SEC 13F Intelligence

Managers / Q3 2021 · view latest →

HERITAGE INVESTORS MANAGEMENT CORP

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

Reported Value
$2.4B
Q3 2021
Positions
276
Filings on Record
30
2019–present window
Filed
Oct 28, 2021
original filing

Summary

Heritage Investors Management Corp reported $2.4B in U.S.-listed holdings across 276 positions for Q3 2021.

Its largest position, AAPL, represents 5.0% of the portfolio.

Compared with Q2 2021, the fund opened 17 new positions and exited 8.

Portfolio Metrics

Turnover
+2.9%
vs prior filed quarter
Top-10 Concentration
+27.5%
share of reported value
Largest Position
+5.0%
Apple
New / Exited
17 / 8
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: 90.2%ETP: 6.4%REIT: 1.8%ADR: 1.0%Other: 0.6%Other: 0.0%
  • Common Stock · 90.2% · $2.1B
  • ETP · 6.4% · $153M
  • REIT · 1.8% · $42M
  • ADR · 1.0% · $24M
  • Other · 0.6% · $14M
  • Other · 0.0% · $554,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GENERAL ELECTRIC CONEW+27.4K27.4K+$3M$3M
RNGRINGCENTRAL INCNEW+10.3K10.3K+$2M$2M
DDOMINION ENERGY INCNEW+11.1K11.1K+$812,000$812,000
TSPHTUSIMPLE HLDGS INCNEW+15.8K15.8K+$585,000$585,000
BXBLACKSTONE GROUP INCNEW+3.6K3.6K+$413,000$413,000
MKLMARKEL CORPNEW+288288+$344,000$344,000
SANDY SPRING BANCORPNEW+7.3K7.3K+$334,000$334,000
SPHSUBURBAN PROPANE PARNEW+18.8K18.8K+$289,000$289,000

