HERITAGE INVESTORS MANAGEMENT CORP

CIK

937589

Location

BETHESDA, MD

Portfolio Value

Mid $3,336,425,181

Diversification

Diversified

Filing Date

Global Rank

#243 / 4,286 ▲ 7951

Top Industry

Semiconductors 10.5%

3Y Alpha vs SPY

-0.5%

Period ended 38 days ago

Filed Aug 4, 2026 · 3d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+74.9%

SPY

+77.3%

Annualised alpha

-0.6%

Max drawdown

−19.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

214 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

5.8%

−3.9 pts

Top 5

24.3%

−4.4 pts

Top 10

37.4%

−2.8 pts

HHI

213

Diversified−52

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	32.6%	$1,086,044,156	39
Financial Services	15.0%	$501,303,354	24
Industrials	11.5%	$383,449,422	37
Consumer Cyclical	9.9%	$329,389,727	17
Healthcare	9.1%	$303,550,122	29
Communication Services	7.4%	$248,041,716	12
Consumer Defensive	5.5%	$184,658,171	14
Energy	3.1%	$104,342,081	14
Basic Materials	2.7%	$91,698,536	14
Real Estate	1.5%	$50,955,287	5
Unclassified	1.1%	$37,217,982	4
Utilities	0.5%	$15,774,627	5

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NFLX	Netflix Inc	+56,778	126,291	$9,017,177
NOW	ServiceNow, Inc.	+25,084	220,160	$21,857,484
BSX	Boston Scientific Corp	+15,795	212,957	$9,089,004
CMG	Chipotle Mexican Grill Inc	+9,918	548,413	$18,646,042
T	At&T Inc.	+8,447	692,633	$14,337,503
META	Meta Platforms, Inc.	+5,082	48,434	$27,282,387
CRM	Salesforce, Inc.	+4,276	200,553	$31,418,632
HD	Home Depot, Inc.	+2,741	143,987	$50,781,335
MCD	Mcdonalds Corp	+2,365	106,897	$28,895,328
IQV	Iqvia Holdings Inc.	+1,656	111,044	$21,455,921
DDOG	Datadog, Inc.	+1,468	114,121	$29,712,543
TMO	Thermo Fisher Scientific Inc.	+1,460	58,447	$29,302,987
LLY	ELI LILLY & Co	+1,261	11,056	$13,260,899
MLM	Martin Marietta Materials Inc	+941	63,180	$36,435,906
AMT	American Tower Corp /Ma/	+591	117,405	$19,203,935
COST	Costco Wholesale Corp /New	+542	27,469	$25,696,425
ABT	Abbott Laboratories	+419	42,485	$3,855,088
MA	Mastercard Inc	+334	129,425	$66,472,680
PEP	Pepsico Inc	+282	159,548	$21,602,799
FCX	Freeport-Mcmoran Inc	+218	10,452	$657,326
MCK	Mckesson Corp	+208	20,238	$15,291,832
COF	Capital One Financial Corp	+154	147,609	$29,613,317
SLB	Slb Limited/Nv	+135	276,476	$12,853,369
SPY	Spdr S&P 500 ETF Trust	+66	1,444	$1,078,335
TSLA	Tesla, Inc.	+40	669	$281,381
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	−378,551	374,536	$133,847,930
DD	DuPont de Nemours, Inc.	−103,362	50,252	$6,816,181
CMCSA	Comcast Corp	−82,024	179,517	$4,407,142
INTC	Intel Corp	−53,862	422,405	$58,980,410
NKE	NIKE, Inc.	−42,417	290,918	$11,942,183
PFE	Pfizer Inc	−38,628	334,402	$8,052,400
CSX	Csx Corp	−37,546	478,881	$22,761,213
HON	Honeywell International Inc	−34,483	33,637	$7,531,324
VZ	Verizon Communications Inc	−30,420	369,357	$15,638,575
BAC	Bank Of America Corp /De/	−28,409	693,736	$39,529,077
AVGO	Broadcom Inc.	−26,286	482,977	$182,444,561
SYF	Synchrony Financial	−22,101	390,079	$29,665,507
NEE	Nextera Energy Inc	−20,013	149,140	$13,090,017
C	Citigroup Inc	−19,888	272,326	$38,114,746
AAPL	Apple Inc.	−18,253	673,254	$194,812,777
YUMC	Yum China Holdings, Inc.	−17,340	390,649	$15,965,824
PANW	Palo Alto Networks Inc	−16,865	549,796	$187,491,431
TAK	Takeda Pharmaceutical Co Ltd	−16,400	81,939	$1,313,482
PYPL	PayPal Holdings, Inc.	−16,214	61,010	$2,634,411
CSCO	Cisco Systems, Inc.	−16,200	621,713	$73,026,408
MRK	Merck & Co., Inc.	−15,875	316,592	$40,682,072
BMY	Bristol Myers Squibb Co	−14,721	122,122	$7,036,669
MS	Morgan Stanley	−13,596	210,199	$43,939,998
KO	Coca Cola Co	−13,590	252,483	$20,519,293
ELAN	Elanco Animal Health Inc	−12,584	114,247	$2,811,618
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
HONA	Honeywell Aerospace Inc.	33,650	$7,429,920
FDXF	FedEx Freight Holding Company, Inc.	48,999	$7,398,849
ETN	Eaton Corp plc	900	$383,508
DAL	Delta Air Lines, Inc.	3,667	$343,451
AMAT	Applied Materials Inc /De	335	$242,205
TSM	Taiwan Semiconductor Manufacturing Co Ltd	492	$234,964
EMR	Emerson Electric Co	1,614	$231,044
AUB	Atlantic Union Bankshares Corp	5,164	$218,488
TDY	Teledyne Technologies Inc	324	$216,075
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
D	Dominion Energy, Inc	12,050	$745
TFC	Truist Financial Corp	13,123	$603
BF-A	Brown Forman Corp	18,850	$498
IBIT	iShares Bitcoin Trust ETF	9,490	$365
LOW	Lowes Companies Inc	892	$211
TMUS	T-Mobile US, Inc.	957	$201
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

