Heritage Investors Management Corp.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 30, 2024), Heritage Investors Management Corp. reported 252 stock positions worth $2.9 billion. Its top holding was Apple (AAPL) at 5.5% of the portfolio, followed by Microsoft (MSFT, 4.7%) and Palo Alto Networks (PANW, 3.5%). Compared with Q1 2024, it opened 3 new positions, sold out of 8, added to 51 and reduced 134. The biggest buy was Palo Alto Networks (PANW, shares +0%) and the biggest sale Intel (INTC, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- BETHESDA, MD
- CIK
- 0000937589
- Portfolio Value
- $2.9B (Q2 2024)
- SEC Filing
- 0000937589-24-000003 ↗ filed Jul 30, 2024
Holdings Value
Holdings 252 stocks · $2.9B
| AAPL Apple Inc. | 5.48% | 744,976 | $156.9M | Reduce -1.9% |
| MSFT Microsoft Corp. | 4.73% | 303,238 | $135.5M | Reduce -1.2% |
| PANW Palo Alto Networks Inc. | 3.54% | 299,320 | $101.5M | Add +0.2% |
| AVGO Broadcom Inc. | 3.44% | 61,302 | $98.4M | Reduce -1.7% |
| GOOGL Alphabet Inc. Class A | 2.66% | 418,134 | $76.2M | Reduce -2.0% |
| GOOG Alphabet Inc. Class C | 2.59% | 404,696 | $74.2M | Reduce -2.2% |
| AMZN Amazon.com Inc. | 2.19% | 325,154 | $62.8M | Reduce -1.1% |
| MA Mastercard Inc. Class A | 2.15% | 139,316 | $61.5M | Reduce -0.2% |
| NVDA Nvidia Corp. | 2.08% | 481,824 | $59.5M | Reduce -0.8% |
| MAR Marriott International Class A | 1.98% | 235,018 | $56.8M | Reduce -0.3% |
| CAT Caterpillar Inc. | 1.58% | 136,067 | $45.3M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 1.55% | 220,039 | $44.5M | Reduce -3.0% |
| HD Home Depot Inc. | 1.55% | 129,188 | $44.5M | Add +0.9% |
| CRM Salesforce Inc. | 1.52% | 169,116 | $43.5M | Add +3.0% |
| AXP American Express Co. | 1.41% | 174,480 | $40.4M | Reduce -2.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.35% | 390,014 | $38.7M | Add +2.3% |
| WMT Walmart Inc. | 1.32% | 558,105 | $37.8M | Reduce -2.8% |
| UNH Unitedhealth Group Inc. | 1.21% | 68,253 | $34.8M | Add +4.4% |
| MLM Martin Marietta Materials | 1.20% | 63,190 | $34.2M | Reduce -1.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.19% | 155,798 | $34.0M | Add +1.0% |
| MRK Merck & Co. Inc. | 1.17% | 271,490 | $33.6M | Reduce -1.3% |
| CSCO Cisco Systems Inc. | 1.14% | 688,422 | $32.7M | Add +1.3% |
| ZTS Zoetis Inc. | 1.10% | 181,544 | $31.5M | Add +4.5% |
| BLK BlackRock Finance Inc. | 1.07% | 38,828 | $30.6M | Add +1.1% |
| STZ Constellation Brands Inc. Class A | 1.06% | 117,490 | $30.2M | Add +0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.05% | 753,680 | $30.0M | Reduce -2.0% |
| GS Goldman Sachs Group Inc. | 1.04% | 65,878 | $29.8M | Reduce -3.2% |
| MDY State Street SPDR S&P Midcap | 1.01% | 53,957 | $28.9M | Reduce -1.2% |
| RTX RTX Corp. | 0.98% | 279,995 | $28.1M | Reduce -1.9% |
