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Asset Manager ← All Institutions

HERITAGE INVESTORS MANAGEMENT CORP

7101 WISCONSIN AVENUE STE 950, BETHESDA, MD 20814 • 3019510440

Q2 2025 · Filed 2025-08-04
Market Value
$3.2B
+8.5%
Holdings
261
New Purchases
9
Added To
56
Closed
12
Reduced
130
Top 10 Concentration
31.7%
Turnover
8.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AVGO 4.94% 3.44% +1.49% $156M
MSFT 4.62% 3.92% +0.70% $146M
NVDA 2.55% 1.94% +0.61% $81M
PANW 3.67% 3.41% +0.26% $116M
DIS 1.59% 1.37% +0.22% $50M
GS 1.36% 1.15% +0.21% $43M
COF 1.04% 0.84% +0.20% $33M
NOW 0.86% 0.71% +0.14% $27M
CAT 1.60% 1.46% +0.14% $51M
AXP 1.66% 1.53% +0.13% $52M
SYF 0.96% 0.84% +0.12% $30M
AMZN 2.28% 2.16% +0.12% $72M
JPM 1.87% 1.75% +0.12% $59M
META 0.71% 0.60% +0.12% $23M
MAR 2.01% 1.90% +0.11% $64M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 4.71% 5.57% -0.85% $149M
UNH 0.78% 1.34% -0.55% $25M
CVX 0.73% 0.92% -0.19% $23M
MA 2.32% 2.51% -0.19% $73M
MCD 0.97% 1.14% -0.17% $31M
MRK 0.82% 0.99% -0.16% $26M
ZBH 0.43% 0.59% -0.16% $14M
YUMC 0.59% 0.75% -0.16% $19M
COP 0.58% 0.74% -0.16% $18M
TMO 0.73% 0.88% -0.16% $23M
JNJ 0.85% 1.00% -0.15% $27M
ZTS 0.97% 1.10% -0.13% $31M
DFS 0.00% 0.12% -0.12% $0
STZ 0.76% 0.87% -0.11% $24M
AMGN 0.51% 0.62% -0.11% $16M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 25.7%
Financial Services 19.2%
Industrials 10.8%
Communication Services 10.3%
Consumer Cyclical 9.8%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 61 $1.7B 54.1%
Large Cap 149 $1.4B 44.7%
Mid Cap 30 $26M 0.8%
Small Cap 15 $9M 0.3%
Micro Cap 6 $3M 0.1%

Portfolio Analytics

Avg Market Cap
$251.4B
Median Market Cap
$74.3B
Avg P/E
31.8
Median P/E
23.5
Avg Dividend Yield
0.02%
Avg Beta
0.96
# Stocks
218
# ETFs / Funds
43

