Heritage Investors Management Corp.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 29, 2024), Heritage Investors Management Corp. reported 255 stock positions worth $2.8 billion. Its top holding was Apple (AAPL) at 4.6% of the portfolio, followed by Microsoft (MSFT, 4.6%) and Palo Alto Networks (PANW, 3.0%). Compared with Q4 2023, it opened 13 new positions, sold out of 6, added to 67 and reduced 126. The biggest buy was Adobe (ADBE, shares +5784%) and the biggest sale Apple (AAPL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- BETHESDA, MD
- CIK
- 0000937589
- Portfolio Value
- $2.8B (Q1 2024)
- SEC Filing
- 0000937589-24-000002 ↗ filed Apr 29, 2024
Holdings Value
Holdings 255 stocks · $2.8B
| AAPL Apple Inc. | 4.59% | 759,233 | $130.2M | Reduce -0.5% |
| MSFT Microsoft Corp. | 4.56% | 307,024 | $129.2M | Reduce -1.6% |
| PANW Palo Alto Networks Inc. | 2.99% | 298,683 | $84.9M | Add +0.4% |
| AVGO Broadcom Inc. | 2.92% | 62,355 | $82.6M | Reduce -2.9% |
| MA Mastercard Inc. Class A | 2.37% | 139,604 | $67.2M | Reduce -1.7% |
| GOOGL Alphabet Inc. Class A | 2.27% | 426,660 | $64.4M | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 2.22% | 413,688 | $63.0M | Reduce -1.3% |
| MAR Marriott International Class A | 2.10% | 235,662 | $59.5M | Reduce -2.5% |
| AMZN Amazon.com Inc. | 2.09% | 328,614 | $59.3M | Reduce -0.5% |
| CAT Caterpillar Inc. | 1.78% | 138,041 | $50.6M | Reduce -4.1% |
| CRM Salesforce Inc. | 1.75% | 164,255 | $49.5M | Reduce -1.0% |
| HD Home Depot Inc. | 1.73% | 127,985 | $49.1M | Reduce -1.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.65% | 381,144 | $46.6M | Add +0.6% |
| JPM JPMorgan Chase & Co. | 1.60% | 226,717 | $45.4M | Reduce -2.9% |
| NVDA Nvidia Corp. | 1.55% | 48,573 | $43.9M | Reduce -1.6% |
| AXP American Express Co. | 1.44% | 179,068 | $40.8M | Reduce -3.6% |
| MLM Martin Marietta Materials | 1.39% | 64,165 | $39.4M | Reduce -4.9% |
| MRK Merck & Co. Inc. | 1.28% | 274,950 | $36.3M | Reduce -1.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.24% | 154,209 | $35.3M | Reduce -0.3% |
| WMT Walmart Inc. | 1.22% | 574,330 | $34.6M | Reduce -1.6% |
| CSCO Cisco Systems Inc. | 1.20% | 679,854 | $33.9M | Add +0.7% |
| UNH Unitedhealth Group Inc. | 1.14% | 65,356 | $32.3M | Add +2.2% |
| BLK BlackRock Finance Inc. | 1.13% | 38,391 | $32.0M | Reduce -0.4% |
| STZ Constellation Brands Inc. Class A | 1.12% | 116,937 | $31.8M | Reduce -0.8% |
| MDY State Street SPDR S&P Midcap | 1.07% | 54,596 | $30.4M | Reduce -2.0% |
| NKE Nike Inc. Class B | 1.07% | 321,663 | $30.2M | Add +3.9% |
| MCD McDonald's Corp. | 1.05% | 105,242 | $29.7M | Add +0.1% |
| ZTS Zoetis Inc. | 1.04% | 173,784 | $29.4M | Add +0.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.03% | 768,903 | $29.2M | Reduce -0.4% |
| GS Goldman Sachs Group Inc. | 1.00% | 68,074 | $28.4M | Reduce -1.8% |
