HERITAGE INVESTORS MANAGEMENT CORP

CIK

937589

Location

BETHESDA, MD

Portfolio Value

Small $235,427,620

Diversification

Diversified

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 SPY

Hypothetical 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, 2025

Top 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	Positions
Technology	28.3%	$861,801,494	36
Financial Services	15.1%	$459,138,515	24
Industrials	11.4%	$346,384,808	32
Consumer Cyclical	10.6%	$323,073,976	18
Healthcare	9.9%	$302,145,283	29
Communication Services	7.7%	$235,427,620	13
Consumer Defensive	6.4%	$196,172,847	13
Energy	4.2%	$126,947,724	14
Basic Materials	3.0%	$92,921,980	14
Real Estate	1.7%	$50,472,357	5
Unclassified	1.2%	$35,172,965	5
Utilities	0.6%	$19,229,730	6

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
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
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
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
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.

Portfolio Positions

Compact Export CSV View 13F filing

13 positions · $235,427,620 total · Communication Services only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Reduced	388,502	-7,458	$111,717,635	−9.9%	47.45%
DIS	Walt Disney Co Communication Services	Added	417,459	+3,301	$40,234,698	−14.6%	17.09%
META	Meta Platforms, Inc. Communication Services	Added	43,352	+9,826	$24,802,979	+12.1%	10.54%
VZ	Verizon Communications Inc Communication Services	Reduced	399,777	-7,003	$20,068,805	+21.1%	8.52%
T	At&T Inc. Communication Services	Reduced	684,186	-15,588	$19,834,552	+14.1%	8.42%
CMCSA	Comcast Corp Communication Services	Reduced	261,541	-50,465	$7,508,842	−14.1%	3.19%
NFLX	Netflix Inc Communication Services	Added	69,513	+31,884	$6,683,674	+89.4%	2.84%
WBD	Warner Bros. Discovery, Inc. Communication Services	Reduced	62,590	-2,565	$1,718,721	−8.5%	0.73%
AMX	America Movil Sab De Cv/ Communication Services	Held	58,256	0	$1,484,362	+23.3%	0.63%
IAC	IAC Inc. Communication Services	Reduced	16,638	-7,047	$666,019	−28.1%	0.28%
NYT	New York Times Co Communication Services	Held	3,065	0	$256,632	+20.6%	0.11%
MTCH	Match Group, Inc. Communication Services	Reduced	8,131	-3,347	$249,703	−32.6%	0.11%
TMUS	T-Mobile US, Inc. Communication Services	NEW	957	NEW	$200,998	NEW	0.09%