SEC 13F Intelligence

Managers / Q4 2021 · view latest →

HERITAGE INVESTORS MANAGEMENT CORP

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

Reported Value
$2.6B
Q4 2021
Positions
276
Filings on Record
30
2019–present window
Filed
Jan 28, 2022
original filing

Summary

Heritage Investors Management Corp reported $2.6B in U.S.-listed holdings across 276 positions for Q4 2021.

Its largest position, AAPL, represents 5.8% of the portfolio.

Compared with Q3 2021, the fund opened 12 new positions and exited 12.

Portfolio Metrics

Turnover
+1.9%
vs prior filed quarter
Top-10 Concentration
+28.9%
share of reported value
Largest Position
+5.8%
Apple
New / Exited
12 / 12
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: 90.6%ETP: 6.2%REIT: 1.8%ADR: 0.8%Other: 0.6%Other: 0.0%
  • Common Stock · 90.6% · $2.3B
  • ETP · 6.2% · $159M
  • REIT · 1.8% · $45M
  • ADR · 0.8% · $21M
  • Other · 0.6% · $16M
  • Other · 0.0% · $353,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NOWSERVICENOW INCNEW+1.7K1.7K+$1M$1M
AMDADVANCED MICRO DEVICESNEW+4.0K4.0K+$572,000$572,000
LOWLOWES COS INCNEW+1.9K1.9K+$483,000$483,000
OVVOVINTIV INCNEW+12.1K12.1K+$408,000$408,000
OXYOCCIDENTAL PETE CORPNEW+11.9K11.9K+$344,000$344,000
CCMPCMC MATERIALS INCNEW+1.3K1.3K+$253,000$253,000
SOUTHWESTERN ENERGY CONEW+54.3K54.3K+$253,000$253,000
KDKYNDRYL HOLDINGSNEW+13.3K13.3K+$240,000$240,000

