Heritage Investors Management Corp.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 30, 2024), Heritage Investors Management Corp. reported 254 stock positions worth $3.0 billion. Its top holding was Apple (AAPL) at 5.7% of the portfolio, followed by Microsoft (MSFT, 4.3%) and Broadcom (AVGO, 3.5%). Compared with Q2 2024, it opened 12 new positions, sold out of 11, added to 51 and reduced 158. The biggest buy was Home Depot (HD, shares +1%) and the biggest sale Microsoft (MSFT, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- BETHESDA, MD
- CIK
- 0000937589
- Portfolio Value
- $3.0B (Q3 2024)
- SEC Filing
- 0000937589-24-000004 ↗ filed Oct 30, 2024
Holdings Value
Holdings 254 stocks · $3.0B
| AAPL Apple Inc. | 5.68% | 731,786 | $170.5M | Reduce -1.8% |
| MSFT Microsoft Corp. | 4.33% | 302,361 | $130.1M | Reduce -0.3% |
| AVGO Broadcom Inc. | 3.49% | 608,004 | $104.9M | Reduce -0.8% |
| PANW Palo Alto Networks Inc. | 3.36% | 294,715 | $100.7M | Reduce -1.5% |
| GOOGL Alphabet Inc. Class A | 2.32% | 420,235 | $69.7M | Add +0.5% |
| MA Mastercard Inc. Class A | 2.25% | 136,634 | $67.5M | Reduce -1.9% |
| GOOG Alphabet Inc. Class C | 2.23% | 400,651 | $67.0M | Reduce -1.0% |
| NVDA Nvidia Corp. | 2.11% | 522,556 | $63.5M | Add +8.4% |
| AMZN Amazon.com Inc. | 2.03% | 327,429 | $61.0M | Add +0.7% |
| MAR Marriott International Class A | 1.95% | 235,585 | $58.6M | Add +0.2% |
| HD Home Depot Inc. | 1.76% | 130,033 | $52.7M | Add +0.7% |
| CAT Caterpillar Inc. | 1.70% | 130,477 | $51.0M | Reduce -4.1% |
| CRM Salesforce Inc. | 1.61% | 176,473 | $48.3M | Add +4.3% |
| AXP American Express Co. | 1.53% | 168,986 | $45.8M | Reduce -3.1% |
| JPM JPMorgan Chase & Co. | 1.51% | 214,400 | $45.2M | Reduce -2.6% |
| WMT Walmart Inc. | 1.45% | 538,305 | $43.5M | Reduce -3.5% |
| UNH Unitedhealth Group Inc. | 1.31% | 67,051 | $39.2M | Reduce -1.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.27% | 397,663 | $38.3M | Add +2.0% |
| CSCO Cisco Systems Inc. | 1.21% | 682,056 | $36.3M | Reduce -0.9% |
| BLK BlackRock Finance Inc. | 1.20% | 37,925 | $36.0M | Reduce -2.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.19% | 150,432 | $35.7M | Reduce -3.4% |
| ZTS Zoetis Inc. | 1.16% | 178,767 | $34.9M | Reduce -1.5% |
| MLM Martin Marietta Materials | 1.14% | 63,437 | $34.1M | Add +0.4% |
| MCD McDonald's Corp. | 1.09% | 107,500 | $32.7M | Add +0.6% |
| RTX RTX Corp. | 1.09% | 270,083 | $32.7M | Reduce -3.5% |
| MRK Merck & Co. Inc. | 1.07% | 281,707 | $32.0M | Add +3.8% |
| GS Goldman Sachs Group Inc. | 1.05% | 63,474 | $31.4M | Reduce -3.6% |
| NKE Nike Inc. Class B | 1.04% | 352,199 | $31.1M | Add +2.6% |
| STZ Constellation Brands Inc. Class A | 1.02% | 119,098 | $30.7M | Add +1.4% |
| MDY State Street SPDR S&P Midcap | 0.99% | 52,313 | $29.8M | Reduce -3.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.98% | 744,363 | $29.5M | Reduce -1.2% |
| JNJ Johnson & Johnson | 0.94% | 173,223 | $28.1M | Add +0.9% |
| MS Morgan Stanley | 0.91% | 261,146 | $27.2M | Reduce -2.2% |
| TMO Thermo Fisher Scientific Inc. | 0.89% | 43,253 | $26.8M | Reduce -1.8% |
| FDX FedEx Corp. | 0.83% | 91,449 | $25.0M | Reduce -2.3% |
| EQIX Equinix Inc. | 0.83% | 28,089 | $24.9M | Reduce -0.0% |
| ADBE Adobe Inc. | 0.83% | 47,976 | $24.8M | Add +15.2% |
| SYF Synchrony Financial | 0.80% | 479,800 | $23.9M | Reduce -1.6% |
| AMT American Tower Corp. | 0.80% | 102,873 | $23.9M | Add +1.0% |
