SEC 13F Intelligence

Managers / Q1 2024 · view latest →

HERITAGE INVESTORS MANAGEMENT CORP

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

Reported Value
$2.8B
Q1 2024
Positions
255
Filings on Record
30
2019–present window
Filed
Apr 29, 2024
original filing

Summary

Heritage Investors Management Corp reported $2.8B in U.S.-listed holdings across 255 positions for Q1 2024.

Its largest position, AAPL, represents 4.6% of the portfolio.

Compared with Q4 2023, the fund opened 13 new positions and exited 6.

Portfolio Metrics

Turnover
+2.6%
vs prior filed quarter
Top-10 Concentration
+30.3%
share of reported value
Largest Position
+4.6%
Apple
New / Exited
13 / 6
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: 91.7%ETP: 5.9%REIT: 1.5%ADR: 0.8%MLP: 0.0%Other: 0.0%
  • Common Stock · 91.7% · $2.6B
  • ETP · 5.9% · $168M
  • REIT · 1.5% · $43M
  • ADR · 0.8% · $23M
  • MLP · 0.0% · $739,000
  • Other · 0.0% · $127,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GBTCGRAYSCALE BITCOIN TRUSTNEW+9.1K9.1K+$574,000$574,000
VEAVANGUARD TAX-MANAGED FDSNEW+6.7K6.7K+$335,000$335,000
CEGCONSTELLATION ENERGY CORPNEW+1.2K1.2K+$225,000$225,000
VUGVANGUARD INDEX FDSNEW+647647+$223,000$223,000
MUMICRON TECHNOLOGY INCNEW+1.9K1.9K+$220,000$220,000
TRNTRINITY INDS INCNEW+7.6K7.6K+$212,000$212,000
CRWDCROWDSTRIKE HLDGS INCNEW+659659+$211,000$211,000
THCTENET HEALTHCARE CORPNEW+2.0K2.0K+$210,000$210,000

