SEC 13F Intelligence

Managers / Q3 2020 · view latest →

HERITAGE INVESTORS MANAGEMENT CORP

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

Reported Value
$1.9B
Q3 2020
Positions
260
Filings on Record
30
2019–present window
Filed
Oct 29, 2020
original filing

Summary

Heritage Investors Management Corp reported $1.9B in U.S.-listed holdings across 260 positions for Q3 2020.

Its largest position, AAPL, represents 5.6% of the portfolio.

Compared with Q2 2020, the fund opened 12 new positions and exited 14.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+26.4%
share of reported value
Largest Position
+5.6%
Apple
New / Exited
12 / 14
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: 89.8%ETP: 6.4%REIT: 1.8%ADR: 1.1%Other: 1.0%Right: 0.0%
  • Common Stock · 89.8% · $1.7B
  • ETP · 6.4% · $118M
  • REIT · 1.8% · $33M
  • ADR · 1.1% · $20M
  • Other · 1.0% · $19M
  • Right · 0.0% · $63,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MTCHMATCH GROUP INC NEWNEW+84.3K84.3K+$9M$9M
IAC INTERACTIVECORPNEW+51.7K51.7K+$6M$6M
GTLSCHART INDS INCNEW+4.0K4.0K+$281,000$281,000
IWOISHARES TRNEW+1.1K1.1K+$253,000$253,000
GLDSPDR GOLD TRNEW+1.4K1.4K+$241,000$241,000
VGTVANGUARD WORLD FDSNEW+687687+$214,000$214,000
QRVOQORVO INCNEW+1.7K1.7K+$213,000$213,000
BYNDBEYOND MEAT INCNEW+1.3K1.3K+$213,000$213,000