| RTX RTX Corp. | 0.98% | 285,567 | $27.9M | Reduce -0.0% |
| FDX FedEx Corp. | 0.94% | 92,296 | $26.7M | Add +3.7% |
| JNJ Johnson & Johnson | 0.94% | 167,551 | $26.5M | Add +0.9% |
| TMO Thermo Fisher Scientific Inc. | 0.91% | 44,202 | $25.7M | Reduce -0.5% |
| MS Morgan Stanley | 0.90% | 269,887 | $25.4M | Add +1.6% |
| CVX Chevron Corp. | 0.89% | 159,536 | $25.2M | Add +1.5% |
| COP Conocophillips | 0.87% | 194,739 | $24.8M | Add +0.3% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.84% | 196,148 | $23.9M | Reduce -0.6% |
| INTC Intel Corp. | 0.82% | 524,672 | $23.2M | Add +0.9% |
| EQIX Equinix Inc. | 0.79% | 27,219 | $22.5M | Reduce -0.6% |
| C Citigroup Inc. | 0.79% | 352,753 | $22.3M | Reduce -0.8% |
| CMG Chipotle Mexican Grill Inc. | 0.78% | 7,559 | $22.0M | Reduce -0.9% |
| COF Capital One Financial Corp. | 0.77% | 146,927 | $21.9M | Reduce -1.5% |
| SYF Synchrony Financial | 0.76% | 500,419 | $21.6M | Reduce -2.0% |
| PCAR Paccar Inc. | 0.75% | 172,045 | $21.3M | Reduce -4.5% |
| ADP Automatic Data Processing | 0.72% | 81,533 | $20.4M | Reduce -1.3% |
| BA The Boeing Co. | 0.70% | 102,756 | $19.8M | Add +15.3% |
| CSX CSX Corp. | 0.70% | 531,952 | $19.7M | Reduce -2.3% |
| PEP Pepsico Inc. | 0.68% | 110,856 | $19.4M | Add +1.8% |
| ZBH Zimmer Biomet Holdings Inc. | 0.68% | 146,036 | $19.3M | Reduce -0.2% |
| AMT American Tower Corp. | 0.68% | 97,034 | $19.2M | Add +1.8% |
| AMGN Amgen Inc. | 0.64% | 64,236 | $18.3M | Reduce -1.1% |
| YUM Yum! Brands Inc. | 0.64% | 130,578 | $18.1M | Reduce -0.8% |
| IQV Iqvia Holdings Inc. | 0.63% | 70,848 | $17.9M | Add +0.6% |
| COST Costco Wholesale Corp. | 0.62% | 23,846 | $17.5M | Reduce -1.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.61% | 69,166 | $17.3M | Reduce -0.5% |
| YUMC Yum China Holdings Inc. | 0.61% | 433,595 | $17.3M | Add +5.8% |
| KO The Coca-Cola Co. | 0.60% | 275,737 | $16.9M | Add +0.1% |
| VZ Verizon Communications Inc. | 0.59% | 399,978 | $16.8M | Reduce -0.3% |
| CMCSA Comcast Corp. Class A | 0.58% | 377,230 | $16.4M | Add +3.6% |
| NOW ServiceNow Inc. | 0.56% | 20,645 | $15.7M | Reduce -0.4% |
| META Meta Platforms Inc. Class A | 0.54% | 31,798 | $15.4M | Reduce -1.6% |
| APD Air Products & Chemicals Inc. | 0.54% | 63,509 | $15.4M | Add +7.0% |
| BSX Boston Scientific Corp. | 0.52% | 214,266 | $14.7M | Reduce -2.7% |
| ACN Accenture PLC Class A | 0.50% | 41,001 | $14.2M | Add +1.1% |
| PSX Phillips 66 | 0.48% | 83,144 | $13.6M | Reduce -3.0% |
| LDOS Leidos Holdings Inc. | 0.48% | 103,120 | $13.5M | Reduce -3.0% |
| PFE Pfizer Inc. | 0.48% | 485,782 | $13.5M | Add +5.2% |
| PG The Procter & Gamble Co. | 0.47% | 81,681 | $13.3M | Reduce -1.9% |
| ABBV Abbvie Inc. | 0.46% | 72,287 | $13.2M | Reduce -3.8% |
| HON Honeywell International Inc. | 0.45% | 62,049 | $12.7M | Add +0.2% |
