Heritage Investors Management Corp.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 24, 2026), Heritage Investors Management Corp. reported 249 stock positions worth $3.3 billion. Its top holding was Apple (AAPL) at 5.3% of the portfolio, followed by Broadcom (AVGO, 4.8%) and Alphabet Class A (GOOGL, 3.4%). Compared with Q4 2025, it opened 10 new positions, sold out of 6, added to 50 and reduced 144. The biggest buy was Merck (MRK, shares +0%) and the biggest sale Broadcom (AVGO, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- BETHESDA, MD
- CIK
- 0000937589
- Portfolio Value
- $3.3B (Q1 2026)
- SEC Filing
- 0000937589-26-000002 ↗ filed Apr 24, 2026
Holdings Value
Holdings 249 stocks · $3.3B
| AAPL Apple Inc. | 5.33% | 691,507 | $175.5M | Reduce -2.1% |
| AVGO Broadcom Inc. | 4.78% | 509,263 | $157.6M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 3.39% | 388,502 | $111.7M | Reduce -1.9% |
| MSFT Microsoft Corp. | 3.31% | 294,296 | $108.9M | Add +0.9% |
| GOOG Alphabet Inc. Class C | 3.17% | 364,585 | $104.6M | Reduce -2.1% |
| PANW Palo Alto Networks Inc. | 2.76% | 566,661 | $90.8M | Add +1.1% |
| NVDA Nvidia Corp. | 2.59% | 489,301 | $85.3M | Reduce -2.2% |
| CAT Caterpillar Inc. | 2.50% | 116,396 | $82.5M | Reduce -3.5% |
| MAR Marriott International Class A | 2.21% | 222,137 | $72.7M | Reduce -1.6% |
| AMZN Amazon.com Inc. | 2.12% | 335,044 | $69.8M | Add +2.0% |
| MA Mastercard Inc. Class A | 1.96% | 129,091 | $64.5M | Add +0.6% |
| WMT Walmart Inc. | 1.80% | 477,776 | $59.4M | Reduce -2.8% |
| JPM JPMorgan Chase & Co. | 1.70% | 190,490 | $56.0M | Reduce -0.2% |
| CSCO Cisco Systems Inc. | 1.50% | 637,913 | $49.5M | Reduce -0.5% |
| GS Goldman Sachs Group Inc. | 1.43% | 55,579 | $47.0M | Reduce -1.6% |
| AXP American Express Co. | 1.42% | 154,755 | $46.8M | Reduce -0.3% |
| HD Home Depot Inc. | 1.41% | 141,246 | $46.5M | Add +0.9% |
| RTX RTX Corp. | 1.39% | 237,492 | $45.8M | Reduce -2.8% |
| JNJ Johnson & Johnson | 1.24% | 167,082 | $40.8M | Reduce -3.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.22% | 417,459 | $40.2M | Add +0.8% |
| MRK Merck & Co. Inc. | 1.21% | 332,467 | $40.0M | Add +0.2% |
| BLK BlackRock Inc. | 1.17% | 40,111 | $38.6M | Add +2.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.14% | 142,972 | $37.4M | Reduce -0.7% |
| MS Morgan Stanley | 1.12% | 223,795 | $36.8M | Reduce -1.0% |
| MLM Martin Marietta Materials | 1.11% | 62,239 | $36.6M | Reduce -2.4% |
| CRM Salesforce Inc. | 1.11% | 196,277 | $36.6M | Add +2.5% |
| FDX FedEx Corp. | 1.10% | 102,017 | $36.3M | Reduce -1.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.07% | 722,145 | $35.2M | Add +0.0% |
| C Citigroup Inc. | 1.01% | 292,214 | $33.1M | Reduce -1.3% |