Top Holdings (261 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AVGO 4.94% 566,406 $156M $275.65 $56M -33,354 -5.6%
2 AAPL 4.71% 726,513 $149M $205.17 -$13M -4,294 -0.6%
3 MSFT 4.62% 293,555 $146M $497.41 $32M -10,890 -3.6%
4 PANW 3.67% 566,648 $116M $204.64 $17M -15,713 -2.7%
5 NVDA 2.55% 510,983 $81M $157.99 $24M -11,903 -2.3%
6 GOOGL 2.36% 422,599 $74M $176.23 $9M -1,382 -0.3%
7 MA 2.32% 130,655 $73M $561.94 $301K -2,745 -2.1%
8 AMZN 2.28% 328,569 $72M $219.39 $9M -2,320 -0.7%
9 GOOG 2.22% 395,086 $70M $177.39 $8M -2,667 -0.7%
10 MAR 2.01% 232,732 $64M $273.21 $8M +668 +0.3%
11 JPM 1.87% 204,014 $59M $289.91 $8M -4,265 -2.0%
12 AXP 1.66% 164,113 $52M $318.98 $8M -1,159 -0.7%
13 CAT 1.60% 130,410 $51M $388.21 $8M +1,441 +1.1%
14 HD 1.60% 137,798 $51M $366.64 $2M +5,555 +4.2%
15 WMT 1.59% 515,396 $50M $97.78 $4M -9,919 -1.9%
16 DIS 1.59% 406,304 $50M $124.01 $10M +439 +0.1%
17 CRM 1.57% 181,493 $49M $272.69 $2M +4,255 +2.4%
18 CSCO 1.44% 655,133 $45M $69.38 $4M -14,359 -2.1%
19 GS 1.36% 60,639 $43M $707.75 $9M -814 -1.3%
20 BLK 1.32% 39,705 $42M $1,049.24 $4M +299 +0.8%
21 RTX 1.19% 257,749 $38M $146.02 $3M -7,039 -2.7%
22 MLM 1.14% 65,646 $36M $548.96 $4M -508 -0.8%
23 MS 1.10% 246,115 $35M $140.86 $5M -5,901 -2.3%
24 VB 1.10% 146,132 $35M $236.98 $2M -453 -0.3%
25 BAC 1.09% 731,508 $35M $47.32 $4M -4,734 -0.6%
26 COF 1.04% 154,146 $33M $212.76 $8M +17,589 +12.9%
27 MCD 0.97% 104,921 $31M $292.17 -$3M -1,303 -1.2%
28 ZTS 0.97% 196,467 $31M $155.95 -$1M +1,378 +0.7%
29 SYF 0.96% 453,298 $30M $66.74 $6M -7,196 -1.6%
30 MDY 0.91% 50,907 $29M $566.48 $1M -562 -1.1%
31 NOW 0.86% 26,354 $27M $1,028.08 $6M +253 +1.0%
32 C 0.85% 315,667 $27M $85.12 $4M -5,654 -1.8%
33 JNJ 0.85% 175,689 $27M $152.75 -$2M +138 +0.1%
34 CMG 0.83% 466,560 $26M $56.15 $4M +17,292 +3.9%
35 MRK 0.82% 328,920 $26M $79.16 -$3M +8,073 +2.5%
36 NKE 0.82% 365,707 $26M $71.04 $2M -8,819 -2.4%
37 UNH 0.78% 79,403 $25M $311.97 -$14M +4,960 +6.7%
38 ADBE 0.77% 63,161 $24M $386.88 $1M +3,100 +5.2%
39 BA 0.76% 115,062 $24M $209.53 $4M -2,540 -2.2%
40 AMT 0.76% 108,106 $24M $221.02 $586K +981 +0.9%
41 STZ 0.76% 146,827 $24M $162.68 -$1M +8,613 +6.2%
42 FDX 0.73% 102,062 $23M $227.31 -$922K +3,111 +3.1%
43 EQIX 0.73% 29,083 $23M $795.48 $180K +930 +3.3%
44 CVX 0.73% 160,989 $23M $143.19 -$4M +384 +0.2%
45 TMO 0.73% 56,587 $23M $405.46 -$3M +4,971 +9.6%
46 COST 0.72% 22,895 $23M $989.91 $529K -509 -2.2%
47 META 0.71% 30,612 $23M $738.08 $5M +286 +0.9%
48 ADP 0.69% 70,661 $22M $308.40 -$185K -1,270 -1.8%
49 PEP 0.64% 153,848 $20M $132.04 -$1M +9,883 +6.9%
50 BSX 0.61% 178,160 $19M $107.41 $339K -8,205 -4.4%
51 KO 0.60% 266,897 $19M $70.75 -$839K -8,507 -3.1%
52 T 0.60% 651,405 $19M $28.94 $101K -11,660 -1.8%
53 YUMC 0.59% 420,554 $19M $44.71 -$3M -1,724 -0.4%