| LIN Linde PLC | 0.45% | 27,395 | $12.7M | Reduce -1.9% |
| T AT&T Inc. | 0.44% | 706,353 | $12.4M | Add +0.2% |
| UPS United Parcel Service Class B | 0.43% | 82,332 | $12.2M | Add +0.3% |
| DD Dupont DE Nemours Inc. | 0.43% | 158,989 | $12.2M | Reduce -0.1% |
| TM Toyota Motor Corp. -Spon ADR | 0.42% | 46,774 | $11.8M | Reduce -2.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.41% | 158,336 | $11.8M | Reduce -0.5% |
| MCK McKesson Corp. | 0.41% | 21,469 | $11.5M | Reduce -2.4% |
| V Visa Inc. Class A | 0.40% | 41,077 | $11.5M | Reduce -2.0% |
| XOM Exxon Mobil Corp. | 0.40% | 97,794 | $11.4M | Reduce -0.1% |
| LMT Lockheed Martin Corp. | 0.40% | 24,739 | $11.3M | Add +0.9% |
| BURL Burlington Stores Inc. | 0.39% | 47,345 | $11.0M | Reduce -0.3% |
| NSC Norfolk Southern Corp. | 0.38% | 42,652 | $10.9M | Reduce -2.8% |
| NEE Nextera Energy Inc. | 0.38% | 169,680 | $10.8M | Add +4.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.37% | 55,391 | $10.6M | Reduce -1.1% |
| ADBE Adobe Inc. | 0.36% | 20,477 | $10.3M | Add +5784.2% |
| PYPL PayPal Holdings Inc. | 0.36% | 151,910 | $10.2M | Add +14.8% |
| EFA iShares MSCI Eafe ETF | 0.36% | 127,312 | $10.2M | Reduce -1.0% |
| VEU Vanguard Ftse All-World Ex-U | 0.35% | 170,899 | $10.0M | Reduce -1.5% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.35% | 180,847 | $9.9M | Add +9.1% |
| ADM Archer-Daniels-Midland Co. | 0.34% | 154,095 | $9.7M | Add +4.8% |
| PM Philip Morris International | 0.33% | 103,281 | $9.5M | Reduce -0.4% |
| AER Aercap Holdings NV | 0.32% | 102,982 | $8.9M | Reduce -4.7% |
| BMY Bristol-Myers Squibb Co. | 0.31% | 160,184 | $8.7M | Add +10.2% |
| MDLZ Mondelez International Inc. Class A | 0.29% | 118,922 | $8.3M | Add +0.8% |
| TGT Target Corp. | 0.29% | 46,394 | $8.2M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 19,505 | $8.2M | Reduce -3.4% |
| VOO Vanguard S&P 500 ETF | 0.27% | 16,065 | $7.7M | Reduce -2.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 29,089 | $7.6M | Reduce -0.9% |
| UNP Union Pacific Corp. | 0.26% | 29,815 | $7.3M | Reduce -1.0% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -0.5% | 4.59% | −0.96 |
| SPLK Splunk Inc. | Sold out | 0.00% | −0.83 |
| AMGN Amgen Inc. | Reduce -1.1% | 0.64% | −0.06 |
| BLK BlackRock Finance Inc. | Reduce -0.4% | 1.13% | −0.05 |
| EQIX Equinix Inc. | Reduce -0.6% | 0.79% | −0.04 |
| SLM SLM Corp. | Reduce -24.1% | 0.16% | −0.04 |
| PM Philip Morris International | Reduce -0.4% | 0.33% | −0.03 |
| DD Dupont DE Nemours Inc. | Reduce -0.1% | 0.43% | −0.03 |
| UNP Union Pacific Corp. | Reduce -1.0% | 0.26% | −0.02 |
| REZI Resideo Technologies Inc. | Reduce -24.5% | 0.09% | −0.02 |
| CSX CSX Corp. | Reduce -2.3% | 0.70% | −0.02 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -1.5% | 0.35% | −0.01 |