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

Holdings — Q1 2024

234 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM4.59%$130M759.2K
2MSFTMICROSOFT CORPhistory →COM4.56%$129M307.0K
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C4.49%$127M840.3K
4PANWPALO ALTO NETWORKS INChistory →COM2.99%$85M298.7K
5AVGOBROADCOM INChistory →COM2.92%$83M62.4K
6VBVANGUARD INDEX FDSSMALL CP ETF · MID CAP ETF · S&P 500 ETF SHS · TOTAL STK MKT · LARGE CAP ETF · GROWTH ETF2.41%$68M270.3K
7MAMASTERCARD INCORPORATEDhistory →CL A2.37%$67M139.6K
8MARMARRIOTT INTL INC NEWhistory →CL A2.10%$59M235.7K
9AMZNAMAZON COM INChistory →COM2.09%$59M328.6K
10CATCATERPILLAR INChistory →COM1.78%$51M138.0K
11CRMSALESFORCE INChistory →COM1.75%$49M164.3K
12HDHOME DEPOT INChistory →COM1.73%$49M128.0K
13DISDISNEY WALT COhistory →COM1.65%$47M381.1K
14JPMJPMORGAN CHASE & COhistory →COM1.60%$45M226.7K
15NVDANVIDIA CORPORATIONhistory →COM1.55%$44M48.6K
16AXPAMERICAN EXPRESS COhistory →COM1.44%$41M179.1K
17IEFAISHARES TRCORE MSCI EAFE · MSCI EAFE ETF · CORE S&P MCP ETF · CORE S&P SCP ETF · RUSSELL 2000 ETF · MSCI EMG MKT ETF · RUS MID CAP ETF · RUS 1000 GRW ETF · SHRT NAT MUN ETF · S&P MC 400VL ETF · S&P MC 400GR ETF · GL CLEAN ENE ETF · SP SMCP600VL ETF · S&P SML 600 GWT1.39%$39M502.0K
18MLMMARTIN MARIETTA MATLS INChistory →COM1.39%$39M64.2K
19MRKMERCK & CO INChistory →COM1.28%$36M274.9K
20WMTWALMART INChistory →COM1.22%$35M574.3K
21CSCOCISCO SYS INChistory →COM1.20%$34M679.9K
22UNHUNITEDHEALTH GROUP INChistory →COM1.14%$32M65.4K
23BLACKROCK INCCOM1.13%$32M38.4K
24STZCONSTELLATION BRANDS INChistory →CL A1.12%$32M116.9K
25MDYSPDR S&P MIDCAP 400 ETF TRhistory →UTSER1 S&PDCRP1.07%$30M54.6K
26NKENIKE INChistory →CL B1.07%$30M321.7K
27MCDMCDONALDS CORPhistory →COM1.05%$30M105.2K
28ZTSZOETIS INChistory →CL A1.04%$29M173.8K
29BACBANK AMERICA CORPhistory →COM1.03%$29M768.9K
30GSGOLDMAN SACHS GROUP INChistory →COM1.00%$28M68.1K
31RTXRTX CORPORATIONhistory →COM0.98%$28M285.6K
32FDXFEDEX CORPhistory →COM0.94%$27M92.3K
33JNJJOHNSON & JOHNSONhistory →COM0.94%$27M167.6K
34TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.91%$26M44.2K
35MSMORGAN STANLEYhistory →COM NEW0.90%$25M269.9K
36CVXCHEVRON CORP NEWhistory →COM0.89%$25M159.5K
37COPCONOCOPHILLIPShistory →COM0.87%$25M194.7K
38TROWPRICE T ROWE GROUP INChistory →COM0.84%$24M196.1K
39INTCINTEL CORPhistory →COM0.82%$23M524.7K
40EQIXEQUINIX INChistory →COM0.79%$22M27.2K
41CCITIGROUP INChistory →COM NEW0.79%$22M352.8K
42CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.78%$22M7.6K
43COFCAPITAL ONE FINL CORPhistory →COM0.77%$22M146.9K
44SYFSYNCHRONY FINANCIALhistory →COM0.76%$22M500.4K
45PCARPACCAR INChistory →COM0.75%$21M172.0K
46ADPAUTOMATIC DATA PROCESSING INhistory →COM0.72%$20M81.5K
47BABOEING COhistory →COM0.70%$20M102.8K
48CSXCSX CORPhistory →COM0.70%$20M532.0K
49PEPPEPSICO INChistory →COM0.68%$19M110.9K
50ZBHZIMMER BIOMET HOLDINGS INChistory →COM0.68%$19M146.0K
51AMTAMERICAN TOWER CORP NEWhistory →COM0.68%$19M97.0K
52AMGNAMGEN INChistory →COM0.64%$18M64.2K
53YUMYUM BRANDS INChistory →COM0.64%$18M130.6K
54IQVIQVIA HLDGS INChistory →COM0.63%$18M70.8K
55COSTCOSTCO WHSL CORP NEWhistory →COM0.62%$17M23.8K
56YUMCYUM CHINA HLDGS INChistory →COM0.61%$17M433.6K
57KOCOCA COLA COhistory →COM0.60%$17M275.7K
58VZVERIZON COMMUNICATIONS INChistory →COM0.59%$17M400.0K
59CMCSACOMCAST CORP NEWhistory →CL A0.58%$16M377.2K
60NOWSERVICENOW INChistory →COM0.56%$16M20.6K
61METAMETA PLATFORMS INChistory →CL A0.54%$15M31.8K
62APDAIR PRODS & CHEMS INChistory →COM0.54%$15M63.5K
63VEUVANGUARD INTL EQUITY INDEX FALLWRLD EX US · FTSE EMR MKT ETF0.54%$15M298.9K
64BSXBOSTON SCIENTIFIC CORPhistory →COM0.52%$15M214.3K
65ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.50%$14M41.0K
66PSXPHILLIPS 66history →COM0.48%$14M83.1K
67LDOSLEIDOS HOLDINGS INChistory →COM0.48%$14M103.1K
68PFEPFIZER INChistory →COM0.48%$13M485.8K
69PGPROCTER AND GAMBLE COhistory →COM0.47%$13M81.7K
70ABBVABBVIE INChistory →COM0.46%$13M72.3K
71HONHONEYWELL INTL INChistory →COM0.45%$13M62.0K
72LINLINDE PLChistory →SHS0.45%$13M27.4K
73TAT&T INChistory →COM0.44%$12M706.4K
74UPSUNITED PARCEL SERVICE INChistory →CL B0.43%$12M82.3K
75DDDUPONT DE NEMOURS INChistory →COM0.43%$12M159.0K
76TMTOYOTA MOTOR CORPhistory →ADS0.42%$12M46.8K
77MCKMCKESSON CORPhistory →COM0.41%$12M21.5K
78VVISA INChistory →COM CL A0.40%$11M41.1K
79EXMOCEXXON MOBIL CORPhistory →COM0.40%$11M97.8K
80LMTLOCKHEED MARTIN CORPhistory →COM0.40%$11M24.7K
81BURLBURLINGTON STORES INChistory →COM0.39%$11M47.3K
82NSCNORFOLK SOUTHN CORPhistory →COM0.38%$11M42.7K
83NEENEXTERA ENERGY INChistory →COM0.38%$11M169.7K
84IBMINTERNATIONAL BUSINESS MACHShistory →COM0.37%$11M55.4K
85ADBEADOBE INChistory →COM0.36%$10M20.5K
86PYPLPAYPAL HLDGS INChistory →COM0.36%$10M151.9K
87SLBSCHLUMBERGER LTDCOM STK0.35%$10M180.8K
88ADMARCHER DANIELS MIDLAND COCOM0.34%$10M154.1K
89PMPHILIP MORRIS INTL INCCOM0.33%$9M103.3K
90AERAERCAP HOLDINGS NVSHS0.32%$9M103.0K
91BMYBRISTOL-MYERS SQUIBB COCOM0.31%$9M160.2K
92MDLZMONDELEZ INTL INCCL A0.29%$8M118.9K
93TGTTARGET CORPCOM0.29%$8M46.4K
94BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.29%$8M19.5K
95UNPUNION PAC CORPCOM0.26%$7M29.8K
96EXKEXACT SCIENCES CORPCOM0.24%$7M98.3K
97MDTMEDTRONIC PLCSHS0.24%$7M77.8K
98LHXL3HARRIS TECHNOLOGIES INCCOM0.23%$7M31.2K
99SHELSHELL PLCSPON ADS0.23%$7M98.1K
100IEMGISHARES INCCORE MSCI EMKT · MSCI EMERG MRKT0.22%$6M119.7K

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 ↗.