SEC 13F Intelligence

Managers / Q2 2024 · view latest →

HERITAGE INVESTORS MANAGEMENT CORP

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

Reported Value
$2.9B
Q2 2024
Positions
252
Filings on Record
30
2019–present window
Filed
Jul 30, 2024
original filing

Summary

Heritage Investors Management Corp reported $2.9B in U.S.-listed holdings across 252 positions for Q2 2024.

Its largest position, AAPL, represents 5.5% of the portfolio.

Compared with Q1 2024, the fund opened 5 new positions and exited 8.

Portfolio Metrics

Turnover
+4.6%
vs prior filed quarter
Top-10 Concentration
+33.2%
share of reported value
Largest Position
+5.5%
Apple
New / Exited
5 / 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: 92.0%ETP: 5.8%REIT: 1.5%ADR: 0.7%MLP: 0.0%Other: 0.0%
  • Common Stock · 92.0% · $2.6B
  • ETP · 5.8% · $166M
  • REIT · 1.5% · $42M
  • ADR · 0.7% · $21M
  • MLP · 0.0% · $729,000
  • Other · 0.0% · $144,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BIVVANGUARD BD INDEX FDSNEW+13.2K13.2K+$990,000$990,000
GEVGE VERNOVA LLCNEW+5.6K5.6K+$958,000$958,000
SOLVSOLVENTUM CORPNEW+7.1K7.1K+$376,000$376,000
AIQGLOBAL X FDSNEW+9.4K9.4K+$336,000$336,000
DTSTDATA STORAGE CORPNEW+35.0K35.0K+$230,000$230,000
CMGCHIPOTLE MEXICAN GRILL INCADDED+363.9K371.4K+$1M$23M
NVDANVIDIA CORPORATIONADDED+433.3K481.8K+$16M$60M
ADBEADOBE INCADDED+21.2K41.7K+$13M$23M

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

Holdings — Q2 2024

231 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.48%$157M745.0K
2GOOGLALPHABET INCCAP STK CL A · CAP STK CL C5.25%$150M822.8K
3MSFTMICROSOFT CORPhistory →COM4.73%$136M303.2K
4PANWPALO ALTO NETWORKS INChistory →COM3.54%$101M299.3K
5AVGOBROADCOM INChistory →COM3.44%$98M61.3K
6VBVANGUARD INDEX FDSSMALL CP ETF · MID CAP ETF · S&P 500 ETF SHS · TOTAL STK MKT · LARGE CAP ETF · GROWTH ETF2.36%$67M273.9K
7AMZNAMAZON COM INChistory →COM2.19%$63M325.2K
8MAMASTERCARD INCORPORATEDhistory →CL A2.15%$61M139.3K
9NVDANVIDIA CORPORATIONhistory →COM2.08%$60M481.8K
10MARMARRIOTT INTL INC NEWhistory →CL A1.98%$57M235.0K
11CATCATERPILLAR INChistory →COM1.58%$45M136.1K
12JPMJPMORGAN CHASE & COhistory →COM1.55%$45M220.0K
13HDHOME DEPOT INChistory →COM1.55%$44M129.2K
14CRMSALESFORCE INChistory →COM1.52%$43M169.1K
15AXPAMERICAN EXPRESS COhistory →COM1.41%$40M174.5K
16DISDISNEY WALT COhistory →COM1.35%$39M390.0K
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 GWT1.33%$38M498.1K
18WMTWALMART INChistory →COM1.32%$38M558.1K
19UNHUNITEDHEALTH GROUP INChistory →COM1.21%$35M68.3K
20MLMMARTIN MARIETTA MATLS INChistory →COM1.20%$34M63.2K
21MRKMERCK & CO INChistory →COM1.17%$34M271.5K
22CSCOCISCO SYS INChistory →COM1.14%$33M688.4K
23ZTSZOETIS INChistory →CL A1.10%$31M181.5K
24BLACKROCK INCCOM1.07%$31M38.8K
25STZCONSTELLATION BRANDS INChistory →CL A1.06%$30M117.5K
26BACBANK AMERICA CORPhistory →COM1.05%$30M753.7K
27GSGOLDMAN SACHS GROUP INChistory →COM1.04%$30M65.9K
28MDYSPDR S&P MIDCAP 400 ETF TRhistory →UTSER1 S&PDCRP1.01%$29M54.0K
29RTXRTX CORPORATIONhistory →COM0.98%$28M280.0K
30FDXFEDEX CORPhistory →COM0.98%$28M93.6K
31MCDMCDONALDS CORPhistory →COM0.95%$27M106.9K
32MSMORGAN STANLEYhistory →COM NEW0.91%$26M267.1K
33NKENIKE INChistory →CL B0.90%$26M343.1K
34JNJJOHNSON & JOHNSONhistory →COM0.88%$25M171.6K
35CVXCHEVRON CORP NEWhistory →COM0.86%$25M158.2K
36TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.85%$24M44.1K
37CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.81%$23M371.4K
38ADBEADOBE INChistory →COM0.81%$23M41.7K
39SYFSYNCHRONY FINANCIALhistory →COM0.80%$23M487.7K
40TROWPRICE T ROWE GROUP INChistory →COM0.79%$23M195.4K
41COPCONOCOPHILLIPShistory →COM0.77%$22M193.0K
42CCITIGROUP INChistory →COM NEW0.76%$22M344.6K
43EQIXEQUINIX INChistory →COM0.74%$21M28.1K
44COFCAPITAL ONE FINL CORPhistory →COM0.70%$20M145.6K
45BABOEING COhistory →COM0.70%$20M110.1K
46COSTCOSTCO WHSL CORP NEWhistory →COM0.69%$20M23.3K
47AMTAMERICAN TOWER CORP NEWhistory →COM0.69%$20M101.9K
48AMGNAMGEN INChistory →COM0.68%$20M62.5K
49ADPAUTOMATIC DATA PROCESSING INhistory →COM0.66%$19M78.8K
50PEPPEPSICO INChistory →COM0.65%$19M112.9K
51NOWSERVICENOW INChistory →COM0.64%$18M23.2K
52CSXCSX CORPhistory →COM0.62%$18M531.4K
53PCARPACCAR INChistory →COM0.62%$18M172.0K
54KOCOCA COLA COhistory →COM0.61%$17M272.3K
55YUMYUM BRANDS INChistory →COM0.59%$17M128.3K
56APDAIR PRODS & CHEMS INChistory →COM0.58%$17M64.6K
57IQVIQVIA HLDGS INChistory →COM0.58%$16M78.0K
58VZVERIZON COMMUNICATIONS INChistory →COM0.57%$16M399.0K
59ZBHZIMMER BIOMET HOLDINGS INChistory →COM0.56%$16M148.6K
60METAMETA PLATFORMS INChistory →CL A0.55%$16M31.5K
61INTCINTEL CORPhistory →COM0.55%$16M508.9K
62BSXBOSTON SCIENTIFIC CORPhistory →COM0.55%$16M204.5K
63VEUVANGUARD INTL EQUITY INDEX FALLWRLD EX US · FTSE EMR MKT ETF0.55%$16M299.6K
64CMCSACOMCAST CORP NEWhistory →CL A0.53%$15M389.9K
65PFEPFIZER INChistory →COM0.51%$15M525.3K
66LDOSLEIDOS HOLDINGS INChistory →COM0.51%$14M99.2K
67ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.50%$14M46.9K
68YUMCYUM CHINA HLDGS INChistory →COM0.47%$14M440.5K
69TAT&T INChistory →COM0.47%$13M700.7K
70HONHONEYWELL INTL INChistory →COM0.47%$13M62.5K
71PGPROCTER AND GAMBLE COhistory →COM0.46%$13M79.7K
72DDDUPONT DE NEMOURS INChistory →COM0.45%$13M158.5K
73ABBVABBVIE INChistory →COM0.43%$12M72.4K
74MCKMCKESSON CORPhistory →COM0.43%$12M20.9K
75LINLINDE PLChistory →SHS0.42%$12M27.1K
76NEENEXTERA ENERGY INChistory →COM0.41%$12M167.8K
77PSXPHILLIPS 66history →COM0.41%$12M82.5K
78LMTLOCKHEED MARTIN CORPhistory →COM0.40%$12M24.6K
79BURLBURLINGTON STORES INChistory →COM0.40%$11M47.2K
80UPSUNITED PARCEL SERVICE INChistory →CL B0.39%$11M82.3K
81EXMOCEXXON MOBIL CORPhistory →COM0.39%$11M96.4K
82VVISA INChistory →COM CL A0.38%$11M41.1K
83ADMARCHER DANIELS MIDLAND COCOM0.34%$10M160.7K
84TMTOYOTA MOTOR CORPADS0.33%$10M46.6K
85IBMINTERNATIONAL BUSINESS MACHSCOM0.33%$9M54.0K
86AERAERCAP HOLDINGS NVSHS0.32%$9M99.3K
87MDLZMONDELEZ INTL INCCL A0.32%$9M140.2K
88NSCNORFOLK SOUTHN CORPCOM0.32%$9M42.2K
89PMPHILIP MORRIS INTL INCCOM0.32%$9M89.1K
90PYPLPAYPAL HLDGS INCCOM0.31%$9M151.1K
91SLBSCHLUMBERGER LTDCOM STK0.30%$9M183.0K
92BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.27%$8M18.9K
93LHXL3HARRIS TECHNOLOGIES INCCOM0.24%$7M31.1K
94SHELSHELL PLCSPON ADS0.24%$7M96.4K
95TGTTARGET CORPCOM0.24%$7M46.3K
96BMYBRISTOL-MYERS SQUIBB COCOM0.24%$7M163.6K
97UNPUNION PAC CORPCOM0.24%$7M29.9K
98IEMGISHARES INCCORE MSCI EMKT · MSCI EMERG MRKT0.22%$6M116.2K
99MDTMEDTRONIC PLCSHS0.22%$6M78.4K
100EOGEOG RES INCCOM0.20%$6M44.7K

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 ↗.