| LHX L3HARRIS Technologies Inc. | Reduce -0.1% | 0.23% | −0.01 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.01 |
| MMM 3M Co. | Reduce -0.9% | 0.11% | −0.01 |
| SHEL Shell PLC-ADR | Reduce -0.0% | 0.23% | −0.01 |
| BF.B Brown-Forman Corp. Class B | Reduce -0.2% | 0.06% | −0.01 |
| YUM Yum! Brands Inc. | Reduce -0.8% | 0.64% | −0.01 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.01 |
| ADP Automatic Data Processing | Reduce -1.3% | 0.72% | −0.01 |
| DXC DXC Technology Co. | Reduce -1.0% | 0.05% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -3.8% | 0.13% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.5% | 0.41% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -1.3% | 2.22% | −0.01 |
| WBD Warner Bros Discovery Inc. | Reduce -0.6% | 0.02% | −0.01 |
| NSC Norfolk Southern Corp. | Reduce -2.8% | 0.38% | −0.01 |
| ABT Abbott Laboratories | Reduce -0.8% | 0.18% | −0.01 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.01 |
| V Visa Inc. Class A | Reduce -2.0% | 0.40% | −0.01 |
| LEU Centrus Energy Corp. Class A | Sold out | 0.00% | −0.01 |
| HSY The Hershey Co. | Reduce -1.4% | 0.18% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -1.0% | 0.36% | −0.01 |
| BX Blackstone Inc. | Reduce -4.7% | 0.05% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -1.8% | 1.00% | −0.01 |
| TAK Takeda Pharmaceutic-SP ADR | Reduce -1.0% | 0.06% | −0.01 |
| ADI Analog Devices Inc. | Reduce -6.5% | 0.04% | −0.01 |
| CARR Carrier Global Corp. | Reduce -0.1% | 0.10% | −0.01 |
| MPC Marathon Petroleum Corp. | Reduce -35.3% | 0.02% | −0.01 |
| DUK Duke Energy Corp. | Reduce -3.5% | 0.04% | −0.00 |
| MTCH Match Group Inc. | Reduce -2.2% | 0.05% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -10.8% | 0.04% | −0.00 |
| INTU Intuit Inc. | Reduce -6.6% | 0.04% | −0.00 |
| IWF iShares Russell 1000 Growth | Reduce -17.5% | 0.02% | −0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.3% | 1.24% | −0.00 |
| USLM United States Lime & Mineral | Reduce -20.7% | 0.07% | −0.00 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -14.3% | 0.01% | −0.00 |
| EPD Enterprise Products Partners | Reduce -10.8% | 0.03% | −0.00 |
| DOW Dow Inc. | Reduce -0.7% | 0.10% | −0.00 |
| QRVO Qorvo Inc. | Reduce -10.2% | 0.01% | −0.00 |
| BCPC Balchem Corp. | Reduce -8.3% | 0.01% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| ADBE Adobe Inc. | Add +5784.2% | 0.36% | +0.36 |
| DIS The Walt Disney Co. | Add +0.6% | 1.65% | +0.35 |
| FDX FedEx Corp. | Add +3.7% | 0.94% | +0.09 |
| PYPL PayPal Holdings Inc. | Add +14.8% | 0.36% | +0.05 |
| GE General Electric | Add +0.6% | 0.14% | +0.03 |
| BMY Bristol-Myers Squibb Co. | Add +10.2% | 0.31% | +0.02 |
| RNG Ringcentral Inc. Class A | Add +19.4% | 0.19% | +0.02 |
| SLB SLB Ltd. | Add +9.1% | 0.35% | +0.02 |
| COP Conocophillips | Add +0.3% | 0.87% | +0.02 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.02% | +0.02 |
