SEC 13F Intelligence

Managers / Q2 2022 · view latest →

HERITAGE INVESTORS MANAGEMENT CORP

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

Reported Value
$2.1B
Q2 2022
Positions
256
Filings on Record
29
2019–present window
Filed
Aug 1, 2022
original filing

Summary

Heritage Investors Management Corp reported $2.1B in U.S.-listed holdings across 256 positions for Q2 2022.

Its largest position, AAPL, represents 5.4% of the portfolio.

Compared with Q1 2022, the fund opened 3 new positions and exited 21.

Portfolio Metrics

Turnover
+0.8%
vs prior filed quarter
Top-10 Concentration
+27.4%
share of reported value
Largest Position
+5.4%
Apple
New / Exited
3 / 21
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
Q1 ’19: $1.7BQ1 ’19Q2 ’19: $1.7BQ3 ’19: $1.8BQ4 ’19: $1.9BQ1 ’20: $1.4BQ1 ’20Q2 ’20: $1.7BQ3 ’20: $1.9BQ4 ’20: $2.1BQ1 ’21: $2.3BQ1 ’21Q2 ’21: $2.4BQ3 ’21: $2.4BQ4 ’21: $2.6BQ1 ’22: $2.5BQ1 ’22Q2 ’22: $2.1BQ3 ’22: $2.0BQ4 ’22: $2.2BQ1 ’23: $2.3BQ1 ’23Q2 ’23: $2.5BQ3 ’23: $2.4BQ4 ’23: $2.6BQ1 ’24: $2.8BQ1 ’24Q2 ’24: $2.9BQ3 ’24: $3.0BQ4 ’24: $3.1BQ1 ’25: $2.9BQ1 ’25Q2 ’25: $3.2BQ3 ’25: $3.3BQ4 ’25: $3.4BQ1 ’26: $3.3BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 90.7%ETP: 5.9%REIT: 1.9%ADR: 0.9%Other: 0.6%Closed-End Fund: 0.0%
  • Common Stock · 90.7% · $1.9B
  • ETP · 5.9% · $125M
  • REIT · 1.9% · $40M
  • ADR · 0.9% · $20M
  • Other · 0.6% · $13M
  • Closed-End Fund · 0.0% · $89,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WBDWARNER BROS DISCOVERY INCNEW+126.8K126.8K+$2M$2M
QDELQUIDELORTHO CORPNEW+7.4K7.4K+$723,000$723,000
ZIMVZIMVIE INCNEW+11.7K11.7K+$187,000$187,000
AMZNAMAZON COM INCADDED+280.5K294.5K−$14M$31M
NVDANVIDIA CORPORATIONADDED+27.9K34.1K+$3M$5M
IQVIQVIA HLDGS INCADDED+21.6K32.4K+$5M$7M
JBGSJBG SMITH PPTYSADDED+12.0K20.4K+$238,000$481,000
QUIDEL CORPSOLD OUT−8.9K0−$1M$0