| FDX FedEx Corp. | 0.98% | 93,578 | $28.1M | Add +1.4% |
| MCD McDonald's Corp. | 0.95% | 106,871 | $27.2M | Add +1.6% |
| MS Morgan Stanley | 0.91% | 267,118 | $26.0M | Reduce -1.0% |
| NKE Nike Inc. Class B | 0.90% | 343,131 | $25.9M | Add +6.7% |
| JNJ Johnson & Johnson | 0.88% | 171,600 | $25.1M | Add +2.4% |
| CVX Chevron Corp. | 0.86% | 158,192 | $24.7M | Reduce -0.8% |
| TMO Thermo Fisher Scientific Inc. | 0.85% | 44,052 | $24.4M | Reduce -0.3% |
| CMG Chipotle Mexican Grill Inc. | 0.81% | 371,450 | $23.3M | Reduce -1.7% |
| ADBE Adobe Inc. | 0.81% | 41,662 | $23.1M | Add +103.5% |
| SYF Synchrony Financial | 0.80% | 487,687 | $23.0M | Reduce -2.5% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.79% | 195,449 | $22.5M | Reduce -0.4% |
| COP Conocophillips | 0.77% | 193,000 | $22.1M | Reduce -0.9% |
| C Citigroup Inc. | 0.76% | 344,611 | $21.9M | Reduce -2.3% |
| EQIX Equinix Inc. | 0.74% | 28,097 | $21.3M | Add +3.2% |
| COF Capital One Financial Corp. | 0.70% | 145,602 | $20.2M | Reduce -0.9% |
| BA The Boeing Co. | 0.70% | 110,066 | $20.0M | Add +7.1% |
| COST Costco Wholesale Corp. | 0.69% | 23,315 | $19.8M | Reduce -2.2% |
| AMT American Tower Corp. | 0.69% | 101,888 | $19.8M | Add +5.0% |
| AMGN Amgen Inc. | 0.68% | 62,486 | $19.5M | Reduce -2.7% |
| ADP Automatic Data Processing | 0.66% | 78,835 | $18.8M | Reduce -3.3% |
| PEP Pepsico Inc. | 0.65% | 112,880 | $18.6M | Add +1.8% |
| NOW ServiceNow Inc. | 0.64% | 23,232 | $18.3M | Add +12.5% |
| CSX CSX Corp. | 0.62% | 531,414 | $17.8M | Reduce -0.1% |
| PCAR Paccar Inc. | 0.62% | 172,026 | $17.7M | Reduce -0.0% |
| KO The Coca-Cola Co. | 0.61% | 272,252 | $17.3M | Reduce -1.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.60% | 71,551 | $17.3M | Add +3.5% |
| YUM Yum! Brands Inc. | 0.59% | 128,308 | $17.0M | Reduce -1.7% |
| APD Air Products & Chemicals Inc. | 0.58% | 64,604 | $16.7M | Add +1.7% |
| IQV Iqvia Holdings Inc. | 0.58% | 78,023 | $16.5M | Add +10.1% |
| VZ Verizon Communications Inc. | 0.57% | 398,972 | $16.5M | Reduce -0.3% |
| ZBH Zimmer Biomet Holdings Inc. | 0.56% | 148,587 | $16.1M | Add +1.8% |
| META Meta Platforms Inc. Class A | 0.55% | 31,485 | $15.9M | Reduce -1.0% |
| INTC Intel Corp. | 0.55% | 508,867 | $15.8M | Reduce -3.0% |
| BSX Boston Scientific Corp. | 0.55% | 204,548 | $15.8M | Reduce -4.5% |
| CMCSA Comcast Corp. Class A | 0.53% | 389,859 | $15.3M | Add +3.4% |
| PFE Pfizer Inc. | 0.51% | 525,270 | $14.7M | Add +8.1% |
| LDOS Leidos Holdings Inc. | 0.51% | 99,215 | $14.5M | Reduce -3.8% |
| ACN Accenture PLC Class A | 0.50% | 46,873 | $14.2M | Add +14.3% |
| YUMC Yum China Holdings Inc. | 0.47% | 440,531 | $13.6M | Add +1.6% |
| T AT&T Inc. | 0.47% | 700,718 | $13.4M | Reduce -0.8% |
