Herndon Capital Management’s Aflac AFL Stock Holding History

Herndon Capital Management’s Portfolio AFL Stock Details AFL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-2,906	Closed	-$104K	–	228
2016 Q3	$104K	Hold	2,906	–	–	0.01%	91
2016 Q2	$105K	Sell	2,906 -48,426	-94%	-$1.65M	﹤0.01%	111
2016 Q1	$1.62M	Hold	51,332	–	–	0.04%	62
2015 Q4	$1.54M	Buy	51,332 +15,530	+43%	+$483K	0.03%	74
2015 Q3	$1.04M	Sell	35,802 -3,219,606	-99%	-$97.4M	0.02%	97
2015 Q2	$101M	Sell	3,255,408 -346,722	-10%	-$11M	1.68%	35
2015 Q1	$115M	Sell	3,602,130 -2,887,936	-44%	-$88.1M	1.72%	35
2014 Q4	$198M	Sell	6,490,066 -1,258	-0%	-$37.2K	2.7%	12
2014 Q3	$190M	Sell	6,491,324 -280,592	-4%	-$8.54M	2.5%	10
2014 Q2	$211M	Sell	6,771,916 -303,192	-4%	-$9.46M	2.64%	5
2014 Q1	$223M	Sell	7,075,108 -67,334	-0.9%	-$2.14M	2.85%	5
2013 Q4	$239M	Sell	7,142,442 -593,970	-8%	-$19.5M	3.01%	3
2013 Q3	$240M	Buy	7,736,412 +514,242	+7%	+$15.5M	3.15%	2
2013 Q2	$210M	Buy	+7,222,170	New	+$196M	3.13%	2

Other funds holding AFL

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Nordea Investment Management Stockholm, Sweden $107B AUM 24.58% 1-Year Est. Return

Harris Associates Chicago, Illinois $75B AUM 11.27% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Herndon Capital Management's AFL Position: Q4 2016 in Review

Herndon Capital Management sold out of Aflac (AFL) in Q4 2016, closing a stake of 2,906 shares — an estimated $104K sold.

Herndon Capital Management first reported a position in AFL in Q2 2013 and held it in 14 quarters. The position peaked at $240M in Q3 2013. 913 funds tracked by Wall St. Rank hold AFL as of Q4 2016.

Herndon Capital Management reported no remaining Aflac position as of Q4 2016 after selling out during the quarter.
Herndon Capital Management sold 2,906 Aflac shares in Q4 2016, an estimated $104K.
Herndon Capital Management first reported a position in Aflac in Q2 2013 and held it in 14 quarters.
Herndon Capital Management's Aflac position peaked at $240M in Q3 2013.
913 funds tracked by Wall St. Rank held Aflac as of Q4 2016.

Based on Herndon Capital Management's 13F filing for Q4 2016, filed 2 Feb 2017.