SEC 13F Intelligence

Managers / Q2 2019 · view latest →

HERITAGE INVESTORS MANAGEMENT CORP

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

Reported Value
$1.7B
Q2 2019
Positions
212
Filings on Record
30
2019–present window
Filed
Jul 11, 2019
original filing

Summary

Heritage Investors Management Corp reported $1.7B in U.S.-listed holdings across 212 positions for Q2 2019.

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

Compared with Q1 2019, the fund opened 15 new positions and exited 9.

Portfolio Metrics

Turnover
+3.2%
vs prior filed quarter
Top-10 Concentration
+23.4%
share of reported value
Largest Position
+3.3%
Apple
New / Exited
15 / 9
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: $2.0BQ4 ’22: $2.2BQ4 ’22Q1 ’23: $2.3BQ2 ’23: $2.5BQ3 ’23: $2.4BQ4 ’23: $2.6BQ4 ’23Q1 ’24: $2.8BQ2 ’24: $2.9BQ3 ’24: $3.0BQ4 ’24: $3.1BQ4 ’24Q1 ’25: $2.9BQ2 ’25: $3.2BQ3 ’25: $3.3BQ4 ’25: $3.4BQ4 ’25Q1 ’26: $3.3Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 89.2%ETP: 7.2%REIT: 1.4%ADR: 1.4%Other: 0.8%
  • Common Stock · 89.2% · $1.6B
  • ETP · 7.2% · $125M
  • REIT · 1.4% · $24M
  • ADR · 1.4% · $24M
  • Other · 0.8% · $15M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DDDUPONT DE NEMOURS INCNEW+107.8K107.8K+$8M$8M
DOWDOW INCNEW+108.0K108.0K+$5M$5M
IAC INTERACTIVECORPNEW+15.1K15.1K+$3M$3M
CTVACORTEVA INCNEW+107.8K107.8K+$3M$3M
SPLUNK INCNEW+7.3K7.3K+$913,000$913,000
GOVTISHARES TRNEW+18.1K18.1K+$468,000$468,000
VEAVANGUARD INTL EQUITY INDEX FDNEW+9.9K9.9K+$415,000$415,000
VVVANGUARD INDEX FUNDSNEW+2.8K2.8K+$379,000$379,000

