SEC 13F Intelligence

Managers / Q3 2019 · view latest →

HERITAGE INVESTORS MANAGEMENT CORP

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

Reported Value
$1.8B
Q3 2019
Positions
207
Filings on Record
30
2019–present window
Filed
Oct 18, 2019
original filing

Summary

Heritage Investors Management Corp reported $1.8B in U.S.-listed holdings across 207 positions for Q3 2019.

Its largest position, AAPL, represents 3.5% of the portfolio.

Compared with Q2 2019, the fund opened 4 new positions and exited 9.

Portfolio Metrics

Turnover
+3.9%
vs prior filed quarter
Top-10 Concentration
+23.2%
share of reported value
Largest Position
+3.5%
Apple
New / Exited
4 / 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: 89.3%ETP: 7.1%REIT: 1.5%ADR: 1.4%Other: 0.7%
  • Common Stock · 89.3% · $1.6B
  • ETP · 7.1% · $125M
  • REIT · 1.5% · $27M
  • ADR · 1.4% · $24M
  • Other · 0.7% · $12M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LHXL3HARRIS TECHNOLOGIES INC.NEW+11.3K11.3K+$2M$2M
PFFISHARES US PFD STOCK INDEX FUNNEW+6.4K6.4K+$239,000$239,000
NBIXNEUROCRINE BIOSCIENCES INCNEW+2.3K2.3K+$207,000$207,000
OPTION CARE HEALTH, INC.NEW+11.5K11.5K+$37,000$37,000
OXYOCCIDENTAL PETROLEUM CORPADDED+32.6K37.0K+$1M$2M
EGBNEAGLE BANCORP INCADDED+18.0K28.4K+$702,000$1M
ANADARKO PETROLEUM CORPSOLD OUT−129.5K0−$9M$0
L3 TECHNOLOGIES INCSOLD OUT−6.6K0−$2M$0

