7K
38BACBANK OF AMERICA CORPhistory →COM1.02%$17M619.7K
39PCARPACCAR INChistory →COM1.01%$17M249.2K
40CSXCSX CORPhistory →COM1.01%$17M225.8K
41SYFSYNCHRONY FINANCIALhistory →COM0.98%$16M516.4K
42ZBHZIMMER BIOMET HLDGS INChistory →COM0.96%$16M126.4K
43IBMINTERNATIONAL BUSINESS MACHShistory →COM0.89%$15M106.2K
44KOCOCA COLA COhistory →COM0.89%$15M318.5K
45VEUVANGUARD INTL EQUITY INDEX FDALLWRLD EX US · FTSE EMR MKT ETF0.88%$15M312.9K
46PANWPALO ALTO NETWORKS INChistory →COM0.85%$14M58.7K
47UNHUNITEDHEALTH GROUP INChistory →COM0.85%$14M57.6K
48COPCONOCOPHILLIPShistory →COM0.84%$14M212.6K
49BLACKROCK INCCOM0.83%$14M32.7K
50ADPAUTOMATIC DATA PROCESSING INChistory →COM0.83%$14M87.0K
51FDXFEDEX CORPhistory →COM0.79%$13M73.6K
52GSGOLDMAN SACHS GROUP INChistory →COM0.77%$13M67.1K
53IEFAISHARES TRCORE MSCI EAFE · CORE S&P SCP ETF · CORE S&P MCP ETF0.76%$13M192.0K
54CCITIGROUP INChistory →COM0.76%$13M204.2K
55MOALTRIA GROUP INChistory →COM0.75%$13M220.6K
56PGPROCTER & GAMBLE COhistory →COM0.74%$12M118.8K
57PMPHILIP MORRIS INTL INChistory →COM0.71%$12M134.8K
58APDAIR PRODS & CHEMS INChistory →COM0.70%$12M61.4K
59NSCNORFOLK SOUTHERN CORPhistory →COM0.68%$11M61.2K
60AMTAMERICAN TOWER CORPhistory →COM0.68%$11M58.0K
61UPSUNITED PARCEL SERVICE INChistory →CL B0.66%$11M99.2K
62CMCSACOMCAST CORPhistory →CL A0.65%$11M274.9K
63HONHONEYWELL INTERNATIONAL INChistory →COM0.63%$11M67.1K
64EQIXEQUINIX INChistory →COM0.63%$11M23.2K
65MSMORGAN STANLEYhistory →COM0.62%$10M246.3K
66COFCAPITAL ONE FINANCIAL CORPhistory →COM0.61%$10M126.3K
67ADMARCHER DANIELS MIDLAND COhistory →COM0.60%$10M234.5K
68MMM3M COCOM0.59%$10M48.0K
69WFCWELLS FARGO & COCOM0.58%$10M200.9K
70TMOTHERMO FISHER SCIENTIFIC INCCOM0.55%$9M33.8K
71SLBSCHLUMBERGER LTDCOM0.53%$9M202.6K
72LMTLOCKHEED MARTIN CORPCOM0.51%$9M28.4K
73PSXPHILLIPS 66COM0.47%$8M82.8K
74LINDE PLCCOM0.46%$8M44.3K
75ROYAL DUTCH SHELL PLCSPONS ADR A · SPON ADR B0.46%$8M124.1K
76FLRFLUOR CORPCOM0.45%$8M204.1K
77MCKMCKESSON CORPCOM0.43%$7M62.3K
78ABBVABBVIE INCCOM0.42%$7M88.5K
79TMTOYOTA MOTOR CORPSPON ADR0.42%$7M59.6K
80WBAWALGREENS BOOTS ALLIANCE INCCOM0.40%$7M106.5K
81ELANELANCO ANIMAL HEALTH INCCOM0.39%$7M205.5K
82METAFACEBOOK INCCL A0.37%$6M37.3K
83AMZNAMAZON.COM INCCOM0.36%$6M3.4K
84UNPUNION PACIFIC CORPCOM0.36%$6M36.3K
85SLMSLM CORPCOM0.35%$6M595.0K
86BURLBURLINGTON STORES INCCOM0.35%$6M37.4K
87ANADARKO PETROLEUM CORPCOM0.35%$6M128.0K
88HALHALLIBURTON COCOM0.34%$6M194.5K
89CRMSALESFORCE COM INCCOM0.32%$5M34.4K
90MDTMEDTRONIC PLCSHS0.32%$5M58.3K
91HSYHERSHEY COCOM0.31%$5M45.5K
92CMGCHIPOTLE MEXICAN GRILL INCCOM0.31%$5M7.3K
93BMYBRISTOL MYERS SQUIBB COCOM0.29%$5M103.7K
94VERSUM MATLS INCCOM0.29%$5M97.7K
95VVISA INCCOM CL A0.29%$5M31.4K
96CCCHEMOURS COCOM0.28%$5M127.1K
97AERAERCAP HOLDINGS NVSHS0.27%$5M98.4K
98BRK/BBERKSHIRE HATHAWAY INCCL B0.27%$4M22.3K
99RAYTHEON COCOM0.26%$4M23.9K
100ARCONIC INCCOM0.25%$4M220.9K

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 2022$2.2B261Feb 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 ↗

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 ↗.