| CMG Chipotle Mexican Grill Inc. | 0.79% | 411,356 | $23.7M | Add +10.7% |
| CVX Chevron Corp. | 0.79% | 160,112 | $23.6M | Add +1.2% |
| COF Capital One Financial Corp. | 0.71% | 142,066 | $21.3M | Reduce -2.4% |
| ADP Automatic Data Processing | 0.70% | 76,417 | $21.1M | Reduce -3.1% |
| C Citigroup Inc. | 0.70% | 335,505 | $21.0M | Reduce -2.6% |
| COP Conocophillips | 0.70% | 198,580 | $20.9M | Add +2.9% |
| NOW ServiceNow Inc. | 0.69% | 23,212 | $20.8M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 0.68% | 23,182 | $20.6M | Reduce -0.6% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.68% | 187,804 | $20.5M | Reduce -3.9% |
| PEP Pepsico Inc. | 0.66% | 116,977 | $19.9M | Add +3.6% |
| YUMC Yum China Holdings Inc. | 0.65% | 436,102 | $19.6M | Reduce -1.0% |
| APD Air Products & Chemicals Inc. | 0.64% | 64,464 | $19.2M | Reduce -0.2% |
| AMGN Amgen Inc. | 0.63% | 59,035 | $19.0M | Reduce -5.5% |
| IQV Iqvia Holdings Inc. | 0.63% | 80,048 | $19.0M | Add +2.6% |
| KO The Coca-Cola Co. | 0.63% | 262,258 | $18.8M | Reduce -3.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.61% | 69,531 | $18.3M | Reduce -2.8% |
| ACN Accenture PLC Class A | 0.61% | 51,896 | $18.3M | Add +10.7% |
| CSX CSX Corp. | 0.60% | 523,331 | $18.1M | Reduce -1.5% |
| VZ Verizon Communications Inc. | 0.59% | 393,649 | $17.7M | Reduce -1.3% |
| BA The Boeing Co. | 0.58% | 114,138 | $17.4M | Add +3.7% |
| YUM Yum! Brands Inc. | 0.57% | 123,200 | $17.2M | Reduce -4.0% |
| META Meta Platforms Inc. Class A | 0.57% | 30,015 | $17.2M | Reduce -4.7% |
| PCAR Paccar Inc. | 0.56% | 171,589 | $16.9M | Reduce -0.3% |
| ZBH Zimmer Biomet Holdings Inc. | 0.56% | 154,936 | $16.7M | Add +4.3% |
| BSX Boston Scientific Corp. | 0.55% | 196,864 | $16.5M | Reduce -3.8% |
| CMCSA Comcast Corp. Class A | 0.54% | 391,122 | $16.3M | Add +0.3% |
| LDOS Leidos Holdings Inc. | 0.52% | 95,111 | $15.5M | Reduce -4.1% |
| PFE Pfizer Inc. | 0.51% | 525,318 | $15.2M | Add +0.0% |
| T AT&T Inc. | 0.50% | 680,028 | $15.0M | Reduce -3.0% |
| NEE Nextera Energy Inc. | 0.48% | 171,535 | $14.5M | Add +2.2% |
| DD Dupont DE Nemours Inc. | 0.46% | 155,235 | $13.8M | Reduce -2.1% |
| ABBV Abbvie Inc. | 0.46% | 69,624 | $13.7M | Reduce -3.9% |
| PG The Procter & Gamble Co. | 0.46% | 78,946 | $13.7M | Reduce -1.0% |
| LMT Lockheed Martin Corp. | 0.45% | 23,189 | $13.6M | Reduce -5.9% |
| HON Honeywell International Inc. | 0.42% | 61,410 | $12.7M | Reduce -1.8% |
| LIN Linde PLC | 0.41% | 25,893 | $12.3M | Reduce -4.5% |
| INTC Intel Corp. | 0.40% | 514,672 | $12.1M | Add +1.1% |
| BURL Burlington Stores Inc. | 0.40% | 45,633 | $12.0M | Reduce -3.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.39% | 150,770 | $11.8M | Reduce -3.7% |
| V Visa Inc. Class A | 0.39% | 42,370 | $11.7M | Add +3.1% |
| PYPL PayPal Holdings Inc. | 0.38% | 147,403 | $11.5M | Reduce -2.5% |
| XOM Exxon Mobil Corp. | 0.38% | 97,638 | $11.4M | Add +1.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.38% | 51,062 | $11.3M | Reduce -5.5% |
| UPS United Parcel Service Class B | 0.37% | 81,941 | $11.2M | Reduce -0.5% |
| PSX Phillips 66 | 0.36% | 81,699 | $10.7M | Reduce -0.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.35% | 169,072 | $10.7M | Reduce -1.6% |
| MCK McKesson Corp. | 0.35% | 21,191 | $10.5M | Add +1.3% |
| EFA iShares MSCI Eafe ETF | 0.35% | 124,308 | $10.4M | Reduce -1.2% |
