HERITAGE INVESTORS MANAGEMENT CORP

Q4 2025 13F-HR Holdings

Location
Bethesda, MD
Holdings as of
12/31/2025
Date filed
2/6/2026
Form type
13F-HR
Num holdings
245
Total value ($000)
$3,432,388
Net value change ($000)
+86,993 (2.6%)
New positions
7
Sold out positions
13
Turnover %
0.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/4/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 24,210 24.3%
GOOGL 23,592 25.3%
MAR 9,541 15.8%
AAPL 9,484 5.2%
CAT 9,238 15.4%
MRK 7,265 26.3%
CRM 6,373 14.4%
Q 5,933 NEW
FDX 5,423 22.2%
TMO 5,170 18.8%
Top Reduces (Value $000, Stocks/ETFs)
PANW -11,820 -10.3%
MSFT -10,389 -6.9%
HD -7,547 -13.6%
DD -5,744 -48.4%
NKE -4,056 -16.0%
CMCSA -3,982 -29.9%
MSTR -3,730 -52.8%
BLK -3,685 -8.1%
ZTS -3,526 -12.0%
ADBE -3,500 -15.2%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type