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

Holdings — Q3 2021

252 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.02%$120M844.7K
2GOOGLALPHABET INCCAP STK CL A · CAP STK CL C4.83%$115M43.1K
3MSFTMICROSOFT CORPhistory →COM3.91%$93M330.0K
4VBVANGUARD INDEX FDSSMALL CP ETF · MID CAP ETF · S&P 500 ETF SHS · TOTAL STK MKT · LARGE CAP ETF · GROWTH ETF2.33%$55M239.0K
5MAMASTERCARD INCORPORAhistory →CL A2.24%$53M153.5K
6PANWPALO ALTO NETWORKS Ihistory →COM2.24%$53M111.1K
7DISDISNEY WALT COhistory →COM1.79%$43M251.5K
8AMZNAMAZON COM INChistory →COM1.76%$42M12.7K
9HDHOME DEPOT INChistory →COM1.70%$41M123.4K
10MARMARRIOTT INTL INC NEhistory →CL A1.70%$40M273.4K
11IEFAISHARES 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 · US TREAS BD ETF · CORE S&P500 ETF · PFD AND INCM SEC · S&P MC 400VL ETF · S&P MC 400GR ETF · SP SMCP600VL ETF · S&P SML 600 GWT · GL CLEAN ENE ETF · RUS 2000 GRW ETF1.66%$40M471.9K
12NKENIKE INChistory →CL B1.65%$39M270.5K
13CRMSALESFORCE COM INChistory →COM1.58%$38M138.8K
14CSCOCISCO SYS INChistory →COM1.50%$36M654.4K
15JPMJPMORGAN CHASE & COhistory →COM1.49%$35M216.3K
16AVGOBROADCOM INChistory →COM1.42%$34M69.6K
17AXPAMERICAN EXPRESS COhistory →COM1.37%$33M194.3K
18ZTSZOETIS INChistory →CL A1.33%$32M162.7K
19TROWPRICE T ROWE GROUP Ihistory →COM1.30%$31M157.5K
20CATCATERPILLAR INChistory →COM1.30%$31M161.1K
21MCDMCDONALDS CORPhistory →COM1.29%$31M127.5K
22MDYSPDR S&P MIDCAP 400history →UTSER1 S&PDCRP1.24%$30M61.5K
23INTCINTEL CORPhistory →COM1.21%$29M539.4K
24WMTWALMART INChistory →COM1.19%$28M203.2K
25JNJJOHNSON & JOHNSONhistory →COM1.18%$28M173.8K
26MLMMARTIN MARIETTA MATLhistory →COM1.16%$28M80.6K
27BLACKROCK INCCOM1.14%$27M32.4K
28UNHUNITEDHEALTH GROUP Ihistory →COM1.12%$27M68.5K
29STZCONSTELLATION BRANDShistory →CL A1.08%$26M122.4K
30BACBK OF AMERICA CORPhistory →COM1.02%$24M572.5K
31RTXRAYTHEON TECHNOLOGIEhistory →COM1.01%$24M280.5K
32MSMORGAN STANLEYhistory →COM NEW1.00%$24M245.0K
33GSGOLDMAN SACHS GROUPhistory →COM1.00%$24M62.8K
34YUMCYUM CHINA HLDGS INChistory →COM0.99%$23M403.8K
35CCITIGROUP INChistory →COM NEW0.96%$23M325.0K
36SYFSYNCHRONY FINANCIALhistory →COM0.96%$23M465.5K
37MRKMERCK & CO INChistory →COM0.95%$23M300.5K
38COFCAPITAL ONE FINL CORhistory →COM0.94%$22M138.1K
39TMOTHERMO FISHER SCIENThistory →COM0.92%$22M38.2K
40AMTAMERICAN TOWER CORPhistory →COM0.86%$20M76.8K
41VZVERIZON COMMUNICATIOhistory →COM0.84%$20M369.0K
42EQIXEQUINIX INChistory →COM0.81%$19M24.4K
43PEPPEPSICO INChistory →COM0.80%$19M126.7K
44SPLUNK INCCOM0.80%$19M130.9K
45ZBHZIMMER BIOMET HOLDINhistory →COM0.79%$19M128.7K
46CMCSACOMCAST CORP NEWhistory →CL A0.77%$18M328.9K
47YUMYUM BRANDS INChistory →COM0.77%$18M149.1K
48CVXCHEVRON CORP NEWhistory →COM0.76%$18M178.0K
49AMGNAMGEN INChistory →COM0.75%$18M83.9K
50CSXCSX CORPhistory →COM0.73%$17M581.9K
51ADPAUTOMATIC DATA PROCEhistory →COM0.72%$17M86.3K
52VEUVANGUARD INTL EQUITYALLWRLD EX US · FTSE EMR MKT ETF0.71%$17M298.8K
53FDXFEDEX CORPhistory →COM0.71%$17M77.1K
54BABOEING COhistory →COM0.69%$16M75.0K
55PFEPFIZER INChistory →COM0.68%$16M376.7K
56METAFACEBOOK INChistory →CL A0.67%$16M46.9K
57TAT&T INChistory →COM0.66%$16M582.9K
58KOCOCA COLA COhistory →COM0.66%$16M298.5K
59COPCONOCOPHILLIPShistory →COM0.65%$15M226.5K
60UPSUNITED PARCEL SERVIChistory →CL B0.65%$15M84.3K
61APDAIR PRODS & CHEMS INhistory →COM0.62%$15M57.8K
62PGPROCTER AND GAMBLE Chistory →COM0.60%$14M102.8K
63HONHONEYWELL INTL INChistory →COM0.57%$14M64.1K
64PCARPACCAR INChistory →COM0.56%$13M169.7K
65LDOSLEIDOS HOLDINGS INChistory →COM0.50%$12M123.6K
66MTCHMATCH GROUP INC NEWhistory →COM0.50%$12M75.1K
67CMGCHIPOTLE MEXICAN GRIhistory →COM0.49%$12M6.4K
68PMPHILIP MORRIS INTL Ihistory →COM0.49%$12M122.7K
69NSCNORFOLK SOUTHN CORPhistory →COM0.48%$11M47.6K
70DDDUPONT DE NEMOURS INhistory →COM0.47%$11M165.6K
71BURLBURLINGTON STORES INhistory →COM0.47%$11M39.1K
72LINDE PLCSHS0.45%$11M36.3K
73ADMARCHER DANIELS MIDLAhistory →COM0.44%$11M176.3K
74LMTLOCKHEED MARTIN CORPhistory →COM0.43%$10M30.0K
75BSXBOSTON SCIENTIFIC COhistory →COM0.43%$10M233.7K
76BMYBRISTOL-MYERS SQUIBBCOM0.42%$10M167.6K
77VVISA INCCOM CL A0.40%$10M43.2K
78IBMINTERNATIONAL BUSINECOM0.40%$10M68.6K
79RPDRAPID7 INCCOM0.39%$9M82.4K
80ABBVABBVIE INCCOM0.39%$9M85.7K
81EXKEXACT SCIENCES CORPCOM0.39%$9M96.0K
82TMTOYOTA MOTOR CORPSP ADR REP2COM0.37%$9M49.3K
83PPLIIAC INTERACTIVECORPCOM NEW0.33%$8M61.0K
84ALGNALIGN TECHNOLOGY INCCOM0.31%$7M11.2K
85AERAERCAP HOLDINGS NVSHS0.30%$7M125.0K
86MDLZMONDELEZ INTL INCCL A0.30%$7M122.6K
87EXMOCEXXON MOBIL CORPCOM0.30%$7M120.9K
88MDTMEDTRONIC PLCSHS0.30%$7M56.6K
89MMM3M COCOM0.29%$7M38.7K
90LHXL3HARRIS TECHNOLOGIECOM0.28%$7M30.4K
91PSXPHILLIPS 66COM0.28%$7M94.0K
92TAKTAKEDA PHARMACEUTICASPONSORED ADS0.26%$6M379.5K
93SLMSLM CORPCOM0.25%$6M343.5K
94HSYHERSHEY COCOM0.25%$6M35.4K
95MCKMCKESSON CORPCOM0.25%$6M29.4K
96BRK/BBERKSHIRE HATHAWAY ICL B NEW0.24%$6M20.9K
97TGTTARGET CORPCOM0.24%$6M24.7K
98SLBSCHLUMBERGER LTDCOM STK0.23%$6M187.8K
99ELANELANCO ANIMAL HEALTHCOM0.23%$5M170.4K
100UNPUNION PAC CORPCOM0.23%$5M27.7K

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 ↗.