| NSC Norfolk Southern Corp. | 0.34% | 40,766 | $10.1M | Reduce -3.4% |
| MDLZ Mondelez International Inc. Class A | 0.33% | 136,315 | $10.0M | Reduce -2.8% |
| ADM Archer-Daniels-Midland Co. | 0.33% | 163,614 | $9.8M | Add +1.8% |
| AER Aercap Holdings NV | 0.30% | 95,876 | $9.1M | Reduce -3.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 18,811 | $8.7M | Reduce -0.3% |
| BMY Bristol-Myers Squibb Co. | 0.28% | 163,144 | $8.4M | Reduce -0.3% |
| TM Toyota Motor Corp. -Spon ADR | 0.27% | 46,203 | $8.3M | Reduce -0.9% |
| VOO Vanguard S&P 500 ETF | 0.26% | 15,023 | $7.9M | Reduce -5.4% |
| PM Philip Morris International | 0.26% | 65,217 | $7.9M | Reduce -26.8% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.26% | 186,458 | $7.8M | Add +1.9% |
| LHX L3HARRIS Technologies Inc. | 0.24% | 30,521 | $7.3M | Reduce -1.8% |
| UNP Union Pacific Corp. | 0.24% | 29,428 | $7.3M | Reduce -1.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.24% | 25,454 | $7.2M | Reduce -12.2% |
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -0.3% | 4.33% | −0.40 |
| GOOG Alphabet Inc. Class C | Reduce -1.0% | 2.23% | −0.36 |
| PANW Palo Alto Networks Inc. | Reduce -1.5% | 3.36% | −0.19 |
| FDX FedEx Corp. | Reduce -2.3% | 0.83% | −0.15 |
| TROW T Rowe Price Group Inc. | Reduce -3.9% | 0.68% | −0.11 |
| C Citigroup Inc. | Reduce -2.6% | 0.70% | −0.06 |
| BAC Bank of America Corp. | Reduce -1.2% | 0.98% | −0.06 |
| TM Toyota Motor Corp. -Spon ADR | Reduce -0.9% | 0.27% | −0.06 |
| PCAR Paccar Inc. | Reduce -0.3% | 0.56% | −0.05 |
| PM Philip Morris International | Reduce -26.8% | 0.26% | −0.05 |
| PSX Phillips 66 | Reduce -0.9% | 0.36% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -2.6% | 1.51% | −0.05 |
| AMGN Amgen Inc. | Reduce -5.5% | 0.63% | −0.05 |
| HON Honeywell International Inc. | Reduce -1.8% | 0.42% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -4.6% | 0.14% | −0.04 |
| SHEL Shell PLC-ADR | Reduce -1.2% | 0.21% | −0.03 |
| RPD RAPID7 Inc. | Reduce -6.1% | 0.16% | −0.03 |
| MO Altria Group Inc. | Reduce -31.9% | 0.08% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -12.2% | 0.24% | −0.03 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -25.1% | 0.03% | −0.02 |
| UPS United Parcel Service Class B | Reduce -0.5% | 0.37% | −0.02 |
| AER Aercap Holdings NV | Reduce -3.5% | 0.30% | −0.02 |
| YUM Yum! Brands Inc. | Reduce -4.0% | 0.57% | −0.02 |
| CSX CSX Corp. | Reduce -1.5% | 0.60% | −0.02 |
| HAL Halliburton Co. | Reduce -0.3% | 0.08% | −0.02 |
| GBTC Grayscale Bitcoin Trust ETF | Sold out | 0.00% | −0.02 |
| MDY State Street SPDR S&P Midcap | Reduce -3.0% | 0.99% | −0.02 |
| NSSC Napco Security Technologies | Reduce -0.1% | 0.04% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -5.4% | 0.26% | −0.01 |
| GM General Motors Co. | Reduce -9.3% | 0.06% | −0.01 |
| SLM SLM Corp. | Reduce -12.7% | 0.13% | −0.01 |
| CC The Chemours Co. | Reduce -0.2% | 0.07% | −0.01 |
| CVS CVS Health Corp. | Reduce -17.6% | 0.05% | −0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -6.4% | 0.09% | −0.01 |
| DINO HF Sinclair Corp. | Sold out | 0.00% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Sold out | 0.00% | −0.01 |
| QRVO Qorvo Inc. | Sold out | 0.00% | −0.01 |
| AMX America Movil Sab DE CV | Reduce -11.5% | 0.03% | −0.01 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -0.6% | 0.68% | −0.01 |