214 tracked positions · $3,336,425,181 total · filing declares 257 positions · $3,613,488 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 214 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	673,254	-18,253	$194,812,777	+110905.7%	5.84%
PANW	Palo Alto Networks Inc Technology	Reduced	549,796	-16,865	$187,491,431	+206281.5%	5.62%
AVGO	Broadcom Inc. Technology	Reduced	482,977	-26,286	$182,444,561	+115648.2%	5.47%
GOOGL	Alphabet Inc. Communication Services	Reduced	374,536	-378,551	$133,847,930	+61779.8%	4.01%
CAT	Caterpillar Inc Industrials	Reduced	104,402	-11,994	$111,177,689	+134722.9%	3.33%
MSFT	Microsoft Corp Technology	Reduced	292,324	-1,972	$109,042,698	+99995.2%	3.27%
NVDA	Nvidia Corp Technology	Reduced	484,082	-5,219	$96,859,967	+113406.9%	2.90%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Reduced	218,685	-3,452	$81,042,474	+111445.8%	2.43%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	329,786	-5,258	$78,601,195	+112541.4%	2.36%
CSCO	Cisco Systems, Inc. Technology	Reduced	621,713	-16,200	$73,026,408	+147440.0%	2.19%
MA	Mastercard Inc Financial Services	Added	129,425	+334	$66,472,680	+102955.2%	1.99%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	185,967	-4,523	$60,872,578	+108533.1%	1.82%
INTC	Intel Corp Technology	Reduced	422,405	-53,862	$58,980,410	+280518.6%	1.77%
GS	Goldman Sachs Group Inc Financial Services	Reduced	53,221	-2,358	$53,826,122	+114377.4%	1.61%
WMT	Walmart Inc. Consumer Defensive	Reduced	472,513	-5,263	$53,516,822	+90029.0%	1.60%
AXP	American Express Co Financial Services	Reduced	152,142	-2,613	$51,462,031	+109838.1%	1.54%
HD	Home Depot, Inc. Consumer Cyclical	Added	143,987	+2,741	$50,781,335	+109215.3%	1.52%
RTX	RTX Corp Industrials	Reduced	232,580	-4,912	$44,127,403	+96222.8%	1.32%
MS	Morgan Stanley Financial Services	Reduced	210,199	-13,596	$43,939,998	+119204.9%	1.32%
JNJ	Johnson & Johnson Healthcare	Reduced	160,709	-6,373	$40,815,264	+99834.5%	1.22%
MRK	Merck & Co., Inc. Healthcare	Reduced	316,592	-15,875	$40,682,072	+101625.5%	1.22%
DIS	Walt Disney Co Communication Services	Reduced	413,720	-3,739	$39,820,550	+98869.9%	1.19%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	693,736	-28,409	$39,529,077	+112182.6%	1.18%
BLK	BlackRock, Inc. Financial Services	Reduced	40,102	-9	$38,560,479	+99862.4%	1.16%
