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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
+12.73%
1 Year Est. Return
+22.02%
3 Year Est. Return
+20.31%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$7.92B
AUM Growth
+$321M
(+4.2%)
Cap. Flow
-$629M
Cap. Flow
% of AUM
-7.94%
Top 10 Holdings %
Top 10 Hldgs %
29.14%
Holding
197
New
18
Increased
22
Reduced
128
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
K
Kellanova
K
|
+$142M |
| 2 |
Chord Energy
CHRD
|
+$79.3M |
| 3 |
AES
AES
|
+$71.9M |
| 4 |
SM Energy
SM
|
+$71.7M |
| 5 |
United Therapeutics
UTHR
|
+$70M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ENDP
Endo International plc
ENDP
|
+$213M |
| 2 |
Federated Hermes
FHI
|
+$156M |
| 3 |
Copa Holdings
CPA
|
+$143M |
| 4 |
Mastercard
MA
|
+$88.9M |
| 5 |
Colgate-Palmolive
CL
|
+$88.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 19.54% |
| 2 | Financials | 19.09% |
| 3 | Technology | 11.52% |
| 4 | Consumer Staples | 10.5% |
| 5 | Industrials | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Valero Energy
VLO
$87.1B
| – | – |
-123,246
| Closed | -$4.21M |
|
|
DTV
177
DELISTED
DIRECTV COM STK (DE)
DTV
| – | – |
-36,334
| Closed | -$2.17M |
|
|
DELL
178
DELISTED
DELL INC
DELL
| – | – |
-83,071
| Closed | -$1.14M |
|
|
ITY
179
DELISTED
IMPERIAL TOBACCO GRP ADS(RP 2
ITY
| – | – |
-3,175
| Closed | -$235K |
|
|
CEO
180
DELISTED
CNOOC Limited
CEO
| – | – |
-1,460
| Closed | -$295K |
|
|
CHL
181
DELISTED
China Mobile Limited
CHL
| – | – |
-4,143
| Closed | -$234K |
|
|
NTT
182
DELISTED
Nippon Telegraph & Telephone
NTT
| – | – |
-12,104
| Closed | -$315K |
|
|
DEG
183
DELISTED
ETABLISSEMENT DELHZ ADS 4 ADS REPTGS 1 ORD SHS
DEG
| – | – |
-18,016
| Closed | -$284K |
|
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Herndon Capital Management's Q4 2013 Portfolio in Review
As of Q4 2013, Herndon Capital Management held 197 positions worth $7.92B, up 4.2% from $7.6B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Herndon Capital Management withdrew a net $629M in Q4 2013, closing 24 positions and reducing 128 holdings. Its most notable exit was Valero Energy, an estimated $4.21M position sold in full.
By sector, the portfolio is most concentrated in Energy at 20% of assets, up from 16% a quarter earlier, followed by Financials and Technology.
Against the trend, Herndon Capital Management opened a new position in SM Energy worth $69.8M.
- Herndon Capital Management's largest Q4 2013 buy was SM Energy: 840,010 shares worth $69.8M.
- Herndon Capital Management added most to Kellanova in Q4 2013, an estimated $142M increase.
- Herndon Capital Management's biggest Q4 2013 reduction was Endo International plc, cutting an estimated $213M.
- Herndon Capital Management fully exited Valero Energy in Q4 2013, selling an estimated $4.21M.
- Herndon Capital Management's ten largest holdings make up 29% of its $7.92B portfolio in Q4 2013.
- Herndon Capital Management opened 18 new positions and closed 24 in Q4 2013.
- Herndon Capital Management's portfolio value rose 4.2% quarter-over-quarter to $7.92B.
Based on Herndon Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.