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

Holdings — Q4 2021

253 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.79%$149M839.7K
2GOOGLALPHABET INCCAP STK CL A · CAP STK CL C4.81%$124M42.7K
3MSFTMICROSOFT CORPhistory →COM4.24%$109M324.7K
4PANWPALO ALTO NETWORKShistory →COM2.37%$61M109.6K
5VBVANGUARD INDEX FDSSMALL CP ETF · MID CAP ETF · S&P 500 ETF SHS · TOTAL STK MKT · LARGE CAP ETF · GROWTH ETF2.27%$58M239.3K
6MAMASTERCARD INCORPORAhistory →CL A2.14%$55M153.6K
7HDHOME DEPOT INChistory →COM1.96%$51M121.7K
8AVGOBROADCOM INChistory →COM1.78%$46M69.0K
9NKENIKE INChistory →CL B1.74%$45M269.2K
10MARMARRIOTT INTL INC NEhistory →CL A1.73%$45M270.1K
11AMZNAMAZON COM INChistory →COM1.72%$44M13.3K
12CSCOCISCO SYS INChistory →COM1.60%$41M649.9K
13IEFAISHARES 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 · S&P MC 400VL ETF · PFD AND INCM SEC · S&P MC 400GR ETF · S&P SML 600 GWT · SP SMCP600VL ETF · GL CLEAN ENE ETF · RUS 2000 GRW ETF1.58%$41M473.0K
14DISDISNEY WALT COhistory →COM1.53%$39M254.0K
15ZTSZOETIS INChistory →CL A1.50%$39M158.5K
16CRMSALESFORCE COM INChistory →COM1.40%$36M141.8K
17MLMMARTIN MARIETTA MATLhistory →COM1.34%$35M78.4K
18JPMJPMORGAN CHASE & COhistory →COM1.32%$34M214.5K
19MCDMCDONALDS CORPhistory →COM1.32%$34M126.4K
20UNHUNITEDHEALTH GROUP Ihistory →COM1.31%$34M67.3K
21CATCATERPILLAR INChistory →COM1.30%$34M162.4K
22AXPAMERICAN EXPRESS COhistory →COM1.22%$32M192.6K
23MDYSPDR S&P MIDCAP 400history →UTSER1 S&PDCRP1.21%$31M60.1K
24TROWPRICE T ROWE GROUPhistory →COM1.19%$31M155.3K
25STZCONSTELLATION BRANDShistory →CL A1.18%$30M121.5K
26JNJJOHNSON & JOHNSONhistory →COM1.15%$30M173.7K
27BLACKROCK INCCOM1.15%$30M32.3K
28WMTWALMART INChistory →COM1.14%$29M202.6K
29INTCINTEL CORPhistory →COM1.08%$28M538.5K
30BACBK OF AMERICA CORPhistory →COM0.97%$25M563.1K
31TMOTHERMO FISHER SCIENTIFIChistory →COM0.97%$25M37.5K
32GSGOLDMAN SACHShistory →COM0.93%$24M62.5K
33MSMORGAN STANLEYhistory →COM NEW0.93%$24M243.2K
34RTXRAYTHEON TECHNOLOGIEhistory →COM0.90%$23M270.4K
35MRKMERCK & CO INChistory →COM0.90%$23M303.3K
36AMTAMERICAN TOWER CORPhistory →COM0.87%$22M76.7K
37PFEPFIZER INChistory →COM0.85%$22M370.8K
38PEPPEPSICO INChistory →COM0.83%$21M122.7K
39CSXCSX CORPhistory →COM0.82%$21M560.8K
40ADPAUTOMATIC DATA PROChistory →COM0.81%$21M84.6K
41SYFSYNCHRONY FINANCIALhistory →COM0.81%$21M449.1K
42YUMCYUM CHINA HLDGS INChistory →COM0.80%$21M415.4K
43FDXFEDEX CORPhistory →COM0.80%$21M80.0K
44CVXCHEVRON CORP NEWhistory →COM0.80%$21M175.5K
45EQIXEQUINIX INChistory →COM0.80%$21M24.3K
46YUMYUM BRANDS INChistory →COM0.80%$21M147.9K
47COFCAPITAL ONE FINANCIALhistory →COM0.80%$20M141.1K
48CCITIGROUP INChistory →COM NEW0.78%$20M333.0K
49VZVERIZON COMMUNICATIONShistory →COM0.76%$19M374.4K
50AMGNAMGEN INChistory →COM0.73%$19M83.3K
51UPSUNITED PARCEL SERVICEhistory →CL B0.69%$18M82.7K
52ZBHZIMMER BIOMET HOLDINhistory →COM0.68%$18M138.3K
53KOCOCA COLA COhistory →COM0.68%$17M295.4K
54CMCSACOMCAST CORP NEWhistory →CL A0.67%$17M343.4K
55APDAIR PRODS & CHEMS INhistory →COM0.67%$17M56.6K
56VEUVANGUARD INTL EQUITYALLWRLD EX US · FTSE EMR MKT ETF0.65%$17M295.6K
57PGPROCTER AND GAMBLEhistory →COM0.64%$16M100.4K
58COPCONOCOPHILLIPShistory →COM0.63%$16M224.6K
59METAMETA PLATFORMS INChistory →CL A0.62%$16M47.7K
60BABOEING COhistory →COM0.61%$16M77.9K
61SPLUNK INCCOM0.60%$15M132.8K
62PCARPACCAR INChistory →COM0.57%$15M167.0K
63NSCNORFOLK SOUTHN CORPhistory →COM0.53%$14M46.0K
64HONHONEYWELL INTL INChistory →COM0.52%$13M64.3K
65TAT&T INChistory →COM0.52%$13M544.2K
66DDDUPONT DE NEMOURS INhistory →COM0.50%$13M160.4K
67LINDE PLCSHS0.48%$12M35.6K
68BURLBURLINGTON STORES INhistory →COM0.46%$12M40.5K
69ABBVABBVIE INChistory →COM0.45%$12M85.4K
70ADMARCHER DANIELS MIDLAhistory →COM0.45%$12M170.2K
71PMPHILIP MORRIS INTL Ihistory →COM0.44%$11M118.8K
72CMGCHIPOTLE MEXICAN GRIhistory →COM0.44%$11M6.4K
73LDOSLEIDOS HOLDINGS INChistory →COM0.42%$11M121.2K
74LMTLOCKHEED MARTIN CORPhistory →COM0.41%$11M29.7K
75BMYBRISTOL-MYERS SQUIBBhistory →COM0.40%$10M167.0K
76BSXBOSTON SCIENTIFIC COhistory →COM0.40%$10M240.7K
77RPDRAPID7 INChistory →COM0.39%$10M85.5K
78MTCHMATCH GROUP INC NEWCOM0.38%$10M74.5K
79VVISA INCCOM CL A0.37%$10M43.9K
80PYPLPAYPAL HLDGS INCCOM0.37%$9M50.3K
81TMTOYOTA MOTOR CORPSP ADR REP2COM0.35%$9M49.1K
82IBMINTL BUSINESS MACHCOM0.35%$9M67.2K
83PPLIIAC INTERACTIVECORPCOM NEW0.34%$9M66.9K
84EXKEXACT SCIENCES CORPCOM0.34%$9M111.9K
85AERAERCAP HOLDINGS NVSHS0.32%$8M124.8K
86MDLZMONDELEZ INTL INCCL A0.30%$8M117.6K
87RNGRINGCENTRAL INCCL A0.29%$8M40.2K
88ALGNALIGN TECHNOLOGY INCCOM0.29%$7M11.2K
89MCKMCKESSON CORPCOM0.28%$7M29.0K
90EXMOCEXXON MOBIL CORPCOM0.28%$7M117.5K
91PSXPHILLIPS 66COM0.27%$7M95.6K
92UNPUNION PAC CORPCOM0.27%$7M27.2K
93SLMSLM CORPCOM0.26%$7M343.1K
94HSYHERSHEY COCOM0.26%$7M34.6K
95MMM3M COCOM0.26%$7M37.6K
96ACNACCENTURE PLC IRELANSHS CLASS A0.26%$7M15.9K
97LHXL3HARRIS TECHNOLOGIECOM0.25%$6M30.0K
98ABTABBOTT LABSCOM0.24%$6M44.3K
99TGTTARGET CORPCOM0.24%$6M26.6K
100BRK/BBERKSHIRE HATHAWAY ICL B NEW0.23%$6M20.2K

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 ↗.