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

Holdings — Q2 2022

240 positions (from 256 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.42%$115M844.3K
2GOOGLALPHABET INCCAP STK CL A · CAP STK CL C4.45%$95M43.4K
3MSFTMICROSOFT CORPhistory →COM4.03%$86M334.8K
4PANWPALO ALTO NETWORKS INChistory →COM2.55%$54M110.0K
5MAMASTERCARD INCORPORATEDhistory →CL A2.30%$49M155.3K
6VBVANGUARD INDEX FDSSMALL CP ETF · MID CAP ETF · S&P 500 ETF SHS2.11%$45M236.9K
7MARMARRIOTT INTL INC NEWhistory →CL A1.69%$36M265.1K
8HDHOME DEPOT INChistory →COM1.66%$35M129.1K
9AVGOBROADCOM INChistory →COM1.60%$34M70.1K
10UNHUNITEDHEALTH GROUP INChistory →COM1.56%$33M64.8K
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 · RUS 1000 GRW ETF · CORE S&P500 ETF · GL CLEAN ENE ETF · S&P MC 400VL ETF · PFD AND INCM SEC1.50%$32M471.7K
12AMZNAMAZON COM INChistory →COM1.47%$31M294.5K
13MCDMCDONALDS CORPhistory →COM1.45%$31M125.5K
14CATCATERPILLAR INChistory →COM1.38%$29M164.6K
15NKENIKE INChistory →CL B1.36%$29M283.5K
16JNJJOHNSON & JOHNSONhistory →COM1.35%$29M162.7K
17CSCOCISCO SYS INChistory →COM1.32%$28M660.8K
18MRKMERCK & CO INChistory →COM1.31%$28M307.0K
19ZTSZOETIS INChistory →CL A1.31%$28M162.6K
20STZCONSTELLATION BRANDS INChistory →CL A1.29%$27M117.9K
21DISDISNEY WALT COhistory →COM1.26%$27M284.9K
22JPMJPMORGAN CHASE & COhistory →COM1.23%$26M232.5K
23CRMSALESFORCE INChistory →COM1.21%$26M156.6K
24AXPAMERICAN EXPRESS COhistory →COM1.21%$26M185.7K
25WMTWALMART INChistory →COM1.20%$26M210.1K
26RTXRAYTHEON TECHNOLOGIES CORPhistory →COM1.16%$25M257.7K
27MDYSPDR S&P MIDCAP 400 ETF TRhistory →UTSER1 S&PDCRP1.14%$24M58.7K
28MLMMARTIN MARIETTA MATLS INChistory →COM1.10%$23M78.4K
29CVXCHEVRON CORP NEWhistory →COM1.09%$23M160.0K
30BLACKROCK INCCOM1.01%$21M35.2K
31YUMCYUM CHINA HLDGS INChistory →COM0.97%$21M427.9K
32TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.97%$21M38.2K
33AMTAMERICAN TOWER CORP NEWhistory →COM0.97%$21M80.7K
34INTCINTEL CORPhistory →COM0.96%$21M548.6K
35GSGOLDMAN SACHS GROUP INChistory →COM0.93%$20M66.5K
36FDXFEDEX CORPhistory →COM0.93%$20M87.1K
37PFEPFIZER INChistory →COM0.92%$20M375.4K
38VZVERIZON COMMUNICATIONS INChistory →COM0.92%$20M385.3K
39PEPPEPSICO INChistory →COM0.91%$19M116.7K
40TROWPRICE T ROWE GROUP INChistory →COM0.91%$19M170.2K
41MSMORGAN STANLEYhistory →COM NEW0.90%$19M253.4K
42ADPAUTOMATIC DATA PROCESSING INhistory →COM0.88%$19M89.4K
43COPCONOCOPHILLIPShistory →COM0.88%$19M208.0K
44BACBK OF AMERICA CORPhistory →COM0.86%$18M586.2K
45AMGNAMGEN INChistory →COM0.84%$18M73.8K
46KOCOCA COLA COhistory →COM0.83%$18M281.4K
47EQIXEQUINIX INChistory →COM0.81%$17M26.3K
48YUMYUM BRANDS INChistory →COM0.78%$17M147.2K
49CSXCSX CORPhistory →COM0.75%$16M551.4K
50CCITIGROUP INChistory →COM NEW0.75%$16M347.7K
51ZBHZIMMER BIOMET HOLDINGS INChistory →COM0.73%$15M147.5K
52UPSUNITED PARCEL SERVICE INChistory →CL B0.71%$15M82.9K
53COFCAPITAL ONE FINL CORPhistory →COM0.71%$15M144.6K
54APDAIR PRODS & CHEMS INChistory →COM0.70%$15M62.2K
55VEUVANGUARD INTL EQUITY INDEX FALLWRLD EX US · FTSE EMR MKT ETF0.66%$14M301.6K
56CMCSACOMCAST CORP NEWhistory →CL A0.66%$14M357.0K
57PGPROCTER AND GAMBLE COhistory →COM0.66%$14M97.3K
58PCARPACCAR INChistory →COM0.63%$13M162.1K
59SYFSYNCHRONY FINANCIALhistory →COM0.62%$13M479.6K
60SPLUNK INCCOM0.62%$13M148.7K
61ADMARCHER DANIELS MIDLAND COhistory →COM0.58%$12M160.2K
62BMYBRISTOL-MYERS SQUIBB COhistory →COM0.57%$12M158.8K
63LMTLOCKHEED MARTIN CORPhistory →COM0.57%$12M28.3K
64BABOEING COhistory →COM0.57%$12M88.3K
65ABBVABBVIE INChistory →COM0.56%$12M78.6K
66TAT&T INChistory →COM0.55%$12M557.6K
67LDOSLEIDOS HOLDINGS INChistory →COM0.54%$11M113.8K
68HONHONEYWELL INTL INChistory →COM0.53%$11M65.0K
69PMPHILIP MORRIS INTL INChistory →COM0.52%$11M111.8K
70NSCNORFOLK SOUTHN CORPhistory →COM0.49%$10M45.9K
71LINDE PLCSHS0.48%$10M35.4K
72EXMOCEXXON MOBIL CORPCOM0.45%$10M111.7K
73CMGCHIPOTLE MEXICAN GRILL INCCOM0.44%$9M7.2K
74DDDUPONT DE NEMOURS INCCOM0.43%$9M166.4K
75BSXBOSTON SCIENTIFIC CORPCOM0.43%$9M244.2K
76MCKMCKESSON CORPCOM0.41%$9M27.1K
77VVISA INCCOM CL A0.41%$9M44.2K
78IBMINTERNATIONAL BUSINESS MACHSCOM0.40%$9M60.6K
79COSTCOSTCO WHSL CORP NEWCOM0.40%$8M17.6K
80NEENEXTERA ENERGY INCCOM0.36%$8M98.3K
81METAMETA PLATFORMS INCCL A0.36%$8M47.1K
82ACNACCENTURE PLC IRELANDSHS CLASS A0.36%$8M27.3K
83PSXPHILLIPS 66COM0.35%$8M91.8K
84TMTOYOTA MOTOR CORPADS0.35%$8M48.8K
85MDLZMONDELEZ INTL INCCL A0.34%$7M118.4K
86LHXL3HARRIS TECHNOLOGIES INCCOM0.34%$7M29.8K
87IQVIQVIA HLDGS INCCOM0.33%$7M32.4K
88HSYHERSHEY COCOM0.32%$7M32.1K
89SLBSCHLUMBERGER LTDCOM STK0.30%$6M180.7K
90PYPLPAYPAL HLDGS INCCOM0.30%$6M92.2K
91NOWSERVICENOW INCCOM0.29%$6M13.2K
92RPDRAPID7 INCCOM0.29%$6M91.9K
93UNPUNION PAC CORPCOM0.28%$6M28.0K
94BURLBURLINGTON STORES INCCOM0.27%$6M41.5K
95SHELSHELL PLCSPON ADS0.26%$6M107.2K
96MDTMEDTRONIC PLCSHS0.26%$5M60.7K
97PPLIIAC INTERACTIVECORP NEWCOM NEW0.25%$5M71.2K
98MTCHMATCH GROUP INC NEWCOM0.25%$5M76.7K
99SLMSLM CORPCOM0.25%$5M333.1K
100BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.25%$5M19.2K

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 ↗

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 ↗.