| HON Honeywell International Inc. | 0.47% | 62,504 | $13.3M | Add +0.7% |
| PG The Procter & Gamble Co. | 0.46% | 79,742 | $13.2M | Reduce -2.4% |
| DD Dupont DE Nemours Inc. | 0.45% | 158,529 | $12.8M | Reduce -0.3% |
| ABBV Abbvie Inc. | 0.43% | 72,431 | $12.4M | Add +0.2% |
| MCK McKesson Corp. | 0.43% | 20,916 | $12.2M | Reduce -2.6% |
| LIN Linde PLC | 0.42% | 27,127 | $11.9M | Reduce -1.0% |
| NEE Nextera Energy Inc. | 0.41% | 167,777 | $11.9M | Reduce -1.1% |
| PSX Phillips 66 | 0.41% | 82,456 | $11.6M | Reduce -0.8% |
| LMT Lockheed Martin Corp. | 0.40% | 24,641 | $11.5M | Reduce -0.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.40% | 156,570 | $11.4M | Reduce -1.1% |
| BURL Burlington Stores Inc. | 0.40% | 47,234 | $11.3M | Reduce -0.2% |
| UPS United Parcel Service Class B | 0.39% | 82,346 | $11.3M | Add +0.0% |
| XOM Exxon Mobil Corp. | 0.39% | 96,448 | $11.1M | Reduce -1.4% |
| V Visa Inc. Class A | 0.38% | 41,099 | $10.8M | Add +0.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.35% | 171,787 | $10.1M | Add +0.5% |
| EFA iShares MSCI Eafe ETF | 0.34% | 125,823 | $9.9M | Reduce -1.2% |
| ADM Archer-Daniels-Midland Co. | 0.34% | 160,696 | $9.7M | Add +4.3% |
| TM Toyota Motor Corp. -Spon ADR | 0.33% | 46,606 | $9.6M | Reduce -0.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.33% | 54,014 | $9.3M | Reduce -2.5% |
| AER Aercap Holdings NV | 0.32% | 99,325 | $9.3M | Reduce -3.5% |
| MDLZ Mondelez International Inc. Class A | 0.32% | 140,210 | $9.2M | Add +17.9% |
| NSC Norfolk Southern Corp. | 0.32% | 42,190 | $9.1M | Reduce -1.1% |
| PM Philip Morris International | 0.32% | 89,137 | $9.0M | Reduce -13.7% |
| PYPL PayPal Holdings Inc. | 0.31% | 151,147 | $8.8M | Reduce -0.5% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.30% | 183,002 | $8.6M | Add +1.2% |
| VOO Vanguard S&P 500 ETF | 0.28% | 15,886 | $7.9M | Reduce -1.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 28,994 | $7.8M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.27% | 18,865 | $7.7M | Reduce -3.3% |
| LHX L3HARRIS Technologies Inc. | 0.24% | 31,077 | $7.0M | Reduce -0.5% |
| SHEL Shell PLC-ADR | 0.24% | 96,372 | $7.0M | Reduce -1.8% |
| TGT Target Corp. | 0.24% | 46,251 | $6.8M | Reduce -0.3% |
Portfolio Sells Q1 2024 → Q2 2024
| INTC Intel Corp. | Reduce -3.0% | 0.55% | −0.27 |
| MA Mastercard Inc. Class A | Reduce -0.2% | 2.15% | −0.23 |
| CAT Caterpillar Inc. | Reduce -1.4% | 1.58% | −0.20 |
| MLM Martin Marietta Materials | Reduce -1.5% | 1.20% | −0.19 |
| PCAR Paccar Inc. | Reduce -0.0% | 0.62% | −0.13 |
| MAR Marriott International Class A | Reduce -0.3% | 1.98% | −0.11 |
| MRK Merck & Co. Inc. | Reduce -1.3% | 1.17% | −0.11 |
| COP Conocophillips | Reduce -0.9% | 0.77% | −0.10 |