| MCD McDonald's Corp. | 0.99% | 104,532 | $32.5M | Add +0.3% |
| CVX Chevron Corp. | 0.97% | 153,757 | $31.8M | Reduce -3.1% |
| MDY State Street SPDR S&P Midcap | 0.92% | 49,152 | $30.3M | Reduce -1.5% |
| EQIX Equinix Inc. | 0.88% | 29,724 | $29.1M | Reduce -2.2% |
| SYF Synchrony Financial | 0.85% | 412,180 | $28.0M | Reduce -1.4% |
| TMO Thermo Fisher Scientific Inc. | 0.85% | 56,987 | $28.0M | Add +1.0% |
| COF Capital One Financial Corp. | 0.82% | 147,455 | $26.9M | Add +2.1% |
| COST Costco Wholesale Corp. | 0.81% | 26,927 | $26.8M | Reduce -0.2% |
| COP Conocophillips | 0.80% | 199,032 | $26.3M | Reduce -2.9% |
| META Meta Platforms Inc. Class A | 0.75% | 43,352 | $24.8M | Add +29.3% |
| ZTS Zoetis Inc. | 0.75% | 209,297 | $24.7M | Add +2.2% |
| PEP Pepsico Inc. | 0.75% | 159,266 | $24.7M | Add +1.0% |
| BA The Boeing Co. | 0.67% | 111,272 | $22.1M | Reduce -0.6% |
| UNH Unitedhealth Group Inc. | 0.66% | 80,404 | $21.8M | Add +2.3% |
| CSX CSX Corp. | 0.64% | 516,427 | $21.2M | Reduce -2.8% |
| INTC Intel Corp. | 0.64% | 476,267 | $21.0M | Reduce -1.1% |
| NOW ServiceNow Inc. | 0.62% | 195,076 | $20.4M | Add +9.3% |
| KO The Coca-Cola Co. | 0.61% | 266,073 | $20.2M | Reduce -0.7% |
| AMT American Tower Corp. | 0.61% | 116,814 | $20.2M | Add +0.4% |
| VZ Verizon Communications Inc. | 0.61% | 399,777 | $20.1M | Reduce -1.7% |
| YUMC Yum China Holdings Inc. | 0.60% | 407,989 | $19.9M | Reduce -1.1% |
| T AT&T Inc. | 0.60% | 684,186 | $19.8M | Reduce -2.2% |
| AMGN Amgen Inc. | 0.58% | 54,773 | $19.3M | Reduce -1.6% |
| APD Air Products & Chemicals Inc. | 0.58% | 65,581 | $19.1M | Reduce -0.4% |
| PCAR Paccar Inc. | 0.58% | 164,549 | $19.0M | Reduce -1.8% |
| IQV Iqvia Holdings Inc. | 0.57% | 109,388 | $18.7M | Add +7.1% |
| STZ Constellation Brands Inc. Class A | 0.55% | 120,449 | $18.1M | Reduce -1.5% |
| YUM Yum! Brands Inc. | 0.54% | 114,689 | $17.8M | Reduce -1.6% |
| NKE Nike Inc. Class B | 0.53% | 333,335 | $17.6M | Reduce -0.1% |
| LMT Lockheed Martin Corp. | 0.53% | 28,824 | $17.4M | Reduce -2.5% |
| MCK McKesson Corp. | 0.53% | 20,030 | $17.3M | Reduce -0.8% |
| CMG Chipotle Mexican Grill Inc. | 0.52% | 538,495 | $17.2M | Add +1.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.51% | 58,327 | $16.8M | Reduce -2.9% |
| LDOS Leidos Holdings Inc. | 0.48% | 102,345 | $15.9M | Add +0.2% |
| NEE Nextera Energy Inc. | 0.48% | 169,153 | $15.7M | Reduce -1.5% |
| ACN Accenture PLC Class A | 0.47% | 78,231 | $15.5M | Add +7.4% |
| HON Honeywell International Inc. | 0.47% | 68,120 | $15.4M | Add +1.6% |
| XOM Exxon Mobil Corp. | 0.46% | 90,014 | $15.3M | Reduce -4.8% |
| BURL Burlington Stores Inc. | 0.46% | 46,846 | $15.2M | Add +0.9% |