| WBA Walgreens Boots Alliance Inc. | Reduce -0.3% | 0.02% | −0.01 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.01 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.01 |
| REZI Resideo Technologies Inc. | Reduce -7.2% | 0.07% | −0.01 |
| BNL Broadstone Net Lease Inc. | Sold out | 0.00% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -17.1% | 0.03% | −0.01 |
| SYF Synchrony Financial | Reduce -1.6% | 0.80% | −0.01 |
| MRNA Moderna Inc. | Reduce -3.6% | 0.01% | −0.01 |
| ADI Analog Devices Inc. | Reduce -9.9% | 0.04% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| HD Home Depot Inc. | Add +0.7% | 1.76% | +0.20 |
| MCD McDonald's Corp. | Add +0.6% | 1.09% | +0.14 |
| NKE Nike Inc. Class B | Add +2.6% | 1.04% | +0.13 |
| ACN Accenture PLC Class A | Add +10.7% | 0.61% | +0.11 |
| AMT American Tower Corp. | Add +1.0% | 0.80% | +0.11 |
| CRM Salesforce Inc. | Add +4.3% | 1.61% | +0.09 |
| NEE Nextera Energy Inc. | Add +2.2% | 0.48% | +0.07 |
| JNJ Johnson & Johnson | Add +0.9% | 0.94% | +0.06 |
| IQV Iqvia Holdings Inc. | Add +2.6% | 0.63% | +0.06 |
| DDOG Datadog Inc. Class A | New | 0.04% | +0.04 |
| NVDA Nvidia Corp. | Add +8.4% | 2.11% | +0.04 |
| BIV Vanguard Intermediate-Term B | Add +101.4% | 0.07% | +0.03 |
| MDT Medtronic PLC | Add +0.2% | 0.24% | +0.02 |
| ADBE Adobe Inc. | Add +15.2% | 0.83% | +0.02 |
| IWO iShares Russell 2000 Growth | New | 0.02% | +0.02 |
| TFC Truist Financial Corp. | New | 0.02% | +0.02 |
| PEP Pepsico Inc. | Add +3.6% | 0.66% | +0.01 |
| RNG Ringcentral Inc. Class A | Add +0.9% | 0.17% | +0.01 |
| GLD SPDR Gold Shares | Add +123.1% | 0.02% | +0.01 |
| V Visa Inc. Class A | Add +3.1% | 0.39% | +0.01 |
| CMCSA Comcast Corp. Class A | Add +0.3% | 0.54% | +0.01 |
| SCHF Schwab Intl Equity ETF | New | 0.01% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | New | 0.01% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +0.6% | 0.20% | +0.01 |
| SBUX Starbucks Corp. | Add +52.9% | 0.02% | +0.01 |
| ABT Abbott Laboratories | Add +0.8% | 0.17% | +0.01 |
| IVV iShares Core S&P 500 ETF | New | 0.01% | +0.01 |
| BAM Brookfield Asset Mgmt-A | New | 0.01% | +0.01 |
| TSLA Tesla Inc. | New | 0.01% | +0.01 |
| BWXT BWX Technologies Inc. | New | 0.01% | +0.01 |
| WD Walker & Dunlop Inc. | New | 0.01% | +0.01 |
| LEU Centrus Energy Corp. Class A | New | 0.01% | +0.01 |
| EXEL Exelixis Inc. | New | 0.01% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +31.4% | 0.02% | +0.00 |
| COHR Coherent Corp. | Add +1.5% | 0.02% | +0.00 |
| PKOH Park-Ohio Holdings Corp. | Add +1.9% | 0.02% | +0.00 |
| SHOP Shopify Inc. Class A | Add +4.5% | 0.01% | +0.00 |
| LLY Eli Lilly & Co. | Add +13.5% | 0.03% | +0.00 |
| TTD Trade Desk Inc./the Class A | Add +3.9% | 0.02% | +0.00 |
| ICLN iShares Global Clean Energy | Add +13.9% | 0.01% | +0.00 |
| BTC Grayscale Bitcoin Mini Trust | Add +35.9% | 0.00% | +0.00 |
| KMB Kimberly-Clark Corp. | Add +2.5% | 0.01% | +0.00 |
| DOW Dow Inc. | Add +0.1% | 0.09% | −0.00 |
| OGN Organon & Co. | Add +0.1% | 0.04% | −0.01 |
| ZBH Zimmer Biomet Holdings Inc. | Add +4.3% | 0.56% | −0.01 |
| XOM Exxon Mobil Corp. | Add +1.2% | 0.38% | −0.01 |
| PFE Pfizer Inc. | Add +0.0% | 0.51% | −0.01 |
| EOG EOG Resources Inc. | Add +2.6% | 0.19% | −0.01 |
| ADM Archer-Daniels-Midland Co. | Add +1.8% | 0.33% | −0.01 |
| CMG Chipotle Mexican Grill Inc. | Add +10.7% | 0.79% | −0.02 |
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 |