C	Citigroup Inc Financial Services	Reduced	272,326	-19,888	$38,114,746	+114911.3%	1.14%
MLM	Martin Marietta Materials Inc Basic Materials	Added	63,180	+941	$36,435,906	+99345.7%	1.09%
UNH	Unitedhealth Group Inc Healthcare	Reduced	80,002	-402	$33,251,231	+152730.0%	1.00%
MDY	Spdr S&P Midcap 400 ETF Trust	Reduced	45,654	-3,498	$32,110,284	+105822.1%	0.96%
CRM	Salesforce, Inc. Technology	Added	200,553	+4,276	$31,418,632	+85651.9%	0.94%
FDX	Fedex Corp Industrials	Reduced	100,162	-1,855	$31,363,727	+86215.8%	0.94%
EQIX	Equinix Inc Real Estate	Reduced	29,335	-389	$30,578,510	+104847.4%	0.92%
DDOG	Datadog, Inc. Technology	Added	114,121	+1,468	$29,712,543	+223319.4%	0.89%
SYF	Synchrony Financial Financial Services	Reduced	390,079	-22,101	$29,665,507	+105712.2%	0.89%
COF	Capital One Financial Corp Financial Services	Added	147,609	+154	$29,613,317	+109986.7%	0.89%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	58,447	+1,460	$29,302,987	+104512.4%	0.88%
MCD	Mcdonalds Corp Consumer Cyclical	Added	106,897	+2,365	$28,895,328	+88841.5%	0.87%
META	Meta Platforms, Inc. Communication Services	Added	48,434	+5,082	$27,282,387	+109896.3%	0.82%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	27,469	+542	$25,696,425	+95671.4%	0.77%
CVX	Chevron Corp Energy	Reduced	151,342	-2,415	$25,086,449	+78758.4%	0.75%
BA	Boeing Co Industrials	Reduced	105,903	-5,369	$22,924,822	+103416.8%	0.69%
CSX	Csx Corp Industrials	Reduced	478,881	-37,546	$22,761,213	+107269.3%	0.68%
NOW	ServiceNow, Inc. Technology	Added	220,160	+25,084	$21,857,484	+107070.8%	0.66%
PEP	Pepsico Inc Consumer Defensive	Added	159,548	+282	$21,602,799	+87247.6%	0.65%
IQV	Iqvia Holdings Inc. Healthcare	Added	111,044	+1,656	$21,455,921	+114914.3%	0.64%
KO	Coca Cola Co Consumer Defensive	Reduced	252,483	-13,590	$20,519,293	+101305.0%	0.62%
COP	Conocophillips Energy	Reduced	189,417	-9,615	$19,691,791	+74853.5%	0.59%
AMGN	Amgen Inc Healthcare	Reduced	53,423	-1,350	$19,345,536	+100281.6%	0.58%
AMT	American Tower Corp /Ma/ Real Estate	Added	117,405	+591	$19,203,935	+95157.6%	0.58%
PCAR	Paccar Inc Industrials	Reduced	159,417	-5,132	$19,149,170	+100658.6%	0.57%
APD	Air Products & Chemicals, Inc. Basic Materials	Reduced	64,676	-905	$18,961,709	+99431.3%	0.57%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.