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HCM
Herndon Capital Management Portfolio holdings
AUM
$659M
1-Year Est. Return
22.03%
This Fund
S&P 500
This Quarter
Est. Return
+3.33%
1 Year Est. Return
+22.03%
3 Year Est. Return
+20.32%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$6.69B
AUM Growth
-$663M
(-9%)
Cap. Flow
-$812M
Cap. Flow
% of AUM
-12.14%
Top 10 Holdings %
Top 10 Hldgs %
31.77%
Holding
232
New
30
Increased
33
Reduced
102
Closed
32
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Campbell Soup
CPB
|
+$115M |
| 2 |
Baxter International
BAX
|
+$64.7M |
| 3 |
NSM
Nationstar Mortgage Holdings
NSM
|
+$58.8M |
| 4 |
Verizon
VZ
|
+$57.2M |
| 5 |
ExxonMobil
XOM
|
+$56.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Caterpillar
CAT
|
+$135M |
| 2 |
Aflac
AFL
|
+$88.1M |
| 3 |
CLR
CONTINENTAL RESOURCES INC.
CLR
|
+$87.5M |
| 4 |
ATW
Atwood Oceanics
ATW
|
+$82.4M |
| 5 |
Yum! Brands
YUM
|
+$78M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.96% |
| 2 | Energy | 18.56% |
| 3 | Consumer Staples | 10.98% |
| 4 | Technology | 10% |
| 5 | Industrials | 8.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CF Industries
CF
$17.7B
| $149M | 2.23% |
2,628,505
-338,430
| -11% | -$20.2M |
|
27
LyondellBasell Industries
LYB
$19.8B
| $141M | 2.11% |
1,607,208
-865,245
| -35% | -$72.8M |
|
28
APA Corp
APA
$12.9B
| $140M | 2.09% |
2,322,057
-229,870
| -9% | -$14.5M |
|
|
WDR
29
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $140M | 2.09% |
2,821,499
-363,205
| -11% | -$17.4M |
|
30
Oil States International
OIS
$501M
| $138M | 2.06% |
3,460,267
-395,866
| -10% | -$16.7M |
|
|
31
Verizon
VZ
$195B
| $137M | 2.05% |
2,822,948
+1,185,897
| +72% | +$57.2M |
|
|
EV
32
DELISTED
Eaton Vance Corp.
EV
| $137M | 2.05% |
3,295,015
-405,899
| -11% | -$16.8M |
|
33
Gilead Sciences
GILD
$162B
| $130M | 1.94% |
1,325,198
-152,750
| -10% | -$15.5M |
|
34
United Parcel Service
UPS
$87.8B
| $124M | 1.86% |
1,283,568
-178,598
| -12% | -$18.3M |
|
|
35
Aflac
AFL
$64.5B
| $115M | 1.72% |
3,602,130
-2,887,936
| -44% | -$88.1M |
|
36
SM Energy
SM
$6.88B
| $107M | 1.59% |
2,063,124
-210,856
| -9% | -$9.15M |
|
|
CLR
37
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $99.8M | 1.49% |
2,287,209
-2,058,204
| -47% | -$87.5M |
|
|
ATW
38
DELISTED
Atwood Oceanics
ATW
| $81M | 1.21% |
2,885,467
-2,768,819
| -49% | -$82.4M |
|
|
39
Baxter International
BAX
$14B
| $64.2M | 0.96% |
1,727,427
+1,707,493
| +8,566% | +$64.7M |
|
|
40
Yum! Brands
YUM
$41.6B
| $62M | 0.93% |
1,097,399
-1,429,074
| -57% | -$78M |
|
41
Copa Holdings
CPA
$5.8B
| $46.4M | 0.69% |
459,992
-87,227
| -16% | -$9.46M |
|
42
Baidu
BIDU
$37.1B
| $7.53M | 0.11% |
36,147
-241
| -0.7% | -$51.6K |
|
43
NetEase
NTES
$83.5B
| $7.38M | 0.11% |
350,770
-1,885
| -0.5% | -$39.9K |
|
44
Infosys
INFY
$50.1B
| $7.32M | 0.11% |
834,848
-3,888
| -0.5% | -$34.2K |
|
45
Core Laboratories
CLB
$513M
| $6.38M | 0.1% |
61,120
-326
| -0.5% | -$34.7K |
|
46
Capri Holdings
CPRI
$1.7B
| $6.36M | 0.1% |
96,757
+76,041
| +367% | +$5.22M |
|
47
Suncor Energy
SU
$71.8B
| $6.15M | 0.09% |
210,797
-696
| -0.3% | -$20.7K |
|
48
Cigna
CI
$72.7B
| $5.13M | 0.08% |
39,650
-21,699
| -35% | -$2.52M |
|
49
Polaris
PII
$3.99B
| $4.88M | 0.07% |
34,694
-13,364
| -28% | -$1.97M |
|
50
Cencora
COR
$62B
| $4.55M | 0.07% |
40,103
-16,621
| -29% | -$1.67M |
|
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Herndon Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Herndon Capital Management held 232 positions worth $6.69B, down 9% from $7.35B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Herndon Capital Management withdrew a net $812M in Q1 2015, closing 32 positions and reducing 102 holdings. Its most notable exit was Caterpillar, an estimated $135M position sold in full.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 20% a quarter earlier, followed by Energy and Consumer Staples.
Against the trend, Herndon Capital Management opened a new position in Praxair Inc worth $1.6M.
- Herndon Capital Management's largest Q1 2015 buy was Praxair Inc: 13,283 shares worth $1.6M.
- Herndon Capital Management added most to Campbell Soup in Q1 2015, an estimated $115M increase.
- Herndon Capital Management's biggest Q1 2015 reduction was Aflac, cutting an estimated $88.1M.
- Herndon Capital Management fully exited Caterpillar in Q1 2015, selling an estimated $135M.
- Herndon Capital Management's ten largest holdings make up 32% of its $6.69B portfolio in Q1 2015.
- Herndon Capital Management opened 30 new positions and closed 32 in Q1 2015.
- Herndon Capital Management's portfolio value fell 9% quarter-over-quarter to $6.69B.
Based on Herndon Capital Management's 13F filing for Q1 2015, filed 13 May 2015.