— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

HERITAGE INVESTORS MANAGEMENT CORP

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

Q3 2025 · Filed 2025-11-04
Market Value
$3.3B
+5.8%
Holdings
254
-7
New Purchases
5
Added To
47
Closed
5
Reduced
148
Top 10 Concentration
33.5%
Turnover
3.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 5.46% 4.71% +0.75% $183M
GOOGL 2.98% 2.36% +0.63% $100M
GOOG 2.79% 2.22% +0.57% $93M
AVGO 5.33% 4.94% +0.39% $178M
NVDA 2.80% 2.55% +0.24% $94M
CAT 1.79% 1.60% +0.19% $60M
LLY 0.20% 0.03% +0.17% $7M
INTC 0.49% 0.35% +0.13% $16M
JNJ 0.96% 0.85% +0.11% $32M
TMO 0.82% 0.73% +0.10% $28M
C 0.92% 0.85% +0.07% $31M
MLM 1.21% 1.14% +0.07% $41M
IQV 0.59% 0.52% +0.07% $20M
LDOS 0.60% 0.53% +0.07% $20M
HD 1.67% 1.60% +0.07% $56M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CMG 0.58% 0.83% -0.24% $20M
CRM 1.33% 1.57% -0.24% $44M
PANW 3.44% 3.67% -0.23% $115M
DIS 1.39% 1.59% -0.20% $46M
MAR 1.81% 2.01% -0.20% $61M
STZ 0.60% 0.76% -0.15% $20M
MA 2.20% 2.32% -0.13% $73M
AMZN 2.16% 2.28% -0.12% $72M
COF 0.93% 1.04% -0.11% $31M
CSCO 1.33% 1.44% -0.10% $45M
AMT 0.65% 0.76% -0.10% $22M
BSX 0.51% 0.61% -0.10% $17M
ZTS 0.88% 0.97% -0.09% $29M
MSFT 4.53% 4.62% -0.09% $151M
ADBE 0.69% 0.77% -0.08% $23M

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 59 $1.9B 56.7%
Large Cap 150 $1.4B 42.2%
Mid Cap 26 $28M 0.8%
Small Cap 14 $8M 0.3%
Micro Cap 5 $3M 0.1%

Portfolio Analytics

Avg Market Cap
$256.3B
Median Market Cap
$75.7B
Avg P/E
32.1
Median P/E
24.2
Avg Dividend Yield
0.02%
Avg Beta
0.98
# Stocks
211
# ETFs / Funds
43