| ADP Automatic Data Processing | 0.45% | 73,344 | $14.9M | Add +4.2% |
| ABBV Abbvie Inc. | 0.44% | 66,550 | $14.5M | Add +1.4% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.43% | 276,341 | $14.2M | Reduce -2.7% |
| ADBE Adobe Inc. | 0.42% | 57,189 | $13.9M | Add +2.2% |
| PSX Phillips 66 | 0.41% | 74,457 | $13.6M | Reduce -4.7% |
| V Visa Inc. Class A | 0.41% | 44,356 | $13.4M | Add +0.7% |
| DDOG Datadog Inc. Class A | 0.40% | 112,653 | $13.3M | Add +51.5% |
| BSX Boston Scientific Corp. | 0.38% | 197,162 | $12.4M | Add +10.6% |
| LIN Linde PLC | 0.38% | 24,942 | $12.4M | Add +2.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.37% | 136,589 | $12.3M | Reduce -5.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.37% | 132,871 | $12.0M | Reduce -1.4% |
| VEU Vanguard Ftse All-World Ex-U | 0.36% | 158,323 | $11.9M | Reduce -1.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 48,306 | $11.7M | Reduce -0.5% |
| ZBH Zimmer Biomet Holdings Inc. | 0.35% | 126,959 | $11.5M | Reduce -5.1% |
| PG The Procter & Gamble Co. | 0.34% | 78,237 | $11.3M | Reduce -0.5% |
| AER Aercap Holdings NV | 0.34% | 80,751 | $11.1M | Reduce -1.3% |
| EFA iShares MSCI Eafe ETF | 0.34% | 113,732 | $11.0M | Add +0.8% |
| PFE Pfizer Inc. | 0.32% | 373,030 | $10.5M | Reduce -0.7% |
| ADM Archer-Daniels-Midland Co. | 0.31% | 138,650 | $10.1M | Reduce -2.6% |
| LHX L3HARRIS Technologies Inc. | 0.30% | 28,343 | $9.8M | Reduce -2.6% |
| MDLZ Mondelez International Inc. Class A | 0.29% | 164,118 | $9.5M | Add +1.2% |
| TM Toyota Motor Corp. -Spon ADR | 0.28% | 45,134 | $9.3M | Reduce -0.8% |
| LLY Eli Lilly & Co. | 0.27% | 9,795 | $9.0M | Add +10.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.27% | 18,463 | $8.8M | Reduce -1.2% |
| NSC Norfolk Southern Corp. | 0.26% | 29,661 | $8.5M | Reduce -2.3% |
| BMY Bristol-Myers Squibb Co. | 0.25% | 136,843 | $8.3M | Reduce -1.2% |
| UNP Union Pacific Corp. | 0.24% | 33,006 | $8.0M | Reduce -0.5% |
| Q Qnity Electronics Inc. | 0.24% | 67,620 | $7.8M | Reduce -6.9% |
| SHEL Shell PLC-ADR | 0.23% | 81,314 | $7.6M | Reduce -10.7% |
| CMCSA Comcast Corp. Class A | 0.23% | 261,541 | $7.5M | Reduce -16.2% |
| DD Dupont DE Nemours Inc. | 0.21% | 153,614 | $7.0M | Add +0.9% |
| IEMG iShares Core MSCI Emerging | 0.21% | 100,652 | $7.0M | Reduce -2.5% |
Portfolio Sells Q4 2025 → Q1 2026
| AVGO Broadcom Inc. | Reduce -0.3% | 4.78% | −0.37 |
| AAPL Apple Inc. | Reduce -2.1% | 5.33% | −0.27 |
| AXP American Express Co. | Reduce -0.3% | 1.42% | −0.25 |
| GOOG Alphabet Inc. Class C | Reduce -2.1% | 3.17% | −0.23 |
| GOOGL Alphabet Inc. Class A | Reduce -1.9% | 3.39% | −0.22 |
| SYF Synchrony Financial | Reduce -1.4% | 0.85% | −0.16 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.13 |
