# HERITAGE INVESTORS MANAGEMENT CORP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 937589. Source: https://holderbook.com/funds/937589-heritage-investors-management-corp/

- Reported value: $3.6B
- Positions: 257
- Weight of the ten largest: 35.9%
- Filed: 2026-08-04

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $194.8M | 673,254 | 5.4% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $187.5M | 549,796 | 5.2% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $182.4M | 482,977 | 5.0% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $133.8M | 374,536 | 3.7% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $123.7M | 350,056 | 3.4% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $111.2M | 104,402 | 3.1% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $109.0M | 292,324 | 3.0% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $96.9M | 484,082 | 2.7% | 25 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $81.0M | 218,685 | 2.2% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $78.6M | 329,786 | 2.2% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $73.0M | 621,713 | 2.0% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $66.5M | 129,425 | 1.8% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $60.9M | 185,967 | 1.7% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $59.0M | 422,405 | 1.6% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $53.8M | 53,221 | 1.5% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $53.5M | 472,513 | 1.5% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $51.5M | 152,142 | 1.4% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $50.8M | 143,987 | 1.4% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $44.1M | 232,580 | 1.2% | 25 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $43.9M | 210,199 | 1.2% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $40.8M | 160,709 | 1.1% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $40.7M | 316,592 | 1.1% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $40.6M | 134,058 | 1.1% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $39.8M | 413,720 | 1.1% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $39.5M | 693,736 | 1.1% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $38.6M | 40,102 | 1.1% | 6 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $38.1M | 272,326 | 1.1% | 31 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $36.4M | 63,180 | 1.0% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $33.3M | 80,002 | 0.9% | 31 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $32.1M | 45,654 | 0.9% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $31.4M | 200,553 | 0.9% | 31 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $31.4M | 100,162 | 0.9% | 31 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $30.6M | 29,335 | 0.8% | 31 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $29.7M | 114,121 | 0.8% | 8 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $29.7M | 390,079 | 0.8% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $29.6M | 147,609 | 0.8% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $29.3M | 58,447 | 0.8% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $28.9M | 106,897 | 0.8% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $27.3M | 48,434 | 0.8% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $25.7M | 27,469 | 0.7% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $25.1M | 151,342 | 0.7% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $22.9M | 105,903 | 0.6% | 31 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $22.8M | 478,881 | 0.6% | 31 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $21.9M | 220,160 | 0.6% | 19 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $21.6M | 159,548 | 0.6% | 31 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $21.5M | 111,044 | 0.6% | 18 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $20.5M | 252,483 | 0.6% | 31 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $19.7M | 189,417 | 0.5% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $19.3M | 53,423 | 0.5% | 31 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $19.2M | 117,405 | 0.5% | 31 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $19.1M | 159,417 | 0.5% | 31 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $19.0M | 64,676 | 0.5% | 31 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $18.6M | 548,413 | 0.5% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $18.6M | 230,294 | 0.5% | 31 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $17.2M | 107,515 | 0.5% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $16.7M | 66,424 | 0.5% | 31 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $16.3M | 116,903 | 0.4% | 31 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $16.0M | 390,649 | 0.4% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $15.9M | 70,816 | 0.4% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $15.6M | 369,357 | 0.4% | 31 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $15.3M | 20,238 | 0.4% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $15.1M | 43,987 | 0.4% | 31 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $14.7M | 205,182 | 0.4% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $14.5M | 28,396 | 0.4% | 31 |
| BURLINGTON STORES INC | [BURL](https://holderbook.com/stocks/BURL/) | $14.4M | 45,435 | 0.4% | 31 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $14.3M | 692,633 | 0.4% | 31 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $14.2M | 124,691 | 0.4% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $13.3M | 11,056 | 0.4% | 15 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $13.1M | 149,140 | 0.4% | 26 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $13.0M | 155,619 | 0.4% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $12.9M | 24,787 | 0.4% | 14 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $12.9M | 276,476 | 0.4% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $12.7M | 131,186 | 0.4% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $12.6M | 44,944 | 0.3% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $12.3M | 90,000 | 0.3% | 31 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $12.1M | 71,343 | 0.3% | 31 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $11.9M | 290,918 | 0.3% | 31 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $11.5M | 78,901 | 0.3% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $10.9M | 74,273 | 0.3% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $10.6M | 102,515 | 0.3% | 31 |
| LEIDOS HOLDINGS INC | [LDOS](https://holderbook.com/stocks/LDOS/) | $10.5M | 101,638 | 0.3% | 31 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $10.3M | 120,058 | 0.3% | 31 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $9.7M | 127,531 | 0.3% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $9.7M | 78,265 | 0.3% | 31 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $9.5M | 46,560 | 0.3% | 11 |
| QNITY ELECTRONICS INC | [Q](https://holderbook.com/stocks/Q/) | $9.5M | 57,927 | 0.3% | 3 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $9.3M | 160,465 | 0.3% | 27 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $9.2M | 18,449 | 0.3% | 31 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $9.1M | 212,957 | 0.3% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $9.0M | 126,291 | 0.2% | 31 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $8.9M | 28,414 | 0.2% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $8.7M | 32,055 | 0.2% | 31 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $8.1M | 27,881 | 0.2% | 28 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $8.1M | 97,461 | 0.2% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $8.1M | 334,402 | 0.2% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $7.8M | 21,091 | 0.2% | 16 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $7.6M | 20,425 | 0.2% | 20 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $7.5M | 33,637 | 0.2% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $7.4M | 33,650 | 0.2% | 1 |
| TOYOTA MOTOR CORP | [TM](https://holderbook.com/stocks/TM/) | $7.4M | 44,057 | 0.2% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.1% | +14.8% | -1.7% | 100% |
| Q1 2026 | -3.5% | -4.6% | +1.1% | 100% |
| Q4 2025 | +3.9% | +2.4% | +1.5% | 100% |
| Q3 2025 | +7.1% | +7.8% | -0.7% | 100% |
| Q2 2025 | +9.2% | +10.5% | -1.2% | 100% |
| Q1 2025 | -6.1% | -4.6% | -1.5% | 99% |
| Q4 2024 | +3.2% | +2.1% | +1.0% | 100% |
| Q3 2024 | +5.6% | +5.4% | +0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.6B | 257 |
| Q1 2026 | $3.3B | 249 |
| Q4 2025 | $3.4B | 245 |
| Q3 2025 | $3.3B | 251 |
| Q2 2025 | $3.2B | 252 |
| Q1 2025 | $2.9B | 254 |
| Q4 2024 | $3.1B | 255 |
| Q3 2024 | $3.0B | 254 |
| Q2 2024 | $2.9B | 252 |
| Q1 2024 | $2.8B | 255 |
| Q4 2023 | $2.6B | 248 |
| Q3 2023 | $2.4B | 246 |