Top Holdings (254 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AAPL 5.46% 717,131 $183M $254.63 $34M -9,382 -1.3%
2 AVGO 5.33% 539,879 $178M $329.91 $22M -26,527 -4.7%
3 MSFT 4.53% 292,491 $151M $517.95 $5M -1,064 -0.4%
4 PANW 3.44% 565,052 $115M $203.62 -$903K -1,596 -0.3%
5 GOOGL 2.98% 410,221 $100M $243.10 $25M -12,378 -2.9%
6 NVDA 2.80% 501,240 $94M $186.58 $13M -9,743 -1.9%
7 GOOG 2.79% 383,074 $93M $243.55 $23M -12,012 -3.0%
8 MA 2.20% 129,071 $73M $568.81 -$3K -1,584 -1.2%
9 AMZN 2.16% 329,605 $72M $219.57 $286K +1,036 +0.3%
10 JPM 1.84% 194,984 $62M $315.43 $2M -9,030 -4.4%
11 MAR 1.81% 232,370 $61M $260.44 -$3M -362 -0.2%
12 CAT 1.79% 125,392 $60M $477.15 $9M -5,018 -3.9%
13 HD 1.67% 137,458 $56M $405.19 $5M -340 -0.2%
14 AXP 1.58% 158,970 $53M $332.16 $454K -5,143 -3.1%
15 WMT 1.53% 497,986 $51M $103.06 $927K -17,410 -3.4%
16 DIS 1.39% 405,657 $46M $114.50 -$4M -647 -0.2%
17 BLK 1.36% 39,007 $45M $1,165.87 $4M -698 -1.8%
18 GS 1.36% 56,942 $45M $796.35 $2M -3,697 -6.1%
19 CSCO 1.33% 651,492 $45M $68.42 -$878K -3,641 -0.6%
20 CRM 1.33% 187,084 $44M $237.00 -$5M +5,591 +3.1%
21 RTX 1.24% 247,227 $41M $167.33 $4M -10,522 -4.1%
22 MLM 1.21% 64,326 $41M $630.27 $5M -1,320 -2.0%
23 BAC 1.13% 732,335 $38M $51.59 $3M +827 +0.1%
24 VB 1.10% 145,217 $37M $254.28 $2M -915 -0.6%
25 MS 1.10% 231,675 $37M $158.96 $2M -14,440 -5.9%
26 JNJ 0.96% 173,278 $32M $185.42 $5M -2,411 -1.4%
27 MCD 0.95% 104,952 $32M $303.89 $1M +31 +0.0%
28 COF 0.93% 145,935 $31M $212.58 -$2M -8,211 -5.3%
29 C 0.92% 304,576 $31M $101.50 $4M -11,091 -3.5%
30 SYF 0.90% 425,057 $30M $71.05 -$53K -28,241 -6.2%
31 MDY 0.90% 50,510 $30M $596.04 $1M -397 -0.8%
32 ZTS 0.88% 200,204 $29M $146.32 -$1M +3,737 +1.9%
33 MRK 0.83% 329,661 $28M $83.93 $2M +741 +0.2%
34 TMO 0.82% 56,761 $28M $485.02 $5M +174 +0.3%
35 UNH 0.82% 79,676 $28M $345.30 $3M +273 +0.3%
36 NOW 0.82% 29,814 $27M $920.27 $343K +3,460 +13.1%
37 NKE 0.76% 363,072 $25M $69.73 -$663K -2,635 -0.7%
38 CVX 0.74% 158,931 $25M $155.29 $2M -2,058 -1.3%
39 FDX 0.73% 103,661 $24M $235.81 $1M +1,599 +1.6%
40 BA 0.73% 112,994 $24M $215.83 $278K -2,068 -1.8%
41 EQIX 0.70% 30,002 $23M $783.25 $364K +919 +3.2%
42 ADBE 0.69% 65,431 $23M $352.75 -$1M +2,270 +3.6%
43 META 0.67% 30,488 $22M $734.39 -$204K -124 -0.4%
44 COST 0.66% 24,014 $22M $925.63 -$436K +1,119 +4.9%
45 PEP 0.66% 158,126 $22M $140.44 $2M +4,278 +2.8%
46 AMT 0.65% 113,248 $22M $192.32 -$2M +5,142 +4.8%
47 ADP 0.61% 69,797 $20M $293.49 -$1M -864 -1.2%
48 STZ 0.60% 149,811 $20M $134.67 -$4M +2,984 +2.0%
49 LDOS 0.60% 105,594 $20M $188.96 $3M -387 -0.4%
50 IQV 0.59% 104,242 $20M $189.94 $3M -462 -0.4%
51 CMG 0.58% 498,120 $20M $39.19 -$7M +31,560 +6.8%
52 COP 0.58% 205,628 $19M $94.59 $959K -423 -0.2%
53 ACN 0.57% 77,121 $19M $246.60 $304K +14,509 +23.2%
