HERITAGE INVESTORS MANAGEMENT CORP
Filing Date
Global Rank
#920
/ 8,588
▼ 10
Top Industry
Semiconductors
8.9%
3Y Alpha vs SPY
-4.3%
Period ended 3 months ago
Filed Apr 24, 2026 · 54d
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
+59.8%
SPY
+78.1%
Annualised alpha
-4.3%
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 51–100
of 209 positions by value
· page 2 of 5
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| APD |
Air Products & Chemicals, Inc.
Basic Materials
|
Reduced | 65,581 | $19,050,624 | 0.62% | |
| PCAR |
Paccar Inc
Industrials
|
Reduced | 164,549 | $19,005,409 | 0.62% | |
| IQV |
Iqvia Holdings Inc.
Healthcare
|
Added | 109,388 | $18,655,029 | 0.61% | |
| STZ |
Constellation Brands, Inc.
Consumer Defensive
|
Reduced | 120,449 | $18,067,350 | 0.59% | |
| YUM |
Yum Brands Inc
Consumer Cyclical
|
Reduced | 114,689 | $17,831,845 | 0.58% | |
| NKE |
NIKE, Inc.
Consumer Cyclical
|
Reduced | 333,335 | $17,606,754 | 0.58% | |
| LMT |
Lockheed Martin Corp
Industrials
|
Reduced | 28,824 | $17,420,937 | 0.57% | |
| MCK |
Mckesson Corp
Healthcare
|
Reduced | 20,030 | $17,333,160 | 0.57% | |
| CMG |
Chipotle Mexican Grill Inc
Consumer Cyclical
|
Added | 538,495 | $17,237,224 | 0.57% | |
| LDOS |
Leidos Holdings, Inc.
Technology
|
Added | 102,345 | $15,916,694 | 0.52% | |
| NEE |
Nextera Energy Inc
Utilities
|
Reduced | 169,153 | $15,710,930 | 0.52% | |
| ACN |
Accenture plc
Technology
|
Added | 78,231 | $15,512,424 | 0.51% | |
| HON |
Honeywell International Inc
Industrials
|
Added | 68,120 | $15,397,163 | 0.51% | |
| XOM |
Exxon Mobil Corp
Energy
|
Reduced | 90,014 | $15,271,775 | 0.50% | |
| BURL |
Burlington Stores, Inc.
Consumer Cyclical
|
Added | 46,846 | $15,242,751 | 0.50% | |
| ADP |
Automatic Data Processing Inc
Technology
|
Added | 73,344 | $14,902,033 | 0.49% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 66,550 | $14,473,959 | 0.47% | |
| SLB |
Slb Limited/Nv
Energy
|
Reduced | 276,341 | $14,201,163 | 0.47% | |
| ADBE |
Adobe Inc.
Technology
|
Added | 57,189 | $13,901,502 | 0.46% | |
| PSX |
Phillips 66
Energy
|
Reduced | 74,457 | $13,564,576 | 0.44% | |
| V |
Visa Inc.
Financial Services
|
Added | 44,356 | $13,406,157 | 0.44% | |
| DDOG |
Datadog, Inc.
Technology
|
Added | 112,653 | $13,298,686 | 0.44% | |
| BSX |
Boston Scientific Corp
Healthcare
|
Added | 197,162 | $12,371,915 | 0.41% | |
| LIN |
Linde PLC
Basic Materials
|
Added | 24,942 | $12,365,245 | 0.41% | |
| TROW |
Price T Rowe Group Inc
Financial Services
|
Reduced | 136,589 | $12,312,132 | 0.40% | |
| IBM |
International Business Machines Corp
Technology
|
Reduced | 48,306 | $11,708,891 | 0.38% | |
| ZBH |
Zimmer Biomet Holdings, Inc.
Healthcare
|
Reduced | 126,959 | $11,479,632 | 0.38% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 78,237 | $11,300,552 | 0.37% | |
| AER |
AerCap Holdings N.V.
Industrials
|
Reduced | 80,751 | $11,077,422 | 0.36% | |
| PFE |
Pfizer Inc
Healthcare
|
Reduced | 373,030 | $10,474,682 | 0.34% | |
| ADM |
Archer-Daniels-Midland Co
Consumer Defensive
|
Reduced | 138,650 | $10,078,468 | 0.33% | |
| LHX |
L3harris Technologies, Inc. /De/
Industrials
|
Reduced | 28,343 | $9,782,586 | 0.32% | |
| MDLZ |
Mondelez International, Inc.
Consumer Defensive
|
Added | 164,118 | $9,459,761 | 0.31% | |
| TM |
Toyota Motor Corp/
Consumer Cyclical
|
Reduced | 45,134 | $9,301,666 | 0.31% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 9,795 | $9,009,147 | 0.30% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 18,463 | $8,847,469 | 0.29% | |
| NSC |
Norfolk Southern Corp
Industrials
|
Reduced | 29,661 | $8,512,707 | 0.28% | |
| BMY |
Bristol Myers Squibb Co
Healthcare
|
Reduced | 136,843 | $8,299,527 | 0.27% | |
| UNP |
Union Pacific Corp
Industrials
|
Reduced | 33,006 | $8,007,915 | 0.26% | |
| Q |
Qnity Electronics, Inc.
Technology
|
Reduced | 67,620 | $7,801,995 | 0.26% | |
| SHEL |
Shell plc
Energy
|
Reduced | 81,314 | $7,562,202 | 0.25% | |
| CMCSA |
Comcast Corp
Communication Services
|
Reduced | 261,541 | $7,508,842 | 0.25% | |
| DD |
DuPont de Nemours, Inc.
Basic Materials
|
Added | 153,614 | $7,035,521 | 0.23% | |
| HAL |
Halliburton Co
Energy
|
Reduced | 178,560 | $6,962,054 | 0.23% | |
| UPS |
United Parcel Service Inc
Industrials
|
Reduced | 69,885 | $6,875,286 | 0.23% | |
| NFLX |
Netflix Inc
Communication Services
|
Added | 69,513 | $6,683,674 | 0.22% | |
| CTVA |
Corteva, Inc.
Basic Materials
|
Reduced | 77,254 | $6,466,932 | 0.21% | |
| HWM |
Howmet Aerospace Inc.
Industrials
|
Reduced | 27,947 | $6,440,665 | 0.21% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Reduced | 38,675 | $6,394,524 | 0.21% | |
| EOG |
Eog Resources Inc
Energy
|
Added | 43,659 | $6,311,781 | 0.21% |