| CTVA Corteva Inc. | Add +0.1% | 0.16% | +0.02 |
| IQV Iqvia Holdings Inc. | Add +0.6% | 0.63% | +0.02 |
| GM General Motors Co. | Add +0.6% | 0.08% | +0.01 |
| VEA Vanguard Ftse Developed ETF | New | 0.01% | +0.01 |
| NEE Nextera Energy Inc. | Add +4.8% | 0.38% | +0.01 |
| CEG Constellation Energy | New | 0.01% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.01% | +0.01 |
| MU Micron Technology Inc. | New | 0.01% | +0.01 |
| OGN Organon & Co. | Add +0.0% | 0.04% | +0.01 |
| TRN Trinity Industries Inc. | New | 0.01% | +0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.01% | +0.01 |
| THC Tenet Healthcare Corp. | New | 0.01% | +0.01 |
| BAM Brookfield Asset Mgmt-A | New | 0.01% | +0.01 |
| MRO Marathon Oil Corp. | New | 0.01% | +0.01 |
| WFC Wells Fargo & Co. | New | 0.01% | +0.01 |
| ITRI Itron Inc. | New | 0.01% | +0.01 |
| LOW Lowe's Cos Inc. | New | 0.01% | +0.01 |
| NFLX Netflix Inc. | Add +1.8% | 0.03% | +0.00 |
| IJH iShares Core S&P Midcap ETF | Add +0.3% | 0.15% | +0.00 |
| ORCL Oracle Corp. | Add +6.0% | 0.02% | +0.00 |
| CVX Chevron Corp. | Add +1.5% | 0.89% | +0.00 |
| HAL Halliburton Co. | Add +0.2% | 0.12% | +0.00 |
| MO Altria Group Inc. | Add +0.2% | 0.11% | +0.00 |
| FCX Freeport-McMoran Inc. | Add +1.5% | 0.02% | +0.00 |
| DINO HF Sinclair Corp. | Add +7.5% | 0.01% | +0.00 |
| XLE SS Energy Select Sector | Add +1.8% | 0.01% | +0.00 |
| MDT Medtronic PLC | Add +1.5% | 0.24% | +0.00 |
| STX Seagate Technology Holdings | Add +2.9% | 0.02% | +0.00 |
| D Dominion Energy Inc. | Add +5.5% | 0.02% | +0.00 |
| F Ford Motor Co. | Add +0.0% | 0.02% | +0.00 |
| SBUX Starbucks Corp. | Add +14.9% | 0.01% | +0.00 |
| MRNA Moderna Inc. | Add +1.5% | 0.01% | +0.00 |
| VTRS Viatris Inc. | Add +0.7% | 0.00% | +0.00 |
| ACA Arcosa Inc. | Add +1.6% | 0.02% | −0.00 |
| ICLN iShares Global Clean Energy | Add +4.4% | 0.01% | −0.00 |
| EOG EOG Resources Inc. | Add +0.6% | 0.20% | −0.00 |
| EEM iShares MSCI Emerging Market | Add +0.0% | 0.06% | −0.00 |
| QDEL Quidelortho Corp. | Add +27.9% | 0.01% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Add +1.4% | 0.14% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Add +2.4% | 0.19% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 257 | $3.6B | AAPL, PANW, AVGO, GOOGL, GOOG |
| Q1 2026 | 249 | $3.3B | AAPL, AVGO, GOOGL, MSFT, GOOG |
| Q4 2025 | 245 | $3.4B | AAPL, AVGO, MSFT, GOOGL, GOOG |
| Q3 2025 | 251 | $3.3B | AAPL, AVGO, MSFT, PANW, GOOGL |
| Q2 2025 | 252 | $3.2B | AVGO, AAPL, MSFT, PANW, NVDA |
| Q1 2025 | 254 | $2.9B | AAPL, MSFT, AVGO, PANW, MA |
| Q4 2024 | 255 | $3.1B | AAPL, AVGO, MSFT, PANW, GOOGL |
| Q3 2024 | 254 | $3.0B | AAPL, MSFT, AVGO, PANW, GOOGL |
| Q2 2024 | 252 | $2.9B | AAPL, MSFT, PANW, AVGO, GOOGL |
| Q1 2024 | 255 | $2.8B | AAPL, MSFT, PANW, AVGO, MA |