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HCM
Herndon Capital Management Portfolio holdings
AUM
$659M
1-Year Est. Return
22.02%
This Fund
S&P 500
This Quarter
Est. Return
+6.91%
1 Year Est. Return
+22.02%
3 Year Est. Return
+20.31%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$7.6B
AUM Growth
+$893M
(+13%)
Cap. Flow
+$511M
Cap. Flow
% of AUM
6.72%
Top 10 Holdings %
Top 10 Hldgs %
28.29%
Holding
200
New
23
Increased
77
Reduced
71
Closed
21
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Union
WU
|
+$152M |
| 2 |
CLR
CONTINENTAL RESOURCES INC.
CLR
|
+$142M |
| 3 |
Apple
AAPL
|
+$87.7M |
| 4 |
Colgate-Palmolive
CL
|
+$85.1M |
| 5 |
Viatris
VTRS
|
+$78.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ross Stores
ROST
|
+$181M |
| 2 |
Hershey
HSY
|
+$159M |
| 3 |
JWN
Nordstrom
JWN
|
+$137M |
| 4 |
NFX
Newfield Exploration
NFX
|
+$95.3M |
| 5 |
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
|
+$87M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23% |
| 2 | Energy | 16.38% |
| 3 | Industrials | 11.52% |
| 4 | Technology | 10.38% |
| 5 | Consumer Staples | 9.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CLR
26
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $159M | 2.09% |
+2,969,130
| New | +$142M |
|
27
Philip Morris
PM
$292B
| $157M | 2.07% |
1,817,937
+177,173
| +11% | +$15.5M |
|
28
United Parcel Service
UPS
$90.8B
| $153M | 2.01% |
1,675,799
+130,060
| +8% | +$11.4M |
|
29
Yum! Brands
YUM
$40.6B
| $151M | 1.99% |
2,944,864
+174,386
| +6% | +$9.04M |
|
30
Campbell Soup
CPB
$6.67B
| $147M | 1.93% |
3,599,365
+366,733
| +11% | +$16.4M |
|
31
Tapestry
TPR
$31.4B
| $146M | 1.93% |
2,685,215
+144,864
| +6% | +$7.98M |
|
32
CF Industries
CF
$18.2B
| $146M | 1.92% |
3,459,070
+240,750
| +7% | +$9.22M |
|
33
Copa Holdings
CPA
$5.96B
| $144M | 1.9% |
1,041,816
+86,059
| +9% | +$11.8M |
|
34
Chevron
CVX
$385B
| $144M | 1.9% |
1,187,902
+84,558
| +8% | +$10.4M |
|
35
NewMarket
NEU
$7.86B
| $144M | 1.9% |
501,218
+35,111
| +8% | +$9.75M |
|
36
IBM
IBM
$213B
| $135M | 1.77% |
761,384
+42,351
| +6% | +$7.7M |
|
|
AIV
37
Aimco
AIV
$387M
| $135M | 1.77% |
36,179,433
+383,477
| +1% | +$1.49M |
|
38
SLM Corp
SLM
$5.09B
| $96.6M | 1.27% |
10,859,721
+572,216
| +6% | +$4.99M |
|
39
AGNC Investment
AGNC
$12.4B
| $92.7M | 1.22% |
4,104,011
+30,759
| +0.8% | +$692K |
|
40
Caterpillar
CAT
$382B
| $89.6M | 1.18% |
1,074,411
+94,256
| +10% | +$7.97M |
|
41
LyondellBasell Industries
LYB
$19.6B
| $89.2M | 1.17% |
1,218,441
+87,681
| +8% | +$6.11M |
|
42
United Therapeutics
UTHR
$25.7B
| $87.8M | 1.16% |
1,113,944
+89,039
| +9% | +$6.51M |
|
43
Landstar System
LSTR
$6B
| $84.6M | 1.11% |
1,511,695
+1,431,360
| +1,782% | +$78.4M |
|
44
Mastercard
MA
$500B
| $83.5M | 1.1% |
1,241,260
+1,183,070
| +2,033% | +$74.3M |
|
45
Murphy Oil
MUR
$5.55B
| $74.9M | 0.99% |
1,241,655
+1,205,602
| +3,344% | +$71M |
|
|
COL
46
DELISTED
Rockwell Collins
COL
| $73.3M | 0.96% |
1,079,448
+1,007,487
| +1,400% | +$71.2M |
|
47
Baxter International
BAX
$14.5B
| $66.9M | 0.88% |
1,875,049
+122,148
| +7% | +$4.74M |
|
48
Southern Copper
SCCO
$146B
| $30.3M | 0.4% |
1,198,239
-2,577,763
| -68% | -$66.7M |
|
49
NetEase
NTES
$84.2B
| $13.3M | 0.17% |
915,285
-2,245
| -0.2% | -$30.7K |
|
50
Herbalife
HLF
$1.32B
| $11.3M | 0.15% |
323,788
-38,748
| -11% | -$1.2M |
|
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Herndon Capital Management's Q3 2013 Portfolio in Review
As of Q3 2013, Herndon Capital Management held 200 positions worth $7.6B, up 13% from $6.71B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Herndon Capital Management deployed $511M of net new capital in Q3 2013, opening 23 new positions and adding to 77 existing holdings. Its largest new stake was CONTINENTAL RESOURCES INC.: 2,969,130 shares worth $159M.
By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 19% a quarter earlier, followed by Energy and Industrials.
On the sell side, the largest reduction was Ross Stores, an estimated $181M trimmed.
- Herndon Capital Management's largest Q3 2013 buy was CONTINENTAL RESOURCES INC.: 2,969,130 shares worth $159M.
- Herndon Capital Management added most to Western Union in Q3 2013, an estimated $152M increase.
- Herndon Capital Management's biggest Q3 2013 reduction was Ross Stores, cutting an estimated $181M.
- Herndon Capital Management fully exited Newfield Exploration in Q3 2013, selling an estimated $95.3M.
- Herndon Capital Management's ten largest holdings make up 28% of its $7.6B portfolio in Q3 2013.
- Herndon Capital Management opened 23 new positions and closed 21 in Q3 2013.
- Herndon Capital Management's portfolio value rose 13% quarter-over-quarter to $7.6B.
Based on Herndon Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.