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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
+1.3%
1 Year Est. Return
+22.03%
3 Year Est. Return
+20.32%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$7.59B
AUM Growth
-$378M
Cap. Flow
-$366M
Cap. Flow %
-4.82%
Top 10 Hldgs %
28.4%
Holding
181
New
16
Increased
18
Reduced
97
Closed
20

Top Buys

Rank Stock Value
1
CAT icon
Caterpillar
CAT
+$136M
2
K
Kellanova
K
+$114M
3
ATW
Atwood Oceanics
ATW
+$98.2M
4
VLO icon
Valero Energy
VLO
+$92.9M
5
OIS icon
Oil States International
OIS
+$90.9M

Top Sells

Rank Stock Value
1
CVX icon
Chevron
CVX
+$211M
2
JOY
Joy Global Inc
JOY
+$196M
3
BAX icon
Baxter International
BAX
+$142M
4
AGNC icon
AGNC Investment
AGNC
+$87M
5
ENDP
Endo International plc
ENDP
+$84.3M

Sector Composition

Rank Sector Weight
1 Financials 18.37%
2 Energy 16.38%
3 Technology 11.76%
4 Consumer Staples 10.44%
5 Healthcare 9.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BIIB icon
126
Biogen
BIIB
$30.5B
$910K 0.01%
+2,750
New +$907K
VISN
127
Vistance Networks Inc
VISN
$2.28B
$906K 0.01%
+37,882
New +$929K
SBUX icon
128
Starbucks
SBUX
$120B
$823K 0.01%
21,820
-2,292
-10% -$88.6K
QCOM icon
129
Qualcomm
QCOM
$168B
$795K 0.01%
10,634
-1,113
-9% -$85.1K
CPRI icon
130
Capri Holdings
CPRI
$1.72B
$767K 0.01%
10,743
-11,739
-52% -$944K
LAZ icon
131
Lazard
LAZ
$4.22B
$669K 0.01%
13,205
-6,525
-33% -$342K
AMGN icon
132
Amgen
AMGN
$219B
$664K 0.01%
4,724
-3,081
-39% -$402K
DE icon
133
Deere & Co
DE
$166B
$617K 0.01%
7,526
– –
MAT icon
134
Mattel
MAT
$4.21B
$476K 0.01%
15,522
– –
FMC icon
135
FMC
FMC
$1.32B
$337K ﹤0.01%
6,797
– –
TM icon
136
Toyota
TM
$222B
$329K ﹤0.01%
2,799
– –
WPP icon
137
WPP
WPP
$5.6B
$314K ﹤0.01%
3,130
– –
BUD icon
138
AB InBev
BUD
$165B
$282K ﹤0.01%
2,540
– –
AXA
139
DELISTED
AXA ADS (1 ORD SHS)
AXA
$278K ﹤0.01%
11,304
– –
MUR icon
140
Murphy Oil
MUR
$4.74B
$268K ﹤0.01%
4,715
-41,409
-90% -$2.56M
IX icon
141
ORIX
IX
$44.8B
$249K ﹤0.01%
18,075
– –
SMFG icon
142
Sumitomo Mitsui Financial
SMFG
$163B
$242K ﹤0.01%
29,520
– –
DEO icon
143
Diageo
DEO
$51.6B
$220K ﹤0.01%
1,903
– –
PWRD
144
DELISTED
PERFECT WORLD CO LTD SPONSORED ADR REPSTG CL B (CAYMAN ISL)
PWRD
$218K ﹤0.01%
11,080
– –
DEG
145
DELISTED
ETABLISSEMENT DELHZ ADS 4 ADS REPTGS 1 ORD SHS
DEG
$217K ﹤0.01%
12,552
– –
RIO icon
146
Rio Tinto
RIO
$162B
$203K ﹤0.01%
4,126
– –
SYT
147
DELISTED
Syngenta Ag
SYT
$202K ﹤0.01%
3,189
– –
MUFG icon
148
Mitsubishi UFJ Financial
MUFG
$254B
$196K ﹤0.01%
34,851
– –
ITUB icon
149
Itaú Unibanco
ITUB
$90.2B
$190K ﹤0.01%
34,186
– –
TX icon
150
Ternium
TX
$10.2B
$140K ﹤0.01%
+5,807
New +$156K
3 4 5
6
7

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Herndon Capital Management's Q3 2014 Portfolio in Review

As of Q3 2014, Herndon Capital Management held 181 positions worth $7.59B, down 4.7% from $7.97B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Herndon Capital Management withdrew a net $366M in Q3 2014, closing 20 positions and reducing 97 holdings. Its most notable exit was Joy Global Inc, an estimated $196M position sold in full.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Energy and Technology.

Against the trend, Herndon Capital Management opened a new position in Valero Energy worth $87.3M.

  • Herndon Capital Management's largest Q3 2014 buy was Valero Energy: 1,841,011 shares worth $87.3M.
  • Herndon Capital Management added most to Caterpillar in Q3 2014, an estimated $136M increase.
  • Herndon Capital Management's biggest Q3 2014 reduction was Chevron, cutting an estimated $211M.
  • Herndon Capital Management fully exited Joy Global Inc in Q3 2014, selling an estimated $196M.
  • Herndon Capital Management's ten largest holdings make up 28% of its $7.59B portfolio in Q3 2014.
  • Herndon Capital Management opened 16 new positions and closed 20 in Q3 2014.
  • Herndon Capital Management's portfolio value fell 4.7% quarter-over-quarter to $7.59B.

Based on Herndon Capital Management's 13F filing for Q3 2014, filed 13 Nov 2014.