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

Holdings — Q3 2020

240 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.61%$104M899.1K
2MSFTMICROSOFT CORPhistory →COM3.76%$70M331.9K
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.56%$66M45.1K
4MAMASTERCARD INCORPORAhistory →CL A2.76%$51M151.6K
5HDHOME DEPOT INChistory →COM1.88%$35M125.7K
6VBVANGUARD INDEX FDSSMALL CP ETF · MID CAP ETF · S&P 500 ETF SHS · TOTAL STK MKT1.86%$35M215.2K
7AMZNAMAZON COM INChistory →COM1.82%$34M10.7K
8IEFAISHARES TRCORE MSCI EAFE · MSCI EAFE ETF · RUSSELL 2000 ETF · MSCI EMG MKT ETF · CORE S&P MCP ETF · CORE S&P SCP ETF · RUS MID CAP ETF · IBOXX INV CP ETF · US TREAS BD ETF · CORE S&P500 ETF · RUS 2000 GRW ETF · PFD AND INCM SEC1.72%$32M476.4K
9NKENIKE INChistory →CL B1.72%$32M253.8K
10DISDISNEY WALT COhistory →COM DISNEY1.70%$32M254.3K
11INTCINTEL CORPhistory →COM1.61%$30M575.6K
12ZTSZOETIS INChistory →CL A1.57%$29M176.8K
13MCDMCDONALDS CORPhistory →COM1.54%$29M130.7K
14CRMSALESFORCE COM INChistory →COM1.54%$29M113.6K
15WMTWALMART INChistory →COM1.50%$28M199.0K
16CATCATERPILLAR INC DELhistory →COM1.48%$27M184.0K
17JNJJOHNSON & JOHNSONhistory →COM1.44%$27M179.0K
18PANWPALO ALTO NETWORKS Ihistory →COM1.41%$26M106.8K
19CSCOCISCO SYS INChistory →COM1.40%$26M661.2K
20MARMARRIOTT INTL INC NEhistory →CL A1.39%$26M279.2K
21MDYSPDR S&P MIDCAP 400history →UTSER1 S&PDCRP1.36%$25M74.7K
22AVGOBROADCOM INChistory →COM1.35%$25M69.1K
23TROWPRICE T ROWE GROUP Ihistory →COM1.26%$23M182.3K
24AMGNAMGEN INChistory →COM1.24%$23M90.6K
25STZCONSTELLATION BRANDShistory →CL A1.23%$23M120.1K
26JPMJPMORGAN CHASE & COhistory →COM1.22%$23M235.7K
27UNHUNITEDHEALTH GROUP Ihistory →COM1.20%$22M71.8K
28VZVERIZON COMMUNICATIOhistory →COM1.20%$22M375.9K
29AXPAMERICAN EXPRESS COhistory →COM1.18%$22M218.9K
30MRKMERCK & CO. INChistory →COM1.18%$22M264.1K
31MLMMARTIN MARIETTA MATLhistory →COM1.18%$22M93.0K
32YUMCYUM CHINA HLDGS INChistory →COM1.10%$20M385.1K
33PEPPEPSICO INChistory →COM1.02%$19M136.5K
34FDXFEDEX CORPhistory →COM1.02%$19M75.0K
35BLACKROCK INCCOM0.97%$18M32.1K
36TAT&T INChistory →COM0.90%$17M587.1K
37EQIXEQUINIX INChistory →COM0.88%$16M21.6K
38ZBHZIMMER BIOMET HOLDINhistory →COM0.88%$16M120.1K
39CSXCSX CORPhistory →COM0.87%$16M207.4K
40TMOTHERMO FISHER SCIENThistory →COM0.86%$16M36.2K
41RTXRAYTHEON TECHNOLOGIEhistory →COM0.85%$16M275.7K
42CMCSACOMCAST CORP NEWhistory →CL A0.84%$16M335.4K
43PCARPACCAR INChistory →COM0.82%$15M179.6K
44AMTAMERICAN TOWER CORPhistory →COM0.81%$15M62.1K
45UPSUNITED PARCEL SERVIChistory →CL B0.81%$15M90.1K
46BACBK OF AMERICA CORPhistory →COM0.81%$15M622.4K
47APDAIR PRODS & CHEMS INhistory →COM0.81%$15M50.3K
48YUMYUM BRANDS INChistory →COM0.79%$15M160.3K
49PFEPFIZER INChistory →COM0.79%$15M398.3K
50PGPROCTER AND GAMBLE Chistory →COM0.78%$14M104.0K
51VEUVANGUARD INTL EQUITYALLWRLD EX US · FTSE EMR MKT ETF0.76%$14M296.7K
52KOCOCA COLA COhistory →COM0.76%$14M284.1K
53GSGOLDMAN SACHS GROUPhistory →COM0.73%$14M67.4K
54ADPAUTOMATIC DATA PROCEhistory →COM0.69%$13M92.4K
55SYFSYNCHRONY FINANCIALhistory →COM0.69%$13M489.2K
56BABOEING COhistory →COM0.68%$13M76.9K
57MSMORGAN STANLEYhistory →COM NEW0.68%$13M262.3K
58CCITIGROUP INChistory →COM NEW0.68%$13M292.5K
59IBMINTERNATIONAL BUSINEhistory →COM0.62%$12M95.0K
60METAFACEBOOK INChistory →CL A0.62%$11M43.9K
61HONHONEYWELL INTL INChistory →COM0.62%$11M69.5K
62NSCNORFOLK SOUTHN CORPhistory →COM0.61%$11M53.2K
63CVXCHEVRON CORP NEWhistory →COM0.59%$11M152.4K
64LMTLOCKHEED MARTIN CORPhistory →COM0.57%$11M27.4K
65COFCAPITAL ONE FINL CORhistory →COM0.56%$10M144.5K
66PMPHILIP MORRIS INTL Ihistory →COM0.54%$10M133.5K
67BMYBRISTOL-MYERS SQUIBBCOM · RIGHT 99/99/99990.54%$10M192.3K
68ADMARCHER DANIELS MIDLACOM0.53%$10M209.7K
69LDOSLEIDOS HOLDINGS INCCOM0.52%$10M108.0K
70DDDUPONT DE NEMOURS INCOM0.51%$10M172.0K
71LINDE PLCSHS0.50%$9M39.2K
72MTCHMATCH GROUP INC NEWCOM0.50%$9M84.3K
73COPCONOCOPHILLIPSCOM0.44%$8M249.9K
74CMGCHIPOTLE MEXICAN GRICOM0.44%$8M6.6K
75MOALTRIA GROUP INCCOM0.43%$8M208.7K
76SPLUNK INCCOM0.43%$8M42.6K
77BURLBURLINGTON STORES INCOM0.42%$8M38.2K
78ABBVABBVIE INCCOM0.41%$8M87.0K
79BSXBOSTON SCIENTIFIC COCOM0.40%$7M195.3K
80VVISA INCCOM CL A0.38%$7M35.7K
81MMM3M COCOM0.38%$7M44.1K
82TMTOYOTA MOTOR CORPSP ADR REP2COM0.37%$7M52.1K
83IAC INTERACTIVECORPCOM0.33%$6M51.7K
84MDTMEDTRONIC PLCSHS0.33%$6M59.4K
85EXKEXACT SCIENCES CORPCOM0.33%$6M59.4K
86EXMOCEXXON MOBIL CORPCOM0.33%$6M176.2K
87UNPUNION PAC CORPCOM0.33%$6M30.7K
88TAKTAKEDA PHARMACEUTICASPONSORED ADS0.31%$6M321.0K
89HSYHERSHEY COCOM0.30%$6M38.8K
90ELANELANCO ANIMAL HEALTHCOM0.28%$5M184.7K
91MDLZMONDELEZ INTL INCCL A0.28%$5M89.2K
92ABTABBOTT LABSCOM0.27%$5M46.3K
93BRK/BBERKSHIRE HATHAWAY ICL B NEW0.26%$5M22.6K
94MCKMCKESSON CORPCOM0.25%$5M31.2K
95ALGNALIGN TECHNOLOGY INCCOM0.24%$5M13.8K
96IEMGISHARES INCCORE MSCI EMKT0.23%$4M81.0K
97LHXL3HARRIS TECHNOLOGIECOM0.23%$4M25.0K
98TGTTARGET CORPCOM0.23%$4M26.8K
99BF/BBROWN FORMAN CORPCL B0.22%$4M54.6K
100PSXPHILLIPS 66COM0.22%$4M78.0K

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 ↗.