| EXAS Exact Sciences Corp. | Reduce -2.1% | 0.14% | −0.10 |
| TM Toyota Motor Corp. -Spon ADR | Reduce -0.4% | 0.33% | −0.08 |
| CSX CSX Corp. | Reduce -0.1% | 0.62% | −0.07 |
| PSX Phillips 66 | Reduce -0.8% | 0.41% | −0.07 |
| COF Capital One Financial Corp. | Reduce -0.9% | 0.70% | −0.07 |
| NSC Norfolk Southern Corp. | Reduce -1.1% | 0.32% | −0.07 |
| MDY State Street SPDR S&P Midcap | Reduce -1.2% | 1.01% | −0.06 |
| ADP Automatic Data Processing | Reduce -3.3% | 0.66% | −0.06 |
| TROW T Rowe Price Group Inc. | Reduce -0.4% | 0.79% | −0.06 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.3% | 0.85% | −0.06 |
| PYPL PayPal Holdings Inc. | Reduce -0.5% | 0.31% | −0.05 |
| TGT Target Corp. | Reduce -0.3% | 0.24% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -3.0% | 1.55% | −0.05 |
| ALGN Align Technology Inc. | Reduce -1.6% | 0.12% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -2.5% | 0.33% | −0.05 |
| YUM Yum! Brands Inc. | Reduce -1.7% | 0.59% | −0.05 |
| CVS CVS Health Corp. | Reduce -12.6% | 0.07% | −0.04 |
| LIN Linde PLC | Reduce -1.0% | 0.42% | −0.03 |
| AXP American Express Co. | Reduce -2.6% | 1.41% | −0.03 |
| CVX Chevron Corp. | Reduce -0.8% | 0.86% | −0.02 |
| C Citigroup Inc. | Reduce -2.3% | 0.76% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.3% | 0.27% | −0.02 |
| WBA Walgreens Boots Alliance Inc. | Reduce -0.6% | 0.03% | −0.02 |
| SLM SLM Corp. | Reduce -7.5% | 0.14% | −0.02 |
| CI The Cigna Group | Reduce -1.6% | 0.15% | −0.02 |
| PM Philip Morris International | Reduce -13.7% | 0.32% | −0.02 |
| ABT Abbott Laboratories | Reduce -0.9% | 0.16% | −0.02 |
| HAL Halliburton Co. | Reduce -0.0% | 0.10% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -1.1% | 0.40% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -0.3% | 0.57% | −0.02 |
| ELAN Elanco Animal Health Inc. | Reduce -6.1% | 0.08% | −0.02 |
| AXON Axon Enterprise Inc. | Reduce -10.1% | 0.08% | −0.02 |
| GE General Electric | Reduce -0.6% | 0.13% | −0.02 |
| REZI Resideo Technologies Inc. | Reduce -2.4% | 0.08% | −0.01 |
| CC The Chemours Co. | Reduce -0.1% | 0.08% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -1.2% | 0.34% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -1.4% | 0.39% | −0.01 |
| CTVA Corteva Inc. | Reduce -0.3% | 0.15% | −0.01 |
| HSY The Hershey Co. | Reduce -0.3% | 0.17% | −0.01 |
| BF.B Brown-Forman Corp. Class B | Reduce -3.5% | 0.05% | −0.01 |
| BAX Baxter International Inc. | Reduce -0.4% | 0.04% | −0.01 |
| MTCH Match Group Inc. | Reduce -6.7% | 0.04% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| PANW Palo Alto Networks Inc. | Add +0.2% | 3.54% | +0.55 |
| ADBE Adobe Inc. | Add +103.5% | 0.81% | +0.44 |
| NOW ServiceNow Inc. | Add +12.5% | 0.64% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +4.4% | 1.21% | +0.07 |