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

Holdings — Q3 2019

190 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM3.50%$61M273.9K
2GOOGLALPHABET INCCL A · CL C3.19%$56M45.9K
3MSFTMICROSOFT CORPhistory →COM2.83%$50M357.0K
4MAMASTERCARD INChistory →CL A2.44%$43M157.8K
5MARMARRIOTT INTL INC NEWhistory →CL A1.95%$34M275.1K
6VBVANGUARD INDEX FUNDSSMALL CP ETF · MID CAP ETF · S&P 500 ETF SHS · TOTAL STK MKT · LARGE CAP ETF1.91%$33M212.2K
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 ETF1.90%$33M495.3K
8CSCOCISCO SYSTEMS INChistory →COM1.84%$32M652.5K
9INTCINTEL CORPhistory →COM1.82%$32M618.3K
10HDHOME DEPOT INChistory →COM1.81%$32M136.8K
11DISDISNEY WALT COhistory →COM1.80%$31M241.7K
12MDYSPDR S&P MIDCAP 400 ETF TRhistory →UT1.78%$31M88.6K
13BABOEING COhistory →COM1.73%$30M79.9K
14JPMJPMORGAN CHASE & COhistory →COM1.65%$29M245.6K
15MCDMCDONALDS CORPhistory →COM1.61%$28M131.4K
16AXPAMERICAN EXPRESS COhistory →COM1.52%$27M224.9K
17MLMMARTIN MARIETTA MATLS INChistory →COM1.50%$26M96.2K
18NKENIKE INChistory →CL B1.47%$26M274.8K
19WMTWAL-MART STORES INChistory →COM1.46%$26M216.3K
20ZTSZOETIS INChistory →COM1.43%$25M200.7K
21CATCATERPILLAR INChistory →COM1.42%$25M197.3K
22VZVERIZON COMMUNICATIONS INChistory →COM1.35%$24M392.8K
23UTXZUNITED TECHNOLOGIES CORPhistory →COM1.34%$24M172.5K
24JNJJOHNSON & JOHNSONhistory →COM1.33%$23M180.5K
25TROWPRICE T ROWE GROUP INChistory →COM1.31%$23M201.3K
26STZCONSTELLATION BRANDS INChistory →CL A1.28%$22M108.5K
27TAT&T INChistory →COM1.27%$22M588.7K
28MRKMERCK & CO INChistory →COM1.20%$21M249.8K
29PANWPALO ALTO NETWORKS INChistory →COM1.15%$20M98.5K
30PEPPEPSICO INChistory →COM1.14%$20M145.4K
31AMGNAMGEN INChistory →COM1.10%$19M99.6K
32AVGOBROADCOM INC.history →COM1.09%$19M69.3K
33YUMYUM! BRANDS INChistory →COM1.07%$19M165.0K
34BACBANK OF AMERICA CORPhistory →COM1.03%$18M616.8K
35YUMCYUM CHINA HLDGS INChistory →COM1.00%$17M385.0K
36SYFSYNCHRONY FINANCIALhistory →COM0.99%$17M509.5K
37ZBHZIMMER BIOMET HLDGS INChistory →COM0.97%$17M124.1K
38CVXCHEVRON CORPhistory →COM0.97%$17M143.6K
39UNHUNITEDHEALTH GROUP INChistory →COM0.90%$16M73.0K
40KOCOCA COLA COhistory →COM0.90%$16M288.5K
41VEUVANGUARD INTL EQUITY INDEX FDALLWRLD EX US · FTSE EMR MKT ETF · FTSE DEV MKT ETF0.89%$16M337.3K
42CSXCSX CORPhistory →COM0.87%$15M221.1K
43PCARPACCAR INChistory →COM0.87%$15M216.7K
44BLACKROCK INCCOM0.86%$15M33.9K
45EXMOCEXXON MOBIL CORPhistory →COM0.85%$15M211.8K
46IBMINTERNATIONAL BUSINESS MACHShistory →COM0.85%$15M102.4K
47AMZNAMAZON.COM INChistory →COM0.83%$15M8.4K
48PFEPFIZER INChistory →COM0.83%$15M404.1K
49CCITIGROUP INChistory →COM0.82%$14M207.6K
50CRMSALESFORCE COM INChistory →COM0.81%$14M95.3K
51GSGOLDMAN SACHS GROUP INChistory →COM0.80%$14M67.4K
52PGPROCTER & GAMBLE COhistory →COM0.80%$14M112.2K
53CMCSACOMCAST CORPhistory →CL A0.75%$13M291.8K
54ADPAUTOMATIC DATA PROCESSING INChistory →COM0.75%$13M81.4K
55EQIXEQUINIX INChistory →COM0.75%$13M22.7K
56COPCONOCOPHILLIPShistory →COM0.73%$13M224.1K
57APDAIR PRODS & CHEMS INChistory →COM0.71%$12M56.1K
58COFCAPITAL ONE FINANCIAL CORPhistory →COM0.69%$12M133.0K
59AMTAMERICAN TOWER CORPhistory →COM0.69%$12M54.3K
60UPSUNITED PARCEL SERVICE INChistory →CL B0.67%$12M97.4K
61FDXFEDEX CORPhistory →COM0.65%$11M78.2K
62MSMORGAN STANLEYhistory →COM0.63%$11M260.8K
63HONHONEYWELL INTERNATIONAL INChistory →COM0.61%$11M63.2K
64PMPHILIP MORRIS INTL INChistory →COM0.61%$11M140.5K
65LMTLOCKHEED MARTIN CORPhistory →COM0.60%$10M26.8K
66TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.60%$10M35.9K
67NSCNORFOLK SOUTHERN CORPhistory →COM0.59%$10M57.8K
68ADMARCHER DANIELS MIDLAND COCOM0.54%$10M232.5K
69MOALTRIA GROUP INCCOM0.52%$9M222.3K
70DDDUPONT DE NEMOURS INCCOM0.50%$9M122.6K
71WFCWELLS FARGO & COCOM0.49%$9M170.4K
72PSXPHILLIPS 66COM0.48%$8M82.5K
73LINDE PLCCOM0.48%$8M43.6K
74SLBSCHLUMBERGER LTDCOM0.46%$8M236.2K
75ROYAL DUTCH SHELL PLCSPONS ADR A · SPON ADR B0.45%$8M132.5K
76TMTOYOTA MOTOR CORPSPON ADR0.44%$8M57.2K
77MMM3M COCOM0.43%$8M46.2K
78METAFACEBOOK INCCL A0.43%$8M42.6K
79BURLBURLINGTON STORES INCCOM0.43%$7M37.4K
80BMYBRISTOL MYERS SQUIBB COCOM0.39%$7M135.4K
81ABBVABBVIE INCCOM0.39%$7M90.0K
82HSYHERSHEY COCOM0.35%$6M40.0K
83IAC INTERACTIVECORPCOM0.35%$6M28.4K
84WBAWALGREENS BOOTS ALLIANCE INCCOM0.35%$6M111.5K
85MDTMEDTRONIC PLCSHS0.35%$6M56.5K
86CMGCHIPOTLE MEXICAN GRILL INCCOM0.34%$6M7.0K
87AERAERCAP HOLDINGS NVSHS0.33%$6M106.8K
88DOWDOW INCCOM0.33%$6M122.2K
89UNPUNION PACIFIC CORPCOM0.32%$6M34.4K
90MCKMCKESSON CORPCOM0.31%$5M39.7K
91VVISA INCCOM CL A0.30%$5M30.7K
92ELANELANCO ANIMAL HEALTH INCCOM0.30%$5M197.8K
93SLMSLM CORPCOM0.30%$5M591.9K
94RAYTHEON COCOM0.30%$5M26.6K
95TAKTAKEDA PHARMACEUTICAL CO LTDSPONSORED ADS0.28%$5M280.8K
96VERSUM MATLS INCCOM0.26%$4M84.6K
97CTVACORTEVA INCCOM0.25%$4M157.1K
98BRK/BBERKSHIRE HATHAWAY INCCL B0.25%$4M20.9K
99BSXBOSTON SCIENTIFIC CORPCOM0.24%$4M103.1K
100ABTABBOTT LABORATORIESCOM0.23%$4M49.2K

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 ↗.