54 CSX 0.57% 534,411 $19M $35.51 $1M -5,990 -1.1%
55 T 0.55% 648,556 $18M $28.24 -$537K -2,849 -0.4%
56 VO 0.54% 61,439 $18M $293.74 $232K -2,226 -3.5%
57 APD 0.54% 65,941 $18M $272.73 -$428K +664 +1.0%
58 KO 0.54% 270,730 $18M $66.32 -$928K +3,833 +1.4%
59 YUMC 0.53% 416,384 $18M $42.92 -$932K -4,170 -1.0%
60 YUM 0.53% 117,379 $18M $152.00 $373K -514 -0.4%
61 VZ 0.53% 404,510 $18M $43.95 $196K -1,829 -0.5%
62 BSX 0.51% 173,454 $17M $97.63 -$2M -4,706 -2.6%
63 PCAR 0.50% 169,042 $17M $98.32 $540K -117 -0.1%
64 TROW 0.49% 158,796 $16M $102.64 -$491K -15,190 -8.7%
65 INTC 0.49% 483,854 $16M $33.55 $5M -13,911 -2.8%
66 AMGN 0.49% 57,473 $16M $282.20 $146K -93 -0.2%
67 MCK 0.47% 20,354 $16M $772.53 $668K -193 -0.9%
68 ABBV 0.46% 66,371 $15M $231.55 $3M -985 -1.5%
69 LMT 0.44% 29,597 $15M $499.21 $1M +66 +0.2%
70 ZBH 0.43% 145,994 $14M $98.50 $828K -2,587 -1.7%
71 V 0.42% 41,086 $14M $341.38 -$400K +455 +1.1%
72 IBM 0.41% 48,731 $14M $282.16 -$618K -10 -0.0%
73 CMCSA 0.40% 423,536 $13M $31.42 -$918K +24,950 +6.3%
74 HON 0.39% 62,553 $13M $210.49 -$1M +864 +1.4%
75 NEE 0.39% 173,793 $13M $75.49 $948K -1,551 -0.9%
76 PG 0.36% 78,900 $12M $153.65 -$416K +195 +0.2%
77 DD 0.35% 152,342 $12M $77.90 $1M -2,597 -1.7%
78 IEFA 0.35% 135,228 $12M $87.31 -$559K -12,902 -8.7%
79 LIN 0.35% 24,718 $12M $475.00 $2K -303 -1.2%
80 BURL 0.35% 45,773 $12M $254.50 $891K -469 -1.0%
81 VEU 0.34% 160,411 $11M $71.37 $634K -484 -0.3%
82 XOM 0.33% 98,323 $11M $112.75 $367K -1,111 -1.1%
83 PSX 0.32% 79,866 $11M $136.02 $1M -2,545 -3.1%
84 EFA 0.32% 114,936 $11M $93.37 $246K -2,372 -2.0%
85 PFE 0.31% 402,987 $10M $25.48 -$1M -62,159 -13.4%
86 AER 0.30% 83,711 $10M $121.00 $61K -2,343 -2.7%
87 DDOG 0.30% 71,040 $10M $142.40 $996K +3,144 +4.6%
88 SLB 0.29% 285,643 $10M $34.37 $850K +20,326 +7.7%
89 BRK-B 0.28% 18,730 $9M $502.72 $334K +34 +0.2%
90 PYPL 0.28% 139,280 $9M $67.06 -$1M -2,234 -1.6%
91 NSC 0.28% 31,056 $9M $300.43 -$724K -8,221 -20.9%
92 LHX 0.27% 29,517 $9M $305.42 $1M -631 -2.1%
93 ADM 0.27% 150,622 $9M $59.74 $727K -6,087 -3.9%
94 MDLZ 0.27% 143,757 $9M $62.47 -$626K +1,320 +0.9%
95 TM 0.26% 45,688 $9M $191.10 $798K -365 -0.8%
96 UNP 0.23% 32,222 $8M $236.36 $361K +691 +2.2%
97 VTI 0.22% 22,580 $7M $328.17 $251K -975 -4.1%
98 MSTR 0.21% 21,909 $7M $322.20 -$2M -106 -0.5%
99 IEMG 0.21% 104,421 $7M $65.92 -$112K -12,106 -10.4%
100 LLY 0.20% 8,913 $7M $763.04 $6M +7,709 +640.3%

New Positions

SymbolValue% Port
VGT $547K 0.02%
IWN $256K 0.01%
RBLX $234K 0.01%
SCHD $227K 0.01%
SPYG $214K 0.01%

Sold Out Positions

SymbolValue% Port
ALLE —%
AUB —%
BCPC —%
WFC —%
ANGIV —%
View SEC EDGAR Filings for HERITAGE INVESTORS MANAGEMENT CORP →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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