HERITAGE INVESTORS MANAGEMENT CORP

CIK 937589 · View on SEC EDGAR ↗

Portfolio value
$3.6M
#9,063 of 9,443 by 13F value · top 96.0%
Positions
257
As of
June 30, 2026

Portfolio value QoQ: +9.7% 13F does not disclose cash

Top 10 holdings weight
35.95%
Top 25 holdings weight
56.94%
Positions above 1%
28
Effective number of positions
51.3

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 1.89% Est. buys $65,295 · sells $149,119

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 85.1% still held

New positions
15
Increased
39
Decreased
154
Closed
7
On this page

Sector breakdown

Technology
27.1%
Industrials
11.0%
Financial Services
9.7%
Communication Services
9.4%
Healthcare
8.4%
Retail
6.3%
Consumer Discretionary
5.1%
Financials
3.9%
Energy
2.9%
Consumer Staples
2.5%
Communications
2.0%
Real Estate
1.4%
Materials
1.2%
Logistics & Transportation
1.1%
Telecommunication
0.9%
Utilities
0.4%
Consumer products
0.3%
Diversified Consumer Services
0.0%
Other/Unmapped
6.3%

Full portfolio 257 positions

Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $194,813 5.39% 673,254 $19,315 Down ×6
PANW Palo Alto Networks, Inc. - Common Stock $187,491 5.19% 549,796 $96,644 Down ×1
AVGO Broadcom Inc. - Common Stock $182,444 5.05% 482,977 $24,822 Down ×5
GOOGL Alphabet Inc. - Class A Common Stock $133,848 3.70% 374,536 $22,130 Down ×5
GOOG Alphabet Inc. - Class C Capital Stock $123,685 3.42% 350,056 $19,100 Down ×6
CAT Caterpillar, Inc. Common Stock $111,178 3.08% 104,402 $28,716 Down ×4
MSFT Microsoft Corporation - Common Stock $109,043 3.02% 292,324 $104 Down ×1
NVDA NVIDIA Corporation - Common Stock $96,860 2.68% 484,082 $11,526 Down ×5
MAR Marriott International - Class A Common Stock $81,042 2.24% 218,685 $8,388 Down ×4
AMZN Amazon.com, Inc. - Common Stock $78,601 2.18% 329,786 $8,821 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $73,026 2.02% 621,713 $23,530 Down ×6
MA Mastercard Incorporated Common Stock $66,473 1.84% 129,425 $1,971 Up ×2
JPM JP Morgan Chase & Co. Common Stock $60,873 1.68% 185,967 $4,838 Down ×6
INTC Intel Corporation - Common Stock $58,980 1.63% 422,405 $37,962 Down ×4
GS Goldman Sachs Group, Inc. (The) Common Stock $53,827 1.49% 53,221 $6,808 Down ×6
WMT Walmart Inc. - Common Stock $53,517 1.48% 472,513 $-5,861 Down ×6
AXP American Express Company Common Stock $51,462 1.42% 152,142 $4,652 Down ×6
HD Home Depot, Inc. (The) Common Stock $50,781 1.41% 143,987 $4,327 Up ×3
RTX RTX Corporation Common Stock $44,127 1.22% 232,580 $-1,685 Down ×6
MS Morgan Stanley Common Stock $43,940 1.22% 210,199 $7,110 Down ×6
JNJ Johnson & Johnson Common Stock $40,815 1.13% 160,709 $-27 Down ×4
MRK Merck & Company, Inc. Common Stock (new) $40,682 1.13% 316,592 $690 Down ×1
VB $40,635 1.12% 134,058 $3,188 Down ×6
DIS Walt Disney Company (The) Common Stock $39,821 1.10% 413,720 $-414 Down ×1
BAC Bank of America Corporation Common Stock $39,529 1.09% 693,736 $4,324 Down ×1
BLK BlackRock, Inc. Common Stock $38,561 1.07% 40,102 $-14 Down ×1
C Citigroup, Inc. Common Stock $38,115 1.05% 272,326 $4,975 Down ×6
MLM Martin Marietta Materials, Inc. Common Stock $36,436 1.01% 63,180 $-203 Up ×1
UNH UnitedHealth Group Incorporated Common Stock (DE) $33,251 0.92% 80,002 $11,494 Down ×1
MDY $32,110 0.89% 45,654 $1,795 Down ×6
CRM Salesforce, Inc. Common Stock $31,419 0.87% 200,553 $-5,220 Up ×6
FDX FedEx Corporation Common Stock $31,364 0.87% 100,162 $-4,972 Down ×3
EQIX Equinix, Inc. - Common Stock $30,579 0.85% 29,335 $1,442 Down ×2
DDOG Datadog, Inc. - Class A Common Stock $29,713 0.82% 114,121 $16,414 Up ×6
SYF Synchrony Financial Common Stock $29,666 0.82% 390,079 $1,630 Down ×6
COF Capital One Financial Corporation Common Stock $29,613 0.82% 147,609 $2,713 Up ×2
TMO Thermo Fisher Scientific Inc Common Stock $29,303 0.81% 58,447 $1,292 Up ×2
MCD McDonald's Corporation Common Stock $28,895 0.80% 106,897 $-3,593 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $27,282 0.76% 48,434 $2,479 Up ×3
COST Costco Wholesale Corporation - Common Stock $25,696 0.71% 27,469 $-1,135 Up ×1
CVX Chevron Corporation Common Stock $25,086 0.69% 151,342 $-6,726 Down ×4
BA Boeing Company (The) Common Stock $22,925 0.63% 105,903 $779 Down ×6
CSX CSX Corporation - Common Stock $22,761 0.63% 478,881 $1,562 Down ×4
NOW ServiceNow, Inc. Common Stock $21,857 0.60% 220,160 $1,462 Up ×6
PEP PepsiCo, Inc. - Common Stock $21,603 0.60% 159,548 $-3,129 Up ×2
IQV IQVIA Holdings, Inc. Common Stock $21,456 0.59% 111,044 $2,801 Up ×2
KO Coca-Cola Company (The) Common Stock $20,519 0.57% 252,483 $284 Down ×3
COP ConocoPhillips Common Stock $19,692 0.54% 189,417 $-6,580 Down ×5
AMGN Amgen Inc. - Common Stock $19,346 0.54% 53,423 $74 Down ×6
AMT American Tower Corporation (REIT) Common Stock $19,204 0.53% 117,405 $-956 Up ×6
PCAR PACCAR Inc. - Common Stock $19,149 0.53% 159,417 $144 Down ×4
APD Air Products and Chemicals, Inc. Common Stock $18,962 0.52% 64,676 $-89 Down ×3
CMG Chipotle Mexican Grill, Inc. Common Stock $18,646 0.52% 548,413 $1,409 Up ×6
VO $18,555 0.51% 230,294 $1,805 Up ×1
YUM Yum! Brands, Inc. $17,187 0.48% 107,515 $-645 Down ×6
ABBV AbbVie Inc. Common Stock $16,715 0.46% 66,424 $2,241 Down ×1
STZ Constellation Brands, Inc. Common Stock $16,260 0.45% 116,903 $-1,807 Down ×3
YUMC Yum China Holdings, Inc. Common Stock $15,966 0.44% 390,649 $-3,936 Down ×6
ADP Automatic Data Processing, Inc. - Common Stock $15,859 0.44% 70,816 $957 Down ×1
VZ Verizon Communications Inc. Common Stock $15,639 0.43% 369,357 $-4,430 Down ×2
MCK McKesson Corporation Common Stock $15,292 0.42% 20,238 $-2,041 Up ×1
V Visa Inc. $15,092 0.42% 43,987 $1,686 Down ×1
ZTS Zoetis Inc. Class A Common Stock $14,744 0.41% 205,182 $-9,997 Down ×1
LMT Lockheed Martin Corporation Common Stock $14,467 0.40% 28,396 $-2,954 Down ×3
BURL Burlington Stores, Inc. Common Stock $14,394 0.40% 45,435 $-849 Down ×1
T AT&T Inc. $14,338 0.40% 692,633 $-5,497 Up ×1
TROW T. Rowe Price Group, Inc. - Common Stock $14,176 0.39% 124,691 $1,864 Down ×5
LLY Eli Lilly and Company Common Stock $13,261 0.37% 11,056 $4,252 Up ×2
NEE NextEra Energy, Inc. Common Stock $13,090 0.36% 149,140 $-2,621 Down ×4
VEU $13,033 0.36% 155,619 $1,143 Down ×2
LIN Linde plc - Ordinary Shares $12,863 0.36% 24,787 $498 Down ×1
SLB SLB Limited Common Shares $12,853 0.36% 276,476 $-1,348 Up ×1
IEFA $12,670 0.35% 131,186 $641 Down ×6
IBM International Business Machines Corporation Common Stock $12,639 0.35% 44,944 $930 Down ×6
XOM Exxon Mobil Corporation Common Stock $12,305 0.34% 90,000 $-2,967 Down ×6
PSX Phillips 66 Common Stock $12,061 0.33% 71,343 $-1,504 Down ×5
NKE Nike, Inc. Common Stock $11,942 0.33% 290,918 $-5,665 Down ×5
AER AerCap Holdings N.V. Ordinary Shares $11,502 0.32% 78,901 $425 Down ×6
PG Procter & Gamble Company (The) Common Stock $10,891 0.30% 74,273 $-410 Down ×3
EFA $10,649 0.29% 102,515 $-398 Down ×1
LDOS Leidos Holdings, Inc. Common Stock $10,466 0.29% 101,638 $-5,451 Down ×1
ZBH Zimmer Biomet Holdings, Inc. Common Stock $10,336 0.29% 120,058 $-1,144 Down ×5
ADM Archer-Daniels-Midland Company Common Stock $9,743 0.27% 127,531 $-335 Down ×6
ACN Accenture plc Class A Ordinary Shares (Ireland) $9,739 0.27% 78,265 $-5,773 Up ×2
ADBE Adobe Inc. - Common Stock $9,546 0.26% 46,560 $-4,356 Down ×1
Q Qnity Electronics, Inc. Common Stock $9,460 0.26% 57,927 $1,658 Down ×2
MDLZ Mondelez International, Inc. - Class A Common Stock $9,281 0.26% 160,465 $-179 Down ×1
BRKB $9,232 0.26% 18,449 $385 Down ×3
BSX Boston Scientific Corporation Common Stock $9,089 0.25% 212,957 $-3,283 Up ×3
NFLX Netflix, Inc. - Common Stock $9,017 0.25% 126,291 $2,333 Up ×3
NSC Norfolk Southern Corporation Common Stock $8,939 0.25% 28,414 $426 Down ×6
UNP Union Pacific Corporation Common Stock $8,719 0.24% 32,055 $711 Down ×2
LHX L3Harris Technologies, Inc. Common Stock $8,102 0.22% 27,881 $-1,681 Down ×5
IEMG $8,074 0.22% 97,461 $1,054 Down ×4
PFE Pfizer, Inc. Common Stock $8,052 0.22% 334,402 $-2,423 Down ×6
VTI $7,805 0.22% 21,091 $1,028 Down ×5
GE GE Aerospace Common Stock $7,633 0.21% 20,425 $1,838 Up ×1
Unknown issuer (CUSIP: 438516205) $7,531 0.21% 33,637 Up ×1
Unknown issuer (CUSIP: 43849R105) $7,439 0.21% 33,650 Up ×1
TM Toyota Motor Corporation Common Stock $7,420 0.21% 44,057 $-1,882 Down ×4