| NVDA Nvidia Corp. | Reduce -2.2% | 2.59% | −0.13 |
| PYPL PayPal Holdings Inc. | Reduce -36.1% | 0.11% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 1.70% | −0.09 |
| NKE Nike Inc. Class B | Reduce -0.1% | 0.53% | −0.09 |
| IBM Intl Business Machines Corp. | Reduce -0.5% | 0.36% | −0.06 |
| TROW T Rowe Price Group Inc. | Reduce -5.2% | 0.37% | −0.06 |
| MS Morgan Stanley | Reduce -1.0% | 1.12% | −0.05 |
| MLM Martin Marietta Materials | Reduce -2.4% | 1.11% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -16.2% | 0.23% | −0.04 |
| BA The Boeing Co. | Reduce -0.6% | 0.67% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -7.8% | 0.08% | −0.03 |
| ABT Abbott Laboratories | Reduce -0.2% | 0.13% | −0.02 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -1.6% | 1.43% | −0.02 |
| ALGN Align Technology Inc. | Sold out | 0.00% | −0.02 |
| MDT Medtronic PLC | Reduce -2.0% | 0.17% | −0.01 |
| BX Blackstone Inc. | Reduce -0.8% | 0.04% | −0.01 |
| GE General Electric | Reduce -0.7% | 0.18% | −0.01 |
| ORCL Oracle Corp. | Reduce -3.4% | 0.02% | −0.01 |
| PPLI People Inc. | Reduce -29.8% | 0.02% | −0.01 |
| MMM 3M Co. | Reduce -0.3% | 0.11% | −0.01 |
| AER Aercap Holdings NV | Reduce -1.3% | 0.34% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -3.8% | 0.13% | −0.01 |
| ITRI Itron Inc. | Sold out | 0.00% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.2% | 0.27% | −0.01 |
| GM General Motors Co. | Reduce -3.9% | 0.06% | −0.01 |
| OTIS Otis Worldwide Corp. | Reduce -0.4% | 0.05% | −0.01 |
| VGT Vanguard Info Tech ETF | Reduce -23.8% | 0.01% | −0.01 |
| DHR Danaher Corp. | Reduce -2.5% | 0.03% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.7% | 0.21% | −0.00 |
| BIV Vanguard Intermediate-Term B | Reduce -12.7% | 0.04% | −0.00 |
| MTCH Match Group Inc. | Reduce -29.2% | 0.01% | −0.00 |
| WBD Warner Bros Discovery Inc. | Reduce -3.9% | 0.05% | −0.00 |
| REZI Resideo Technologies Inc. | Reduce -2.6% | 0.09% | −0.00 |
| DTST Data Storage Corp. | Sold out | 0.00% | −0.00 |
| IWF iShares Russell 1000 Growth | Reduce -2.0% | 0.03% | −0.00 |
| SOLV Solventum Corp. | Reduce -0.6% | 0.01% | −0.00 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -5.1% | 0.35% | −0.00 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Reduce -3.0% | 0.01% | −0.00 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -4.2% | 0.05% | −0.00 |
| GEHC GE Healthcare Technology | Reduce -0.3% | 0.02% | −0.00 |
| F Ford Motor Co. | Reduce -5.8% | 0.01% | −0.00 |
| BF.B Brown-Forman Corp. Class B | Reduce -13.8% | 0.02% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| MRK Merck & Co. Inc. | Add +0.2% | 1.21% | +0.20 |
| DDOG Datadog Inc. Class A | Add +51.5% | 0.40% | +0.11 |
