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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
+6.39%
1 Year Est. Return
+22.02%
3 Year Est. Return
+20.31%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2B
AUM Growth
-$603M
(-23%)
Cap. Flow
-$735M
Cap. Flow
% of AUM
-36.66%
Top 10 Holdings %
Top 10 Hldgs %
31.84%
Holding
635
New
2
Increased
33
Reduced
152
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Affiliated Managers Group
AMG
|
+$30.9M |
| 2 |
Omnicom Group
OMC
|
+$30.4M |
| 3 |
Ameriprise Financial
AMP
|
+$29.9M |
| 4 |
Kroger
KR
|
+$20.8M |
| 5 |
Celanese
CE
|
+$19.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Franklin Resources
BEN
|
+$76.8M |
| 2 |
Cboe Global Markets
CBOE
|
+$49.2M |
| 3 |
TJX Companies
TJX
|
+$49.1M |
| 4 |
Altria Group
MO
|
+$48.6M |
| 5 |
Lockheed Martin
LMT
|
+$44.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.56% |
| 2 | Technology | 13.02% |
| 3 | Consumer Staples | 9.16% |
| 4 | Industrials | 8.82% |
| 5 | Energy | 8.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Merck
MRK
$317B
| $16K | ﹤0.01% |
267
| – | – |
|
152
Zimmer Biomet
ZBH
$19B
| $16K | ﹤0.01% |
124
-396
| -76% | -$48.9K |
|
|
CBM
153
DELISTED
Cambrex Corporation
CBM
| $16K | ﹤0.01% |
365
-968
| -73% | -$47.1K |
|
154
Acuity Brands
AYI
$10.7B
| $15K | ﹤0.01% |
58
-212
| -79% | -$56.4K |
|
155
Bank of America
BAC
$442B
| $15K | ﹤0.01% |
946
| – | – |
|
156
Cisco
CSCO
$479B
| $15K | ﹤0.01% |
463
| – | – |
|
157
Coca-Cola
KO
$374B
| $15K | ﹤0.01% |
361
+2
| +0.6% | +$88 |
|
158
Aptiv
APTV
$9.95B
| $14K | ﹤0.01% |
196
-639
| -77% | -$43.1K |
|
159
PepsiCo
PEP
$189B
| $14K | ﹤0.01% |
133
| – | – |
|
160
Visa
V
$688B
| $14K | ﹤0.01% |
175
| – | – |
|
161
Corpay
CPAY
$25.8B
| $14K | ﹤0.01% |
78
-291
| -79% | -$46.6K |
|
162
Citigroup
C
$231B
| $13K | ﹤0.01% |
270
| – | – |
|
163
Walt Disney
DIS
$177B
| $13K | ﹤0.01% |
137
| – | – |
|
164
IBM
IBM
$222B
| $13K | ﹤0.01% |
85
| – | – |
|
165
MACOM Technology Solutions
MTSI
$20.1B
| $13K | ﹤0.01% |
316
-1,184
| -79% | -$46.4K |
|
|
BERY
166
DELISTED
Berry Global Group, Inc.
BERY
| $13K | ﹤0.01% |
314
-1,174
| -79% | -$46.1K |
|
|
IDTI
167
DELISTED
Integrated Device Technology I
IDTI
| $13K | ﹤0.01% |
564
-1,459
| -72% | -$30.1K |
|
168
Amgen
AMGN
$220B
| $12K | ﹤0.01% |
69
| – | – |
|
|
AMWD
169
DELISTED
American Woodmark
AMWD
| $12K | ﹤0.01% |
154
-61
| -28% | -$4.77K |
|
170
Newell Brands
NWL
$2.63B
| $12K | ﹤0.01% |
221
-670
| -75% | -$34.6K |
|
171
UnitedHealth
UNH
$375B
| $12K | ﹤0.01% |
88
| – | – |
|
172
Medtronic
MDT
$110B
| $11K | ﹤0.01% |
130
| – | – |
|
173
Norwegian Cruise Line
NCLH
$9.32B
| $11K | ﹤0.01% |
282
-1,056
| -79% | -$40.9K |
|
174
3M
MMM
$93.9B
| $10K | ﹤0.01% |
67
| – | – |
|
175
Insperity
NSP
$1.95B
| $10K | ﹤0.01% |
264
-986
| -79% | -$35.4K |
|
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Herndon Capital Management's Q3 2016 Portfolio in Review
As of Q3 2016, Herndon Capital Management held 635 positions worth $2B, down 23% from $2.61B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Herndon Capital Management withdrew a net $735M in Q3 2016, closing 19 positions and reducing 152 holdings. Its most notable exit was Telkom Indonesia, an estimated $1.79M position sold in full.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 27% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Herndon Capital Management opened a new position in HFF Inc. worth $5K.
- Herndon Capital Management's largest Q3 2016 buy was HFF Inc.: 191 shares worth $5K.
- Herndon Capital Management added most to Affiliated Managers Group in Q3 2016, an estimated $30.9M increase.
- Herndon Capital Management's biggest Q3 2016 reduction was Franklin Resources, cutting an estimated $76.8M.
- Herndon Capital Management fully exited Telkom Indonesia in Q3 2016, selling an estimated $1.79M.
- Herndon Capital Management's ten largest holdings make up 32% of its $2B portfolio in Q3 2016.
- Herndon Capital Management opened 2 new positions and closed 19 in Q3 2016.
- Herndon Capital Management's portfolio value fell 23% quarter-over-quarter to $2B.
Based on Herndon Capital Management's 13F filing for Q3 2016, filed 7 Nov 2016.