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
HD $50,781 1.41% up ×3
CRM $31,419 0.87% up ×6
DDOG $29,713 0.82% up ×6
META $27,282 0.76% up ×3
NOW $21,857 0.60% up ×6
AMT $19,204 0.53% up ×6
CMG $18,646 0.52% up ×6
BSX $9,089 0.25% up ×3
NFLX $9,017 0.25% up ×3
IGSB $562 0.02% up ×4
AIQ $477 0.01% up ×5

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 438516205) $7,531 33,637 0.21%
Unknown issuer (CUSIP: 43849R105) $7,439 33,650 0.21%
Unknown issuer (CUSIP: 314352105) $7,399 48,999 0.20%
Unknown issuer (CUSIP: 26614N201) $6,816 50,252 0.19%
ETN $384 900 0.01%
DAL $343 3,667 0.01%
IEF $292 3,085 0.01%
AMAT $242 335 0.01%
TSM $235 492 0.01%
EMR $231 1,614 0.01%
VXUS $219 2,566 0.01%
AUB $218 5,164 0.01%
TDY $216 324 0.01%
QQQM $212 700 0.01%
VUG $208 2,412 0.01%

Top movers (QoQ)

Security Action Shares Δ Value Δ
PANW Trimmed -17K +$97K
INTC Trimmed -54K +$38K
CAT Trimmed -12K +$29K
AVGO Trimmed -26K +$25K
CSCO Trimmed -16K +$24K
GOOGL Trimmed -14K +$22K
AAPL Trimmed -18K +$19K
GOOG Trimmed -15K +$19K
DDOG Bought more +1K +$16K
NVDA Trimmed -5K +$12K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
HON June 30, 2026 68,120 $15,397 -1.9%
DD June 30, 2026 153,614 $7,036 3.3%
EXAS March 31, 2026 44,889 $4,559 No longer tracked
DFS June 30, 2025 21,300 $3,636 No longer tracked
DIA March 31, 2025 4,900 $2,085 No longer tracked
GTLS March 31, 2026 3,657 $754 No longer tracked
D June 30, 2026 12,050 $745 -1.1%
WBA June 30, 2025 57,625 $644 No longer tracked
TFC June 30, 2026 13,123 $603 1.7%
ALGN March 31, 2026 3,782 $591 -7.3%
GLDM Dec. 31, 2025 5,760 $440 No longer tracked
RPD Dec. 31, 2025 23,349 $438 -24.9%
BAX Dec. 31, 2025 17,788 $405 37.0%
IWD March 31, 2025 2,010 $372 No longer tracked
IBIT June 30, 2026 9,490 $365
WFC Sept. 30, 2025 4,081 $327 1.0%
GD Dec. 31, 2025 953 $325 15.3%
SHM June 30, 2025 6,000 $286 No longer tracked
MWA March 31, 2025 12,100 $272 -0.4%
ANGI Sept. 30, 2025 17,761 $271 -71.7%
QDEL March 31, 2025 5,998 $267 -58.8%
TGNA June 30, 2025 14,269 $260 No longer tracked
VYM June 30, 2025 2,000 $258 No longer tracked
IWN Dec. 31, 2025 1,451 $256 No longer tracked
ALLE Sept. 30, 2025 1,750 $252 -8.7%
TRN March 31, 2025 7,070 $248 6.2%
TTD Dec. 31, 2025 4,977 $244 -65.2%
TXN June 30, 2025 1,336 $240 27.7%
CME Dec. 31, 2025 885 $239 0.0%
ICSH March 31, 2025 4,699 $237 No longer tracked
AUB Sept. 30, 2025 7,504 $235 17.0%
RBLX Dec. 31, 2025 1,692 $234 -52.0%
SASR June 30, 2025 8,338 $233 No longer tracked
PPG June 30, 2025 2,100 $230 -0.1%
LOW March 31, 2025 918 $227 -6.7%
EEMV March 31, 2025 3,900 $226 No longer tracked
TMUS Dec. 31, 2025 939 $225 -9.9%
OPCH June 30, 2025 6,405 $224 -26.8%
VUG June 30, 2025 595 $221 No longer tracked
IJT March 31, 2025 1,600 $217
BCPC Sept. 30, 2025 1,350 $215 20.6%
CEF June 30, 2025 7,585 $215 No longer tracked
GBTC Dec. 31, 2025 2,400 $215 No longer tracked
LOW June 30, 2026 892 $211 -1.3%
ITRI March 31, 2026 2,208 $205 10.6%
TMUS June 30, 2026 957 $201 9.1%
VTRS Dec. 31, 2025 10,266 $102 29.0%
NVVE Sept. 30, 2025 100,000 $95 No longer tracked
DTST March 31, 2026 15,000 $77 -19.9%
HDSN June 30, 2025 10,000 $62 -29.9%
TROX Dec. 31, 2025 10,673 $43 37.5%
GGB Dec. 31, 2025 10,571 $33 19.2%
FCHL March 31, 2026 31,750 $7 -46.8%