54 ACN 0.59% 62,612 $19M $298.89 $1M +6,080 +10.8%
55 COP 0.58% 206,051 $18M $89.74 -$3M -465 -0.2%
56 APD 0.58% 65,277 $18M $282.06 -$416K +1,435 +2.2%
57 VO 0.56% 63,665 $18M $279.82 $963K -1,498 -2.3%
58 CSX 0.56% 540,401 $18M $32.63 $2M +2,127 +0.4%
59 VZ 0.56% 406,339 $18M $43.27 -$1M -3,696 -0.9%
60 YUM 0.55% 117,893 $17M $148.18 -$1M -2,277 -1.9%
61 TROW 0.53% 173,986 $17M $96.50 $79K -7,907 -4.3%
62 LDOS 0.53% 105,981 $17M $157.76 $2M -564 -0.5%
63 IQV 0.52% 104,704 $16M $157.59 -$212K +9,909 +10.4%
64 PCAR 0.51% 169,159 $16M $95.06 -$362K +307 +0.2%
65 AMGN 0.51% 57,566 $16M $279.21 -$2M -572 -1.0%
66 MCK 0.48% 20,547 $15M $732.76 $1M -95 -0.5%
67 V 0.46% 40,631 $14M $355.05 -$235K -1,203 -2.9%
68 IBM 0.45% 48,741 $14M $294.78 $2M -1,788 -3.5%
69 HON 0.45% 61,689 $14M $232.88 $1M -512 -0.8%
70 CMCSA 0.45% 398,586 $14M $35.69 -$340K +3,837 +1.0%
71 LMT 0.43% 29,531 $14M $463.14 $2M +4,173 +16.5%
72 ZBH 0.43% 148,581 $14M $91.21 -$4M -3,118 -2.1%
73 PG 0.40% 78,705 $13M $159.32 -$782K +540 +0.7%
74 ABBV 0.40% 67,356 $13M $185.63 -$2M -453 -0.7%
75 IEFA 0.39% 148,130 $12M $83.48 $980K -2,375 -1.6%
76 NEE 0.38% 175,344 $12M $69.42 -$184K +1,040 +0.6%
77 LIN 0.37% 25,021 $12M $469.17 -$19K -231 -0.9%
78 PFE 0.36% 465,146 $11M $24.24 -$611K -3,895 -0.8%
79 INTC 0.35% 497,765 $11M $22.40 -$45K +4,798 +1.0%
80 VEU 0.34% 160,895 $11M $67.22 $768K -4,688 -2.8%
81 BURL 0.34% 46,242 $11M $232.65 -$329K -276 -0.6%
82 XOM 0.34% 99,434 $11M $107.80 -$1M -1,403 -1.4%
83 DD 0.34% 154,939 $11M $68.59 -$909K +483 +0.3%
84 PYPL 0.33% 141,514 $11M $74.32 $1M -1,462 -1.0%
85 EFA 0.33% 117,308 $10M $89.39 $659K -2,925 -2.4%
86 AER 0.32% 86,054 $10M $117.00 $770K -4,952 -5.4%
87 NSC 0.32% 39,277 $10M $255.98 $648K -443 -1.1%
88 PSX 0.31% 82,411 $10M $119.30 -$362K -128 -0.2%
89 MDLZ 0.30% 142,437 $10M $67.44 -$114K -817 -0.6%
90 DDOG 0.29% 67,896 $9M $134.32 $4M +11,356 +20.1%
91 BRK-B 0.29% 18,696 $9M $485.77 -$632K +451 +2.5%
92 SLB 0.28% 265,317 $9M $33.80 -$2M +7,915 +3.1%
93 MSTR 0.28% 22,015 $9M $404.22 $2M -270 -1.2%
94 ADM 0.26% 156,709 $8M $52.78 $647K -2,094 -1.3%
95 TM 0.25% 46,053 $8M $172.26 -$197K
96 UPS 0.25% 78,317 $8M $100.94 -$920K -1,915 -2.4%
97 LHX 0.24% 30,148 $8M $250.83 $1M -256 -0.8%
98 PM 0.23% 40,567 $7M $182.12 $174K -4,882 -10.7%
99 UNP 0.23% 31,531 $7M $230.09 $211K +1,712 +5.7%
100 VTI 0.23% 23,555 $7M $303.93 $311K -1,360 -5.5%

New Positions

SymbolValue% Port
BRK-A $729K 0.02%
WFC $327K 0.01%
SKYH $301K 0.01%
ANGIV $271K 0.01%
AUB $235K 0.01%
EEMV $214K 0.01%
IJT $213K 0.01%
IGIB $211K 0.01%
GBTC $204K 0.01%

Sold Out Positions

SymbolValue% Port
PPG —%
HDSN —%
OPCH —%
CEF —%
VUG —%
TXN —%
SHM —%
VYM —%
DFS —%
TGNA —%
WBA —%
SASR —%
View SEC EDGAR Filings for HERITAGE INVESTORS MANAGEMENT CORP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms