HERITAGE INVESTORS MANAGEMENT CORP
Filing Date
Global Rank
#741
/ 8,232
▲ 41
Top Industry
Semiconductors
8.9%
3Y Alpha vs SPY
-3.8%
Period ended 2 months ago
Filed Apr 24, 2026 · 51d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+60.2%
SPY
+76.3%
Annualised alpha
-3.8%
Max drawdown
−19.1%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
209 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
5.8%
−0.3 pts
Top 5
21.1%
−2.1 pts
Top 10
33.4%
−1.8 pts
HHI
184
Diversified−16
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 28.3% | $861,801,494 |
| Financial Services | 15.1% | $459,138,515 |
| Industrials | 11.4% | $346,384,808 |
| Consumer Cyclical | 10.6% | $323,073,976 |
| Healthcare | 9.9% | $302,145,283 |
| Communication Services | 7.7% | $235,427,620 |
| Consumer Defensive | 6.4% | $196,172,847 |
| Energy | 4.2% | $126,947,724 |
| Basic Materials | 3.0% | $92,921,980 |
| Real Estate | 1.7% | $50,472,357 |
| Unclassified | 1.2% | $35,172,965 |
| Utilities | 0.6% | $19,229,730 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| DDOG | Datadog, Inc. | +38,272 | 112,653 | $13,298,686 | |
| NFLX | Netflix Inc | +31,884 | 69,513 | $6,683,674 | |
| BSX | Boston Scientific Corp | +18,957 | 197,162 | $12,371,915 | |
| NOW | ServiceNow, Inc. | +16,565 | 195,076 | $20,395,195 | |
| META | Meta Platforms, Inc. | +9,826 | 43,352 | $24,802,979 | |
| CMG | Chipotle Mexican Grill Inc | +9,410 | 538,495 | $17,237,224 | |
| IQV | Iqvia Holdings Inc. | +7,239 | 109,388 | $18,655,029 | |
| AMZN | Amazon Com Inc | +6,591 | 335,044 | $69,779,613 | |
| PANW | Palo Alto Networks Inc | +6,203 | 566,661 | $90,847,091 | |
| ACN | Accenture plc | +5,366 | 78,231 | $15,512,424 | |
| CRM | Salesforce, Inc. | +4,847 | 196,277 | $36,639,027 | |
| ZTS | Zoetis Inc. | +4,496 | 209,297 | $24,740,998 | |
| DUK | Duke Energy CORP | +3,975 | 11,712 | $1,533,569 | |
| DIS | Walt Disney Co | +3,301 | 417,459 | $40,234,698 | |
| COF | Capital One Financial Corp | +3,050 | 147,455 | $26,900,215 | |
| ADP | Automatic Data Processing Inc | +2,924 | 73,344 | $14,902,033 | |
| SLM | SLM Corp | +2,625 | 121,785 | $2,607,416 | |
| MSFT | Microsoft Corp | +2,524 | 294,296 | $108,939,550 | |
| JBGS | JBG SMITH Properties | +2,477 | 14,619 | $213,583 | |
| MDLZ | Mondelez International, Inc. | +1,972 | 164,118 | $9,459,761 | |
| UNH | Unitedhealth Group Inc | +1,835 | 80,404 | $21,756,518 | |
| PEP | Pepsico Inc | +1,636 | 159,266 | $24,732,417 | |
| HD | Home Depot, Inc. | +1,316 | 141,246 | $46,454,396 | |
| DD | DuPont de Nemours, Inc. | +1,310 | 153,614 | $7,035,521 | |
| ADBE | Adobe Inc. | +1,243 | 57,189 | $13,901,502 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CMCSA | Comcast Corp | −50,465 | 261,541 | $7,508,842 | |
| PYPL | PayPal Holdings, Inc. | −43,643 | 77,224 | $3,492,841 | |
| T | At&T Inc. | −15,588 | 684,186 | $19,834,552 | |
| AAPL | Apple Inc. | −15,059 | 691,507 | $175,497,561 | |
| CSX | Csx Corp | −14,993 | 516,427 | $21,199,328 | |
| WMT | Walmart Inc. | −13,852 | 477,776 | $59,378,001 | |
| RNG | RingCentral, Inc. | −11,495 | 95,976 | $3,569,347 | |
| NVDA | Nvidia Corp | −11,206 | 489,301 | $85,334,094 | |
| SHEL | Shell plc | −9,724 | 81,314 | $7,562,202 | |
| SLB | Slb Limited/Nv | −7,621 | 276,341 | $14,201,163 | |
| GOOGL | Alphabet Inc. | −7,458 | 388,502 | $111,717,635 | |
| TROW | Price T Rowe Group Inc | −7,423 | 136,589 | $12,312,132 | |
| IAC | IAC Inc. | −7,047 | 16,638 | $666,019 | |
| VZ | Verizon Communications Inc | −7,003 | 399,777 | $20,068,805 | |
| ZBH | Zimmer Biomet Holdings, Inc. | −6,886 | 126,959 | $11,479,632 | |
| RTX | RTX Corp | −6,709 | 237,492 | $45,812,206 | |
| COP | Conocophillips | −5,894 | 199,032 | $26,272,224 | |
| JNJ | Johnson & Johnson | −5,785 | 167,082 | $40,841,524 | |
| SYF | Synchrony Financial | −5,699 | 412,180 | $28,036,483 | |
| INTC | Intel Corp | −5,062 | 476,267 | $21,017,662 | |
| Q | Qnity Electronics, Inc. | −5,045 | 67,620 | $7,801,995 | |
| CVX | Chevron Corp | −4,880 | 153,757 | $31,812,323 | |
| XOM | Exxon Mobil Corp | −4,576 | 90,014 | $15,271,775 | |
| YUMC | Yum China Holdings, Inc. | −4,381 | 407,989 | $19,901,703 | |
| CAT | Caterpillar Inc | −4,171 | 116,396 | $82,461,910 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
9 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SO | Southern Co | 5,156 | $497,657 | |
| MRSH | Marsh & Mclennan Companies, Inc. | 2,535 | $439,695 | |
| XEL | Xcel Energy Inc | 5,472 | $434,695 | |
| WEC | Wec Energy Group, Inc. | 2,660 | $307,948 | |
| GD | General Dynamics Corp | 685 | $235,105 | |
| TRN | Trinity Industries Inc | 7,070 | $227,512 | |
| BCPC | Balchem Corp | 1,250 | $211,850 | |
| LOW | Lowes Companies Inc | 892 | $210,761 | |
| TMUS | T-Mobile US, Inc. | 957 | $200,998 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
6 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| EXAS | EXACT SCIENCES CORP | 44,889 | $4,558,926 | |
| GTLS | Chart Industries Inc | 3,657 | $754,183 | |
| ALGN | Align Technology Inc | 3,782 | $590,559 | |
| ITRI | Itron, Inc. | 2,208 | $205,034 | |
| FCHL | Fitness Champs Holdings Ltd | 31,750 | $110,013 | |
| DTST | Data Storage Corp | 15,000 | $76,800 | |
| No positions match the current search. | ||||
209 positions ·
$3,048,889,299 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 209 positions by value
· page 1 of 5
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| AAPL |
Apple Inc.
Technology
|
Reduced | 691,507 | $175,497,561 | 5.76% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 509,263 | $157,621,991 | 5.17% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 388,502 | $111,717,635 | 3.66% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 294,296 | $108,939,550 | 3.57% | |
| PANW |
Palo Alto Networks Inc
Technology
|
Added | 566,661 | $90,847,091 | 2.98% | |
| NVDA |
Nvidia Corp
Technology
|
Reduced | 489,301 | $85,334,094 | 2.80% | |
| CAT |
Caterpillar Inc
Industrials
|
Reduced | 116,396 | $82,461,910 | 2.70% | |
| MAR |
Marriott International Inc /Md/
Consumer Cyclical
|
Reduced | 222,137 | $72,654,348 | 2.38% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 335,044 | $69,779,613 | 2.29% | |
| MA |
Mastercard Inc
Financial Services
|
Added | 129,091 | $64,501,609 | 2.12% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 477,776 | $59,378,001 | 1.95% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 190,490 | $56,034,538 | 1.84% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Reduced | 637,913 | $49,495,669 | 1.62% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Reduced | 55,579 | $47,019,278 | 1.54% | |
| AXP |
American Express Co
Financial Services
|
Reduced | 154,755 | $46,810,292 | 1.54% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Added | 141,246 | $46,454,396 | 1.52% | |
| RTX |
RTX Corp
Industrials
|
Reduced | 237,492 | $45,812,206 | 1.50% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 167,082 | $40,841,524 | 1.34% | |
| DIS |
Walt Disney Co
Communication Services
|
Added | 417,459 | $40,234,698 | 1.32% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Added | 332,467 | $39,992,455 | 1.31% | |
| BLK |
BlackRock, Inc.
Financial Services
|
Added | 40,111 | $38,575,149 | 1.27% | |
| MS |
Morgan Stanley
Financial Services
|
Reduced | 223,795 | $36,829,943 | 1.21% | |
| CRM |
Salesforce, Inc.
Technology
|
Added | 196,277 | $36,639,027 | 1.20% | |
| MLM |
Martin Marietta Materials Inc
Basic Materials
|
Reduced | 62,239 | $36,638,854 | 1.20% | |
| FDX |
Fedex Corp
Industrials
|
Reduced | 102,017 | $36,336,415 | 1.19% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
Added | 722,145 | $35,204,568 | 1.15% | |
| C |
Citigroup Inc
Financial Services
|
Reduced | 292,214 | $33,139,989 | 1.09% | |
| MCD |
Mcdonalds Corp
Consumer Cyclical
|
Added | 104,532 | $32,487,500 | 1.07% | |
| CVX |
Chevron Corp
Energy
|
Reduced | 153,757 | $31,812,323 | 1.04% | |
| MDY |
Spdr S&P Midcap 400 ETF Trust
|
Reduced | 49,152 | $30,314,987 | 0.99% | |
| EQIX |
Equinix Inc
Real Estate
|
Reduced | 29,724 | $29,136,653 | 0.96% | |
| SYF |
Synchrony Financial
Financial Services
|
Reduced | 412,180 | $28,036,483 | 0.92% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
Added | 56,987 | $28,010,820 | 0.92% | |
| COF |
Capital One Financial Corp
Financial Services
|
Added | 147,455 | $26,900,215 | 0.88% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Reduced | 26,927 | $26,830,870 | 0.88% | |
| COP |
Conocophillips
Energy
|
Reduced | 199,032 | $26,272,224 | 0.86% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 43,352 | $24,802,979 | 0.81% | |
| ZTS |
Zoetis Inc.
Healthcare
|
Added | 209,297 | $24,740,998 | 0.81% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Added | 159,266 | $24,732,417 | 0.81% | |
| BA |
Boeing Co
Industrials
|
Reduced | 111,272 | $22,146,466 | 0.73% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Added | 80,404 | $21,756,518 | 0.71% | |
| CSX |
Csx Corp
Industrials
|
Reduced | 516,427 | $21,199,328 | 0.70% | |
| INTC |
Intel Corp
Technology
|
Reduced | 476,267 | $21,017,662 | 0.69% | |
| NOW |
ServiceNow, Inc.
Technology
|
Added | 195,076 | $20,395,195 | 0.67% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Reduced | 266,073 | $20,234,851 | 0.66% | |
| AMT |
American Tower Corp /Ma/
Real Estate
|
Added | 116,814 | $20,159,760 | 0.66% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Reduced | 399,777 | $20,068,805 | 0.66% | |
| YUMC |
Yum China Holdings, Inc.
Consumer Cyclical
|
Reduced | 407,989 | $19,901,703 | 0.65% | |
| T |
At&T Inc.
Communication Services
|
Reduced | 684,186 | $19,834,552 | 0.65% | |
| AMGN |
Amgen Inc
Healthcare
|
Reduced | 54,773 | $19,271,880 | 0.63% |