| META Meta Platforms Inc. Class A | Add +29.3% | 0.75% | +0.11 |
| NFLX Netflix Inc. | Add +84.7% | 0.20% | +0.10 |
| PEP Pepsico Inc. | Add +1.0% | 0.75% | +0.09 |
| HON Honeywell International Inc. | Add +1.6% | 0.47% | +0.09 |
| BURL Burlington Stores Inc. | Add +0.9% | 0.46% | +0.07 |
| LIN Linde PLC | Add +2.0% | 0.38% | +0.07 |
| EOG EOG Resources Inc. | Add +0.5% | 0.19% | +0.06 |
| MCD McDonald's Corp. | Add +0.3% | 0.99% | +0.06 |
| DD Dupont DE Nemours Inc. | Add +0.9% | 0.21% | +0.04 |
| MDLZ Mondelez International Inc. Class A | Add +1.2% | 0.29% | +0.03 |
| DUK Duke Energy Corp. | Add +51.4% | 0.05% | +0.02 |
| EFA iShares MSCI Eafe ETF | Add +0.8% | 0.34% | +0.02 |
| AMT American Tower Corp. | Add +0.4% | 0.61% | +0.02 |
| SO The Southern Co. | New | 0.02% | +0.02 |
| MRSH Marsh & McLennan Cos | New | 0.01% | +0.01 |
| XEL Xcel Energy Inc. | New | 0.01% | +0.01 |
| WEC WEC Energy Group Inc. | New | 0.01% | +0.01 |
| MUB iShares National Muni Bond E | New | 0.01% | +0.01 |
| HD Home Depot Inc. | Add +0.9% | 1.41% | +0.01 |
| GD General Dynamics Corp. | New | 0.01% | +0.01 |
| TRN Trinity Industries Inc. | New | 0.01% | +0.01 |
| BCPC Balchem Corp. | New | 0.01% | +0.01 |
| LOW Lowe's Cos Inc. | New | 0.01% | +0.01 |
| TMUS T-Mobile US Inc. | New | 0.01% | +0.01 |
| CI The Cigna Group | Add +3.1% | 0.14% | +0.01 |
| GLD SPDR Gold Shares | Add +3.4% | 0.04% | +0.01 |
| ABBV Abbvie Inc. | Add +1.4% | 0.44% | +0.00 |
| D Dominion Energy Inc. | Add +0.0% | 0.02% | +0.00 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +11.5% | 0.01% | +0.00 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +2.9% | 0.01% | +0.00 |
| JBGS JBG Smith Properties | Add +20.4% | 0.01% | +0.00 |
| ZTS Zoetis Inc. | Add +2.2% | 0.75% | +0.00 |
| AIQ Global X Art Intel & Tech | Add +1.4% | 0.01% | −0.00 |
| CVS CVS Health Corp. | Add +2.6% | 0.02% | −0.00 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +5.4% | 0.01% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.5% | 0.07% | −0.00 |
| LLY Eli Lilly & Co. | Add +10.0% | 0.27% | −0.01 |
| SLM SLM Corp. | Add +2.2% | 0.08% | −0.01 |
| V Visa Inc. Class A | Add +0.7% | 0.41% | −0.04 |
| BLK BlackRock Inc. | Add +2.7% | 1.17% | −0.05 |
| CMG Chipotle Mexican Grill Inc. | Add +1.8% | 0.52% | −0.05 |
| LDOS Leidos Holdings Inc. | Add +0.2% | 0.48% | −0.05 |
| ADP Automatic Data Processing | Add +4.2% | 0.45% | −0.08 |
| BAC Bank of America Corp. | Add +0.0% | 1.07% | −0.09 |
| AMZN Amazon.com Inc. | Add +2.0% | 2.12% | −0.09 |
| UNH Unitedhealth Group Inc. | Add +2.3% | 0.66% | −0.10 |
| ACN Accenture PLC Class A | Add +7.4% | 0.47% | −0.10 |
| TMO Thermo Fisher Scientific Inc. | Add +1.0% | 0.85% | −0.10 |
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 |