| ZTS Zoetis Inc. | Add +4.5% | 1.10% | +0.06 |
| APD Air Products & Chemicals Inc. | Add +1.7% | 0.58% | +0.04 |
| PFE Pfizer Inc. | Add +8.1% | 0.51% | +0.04 |
| FDX FedEx Corp. | Add +1.4% | 0.98% | +0.04 |
| BIV Vanguard Intermediate-Term B | New | 0.03% | +0.03 |
| MDLZ Mondelez International Inc. Class A | Add +17.9% | 0.32% | +0.03 |
| HON Honeywell International Inc. | Add +0.7% | 0.47% | +0.02 |
| AMT American Tower Corp. | Add +5.0% | 0.69% | +0.02 |
| AIQ Global X Art Intel & Tech | New | 0.01% | +0.01 |
| LLY Eli Lilly & Co. | Add +20.9% | 0.03% | +0.01 |
| DTST Data Storage Corp. | New | 0.01% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.5% | 0.09% | +0.01 |
| EGBN Eagle Bancorp Inc. | Add +69.3% | 0.02% | +0.00 |
| ORCL Oracle Corp. | Add +1.9% | 0.02% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +5.3% | 0.01% | +0.00 |
| ICLN iShares Global Clean Energy | Add +7.3% | 0.01% | +0.00 |
| BA The Boeing Co. | Add +7.1% | 0.70% | −0.00 |
| GGB Gerdau SA -Spon ADR | Add +20.0% | 0.00% | −0.00 |
| VLO Valero Energy Corp. | Add +4.6% | 0.02% | −0.00 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.5% | 0.35% | −0.00 |
| ADM Archer-Daniels-Midland Co. | Add +4.3% | 0.34% | −0.00 |
| GEHC GE Healthcare Technology | Add +0.1% | 0.02% | −0.00 |
| ACN Accenture PLC Class A | Add +14.3% | 0.50% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +3.5% | 0.60% | −0.00 |
| RPD RAPID7 Inc. | Add +8.3% | 0.19% | −0.01 |
| UNP Union Pacific Corp. | Add +0.1% | 0.24% | −0.02 |
| MDT Medtronic PLC | Add +0.7% | 0.22% | −0.02 |
| PPLI People Inc. | Add +0.3% | 0.17% | −0.02 |
| V Visa Inc. Class A | Add +0.1% | 0.38% | −0.03 |
| ABBV Abbvie Inc. | Add +0.2% | 0.43% | −0.03 |
| PEP Pepsico Inc. | Add +1.8% | 0.65% | −0.03 |
| RNG Ringcentral Inc. Class A | Add +0.4% | 0.16% | −0.04 |
| UPS United Parcel Service Class B | Add +0.0% | 0.39% | −0.04 |
| CMCSA Comcast Corp. Class A | Add +3.4% | 0.53% | −0.04 |
| SLB SLB Ltd. | Add +1.2% | 0.30% | −0.05 |
| EQIX Equinix Inc. | Add +3.2% | 0.74% | −0.05 |
| CSCO Cisco Systems Inc. | Add +1.3% | 1.14% | −0.06 |
| IQV Iqvia Holdings Inc. | Add +10.1% | 0.58% | −0.06 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +1.0% | 1.19% | −0.06 |
| JNJ Johnson & Johnson | Add +2.4% | 0.88% | −0.06 |
| BLK BlackRock Finance Inc. | Add +1.1% | 1.07% | −0.06 |
| STZ Constellation Brands Inc. Class A | Add +0.5% | 1.06% | −0.07 |
| BMY Bristol-Myers Squibb Co. | Add +2.2% | 0.24% | −0.07 |
| MCD McDonald's Corp. | Add +1.6% | 0.95% | −0.10 |
| ZBH Zimmer Biomet Holdings Inc. | Add +1.8% | 0.56% | −0.12 |
| YUMC Yum China Holdings Inc. | Add +1.6% | 0.47% | −0.13 |
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 |