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

Holdings — Q2 2019

195 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM3.25%$57M285.7K
2GOOGLALPHABET INCCL A · CL C2.86%$50M46.0K
3MSFTMICROSOFT CORPhistory →COM2.84%$49M368.8K
4MAMASTERCARD INChistory →CL A2.49%$43M163.8K
5MARMARRIOTT INTL INC NEWhistory →CL A2.25%$39M278.9K
6CSCOCISCO SYSTEMS INChistory →COM2.08%$36M660.5K
7EFAISHARES TRMSCI EAFE ETF · CORE MSCI EAFE · RUSSELL 2000 ETF · MSCI EMG MKT ETF · CORE S&P SCP ETF · CORE S&P MCP ETF · RUS MID-CAP ETF · US TREAS BD ETF · CORE S&P500 ETF · IBOXX INV CP ETF2.00%$35M509.0K
8DISDISNEY WALT COhistory →COM1.93%$34M240.5K
9MDYSPDR S&P MIDCAP 400 ETF TRhistory →UT1.86%$32M91.1K
10VBVANGUARD INDEX FUNDSSMALL CP ETF · MID CAP ETF · S&P 500 ETF SHS · LARGE CAP ETF · TOTAL STK MKT1.86%$32M202.5K
11HDHOME DEPOT INChistory →COM1.71%$30M142.7K
12INTCINTEL CORPhistory →COM1.70%$30M618.9K
13BABOEING COhistory →COM1.67%$29M80.0K
14AXPAMERICAN EXPRESS COhistory →COM1.62%$28M228.6K
15MCDMCDONALDS CORPhistory →COM1.60%$28M134.1K
16JPMJPMORGAN CHASE & COhistory →COM1.60%$28M249.1K
17CATCATERPILLAR INChistory →COM1.54%$27M196.6K
18JNJJOHNSON & JOHNSONhistory →COM1.43%$25M179.3K
19WMTWAL-MART STORES INChistory →COM1.41%$24M221.7K
20ZTSZOETIS INChistory →COM1.39%$24M212.4K
21NKENIKE INChistory →CL B1.33%$23M275.5K
22MLMMARTIN MARIETTA MATLS INChistory →COM1.32%$23M99.8K
23UTXZUNITED TECHNOLOGIES CORPhistory →COM1.30%$23M173.5K
24VZVERIZON COMMUNICATIONS INChistory →COM1.29%$22M392.7K
25TROWPRICE T ROWE GROUP INChistory →COM1.29%$22M204.3K
26MRKMERCK & CO INChistory →COM1.21%$21M250.4K
27STZCONSTELLATION BRANDS INChistory →CL A1.21%$21M106.5K
28TAT&T INChistory →COM1.14%$20M592.5K
29AVGOBROADCOM INC.history →COM1.13%$20M68.2K
30PEPPEPSICO INChistory →COM1.12%$20M149.1K
31AMGNAMGEN INChistory →COM1.07%$19M101.2K
32YUMYUM! BRANDS INChistory →COM1.07%$19M168.0K
33BACBANK OF AMERICA CORPhistory →COM1.03%$18M619.4K
34CVXCHEVRON CORPhistory →COM1.02%$18M143.2K
35YUMCYUM CHINA HLDGS INChistory →COM1.02%$18M385.5K
36SYFSYNCHRONY FINANCIALhistory →COM1.02%$18M511.3K
37PFEPFIZER INChistory →COM1.00%$17M403.0K
38PANWPALO ALTO NETWORKS INChistory →COM0.99%$17M84.3K
39CSXCSX CORPhistory →COM0.97%$17M218.6K
40UNHUNITEDHEALTH GROUP INChistory →COM0.96%$17M68.7K
41EXMOCEXXON MOBIL CORPhistory →COM0.94%$16M212.7K
42PCARPACCAR INChistory →COM0.92%$16M223.3K
43BLACKROCK INCCOM0.89%$15M33.0K
44VEUVANGUARD INTL EQUITY INDEX FDALLWRLD EX US · FTSE EMR MKT ETF · FTSE DEV MKT ETF0.88%$15M321.0K
45KOCOCA COLA COhistory →COM0.88%$15M299.2K
46ZBHZIMMER BIOMET HLDGS INChistory →COM0.85%$15M125.5K
47CCITIGROUP INChistory →COM0.83%$14M206.0K
48IBMINTERNATIONAL BUSINESS MACHShistory →COM0.83%$14M104.3K
49GSGOLDMAN SACHS GROUP INChistory →COM0.79%$14M67.3K
50ADPAUTOMATIC DATA PROCESSING INChistory →COM0.79%$14M83.2K
51COPCONOCOPHILLIPShistory →COM0.78%$14M221.5K
52APDAIR PRODS & CHEMS INChistory →COM0.75%$13M57.9K
53PGPROCTER & GAMBLE COhistory →COM0.73%$13M115.4K
54FDXFEDEX CORPhistory →COM0.72%$13M76.8K
55COFCAPITAL ONE FINANCIAL CORPhistory →COM0.68%$12M130.5K
56EQIXEQUINIX INChistory →COM0.67%$12M23.1K
57CMCSACOMCAST CORPhistory →CL A0.67%$12M274.4K
58NSCNORFOLK SOUTHERN CORPhistory →COM0.66%$12M57.7K
59AMZNAMAZON.COM INChistory →COM0.66%$11M6.0K
60AMTAMERICAN TOWER CORPhistory →COM0.65%$11M55.4K
61HONHONEYWELL INTERNATIONAL INChistory →COM0.64%$11M64.1K
62MSMORGAN STANLEYhistory →COM0.64%$11M253.4K
63PMPHILIP MORRIS INTL INChistory →COM0.61%$11M134.8K
64MOALTRIA GROUP INChistory →COM0.60%$10M221.1K
65UPSUNITED PARCEL SERVICE INChistory →CL B0.59%$10M98.6K
66LMTLOCKHEED MARTIN CORPhistory →COM0.57%$10M27.5K
67TMOTHERMO FISHER SCIENTIFIC INCCOM0.57%$10M34.0K
68ADMARCHER DANIELS MIDLAND COCOM0.55%$10M232.9K
69CRMSALESFORCE COM INCCOM0.54%$9M62.9K
70WFCWELLS FARGO & COCOM0.54%$9M197.1K
71ANADARKO PETROLEUM CORPCOM0.53%$9M129.5K
72LINDE PLCCOM0.50%$9M43.6K
73SLBSCHLUMBERGER LTDCOM0.48%$8M211.6K
74DDDUPONT DE NEMOURS INCCOM0.47%$8M107.8K
75MMM3M COCOM0.46%$8M46.4K
76PSXPHILLIPS 66COM0.45%$8M82.9K
77ROYAL DUTCH SHELL PLCSPONS ADR A · SPON ADR B0.44%$8M125.3K
78TMTOYOTA MOTOR CORPSPON ADR0.43%$7M59.8K
79METAFACEBOOK INCCL A0.42%$7M37.7K
80ELANELANCO ANIMAL HEALTH INCCOM0.39%$7M199.8K
81FLRFLUOR CORPCOM0.38%$7M198.2K
82BURLBURLINGTON STORES INCCOM0.38%$7M39.2K
83MCKMCKESSON CORPCOM0.38%$7M48.8K
84ABBVABBVIE INCCOM0.37%$7M89.5K
85WBAWALGREENS BOOTS ALLIANCE INCCOM0.35%$6M111.1K
86UNPUNION PACIFIC CORPCOM0.34%$6M35.0K
87SLMSLM CORPCOM0.33%$6M595.8K
88BMYBRISTOL MYERS SQUIBB COCOM0.33%$6M126.9K
89MDTMEDTRONIC PLCSHS0.32%$6M57.3K
90HSYHERSHEY COCOM0.32%$6M41.4K
91AERAERCAP HOLDINGS NVSHS0.31%$5M104.2K
92DOWDOW INCCOM0.31%$5M108.0K
93VVISA INCCOM CL A0.31%$5M30.7K
94CMGCHIPOTLE MEXICAN GRILL INCCOM0.30%$5M7.2K
95HALHALLIBURTON COCOM0.29%$5M225.1K
96VERSUM MATLS INCCOM0.27%$5M90.6K
97TAKTAKEDA PHARMACEUTICAL CO LTDSPONSORED ADS0.27%$5M261.9K
98RAYTHEON COCOM0.26%$5M26.5K
99BRK/BBERKSHIRE HATHAWAY INCCL B0.26%$5M21.3K
100BSXBOSTON SCIENTIFIC CORPCOM0.26%$4M104.3K

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 ↗
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 ↗.